My Trading is based on the laws of supply and demand. Everything about price is reflected in the price. Price moves between areas of supply and demand until the demand is absorbed and price moves lower or supply is absorbed and price moves higher. This blog is dedicated to the relationship of supply and demand and it's effects on price in the forex markets. Once supply and demand is learned, it can be used in any market.
4-13-07
USDCHF
There was a long trade entered in the USDCHF yesterday at 1.2177 that was stopped out with a 10 pip loss. The 1.2200 area of resistance held and sent the USDCHF to a low of 1.2132. I will pass on trading the USDCHF until it reaches the 1.2085 area so that there is a decent range to trade between 1.2085 and 1.2160.
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Forex Trading Based on Supply and Demand
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4:39 AM
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