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.
4-22-07
USDCHF
There was a short trade entered in the USDCHF at 1.2078 on Friday that was closed for a 3 pip gain with a trailing stop. The low after entry was 1.2065. The USDCHF built an area of breakout support at 1.2060 and went back and forth between 1.2088 and 1.2060 to absorb the supply in that area. I will try to trade the 1.2125 to 1.2072 range for Sunday depending on where the USDCHF opens.
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Forex Trading Based on Supply and Demand
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3:33 AM
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