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.
4-24-07
USDCHF
There was a short trade entered in the USDCHF yesterday at 1.2125. There was a partial profit taken at 1.2190. Put the stop loss to entry on the balance of the position. If the USDCHF moves below 1.2083, move the stop loss down to 1.2103.
Posted by
Forex Trading Based on Supply and Demand
at
10:58 PM
No comments:
Post a Comment