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.
4-27-07
USDCHF
The short trade from the 1.2124 entry was closed at 1.2071 with a trailing stop yesterday morning. The USDCHF is trying to rally past the 1.2088 area of supply. If it happens to throw down a candle to the 1.2050 area before it rallies past the 1.2088 area, I will go long at 1.2050. If not, I will pass on the USDCHF for today.
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Forex Trading Based on Supply and Demand
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4:20 AM
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