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.
5-1-07
USDCHF
There was a long trade entered in the USDCHF at 1.2042 that was stopped out with a 10 pip loss. The USDCHF traded in a range yesterday between 1.2028 and 1.2100 rather than breaking out. It looks like today will be another range day. I will trade the 1.2022 to 1.2122 range for today.
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Forex Trading Based on Supply and Demand
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11:10 PM
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