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.
4-3-07
USDJPY
There was a long trade entered in the USDJPY on Sunday at 1.1760. The trade was closed this morning at 1.1830. There was a short trade entered at 1.1830 that was stopped out with a 10 pip loss. I will buy the first pullback to 1.1800 for my next USDJPY trade.
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Forex Trading Based on Supply and Demand
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3:56 AM
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