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.
4-11-07
USDJPY
The long trade from 1.1880 was partially exited at 1.1920 and then closed yesterday at 1.1893. The 1.1920 area of supply is proving to be a problem for the USDJPY. I will pass on trading the USDJPY until it pulls back to 1.1836, or rallies past 1.1920 and pulls back to that demand level.
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Forex Trading Based on Supply and Demand
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3:32 AM
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