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.
4-12-07
USDJPY
There was a long trade entered in the USDJPY yesterday on the first pullback to 1.1920 that was closed at 1.1930. The USDJPY traded up to 1.1940 after entry and then pulled back to 1.1920 and is now trading in a range between 1.1920 and 1.1950. I will pass on the USDJPY for today because I prefer a bigger range.
Posted by
Forex Trading Based on Supply and Demand
at
4:27 AM
No comments:
Post a Comment