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.
4-18-07
USDJPY
There was a long trade entered yesterday afternoon in the USDJPY at 1.1859. A partial profit will be taken at 1.1882 and the stop loss will be moved to entry on the remainder of the position. If the USDJPY reaches the 1.1925 area, sell another contract and move the stop to 1.1869.
Posted by
Forex Trading Based on Supply and Demand
at
11:43 PM
No comments:
Post a Comment