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.
4-22-07
USDJPY
There was no trade entered in the USDJPY on Friday. The range on the USDJPY is getting very narrow and is hard to trade. I will short 1.1956 for the top of the range and I will buy a pullback to 1.1800 for the bottom of the range once that range opens up.
Posted by
Forex Trading Based on Supply and Demand
at
3:34 AM
No comments:
Post a Comment