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.
4-29-07
USDJPY
The short trade in the USDJPY from early Friday morning at 1.1954 reached the first target of 1.1925 and then backed up to 1.1935 where it was closed with a 10 pip trailing stop. I will short 1.2066 for my next USDJPY trade.
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Forex Trading Based on Supply and Demand
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7:10 AM
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