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.
5-1-07
USDJPY
There was no trades entered in the USDJPY for the last two days. The USDJPY looks like it wants to breakout past 1.1960. I will buy a pullback to 1.1960 if the 60 minute candle closes above 1.1960. I will short 1.2066 for my next USDJPY short trade.
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Forex Trading Based on Supply and Demand
at
11:11 PM
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