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.
5-3-07
EURUSD
There was a short trade entered on 5-1-07 at 1.3659 that was closed at 1.3614 which was the bottom of the range for that day. The EURUSD continued lower to a low of 1.3560.
The range I will trade for today is 1.3592 on a pullback for a long trade, and 1.3665 for a short.
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Forex Trading Based on Supply and Demand
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5:17 AM
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