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.
5-20-07
GBPUSD
My last trade in the GBPUSD was a long trade at 1.9700 which is still open. A partial profit was taken at 1.9770. My stop loss is at entry on the balance of the position. If the GBPUSD rallies past the 1.9775 area, I will move my stop loss to 1.9749.
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Forex Trading Based on Supply and Demand
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7:37 AM
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