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.
5-29-07
GBPUSD
The short entry at 1.9850 in the GBPUSD was missed by 2 ticks yesterday and 8 ticks today. The area of supply near 1.9850 is not fresh. I will trade long at 1.9767 for my next GBPUSD trade.
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Forex Trading Based on Supply and Demand
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10:46 PM
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