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.
5-30-07
USDCHF
There was a long trade entered this morning in the USDCHF at 1.2242. The stop loss has been moved to entry. The USDCHF declined below 1.2242 yesterday and only reversed to fill the buy stop this morning. If the USDCHF reaches 1.2276, a partial profit will be taken and the stop on the rest of the position will be moved to 1.2247.
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Forex Trading Based on Supply and Demand
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3:11 AM
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