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.
5-8-07
USDCHF
There was a long trade entered in the USDCHF at the low end of the range at 1.2080 on Monday that will be closed out at 1.2148. I will short 1.2162 with a sell stop and a 10 pip stop loss. The first target is 1.2100.
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Forex Trading Based on Supply and Demand
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3:35 AM
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