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
USDJPY
My last trade in the USDJPY was a long trade at 1.2096 that was stopped out with a 10 pip loss after entry. The USDJPY reached a low of 1.2082 before the move higher to 1.2140. I will trade the first pullback to 1.2086 long for my next USDJPY long trade, and 1.2180 short for my next USDJPY short trade.
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Forex Trading Based on Supply and Demand
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7:42 AM
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