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
USDJPY
There was a short trade entered in the USDJPY at 1.2164 that was closed at 1.2156 with a 10 pip trailing stop. No long trade was entered. I will trade the 1.2085 to 1.2250 range for today.
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Forex Trading Based on Supply and Demand
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3:10 AM
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