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.
6-3-07
USDJPY
There have been no trades in the USDJPY for the last 3 days.
I will buy a pullback to 1.2180 for my next USDJPY long trade.
I will trade short at 1.2260 with a sell stop once the USDJPY above 1.2272
and reverses lower.
Posted by
Forex Trading Based on Supply and Demand
at
5:15 AM
No comments:
Post a Comment