USDJPY 3-22-07
3-22-07
USDJPY
The long position from Sunday which was entered at 1.1630 in the USDJPY was closed yesterday when the USDJPY spiked lower to 1.1714. I will trade the 1.1695 to 1.1778 range for today.
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.
3-22-07
USDJPY
The long position from Sunday which was entered at 1.1630 in the USDJPY was closed yesterday when the USDJPY spiked lower to 1.1714. I will trade the 1.1695 to 1.1778 range for today.
Posted by
Forex Trading Based on Supply and Demand
at
1:57 AM
0
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3-22-07
USDCHF
The long position from Sunday which was entered at 1.2044 in the USDCHF was closed at 1.2126 yesterday when the USDCHF reached the 1.2168 target and retraced. I will trade the 1.2092 to 1.2150 range for today.
Posted by
Forex Trading Based on Supply and Demand
at
1:56 AM
0
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3-22-07
GBPUSD
There were no trades in the GBPUSD for the last two days. I will buy the first pullback to 1.9587 for my next GBPUSD long trade.
Posted by
Forex Trading Based on Supply and Demand
at
1:56 AM
0
comments
3-22-07
EURUSD
There were no trades in the EURUSD for the last two days. I will buy the first pullback to 1.3304 for my next EURUSD trade.
Posted by
Forex Trading Based on Supply and Demand
at
1:55 AM
0
comments
3-20-07
USDJPY
There was a long trade entered at 1.1630 on Sunday in the USDJPY. The first target was reached at 1.1700. Move the stop loss on the rest of the position to 1.1715. The next target is 1.1826. Move the stop loss to 1.1759 if the next target is reached.
Posted by
Forex Trading Based on Supply and Demand
at
1:38 AM
0
comments
3-20-07
USDCHF
There was a long trade entered in the USDCHF on Sunday at 1.2044. A partial profit was taken at 1.2111. Move the stop loss on the rest of the position to 1.2069. The next target is 1.2168. Move the stop loss to 1.2126 if the next target is reached.
Posted by
Forex Trading Based on Supply and Demand
at
1:37 AM
0
comments
3-20-07
GBPUSD
There were no trades in the GBPUSD on Sunday or Monday. I will buy the first pullback to 1.9420.
Posted by
Forex Trading Based on Supply and Demand
at
1:37 AM
0
comments
3-20-07
EURUSD
There was a long trade on Monday at 1.3290 that was exited with a 10 pip trailing stop at 1.3306. I am going to buy the first pullback to 1.3245 for my next trade in the EURUSD.
Posted by
Forex Trading Based on Supply and Demand
at
1:36 AM
0
comments