EURUSD 5-30-07
5-30-07
EURUSD
The long trade from Monday at 1.3430 was stopped out yesterday at 1.3503 with a trailing stop. I will buy a pullback to 1.3380 for my next EURUSD long trade.
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
EURUSD
The long trade from Monday at 1.3430 was stopped out yesterday at 1.3503 with a trailing stop. I will buy a pullback to 1.3380 for my next EURUSD long trade.
Posted by
Forex Trading Based on Supply and Demand
at
3:12 AM
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5-30-07
GBPUSD
A long trade was entered this morning at 1.9767 in the GBPUSD. The GBPUSD rallied to a high of 1.9790 after entry and the trade was closed at 1.9777 with a 10 pip trailing stop. I will re-enter the long trade with a buy stop at 1.9760, if the GBPUSD trades down to 1.9750 and then reverses to avoid a stop run.
Posted by
Forex Trading Based on Supply and Demand
at
3:12 AM
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5-30-07
USDCHF
There was a long trade entered this morning in the USDCHF at 1.2242. The stop loss has been moved to entry. The USDCHF declined below 1.2242 yesterday and only reversed to fill the buy stop this morning. If the USDCHF reaches 1.2276, a partial profit will be taken and the stop on the rest of the position will be moved to 1.2247.
Posted by
Forex Trading Based on Supply and Demand
at
3:11 AM
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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.
Posted by
Forex Trading Based on Supply and Demand
at
3:10 AM
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comments
5-29-07
EURUSD
There was a long entry on Monday in the EURUSD at 1.3430. The stop loss has been moved to entry. The first target is 1.3483 if the EURUSD can make it past the 1.3444 area of supply.
Posted by
Forex Trading Based on Supply and Demand
at
10:47 PM
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5-29-07
GBPUSD
The short entry at 1.9850 in the GBPUSD was missed by 2 ticks yesterday and 8 ticks today. The area of supply near 1.9850 is not fresh. I will trade long at 1.9767 for my next GBPUSD trade.
Posted by
Forex Trading Based on Supply and Demand
at
10:46 PM
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comments
5-29-07
USDCHF
There were no trades in the USDCHF yesterday. I will trade long at 1.2242 and short at 1.2335 for today.
Posted by
Forex Trading Based on Supply and Demand
at
10:45 PM
0
comments
5-29-07
USDJPY
A long trade in the USDJPY at 1.2171 was stopped out with a 10 pip loss. I will trade the 1.2109 to 1.2164 range for today.
Posted by
Forex Trading Based on Supply and Demand
at
10:44 PM
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comments
5-27-07
GBPUSD
I am planing to trade the 1.9750 to 1.9850 range for early next week in the GBPUSD.
Posted by
Forex Trading Based on Supply and Demand
at
1:55 AM
0
comments
5-27-07
EURUSD
I plan to trade the 1.3430 to 1.3513 range for early next week in the EURUSD.
Posted by
Forex Trading Based on Supply and Demand
at
1:55 AM
0
comments
5-27-07
USDJPY
I will buy the first pullback to 1.2171 in the USDJPY for my next trade. The target is 1.2300.
Posted by
Forex Trading Based on Supply and Demand
at
1:54 AM
0
comments
5-27-07
USDCHF
I am planning to trade the 1.2260 to 1.2360 range for early next week in the USDCHF.
Posted by
Forex Trading Based on Supply and Demand
at
1:54 AM
0
comments