Looks like the price turned north just few pips before touching the demand level.. however, it may still come back so I am keeping the limit (buy) order for next 12 hour or so.

B.S. Trading with Kenneth Lee

GBP/JPY near demand level — I am watching this one..

B.S. Trading with Kenneth Lee

Loonie heading towards supply level? — Loonie around 20 pips away from first kiss with supply level?

B.S. Trading with Kenneth Lee

KL, Rufus What do you think about this supply level on USD/JPY chart on 1H? I can clearly see a touch of the supply line by price NOW as I type, but will you consider this as the first touch? There is a sharp touch in the first 4-5 bars too .

B.S. Trading with Kenneth Lee

Here is how I would draw those lines.

B.S. Trading with Kenneth Lee

In my book, I will rate the demand level on your chart as top category because there is a fair amount of consolidation and it's pretty flat so "point of highest imbalance" is easy to spot. Your supply level is also fine according to me. I also look ...

B.S. Trading with Kenneth Lee

CAD/JPY — Currently short on CAD/JPY. Let's see.

B.S. Trading with Kenneth Lee

I believe that's the way to go. I look for one of the two "confirmations" before I enter at market price: a) A simple reversal bar like a pin bar (wick pointing to the S/D level) or engulfing bar (in faster TF) OR b) A divergence (A divergence is ...

B.S. Trading with Kenneth Lee

GBP/JPY short — Looking very tempting but I am passing the short trade up for two reasons : a) Its against Daily and 4H trend b) There is Demand level not too far away, the R/R is barely 1:2 Any comments?

B.S. Trading with Kenneth Lee

I took the exact same EUR/USD trade and my demand level looks like yours. I use 1H TF to draw S/D lines. I went long at 1.3213 and my TP was hit at 1.3260 with 45+ pips profit (after spread etc.). My SL was at 1.3188. I took my profit too early but ...

B.S. Trading with Kenneth Lee

The EUR/JPY chart posted at comment #4531 above earned me +41 pips My first and only live trade so far with Kenneth's (and Sam's) Demand/Supply technique. An auspicious start to a long journey with this method. The technique is easiest. The crux ...

Ken's Continuing Successes with EO's system

CAD/JPY Supply Zones — Hi, I have drawn two supply zones based on drop-base-drop consolidation on 1H chart Any feedback/improvement/correction would be more than welcome.. The EUR/PJY trade going in my direction so looks good so far. Cheers

Ken's Continuing Successes with EO's system

Curently short on EUR/JPY — The first rally moved back from within 6 pips away from the bottom of "rectangle". So I took a short based on price action and stop loss is above the top of the candle before it moved away. The Demand-Supply lines ...

Ken's Continuing Successes with EO's system

Some real "stalwarts" with thousands of posts talking about their years of experience with Oanda so I feel a little overwhelmed. I have been live with Oanda for only 3 short months after being on demo with them for 2 years. I have not faced a single ...

Years with OANDA?

So finally what happened? You guys got super rich or got your live accounts busted with this indicator?

The Use of ADX

Joe Dinapoli used and taught these stochastics/MACD to be used in tick charts (market data) and not time based charts like the ones we see in MT4. So in forex, has anyone backtested these indicators?

Looking for a Dinapoli Preferred Stochastic Indicator

Anyone still using Woodie's CCI system?

Woodies CCI with a 5 min scalping

Not yet, will do that. Thanks for directing me to the same.

Pepperstone Forex

Yes, I agree. Reply from Pepperstone that I received half hour before: "Thank you for your message. When a micro lot is sent to the market the aggregation is performed by the Intergral ECN grid bridge. This is what occurs at Pepeprstone - there are ...

Pepperstone Forex

It has been two days since I asked Pepperstone email support a question about how they handle STP routing of micro lots and no reply yet. Today I decided and funded my Oanda UK account as FSA regulation would give the best POSSIBLE client investment ...

Pepperstone Forex