Anything with a decent spread, I look through about 20 for set ups.

Hey Jav, I'm using 4hr to set my limit orders, I'm using both the supdem and hand drawn. If I think the supdem has missed one I'll redraw it buy hand. I've been splitting my position in to placing one order right at the zone and another deep in the zone. If price doesn't penetrate the zone I'm in, and if it does penetrate I'm nicley averaged in. This is still evolving as I get more experience.

Just got 14 pips EU, had limit order set at 1.3600. Have another set at 1.3640 These limit orders at zones are working for me. 30 pips from limit order on EG last night. Still have 6 limit orders set at zones and looking for more. This is fun

Nice, have limit shorts ECAD at 1.0450 and 1.0480

Thanks for the charts pennies, got out of UJ last night with 12 pips. May consider another entry.

Hey guys, went to bed with 7 limit orders, only one got hit, an EG short in supply zone that then hit my 30 pip TP. Have a limit for ECAD at 1.4050 thats just 10 pips away.

Check out the beast 4hr. How does that that demand zone look just below the gap that is in the process of being filled?

Watching AU here for a possible short. Looks like substantial China news at 10pm eastern if I'm reading it right. Will wait till after news for a possible entry.

That 88.6 is the daily supply zone I'm showing beginning at 96.60 is what I've drawn, the supdem drew it at 96.73 on daily right were price is now.

set up limit orders on EU based on my 4hr chart sell limit at 1.36 and another at 1.3640, I'll give it 24 hrs. its probably only 50-50 it will get back up there, that's a pretty good supply zone on your one hr pennies.

Joined you in UJ at 97.00 4hr and daily look good for a pop up, but the weekly looks scary for a drop in near future.

Guys I've been thinking, Always remember who is on the other side of your trade, and what it means in the supply and demand zones. Hey when you see on Oanda the open trading ratios and 80% of the retail market is short a pair, guess what, your broker is 80% long, think its going to drop like a rock. Not going to happen. They can't let 80% of retail be right. Unless you trade through an ECN your broker takes the other side of your trade, your long, your broker is short your position. If I have this wrong someone please correct me.

Guys in this Sam Seiden article, he reminds us that are broker takes the other side of our trade, so I think something has clicked for me here. When we buy at a demand zone the broker is forced to sell at the demand zone, something they don't want to do. So spreads can rise at demand or supply zones, also it may be one of the reasons price keeps coming back to the zone several times so the broker can unwind the counter trade position before they let it run, especially at extremes on the curve,, Does that make sense??

Article
http://lessons.tradingacademy.com/article/spot-forex-vs-forex-futures/

Interbank FX Market. Hey guys, something I've found helpful in trading this supply demand zone setup is learning more about the participants in the FX market, what they do and how they do it. Check out also spot market and futures market. You can search web and find quite a bit, thought this article was interesting. One paragraph of article follows plus link.

The minimum transaction size of each unit that can be dealt on either platform tends to one million of the base currency. The average one-ticket transaction size tends to five million of the base currency. This is why individual investors can't access the interbank market - what would be an extremely large trading amount (remember this is unleveraged) is the bare minimum quote that banks are willing to give - and this is only for clients that trade between $10 million and $100 million and just need to clear up some loose change on their books.

http://www.investopedia.com/articles/forex/06/interbank.asp

Put a sell limit ECAD at 1.4050 just a little into the supply zone. Can add if it goes to the highs at 1.4080

I'm out with 64 pips at 1.40 going to put a limit back up top. This is fun.

Yes I finially got out of GU. Holding since last Friday. Ended up with 3 positions for 177pips 79 pips and -21pips. Turned this week into a good one.

EUR/CAD looking good This morning, Thinking I'm going to hold on to this one over the week end.

Hey stk, here is my GU 4hr, there was a bullish channel it fell out of, thinking it could move back up to kiss that lower trend line then fall away again. Looks like that kiss could be around 1.63 Anyway I have a short bias right now, wanting it drop 100 pips now. been stuck in a short here all week and need 40 pips to get clear, yea! you did warn me. These are zones drawn by SUPDEM btw.

Still have UJ long from this morning 97.00,,,,Put in a break even stop when I left for work this morning, crazy thing came with in 3 pips of my stop loss and now its up 28?? see what it does next couple of hrs.

Thats what I think, should be in the pips tomorrow morning, off to work for the day, its set and now its time to think about something else for awhile. But I'm sure I'll peek at my phone now and then. LOL

Up 17 pips UJ break even stop, off to work for the day. have several positions right now and can't afford UJ to get underwater on me. So its all or nothing.

ECAD looking good, I'm in the black for the moment.

UJ just hit my 97.00 limit order that I put in yesterday, as per your suggestion. We are good to go now.

that would be just about 50% retrace, nice

The other half of my ECAD position just filled at 1.4080, I'm now committed to this short. What are looking at for a tp

Good morning pennies, your upper zones just might make a little more sense, price is just about were I left it when I went to bed.

EUR/CAD hand drawn zones. The first chart was supdem zones, here I hand drew what seem to be the two most relevant zones on the 4hr. Looks a little different. Have taken a half short position at 1.4050 with the other half a limit in the upper part of the zone. Like they say, you can't win if you don't buy a ticket.

EUR/CAD 4hr closing in on fresh supply zone, already hit the 88.6. I have a limit set at 1.4080. When I look at the daily the supdem already has it well within a zone from way back when. May go ahead and get in small before bed and cancel limit?

UJ looks good to me, I'll do the same order is set.

pennies I don't think was clear with my question on my last post. What I meant is both correction waves 2 & 4 are sharp and fast, or same characteristics, Ideally shouldn't one be fast and sharp and one drawn out and meandering?? thanks.

thanks for the count pennies, when wave 2 and 4 are the same, does that make the count suspect or suggest wave 5 could fail? 50-50 or just a little bit?

For sure, just got caught in the wrong place, pretty confident I can squirm out. Have a limit at 163.10 If it wants to go there.

I've been reading posts about the support and resistance indie and finally added it. Nice I like it. Took 47 pips from a GU short a little while ago, still holding one, will ride it out and add again as chart dictates, So please don't drive your long up too far tonight pennies.

My beast short last night hit my TP for 158.70, but only because I was sleeping, If I were watching it would have probably gotten itchy finger and taken it early. For me there's something to be said for set and forget, so many trades I take profit on would have hit my TP if I would just relax and let them run.

Hey SG, I don't see anything I really like either today. I'm looking at mostly 4hr and daily charts for this SD zone set up. Don't get as many set ups on higher time frames but the ones you get are really good ones. I have a couple limit orders set but don't expect them to get hit today. Take a look at GBP/AUD on the 4hr. The action off of the supply zone has been just crazy. I've been watching it and missed it both times. Thats where I needed the limit orders. Going to be setting more at these zones in the future.

Zooming out on 4hr looking like some type of complex correction in about a 250 pip channel, thinking there is likely a move back to bottom around 157.50

Yea that's awesome, look at that pin bar on the 4 hr.

Wow I'll say, I'm taking a little heat on an earlier GJ short, may add to it here, closed out NU short from this morning for 19pips, Really liking these zones on my chart, I don't get as freaked out when a trade gets away from me some, I can be pretty sure where its going according to the next zone.

I'm looking for interesting here. holding a couple of positions GU (100pips apart) for several days. Looking at correlations EG is -89% inverse of GU, GU tanking will move EG up for double the interesting. GJ is +87% moving with GU. Still have one GJ short position. Was thinking maybe retail holding things up here, and institutions welcoming it) we have bullish candles, bullish MA crossovers, bullish indies, time to buy right.