Here is my Top Down analysis for GBPJPY. Advise me on any better thoughts; MONTHLY-
WEEKLY-
DAILY-
L.L.L.T
Supply and Demand Zones 48 replies
Price movement as a function of Supply and Demand 43 replies
Supply and demand zones and EW principles 1 reply
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Demand and Supply 1 reply
DislikedHere is my Top Down analysis for GBPJPY. Advise me on any better thoughts; MONTHLY-{image} WEEKLY-{image} DAILY-{image}Ignored
DislikedHere is my Top Down analysis for GBPJPY. Advise me on any better thoughts; MONTHLY-{image} WEEKLY-{image} DAILY-{image}Ignored
Disliked{quote} Makes sense. MN DZ is in control. Nice D1 DZ being formed at the bottom at the MN DZ retest. Wicky supply zones to the left, price could continue higher from there before it drops. AlfonsoIgnored
DislikedAlfonso, It is important when looking for entry from last broken zone, like for example this 4H chart on EURUSD pair. How do I show the lately removed zones from your indicator? (pic attached) I can draw horizontal lines on each TF on each pair by hand, but I may miss some as too many to monitor. {image}Ignored
Disliked{quote} RIverTrader, I think that this is II supdem indicator made by Insanity Industries. It has not that kind of function to show broken supply or demand levels.Ignored
Disliked{quote} Thanks for reply: I have just double checked again, and I am sure this indicator on chart I showed is not II supdem indicator. If I were not wrong, it is one of Alfonso's indicators, the zones disappeared after it is broken. I just thought that may be able to change setting to keep the broken zone shown after it is broken.Ignored
Disliked{quote} Thanks for reply: I have just double checked again, and I am sure this indicator on chart I showed is not II supdem indicator. If I were not wrong, it is one of Alfonso's indicators, the zones disappeared after it is broken. I just thought that may be able to change setting to keep the broken zone shown after it is broken.Ignored
DislikedYes, I do have that D1 demand area painted, it's seen on my H4 chart with the green trendlines using my rectangle extender indicator, that's why I didn't post the D1 chart, which I have done just now on this reply. That D1 has too much trading in the zone, the only nice level I liked was that H4 demand level on my previous message. Then my next try at a long will be down lower at 91.12, a D1 demand right at Monthly Demand area.Ignored
DislikedThis "A" marked level is not a supply because its did not remove any opposite area or break trendline. {image} screengrab This "B: marked level also did not remove any opposite zone or break trendline but this one considered as supply level. This screenshot taken from ''Trading Forex supply and demand imbalances with the bigger picture trend - Webinar December 2014' I am littlebit confused after seeing this, is there anything i missed ? {image} screengrabIgnored
You are not taking into account the second scenario, there are many trendlines you can draw in the chart, once a trendline is broken you have a level.
Hope that's clearer now
Alfonso
Most of your questions/doubts will be solved by reading post #1 and watching many of the videos at the YouTube supply and demand channel. If you are serious about supply and demand, take your time to read the first post several times as well as the videos. There is a lot of information and knowledge on those videos alone.
Read Post#1 here
Thanks for your support!
Night night!
Alfonso
Disliked{quote} Dear Alfonso Pertaining to your posting on 23 May 2013 on CADJPY, can i know why you set your sight on the next long at 91.12? I thought it should be at the yellow demand zone i drew because it was a DBR and from there, there is a great imbalance powering up. Of course, i know these are now hindsights. but i still interested to know why you did not set your long at the yellow box at that time. Thank you {image}Ignored
DislikedIMPORTANT NOTICE: Dear fellow traders, I just wanted to let you know that Post #1 with the core set of rules for supply and demand has been updated. I highly recommend you to read Post #1 again. This first post contains the main rules and is to be used as a reference to build your supply and demand trading plan. What has been updated? New links to videos have been added. There are many more at the YouTube channel Definition of the trend. Consolidation, new trend and over-extension...Ignored