Supply and demand in a nutshell by Alfonso Moreno

Quoting Axlz

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I can't find any good levels on the 1H to go long on silver or gold. Any suggestions?

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Quoting Axlz

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I can't find any good levels on the 1H to go long on silver or gold. Any suggestions?

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Quoting panoramia

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{quote} Just a quick thing, I didn't look at gold or silver yet... Let me make it pretty clear, this is KEY: If you don't find any good levels for your entry, DON'T TRADE. That simple. That's the number 1 rule, the most important one. If you don't see a very clear and obvious setup according to the rules, don't trade that symbol. Alfonso

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Quoting panoramia

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{quote} {quote} I agree with Sebastian that Gold is on weekly supply Axlz, that long is not allowed, we've done a through analysis on gold some posts back. That long can work, like any SD level, but location is super important, and rules are rules, you shouldn't break them. Once you break them, if you have success, then you're dommed to lose, it's the worst thing that can happen to someone breaking a rule: breaking it and winning. When we are in a weekly supply we shouldn't be looking for longs, those are the rules, as simple as that. If you are...

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Quoting panoramia

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I've been working on correlations for the last couple of days. I know many pairs are correlated with commodities, indexes, gold, copper, etc. But I wanted to work on correlations mainly amongst currency pairs for now. I've taken information from several sites and used an indicator that overlaps 2 pairs on top of each other to verify that correlation exists and to which degree. The table below is a correlation table for 120 days on the DAILY chart. Remember this, it is key: Correlations are not exact and they don't work always They be used to have...

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Quoting isko

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Hi everyone, it's great to have time to drop by in the forum, so many things I've missed. Anyway, while reading, this caught my attention and it confuses me a lot. Example: You are an INTRADAY TRADER and your trading configuration are just the D1/H4/H1 TF's, and you watched the Gold breaking the D1 Supply? What will be your reaction to it? {quote}

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Quoting Axlz

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{quote} FIrstly, check how far away the next D1 supply is. If it's right on top, then its probably a good idea to wait, as you'll be too high in the curve to risk longs for a good R:R. If there is no supply level for a good distance, then switch to H1/H4, check for demand levels (basings or speedbumps) and trade off of them long. You need to use the scoring chart to judge how good a level is, and then place limit orders.

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Quoting panoramia

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{quote} Hi Mfinab! Find attached my D1/W1/MN supply and demand Open Office Calc spreadsheet. I've not had time to check if all of them are ok or not. I didn't update it since yesterday, but they should be the same. Off to some lunch and rest! Let's see what the market brings tomorrow, will take a look at the charts tonight for 1 hour and see. Alfonso {file}

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Quoting panoramia

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{quote} We're too high in the WK supply curve, bouncing of WK supply. We're in the middle of the curve in the Monthly chart. The D1 ascending trendline joining last 2 obvious valleys has been solidly broken as well. That D1 demand is valid but against the new market dynamics. If anything, a confirmation trade to go long. We could bounce off D1 demand, rally towards the purple (non-confirmed D1 speedbump supply since it didn't absorb previous demand) and then continue its way down.

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Quoting bobyv87

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what you say about usdcad? Daily - closer to supply, h1 - fresh levels with trendline broken! {image} {image}

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Quoting donfriday

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{quote} GOLD i checked from my daily and 4hrs i think demand as already took place all you can do now is to wait for supply zone to hit

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Quoting sebkor6

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Sell eur cad weekly and daily supply. H1 TL was broken. Took first supply zeone. {image} {image}

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Quoting bobyv87

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GBPUSD - D1 uptrend, H1 - fresh and original level. What do you thing? {image} {image}

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Quoting panoramia

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{quote} Hi Boby! Refer to a previous post in last page where we talked about gbpusd D1 demand. We're bouncing off WK and D1 supply, we want confirmation if anything. Original an fresh levels are good for set & forget, but the higher timeframes show there is a lot of room for the pound to drop. Confirmation trade if anything would be my view on it. If the D1 demand is broken, the top D1 purple supply will be validated and even lower H4/H1 levels will be valid to keep on shorting the pound. But anything can happen, at this moment in time I would do...

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