Supply and demand in a nutshell by Alfonso Moreno | Page 431 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #8,601
  • Jun 26, 2017 5:58am Jun 26, 2017 5:58am
Hey guys, I have a question regarding the WOW Trade:

Which of these Demand Zones marked with circles causes the break of the descending Trendline?
Circle 1 or Circle 2?

Since Circle 1 couldn't make a Full Candle above the Trendline I'd go with Circle 2. Am I correct?

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  • #8,602
  • Jun 27, 2017 3:58am Jun 27, 2017 3:58am
Hey traders. I would like to share with you one of my recent losses.

AUD/CHF Short trade. (10Pips SL)
Price hit my SL and Dropped

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The only person you are destined to become is the person you decide to be.
  • #8,603
  • Jun 27, 2017 4:19am Jun 27, 2017 4:19am
Quoting isaacpeh
EUR/NZD. Tho this trade would be breaking all the rules here , let's just see how powerful gaps as inbalence really are MN/WK Broken descending TL WK/D1/H4 Gap. Personally not gonna try that area but will keep a lookout on how it reacts. (pretty well in FT3) H4: {image} D1: {image} WK: {image} Cheers, Isaac
Just an updated on EUR/NZD. Price seems to be bouncing from unfilled gap Demand zones on the H4 nested withing the D1/WK.
Some longs may happen if WK DZ continues to hold
The only person you are destined to become is the person you decide to be.
  • #8,604
  • Jun 27, 2017 4:26am Jun 27, 2017 4:26am
Quoting isaacpeh
Hey traders. I would like to share with you one of my recent losses. AUD/CHF Short trade. (10Pips SL) Price hit my SL and Dropped {image}
Hey Isaac,

Given w1 d1 4h combo,

1. The level is not an objective sz
2. Location is too low on the curve

Cheers!
  • #8,605
  • Jun 27, 2017 4:35am Jun 27, 2017 4:35am
Quoting isaacpeh
{quote} Just an updated on EUR/NZD. Price seems to be bouncing from unfilled gap Demand zones on the H4 nested withing the D1/WK. Some longs may happen if WK DZ continues to hold
My buy limit somehow got triggered a while ago. Now I'm 125+ pips up. Not to boast, but i did not expect price to reach my buy limit today. I was expecting like 2 more days like that.

Somehow around london open, surge of liquidity was in pushing price lower, allowing the institutions to trigger their long orders and pushed price higher. EURNZD has rose 0.25% today.
i just want to make 10% gain a month.
  • #8,606
  • Jun 27, 2017 4:41am Jun 27, 2017 4:41am
Dear Alfonso.
Could you possibly tell me why this short trade did not work?
GBP/USD.

 

  1. MN/WK supply in in control
  2. H4 SZ nested within D1 SZ
  3. Entry on D1 DZ proximal line. SL on H4 Distal line. (10pips wiggle)

WK:

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D1:
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H4:
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The only person you are destined to become is the person you decide to be.
  • #8,607
  • Jun 27, 2017 4:46am Jun 27, 2017 4:46am
Quoting jamaa
{quote} Hey Isaac, Given w1 d1 4h combo, 1. The level is not an objective sz 2. Location is too low on the curve Cheers!
Thanks for your reply Jama ,

Sorry but on which TF am i low on the curve?

Cheers,
Isaac
The only person you are destined to become is the person you decide to be.
  • #8,608
  • Jun 27, 2017 4:48am Jun 27, 2017 4:48am
Quoting amnrsln
{quote} My buy limit somehow got triggered a while ago. Now I'm 125+ pips up. Not to boast, but i did not expect price to reach my buy limit today. I was expecting like 2 more days like that. Somehow around london open, surge of liquidity was in pushing price lower, allowing the institutions to trigger their long orders and pushed price higher. EURNZD has rose 0.25% today.
I guess nested gap zones will be a true exception to the rules Im waiting for confirmation on that pair! Great trade tho!
The only person you are destined to become is the person you decide to be.
  • #8,609
  • Jun 27, 2017 5:02am Jun 27, 2017 5:02am
Quoting isaacpeh
{quote} Thanks for your reply Jama , Sorry but on which TF am i low on the curve? Cheers, Isaac
Hi Isaac,

Obviously the weekly per my comments on post 8604. There are other considerations which are beyond this thread.

Trade safe
  • #8,610
  • Jun 27, 2017 5:08am Jun 27, 2017 5:08am
Quoting isaacpeh
{quote} I guess nested gap zones will be a true exception to the rules Im waiting for confirmation on that pair! Great trade tho!
The beauty of Supply & Demand.
i just want to make 10% gain a month.
  • #8,611
  • Jun 27, 2017 5:11am Jun 27, 2017 5:11am
Quoting jamaa
{quote} Hi Isaac, Obviously the weekly per my comments on post 8604. There are other considerations which are beyond this thread. Trade safe
Am i missing something?

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The only person you are destined to become is the person you decide to be.
  • #8,612
  • Jun 27, 2017 9:49am Jun 27, 2017 9:49am
Quoting isaacpeh
Dear Alfonso. Could you possibly tell me why this short trade did not work? GBP/USD. MN/WK supply in in control H4 SZ nested within D1 SZ Entry on D1 DZ proximal line. SL on H4 Distal line. (10pips wiggle) WK: {image} D1: {image} H4: {image}
Weekly demand was almost hut, too low, no shorts. Cheers
Set and Forget supply and demand trading community
  • #8,613
  • Jun 27, 2017 1:11pm Jun 27, 2017 1:11pm
Hi Alfonso and fellow traders. What do you think of my areas? It's correct? Thanks
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I am sorry, i speak English a little bit
  • #8,614
  • Jun 27, 2017 9:06pm Jun 27, 2017 9:06pm
Quoting BogdanM.ua
Hi Alfonso and fellow traders. What do you think of my areas? It's correct? Thanks {image}
The WK blue supply did not accomplish anything, therefore it's not a zone.
The only person you are destined to become is the person you decide to be.
  • #8,615
  • Edited 11:34pm Jun 27, 2017 10:36pm | Edited 11:34pm
Dear Alfonso,

The USDCAD appears to be in an uptrend on monthly. The weekly and daily are on a downtrend. Price is approaching a demand zone on weekly and daily. I'm looking to go long somewhere in green area on weekly and daily. Can you tell me if I'm reading this setup correctly? Is this a good level to go long?

Thank you

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  • #8,616
  • Jun 28, 2017 3:34am Jun 28, 2017 3:34am
Quoting kojih
Dear Alfonso, The USDCAD appears to be in an uptrend on monthly. The weekly and daily are on a downtrend. Price is approaching a demand zone on weekly and daily. I'm looking to go long somewhere in green area on weekly and daily. Can you tell me if I'm reading this setup correctly? Is this a good level to go long? Thank you {image}
You have to be aware that Monthly supply is in control. But since there's the monthly up trendline as a confluence, I believe it's best to wait for confirmation on the WK and D1 time frames before going long.

Cheers,
Isaac
The only person you are destined to become is the person you decide to be.
  • #8,617
  • Jun 28, 2017 10:41am Jun 28, 2017 10:41am
Quoting kojih
Dear Alfonso, The USDCAD appears to be in an uptrend on monthly. The weekly and daily are on a downtrend. Price is approaching a demand zone on weekly and daily. I'm looking to go long somewhere in green area on weekly and daily. Can you tell me if I'm reading this setup correctly? Is this a good level to go long? Thank you {image}
It's read incorrectly, monthly is not in an uptrend since one monthly demand level has been eliminated.
Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,618
  • Jun 28, 2017 10:48am Jun 28, 2017 10:48am
There were many trade that's working right now. I have failed to execute because of the lack of confidence & screen time. Will post some i would have taken later if i have the time.
The only person you are destined to become is the person you decide to be.
  • #8,619
  • Jun 29, 2017 9:11am Jun 29, 2017 9:11am
Quoting panoramia
{quote} Nojak, be VERY careful about correlation, it does not work always, it actually doesn't work most of the time. If Gold and AUDUSD were so highly correlated the charts would be very similar, but they are not. Be very careful with that. Trading is very difficult, it will be even more difficult if you start adding parameters you can't control like correlation, I personally don't take correlation into consideration. if there is a great level of imbalance that rules allow me to take I will ALWAYS trade it no matter how correlated it is with another...
Dear Alfonso,

Thank you for advice!
  • #8,620
  • Edited 1:14pm Jun 29, 2017 12:57pm | Edited 1:14pm
Quoting isaacpeh
{quote} Am i missing something? {image} {image} {image}
Hey Isaac,

What I'm saying is there're some pieces of the skillset that are beyond the scope of this thread. In dealing with this type of scenario, we apply microscoping technique in order to have a magnified picture of the imbalance real time. I like keeping it simple, hence those observations in post 8604 which are enough to keep you out of loosing trades.

An easier trade is to wait for price to drop to an objective dz and go long as shown in the screenshot below:

Cheers!
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