Supply and demand in a nutshell by Alfonso Moreno | Page 433 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Supply and Demand Zones 57 replies

Price movement as a function of Supply and Demand 43 replies

Supply and demand zones and EW principles 1 reply

How Markets Work, in a Nutshell! 32 replies

Demand and Supply 1 reply

Attachments: Supply and demand in a nutshell by Alfonso Moreno
Exit Attachments

Supply and demand in a nutshell by Alfonso Moreno

  • #8,641
  • Jul 17, 2017 3:39am Jul 17, 2017 3:39am
Weekly downtrend on Dollar Index DXY. Shorts at weekly and daily supply zones around 97 price area. Room for price to drop to opposing tested weekly demand level. New potential weekly supply zones being created lower at 95.55. Short bias.

Attached Image (click to enlarge)
Click to Enlarge Name: dollar_index_dxy_supply_levels.png Size: 78 KB


Supply and demand trading analysis and strategy
Set and Forget supply and demand trading community
  • #8,642
  • Jul 17, 2017 3:41am Jul 17, 2017 3:41am
Quoting drfrankm
I hope that I did this right. I am still reading the first to pages of this thread. But it certainly looks interesting. Alfonso's daily candle trading is more in line in what I would like to do. {image}
That is not a valid short on EURUSD H4 supply zone, very bad level, tested already, not allowed by the rules.
Cheers,
Alfonson
Set and Forget supply and demand trading community
  • #8,643
  • Jul 17, 2017 12:20pm Jul 17, 2017 12:20pm
Hey panoramia,

Just occasionally came across this thread - Supply and Demand stuff - and its good! If by any chance you have some articles on this topic I can share it on my website and my FB. I'm looking for high-quality, interesting, maybe even experiments-backed articles - not some shitty stuff "how to make 1 zillion out of 1 buck in 24 hours"
www(.)darkmindfx(.)com - free COT and US economic indicators
  • #8,644
  • Jul 18, 2017 7:53am Jul 18, 2017 7:53am
Quoting omarr
Hello Alfonso and friends, good day. (EURGBP) Weekly supply in control and there's a Bearish Engulfing. Short bias. {image} Daily supply being created, demand eliminated, and there's a Dark Cloud Cover. Not 2:1 but got 2 ERC candle move away from the zone. Short bias. {image} H4 supply being created, demand eliminated. I'm not gonna take short at CP supply around 88000, not higher odds because Daily demand is in control. But with confluence EMA 50 it could work, maybe. Gonna take short around 88580. {image} Please correct me if i'm wrong. Cheers...
My trade on EURGBP was a loss, and i think i know why, if you guys look on the previous weekly chart,
there's a used up demand zone around 87480, didn't draw the zone, i just noticed it.
Price bounce from daily demand within weekly demand zone. Not a good idea to short.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 14 KB


Mr Alfonso, what do you think?

Thanks
  • #8,645
  • Jul 19, 2017 8:38am Jul 19, 2017 8:38am
Quoting omarr
{quote} My trade on EURGBP was a loss, and i think i know why, if you guys look on the previous weekly chart, there's a used up demand zone around 87480, didn't draw the zone, i just noticed it. Price bounce from daily demand within weekly demand zone. Not a good idea to short. {image} Mr Alfonso, what do you think? Thanks
That Weekly imbalance you drew on eurgbp is not a valid demand zone. I don't know if you took a long or a short, neither of them is possible now.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,646
  • Jul 19, 2017 10:48am Jul 19, 2017 10:48am
Quoting panoramia
{quote} That Weekly imbalance you drew on eurgbp is not a valid demand zone. I don't know if you took a long or a short, neither of them is possible now. Cheers, Alfonso
Hello Alfonso, thanks for the replied, i took a short at fresh daily supply within weekly supply.
The demand zone on the weekly is not valid?? You mean its not a demand zone or it is a demand zone
but not valid because its not 2:1 imbalance? Because according to your rule, it do absorbed supply zone at the left,
and a zone is a zone even it is not 2:1 right?

Sorry for a lot of asking Alfonso
  • #8,647
  • Jul 19, 2017 11:09am Jul 19, 2017 11:09am
Quoting omarr
{quote} Hello Alfonso, thanks for the replied, i took a short at fresh daily supply within weekly supply. The demand zone on the weekly is not valid?? You mean its not a demand zone or it is a demand zone but not valid because its not 2:1 imbalance? Because according to your rule, it do absorbed supply zone at the left, and a zone is a zone even it is not 2:1 right? Sorry for a lot of asking Alfonso
It's not a demand zone. It did not take out any valid supply. That previous peak isn't a supply because it didn't take out any valid demand..

Even if zone removed an opposing zone, it's still a zone be it if it created 2:1 or not. It's just not a good zone to trade at because it didn't create 2:1.

Either way. The TL was broken even before it hit your entry. Unless it's nested within a HTF supply. That trade should've been canceled. It was a really aggressive trade.

Personally for reversal or counter trend trades like this. I would wait for both the D1 and H4 TL to be broken and trading the pullback into supply created! Just a less aggressive way to find entries.

cheers,
isaac
The only person you are destined to become is the person you decide to be.
  • #8,648
  • Jul 20, 2017 7:45am Jul 20, 2017 7:45am
Quoting isaacpeh
{quote} It's not a demand zone. It did not take out any valid supply. That previous peak isn't a supply because it didn't take out any valid demand.. Even if zone removed an opposing zone, it's still a zone be it if it created 2:1 or not. It's just not a good zone to trade at because it didn't create 2:1. Either way. The TL was broken even before it hit your entry. Unless it's nested within a HTF supply. That trade should've been canceled. It was a really aggressive trade. Personally for reversal or counter trend trades like this. I would wait for...
I see, noted Isaac, thanks for the explanation even though i dont understand lol sorry man
Have to take the advance class with the set and forget community i guess.
  • #8,649
  • Jul 20, 2017 7:58am Jul 20, 2017 7:58am
Quoting omarr
{quote} I see, noted Isaac, thanks for the explanation even though i dont understand lol sorry man Have to take the advance class with the set and forget community i guess.
sorry i guess I said too much! Simply put. The demand you drew was not a demand because it did not take out any supply or break any TL That's about it!

There may be supply or demand levels any and everywhere. But not all of them are tradable!
The only person you are destined to become is the person you decide to be.
  • #8,650
  • Jul 20, 2017 8:29am Jul 20, 2017 8:29am
Quoting isaacpeh
{quote} sorry i guess I said too much! Simply put. The demand you drew was not a demand because it did not take out any supply or break any TL That's about it! There may be supply or demand levels any and everywhere. But not all of them are tradable!
I see, got it. Thanks man
  • #8,651
  • Jul 23, 2017 2:33pm Jul 23, 2017 2:33pm
Quoting foxtrader16
{quote} Both the W1 and D1 trend is up and momentum line is not broken. Is it a good idea to trade against that ? All the best tho
Thanks
  • #8,652
  • Jul 24, 2017 2:51pm Jul 24, 2017 2:51pm
Forex major GBPUSD is in a monthly downtrend with a supply zone in control, potential shorts can happen. In a downtrend supply imbalances are respected and demand imbalances are removed.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 190 KB


Supply and demand forex trading strategy and analysis
Set and Forget supply and demand trading community
  • #8,653
  • Jul 26, 2017 12:16am Jul 26, 2017 12:16am
I screwed up on this one #GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpypro-h4-gain-capital-group-i-screwed-up.png Size: 46 KB
  • #8,654
  • Jul 26, 2017 3:22am Jul 26, 2017 3:22am
Quoting drfrankm
I screwed up on this one #GBPJPY {image}
Not a good idea to chase trades, patience is key in life and even more in trading, you know what I mean. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #8,655
  • Jul 26, 2017 4:36am Jul 26, 2017 4:36am
I want this indicator
Attached Image
  • #8,656
  • Jul 26, 2017 11:39pm Jul 26, 2017 11:39pm
Quoting compulab
I want this indicator {image}
That indicator is not available sorry, it's part of the www.set-and-forget.com indicators package and requires username and password, sorry.
Alfonso
Set and Forget supply and demand trading community
  • #8,657
  • Jul 27, 2017 11:12am Jul 27, 2017 11:12am
Forex exotic USDCZK is dropping on the monthly and creating a brand new supply imbalance for potential shorts at daily and weekly supply levels. In an downtrend supply levels are respected and demand levels removed. Short bias on USDCZK.

Attached Image (click to enlarge)
Click to Enlarge Name: usdczk_supply_shorts_forex-1024x388.png Size: 131 KB


Cheers,
Alfonso
Supply and demand trading analysis and strategy
Set and Forget supply and demand trading community
  • #8,658
  • Jul 28, 2017 2:15am Jul 28, 2017 2:15am
Forex cross pair NZDCAD is rallying after hitting higher timeframe confluences and creating new demand levels on the daily. Weekly demand zone is in control as well

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 161 KB


Cheers,
Alfonso
Supply and demand trading analysis and strategy
Set and Forget supply and demand trading community
  • #8,659
  • Jul 28, 2017 5:15am Jul 28, 2017 5:15am
Quoting compulab
I want this indicator {image}
I Think it is Law Girl trend display indicator.
  • #8,660
  • Jul 28, 2017 3:40pm Jul 28, 2017 3:40pm
Quoting esanjayplaye
{quote} I Think it is Law Girl trend display indicator.
No it is not, it's a custom indicator that I've created to detect the trendline breaks and potential imbalances on many timeframes. Have a nice weekend! Alfonso
Set and Forget supply and demand trading community
5 traders viewing now