Supply and demand in a nutshell by Alfonso Moreno | Page 449 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #8,961
  • Dec 20, 2017 1:57am Dec 20, 2017 1:57am
Gold short entry
will see how it plays out
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  • #8,962
  • Dec 20, 2017 5:52am Dec 20, 2017 5:52am
Quoting Deman-Uc
Gold short entry will see how it plays out {image} {image}
Good luck! I wouldn't short the pair at that spot in the now moment because it's LOC.

Cheers!
  • #8,963
  • Dec 20, 2017 5:58am Dec 20, 2017 5:58am
Quoting jamaa
{quote} Good luck! I wouldn't short the pair at that spot in the now moment because it's LOC. Cheers!
PLEASE what is LOC?
  • #8,964
  • Dec 20, 2017 6:00am Dec 20, 2017 6:00am
Quoting Deman-Uc
{quote} PLEASE what is LOC?
Low on curve
The only person you are destined to become is the person you decide to be.
  • #8,965
  • Dec 21, 2017 12:48am Dec 21, 2017 12:48am
Forex cross pair EURCAD is rallying and creating brand new weekly demand zones for potential longs. In an uptrend supply levels are removed and demand zones and imbalances are respected.

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Set and Forget supply and demand trading community
  • #8,966
  • Dec 21, 2017 3:26am Dec 21, 2017 3:26am
Quoting panoramia
Forex cross pair EURCAD is rallying and creating brand new weekly demand zones for potential longs. In an uptrend supply levels are removed and demand zones and imbalances are respected. {image}
Looking forward to go long if price come down to 1.4798 located at Daily DZ.

Cheers!
  • #8,967
  • Dec 21, 2017 10:36pm Dec 21, 2017 10:36pm
Quoting jamaa
{quote} Looking forward to go long if price come down to 1.4798 located at Daily DZ. Cheers!
Supported. In a larger TF sideways trend, buying at an objective DZ low on the curve is high odd.

Cheers!
  • #8,968
  • Dec 24, 2017 1:51pm Dec 24, 2017 1:51pm
Merry Chistmas fellow traders!!! FELIZ NAVIDAD!!!
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I am sorry, i speak English a little bit
  • #8,969
  • Dec 26, 2017 12:12am Dec 26, 2017 12:12am
Quoting BogdanM.ua
Merry Chistmas fellow traders!!! FELIZ NAVIDAD!!! {image}
Merry Christmas to you and everyone following the thread. Feliz Navidad! Enjoy the rest of the holidays!
Alfonso
Set and Forget supply and demand trading community
  • #8,970
  • Dec 26, 2017 8:20am Dec 26, 2017 8:20am
Hello everybody,

I've got 3 questions regarding correlations.
Example, just so we are on the same page: I'm shorting EURUSD, DXY is at demand = more odds on my side


Question # 1
Say I'm trading AUDUSD, can I use DXY?
I mean, does the other than USD currency in the pair (in this example AUD) have to be a part of the dollar index or is the only thing that matters if the other currency is paired with USD regardless if the other currency is one of the six currencies that make DXY or not?

Question # 2
Basically the same question but for stocks.
Say that TATA Motors was not that important and therefore, was not a part of NIFTY.
E.g.: TATA (not a part of NIFTY for the sake of my point) at supply & NIFTY at supply, would that increase my odds?

Question # 3
What if I'm shorting USDJPY?
In the very first example with the EURUSD, I need DXY to be at demand because EUR is in this currency pair the base currency.
But what if I'm trading USDJPY? The USD is not a quote currency anymore, it's base currency now.
So, if I wanted to short the USDJPY, I would need the DXY to be at supply. Is my thinking correct?

How Can Mirrors Be Real If Our Eyes Aren't Real - Jaden Smith
  • #8,971
  • Dec 26, 2017 8:49am Dec 26, 2017 8:49am
Quoting papabless
Hello everybody, I've got 3 questions regarding correlations. Example, just so we are on the same page: I'm shorting EURUSD, DXY is at demand = more odds on my side Question # 1 Say I'm trading AUDUSD, can I use DXY? I mean, does the other than USD currency in the pair (in this example AUD) have to be a part of the dollar index or is the only thing that matters if the other currency is paired with USD regardless if the other currency is one of the six currencies that make DXY or not? Question...
Well, you are adding a lot of complexity to what is already very complex. Each asset is independent, some are correlated sometimes and sometimes they are not. Make sure you are not adding more than 2-3 positions using the same cross pair.

Some stocks are correlated to its index sometimes, sometimes not, I just trade supply and demand imbalances not its correlation. You can obviously add all kind of complex rules to your trading plan using correlation, not for me though, I keep things as simple as possible

Merry Xmas
Alfonso
Set and Forget supply and demand trading community
  • #8,972
  • Dec 26, 2017 8:51am Dec 26, 2017 8:51am
Forex cross pair NZDCAD is rallying and creating a new weekly demand imbalance for potential longs. In an uptrend supply levels are removed and demand zones and levels are respected.

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How to trade stocks and Forex using supply and demand imbalances
Set and Forget supply and demand trading community
  • #8,973
  • Dec 26, 2017 9:42pm Dec 26, 2017 9:42pm
Quoting papabless
Hello everybody, I've got 3 questions regarding correlations. Example, just so we are on the same page: I'm shorting EURUSD, DXY is at demand = more odds on my side Question # 1 Say I'm trading AUDUSD, can I use DXY? I mean, does the other than USD currency in the pair (in this example AUD) have to be a part of the dollar index or is the only thing that matters if the other currency is paired with USD regardless if the other currency is one of the six currencies that make DXY or not? Question...
Hello papabless,
If correlation matters to you, then you have to also look at inter market correlations. For example when dealing with AUDUSD, you have to look at the price of gold, copper, iron ore, Chinese economy and NZD. For NZD, you look at Dairy market, AUD. For CAD you look at oil, for JPY and CHF you look at equities (risk tone).

Cheers!
  • #8,974
  • Dec 26, 2017 10:51pm Dec 26, 2017 10:51pm
Quoting jamaa
{quote} Hello papabless, If correlation matters to you, then you have to also look at inter market correlations. For example when dealing with AUDUSD, you have to look at the price of gold, copper, iron ore, Chinese economy and NZD. For NZD, you look at Dairy market, AUD. For CAD you look at oil, for JPY and CHF you look at equities (risk tone). Cheers!
Looks like a full-time job to me.

I will leave that to the adventurous and just focus on making some good ole $$
Live life king size !
  • #8,975
  • Dec 27, 2017 1:09am Dec 27, 2017 1:09am
Quoting foxtrader16
{quote} Looks like a full-time job to me. I will leave that to the adventurous and just focus on making some good ole $$
Hello foxtrader,

Intermarket correlation analysis is a significant odd enhancer. Not a big deal once you got a handle on it

Cheers!
  • #8,976
  • Dec 27, 2017 8:43am Dec 27, 2017 8:43am
First of all thanks for this great work Alfonso
I'm trying to read and Learn as much as I can every day

I'm looking to buy AUD/USD at 0.77150
there is another buy possibility at 0.76610 but i think Price take to much time on this zone
so it may be not a good Idea to buy from there ?

this is the daily chart please correct me if I'm wrong (Still Learning)
Tanks again for this great work
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  • #8,977
  • Dec 27, 2017 10:46am Dec 27, 2017 10:46am
Hi Guys,

I am new to this forum. I have an idea about Forex but I came from a different strategy. I started to follow Alfonso short time ago and I started to read the book and watch the videos. I am trying to draw the trend lines based on two peaks or valleys. I started with the monthly chart for AUDUSD. Kindly check it below. I appreciate your feed back. Kindly be informed that I drew only the most recent trend lines
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  • #8,978
  • Dec 27, 2017 11:32am Dec 27, 2017 11:32am
Quoting Ghanam
Hi Guys, I am new to this forum. I have an idea about Forex but I came from a different strategy. I started to follow Alfonso short time ago and I started to read the book and watch the videos. I am trying to draw the trend lines based on two peaks or valleys. I started with the monthly chart for AUDUSD. Kindly check it below. I appreciate your feed back. Kindly be informed that I drew only the most recent trend lines {image}
Welcome Ghanam
I'm new to this Strategy too
so Please Wait for confirmation from Older members

from what i understand until now
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  • #8,979
  • Dec 28, 2017 12:39am Dec 28, 2017 12:39am
Forex cross pair EURJPY is rallying and creating brand new daily demand imbalances for potential longs. In an uptrend supply levels are removed and demand zones and imbalances

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How to trade stocks and Forex using supply and demand imbalances
Set and Forget supply and demand trading community
  • #8,980
  • Dec 29, 2017 12:48am Dec 29, 2017 12:48am
Lufthansa AG #LHA German Stock supply and demand long term analysis. Clear long bias with new monthly and weekly demand zones being created and respected. Strong long term monthly demand level created around 20 for long term buy setups.

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