Supply and demand in a nutshell by Alfonso Moreno | Page 464 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #9,261
  • Jun 3, 2018 10:17am Jun 3, 2018 10:17am
Quoting Neil0163
I have a similar view to your self, I’m waiting to see if anymore new levels of demand are created. to take out the supply. If we could pull back to weekly supply area this could form a H&S, I’ve measured the target and it would come in right at that monthly demand level. I’m fighting weather or not to classify huge pin bar as a touch of that weekly demand zone and only reason being is when I look at the weekly on dollar index I have a pin bar formed right in weekly supply level. Also if we got the pull back I think the MA would have nice confluence....
Hi Neil,

Thanks for sharing your thoughts.

I guess there is something in your comment that i have missed when i analized this chart. Price is currently very extended so there might be some pullback/correction on the way down, and probably the correction is happening right now, with the weekly pinbar as the sign.

Speaking about the pinbar, it is about 80 pips away from the next demand area on weekly, so i think it would be too wide of a distance to take it as a touch, is it correct?

One question though, if the weekly chart have the possibility of forming a correction, does this mean that the EURUSD pair is not available to sell for at least about the next 1 week? because price have to reach the weekly demand CP before continue moving down?

What do you think about my decision selling on the new supply area right after a demand get broken? Is it to hasty?

Meanwhile, i will wait for Alfonso's response too.

Thank you,
Ivan
Ask, and it is given. Every single time, no exceptions.
  • #9,262
  • Edited 4:50pm Jun 3, 2018 4:22pm | Edited 4:50pm
Quoting panoramia
AUDNZD forex cross pair offers buy opportunities with monthly demand level at 1.0542 in control. There is a previous monthly demand imbalance in control from lower around 1.0328. There is a clear long bias with new weekly and daily demand zones being created and respected, whereas supply levels are being eliminated and not respected. Room to rally to older weekly supply zone around 1.0984. Longs at weekly and demand demand levels right now. Watch the video in the link below SUPPLY...
Hello, Alfonso!

Hope you are doing good!

I am now re-reading the e-book uploaded on set-and-forget website an want to confirm two things with you:

1) Please clarify, do you mean that to confirm a new imbalance both of the rules have to be met or either one of them has to be met to confirm new imbalance? Page 31 of 73 from your ebook, also refer to screen shot below.


2) From your video AUD/NZD that was posted on 14th May 2018, you are saying that there is a monthly demand in control (demand zone from 1.05425 to 1.03718). Could you please elaborate what that zone has accomplished apart from breaking a descending monthly trend line? From my understanding and what you say in ebook: a new demand/ supply is confirmed when a trendline is broken and opposing level is taken out (in this case a supply level should be taken out by the demand level you are referring to in your video and post [1.05425 to 1.03718]) but I do not see any supply levels on monthly chart being taken out by this demand zone... So I am confused how these two rules work that I mentioned in point 1 together with the information you are presenting in your video/ post.


Best regards,
Richard
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  • #9,263
  • Jun 4, 2018 1:00am Jun 4, 2018 1:00am
Quoting SweetPapaya
{quote} Hello, Alfonso! Hope you are doing good! I am now re-reading the e-book uploaded on set-and-forget website an want to confirm two things with you: 1) Please clarify, do you mean that to confirm a new imbalance both of the rules have to be met or either one of them has to be met to confirm new imbalance? Page 31 of 73 from your ebook, also refer to screen shot below. 2) From your video AUD/NZD that was posted on 14th May 2018, you are saying that there is a monthly demand in control (demand zone from 1.05425 to 1.03718). Could you please...
You said that Richard... a new demand/ supply is confirmed when a trendline is broken and opposing level is taken out and that is what has exactly happened on AUDNZD.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #9,264
  • Jun 4, 2018 10:04am Jun 4, 2018 10:04am
Quoting panoramia
{quote} You said that Richard... a new demand/ supply is confirmed when a trendline is broken and opposing level is taken out and that is what has exactly happened on AUDNZD. Cheers, Alfonso
Hello, Alfonso!

I appreciate your time and response. Could you please specify on monthly chart from the chart attached below, which monthly supply level has been taken out by the demand level I have pointed to? I see only a break of descending trendline.


Best regards,
Richard
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  • #9,265
  • Jun 4, 2018 1:41pm Jun 4, 2018 1:41pm
Quoting SweetPapaya
{quote} Hello, Alfonso! I appreciate your time and response. Could you please specify on monthly chart from the chart attached below, which monthly supply level has been taken out by the demand level I have pointed to? I see only a break of descending trendline. Best regards, Richard {image}
Richard, no supply elimianted. There are two rules, one is supply level being eliminated, another one bearish trendline break. You said that in your initial post. You have already answered your question but you are not seeing it. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #9,266
  • Jun 4, 2018 11:49pm Jun 4, 2018 11:49pm
Quoting panoramia
{quote} Richard, no supply elimianted. There are two rules, one is supply level being eliminated, another one bearish trendline break. You said that in your initial post. You have already answered your question but you are not seeing it. Cheers, Alfonso
Thank you, Alfonso! I understand now.


Cheers!
Richard
  • #9,267
  • Jun 7, 2018 6:04pm Jun 7, 2018 6:04pm
Nasdaq Index has broken all time highs again and the counter trend weekly supply level around 7040. There is a brand new weekly demand zone created around 7000 for a long term long setup. Similar scenarios happening on Russell 2000 index and potentially on S&P500 and Dow Jones Industrial Average index.

Watch NASDAQ video analysis here

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Set and Forget supply and demand trading community
  • #9,268
  • Jun 9, 2018 3:31pm Jun 9, 2018 3:31pm
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Hello Alfonso,this is my first chart post,daily chart trendline has been broken H4 chart aggressive trendline broken and forming new supply zone and the H1 chart previous trendline broken new trendline formed and new supply zone not sure if an aggressive trendline is allowed yet in the H1....please would like to know your mind on the charts and a proper analysis,seems like am missing something

Thanks in advance.
  • #9,269
  • Jun 10, 2018 11:56pm Jun 10, 2018 11:56pm
Quoting Diddyy
{image}{image}{image} Hello Alfonso,this is my first chart post,daily chart trendline has been broken H4 chart aggressive trendline broken and forming new supply zone and the H1 chart previous trendline broken new trendline formed and new supply zone not sure if an aggressive trendline is allowed yet in the H1....please would like to know your mind on the charts and a proper analysis,seems like am missing something Thanks in advance.
You are not following the rules to draw trendlines. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #9,270
  • Jun 10, 2018 11:57pm Jun 10, 2018 11:57pm
Forex exotic EURHUF is rallying very strongly, creating new levels of weekly demand for potential longs at around 311.7 so here is where we will be looking for trades. In an uptrend supply zones are removed and demand imbalances and levels are respected.

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Forex and Stocks supply and demand analysis
Set and Forget supply and demand trading community
  • #9,271
  • Jun 11, 2018 2:47am Jun 11, 2018 2:47am
Quoting panoramia
{quote} You are not following the rules to draw trendlines. Cheers, Alfonso
Hello Alfonso, thanks for the reply, i am trying to put all the rules together still a bit confused.Can you please give some advice on my analysis on EURUSD and help me point out mistakes and rules that i obviously missed..Thanks
  • #9,272
  • Jun 12, 2018 1:12am Jun 12, 2018 1:12am
Quoting Diddyy
{quote} Hello Alfonso, thanks for the reply, i am trying to put all the rules together still a bit confused.Can you please give some advice on my analysis on EURUSD and help me point out mistakes and rules that i obviously missed..Thanks
Connect the latest two valleys and peaks and you should be fine, you are not reading price action therefore you are making those mistakes. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #9,273
  • Jun 12, 2018 10:12am Jun 12, 2018 10:12am
Hello Alfonso,thank you for your reply,really good work you are doing.I just want to mention on page 19 on this thread,july 3 2013 you had your first webinar,tried to access the video but says video not available, video is 3hrs long as you said so went on youtube, and its not there,is there anyway i can get to watch that video please?

Thank you.
  • #9,274
  • Jun 13, 2018 1:54pm Jun 13, 2018 1:54pm
Quoting Diddyy
Hello Alfonso,thank you for your reply,really good work you are doing.I just want to mention on page 19 on this thread,july 3 2013 you had your first webinar,tried to access the video but says video not available, video is 3hrs long as you said so went on youtube, and its not there,is there anyway i can get to watch that video please? Thank you.
There are videos that have been eliminated and are no longer available sorry. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #9,275
  • Jun 13, 2018 2:35pm Jun 13, 2018 2:35pm
Looking for short trade as price is retracing into that supply n' its in form of a bearish flag formation on lower time frame.
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  • #9,276
  • Jun 13, 2018 4:03pm Jun 13, 2018 4:03pm
Hello Alfonso, this is EURAUD weekly,is my analysis right or did i miss something?
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  • #9,277
  • Jun 15, 2018 12:03am Jun 15, 2018 12:03am
Quoting Diddyy
Hello Alfonso, this is EURAUD weekly,is my analysis right or did i miss something?{image}
You are not drawing trendlines as per the rules. Cheers
Set and Forget supply and demand trading community
  • #9,278
  • Jun 15, 2018 12:04am Jun 15, 2018 12:04am
Quoting MuzoFX
Looking for short trade as price is retracing into that supply n' its in form of a bearish flag formation on lower time frame. {image}
Oil has weekly demand zone in control, it's suicide to trade shorts against it my friend, but each to its own. This is when top down analysis is needed, you just uploaded the daily chart, the daily chart alone is useless to make a trading decision. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #9,279
  • Jun 15, 2018 4:29am Jun 15, 2018 4:29am
Quoting panoramia
{quote} You are not drawing trendlines as per the rules. Cheers
But i thought where i drew the trendlines looked like the latest 2 valleys, almost similar to the chart you posted on june 11 2018,(where the trendline was connected to a demand zone that made a valley) but i guess am wrong i would appreciate it if you could show me on a chart..
  • #9,280
  • Jun 15, 2018 8:12am Jun 15, 2018 8:12am
Hello, Alfonso!

Hope all is well.

I was wondering if the candle marked in red in screen shot below is considered a monthly zone? Could you please give me your input.


Cheers!
Rihards
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