Supply and demand in a nutshell by Alfonso Moreno | Page 470 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #9,381
  • Sep 5, 2018 9:29am Sep 5, 2018 9:29am
Quoting Merka
{quote} If you use MWD obviously you will have less setups and maybe they will end up to be loosing setups as well. If you use D4H1H sequence you will have more setups per month and if you add all 28 pairs to your watch list you will be having enough setups. Just choose first the time sequence suitable for your living style. Cheers
Exactly. Each to its own, there will be enough trades on the sequence that we choose, it just has to fit out lifestyle. H1 charts are not allowed in this thread, you trade them? Great. But not allowed in this thread. I personally want to have a life.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #9,382
  • Sep 5, 2018 9:30am Sep 5, 2018 9:30am
Tesla Inc. #TSLA Very strong monthly demand in control. monthly is now ranging with price bouncing back and forther betweeen opposing monthly imblances at 340 and 257. Previous monthly and weekly demand levels have been playing out nicely.

No longs allowed right now since monthly and weekly demand zones are tested, longs only if price reaches fresh monthly demand imbalance around 199.

Attached Image (click to enlarge)
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Forex and stocks supply and demand strategy
Set and Forget supply and demand trading community
  • #9,383
  • Sep 10, 2018 5:56am Sep 10, 2018 5:56am
AUDUSD forex cross pair has a clear downtrend with new monthly, weekly, daily and H4 supply levels being created and restected. Weekly supply zone from 0.7671 is playing out nicely as well as daily supply level around 0.7457. There are also strong H4 areas of supply being created and respected as explained in this video technical analysis.

The Aussie (AUD) is very weak on all cross pairs, the US dollar is very strong, double correlation for shorts on AUDUSD Forex cross pair.

WATCH AUDUSD SUPPLY AND DEMAND ANALYSIS HERE

Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #9,384
  • Sep 11, 2018 1:27am Sep 11, 2018 1:27am
Forex cross pair EURNZD is rallying with a monthly and weekly uptrend as supply continues to be removed and demand is respected. On the weekly we have a brand new level of weekly demand that has been created for potential longs. In an uptrend supply levels are removed and demand zones are respected so long bias on eurnzd right now.

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Click to Enlarge Name: Screenshot1.png Size: 78 KB


Forex and stocks supply and demand strategy
Set and Forget supply and demand trading community
  • #9,385
  • Sep 11, 2018 2:15am Sep 11, 2018 2:15am
EURUSD;
in W1 chart supply is in control
in Daily chart price has broken the up TL and has made a lower low => Down trend
in H4 also we are in a down trend => we are allowed to short on any supply area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU1(W).png Size: 48 KB
Click to Enlarge Name: EU2(D).png Size: 60 KB
Click to Enlarge Name: EU3(H4).png Size: 54 KB
  • #9,386
  • Sep 11, 2018 3:01am Sep 11, 2018 3:01am
hello,

Quick questions

regarding news, i know i have read in many places you ignore it, tomorrow is ECB, and 1 example of a trade i see is short eurusd (d, w, m)
do you still take it or do you wait for the news to be out of the way etc

the 2nd question is about the set and forget mentally,

do you set your orders and not look again, i have a bad habit of candle watching, i know its bad and even worse now with smart phones, but do you have any technique of helping stop this?
  • #9,387
  • Sep 11, 2018 3:50am Sep 11, 2018 3:50am
Quoting n_aftab
hello, Quick questions regarding news, i know i have read in many places you ignore it, tomorrow is ECB, and 1 example of a trade i see is short eurusd (d, w, m) do you still take it or do you wait for the news to be out of the way etc the 2nd question is about the set and forget mentally, do you set your orders and not look again, i have a bad habit of candle watching, i know its bad and even worse now with smart phones, but do you have any technique of helping stop this?
News? It's been years since I don't take a look at them. Not needed. I set my orders and just wait, I don't have anything installed on my phone, I am just letting price do what it has to do. A loss? No problem, next one. Half of my trades will probably be losses, part of the game.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #9,388
  • Sep 12, 2018 4:28am Sep 12, 2018 4:28am
Forex cross pair GBPAUD is rallying and broke descending trendline, creating a strong weekly demand imbalance in the process that could provide some nice long opportunities if price retraces. In an uptrend supply levels are removed and demand zones are respected. Right now supply is being removed and new demand is being created.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB


Forex and stocks supply and demand strategy
Set and Forget supply and demand trading community
  • #9,389
  • Sep 12, 2018 11:45pm Sep 12, 2018 11:45pm
Hi again
USDCAD;
A Buy limit can be ordered on the proximal line of the Daily demand zone due to;
1- In MN chart demand has taken the control of the curve,
2- In W1 chart trend is Up. last candle is a little bit scary but it hasn't removed the TL yet.
3- In Daily chart the last daily demand zone has succeeded to remove the opposing supply zone and make a higher high.
Correct dear Alfonso?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD@Monthly.png Size: 40 KB
Click to Enlarge Name: USDCAD@Weekly.png Size: 53 KB
Click to Enlarge Name: USDCAD@Daily.png Size: 55 KB
  • #9,390
  • Edited Sep 14, 2018 9:47am Sep 13, 2018 11:49pm | Edited Sep 14, 2018 9:47am
Quoting soheilsor
Hi again USDCAD; A Buy limit can be ordered on the proximal line of the Daily demand zone due to; 1- In MN chart demand has taken the control of the curve, 2- In W1 chart trend is Up. last candle is a little bit scary but it hasn't removed the TL yet. 3- In Daily chart the last daily demand zone has succeeded to remove the opposing supply zone and make a higher high. Correct dear Alfonso? {image} {image} {image}
Weekly and monthly price action are a mess. Not touching this one, even though there is a great daily demand level down there for longs. Not for me though. Cheers
Set and Forget supply and demand trading community
  • #9,391
  • Sep 17, 2018 12:22am Sep 17, 2018 12:22am
Dollar Tree Inc American Stock supply and demand technical analysis. Dollar Tree stock is in a clear monthly uptrend with new demand levels being created in an clear long term uptrend.

Price has been trying to retrace to monthly demand imbalance around 72.49 for seven months, it couldn't reach it yet. On the way down the weekly chart is in a clear downtrend creating new weekly supply zones at 105.40 and 93.00 respectevely.

There is a clear downtrend on the weekly timeframe but a long term uptrend on the monthly. Long term long bias at monthly demand zone or new demand zones on the monthly and weekly timeframes.

WATCH THIS SUPPLY AND DEMAND VIDEO ANALYSIS HERE

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Set and Forget supply and demand trading community
  • #9,392
  • Sep 17, 2018 10:29pm Sep 17, 2018 10:29pm
Quoting soheilsor
Hi again Forex USDCAD pair: in MN chart: price is in Demand in control status in W1 chart: price is in up tred and the demand zone is in control in D1 chart; we are in a down trend so we should wait for a fresh demand area nested in the weekly demand zone *BUT the point is that, when price reaches the drawn demand area, the weekly trend line will be certainly broken so we would not be in a weekly up trend. Can we trade that demand zone? {image} {image} {image}
I got the trade. See what's going on...
Attached Image (click to enlarge)
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  • #9,393
  • Sep 18, 2018 1:37am Sep 18, 2018 1:37am
Hi Soheilsor

I'm looking at the trend line you drew. I'm looking at its middle, is that a peak or CP? At times, these two confuse me.

Kind regards

abzozo
  • #9,394
  • Sep 18, 2018 3:50am Sep 18, 2018 3:50am
Quoting Abzozo1
Hi Soheilsor I'm looking at the trend line you drew. I'm looking at its middle, is that a peak or CP? At times, these two confuse me. Kind regards abzozo
Yes it is a CP but the price is over extended.
  • #9,395
  • Sep 18, 2018 4:09am Sep 18, 2018 4:09am
Oh Ok, I will review the rules again, I thought we have to have three CPs to draw an agressive trendline.

Thanks

Abzozo1
  • #9,396
  • Sep 18, 2018 6:39am Sep 18, 2018 6:39am
Quoting Abzozo1
Oh Ok, I will review the rules again, I thought we have to have three CPs to draw an agressive trendline. Thanks Abzozo1
exactly!
you're right but here I had no choice to draw a TL. the last two peaks have levels too close and after that the price has extended a lot!
I have back tested such positions and that's why I decided to take such one.
Regards
  • #9,397
  • Sep 18, 2018 9:14am Sep 18, 2018 9:14am
Its ok Soheilsor. There is video where Alfonso talks about, why its not ok to break the rules and still make profit ( Mark Douglas; Trading in the zone book), your mind will think that its ok to break the rules, in future.

I haven't looked at the rules in a long time, mabe I should revist them. I hope your trade went well.

kind Regards

Abzozo
  • #9,398
  • Sep 18, 2018 1:09pm Sep 18, 2018 1:09pm
another trade on CAD pairs.
explenations are in the pictures.
+67 pips so far
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD@Weekly.png Size: 54 KB
Click to Enlarge Name: GBPCAD@Daily.png Size: 55 KB
Click to Enlarge Name: GBPCAD@H4.png Size: 59 KB
  • #9,399
  • Sep 18, 2018 1:34pm Sep 18, 2018 1:34pm
GBPJPY:
In weekly the price is going to break the down TL.
So that, there can be two different scenarios;
1- If it can remove the W1 supply zone, new demand areas in H4 are welcome to trade.
2- If it comes back from this zone, long trade at H4 demand zone nested in the drawn D1 demand zone can be done. UNLESS the Up TL in D1 would be violated.
Also another scenario could be shorts on confirmation after bouncing from weekly supply zone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY@Weekly.png Size: 57 KB
Click to Enlarge Name: GBPJPY@Daily.png Size: 51 KB
Click to Enlarge Name: GBPJPY@H4.png Size: 41 KB
  • #9,400
  • Sep 18, 2018 1:39pm Sep 18, 2018 1:39pm
Hi Soheilsor

Pardon me once more for asking:

GBPCAD Daily: After the downward TL, was broken, did price move away by 2:1 from your demand zone? I think there was something like that in the rules.

Kind Regards

Abzozo1
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