Supply and demand in a nutshell by Alfonso Moreno | Page 36 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #701
  • Jul 28, 2013 6:37pm Jul 28, 2013 6:37pm
Quoting Tamzy1
Hi, I down loaded the new Rectangular indicator, placed it in the indicator folder, it brought the normal question, do you want to replace the Rectangular indicator that already exist, i clicked yes and it replaced it. But now whenever i try to run my Metatrader, it deletes/kirks the indicator out of the indicator folder, i don't know to where. I tried to re-download it again and do the process again it keep doing the same. The sad part of it is that even the old Rectangular indicator I had on the metatrader is also now removed/deleted. Can anybody...
Can you give more information Tamzy ?

1. What is your computer OS ?
2. Where have you installed MT4 ?
3. Can you see where the indicator is installed in windows explorer ?
It never gets easier, you just get better
  • #702
  • Jul 28, 2013 6:54pm Jul 28, 2013 6:54pm
My problem is that i had the old rectangular reader and it was working fine, then I downloaded and replaced it with the new updated one. But after putting it in the indicator folder and run metatrader, it gets deleted from the folder. I done it several times, the results are the same. when i go back and check in the indicator folder its no longer there.


Iam using windows XP, and OANDA- MetaTrader installed in the program file folder. The path is: Crogram FilesOANDA - MetaTraderexpertsindicators
After downloading, I move the indicator into the indicator folder, and even if I close the window explorer and re-open it the indicator is still there, but once I run metatrader it disappears/deleted from the folder.
  • #703
  • Jul 28, 2013 10:47pm Jul 28, 2013 10:47pm
Hi Alfonso,

Great to have your reply and it is very clear. I also watching the topic's videos.

While practices your RectangleReader indicators in Close time of Market, I found the quickly way to update the indicators. Instead of open Indicators List Box and Close it, just Left Mouse Click on Chart, the select Refresh. Your indicator will be update very well.

I will try to have more contribute to this method as I can.

Thank you for your share and effort!

Regards

Quoting panoramia
Hi htuanfx! Welcome to the thread, you are most welcome! You will see lots of examples of what we're doing to plan trades. There are quite a few videos and webinars on the thread you should watch completely, maybe more than once, to get used to this methodical way of trading, supply and demand. I can't break the following rules, it's part of the trading plan as well as logical and common sense: - If we are near or at a D1/WK/MN supply area, we are then too HIGH in the curve, I'm not going to BUY there - If we are near or at a D1/WK/MN demand area,...
No emotion
  • #704
  • Jul 28, 2013 11:07pm Jul 28, 2013 11:07pm
Hi, what do you think about this USDJPY H4 supply level ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 47 KB
Click to Enlarge Name: usdjpyweekly.png Size: 43 KB
  • #705
  • Edited 2:31am Jul 29, 2013 1:36am | Edited 2:31am
Hello Pashaa!

EURJPY's H4 supply speedbump is in the middle of the D1 curve, diddle in the middle. No trade for me. I won't trade in the middle. I believe I mentioned it in my last video (the one about the spreadsheet). It's a bit agressive. Why?

1- It's a speedbump supply, they are good while we're on a down trend in the timeframe detected.
2. We've touched D1 demand, which is now "in control", you would be buying after D1 demand has been hit and price is rebounding. Not high odds.

That short is not for me in this scenario, my rules won't allow me to short the market in the middle of the D1 curve and when D1 demand is in control. But that's me, you know what I mean.

On the D1 we can see we've solidly broken a D1 ascending trendline, so the D1 speedbump is not eligible for a set & forget since speedbumps are good as continuation patterns (or at a fresh breaout area). D1 uptrend is broken, so we can't set & forget on a D1 speedbump demand for a position trade, we can't either on swing. We need to wait for confirmation.

These are the 2 scenarios I'm looking for:

  1. If the D1 demand is broken then I can continue selling
  2. If the D1 holds and brand new areas of demand are created, then I can buy

How to use the SD spreadsheet?
D1 demand is at 4%, WK is at 48%.
Buying is what we need to do, but the D1 demand area is in the middle of the WK curve, we need confirmation.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 54 KB


Quoting pashaa
Hi, what do you think about this USDJPY H4 supply level ? {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 146 KB
Click to Enlarge Name: Screenshot2.png Size: 150 KB
Set and Forget supply and demand trading community
  • #706
  • Jul 29, 2013 3:46am Jul 29, 2013 3:46am
Hello Pashaa! EURJPY's H4 supply speedbump is in the middle of the D1 curve, diddle in the middle. No trade for me.


Thanks for explanation Alfonso!

You are right. It is diddle in the middle.

Your comments are very very helpful.

Thanks again
  • #707
  • Edited 4:02am Jul 29, 2013 3:48am | Edited 4:02am
We have a live webinar on supply and demand today at 2 PM CEST, right at NY Open Session.

If you are new and have not joined any of the previous webinars, feel free to send me a private message and I will send you link to join.

All webinars are recorded, so you can watch them over and over.

I will try to cover trendlines extensively today as well as some live analysis on H4 timeframes.
See you at the webinar!
Alfonso
Set and Forget supply and demand trading community
  • #708
  • Jul 29, 2013 3:52am Jul 29, 2013 3:52am
Quoting Tamzy1
My problem is that i had the old rectangular reader and it was working fine, then I downloaded and replaced it with the new updated one. But after putting it in the indicator folder and run metatrader, it gets deleted from the folder. I done it several times, the results are the same. when i go back and check in the indicator folder its no longer there. Iam using windows XP, and OANDA- MetaTrader installed in the program file folder. The path is: Crogram FilesOANDA - MetaTraderexpertsindicators After downloading, I move the indicator into the...
Try with another broker MT4, see if you get the same problem, I think it could be that your MT4 is corrupted. Is it a demo account, then do a re-install.
It never gets easier, you just get better
  • #709
  • Jul 29, 2013 3:56am Jul 29, 2013 3:56am
Quoting panoramia
We have a live webinar on supply and demand today at 2 PM CEST, right at NY Open Session. If you are new and have not joined any of the previous webinars, feel free to send me a private message and I will send you link to join. I will try to cover trendlines extensively today as well as some live analysis on H4 timeframes. See you at the webinar! Alfonso

Hi, do you record these webinars?


Thanks
  • #710
  • Jul 29, 2013 4:04am Jul 29, 2013 4:04am
All webinars are recorded and uploaded to YouTube a few hours later, so you can watch them over and over.
It's good to be on the webinar, because you can ask questions live, but if you can't make it, you can watch the recording later.

Alfonso

Quoting 4Xfactor
{quote} Hi, do you record these webinars? Thanks
Set and Forget supply and demand trading community
  • #711
  • Jul 29, 2013 4:17am Jul 29, 2013 4:17am
Quoting panoramia
All webinars are recorded and uploaded to YouTube a few hours later, so you can watch them over and over. It's good to be on the webinar, because you can ask questions live, but if you can't make it, you can watch the recording later. Alfonso {quote}

Ok, great! Thanks. Will not be able to join live this time around.

Best wishes!
  • #712
  • Jul 29, 2013 4:22am Jul 29, 2013 4:22am
Planning this swing trade on H4 supply area right at the D1 supply distal line, gap down and aborbed previous demand.
H4 level is too wide, so I drilled it down to fit my risk tolerance. H4 ascending trendline is now broken, one more confluence.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB


I've also planned a short on H1 speedbump supply right at D1 proximal line. Good location at a D1 supply, fresh and original, strong departure and good risk/reward. Demand has been taken out, so it's even better.

I have to try both shorts. Price is consolidation now, too much trading in the zone, if it rallies to the entries, this consolidation might be easily absorbed.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 146 KB


This H4 demand area looks like a good long entry as well, but I need to drill it down to fit my risk tolerance. Nice departure and located at the D1 demand proximal line.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 159 KB
Set and Forget supply and demand trading community
  • #713
  • Jul 29, 2013 7:32am Jul 29, 2013 7:32am
Hi Alfonso.

First of all, I love your trading style!
I am completely new in the mid and long time trading. I am a scalper at this moment but i wanne make the transition to your trading style. Its like you said in your videos. Scalping keeps me glued to my screens for sometimes 8 a 10 hours. Its more heavy and stressfull then my daytime job. So time for changes.
Im following this trade above EURNZD H4 Long. I think Set and Forget rules.

Is it possible for me to enter your webinars?

I still have a lot of questions.

Again thank you for sharing your strategy and rules.

Greets Stefaan from the Netherlands
  • #714
  • Jul 29, 2013 7:42am Jul 29, 2013 7:42am
Quoting panoramia
We have a live webinar on supply and demand today at 2 PM CEST, right at NY Open Session. If you are new and have not joined any of the previous webinars, feel free to send me a private message and I will send you link to join. All webinars are recorded, so you can watch them over and over. I will try to cover trendlines extensively today as well as some live analysis on H4 timeframes. See you at the webinar! Alfonso
Good Day Alfonso,

I am new to FF but not to FX Trading could you please send me link to your webinar today?
A PM would be best to me since I am junior member and cannot PM you directly yet.
Muchas Gracias
  • #715
  • Jul 29, 2013 9:29am Jul 29, 2013 9:29am
Quoting perrouno
{quote} Good Day Alfonso, I am new to FF but not to FX Trading could you please send me link to your webinar today? A PM would be best to me since I am junior member and cannot PM you directly yet. Muchas Gracias
The webinar is over. Alfonso will post it to youtube most likely. He sent an email out saying his computer crashed and he had to start a new webinar page. I missed it because i was looking at the original page he emailed.
Keep your blades sharp!
  • #716
  • Jul 29, 2013 10:30am Jul 29, 2013 10:30am
Hi Alfonso, thank's for great webinar.

A lesson that i have learnt (correct me if i am wrong).

When we have (d1), supply/demand area), that has been tasted before, we can't of course do the "fire and forget" trade.
We need to have a lover timeframe confiration like on attach files (NZD USD). It was nice new supply (H1) level, that we could use to sell (minimising the risk).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusddaily.png Size: 44 KB
Click to Enlarge Name: nzdusdh1.png Size: 37 KB
  • #717
  • Jul 29, 2013 11:51am Jul 29, 2013 11:51am
Quoting panoramia
Second webinar held today has been uploaded to YouTube. It's 1h and 50 minutes long. On today's webinar we mainly covered how to score a level based on 6 odds enhancers: STRENGTH OF DEPARTURE. 2 points NUMBER OF PULLBACKS. 2 points PROFIT MARGIN. 3:1 or more. 2 points BIGGER PICTURE. 2 points TIME AT LEVEL. 1 point ARRIVAL. 1 point IF TOTAL SCORE IS = to 9 or 10, you can SET & FORGET (set a limit order) 8 = confirmation entry. We wait for an engulf pattern, brand new lower timeframe SD areas to take out opposing SD areas 7 = No tradeWe also analyzed...
Hi Panoramia,
Could you please share your xls file on score level please?

Thanks!

Mfinab
  • #718
  • Jul 29, 2013 12:36pm Jul 29, 2013 12:36pm
Quoting panoramia
Hello Pashaa! EURJPY's H4 supply speedbump is in the middle of the D1 curve, diddle in the middle. No trade for me. I won't trade in the middle. I believe I mentioned it in my last video (the one about the spreadsheet). It's a bit agressive. Why? 1- It's a speedbump supply, they are good while we're on a down trend in the timeframe detected. 2. We've touched D1 demand, which is now "in control", you would be buying after D1 demand has been hit and price is rebounding. Not high odds. That short is not for me in this scenario, my rules won't allow...
Hi Alfonso, I have been using your spreadsheet, and it works really well with accessing the curve, however i came across one of your levels in the spreadsheet and was confused about a demand level?
On the GBP/USD D1 Demand level on your spread sheet you have the Prox(1.4948) Distal (1.4813). This is definitely a Demand level; however, The most recent D1 Demand level which is fresh and original is at (1.5118) Distal(1.5027). On chart below.
SO my question is when using the spread sheet. should we put the most recent D1 Demand and Supply levels so when can know where we are at within the most RECENT D1 Curve? WE should have the most recent D1/Wk supply and demand levels for spreadsheet??
Thankyou for your help
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd33.png Size: 80 KB
  • #719
  • Edited 1:20pm Jul 29, 2013 12:58pm | Edited 1:20pm
I began to go through the material on this thread over the weekend. Please excuse my ignorance, but I do not have a rectangle object in my toolbar for MT4. How do I get that so I can draw the rectangles manually on the chart as in the first video?

*****Please disregard. I found out the answer
  • #720
  • Jul 29, 2013 3:17pm Jul 29, 2013 3:17pm
Quoting panoramia
Hello Pashaa! EURJPY's H4 supply speedbump is in the middle of the D1 curve, diddle in the middle. No trade for me. I won't trade in the middle. I believe I mentioned it in my last video (the one about the spreadsheet). It's a bit agressive. Why? 1- It's a speedbump supply, they are good while we're on a down trend in the timeframe detected. 2. We've touched D1 demand, which is now "in control", you would be buying after D1 demand has been hit and price is rebounding. Not high odds. That short is not for me in this scenario, my rules won't allow...
Hi Alfonso, i have been trying to get correct prices to input into the supply/demand spreadsheet. I watched your video on how to use the spreadsheet but i have a question. For the S/D, do we use fresh s/d, original s/d or the s/d that is currently in control?

Are the below examples good examples of s/d in control?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 66 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 66 KB
Keep your blades sharp!
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