Supply and demand in a nutshell by Alfonso Moreno | Page 50 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #981
  • Aug 11, 2013 4:39pm Aug 11, 2013 4:39pm
Hi Davit!

Thanks for that information. I am not using fibonaccis for my trading so I was not aware of that 78.6% confluence. So far I am building my positions (scaling in) when I find a new SD level in the direction of my trade and the previouos entry is at breakeven. Maybe in the future my trading might evolve into incremental positons, but for now I am doing it like that!

Alfonso

Quoting Davit
Alfonso If you are bearish on Euro/USD consider GU as well. We got perfect harmonic number 78.6 confluence of previous resistance although not fresh.I am sure you know this but if Euro falls that will have domino reaction on cable as well however either way I see cable as short opportunity primarily even if it goes 56 or 57. I build a position in increments. {image}
Set and Forget supply and demand trading community
  • #982
  • Aug 12, 2013 3:05am Aug 12, 2013 3:05am
Hi

there was nice opportunity to take long position on usd cad. Nice d1 demand confirmed on h1.
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  • #983
  • Aug 12, 2013 3:17am Aug 12, 2013 3:17am
Hi

another trade from friday.

usd chf fresh daily demand (correct me if i am wrong about is it a fresh area or not)

Confirmed on h1 timeframe.
Entry should be lower, at 0.91943 level.
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  • #984
  • Aug 12, 2013 5:16am Aug 12, 2013 5:16am
Quoting sebkor6
Hi there was nice opportunity to take long position on usd cad. Nice d1 demand confirmed on h1. {image} {image}
I've seen it also, but didn't take it, I think its too close to the supply in 0344 area

About the uchf I'm in that trade too, a little bit off alfonso system there's broken trendline there, lets watch n wait
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In the end its just a stupid numbers game
  • #985
  • Edited 9:26am Aug 12, 2013 5:51am | Edited 9:26am
Quoting panoramia
Morning HDA! Thanks a lot for your message and your vouch, I really appreciate that. I beleive there are some good and serious traders in the thread now, and hopefully others will become that great if they follow these simples rules on supply and demand as well as those they will come up with with their experience. Hopefully they will contribute to the thread with their trades, as they are doing right now, as well as with their views and understanding of the markets. Thanks again! Have a great weekend with your friends and family! Alfonso {quote}...
@panoramia:

You are most welcome. You remind me so much of myself, with a willingness to share your knowledge of trading the forex, in a respectable manner and with a very open mind.

I do hope that for the traders who develop an interest to read my posts, will eventually find your Trading Journal and you will eventually have greater participation in this thread. One good thing that emanates from being swing traders is that the quality of the participants are like minded.

Last week Friday, August 9, 2013 my limit order to go long was triggered on the USD/CHF at the Demand Zone, even though it is not a fresh Demand Zone, it can still be considered a high probability trade. My target is 0.9400 taking profit at resistance levels on the way up.

Will it go there, lets see what happens?

My limit order to short is also set at the Supply Zone on the GBP/USD waiting patiently should it be hit to target 1.5350

I was sharing with Davit, how refreshing it was to meet another trader that trades with limit orders.

I found your Journal just last week Friday, August 9. 2013 by accident and after reading it, that's why you got my VOUCH.

Happy Trading

  • #986
  • Aug 12, 2013 6:58am Aug 12, 2013 6:58am
Quoting HDA
{quote} @panoramia: You are most welcome. You remind me so much of myself, with a willingness to share your knowledge of trading the forex, in a respectable manner and with a very open mind. I do hope that for the traders who develop an interest to read my posts, will eventually find your Trading Journal and you will eventually have greater participation in this thread. One good thing that emanates from being swing traders is that the quality of the participants are like minded. Last week Friday, August 9, 2013 my limit order to go long was trigger...

cool swissy trade sir , it does take off today
In the end its just a stupid numbers game
  • #987
  • Aug 12, 2013 7:12am Aug 12, 2013 7:12am
Alfonso, excelent info. Thank you for all your efforts.

And your rectangle indy... love it
Thoughts are things
  • #988
  • Aug 12, 2013 8:11am Aug 12, 2013 8:11am
Quoting Davit
Alfonso If you are bearish on Euro/USD consider GU as well. We got perfect harmonic number 78.6 confluence of previous resistance although not fresh.I am sure you know this but if Euro falls that will have domino reaction on cable as well however either way I see cable as short opportunity primarily even if it goes 56 or 57. I build a position in increments. {image}

Hello all,

I took this at 78.6 and out now. Why? it was end of week and wanted stronger reaction. I wait higher, if it does not happen that is fine.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #989
  • Aug 12, 2013 8:28am Aug 12, 2013 8:28am
Quoting Mr. Scott
{quote} Hello all, I took this at 78.6 and out now. Why? it was end of week and wanted stronger reaction. I wait higher, if it does not happen that is fine. {image}
Please let's stick to only supply and demand trading on this thread. See the first page for the rules and to learn the method.
  • #990
  • Aug 12, 2013 8:41am Aug 12, 2013 8:41am
Alfonso -- You are the greatest mentor in the entire world! Thank you for creating this wonderful site. I'm still learning!

Best Regards!
PippaPrinces
  • #991
  • Aug 12, 2013 8:57am Aug 12, 2013 8:57am
Quoting everfree
{quote} Please let's stick to only supply and demand trading on this thread. See the first page for the rules and to learn the method.

That is a potential s/d trade with a little confluence thrown in to increase the odds. Davit had mentioned the 78.6 fib so I posted why I think 88.6 might be more appropriate.

If Alfonso asks me to not post harmonic confluence based on s/d levels, then I will not. But it is a s/d trade at the end of the day.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #992
  • Edited 9:28am Aug 12, 2013 9:03am | Edited 9:28am
Quoting danzka
{quote} cool swissy trade sir , it does take off today
@danzka:

Thank you kindly

Last week Thursday - after two weeks and four days of holding my trades I made 640pips and lost (-110) pips with a balance of 530pips profit.

EUR/USD - 250pips - 90pips = 160pips
USD/CAD - 390pips - 20pips = 370pips

Now that the USD/CHF trade has been triggered I am up as of typing this 80pips times 2 = 160pips profit

So if I close my trades now I would have made back the -110pips loss that occurred on Thursday last week.

I call it stress free swing trading, based strictly on supply and demand zones.



@panoramia: Thank you for creating this thread
  • #993
  • Aug 12, 2013 9:56am Aug 12, 2013 9:56am
Quoting HDA
{quote} @danzka: Thank you kindly Last week Thursday - after two weeks and four days of holding my trades I made 640pips and lost (-110) pips with a balance of 530pips profit. EUR/USD - 250pips - 90pips = 160pips USD/CAD - 390pips - 20pips = 370pips Now that the USD/CHF trade has been triggered I am up as of typing this 80pips times 2 = 160pips profit So if I close my trades now I would have made back the -110pips loss that occurred on Thursday last week. I call it stress free swing trading, based strictly on supply and demand zones. @panoramia:...
I will get there soon
In the end its just a stupid numbers game
  • #994
  • Aug 12, 2013 10:09am Aug 12, 2013 10:09am
Hi Panoramia I still can't believe tht I got access to such humongous precious information.I appreciate ur patience n time u hav put to make videos, no words this is gold mine. Great help for me,im luking frwd to contribute as soon as I learn the methods


Regards longpip
  • #995
  • Aug 12, 2013 10:15am Aug 12, 2013 10:15am
Quoting panoramia
Next week I will be organizing 2 events for which I have no dates yet, but it will be minimum by the middle of the week or on Friday A Webinar on supply and demand 5 to 1 questions & answers session. What is this 5 to 1 Q&A about? It will be a 1 hour and a half private session for 5 of you, where I will try to answer all of your questions individually. Only members from this thread from which I have their emails and have contributed to the thread will be able to join this 5:1 Q&A. This session will be great for those who have spent enough time watching...
Hello Alfonso! What kind of confirmation was that? If we score this level it will obtain very poor score. Some confirmation like that work and some not. Thanks, you do a great job!

Sorry for quoting wrong post. 966 is the correct post. EURUSD h1 confirmation
  • #996
  • Aug 12, 2013 3:26pm Aug 12, 2013 3:26pm
I can use this technique with Crude Oil, Brent, WTI? Thank you and good job
I am following this thread with a lot of passion
  • #997
  • Edited 5:44pm Aug 12, 2013 5:12pm | Edited 5:44pm
Quoting bobyv87
{quote} Hello Alfonso! What kind of confirmation was that? If we score this level it will obtain very poor score. Some confirmation like that work and some not. Thanks, you do a great job! Sorry for quoting wrong post. 966 is the correct post. EURUSD h1 confirmation
Hi bobyv87,

Here is my take on it as I also spotted this trade. Price moved up into daily supply zone which was not fresh so therefore we needed some confirmation that sellers were still there. Price moved to about halfway or a bit more into the daily supply zone and then moved down thru H1 trend line creating a new supply level on H1. Entry was limit order short at base of newly formed H1 level.

Alfonso's post 966 shows the daily and H1 charts and also explains his reasons.

In regards to your query about scoring, we don't score a confirmation trade out of 10 that is only for set and forget trades.

Hope this helps.
If you act surprised, then you probably missed something
  • #998
  • Aug 12, 2013 5:23pm Aug 12, 2013 5:23pm
Quoting bobyv87
{quote} Hello Alfonso! What kind of confirmation was that? If we score this level it will obtain very poor score. Some confirmation like that work and some not. Thanks, you do a great job! Sorry for quoting wrong post. 966 is the correct post. EURUSD h1 confirmation
Here is another example of H1 confirmation entry this time on GBPCAD. Price comes down to daily zone and then break thru H1 trend line and creates new demand level. Entry is on first test of newly formed demand area.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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If you act surprised, then you probably missed something
  • #999
  • Aug 12, 2013 8:08pm Aug 12, 2013 8:08pm
Quoting outapips
{quote} Here is another example of H1 confirmation entry this time on GBPCAD. Price comes down to daily zone and then break thru H1 trend line and creates new demand level. Entry is on first test of newly formed demand area. {image} {image}

Just keep in mind big news release on Cable CPI tonight and few more red boxes weds as well so in my opinion this has to be factored in.What you think is demand zone could become severe supply zone in case of negative data.
In trading, you have to be defensive and aggressive at the same time
  • #1,000
  • Edited 11:20pm Aug 12, 2013 8:33pm | Edited 11:20pm
Here is my UJ trade from D1 down to H1
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