Supply and demand in a nutshell by Alfonso Moreno | Page 58 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #1,141
  • Aug 19, 2013 2:59am Aug 19, 2013 2:59am
Confirmation trades are fully described on the video on Trendlines and other posts. It's also on the last post I sent you (the one with the slide). Go through it, it's very long to repeat, sorry.

A Monthly has MORE weight than any timeframe, don't go against it!That's all I can tell you There are posts discussing on this topic as well. It's common sense, follow common sense rules! This is why a topdown analysis is needed, YOU NEED TO KNOW WHERE YOU ARE!

Alfonso


Quoting Axlz
{quote} Thank you for the advice. I will make sure to do that. But as I am trading 1h, do I place more weight on the daily supply/demand in control VS the monthly? Since 1h is short time frame, and monthly, even though is more powerful, is too long for us to make 1h decisions on? and can you describe what you consider "confirmation"?
Set and Forget supply and demand trading community
  • #1,142
  • Aug 19, 2013 3:09am Aug 19, 2013 3:09am
Planning a long trade on USDCAD on H4 right within a D1 demand area which is also the distal area of a fresh Weekly demand area. I drilled it down to fit my risk.

That single chart says it all. You have to know what the color codes are, the different colored trendlines represent D1 and WK supply and demand areas. So by looking at my long trade on the D1 chart, you will know where you are located. This is the reason why the Rectangle Extender indicator was created.

If price does not make it that low and create nice brand new H4 demand areas, it could also a nice long opportunity as well.

Alfonso
Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #1,143
  • Aug 19, 2013 3:22am Aug 19, 2013 3:22am
Hi again Axlz!

Please install the indicators I've created to help you draw the levels and extend the rectangles. We can't help you with charts where you have rectangle over rectangle over rectangle, it's time consuming. Take your time to go through the video on how to use the rectangle indicator, how to use it, etc, etc. Don't post charts like those, they are of no help, it creates confusion. Please delete your previous post and post your analysis ONCE you have applied the indicators and know how to use them, ok?

I don't know about the others, but I can't help you with charts like those sorry

We're following some color codes and if those are broken, we can't take my time to help, because it takes our time from doing other things sorry!

Alfonso

Quoting Axlz
GBPAUD: Bounced out of monthly, weekly and daily supply in control. {image} {image} {image} Short on 1h ? {image}
Set and Forget supply and demand trading community
  • #1,144
  • Aug 19, 2013 3:24am Aug 19, 2013 3:24am
Quoting panoramia
Hi again Axlz! Please install the indicators I've created to help you draw the levels and extend the rectangles. We can't help you with charts where you have rectangle over rectangle over rectangle, it's time consuming. Take your time to go through the video on how to use the rectangle indicator, how to use it, etc, etc. Don't post charts like those, they are of no help, it creates confusion. Please delete your previous post and post your analysis ONCE you have applied the indicators and know how to use then, ok? I don't know about the others, but...

That is ok. I will do that now.
  • #1,145
  • Aug 19, 2013 3:39am Aug 19, 2013 3:39am
hi to all,

AT USDCHF market i am planing to take 1h confirmation long trade
1- we are at Daily demand in control
2- we are low on the curve so buyers may be more powerful
3- previous Daily supply has taken out as shown with blue arrow
4-1h demand level created

what do u think about my thinking process guys? something missing?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdchf 1 h.png Size: 62 KB
  • #1,146
  • Aug 19, 2013 4:09am Aug 19, 2013 4:09am
Hi,

eur cad sell

NEW daily supply zone.
I took first supply speedbump on h4.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur cad d.PNG Size: 109 KB
Click to Enlarge Name: eur cad h4.PNG Size: 107 KB
  • #1,147
  • Aug 19, 2013 4:44am Aug 19, 2013 4:44am
Took eur gbp long.

Price in range of daily and weekly demand zones. It didn't quite reach the weekly zone, but it bounced from daily, creates new demand on h4.
Let's see if it isn't too agresive entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur gbp d.PNG Size: 110 KB
Click to Enlarge Name: eur gbp h4.PNG Size: 104 KB
  • #1,148
  • Aug 19, 2013 5:06am Aug 19, 2013 5:06am
I am holding a new webinar on Supply and Demand in about 2 hours, right at NY Open

Date: Today Monday 19th August 2013
Time: Right at New York Session Open 2:00 PM - 4:00 PM CEST

If you have not contacted me yet and would like to join, send me a private message or fill this form out on my site http://panoramia.net/visitas_virtual...panoramica_360 and I will get an email.

Alfonso
Set and Forget supply and demand trading community
  • #1,149
  • Aug 19, 2013 5:12am Aug 19, 2013 5:12am
Quoting sebkor6
Took eur gbp long. Price in range of daily and weekly demand zones. It didn't quite reach the weekly zone, but it bounced from daily, creates new demand on h4. Let's see if it isn't too agresive entry. {image} {image}
like this job a lot

Thank's Alfonso for all your knowledge !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp h4 a.PNG Size: 112 KB
  • #1,150
  • Aug 19, 2013 5:13am Aug 19, 2013 5:13am
Price has been bouncing off weekly demand on EURAUD for a week now.

Is it ok to trade these bounces on the 1h?

Price also created an original and fresh demand zone on the 1h.
  • #1,151
  • Aug 19, 2013 5:33am Aug 19, 2013 5:33am
Quoting sebkor6
Took eur gbp long. Price in range of daily and weekly demand zones. It didn't quite reach the weekly zone, but it bounced from daily, creates new demand on h4. Let's see if it isn't too agresive entry. {image} {image}

Hi Sebkor,

Thanks for sharing, I like your trades!

Have a nice week!

Mfinab
  • #1,152
  • Aug 19, 2013 5:35am Aug 19, 2013 5:35am
Quoting Axlz
Price has been bouncing off weekly demand on EURAUD for a week now. Is it ok to trade these bounces on the 1h? Price also created an original and fresh demand zone on the 1h.
for me price did not reach the weekly demand level yet.
Still sellers are in controll, so i would prefer to find some supply level on h4 and try to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud.PNG Size: 93 KB
  • #1,153
  • Aug 19, 2013 5:39am Aug 19, 2013 5:39am
Quoting sebkor6
{quote} for me price did not reach the weekly demand level yet. Still sellers are in controll, so i would prefer to find some supply level on h4 and try to sell. {image}
You're right. I forgot to adjust my demand level to account for the amount the wicks of the other candles had already removed from it.

And look at the recent bullish spike. I'm guessing it was due to news. Good time to look for shorts once new supply levels created?


And If i'm not mistaken, the supply level at 1.462 is actually original and fresh on the 1h?
  • #1,154
  • Aug 19, 2013 9:46am Aug 19, 2013 9:46am
Quoting panoramia
Find attached a screenshot of the latest higher timeframe supply and demand levels from my spreadsheet. I've reduced the number of pairs I trade on H4 to 15, some of the other ones were highly correlated with others I traded so I removed those. I've added some indexes, Gold, Silver and Brent. In total, I am tracking 21 instruments on H4. If your pair or instrument is not there, you can add it to the spraedsheet manually as explained on the video I had created. Have a great Sunday! Alfonso {image}

Hi you have mixed up your daily and weekly suppl levels on aud usd , i think you are very helpful , thanks
  • #1,155
  • Aug 19, 2013 10:47am Aug 19, 2013 10:47am
I've finnished uploading today's supply and demand webinar on YouTube. The link is at the bottom

On today's webinar we have covered quite a few things, amongst others:

- How to draw a trendline to allow us to filter out bad levels
- How to assess if a speedbump (continuation pattern) is still valid or not
- What to do in order to take a confirmation type of trade when we are at higher timeframe SD areas

If you have any doubts, feel free to post them on the thread!
http://www.forexfactory.com/showthread.php?t=428204

Have a great day!
Alfonso

P.S. If you are interested in attending the next ones, send me a private message with your email

Inserted Video
Set and Forget supply and demand trading community
  • #1,156
  • Aug 19, 2013 11:01am Aug 19, 2013 11:01am
hiiii alfonso....(sry for my bad english, cause isn`t my native language)
i have been reading your journal since 3 days ago...
found really interesting on your method, want to see supply and demand as yours...

would like to post some chart analysis base on your method, hope you could me some insight and CMIIW

Monthly
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weekly
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daily
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h4
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regards
  • #1,157
  • Aug 19, 2013 11:03am Aug 19, 2013 11:03am
sry look abit messy my chart, my pair analysis is AUDUSD.
thx
  • #1,158
  • Aug 19, 2013 11:31am Aug 19, 2013 11:31am
Subscribe to this thread. Hope I can follow the lessons quickly.
Sweat More In Practise, So You Bleed Less In War!!
  • #1,159
  • Aug 19, 2013 12:48pm Aug 19, 2013 12:48pm
Hi Alfonso I wanted to say thanks for the webinar,
Here are some charts i have laid out on the USD/JPY, These are just my levels, I would love some feedback from you. thanks Ted
Attached Image (click to enlarge)
Click to Enlarge Name: month USD JPY.jpg Size: 59 KB

Attached Image (click to enlarge)
Click to Enlarge Name: week USD JPY.jpg Size: 59 KB

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #1,160
  • Aug 19, 2013 4:43pm Aug 19, 2013 4:43pm
Hi,
this is my analysis for EURUSD H4 chart

Price reached W1 and D1 supply area, i changed to H4 where I saw trendline broken and new supply area where i took the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB


Alessandro
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