Supply and demand in a nutshell by Alfonso Moreno | Page 60 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #1,181
  • Aug 19, 2013 9:40pm Aug 19, 2013 9:40pm
Quoting Axlz
{quote} Thanks. Appreciate it.
No problem. Sorry I sent roughly the same thing twice, I thought it deleted my first attempt and then I sent a condensed version the second time and so you have both in your inbox. Happy explorations.
  • #1,182
  • Aug 19, 2013 9:41pm Aug 19, 2013 9:41pm
Quoting Axlz
{quote} I've been jumping from strategy to strategy for ages, and it has cost me thousands. The only time I ever made money and was profitable, was when I was swing trading Daily TF, but I hated it. I guess now is time to go back to what works. And yes, I've seen you in so many forexfactory system threads, I get confused which one you trade Jackub, lol.
I is so nice you have checked this my friend, yes I am still looking for something which will be more suitable for me , most of the time I was participating in threads with systems based on TDI (so three threads with TDI concern in fact one system), and two or thre threads which are about SD, which is for me natural way of my developing. There is nothing to be shamed of to participate in other threads, I read a lot of different stuff coz it is what thrills me. But I know never will be a swing trader Is this answer is satisfy you ?
JacekPreserve Precious Capital
  • #1,183
  • Aug 19, 2013 10:05pm Aug 19, 2013 10:05pm
Quoting Jackub
{quote} I is so nice you have checked this my friend, yes I am still looking for something which will be more suitable for me , most of the time I was participating in threads with systems based on TDI (so three threads with TDI concern in fact one system), and two or thre threads which are about SD, which is for me natural way of my developing. There is nothing to be shamed of to participate in other threads, I read a lot of different stuff coz it is what thrills me. But I know never will be a swing trader Is this answer is satisfy you ?
I meant no offence. I just meant I've seen you pretty active in many other threads, that's all.
  • #1,184
  • Aug 19, 2013 10:11pm Aug 19, 2013 10:11pm
Quoting Axlz
{quote} I meant no offence. I just meant I've seen you pretty active in many other threads, that's all.
I didnt take this that way...
JacekPreserve Precious Capital
  • #1,185
  • Edited 1:15am Aug 20, 2013 12:51am | Edited 1:15am
Got my eyes on a few things.

Gold and silver looking good for potential 1h entries of the reversal that just occurred.
  • #1,186
  • Aug 20, 2013 1:42am Aug 20, 2013 1:42am
Just made a 1h entry short at retrace to a speedbump, in the direction of the trend @ 97.240.

USDJPY

Speedbump had very strong departure. Good sign.

3.5:1 R:R till next demand zone TP. Very good.
  • #1,187
  • Aug 20, 2013 2:10am Aug 20, 2013 2:10am
Hi Axlz,
Can you please submit screenshots of your entries every time you mention you got triggered or planning a trade?

I'm telling you this because I don't want the thread to become a sort of chat system or Twitter with short messages and no images. If you don't upload a screenshot users will have to look at the charts and try to locate the entries, screenshots help a lot or the thread will be just text and I don't want that.

Hope you understand!
Alfonso


Quoting Axlz
Just made a 1h entry short at retrace to a speedbump, in the direction of the trend @ 97.240. USDJPY Speedbump had very strong departure. Good sign. 3.5:1 R:R till next demand zone TP. Very good.
Set and Forget supply and demand trading community
  • #1,188
  • Aug 20, 2013 2:12am Aug 20, 2013 2:12am
Quoting panoramia
Hi Axlz, Can you please submit screenshots of your entries every time you mention you got triggered or planning a trade? I'm telling you this because I don't want the thread to become a sort of chat system or Twitter with short messages and no images. If you don't upload a screenshot users will have to look at the charts and try to locate the entries, screenshots help a lot or the thread will be just text and I don't want that. Hope you understand! Alfonso {quote}
I can, but I'm not using your rectangle indicator. It is causing me too many problems when switching between TF and having rectangles disappearing.

If I posted pictures, it would have to be my own rectangles with your color code without the indicator. Is that ok?
  • #1,189
  • Aug 20, 2013 2:19am Aug 20, 2013 2:19am
You must be the only one having that problem. The rectangle indicator is working flawlessly, maybe the installation was not done correctly, even though it's pretty straight forward.

If you can't fix that problem, I think it's then better than you don't post those charts, there are many rectangles on top of each other, I believe it could confuse others in the thread.

Alfonso

Quoting Axlz
{quote} I can, but I'm not using your rectangle indicator. It is causing me too many problems when switching between TF and having rectangles disappearing. If I posted pictures, it would have to be my own rectangles with your color code without the indicator. Is that ok?
Set and Forget supply and demand trading community
  • #1,190
  • Aug 20, 2013 2:35am Aug 20, 2013 2:35am
Hi there,

I think that we can try to add some short here.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad h4.PNG Size: 101 KB
  • #1,191
  • Aug 20, 2013 2:37am Aug 20, 2013 2:37am
Quoting panoramia
You must be the only one having that problem. The rectangle indicator is working flawlessly, maybe the installation was not done correctly, even though it's pretty straight forward. If you can't fix that problem, I think it's then better than you don't post those charts, there are many rectangles on top of each other, I believe it could confuse others in the thread. Alfonso {quote}
Stopped out.

I'm sending you a message of a pictures to review and tell me what I may have done wrong.
  • #1,192
  • Edited 2:58am Aug 20, 2013 2:44am | Edited 2:58am
On thing Sebastian. On speedbumps you always have to take into account the previous candle, if it's too close then use that high, like in this example.

Those wicks in the H4 basing are trying to look for liquidity at the H1 supply right above.
If you view the H1 chart you will see that there is a H1 supply area right there, I missed that short entry on H1 by 1 pip and dropped without me.

H4 CHART
I'm looking to go short there as well but I drilled the level down to a few pips below the top H1 supply area (view the H1 chart). My limit order is not on the chart because it's my VPS that will take it automatically based on certain conditions

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 136 KB


H1 CHART:
See what I mean with the previous candle on H4? It's the H1 speedbump! Many times you will be stopped out on H4 speedbumps because you didn' take into account the previous H4 candle. If too close, use that high because it will probably be a lower timeframe area like in this case. My entry is drilled down to that H1 supply which I missed last night by 1 pip or a fraction of a pip.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 137 KB


Alfonso

Still holding that H1 confirmation short from the top D1 supply Sebastian?

Quoting sebkor6
Hi there, I think that we can try to add some short here. {image}
Set and Forget supply and demand trading community
  • #1,193
  • Aug 20, 2013 3:07am Aug 20, 2013 3:07am
Thank you Alfonso for explanation. You are great .

As you can see i prefer to catch whole move from d1 or weekly sd levels. Why? Because i understand how to do it. For me it was always difficult to catch move in the middle of the trend, and i still don't know why . I should practise all the time, like in this case (aud cad). Now i understand why i drawn this level not properly.

and yes, im still in this trade.
  • #1,194
  • Aug 20, 2013 3:14am Aug 20, 2013 3:14am
Can someone tell me if this pink level is a valid supply level to trade from?


Attached Image (click to enlarge)
Click to Enlarge Name: avv.png Size: 36 KB
  • #1,195
  • Aug 20, 2013 3:23am Aug 20, 2013 3:23am
As far as the rules are concerned, that H1 supply area on Gold is valid. My setup was waiting for 1367.82 to go short on that H1 supply area. Price hit the area but my broker didn't fill me in, and I don't know why.

Alfonso

Quoting Axlz
Can someone tell me if this pink level is a valid supply level to trade from? {image}
Set and Forget supply and demand trading community
  • #1,196
  • Aug 20, 2013 3:24am Aug 20, 2013 3:24am
Quoting Axlz
Can someone tell me if this pink level is a valid supply level to trade from? {image}
Hello

for me it is not. Look at those pictures.
In my oppinion, price din't reach weekly or even daily supply levels, so i think that bulls are still in controll.

Corect me please if i am wrong.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold d1.PNG Size: 111 KB
Click to Enlarge Name: gold h4.PNG Size: 103 KB
  • #1,197
  • Aug 20, 2013 3:25am Aug 20, 2013 3:25am
Quoting sebkor6
{quote} Hello for me it is not. Look at those pictures. In my oppinion, price din't reach weekly or even daily supply levels, so i think that bulls are still in controll. Corect me please if i am wrong. {image} {image}
Price reached weekly supply at 1387.6 my friend.
  • #1,198
  • Aug 20, 2013 3:31am Aug 20, 2013 3:31am
Quoting panoramia
As far as the rules are concerned, that H1 supply area on Gold is valid. My setup was waiting for 1367.82 to go short on that H1 supply area. Price hit the area but my broker didn't fill me in, and I don't know why. Alfonso {quote}
I just got filled in.

Hopefully it works out.

The trade has a very large R:R as the next demand is very far away. Do you see it?
  • #1,199
  • Aug 20, 2013 3:32am Aug 20, 2013 3:32am
Hello Sebastian!

Like our friend Axlz said in the next post, GOLD hit a Weekly supply speedbump, so that H1 short setup would be valid! Another thing is that it may or may not work, but it's a valid area

See my attachment!
Alfonso

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 128 KB


Quoting sebkor6
{quote} Hello for me it is not. Look at those pictures. In my oppinion, price din't reach weekly or even daily supply levels, so i think that bulls are still in controll. Corect me please if i am wrong. {image} {image}
Set and Forget supply and demand trading community
  • #1,200
  • Aug 20, 2013 3:35am Aug 20, 2013 3:35am
Quoting Axlz
{quote} Price reached weekly supply at 1387.6 my friend.
yes, it reached this level. Maybe i didn't draw it properly. So if price riches that level and reacts we should take in consider h4 supply areas.

I'd prefer the upper one
Attached Image (click to enlarge)
Click to Enlarge Name: gold h4.PNG Size: 96 KB
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