Supply and demand in a nutshell by Alfonso Moreno | Page 61 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #1,201
  • Aug 20, 2013 5:36am Aug 20, 2013 5:36am
Quoting panoramia
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 {image} {quote}
Than's again

so that is why pracise is all we need
  • #1,202
  • Aug 20, 2013 5:46am Aug 20, 2013 5:46am
Alfonso,

When do you move your stop to breakeven on a trade?
  • #1,203
  • Aug 20, 2013 5:49am Aug 20, 2013 5:49am
Normally at 2:1 under normal circumstances in a momentum trade (in a trending market).
When the trade is at a higher timeframe SD area, I used to do the same but now I am changing it. My SL will be moved to Breakeven after 4 or 5:1, I will use technical stops moving my SL above/below newly created areas. That's the logic.

Alfonso

Quoting Axlz
Alfonso, When do you move your stop to breakeven on a trade?
Set and Forget supply and demand trading community
  • #1,204
  • Aug 20, 2013 5:51am Aug 20, 2013 5:51am
Quoting panoramia
Normally at 2:1 under normal circumstances in a momentum trade (in a trending market). When the trade is at a higher timeframe SD area, I used to do the same but now I am changing it. My SL will be moved to Breakeven after 4 or 5:1, I will use technical stops moving my SL above/below newly created areas. That's the logic. Alfonso {quote}
Oh, so you don't set a TP at the next lower TF level of demand/supply? You just keep adding positions and moving your SL to follow ?


And your final TP would be the next higher TF supply/demand?
  • #1,205
  • Aug 20, 2013 5:54am Aug 20, 2013 5:54am
Hi Alfonso,

Really good stuff in here! Thank you!
  • #1,206
  • Aug 20, 2013 5:57am Aug 20, 2013 5:57am
Yes, that's the idea I am working at right now. I am gaining the confidence to do that, working on it. I'm not that experienced yet on letting the trades run, but that's the idea, it will all be automated so I shouldn't touch anything. The more time I am away from my trading platform, the better

LOCATION, LOCATION, LOCATION. It's important to know where you are located in order to manage your profits, SL, and breakeven.

Once you know you are at nice higher timeframe fresh area, you should just let it run and don't move your breakeven until some opposing H4 levels have been taken out, once that's happened, move your SL above/below previous valid setup in the same direction, and scale in (reload)

Alfonso


Quoting Axlz
{quote} Oh, so you don't set a TP at the next lower TF level of demand/supply? You just keep adding positions and moving your SL to follow ? And your final TP would be the next higher TF supply/demand?
Set and Forget supply and demand trading community
  • #1,207
  • Aug 20, 2013 8:00am Aug 20, 2013 8:00am
Stopped out on that gold trade.
  • #1,208
  • Aug 20, 2013 8:41am Aug 20, 2013 8:41am
Hi

I wanted to buy nzd usd.

Daily demand area confirmed on h1.
Missed the trade by 2 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzd usd d1.PNG Size: 112 KB
Click to Enlarge Name: nzd usd h1.PNG Size: 96 KB
  • #1,209
  • Aug 20, 2013 8:47am Aug 20, 2013 8:47am
hi alfonso!
great thread going on here..
i wonder if i can get your input regarding the sp charts.

basically my main Q is if the daily zone i marked is a valid zone to look for some bulls strength or is it just a speed bump on the bears way further down?
(bc recent high is all time high and not a reaction to any zone on the left im a bit hestiant to say that the trend has switched to downtrend on HTF ,also no real demand has yet to be broken..thats basically why im still not sure i can treat it as a speed bump )

if bears do over come this area,are they aiming for the extreme point marked with "A" in ur opinion?

*im having issues up loading 2 pics so i have to do it in 2 different posts.

thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: SPD.jpg Size: 46 KB
  • #1,210
  • Aug 20, 2013 8:49am Aug 20, 2013 8:49am
4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: sp4.jpg Size: 84 KB
  • #1,211
  • Aug 20, 2013 9:06am Aug 20, 2013 9:06am
Hi Alfonso. This is truly an insightful thread on how to trade supply and demand.
Enter Signature
  • #1,212
  • Aug 20, 2013 9:13am Aug 20, 2013 9:13am
Regarding your latest webinar and on the AUD/USD of the weekly chart, I notice your demand zone is highlighted in grey and why is it not the blue area as this is the zone that violated previous supply? You also mentioned about the weekly supply zone which I have highlighted in green unfilled box. Is it a valid supply zone as it has not absorbed any demand zone yet.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdfxfweekly.png Size: 42 KB
Enter Signature
  • #1,213
  • Aug 20, 2013 10:07am Aug 20, 2013 10:07am
Quoting sebkor6
Hi there, attached aud cad I took short, after creating new supply h1 level in the daily supply area. Let's see if it will be ok {image} {image}
I added 1 more position on h4 supply zone
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.PNG Size: 106 KB
  • #1,214
  • Aug 20, 2013 10:59am Aug 20, 2013 10:59am
found pretty good set up on USDCAD just now..
try to draw SNR manually...

done several analysis on D1 chart...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 49 KB


entry position within H4 chart...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 43 KB
  • #1,215
  • Aug 20, 2013 11:20am Aug 20, 2013 11:20am
hi alfonso,

thanks for your nice thread.

i downloaded your template whcih is very nice! thanks for your hard work.

this is my limit sell on au. what do you think?

speedbump h4 with nice profit margin. and w1 trend down.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #1,216
  • Aug 20, 2013 11:30am Aug 20, 2013 11:30am
Quoting fandarana
hi alfonso, thanks for your nice thread. i downloaded your template whcih is very nice! thanks for your hard work. this is my limit sell on au. what do you think? speedbump h4 with nice profit margin. and w1 trend down. {image}
Alfonso say, doji candle is not considerd as a base
JacekPreserve Precious Capital
  • #1,217
  • Edited 12:08pm Aug 20, 2013 11:39am | Edited 12:08pm
Hi traders,

Anyone is watching this Daily GBPUSD Chart?
Attached Image (click to enlarge)
Click to Enlarge Name: 20130820-12h36m06s.png Size: 45 KB


USD Index
Attached Image (click to enlarge)
Click to Enlarge Name: 20130820-13h07m02s.png Size: 34 KB
  • #1,218
  • Aug 20, 2013 11:39am Aug 20, 2013 11:39am
Quoting gembel
found pretty good set up on USDCAD just now.. try to draw SNR manually... done several analysis on D1 chart... {image} entry position within H4 chart... {image}
Have bad feeling your supply zone is not drawn properly, has been three times already consumed, if trade will work out this will hapen from new zones formed after previouse ones, I am not an expert, just fresh after webinar...
JacekPreserve Precious Capital
  • #1,219
  • Aug 20, 2013 12:05pm Aug 20, 2013 12:05pm
Quoting Jackub
{quote} Have bad feeling your supply zone is not drawn properly, has been three times already consumed, if trade will work out this will hapen from new zones formed after previouse ones, I am not an expert, just fresh after webinar...

yeap been retesting several time on that zone..3 probabilites..whether break up, consolidate then retest down again...
technically my main concern was bearish engulfing momentum on higher TF.. after retest on WK supply, up movement struggle cant break this area. with WK supply above this zone maybe gonna be solid for awhile.
this sept really gonna thrill for dollar since the FED gonna discuss about tappering again, maybe will give big impact..
tomorrow within US existing home sales maybe gonna be spike up for ucad....
just my 2cents CMIIW
  • #1,220
  • Edited 1:02pm Aug 20, 2013 12:27pm | Edited 1:02pm
Alfonso,

I entered another short trade for Gold at the pink zone.

Good?



Attached Image (click to enlarge)
Click to Enlarge Name: xauusdpink.png Size: 37 KB



R:R Should have been good, as it went down quite a lot afterwards.

It is not 2:1 R:R till the next supply level, but I'm assuming R:R is measured as the distance until price retraces back to the zone itself, right? Not measured to the next zone created?
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