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Attachments: Supply and demand in a nutshell by Alfonso Moreno
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Supply and demand in a nutshell by Alfonso Moreno

Hi there.

Attached gbp aud.
I think, that we should be prepared to sell.
We are in the monthly and weekly supply area.
I will be looking for some confirmation on h4.
In this trade, patience is all we need
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gb aud mon.PNG Size: 91 KB
Click to Enlarge Name: gb aud week.PNG Size: 101 KB
Click to Enlarge Name: gbp aud h4.PNG Size: 98 KB
Quoting panoramia
Hi Axlz! Why didn't you take that trage on EURGBP? If it was a valid setup, why didn't u? EURGBP is not on my pairs list, it was but now it's not, so I didn't see that trade. If the level is 4 pips wide, what is the problem? That's even better. EURGBP does not have much volatility and levels are normally pretty small even on H4. In the end, since our mind tends to intervene too much, we manage to choose the levels that don't work out and skip the ones that do work! Is there a good Houston neurologist that can work on those issues on all of us...
Just as price entered the zone, there was a GBP news announcement, and since 4 pips is very small SL, there was a high chance of being stopped out if the news was against me.
Hello Alfonso. I am now using MT4 but the rectangle extender indicator is not working. Nothing came out when I clicked on the EA from the navigator section.
Enter Signature
Quoting empresswa29
Hello Alfonso. I am now using MT4 but the rectangle extender indicator is not working. Nothing came out when I clicked on the EA from the navigator section.
Right click and go to the indicator list.

Select the rectangle indicator, and make sure all timeframes are selected. I had a problem where the default would not shower higher TF.
Hi Alfonso,

I do have a question regarding the combination of timeframes.
As you mentioned on your first post and in your last webinar, we should always use the right combination of timeframes:
Should we concentrate on one of the configurations below (which suits best to our style), or use every configuration? Do you look on every configuration (swing / intra / position)?
Many thanks for your explanation.

--------------------------------------------------------------------------

SWING TRADING CONFIGURATION:
I use these timeframes when trading H4 levels:

- WK is my supply/demand curve (extremes controlling price, more on this below)
- D1 as trend direction (trend direction is optional)
- H4 is the chart where I draw and pick my levels up, where I will set my orders. I will use the H1 timeframe to drill a H4 level down if it's too wide for me, else I won't take it. I will not zoom in and look for levels on lower timeframes above or below that area because it's the H4 area that interest me, if the level itself is on H4 then I have to base my decisions on that timeframe, the one I use for my entries as defined here. Otherwise we'll be chasing the trade and finding what we want to see on the charts, not what the market has to offer us at that particular area.

INTRADAY TRADING CONFIGURATION:
If I concentrate on H1 levels (for intraday) then it will change my timeframes to these:

- D1 is my supply/demand curve (extremes controlling price)
- H4 as trend direction (trend direction is optional)
- H1 would the chart where I draw the levels, where I will set my orders. Do not switch timframes to find what you want to see.

POSITION TRADING CONFIGURATION:
If I focus on D1 levels (for position) then it will change my timeframes to these:

- MN will be my supply/demand curve (extremes controlling price)
- WK is my trend direction (trend direction is optional)
- D1 would the chart where I draw the levels, where I will set my orders
Hello Alfonso! I look at the history of EURJPY. I seen some H4 levels that is not worked. Maybe i missed something? Thank you! Another one on h1 short recently?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 137 KB
Click to Enlarge Name: eurjpy1.png Size: 168 KB
Quoting bobyv87
Hello Alfonso! I look at the history of EURJPY. I seen some H4 levels that is not worked. Maybe i missed something? Thank you {image}
Whatever zone you've marked on your chart is neither a supply nor demand zone. It is nothing.
Quoting bobyv87
Hello Alfonso! I look at the history of EURJPY. I seen some H4 levels that is not worked. Maybe i missed something? Thank you {image}
Which levels do you mean??
A couple of things here Boby, very important:

  1. First one and most important: NOT ALL LEVELS WORK. The methodology will not give you 100% accuracy, not even 80%. So we start from there
  2. We have a score system to validate levels, if you learn how to use it then you will have many uneccesary losses
  3. Multiple timeframe analysis. If you don't do that, then you will take many losses, because you will not not your LOCATION
  4. Location is key! You have to know where you are, so refer to point number 3

Also, you have not pointed out any levels on the charts. You have to be specific and draw them on your charts, add some comments, etc. If you don't do that we can't help you. We can't do that work for you, we can't know what you are thinking unless you point all those levels out on the charts and we know which were your D1/WK supply and demand in control. It would be like looking at the trees instead of the forest. It's as simple as that.

EURJPY has been ranging lately, so no trading for me for some time on that pair.

That area of supply is not valid, previous valid demand was hit and EJ was in an uptrend on higher timeframe I believe. Like I said, you need to know where you are.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 128 KB


Alfonso
P.S. My recommendation, watch the videos a few times. You will learn how and when to use speedbumps, locate higher timeframe areas, etc. That's key.

Quoting bobyv87
Hello Alfonso! I look at the history of EURJPY. I seen some H4 levels that is not worked. Maybe i missed something? Thank you {image}
Set and Forget supply and demand trading community
This is a KEY question Peter.

Concentrate on one timeframe combination only. Either D1/H1, WK/H4, or MN/D1. It all depends on which kind of trader you are.

Choose just one combination!
Alfonso

Quoting Forex Lion
Hi Alfonso, I do have a question regarding the combination of timeframes. As you mentioned on your first post and in your last webinar, we should always use the right combination of timeframes: Should we concentrate on one of the configurations below (which suits best to our style), or use every configuration? Do you look on every configuration (swing / intra / position)? Many thanks for your explanation. -------------------------------------------------------------------------- SWING TRADING CONFIGURATION: I use these timeframes when trading H4...
Set and Forget supply and demand trading community
Quoting Axlz
{quote} Whatever zone you've marked on your chart is neither a supply nor demand zone. It is nothing.

Its easy to say that... but its really hard to explain why this is not a supply or demand zone!
Quoting panoramia
A couple of things here Boby, very important: First one and most important: NOT ALL LEVELS WORK. The methodology will not give you 100% accuracy, not even 80%. So we start from there We have a score system to validate levels, if you learn how to use it then you will have many uneccesary losses Multiple timeframe analysis. If you don't do that, then you will take many losses, because you will not not your LOCATION Location is key! You have to know where you are, so refer to point number 3 Also, you have not pointed out any levels on the charts. You...
I thinking that your rectangle indicator what i put in the chart help you to see that you are high in the weekly curve. In D1 you are right: its an uptrend but is nothing to stop you until weekly demand. I wanted to use h4 level as a confirmation trade.
I replied to your post up there Boby! It's not easy to explain either, trying my best.

Watch the webinar on Trendlines, also this Monday's webinar and you will understand MUCH better. Use a combination on trendlines and curve to know if the speedbumps are valid or not. The levels you drew are speedbumps. Speedbumps are very powerful in a trending market, the worst pattern if against the trend on the timeframe where the speedbump has been located.

Alfonso
Quoting bobyv87
{quote} Its easy to say that... but its really hard to explain why this is not a supply or demand zone!
Set and Forget supply and demand trading community
Confirmation trades are only used in the system when we are at higher timeframe supply and demand areas, not in the middle of the curve, only at the extremes Boby! You confirm that the bigger fishes are still interested in that area. If you do it in other areas, those SD you find could be just corrections.

Alfonso
Quoting bobyv87
{quote} I thinking that your rectangle indicator what i put in the chart help you to see that you are high in the weekly curve. In D1 you are right: its an uptrend but is nothing to stop you until weekly demand. I wanted to use h4 level as a confirmation trade.
Set and Forget supply and demand trading community
Quoting panoramia
This is a KEY question Peter. Concentrate on one timeframe combination only. Either D1/H1, WK/H4, or MN/D1. It all depends on which kind of trader you are. Choose just one combination! Alfonso {quote}
Thank you Alfonso! Maybe i have too much combination what i use! M1/Wk/D1/H4. If i use just two combination eg: D1/h1, should i take into account W1 S/D levels? Its too much Tf's for me!
Hi,
GBPUSD price reaches Weekly demand area.
Imagine that it's live, where would you take long trade?
This is H4.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 36 KB


Alessandro
Boby, I told Peter about the timeframe combination above:

Concentrate on one timeframe combination only. Either D1/H1, WK/H4, or MN/D1. It all depends on which kind of trader you are.

Normally withing a WK SD area there will be D1 SD areas. So concentrate on 2 timeframes, choose the combo you like the most. D1/H1 for intra-swing trading, and WK/H4 for longer term swing trading, and don't even look at the other charts.

Hide the timeframe buttons you are not going to use on Metatrader, and only be aware of those you choose, that's all. You will see that in short you will start improving because your mind will not have to take into account so many timeframes and information.

Use the trendline idea you can watch on the videos, the spreadsheet I created, as well as the rectangle extender indicator, that should put you on the right track in a few weeks!

And the most important thing, this is KEY. JUST DO IT! Don't find excuses not to do it, hide those TFs you are not going to use and concentrate on those you use only, the D1/H1 is a VERY powerful combination, start with that one and HIDE all the other timeframes, that should help you and others with your same problem a LOT.

Alfonso
Attached Image


Quoting bobyv87
{quote} Thank you Alfonso! Maybe i have too much combination what i use! M1/Wk/D1/H4. If i use just two combination eg: D1/h1, should i take into account W1 S/D levels? Its too much Tf's for me!
Set and Forget supply and demand trading community
Hi,
attached aud chf

We are in the weekly demand area. There is also demand (new) area on daily.
H1 gave me a confirmation. Let's see if it will work.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud chf week.PNG Size: 102 KB
Click to Enlarge Name: aud chf d.PNG Size: 95 KB
Click to Enlarge Name: aud chf h1.PNG Size: 92 KB
Quoting panoramia
Boby, I told Peter about the timeframe combination above: Concentrate on one timeframe combination only. Either D1/H1, WK/H4, or MN/D1. It all depends on which kind of trader you are. Normally withing a WK SD area there will be D1 SD areas. So concentrate on 2 timeframes, choose the combo you like the most. D1/H1 for intra-swing trading, and WK/H4 for longer term swing trading, and don't even look at the other charts. Hide the timeframe buttons you are not going to use on Metatrader, and only be aware of those you choose, that's all. You will see...
Hi Bobyv,

that's a good point, just make a right-click on your time-frame (period) toolbox and disable all the timeframes you do not need. For intraday choose only D and H1:
Attached Image (click to enlarge)
Click to Enlarge Name: usdsgd-h1-excel-markets.png Size: 174 KB
Hi Alphonso,

Regarding the nzdusd, did you first wait for the trendline to break, and now wait for pullbacks . Am i making sense. On the daily around 0.81647 was a level around 25-27 may. now it formed a nice reversal candle, after that i took the short.

There was also a level around 30/7/13 although it wasnt fresh.

Lastly on 13 aug we had a DBR , did anyone try a long there , according to you are we low on the curve.

Personally I am dollar bullish , so I ignored the long. I need to learn to keep my views away from trading and just trade the charts
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