Supply and demand in a nutshell by Alfonso Moreno

Quoting Axlz

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Alfonso, What do you think of my limit order on AUDNZD 1H? Daily supply is in control. Departure wasn't very good, but it is still valid going by our rules. {image}

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Quoting panoramia

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{quote} In my opinion, that supply is compressed, not a good area to short, too much trading in the zone. If you analyze the level with the 6 odds enhancers, you won't get a nice score. AUDNZD is not on my list of pairs since I trade audjpy and audcad, but I loaded the charts and saw that it's MUCH better to trade higher at the D1 supply area, there are 2 nice H4 supply areas there. The H1 chart is too compressed and no real imbalance. Just look at the H4 chart and you will see what I mean. Those 2 H4 supply areas have MUCGH higher odds of working...

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Quoting Axlz

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{quote} Will do. Thanks again Alfonso! I owe you one. You saved me and I deleted the limit order as price spiked 27 pips towards my limit order.

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Quoting sebkor6

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{quote} I took NASDAQ emini according to h4 supply. I can't say if the daily supply was original or not, because i couldn't look that far in the past. {image} {image}

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Quoting sebkor6

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{quote} NASDAQ as we expected. Now, where we should place our TP order... {image}

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Quoting Axlz

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Looks like we have GBPUSD moving down again. Time to look for shorts if I see demand being taken out. Also looking for shorts on GBPCHF.

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Quoting Stefaan

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{quote} GBP is going south true the first demand zone :-)

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Quoting panoramia

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{quote} Congratulations on that Nasdaq e-mini short Sebastian, I am sad I am not riding it with you. My EA didn't trigger that trade, as well as the Russell 2000 index, but well, those things happen! On to next ones! Where to place the TP? I would do one thing. I would lock in some pips, that is, move the SL above last week high (blue beads) 3126.60 and expect price to drop further to the opposing D1 demand level where I would have my TP a few points above. Alfonso {image}

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Quoting Axlz

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{quote} Yup. We have to be careful though. We are close to a daily demand zone.

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Quoting sebkor6

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{quote} Thank you for answer. On picture the right demand area. I have noticed a big imperfection of automatic sup dem. It's a lot better to draw them manually (especially on higher timeframes). Sometimes, because of the automatic sup dem, i am a litle bit confused. I need a lot of practice...nothing else... {image}

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Quoting panoramia

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{quote} The automatic SD indicator can "help" you many times, but I always draw my higher timeframes and H4 supply areas manually. What I do is that sometimes I activate the auto SD indi to see what it does, but since speedbumps are not drawn by the auto SD indi and sometimes levels are not that well painted, I do that manually most of the times. We have to know what the picture of a good SD area is, and that should be all. The auto SD indi helps, but nothing like knowing what the auto SD indi should be doing or if it's not doing it the way you...

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Quoting Stefaan

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{quote} Hi Alfonso, I do it the other way around for my training. I paint all zones manually and then i look wat the indicator has to show for. Thx 4 everything Alfonso

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Quoting Stefaan

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This is my next trade that is triggerd on USDCAD H4 {image}

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Quoting sebkor6

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{quote} looking for this too, but my level is a bitt higher, at 1.0547 {image}

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Quoting sebkor6

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{quote} looking for this too, but my level is a bitt higher, at 1.0547 {image}

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Quoting Axlz

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{quote} That is where my level is, too. But I'm not sure I want to go short on USDCAD at the moment. It doesn't seem to have any clear direction and is consolidating.

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Quoting Stefaan

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{quote} Yes you can be wright. My entrys are always to soon :-) Most of the time i am caught in the consolidations. Thats because a have not enough experience. Im working on it :-)

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Quoting panoramia

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{quote} Hi Ash! I've been working very hard lately doing lots of forward testing and backtesting, and yes it's better not to move stop loss to breakeven too soon when you are in higher timeframe areas and you expect a nice bounce or reversal, 4-5 to 1 would be ideal or when an important opposing area has been taken out. Price needs breathing room. The only thing that stops most of us from doing it is the false feeling that we're safer with a breakeven and the fear to losing the trade... but then see what happens. In September I will be adding some...

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