Set and Forget supply and demand trading community
Supply and demand in a nutshell by Alfonso Moreno
- #1,743
- Edited 1:08pm Aug 30, 2013 12:55pm | Edited 1:08pm
Hi,
I developed this indicator, from yesterday to today, that helps me to trace open trades and other.
I want to be very precise, respecting percentage and to know where i'm going.
I'm ok to share it with you.
You have only to open a clean chart and aplly the template.
Remember to apply the template to a pair that is very liquid (if you want to see fast changes) because the indicator is updated only when the pair update, only when the pair move at least of 1 pip.
Hope you enjoy.
Alessandro
I developed this indicator, from yesterday to today, that helps me to trace open trades and other.
I want to be very precise, respecting percentage and to know where i'm going.
I'm ok to share it with you.
You have only to open a clean chart and aplly the template.
Remember to apply the template to a pair that is very liquid (if you want to see fast changes) because the indicator is updated only when the pair update, only when the pair move at least of 1 pip.
Hope you enjoy.
Alessandro
- #1,745
- Edited 2:00pm Aug 30, 2013 1:35pm | Edited 2:00pm
- | Commercial User | Joined Aug 2011 | 3,559 Posts
Set and Forget supply and demand trading community
- #1,749
- Edited 5:42am Aug 31, 2013 5:09am | Edited 5:42am
{quote} Hi Alfonso, could i ask why you have the level 155.882 marked as fresh. I placed a horizontal line at its peaked and traced back its origin and it is a reaction to a previous level, albeit not the best level. Is there a reason you have marked it as fresh instead of OG? P.S I know it is fresh by looking to the right. But if you look to the left it is a reaction to a previous level. Could you clear my thinking on this one please because i drew it as og and touched. Nick
It seems the zone would be neither original, nor would it be fresh?
- #1,759
- Aug 31, 2013 7:07am Aug 31, 2013 7:07am
I thought i would share how i define where to trade and where not to trade on a chart. (All using alfonsos methodology).
SUPPLY
1. From the orange line (top) to the blue line i am allowed to open trades.
2. From the blue line to the green line i am NOT allowed to open any new trades, but i am allowed to let open trades fall down until the 50% area.
DEMAND
3. From the orange line (Bottom) to the red line i am allowed to open new trades.
4. From the red line to the green line i am NOT allowed to open new trades but i am allowed to let any prior open trades run up to the 50% area.
How to draw the lines?
Simply place a Fibonacci with levels 0,30,50,70,100 at the supply and demand in control. Then place horizontal lines at the 30,50,70 points.
The above lines are just to explain where to trade. Once you know the methodology you can draw them like this (Below) to keep the screen clean.
NT
SUPPLY
1. From the orange line (top) to the blue line i am allowed to open trades.
2. From the blue line to the green line i am NOT allowed to open any new trades, but i am allowed to let open trades fall down until the 50% area.
DEMAND
3. From the orange line (Bottom) to the red line i am allowed to open new trades.
4. From the red line to the green line i am NOT allowed to open new trades but i am allowed to let any prior open trades run up to the 50% area.
How to draw the lines?
Simply place a Fibonacci with levels 0,30,50,70,100 at the supply and demand in control. Then place horizontal lines at the 30,50,70 points.
The above lines are just to explain where to trade. Once you know the methodology you can draw them like this (Below) to keep the screen clean.
NT
Keep your blades sharp!