Supply and demand in a nutshell by Alfonso Moreno | Page 101 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #2,001
  • Sep 5, 2013 4:01am Sep 5, 2013 4:01am
Quoting panoramia
{quote} You don't need to add the indicator over and over on your pairs. Why? You just overwrite the one you have and the effects will take place automatically on all pairs. UNLESS you are using a different color configuration with your color templates, then I would understand! Alfonso
Yes im using a different color config.
Keep your blades sharp!
  • #2,002
  • Sep 5, 2013 4:12am Sep 5, 2013 4:12am
We took the same basing candle, but I see that your proximal is based on the candles on the right of the basing candle, for what reason did you choose this level?

Thanks for pointing out the differences in charts caused by different brokers and feed time, I'm aware of this
  • #2,003
  • Sep 5, 2013 4:22am Sep 5, 2013 4:22am
Quoting Reacto
We took the same basing candle, but I see that your proximal is based on the candles on the right of the basing candle, for what reason did you choose this level? Thanks for pointing out the differences in charts caused by different brokers and feed time, I'm aware of this
The close of the red MN candle base on August 2009 was 133.45, I had it wrong at 133.37. My level is based on the left peak area that year! I just had some pips wrong. 45 is my MN proximal line now!

Alfonso
Set and Forget supply and demand trading community
  • #2,004
  • Sep 5, 2013 4:39am Sep 5, 2013 4:39am
Quoting panoramia
{quote} The close of the red MN candle base on August 2009 was 133.45, I had it wrong at 133.37. My level is based on the left peak area that year! I just had some pips wrong. 45 is my MN proximal line now! Alfonso
There you have a clear example of a difference caused by time feed my close is 133,667 Oanda so EST

thanks for the explanation, see you on the webinar
  • #2,005
  • Sep 5, 2013 4:41am Sep 5, 2013 4:41am
Quoting handy148
Alfonso - I can't understand why but your support and resistance indi does not show up on my charts.
Check that all timeframes have been selected.

Right click chart > Indicators > Support and resistance > Timeframes.
  • #2,006
  • Sep 5, 2013 4:42am Sep 5, 2013 4:42am
Planning a long on H4 demand area on NZDCHF.
This is a new pair I've just added to the Kiwi collection, I love kiwis, it's one of my favourite fruits

Strong imbalance at 0.7394, fresh and original level of supply after the last week high (blue beads) have been solidly broken). H4 ascending trendline is being respected, supply being taken out and demand being respected after WK low hit. Low in the W1 curve, so I am going to try if this swing long works on NZDCHF.


Alfonso
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Set and Forget supply and demand trading community
  • #2,007
  • Sep 5, 2013 4:50am Sep 5, 2013 4:50am
Quoting panoramia
{quote} It looks like I was triggered on the EURUSD H4 short supply. I didn't miss that one "luckily"! Let's see what happens because today there are big news. On this one, I will move my SL to Breakeven prematurely, because market can be very volatile today and tomorrow. {image} USDCHF, euro's mirror is pulling back to the D1 distal line H4 supply area, used-up area. This could be the time that the D1 supply is broken, hopefully it will, and if it does my EURUSD short will work nicely. {image} The $index has fully penetrated to the pip (82.56)...
Alfonso, you are closer to daily demand, I wait here for brand new fresh demand on h1 to go long.
  • #2,008
  • Sep 5, 2013 4:55am Sep 5, 2013 4:55am
This is an example on AUDCAD of why we should draw our D1 zones properly and know at all times how high or low we are in the curve.

  1. The D1 supply area has been hit, that fact negates all lower timeframe entries on H4/H1
  2. We're too high in the curve and demand areas are likely to be taken out
  3. I am not going to buy into a d1 supply even if it's a reaction to another
  4. Another thing is I might be long from much lower and I want to lock in some profits, trail my trade and see if it wants breaks that D1 supply area, but I will never add brand new positions when price is that high

Hope that's clear! I believe it's common sense. We swtich to another pair and look for other opportunities, or a short opportunity, but never a long.
Alfonso

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Set and Forget supply and demand trading community
  • #2,009
  • Sep 5, 2013 4:58am Sep 5, 2013 4:58am
Quoting bobyv87
{quote} Alfonso, you are closer to daily demand, I wait here for brand new fresh demand on h1 to go long.
Room to drop to previous unfresh D1 demand area, that's why I took the trade on H4. It was valid as per my rules. Last month low (red beads) at 1.3173 is holding though.

I just followed my plan, I am protected so I might get a breakeven! So next one!
Alfonso
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Set and Forget supply and demand trading community
  • #2,010
  • Sep 5, 2013 5:00am Sep 5, 2013 5:00am
Quoting panoramia
{quote} Room to drop to previous unfresh D1 demand area, that's why I took the trade on H4. It was valid as per my rules. Last month low (red beads) at 1.3173 is holding though. I just followed my plan, I am protected so I might get a breakeven! So next one! Alfonso {image}
THere is still lots of room till next demand on my charts, as there is on yours. SHould be OK.
  • #2,011
  • Sep 5, 2013 5:59am Sep 5, 2013 5:59am
hi alfonso, is this good set up.price pull back from a brand new demand area with in daily demand area.
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  • #2,012
  • Sep 5, 2013 6:13am Sep 5, 2013 6:13am
I am done for today on my trading. No more trading till Monday! Big news so no trading!

See you on the webinar at NY Open, 40 minutes left. If you are still interested in joining, send me a personal message with your email and I will send you the link!

Alfonso
Set and Forget supply and demand trading community
  • #2,013
  • Sep 5, 2013 6:27am Sep 5, 2013 6:27am
Quoting panoramia
I am done for today on my trading. No more trading till Monday! Big news so no trading! See you on the webinar at NY Open, 40 minutes left. If you are still interested in joining, send me a personal message with your email and I will send you the link! Alfonso
Anyone take this trade? EUR/AUD (D1/H1 combo). I have moved my SL to break even because of the news.

I am currently up 96 pips.

Daily
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H1
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OG Fresh level
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NT
Keep your blades sharp!
  • #2,014
  • Sep 5, 2013 6:43am Sep 5, 2013 6:43am
Hi again Alphonso,
These are the answers you gave me to my problems with the indicators but I still have problems as shown with questions below answers:

1. Right click your chart, Go to indicators, click on the Support/resistance indicator, and make sure all timeframes are selected.

1. All time frames are selected but still it does not show on chart?

2. It does not show 5 ticks past price. Those 5 pips you have to add as wiggle room on the 1h.

2. I meant to say that my rectangles finish in line with the price and not beyond it for 5 candles as your do - still problem.

3. My zones are not filled in? They only show the trendlines/outlines of the zones.

3. When I click on rectangle properties, all it show is 'common, parameters and visualization' and all time frames are enabled. there is no rectangle reader enable feature?

4. Make sure you have the rectangle reader indicator enabled. Maybe that will solve this issue. If not, you can always simply measure it by hand.

3. When I click on rectangle properties, all it show is 'common, parameters and visualization' and all time frames are enabled. there is no rectangle reader enable feature?

Thank you again for your patience.
Rob
  • #2,015
  • Sep 5, 2013 6:43am Sep 5, 2013 6:43am
Hello! I waiting this for today
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  • #2,016
  • Sep 5, 2013 6:46am Sep 5, 2013 6:46am
Quoting rtb
Hi again Alphonso, These are the answers you gave me to my problems with the indicators but I still have problems as shown with questions below answers: 1. Right click your chart, Go to indicators, click on the Support/resistance indicator, and make sure all timeframes are selected.1. All time frames are selected but still it does not show on chart? 2. It does not show 5 ticks past price. Those 5 pips you have to add as wiggle room on the 1h.2. I meant to say that my rectangles finish in line with the price and not beyond it for 5 candles as your...
I was the one that gave you the answers, but I am not Alfonso.

I'm not really sure how to address these issues. I'm not sure I fully understand some of them, so pictures may help in doing so.


In regards to the rectangle reader I was referring to, it is an indicator you must download and apply - same as the supply and demand indicator.

I will attach it here for you. This may fix some of your problems.


Attached File(s)
File Type: ex4 RectangleReader.ex4   18 KB | 497 downloads
  • #2,017
  • Sep 5, 2013 6:55am Sep 5, 2013 6:55am
Thank you Axlz, for the indicator, I will try it shortly and with regards to my other concerns I will post a chart to show you and see if you can help me.

Thanks again
  • #2,018
  • Sep 5, 2013 7:09am Sep 5, 2013 7:09am
I loaded the rectangle reader indicator and all time frames are enabled but I don't see any difference?

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  • #2,019
  • Sep 5, 2013 7:12am Sep 5, 2013 7:12am
Quoting rtb
I loaded the rectangle reader indicator and all time frames are enabled but I don't see any difference? {image}
There is currently a webinar in progress. I suggest you watch it, and learn how to draw the zones manually. The S&D indicator sometimes makes mistakes, and does not draw speedbumps.

Join the webinar. There is a post about it here http://www.forexfactory.com/showthre...428204&page=96

Maybe it will answer some questions you have.
  • #2,020
  • Sep 5, 2013 9:17am Sep 5, 2013 9:17am
I hope the webinar was a success, wish I could have made it but I was in a meeting at work. Came back to my desk and noticed a nice trend continuation trade on USDCHF 4hr chart that I wished I had seen to take.

Nice 4 hr DBR within a Daily supply zone. We are above and holding the TL and in fact the base formed into the TL. On news we broke the distal of the Daily / 4hr supply zone and came back to test the base which was the source of the break.

Trade would be approacing 5:1 now... Ah well onto the next one.
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Today's zone = Tomorrow's opportunity!
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