Supply and demand in a nutshell by Alfonso Moreno | Page 103 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #2,041
  • Sep 6, 2013 2:46am Sep 6, 2013 2:46am
Very nice Sebkor!
  • #2,042
  • Sep 6, 2013 2:48am Sep 6, 2013 2:48am
Quoting sebkor6
{quote} eur cad in target too +319 pips. RR the same 1:9,9 Thank's Alfonso for everything !!! {image} {image}
You don't need to thank me Sebastian. It was you who took those trades, not me! You did the great job to hold them and so on! A trading plan or methodology is nothing if you don't follow it and execute it! You did, so congratulations!!!

Alfonso
Set and Forget supply and demand trading community
  • #2,043
  • Sep 6, 2013 3:19am Sep 6, 2013 3:19am
Quoting bam5555
Hello.... This is a great way of trading.. I am new ...I can't get the % on D1 Wk Mn they just read 0%... If I am missing something please advise
The colors of the rectangles must be the correct color. Look at the first page or your indicator settings to see what those colors are.
  • #2,044
  • Sep 6, 2013 3:24am Sep 6, 2013 3:24am
Hey Alfonso, i have been executing my trades without a proper trading plan, because i have so many notes on SD i dont know where to start when creating a trading plan. I think, actually i know that this is the cause of many of my losses.

Could you possibly in the future make a video on the proper construction of a trading plan? I dont mean yours specifically, i mean what it should include.

Nick
Keep your blades sharp!
  • #2,045
  • Sep 6, 2013 3:25am Sep 6, 2013 3:25am
Quoting bam5555
Hello.... This is a great way of trading.. I am new ...I can't get the % on D1 Wk Mn they just read 0%... If I am missing something please advise
Quoting Axlz
{quote} The colors of the rectangles must be the correct color. Look at the first page or your indicator settings to see what those colors are.
Hello there!
Welcome to the thread!
That problem is explained on the indicator's description. I mean, those % will not be calculated:

  1. if you don't draw the rectangles with the right colors (you can check the colors under the rect's indicator input variables when editing its properties. Default colors are Brown for supply, and Blue for demand. Colors other than those will not be detected so the % will be set to 0
  2. if you don't draw the rectangles manually

Do that and your problem should be fixed!

Alfonso

Set and Forget supply and demand trading community
  • #2,046
  • Sep 6, 2013 3:36am Sep 6, 2013 3:36am
Quoting Nametaker
Hey Alfonso, i have been executing my trades without a proper trading plan, because i have so many notes on SD i dont know where to start when creating a trading plan. I think, actually i know that this is the cause of many of my losses. Could you possibly in the future make a video on the proper construction of a trading plan? I dont mean yours specifically, i mean what it should include. Nick
Hey Nick!

The first post is a compilation of rules and videos that will help you set up a trading plan.
Do one thing, try to synthetize all those rules you have and make one single clear document out of it. Once you do that, send it to me and I will see what we can do about it.

You need to do your homework in your mind, having another's trading plan or too much help is not the way. Why? You need to learn to fish, your mind needs to realize what you have to do, why and when. Reading a book on medicine won't make you a doctor. Reading a trading plan won't make you a good trader. The rules in the trading plan must be rules that you have tested on your bones, after hundreds of failed trades. You wil probably end up at the same place that I ended, but you have to do it yourself unluckily. Why? Our minds work like that! You learn from errors not well laid-out papers and books!

But I will try to make in the future a sort of basic wireframe for a trading plan, I am just too busy trying to get separated from my screen working on a big project! In the meantime, do what I told you. You just need time and be hurt until you get those AHA moments and you will be putting into place each piece of the puzzle little by little. It's the only and best way to go I'm afraid!
Alfonso
Set and Forget supply and demand trading community
  • #2,047
  • Sep 6, 2013 3:38am Sep 6, 2013 3:38am
The colors are correct... I am using MT4... still nothing
  • #2,048
  • Sep 6, 2013 4:12am Sep 6, 2013 4:12am
Quoting bam5555
The colors are correct... I am using MT4... still nothing
Show us a picture.
  • #2,049
  • Sep 6, 2013 4:13am Sep 6, 2013 4:13am
Quoting panoramia
{quote} Hey Nick! The first post is a compilation of rules and videos that will help you set up a trading plan. Do one thing, try to synthetize all those rules you have and make one single clear document out of it. Once you do that, send it to me and I will see what we can do about it. You need to do your homework in your mind, having another's trading plan or too much help is not the way. Why? You need to learn to fish, your mind needs to realize what you have to do, why and when. Reading a book on medicine won't make you a doctor. Reading a trading...
The problem is, i make a trading plan then a week later i will have those aha moments and i have to re-do over and over. And i have got to the point where i dont see a point in making a plan until i can get what is in my head on a piece of paper in a concise way.

But in the meantime i will obviously take your advice Guru Alfonso.

Peace
Keep your blades sharp!
  • #2,050
  • Sep 6, 2013 4:26am Sep 6, 2013 4:26am
I'm sure you have been told this before but I just wanted to thank you for taking the time and patience to explain how you trade your version of supply and demand. The in depth explanations and charts that you have shown is fantastic and I fully appreciate your effort and the fact that you have openly let us in to view a system that has probably taken you a long time to develop.

This might seem a daft question (as I am fairly new at trading) but do you ever see a day that supply and demand trading in the markets has become the most popular way of trading that if nearly everyone is doing it and knows what levels the price is going to react at, that it would seem that the market would never move because of everyone trading the same levels?

Thank you once again.

Cheers
rob
  • #2,051
  • Sep 6, 2013 4:30am Sep 6, 2013 4:30am
Quoting rtb
I'm sure you have been told this before but I just wanted to thank you for taking the time and patience to explain how you trade your version of supply and demand. The in depth explanations and charts that you have shown is fantastic and I fully appreciate your effort and the fact that you have openly let us in to view a system that has probably taken you a long time to develop. This might seem a daft question (as I am fairly new at trading) but do you ever see a day that supply and demand trading in the markets has become the most popular way of...
You have to understand, the forex market is definitely not just retail traders. In fact, we are the EXTREME minority.

Foreign exchange is used around the world for just that, FOREIGN EXCHANGE. Most transactions on the forex market are done for the sake of currency exchange, without any care for the prices at which the exchange is taking place.

For this reason, forex is the biggest and most liquid financial instrument available. We will never have this issue.
  • #2,052
  • Sep 6, 2013 4:42am Sep 6, 2013 4:42am
Quoting rtb
I'm sure you have been told this before but I just wanted to thank you for taking the time and patience to explain how you trade your version of supply and demand. The in depth explanations and charts that you have shown is fantastic and I fully appreciate your effort and the fact that you have openly let us in to view a system that has probably taken you a long time to develop. This might seem a daft question (as I am fairly new at trading) but do you ever see a day that supply and demand trading in the markets has become the most popular way of...
Hi Rob,,, but that is exactly what the market has been doing ever since it started to exist and it will carry till infinity,. Supply and Demand works on orders been placed in the market, so where ever there is the most orders you will get a zone of S/D, so if these orders are always at the same strength so to speak then you will get price action rotating between the same 2 zones ( ranging), not untill a bigger fish with LOADS of money decides to join in and only than the level or zone moves to a new zone and so on etc,,, and there will always big big fish and even bigger fish competing ( this is our human nature).
Regards
  • #2,053
  • Sep 6, 2013 5:55am Sep 6, 2013 5:55am
Thank you Alxz and Georji for your answers as I now have a better understanding now of the forex market.
Cheers
  • #2,054
  • Edited 6:47am Sep 6, 2013 5:58am | Edited 6:47am
Quoting rtb
This might seem a daft question (as I am fairly new at trading) but do you ever see a day that supply and demand trading in the markets has become the most popular way of trading that if nearly everyone is doing it and knows what levels the price is going to react at, that it would seem that the market would never move because of everyone trading the same levels? Thank you once again. Cheers rob
Quoting Georji
{quote} Hi Rob,,, but that is exactly what the market has been doing ever since it started to exist and it will carry till infinity,. Supply and Demand works on orders been placed in the market, so where ever there is the most orders you will get a zone of S/D, so if these orders are always at the same strength so to speak then you will get price action rotating between the same 2 zones ( ranging), not untill a bigger fish with LOADS of money decides to join in and only than the level or zone moves to a new zone and so on etc,,, and there will always...
I completely agree with you Georji, nothing else to add to your great comment.

However, I'd like to add something to Rob's question. Why worrying if supply or demand will stop working (it won't) rather than having a proper education and focus on your trading plan, rules and consistency? Go ahead and plunge into the SD world, it just works! Don't worry about the future, worry about the present time, it's the only thing you can "try" to control!

Alfonso
Set and Forget supply and demand trading community
  • #2,055
  • Edited 6:58am Sep 6, 2013 6:04am | Edited 6:58am
Quoting Nametaker
{quote} The problem is, i make a trading plan then a week later i will have those aha moments and i have to re-do over and over. And i have got to the point where i dont see a point in making a plan until i can get what is in my head on a piece of paper in a concise way. But in the meantime i will obviously take your advice Guru Alfonso. Peace
But that's exactly the way it goes Nick. What's the problem? Or did you expect to make a trading plan when you have not that much experience on SD trading and expect it to hold till eternity?

As you progress in your understanding of supply and demand imbalances, you will be fine tuning your trading plan over and over. I still am doing it with certain nuances every now and then, it's alive! So should be yours, moreover since you are taking the first baby steps into SD trading. Expect that plan to change with those AHA moments, that is a good sign, not a bad sign!

You will be evolving from now on. You have gone throght the first stage of seeing, and the second of believing. Now you have to act! That takes time. It's just the way everything in life is Nick! The trading plan is alive, even more in the beginning stages. After some months it will be more stable, more strict rules, etc.

For example, in my case I used to trade bigs news before normally. Now I am not allowed to trade, I am forced to take my day off. I used to trade at 85% high in the curve as long as the opposing D1 supply zone had not yet been hit, now I don't. Experience! You just need that, and experience can neither be sold nor bought, fortunately

Alfonso
Set and Forget supply and demand trading community
  • #2,056
  • Sep 6, 2013 7:23am Sep 6, 2013 7:23am
Quoting bam5555
The colors are correct... I am using MT4... still nothing

Show us a picture


Here is my Rectangle Reader attached
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 50 KB
Attached Image
  • #2,057
  • Sep 6, 2013 8:07am Sep 6, 2013 8:07am
Quoting bam5555
Quoting bam5555 The colors are correct... I am using MT4... still nothing Show us a picture Here is my Rectangle Reader attached {image} {image}
Same thing... you didn't watch the video or read what I said

YOU HAVE TO DRAW MANUAL RECTANGLES WITH THE RIGHT COLORS IN ORDER TO HAVE THE % POPULATED. The automatic rectangles ARE NOT READ by the rectangle indicator.

Have you watched the video on how to use the indicator? You should It's all there! You are making that mistakes, which is telling me that you have neither watched the video nor read the documentation on how it works

Alfonso
Set and Forget supply and demand trading community
  • #2,058
  • Sep 6, 2013 8:38am Sep 6, 2013 8:38am
I new I had to do something else... I forgot....Please forgive me....
  • #2,059
  • Sep 6, 2013 8:40am Sep 6, 2013 8:40am
Quoting bam5555
I new I had to do something else... I forgot....Please forgive me....
You are not forgiven, sorry! You have to copy 10.000 times: I have to read and watch a video before I ask

Please also use the QUOTE button on the thread when replying to an specific post, do not use the Post Reply if it's a comment on a post!

Alfonso
Set and Forget supply and demand trading community
  • #2,060
  • Sep 6, 2013 10:14am Sep 6, 2013 10:14am
Quoting Corryvreckan
@ panoramia, do you ever find that a big news release can often give the market the push it needs, for instance, EURUSD - looking at the daily charts right now, it is in a supply area and with the bad NFP figures out for the US, maybe this area could provide a base, and be a turning point for the next month or so.
Yep, exactly! But prior, during and after the news, I won't be trading. These will be levels that will most likely be tradable in the future. But I won't take the risk. News are not bad for supply and demand trading, but you need to trade at the extremes and really levels with a nice score and big imbalance and profit margin. I just take my day off trading and do other things!

Alfonso
Set and Forget supply and demand trading community
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