Hello,
My trade on usd cad is almost in target. Fresh daily supply, confirmed on h4.
For now it's about 180 pips.
My trade on usd cad is almost in target. Fresh daily supply, confirmed on h4.
For now it's about 180 pips.
Supply and Demand Zones 48 replies
Price movement as a function of Supply and Demand 43 replies
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Demand and Supply 1 reply
DislikedHello, My trade on usd cad is almost in target. Fresh daily supply, confirmed on h4. For now it's about 180 pips. {image} {image}Ignored
Disliked{quote} I canceled my order on this.. Its no longer valid for me brcause on h1 made HL so trendline will not be valid anymore. Any oppinion?Ignored
Disliked{quote} You're right. It is a used up, unfresh zone, so It wouldn't be a good entry anyway. I just read Alfonso's post again, and he said it should only be done within a fresh, original daily demand. So we need to combine that with a lower TF fresh area and take the trade, regardless of how "pretty" the area is.Ignored
DislikedHello, My trade on usd cad is almost in target. Fresh daily supply, confirmed on h4. For now it's about 180 pips. {image} {image}Ignored
Disliked{quote} Hey Gxp1 thanks for taking the time to reply. What you say is all good points and are things I did consider however for me the 4 hr zone was a confirmation zone that printed at a daily zone RBR that acheive great things for the bulls by removing / taking out a supply zone which had previously been tested severl times before finally giving way. In turn we printed a base at the Daily base and in turn broke the decending TL so this was enough for me despite the lackluster looking departure. For me we should at minimum head back up to the RBD...Ignored
Disliked{quote} Hey Samir! That D1 demand is not high odds, we hit the Monthly supply on GBPAUD, when we hit a fresh Monthly supply, opposing lower timeframe D1 are likely to be absorbed, we're just TOO high in the monthly curve, like Osman said. I am not gonna go long at that D1 demand on a confirmation trade. Look at the D1 ascending TL also solidly broken. Don't overtrade. Too high? Don't buy! wait for that D1 demand to be taken out, if that happens, and sell! Monthly is related to the D1 levels, same thing happens on a D1/H1 and WK/H4, it's fractal....Ignored
Disliked{quote} That EG zone is not within the daily demand zone, so it does not qualify for the exception that Alfonso explained. also, the daily zone is used up, so that also makes it invalid. under normal circumstances, I would not take that zone as well, since there are too many wicks taking out buy orders. No trade for me on all fronts. hope that helps.Ignored
DislikedPlease tell me what "ECR' candles mean - can't find any explanation towards this type of candles. Thank youIgnored
Disliked{quote} Im confused Alfonso i thought you said we can trade just d1/h1 and wk/h4. If i am trading just D1/H1 then i wouldnt be aware of that monthly supply. Wouldnt you incur alot of losses if you dont keep track of all the Tframes? (H1/D1/WK/MN)Ignored
You still want to buy in that D1 demand area on GBPAUD?
I am not going to buy there now, I can tell you that! Not now and never in the future whenever I see such an scenario!
You are possible confused for only reason maybe (I don't know exactly but I think it's this one reason). Have you taken your time to forward test these kind of levels and scenarios on a backtesting software like Forex Tester for weeks? (I am not making any kind of advertising, it's just that it's the only software I know capable of performing multiple timeframe forward testing)
I guess you haven't. If you haven't, you and everybody in here should. WHY? You have to see in order to believe.
It's up to you, you decide Remember I have nothing against you or anybody, it's a recommendation that comes with the experience I've gained. I already did that job and I gained the experience and confidence to do what I am doing. It's now your turn and everybody else's over here. I can't force you into doing that, you decide!
Remember this is nothing personal, it's just the way your b***dy mind works! If you go against your nature, you are doomed to fail or enter into a neverending loop!
Alfonso
*That is 1 hour before I normally organize them, I have a lunch with some friends on the beach and I can't miss that one
If you are interested in attending, please send me a private message or fill out the form at this link: http://eepurl.com/EVXLT
Those who have already joined one of the webinars before don't need to send me any email.
What will this webinar cover?
If you have any losing or winning trades, have them ready because we can comment on those as well
Hope to see you there! Hope your trading is also improving a little bit! You are all doing a great job on the thread.
Alfonso
DislikedI am planning a new live webinar for this Friday 13th! Date: Friday 13 th September 2013 Time: Right one hour before New York Session Open, from 1:00 PM - 3:00 PM CEST*That is 1 hour before I normally organize them, I have a lunch with some friends on the beach and I can't miss that one If you are interested in attending, please send me a private message or fill out the form at this link: http://eepurl.com/EVXLT Those who have already joined one of the webinars before don't need to send me any email. What will this webinar cover? Speedbumps,...Ignored
Disliked{quote} Hello Myst! You are bugging me too much, where is that dinner and beer you wanted to invite me to? This morning a friend of mine to whom I am teaching SD was at home for a couple of hours and we precisely looked at a few losses he had had... yours were on his list, so I know your charts and what I'm gonna tell you. This is not on hindsight, it's what it's. It's key that you know where the right levels are and where the higher timeframes are located, SPEEDBUMPS are KEY and PARAMOUNT to it as you will soon realize. EURNZD H4 LONG: - Longs...Ignored
Disliked{quote} Hi Alfonso, ok with this post I think I really need to buy you dinner and beer You know I spent a few hours re reading your reply, going through your first page trading rules, and thinking a lot. It has really bothered me like an unsolved puzzle and kept me awake till 3am. Your reply to the GBPAUD discussion by the other guys didn't help either. I've understood and agreed with most of the points you stated in your reply to me and the others (trend line break, bull trap to weekly supply etc), but there is just one huge fundamental point...Ignored
This is just the way I do things, not the unique way of doing things, just my way! May I be wrong? Yes, for sure. But it's logical and common sense to me and my lonely neuron left
It's always the same thing, I believe we just just need to ask ourselves the right questions AND remove your ego from the equation. That is, aren't or haven't there been CLEAR opportunities in the last days/weeks and months? Why bothering with entering on zones that are not that clear and low odds? Just look back in time at any pair, ain't I right?
For me the engulf patterns are only valid for confirmation IF the zone is valid for confirmation. If the zone is too used-up or compressed, I will not take into account any engulf or unengulf or superultra engulf pattern Hope that is clear! If the higher timeframe zone is not good for longs, why should I wait for a "lower timeframe" engulf demand pattern to confirm a used-up zone? It doesn't make sense to me, so that rule has long been deleted from my neuron's archives or my head will weight too much with so many baggage
Alfonso
DislikedHi Alfonso, if price reaches a fresh, monthly supply level, would it be sufficient to wait for a confirmation trade on H4/H1 or must we wait for a confirmation on D1 (new, fresh supply level)? Exactly this happens right now on GBPJPY.Ignored
Disliked{quote} Sorry if you are confused, I didn't mean to confuse you or anybody Of course you can trade only with the D1/H1 combination without looking at the Monthly. I like to know where my monthly is, if close to it or bouncing I am not going to go against it, drawing a monthly SD area takes a few seconds and you only need to draw it once every few months, isn't it worth? Look at what I said in my post! See the last chart attached again in this post: Is the D1 timeframeve too high in the curve? Look at the chart! It's been rallying FOR AGES...Ignored