Supply and demand in a nutshell by Alfonso Moreno | Page 138 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #2,741
  • Sep 20, 2013 3:44am Sep 20, 2013 3:44am
Quoting markot
{quote} So far so good. Price is now retrasing for GBP/USD, as well as USD/CAD. On the weekly GBP/CAD i can now see demand in creation and hopefully right into our supply area around 1.7000 .... we will se what will happen. Regards, Marko
Hello Markot did you take the 4H supply on GBPCHF ?

thx
  • #2,742
  • Sep 20, 2013 3:45am Sep 20, 2013 3:45am
Hi Tok,

no i didnt, simply because i didn't managed to analyse that chart .
  • #2,743
  • Sep 20, 2013 3:46am Sep 20, 2013 3:46am
Quoting markot
Hi Tok, no i didnt, simply because i didn't managed to analyse that chart .
Thank you for your reply.
  • #2,744
  • Sep 20, 2013 3:47am Sep 20, 2013 3:47am
The current GBP/CAD , i am curently long from previous demand level, and if price brakes resistance, i ll plan to hold it until new supply which is way up
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  • #2,745
  • Sep 20, 2013 4:02am Sep 20, 2013 4:02am
I have a question that hopefully someone can answer.

The first page says H4/Wk combination, but everyone I see is using H4/Daily. Why is this?
  • #2,746
  • Sep 20, 2013 4:24am Sep 20, 2013 4:24am
Quoting panoramia
{quote} {quote} Hi Nvrgvup ...took me a while to type in your alias... I agree with Boby, where is that non-fresh D1 supply? D1 is fresh. I mean, the 1st pullback to the D1 GBPUSD fresh area is playing out now. I missed that one as well, it was a nice D1 fresh and original supply level for set and forget. You are mixing up terms! D1 supply is fresh, first hit is working, that that not mean that it is no longer fresh. The levels forming on the way done are a direct result of that 1st retest. ANOTHER THING would be that price drops hundreds of...
You dont understand me Its my fault! I want to enter on h4 level which is formed now as a confirmation to d1 level. I'm not mastering the art of taking original and fresh level yet so, i wait for confirmation anytime.
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  • #2,747
  • Sep 20, 2013 4:40am Sep 20, 2013 4:40am
Quoting panoramia
I looks like I got triggered short on my first 2 trades based on the D1/MONTHLY SD combo. I started to trade this account 1 week ago, but these are the first 2 triggers I've had. I got triggered short on EURGBP D1 supply level and SILVER D1 CP supply. My wiggle room for the D1 entries is 20 pips. The silver D1 supply was overshoot but my SL was not hit, so I am in that trade. Let's see what happens on both trades! Alfonso {image} {image}
Hi Alfonso,, what does CP stand for?
enjoy your weekend
  • #2,748
  • Sep 20, 2013 4:45am Sep 20, 2013 4:45am
Quoting panoramia
I have to take a flight in about 3 hours, so I won't be available till late. I am taking some days off, but I will be available to answer your messages via my laptop since even though I am way, I am trading almost every morning for a couple of hours to set my swing orders before I leave. I am planning a new webinar for next week if my internet connection is good, will let you know about it. Have a great Friday, hopefully with quite a few nice pips! Alfonso
i wish for your safe journey.
  • #2,749
  • Sep 20, 2013 5:14am Sep 20, 2013 5:14am
Quoting outapips
{quote} Hi Myst, My thoughts on EURCAD. I would be a little cautious taking longs as we are high in the curve and coming from Monthly and Weekly supply so shorts should be higher probability. We recently made a new weekly low. Also, there has been a lot of trading just below where you are looking to go long. I have marked on the chart where I have a monthly supply. Peter {image}
Hi thanks for your points, do make sense. I'll just stick to CADCHF short then. Anyway EURCAD is like an inverse pair, no point doubling my risk taking positions on both.
  • #2,750
  • Sep 20, 2013 5:21am Sep 20, 2013 5:21am
Quoting Georji
{quote} Hi Alfonso,, what does CP stand for? enjoy your weekend
Hi Georji,

CP = Continuation Pattern It was formerly called a speed bump (SPB) but to avoid any problems Alfonso will now refer to them as continuation patterns

Peter
If you act surprised, then you probably missed something
  • #2,751
  • Sep 20, 2013 8:09am Sep 20, 2013 8:09am
Quoting panoramia
{quote} Hello Anant, Thanks for your message and charts. Just a couple of things that I would like to add to your analysis, a warning. Even though the zones are fresh and originals on your entry timeframe, you need to take into account how high or low those zones area the curve, as well as being aware if price is bouncing off higher timeframe supplies. There are specific rules about that on Post #1. It's hard for me to do a proper analysis of your AUDUSD since you are using another platform, but the AUDUSD has been analyzed thoroughly on last webinars,...
Thank you very much Alfonso for your valued comments, I see what you mean and I shall go through everything on the Post and videos once again this weekend ....Have a great time on your break.
  • #2,752
  • Sep 20, 2013 9:37am Sep 20, 2013 9:37am
Alfonso,

Level 1 is not a valid fresh level because it didn't take out opposing supply but level 2 is (was) a valid fresh and original level. Is this correct?
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  • #2,753
  • Sep 20, 2013 10:25am Sep 20, 2013 10:25am
hii all...been trading 3 weeks on demo acc using alfonso SNR methology..
really great method and it work out...thx alfonso...
wish you keep a good trading....

my GBPUSD sell order are on the way..
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tonight (ofc my local time )
i open short sell on AUDUSD...for long term if possible for the next week, friday closed market not wisely for OP (just demo acc for practicing hehe)
the question is, i think AUDUSD is in higher odds, what do you guys think?
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thx
  • #2,754
  • Sep 20, 2013 12:18pm Sep 20, 2013 12:18pm
Quoting panoramia
{quote} {quote} Hi Nvrgvup ...took me a while to type in your alias... I agree with Boby, where is that non-fresh D1 supply? D1 is fresh. I mean, the 1st pullback to the D1 GBPUSD fresh area is playing out now. I missed that one as well, it was a nice D1 fresh and original supply level for set and forget. You are mixing up terms! D1 supply is fresh, first hit is working, that that not mean that it is no longer fresh. The levels forming on the way done are a direct result of that 1st retest. ANOTHER THING would be that price drops hundreds of...

Thank you Boby and Alfonso for the clarification.

I knew the area was fresh as price approached but was thinking that once price hit the zone it was no longer fresh. I was trading these areas thinking they needed to take out opposing SD zones before I could trade them but, as you explained, that is only at the retouch. I understand the difference much better now and if I can let me recap.

Fresh & Original=Set & Forget
Fresh= trade first new zone that sets up counter trend to fresh zone regardless whether it has taken out opposing SD zone
Non fresh= confirmation
  • #2,755
  • Sep 20, 2013 12:40pm Sep 20, 2013 12:40pm
Quoting bobyv87
{quote} You dont understand me Its my fault! I want to enter on h4 level which is formed now as a confirmation to d1 level. I'm not mastering the art of taking original and fresh level yet so, i wait for confirmation anytime. {image}

Thank you Boby, I have a much better understanding also after Alfonso's explanation. The way I understand it is if you were trading the Daily TF you didn't need to wait for confirmation you could have traded the first supply zone set up but the H4 (on my brokers chart) was a retouch so this requires confirmation. I hope I have it now but this is a process and I am sure I will make another mistake.
  • #2,756
  • Sep 20, 2013 1:45pm Sep 20, 2013 1:45pm
Quoting outapips
{quote} Hi Georji, CP = Continuation Pattern It was formerly called a speed bump (SPB) but to avoid any problems Alfonso will now refer to them as continuation patterns Peter
Thanks Peter
  • #2,757
  • Sep 20, 2013 1:48pm Sep 20, 2013 1:48pm
DRAT !!! Alphonso's videos which he had recently compiled, have all been removed from his YouTube site ! That is like a book burning.
Is there any way to recover these.
  • #2,758
  • Sep 20, 2013 2:16pm Sep 20, 2013 2:16pm
There are 8 videos in his youtube channel
https://www.youtube.com/user/supplya...?feature=watch
  • #2,759
  • Sep 20, 2013 2:33pm Sep 20, 2013 2:33pm
Quoting adriann
There are 8 videos in his youtube channel https://www.youtube.com/user/supplya...?feature=watch
WHEW !
  • #2,760
  • Edited Sep 21, 2013 11:47am Sep 20, 2013 9:15pm | Edited Sep 21, 2013 11:47am
Hi, Haven't seen a recent updated monthly,weekly,daily spreadsheet so I thought I would take a try at it to compare levels. Please let me know if I have drawn the levels incorrerctly.
Thanks,
Joe
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