Supply and demand in a nutshell by Alfonso Moreno | Page 139 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #2,761
  • Sep 21, 2013 8:57am Sep 21, 2013 8:57am
Hi,

This is only my second post as I am a total newbie. After lurking for some time on FF I have come to the conclusion that PA is the way to go. Fortunately I came across this thread. There are so many posts to read and try to think about, it will take a long time to try and catch up.

In post #1, mention is made of the rectangle indicator. Is there a link available that shows how to install that on my MT4 platform? I see where the indicator is described and what the advantages are of using it and how to change the inputs but don't know how to do this.

Thanks for any help.
  • #2,762
  • Sep 21, 2013 9:09am Sep 21, 2013 9:09am
Quoting nu2this
Hi, This is only my second post as I am a total newbie. After lurking for some time on FF I have come to the conclusion that PA is the way to go. Fortunately I came across this thread. There are so many posts to read and try to think about, it will take a long time to try and catch up. In post #1, mention is made of the rectangle indicator. Is there a link available that shows how to install that on my MT4 platform? I see where the indicator is described and what the advantages are of using it and how to change the inputs but don't know how to do...
Hi
Just google installing indicators in MT4 or similar, it's just a case of copy and paste in your MT4 directory, then restart mt4 they will appear.
I just googled here's one I haven't watched it but the heading is fine :-) don't use the indicators presumably ?
Inserted Video

photize
update i just pasted the link I did not mean to embed a video , I have tried to un-link it without success Delete if its against the rules please P
  • #2,763
  • Sep 21, 2013 9:56am Sep 21, 2013 9:56am
Quoting M.4.x
Hi Alfonso Closed this USDCHF trade yesterday {image} Now low in the curve - is the lower fresh/original level on H4 valid for set and forget long? Many thanks again for your valuable input. {image}
Alfonso,

Could you please have a look at my post above - you may have missed it (was quite late at night!).

Cheers
Max
  • #2,764
  • Sep 21, 2013 9:57am Sep 21, 2013 9:57am
Quoting photize
{quote} Hi Just google installing indicators in MT4 or similar, it's just a case of copy and paste in your MT4 directory, then restart mt4 they will appear. I just googled here's one I haven't watched it but the heading is fine :-) don't use the indicators presumably ? https://www.youtube.com/watch?v=BoaVu0QV86U photize update i just pasted the link I did not mean to embed a video , I have tried to un-link it without success Delete if its against the rules please P
Thanks very much for the quick reply. I will look at the video and also use google for more info. Currently I have a demo account and do not use any indicators. I don't really wish to fall into relying on "old information" (lagging) and that is what is appealing about PA. Alfonsos' method seems to be the real deal but I am having a hard time understanding it all. Reading his posts is difficult for me as I am also unfamiliar many of the abbreviations and acronyms.

Returning to my original question, is there a link that I can click to go to the location in which the rectangle indicator can be found?

Thank you.
  • #2,765
  • Sep 21, 2013 10:03am Sep 21, 2013 10:03am
Quoting nu2this
{quote} Thanks very much for the quick reply. I will look at the video and also use google for more info. Currently I have a demo account and do not use any indicators. I don't really wish to fall into relying on "old information" (lagging) and that is what is appealing about PA. Alfonsos' method seems to be the real deal but I am having a hard time understanding it all. Reading his posts is difficult for me as I am also unfamiliar many of the abbreviations and acronyms. Returning to my original question, is there a link that I can click to go...
Hi its in the 1st post right at the bottom. I could post the link again but seeing as you need to read the 1st post from top to bottom, when you get there you will see it
enjoy
Photize
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  • #2,766
  • Sep 21, 2013 10:23am Sep 21, 2013 10:23am
Quoting M.4.x
{quote} Alfonso, Could you please have a look at my post above - you may have missed it (was quite late at night!). Cheers Max

Max
I may help or may not lol
Looking at the daily there are stacked non original zones if I'm correct not best for set and forget, always use a score card
Also if it drops too far the base forming on the H4 could become supply, in worst case a continuation pattern which the long would need to come back through. of course price could turn from here?
Photize
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  • #2,767
  • Sep 21, 2013 11:26am Sep 21, 2013 11:26am
Photize,

Thanks again! I was able to finally see it. Just an istey bitsy insert at the bootom of a graphic that I just blew right by. Now I have to follow your instructions and get it up and running on MT4.------------Again, Thank you.
  • #2,768
  • Sep 21, 2013 11:39am Sep 21, 2013 11:39am
Quoting photize
{quote} Max I may help or may not lol Looking at the daily there are stacked non original zones if I'm correct not best for set and forget, always use a score card Also if it drops too far the base forming on the H4 could become supply, in worst case a continuation pattern which the long would need to come back through. of course price could turn from here? Photize {image}
As you noted none of those are original or valid. Something to keep in mind, though, is the EURCHF line in the sand set by the SNB. I doubt price will ever get to the next fresh demand below.
  • #2,769
  • Sep 21, 2013 12:04pm Sep 21, 2013 12:04pm
Hi, I just stumbled onto a trick to save a step when working with the rectangle reader indicator when the markets are closed. One way to activate the indicator is to right click on the chart, left click indicators then left click close and the indicator updates. Another way is to right click on the chark and left click refresh.
Enjoy the rest of your weekend.
Joe
  • #2,770
  • Sep 21, 2013 12:13pm Sep 21, 2013 12:13pm
Quoting fortunateson
Hi, I just stumbled onto a trick to save a step when working with the rectangle reader indicator when the markets are closed. One way to activate the indicator is to right click on the chart, left click indicators then left click close and the indicator updates. Another way is to right click on the chark and left click refresh. Enjoy the rest of your weekend. Joe
If you switch between timeframes it updates too.
  • #2,771
  • Sep 21, 2013 1:42pm Sep 21, 2013 1:42pm
Quoting Kanzler
{quote} As you noted none of those are original or valid. Something to keep in mind, though, is the EURCHF line in the sand set by the SNB. I doubt price will ever get to the next fresh demand below.
Even quicker press ctrl + i then immediatley hit enter when window appears.

Update: Useful for when market isnt moving/weekends.

Nick
Keep your blades sharp!
  • #2,772
  • Sep 22, 2013 4:23am Sep 22, 2013 4:23am
Quoting photize
{quote} Max I may help or may not lol Looking at the daily there are stacked non original zones if I'm correct not best for set and forget, always use a score card Also if it drops too far the base forming on the H4 could become supply, in worst case a continuation pattern which the long would need to come back through. of course price could turn from here? Photize {image}
Thanks for your input Photize, I see what you mean.

Max
  • #2,773
  • Sep 22, 2013 9:35am Sep 22, 2013 9:35am
Quoting photize
{quote} Hi its in the 1st post right at the bottom. I could post the link again but seeing as you need to read the 1st post from top to bottom, when you get there you will see it enjoy Photize {image}

Hi again,
I'm having some trouble D/L'g the rectangle indicator. I noticed that the link is a zip file called indicators. Is it required that I unzip this file before attempting to install it in MT4. I'm sorry for the stupid question but I'm not very computer competent. Thanks.
  • #2,774
  • Sep 22, 2013 12:08pm Sep 22, 2013 12:08pm
Dear Alfonso,

Many many thanks for this thread and videos made by you.

I used this stratergy in gold (demo only ), it was given 72,500/- with in 24 hours. But still i got one doubt regarding trendline drawing method. As per your strategy in 1st page trendline should be drawn in 4 hours for swing trading. But in your video ( suppply and demand webinar, trend trading like a robot ) you have used the trendlines in daily and 4 hours. As per my understanding you have drawn upward trendline in daily for trend identification and marked the demand areas at daily level and again downward trendline drawn in 4 hours as a confluence with demand areas.
Am i right? if not please correct me.
  • #2,775
  • Sep 22, 2013 3:29pm Sep 22, 2013 3:29pm
Hi Alfonso, I have a couple of questions for you or anyone else that might be able to help...I'm having a little trouble understanding trend lines. This is a buy limit trade I set up on NZDUSD H4. I realize that I am high in the curve right now on all 3 HTF's but if price comes back to my order then I will only be around 60% of the curve on all 3 mentioned TF's. I have 2 questions, first, is it ok to make this sort of entry? In other words is this a valid point of entry knowing that price will have to come back to a lower point in the curve in order to get in to the order.

The second question I have is concerning the trend line. It seems that price has to cross the trend line and more than likely will leave one or two candlesticks below the ascending trend line before it hits my order. Is it still valid to make this type of entry with this in mind? Should I not make the entry at all knowing it is set & forget and I may not be around to see when I get a candle below the TL? Or should I go ahead and make the entry and pull it once I see that price has gone below the trend line?

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Thanks for the help,
Greg
  • #2,776
  • Sep 22, 2013 4:11pm Sep 22, 2013 4:11pm
Quoting Nvrgvup
Hi Alfonso, I have a couple of questions for you or anyone else that might be able to help...I'm having a little trouble understanding trend lines. This is a buy limit trade I set up on NZDUSD H4. I realize that I am high in the curve right now on all 3 HTF's but if price comes back to my order then I will only be around 60% of the curve on all 3 mentioned TF's. I have 2 questions, first, is it ok to make this sort of entry? In other words is this a valid point of entry knowing that price will have to come back to a lower point in the curve in order...
Hi Greg,

Answer to first question is yes, your entry level in regards to curve will be okay when price comes back down.

If price hits your entry before a full O,H,L,C of a bar is outside (on wrong side) of trend line then entry is okay.
If a full bar (O,H,L,C) is formed on the wrong side of the trend line before entry then the order should be removed.

Peter
If you act surprised, then you probably missed something
  • #2,777
  • Sep 22, 2013 4:26pm Sep 22, 2013 4:26pm
Quoting nu2this
{quote} Hi again, I'm having some trouble D/L'g the rectangle indicator. I noticed that the link is a zip file called indicators. Is it required that I unzip this file before attempting to install it in MT4. I'm sorry for the stupid question but I'm not very computer competent. Thanks.
Unzip it you'll see the folders inside, drop it including folders etc into your Mt 4 folder , hey presto
Photize
  • #2,778
  • Sep 22, 2013 6:25pm Sep 22, 2013 6:25pm
Quoting outapips
{quote} Hi Greg, Answer to first question is yes, your entry level in regards to curve will be okay when price comes back down. If price hits your entry before a full O,H,L,C of a bar is outside (on wrong side) of trend line then entry is okay. If a full bar (O,H,L,C) is formed on the wrong side of the trend line before entry then the order should be removed. Peter

Thank you Peter
  • #2,779
  • Sep 22, 2013 9:42pm Sep 22, 2013 9:42pm
Hey. How does one take into account trading off the 1Hr? I'm assuming my 4Hr should be my trend TF where I see Supply in Control vs. Demand in Control to assess direction. The Daily should be my curve then, allowing me to know whether I should looking to sell or buy based on my location. Is this correct?
I'm still drawing the Weekly Zones because I'm not sure of this yet but is should I keep the Weekly and used it as a secondary curve or something? I feel as if I'm at a disadvantage not knowing where Weekly zones are but I do prefer trading off the 1Hr.
Last question to clear things up. How essential are trend lines? I see them being used to decipher what side of the trend you should be on when, for example, the 4Hr and Daily are conflicting in direction. Could anyone clear up what procedures I should take when I have two conflicting directions?
Greatness exists in all of us.
  • #2,780
  • Sep 23, 2013 3:15am Sep 23, 2013 3:15am
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,
are you still looking for higher TP on that silver trade or you are already out with 3:1 RR profit?
BTW when I look at stacked D1 demand zones below if I wanted to go long at the middle level should use bigger padding for entry then on lower time frames, otherwise the trade wouldn't be triggered. What do you think?
:: everything is awesome ::
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