Supply and demand in a nutshell by Alfonso Moreno | Page 159 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #3,161
  • Oct 10, 2013 7:31pm Oct 10, 2013 7:31pm
Hi Alphonso
Could you shed some light on profit taking.Do you plan do some webinar about this topic.I noticed that You are using 2 type accounts ,one for swing trading other for position trading.Do you take let say 2-3 x SL as an profit target on swing account? on position trading account do you use moving SL?or sometimes on swing account do you use moving SL when you think that price may move more in your favour ?when recognise such setups ?etc
  • #3,162
  • Oct 10, 2013 8:02pm Oct 10, 2013 8:02pm
Alfonso,

I've been reading through your thread and watching the videos. As another OTA grad this is all very familiar to me. I did want to find out how I can watch the private videos you have posted. I'm hoping they can answer any questions I have.

Thank you.
  • #3,163
  • Oct 10, 2013 8:45pm Oct 10, 2013 8:45pm
Pretty good read of what Sam Seiden and I imagine the Online Trading Academy already teaches.

I stopped after reading your first post or two because I was really disappointed you didn't give credit where credit was due. Instead you looked like a stooge, pawning off another's work for your own. I was happy to see the OTA made a copyright claim on at least one of the early videos you posted. Now you have quite a following it seems. We all make mistakes and I'm glad you're at least making good on your own work more so than not.

All the best, but I do disagree with some of your supply & demand areas i.e. if you're following OTA. Otherwise I could care less as long as you make more than you lose over time.
  • #3,164
  • Oct 10, 2013 11:28pm Oct 10, 2013 11:28pm
Quoting Soca
Pretty good read of what Sam Seiden and I imagine the Online Trading Academy already teaches. I stopped after reading your first post or two because I was really disappointed you didn't give credit where credit was due. Instead you looked like a stooge, pawning off another's work for your own. I was happy to see the OTA made a copyright claim on at least one of the early videos you posted. Now you have quite a following it seems. We all make mistakes and I'm glad you're at least making good on your own work more so than not. All the best, but I...
In Alfonso's defence...I am on OTA grad from many years ago. I am friends with Alfonso & Alfonso has not done any OTA course. His methods are from common sense supply & demand trading & all free info that has been given on the net. This is not something new & he had spent many long hours back testing what he preaches. What Alfonso is trying to do is keep everyone singing off the same song sheet. This helps us keep check of our emotions, following rules & also proof over time that this way of trading makes you a profitable trader. I personally prefer following Alfonso's rules (which are pretty much the same as mine) & helping all those within this thread, as we all follow one methodology with one set of rules as opposed to OTA with many instructors teaching the same strategy with different rules ie. S & D with different moving averages or cci or some other indicator. The problem is your favourite instructor on OTA has to cycle between different asset classes therefore you get different instructors analysing the charts. Each instructors rules differ to some degree & we never get the full rules laid out, you get all the pieces of the puzzle but you have to put them together. All ive ever been told is "you have to build your own trading plan to suit you. We are all different". Well to me that's b...ocks. Yes you do have to put in screen time to learn & understand but if you are all following the same rules then the penny will drop much quicker. Now I do not wish to argue over which strategy is better, as there are always different ways to trade, but if we all follow the same plan then there will be no confusion between our group of traders wishing to learn this way of trading. We can all learn to control our emotions & be patient together. Just ask your self the question " Do Institutions really let there traders make there own plan based on some classroom teaching?" I think not. They have a proven strategy that they teach there employees who have to sign contracts etc. So therefore one proven way is better than many not so proven ways... That's my point. Trading is hard enough without bickering over rights & wrong. Is it me, but if your strategy is really that profitable at trading, do you really have to worry about money you might be loosing through education? Where's the logic. Alfonso has got the right idea. So if your serious about trading then look no further than what Alfonso is doing here or we may loose a good teacher in the near future. Support goes both ways.
  • #3,165
  • Oct 10, 2013 11:33pm Oct 10, 2013 11:33pm
Quoting Mortimire
Alfonso, I've been reading through your thread and watching the videos. As another OTA grad this is all very familiar to me. I did want to find out how I can watch the private videos you have posted. I'm hoping they can answer any questions I have. Thank you.
Hi Mortimire. Im too an OTA grad. Did you do XLT?
  • #3,166
  • Oct 10, 2013 11:57pm Oct 10, 2013 11:57pm
Hey guys, I am still trying to learn how to trade with supply and demand zones. However, I tried my best to read the first thread teaching me how and still feel that there are things that I missed. It is almost 1AM local time so I have to go sleep very soon. However, I am keen to see if my new method of spotting trading opportunities makes sense, and how to improve it.

The way that I am going to see if my understanding is accurate is by showing lots of pics of me drawing zones of different pairs at different times.

Do you guys mind to give me a hand on that?

Thanks!

Wllen1
  • #3,167
  • Oct 11, 2013 12:05am Oct 11, 2013 12:05am
Quoting Soca
Pretty good read of what Sam Seiden and I imagine the Online Trading Academy already teaches. I stopped after reading your first post or two because I was really disappointed you didn't give credit where credit was due. Instead you looked like a stooge, pawning off another's work for your own. I was happy to see the OTA made a copyright claim on at least one of the early videos you posted. Now you have quite a following it seems. We all make mistakes and I'm glad you're at least making good on your own work more so than not. All the best, but I...
Hi Soca!
I have nothing to say about that, I am not an OTA graduate, never took a course. I don't want to start an argument on this because it would be useless really. I've given credit to them on many of the videos I posted and FF members watched, but I guess you didn't watch them so what you are saying is not true. At OTA they know that, because I've talked to them about that matter, so that's not a problem. All I've learnt has been taken from the Internet for free, many forums, videos I've seen, etc, anybody can do it. I've just taken the time to compile my own ideas, I've written my own indicators and my own trading plan, my rules and shared it with other traders, nothing else, that simple. I must say that thanks to OTA's free videos available on the net as well as other SD traders out there, I have been able to accomplish this, it wouldn't have been possible to achieve this without them. It will most likely be very similar to OTA's teachings, but supply and demand is supply and demand, it's the law that governs the markets.

@ProTrader did reply to you at http://www.forexfactory.com/showthre...92#post7019392 nothing else to add! Thanks for sharing your ideas anyway, you are welcome!
Alfonso

EDIT: just in case anybody else is of Soca's opinion, I've added part of this post to my first post, giving credit to whom has to have credit. Not only to OTA but many forums and other SD traders out there on the net
Set and Forget supply and demand trading community
  • #3,168
  • Oct 11, 2013 12:17am Oct 11, 2013 12:17am
Quoting FishTrader
Hi Alphonso Could you shed some light on profit taking.Do you plan do some webinar about this topic.I noticed that You are using 2 type accounts ,one for swing trading other for position trading.Do you take let say 2-3 x SL as an profit target on swing account? on position trading account do you use moving SL?or sometimes on swing account do you use moving SL when you think that price may move more in your favour ?when recognise such setups ?etc
Hi FishTrader!

Yes, I plan to make a webinar on profit taking soon, not sure yet when. Profit taking depends on the curve really and what type of trader you are (swing, intraday, position trader). My SL is normally moved technically above/below my entry timeframe's new SD levels formed on the way up or down. If we are too low or high in the curve with our entries, just let the trade run.

You can also be the type of trader that has a fix TP like 3, or or 5:1 and just don't care what the markets does. You could also set your TP a few pips before the opposing SD level. There are many ways of doing it, you have to first decide what type of trader you are as well as how low or high in the curve you are, in order to decide if that trade could be or not a runner!

Alfonso
Set and Forget supply and demand trading community
  • #3,169
  • Oct 11, 2013 12:32am Oct 11, 2013 12:32am
Quoting panoramia
{quote} Hi Soca! I have nothing to say about that, I am not an OTA graduate, never took a course. I don't want to start an argument on this because it would be useless really. I've given credit to them on many of the videos I posted and FF members watched, but I guess you didn't watch them so what you are saying is not true. At OTA they know that, because I've talked to them about that matter, so that's not a problem. All I've learnt has been taken from the Internet for free, many forums, videos I've seen, etc, anybody can do it. I've just taken...
Alright, fair enough. Just take all my criticism in a positive vein because that's how I intend it. Since Pro Trader has "inside knowledge" of the workings in an OTA course, then I appreciate the heads-up and that in a way, you're doing exactly what they suggest (making it your own). To be clear I never claimed to know how OTA does it; I never attended their curriculum, either. All I'm saying is that the structure of your content I immediately recognized.

Just look at it from a newcomer to your thread point-of-view for a second. I wanted to go further in your thread, but from the very opening of it are obvious signifiers that aren't given due credit. So I patiently waited for at least a shout out at the end, but to no avail. That's a turn off. That sends the wrong message. Within the first post is the first impression. It sets the tone. Make it solid, which you did, until you didn't when you left specific lingo unchecked.

That said I understand you're not here to promote OTA, mentors affiliated with the company or another, but at least give others your background a bit - especially in the beginning. It's a point of reference where they can access other points-of-view. Otherwise if I were out to defame you, I would have done so already. I'm saying look at how you're already doing it to yourself.

People in the know, know, but where's the respect? In short, it builds trust because it's a sign of character. E.g. why would even leave a video up on your page that OTA has claimed a copyright infringement, rendering it inaccessible? It looks stooge. That's it. If you care about your image or integrity, you'll fix it. If you don't, you won't and will lose the respect of a number who cross this promising thread.

Any rate, thanks for giving credit to those upon whose shoulders you now stand in your reply and other videos. You've obviously given a lot of thought to the program, worked hard to compile and make something of it that works for you. And I wholeheartedly applaud it! I cannot tell you how refreshing it is to see someone really take on to the material and help others along the way. In that respect, I admire you.

Peace out,
Soca
  • #3,170
  • Oct 11, 2013 3:02am Oct 11, 2013 3:02am
Quoting Soca
{quote} Alright, fair enough. Just take all my criticism in a positive vein because that's how I intend it. Since Pro Trader has "inside knowledge" of the workings in an OTA course, then I appreciate the heads-up and that in a way, you're doing exactly what they suggest (making it your own). To be clear I never claimed to know how OTA does it; I never attended their curriculum, either. All I'm saying is that the structure of your content I immediately recognized. Just look at it from a newcomer to your thread point-of-view for a second. I wanted...
"Alright, fair enough. Just take all my criticism in a positive vein because that's how I intend it."

"Instead you looked like a stooge, pawning off another's work for your own. I was happy to see the OTA made a copyright claim on at least one of the early videos you posted."

That doesn't sound positive Haha

SD is universal no one came up with it. It was always there to see. I have watched all of sam seidens videos and read about 80-90% of his articles. Alfonso's approach is NOT a copy and paste of seiden, it is its own beast that he has carefully crafted over his trading career.

Be open minded and learn, then make an educated choice of words.
Keep your blades sharp!
  • #3,171
  • Oct 11, 2013 7:52am Oct 11, 2013 7:52am
@ ALFONSO WHAT DO YOU THINK OF THIS SETUP ? IS IT CORRECTLY PLOTTED ?

EURJPY WEEKLY

http://prntscr.com/1wm4vy

EURJPY DAILY

http://prntscr.com/1wm5cx

EURJPY H4

http://prntscr.com/1wm5rm
  • #3,172
  • Edited 3:17pm Oct 11, 2013 9:47am | Edited 3:17pm
Quoting Pro Trader
Eurcad update Made entry today but price overshot level slightly. Had 18 pip stop for this cross pair. Lets see what happens. {image} {image} {image}
Hi traders. The eurcad setup from early this week has now been stopped out. Im getting large time frame divergence signals that this pair is ready to drop but I will wait for daily price to dictate when I can enter again. No trading on fridays for me.

The gbpcad was closed for profit at around 100 pips due to the eurcad not moving as I would of expected. Glad I did.

Note Im already short in gbpusd but the new set & forget order at daily/240 supply has been cancelled. I still want to short this pair at daily/240 supply but all orders are cancelled for me on friday. I will wait for market open, & re analyse before replacing my order. This is one of the most promising pairs for me.

Still in a audchf long which I am managing as new 240 demand is formed. Looking for final target at 8750.

Overall a profitable week.

Have a nice weekend chaps
  • #3,173
  • Oct 11, 2013 10:27am Oct 11, 2013 10:27am
Quoting Soca
Pretty good read of what Sam Seiden and I imagine the Online Trading Academy already teaches. I stopped after reading your first post or two because I was really disappointed you didn't give credit where credit was due. Instead you looked like a stooge, pawning off another's work for your own. I was happy to see the OTA made a copyright claim on at least one of the early videos you posted. Now you have quite a following it seems. We all make mistakes and I'm glad you're at least making good on your own work more so than not. All the best, but I...
Whats your point!do you have anything to contribute in this forum? There are many many here who greatly value alphonso's work and efforts he puts in, he has never once claimed any credits for himself nor has he been disrespectful of other educators of SD trading.In any case i doubt any one here cares whether he acknowledges them. Who are you anyway! an employee of OTA? or just another whinger
  • #3,174
  • Edited 11:32am Oct 11, 2013 10:31am | Edited 11:32am
Quoting Nametaker
{quote} "Alright, fair enough. Just take all my criticism in a positive vein because that's how I intend it." "Instead you looked like a stooge, pawning off another's work for your own. I was happy to see the OTA made a copyright claim on at least one of the early videos you posted." That doesn't sound positive Haha SD is universal no one came up with it. It was always there to see. I have watched all of sam seidens videos and read about 80-90% of his articles. Alfonso's approach is NOT a copy and paste of seiden, it is its own beast that he...
Sure, when you take out of context what I said; it was intended to be constructive criticism. Read my second post thoroughly, look at the video yourself and tell me as a newcomer how that looks to someone who is somewhat familiar with S. Seiden's work. I realize S&D is universal, but the approach is unique that Sam Seiden and to greater degree, OTA takes it.

Am I blasting [Alfonso's] character? I don't think so. Otherwise I would have said he was a stooge. To the contrary, he just looked stooge to me. I didn't want that for myself, him or anyone else. He put in a lot of hard work to do what he does now and again, I respect that. In-the-end he was gracious enough to consider and correct his first post of this thread in that light. I don't think he would have done that had he felt it was the right thing to do for himself. Take that into account and we'll be more on the same page.

Other than that I have nothing to discuss further on the matter. It wasn't meant to be a detraction from this thread and the drama - spare me. Lets get on with what we're here to do: make money and help each other the best we can. That said I take your point.
  • #3,175
  • Oct 11, 2013 3:26pm Oct 11, 2013 3:26pm
Hi Alfonso,
My first post on your thread. First of all thanks for sharing your system.
I have read the first post a number of times and think that weekly / H4 swing trading could suit my life style.
I work full time, but should be able to check on charts a few times each day. I recently opened a fresh MT4 demo account to get some practise and will post some charts, hopefully you can comment and give me some guidance.
Here is a EURUSD trade from earlier today. I realise that Fridays are a bad day for trading and that we shouldn't hold trades over the weekend, but I wanted to check if my analysis was correct, see charts attached.

EURUSDH4
Confirmation type trade where price is trending down inside weekly supply zone.
EURUSDMonthly
Also shows a down trend.

Any comments?
Dave
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdsbh4.png Size: 53 KB
Click to Enlarge Name: eurusdsbmonthly.png Size: 57 KB
  • #3,176
  • Oct 11, 2013 4:25pm Oct 11, 2013 4:25pm

Hi Alfonso,


Just a quick mechanical question, I wondering when you move your trade to break even do you include wiggle room, padding and the spread into your calculations.

For example the proximal and distal difference is 20 pips, so for a 2 to 1 R:R break even would be 40 pips. But when you include the wiggle room, padding and spread (actual risk) the difference becomes 30 pips so the 2 to 1 R:R break even would be 60 pips. The devil is always in the details.

Thanks and have a great weekend everybody.
Joe
  • #3,177
  • Edited 6:55pm Oct 11, 2013 5:43pm | Edited 6:55pm
With all the recent talk of what OTA has done or not done. I find it interesting that anyone from OTA, to Sam, to whoever has an issue with what is being put out about SD Trading... Like there is some great secret.. Really?? Look at the amount of info that Sam himself has put out in his videos. Not had to figure what is behind the curtain. Even his own groupd of traders have complained that he , himself , was putting out too much information. Sam has personally acknowledge this in his Vid and online statements.

As I trade SD and have for quite sometime, rather successfully, ( my trades are out there for the world to see.. many are live as they happen )... I find it interesting all this jawing about what Alfonso is teaching. There is so much out there now on trading SD. With very little research one can reasonably assume that Sam may have been the first to really bring to the masses?? Maybe ?? But to say he owns it, propriatary...It's not an Algo..

I'm not sure if I see anything regarding something being really propriatary.. ( Again given the amount of info Sam has put out himself ).. I will admit I have not seen the videos in question that caused this issue..But.. If someone can point out to me something really propriatary .. please do !

Otherwise for all those who would get caught up in this .. this says a lot about where "you" might be in the mental side of trading.. Your rewire needs some work. The wrong wiring will destroy your account faster that any trading program or method. I know.??? What does this thinking and comments have to do with one's ability to trade.." Everything "

Sam speaks to this directly regarding when he plays golf with a friend of his. Search for this story from Sam Seiden.. It is powerful in its simplicity..Much like trading the SD Method.

Lets all get back to the business of trading. Staying focused on trading. If you cannot, then trading is not the opportunity for you.



TSD
  • #3,178
  • Oct 11, 2013 8:16pm Oct 11, 2013 8:16pm
Quoting TraderinSD
With all the recent talk of what OTA has done or not done. I find it interesting that anyone from OTA, to Sam, to whoever has an issue with what is being put out about SD Trading... Like there is some great secret.. Really?? Look at the amount of info that Sam himself has put out in his videos. Not had to figure what is behind the curtain. Even his own groupd of traders have complained that he , himself , was putting out too much information. Sam has personally acknowledge this in his Vid and online statements. As I trade SD and have for quite sometime,...
Totally concur.
  • #3,179
  • Oct 12, 2013 2:23am Oct 12, 2013 2:23am
Quoting 236dave
Hi Alfonso, My first post on your thread. First of all thanks for sharing your system. I have read the first post a number of times and think that weekly / H4 swing trading could suit my life style. I work full time, but should be able to check on charts a few times each day. I recently opened a fresh MT4 demo account to get some practise and will post some charts, hopefully you can comment and give me some guidance. Here is a EURUSD trade from earlier today. I realise that Fridays are a bad day for trading and that we shouldn't hold trades over...
Hi Dave!
You are most welcome to the thread! Trading the WK/H4 is just great for swing trading and people like you working full time. Many people don't know how "lucky" they are having a full time job and being traders. Why? Because they can really set & forget, they have to, they have to walk away and leave their trades alone. That's a gift Many that trade full time spend too much time in front of their computers, the longer you stay in front of your plaform the more you are going to influence on your results, our minds work that way, fear and greed So walking away is a solution, having to work full time is another


I do agree with your analysis on the EURUSD. In fact I am short since yesterday morning, it looks I got triggered during the webinar and I didn't realize, saw it at night when I came back home. It's Friday yes, I don't have many trades open, that's the new one, I have others open in MN/D1 position combo so those are uneffected by the weekends. I looked at Monday news events before Friday's close and I saw there was nothing greast on Monday, in fact US and CAD bank holiday, so I decided to leave my euro short alone!

Hope that helps Dave!
Alfonso

EDIT: The TL is not well painted, it looks like I must have dragged it for some unknown reason, sorry
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h4.png Size: 85 KB
Set and Forget supply and demand trading community
  • #3,180
  • Oct 12, 2013 3:41am Oct 12, 2013 3:41am
Quoting TraderinSD
With all the recent talk of what OTA has done or not done. I find it interesting that anyone from OTA, to Sam, to whoever has an issue with what is being put out about SD Trading... Like there is some great secret.. Really?? Look at the amount of info that Sam himself has put out in his videos. Not had to figure what is behind the curtain. Even his own groupd of traders have complained that he , himself , was putting out too much information. Sam has personally acknowledge this in his Vid and online statements. As I trade SD and have for quite sometime,...
I understand what you're saying, but I think you're missing the point... If you or anyone desires to delve into this matter further, feel free to check out my "String Trades" journal here on Forex Factory. I didn't want to detract from this thread, so in the second post I went into the essential importance of having the proper respect and education for one of humanity's first professions: trading! It's what defines the truly successful traders from the posers in-my-opinion.

Look forward to seeing you there. And in no way am I scalping for peeps. I don't care if anyone likes me or not. Trading is not a popularity contest anymore than having a personality reduces life to it.

Oh, and I will be posting my real trades there, along with their verifiable proof via F.F.'s "Trade Explorer" in the days and weeks ahead. Not everyone's cut out to be a teacher, so I'll leave it in Alfonso's capable hands on that point. And I'll definitely be exploring more of what he has to say here as well as with you fine folks. Enjoy!

Soca
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