Supply and demand in a nutshell by Alfonso Moreno | Page 160 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #3,181
  • Oct 12, 2013 4:02am Oct 12, 2013 4:02am
Quoting 236dave
EURUSDH4 Confirmation type trade where price is trending down inside weekly supply zone. EURUSDMonthly Also shows a down trend. Any comments? Dave
Hi Dave,

Observation regarding your Target - I interpret your target as being in the middle of an area that offers no impediment to price falling all the way down to the lower fresh Demand zone, so perhaps consider revising it down lower. Good luck with the trade
  • #3,182
  • Oct 12, 2013 5:46am Oct 12, 2013 5:46am
Quoting panoramia
{quote} 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,...

Thanks Alfonso for your comments, its encouraging to know that you took the same trade. I did notice that your TP is much further away than mine & GregT on post#3183 suggested price could fall much further.

I looked at the Daily time frame, and plan on repositioning my TP just above the daily demand level, somewhere around 1.3230 level. That gives a nice RR ratio.
Would it be wise to trail the SL just behind each H4 supply zone as and when they form.
Dave
  • #3,183
  • Oct 12, 2013 5:49am Oct 12, 2013 5:49am
Quoting 236dave
{quote} Thanks Alfonso for your comments, its encouraging to know that you took the same trade. I did notice that your TP is much further away than mine & GregT on post#3183 suggested price could fall much further. I looked at the Daily time frame, and plan on repositioning my TP just above the daily demand level, somewhere around 1.3230 level. That gives a nice RR ratio. Would it be wise to trail the SL just behind each H4 supply zone as and when they form. Dave
Dave, my target is lower for just one reason, it's temporal because I will do exactly what you said, trailing my SL above H4 supply zones as they happen and take previous demand zones, if that ever happens of course Looking forward to that though

Your TP is in the middle of nowhere as Greg suggested, there is no point in having your TP there There is a long ERC bullish candle that could allow price to drop really easy were that demand zone taken out! It's not logical to have a TP where you have placed it.

Alfonso
Set and Forget supply and demand trading community
  • #3,184
  • Oct 12, 2013 6:18am Oct 12, 2013 6:18am
Quoting panoramia
{quote} Dave, my target is lower for just one reason, it's temporal because I will do exactly what you said, trailing my SL above H4 supply zones as they happen and take previous demand zones, if that ever happens of course Looking forward to that though Your TP is in the middle of nowhere as Greg suggested, there is no point in having your TP there There is a long ERC bullish candle that could allow price to drop really easy were that demand zone taken out! It's not logical to have a TP where you have placed it. Alfonso
Ok I will be moving my TP and trailing the SL.
I hope to post some more set ups next week and will learn form yours and others comments.
Thanks
Dave
  • #3,185
  • Oct 12, 2013 6:35am Oct 12, 2013 6:35am
Quoting Gxp1
{quote} 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
Just want point out that this is Thread in Trading Journals and its S/D swing trading Journal by Alfonso Moreno.
Not some NEW FANCY Trading system or method. so why you are so angry about any new credit.
Iam familiar with Sam Saiden method of trading and iam happy to see when someone share his trade that are similar to Sams.
  • #3,186
  • Oct 12, 2013 9:41pm Oct 12, 2013 9:41pm
Hi guys, here is a supply level I spotted earlier.


Just wanna make sure, do you think that this should be a valid zone for future price fluctuation?

I read the first thread, and this is just one of the pics that I believe is what we are spotting.

[url=http://i43.tinypic.com/dfahdu.jpg]r

I made this spotting because that the pair started to drop substantially at this point, and that there is an engulfing bar.

Feel free to comment,

Thanks.

Wllen1
  • #3,187
  • Oct 13, 2013 12:49am Oct 13, 2013 12:49am
Quoting wllen1
Hi guys, here is a supply level I spotted earlier. Just wanna make sure, do you think that this should be a valid zone for future price fluctuation? I read the first thread, and this is just one of the pics that I believe is what we are spotting. r I made this spotting because that the pair started to drop substantially at this point, and that there is an engulfing bar. Feel free to comment, Thanks. Wllen1
Hi wllen. Spot on with this level but you really need to show multiple time frame analysis as where are we on the bigger picture curve? i.e 240 chart = weekly chart curve as per Alfonso's rules. Would be nice if you downloaded the indicators so your charts look like ours with the correct painted supply & demand zones. Its all about singing off the same song sheet.

If you have the same charts as those who follow this thread then your weekly supply level will be outlined on the 240 chart.

Good job though as this is the most clean looking pair in my opinion. Lets see what happens next week.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_240_13_oct.png Size: 42 KB
  • #3,188
  • Oct 13, 2013 6:05am Oct 13, 2013 6:05am
Quoting Pro Trader
{quote} Hi wllen. Spot on with this level but you really need to show multiple time frame analysis as where are we on the bigger picture curve? i.e 240 chart = weekly chart curve as per Alfonso's rules. Would be nice if you downloaded the indicators so your charts look like ours with the correct painted supply & demand zones. Its all about singing off the same song sheet. If you have the same charts as those who follow this thread then your weekly supply level will be outlined on the 240 chart. Good job though as this is the most clean looking pair...
Hi Pro Trader, I was looking at GBPUSD short to, but I noticed that a short at this point would go against the daily trend line. Shouldn't we wait for a solid break of this trend line first?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB
  • #3,189
  • Oct 13, 2013 8:53am Oct 13, 2013 8:53am
Quoting Reacto
{quote} Hi Pro Trader, I was looking at GBPUSD short to, but I noticed that a short at this point would go against the daily trend line. Shouldn't we wait for a solid break of this trend line first? {image}
Yes you should, however if im into monthly trend supply & bouncing from weekly location supply this negates any lower time frame trend line. Just my own personal rule. We have also got a new daily supply too (Daily supply in control). I will short both 240/DAILY supply this high on the curve. Again stick to what Alfonso is teaching you to be safe. Thanks for comment.
  • #3,190
  • Oct 13, 2013 9:03am Oct 13, 2013 9:03am
Hola Alfonso,

What a great thread.
I have been trading (demo still) this way for a while now and am getting ready to put real money to it as i'm getting really good at it.
As i'm looking for a better way to create positive habits with this, there is one thing i wanted to ask you.
How do i go about having the same software for the trading journal (as in the picture below).
I know you said in a previous post that it is for personal use. If there is something that could greatly help me getting more diciplined it would be that journal.

Anything i can do to get this software?

Thanks for all.

Attached Image
  • #3,191
  • Oct 13, 2013 10:56am Oct 13, 2013 10:56am
Quoting Pro Trader
{quote} Yes you should, however if im into monthly trend supply & bouncing from weekly location supply this negates any lower time frame trend line. Just my own personal rule. We have also got a new daily supply too (Daily supply in control). I will short both 240/DAILY supply this high on the curve. Again stick to what Alfonso is teaching you to be safe. Thanks for comment.
Thank you Pro Trader
  • #3,192
  • Oct 13, 2013 2:43pm Oct 13, 2013 2:43pm
Quoting Jmb33
Hola Alfonso, What a great thread. I have been trading (demo still) this way for a while now and am getting ready to put real money to it as i'm getting really good at it. As i'm looking for a better way to create positive habits with this, there is one thing i wanted to ask you. How do i go about having the same software for the trading journal (as in the picture below). I know you said in a previous post that it is for personal use. If there is something that could greatly help me getting more diciplined it would be that journal. Anything i can...
Hello there!
That's a software I'm building for personal use only, sorry.. it's still under development as well

Alfonso
Set and Forget supply and demand trading community
  • #3,193
  • Oct 13, 2013 3:57pm Oct 13, 2013 3:57pm
Was there a webinar on Friday I got busy forgot to look
  • #3,194
  • Oct 13, 2013 4:50pm Oct 13, 2013 4:50pm
Quoting doctorflush
Was there a webinar on Friday I got busy forgot to look
Yes there was. Alfonso sent out an email to register & a link to view after recording. Very good webinar on the whole supply & demand multiple time frame analysis.
  • #3,195
  • Edited 5:38pm Oct 13, 2013 5:14pm | Edited 5:38pm
Quoting wllen1
Hi guys, here is a supply level I spotted earlier. Just wanna make sure, do you think that this should be a valid zone for future price fluctuation? I read the first thread, and this is just one of the pics that I believe is what we are spotting. r I made this spotting because that the pair started to drop substantially at this point, and that there is an engulfing bar. Feel free to comment, Thanks. Wllen1
Hi Wllen!
Like pro trader said, we need multiple timeframe analysis before you can make any decision to short on any pair. In this case, the pound is bouncing off Monthly supply area, so on a swing basis we are only allowed to sell on fresh levels of supply with a nice imbalance. The pound's H4 level you spotted is a great level I am also looking to short at... Let's see what happens! Good job

Alfonso
Set and Forget supply and demand trading community
  • #3,196
  • Oct 13, 2013 9:45pm Oct 13, 2013 9:45pm
Quoting panoramia
{quote} Hello there! That's a software I'm building for personal use only, sorry.. it's still under development as well Alfonso
Thanks for your reply.
No worries, everybody has got its own propiatary thinks they work with.

As i have two left hands when it comes to Coding/Developing/or any other technical IT stuff ;-) haha, could you tell what is the best way to copy this type of set up? Would i use Adobe for that or do you use Word?

Thanks.
  • #3,197
  • Oct 13, 2013 10:00pm Oct 13, 2013 10:00pm
Quoting panoramia
{quote} Hi Wllen! Like pro trader said, we need multiple timeframe analysis before you can make any decision to short on any pair. In this case, the pound is bouncing off Monthly supply area, so on a swing basis we are only allowed to sell on fresh levels of supply with a nice imbalance. The pound's H4 level you spotted is a great level I am also looking to short at... Let's see what happens! Good job Alfonso
Hello Alfonso,

Glad to see how fast you reply on this thread!

I know that I have to check the different timeframes going together (4hr and weekly) but I am not sure what exactly should I check. Is is that we have to check if the other timeframe tells us something different? Like, if the 4hr chart tells me to buy in a demand zone, I have to see if the weekly chart has a supply level or something like that? In other words, the two charts should give me the same information about what to do, at least not conflicting hints.

By the way, now that I have looked at the monthly chart, looks like selling the pound is quite a good idea, since there is this quite obvious supply zone on the weekly chart. Also, Pro Trader made the remark of indicator. Unfortunately, this chart is website-based, and it's the only NY close chart I can find. Could you refer a software so I can use this indicator please?

Here is the picture of weekly chart and the zone I spotted:
[url=http://i42.tinypic.com/250nz0p.jpg

If this is not what you mean by multi timeframes analysis, could you please show me a few pictures?

I tried to read all the thread but couldn't understand this part, and most videos uploaded are now private.

Thanks alot!

Wllen1
  • #3,198
  • Oct 13, 2013 10:35pm Oct 13, 2013 10:35pm
Quoting panoramia
{quote} Hello there! That's a software I'm building for personal use only, sorry.. it's still under development as well Alfonso

Hi alfonso sir,

There was a webinar on 10th october from you.
We did not get the link of that & you might have not upload that even on youtube or Forexfactory.

Please update on that.
  • #3,199
  • Oct 14, 2013 1:37am Oct 14, 2013 1:37am
AUDUSD
What if i go short from daily marked zone ? though its on 50% level of its weekly curve.

WEEKLY
http://prntscr.com/1x7pnf
http://prntscr.com/1x7pnf

DAILY
http://prntscr.com/1x7q7g
http://prntscr.com/1x7q7g

H4

http://prntscr.com/1x7qgr
http://prntscr.com/1x7qgr
  • #3,200
  • Oct 14, 2013 2:08am Oct 14, 2013 2:08am
Quoting wllen1
{quote} Hello Alfonso, Glad to see how fast you reply on this thread! I know that I have to check the different timeframes going together (4hr and weekly) but I am not sure what exactly should I check. Is is that we have to check if the other timeframe tells us something different? Like, if the 4hr chart tells me to buy in a demand zone, I have to see if the weekly chart has a supply level or something like that? In other words, the two charts should give me the same information about what to do, at least not conflicting hints. By the way, now that...
Hello Wllen!
All the information on what you have to do exactly with your timeframes is posted in full detail in post #1. You have to read, understand it and apply it. You have to download and install Metatrader 4 and the indicators. You have to read the whole thread as well. I can't give you the exact reasons for that trade because you haven't done your homework yet, it would take me or anybody else ages to do that. You need a few weeks to go through it and understand it.

Take your time, patience!
Alfonso
Set and Forget supply and demand trading community
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