Hi everyone ! Is anyone running a trading Journal on this method I read someone was but Can't remember who ? any ideas..
Supply and demand in a nutshell by Alfonso Moreno
I am scaling in. Set limit order for my 3rd lot on GBPUSD. Waiting for price to hit my limit order.
2nd lot on play has no more risk involved (moving SL gradually below BE).
Set Limit Order on new Supply Area formed by FOMC yesterday.
* TL is still down.
* Price is still high on the curve (look to go short only).
* Still lots of room for TP.
Watching closely on this pair. http://www.set-and-forget.com/core/i...lies/smile.png
2nd lot on play has no more risk involved (moving SL gradually below BE).
Set Limit Order on new Supply Area formed by FOMC yesterday.
* TL is still down.
* Price is still high on the curve (look to go short only).
* Still lots of room for TP.
Watching closely on this pair. http://www.set-and-forget.com/core/i...lies/smile.png
SMT, IPDA, Market Structure
- #3,403
- Oct 31, 2013 8:31am Oct 31, 2013 8:31am
- | Commercial User | Joined Aug 2011 | 3,559 Posts
Set and Forget supply and demand trading community
Hi Alfonso, I have to face a problem to understand Your rules \" UNFILLED BROWN or DARKGREEN = supply zone I will not use, but I want to have it on my charts to see areas I want to see broken and/or reaction to it\". And the recantgular India does not create any purple color.. i do not know why may be me some mistaken.. Please be an explanation if you have in time... Regards. Happy trading all supply and demand trader. {image}
1. UNFILLED BROWN or DARKGREEN = supply zone I will not use, but I want to have it on my charts to see areas I want to see broken and/or reaction to it.
2. UNFILLED DIMGREY OR BLUE = demand zone I will not use, but I want to have it on my charts to see areas I want to see broken and/or reaction to it.
These are ALFONSO's personal codes that he is using during WEBINAR's. He included this one in the list in order for traders that are viewing his WEBINAR will understand the discussion.
These are actually not included on the Rectangular Indicator features (if you are looking for it in the indicator).
So to summarize things, find below list that I have sorted in order for you and others not to be confused reading the post in page # 01.
COLOR CODES;
1. YELLOW UNFILLED DOTTED trendline = H4 supply zone
2. LIME UNFILLED DOTTED trendline = H4 demand zone
3. YELLOW FILLED trendline = D1 supply zone
4. LIME FILLED trendline = D1 demand zone
5. YELLOW UNFILLED long lines trendline = WK supply zone
6. LIME UNFILLED long lines trendline = WK demand zone
7. ORANGE FILLED long lines trendline = MN supply zone
8. DARK TURQUOISE FILLED long lines trendline = MN demand zone
BY DEFINITION;
1. BROWN = fresh supply zone
2. DARKGREEN = non-fresh supply zone
3. BLUE = fresh demand zone
4. DIMGREY = non-fresh demand zone
These are actually the basic things you need in order to understand the use of the rectangular indicator.
Next is the PURPLE COLOR:
In the rectangular indicator, colors, BROWN, DARKGREEN, BLUE and DIMGREY are being identified as legitimate levels for S/D. The indicator now applies the color coding on each legal color on each TF and adds price labels for the proximal and distal lines.
PURPLE is being done manually, if the rectangular indicator identifies a PURPLE BOX, it will identify this as a normal box (no coding and price label is added to it).
I hope this clears your query on the Rectangular Indicator.
I suggest, do not change anything yet (stick with the defaults first), use the template of Alfonso on your studies in order for you to follow and understand how it's done. Focus on HTF (because this thread is on HTF discussion).
This goes also to others.
HAPPY TRADING.
SMT, IPDA, Market Structure
Does anyone on this thread actually use this system ie with a real account ! It is all very well arguing with each other about charging but if it works then I would be happy to pay as it's value but I can not see anyone providing any proof of trades. Thomaas has a similar idea with Supply Demand but both these are very similar to support/resistance..
Yes, S&D Method is not new. There are also other traders sharing there own approach on how to use this method. But for me, personally, the approach of ALFONSO on S&D fits my trading style.
I do not understand, why some people ask for proofs, as far as I am concern, the proof should come from the trader itself. Why? because if this trading methods fits their trading style, by all means the equity curve will show good result. We should be correcting the root cause, not the escape cause.
I am part of the community, I never doubted the method, I joined the community by not asking or questioning any proof. My only proof will be my own account.
BTW, there should be no arguments here, it's just, there are these people that NEEDS ATTENTION.
Happy Trading
SMT, IPDA, Market Structure
- #3,412
- Oct 31, 2013 2:56pm Oct 31, 2013 2:56pm
- | Commercial User | Joined Aug 2011 | 3,559 Posts
Set and Forget supply and demand trading community
- #3,413
- Oct 31, 2013 8:12pm Oct 31, 2013 8:12pm
- Joined Feb 2011 | Status: Probabilities, Not Absolutes | 1,246 Posts
Part 1
Here is where the distinction rests. You can veiw the market with Optomistic opportunity or Pessimistic negativity.
Ladies and Gentlemen this really is the edge you seek. I know.... some will blah, blah this idea all day long.. Much to their loss and failure... How do I know ??.. I was that failure years ago...Trashed and in the toilet frankly as previously mentioned.
Ask yourself.. Do you think anyone who is successful operates from a negative mind set. I would argue not. And those who are successful, is some cases, amazingly successful.. Trump, Paul Tudor Jones, T Boone Pickens, Linda Bradford Raschke and many others in all types of business and professions.. Sure, did they have their failures along the way.. of course. I would argue that their attutude had a major role with their success. Look at the success you have had in your own life. There are times when that right attitude got you to that amazing success!.. This is not rocket science. This is a business like any other business. It has it uniqueness like any other business.
Part 2
Morse ask's:
The ultimate question: "Does anyone on this thread actually use this system ie with a real account". ( I would add.. are they profitable? ) I understand the question in this context..... The McDonalds is a franchise, a system, you can see they are porfitable, they are everywhere. Would be hard to argue they are not.. Agreed? You can see it, get numbers on it.. proof..... great !
The ultimate answer: You need to find someone willing to show you their statement, you can see it, get numbers on it.. proof.. Right?
Here's a way:
You will need to find someone who trusts you. Knows that you are for real/serious. I would argue that may be very difficult in this or any other forum. We all are, in large part, anonymous.
or
You can work hard, through trial an error, develop your own trading style with all that you can learn from here, other forums, personal teachers/ mentors/traders as I did...( the latter may be costly ). Maybe you have already done the aforementioned, but based on the next statement.. I am not sure?
You said: I would be happy to pay as it's value. Let's look at that: I do not know you.. I am not in need of your money... I am profitable... Where is my incentive?
Remember the McD's example: Now they have incentive !!..... They are in need of your money. They sell franchises because its profitable !
Might be the direction to go....pay as it's value
Good trading to all
TSD
Here is where the distinction rests. You can veiw the market with Optomistic opportunity or Pessimistic negativity.
Ladies and Gentlemen this really is the edge you seek. I know.... some will blah, blah this idea all day long.. Much to their loss and failure... How do I know ??.. I was that failure years ago...Trashed and in the toilet frankly as previously mentioned.
Ask yourself.. Do you think anyone who is successful operates from a negative mind set. I would argue not. And those who are successful, is some cases, amazingly successful.. Trump, Paul Tudor Jones, T Boone Pickens, Linda Bradford Raschke and many others in all types of business and professions.. Sure, did they have their failures along the way.. of course. I would argue that their attutude had a major role with their success. Look at the success you have had in your own life. There are times when that right attitude got you to that amazing success!.. This is not rocket science. This is a business like any other business. It has it uniqueness like any other business.
Part 2
Morse ask's:
The ultimate question: "Does anyone on this thread actually use this system ie with a real account". ( I would add.. are they profitable? ) I understand the question in this context..... The McDonalds is a franchise, a system, you can see they are porfitable, they are everywhere. Would be hard to argue they are not.. Agreed? You can see it, get numbers on it.. proof..... great !
The ultimate answer: You need to find someone willing to show you their statement, you can see it, get numbers on it.. proof.. Right?
Here's a way:
You will need to find someone who trusts you. Knows that you are for real/serious. I would argue that may be very difficult in this or any other forum. We all are, in large part, anonymous.
or
You can work hard, through trial an error, develop your own trading style with all that you can learn from here, other forums, personal teachers/ mentors/traders as I did...( the latter may be costly ). Maybe you have already done the aforementioned, but based on the next statement.. I am not sure?
You said: I would be happy to pay as it's value. Let's look at that: I do not know you.. I am not in need of your money... I am profitable... Where is my incentive?
Remember the McD's example: Now they have incentive !!..... They are in need of your money. They sell franchises because its profitable !
Might be the direction to go....pay as it's value
Good trading to all
TSD
hello, I have a question, my supply/demand curve is right draw from brown to blu (fresh) {image} or from first SD to first SD ? {image}
Hello Trader999, it like this.
Curves are defined on HTF. We define HTF as D1, WK, MN.
To know what curve you will use, you should know what MTF are you trading in (H1/D1, H4/WK or D1/MN).
Curves are located on the first zones on top (Supply) and bottom (Demand) of the current price.
Here is a sample of D1 Curve on USDJPY.
I extracted the rule on how to use the curve from post #01 (Try to re-read again the BUY LOW, SELL HIGH (in the curve or range) on post #01).
Hope it answer your question on Curves.
Happy Trading
SMT, IPDA, Market Structure
Hi guys/girls. Was just wondering if You agree or disagree with my GBPUSD Weekly chart SD analysis. {image}
Hi Deitreider, your weekly S/D zones are well defined except for DEMAND on prices (1.45380 - proximal and 1.35020 distal).
I re-draw the demand zones on that area.
There was no good price imbalance that will qualify that area as Demand.
Hope this helps.
Francis
SMT, IPDA, Market Structure
{quote} Hello Trader999, it like this. Curves are defined on HTF. We define HTF as D1, WK, MN. To know what curve you will use, you should know what MTF are you trading in (H1/D1, H4/WK or D1/MN). Curves are located on the first zones on top (Supply) and bottom (Demand) of the current price. Here is a sample of D1 Curve on USDJPY. {image} I extracted the rule on how to use the curve from post #01 (Try to re-read again the BUY LOW, SELL HIGH (in the curve or range) on post #01). {image} Hope it answer your question on Curves. Happy Trading
yes I know MTF for my trading,
but I looking only for SD fresh, or all SD level (fresh and no-fresh) for the curves?