Supply and demand in a nutshell by Alfonso Moreno | Page 196 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #3,901
  • Feb 1, 2014 4:08am Feb 1, 2014 4:08am
Quoting kimis
maybe it will create new oportunity by absorbing demand zone and comming back to new supply zone? {image}
We need to remove that demand you painted or wait for price to rally higher into HTF supply... let's see what happens in the next days
Alfonso
Set and Forget supply and demand trading community
  • #3,902
  • Edited Feb 2, 2014 1:14pm Feb 1, 2014 5:57pm | Edited Feb 2, 2014 1:14pm
Quoting Serijbok
Hi Alfonso, Could you check my GBPAUD buying trade case. I think it was a valid trade, but possibly I have missed somthing. I used Mn, D1, H4 combo. At the begining the price was moving as I wished and made +50pip, but at night it returned and made -100 pip and hitted my SL. On the monthly chart the trend is up with valid trendline. The Mn zones were far away as the last SZ was broken. {image} On the daily the trend is up with valid trendline. {image} On H4 trend was up with valid trendline at valid fresh DZ (between 1.8836-1.8793) at CP . RR better...
Hey dunno man, what R ur conclusions? Based on anything you do know by now, would you do something different ?
Why do you think it failed (if failed, or did not deliver to your expectations)? It is your number 1 question I think. Do you have the right conclusion of yours?
From my side just one question, was, the H4 trend line intact, or broken? What is your plan in that situation? You have to be able to answer these questions, I think. So, what can you identify as possible reasons for a potential failure? As first glance it looks an OK trade according to the rules, just did not deliver, and there always will be such.
One warning sign would be to take precautions, when the rally did not form a new high, but started to fall back from below previous high.
Since H4 TL broken by now, go on HTF and look for valid demand zones there for the next entry.
Good luck with many pips!
  • #3,903
  • Feb 2, 2014 3:53pm Feb 2, 2014 3:53pm
can anyone help me with SnD templates? its not showing levels and font and colors seems messed
here is image:

http://prntscr.com/2ozdb8
Attached Image (click to enlarge)
Click to Enlarge Name: LzthxJM.png Size: 49 KB
  • #3,904
  • Feb 2, 2014 4:03pm Feb 2, 2014 4:03pm
Quoting Solomon1a
can anyone help me with SnD templates? its not showing levels and font and colors seems messed here is image: http://prntscr.com/2ozdb8 {image}
In order for the Rectangle indicator to work, you'll need to draw in the bases using the manual tool. For the Rectangle indicator or the automatic s/d levels to paint, either the market must be open with ticks coming through or you need to open the indicator properties windows and click OK to force a refresh.

HTH
  • #3,905
  • Feb 2, 2014 7:31pm Feb 2, 2014 7:31pm
i have updated as you said coolmoss, but can you see top left and bottom of chart the data is messed up and no SnD drawing up there
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 75 KB
  • #3,906
  • Feb 2, 2014 7:53pm Feb 2, 2014 7:53pm
Quoting Solomon1a
i have updated as you said coolmoss, but can you see top left and bottom of chart the data is messed up and no SnD drawing up there {image}
That is the ADR indicator. In the setting for that indicator is a parameter called spaceToNextValue, which I have set to 30. I have a hunch your setting for that parameter is mis-set.
  • #3,907
  • Feb 2, 2014 8:26pm Feb 2, 2014 8:26pm
Quoting coolmoss
{quote} That is the ADR indicator. In the setting for that indicator is a parameter called spaceToNextValue, which I have set to 30. I have a hunch your setting for that parameter is mis-set.

ok thanks dear, i have fixed it, i set my space value to 40 and separator to20, but can you show me your daily chart here? any example chartof this template
  • #3,908
  • Feb 3, 2014 1:27am Feb 3, 2014 1:27am
Quoting Solomon1a
{quote} ok thanks dear, i have fixed it, i set my space value to 40 and separator to20, but can you show me your daily chart here? any example chartof this template
You are not drawing the levels manually, so the RectangleReader indicator will not work for you. You need to enable the rectangle icon tool in MT toolbar and use it to draw rectangles. The the upper right % will be updated and so on.
Alfonso
Set and Forget supply and demand trading community
  • #3,909
  • Feb 3, 2014 5:55am Feb 3, 2014 5:55am
panoramia,
amazing contribution.

Thank you.
  • #3,910
  • Feb 3, 2014 7:53am Feb 3, 2014 7:53am
Quoting lobogabor
{quote} Hey dunno man, what R ur conclusions? Based on anything you do know by now, would you do something different ? Why do you think it failed (if failed, or did not deliver to your expectations)? It is your number 1 question I think. Do you have the right conclusion of yours? From my side just one question, was, the H4 trend line intact, or broken? What is your plan in that situation? You have to be able to answer these questions, I think. So, what can you identify as possible reasons for a potential failure? As first glance it looks an OK trade...
Hi all,
Thank you Chica, Porkpie and Lobogabor for comments. I think the described GBPAUD trade was valid and nearly perfect. But I wanted to know other expert traders opinion, especially Alfonso's. I intend to follow Alfonso's rules, because this are the most logical and well described what I could found. (Thank you Alfonso).
Possibly the picture of H4 chart was not explained well. My trade was stopped out. The entry level and stop level is marked with small 3angles (marked by MT4 platform), the TP level was below the high marked by yellow fibonacchi tools level RR3. When the trade was triggered the trendline was valid, so the trend was up on H4 TF. This trendline was broken only after my SL. My plan is in this situation to wait on HTF (D1) DZ where the trend is still up. Actually it was happened today.
  • #3,911
  • Feb 3, 2014 6:37pm Feb 3, 2014 6:37pm
Quoting dvarrin
Hi Alfonso, I'm trying to trade using supply/demand zones, but I'm experiencing a very great amount of losing trades, even if I follow the trend. It's as if the trend reverses right when I enter a trade. Any advice on how I could increase my success rate? How many winning trades do you have in comparison to losses?
Hi man, RU going to help yourself and post, or you will get to "not and forget" mode ?
Looked like you were serious about your question, and the more time passes, the less you will be able to post an accurate rationel of your entries, but of course it is up to you. You might get into the Not and forget mode.
  • #3,912
  • Edited Feb 5, 2014 12:30am Feb 4, 2014 11:02pm | Edited Feb 5, 2014 12:30am
Quoting panoramia
{quote} You are not drawing the levels manually, so the RectangleReader indicator will not work for you. You need to enable the rectangle icon tool in MT toolbar and use it to draw rectangles. The the upper right % will be updated and so on. Alfonso
Hello Alfonso,

I don't have D1 W and MN in upper right corner...Don't know why. also I noticed you have two horizontal lines : one above and one bellow rectangle. you draw them or that is by indicator( dashed and/or solid trend lines on some rectangles ) and you have them on your charts on videos as well)? what are they, are they visible in all time frames?
The Market pays you to be disciplined
  • #3,913
  • Feb 5, 2014 2:25am Feb 5, 2014 2:25am
Quoting mima
{quote} Hello Alfonso, I don't have D1 W and MN in upper right corner...Don't know why. also I noticed you have two horizontal lines : one above and one bellow rectangle. you draw them or that is by indicator( dashed and/or solid trend lines on some rectangles ) and you have them on your charts on videos as well)? what are they, are they visible in all time frames?
Hello Mima,

Those rectangles above/below % of the curve depicts if opposing levels are fresh or not fresh. It belongs to new rectangle reader version 12, only shared for now within set and forget community. It has many other functions like calculating risk and lot size for each level, drawing HTF 50% automatically on the charts, etc. But it's being tested by the community, right now not yet available in public, working on it.

Alfonso
Set and Forget supply and demand trading community
  • #3,914
  • Feb 5, 2014 2:29am Feb 5, 2014 2:29am
Hello fellow traders,

I will be holding a new live webinar on Monday 17th February 2014 at 1:00 PM C.E.T. This time it will be a completely different webinar on how to forward test supply and demand imbalances with Forex Tester 2.

WHY A WEBINAR ON FOWARD TESTING?
Visual backtests on Metatrader 4 or any other platform is not enough, it's useless. You will see what you want to see, that's all. Metatrader 4 does not allow multiple timeframe analysis on backtesting but Forex Tester does. Not knowing which candles come next is crucial in order to backtest any strategy, be it supply and demand, fibonaccci, price action... any!

WHEN WILL IT BE HELD?

  1. DATE: Monday 17th February 2014
  2. TIME: 1 PM to 2:30 Central European Time | 7 a.m to 8:30 a.m EST. Right 1 hour before NY Market Open
  3. Link to join free webinar: fill out this form http://www.set-and-forget.com/free_webinars and you will receive the link after you confirm your email

If you have previously subscribed to one of my webinars, you should have already received the link to join. Else, fill out the form above

WHAT WILL THIS WEBINAR COVER?

  1. How to configure Forex Tester 2 to forward test supply and demand
  2. How to forward test any pair using set and forget's supply and demand trading rules
  3. We'll choose a random year/month from a pair and we'll start from there real time, discussing all possible entries

Hope to see you there!
Have a great Wednesday and week!
Alfonso

Set and Forget supply and demand trading community
  • #3,915
  • Feb 5, 2014 5:08am Feb 5, 2014 5:08am
FOREXTESTER SETUP

I have started by attempting to setup forextesterII as described in the first forextesterII youtube video on the first thread. I copied the colors for the charts by eye:

I attach the screenshots of the settings.

I downloaded the first indicator in the video from the attachments on this thread. The indecator is II_SupDemMOD_WhiteBG_SolidFill and its in a zip called: II_SupDemMOD_WhiteBG...zip

The second indicator is the ftc_SupportAndResistance and I can not find a source for this. Can someone tell me the location please?
Attached Images
  • #3,916
  • Edited Feb 6, 2014 3:41am Feb 5, 2014 7:14am | Edited Feb 6, 2014 3:41am
EDIT:traade is not valid according rules. see posts from Alfonso below.

went short on AJ as per picture. Rationale - DZ has been removed. decided to short from upper SZ as it has better RR if compare to neighbouring lower SZ. will move SL to BE if price will reach RR 1:2
Attached Image (click to enlarge)
Click to Enlarge Name: AJ 140205.JPG Size: 110 KB
  • #3,917
  • Edited 10:45am Feb 5, 2014 10:18am | Edited 10:45am
Quoting panoramia
{quote} Hello Mima... Alfonso
Thank you for reply. Not rectangles ...I am asking about trend Lines above rectangles...Lines are either dashed or solid lines...

I attached your screenshots:

Please see those dashed 2 yellow lines above and below red rectangle and there are 2 green dashed lines above and below gray rectangle....

On other image there are green solid lines above and below rectangles.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 27 KB
Attached Image
The Market pays you to be disciplined
  • #3,918
  • Feb 5, 2014 4:19pm Feb 5, 2014 4:19pm
Quoting Solomon1a
i have updated as you said coolmoss, but can you see top left and bottom of chart the data is messed up and no SnD drawing up there {image}
Quoting mima
{quote} Thank you for reply. Not rectangles ...I am asking about trend Lines above rectangles...Lines are either dashed or solid lines...
Hi Solomon,
Those texts shouldn't be messed if windows font size has not been changed. I am sure you have changed windows font size to have icons with bigger texts or any other settings. Metatrader is very clever, well the opposite, and will read those settings and those texts are affected for that reason. You can changed widths like Coolmoss said as well, but they are messes because of the reason explained above.

The trendlines are not drawn unless u manually draw the levels on H4/D1/WK/MN. The trendlines color and style, as well as number of rectangle above/below current price can be controlled in the indicator input variables. By default it will show different styles for each timeframe, but you can change that.

Alfonso
Set and Forget supply and demand trading community
  • #3,919
  • Feb 5, 2014 4:57pm Feb 5, 2014 4:57pm
Quoting panoramia
Hello fellow traders, I will be holding a new live webinar on Monday 17th February 2014 at 1:00 PM C.E.T. This time it will be a completely different webinar on how to forward test supply and demand imbalances with Forex Tester 2. WHY A WEBINAR ON FOWARD TESTING? Visual backtests on Metatrader 4 or any other platform is not enough, it's useless. You will see what you want to see, that's all. Metatrader 4 does not allow multiple timeframe analysis on backtesting but Forex Tester does. Not knowing which candles come next is crucial in order to backtest...



Once again Alfonso brings an opportunity to learn and discover what is possible with Supply and Demand, whether you trade exactly as he does or slightly different as I do. The basics, the foundation, are the same. There are many here who are still having difficulty and this is another great way to advance your knowledge of this style of trading and it’s free!!
Alfonso continues to put a tremendous amount of effort (for free) here on FF. Take advantage of this opportunity and learn a great way to trade (IMHO). All that is required is time, effort, and study. The road map is pretty much spelled out for you.

Thanks Alfonso

Good trading to all

TSD
  • #3,920
  • Feb 6, 2014 12:45am Feb 6, 2014 12:45am
Quoting kimis
went short on AJ as per picture. Rationale - DZ has been removed. decided to short from upper SZ as it has better RR if compare to neighbouring lower SZ. will move SL to BE if price will reach RR 1:2 {image}

SL has been hit after barely touching RR1:2. SL was not moved to be. Waiting for another oportunity. Ozzie has started to rise due to yesterday news regarding "good situation" and not changing rate

Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 156 KB
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