Supply and demand in a nutshell by Alfonso Moreno | Page 201 | Forex Factory

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Attachments: Supply and demand in a nutshell by Alfonso Moreno
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Supply and demand in a nutshell by Alfonso Moreno

  • #4,001
  • Feb 23, 2014 3:40pm Feb 23, 2014 3:40pm
Quoting panoramia
{quote} You are using the automatic indicator. Do not expect it to do things right all the time. The automatic one does not take into account if previous zones have been removed. Maybe that yellow are and previous one next to it are reactions to a previous one that cannot be seen on the charts and it considered it used-up (weak) and not shown. Remember the automatic indicator has some flaws, does not detect CP areas,
What are CP areas please? I probably know, but I'm having a brain fart. Thx Alfonso
  • #4,002
  • Feb 23, 2014 3:46pm Feb 23, 2014 3:46pm
No problem. I just wanted to make sure that I was looking at it properly.

Thanks
  • #4,003
  • Feb 23, 2014 6:11pm Feb 23, 2014 6:11pm
Continuation Pattern
  • #4,004
  • Feb 23, 2014 6:29pm Feb 23, 2014 6:29pm
Quoting Xerox06
Continuation Pattern
Ahhh! Thx.
  • #4,005
  • Feb 24, 2014 12:55am Feb 24, 2014 12:55am
Quote
You are using the automatic indicator. Do not expect it to do things right all the time. The automatic one does not take into account if previous zones have been removed. Maybe that yellow are and previous one next to it are reactions to a previous one that cannot be seen on the charts and it considered it used-up (weak) and not shown. Remember the automatic indicator has some flaws, does not detect CP areas, does not take into account if opposing zone is removed and it does not draw the weak zones by default. Try to edit the settings for the indicator...
A small request, which indicator we need to edit and which part of it?Sorry for dumb question.
  • #4,006
  • Feb 24, 2014 2:15am Feb 24, 2014 2:15am
Quoting fibozone
{quote} A small request, which indicator we need to edit and which part of it?Sorry for dumb question.
I did not understand your question... Indicator to edit what? There is a supply and demand indicator attached in the first email (zip file), not created by me but by Insanities Industries some time ago, it has certain limitations. I made some modifications though. That's what we're referring to.

Alfonso
Set and Forget supply and demand trading community
  • #4,007
  • Feb 24, 2014 2:40am Feb 24, 2014 2:40am
Quoting panoramia
{quote} I did not understand your question... Indicator to edit what? There is a supply and demand indicator attached in the first email (zip file), not created by me but by Insanities Industries some time ago, it has certain limitations. I made some modifications though. That's what we're referring to. Alfonso
Hey Alfonso,

Is it possible to share the mq4 file of the supply and demand indicator that you have edited, so we can edit the code to add other functions?

Thanks
  • #4,008
  • Feb 24, 2014 4:25am Feb 24, 2014 4:25am
Quoting panoramia
{quote} Hey there! Hope you are having a great day over there AUDJPY Doing nothing, it's consolidating on D1 so nothing for me. GOLD Price is bouncing off non fresh MN demand, but hit D1 supply without closing above it, now reacting Unless Gold drops very fast in current H4 CP demand, I will not be able to take it... I drew the aggressive H4 TL after several CP demand patterns, so the top H4 demand would be invalidated. The lower D1 demand zone would be much better for the long since the H4 TL is not used when we hit a HTF demand area in a D1...
Hi Alfonso

I have been studying your reply regarding GOLD and have been trying to follow your logic on my chart. I have a live account with Alpari (UK) and my prices are different to yours? I appreciate that the price is not likely to be the same across ALL brokers but the price that is different for me is the high on 18/2/14. My highest price was 1332.010 It looks like yours peaked just above 1339.95. This seems to be a significant difference. ( I have checked prices on a few other platforms on the net and yours seems to be the only one reaching this level) This level seems fundamental to your explanation. IF the price was only as high as 1332.010 would this change your view?

Cheers Graham

(Did anyone else's price reach 1339.95?)
  • #4,009
  • Feb 24, 2014 4:45am Feb 24, 2014 4:45am
Quoting Succe55
{quote} Hi Alfonso I have been studying your reply regarding GOLD and have been trying to follow your logic on my chart. I have a live account with Alpari (UK) and my prices are different to yours? I appreciate that the price is not likely to be the same across ALL brokers but the price that is different for me is the high on 18/2/14. My highest price was 1332.010 It looks like yours peaked just above 1339.95. This seems to be a significant difference. ( I have checked prices on a few other platforms on the net and yours seems to be the only one...
I am using IC Markets... SPOT Gold, not CFDs. If I use .GOLD instead of XAUUSD then prices will be different. Like I said I am using XAUUSD spot gold.I've checked out prices with other brokers and they are very similar, so maybe you are using CFD or futures.

Alfonso
Set and Forget supply and demand trading community
  • #4,010
  • Feb 24, 2014 5:40am Feb 24, 2014 5:40am
Quoting panoramia
{quote} I am using IC Markets... SPOT Gold, not CFDs. If I use .GOLD instead of XAUUSD then prices will be different. Like I said I am using XAUUSD spot gold.I've checked out prices with other brokers and they are very similar, so maybe you are using CFD or futures. Alfonso
Hmmm.

I'm using XAUUSD also. I am just surprised that there is such a difference in price. I cross referenced the other turning points on your chart and mine and they are all very close. It is just that one spike that is so different. Maybe your broker had more Retail Stop orders at that price that they needed to trigger

I will have to make my analysis on MY chart with MY broker's prices

Anyone else, on other platforms, have a high of 1339.95 on XAUUSD on 18th Feb 2014? just curious

Graham
  • #4,011
  • Feb 24, 2014 5:44am Feb 24, 2014 5:44am
Quoting Succe55
{quote} Hmmm. I'm using XAUUSD also. I am just surprised that there is such a difference in price. I cross referenced the other turning points on your chart and mine and they are all very close. It is just that one spike that is so different. Maybe your broker had more Retail Stop orders at that price that they needed to trigger I will have to make my analysis on MY chart with MY broker's prices Anyone else, on other platforms, have a high of 1339.95 on XAUUSD on 18th Feb 2014? just curious Graham
1339.86 on XAUUSD. Refresh your price on MT4 to see if it will be different. Up top, go to tools, then history center and choose XAUUSD and download. Or talk to your broker. Those are your choices.
  • #4,012
  • Feb 24, 2014 6:37am Feb 24, 2014 6:37am
Quoting panoramia
{quote} I did not understand your question... Indicator to edit what? >>>>Try to edit the settings for the indicator and allow it to show weak zones, it will probably draw that one in a different color, yellow/purple.
I have quoted my question in quote box, I am confused about the edit settings for the indicator- which I need to edit and then allow weak zones. Sorry but I am asking this because of confusion,thanks Alfonso.
  • #4,013
  • Feb 24, 2014 8:31am Feb 24, 2014 8:31am
Quoting fibozone
{quote} I have quoted my question in quote box, I am confused about the edit settings for the indicator- which I need to edit and then allow weak zones. Sorry but I am asking this because of confusion,thanks Alfonso.
I've not originally created the SupDem indicator, it was Insanties Industries... You can read instructions of SudDem indicator here... Instructions are plain and not too much help, but those are the official docs I am not using the automatic one because it has some flaws, if you want to use it you have to know which are those.

Alfonso
Set and Forget supply and demand trading community
  • #4,014
  • Feb 24, 2014 8:52am Feb 24, 2014 8:52am
Quoting Succe55
{quote} Hmmm. I'm using XAUUSD also. I am just surprised that there is such a difference in price. I cross referenced the other turning points on your chart and mine and they are all very close. It is just that one spike that is so different. Maybe your broker had more Retail Stop orders at that price that they needed to trigger I will have to make my analysis on MY chart with MY broker's prices Anyone else, on other platforms, have a high of 1339.95 on XAUUSD on 18th Feb 2014? just curious Graham
Mine looks the same as yours. I'm using hotforex.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 32 KB
  • #4,015
  • Feb 24, 2014 9:32am Feb 24, 2014 9:32am
Quoting panoramia
{quote} I've not originally created the SupDem indicator, it was Insanties Industries... You can read instructions of SudDem indicator here... Instructions are plain and not too much help, but those are the official docs I am not using the automatic one because it has some flaws, if you want to use it you have to know which are those. Alfonso
how long you been trading LIVE using supply and demand alfonso i like the way you trade
  • #4,016
  • Feb 24, 2014 10:23am Feb 24, 2014 10:23am
Quoting Forexbuster
{quote} how long you been trading LIVE using supply and demand alfonso i like the way you trade
Live for a bit more than 1 year, now exclusively supply and demand even. I started with lower timeframes, intraday and scalping but I finally decided that swing and position trading was my style and that's what I'm doing. I want to have time for myself, swing/position trading allows me a lot of free time which is why I have decided to become a trader.

Alfonso
Set and Forget supply and demand trading community
  • #4,017
  • Feb 25, 2014 4:30am Feb 25, 2014 4:30am
hi, where can I find the SD indicator for MT4 with updated language mql4?
  • #4,018
  • Feb 25, 2014 9:11am Feb 25, 2014 9:11am
Quoting GiovanniV
hi, where can I find the SD indicator for MT4 with updated language mql4?
Hi,

These might not match with Alfonso's modification but there are few I have found somewhere and some time ago.
Attached File(s)
File Type: mq4 II_SupDemMOD_DarkBG_SolidFill.mq4   29 KB | 1,221 downloads
File Type: mq4 II_SupDemMOD_WhiteBG_SolidFill.mq4   29 KB | 1,134 downloads
  • #4,019
  • Feb 25, 2014 2:45pm Feb 25, 2014 2:45pm
Quoting rami_8
{quote} Hi, These might not match with Alfonso's modification but there are few I have found somewhere and some time ago. {file} {file}
Yes, those ones are valid. Remember those indicators do not work 100% as per the rules. They do not detect levels that have removed opposing SD zones, it does not take into account the 50% rule for bases, it does not detect CP patterns amongst other things. It does a great job but you need to know its limitations, when to use it and when not to use it. My version is working with other tools I've developed so I can't share it, sorry. The one Rami attached should suffice. You will have levels painted before they are validated (minimum RR is not calculated, the higher TF trend is not taken into account), you have to do that homework before deciding to take any of those levels.

Alfonso
Set and Forget supply and demand trading community
  • #4,020
  • Feb 25, 2014 9:22pm Feb 25, 2014 9:22pm
Quoting panoramia
{quote} Yes, those ones are valid. Remember those indicators do not work 100% as per the rules. They do not detect levels that have removed opposing SD zones, it does not take into account the 50% rule for bases, it does not detect CP patterns amongst other things. It does a great job but you need to know its limitations, when to use it and when not to use it. My version is working with other tools I've developed so I can't share it, sorry. The one Rami attached should suffice. You will have levels painted before they are validated (minimum RR is...

Hey Alfonso,

Can you make version that doesn't involve your other tools so you can share it with rest of us?
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