Supply and demand in a nutshell by Alfonso Moreno | Page 202 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #4,021
  • Feb 26, 2014 4:03am Feb 26, 2014 4:03am
Quoting mima
{quote} Hey Alfonso, Can you make version that doesn't involve your other tools so you can share it with rest of us?
Hello Mima,
It's a version that has many changes to synchronize with my tools, I can't make a new version out of it right now, it's just too much time for me to do that. The actual one is good if you know what it's doing wrong, drawing the zones manually as per the rules will help identify them. Sorry if I can't help this time.
Alfonso
Set and Forget supply and demand trading community
  • #4,022
  • Feb 26, 2014 2:35pm Feb 26, 2014 2:35pm
hello,

I have a question... is there a SD indicator that draws zones automatically after first valid candle? because sometimes they occur after 3-4 candles and that's too late



thanks in advance ;-)
Trade or not to trade - that is the question...
  • #4,023
  • Feb 26, 2014 3:08pm Feb 26, 2014 3:08pm
Hello Alfonso,

a couple of pages back you stated:

"The curve or price range is measure from extreme to extreme, we thus need valleys and peaks, not CP patterns. We do not take CP patterns as components of the curve. "

This can cause issues with the indicator on the curve TF, because the indicator will count curve percents from every level (closest to price) on the chart, be it either CP pattern or peak/valley. Would you advise to disable CP pattern rectangles to be read by the indicator, so that only levels at peak/valleys are taken into account when calculating curve percents?
  • #4,024
  • Feb 26, 2014 6:28pm Feb 26, 2014 6:28pm
Quoting freakout
hello, I have a question... is there a SD indicator that draws zones automatically after first valid candle? because sometimes they occur after 3-4 candles and that's too late thanks in advance ;-)
A level is not a level is price does NOT consolidate away from its origin, so the scenario you describe is NOT too late, it's the way it has to be
Alfonso
Set and Forget supply and demand trading community
  • #4,025
  • Feb 26, 2014 6:29pm Feb 26, 2014 6:29pm
Quoting Carousel46
Hello Alfonso, a couple of pages back you stated: "The curve or price range is measure from extreme to extreme, we thus need valleys and peaks, not CP patterns. We do not take CP patterns as components of the curve. " This can cause issues with the indicator on the curve TF, because the indicator will count curve percents from every level (closest to price) on the chart, be it either CP pattern or peak/valley. Would you advise to disable CP pattern rectangles to be read by the indicator, so that only levels at peak/valleys are taken into account...
Hello there!

The indicator is programmed to detect the closest zones, it's us like traders that have to know what an intermmediate zone is and what the extreme is in control. If you don't want a CP pattern to be used to calculate the curve, change its color to "purple", the indicator will ignore it for the curve calculation.

Alfonso
Set and Forget supply and demand trading community
  • #4,026
  • Feb 26, 2014 7:28pm Feb 26, 2014 7:28pm
Hello Alfonso,

Looks to be a great thread among many SD threads. I like your rules based methodology, it helps to simplify things.
I have just started on the thread and am trying to set up Forex Tester 2.
Your indicators are fine on MT4, but I see that you have somehow got them into the tester software. Can you enlighten me as to how you did this.
I am perplexed!

Apologies if this has been answered in the thread, it is now rather large and I am still on page one.


Jim
  • #4,027
  • Feb 27, 2014 2:32am Feb 27, 2014 2:32am
Alfonso,
Is it possible to have pop up alert added into the indicator on the next update? The indicator works great when sup/dem is drawn manually, but an alarm would be nice to have once a zone is touched. Especially useful if trading multiple pairs. Thanks for the consideration.
  • #4,028
  • Feb 27, 2014 10:01am Feb 27, 2014 10:01am
Quoting MKFXTrader
Alfonso, Is it possible to have pop up alert added into the indicator on the next update? The indicator works great when sup/dem is drawn manually, but an alarm would be nice to have once a zone is touched. Especially useful if trading multiple pairs. Thanks for the consideration.
Hello,
That type of alarm is not possible for one reason. Every time you switch timeframes MT will alert you because it will re-initialize the indicator, some more complex functions need to be added, but I'm working on other more important features right now. It will be a pain in the *** to have those alerts done in the classic way. The easiest way for now is to use a price/line alert at the proximal lines of the levels you want to track.

Alfonso
Set and Forget supply and demand trading community
  • #4,029
  • Feb 27, 2014 10:06am Feb 27, 2014 10:06am
Quoting JimN
Hello Alfonso, Looks to be a great thread among many SD threads. I like your rules based methodology, it helps to simplify things. I have just started on the thread and am trying to set up Forex Tester 2. Your indicators are fine on MT4, but I see that you have somehow got them into the tester software. Can you enlighten me as to how you did this. I am perplexed! Apologies if this has been answered in the thread, it is now rather large and I am still on page one. Jim
Hello Tim,

Thanks for your message. Yes, they are also on Forex Tester 2. Well, not fully really because there are some Forex Tester limitations and bugs that cannot be overriden for now, pity. I've created some more indicators to make life easier on Forex Tester 2, one to send objects from a higher timeframes to lower timeframes so that we know where HTF SD zones are located in our entry timframes, another one to take 2 snapshots every time you take a trade (one on exit and a second one on exit) so that you can review your entries after a forward test session. I am working on some tools to improve the methodology and semi-automate some of the processes, but those are still under development and will be available only at set-and-forget.com. I'm sharing the updates for the rectangle reader/extender indicator though, which is the greates tool I've developped so far... but the ones I have in mind will go beyond the rectangle reader indicator, it will be like the next level, not easy but working on it

Alfonso
Set and Forget supply and demand trading community
  • #4,030
  • Feb 28, 2014 12:16am Feb 28, 2014 12:16am
Hello Alfonso & All thread participants,

I thought it was about time that I posted on this thread after slowly but surely reading through the whole thing...lots of great nuggets all the way through and some trying times a few months ago for everyone. The content in this thread has by far, been easier to digest and assimilate than anything else I have read or viewed so far. I want to thank Alfonso specifically for creating this thread and providing me with a road map to creating an easy to understand and more importantly rules based approach to trading. I have bounced through all the usual channels and finally I can really get my teeth stuck into something and not worry about moving onto the next strategy or methodology if you like.

I have by no means been trading live only demo, and even then I have been getting sidetracked with the copious amounts of information that is available on the internet. You can only learn so much then you have to take action...and this is my action point. I have been burnt by paying a huge amount of $$ for a course of which the primary purpose was to get you there, then sell you the even more advanced course (Very frustrated at that stage). I have learnt my lesson and will rely on myself and only myself to determine if I will be a useful trader. In saying that.....post 1 and the guidance that Alfonso and everyone provides here is so useful to lean on when you can't quite figure something out, so keep up the great work.

Alfonso, I see you still answer questions on this thread even with your Set & Forget commitments, I hope this remains. However once I feel I have fully understood everything that is available here and my cash flow allows it, I will become a member of your Set & Forget community more than likely.

I hope to post some charts and questions soon for some feedback from everyone, if they feel I could do a better job.
I am sure this has been said a thousand times but trading and life in general are not that far apart....The successful trader knows they can not predict what is going to happen in the next minute, hour or day they just live in the very present time. You can't control that which you have no control over.

Sorry for the long post, happy and successful trading to everyone. Catch you all soon!!
Cheers
Dan
  • #4,031
  • Feb 28, 2014 5:14am Feb 28, 2014 5:14am
Quoting Freddy_FX
Hello Alfonso & All thread participants, I thought it was about time that I posted on this thread after slowly but surely reading through the whole thing...lots of great nuggets all the way through and some trying times a few months ago for everyone. The content in this thread has by far, been easier to digest and assimilate than anything else I have read or viewed so far. I want to thank Alfonso specifically for creating this thread and providing me with a road map to creating an easy to understand and more importantly rules based approach to trading....
Thanks for your kind message Dan. Take your time to practice the methodology for some time, it will take you some weeks/months to get the knack of it, a lot of screentime. But that applies not only to SD trading but any other strategy you'd like to master. The problem is that most traders will not focus on a single strategy for months to get the most out of it. There are MANY strategies that work, MANY. SD is just one o them. But a strategy will only work if we focus on it alone. If we start adding new parameters and variables, if we switch to another one or trade several strategies at once, the outcome will almost always be the same.

This is why I encourage everybody to forward test the rules on Forex Tester for months and then you'll step in the "I beleive" stage... only then you will be in a position to trade with confidence in any given set of rules. But most traders want to become profitable very quick and they are not happy with 10-20% account growth a month, they want 100% a month... whereas professional trades are happy with 5% a month, they don't need a paycheck.

Take your time, anybody, and you will make it. How much time? As much as necessasy, but be prepared for months and months of tests and forward tests. If you are not ready for such a hard work, then I guess trading is not for you.. by you meaning anybody in general.

Alfonso
Set and Forget supply and demand trading community
  • #4,032
  • Mar 1, 2014 5:28am Mar 1, 2014 5:28am
Hello Alfonso and everyone here.....

This is very nice thread that I've found few days ago. At the moment I'm learning about Supply and Demand style but it's very difficult to get some reference. And then I found this thread. After I've read page one I feel so happy because there is very detail explanation but my english not good... this is the problems for me to understand the thread. It's oke I will try with my best. Alfonso, I would like to ask you..... After download some indicators and apply in my chart, there's an alert. how to put off the alert? Would you like to tell me how to off the alert? I'm waiting to hear from you

Thanks and Regards,
Sonigl
  • #4,033
  • Mar 2, 2014 7:17am Mar 2, 2014 7:17am
Quoting sonigl
Hello Alfonso and everyone here..... This is very nice thread that I've found few days ago. At the moment I'm learning about Supply and Demand style but it's very difficult to get some reference. And then I found this thread. After I've read page one I feel so happy because there is very detail explanation but my english not good... this is the problems for me to understand the thread. It's oke I will try with my best. Alfonso, I would like to ask you..... After download some indicators and apply in my chart, there's an alert. how to put off the...
Welcome to the thread Soni! Glad to have you hear... There is a lot of information to study, will take you some time.

I don't understand what you mean about "an alert", I never had any alert happening on my side since the very beginning. Please uplaod an image/screenshot of that problem

If you want to join the free webinars, fill in this form and you will be notified when there is a new one: http://www.set-and-forget.com/free_webinars

Have a great Sunday!
Alfonso
Set and Forget supply and demand trading community
  • #4,034
  • Mar 2, 2014 4:56pm Mar 2, 2014 4:56pm
Quoting panoramia
{quote} Welcome to the thread Soni! Glad to have you hear... There is a lot of information to study, will take you some time. I don't understand what you mean about "an alert", I never had any alert happening on my side since the very beginning. Please uplaod an image/screenshot of that problem If you want to join the free webinars, fill in this form and you will be notified when there is a new one: http://www.set-and-forget.com/free_webinars Have a great Sunday! Alfonso
Thanks for your reply Alfonso. Here is I put the screenshot to explain my problems "an alert" here http://www.mql5.com/en/charts/153590...staforex-group sorry, I don't know how to put the image here.

When I applied your template to my chart, i can't see the chart as yours. so, I put the indicator one by one.... then when I put the ADR_V2 and SupportAndResistance there is "an alert" showing as in my screenshot. I'm confused... I really love you template and indikators but the alert is disturb me. If there is a setting to active or inactive it will be mo better.

I'm waiting for to hear from you, keep going man!

Thanks and Regards,
Soni
  • #4,035
  • Mar 2, 2014 5:02pm Mar 2, 2014 5:02pm
Quoting sonigl
{quote} Thanks for your reply Alfonso. Here is I put the screenshot to explain my problems "an alert" here http://www.mql5.com/en/charts/153590...staforex-group sorry, I don't know how to put the image here. When I applied your template to my chart, i can't see the chart as yours. so, I put the indicator one by one.... then when I put the ADR_V2 and SupportAndResistance there is "an alert" showing as in my screenshot. I'm confused... I really love you template and indikators but the alert is disturb me. If there is a setting...
You are not using the latest indicators then.. Download the .rar file from 1st post. That alert might happen in the past when some libraries were being used. Those libraries were use in old indicators, you have be using old indicators. The ones on the .rar file in first post will not produce any alert popup. I've never seen that happening since then, very strange

Alfonso
Set and Forget supply and demand trading community
  • #4,036
  • Mar 3, 2014 7:07pm Mar 3, 2014 7:07pm
Quoting panoramia
{quote} You are not using the latest indicators then.. Download the .rar file from 1st post. That alert might happen in the past when some libraries were being used. Those libraries were use in old indicators, you have be using old indicators. The ones on the .rar file in first post will not produce any alert popup. I've never seen that happening since then, very strange Alfonso
I was tried to install the first indicator that you post in page one and page two... from the indicators in page one there is no libraries and working but when I was trying the indicators in page two there is i got some problem with "an alert", so I'm trying to install the indicators from page two and replace the indicator that problem with "an alert" by replace the indicator from page one.... and now.... it's working very well... look at my chart below...

http://charts.mql5.com/4/60/xauusd-h1-ibfx-inc.png


btw, do I have to install the libraries? I was trying install the indicator without install the libraries and working. what do you say Alfonso, what is the better one? I want to hear from you....

Thanks and Regards,
Soni
  • #4,037
  • Mar 3, 2014 10:07pm Mar 3, 2014 10:07pm
Quoting Freddy_FX
Hello Alfonso & All thread participants, ... I have by no means been trading live only demo, and even then I have been getting sidetracked with the copious amounts of information that is available on the internet. You can only learn so much then you have to take action...and this is my action point. I have been burnt by paying a huge amount of $$ for a course of which the primary purpose was to get you there, then sell you the even more advanced course (Very frustrated at that stage). I have learnt my lesson and will rely on myself and only myself...
Dan,
I could relate closely to some of your experiences, particularly the paying for education that was ineffective. I found this thread mid last year and and have been pleased with the way it has allowed me to focus on higher timeframes and stop me needing to be in front of the computer all the time.

I am still grasping to understand all the finer details about Alfonso's strategy that will allow me to trade with confidence, so I took the initiative to start up a google group dedicated to Alfonso's strategy (or see the URL at the end), in order to help everyone on this thread, and myself, to compile a library of answers to common questions that arise from people like yourself who are new to this thread.

I had aspirations to actively build the google group into a repository of questions I saw emerging from this thread but my full time workload and desire to spend quality time with my family and friends, has tempered that goal somewhat. However, we now have 59 members subscribed to the google group so I am hoping they will contribute to the list of questions and answers so we can build a library of knowledge for this S&D strategy to assist Alfonso to explain his approach to others.

Feel free to join the group so you can read what has been contributed already and please do start posting questions so we can build the knowledge base and motivate the other group members to be more active (things have been a little quiet lately even though we have not gathered all the answers yet).

Some things I am planning to ask about on the group in the near future relates to: 1) when NOT to trade a Continuation Pattern (CP) during a trend; 2) when to use the Reversal Patterns (vice CPs) to trade.


Cheers
Greg
Visit the Supply-Demand-Alfonso-Style group at
https://groups.google.com/d/forum/su...nd-faq-alfonso
  • #4,038
  • Mar 4, 2014 3:18am Mar 4, 2014 3:18am
Quoting sonigl
{quote} I was tried to install the first indicator that you post in page one and page two... from the indicators in page one there is no libraries and working but when I was trying the indicators in page two there is i got some problem with "an alert", so I'm trying to install the indicators from page two and replace the indicator that problem with "an alert" by replace the indicator from page one.... and now.... it's working very well... look at my chart below... {image} btw, do I have to install the libraries? I was trying install the indicator...
Nice they are now working for you No need to install the libraries, those are old files. You've got the right ones now
Alfonso
Set and Forget supply and demand trading community
  • #4,039
  • Mar 4, 2014 4:20am Mar 4, 2014 4:20am

  1. AUDCAD is ranging on D1 TF bouncing off WK supply
  2. Price is bouncing off non-fresh weekly supply. I want that supply to be taken out for clearer and high odds swing longs
  3. D1 is ranging, bouncing of D1 demand and D1 supply
  4. We need some direction
  5. If we remove D1 demand I will be looking to short, ELSE if we remove WK supply I will be looking to go long
  6. VERY similar scenario on all AUD cross pairs, D1 demand holding but HTF downtrend
  7. Remember we're talking about swing/position type of trade, not intraday

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #4,040
  • Mar 4, 2014 6:04am Mar 4, 2014 6:04am
Seeking opinions on a EURGBP (EG) situation I am currently contemplating.

I have attached a MONTHLY and H4 chart for EG. I have recently been exited from a short trade on this pair and am seriously considering taking a second bite at this pair if price comes back up to the proximal edge of the H4 SZ shown on the H4 chart. However, I cannot see a H1 SZ inside the existing H4 zone that is deeper than the existing H4 proximal edge, so my proposed entry would remain 0.8284 with SL at 0.8340

The reason I am considering a second entry is due to the fact that price did not penetrate deeply into the SZ on the first touch on 24 Feb.

I am seeking to understand any reasons why I should NOT consider this idea ... so please hit me with your thoughts.

Thanks
Greg
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBP-H4.png Size: 94 KB
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