Supply and demand in a nutshell by Alfonso Moreno | Page 222 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #4,421
  • Jun 22, 2014 5:28pm Jun 22, 2014 5:28pm
Hi Alfonso,

I will appreciate if you will clarify whether you add spread to the padding and wiggle room when you place a trade.

Regards,

Jamaa.
  • #4,422
  • Edited 2:30am Jun 23, 2014 1:43am | Edited 2:30am
Quoting jamaa
Hi Alfonso, I will appreciate if you will clarify whether you add spread to the padding and wiggle room when you place a trade. Regards, Jamaa.
Hello Jamaa,

I'd also appreciate you to read post #1 everything is there my friend! You should read that post #1 several times, watch the videos, most questions will be answered! In fact there is a video that deals with how to plan a trade, wiggle room, padding... it talks about all that in a lot of detail. You should watch all videos if you interested in the strategy, that's why they were created in the first place, to help you and others. Don't misunderstand me please
Alfonso
Set and Forget supply and demand trading community
  • #4,423
  • Jun 23, 2014 9:21am Jun 23, 2014 9:21am
I just wanted to share with you a quick preview of one of the new tools being developped at www.set-and-forget.com supply and demand community, the supply and demand auto levels indicator. It's been a few months since development of this indicator started, and not yet finished, it needs a few fixes and more debugging but it will be definitely a great tool that will help all you if you intend to keep on trading supply and demand imbalances.

  1. Auto detection of supply and demand imbalances as per the rules at this thread
  2. Auto detection of CPs (continuation patterns, rally-base-rally, drop-base-drop)
  3. Detection of opposing levels being removed in order to validate brand new imbalance. An opposing level needs to be removed in order to get validated
  4. Calculation of the curve (how high or low price is) on H4/Daily/Weekly/Monthly charts
  5. Trend and Trendlines are calculated automatically by connecting the latest valleys and peaks
  6. Detection of potential levels
  7. Toggle on/off for non-fresh levels so only fresh levels are displayed on the chart
  8. Levels and trendlines can be modified manually on each timeframe, they will remembered if changed. Calculation is not perfect, it will never be perfect, so this feature is needed
  9. Step functionality will allow you to move a vertical line on any chart and see how levels and trendlines where created, great to learn how imbalances react to each other and visual backtests
  10. Levels and trendlines are saved automatically and remembered.
  11. Levels can be synched with other Metatrader platforms at your desktop, VPS or dedicated server. No need to save/load templates
  12. And many other features

I've created a small quick preview video of how the indicator works, it's not perfect and it does not intend to be. It's just impossible to detect all imbalances and trendlines correctly, I've learnt to live with that, so it's not a big problem.

The video can be seen at this link:

Inserted Video


This indicator will only be available to members of www.set-and-forget.com supply and demand community

Have a great Monday and week! My best wishes!
Alfonso
Set and Forget supply and demand trading community
  • #4,424
  • Jun 25, 2014 10:01am Jun 25, 2014 10:01am
Alfonso, Forexfactory member of Supply and Demand can not have this indicator?
  • #4,425
  • Jun 25, 2014 1:15pm Jun 25, 2014 1:15pm
Quoting panoramia
From time to time, depending on my availability I will be creating a small trade of the week video so that you can see how supply and demand works. Some of these trades will be losses, losses are part of the game and they should not affect at all at your trading plan or how you look at the next valid trade as dictated by the rules. This is the kind of analysis that I post every week for 20+ instruments at the community. But it's not just me who posts potential trades, we're a community so many others add their 2 cents. GBPUSD D1/H4 longs Monthly,...
thank you so much for sharing your video, i have one cuestion, i see that the trend is up but is overextended for me, how to know then is not?

thank you
passion and discipline
  • #4,426
  • Jun 26, 2014 12:30am Jun 26, 2014 12:30am
Quoting Solomon1a
Alfonso, Forexfactory member of Supply and Demand can not have this indicator?
No, it won't be available for Forex Factory subscribers as explained in the video and post. It's an indicator developped together with programmers in the privated community, by them together with me, for and by the community. The old indicator will always be available though.Alfonso
Set and Forget supply and demand trading community
  • #4,427
  • Jun 26, 2014 1:06am Jun 26, 2014 1:06am
Quoting allisonmagic
can you guys analyze these for me ? intraday trades.. based on the rules here. most of them have supply or demand being blown out for no reason. Thanks in advance PS. this is all intraday {image}
I don't think anybody can look at those trades unless you post a complete analysis for each of them and the charts.. I can't do that sorry. too much work which should be done by you
Set and Forget supply and demand trading community
  • #4,428
  • Jun 26, 2014 3:59am Jun 26, 2014 3:59am
Hi Alfonzo, Is there any indication of a release date for the automated indicator tool? Regards Shane
  • #4,429
  • Jun 26, 2014 9:34am Jun 26, 2014 9:34am
Hi Alfonso hi to all!
I'm Alessandro e from a couple of day i follow this thread and the videos published from Alfonso.
I really appriciate your method of explanation and your patience, really rare in this world, and for all of that i want to say thank you.
I wanted to put into practice the basics that I have written and I have learned with the chart of NZD \ USD, here is the montly chart, take a look my thought, any suggestions are welcome!

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdmonthly.png Size: 58 KB
  • #4,430
  • Jun 26, 2014 5:20pm Jun 26, 2014 5:20pm
i just noticed something.. if we have to wait for confirmation, you'll miss the trade out of supply or demand area.. also after watching your vids, it looks like you just take positions on a retest of these areas. is that correct ?
  • #4,431
  • Jun 26, 2014 5:59pm Jun 26, 2014 5:59pm
Quoting allisonmagic
i just noticed something.. if we have to wait for confirmation, you'll miss the trade out of supply or demand area.. also after watching your vids, it looks like you just take positions on a retest of these areas. is that correct ?
I think you'll find the answer in the title of his private community and website.

"Set-And-Forget"
  • #4,432
  • Jun 26, 2014 6:09pm Jun 26, 2014 6:09pm
Quoting srt
{quote} I think you'll find the answer in the title of his private community and website. "Set-And-Forget"

yeah this thread is useless.. i gotta pay 100+ to get any info.. fucking rip off.. im out
  • #4,433
  • Jun 26, 2014 7:32pm Jun 26, 2014 7:32pm
Quoting allisonmagic
{quote} yeah this thread is useless.. i gotta pay 100+ to get any info.. fucking rip off.. im out
Sorry, I think you misunderstood my response.

The answer to your question is in the title "Set-And-Forget" meaning that you don't wait for price action confirmation for entries. "Set" your trade & "Forget" about it until after entry & moving SL later. You find a supply/demand area, place your order above/below the zone with SL opposite side of zone. Place your target & let the trade play out. No need to watch PA & enter on a retracement to the zone. After entry, then you can move SL in your favor as time goes by to lock in profits until price reaches target or get stopped out.

Alfonso has done a more in-depth explanation of his method than almost any thread you'll read.
  • #4,434
  • Jun 27, 2014 1:01am Jun 27, 2014 1:01am
Quoting srt
{quote} Sorry, I think you misunderstood my response. The answer to your question is in the title "Set-And-Forget" meaning that you don't wait for price action confirmation for entries. "Set" your trade & "Forget" about it until after entry & moving SL later. You find a supply/demand area, place your order above/below the zone with SL opposite side of zone. Place your target & let the trade play out. No need to watch PA & enter on a retracement to the zone. After entry, then you can move SL in your favor...
Thanks for your message and your support my friend. There will always some or many that won't understand why things are done and won't appreciate all the information provided for free on this thread, if they would they would not end up insulting someone who is just trying to help. The user has been ignored so he will no longer be able to post again in this thread. He will probably be jumping from strategy to strategy trying to find the non-exisiting holy grail, that holy grail is within each of us as traders, we need to make very hard decisions while fighting against ourselves.Have a great day!Alfonso
Set and Forget supply and demand trading community
  • #4,435
  • Jun 27, 2014 1:04am Jun 27, 2014 1:04am
Quoting alegargano
Hi Alfonso hi to all! I'm Alessandro e from a couple of day i follow this thread and the videos published from Alfonso. I really appriciate your method of explanation and your patience, really rare in this world, and for all of that i want to say thank you. I wanted to put into practice the basics that I have written and I have learned with the chart of NZD \ USD, here is the montly chart, take a look my thought, any suggestions are welcome! {image}
Hello my friend!
NZDUSD is making higher highs creating new imbalances all the way up. MN extremes are being under attack and new levels being formed on D1 and WK. No reason to sell but too high to buy unless it's a great level. EURNZD keeps on dropping, which is correlated with NZDUSD. So no reason to short NZDUSD right now.

Alfonso
Set and Forget supply and demand trading community
  • #4,436
  • Jun 27, 2014 1:18am Jun 27, 2014 1:18am
Quoting panoramia
{quote} Hello my friend! NZDUSD is making higher highs creating new imbalances all the way up. MN extremes are being under attack and new levels being formed on D1 and WK. No reason to sell but too high to buy unless it's a great level. EURNZD keeps on dropping, which is correlated with NZDUSD. So no reason to short NZDUSD right now. Alfonso
Hi Alfonso, good morning!
Yes, i don't want to sell NZD\USD i'm waiting for a new HH also in the montly to confirm the new demand level at 0.8057 - 0.8190 My thought about this zone is correct?
The zone that i've marked with the ellipse and the thought about it written at the bottom of the picture is correct?
Thanks for the reply
  • #4,437
  • Jun 27, 2014 2:20am Jun 27, 2014 2:20am
Quoting alegargano
{quote} Hi Alfonso, good morning! Yes, i don't want to sell NZD\USD i'm waiting for a new HH also in the montly to confirm the new demand level at 0.8057 - 0.8190 My thought about this zone is correct? The zone that i've marked with the ellipse and the thought about it written at the bottom of the picture is correct? Thanks for the reply
Yes the zone in the ellipae is correct. The one a bit higher is the one that removed supply, the lower one in the ellipse has inherited the demand property because the top one did remove it. This is a concept used a lot, inheritance and disinheritance as long as trend is still valid.Alfonso
Set and Forget supply and demand trading community
  • #4,438
  • Jun 27, 2014 2:37am Jun 27, 2014 2:37am
Quoting allisonmagic
{quote} yeah this thread is useless.. i gotta pay 100+ to get any info.. fucking rip off.. im out
Typical immature retarded response towards a very giving and professional FF member. I think you need to run to your mummy to get your nappy changed.
  • #4,439
  • Jun 27, 2014 8:00am Jun 27, 2014 8:00am
Quoting panoramia
{quote} Yes the zone in the ellipae is correct. The one a bit higher is the one that removed supply, the lower one in the ellipse has inherited the demand property because the top one did remove it. This is a concept used a lot, inheritance and disinheritance as long as trend is still valid.Alfonso

Thank you a lot Alfonso!
  • #4,440
  • Jun 29, 2014 10:02am Jun 29, 2014 10:02am
Hi everybody my study never sleep so, here i post an interesting chart that i've analyzed:
This chart is the usd\cad Tf montly weekly daily...
I do not add any further comments to those posted in the figures because i want discuss with all of you, so, and that's clear, any suggestions are welcome


Attached Image (click to enlarge)
Click to Enlarge Name: usdcadmonthly.png Size: 66 KB



Attached Image (click to enlarge)
Click to Enlarge Name: usdcadweekly.png Size: 65 KB



Attached Image (click to enlarge)
Click to Enlarge Name: usdcaddaily.png Size: 63 KB
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