Supply and demand in a nutshell by Alfonso Moreno | Page 230 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #4,581
  • Jul 29, 2014 1:57am Jul 29, 2014 1:57am
Quoting sonigl
Dear Alfonso, Is there any snd pocket indicators for 5 digits brokers? I'd happy if there's any pocket snd indicator for 5 digit brokers because I'd like to make precision snd in my chart. Regards, sonigl
What do you mean with snd pocket indicator? Pocket? I don't know what you mean. The rectange reader indicator I developped works for 4 and 5 digit brokers precisely. If you are referring to another indicator, I don't know, since I don't use anything else!

Alfonso
Set and Forget supply and demand trading community
  • #4,582
  • Jul 29, 2014 4:51am Jul 29, 2014 4:51am
Quoting panoramia
{quote} What do you mean with snd pocket indicator? Pocket? I don't know what you mean. The rectange reader indicator I developped works for 4 and 5 digit brokers precisely. If you are referring to another indicator, I don't know, since I don't use anything else! Alfonso
Hello Alfonso,

Sorry if I make you confused, The snd pocket indicators I mean an automatic SnD and rectangle reader indicators. I need the indicators that works for 5 digits broker because when I change the value of rectangle sometimes the value change by themselves. for example... I change the value from 0.84345 to 0.84337 but the result is 0.84340 ( it's just like rounding off). hope you understand what i mean

sonigl
  • #4,583
  • Jul 29, 2014 8:07am Jul 29, 2014 8:07am
Quoting sonigl
{quote} Hello Alfonso, Sorry if I make you confused, The snd pocket indicators I mean an automatic SnD and rectangle reader indicators. I need the indicators that works for 5 digits broker because when I change the value of rectangle sometimes the value change by themselves. for example... I change the value from 0.84345 to 0.84337 but the result is 0.84340 ( it's just like rounding off). hope you understand what i mean sonigl
That's not an error, the RR indicator was built to round up and round down, it was made on purpose like that. It's perfectly working for 4-5 digits but it rounds up/down because it's been coded like that. 0.5 is nothing, I want to have round numbers and not a fraction of a pip. It cannot be changed, it is like that!

Alfonso
Set and Forget supply and demand trading community
  • #4,584
  • Jul 30, 2014 3:42am Jul 30, 2014 3:42am
I wanted to share with you a long on SGD/JPY triggered a few days ago on D1 demand after price was bouncing off WK ascending Trendline with the Weekly in an uptrend. Still holding this trade. I trade this pair and many others only on D1 imbalances, it would take me a long time to go through all the pairs I trade on H4 timeframe.

Brand new potential D1 CP demand could work. I moved my SL underneath this new zone to lock in some profits


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Set and Forget supply and demand trading community
  • #4,585
  • Jul 30, 2014 8:01am Jul 30, 2014 8:01am
Quoting panoramia
{quote} That's not an error, the RR indicator was built to round up and round down, it was made on purpose like that. It's perfectly working for 4-5 digits but it rounds up/down because it's been coded like that. 0.5 is nothing, I want to have round numbers and not a fraction of a pip. It cannot be changed, it is like that! Alfonso
Okey... thank you very much for your explanation. the RR indicator very help me to find the snd areas.

regards,
sonigl
  • #4,586
  • Jul 30, 2014 9:30am Jul 30, 2014 9:30am
Quoting panoramia
I wanted to share with you a long on SGD/JPY triggered a few days ago on D1 demand after price was bouncing off WK ascending Trendline with the Weekly in an uptrend. Still holding this trade. I trade this pair and many others only on D1 imbalances, it would take me a long time to go through all the pairs I trade on H4 timeframe. Brand new potential D1 CP demand could work. I moved my SL underneath this new zone to lock in some profits {image}

Hi my Friend,

i have one cuestión, what makes that level valid? because it didnt broke avobe any supply zone, or its a wow kind of trade?

thank you and have a good one
passion and discipline
  • #4,587
  • Jul 30, 2014 1:11pm Jul 30, 2014 1:11pm
Quoting rohule
{quote} Hi my Friend, i have one cuestión, what makes that level valid? because it didnt broke avobe any supply zone, or its a wow kind of trade? thank you and have a good one
Brand new imbalance that caused the break of the trendline on the D1, confluence with the WK TL, with bigger timeframes in an uptrend
Alfonso
Set and Forget supply and demand trading community
  • #4,588
  • Jul 30, 2014 6:31pm Jul 30, 2014 6:31pm
Hi Alfonso, i just want to say thanks for showing us the right way, YOU ARE A GREAT MAN. i have not commented much because i was busy reading from page one. Please can you help me with another support and resistance high and low indicator, the one you gave us is not working with the new MT4 platform.thanks.
  • #4,589
  • Jul 31, 2014 12:56am Jul 31, 2014 12:56am
Quoting sympathy
Hi Alfonso, i just want to say thanks for showing us the right way, YOU ARE A GREAT MAN. i have not commented much because i was busy reading from page one. Please can you help me with another support and resistance high and low indicator, the one you gave us is not working with the new MT4 platform.thanks.
Thanks for your words, I'm glad you you've taken the time to read from 1st post, I don't think many did that. The support and resistance indicator has not been changed since it was created more than 2 years ago, it works with all MT platforms, I'm using it and not a single problem ever. I've attached it to this chart, it's the one I use and it should be the one you will get when you download the indicators.

Hope that helps!
Alfonso
Attached File(s)
File Type: ex4 ftc_SupportAndResistance.ex4   7 KB | 2,626 downloads
Set and Forget supply and demand trading community
  • #4,590
  • Jul 31, 2014 1:25am Jul 31, 2014 1:25am
It's crazy how the US Index has been rallying without providing a single pullback to the newly created D1 demand zones, similar thing happened to the EURUSD. Price is now over-extended, price could start retracing a bit with some big news event or maybe it won't and it will continue rallying.

  1. The Weekly chart is now in an uptrend, it made a HH and we can now draw an ascending TL. There is a new WK demand confirmed that took out opposing compressed WK supply
  2. D1 is up and over-extended with several D1 CP demand zones
  3. Potential MN demand zone and MN WoW long if we get the consolidation away, but the setup won't be valid for some time, this is thinking way ahead of time


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Set and Forget supply and demand trading community
  • #4,591
  • Jul 31, 2014 1:47am Jul 31, 2014 1:47am
Missed a second D1 CP long entry on EBAY, that is, price did not pullback, pity. Remember I'm trading some shares and equities in demo mode, not live because my live broker doesn't have these instruments. But we can see the rules and entries work the same way no matter which instrument we trade.

This is a position trade I got based on the MN demand curve (too low) with a brand new D1 demand zone at the MN's proximal line. The D1 demand zone that I took was located within a MN bearish candle right at the retest of the MN proximal line. Rules were followed one by one for this trade to happen

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Set and Forget supply and demand trading community
  • #4,592
  • Jul 31, 2014 1:56am Jul 31, 2014 1:56am
Quoting panoramia
It's crazy how the US Index has been rallying without providing a single pullback to the newly created D1 demand zones, similar thing happened to the EURUSD. Price is now over-extended, price could start retracing a bit with some big news event or maybe it won't and it will continue rallying. The Weekly chart is now in an uptrend, it made a HH and we can now draw an ascending TL. There is a new WK demand confirmed that took out opposing compressed WK supply D1 is up and over-extended with several D1 CP demand zones Potential MN demand zone and MN...
There are quite a few US cross and exotic pairs that have could provide us with great opportunities on D1 zones and lower timeframes if you trade those. Check them out and share your top down analysis over here so we can see what you see and try to help you.

Alfonso
Set and Forget supply and demand trading community
  • #4,593
  • Jul 31, 2014 2:33am Jul 31, 2014 2:33am
This is just a reminder that a new live webinar will be held today the 31st July 2014 at 12 PM CEST time, 2 hours before NY Market opens. It will be the last one before I leave on holidays tomorrow.

We'll cover a new concept that was introduced at the supply and demand trading community a few months ago. And we'll go through a few live trades that are active and running while we go though the whole process.

  1. SUBJECT: Longer term position trading, the Sequence and the Realignment
  2. DATE: Thursday 31st July 2014
  3. TIME: 12:00 PM - 1:30 PM CEST (Central European Summer TIme), 2 hours before NY Market Open
  4. LINK TO JOIN: if you haven't joined one of the webinars before, fill out this form in order to obtain the link... you will get it in the confirmation email, check your spam folder just in case

You can join now, you will be notified by email 1 day and 1 hour before it starts. The webinar will be recorded as always

I will try to cover all these topics:

  1. Longer term position trading
  2. The Sequence and The Realignment, a new concept introduced a few months at the Set and Forget community
  3. How to trade with the D1 supply and demand imbalances
  4. Under which conditions we should hold a trade and how
  5. Will try to be as simple and specific as possible so everything is as clear as water to plan a trade

Hope to see you there
Alfonso

Set and Forget supply and demand trading community
  • #4,594
  • Jul 31, 2014 2:38am Jul 31, 2014 2:38am
good morning Alfonso,

is it normal to have such different charts between brokers?

oh by the way this is my Dollar Index chart daily and weekly
Dimi
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  • #4,595
  • Edited 3:01am Jul 31, 2014 2:46am | Edited 3:01am
Quoting Dimi
good morning Alfonso, is it normal to have such different charts between brokers? oh by the way this is my Dollar Index chart daily and weekly Dimi {image} {image}
Welcome to the world of the un-regulated Forex market Trade what you see on your chart my friend, that's the ONLY thing you can do... else trade Forex Futures! I just trade what I see and it works, if you don't check other brokers you won't see the difference. If you have a beautiful girlfriend, why should you look at other girls? It won't help you

Alfonso
Set and Forget supply and demand trading community
  • #4,596
  • Jul 31, 2014 6:06am Jul 31, 2014 6:06am
Quoting panoramia
{quote} Welcome to the world of the un-regulated Forex market Trade what you see on your chart my friend, that's the ONLY thing you can do... else trade Forex Futures! I just trade what I see and it works, if you don't check other brokers you won't see the difference. If you have a beautiful girlfriend, why should you look at other girls? It won't help you Alfonso

Alfonso why do you need money for subscription to the forums?!

If a system is so good you are probably making millions, why would you need peanuts from us? I mean for me subscription mention on your page is just too much for me.

oh man and I was just at the point of excitement...

Any members or ex-members of http://www.set-and-forget.com please give me some comments of the forum, opinions, how good the system is etc?

I really don't want to waste any more time (to me a much more valuable thing that money) on stuff that I just don't have ANY confirmation how good it works.

thank you
  • #4,597
  • Edited 9:44am Jul 31, 2014 8:17am | Edited 9:44am
Quoting airmac
{quote} Alfonso why do you need money for subscription to the forums?! If a system is so good you are probably making millions, why would you need peanuts from us? I mean for me subscription mention on your page is just too much for me. oh man and I was just at the point of excitement... Any members or ex-members of http://www.set-and-forget.com please give me some comments of the forum, opinions, how good the system is etc? I really don't want to waste any more time (to me a much more valuable thing that money) on stuff that I just don't...
I am not making millions, I don't expect to make them and I am not interested in making so much money becaus it's unrreal, a small % a month is enough for me and should be for most. It's funny to see that people like you and a few others in the past did not write a single post, and the first/second one they write is to complain about the private iniciative with the supply and demand community. First of all, you have no rights to complain because you have not read the whole forum and you don't don't know the reasons why the private community was created in the first place. Second of all, check out the internet and try to find a place where you have such a complete set of rules on a strategy based on supply and demand and for free. You can pay thousands to get a course on supply and demand and you won't even get a fraction of what you can read in post #1.

It's funny that the excitement vanished out of the blue. You may have heard of IPhones, then you learnt you had to pay $600 for it, thus your excitement is gone and you think it's a useless device. Do whatever you want to do, but such an attitude is not the one we want in a forum, be it free o not.

I think you didn't read correctly or your sight was blinded once you read about the private community, this forum is FREE and there is no charge. I help EVERYBODY, I answer each and every question posted in the free forum. If anybody wants to have the support of a community committed to trading with the same rules, they will be welcome.... Rules in post #1 are enough for you to trade the strategy successfully, the private community is optional, you are not forced to join it. But even on the free forum (this one) people won't ask that much, they are busy trying to find the non existing holy grail of trading. Success is in one's attitude to trading, nothing else.

I won't extend on this matter because it's useless my friend. You are free to leave and go somewhere else, but I decided it for yourself since I manage this free forum and I don't want it populated with posts like yours and many others in the past.

Have a great day and enjoy life. Have luck with your quest!
Alfonso
Set and Forget supply and demand trading community
  • #4,598
  • Jul 31, 2014 9:12am Jul 31, 2014 9:12am
well said Alfonso. I don't know why people like complaining so much. I mean the work you're doing on this free forum it's worth a couple of thousands and you're doing it for free. Why are they wasting their time and energy on the site if it's not what they're looking for.
  • #4,599
  • Jul 31, 2014 11:51am Jul 31, 2014 11:51am
Today's webinar has been upload to the YouTube channel, you can find the link at the bottom. We dealt in detail with one of the latest concepts introduced to the rules set some months ago, but now fully disclosed after a few months of live tested (I had previously forward tested for quite some time), the so called " The Sequence and the Realignment"

I believe that this webinar is also one of the best webinars so far, it clearly showed the power of the Sequence rules together with the supply and demand imbalances rules laid out in the 1st post. It's crucial that we decide which type of trader we are (intraday, swing or position trader) and if you are a trend trader, counter-trend trader or both. Patience is key to any strategy, supply and demand is not an exception.

By following the Sequence rules, we have a strict and mechanical set of rules that will allow us to plan ahead of time any set & forget trade and/or cancel limit orders that go against a change in the market dynamics and realignment rules.

We covered all the rules set for these concepts as well as the rationale for a few live trades that I had running on my D1 live account:

  1. SGP/JPY D1 long trade
  2. EUR/SEK D1 long trade
  3. EUR/ZAR D1 long trade
  4. USD/TRY D1 long trade
  5. Top down analysis of other pairs like: AUD/NZD, and USD/JPY
  6. How patience is key in trading any strategy
  7. Believing in what you do and putting aside your emotions with mechanical rules
  8. Talking to yourself and asking the right questions is paramount if you want want to obtain the right answers
  9. If the trend is up --> BUY. If the trend is DOWN --> SELL.. If the trend is UNCLEAR --> DO NOTHING

Hope that you enjoy the recording and it will help you to understand a bit more the way I trade supply and demand.

Have a great week, I am leaving on holidays tomorrow so I won't be available as often as normal.
Alfonso

Inserted Video
Set and Forget supply and demand trading community
  • #4,600
  • Jul 31, 2014 11:28pm Jul 31, 2014 11:28pm
Hello traders, newbie here.

First of all , thank you, Alfonzo, for this amazing thread and all the effort you are putting into, its simply incredible. I joined your webinar yesterday, it was really good one. I asked about indicators available for Forex Tester 2 and unfortunately, there is not rectangle reader available. I have no problem to do everything manually, but one thing I miss are the dots represent each base. Without it, I find very tricky to find a CP pattern.
Is it any other indicator available only for showing bases ? Or if anyone of you tested this method on FX2, did you find some useful method, or rule, I may apply for identifying base? Your help is very much appreciated.

Thank you!

PS: Alfonzo, have a wonderful vacation
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