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Supply and demand in a nutshell by Alfonso Moreno

  • #4,601
  • Aug 2, 2014 4:17am Aug 2, 2014 4:17am
Hi to everybody, i've a question for you Alfonso:

I'm doing my homework on forex tester. Right now I'm doing a test on aussie pair from 2007 to 20014. So far I've only had one up on the monthly trend but now I have the following situation. I'm publishing this photograph with my thoughts to ask if they are correct.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-02_1056.png Size: 45 KB




This situation is in the 08/2008
  • #4,602
  • Aug 4, 2014 5:09am Aug 4, 2014 5:09am
Hello Alfonso,
may i ask if you have rule of thumb for the "obvious" valleys and peaks (DBR and RBD) now? it is sometimes difficult to follow your decisions in the webinars (looks similar, but is not). i think it was necessary for your new indicator drawing the trendlines. thanks for every rule or advice.

greetz
Joe
  • #4,603
  • Aug 5, 2014 2:41am Aug 5, 2014 2:41am
Hi ALfonso! First of all congratulation for your great 3D !! I have downloaded your indicators with template but it seems not working properly: Curve %are aolways 0% .... why??? I attach a screenshot
I hope you can help me....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 52 KB
  • #4,604
  • Aug 5, 2014 5:54am Aug 5, 2014 5:54am
Hello, Alfonso. what is your views about DAx and Dow? they are in uptrend on weekly and monthly and holding the trendlines and sitting on weekly demand which is not fresh nor original. can you have a look at dax and dow. and in next webinar can you explain Intraday trading on any stock?
  • #4,605
  • Aug 5, 2014 9:18am Aug 5, 2014 9:18am
Quoting panoramia
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...
Keep it up mate, been reading your post and appreciate them all...to all the new traders i will encourage you to stick to what work best for you, but my opinion is supply and demand move this market cus thats what economies use.
always keep your chart simple to your understanding.
MY OPINION NOT FINANCIAL ADVISE
  • #4,606
  • Aug 5, 2014 2:23pm Aug 5, 2014 2:23pm
Quoting alegargano
Hi to everybody, i've a question for you Alfonso: I'm doing my homework on forex tester. Right now I'm doing a test on aussie pair from 2007 to 20014. So far I've only had one up on the monthly trend but now I have the following situation. I'm publishing this photograph with my thoughts to ask if they are correct. {image} This situation is in the 08/2008
Read about the indicators, the one you are using on your chart is the automatic indicator. The curve % ONLY works with the rectangleReader indicator when you MANUALLY draw the rectangles on D1 WK and MN timeframes. That's why you don't see the %!

Alfonso
Set and Forget supply and demand trading community
  • #4,607
  • Aug 5, 2014 2:30pm Aug 5, 2014 2:30pm
Quoting JoeMcCool
Hello Alfonso, may i ask if you have rule of thumb for the "obvious" valleys and peaks (DBR and RBD) now? it is sometimes difficult to follow your decisions in the webinars (looks similar, but is not). i think it was necessary for your new indicator drawing the trendlines. thanks for every rule or advice. greetz Joe
Hello Joe,

The detection and drawing of valleys and peaks has very strict rules, they have to be "obvious" and clear. The word obvious may be a bit general and subjective, but it's just that. There are also rules to detect good bases based on the 6 main candlestick patterns. If those patterns are in those bases then they are good bases for those valleys and peaks. You have to see an obvious rally or drop, ELSE it will be lot of trading in the zone, that is, compression. We don't want compression at a valley or peak, they have high odds to be removed when price revisits the zone.

Hope that helps!
Alfonso
Set and Forget supply and demand trading community
  • #4,608
  • Aug 5, 2014 6:51pm Aug 5, 2014 6:51pm
Quoting Solomon1a
Hello, Alfonso. what is your views about DAx and Dow? they are in uptrend on weekly and monthly and holding the trendlines and sitting on weekly demand which is not fresh nor original. can you have a look at dax and dow. and in next webinar can you explain Intraday trading on any stock?
Sorry, but I am not trading intraday so I can't add intraday analysis to my next webinar. I am fully focused on swing and position trading. I am away now and I neither trade Dow nor Dax, but if you post a top down analysis from Monthly down to D1 chart with the zones and trendlines as per the rules, I will tell give you my opinion on how the rules are working with those 2 instruments.

Thanks a lot
Alfonso
Set and Forget supply and demand trading community
  • #4,609
  • Aug 6, 2014 10:20pm Aug 6, 2014 10:20pm
is anyone able to share the " 50% Basing Candle" indi?
Just trade the pullback you idiot!
  • #4,610
  • Aug 7, 2014 5:04am Aug 7, 2014 5:04am
Quoting Batavier
is anyone able to share the " 50% Basing Candle" indi?
Batavier, its part of the rectangle reader indicator...if you dont have that you can register for alfonsos free webinars and you will get a link for the indicators
  • #4,611
  • Aug 7, 2014 6:25am Aug 7, 2014 6:25am
Thanks Dimi I see it now.

I get a continual alert on Alfonso's template . How do I turn it off?
Thanks for your help.http://i.gyazo.com/dfaa46b0d3a6d08c8a9522c0df9dade7.png
Just trade the pullback you idiot!
  • #4,612
  • Aug 8, 2014 2:51am Aug 8, 2014 2:51am
Quoting Batavier
Thanks Dimi I see it now. I get a continual alert on Alfonso's template . How do I turn it off? Thanks for your help.{image}
You are not using the latest indicators my friend. That alert belongs to the support and resistance indicator, u are not using the fixed one. The latest indicators can be downloaded if you register the free webinars, I mean if you use that form. But make sure you delete all traces from that indicator on your current installation. Alfonso
Set and Forget supply and demand trading community
  • #4,613
  • Aug 8, 2014 3:55am Aug 8, 2014 3:55am
Thanks Alfonso. I did get the indicators by registering. However the autoinstaller didn't work so I manually inserted them. I will remove the support resistance indi. Thanks for your help.
Just trade the pullback you idiot!
  • #4,614
  • Edited 12:16pm Aug 8, 2014 5:06am | Edited 12:16pm
step by step i see the light.... no holiday for me, i don't want it... i want working hard!
Another one, thanks a lot Alfonso


P.S.
I'm doing an experiment about an entry in two different Mt4 of different broker setted in two different time zones.... I do this because the difference between two zone of demand is about 20 pips more or less, stay tuned
  • #4,615
  • Edited 7:01pm Aug 8, 2014 6:48pm | Edited 7:01pm
Quoting panoramia
Thanks to a user that read my thread, I realized I made a mistake when packing the indicators needed for my template, they also need some libraries that has some inner functionalities needed by the indicators. Please downlod the indicators.zip file again from the 1st post in my thread or this post. You will need to: - Copy indicators to MT/Experts/Indicators folder - Copy libraries to MT/Experts/Libraries folder - Restart MT when you do that Sorry for the inconvenience! We're all humans after all! Alfonso {file} {file}
Has anyone gotten ADR_V2 working for Build 670? I'm getting all sorts of errors and alert popups with the libraries installed:

2014.08.08 19:42:52.870 ftc_EALib EURUSD,H1: Alert: \n\n
2014.08.08 19:42:52.870 ftc_registry EURUSD,H1: SetKeyValue failed with Code: 6
2014.08.08 19:42:52.870 ftc_registry EURUSD,H1: 6770895
2014.08.08 19:42:52.870 ftc_registry EURUSD,H1: CreateNewKey Failed with Code: 5
2014.08.08 19:42:52.870 ftc_EALib EURUSD,H1: New Popup Time: 2014.08.08 20:54:59

If I try to rebuild it, I get these errors:

2014.08.08 20:00:19.656 ADR_v2 EURUSD,H4: initialized
2014.08.08 20:00:19.651 unresolved import function call
2014.08.08 20:00:19.651 Cannot call 'ftc_EALib.ex4::getAccountType', 'ftc_EALib.ex4' is not loaded
2014.08.08 20:00:18.175 Custom indicator ADR_v2 EURUSD,H4: loaded successfully
2014.08.08 20:00:18.175 Cannot load 'C:\Users\IBM_ADMIN\AppData\Roaming\MetaQuotes\Terminal\1D46A01AB23E1A17239556C65E4F97B8\MQL4\indicators\ftc_EALib.ex4'
  • #4,616
  • Aug 9, 2014 1:10am Aug 9, 2014 1:10am
Quoting ranger_lp
{quote} Has anyone gotten ADR_V2 working for Build 670? I'm getting all sorts of errors and alert popups with the libraries installed: 2014.08.08 19:42:52.870 ftc_EALib EURUSD,H1: Alert: \n\n 2014.08.08 19:42:52.870 ftc_registry EURUSD,H1: SetKeyValue failed with Code: 6 2014.08.08 19:42:52.870 ftc_registry EURUSD,H1: 6770895 2014.08.08 19:42:52.870 ftc_registry EURUSD,H1: CreateNewKey Failed with Code: 5 2014.08.08 19:42:52.870 ftc_EALib EURUSD,H1: New Popup Time: 2014.08.08 20:54:59 If I try to rebuild it, I get these errors: 2014.08.08 20:00:19.656...
I haven't checked that indicator for a long time since I am not using ADR2 anymore, I don't really need it beccause I am doing swing/position. Will check it out when I get back home in a few days though. Thanks for pointed it out!

Alfonso
Set and Forget supply and demand trading community
  • #4,617
  • Edited 2:47am Aug 11, 2014 2:10am | Edited 2:47am
Hello Alfonso, I am thinking more and more about trying out the membership in your set-and-forget community and see, how it goes. I dont have any experiences with paid membership in any forex group, but this one might be useful. May I ask, how big is this community (roughly how many members)? Thank you for your answer.

And a basic question about the system. I have this scenario:
S/D level A is nice, but it did not removed any previous S/D. I wont trade it. New level B is created, it took out the level A. Is level B allow to trade per rules? Or the level B has to take out some S/D level, which took out some previous S/D?

I hope the question make sense. I went through almost all of your videos and read your first post few times, but with this, I am still confused, I am sorry about such a basic question. I guess, the level B is tradable per rules, but I want to be sure. Thank you.
  • #4,618
  • Aug 12, 2014 12:44am Aug 12, 2014 12:44am
Sorry for my late response but I am away. Let me answer your doubt about the system Emmilia

Quoting Emmilia
A basic question about the system. I have this scenario: S/D level A is nice, but it did not removed any previous S/D. I wont trade it. New level B is created, it took out the level A. Is level B allow to trade per rules? Or the level B has to take out some S/D level, which took out some previous S/D? I hope the question make sense. I went through almost all of your videos and read your first post few times, but with this, I am still confused, I am sorry about such a basic question. I guess, the level B is tradable per rules, but I want to be sure....

  1. If a S/D level is "nice" but it did not remove any previous opposing S/D level, THEN it's not a level. It can be a level under certain circumstances like having a lot of room to opposing level and nothing to remove
  2. New level B took out Level A, then level B is tradable because it was the one that took out the opposing level
  3. What was the level that took out the opposing level on that TF? Level A or Level B? Level B. So Level B is the one that is tradable

Hope that it helped!

Alfonso

Set and Forget supply and demand trading community
  • #4,619
  • Edited 1:51am Aug 12, 2014 1:38am | Edited 1:51am
Quoting panoramia
Sorry for my late response but I am away. Let me answer your doubt about the system Emmilia {quote} If a S/D level is "nice" but it did not remove any previous opposing S/D level, THEN it's not a level. It can be a level under certain circumstances like having a lot of room to opposing level and nothing to remove New level B took out Level A, then level B is tradable because it was the one that took out the opposing level What was the level that took out the opposing level on that TF? Level A or Level B? Level B. So Level B is the one that is tradable...
Sorry to belabor the issue, but your answer seems to contradict what you express in your videos.

If Level A was never a level because it never removed an opposing level, then level B never took out anything significant. So shouldn't both level A and B be NON-tradable? Shouldn't level B take out a verified, tradable level to become itself tradable? Or is it only necessary that it takes out something with the potential to become real S/D?

Or perhaps the assumption here is that level B has already taken out a verified opposing level. In other words, either near term Supply or Demand, one or the other must be valid at all times...
  • #4,620
  • Aug 12, 2014 1:50am Aug 12, 2014 1:50am
Quoting stevefx
{quote} Sorry to belabor the issue, but your answer seems to contradict what you express in your videos. If Level A was never a level because it never removed an opposing level, then level B never took out anything significant. So shouldn't both level A and B be NON-tradable? Shouldn't level B take out a verified, tradable level to become itself tradable? Or is it only necessary that it takes out something with the potential to become real S/D?
We are talking about IF THEN scenarios here with no chart... the answer is correct. I don't really understand your reply. Maybe I misunderstood Emmilia's question and she meant that Level A had not taken any opposing zone so Level B cannot be a level after all.... but let me put this down clearly since the rules are pretty straight forward in this matter:

IF level X takes out level Y, then Level X is a valid tradeable level. BUT, level must meet the 2:1 imbalance, good base, etc... then we need to make a top down analysis in order to assess if the level is tradeable, it's not just looking at one single chart.

In a downtrend scenario, we trade all valid supply zones that remove opposing demand zones, it canīt be "simpler" than that. If in that downtrend scenario potential Level A (supply) takes out confirmed Level B (demand), then it's Level A that is tradeable as long as the Trendline in that TF is being respected, ELSE we need to wait for our short 1 TF higher as dictated by the Realignment/Sequence rules.

Hope that makes sense.
Alfonso
Set and Forget supply and demand trading community
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