Alfonso, Very interesting Swing setups, I've been watching your videos all weekend. Thanks for all the Vids/Info. Did you ever trade Macd3?
Alfonso
Set and Forget supply and demand trading community
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- Nov 30, 2014 2:38pm Nov 30, 2014 2:38pm
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Alfonso
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- Nov 30, 2014 2:52pm Nov 30, 2014 2:52pm
{quote} Thanks for such a detailed update on the indicator. I will load it next week on my Forex Tester platform and see how it works. If you send me a private email through set-and-forget.com contact form I will send you something that I can share with you. Have a great weekend! Alfonso
I found some bugs in RR for FT2. Here is updated version of RR form FT2.
Also I am member of your set-and-forget for 3 days now.
I will send you a message through web form.
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- Nov 30, 2014 3:21pm Nov 30, 2014 3:21pm
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- Edited 4:34pm Nov 30, 2014 3:51pm | Edited 4:34pm
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Alfonso... great thread!! Have been learning alot!! What is your take on JPY and CHF pairs... are we going to see some heavy 300-500 pip movements?
Yen pairs are very weak and Nikkei very strong. Buying yen not a good idea.
EUR/CHF very weak as well, buying EURO/CHF not a good idea.
That's what the big picture is saying, anything against that is going counter-trend. Applying the rules will get some provide with points for related pairs. I'm long on some Yen cross pairs and also long on Nikkei, because it's the way to go as per the rules.
300-500 pips movements? No idea
I don't measure profit by the movement in pips but by the percentages over the risk taken (1% risk normally).Hope that makes sense!
Alfonso
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- Nov 30, 2014 11:35pm Nov 30, 2014 11:35pm
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MT4 EA, Indicator and Alert Coder Since 2006
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{quote} Thanks for your mesage. Yes, macd3 was the first strategy I ever trader until I discover supply and demand. Since then, I've been trading exclusively supply and demand and will always be
I've been with them off and on at least 3-6mo. out of each year since 2010.
I'm going to stay in this thread from now on!!!!
Over last 3ish mo. I've been stripping one indicator at a time off my charts and now down to just the ma's.
Good to find you again in advanced trading mode.
Cheers
Mightyzoner
aka Prochargedmopar
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{quote} Cool, I've been with them off and on at least 3-6mo. out of each year since 2010. I'm going to stay in this thread from now on!!!! Over last 3ish mo. I've been stripping one indicator at a time off my charts and now down to just the ma's.
Steve is great, he's a great teacher and person, and the strategy works. At least I made it work for me.... but it's intraday/scalping mostly and that was not for me, too many indicators as well. I prefer longer term and no indicators at all, reading price and supply and demand imbalances is more than enough.Enjoy your week!
Alfonso
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- Dec 1, 2014 3:40am Dec 1, 2014 3:40am
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- Dec 1, 2014 3:49am Dec 1, 2014 3:49am
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{quote} I don't quite understand your response. Could you post your chart showing levels and cycle so I can understand what you're saying? To me it seems like you're selling into an area of demand... I must be missing something obvious. Lux
What defines a downtrend?
- Supply zones are respected
- Demand zones are taken out
Since we are in a clear downtrend on ALL tiframes on AUD/USD, opposing zones (no matter which TF we're talking about) are expected to be taken out, unless we reach a very important zone or an extreme.
That MN DZ you are talking about is valid MN DZ but it goes against the downtrend. Price will most likely react from it and not break it instantly, it might even be a reversal point but odds are for shorts not for longs.
IF AUD/USD was in an uptrend it would be a COMPLETELY different thing, but AUD/USD is in a clear and strong downtrend, so MN DZ tend to be fully penetrated or even overshot, it's not always the case but it has more odds of happening, so holding my shorts on WK and D1 charts until I see some weakness.
Hope that makes sense!
Alfonso
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- Dec 1, 2014 5:07am Dec 1, 2014 5:07am
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Closed my Nikkei index long, WK/MN SZ holding, lot of rejection on the D1 up there and also on the WK, a bigger retracement could be under way. Nothing fresh lower to go long at until much lower at 15775. Some counter-trend shorts could happen if D1 D1 is taken out but beware, there is a WK flip zone and last month highs right below and WK 20 EMA. Doing nothing for now. I removed by buy stop breakout because of the rejection, it is normal to see overshots supply and fakeouts with these rejections on D1/WK candles
Full profit on this one since I closed half almost at the top first time and second half around the same area. Next one. Nikkei not for me now. I also closed my longs on EUR/JPY and GBP/JPY. Let's see what Nikkei wants to do this week. This trade was posted a few days ago with the explanation for the aggressive long on the D1 DZ.
Full profit on this one since I closed half almost at the top first time and second half around the same area. Next one. Nikkei not for me now. I also closed my longs on EUR/JPY and GBP/JPY. Let's see what Nikkei wants to do this week. This trade was posted a few days ago with the explanation for the aggressive long on the D1 DZ.
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- Dec 1, 2014 5:38am Dec 1, 2014 5:38am
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I was triggered short on AUS 200 Australian index. Price dropping like a rock with a lot of room to reach opposing non-fresh MN DZ and ranging on the monthly chart.
Price was over-extended on the left with lots of CPs, good for shorts since they are normally easily taken out.
It has hit my TP after a few days of continuous drop, a nice short with free fall to opposing D1 DZ based on the latest D1 CP SZ. Nice profit on this one! Next one now. Doing nothing on this one for now.
MONTHLY was ranging, MN supply zone in control which favoured the shorts
Price was over-extended on the left with lots of CPs, good for shorts since they are normally easily taken out.
It has hit my TP after a few days of continuous drop, a nice short with free fall to opposing D1 DZ based on the latest D1 CP SZ. Nice profit on this one! Next one now. Doing nothing on this one for now.
MONTHLY was ranging, MN supply zone in control which favoured the shorts
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- Dec 1, 2014 1:04pm Dec 1, 2014 1:04pm
hi alfonso
look at that i miss it for apips
nevr mine lets go on
have agood week
look at that i miss it for apips
nevr mine lets go on
have agood week
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- Dec 1, 2014 4:00pm Dec 1, 2014 4:00pm
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hi alfonso look at that i miss it for apips
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As I mentioned in previous posts I'm holding shorts on some aussie pairs, AUD/USD, AUD/NZD, AUD/SGD and AUD/CAD. Refer to previous posts to learn about others.
This one trade on D1 SZ shows the shorts I'm holding since the moment it was triggered, I capture screenshots of all my trades while they progress to keep log of them with notes and so on.
Aussie is clearly down, so shorts is the way to go. You will find explanations on the attached charts.
In a downtrend, demand zones are removed, new supply zones are created and respected.
Hope it's clear.
Alfonso
This one trade on D1 SZ shows the shorts I'm holding since the moment it was triggered, I capture screenshots of all my trades while they progress to keep log of them with notes and so on.
Aussie is clearly down, so shorts is the way to go. You will find explanations on the attached charts.
In a downtrend, demand zones are removed, new supply zones are created and respected.
Hope it's clear.
Alfonso
Set and Forget supply and demand trading community