Supply and demand in a nutshell by Alfonso Moreno | Page 276 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #5,501
  • Apr 15, 2015 10:26am Apr 15, 2015 10:26am
Quoting panoramia
{quote} Anybody short on AUD/NZD? Price rallied into WK/D1 supply zone and dropping from there, as commented in a previous post last week. The post said AUD/JPY but it referred to AUD/NZD on the chart, sorry. Cheers, Alfonso {image}
yes I'm in
  • #5,502
  • Edited 7:49pm Apr 15, 2015 7:38pm | Edited 7:49pm
hello alfonso, i bought eu at last h4 demand, but here is one confusion with d1 demand and supply, look at the picture below, is that a valid supply? and we have 2 peaks so its a clear downtrend.

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  • #5,503
  • Apr 16, 2015 2:17am Apr 16, 2015 2:17am
Quoting Solomon1a
hello alfonso, i bought eu at last h4 demand, but here is one confusion with d1 demand and supply, look at the picture below, is that a valid supply? and we have 2 peaks so its a clear downtrend. {image}
Valid D1 SZ is higher, you didn't draw it. D1 demand zone in control. You took a H4 long with in clear bigger picture downtrend, remember, don't expect a super big trade (it could happen to become a big trade, but it's not what happens in these scenarios)

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #5,504
  • Apr 16, 2015 2:20am Apr 16, 2015 2:20am
USD/CAD finally broke lower and removed weak WK demand zone. Weekly out of alignment and D1 in a downtrend.

Potential D1 supply imbalance to short.

Weekly 20 EMA now in control, price normally reacts to it when hit the first time after a long time.

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Set and Forget supply and demand trading community
  • #5,505
  • Apr 16, 2015 9:25am Apr 16, 2015 9:25am
Quoting panoramia
USD/CAD finally broke lower and removed weak WK demand zone. Weekly out of alignment and D1 in a downtrend. Potential D1 supply imbalance to short. Weekly 20 EMA now in control, price normally reacts to it when hit the first time after a long time. {image}
Alfonso, Thanks for USD/CAD post.
I am learning every rules on this thread. When you say Weekly 20 EMA now in control, price normally reacts to it when hit the first time after a long time.
How is the reaction going to be? example maybe.
Simple is powerful all the time.
  • #5,506
  • Apr 16, 2015 11:11am Apr 16, 2015 11:11am
USDCAD - There are 2 entries H4 and D1. I am not sure which one to take.
The H4 had a strong departure which is very attractive. However, some are proposing Daily TF
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  • #5,507
  • Apr 16, 2015 11:29am Apr 16, 2015 11:29am
AUDNZD, the entry should be daily TF, i guess.
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  • #5,508
  • Apr 16, 2015 11:30am Apr 16, 2015 11:30am
Another possible trade for NZDUSD. Hopes if someone can comment.

Can I short on the Weekly zone indicated?

Mn + Wk Trend all down
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  • #5,509
  • Apr 16, 2015 11:32am Apr 16, 2015 11:32am
Quoting yyc196
Another possible trade for NZDUSD. Hopes if someone can comment. Can I short on the Weekly zone indicated? Mn + Wk Trend all down {image}
I am waiting for this level as well. Really hope price gets there quickly without basing before it....
  • #5,510
  • Apr 18, 2015 4:46pm Apr 18, 2015 4:46pm
Quoting yyc196
USDCAD - There are 2 entries H4 and D1. I am not sure which one to take. The H4 had a strong departure which is very attractive. However, some are proposing Daily TF {image}
Not sure which trade to take on USD/CAD? D1 or H4? That will depend on your entry timeframe. If your trading plan states the D1 should be your entry timeframe, then that should be your entry timeframe, else H4. If your entry timeframe is H4 but level does not look good on H4 but it looks great on D1, then you'd need to wait for confirmation on H4 or take the whole Daily level. But like I said, you need to have that on your trading plan, so you always do the same thing.

Hope it makes sense.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #5,511
  • Apr 18, 2015 4:52pm Apr 18, 2015 4:52pm
Quoting yyc196
AUDNZD, the entry should be daily TF, i guess. {image}
AUD/NZD Daily descending trendline needs to be updated, you have not included latests 2 peaks, it could be broken if price continues to rally. If so, shorts would be allowed only on fresh WK SZ, since Weekly and Monthly are down.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #5,512
  • Apr 18, 2015 4:53pm Apr 18, 2015 4:53pm
Quoting PacnyTuH0
{quote} I am waiting for this level as well. Really hope price gets there quickly without basing before it....
If Weekly descending TL is not broken, we are allowed to short at Weekly supply, else we need to wait for a Monthly supply zone to short.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #5,513
  • Apr 19, 2015 5:56am Apr 19, 2015 5:56am
Dear Alfonso,
I'm truly grateful that people like you do exist. May God bless your soul and I'm looking forward to your next free webinar, my first with you and surely not last.
Regards
  • #5,514
  • Apr 19, 2015 7:51am Apr 19, 2015 7:51am
Where can i get rectangle reader ? I've downloaded it from this thread, but seems it not working right. I can't see dots in middle of candle..
  • #5,515
  • Apr 19, 2015 9:20am Apr 19, 2015 9:20am
hello all and alfonso,

I shorted audusd, monthly , weekly, down and now we are in daily fresh supply zone, which is nested with weekly supply zone.

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  • #5,516
  • Apr 19, 2015 9:51am Apr 19, 2015 9:51am
Quoting panoramia
{quote} Not sure which trade to take on USD/CAD? D1 or H4? That will depend on your entry timeframe. If your trading plan states the D1 should be your entry timeframe, then that should be your entry timeframe, else H4. If your entry timeframe is H4 but level does not look good on H4 but it looks great on D1, then you'd need to wait for confirmation on H4 or take the whole Daily level. But like I said, you need to have that on your trading plan, so you always do the same thing. Hope it makes sense. Cheers, Alfonso

Thks Alfonso for your explanation, always so details

Regards
  • #5,517
  • Apr 19, 2015 9:56am Apr 19, 2015 9:56am
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Hi All,

EJ - Mn TL borken
Weekly dn trend
Daily Double Top
There are a few opportunities for entry on H4

Personally i favour the 2 zone entry. Any comments?

Regards
  • #5,518
  • Apr 19, 2015 9:58am Apr 19, 2015 9:58am
GJ

Monthly in UP trend
Weekly in no direction and a double bottom
Daily - had a potential H&S setup , waiting for the necling to cross and then enter .

Any comments?
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  • #5,519
  • Apr 19, 2015 10:00am Apr 19, 2015 10:00am
GBPUSD - Look to short on daily TF

In total, i have 3 pairs to start up for the Week !!!
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  • #5,520
  • Apr 19, 2015 12:52pm Apr 19, 2015 12:52pm
I'm thinking right ? H4 broken descending trendline and starts uptrend. Daily looks like consolidation ? And weekly cleat strong downtrend. On this attached picture there is only one valid level on Weekly 1.1274 ?

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