Supply and demand in a nutshell by Alfonso Moreno | Page 284 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #5,661
  • Jun 3, 2015 4:34am Jun 3, 2015 4:34am
Quoting digitalko
Hi Alfonso, I am really trying hard to apply the rules and I can see that TLs are not that easy to draw correctly at least for me at this moment. I redrawn both charts so please give me comment if I am right this time. I do no want to bother rather showing bad and good examples, the complex view on how to do it right in different scenarios and I am picking at least for me the tricky ones. {image} {image}

These are the last valid trendlines following the rules, you missed some nuances there, lower lows makes new peaks so new TL is possible.
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On the other chart, 4 of your trendlines were wrong, we don't use CPs to connect trendlines unless there is over-extension with 3 or more CPs, you are not being exact or paying enough attention to new valleys and peaks, and/or CPs. You can do better I am sure, but you need to focus and read candlesticks price action.

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Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #5,662
  • Jun 3, 2015 4:47am Jun 3, 2015 4:47am
Trading scenarios change almost every week, why shouldn't we change with them? This is the main idea behind what I've been doing this week since I'm lord commander of the 7 seas Why not changing my daily routine?

Why not changing the environment where I backtest? Could I do it? Yes, I could. I backtest every week, it's part of my weekly routine. I did some sessions on the beach for some time (I'm lucky to live in a city with beach by the Mediterranean sea) but it was a bit uncomfortable, also at the lobbies of some nice hotels by the beach as well. It's good to change the place where you do things, mainly because working from home can be a problem, you may spend more time than necessary because you feel very well at your place, you can also end up eating too much But at home you don't see anybody, just watching others walk around, people coming in and out of a hotel or on the beach, nice girls walking around the beach and that sort of stuff, that cheers you up it cheers up men at least

I did change the backtesting scenario. I'm running some new tests on higher timeframe zones... and I wanted a change... So since I recently have passed my sailing exam and I have access to a sailing boat (from a club, not mine obviously, I don't want one either), why not changing my testing scenario/environment to a sailing boat? Why not testing and/or trading while sailing?

That's exactly what I've been doing for the last couple with with my good friend which some of Set and Forget's members met in the last London meetup, we've created a different testing environment, not home, a venue or a hotel, but a sailing boat It sounds crazy but we love it, since I'm now admiral of the 7 seas, we just set off and sail to a nice spot with calmed waters so we can anchor the sailing boat, have a sane bio lunch. We've also tried to fish (we missed two big fishes, they broke the fishing line twice.

This change of scenario has given me great results and new ideas, I'm spotting some new patterns and testing new ones as potential trade setups to be added to my trading plan, exclusively based on supply and demand as always. It also helps me to disconnect, see things in a different way, and obviously enjoy some good moments that only trading can give us, free time to do what we want and wherever we want. As long as I have 3G connection I can trade (testing does not need internet connection), I've measured how much bandwidth my 3G consumes when connection to my trading server with NetLimiter, I switch MN/WK and D1 charts, places orders, moved around, it's just 30 megabytes a session, so it's nothing, I can perfectly trade and manage my orders from my mobile/tablet while sailing or anywhere in the world with a cheap 3G sim card.

We are what we think! If we think we can do something, focus and work in that direction over time, the whole universe will conspire to help you achieve it, but you need to work hard and believe in what you do, else the universe will go and help someone else, it will not knock on your door if you don't move.

I had an idea after this. In our London meetup, we joked about an Ibiza meetup? Why not? First live trading sailing sessions ever maybe?

Ibiza is a small island on the Balearic archipelago, east of Spain. Caribbean sea and beaches? You haven't seen those my friend!

I wanted to share this experience with you and share with you some photos we took this week, some friends joined us at the end of the day. Most of you don't know who I am or how I look like, you will see me on the photos.

Have a great Wednesday!
Cheers,
Alfonso

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Set and Forget supply and demand trading community
  • #5,663
  • Jun 3, 2015 6:02am Jun 3, 2015 6:02am
You are the man Alfonso.
Wish you lots of sun and still waters.
  • #5,664
  • Jun 3, 2015 6:37am Jun 3, 2015 6:37am
Quoting panoramia
Trading scenarios change almost every week, why shouldn't we change with them? This is the main idea behind what I've been doing this week since I'm lord commander of the 7 seas Why not changing my daily routine? Why not changing the environment where I backtest? Could I do it? Yes, I could. I backtest every week, it's part of my weekly routine. I did some sessions on the beach for some time (I'm lucky to live in a city with beach by the Mediterranean sea) but it was a bit uncomfortable, also at the lobbies of some nice hotels by the beach as well....
I'm really jealous of you that I've already a captain licence and a boat for years but not enough time and money to launch it for the last couple of summers, grrr..

Joking aside, I look forward to be in a similar setup ASAP if this S&D thingy works for me he he

Have a nice trip and hold the sheet tight
Trade what you see..
  • #5,665
  • Jun 3, 2015 8:16am Jun 3, 2015 8:16am
Hi,
Another example in AUDCAD Monthly chart.
2 TLs durring Monthly consolidation.
Are two peaks obvious enough for drawing descending TL or we should consider it as one peak. If so, then it is not possible to draw descending TL?
No matter if we draw or not draw descending TL there is no direction and the last Monthly supply is in control. We need to wait until the price removes last drawn demand or bounces off the fresh monthly supply in control.
Am I correct?
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  • #5,666
  • Jun 3, 2015 10:18am Jun 3, 2015 10:18am
Quoting panoramia
Trading scenarios change almost every week, why shouldn't we change with them? This is the main idea behind what I've been doing this week since I'm lord commander of the 7 seas Why not changing my daily routine? Why not changing the environment where I backtest? Could I do it? Yes, I could. I backtest every week, it's part of my weekly routine. I did some sessions on the beach for some time (I'm lucky to live in a city with beach by the Mediterranean sea) but it was a bit uncomfortable, also at the lobbies of some nice hotels by the beach as well....
Hi Alfonso and greetings
Nice pictures you got over here Planning to get there too but if i can make sure i could make a 'perfect' system for do a living by forex. So far, i didn't find it yet and lot of walls and bricks ahead of me again and again. This time, i want to make sure i get rid all over it by learn from the best. I have read your 'lessons' few times on the very first page and actually i know you had wrote everything inside your mind to taught another trader in the thread, however, to be honest im not really good in read everything without a pure direction from the trader itself. Im using forex tester now to refine the supply and demand strategy as best as i can. May you take a glance to correct wether me wrong sir.....

http://prntscr.com/7co49x ----> Weekly and Daily Supply and demand levels with description (Weekly View)
http://prntscr.com/7co59a ----> Weekly and Daily Supply and demand levels with description (Daily View)

1. am i doing these right sir?
2. Is there any S/D zone i forgot to draw? (Im sure it is and few of them missed but i dont know which one)

Your commend is highly appreciated! Thank you very much
  • #5,667
  • Jun 3, 2015 10:54am Jun 3, 2015 10:54am
Quoting Sants
{quote} Hi Alfonso and greetings Nice pictures you got over here Planning to get there too but if i can make sure i could make a 'perfect' system for do a living by forex. So far, i didn't find it yet and lot of walls and bricks ahead of me again and again. This time, i want to make sure i get rid all over it by learn from the best. I have read your 'lessons' few times on the very first page and actually i know you had wrote everything inside your mind to taught another trader in the thread, however, to be honest im not really good in read everything...
IMHO, your charts mean nothing at best or have at least nothing to do with Alfonso's method. I'd strongly advice you to watch the videos on his channel: https://www.youtube.com/user/supplya...ndforex/videos
Trade what you see..
  • #5,668
  • Edited 5:21am Jun 4, 2015 4:29am | Edited 5:21am
Quoting Sants
{quote} Hi Alfonso and greetings Nice pictures you got over here Planning to get there too but if i can make sure i could make a 'perfect' system for do a living by forex. So far, i didn't find it yet and lot of walls and bricks ahead of me again and again. This time, i want to make sure i get rid all over it by learn from the best. I have read your 'lessons' few times on the very first page and actually i know you had wrote everything inside your mind to taught another trader in the thread, however, to be honest im not really good in read everything...
Thanks a lot for your charts my friend. If you believe in what you are doing, be it supply or demand or any other strategy or thing in your life, you can make it, but you need to work very hard.

I've taken a look at the 2 charts you attached, I don't fully agree with a comment Chawl wrote about not using the method in post #1. The problem is that you are uploading Monthly charts and displaying Daily and Weekly zones, D1 zones and displaying WK and MN zones... that's a complete mess I just can't help you there.

You have drawn the MN zones on the MN chart, WK zones on the WK chart and then you can add notes on top for lower timeframes zones, otherwise it's just a mess, you will force me and others to try and interpret the way you do it.

Please do this, it's not only better for any of us to help you, but also for helping yourself. See an example below and you will know what I mean, you can see each zone on its timeframe, don't try to test with just one window/chart

Cheers,
Alfonso

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Set and Forget supply and demand trading community
  • #5,669
  • Jun 4, 2015 6:05am Jun 4, 2015 6:05am
Hello fellow trader,

I'm really excited about something unexpected that happened to me this week, it may seem unrelated to trading, but it really is. I just couldn't believe that it was happening to me, I was a bit shocked when I learnt about this, and I wanted to share it with you.

Why have I called this post like this? Trading, pursuing passions and the universe conspiracy, What trading and the universe have to do with our passions? Well, it actually it has to do everything with it in my humble opinion.

I've always done what i love doing, I've always followed my passions. I made almost all of my passions my job and worked 25 hours a day to accomplish what I wanted. I've been a salsa teacher and dancer, an outdoor activities coacher, a photographer... Passions are critically important to happiness, in fact one of the greatest supports to a person's happiness - whether for a musician, a video games programmer or a librarian, you have to feel passion for what you do. There are no passions better than others, what may be a passion to you may mean nothing to someone else... it all has to do with your belief, because this will affect the outcome of whatever you do in life.

Pursuing one's passions will give us a reason to keep learning and working towards mastery. Passions will give you purpose and commitment, something to dream of and fight for. It often has satisfying physical aspects, like rock climbing, canyoning, fishing... other times it gives a meaningful structure to your valuable time, it makes your world a richer place. When you are in pain or feeling blue, passions can be a refuge, a distraction, a solace.

More often than not, we will struggle to identify and pursue our passions - our real passions, note the ones we wish we had - and also to acknowledge when we don't share a passion.

A passion doesn't just bring happiness to the person who enjoys that passion, it also brings an indirect pleasure to onlookers

I've been pursuing my passion on photography for a long time, I was travelling around Spain for a few years shooting virtual tour 360º panoramas for rural accommodations, natural parks, and charming hotels. I loved it because it allowed me to pursue two of my top passions, travelling in the nature and photography. This is the reason why my nickname on Forex Factory thread was "panoramia", because my photography business had that name (related to panorama photography), you can check the photos I took at www.panoramia.net. I still do this as a job if old/new clients call me, I've done it for free many times since I started trading because I saw the guy who called me was just starting and he needed support, and lately what I've done is exchanging my photography services for accommodation and food, a win/win situation for both, a "quid pro quo"

Last September 2014 I shot my first timelapse photography, a series of photos shot every X seconds that will create a small 10-20 seconds video showing you things that you will not be able to see with your own eyes. I soon got addicted to it, why? I could now take photographies and enjoy the moment even more, now if I want to shoot a photo of a sunset, I will sit there and wait for 1-2 hours, watch the sun bring those awesome colors and just enjoy the moment without moving around trying to shoot different photos from different angles, I was missing THE moment. I learnt to love nature and photography even more than I used to do when I didn't shoot timelapse. I've been shooting mostly timelapses ever since, almost 200 in half a year while travelling from one place to another.

A few months ago I decided to upload a bunch of the timelapses to one professional photo stock web site, and see if anybody would buy themd. I uploaded just 5 so there were not too many possibilities for any sale. Ooops, I was wrong, a couple of them were sold, one of them 4 times. They were uploaded in HD quality, not ultra HD or 4K, so my earnings were small but it's not about the amount of money, it's the fact that I made my first $100 pursuing my passion and dream (see sales screenshot in this link, so happy), that's the direct result of working hard on something you love, you live and fight for, something that makes you tremendously happy.

Trading has allowed me to achieve this, to pursue my passions and dreams, helping others has helped me a lot, more as I said before, trading and helping others is also a passion I pursue, which indirectly and directly help me to reach my goals and follow my dreams, it also brings indirect pleasure to others.

I will be travelling to Thailand on holidays for the whole month of August, will take my camera and tripod with me and will capture what I see in timelapse mode, and who knows what can happen after that. I will be doing a few things I love, travelling, adventure sports, photography and trading and helping others while I pursue my passions. Small things make a big difference, we just have to look inside and learn what our real passions are, not easy at all, you will probably confuse real passions with things you like for you wouldn't die/fight for even if you were bankrupt and your life was at risk, there is a thin line that makes a big difference. If anybody is in Thailand at that time, I will be glad to have a drink or dinner with you

Wish you all the best and looking forward to seeing your passions and dreams become true. You are the only one that can make it happen, nobody else.

Follow your passions, use trading as a means to pursue them, but don't get obsessed with your trading results, it will take time. You have to fill in your leisure time with passions you really enjoy and disconnect from the charts as much as possible, setting and forgetting your trades.

Most people won't get what they want not because they can't, but because they don't know what they want. And that's an important problem, but you know what? Once you accept you've got a problem, there is no problem to worry about, you just need to find a solution.

There are the 2 timelapses that were sold
I now have a big task ahead, converting all my timelapses to 4K quality, and who knows? It could become a nice extra monthly income if I keep doing it consistently.

1. An ancient Cathedral in Zaragoza, the North of Spain (taken last December)

https://vimeo.com/113649294

2. Teide National Park on Tenerife island, transition day to night

https://vimeo.com/112996448

​Have a great day!!!!
All the best,
Alfonso

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Set and Forget supply and demand trading community
  • #5,670
  • Edited 11:27am Jun 4, 2015 11:10am | Edited 11:27am
Quoting panoramia
{quote} Thanks a lot for your charts my friend. If you believe in what you are doing, be it supply or demand or any other strategy or thing in your life, you can make it, but you need to work very hard. I've taken a look at the 2 charts you attached, I don't fully agree with a comment Chawl wrote about not using the method in post #1. The problem is that you are uploading Monthly charts and displaying Daily and Weekly zones, D1 zones and displaying WK and MN zones... that's a complete mess I just can't help you there. You have drawn the...
mmmm.......My apology, actually i dont get it when you said the 'you are uploading Monthly charts and displaying Daily and Weekly zones, D1 zones and displaying WK and MN zones' I uploaded both thedaily and weekly chart with weekly levels and daily levels.......And i double checked both the screenshot and the chart on forex tester and they're on both weekly view and daily view.........

The reason i put the note along within weekly and daily zones both on the same chart with 2 different view (weekly and daily view) is for easier correction, anyway my bad so so sorry sir

I have watched your very first video about using forex tester and you got rectanglereader indicator in the format of .dll, may you share it to me to help me a lot in testing sir?
  • #5,671
  • Jun 4, 2015 3:23pm Jun 4, 2015 3:23pm
Hi Alfonso! I'm confused if we must remove our set and forget orders when HTF opposing CP zone is touched? Here is an example. We want to buy H4 demand zone but D1 CP supply zone has been touched. Thanks in advance!
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  • #5,672
  • Jun 5, 2015 5:16am Jun 5, 2015 5:16am
Hey all

This is my view on Gold and more

You can see more trades I add at my Thread :

http://www.forexfactory.com/showthre...78693&page=345
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  • #5,673
  • Jun 5, 2015 5:36am Jun 5, 2015 5:36am
Nitsan,

I've watched your trade recommendations for many many months.

Your methodology is what defines you, at best, as a mediocre trader or if you prefer as a very average trader.

Posting on other peoples threads to get some attention is a very bad idea and, in my opinion, somewhat offensive.

My advice to you is that you should focus more on improving your methodology before trying to sell your courses to the trading community at FF or in general.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #5,674
  • Jun 5, 2015 5:41am Jun 5, 2015 5:41am
Quoting jackeollio
Nitsan, I've watched your trade recommendations for many many months. Your methodology is what defines you, at best, as a mediocre trader or if you prefer as a very average trader. Posting on other peoples threads to get some attention is a very bad idea and, in my opinion, somewhat offensive. My advice to you is that you should focus more on improving your methodology before trying to sell your courses to the trading community at FF or in general. Cheers.
Look at the close position of last 3 days I add to my thread yestrday
This report is from small account I mange for some project with someone
More then 50 good positions in a day.
Can you show something better then this man? show yours...
I add also in the past to my thread reports of account grow from 85$ to 14000$ from 2009
I also add close position from my big account (more then 20K profit for one trade..If this average so...) ...can you show something like this???
I guess you cant...

"Posting on other peoples threads to get some attention is a very bad idea and, in my opinion, somewhat offensive."
I want to help...but maybe you right and it was bad Idea..

GL HF man
  • #5,675
  • Jun 5, 2015 5:46am Jun 5, 2015 5:46am
Quoting Nitsan_Levi
{quote} Look at the close position of last 3 days I add to my thread yestrday This report is from small account I mange for some project with someone Can you show something better then this man? show yours... I add also in the past to my thread reports of account grow from 85$ to 14000$ from 2009 I also add close position from my big account...can you show something like this??? I guess you cant... "Posting on other peoples threads to get some attention is a very bad idea and, in my opinion, somewhat offensive." I want to help...but maybe you right...
My main point is that you should not be posting on other people's thread(s).

That's called basic respect for other people's hard work.

I believe Alphonso and others at FF deserve a little more respect from you for the hard work and dedication they have demonstrated to the traders at FF.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #5,676
  • Jun 5, 2015 5:49am Jun 5, 2015 5:49am
Quoting jackeollio
{quote} My main point, is that you should not be posting on other peoples thread. That's called basic respect for other peoples hard work. I believe Alphonso and others at FF deserve a little more respect from you for the hard work and dedication they have demonstrated to the traders at FF.
Sorry if it hurt or did not respect you guys, that was not my intention.
I will not do it any more
I wanted to help and increase the community.. sorry man..

Good Day
  • #5,677
  • Jun 5, 2015 6:00am Jun 5, 2015 6:00am
Quoting Nitsan_Levi
{quote} Sorry if it hurt or did not respect you guys, that was not my intention. I will not do it any more I wanted to help and increase the community.. sorry man.. Good Day
I submitted three clean-up reports about you and I'm sorry too.
Trade what you see..
  • #5,678
  • Jun 5, 2015 6:38am Jun 5, 2015 6:38am
Quoting Sants
{quote} mmmm.......My apology, actually i dont get it when you said the 'you are uploading Monthly charts and displaying Daily and Weekly zones, D1 zones and displaying WK and MN zones' I uploaded both thedaily and weekly chart with weekly levels and daily levels.......And i double checked both the screenshot and the chart on forex tester and they're on both weekly view and daily view......... The reason i put the note along within weekly and daily zones both on the same chart with 2 different view (weekly and daily view) is for easier correction,...
The rectangle reader indicator for forex tester has been created by a member of the Set and Forget community for members of the community alone, it's a basic version that extends rectangles and allows to see zones all all timeframes. Testing can be done without it, it helps but I did all my tests at the beginning without it believe me.

By using 3 charts side by side and then posting the charts with zones for each TF alone will help a lot!
Cheers,
Alfonsso
Set and Forget supply and demand trading community
  • #5,679
  • Jun 5, 2015 6:40am Jun 5, 2015 6:40am
Quoting John.
Hi Alfonso! I'm confused if we must remove our set and forget orders when HTF opposing CP zone is touched? Here is an example. We want to buy H4 demand zone but D1 CP supply zone has been touched. Thanks in advance! {image} {image}
An zone is never removed until it's overshot and it's no longer valid. You have to keep the valid ones to see which ones are in control and when they will stop being in control, that is, when they are taken out, since they will many times act as flip zones, previous supply becoming demand with CPs created at those flip zones.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #5,680
  • Jun 5, 2015 6:44am Jun 5, 2015 6:44am
Quoting jackeollio
{quote} My main point is that you should not be posting on other people's thread(s). That's called basic respect for other people's hard work. I believe Alphonso and others at FF deserve a little more respect from you for the hard work and dedication they have demonstrated to the traders at FF.
Thanks for interevening and telling Nitsan that he shouldn't have posted links to his thread in this community. I never would do that in another trader's thread, in fact, I believe I posted only on a couple of other threads in my life.

Thanks again for your support! All the best!
Have a great Friday and weekend

Cheers,
Alfonso
Set and Forget supply and demand trading community
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