{quote} I've found this last webinar enlightening like no other as it has cleaned many bits and bobs which usually confuse intermediates like me, it indeed was a direct hit.Thank you very much!
Supply and demand in a nutshell by Alfonso Moreno
- #5,746
- Edited 8:23am Jun 24, 2015 8:01am | Edited 8:23am
{quote} Hi, You are right I overlooked 3CPs The daily demand zone is in between of D and W EMA what adds confluence, and it is right at the flipzone as well. As you can see on my chart the D zone is not very clear, created by hammer. I would wait for 4H confirmation to the upside. Next chart is USDSGD 4H This one is the case when two opposing TLs can be drawn descending TL was not broken yet and in my opinion is valid, unless it is negated by ascending TL which occurred later in time and is connecting 3 drawn CPs Is the trend UP or DOWN? In my opinion...
Trade what you see..
{quote} Exactly as you explained. We are in 4H up trend even the previous descending TL is not broken.Do we invalidate the previous TL as new trend occurs as in this scenario or not?Alfonso please make it clear for us.Thank you in advance.
Trade what you see..
- #5,752
- Edited 8:36pm Jun 24, 2015 7:54pm | Edited 8:36pm
Hi All, Saw this setup and felt that it is quite nice, the weekly removed Dz and now daily mkt is returning back to test the zones as shown by the blue and yellow lines. Yellow line should be higher odds, i guess. {image} {image}
I want to make another point here. Although monthly has an illusion of downtrend as we can connect two peaks with a descending TL and an opposing demand was eliminated, price still didn't close under breached DZ and didn't consolidate away the monthly ascending TL but just sits on it, so I think monthly is still up, at best in a consolidation, so shorts might be CT now, I hope Alfonso might clear this. What's more, 'fat fingers' who will be acting upon monthly bar close 5 days later may very well shake the lower time frames, especially during the times when price is dancing on the edges like now.
And a note to community, I hope I haven't annoyed you people by commenting too much in the absence of Alfonso but I think community discussions are also quite beneficial for learning and arouse new questions for Alfonso to clear, so I take the risk
Trade what you see..
- #5,753
- Jun 25, 2015 1:04am Jun 25, 2015 1:04am
{quote} As daily descending TL was broken, I think blue trade will be very risky though it sports an original and fresh daily SZ, so I'm with you that yellow will be a higher probability/lower risk trade as it is nested in a weekly supply BUT if price climbs quick enough without breaking the weekly descending TL, otherwise we should rely on a monthly SZ. I want to make another point here. Although monthly has an illusion of downtrend as we can connect two peaks with a descending TL and an opposing demand was eliminated, price still didn't close...
Thank you so much for the deep analysis, love to see this kind of comments. Alfonso and some of you have make the discussion here so interactive and interesting. As market is dynamic it is good to see different people with different angle of perspective
{quote} Hi Chawl, Thank you so much for the deep analysis, love to see this kind of comments. Alfonso and some of you have make the discussion here so interactive and interesting. As market is dynamic it is good to see different people with different angle of perspective
I wish Alfonso could comment here soon too.
Trade what you see..
- #5,756
- Jun 26, 2015 3:59am Jun 26, 2015 3:59am
- | Commercial User | Joined Aug 2011 | 3,559 Posts
{quote} I've found this last webinar enlightening like no other as it has cleaned many bits and bobs which usually confuse intermediates like me, it indeed was a direct hit.
Have a great weekend
Alfonso
Set and Forget supply and demand trading community
- #5,757
- Jun 26, 2015 4:00am Jun 26, 2015 4:00am
- | Commercial User | Joined Aug 2011 | 3,559 Posts
Set and Forget supply and demand trading community
- #5,758
- Jun 26, 2015 4:01am Jun 26, 2015 4:01am
- | Commercial User | Joined Aug 2011 | 3,559 Posts
Set and Forget supply and demand trading community
