Supply and demand in a nutshell by Alfonso Moreno

Quoting Stockguy

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{quote} Ok guys. Here is an example on a HTF. Marks are all on the chart. Is this what Alfonso is trying to teach us? Maybe I am just looking at part of the system or looking at it differently. {image} {image}

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Quoting Chawl

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{quote} Though I'm not an expert here, IMHO, your intuition seems to be gradually developing in the right direction Method is really as simple as joining the trend at a pull back and riding it as possible but you are indeed looking at a part of the system and I wouldn't explain your above charts with your exact words either. If you make a complete analysis on multiple time frames with all bells and whistles in place, you'll notice by yourself that you need to rephrase your explanations a bit. As a hint, there is nothing like 'near lows' or 'over...

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Quoting Stockguy

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{quote} Chawl, Thanks for your explanation. If I could talk to you about the last sentence a little more. The reason I phrased the zones as over there or "near" is because I was unsure as to which zones to be looking at. So you are saying that both locations can be valid? To me the further away ones are just from HTF's. But yet if you look at the chart this way there seems to be little need to use other time frames. I know that is not right either......I'm just not sure as to what to think here.

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Quoting ahmedalhosenyy

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Dear Alfonso Can we consider the blue dashed level is a valid weekly supply !!!!! Please look at the blue circle it contains lots of Cps {image}

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Quoting Bernhard

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Question to the rectangle reader. If old SD gets broken will it not removed automatically or do I need to remove manual. All remaining lines on lower TF make the template full. Is there a pdf?

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Quoting Chawl

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{quote} I tried to emphasize that it is problematic to categorize levels as near or far ones, sometimes you may need to consider a H4 level for example from 3 years before. In a way you've answered your own question by having doubts. You should indeed be aware of all levels around the current price from all considered time frames, think what 'curve' means. For example if you want to go short on H4 but you are low in daily curve, it means that you are very near to a valid daily demand which may exert a strong buying pressure so you don't want to...

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Quoting Stockguy

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{quote} Thanks Chawl. What you wrote here I understand 100%. I just need practice looking at it on charts now.

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Quoting panoramia

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{quote} That is a valid Weekly supply zone on CADJPY Ahmed. It caused the removal of an important demand zone. Only 4 candles at the base, the other 50% basing candles are above the continuation pattern of supply. Cheers, Alfonso

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Quoting panoramia

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{quote} Bernhardt, the rectangle reader only extends the rectangles that you draw with Metatrader's rectangle tool. It will not remove the zones. I could have created such a function but I wanted to see if a zone had been overshot and broken and then decide myself to remove it, otherwise when I looked at my charts I would see that some zones had been gone and I wouldn't know if they had been broken, and that's really important. Cheers, Alfonso

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Quoting Bernhard

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{quote} Thank you that explanes. My first "Alfonso"-trade is triggered. It is gold. h4 S is inside of D1. Hope its all correct. {image} {image}

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Quoting ahmedalhosenyy

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{quote} Many thanx Alfonso Here is my analysis for the CADJPY (W_D_4Hr) with couple of questions on chart Weekly is Down , Daily is Down , 4hr ranging but in the Down direction , i will wait with set and forget sell order @ the 1st daily supply zone 93.90 thanks in advance {image} {image} {image}

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Quoting panoramia

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{quote} That gold short is too aggressive now Bernhard. Why? Monthky demand zone in control in gold. Shorts happened higher because D1 supply had support of weekly supply, it was nested within it. Now that D1/H4 supply is not nested within any bigger timeframe supply and monthly demand again in control, low odds. Hope it works for you though. Cheers, Alfonso

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Quoting Stockguy

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Hey Alfonso. What do you think of this? My apologies about the crudeness of the charts. Tradestation oddly enough does not allow shapes to carry over from chart to chart. So I had to spend 30min creating all the charts over and over again. At first the three time frames confused me. Now I think I might be getting a hang of it. One more post will follow explaining what I mean. What do you think? Thanks {image} {image} {image}

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Quoting Stockguy

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I think I get the multiple time frames Alfonso. Now I understand why you said you can do this with two time frames as well, there is just less opportunities. The reason this is, is because price will bounce from level to level. The entry time frame (daily) will bounce between the weekly levels on its way to the monthly ones. The most secure levels are the nested ones within their HTF levels. So while the daily will go from monthly level to level, you are missing all the PA in the middle while it bounces from weekly levels. Right? {image}

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Quoting panoramia

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{quote} Your curve on the Monthly chart is correct. Your analysis makes sense. See where we are now on the 3 months chart. Trade Station doesn't have the 3/6 months feature. If you are only trading Forex, a Metatrader broker could help you with your analysis because you'd benefit from the rectangle indicator tools and intuitive tools that have been developped for metatrader. See my EUR/JPY 6 and 3 months analysis and see where we are now. Cheers, Alfonso

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Quoting panoramia

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{quote} Nested levels are indeed very powerful IF the trend is clear. Those are momentum and location type of trades, highest odds! Cheers, Alfonso

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