Supply and demand in a nutshell by Alfonso Moreno | Page 315 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #6,281
  • Sep 30, 2015 10:15am Sep 30, 2015 10:15am
Quoting rio cyrano
{quote} Hi Bernhard, I think we can draw TL on CP, if we have 3 CP my friend. USING TRENDLINES AS DIRECTION AS WELL AS FILTERING OUT LEVELS IN A MECHANICAL WAY "After 3 or more consecutive CP patterns, we will draw a more aggressive trendline comprising all 3 CP patterns, price will be over-extended by that time and we don't want to take a trade after a strong rally/drop in price" thanks Rio {image}
yes i know about the 3 CP but I dont think those are 3
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  • #6,282
  • Oct 1, 2015 9:53am Oct 1, 2015 9:53am
Quoting Bernhard
{quote} yes i know about the 3 CP but I dont think those are 3
Those imalances were not 3 CPs, there were only 2 but bottom one was supply that was taken out by another imbalance, that new imbalance became demand because it took out supply.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #6,283
  • Oct 1, 2015 9:37pm Oct 1, 2015 9:37pm
Quoting panoramia
{quote} Those imalances were not 3 CPs, there were only 2 but bottom one was supply that was taken out by another imbalance, that new imbalance became demand because it took out supply. Cheers, Alfonso

Hi Alfonso,

I am still confused about trendlines, can you explain it with images about this one?especially points 1 and 3.

When is a supply or demand imbalance confirmed as a level?
A Trendline has been broken

 

  1. ​​When a Trendline is broken, the imbalance originally created that caused the break of the TL will be validated automatically as a valid zone even if an opposing level has not been removed
  2. This new level will be valid as long as 1 HTF zone is not hit and gains control. That is, if an ascending WK TL is broken and a bearish engulfing pattern is confirmed as supply (it broke the TL), it will be valid as long as a HTF MN demand zone or clear HTF are not hit
  3. A level created after a TL break is valid as long as it does not reach an opposing level and that opposing level takes control without being taken out.

​
thanks
Rio

from loser to be hero
  • #6,284
  • Oct 2, 2015 1:28am Oct 2, 2015 1:28am
Quoting rio cyrano
{quote} Hi Alfonso, I am still confused about trendlines, can you explain it with images about this one?especially points 1 and 3. When is a supply or demand imbalance confirmed as a level? A Trendline has been broken ​​When a Trendline is broken, the imbalance originally created that caused the break of the TL will be validated automatically as a valid zone even if an opposing level has not been removed This new level will be valid as long as 1 HTF zone is not hit and gains control. That is, if an ascending WK TL is broken and a bearish...
Hello Rio,

There are hundreds of examples throughout the thread that explain those rules, hundreds. Maybe others can help you with some latest examples of it. These are the core of the rules set. Take your time to go through the latest hundreds of posts.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #6,285
  • Oct 2, 2015 2:18am Oct 2, 2015 2:18am
USD/JPY tight D1 range.... What can we do? Just being patient and focus on something positive and enjoy your leisure time

Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #6,286
  • Oct 2, 2015 2:19am Oct 2, 2015 2:19am
D1 box range on NZD/USD, no close above/below previous highs/lows in the range. Supply sittting at WK SZ higher. Top of the range now for WoW short confirmation

Very similar to many other currency pairs... Waiting... Beginning of the month, last day of the week. Next week some high impact news for a few currency pairs, let's be patient.

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Set and Forget supply and demand trading community
  • #6,287
  • Oct 2, 2015 8:26am Oct 2, 2015 8:26am
Quoting panoramia
USD/JPY tight D1 range.... What can we do? Just being patient and focus on something positive and enjoy your leisure time {image}
Hey Alfonso. It's funny you just posted this example. I have been practicing over the last several days and many pairs are consolidating like this. It certainly makes things more challenging. In this case though you can just sell the highs and buy the lows, right? Or is it really better to just sit back as you don't know which way the market will break?
  • #6,288
  • Oct 2, 2015 1:29pm Oct 2, 2015 1:29pm
Quoting panoramia
D1 box range on NZD/USD, no close above/below previous highs/lows in the range. Supply sittting at WK SZ higher. Top of the range now for WoW short confirmation Very similar to many other currency pairs... Waiting... Beginning of the month, last day of the week. Next week some high impact news for a few currency pairs, let's be patient. {image}
what does mean WoW please? Is it abbreviation for something.
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  • #6,289
  • Oct 2, 2015 3:28pm Oct 2, 2015 3:28pm
Quoting Bernhard
{quote} what does mean WoW please? Is it abbreviation for something.
Bernhard,
I believe that the WOW trade is available in his private community. I think it still uses the same core set-up though.
  • #6,290
  • Oct 2, 2015 3:39pm Oct 2, 2015 3:39pm
I watched video from the first post. but I do not understand, why these two levels are not good for trading/ (Sorry for my bad english)
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Click to Enlarge Name: How to Draw Supply and Demand trading levels and Trendlines in a mechanical way.mp4_020446.409.jpg Size: 343 KB
  • #6,291
  • Oct 3, 2015 1:17am Oct 3, 2015 1:17am
anyone can solve my problem :|
we can draw the second trendline connecting 2nd valley to 3rd valley. after the broke of 3rd valley, is the 3rd demand zone is nolonger valid? as it is not nested in any HTF zone? as per rules said connecting trendline from the latest 2 obvious valleys/peak.
-and after the break of 3rd valley, price manage to form a 4th valley and we able to draw the 3rd trendline connecting 3rd valley and 4th valley. now, after the removal the 3rd valley demand zone, is the trendline connecting 3rd and 4th valley is valid? i mean, 3rd valley is terminated isnt it? or we ignore the 3rd valley and go connecting 2nd valley and 4th valley?
http://www.forexfactory.com/attachme...1&d=1443536869
  • #6,292
  • Oct 3, 2015 1:24am Oct 3, 2015 1:24am
Quoting Bernhard
{quote} what does mean WoW please? Is it abbreviation for something.
Quoting Stockguy
{quote} Bernhard, I believe that the WOW trade is available in his private community. I think it still uses the same core set-up though.
It's a new supply and demand setup which hasn't been covered yet in the free webinars, you require to understand many things before taking them, which is why it hasn't been covered, we're still having issues with detecting/drawing zones, adding more advanced setups is not a good idea for most.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #6,293
  • Oct 3, 2015 1:26am Oct 3, 2015 1:26am
Quoting conom589
I watched video from the first post. but I do not understand, why these two levels are not good for trading/ (Sorry for my bad english) {image}
Ascending TL is broken, so if it's broken demand is not valid unless it's nested within a bigger timeframe of demand, those are the core rules. Please, should watch or re-watch some of the latest webinars. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #6,294
  • Oct 3, 2015 1:27am Oct 3, 2015 1:27am
Quoting Stockguy
{quote} Hey Alfonso. It's funny you just posted this example. I have been practicing over the last several days and many pairs are consolidating like this. It certainly makes things more challenging. In this case though you can just sell the highs and buy the lows, right? Or is it really better to just sit back as you don't know which way the market will break?
Buy lows? No way, I just do nothing and wait for the break or a bigger timeframe to gain control. Nothing like that there.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #6,295
  • Oct 3, 2015 3:28am Oct 3, 2015 3:28am
Quoting panoramia
{quote} {quote} It's a new supply and demand setup which hasn't been covered yet in the free webinars, you require to understand many things before taking them, which is why it hasn't been covered, we're still having issues with detecting/drawing zones, adding more advanced setups is not a good idea for most. Cheers, Alfonso
now you make me curious
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  • #6,296
  • Oct 3, 2015 4:21pm Oct 3, 2015 4:21pm
Hi, Alfonso / How do you calculate wiggle room .. Why did you take for D1 charts 25 pips, not 30 or 20. Does Its size depends on volatility or currency pair or anything else?


PS Sorry for my bad english.
  • #6,297
  • Oct 4, 2015 1:38am Oct 4, 2015 1:38am
Quoting conom589
Hi, Alfonso / How do you calculate wiggle room .. Why did you take for D1 charts 25 pips, not 30 or 20. Does Its size depends on volatility or currency pair or anything else? PS Sorry for my bad english.
Calculated over months of tests, that's why those figures are there my friend. It's about 15-20% of the level's width more or less.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #6,298
  • Oct 4, 2015 4:53am Oct 4, 2015 4:53am
Quoting panoramia
{quote} {quote} It's a new supply and demand setup which hasn't been covered yet in the free webinars, you require to understand many things before taking them, which is why it hasn't been covered, we're still having issues with detecting/drawing zones, adding more advanced setups is not a good idea for most. Cheers, Alfonso
Its Sunday and I just stumbled about this video. W-pattern. is it about what you mean?
Inserted Video

Seems to be nice confirmation on SD.
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  • #6,299
  • Oct 4, 2015 12:26pm Oct 4, 2015 12:26pm
Quoting Bernhard
{quote} Its Sunday and I just stumbled about this video. W-pattern. is it about what you mean? https://www.youtube.com/watch?v=K2i9sLau8yI Seems to be nice confirmation on SD.
I like Alfonso strategy better. This person is marketing the website of the business. Did you see the price of the course 4,999. That is ridiculous. The amount 5,000 you can go two years in college. I think you should just watch Alfonso videos they are great examples and it does work. Just my opinion. Happy trading.
  • #6,300
  • Oct 4, 2015 1:18pm Oct 4, 2015 1:18pm
Quoting Techanalyst
{quote} I like Alfonso strategy better. This person is marketing the website of the business. Did you see the price of the course 4,999. That is ridiculous. The amount 5,000 you can go two years in college. I think you should just watch Alfonso videos they are great examples and it does work. Just my opinion. Happy trading.
I didn't looked into it, just saw the vid, but yes this is way toooo much.
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