Supply and demand in a nutshell by Alfonso Moreno

Quoting ideal77

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nice setup on the nzd/usd 4hr chart.. this is before market open I don't like weekend gaps price could have traded rite thru this level by now.. but if not looks legit {image}

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Quoting sympathy

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{quote} Hello rohule, am gona show you how we do our topdown analysis as far as supply and demand is concern ok. We have rules in the first page you must follow and those rules are the key to supply and demand strategy. please take your time and read them by heart. First of all we start from the higher time frames such as monthly, weekly and daily for us to know the right direction of price. From the UCAD chart you posted, MN is UP, W1 and D1 is also UP so the general trend is UP but price is already reacting to MN supply level. According...

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Quoting JoeMcCool

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{quote} i'm holding a buy on eur/nzd since friday, a bit too late but in profit at the moment. And also a sell in AUD/USD, you mentioned it. just in demo demo account for me now but we will see how they work. i dont think weekend gaps are that bad especially if taking swing trades meanig H4 or higher, sometimes thay gap right into SD zones thats just my impression. I'm quite sure Alfonso keeps trades over weekend and other people are eagerly interested in trading mondays open, right? greets joe

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Quoting sympathy

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CADCHF... MN is clearly down W1 is down creacted a supply level after removing all time lows. Bias is SHORTS. Triggered on a dairly nested level withing a weekly supply level. Shorts all the way. {image}

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Quoting Chawl

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{quote} AFAICS, weekly did not consolidate away yet, I'm cautious.

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Quoting sympathy

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{quote} Ok {image}

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Quoting sympathy

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EG....MN descending trendline broken and the level that breaks the trendline held price, MN demand level in control... Bullish consolidation. W1 creacted a demand level after removing a weeekly supply by the left... Weekly is up. Triggered LONG on daily demand level that removes a valid supply level by the left. Bias is aggressive LONGS. {image}

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Quoting sympathy

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Alfonso please i need you to help me out in this trade, Its a little bit confusing but i had to take it because it is valid by the rules. EN...MN/W1 is in bullish consolidation. I took the trade from a valid daily demand level creacted after removing a supply level confluensing with a weekly flipzone. Daily creacted a non valid supply zone that breaks an ascending trendline wide and not 2:1. My question is, is this a valid longer term setup? {image}

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Quoting panoramia

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{quote} I am on the same one, will manage SL aggressively. Cheers, Alfonso

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Quoting yaki

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Hi there, I downloaded the RectrangleReader indicator , but it not shown candles basis point Can anyone help?

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