Supply and demand in a nutshell by Alfonso Moreno

Quoting panoramia

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{quote} No, there are not 3 CPs of demand on EURUSD, the lower one is a VERY clear valley my friend. You should read the topics on valleys and CPs, those are the basic concepts. Alfonso

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Quoting John.

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Hello Alfonso, I want to ask you about marking the charts. I mean that in our everyday analyses we find potential zones we want to trade based on confirmation or we find areas where potential good sd zone is forming. How do you mark such places which will allow you to pay attention to it without re-analyzing the chart? Do you mark them on the chart in some way or have any kind of excel table or something else? I mean that what help you to remember all potential zones/areas to check because it's almost impossible to remember everything? An example...

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Quoting Agafon79

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Hello Alfonso and everybody! I Have 2 Loses today. USDCAD and USDJPY. For me its very important is those loses according the rules (it happend i know it) or I did somth wrong. Thank's Agafon. {image} {image}

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Quoting panoramia

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{quote} Hey John, Top down analysis is down, I know if monthly, weekly and daily are up or down, so I know what I have to do. That analysis doesn't change overnight, I don't need to take a look at the weekly and monthly charts every day, just at the Daily chart (my entry timeframe). The rectangle reader indicator tells me where the opposing imbalances are located on Weekly and Monthly charts, and I know the highest odds direction. I don't need to remember all that. Once you've done that hundreds of times you will remember it, I remember how all...

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Quoting John.

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{quote} Thank you, my friend! But I can not agree with you about AUDUSD D1 trend, I'm sorry Yes, I see that one D1 CP SZ was removed below but that zone was not tradable (because it had not 2:1... yes it was valid, but not tradable). And as I asked you earlier in June (post 1, post 2 and your answer) you agreed that...

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Quoting panoramia

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{quote} One D1 supply zone has been removed lower my friend, much lower. D1 TL broken, out of alignment, D1 is up now, no shorts allowed unless it's a bigger timeframe supply zone. There is nothing else to add to that, not tradable and not valid, no trade! Cheers, Alfonso

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Quoting John.

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{quote} Are we talking about the same chart? There was only one CP lower but it was not 2:1 as I've said before. Only 2 Cps in a row = no aggressive TL, so the trendline was still valid and not broken. {image} The only way to understand you is to imagine that I was wrong with that lower CP identification and it was something like this: {image} Hope you will clear this situation.

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Quoting panoramia

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{quote} A non 2:1 zone that takes out an opposing zone is a non tradable zone but a zone. It was taken out. The supply zone I'm taking about is not the one you drew since that didn't consolidate away (mandatory), it's the drop that happened lower. Supply has been taken out, if you don't see it as supply then you also have the descending TL broken, no shorts allowed until a bigger supply zone is hit, so second blue D1 supply is not tradable because D1 is in an uptrend. Alfonso

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Quoting John.

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{quote} OK, thank you! But I kindly ask you (when you have time) to draw that SZ you are talking about because I see only one CP SZ which I drew. Thanks in advance!

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Quoting panoramia

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{quote} Last daily bearish engulf down there, right below your invalid non-consolidated away zone. There is D1 supply down there, higher or lower, there is supply, good or bad quality, there is supply. One supply zone taken out + bullish trendline = uptrend. Cheers, Alfonso

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Quoting John.

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{quote} Do you mean this 3rd CP SZ? {image}

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Quoting panoramia

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{quote} Yes, that one John. That and the daily candles to the left is a supply zone, it was taken out. If one daily supply zone is taken out then daily is in a bearish consolidation, we can't trade until weekly supply gains control. In this case, we have 1 supply out + ascending trendline which equals = uptrend. D1 supply you drew at the top is therefore invalid because it does not follow the rules and scenario created but the daily market dynamics change. Cheers, Alfonso

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Quoting John.

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{quote} Do you mean this 3rd CP SZ? {image}

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Quoting John.

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{quote} I can not see any other way how we've got an uptrend. Please tell me if I'm right or wrong {image}

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Quoting dis01

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{quote} This is interesting. My Broker uses a different Timzone, so I have 6 candles a week. In my AUDUSD Chart there is even a peak: {image}

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