Supply and demand in a nutshell by Alfonso Moreno

Quoting lakis071051

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Hi Alfonso, I have the newest version of the RectangleReader indicator. I draw first SD levels on WK-TF and then on D1. When I change TF from D1 to WK and back to D1, then I cannot change the width of the levels anymore ( they are not editable). Any suggestion please? Thanks

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Quoting Poole

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{quote} Hi The rectangle reader is editable. The supply and demand indicator is not editable.

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Quoting panoramia

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{quote} No idea! First time I ever heard of that problem, been using the indicator for years, hundreds of people as well and never such a weird thing. There must be something you are doing wrong or something wrong with your installation and/or platform. A level drawn manually is a rectangle, all rectangles are editable by double clicking at their corners, it's how MT works, the indicator does not change that. It that doesn't work it's not the indicator's fault, it has to be something wrong in your platform. Sorry I can't help! Cheers, Alfonso

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Quoting lakis071051

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{quote} Thanks for your quick reply, I found the problem. I must tap with the mouse in the middle of the rectangle, Then I can see the white points at the 4 corners of the rectangle and I can edit it. Is it generally like this or it is a strange behavior only on me. I have tried it in both IC Markets and Pepperstone MT4 platforms. Have a nice weekend

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Quoting panoramia

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{quote} MT works the way it works, the indicator has changed nothing A rectangle can be selected at all four corners and also at the middle. That's inherent to MT. Cheers, Alfonso

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Quoting panoramia

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Price fell short of hitting NZDUSD Daily supply at 0.6822, Daily candle didn't close aboive previous 3 x D1 bearish engulfing patterns. Short bias, potential H4 supply zones being created and potential D1 supply zone. {image}

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Quoting panoramia

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Brand new Daily supply created at weekly supply zone on EURNOK. D1 short already playing out. Temporary short bias since Monthly is still in a downtrend. Weekly out of alignment with WK+D1 supply imbalances in control. See previous analysis and the D1 short that had been planned, entry happened and playing out. {image} {image}

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Quoting lakis071051

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{quote} I see two different candles (first candle in the zone) in your charts. In the first chart without an upper wick and in the second with an upper wick. Different brokers? In the first chart you include the closing of the second candle in the zone. In the second chart you do not include the closing of the second candle in the zone. Which one is the right? You have then, two Range Sizes: 478 pips and 495 pips, 17 pips difference, not insignificant. On my chart (ICMarkets), if I draw the zone with the closing of the second candle included, I...

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Quoting tzkennedy

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A quick question about how you use the curve. On the attached daily chart, I have the USDCAD at 13% on the weekly curve, but it hasn't yet reached the demand zone. If price retraces up to the daily supply at around 1.37 before going any lower, would you consider that OK as it would be at about 25% in the curve by then? So my question is, are shorts ruled out once you pass the lower limit of the curve, or do you take trades that retrace back up to the acceptable area as long as the demand hasn't been actually hit? Thanks

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Quoting tzkennedy

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A quick question about how you use the curve. On the attached daily chart, I have the USDCAD at 13% on the weekly curve, but it hasn't yet reached the demand zone. If price retraces up to the daily supply at around 1.37 before going any lower, would you consider that OK as it would be at about 25% in the curve by then? So my question is, are shorts ruled out once you pass the lower limit of the curve, or do you take trades that retrace back up to the acceptable area as long as the demand hasn't been actually hit? Thanks

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Quoting panoramia

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{quote} You haven't attached any USDCAD chart my friend. Alfonso

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Quoting tzkennedy

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{quote} Sorry! {image}

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Quoting panoramia

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{quote} I used different brokers, HotForex and IC Markets, that's why there might be that difference on EURNOK supply zone. Bias was shorts because there was a brand new weekly supply in control. Cheers, Alfonso

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Quoting Poole

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Good Afternoon Antonio Is the automatic supply and demand indicator any good? I am trying to draw the zones myself and then put on the automatic indicator to test my drawing skills but it gives me 5 or 10 additional zones. Is there a video that sets out all the rules for drawing the zones? Tx in advance Mark

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Quoting lakis071051

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{quote} Thanks for the reply. Could please draw the WK supply zone on the EURNOK WK chart? I cannot understand where is this zone on the EURNOK WK. Thanks

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