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Supply and Demand Zones 48 replies

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Attachments: Supply and demand in a nutshell by Alfonso Moreno
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Supply and demand in a nutshell by Alfonso Moreno

Quoting lakis071051
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
Hi
The rectangle reader is editable.
The supply and demand indicator is not editable.
Keep calm and trade on
Quoting Poole
{quote} Hi The rectangle reader is editable. The supply and demand indicator is not editable.
Ahh ok, you are referring to the automatic rectangles my friend, those ARE NOT editable as described in the docs. They are automatic and created with some formulas. I don't use that indicator and I don't recommend using it. You said that you drew your first levels, so you did that manually, those can be edited, automatic ones impossible else they would no longer be automatic

Regards,
Alfonso
Set and Forget supply and demand trading community
Quoting panoramia
{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
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
Quoting lakis071051
{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
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
Set and Forget supply and demand trading community
Quoting panoramia
{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
Only if I tap with the mouse in a radius at about 6-7 mm from the middle of the rectangle and near the corners, I can edit the rectangle.
I'm using Windows 7 Ultimate SP1.
Any suggestion, anybody in the Forum with the same issue?
Price fell short of hitting D1 supply on AUD/USD at 0.7270. Created a brand new H4 SZ and that was the last trade available on AUD/USD. Brand new D1 bearish engulfing pattern. Short bias
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Set and Forget supply and demand trading community
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.
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Set and Forget supply and demand trading community
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.

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Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
Quoting panoramia
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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How did you draw this WK Supply zone. I do not see in the WK chart any area where we could draw a potential Supply zone. I attach 3 charts.
Quoting panoramia
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}
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 have a Range Size of 550 pips ,not insignificant difference at all. I attach 1 chart.
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Quoting lakis071051
{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...
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
Set and Forget supply and demand trading community
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
Quoting tzkennedy
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
You haven't attached any USDCAD chart my friend.
Alfonso
Set and Forget supply and demand trading community
Quoting tzkennedy
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

hi,

how do you work out the % of the curve ?
Quoting panoramia
{quote} You haven't attached any USDCAD chart my friend. Alfonso
Sorry!
Attached Image (click to enlarge)
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Quoting tzkennedy
{quote} Sorry! {image}
I see no imbalances and no trendlines on that USDCAD my friend, I can't give you any feedback if you don't draw the zones and ask the questions on the chart. I don't even know which timeframe it's since there is no sign of it on the chart. Cheers
Set and Forget supply and demand trading community
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
Keep calm and trade on
Quoting panoramia
{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
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
Quoting Poole
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
The automatic indicator is missing and will miss many zones, it does not even detect continuation patterns. Use it to your own risk, I am not using it.There is no video that covers all nuances on how to draw imbalances, there are quite a few, difficult to do that in a single video. Maybe in the future, but not in my plan in the short term sorry.Cheers,Alfonso
Set and Forget supply and demand trading community
Quoting lakis071051
{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
Can you please try to draw it yourself? Maybe someone else can try it as well. There are only two rules that allow us to drae a potential supply and demand imbalance. Can you or anybody try to draw eurnok weekly supply imbalance?Cheers,Alfonso
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