Supply and demand in a nutshell by Alfonso Moreno | Page 360 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #7,181
  • Mar 8, 2016 2:14am Mar 8, 2016 2:14am
Weekly supply removed on Brent (Crude Oil) New daily demand zone created for counter-trend longs if D1 trend is respected by the time price reaches that imbalance.

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Set and Forget supply and demand trading community
  • #7,182
  • Mar 8, 2016 9:16am Mar 8, 2016 9:16am
Anyone else but me looking at the monthly level on USDCAD? 4hr reversal looks tempting=)
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  • #7,183
  • Mar 8, 2016 9:38am Mar 8, 2016 9:38am
Quoting Johanfolet
Anyone else but me looking at the monthly level on USDCAD? 4hr reversal looks tempting=) {image}
Yes, looking to go long on new Daily imbalances on USDCAD. Weekly demand zone in control, with monthly demand imbalance right underneath. Long bias. Waiting for a new setup.

Cheers,
Alfonso
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  • #7,184
  • Mar 8, 2016 12:48pm Mar 8, 2016 12:48pm
Quoting Johanfolet
Anyone else but me looking at the monthly level on USDCAD? 4hr reversal looks tempting=) {image}
Already long. Like Alfonso, waiting for new daily imbalances to add to position

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #7,185
  • Mar 8, 2016 1:18pm Mar 8, 2016 1:18pm
Quoting panoramia
{quote} The rectangle indicator does not draw any demand or supply zone. That zone you are pointing at is supply and not demand. If you are using an automatic indicator, you should know how it works You should know that is a supply zone for a simple reason, rules say it's supply zone. Cheers, Alfonso
I know very well that is a Supply Zone and I don't use the automatic indicator.
I would like to know only, if the Rectangle indicator has a little problem and shows sometimes Supply Zones with blue. It happens for the moment, only on the AUDCHF-Daily. I know that this Zone is not valid but could explain me why the blue color? With other currency pairs does not appear this issue, the indicator draws not valid Supply Zones as Supply. But if you say it is OK, then no problem!!!
If you allow me please a little suggestion for the indicator. Instead of drawing Zones with irritating color, if the zone is not more valid, then the indicator will be prevented from drawing any zone.
Thanks
  • #7,186
  • Edited 2:30pm Mar 8, 2016 2:15pm | Edited 2:30pm
Quoting lakis071051
{quote} I know very well that is a Supply Zone and I don't use the automatic indicator. I would like to know only, if the Rectangle indicator has a little problem and shows sometimes Supply Zones with blue. It happens for the moment, only on the AUDCHF-Daily. I know that this Zone is not valid but could explain me why the blue color? With other currency pairs does not appear this issue, the indicator draws not valid Supply Zones as Supply. But if you say it is OK, then no problem!!! If you allow me please a little suggestion for the indicator. Instead...
There is an issue with the indicator.. If you draw a supply rectangle at current price but price is above rectangle it will be blue, opposite for demand. But that happens rarely, if that happens you edit the rectangle and change its color.

Thanks for the suggestion regarding the indicator's colours for zones. All colours can be changed so edit the input variables and choose the ones you want. There are many other functions that could be added to the indicator, but it works great the way it's. I only add those that I am going to use in my own trading, soon I will be adding a couple of new ones, but I'm busy with other things right now.

Cheers,
Alfonso
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  • #7,187
  • Mar 8, 2016 3:13pm Mar 8, 2016 3:13pm
I know this method does not concern itself with news .. however it is the bank of Canada rate decision tomorrow .. Just wanted to mention ..

I do not trade news but i do not trade around central bank announcements .. i usually wait until after.
  • #7,188
  • Mar 8, 2016 11:56pm Mar 8, 2016 11:56pm
Quoting n_aftab
I know this method does not concern itself with news .. however it is the bank of Canada rate decision tomorrow .. Just wanted to mention .. I do not trade news but i do not trade around central bank announcements .. i usually wait until after.
Hello n_aftab, if i may,

S&D does concern itself with news, it's just how the fundamental news is used.
We use the fundamental news to enter technically, using the rules of s&d rather than the usual convention of trying to jump in at news announcements
News helps us attain our entries and targets

Best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #7,189
  • Mar 9, 2016 2:44am Mar 9, 2016 2:44am
Quoting Akt
{quote} Hello n_aftab, if i may, S&D does concern itself with news, it's just how the fundamental news is used. We use the fundamental news to enter technically, using the rules of s&d rather than the usual convention of trying to jump in at news announcements News helps us attain our entries and targets Best wishes
Quoting n_aftab
I know this method does not concern itself with news .. however it is the bank of Canada rate decision tomorrow .. Just wanted to mention .. I do not trade news but i do not trade around central bank announcements .. i usually wait until after.
If I was a friend of Draghi or Yellen I would pay close attention to the news, why? Because I'd know what was going to be said in those press releases and I would be positioned way before the news is released

Cheers,
Alfonso
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  • #7,190
  • Mar 9, 2016 3:07am Mar 9, 2016 3:07am
AUDNZD weekly in an uptrend, weekly demand in control, creating new levels of demand on the lower timeframes. Long bias.

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  • #7,191
  • Mar 9, 2016 3:16am Mar 9, 2016 3:16am
Potential counter trend demand longs on Hindalco Indian NSE Stock. No close below and if weekly supply is removed we could see some longs to re-alignment. Confirmation for shorts.

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Set and Forget supply and demand trading community
  • #7,192
  • Mar 9, 2016 4:48am Mar 9, 2016 4:48am
Quoting panoramia
{quote} Yes, looking to go long on new Daily imbalances on USDCAD. Weekly demand zone in control, with monthly demand imbalance right underneath. Long bias. Waiting for a new setup. Cheers, Alfonso

hi,

Can i clarify what you mean ..

do you mean you will wait for opposing supply on the daily to get removed which will then give the area of demand on the daily?
and then use the pullback into this area to enter long?

thanks!
  • #7,193
  • Mar 9, 2016 5:01am Mar 9, 2016 5:01am
Quoting n_aftab
{quote} hi, Can i clarify what you mean .. do you mean you will wait for opposing supply on the daily to get removed which will then give the area of demand on the daily? and then use the pullback into this area to enter long? thanks!
An imbalance is only created in two ways, so wait for any of those two to happen. Which are those two methods? Rules are very specific about them.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,194
  • Mar 9, 2016 5:29am Mar 9, 2016 5:29am
Quoting panoramia
{quote} There is an issue with the indicator.. If you draw a supply rectangle at current price but price is above rectangle it will be blue, opposite for demand. But that happens rarely, if that happens you edit the rectangle and change its color. Thanks for the suggestion regarding the indicator's colours for zones. All colours can be changed so edit the input variables and choose the ones you want. There are many other functions that could be added to the indicator, but it works great the way it's. I only add those that I am going to use in my...
Thanks for the info
  • #7,195
  • Mar 9, 2016 8:21am Mar 9, 2016 8:21am
Quoting panoramia
{quote} {quote} If I was a friend of Draghi or Yellen I would pay close attention to the news, why? Because I'd know what was going to be said in those press releases and I would be positioned way before the news is released Cheers, Alfonso
Ah my friend, the charts make us friends with those in authority even though we never meet them. We see them coming!

Best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #7,196
  • Mar 10, 2016 12:20am Mar 10, 2016 12:20am
Brand new H4 downtrend on NZDCAD bouncing off of Daily supply that is playing out nicely. Short bias. Similar short imbalances created on NZDUSD and other NZD forex cross pairs.

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  • #7,197
  • Mar 10, 2016 1:42am Mar 10, 2016 1:42am
Dear Alphonso in your NZDCAD chart weekly trend indicator is showing up. But the weeklly uptrend line has been solidly broken with 1 candle outside of trend line and also we have 2 peaks to connect and form a downtrend line. Please correct me
  • #7,198
  • Mar 10, 2016 2:43am Mar 10, 2016 2:43am
Quoting shanmaz
Dear Alphonso in your NZDCAD chart weekly trend indicator is showing up. But the weeklly uptrend line has been solidly broken with 1 candle outside of trend line and also we have 2 peaks to connect and form a downtrend line. Please correct me
The Weekly candle is not yet closed on my chart which is why the indicator says up. Daily supply zone in control that is probably causing the break of weekly bullish trending. New supply imbalances being created so short bias on new supply levels on nzdcad for now. Cheers, Alfonso
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  • #7,199
  • Mar 10, 2016 2:59am Mar 10, 2016 2:59am
Thanks Alphonso. It was my mistake.
  • #7,200
  • Mar 10, 2016 3:09am Mar 10, 2016 3:09am
Alphonse in NZDCAD can we say that the price has just kissed the weekly Demand zone now. If so, and then if the price retraces back to the brand new H4 SZ which you mentioned, will we be allowed to sell at the brand new H4 SZ, or should we consider the weekly demand to be in control
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