Supply and demand in a nutshell by Alfonso Moreno | Page 361 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #7,201
  • Mar 10, 2016 3:34am Mar 10, 2016 3:34am
Quoting shanmaz
Thanks Alphonso. It was my mistake.
No problem my friend. Remember that we might have had different trendlines or our brokers different on candlestick formations, or I could have been wrong as well which is also something possible.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,202
  • Mar 10, 2016 4:56am Mar 10, 2016 4:56am
What is your view on USDCAD? Can you post your Monthly, Weekly and Daily charts so we can comment on them?

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,203
  • Mar 10, 2016 5:21am Mar 10, 2016 5:21am
Please find the NZDCAD charts and my doubt mentioned as well
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDCADWeekly.png Size: 49 KB
  • #7,204
  • Mar 10, 2016 7:06am Mar 10, 2016 7:06am
Quoting panoramia
What is your view on USDCAD? Can you post your Monthly, Weekly and Daily charts so we can comment on them? Cheers, Alfonso
Comments welcome from all please.
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best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #7,205
  • Mar 10, 2016 7:18am Mar 10, 2016 7:18am
Quoting Akt
{quote} Comments welcome from all please. {image}{image}{image} best wishes
Disclaimer: I am still learning and I may be absolutely wrong.
My observations to your USD CAD charts:
1. You have to consider the entire monthly CP DZ as one. As of now you have draw 2 blue boxes and it should be 1.
2. Your weekly chart has 2 CP marked. The lower one is not valid as it did not remove any supply i guess. So you will have higher CP weely DZ and then the lowest drop base rally weekly DZ. just those 2.
3. I am still reading and re-reading Alphonso's thread so I may be wrong as I am still absorbing the concepts. As I mentioned in point #2 the highest CP weekly DZ can be traded based on newer leverls formed on daily or H4. If you wana set and forget you use the daily or H4 demand at the extreme of the lower (drop base rally) weekly DZ which you have not marked on weekly chart also.
  • #7,206
  • Mar 10, 2016 8:52am Mar 10, 2016 8:52am
Quoting shanmaz
{quote} Disclaimer: I am still learning and I may be absolutely wrong. My observations to your USD CAD charts: 1. You have to consider the entire monthly CP DZ as one. As of now you have draw 2 blue boxes and it should be 1. 2. Your weekly chart has 2 CP marked. The lower one is not valid as it did not remove any supply i guess. So you will have higher CP weely DZ and then the lowest drop base rally weekly DZ. just those 2. 3. I am still reading and re-reading Alphonso's thread so I may be wrong as I am still absorbing the concepts. As I mentioned...
Hello Shanmaz. Thank you for the comments

It's my fault i did not make things clearer.

You are absolutely right the monthly zone is one zone. I just didn't think I needed to put lines around it to highlight it to everyone. Its my bad. The blue boxes are the weekly CPs within that monthly zone

As for your second point, the lower CP is an inherited demand zone since the upper one took out supply. I think Alfonso has already explained that concept somewhere on the thread.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #7,207
  • Mar 10, 2016 9:46am Mar 10, 2016 9:46am
Quoting shanmaz
{quote} Disclaimer: I am still learning and I may be absolutely wrong. My observations to your USD CAD charts: 1. You have to consider the entire monthly CP DZ as one. As of now you have draw 2 blue boxes and it should be 1. 2. Your weekly chart has 2 CP marked. The lower one is not valid as it did not remove any supply i guess. So you will have higher CP weely DZ and then the lowest drop base rally weekly DZ. just those 2. 3. I am still reading and re-reading Alphonso's thread so I may be wrong as I am still absorbing the concepts. As I mentioned...

thank you for the share!
  • #7,208
  • Mar 10, 2016 10:14am Mar 10, 2016 10:14am
Hey Guys!

Soo I got long on GBPAUD, and Im aiming for a 2:1. However, im curious about where you guys would set your target? Higher or lower? Any suggestions? I aim to be a Swing/Position type of trader.
Ohh I just noticed that my entry isnt printed on these screenshot.

Entry : 1.9000
SL : 1.8800

PT: 1.9400


Thanks =)
/Johan
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  • #7,209
  • Mar 10, 2016 10:29am Mar 10, 2016 10:29am
Any charts?

/Johan
  • #7,210
  • Mar 10, 2016 10:38am Mar 10, 2016 10:38am
EURJPY TRADE REVIEW

I am currently long on EURJPY after what i believe to be MN DEMAND ZONE
please i will like inputs on this set up validation, i want to confirm from fellow traders
if this is a valid set up or if its just a case of luck, i keep a journal and take not of similar setups
to know how to deal with them in the future.

Please let me know what your respective opnions are.
Thanks.

(@ Alfonso) <<< i would really appreciate your input, thanks

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FRK
  • #7,211
  • Mar 10, 2016 4:07pm Mar 10, 2016 4:07pm
Quoting franksonjr
EURJPY TRADE REVIEW I am currently long on EURJPY after what i believe to be MN DEMAND ZONE please i will like inputs on this set up validation, i want to confirm from fellow traders if this is a valid set up or if its just a case of luck, i keep a journal and take not of similar setups to know how to deal with them in the future. Please let me know what your respective opnions are. Thanks. (@ Alfonso) <<< i would really appreciate your input, thanks {image} {image} {image}
Hello frankson
Thank you for sharing your trade

I have the same analysis.
Watching the 126.83 SZ on daily chart for first target
Be careful what you think because your thoughts run your life..Solomon
  • #7,212
  • Mar 10, 2016 4:34pm Mar 10, 2016 4:34pm
Quoting shanmaz
Please find the NZDCAD charts and my doubt mentioned as well {image} {image}
Shanmaz, you are using the automatic indicator, it will fail a lot and draw zones that are not valid. Please draw them manually with the rectangle extender indicator I've created and apply the rules. We can't help if you don't follow the rules and try to do everything automatic. You must learn why a zone is a zone, the automatic indicator won't tell you.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,213
  • Mar 10, 2016 4:36pm Mar 10, 2016 4:36pm
Quoting Akt
{quote} Comments welcome from all please. {image}{image}{image} best wishes
USDCAD at Monthly demand level, confirmation for longs. Current D1 demand zone had a lot of trading in the zone, it could not be taken set and forget. Waiting for a brand new demand zone.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,214
  • Mar 10, 2016 4:37pm Mar 10, 2016 4:37pm
Quoting franksonjr
EURJPY TRADE REVIEW I am currently long on EURJPY after what i believe to be MN DEMAND ZONE please i will like inputs on this set up validation, i want to confirm from fellow traders if this is a valid set up or if its just a case of luck, i keep a journal and take not of similar setups to know how to deal with them in the future. Please let me know what your respective opnions are. Thanks. (@ Alfonso) <<< i would really appreciate your input, thanks {image} {image} {image}
Monthly demand zone, brand new daily demand imbalance created and in control, rallying from there. Daily uptrend now, long bias for now on EURJPY. Cheers
Set and Forget supply and demand trading community
  • #7,215
  • Mar 10, 2016 5:54pm Mar 10, 2016 5:54pm
Quoting panoramia
{quote} Shanmaz, you are using the automatic indicator, it will fail a lot and draw zones that are not valid. Please draw them manually with the rectangle extender indicator I've created and apply the rules. We can't help if you don't follow the rules and try to do everything automatic. You must learn why a zone is a zone, the automatic indicator won't tell you. Cheers, Alfonso
Thanks Alfonso. I had this doubt for a long time and hence even when i wanted to draw I used to feel that automatic indicator may be more correct. I will surely now only rely on zones which I feel are as per rules and get them ratified in this forum.

I will be thankful if you may kindly review the NZDCAD chart which I posted. As I mentioned in my submission - will shorting be allowed in H4 as now the price is retracing back from weekly DZ and we are low on weekly curve and more importantly is my depiction of monthly zone and weekly zone correct or I am considering an area as zone without it being a zone.
  • #7,216
  • Mar 10, 2016 9:21pm Mar 10, 2016 9:21pm
Dear Alphonso, I see a potential (not yet) DZ on CHFJPY. Is my analysis based on Monthly Weekly Daily correct..Pls guide
Attached Image(s) (click to enlarge)
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  • #7,217
  • Mar 10, 2016 10:02pm Mar 10, 2016 10:02pm
Dear Alphonso, please correct my analysis. I will be thankful if you may please point out the inconsistencies so that I may work on them and correct
Attached Image(s) (click to enlarge)
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  • #7,218
  • Mar 11, 2016 10:58am Mar 11, 2016 10:58am
NZDUSD possible D1 short, if I'm not mistaken
MN/WK down + MN/WK supply in control.
We have brand new D1 supply zone created after the test of fresh WK SZ. As I can see, D1 supply is quite strong and good to go short.

* I'm not absolutely sure about MN downtrend but even if it's conso it has supply in control...

Attached Image (click to enlarge)
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  • #7,219
  • Mar 11, 2016 3:01pm Mar 11, 2016 3:01pm
Quoting John.
NZDUSD possible D1 short, if I'm not mistaken MN/WK down + MN/WK supply in control. We have brand new D1 supply zone created after the test of fresh WK SZ. As I can see, D1 supply is quite strong and good to go short. * I'm not absolutely sure about MN downtrend but even if it's conso it has supply in control... {image} {image} {image}
Hi John.
Thank you for sharing this trading idea.
I have attached my contribution below.

Best wishes

Attached Image (click to enlarge)
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Be careful what you think because your thoughts run your life..Solomon
  • #7,220
  • Edited 3:28pm Mar 11, 2016 3:15pm | Edited 3:28pm
Hi Akt, thanks for your post!
Sorry but I can not agree with you. Your MN CP DZ can not control the market because this zone is against the trend. And CP against the trend can not be the zone in control. So on the MN chart supply controls the market and we are quite high on the MN curve (70%).
This small WK SZ I rely on is valid because it removed WK DZ below, please see my chart. The WK DZ which was removed was valid because the nearest opposing zone was much higher (more than 3:1 and makes zones valid by itself).
Best Regards,
John.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDWeekly.png Size: 39 KB


Updated: moreover, your MN quotes differ from mine ones very much. On my MN charts the low of August 2015 was 0.61029 which is much lover than your MN CP DZ distal line...
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