Supply and demand in a nutshell by Alfonso Moreno | Page 379 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #7,561
  • Apr 28, 2016 11:36pm Apr 28, 2016 11:36pm
Quoting jandarana
And another one: 1. Monthly UK100GBP Supply Area in control. we are near the supply level 2. D1 created a new supply level because we broke through d1 demand. Awaiting entry at 6358. Stop above the area. What do you think? Jandarana {image} {image}
Same here. You are not analyzing Uk Footsie Index or drawing the imbalances as per the rules, what you did does not resemble to any of the rules So, as long as you draw the zones as per the rules it's not possible to give you any feedback. Sorry. Read first post, the posts, watch some videos, take your time. You are not using the indicators either.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,562
  • Apr 29, 2016 1:16am Apr 29, 2016 1:16am
New Daily supply imbalance formed at 111 on USDJPY Weekly demand imbalance in control but it goes against the Monthly and Weekly downtrend bias. Strong departure. New lower timeframe supply zones can be formed preventing price from retracing to D1 short.

Short supply imbalances created on other Yen cross pairs.
Have a great weekend
Cheers,
Alfonso
www.set-and-forget.com

Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #7,563
  • Apr 29, 2016 3:31pm Apr 29, 2016 3:31pm
Quoting panoramia
{quote} You are not analyzing the markets or drawing the imbalances as per the rules, what you did does not resemble to any of the rules So, as long as you draw the zones as per the rules it's not possible to give you any feedback. Sorry Cheers, Alfonso
Hmm, i thought I was following the rules

OK, so here we go again.

I trade Monthy/Weekly combination with H4 for finetuning the entries as described in one of the videos in your first post.

I start my analysis on Monthly to get the direction of my trades.

Monthly NZDUSD: The supply area is confirmed because it took out an opposing demand area.

The demand area which I drawed didn't take out any opposing supply area but it broke a trendline. So Monthly trend is north.

Where am I wrong with my analysis of Monthly?

Thanks!

Attached Image (click to enlarge)
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  • #7,564
  • Apr 29, 2016 4:18pm Apr 29, 2016 4:18pm
Hi jandarana if you let me just to say something ,., that's the same as i have on my monthly chart but i think also you need to put the weekly , and the daily analysis even the 4 h chart but not lower than that ., so as i read the rules for the thread here , 3 time frames for analysis no lower than 4h chart also you don't use the indicators that all the traders here use which helps you with your analysis , these indicators you can download them easily and install them on your Metatrader program , you just need to go to set-and-forget.com and register then you will get a mail with the indicators
  • #7,565
  • May 1, 2016 7:09am May 1, 2016 7:09am
EURGBP
Monthly:- trend UP, Price has taken out Monthly supply zone ( Shaded in gray)
Weekly & daily time frame close above that area hence no fake out

Weekly:- Weekly trend up, No monthly supply in control, Looking to go long at weekly demand zone

Daily:- Although trend on daily is down, Looking for daily demand level nested within weekly to go long. ( As monthly & weekly are in up trend)
Spotted the zone at 0.7764 stop 7720, Target 0.8140 the next monthly supply Cp pattern.
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  • #7,566
  • May 1, 2016 9:19am May 1, 2016 9:19am
Quoting Vsm
EURGBP Monthly:- trend UP, Price has taken out Monthly supply zone ( Shaded in gray) Weekly & daily time frame close above that area hence no fake out Weekly:- Weekly trend up, No monthly supply in control, Looking to go long at weekly demand zone Daily:- Although trend on daily is down, Looking for daily demand level nested within weekly to go long. ( As monthly & weekly are in up trend) Spotted the zone at 0.7764 stop 7720, Target 0.8140 the next monthly supply Cp pattern. {image} {image} {image}

Nice top down analysis, it's sad I didn't noticed breakout last week, now it might be too late to enter trade on this pair
  • #7,567
  • May 1, 2016 6:08pm May 1, 2016 6:08pm
Quoting Vsm
EURGBP Monthly:- trend UP, Price has taken out Monthly supply zone ( Shaded in gray) Weekly & daily time frame close above that area hence no fake out Weekly:- Weekly trend up, No monthly supply in control, Looking to go long at weekly demand zone Daily:- Although trend on daily is down, Looking for daily demand level nested within weekly to go long. ( As monthly & weekly are in up trend) Spotted the zone at 0.7764 stop 7720, Target 0.8140 the next monthly supply Cp pattern. {image} {image} {image}
Hi VSM,
my weekly ascending trendline is break wait price back to MN DZ to go long or descending trendline @WK break and make new DZ.
Attached Image



thanks

Rio
from loser to be hero
  • #7,568
  • May 1, 2016 11:13pm May 1, 2016 11:13pm
Quoting rio cyrano
{quote} Hi VSM, my weekly ascending trendline is break wait price back to MN DZ to go long or descending trendline @WK break and make new DZ. {image} thanks Rio
Your ascending trend line on weekly is correct, but we can not conclude it is broken when trade was triggered, as it was a running candle below trend line on weekly chart. ( No complete candle formation (OHLC) non touching the trend line),
  • #7,569
  • May 2, 2016 12:00am May 2, 2016 12:00am
EURCAD

Monthly :- Trend is up, price at monthly demand zone ( Low in curve). Stop is around 250 pips which is huge for me, waiting for imbalance to form on daily
Weekly:- Out of alignment from monthly hence ignored, weekly supply too far from current level
Daily:- Price bouncing of monthly demand zone, waiting for today's candle formation to confirm
a) Break of descending trend line on daily
b) Consolidation away from the imbalance to confirm the zone
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  • #7,570
  • May 2, 2016 3:34am May 2, 2016 3:34am
Hi Alfonso,

NZD@ Daily :
Attached Image

if we have GAP like this, can we draw trendline like this? or this trendline not valid.



thanks

Rio
from loser to be hero
  • #7,571
  • May 2, 2016 5:14am May 2, 2016 5:14am
Quoting rio cyrano
Hi Alfonso, NZD@ Daily : {image} if we have GAP like this, can we draw trendline like this? or this trendline not valid. thanks Rio
Both trendlines are valid since they are valid valleys and peaks Rio.
Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #7,572
  • May 2, 2016 5:15am May 2, 2016 5:15am
Quoting Vsm
EURCAD Monthly :- Trend is up, price at monthly demand zone ( Low in curve). Stop is around 250 pips which is huge for me, waiting for imbalance to form on daily Weekly:- Out of alignment from monthly hence ignored, weekly supply too far from current level Daily:- Price bouncing of monthly demand zone, waiting for today's candle formation to confirm a) Break of descending trend line on daily b) Consolidation away from the imbalance to confirm the zone {image} {image} {image}
We can't go short on EUR/CAD since bigger timeframe demand imbalance is in control now, longs can start to happen if the correct demand imbalances are created.
Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #7,573
  • May 2, 2016 9:59am May 2, 2016 9:59am
Hi Alfonso,

I have been using your indicator. it is working very well.
but it shows trendlines only on h4 and higher timeframes.
how can i add also H1 trendlines?

Have a nice day
  • #7,574
  • May 2, 2016 11:27am May 2, 2016 11:27am
Quoting caparzo
Hi Alfonso, I have been using your indicator. it is working very well. but it shows trendlines only on h4 and higher timeframes. how can i add also H1 trendlines? Have a nice day
Yes you can, the option is in the indicator's input variables, you have to enable H1.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,575
  • May 2, 2016 11:32am May 2, 2016 11:32am
Hi again,

i downloaded

  1. Sep 5, 2013 6:09pm

version from your indicator thread.. but i can not see H1 in custom indicator settings list

thanks

  • #7,576
  • May 2, 2016 2:42pm May 2, 2016 2:42pm
Hello Alfonso,
I'm not sure if this trendline is correct or not, can you help me?
Attached Image (click to enlarge)
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  • #7,577
  • May 3, 2016 12:17am May 3, 2016 12:17am
Hi,

NZDUSD :

MN : BREAK DESCENDING TRENDLINE AND MAKE NEW DZ VALID. (CONSOLIDATION BEARISH)
Attached Image

WK : UP, NOW SZ @ WK TAKE CONTROL
Attached Image

DAILY : BREAK DESCENDING TRENDLINE AND MAKE NEW DZ. NOW SZ @ DAILY TAKE CONTROL, WAIT DAILY DZ TO GO LONG.
Attached Image


correct or not?


thanks

Rio
from loser to be hero
  • #7,578
  • May 3, 2016 2:04am May 3, 2016 2:04am
Quoting caparzo
Hi again, i downloaded Sep 5, 2013 6:09pm version from your indicator thread.. but i can not see H1 in custom indicator settings list thanks
That's an old indicator. Last ones offer the possibility to draw zones in lower timeframes. That feature has been there for a long time now. Contact me via the contact form at http://www.set-and-forget.com/contact-us and I will send you the latest version.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,579
  • May 3, 2016 2:05am May 3, 2016 2:05am
Quoting John.
Hello Alfonso, I'm not sure if this trendline is correct or not, can you help me? {image}
It's correct since the Daily trendline is connecting the latest two valleys John.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,580
  • May 3, 2016 2:17am May 3, 2016 2:17am
Quoting panoramia
{quote} That's an old indicator. Last ones offer the possibility to draw zones in lower timeframes. That feature has been there for a long time now. Contact me via the contact form at http://www.set-and-forget.com/contact-us and I will send you the latest version. Cheers, Alfonso
Thanks Alfonso..
Appreciate it..
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