Supply and demand in a nutshell by Alfonso Moreno | Page 380 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #7,581
  • May 3, 2016 2:53am May 3, 2016 2:53am
Weekly supply in control and a new level of supply has been created on EURJPY. Short bias at new supply imbalances.

I'm also updating my Twitter and Instagram accounts with new trading ideas. Follow me in those social networks if you want to access to potential tradable imbalances.

https://twitter.com/SetAndForgetSD
https://www.instagram.com/setandforget/


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Set and Forget supply and demand trading community
  • #7,582
  • May 3, 2016 2:59am May 3, 2016 2:59am
Quoting panoramia
{quote} It's correct since the Daily trendline is connecting the latest two valleys John. Cheers, Alfonso
Many thanks, Alfonso!
What do you think about CADCHF D1 short?
MN is down, D1 wow is nested within MN SZ, room to opposing DZ...
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  • #7,583
  • May 3, 2016 8:53am May 3, 2016 8:53am
Hello everybody

Did I draw levels correctly?
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  • #7,584
  • May 4, 2016 2:30am May 4, 2016 2:30am
Quoting Abzozo1
Hello everybody Did I draw levels correctly? {image}
Hello there,

Your levels are correct. The bottom one is not yet valid because it didn't create a 2:1 imbalance. You uploaded a small thumbnail so we need to press on it in order to see the attachment. Please next time upload the full screenshot so we can see it fully.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,585
  • May 4, 2016 2:33am May 4, 2016 2:33am
Thanks Maestro, I ussually upload the full pic, I'm not sure what happened this time.

Abzozo
  • #7,586
  • May 4, 2016 5:41am May 4, 2016 5:41am
AUDNZD has created a strong Daily supply imbalance around 1.12. This imbalance is nested at a tested weekly supply imbalance. Daily is in a downtrend after weekly supply gained control. Price is approaching a weekly demand zone, not yet there.

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Set and Forget supply and demand trading community
  • #7,587
  • May 4, 2016 9:52am May 4, 2016 9:52am
Hello Alfonso, I'm Amin from Malaysia. I started trading 2 months ago and I find the best way to trade is using SD. I've been following your thread and videos for a month and I've learnt a lot. Even made a lot of dollars than I ever made before . I'm an intraday trader and I use your indicators which really help alot. I already subscribed to your list in your website. Currently saving up to cover my past losses and also to subscribe to your site. I'm a big fan!

Thanks!
i just want to make 10% gain a month.
  • #7,588
  • May 4, 2016 12:01pm May 4, 2016 12:01pm
Hi,

Is this chart correct? I still studying the basics..

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Thank you.
  • #7,589
  • May 4, 2016 8:40pm May 4, 2016 8:40pm
Quoting P4nda
Hi, Is this chart correct? I still studying the basics.. {image} Thank you.
Hi P4nda,

this time @ MN trend is down. ( go to short )
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but now DZ @ MN control.
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  • #7,590
  • May 5, 2016 1:15am May 5, 2016 1:15am
Quoting rio cyrano
{quote} Hi P4nda, this time @ MN trend is down. ( go to short ) {image} but now DZ @ MN control.
Monthly chart is not down my friend. Trendline broken + one demand zone taken out. Rules don't say it's a downtrend, it's bullish consolidation. Can you explain to us why should it be downtrend as per the rules? Price is bouncing of a 3 months demand zone imbalance

Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #7,591
  • May 5, 2016 1:17am May 5, 2016 1:17am
Quoting amnrsln
Hello Alfonso, I'm Amin from Malaysia. I started trading 2 months ago and I find the best way to trade is using SD. I've been following your thread and videos for a month and I've learnt a lot. Even made a lot of dollars than I ever made before . I'm an intraday trader and I use your indicators which really help alot. I already subscribed to your list in your website. Currently saving up to cover my past losses and also to subscribe to your site. I'm a big fan! Thanks!
Welcome to the supply and demand thread Amin, glad to see you here. I'm happy to read supply and demand rules are helping you in your trading, that's awesome. Keep us updated, you'll be welcome if you want to share some of your analysis in the future.

Have a great day.
Cheers,
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #7,592
  • May 5, 2016 1:18am May 5, 2016 1:18am
Quoting P4nda
Hi, Is this chart correct? I still studying the basics.. {image} Thank you.
Correct my friend. Well done That monthly demand is also a 3 months demand and 3 months has a clear uptrend bias. 3 months demand level being respected.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,593
  • May 5, 2016 2:03am May 5, 2016 2:03am
Quoting panoramia
{quote} Monthly chart is not down my friend. Trendline broken + one demand zone taken out. Rules don't say it's a downtrend, it's bullish consolidation. Can you explain to us why should it be downtrend as per the rules? Price is bouncing of a 3 months demand zone imbalance Cheers, Alfonso www.set-and-forget.com

Hi My friend,

maybe you right, i'm wrong.....this bullish consolidation. but i don't know there any 3 months DZ because i don't have indicator 3 and 6 months. and i just follow what i see. month TL break and 1 DZ taken out and i follow to short because my high timeframe just 1 Month. if TL descending @MN break i follow to go long. just like that my friend.


thanks

Rio
from loser to be hero
  • #7,594
  • May 5, 2016 4:00am May 5, 2016 4:00am
Hello Alfonso,

I saw on your Twitter account GOLD chart where You wrote that Long can continue from D1 DZ.
On MN chart we have bearish consolidation so rules say we can trade long or short in extremes after confirmation.
No price is in MN SZ in control (secound pullback), so that D1 long agains MN SZ is lower probability ?
Supply & Demand trading
  • #7,595
  • May 5, 2016 6:31am May 5, 2016 6:31am
Quoting panoramia
{quote} Correct my friend. Well done That monthly demand is also a 3 months demand and 3 months has a clear uptrend bias. 3 months demand level being respected. Cheers, Alfonso
So when new zone is created (in this case Supplyzone),
1 -we can mesure curve. No more longs when price is higher than 2,0500 (Monthly curve >70%) ?
2 -if price broke new SZ, we can draw new DZ ?

3 -is there anything else what new area of influence?


I know that the answer to these surely there several times, but my English is not good, that's why I ask this is now possible.
Thank you.
  • #7,596
  • May 5, 2016 9:27am May 5, 2016 9:27am
Quoting P4nda
{quote} So when new zone is created (in this case Supplyzone), 1 -we can mesure curve. No more longs when price is higher than 2,0500 (Monthly curve >70%) ? 2 -if price broke new SZ, we can draw new DZ ? 3 -is there anything else what new area of influence? I know that the answer to these surely there several times, but my English is not good, that's why I ask this is now possible. Thank you.
All that is explained in post #1 my friend step by step

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,597
  • May 6, 2016 12:43am May 6, 2016 12:43am
AUD/USD is reacting to monthly 20 EMA, bigger picture trend is down. New daily supply levels have been created, upper one at 0.7720 is playing out, new levels of supply being created on the way down for shorts on retracements. Room to reach opposing Daily demand zone. Similar setups happening on other aussie cross pairs. D1 PCP short playing out, room to drop. Attachment belongs to an screenshot I've uploaded to my Instagram account.

Short bias

Cheers,
Alfonso
www.set-and-forget.com

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Set and Forget supply and demand trading community
  • #7,598
  • May 9, 2016 1:42am May 9, 2016 1:42am
GBP/USD fell short of hitting weekly supply at (1). That supply zone is right at the monthly trendline confluence (blue line at 4). Price dropped heavily creating a weekly engulfing pattern, resistance at bigger timeframe confluence. When an engulf is printed price usually travels to the opposing engulf and/or imbalance, in this case to weekly demand at (3). Weekly candles could not close above previous highs, hence offering resistance. No longs allowed this high with the monthly and quarterly chart in a clear downtrend.

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Set and Forget supply and demand trading community
  • #7,599
  • Edited 11:28am May 9, 2016 7:46am | Edited 11:28am
Alfonso hello thanks for replying, I want to ask about my analysis this time
EURJPY :
Monthly Down
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Weekly Down
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Daily Down
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My question is on the daily chart, there are two levels of supply imbalances that good, but I am confused which of the two levels is good for set and forget? 125.630 to 126.460 or 127.350 to 128.210 supply area?
According to me, a good area for set and forget is 127.350 to 128.210 why? because according to the rules you, first, if the trendline broken we are not allowed to sell up to touch the area of supply at TF higher, in this case the area of supply from 127.350 to 128.210 are in weekly supply, secondly, if we sell in the area from 125.630 to 126.460 of the area low in the curve of monthly, how do you think Alfonso? am I right? Thank you very much
  • #7,600
  • May 9, 2016 8:12am May 9, 2016 8:12am
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
Now i can answer this question. this not valid peaks because this GAP!
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