Supply and demand in a nutshell by Alfonso Moreno | Page 395 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #7,881
  • Jul 28, 2016 7:50am Jul 28, 2016 7:50am
Quoting panoramia
EURAUD monthly and weekly demand imbalances. Brand new daily demand zone created and triggered. Attached chart belongs to one of the community members who took the new daily demand formed in EURAUD level. Long bias on new demand levels. Cheers, Alfonso www.set-and-forget.com {image}
Was hesitating on this one. Guess i missed it
The only person you are destined to become is the person you decide to be.
  • #7,882
  • Jul 28, 2016 7:53am Jul 28, 2016 7:53am
New Short on EUR/HKD?

MN / WK : Down
D1 / H4 : Broken Down
Possible realignment with MN chart here!
Any objections ?

The zone is a little big tho. Can someone explain why on some charts the zone seems to be so small yet pip value high and on some charts viceversa ?

Daily :
Attached Image (click to enlarge)
Click to Enlarge Name: D.png Size: 61 KB


H4 :
Attached Image (click to enlarge)
Click to Enlarge Name: H4.png Size: 55 KB



Side Note:
EUR/NZD HIT SUPPLY ON H4 TOO!
The only person you are destined to become is the person you decide to be.
  • #7,883
  • Jul 28, 2016 8:18am Jul 28, 2016 8:18am
Quoting MaxenshteinD
{quote} Sorry for breaking the rules I have read them more carefully now and removed my previous post. So can you please help ?) As I saw above a few others are also concerned with NZDUSD. On the weekly I saw 20 ema which is in the area of a turncoat zone as a great support in the bullish market, on the daily the demand turncoat zone seemed really good to me however there is also a turncoat area of supply . On the 4h currently the price is also going in an uptrend an dojis near the gray area of demand proof that the demand exists there, however...
Personally i sold this pair not long ago.

Attached Image (click to enlarge)
Click to Enlarge Name: asd.png Size: 53 KB


The Dojis is not a demand area since it is too weak and have yet to take out any supply area at the time when you bought the market.

- Less time spent on zone = good zone
- Good departure off zone = good zone
- More then 6 base candles = Invalid zone
- Many wicks & tails = not a good zone
(Based on my own knowledge on Supply and Demand)

Hope this helps

As for your your view on EUR/USD
Yes , there's a possible short trade there but i'm really unsure if i would trade that since on the daily + monthly its a broken downtrend. Afraid it might reverse upwards, Just my own thoughts and rules to follow!
The only person you are destined to become is the person you decide to be.
  • #7,884
  • Jul 29, 2016 12:57am Jul 29, 2016 12:57am
Hi all can someone help me what indicator that show a white dot to the basing candle?
  • #7,885
  • Jul 29, 2016 1:24am Jul 29, 2016 1:24am
Quoting LexLuthor
Hi all can someone help me what indicator that show a white dot to the basing candle?
That's the rectangle reader indicator, there is an option called basing that should be enabled, else you don't have the latest version. This option has been there for 2 years or more!

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,886
  • Jul 29, 2016 7:24am Jul 29, 2016 7:24am
Quoting panoramia
{quote} That's the rectangle reader indicator, there is an option called basing that should be enabled, else you don't have the latest version. This option has been there for 2 years or more! Cheers, Alfonso
thx very much Al!

Cheers, Lex
  • #7,887
  • Aug 1, 2016 11:28am Aug 1, 2016 11:28am
hi mr alfonso
what you think about this pair and this trade?
thank you mr alfonso.
Attached Image (click to enlarge)
Click to Enlarge Name: USDTRYDaily.png Size: 51 KB
  • #7,888
  • Aug 2, 2016 12:08am Aug 2, 2016 12:08am
Quoting ronentn
hi mr alfonso what you think about this pair and this trade? thank you mr alfonso. {image}
Looking to go long lower at daily and weekly demand level on USDTRY. That level has nice 20 EMA confluence but it's a high wave candle, not used for bases, confirmation for longs needed.

Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #7,889
  • Aug 2, 2016 12:12am Aug 2, 2016 12:12am
ok,thanks for your opinion
yes the lower one is alow risk
thank you mr alfonso
good day.
  • #7,890
  • Aug 2, 2016 8:16am Aug 2, 2016 8:16am
Hello, I am completely new to supply and demand and am just ready to practice drawing levels after watching videos. I have a couple of questions

1. How do you make a set and forget entry.
2. When do you make a set and forget entry on a trend and in a sideways market ( eg. when I see a large move do I set after that big move)

3. How do you make a confirmation entry
4. When to use a confirmation entry in trend or side ways.


As I am learning to draw the levels I hear "this level is tradeable" I just dont know how.

Id appreciate assistance and/ or other suggested resources to figure this out.
  • #7,891
  • Aug 2, 2016 11:35am Aug 2, 2016 11:35am
Quoting evolvethink
Hello, I am completely new to supply and demand and am just ready to practice drawing levels after watching videos. I have a couple of questions 1. How do you make a set and forget entry. 2. When do you make a set and forget entry on a trend and in a sideways market ( eg. when I see a large move do I set after that big move) 3. How do you make a confirmation entry 4. When to use a confirmation entry in trend or side ways. As I am learning to draw the levels I hear "this level is tradeable" I just dont know how. Id appreciate assistance and/ or other...
Pretty sure you can find answers on first post for questions 1 , 3. Just CTRL+F "confirmation" and you'll find it. As for questions 2 , 4. Im also quite curious on how to trade a sideway market.
The only person you are destined to become is the person you decide to be.
  • #7,892
  • Aug 2, 2016 11:37am Aug 2, 2016 11:37am
the simple answer to the sideways question is this.

If it does not look obvious move onto another pair, there is not point in trying to guess when you can move onto a pair that is more obvious in its trend.
  • #7,893
  • Aug 4, 2016 12:03am Aug 4, 2016 12:03am
Quoting evolvethink
Hello, I am completely new to supply and demand and am just ready to practice drawing levels after watching videos. I have a couple of questions 1. How do you make a set and forget entry. 2. When do you make a set and forget entry on a trend and in a sideways market ( eg. when I see a large move do I set after that big move) 3. How do you make a confirmation entry 4. When to use a confirmation entry in trend or side ways. As I am learning to draw the levels I hear "this level is tradeable" I just dont know how. Id appreciate assistance and/ or other...
Hello, you will find those answers by reading the first post and the thread, as well as watching some videos. You must do your homework

Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #7,894
  • Aug 5, 2016 12:30am Aug 5, 2016 12:30am
Hi Alfonso,
I just plant a sell limit order at NZDUSD. Do I get the right zones at my NZDUSD chart?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 42 KB
  • #7,895
  • Aug 5, 2016 2:38am Aug 5, 2016 2:38am
Quoting LexLuthor
Hi Alfonso, I just plant a sell limit order at NZDUSD. Do I get the right zones at my NZDUSD chart? {image}
Was actually waiting for this trade to happen on the daily but guess what. 3pips. missed it by 3 pips. LOL

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 63 KB
The only person you are destined to become is the person you decide to be.
  • #7,896
  • Aug 5, 2016 2:54am Aug 5, 2016 2:54am
Quoting isaacpeh
{quote} Was actually waiting for this trade to happen on the daily but guess what. 3pips. missed it by 3 pips. LOL {image}
LOL. I try to take sell at H4 timeframe supply area because daily make lower high.
  • #7,897
  • Aug 5, 2016 3:05am Aug 5, 2016 3:05am
This is my view on NZDUSD: daily is UP....so i prefere SHORT @ demand daily .7275.........
Attached Image (click to enlarge)
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  • #7,898
  • Aug 5, 2016 5:48am Aug 5, 2016 5:48am
Wow missed by 7 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 42 KB
  • #7,899
  • Aug 5, 2016 6:05am Aug 5, 2016 6:05am
Lost 2 trades today Total of -140 pips. Anyone see where i went wrong?

AUD/CAD :
Reason for trade : Monthly Down / Weekly Down / Daily Down / Price at weekly supply zone / Bought on Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 81 KB


AUD/USD
Reason for trade : Monthly Down (at MN supply zone) / Weekly Up (at WK supply zone) / Daily Up (at D1 supply zone) / Bought on Daily.
Maybe SL was too tight
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled2.png Size: 63 KB
The only person you are destined to become is the person you decide to be.
  • #7,900
  • Aug 5, 2016 7:10am Aug 5, 2016 7:10am
Quoting isaacpeh
Lost 2 trades today Total of -140 pips. Anyone see where i went wrong? AUD/CAD : Reason for trade : Monthly Down / Weekly Down / Daily Down / Price at weekly supply zone / Bought on Weekly {image} AUD/USD Reason for trade : Monthly Down (at MN supply zone) / Weekly Up (at WK supply zone) / Daily Up (at D1 supply zone) / Bought on Daily. Maybe SL was too tight {image}
That AUDUSD you should cover the highest wick bro. And place your SL a couple pips above that
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