Supply and demand in a nutshell by Alfonso Moreno | Page 396 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #7,901
  • Edited 9:32am Aug 5, 2016 9:10am | Edited 9:32am
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}

Hi,

MN is consolidation
Attached Image

WK is UP, taken out supply zone make new demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 33 KB

GO LONG......


thanks
from loser to be hero
  • #7,902
  • Aug 5, 2016 9:53am Aug 5, 2016 9:53am
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}
Did you buy Aud/Usd?
  • #7,903
  • Aug 5, 2016 9:59am Aug 5, 2016 9:59am
Quoting Robski
{quote} Did you buy Aud/Usd?
Sold both
The only person you are destined to become is the person you decide to be.
  • #7,904
  • Aug 5, 2016 10:08am Aug 5, 2016 10:08am
Quoting rio cyrano
{quote} Hi, MN is consolidation {image} WK is UP, taken out supply zone make new demand zone. {image} GO LONG...... thanks
Thanks for your explanation!

I personally see weekly and Monthly as a broken Downtrend.
Now that the price already just retested a monthly supply for the 3rd time and a weekly and daily supply twice , i wonder if price will still head up or down

Maybe i should've waited for price to hit the monthly supply and a weekly supply within the monthly before i shorted! Do let me know if any of this is wrong!

Quoting LexLuthor
{quote} That AUDUSD you should cover the highest wick bro. And place your SL a couple pips above that
Yes i just realised so maybe my SL was really too tight! price actually went back down as of now, ugh.
The only person you are destined to become is the person you decide to be.
  • #7,905
  • Aug 5, 2016 11:53am Aug 5, 2016 11:53am
Quoting LexLuthor
Hi Alfonso, I just plant a sell limit order at NZDUSD. Do I get the right zones at my NZDUSD chart? {image}
Same here my friend. But price fell short of retracing to that H4 supply level and dropped like a rock. Missed it!
Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,906
  • Aug 7, 2016 10:02am Aug 7, 2016 10:02am
USDCAD is creating new bullish engulfing patterns on daily and weekly chart, bouncing off monthly demand zone. New H4 demand level around 1.3043. Long bias.

Cheers,
Alfonso
www.set-and-forget.com
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 439 KB
Set and Forget supply and demand trading community
  • #7,907
  • Aug 8, 2016 5:34am Aug 8, 2016 5:34am
Quoting panoramia
USDCAD is creating new bullish engulfing patterns on daily and weekly chart, bouncing off monthly demand zone. New H4 demand level around 1.3043. Long bias. Cheers, Alfonso www.set-and-forget.com {image}
Hi Al my friend,
USDCAD after hit daily supply zone it made a lower low at daily timeframe, still ok to go long?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 47 KB
  • #7,908
  • Aug 8, 2016 10:44am Aug 8, 2016 10:44am
Quoting LexLuthor
{quote} Hi Al my friend, USDCAD after hit daily supply zone it made a lower low at daily timeframe, still ok to go long? {image}
Long bias on new demand zones on USDCAD. You have drawn some demand zones that are not demand on your daily chart.

Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #7,909
  • Edited 1:09am Aug 9, 2016 12:47am | Edited 1:09am
Little confused on this chart.

MN Down / WK Down / Daily Broken Down / H4 Down

If Daily DZ is in control , but H4 Supply is being hit.
Shorts or Long bias?

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


H4:
Attached Image (click to enlarge)
Click to Enlarge Name: H4.png Size: 52 KB


Im aware there are alot of "conditions" on SD. Lots of IF & THENS.
example : Compressed DZ will tend NOT to affect SZ in control if TL is down.
IF LTF DZ is about to be hit but HTF Down TL seems to be respected , do not go longs. etc...

I've been trying to gather lots of these informations from videos posted by panoramia ,but seems endless, every video there will be a new "condition" being shown!
Maybe all these are just "commen sense" , who knows

Another question:
IF , MN TL is down / WK & D1 is up. But all 3 are at SZ. Possible to go Shorts?
Based on a true story. Our dear AUD/USD
The only person you are destined to become is the person you decide to be.
  • #7,910
  • Aug 9, 2016 4:08am Aug 9, 2016 4:08am
Quoting panoramia
{quote} Long bias on new demand zones on USDCAD. You have drawn some demand zones that are not demand on your daily chart. Cheers, Alfonso www.set-and-forget.com
Thank Mr. Alfonso for your correction.
  • #7,911
  • Aug 9, 2016 4:54am Aug 9, 2016 4:54am
Hi everybody,

The only way I will learn is through constructive criticism.. Question - is this not a daily supply area on USDCAD?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad daily.PNG Size: 47 KB
  • #7,912
  • Aug 9, 2016 5:23am Aug 9, 2016 5:23am
Quoting isaacpeh
Little confused on this chart. MN Down / WK Down / Daily Broken Down / H4 Down If Daily DZ is in control , but H4 Supply is being hit. Shorts or Long bias? Daily: {image} H4: {image} Im aware there are alot of "conditions" on SD. Lots of IF & THENS. example : Compressed DZ will tend NOT to affect SZ in control if TL is down. IF LTF DZ is about to be hit but HTF Down TL seems to be respected , do not go longs. etc... I've been trying to gather lots of these informations from videos posted by panoramia ,but seems endless, every video there will be...
Hi isaacpeh,
I think at 4H chart it is not a supply area since it did'nt take ane demand zone out.

And I want any suggestion from you all at my GBPUSD daily chart, do I draw a correct demand zone?
I plant a trade there since GBPUSD drop so long I think it may go up from there.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 46 KB
  • #7,913
  • Aug 9, 2016 6:28am Aug 9, 2016 6:28am
Hi Alfonso,

Let me know if it's ok with you for me to post some of my charts here?

As you know, my charts are also about Supply and Demand.

Cheers,


Jack
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #7,914
  • Aug 9, 2016 8:42am Aug 9, 2016 8:42am
Quoting Forexbeaver
Hi everybody, The only way I will learn is through constructive criticism.. Question - is this not a daily supply area on USDCAD? {image}
no it's not because it hasn't remove any demand area & broke trendline
  • #7,915
  • Aug 9, 2016 2:09pm Aug 9, 2016 2:09pm
Thanks LexLuthor!
  • #7,916
  • Aug 9, 2016 7:25pm Aug 9, 2016 7:25pm
Quoting jackeollio
Hi Alfonso, Let me know if it's ok with you for me to post some of my charts here? As you know, my charts are also about Supply and Demand. Cheers, Jack
Jack, you can post your charts if you follow the rules, that is H4 charts and higher and no indicators, just rectangles (imbalances) and trendlines as per the rules.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,917
  • Aug 9, 2016 7:26pm Aug 9, 2016 7:26pm
Quoting Forexbeaver
Hi everybody, The only way I will learn is through constructive criticism.. Question - is this not a daily supply area on USDCAD? {image}
Let me ask you about that USDCAD supply on the daily chart? What has it accomplished in order to be supply?
Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #7,918
  • Edited Aug 10, 2016 12:43am Aug 9, 2016 11:45pm | Edited Aug 10, 2016 12:43am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdd1.PNG Size: 63 KB

hi LexLuthor,

this is my view on gbp,
passion and discipline
  • #7,919
  • Aug 9, 2016 11:56pm Aug 9, 2016 11:56pm
Quoting rohule
hi LexLuthor, this is my view on gbp, {image}
Thank you, so supply in control right?
  • #7,920
  • Aug 10, 2016 12:19am Aug 10, 2016 12:19am
I looked the left to see what it did on previous occassions.. and it retested that "supply area" I marked.

I do understand that the trendline has not been broken and the previous demand level as well.

As I type it is busy testing the current demand level now again.
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