Supply and demand in a nutshell by Alfonso Moreno | Page 403 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #8,041
  • Oct 11, 2016 6:59am Oct 11, 2016 6:59am
Quoting SweetPapaya
{quote} I mean USD.SGD Weekly precisely. Could I ask you to draw the levels on USD.SGD Weekly timeframe as you see them right now? Would answer my questions, hopefully. P.S. Sorry, in the first post I meant to ask if that is a valid Supply zone, not Demand zone. Richard
Can you please try yourself?
Set and Forget supply and demand trading community
  • #8,042
  • Oct 11, 2016 7:00am Oct 11, 2016 7:00am
Quoting ronentn
Hi Alfonso The graph touched a six-month demand still look for a shorting it?
Are you using 6 months demand levels for your entries? I don't. If you use them then your plan could be different.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,043
  • Oct 11, 2016 7:13am Oct 11, 2016 7:13am
But we usually pair analysis check where it came from monthly demand price Weekly sometimes three months or six months is not it? If the same situation, the price would come from monthly demand was still waiting for a shorting areas you marked?
Thank you for your answers.
  • #8,044
  • Oct 11, 2016 10:49am Oct 11, 2016 10:49am
Quoting ronentn
But we usually pair analysis check where it came from monthly demand price Weekly sometimes three months or six months is not it? If the same situation, the price would come from monthly demand was still waiting for a shorting areas you marked? Thank you for your answers.
There are rules for that, it all depends on the timeframe sequence that you are using my friend. Apply your sequence and follow the rules, forget about other timeframes.
Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,045
  • Oct 11, 2016 11:12am Oct 11, 2016 11:12am
my Chart
EUR/USD D1
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  • #8,046
  • Oct 11, 2016 11:15am Oct 11, 2016 11:15am
AUD/USD
MN / W1 / D1 Chart
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  • #8,047
  • Oct 11, 2016 3:56pm Oct 11, 2016 3:56pm
Quoting panoramia
{quote} Can you please try yourself?
These are my levels. But as I wrote you in previous post, I'm not sure if that is a valid supply zone (please see picture). The pin bar / inverted hammer or call it how you want, but is this a good supply zone as per the rules? I mean the price has not really consolidated away from it, am I right or I don't understand something with this particular rule? Why I say that it has not consolidated away is due to the next candle (blue, 20/03/2016), which has closed right back into the level. Am I right?


Richard
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  • #8,048
  • Oct 12, 2016 3:21am Oct 12, 2016 3:21am
New daily demand zone being created on USDCHF around 0.9807 for longs with monthly and weekly demand in control

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

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Set and Forget supply and demand trading community
  • #8,049
  • Oct 12, 2016 3:27am Oct 12, 2016 3:27am
Quoting draugas2
AUD/USD MN / W1 / D1 Chart {image}
Yes, level took out yellow demand on left, more like a level on top of level, actually 2 demand levels are taken out

http://prntscr.com/cstv55
  • #8,050
  • Oct 12, 2016 3:48am Oct 12, 2016 3:48am
Quoting SweetPapaya
{quote} These are my levels. But as I wrote you in previous post, I'm not sure if that is a valid supply zone (please see picture). The pin bar / inverted hammer or call it how you want, but is this a good supply zone as per the rules? I mean the price has not really consolidated away from it, am I right or I don't understand something with this particular rule? Why I say that it has not consolidated away is due to the next candle (blue, 20/03/2016), which has closed right back into the level. Am I right? Richard {image}
Richard, I think that a fellow trader already replied to you, that's actually a supply level.
Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #8,051
  • Edited 4:36am Oct 12, 2016 3:50am | Edited 4:36am
Quoting draugas2
my Chart EUR/USD D1 {image}
Hello Draugas,

Glad you are short on EURUSD and AUDUSD but there are no valid shorts as per the rules in the way you drew lines and zones. Besides, you just posted the chart without a single explanation, just showing that you took shorts but not reason why you took them. You are showing us your trades and that's all, it helps nobody that you post your charts because you do not do any top down analysis or explain why you entered short on those two currency pairs.

It's great to show us that you are short, but post your analysis, even better post your trade analysis BEFORE the trade is taken and then when it's taken. Posting an after the fact chart with no analysis is not of much help. Look at my posts, trades are posted before the fact, not after the fact.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,052
  • Oct 12, 2016 5:56am Oct 12, 2016 5:56am
Quoting panoramia
New daily demand zone being created on USDCHF around 0.9807 for longs with monthly and weekly demand in control Cheers, Alfonso www.set-and-forget.com {image}
Dear Alfonso
I wanted to ask you, Should there be W1 Supply, if not, why not ??
best regards
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  • #8,053
  • Oct 12, 2016 8:04am Oct 12, 2016 8:04am
Quoting draugas2
{quote} Dear Alfonso I wanted to ask you, Should there be W1 Supply, if not, why not ?? best regards {image}
There are rules for supply zones to be created. Instead of answering your questions, can you please tell me why that one you drew should be supply? Cheers
Set and Forget supply and demand trading community
  • #8,054
  • Oct 12, 2016 8:40am Oct 12, 2016 8:40am
Quoting panoramia
{quote} There are rules for supply zones to be created. Instead of answering your questions, can you please tell me why that one you drew should be supply? Cheers
I'm thinking may occur
(1) Example: Triple Top Formation reversal pattern
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  • #8,055
  • Oct 12, 2016 9:46am Oct 12, 2016 9:46am
Quoting draugas2
{quote} I'm thinking may occur (1) Example: Triple Top Formation reversal pattern {image}
Rules do not contemplate triple top or any other kind of patterns formations, we don't need them. Read the posts, triple tops or any other pattern is mentioned. So you can't use that to locate imbalances my friend, you are letting previous knowledge to influence on your supply and demand trading decisions, up to you, but don't post charts based on those analysis because they won't be following the rules. Things are easier than that. Don't add resistance, necklines, crabs or butterflies, or the whole zoo, they will only confuse you.

Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #8,056
  • Edited 1:40pm Oct 12, 2016 10:36am | Edited 1:40pm
Quoting panoramia
{quote} Rules do not contemplate triple top or any other kind of patterns formations, we don't need them. Read the posts, triple tops or any other pattern is mentioned. So you can't use that to locate imbalances my friend, you are letting previous knowledge to influence on your supply and demand trading decisions, up to you, but don't post charts based on those analysis because they won't be following the rules. Things are easier than that. Don't add resistance, necklines, crabs or butterflies, or the whole zoo, they will only confuse you. Cheers,...
Example: (2) twice the price pullback, this confirms supply Zone ??!!

Quoting draugas2
{quote} Example: (2) twice the price pullback, this confirms supply Zone ??!! {image}
Example: (3)
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  • #8,057
  • Oct 12, 2016 12:13pm Oct 12, 2016 12:13pm
Quoting panoramia
{quote} Rules do not contemplate triple top or any other kind of patterns formations, we don't need them. Read the posts, triple tops or any other pattern is mentioned. So you can't use that to locate imbalances my friend, you are letting previous knowledge to influence on your supply and demand trading decisions, up to you, but don't post charts based on those analysis because they won't be following the rules. Things are easier than that. Don't add resistance, necklines, crabs or butterflies, or the whole zoo, they will only confuse you. Cheers,...
Ok
Dear Alfonso
Upload your chart of EUR / USD : MM / W1 / D1, please
best regards
  • #8,058
  • Oct 13, 2016 1:27am Oct 13, 2016 1:27am
Got a new Surface 4 Tablet, this is the background I have on it now A Nifty Bank supply and demand trading analysis Very happy with the device, perfect for trading off site and travelling.

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

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Set and Forget supply and demand trading community
  • #8,059
  • Oct 13, 2016 6:20am Oct 13, 2016 6:20am
i remembered a joke
Holmes and Watson are flying in a balloon. And sleep in flight. Wake up on some strange land, see - at the bottom of some guy cows graze.
Decreased they asked the guy:
- Tell me, sir, where are we?
- On the air balloon.
- Thank you sir! - And fly up. Holmes says thoughtfully:
- An interesting area, Watson! Programmer herding cows!
- Holmes, and why you think that he is a programmer?
- It's elementary! First, he had long thought about the answer. Secondly, his response was absolutely accurate.
And thirdly - is absolutely useless!
  • #8,060
  • Oct 13, 2016 3:56pm Oct 13, 2016 3:56pm
Hello Alfonso,

I have a question regarding your MM. I recall that in one of your videos on Youtube you talk about the trades that you take on a Daily TF and others that you take on a 4H TF on 2 separate accounts.
How would you manage your MM in such case? Do you give the same '€/% risk weight' to every trade independant of the TF you take the trade off, with much bigger stops and smaller lot sizes on the Daily TF trades?
Right now I risk x% / trade on the 4H. Depending of stop size, the #lots can be modified.

Thanks for your input, I have no clear view on this.

Minosd
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