Supply and demand in a nutshell by Alfonso Moreno | Page 409 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #8,161
  • Dec 27, 2016 1:11am Dec 27, 2016 1:11am
Quoting panoramia
New daily supply zones at 0.71760 and 0.7339. NZDUSD has been dropping non-stop since monthly supply level gained control a few weeks ago. Monthly supply level is in control, weekly is in a clear downtrend and new levels of supply being created on the daily and lower timeframes. Short bias, lots of room to keep on dropping to counter-trend last daily demand zone around 0.67. Cheers, Alfonso Supply and demand trading analysis blog {image}
Hi Alfonso, CP pattern above daily demand is not valid demand? Thanks.
  • #8,162
  • Dec 27, 2016 2:15am Dec 27, 2016 2:15am
Quoting panoramia
... Cheers, Alfonso Supply and demand trading analysis blog {image}
Alfonso, what is purpose of those red mid points on candle, do you use them in trading, if yes how?

Thank you
  • #8,163
  • Dec 27, 2016 6:53am Dec 27, 2016 6:53am
Quoting Michele86
{quote} Hi Alfonso, CP pattern above daily demand is not valid demand? Thanks.
Please upload a chart and draw the demand level you are referring to. Cheers
Set and Forget supply and demand trading community
  • #8,164
  • Dec 27, 2016 6:54am Dec 27, 2016 6:54am
Quoting ruma29
{quote} Alfonso, what is purpose of those red mid points on candle, do you use them in trading, if yes how? Thank you
Those red dots are on 50℅ basing candles.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,165
  • Dec 27, 2016 7:07am Dec 27, 2016 7:07am
Quoting panoramia
{quote} Please upload a chart and draw the demand level you are referring to. Cheers
Ok...thanks.
Attached Image (click to enlarge)
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  • #8,166
  • Dec 27, 2016 7:24am Dec 27, 2016 7:24am
Quoting Michele86
{quote} Ok...thanks. {image}
That is a counter trend demand level that took out a supply zone to the left, lower odds. Cheers
Set and Forget supply and demand trading community
  • #8,167
  • Dec 27, 2016 8:42am Dec 27, 2016 8:42am
Quoting panoramia
{quote} Those red dots are on 50℅ basing candles. Cheers, Alfonso
OK, mid point or 50% is same thing but how do you use it in trading ...they are there with reason for trading? Interpretation for trading?
  • #8,168
  • Dec 27, 2016 10:30pm Dec 27, 2016 10:30pm
Quoting ruma29
{quote} OK, mid point or 50% is same thing but how do you use it in trading ...they are there with reason for trading? Interpretation for trading?
You must read the rules my friend, there are very specific reasons to use them. I just can't repeat the same thing over and over You must do your homework. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #8,169
  • Dec 27, 2016 10:53pm Dec 27, 2016 10:53pm
Russell 2000 US index long bias, new weekly and monthly demand zones being created and making all time highs. Long bias at Weekly demand around 1342 and lower timeframes areas of demand, D1 and H4.

Cheers,
Alfonso
Supply and demand trading analysis blog

Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #8,170
  • Dec 28, 2016 10:50pm Dec 28, 2016 10:50pm
Brent Crude Oil UKOIL is trying to break higher. Monthly, weekly and daily timeframes are in a clear uptrend with new demand levels being created and supply levels eliminated.

Daily demand at 5384 holding. New daily demand zone could be created if the highs at 57.47 are broken. There is another opportunity to go long at lower daily demand zone around 48 if price retraces down there. It does not seem very likely right now with current price action.

Cheers,
Alfonso
Crude Oil UK OIL supply and demand trading analysis blog

Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #8,171
  • Dec 29, 2016 7:27am Dec 29, 2016 7:27am
Quoting panoramia
{quote} You must read the rules my friend, there are very specific reasons to use them. I just can't repeat the same thing over and over You must do your homework. Cheers, Alfonso
No problem, I will do so
  • #8,172
  • Dec 30, 2016 12:35am Dec 30, 2016 12:35am
Strong daily demand level on USDNOK at 8.45. Looks like price is not retracing to the imbalance and will create a Daily bullish pin candle at the end of the day. Long bias with new daily and weekly demand levels being created in a bigger picture uptrend.

Cheers,
Alfonso
USDNOK supply and demand trading analysis blog

Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #8,173
  • Dec 31, 2016 1:43am Dec 31, 2016 1:43am
Merry Xmas and a happy new year to everyone. Hope you are having a great holidays with your family and friends.

On holidays for a couple of weeks on Tenerife island, Canary Islands. I just wanted to share with you a photo I took last evening right at the sunset, view onto Teide volcano, I just can't explain how beautiful colors were, this photo has been taken with a drone, the photo is not retouched, it's been uploaded directly from the SD card.

As many of you know, I'm also a photographer, it's one of my biggest passions. I've created a new Instagram account for those who would like to see what I do, I am mostly shooting timelapse photography from the places I travel around the world, and now aerial photography. If you would like to know what I do, please follow me at https://www.instagram.com/letstimelapse/

I wish you all the best for the new year, don't hesitate to ask any questions you have, I will be glad to answer them.
Happy new year!
Alfonso
www.set-and-forget

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Set and Forget supply and demand trading community
  • #8,174
  • Dec 31, 2016 2:42am Dec 31, 2016 2:42am
hi mr alfonso
i am in this trade
is it a good chance and what is th trget
thank you.
Attached Image (click to enlarge)
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  • #8,175
  • Dec 31, 2016 2:56am Dec 31, 2016 2:56am
Quoting youcef4787
hi mr alfonso i am in this trade is it a good chance and what is th trget thank you. {image}
Hi, can i write my opinion about your trade...last two peaks are zone that you shorted and high above, this is last trendline thas has been broken full of candles, also rules said that is possible out level and you must wait for confirmation entry. But you trade ia lucky. You can short out of entry trendline when daily supply zone in a weekly supply zone and trend weekly is not broken.
  • #8,176
  • Dec 31, 2016 3:22am Dec 31, 2016 3:22am
Quoting Michele86
{quote} Hi, can i write my opinion about your trade...last two peaks are zone that you shorted and high above, this is last trendline thas has been broken full of candles, also rules said that is possible out level and you must wait for confirmation entry. But you trade ia lucky. You can short out of entry trendline when daily supply zone in a weekly supply zone and trend weekly is not broken.
thank you for your opinion it is very logical
but the trend i draw it like mr alfonso
http://www.set-and-forget.com/forex-...-supply-zones/
  • #8,177
  • Dec 31, 2016 3:27am Dec 31, 2016 3:27am
Quoting youcef4787
{quote} thank you for your opinion it is very logical but the trend i draw it like mr alfonso http://www.set-and-forget.com/forex-...-supply-zones/
I saw this...http://www.set-and-forget.com/weekly...december-2016/
  • #8,178
  • Dec 31, 2016 3:37am Dec 31, 2016 3:37am
Quoting Michele86
{quote} I saw this...http://www.set-and-forget.com/weekly...december-2016/
so can you give me the best way to close this trade
  • #8,179
  • Dec 31, 2016 3:57am Dec 31, 2016 3:57am
Quoting youcef4787
{quote} so can you give me the best way to close this trade
I dont know what is your plan...you can close trade nearest demand or flip zone like support or close half of position and half let in run to rise your profit broke that lows.
  • #8,180
  • Dec 31, 2016 3:58am Dec 31, 2016 3:58am
Quoting Michele86
{quote} I dont know what is your plan...you can close trade nearest demand or flip zone like support or close half of position and half let in run to rise your profit broke that lows.
thank you
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