Supply and demand in a nutshell by Alfonso Moreno | Page 414 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #8,261
  • Jan 17, 2017 3:21am Jan 17, 2017 3:21am
Quoting Michele86
Hi Alfonso, what do you mean about audusd? Price broken daily supply level in clear downtrend from the big picture. It is standard loss or was wrong to set and forget? Thanks
This trade on AUDUSD was updated in the community last week, it was a no trade since Monthly and Weekly demand were in control. Glad we did, it would have been a loss. Find attached what was posted in the set and forget community.

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

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 267 KB
Set and Forget supply and demand trading community
  • #8,262
  • Jan 17, 2017 9:30am Jan 17, 2017 9:30am
Quoting panoramia
{quote} Maxpro is a trader from Vietnam who has copied some of my ideas and concepts and created his own tool. He's being taken care of. It's funny how some traders take other's ideas and create tools to sell others when they don't even know what they are doing since they are programmers and not traders, moreover they don't have the experience to trade what they create. I draw all the supply and demand imbalances manually, in the past I've built a complex tool to draw them automatically but I am drawing them manually. In my humble opinion...
Thanks alfonso for you quick response.
  • #8,263
  • Jan 17, 2017 11:06am Jan 17, 2017 11:06am
Quoting panoramia
{quote} This trade on AUDUSD was updated in the community last week, it was a no trade since Monthly and Weekly demand were in control. Glad we did, it would have been a loss. Find attached what was posted in the set and forget community. Cheers, Alfonso www.set-and-forget.com Screenshot1.png;2143163 {image}
Alfonso,

isnt't it NZD.USD Daily chart?
  • #8,264
  • Jan 18, 2017 2:29am Jan 18, 2017 2:29am
Quoting SweetPapaya
{quote} Alfonso, isnt't it NZD.USD Daily chart?
I doubled check it, it's AUDUSD daily chart and not NZDUSD. NZDUSD has a similar scenario though.
Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
  • #8,265
  • Jan 18, 2017 2:30am Jan 18, 2017 2:30am
Dow Jones Industrial Average Index formed two new weekly demand levels, last one around 19223. Clear bigger picture long bias. All time highs are being made by these new weekly demand imbalances, there is no reason to go short Long bias a valid weekly and daily demand zones.

Dow Jones supply and demand technical analysis

Cheers,
Alfonso
Attached Image (click to enlarge)
Click to Enlarge Name: dowjones_weekly_demand_level.png Size: 59 KB
Set and Forget supply and demand trading community
  • #8,266
  • Jan 22, 2017 4:46pm Jan 22, 2017 4:46pm
Hi Alfonso. What is that drawing tool you use in your video?
Thank you.
  • #8,267
  • Jan 23, 2017 5:43am Jan 23, 2017 5:43am
Quoting conom589
Hi Alfonso. What is that drawing tool you use in your video? Thank you.
Drawing tool? I guess you are referring to the screen presentation tool, it's called presentation assistant.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,268
  • Jan 25, 2017 2:34am Jan 25, 2017 2:34am
Facebook US Stock monthly demand level in control, longs at daily demand zones. Potential zones being created higher. Previous daily demand around 116 played out nicely. Monthly is in a clear uptrend respecting monthly demand zones and eliminating supply levels, long bias at new weekly and demand demand levels.

Nasdaq US index is making all time highs, lots of demand levels being created on so many stocks.

Facebook Supply and demand trading analysis
Cheers,
Alfonso

Attached Image (click to enlarge)
Click to Enlarge Name: facebook_long_demand_level_setup.png Size: 102 KB
Set and Forget supply and demand trading community
  • #8,269
  • Jan 25, 2017 8:00am Jan 25, 2017 8:00am
We talk about this one a week or so ago. Is this one just a trade that it did not work , ?

Attached Image (click to enlarge)
Click to Enlarge Name: audnzdmicro-d1-trading-point-of-2.png Size: 49 KB
  • #8,270
  • Jan 25, 2017 2:19pm Jan 25, 2017 2:19pm
Quoting relaxtrading
We talk about this one a week or so ago. Is this one just a trade that it did not work , ? audnzdmicro-d1-trading-point-of-2.png;2155552 {image}
A single chart is not enough to make a trading decision and evaluate what could have gone wrong sorry. That demand you drew is not demand, it accomplished nothing.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,271
  • Jan 25, 2017 2:30pm Jan 25, 2017 2:30pm
Quoting panoramia
{quote} A single chart is not enough to make a trading decision and evaluate what could have gone wrong sorry. That demand you drew is not demand, it accomplished nothing. Cheers, Alfonso
Hello Alfonoso, why is not demand? I think that broken trendline. Structure of base with lot of wicks is not good quality to enter countertrade.
  • #8,272
  • Jan 25, 2017 3:05pm Jan 25, 2017 3:05pm
Quoting Michele86
{quote} Hello Alfonoso, why is not demand? I think that broken trendline. Structure of base with lot of wicks is not good quality to enter countertrade.
It accomplished nothing, didn't take out any supply, basing is poor and departure is poor. Cheers
Set and Forget supply and demand trading community
  • #8,273
  • Jan 26, 2017 1:37am Jan 26, 2017 1:37am
Would you explain why this trade isn't a good entry ? Thanks


Attached Image (click to enlarge)
Click to Enlarge Name: audnzdmicro-d1-trading-point-of (1)222.png Size: 54 KB
  • #8,274
  • Jan 26, 2017 2:51am Jan 26, 2017 2:51am
Hi Relax Trading

My experience, is to always post charts showing your multi time analysis, rather than only 1 chart, e.g in your example you only posted daily chart, please show monthly and weekly so that we can get the whole picture.

You might find that the was a conflict between 3 multi frame time charts e.g monthly going down, weekly in consolidation and u wanted to take long on daily chart.

I will let Alfonso and/or other senior traders comment, as well.

Kind Regards

Abzozo1
  • #8,275
  • Jan 26, 2017 3:11am Jan 26, 2017 3:11am
This is the weekly that it doesn't look too good

Attached Image (click to enlarge)
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  • #8,276
  • Jan 26, 2017 3:16am Jan 26, 2017 3:16am
This is the monthly.

Thanks Abzozo1

Attached Image (click to enlarge)
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  • #8,277
  • Jan 26, 2017 3:19am Jan 26, 2017 3:19am
Quoting relaxtrading
Would you explain why this trade isn't a good entry ? Thanks audnzdmicro-d1-trading-point-of (1)222.png;2157149 {image}
Hi, zone has lot of wicks bad quality... Daily trendline broken also i can not trade in uptrend and you must wait at bigger timefrae demand for confirmation entry. In this pair is monthly, weekly consolidation, monthly downtrend..this trade was countertrend with very low odds.
  • #8,278
  • Jan 27, 2017 10:31am Jan 27, 2017 10:31am
On monthly Demand combo...many a time happens that the price never reach to demand level and continue to make a higher highs.... what we can do to enter in such trending moves? 
 
  • #8,279
  • Jan 28, 2017 5:04am Jan 28, 2017 5:04am
Quoting Deepbl6u
On monthly Demand combo...many a time happens that the price never reach to demand level and continue to make a higher highs.... what we can do to enter in such trending moves? Â
Wait for new imbalances to be created. Cheers, Alfonso
Set and Forget supply and demand trading community
  • #8,280
  • Jan 28, 2017 5:05am Jan 28, 2017 5:05am
As mentioned in a previous analysis, Nifty was reacting to monthly demand therefore buy daily imbalances. Two new daily demand levels on Nifty index to go long at. 8400 and lower at the origin of the move around 8000.

Nifty index supply and demand daily analysis

Cheers,
Alfonso

Attached Image (click to enlarge)
Click to Enlarge Name: nifty_index_demand_level.png Size: 95 KB
Set and Forget supply and demand trading community
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