Supply and demand in a nutshell by Alfonso Moreno | Page 415 | Forex Factory

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Supply and demand in a nutshell by Alfonso Moreno

  • #8,281
  • Jan 28, 2017 3:54am Jan 28, 2017 3:54am
Quoting panoramia
{quote} Wait for new imbalances to be created. Cheers, Alfonso
I understand that we have not to chase trade. but we miss many entries as well.
  • #8,282
  • Jan 28, 2017 5:44am Jan 28, 2017 5:44am
Quoting Deepbl6u
{quote} I understand that we have not to chase trade. but we miss many entries as well.
Missing trades is part of the game my friend You will be missing hundreds and hundreds of them in your trading career

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,283
  • Jan 28, 2017 10:05am Jan 28, 2017 10:05am
Quoting panoramia
{quote} Missing trades is part of the game my friend You will be missing hundreds and hundreds of them in your trading career Cheers, Alfonso
i love your kind words....My friend... 
  • #8,284
  • Jan 29, 2017 7:43am Jan 29, 2017 7:43am
Hello Alfonso and friends, here's my top down analysis of GBPAUD, correct me if i'm wrong. (Question at the bottom)

Attached Image (click to enlarge)
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Monthly is down, created CP supply zone at 7392, base is not good, too wicky, but departure is good, got 2 ERC candle with 2:1 imbalances. Price fell short of hitting that area.

Attached Image (click to enlarge)
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Weekly trendline has been broken, created demand zone at 6113, short is not allowed unless we hit bigger TF supply zone, but it didn't happen, price fell short of hitting supply zone that nested within the monthly supply zone. It drop into the demand zone and rally from there.

Attached Image (click to enlarge)
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New demand zone created around 6400.

My question is, can we still go short at the weekly supply zone that nested within the monthly zone? I mean its still fresh but price fell short of hitting that area, so i'm not sure if there's some kind of rule about that. Thank you
  • #8,285
  • Jan 29, 2017 1:25pm Jan 29, 2017 1:25pm
Quoting omarr
Hello Alfonso and friends, here's my top down analysis of GBPAUD, correct me if i'm wrong. (Question at the bottom) Screenshot2.png;2161426 Monthly is down, created CP supply zone at 7392, base is not good, too wicky, but departure is good, got 2 ERC candle with 2:1 imbalances. Price fell short of hitting that area. Screenshot3.png;2161438 Weekly trendline has been broken, created demand zone at 6113, short is not allowed unless we hit bigger TF supply zone, but it didn't happen, price fell short of hitting supply zone that nested within the monthly...
Monthly is down, big picture downtrend. Cheers
Set and Forget supply and demand trading community
  • #8,286
  • Jan 29, 2017 6:58pm Jan 29, 2017 6:58pm
Quoting panoramia
{quote} Monthly is down, big picture downtrend. Cheers
Noted, thank you so much Alfonso
  • #8,287
  • Jan 29, 2017 11:07pm Jan 29, 2017 11:07pm
Hi Alfonso & other senior members
I would like to have clarification with following seniorio

1) Monthly trend UP ( Trend line respected, new demand areas are created & supply taken out)
2) Weekly trend up ( Trend line respected, new demand areas are created & supply taken out)
3) Daily trend up ( Trend line respected, new demand areas are created & supply taken out)
4) No weekly & Monthly supply in control.

Daily demand level has taken out inherited daily supply level, can we go long Set & forget at that daily demand level or do we need confirmation?

Thanks in advance.
  • #8,288
  • Jan 29, 2017 11:30pm Jan 29, 2017 11:30pm
Quoting Vsm
Hi Alfonso & other senior members I would like to have clarification with following seniorio 1) Monthly trend UP ( Trend line respected, new demand areas are created & supply taken out) 2) Weekly trend up ( Trend line respected, new demand areas are created & supply taken out) 3) Daily trend up ( Trend line respected, new demand areas are created & supply taken out) 4) No weekly & Monthly supply in control. Daily demand level has taken out inherited daily supply level, can we go long Set & forget at that daily demand level or do we need confirmation?...
Clear long bias, longs at daily demand levels!
Alfonso
Set and Forget supply and demand trading community
  • #8,289
  • Jan 30, 2017 7:27am Jan 30, 2017 7:27am
Hello Alfonso
Could you please put me in contact with your programmer?
I'd like to hire him (paying for his time) to code for me an indicator similar to one of yours.
I searched several times a good coder on MT4/MT5 website without any success.
Cheers.
Merka
  • #8,290
  • Jan 30, 2017 10:03am Jan 30, 2017 10:03am
Quoting Merka
Hello Alfonso Could you please put me in contact with your programmer? I'd like to hire him (paying for his time) to code for me an indicator similar to one of yours. I searched several times a good coder on MT4/MT5 website without any success. Cheers. Merka
Hello Merka,

I can't put you in contact with my programmer because he has signed up a NDA agreement with me, he can't code for anybody else these things. Sorry I can't help you on this one.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,291
  • Jan 31, 2017 11:16pm Jan 31, 2017 11:16pm
Forex exotic pair USDTRY is rallying on the higher timeframes with a nice level of weekly demand at 3.50300 for potential longs. As price hits weekly demand zone as per the rules we would wait for new levels of daily demand zones to be created at this specific area before taking new imbalances. Long bias overall on this pair.

USDTRY supply and demand levels technical analysis

Cheers,
Alfonso
Attached Image (click to enlarge)
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Set and Forget supply and demand trading community
  • #8,292
  • Feb 1, 2017 9:09pm Feb 1, 2017 9:09pm
Hello, this is my first post on this forum and I am a big fan of the strategy, content and the all-round good will of those contributing.

I am currently forward testing the strategy but had a question regarding position management (with the trend and counter trend) for instruments that may be affected by upcoming and high impact economic data releases.

Q: If a position is in profit but a trailing stop cannot be placed, or if a position is in negative territory, do traders.....

a) close positions to lock in profit or to reduce losses ahead of key data releases?
b) watch trades real-time to understand the data, see how it affects price and then decide whether to maintain the position or close the position to lock in profits or reduce losses?
c) appreciate when high impact data will be released and therefore accept volatility on positions but stick with the trade plan?
  • #8,293
  • Feb 1, 2017 11:18pm Feb 1, 2017 11:18pm
Quoting Richie-Rees
Hello, this is my first post on this forum and I am a big fan of the strategy, content and the all-round good will of those contributing. I am currently forward testing the strategy but had a question regarding position management (with the trend and counter trend) for instruments that may be affected by upcoming and high impact economic data releases. Q: If a position is in profit but a trailing stop cannot be placed, or if a position is in negative territory, do traders..... a) close positions to lock in profit or to reduce losses ahead of key...
No news events are taken into account, if you want to take them into account it is ok, I can't help you there because I don't look at any kind of news or data release. My trading plan is sacred, no news event allowed in.

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,294
  • Feb 2, 2017 12:32am Feb 2, 2017 12:32am
Hello Alfonso and thanks of the information.

I have a few more questions regarding pending orders and economic data - these will be the last I ask on this matter (promise)

Q: Does the strategy prevent pending orders being placed in front of major events such as NFP, interest rates etc...where the instruments (to be traded) are likely to be impacted?
Q: Are orders always pending until filled regardless of their proximity to major economic releases?
  • #8,295
  • Feb 2, 2017 1:53am Feb 2, 2017 1:53am
Quoting Richie-Rees
Hello Alfonso and thanks of the information. I have a few more questions regarding pending orders and economic data - these will be the last I ask on this matter (promise) Q: Does the strategy prevent pending orders being placed in front of major events such as NFP, interest rates etc...where the instruments (to be traded) are likely to be impacted? Q: Are orders always pending until filled regardless of their proximity to major economic releases?
Like I said before, no news events are taken into account, rules are rules. I am not doing any intraday, bigger timeframe imbalances hold very well on news events. NFP will not change bigger picture US dollar bias, intraday levels won't hold well, but not the big picture imbalances that big investors are looking to trade on a retracement to full their unfilled orders. So my trades will be pending no matter what the economic releases are if the other rules are met at the entry spot.

I've not looked at the news for ages, I just trade supply and demand imbalances as per my trading plan, news will allow price to reach my entries faster and hit my target faster

Cheers,
Alfonso
Set and Forget supply and demand trading community
  • #8,296
  • Feb 2, 2017 3:37am Feb 2, 2017 3:37am
Brilliant - thank you very much Alfonso!

Happy Trading
  • #8,297
  • Feb 2, 2017 7:03am Feb 2, 2017 7:03am
Have been away for a while so Happy Newyear to all the forum!

And for sure a Big Happy Newyear to Alfonso! The nicest trading Guru I have ever seen. Thank you very much for the advise on using Forex Tester you saved me from me :-). I got version 3 on a Newyear discount and have been working on it, got to say when I see the YouTube videos it seems so easy and straight I go to do the testing then I come back watch the videos again and again it's for sure not as easy as it looks!

While doing the testing I started looking at the markets I want to trade and the brokers to chose to do it in parallel while testing.

I am thinking to trade:
First Spot Fx not sure which broker maybe FXCM
then CFDs looking at IG or FxPro
then Futures not sure yet which broker
ETFs, Stocks and Options I would keep these much later

Appreciate your thoughts on the markets and brokers.

Cheers
  • #8,298
  • Feb 2, 2017 7:59am Feb 2, 2017 7:59am
Hello this is my first time posting here and I have been trying to learn supply and demand trading for some days now and I have read the e-book and now will start to watch the videos as well and wanted to post chart to get your opinions about the zones. I have attached a multiple time frame analysis so please have a look.
Attached Image(s) (click to enlarge)
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  • #8,299
  • Feb 2, 2017 9:11pm Feb 2, 2017 9:11pm
Analysis for AUD/USD

Monthly
1) trend :- Bearish consolidation
2) Supply level not fresh, testing third time

Weekly
1) trend :- Bearish consolidation
2) Price at Monthly high curve & fresh weekly supply.

As monthly trend is in bearish consolidation & monthly supply level is not fresh can not set & forget to that weekly fresh supply nested in Monthly

Daily
1)trend :- UP
2) Price at monthly & weekly high curve

Bias :- Short sell on confirmation on daily chart ( Break of bullish trend line & removal of daily demand at 0.7448)
Attached Image(s) (click to enlarge)
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  • #8,300
  • Feb 3, 2017 12:14am Feb 3, 2017 12:14am
Quoting Vsm
Analysis for AUD/USD Monthly 1) trend :- Bearish consolidation 2) Supply level not fresh, testing third time Weekly 1) trend :- Bearish consolidation 2) Price at Monthly high curve & fresh weekly supply. As monthly trend is in bearish consolidation & monthly supply level is not fresh can not set & forget to that weekly fresh supply nested in Monthly Daily 1)trend :- UP 2) Price at monthly & weekly high curve Bias :- Short sell on confirmation on daily chart ( Break of bullish trend line & removal of daily demand at 0.7448) {image} {image} {image}...
Shorts need confirmation on AUDUSD. Doing nothing on this one for now.
Cheers,
Alfonso
www.set-and-forget.com
Set and Forget supply and demand trading community
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