dax30-german-index-demand-levels
German DAX 30 index breaking higher, creating a potential daily demand zone
3rd January 2017
audnzd_demand_level
AUDNZD forex currency pair three months demand in control, long at daily imbalances
6th January 2017
dollar-index-demand-levels

Dollar Index DXY breaking higher. weekly continuation pattern’s second leg out could be in the make, room to opposing counter trend weekly supply level around 106.90. New weekly demand levels are being formed on the way up since monthly demand zone at 95.89 took control. Long bias at daily and weekly demand zones.

 

dollar-index-demand-levels

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

4 Comments

  1. VPS says:

    Dollar Index DXY (4th Jan, 2017 post): Thanks for the post. I have the following 2 doubts:

    At the upper demand zone (marked 173 in blue rectangle), there are 3 basing candles. Why did you mark the demand zone considering body to wick of only one basing candle?

    Similarly, at the lower demand zone (marked 237), there are 2 basing candles. But you have considered only the 1st black candle for marking the demand zone. Any particular reason for that?

    • That’s what the rules say, that’s where the imbalances started. The top 173 weekly demand level starts at the weekly candle body’s open price and the bottom demand level’s two basing candles you are referring to are not part of the demand zone, it’s not what I consider to draw it’s what our rules say how we should draw imbalances. You don’t know all the rules probably which is why you are struggling with these zones. Cheers

  2. kiran says:

    thank you very much

  3. SuperMush says:

    I’m totally agree with this!

Leave a Reply

Your email address will not be published. Required fields are marked *

Thanks!

CLICK HERE TO VISIT! right_sectionMake sure you browse the trading channels and see how Set and Forget community works.

- Like minded supply and demand traders all trading with the same rule set

- Daily live setups posted before they happen, no hindsight

- Individual channels for each Forex pair, Stock, Commodity, each instruments has its own trading channel

- Participate in yearly community meetups with daily live trading

- Access to a large resource of archived video content with hundreds of hours of live analysis and webinars.

     
 

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.