Supply and Demand Longer Term Forex trading analysis webinar
17th October 2014
How to trade Forex supply and demand imbalances with a clear trend – Webinar December 2014
15th December 2014

On today’s webinar we went through some pairs trying to look for bigger timeframes longer term analysis.

— Trading with the bigger picture’s trend for higher probability. How to apply the rules and find high odds nested supply and demand zones within higher timeframe zones. Going against that would go against the main trend and will not have the best odds. Remember we’re talking about longer term position trading, not swing or intraday, you’d need to apply different timeframe sequences for those entries
— Realignment rules. If the bigger timeframe of our sequence is in consolidation, we can’t set and forget our trades against the intermediate timeframe direction. That is, if Monthly is consolidating, Weekly and Daily are down, we are allowed to short as long as opposing Monthly demand zone in the Monthly range takes control, we’d have to wait for confirmation to go long and shorts, trendline breaks, new demand zones, etc
— Location and what a level accomplished is crucial. A level that is nested within bigger timeframe’s imbalances has better odds than one that did not. A level that caused the break of an important zone has higher odds than one that did not
— Respect the bigger timeframes, don’t try to go against a bigger timeframe in control, wait for it to be broken or wait for a bigger retracement before the new attack to the zone happens

We analyzed a few instruments:

– DOLLAR INDEX. Bullish trend reacting from a bigger timeframe non original supply zone. Long bias, counter-trend shorts for aggressive traders but WK demand zone right below
– NZDUSD. Monthly trend not up any more, weekly and daily down. Short bias on new supply zones
– USDTRY. Monthly and weekly uptrend. No close above Monthly flip zone. Waiting bias, it could retrace further down within Monthly demand zone
– EURCAD. Monthly is got a bullish consolidation and retraced all the way down to a Monthly flip zone, we could have some longs from there if the Weekly market dynamics continue to be bullish and we break higher, else shorts
– GB/JPY. Monthly, weekly and Daily are up. Price reacted to higher timeframe ares of demand and Nikkei is also bullish. Yen is highly inversely correlated with the Nikkei index. Long bias
– GBPNZD Monthly, weekly and Daily are up. But price is now dropping and will probably break the ascending Daily trendline. We have no fresh levels to the left, it’s much lower, we could have further drops, but bullish trend
– GOLD XAUUSD. Monthly, weekly and Daily downtrend. No close on weekly and monthly charts underneath previous valid Monthly demand, shorts on D1 lower odds, we need at least WK supply zone
– IBEX 35 Spanish index. Monthly demand zone in control, weekly and Daily look like realigning with that bullish trend. Still long bias

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.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *


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.