Learn how the market works, no more colourful or lagging indicators
The imbalance of supply and demand is the only reason why price moves every market be it Forex, Stocks, ETFs, CFDs, Futures, Indexes or Commodities. The greater the imbalance, the greater the move in price. Most traders are not aware of the power that trading a supply and demand trading strategy can have. Most of us are really good applying supply and demand logic when we want to buy some food at the supermarket, buy a bottle of wine or a car. We want to buy low and sell high, that’s pretty obvious, isn’t it? Would you buy your favourite bottle of wine worth 5 euros a bottle for 15 euros? Of course you would not. Why would then most retailers buy a Forex currency pair or a stock when price is so high? Ask yourself that question.
All of us have the potential to be consistent profitable supply and demand traders but we won’t be able to achieve that unless we have a strict rules set to lean on to plan our trades. Supply and demand together with price action is one of the best edges you could ever possibly have. It is very easy to get lost and distracted by reading dozens of books and looking at internet resources that push fancy, colourful and lagging indicators of which only tell you what has already happened. RSI, CCI, Bollinger Bands and a long plethora of indicators are just telling us what is already known to big investors that trade supply and demand, they just buy low and sell high, it is as simple as that.
Having a clean and uncluttered chart will help you make a trading decision much easier than a chart with colorful indicators. A clean and uncluttered chart is showing you what price action is doing and which supply and demand levels are tradable. A supply and demand trader will already be long while you will probably be waiting for a buy signal, weather it is a combination of moving average crosses or the alignment of several planets with the Aquarius constellation.
At “Set and Forget” you will learn to trade from a clean chart, you will have a strict set of methodical rules that will help you identify tradable supply and demand imbalances. Trade where professional traders do, walk side by side with the big institutions.