Today’s supply and demand webinar concentrated on real time forward testing the supply and demand trading rules we’ve come up with at www.set-and-forget. I say “we”, because I see all of us like a trading group, the forex trading community we’re building here at Set and Forget. I am the one who has set the first initial stones, the ones that got the whole thing going, and others will come after me by adding new nuances (in fact one of our members, Robin already contributed a lot with quite a few incredible flow charts on the supply and demand processes and rules, and Sharon with her documents on the 3 type of trades available), new rules to filter out bad trades or even adding new entries based solely on supply and demand levels and imbalances.
I always encourage everybody to forward test any forex trading rules because in my humble opinion it’s the only way to gain confidence and become consistant trading any rules set, be it supply and demand, ema crosses, fibonacci, you name it. It’s just the way it’s, do not believe what I say or do, do it yourself. Step into the “believe stage” of your trading and get the most out of your marriage with the rules you will be embracing, it’s the only way. Your thoughts are physical, but you need to word very very hard to make them become real.
The video shows you how by following the rules and being patient, price will reach the high odds supply and demand levels you were looking to trade at.
The only thing we have to prevent us from blowing up our accounts is:
Remember these rules can be extrapolated to other timeframe combinations, but at Set and Forget we are concentrated and focused on forex swing trading H4 and above levels for one single reason, it’s not just trading but a way of life. Most of us (some may love to be in front of the screen all day long) want to have a life other than a computer screen, H4 levels help you achieve that as you can see.
Enjoy the video, it’s a bit long (2 hours and a half) if you couldn’t attend the webinar. If you have any questions, feel free to ask them in at www.set-and-forget.com. The video will show you step by step how to test the rules and configure Forex Tester for your forward tests.
There is only one indicator I’m using for the tests is the Support and Resistance one, it will display the last week/month lows/highs, very useful for confluences when trading supply and demand levels. Download SupportAndResistance indicator for Forex Tester from here. I have not created this indicator, I can’t claim ownership of it.
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