Set and Forget supply and demand community first anniversary
8th October 2014
How to trade Forex using supply and demand levels and imbalances, webinar November 2014
10th November 2014

Hello fellow trader,

If you couldn’t attend today’s supply and demand webinar, you can watch the recording.

We went through some of pairs trying to look for bigger timeframes longer term analysis. I believe many important subjects were covered. I made an error and I couldn’t record the full webinar, sorry for that.

  • What to and not to do when a bigger timeframe is in control, for instance, Monthly demand is in control, shorts are not allowed on set and forget, they will be lower odds. We’ll need to wait for confirmation for shorts or wait for a bigger retracement on bigger timeframes
  • 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
  • How CP (Continuation Patterns) are low probability when price has been running in a direction for sometime. CP patterns are high odds when they happen at the beginning of an imbalance or after the breakout of an important zone
  • A new level needs to take out an opposing zone in the timeframe we’ve detected, however, if that doesn’t happen but the level broke the most recent trendline on that timeframe, the level will be confirmed as valid. For instance, Daily is down and dynamics change, brand new imbalance with a bullish engulf pattern causes the break of the descending daily Trendline. That’s a new level of demand. We need to have support from bigger timeframes, new levels breaking trendlines in no man’s land are not valid
  • 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

We analyzed these pairs:

  • Dollar Index. Bullish but hit fresh Monthly supply, not good for longs because it’s too high in the Monthly curve and over-extended in lower-timeframes. Dollar Index is highly correlated with the EURO and majors remember
  • NZD/USD. Low in the curve now, Daily lost momentum, some longs could happen
  • AUD/NZD. A D1 short trade was described step by step
  • EUR/USD. Similar to the US Index but opposite, we also took a very quick look at USD/CHF which is a mirror of EUR/USD and very close to US Index. One of the members took a Daily long by tweaking the rules, as explained in the webinar, it was a correct long based on the location of the D1 zone
  • EUR/JPY. It did not close underneath the WK demand zone that caused the break of the trendline. I had a loss there, not all are winners, in fact many are losses since that’s part of our work as trader, this is just one of them
  • EUR/ZAR. Similar scenario to EUR/JPY, bouncing off Monthly demand zone. Confirmation type of trade on the Weekly

If you see the potential to make money trading but for some reason still can’t make money trading then there are other issues at work like trading plan, emotions, a fix set of rules, other traders supporting you, etc. This is where you can get your questions addressed fully & the support from all within the community, it’s like a family. If you believe in supply and demand methodology and you’re willing to work hard, you will be welcome to join us

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Have a great weekend!
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.

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