how's it going traders in this video i'm going to show you the benefits of set and forget trading
and how to do it all using supply and demand zones and if you want to learn more about supply
and demand trading hit that subscribe button now all right so before we get into the charts i just
wanted to explain to you guys some of the benefits of set and forget trading compared to confirmation
trading or any other strategies like that so the first reason in my opinion the strategy
that i'm going to show you guys here in a bit is very simple and it also suits a busy lifestyle i
know a lot of you guys are probably still working full-time jobs because we're trying to build our
trading account we're trying to learn our skills because a lot of us want to do this for a living
at the end of the day right so the best thing to do right now in my opinion is try set and forget
trading a lot of people don't like it but in my opinion it is one of the best suited strategies
for a busy lifestyle for people that are working and it's a very simple setup and it's very easy to
automate in my opinion where you can set alerts you can be alerted whenever anything happens
and i'll show you guys how to do that in a bit also there's higher profit margin in my opinion
obviously some people might have different types of strategies with higher profit margin at least
with supply and demand in my opinion it's a higher profit margin trade and also it is almost higher
probability as well because as the last one says you will be trading with the trend the whole time
once we get into the strategy you'll know what i'm talking about i just wanted to explain some of the
details first of why send forget trading actually has a lot of benefits compared to other types of
confirmation trading strategies all right so the first thing you need to ask yourself is what kind
of trader do you want to be do you want to be a day trader a swing trader or do you want to
position slash invest trade what i personally do is i use the four hour one hour 15 minute chart
but i will also enter swing trades on the weekly daily four hour and sometimes the daily four hour
one hour time frame and if you see all my time frames here the last time frame on the right is
the entry time frame so for day trading we have four 115 which means four hour one hour 15 minute
entry so for the next one we have one hour 15 minute and five minute entry and i'll explain in
a bit why we are using three time frames but first ask yourself do you want to enter on a 15 minute
a five minute one minute or you know four hour or a one hour time frame or a daily or a weekly time
frame it all depends on you and your schedule if you're working constantly you can only check your
phone every four hours or something like that maybe day trading is not for you and you want
to be trading the weekly daily four hour or the daily four hour one hour and be a swing trader
let's say you work in the afternoon and you can actually day trade the new york session or the
london session whatever time zone you're in maybe you can day trade in that time frame so maybe you
can day trade the one hour 15 minute five minute or if you really want to start scalping you could
be day trading the 15 minute to five minute one minute time frame so definitely just look at your
schedule figure out what time frame you want to be entering on and what makes sense for you and it's
going to be all dependent on your own schedule and there is no right or wrong this strategy will
work on basically any time frame sequence that i have listed below alright so the next step is
to assess the trend on all three time frames for for this example i'll be using the weekly
daily and four hour sequence you can use this for any sequence of time frames you just need
to switch it up so switch out the weekly for the daily or switch out the weekly for the four
hour and it'll all be the exact same thing so in this point of time in the chart we had sideways
price action right here until this demand zone right here had been removed and if you can see
it was a very obvious and clear downtrend right here we had a nice downtrend as soon as this
demand zone was removed so we can call this weekly chart a downward trend based on this demand zone
being removed and this nice clear trend line down so clearly the trend is down here and that is the
first step in assessing the trend on your higher time frame next we will go to a daily chart and
clearly at this point in time price was in a downtrend as well there were times when we
when we paused the downtrend as you can see here though we clearly had a downward trend right
here as soon as this low was broken so we could have been looking for trades in this area right
here for downward momentum trades send forgets so our intermediate time frame which is the daily has
now been trending as well along with the weekly so that is the second step to assess the trend on
your intermediate time frame and finally the last step is to assess the trend on your entry time
frame so for this example it was a four hour chart and as you can see you know we had a lot of uh
moments in time where the four hour was trending we had clear downtrend up here like this um we had
moments in time where the trend paused right we had a little bit of upper momentum so that is
when you would not be looking for set and forgets on the four hour chart but as soon as this low was
broken right here like this we had that ability to draw you know that downward momentum line or
trend line whatever you want to call it at that point in time we it was possible to look for sen
forget trades obviously in this little area right here it would have been time not to look for four
hour supply zones to short because the trend was down but as soon as this low right here was broken
that trend continued down it started to fail again right here started to continue down and obviously
in here you wouldn't be looking for shorts because the weekly and the daily were still downtrending
during this whole time but as you can see we had clear down trends right here so that is the final
step in assessing the trend assess the trend on all three time frames and that is one of the key
ingredients to proper set and forget trading so hopefully that makes sense and if you guys
have any questions at all just let me know in the comments down below if anything was unclear
and i'll get back to you all right so after you've assessed the china and you're looking for supply
and demand zones to go long or short at you're actually looking for continuation pattern moves
down so you're looking for that initial down move the basing and then the other down move down like
that what you do is you simply enter right here with a stop above and you wait for that pullback
hopefully it works out in your favor not every time you're going to win you will be stopped out
sometimes but the power of seven forget trading is that usually the risk reward is very very high
so let's look at a real example here how i would draw this supplies on right here so clearly we had
that initial move down like this we had that basing right here and then we had that other
move down so what you do is you would take your wrist to a reward tool like this you would enter
right there short and then you stop above right here and when you have price action like this
before where there's kind of a lot of basing you might actually want to put your stop loss maybe
a little bit higher just in case and this isn't you know there's no really right or wrong way to
draw your supply zone some people might actually draw it something like this and that's fine too
i have a tips video how to draw supply and demand zones definitely go check that out
the larger your zone is going to be the lesser risk reward is going to be and the less likely
you're going to be stopped out the smaller your supply and demand zone is the more likely you'll
be stopped out but your wrist reward actually becomes much higher so that is how you would enter
this trade like i said just have a risk reward tool enter a little bit before the zone and a stop
above the zone and if you guys want my zones for set and forget trading if you're interested
check out the links in the description and become a youtube member or patreon member you
can get all my zones on a daily basis so it can save you time and they're very very accurate so
definitely check that out it could definitely help you with your trading hope to see you guys there
so that is the gist of it we had a zone right here and we actually had a supply zone right
here like that and both of them worked out very very nicely this one the wrist reward wasn't that
high but this one the wrist reward was actually very very large i think it was almost a six to one
if you go all the way to the low and after this part i'm going to show you guys different ways
to manage a trade and how you take profit what i do is i simply have my rister war tool like this
and i simply take profit at three to one because with my testing it's a profitable for me to do
that so i would have gotten out actually right here and then there's actually another zone right
here so this one i probably would have broke even let's move on and i'll show you guys how to manage
your trade once you're in them all right so how would i have personally managed this trade well if
my entry was like this and my stop was like this my take profit would simply be at three to one and
i would leave it like that but how would i move my stop-loss along with price well as you can see
my stop-loss would be right here and what i do is i take this risk to reward tool i find my
one-to-one mark and i would set an alert at one to one and when that happens i move my stop to
about half risk and why do i do that why don't i move my stop to break even well i've found with my
own testing and my own hard work that when price comes down like this moves about one to one you
can actually see a retest of this supply zone and then i move down so in case that happens i want to
have my stop loss protected and keep me keeping me in the trade then i have an alert set at two
to one and what i do after two to one like that is i have my stop at break even like that and why
do i have it at break even then well i found that with my testing when price moves about two to one
and it comes back up and tests this supply zone again it usually will break right through and fail
and after that i just let the rest ride i let my three to one profit get hit other ways of managing
a trade what you can do is you can simply take a two to one or a one to one you could take a
four to one test it out there's really no right or wrong i've just found out what works for me
what you could also do is just continue you could not have a take profit right let's say you
entered right here just like i did and then price moves down and then you find this basing
like this so let's say right here price came down like this created this basing at this candle your
stop could have been basically right here and what that would do is i would have locked in a you know
one to one which is great and then at this point we had a new zone right here and you could have
actually put your stop down to here and what that does is lock in basically a two and a half to one
and then as price reacted down here you could have moved your stop above this zone right here like
that and what that does is that actually locks in three point six to one so you can just continue to
move your stop loss and then yes eventually you would have been stopped out but you can start to
be more aggressive with it and then lock in bigger games that's another way to do it it's a pretty
popular way but that's pretty much it i think i only really recommend those two strategies for
managing your trade if you guys have any questions about that let me know in the comments down below
all right to summarize once again there are three steps essentially step one very important make
sure that all three time frames are trending in the same direction step two find that cp
supply demand zone to go long or short at step three manage your trade according to your own
testing test it out and this is a very important extra tip make sure that you are not at any higher
time frame areas of opposing supplier demand zones and what do i mean by that well right here
we actually contacted this weekly area of demand so the weekly chart is my higher time frame right
so as you can see we actually contacted this weekly area of demand right here like this
and now we saw that reaction to it that's why the profit margin was actually cut right here yes it
worked out for a bit but since we were in weekly demand your higher time frame we actually blew
right through it so that goes for any time frame if you're trading the daily four hour one hour
make sure that we are not at any opposing daily demand zones when you're going short
and the same for long if you're going long like this make sure you aren't at any higher time frame
areas of supply because that profit margin will be cut and you can actually have a higher odds
chance of being stopped out so that is a little bit of an extra tip like i said if you guys have
any questions at all please just let me know in the comments down below and i will definitely
get back to you guys and if you all if you want to find my supply and demand zones like i said
earlier join the patreon or the youtube membership links are in the description
it can certainly help you it could save you a lot of time and it can see
kind of what zones that i'm drawing and maybe you could actually use them to uh trade with so
that being said hope you guys enjoyed the video if you did hit that like button and subscribe cheers