Alfonso Moreno

My name is Alfonso Moreno. I’m a full-time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community back in October 2013. I have been exclusively trading the financial markets using supply and demand imbalances with a proprietary strategy developed over the years that helps locate any market turning points where professional and institutional traders plan their trades.

Alfonso ex-dancing teacher and photographer

How can an ex-dancing teacher and photographer teach you about trading and economics? Well, why not? It’s simple. I’ve spent many years studying the charts on my own and coming up with a series of rules that have helped me understand how the markets move most of the time.

You don’t need to have a Ph.D. in economics or be a banker in order to become a trader. That would actually be a handicap because your mind would be clouded with the knowledge that principles that you really don’t need to place a trade and make a living trading the markets.

Alfonso Moreno's trading evolution

Time and experience help all of us to evolve in our careers. In the years that I’ve been a trader, I’ve grown and evolved a lot. My evolution helped me realise that trading the bigger timeframes is what fits my personality. Does it mean that smaller timeframes do not work? Not at all. It means that I have more free time to spend quality time with my family and friends.

Money is essential, but it is not the most crucial thing. A lot of money and a good job do not necessarily make you a happier person. It helps a hell of a lot. Why would we want a lot of money, a big house and a nice car? To show off to our neighbours and friends? To feel good with ourselves and feed our ego? I have my ego under control; I don’t need to become a trader and a better person.

How was Alfonso Moreno's beginnings in trading?

In my beginnings, I used to trade smaller timeframes like M5 and M15 using someone else’s strategy that used MACD, Bollinger Bands, and 6/12 EMA crosses to locate new setups. I made it work for a few months, but I had to spend many hours a day watching the charts. I traded Forex exclusively, and it was definitely very stressful. Experience, personal needs, and life itself put everything into context. I had not found what I was looking for until I heard about supply and demand.

Staying away from the charts and letting the trade breathe is something we often forget about as traders. We should all trade a trading strategy that fits our personality. We must feel comfortable with the rules and the time we spend to make it work. We must prioritize our needs; we must find our why? Why do you want to become a trader? To make money alone? That’s not enough of a reason. Everyone wants money and a good job. There must be something else. You must listen to yourself and learn why you want to become a trader in the first place and then choose the strategy that fits your personality and gives you enough time to achieve moments of happiness by sharing quality time with your beloved ones. Time to give and receive love. That’s all there is, my friends.

I used to trade a lot in the past, reaching 4-6% a month and even more. That was a bit of an unrealistic attitude. Now I know what I want and how I want it done. I have developed my own proprietary trading strategy based on supply and demand, I’ve managed to master it, and that’s all I needed. I don’t care or follow anyone else’s trading ideas; I only focus on my own rules, trading plan, and setups, ignoring the news and fundamentals ultimately since I came up with the rules without using them. Why should I use fundamentals now? Moreover, it would be ridiculous when strong imbalances usually trump any priced in fundamental. You just need to pay close attention to the charts and see what happens when news is released, or earnings for a given stock have been published.

Alfonso Moreno methodology benefits

I don’t need to spend hours in front of my treading platform every day. I just need to trade about 30 minutes every 1-2 days, set my alerts, set and forget my trades and walk away to let the trades breathe and play out. Some of these trades will be winners, others will be losses, but the profit from the winners will be at least two or three times the risk taken in the losses. There is nothing else I can do. I don’t have the power to move the candlesticks with the power of my mind. I play my cards using supply and demand imbalances and hope for the best in every trade.


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