How to draw Supply and Demand zone. ( EDUCATIONAL)

FX:EURUSD   Euro / U.S. Dollar
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1) We have to find the strong impulse move ( At least three impulse move, I like the big bars). Lets say a rally or a drop .
2) Right underneath we have to find a consolidation area where we will mark the zones from the body to the wicks.
3) Drawing the zones is an art, so make sure you have a good look at them, Ignore the wicks at the top if you are buying and ignore the wicks in the lower side if you are selling. Refine the zone and you can trade it with 1:1 RR. Stops below or above the zone + few ticks.
4) Divergence works pretty well in these kind of zones with engulfing patterns and pinbars.
5) Harmonic trading can be used here, most probably when the ratios fall inside the zone, could a very very good potential trade.
thanks for sharing. would it be advisable to take trades based on smaller timeframe price action upon a known Supply/Demand zone testing on a larger timeframe?

How good if one of the most profitable supply demand zone identification is done in tradingview that would give autoplotting. Excited!!! Exactly the same here.Have a look at it.
+2 Reply
QUERY : Try to provide feedback:
Anybody could tell what is the best time frame for Supply and Demand Zone Charts.
Is there any coding (Scripts) available to detect the potential Demand and Supply Zone.
+8 Reply
any time frame it works....... need to ensure the zones in higher time frame
I have all my zones drawn automatically for me by some pretty sweet software. It's called APA Zones.
+12 Reply
kindly post the link to download the software sir. thanks.
is it a software or the indicators that can be used in MT4?
Excellent summary of the Supply and Demand Zone trading setup.
ESankari morshedul.sazid
is this demand and supply works really well i dont think so .if i am wrong pls correct me sir
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