Summary of How to Find Best Supply and Demand Area (advanced)
The video discusses the concept of supply and demand areas in trading, highlighting their differences from traditional support and resistance levels. It explains how to identify high-quality supply and demand zones using smart money concepts and covers a confirmation entry setup in lower time frames. The importance of marking these zones on the chart is emphasized, along with the significance of identifying market direction and liquidity. The video also explains how to measure the aggressiveness of price movements and how to mark supply and demand zones on the chart. Different types of supply and demand zones are discussed, including order blocks, order flows, and consolidation areas. Techniques for entering trades at better prices and using confirmations in lower time frames are also explained. The importance of backtesting and using tools like Trader Edge for trade analysis is mentioned. The video concludes with a chart example demonstrating how to apply the discussed concepts in trading.
Speakers
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Notable Quotes
— 01:04 — « Support and resistance are zones where the price has reacted in the past and could react once more in the future. »
— 05:54 — « Order blocks are optimized supply and demand areas here we have an aggressive buying with clear fair value gaps leading to a break of structure. »