Tag Archives: How to identify demand and supply

Identifying Levels Practices

I am still recieving people having difficulties in identifying demand supply level. As I  mention in my recent ebook, there were criteria that needs to be met.

But there is also another way of identifying it. Though this was an old practice that I utilize when I was learning where price tend to turn.

Here are the settings on your chart typically on Mt4:

Background : Black ( so as to hide the wicks )

Filled candle: either color that identify bull and bear.

setting

Here is the settings template.

Now the next step is Identify

  1. Large candle
  2. Almost vertical move
  3. Profit margin
  4. Make a square and see the wicks are the criteria . If it does, then it is a demand supply level.

Here is an example trade I did today.

3pa7

Now try to practice that in your Forextester tools or Look back your chart on the end of the left side from its beginning.

 

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