1 00:00:11,068 --> 00:00:14,568 Hey everyone. Hope you're all doing well. Welcome to the 2 00:00:14,568 --> 00:00:17,988 video. So we're gonna go through supply and demand the 3 00:00:17,988 --> 00:00:24,828 theory. Um exactly what it is. Because our strategy sort of it 4 00:00:24,828 --> 00:00:27,468 revolves around supply and demand you know order blocks et 5 00:00:27,468 --> 00:00:31,308 cetera. So it's definitely important to know exactly what 6 00:00:31,308 --> 00:00:39,068 it is. We're also getting to um consolidation and expansion. Um 7 00:00:39,068 --> 00:00:43,908 we start with that and then we go from there. So, If we start 8 00:00:43,908 --> 00:00:50,468 on the left here, the markets either do one of two things. So 9 00:00:50,468 --> 00:00:54,548 price either consolidates or expands. Now if you come from 10 00:00:54,548 --> 00:01:00,248 previous strategies er you may know this as impulsive 11 00:01:00,248 --> 00:01:05,768 correction. So the correction would be the consolidation 12 00:01:05,768 --> 00:01:12,908 phase. And the impulsive phase is known as the expansion. So 13 00:01:12,908 --> 00:01:16,928 starting on consolidation this is a period in a market where 14 00:01:16,928 --> 00:01:21,308 price is moving calm. Which moves in a range known as the 15 00:01:21,308 --> 00:01:25,628 dealing range. Now we will be able to identify clear height 16 00:01:25,628 --> 00:01:30,008 and low to this range. So you've probably heard of the 17 00:01:30,008 --> 00:01:35,228 term range bound or ranging or consolidating. This means that 18 00:01:35,228 --> 00:01:38,708 price is typically staying in one area and just moving 19 00:01:38,708 --> 00:01:44,968 sideways rather than moving up or down. So again a range bound 20 00:01:44,968 --> 00:01:49,768 market means that price is typically staying in one area 21 00:01:49,768 --> 00:01:55,468 er with sideways price action rather than in one direction up 22 00:01:55,468 --> 00:02:00,748 or down. Now this range can be tight meaning a spread of only 23 00:02:00,748 --> 00:02:05,428 a few pounds or dollars or the range can be loose meaning a 24 00:02:05,428 --> 00:02:09,988 spread of hundreds of thousands of pounds or dollars. From that 25 00:02:09,988 --> 00:02:15,148 that range higher to the range low. Now this will partly come 26 00:02:15,148 --> 00:02:19,648 down to the time frame that someone is implementing. Now 27 00:02:19,648 --> 00:02:23,488 usually the lower the time frame the tighter the spread. 28 00:02:23,488 --> 00:02:30,328 Meaning it can be a few pounds or dollars. And the higher the 29 00:02:30,328 --> 00:02:33,388 time frame the looser the spread meaning the more money 30 00:02:33,388 --> 00:02:36,928 basically. So it could be thousands, hundreds of 31 00:02:36,928 --> 00:02:48,288 thousands. Um again uh consolidation is a state in the 32 00:02:48,288 --> 00:02:55,268 market where prices moving calm and ranging. Or you know range 33 00:02:55,268 --> 00:03:00,728 bound it's just sideways price action and if we look at this 34 00:03:00,728 --> 00:03:05,828 diagram down here you can see this is this would be our 35 00:03:05,828 --> 00:03:10,148 consolidation phase where price is moving sideways so you can 36 00:03:10,148 --> 00:03:14,948 see going up down up down sideways price we aren't moving 37 00:03:14,948 --> 00:03:21,188 you know in one direction so moving into expansion this is a 38 00:03:21,188 --> 00:03:24,368 period in the market where price is moving aggressively in 39 00:03:24,368 --> 00:03:28,888 one direction or the other. So we will we will see an 40 00:03:28,888 --> 00:03:32,728 impulsive move to the upside or downside. Where price will give 41 00:03:32,728 --> 00:03:37,808 us large candle bodies or wicks As you can see here, we had a 42 00:03:37,808 --> 00:03:44,668 large impulsive move up. This is this is expansion. So we 43 00:03:44,668 --> 00:03:49,288 will see large candles or large wicks um in one direction over 44 00:03:49,288 --> 00:03:56,428 the other. So that's basically consolidation and expansion. 45 00:03:56,428 --> 00:04:01,348 Slash impulse and correction. Now what we're gonna do is get 46 00:04:01,348 --> 00:04:06,568 into supply and demand. Starting on demand zones. Okay. 47 00:04:06,568 --> 00:04:13,108 So demand zones this is an area of consolidation. That comes 48 00:04:13,108 --> 00:04:18,328 before an impulsive move towards the upside. IE bullish 49 00:04:18,328 --> 00:04:28,668 price action. So this is our demand zone. Was im 50 00:04:31,008 --> 00:04:35,068 so das ist 51 00:04:44,568 --> 00:04:48,728 So what we will usually see is a range bound market followed 52 00:04:48,728 --> 00:04:53,468 by a bullish expansion. So exactly this. Range bound 53 00:04:53,468 --> 00:04:59,948 market slash consolidation followed by an impulsive move. 54 00:04:59,948 --> 00:05:09,068 Which is then creating this bullish consolidation block. Um 55 00:05:09,068 --> 00:05:13,408 and this is the expansion up. 56 00:05:14,068 --> 00:05:19,308 This demand zone can act as support when price when price 57 00:05:19,308 --> 00:05:25,068 action drops down into them. So once we push up here this could 58 00:05:25,068 --> 00:05:33,848 be known as support but we know it as you know order blocks or 59 00:05:34,568 --> 00:05:40,948 you know, consolidation, demand zones, price can can fall back 60 00:05:40,948 --> 00:05:50,128 into them to enter longs and close short positions. So 61 00:05:50,128 --> 00:05:54,928 again, demand zones can act as support when price action drops 62 00:05:54,928 --> 00:06:00,008 down into them from the top side. Demand zones are used to 63 00:06:00,008 --> 00:06:03,308 enter longs. So once price comes back into them we can 64 00:06:03,308 --> 00:06:11,328 enter longs and or close short positions. Okay? So how to mark 65 00:06:11,328 --> 00:06:17,208 off demand zones? Well we take the the low of the range and 66 00:06:17,208 --> 00:06:22,488 the highest candle body or we can take the actual trading 67 00:06:22,488 --> 00:06:27,288 range as a whole. So this would be our range. We can take this 68 00:06:27,288 --> 00:06:32,148 but we would have you know all the blocks within this range. 69 00:06:32,148 --> 00:06:38,208 As we get into. But this is just a theory. So consolidation 70 00:06:38,208 --> 00:06:45,248 range bound expansion up I This can act as support as our 71 00:06:45,248 --> 00:06:48,968 demand zone for price to come back into so we can enter longs 72 00:06:48,968 --> 00:06:54,008 and or close you know short positions. So supply and demand 73 00:06:54,008 --> 00:06:59,888 supply zones okay? This is an area of consolidation that 74 00:06:59,888 --> 00:07:05,028 comes before an impulsive move towards the downside. As you 75 00:07:05,028 --> 00:07:10,488 can see from this example which would be bearish price action. 76 00:07:10,488 --> 00:07:14,628 So this is the bearish price action we would see. Which 77 00:07:14,628 --> 00:07:18,488 breaks out of this consolidation phase. A supply 78 00:07:18,488 --> 00:07:21,308 zone is sometimes referred to as a bearish consolidation 79 00:07:21,308 --> 00:07:25,028 block. So what we will usually see is a range by market 80 00:07:25,028 --> 00:07:29,408 followed by a bearish expansion. Range bar market 81 00:07:29,408 --> 00:07:33,608 bearish expansion down. Breaking out of this 82 00:07:33,608 --> 00:07:39,208 consolidation. Now supply zones can act as resistance when 83 00:07:39,208 --> 00:07:43,588 price action pushes up into them from the downside. So once 84 00:07:43,588 --> 00:07:52,608 we broke here price pushed back up into supply zone and this 85 00:07:52,608 --> 00:07:58,728 can be used to enter shorts and or close long positions. So if 86 00:07:58,728 --> 00:08:02,748 we're if we're looking down here we may have something to 87 00:08:02,748 --> 00:08:08,268 the left IE a demand zone that we can trade long back into so 88 00:08:08,268 --> 00:08:12,468 we can target you know the the supply zone. And then look for 89 00:08:12,468 --> 00:08:17,868 shorts from this area. So how to mark off supply zones? We 90 00:08:17,868 --> 00:08:22,028 take the higher of the range to the highest point which would 91 00:08:22,028 --> 00:08:29,108 be you know the wick. And the lowest candle body. Which would 92 00:08:29,108 --> 00:08:32,948 be the lowest bodies and not not the wicks the actual body 93 00:08:32,948 --> 00:08:38,048 the lowest part of that range but what I what I like to do is 94 00:08:38,048 --> 00:08:44,108 just take that that trading range as a whole so the high 95 00:08:44,108 --> 00:08:47,708 and the low but in some examples if we've got you know 96 00:08:47,708 --> 00:08:53,528 a huge wick then we can use our initiative and take the the 97 00:08:53,528 --> 00:08:56,528 candle body and just look to see where the actual range is 98 00:08:56,528 --> 00:09:01,028 and you know not account for that week. 99 00:09:01,568 --> 00:09:09,228 So now we've got an example of a demand zone. We got a 100 00:09:09,228 --> 00:09:15,048 expansion up which came after a consolidation slash a range 101 00:09:15,048 --> 00:09:21,828 bound market and price then came back into it so if we just 102 00:09:21,828 --> 00:09:24,608 take a look at this example 103 00:09:26,568 --> 00:09:32,708 had this range here. So this is our consolidation range. Which 104 00:09:32,708 --> 00:09:38,408 would be more visible on a lower time frame. Because we 105 00:09:38,408 --> 00:09:43,868 have four candles here. So I'll just zoom in. We have this one. 106 00:09:43,868 --> 00:09:51,728 One, two, three and four. Which are moving sideways. You know 107 00:09:51,728 --> 00:09:59,268 consolidating and The next candle is where the expansion 108 00:09:59,268 --> 00:10:03,408 happened which also broke structure. So we pushed up 109 00:10:03,408 --> 00:10:09,168 forming a higher high and a higher low and you can see we 110 00:10:09,168 --> 00:10:11,988 are we then start to form these higher highs and higher lows. 111 00:10:11,988 --> 00:10:17,448 But if we take a look at this. So these are the rules up here. 112 00:10:17,448 --> 00:10:22,008 So the demand zone. The area of consolidation that comes before 113 00:10:22,008 --> 00:10:26,308 an impulsive move towards the upside. So this is that 114 00:10:26,308 --> 00:10:30,868 consolidation before the impulsive move to the upside 115 00:10:30,868 --> 00:10:38,248 which also broke structure this high here. So, number two, we 116 00:10:38,248 --> 00:10:42,568 can take the low of the range and the highest candle body or 117 00:10:42,568 --> 00:10:48,728 we can take the range price is in as a whole. But if we look 118 00:10:48,728 --> 00:10:51,128 at taking the lower of the range and the highest scale of 119 00:10:51,128 --> 00:10:58,368 body This blue candle here would be the low. Now why 120 00:10:58,368 --> 00:11:02,688 wouldn't it be this wick here? Well this is the candle that 121 00:11:02,688 --> 00:11:07,608 actually showed the expansion. This is the impulsive candle. 122 00:11:07,608 --> 00:11:11,568 So this is not the range. This is the candle that broke out of 123 00:11:11,568 --> 00:11:16,448 that range. So this would be the low. We take the lowest 124 00:11:16,448 --> 00:11:20,708 point which is the wick. And the highest point we can look 125 00:11:20,708 --> 00:11:26,808 at would be Let me just get that right. So the low, the 126 00:11:26,808 --> 00:11:34,088 wick, and the highest candle body. So it's here. But as we 127 00:11:34,088 --> 00:11:36,968 also put here or we can take the trading range as a whole 128 00:11:36,968 --> 00:11:44,588 which is what I do personally. So, for me would be the high. 129 00:11:44,588 --> 00:11:50,468 The highest point and then the wick, the lowest point. And 130 00:11:50,468 --> 00:11:54,488 again, not taking into consideration this wick because 131 00:11:54,488 --> 00:11:58,268 this is the candle that actually broke with that 132 00:11:58,268 --> 00:12:03,708 expansion, okay? Impulsive move. So this is our range 133 00:12:03,708 --> 00:12:11,608 free. Demand zone is created once the expansion um takes 134 00:12:11,608 --> 00:12:16,888 place is what that's meant to say. So you can see expansion 135 00:12:16,888 --> 00:12:22,668 takes place. Break structure. This is the range. This is our 136 00:12:22,668 --> 00:12:29,028 demand. Price action will fall into demand from the top side. 137 00:12:29,028 --> 00:12:36,008 Okay so this is the top side. We fall back into the demand. 138 00:12:37,068 --> 00:12:42,428 Four, demand zones can be used to enter longs as we learnt in 139 00:12:42,428 --> 00:12:47,288 a previous video. We can also use them to close down any 140 00:12:47,288 --> 00:12:52,748 short positions that we may have running as it's possible 141 00:12:52,748 --> 00:12:56,648 that we can see a reaction from a demand. So, if we are in 142 00:12:56,648 --> 00:13:00,248 sales from here, we wanna be thinking about, you know, 143 00:13:00,248 --> 00:13:04,808 setting targets or closing down manually once we can look at 144 00:13:04,808 --> 00:13:09,528 how price reacts to the demand level because you know it's 145 00:13:09,528 --> 00:13:12,708 likely we can see that reaction and then for the push to the 146 00:13:12,708 --> 00:13:17,588 upside which is what we got here so How could we go about 147 00:13:17,588 --> 00:13:25,328 entering this trade? Well, we can set our entry at limit 148 00:13:25,328 --> 00:13:27,628 order 149 00:13:28,568 --> 00:13:34,848 the limit order is valid as soon as we break here. 150 00:13:48,068 --> 00:13:54,988 The consolidation uh slash order block uh range in market 151 00:13:54,988 --> 00:13:59,968 so we can set our entry at the top now you can see here we had 152 00:13:59,968 --> 00:14:03,568 a week back down but we we wouldn't have been tapped into 153 00:14:03,568 --> 00:14:08,728 the market because price then pushed up made a new high. Now 154 00:14:08,728 --> 00:14:14,368 this week down was just to try and rebalance any imbalance 155 00:14:14,368 --> 00:14:20,168 that was left here. But we also left imbalance here. Um and 156 00:14:20,168 --> 00:14:23,708 don't worry we're getting to imbalances in a later video but 157 00:14:23,708 --> 00:14:28,748 that's what this was. We pushed up higher higher and then we 158 00:14:28,748 --> 00:14:34,068 come back down breaking these lows. And we would have been 159 00:14:34,068 --> 00:14:41,028 triggered into the trade. Now all of our stop losses. Well we 160 00:14:41,028 --> 00:14:47,928 can place our stop loss at the low of the trade and range or 161 00:14:47,928 --> 00:14:51,228 we can account for any wicks that we may have. So, we got 162 00:14:51,228 --> 00:14:55,008 this wick here. So, we can put our stop loss at that wick or 163 00:14:55,008 --> 00:15:00,528 just below it. Because price can come down to mitigate the 164 00:15:00,528 --> 00:15:05,988 entire sort of trading range and any imbalance or 165 00:15:05,988 --> 00:15:10,608 inefficiency that was left on this impulsive move. Before 166 00:15:10,608 --> 00:15:17,428 then continuing. So, if we put our stop loss directly at this 167 00:15:17,428 --> 00:15:23,008 sort of block or trading range then it's likely we can be 168 00:15:23,008 --> 00:15:28,948 tapped out with a wick before price continues. So giving 169 00:15:28,948 --> 00:15:34,508 yourself that one to two pip sort of buffer accounting for 170 00:15:34,508 --> 00:15:41,708 the wick you know it's a lot safer to do so. But that's the 171 00:15:41,708 --> 00:15:46,628 example of a demand where we're looking at expansion and 172 00:15:46,628 --> 00:15:51,128 consolidation and how we can look to enter it. But let's now 173 00:15:51,128 --> 00:15:59,528 get into a example of supply and so example. Okay so now 174 00:15:59,528 --> 00:16:06,068 we've got a example of a supplier. We are on GBP USD on 175 00:16:06,068 --> 00:16:12,948 the hourly time frame. So let's get into this example. So what 176 00:16:12,948 --> 00:16:16,968 we can see is price was put in these high highs and these high 177 00:16:16,968 --> 00:16:23,268 lows. So high high. High high. Higher higher, low, higher, 178 00:16:23,268 --> 00:16:28,128 high, higher, low, higher, high, okay? Corrective price 179 00:16:28,128 --> 00:16:34,788 action which is efficient. So, all of these moves are, you 180 00:16:34,788 --> 00:16:38,148 know, we're we're making highs, retracing, with mitigating, 181 00:16:38,148 --> 00:16:41,208 making highs, retracing, mitigating, and then 182 00:16:41,208 --> 00:16:46,488 continuing. So now, when we look at here, you can see we 183 00:16:46,488 --> 00:16:50,628 had an impulsive move to the downside which is the 184 00:16:50,628 --> 00:16:59,288 expansion. You can see it's a and if you compare this move to 185 00:16:59,288 --> 00:17:04,808 this entire move. You can see it's the same length and you 186 00:17:04,808 --> 00:17:09,848 can see the difference in the candle size. We have we do have 187 00:17:09,848 --> 00:17:14,408 some candles within this like these two here but 80% of this 188 00:17:14,408 --> 00:17:23,548 move here is corrective and this is impulsive. Okay, So 189 00:17:23,548 --> 00:17:26,728 this is the expansion phase. We also broke structure to the 190 00:17:26,728 --> 00:17:32,668 downside. So we broke structure here and here. So let's look at 191 00:17:32,668 --> 00:17:36,868 our rules. So number one the area of consolidation that 192 00:17:36,868 --> 00:17:42,028 comes before an impulsive move towards the downside. Which is 193 00:17:42,028 --> 00:17:45,268 bearish price action. So this is that bearish price action. 194 00:17:45,268 --> 00:17:50,128 Where's the range that come before this? Well this is here. 195 00:17:50,128 --> 00:17:56,628 So Price made this higher high here above this high. We then 196 00:17:56,628 --> 00:18:03,548 had a higher low. Price then wicked that higher. But it 197 00:18:03,548 --> 00:18:08,528 failed to break above and put in that new hire. And instead 198 00:18:08,528 --> 00:18:13,948 we got two wicks and we sort of you know we losing that 199 00:18:13,948 --> 00:18:17,248 momentum you can see prices failing to continue going up. 200 00:18:17,248 --> 00:18:21,208 We get a bit of a range. Range found market and then we 201 00:18:21,208 --> 00:18:28,108 initiate out. Number two, we take the high of the range and 202 00:18:28,108 --> 00:18:33,588 the lowest candle body. Or we can take that trading range as 203 00:18:33,588 --> 00:18:39,828 a whole. Okay? So if we just zoom in where's the higher? 204 00:18:39,828 --> 00:18:44,288 Well where does where does the range start? Well This is 205 00:18:44,288 --> 00:18:49,568 pushing up. This move here is the move that broke this high. 206 00:18:49,568 --> 00:18:52,628 Okay so that's not a range really. It's corrective but 207 00:18:52,628 --> 00:18:57,128 it's not a range. This is more of a range. And I would be 208 00:18:57,128 --> 00:19:03,808 looking at you know from you you could say from here this 209 00:19:03,808 --> 00:19:07,108 from this candle or this bearish candle all the way 210 00:19:07,108 --> 00:19:12,268 until you know we initiate out with the expansion so we take 211 00:19:12,268 --> 00:19:15,928 the higher of the range as you can see I put on the higher 212 00:19:15,928 --> 00:19:21,028 this is the highest point which is this wick and the lowest 213 00:19:21,028 --> 00:19:24,628 body. So let me just put on the lowest body as it's not on 214 00:19:24,628 --> 00:19:27,168 there just yet. 215 00:19:28,568 --> 00:19:34,148 Let me just move that to the back. Okay so where's the 216 00:19:34,148 --> 00:19:39,968 lowest body? Well you could say this candle but this is when 217 00:19:39,968 --> 00:19:47,408 momentum started to come into the market and then did come 218 00:19:47,408 --> 00:19:50,648 in. So this this candle here is the same as these candles. So I 219 00:19:50,648 --> 00:19:52,988 wouldn't be looking at that. I'll be looking at the next 220 00:19:52,988 --> 00:19:55,348 one. 221 00:19:56,068 --> 00:20:03,228 Which is here. So this is the lowest candle body. These two 222 00:20:03,228 --> 00:20:06,228 candles. So this grey one and the blue one they're both the 223 00:20:06,228 --> 00:20:09,048 same so we can use both of these. So we've got the lowest 224 00:20:09,048 --> 00:20:13,188 um candle body. As the the lower the range and the higher 225 00:20:13,188 --> 00:20:18,228 the range are the wicks. But as I've said already I take the 226 00:20:18,228 --> 00:20:22,248 overall range the low to the higher. So I'm gonna put it 227 00:20:22,248 --> 00:20:25,468 back to where I have it. Have it here. I will take this low 228 00:20:25,468 --> 00:20:29,628 here and the higher. Because we then initiate out with the 229 00:20:29,628 --> 00:20:37,228 expansion which come after the consolidation range bound 230 00:20:37,228 --> 00:20:44,688 market. So Number three. Supply zone is created once the 231 00:20:44,688 --> 00:20:48,828 expansion forms. So we've we've gathered that. The expansion is 232 00:20:48,828 --> 00:20:54,888 here. This then confirms this as our supply. And our 233 00:20:54,888 --> 00:21:01,728 consolidation slash range bound market. Price pushed in. Price 234 00:21:01,728 --> 00:21:08,728 action will fall into a supply. Price action will push up into 235 00:21:08,728 --> 00:21:13,528 the supply from the downside. So you can see if we push back 236 00:21:13,528 --> 00:21:21,528 up And this is also this move here. Is also rebalancing 237 00:21:21,528 --> 00:21:30,748 inefficiency as I'm marking on now any liquidity or imbalance 238 00:21:30,748 --> 00:21:34,468 that was left on this large move is being rebalanced before 239 00:21:34,468 --> 00:21:43,588 large banks are continuing the price okay? It's number four. 240 00:21:43,588 --> 00:21:54,408 Okay so I need to change this. That says demand. Supply. 241 00:21:55,068 --> 00:22:01,328 And this bit here. So supply zones can be used to enter 242 00:22:01,328 --> 00:22:08,188 shorts. Supply zones can be used to enter shorts. We can 243 00:22:08,188 --> 00:22:15,908 also use them to close down any long positions. Long, not 244 00:22:15,908 --> 00:22:20,048 short, okay? So again, just if you're a bit confused because I 245 00:22:20,048 --> 00:22:23,528 didn't update this. Supply zones can be used to enter 246 00:22:23,528 --> 00:22:29,708 shorts as we push back into it. We can also use them to close 247 00:22:29,708 --> 00:22:37,988 down any of our long positions. Now you if I just go through 248 00:22:37,988 --> 00:22:44,088 something very key here. We push down which is expansion 249 00:22:44,088 --> 00:22:51,568 that came after consolidation but what do we tap into here? 250 00:22:51,568 --> 00:22:57,068 Well I've got it marked on. So if we look left what is this? 251 00:22:57,068 --> 00:23:00,608 Or it's a it's a demand zone right? Because we've expanded 252 00:23:00,608 --> 00:23:05,308 up from a range. 253 00:23:06,568 --> 00:23:13,408 So, if once we see price come down you know we can look for 254 00:23:13,408 --> 00:23:19,648 longs from here because we've tapped into a demand which also 255 00:23:19,648 --> 00:23:26,728 left imbalance. And notice how price has respected this area. 256 00:23:26,728 --> 00:23:30,268 Even if I drag this out. Now I've got this line on because 257 00:23:30,268 --> 00:23:35,008 it's marking the halfway point. Of the demand. Or this order 258 00:23:35,008 --> 00:23:40,668 block. This is more so an order block. This candle here. This 259 00:23:40,668 --> 00:23:44,928 line is the equilibrium point of the order block. So that 260 00:23:44,928 --> 00:23:51,168 means it's the halfway point. You can see price taps in. Now 261 00:23:51,168 --> 00:23:55,788 the equilibrium gets respected a lot um with these sort of 262 00:23:55,788 --> 00:24:01,008 supply and demand levels. We tap in. We push off. So if we 263 00:24:01,008 --> 00:24:05,968 was looking for a long here Let's just say we looking to 264 00:24:05,968 --> 00:24:10,228 get along here. Obviously I'm not going down on lower time 265 00:24:10,228 --> 00:24:14,968 frames. I'm just showing you the the concepts of supply and 266 00:24:14,968 --> 00:24:18,928 demand. So our stop loss would be just below. And we enter the 267 00:24:18,928 --> 00:24:23,488 top. Now that we know we have this supply up here. We can 268 00:24:23,488 --> 00:24:29,468 target it. As it as it says here. Okay. We can target sort 269 00:24:29,468 --> 00:24:35,288 of the beginning or the base of the supply and you can see how 270 00:24:35,288 --> 00:24:40,928 how perfectly it played out. Now this is a 4.3 R with a 271 00:24:40,928 --> 00:24:44,288 twenty-six pip stop loss. Now in lower time frames we can get 272 00:24:44,288 --> 00:24:49,148 in with AA much tighter stop loss than this but this is just 273 00:24:49,148 --> 00:24:56,568 to show the concepts. So let me tap in to the supply. And then 274 00:24:56,568 --> 00:24:59,488 Bischof. 275 00:25:03,068 --> 00:25:08,368 Let me just delete this off. And you you can see how price 276 00:25:08,368 --> 00:25:14,068 has kept to this demand. We've respected it. We actually 277 00:25:14,068 --> 00:25:17,128 mitigate more than 50% here. So we actually mitigate around 278 00:25:17,128 --> 00:25:23,048 ninety percent. Before we then continue. So I wouldn't be 279 00:25:23,048 --> 00:25:26,708 surprised if we then push up a little bit more and then we we 280 00:25:26,708 --> 00:25:32,288 come down because this has been mitigated now so we can 281 00:25:32,288 --> 00:25:36,028 actually come down. Large 282 00:25:36,568 --> 00:25:42,108 and pass this order block or demand level. But if we just 283 00:25:42,108 --> 00:25:46,368 focus back on the supply you can see we come out expansion 284 00:25:46,368 --> 00:25:53,088 this comes after the consolidation we come back up 285 00:25:53,088 --> 00:25:59,808 to rebalance we tap in so we can set our entry at the the 286 00:25:59,808 --> 00:26:05,028 low of the the range we have our stop loss again just above 287 00:26:05,028 --> 00:26:09,768 one to two pips above the high of the range and the supply 288 00:26:09,768 --> 00:26:15,968 zone with the expect that we're gonna tap in mitigate you know 289 00:26:15,968 --> 00:26:22,588 we could just tap tap in by a couple pips or we could push up 290 00:26:22,588 --> 00:26:28,548 higher right to the top of it and then continue from here. In 291 00:26:28,548 --> 00:26:35,748 this example you can see we tap in by a couple pips and then we 292 00:26:35,748 --> 00:26:42,048 respect the supply zone and price is now rebalanced so we 293 00:26:42,048 --> 00:26:47,508 can continue down and looking looking for lower lows but also 294 00:26:47,508 --> 00:26:52,548 understanding what we have here okay this is why prices respect 295 00:26:52,548 --> 00:26:57,948 in this area you can see we tap in once twice three times 296 00:26:57,948 --> 00:27:01,748 mitigate gate ninety percent. Tap in again. And now it looks 297 00:27:01,748 --> 00:27:08,848 like we're pushing off. This could push up to another sort 298 00:27:08,848 --> 00:27:14,248 of supply or a bearish order block up here because this is 299 00:27:14,248 --> 00:27:19,428 the last up move before the down move broke structure. But 300 00:27:19,428 --> 00:27:23,748 that's all I wanted to cover really on supply and demand. So 301 00:27:23,748 --> 00:27:26,808 what we're gonna get into next it's gonna be order blocks and 302 00:27:26,808 --> 00:27:30,348 how we can go about trading them. And then refining them 303 00:27:30,348 --> 00:27:33,788 down on lower time frames.