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MapleStax

20 Nov, 10 tweets, 3 min read

How to identify and trade Supply and Demand zones!

🧵 A THREAD 🧵
This will be a simple explanation of my use of Supply and Demand zones.

1. Supply and Demand is similar to resistance and support, but S/D allow you to recognize where buyers and sellers are present. This gives me confidence when placing my orders.

2.If you understand support and resistance, then you are halfway to understanding S/D! Know that you should not have blind orders in potential zones, always gauge price action and how quickly it is approaching your zone.

3.What I look for when searching for zones are tight consolidation channels prior to a large move. I also look for rejection wicks and will draw zones off them. Drawing anything on a chart is subjective, but through experience you will find accuracy.

4.The larger the time frame, the stronger the zone typically. I use intraday zones from the 3/5/10 minute chart, but understand that there are stronger participants in the market who will only trade big picture zones. (1h/4h/1D)

5.Multiple taps into a zone can show weakness, but we must gauge the pivot/micro trend. If we are seeing HL maintain, then it remains bullish until HL is broken. Same goes for upper price rejection if we continuously see LHs off supply. Gauge the trend’s strength.

6.When scaling in I will use descending bids (smaller bids near top of zone, larger bids near bottom) so that my average stays as low as possible with tight risk beneath the zone. I never stop out right on the support break.

7. One of my favorite trades are taking my entry from zone to zone. This provides clear risk to reward management and generally a stress free trade. Take your wholesale price entries and offload them at retail prices. Supply and Demand in a nutshell.

8. I use Supply and Demand every single day, it gives me more information and allows me to understand the dialogue between bears and bulls. Do you use Supply and Demand? If so let me know how it’s affected your trading!

9. Patreon Daytrading/Swing Trading education for Small and Large Caps:
Patreon.com/MapleStax
Patreon.com/MapleStax

Twitch daily live trading streams:
Twitch.tv/MapleStax come trade with us!

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1. Each morning I will chart out the channel that is presented in ext hours. This provides me clear levels to take Calls/Puts off of if price were to reject/base. I gather my contracts I am interested in and have them ready to execute for open.

2. Prior to open I will chart out any Supply and Demand zones where I feel confident participants in the market are present. This gives me more strength when selecting contracts and confirming my analysis of the current trend.

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2. Identify a support level to base risk off. Do this by looking at time frames larger than the 1 min and placing horizontal trend line. I don’t stop out right on support, I have a SL in a small range below support. Never on the half and whole dollar psychs.

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2. I was frustrated with my lack of confidence in my own plays, so I began taking entries on my best setups with rather small size. Each time I was right I gained a small boost of confidence. I saw a positive change in my consistency.

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