Replies to post #122916 on Simple's Green Room

[pennies2007]

One method I'm using of helping to find the zones Jav is to look at the hourly chart on any pair. Find a big candle, either bullish or bearish that really stands out...a nice long one. In order to qualify, that candle should lead to a nice run in one direction or another. Once you find that key candle, the zone is usually fairly easy to spot.

[pennies2007]

Here's an example Jav. Originally, I had the 4 hour chart listed but the supply zone was pretty big. So I dropped to the hourly chart and was able to shrink the zone quite a bit. And I'm sure I can drop down to the 15 minute chart and narrow it down even more. Ideally, I like to see the zones around 20 to 30 pips. That narrows the stop loss down to acceptable levels.

[pennies2007]

One other thing to take note of Jav. When it doubt about a zone, just watch the price action. If you see a strong rejection of price at a particular level, look back and see if there's a prior supply or demand zone that agrees with the rejection. That can help us in getting our eyes sharpened to detect the zones ahead of time.