Rule of thumb in drawing demand and supply blocks ?

Michael Teixeira

Sep 11 • Trading discussion

Hello Community and coaches,

Below is a snapshot from the 'Creating a Daily Trade Plan video" located at:

Step 3: Big Money Playbook – Part 1

Creating a Trade Plan

Creating a Daily Trade Plan (video) at 1Minute 32 seconds mark.

Basically, I noticed the following in the lesson video – Supply was drawn at the FIRST previous High (not the second - in red pen), but Demand was drawn at the SECOND Previous Low, and not at the first previous Low (drawn in Green pen) . What is the “rule of thumb” ?

Again, I’m looking for the rule of thumb in drawing the demand and supply blocks.

Thanks much!

Mike

3 comments