Supply and Demand, Price Action and Wide Range Bars

A free website (www.the-bargap-trader.com) with no commercial strings whatsoever is associated with this thread. It represents the opinions of the thread starter.

Welcome supply and demand traders! Here I'm going to post my take on how to trade with supply and demand but your strategies are also welcome. I followed Redsword11 from the beginning of his "Price is Everything" thread until his mysterious disappearance. Many offshoots of Red's thread sprouted up but most seem to have gone commercial. I'm hoping to start this thread in the spirit of Red's thread.

Supply = selling: Historical bearish chart patterns or bearish reversal patterns that led to a decrease in price. All identifiable supply areas on a price chart are historical and will not necessarily cause a price decrease when engaged by future price.

Demand = buying: Historical bullish chart patterns or bullish reversal patterns that led to an increase in price. All identifiable demand areas on a price chart are historical and will not necessarily cause a price increase when engaged by future price.

Although the title includes reference to Wide Range Bars that term will no longer be used in this thread starting on post 279. Proper terminology on this thread will be:

Supply Gap Bar and Demand Gap Bar. They are bars that are significantly larger than the previous 3 bars and include a gap. Below is a model.

Some good stuff today

Interesting.. but why range bars?

Not sure what you mean by "range bars"

I look for Wide Range Bars which are those significantly larger then the previous 3 bars.

I use "bar" charts rather than candlestick charts.

Hope that clarifies.

Your charts, configurations and questions or comments are very welcome.

Late entry but giving it a go. 3:1 target.

Hey Winston, when you have a moment can you do a quick SD 101 on how you draw your boxes. Thanks

Check out the models on the first post. WRB bases usually but not always. A good look at my charts will help. If still question let me know and I'll do my best to clear it up. Trade on bro!

Another model. WRB gap.

Thanks. So the top of the previous bar and bottom of the WRB.... and the WRB Gap gets filled?

A clarification on differences between WRB and WRB gap.

WRB = Wide Range Bar. A WRB is one that is significantly larger than the previous 3 bars.
WRB Gap = Same as WRB but there is a gap between the high/low of the bar previous to the WRB and the high/low of the bar after the WR.

WRB Gaps are more significant and are often the origins of supply/demand.

The gap fill occurs when price returns.

Hi Winston,

could you explain why do you choose WRB in tf M15, not others?

Something to watch and learn. Don't recommend selling this.

More complete

This will help spot WRB,subscribed!

thanks for starting this thread.

Subscribed, but what happened to the previous recent thread you started?
I zoomed out a bit more and combined your 2 charts from gbpjpy zones on one chart. The gray zones are yours and the green ones are the biggest WRB gaps (on the low of the chart you can see the ATR of 1 so it clearly shows the biggest bars). so the question is why you didn't draw those 4 green zones?
on the right side of chart you draw (post #8) swap to supply and supply zone in the uptrend when we keep making HH and HL, why so, you ignore the trend?