Demand/supply blocks are ambiguous
Seems throughout Kyle's tutorials the main important theme is where you draw demand and supply blocks. All trades are dependent on this. However, in some of his examples I would have never recognized or agree with where to draw the blocks based on his teachings. Seems as though at times they are arbitrary. For example, for bullish usually view the adjacent red candle as the indicator to draw demand, but this isn't always true. In chapter 4, in the 5 min chart with superman move he highlights an entire green candle as the demand block, which is not what you would expect. Just seems to me that drawing supply and demand blocks are somewhat loosely defined. One person can clearly label a different block than another and potentially missing out or lose a trade because of it. If someone has some concrete advice on this please comment, or maybe I am missing something?
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2 comments
Rick Shin
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Demand/supply blocks are ambiguous
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