"You're solid gold, see you in hell"
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
5 years experience of {sam seiden} on supply & demand trading 21 replies
Sam Seiden's Supply/Demand zones 105 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Trading Supply & Demand (ob & os) 17 replies
DislikedSugar Pink,
Looking forward to what will share next. Always willing to see what others see that I missed.
We might not always agree, but we can get along, share & swap ideas as we go.
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DislikedI studied supply and demand for a while and saw a trap therein ....trying to understand what moves the market. I believe there are some who can do it. I couldn't compete in the Olympics even if I tried hard....I leave that game to guys with IQ over 130 and good emotional makeup.
ill stick to selling rallies and buying dips.Ignored
DislikedA little late to the party, but I think there is merit in the original analysis in that it illustrates that purely random movements can produce behaviour that others imply meaning too. However, in general such observations do not necessarily disprove the original premise that there is indeed merit in such chart patterns. The reason for this can I believe be best explained with reference to the much used simpler system of a dice. If I had a loaded dice that produced sixes more often than 1/6th of the time then you would naturally expect to see runs...Ignored
DislikedI've discovered the same thing using a random walk pattern just weeks ago... but I think the exact opposite to you! I think this discovery is HUGE! I think Sam siden is showing a FUNDAMENTAL NATURAL PHENOMENON OF NATURAL PRICE MOVEMENT (which basically is random). Who cares if he uses the concept of supply and demand to explain it.. thats just for our thick heads to get used to it.. Point is, he is showing a natural phenomenon that existis EVERYWHERE. You should be jumping up and down with joy having found a system that even works for RANDOM PRICE...Ignored
Disliked{quote} yes yes its a wonderful magical thing. this proves (?!?) that his patterns are correct LOL .. sure the patterns, some are correct others not.Ignored
DislikedI have some points that made me realize recently that Supply&Demand areas of Sam Seiden have no more value then Techinical Analysis. It is actually just another facy name for Technical analysis, with exactly the same flaws, same subjectivity. I've created these random walks. I used a normal distribution to get the inputs for the random variables. Markets can be modeled very realisticly using a normal distribution, although in reality they follow more a power rule distribution but in this case, its enough for what I am trying to show. {image} {image}...Ignored
DislikedSupply and demand zones even exist at sports betting exchanges such as betfair ( horse racing, football games etc.) There is nothing magical about them, it's just zones with significant imbalance of sell and buy orders. Whether it is an institution or large collective of smaller traders who enter at a popular level doesn't really matter, the effect is the same.Ignored
DislikedYou guys just proved that: If all dogs have 4 legs, and there are other animals that have 4 legs and look like dogs THEN of course all those animals are dogs. Congrats! Think about this. Now seriously, the random charts are so great that I can hardly believe they are random. I stared at them for minutes and they look so god damn real. The only thing you can prove here is that charts can't be used for prediction (where the market is going), they might be used for getting an edge (like long term 2ticks/trade on average).Ignored