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Attachments: Trading Currency Futures using Sam Seiden Supply & Demand levels
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Trading Currency Futures using Sam Seiden Supply & Demand levels

  • #261
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  • Jun 13, 2013 1:48am Jun 13, 2013 1:48am
what do you see?
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  • #262
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  • Jun 13, 2013 3:14am Jun 13, 2013 3:14am
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  • #263
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  • Jun 14, 2013 9:43am Jun 14, 2013 9:43am
ES buy m10
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  • #264
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  • Jun 16, 2013 4:18pm Jun 16, 2013 4:18pm
Quoting TEB63
ok same thing with S/D on another pair I traded {image}

ok, i didnt see any supply and demand levels PROPPERLY drawn corectly in all of your charts. sam seiden make in his tutorials very clear how to set up these fresh levels.

given that the future market use the same charts, why should it work the same? btw why should`t forex be some real people? its just a bigger market
  • #265
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  • Jun 16, 2013 7:12pm Jun 16, 2013 7:12pm
believe I know how to do it and draw it

I use S/D but a little diff in Forex


Cheers

TEB
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  • #266
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  • Aug 11, 2013 7:35pm Aug 11, 2013 7:35pm
Hi Guys, I am new to this forum. It is interesting to know about Sam Seiden and his supply and demand stuff. Can some one send me the indicator that best represents his S&D method of trading? Thanks in advance. Kind regards. Sachu
  • #267
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  • Sep 6, 2013 1:57pm Sep 6, 2013 1:57pm
Hi,

I like Sam Seiden's approach for its educational value - it teaches you a lot about how market works.

However, I have serious doubts about some parts of his approach. Mostly, what I don't understand is this: if price leaves some level quickly, then there must be an imbalance of supply and demand on that level at the time price leaves the level (that part I understand). And if price comes back to that level after some time, we can expect the price to bounce back from that level because there is STILL an imbalance on that level; in other words, there are large unfilled orders waiting on that level. Now that part I don't understand. What is the basis for believing that there are unfilled orders on that same level?Why should we assume that the Big Institutions want to buy or sell on that very same level they did a while ago?

I wonder if mr. Seiden has an explanation that he only shares in his paid lessons, because in the free webinars, I have never heard him explain that part. Sometimes students have tried to ask Seiden questions related to that, but he always dodges these questions.

Above, page 12 of this thread, Chica asked a somewhat similar question, but in more technical terms.

Is there anyone who can explain that, please?
  • #268
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  • Sep 9, 2013 1:28pm Sep 9, 2013 1:28pm
Quoting louisaparker
Hi, I like Sam Seiden's approach for its educational value - it teaches you a lot about how market works. However, I have serious doubts about some parts of his approach. Mostly, what I don't understand is this: if price leaves some level quickly, then there must be an imbalance of supply and demand on that level at the time price leaves the level (that part I understand). And if price comes back to that level after some time, we can expect the price to bounce back from that level because there is STILL an imbalance on that level; in other words,...
I interpret this as a concept of cheap/expensive. When a price reaches a certain level, some companies start to buy/sell. This don't have necessarily to be banks or hedge funds. If you look at the Commitment of Traders reports, you will see that the funds typically are trading with the trend while hedgers (companies doing business with products in foregin currencies for example) trade against the trend.
  • #269
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  • Sep 9, 2013 1:49pm Sep 9, 2013 1:49pm
Hope you don't mind me posting a picture from an Windows desktop trading app i made that automatically finds supply / demand across all timeframes; it analyses all the candles to find phases of momentum that are still intact. I think my thread is a perfect appurtenance to this thread, so members will get a better picture if the two are used symbiotically. I'm a big of Sam Seiden's vids and wrote this on my site:

Quote
In the words of Sam Seiden, each time price chops away at support or resistance, the tree becomes weaker.

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  • #270
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  • Oct 29, 2013 4:34am Oct 29, 2013 4:34am
Quoting Rail
Hello everyone. I'm not here for a long time was. Received another letter from Sam Seidon and a little indignant. He describes the sale USDCAD and the level where they sell the banks. Why are outraged? I will answer.Figure 1 shows the level of supply (yellow), I do not mind to sell at that level, but there is the same level and above and below this level (green). Any trader who just started trading - make a mistake and sell at these levels will be at a loss. Most likely it is for a free review, but also misleading.original: http://lessons.tradingacademy.com/ar...really-an-art/...
I'm all for criticising OTA and Sam Seiden, but you are wrong on several issues:
1. These are stacked levels, the higher level is the higher probability due to it being at more extremes and demand at the other levels have been taken out of the equation leading to a higher potential of down move at the extreme level.
2. There was supply at those other levels so you could have traded them but with more aggressive management.
3. Even if you had taken all those levels and got stopped out on two of them, guess what, the last trade would have made you profitable overall.
  • #271
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  • Jun 28, 2014 11:59am Jun 28, 2014 11:59am
Dears

Could you please let me know how can i find more about this strategy? how can i learn it? is there any book ?
  • #272
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  • Jun 30, 2014 5:51am Jun 30, 2014 5:51am
Quoting mostafalotfi
Dears Could you please let me know how can i find more about this strategy? how can i learn it? is there any book ?
Sam is (or was last time I heard) one of the Online Trading Academy's lead instructors, and therefore, his full training is available from them. However, if you Google "Sam Seiden" "supply and demand" you should find a number of free articles he posted that give you a pretty good idea of his strategy (and read through all this thread). Basically, my understanding is it's about trading reactions from significant S&D levels, with the probability of getting a decent reaction modified by things like how price got to that level (e.g. a parabolic move or a gradual crawl?), what it did last time it approached that level (straight to it and bounce off, or consolidate and eventually react?), how often it's been here recently, whether the level is also significant on long term charts,and so on. Sam isn't the only trading tutor to teach this sort of method - I believe it's sometimes referred to as 'reaction' trading - the idea being that statistically, price is more likely to react from a significant level than break it - even if you don't get a big bounce off the level (for e.g. a swing trade), you may well get a tradeable reaction to capture 10, 20 or more pips on a day trade.

At various times Sam has advocated 'set and forget it' for this trade (ie set you entry, stop and targets and walk away till it's done), but others suggest managing the trade carefully by pulling your stop in when possible, getting it to breakeven when feasible, taking some profit at modest levels along the way while you have it, and perhaps finishing with an automated trail stop if you get a 'runner'.

Some tutors advocating this method recommend a great deal of screen time with trading exercises using e.g. Ninja Trader's Market Replay function to get an intuitive feel for how the particular market you're trading (in FX, which pair) reacts from significant levels before applying this method - but hey, did that ever do any harm for any kind of trading?
  • #273
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  • Mar 9, 2015 11:26am Mar 9, 2015 11:26am
Quoting Rail
Hi all, I decided to share the article, which came to my e-mail, I think you will be very helpful. Great Question I received an email recently with a question regarding my opinion of indicators and chart patterns. I began to reply to the email and then stopped. I thought, if this reader has this question, perhaps others do as well. Given that many short term traders lose money and most long term investors never come close to achieving their long term financial goals, I felt it was my responsibility to give my honest opinion of conventional chart...
Very Great!
Unfortunately, the pictures can not see
  • #274
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  • Mar 21, 2015 8:34am Mar 21, 2015 8:34am
Sam speak always -" We see on several the timeframe". Why does He speak? One should always remember what level don't work constantly. Why do we try to trade the everything level. It's not good! Who were remember a article "Big Pictures"? I saw a topic and undestand, nobody use the rules. I think in a closed part akademy Sam speak about it.
  • #275
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  • Last Post: Feb 14, 2019 5:10am Feb 14, 2019 5:10am
Quoting JimDandy
. {image} {image} {image} ..
https://www.forexfactory.com/showthr...32#post6559432
hi
These photos are in this post
Which one brokerage is it?
mt4????
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