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Sam Seiden Goes DOWN

  • #41
  • Apr 10, 2020 9:45am Apr 10, 2020 9:45am
Quoting SirOrigami
{quote} It's hard when you are new, and don't know where to start. Getting in the hands of the right mentor can fast forward your progress years and years. But you don't know who is good in this business.
I've seen anyone with anything worthwhile in trading selling a thing. It simply doesn't work that way. I know everyone will now pipe up with stories of this dilbert and that, but I've been around the block for so long now, I'm confident enough to say it - every course I've ever seen is either someone clueless selling something without knowing they know nothing of real value, or someone who knows what they're selling is worthless but sells it anyway.

Any and every trading technique is about spotting where people are going to buy and where they're going to sell. It's what it's based on that varies; some might look at planetary cycles, others looking at how movement can inflict maximum pain, and yet more based on pure inside information; real genuine orderflow. Even confusing terminology like accumulation and distribution can't disguise that its the same principles world over.
You know, you hope, or you guess.
  • #42
  • Edited 10:43am Apr 10, 2020 10:10am | Edited 10:43am
Quoting Chronus
{quote} The thing is supply and demand regulate price in a free market economy. Sam Seiden has nothing to do with this. He may have committed the offense as charged but if supply and demand determine market price then he has committed no offense.
Quoting Chronus
{quote}An equilibrium zone, as you well know, is the price level where supply and demand intersect.
"Price level where supply and demand intersect" What is this supposed to mean??? No offense mate, but I don't find any sense on that.


Well of course he has commited a crime selling courses to people, saying they can learn how to identify Supply and Demand in a chart... that's pure bullshit.. There is no way on earth you can identify a "ZONE" of S&D in a chart.. That doesn't exist.

Yes, the whole market is supply and demand... that's how the worlds economy works. But this is about different fluctuations of the price, interconnected currency exchange around the globe because of many different reasons, like:

People around the world who might think the price of a currency is too high might start exchanging this overvaluated currency for another that is supposed to be undervaluated.

Companies and corporations making business deals around the world, exchange of goods between countries..

People speculating with politics, economy, interest rates, debts, inflation, different monetary policys around the globe.. We have money fluctuating depending on natural disasters, worldwide diseases (like the famous pandemic Coronavirus).. WARS... Oil export-import, Gold export-import attached very strongly to many currencies... Petrodollars, PetroRubles, PetroYuans..

Then of course, we can't forget about emotions.. Fears.. Greediness, etc..

And to keep on adding, we have the biggest financial institutions in charge of money flow.. like the Bank for International Settlements (banks of the banks).. IMF, World Bank, and all the Central Banks around the world...

All of this things and much MORE (that I will not add cuz it will take me a long time).. Interconnected in this HUGE mass of money fluctuating in the market...
Going up and down.... Supply and demand..


So you say it's all about your own effort to make Sam Seidens methodology work, right??
If you are so kind.. could you explain to me... how do you even recognize a "S&D zones" with all this going on in the world 24/7 ???

Doesn't Sam Seiden theory looks like a fairy tale??? I mean, he got charged for this, right?

GMD

PS: I don't want to miss the whole point here.. What I am saying is... people like to believe this bullshit theories about technical analysis because if they can achieve this, it will make them look like "cool traders"... So a conn artist like Sam Seiden sells this theory of "supply and demand zones" and people buys it blindly...

That's why I ask for proof of profitability... prove your words mate.. otherwise you are just talking shit.
  • #43
  • Apr 10, 2020 10:13am Apr 10, 2020 10:13am
Quoting SirOrigami
{quote} It's hard when you are new, and don't know where to start. Getting in the hands of the right mentor can fast forward your progress years and years. But you don't know who is good in this business.
Honestly i don't think you need a mentor, or someone to tell you what to do.

Internet is FULL of trading education, keep digging and you'll find how the basics work.

Then its up to you to develop your own strategy.

My advise is don't follow anyone, anytime, anywhere. You can chat, share ideas, but don't base your analyse based on anyone's call. It will be a total failure
COT: The precious data ignored
  • #44
  • Apr 10, 2020 10:36am Apr 10, 2020 10:36am
Quoting Shabs19
{quote} Simple answer is No. They are being investigated for : The Fedral Trade Commission (FTC) alleges that Online Trading A cademy (OTA) uses false or unfounded earnings claims to sell “training programs” According to the FTC, OTA misrepresents that it has a patented “strategy” that anyone can use to generate substantial income from trading in the financial markets. FTC alleges that OTA’s own surveys indicate that its customers are not making the type of income OTA advertises. Evidence obtained by the FTC also indicates that instructors’ claims...
But mate, then the answer is YES! He is being charged of selling something that doesn't work...

He promises his clients they will be trading a strategy of Supply and Demand and they will make a lot of money....

BUT THEY WON'T.. because its all bullshit. This is why I keep saying.. He can't prove profitability.. Same as all Supply and Demand traders... Same as all S&D Gurus in this Forum..

But HEY... "if you can't make money out of Sam Seidens courses... then is your fault for not making the effort or maybe you are not smart enough".... BULL.. SHIT....

Saying those kinds of things is what kept that scamming business going for years.... People believe that shit.. Mate, if you paid $35k for his trading courses... then you should be fucking rich by now....
  • #45
  • Apr 10, 2020 10:45am Apr 10, 2020 10:45am
Quoting GMD
{quote} {quote} "Price level where supply and demand intersect" What is this supposed to mean??? No offense mate, but I don't find any sense on that. Well of course he has commited a crime selling courses to people, saying they can learn how to identify Supply and Demand in a chart... that's pure bullshit.. There is no way on earth you can identify a "ZONE" of S&D in a chart.. That doesn't exist. Yes, the whole market is supply and demand... that's how the worlds economy works. But this is about different fluctuations of the price, interconnected...

I wrote a lot, I am sorry

If you are not interested in reading it all, I understand. That's why I am gonna make it short with just one question.

How do you idenfity a "S&D zone" with recent events like Covid-19?? Or Oil war between Saudi Arabia and Rusia??

How can you recognize a "Zone" on something totally unexpected, totally unknown... impossible to predict.

Unless you are Bill Gates or the person in charge of lowering oil prices, of course
  • #46
  • Apr 10, 2020 11:04am Apr 10, 2020 11:04am
Quoting GMD
{quote} {quote} "Price level where supply and demand intersect" Well of course he has commited a crime selling courses to people, saying they can learn how to identify Supply and Demand in a chart... that's pure bullshit.. There is no way on earth you can identify a "ZONE" of S&D in a chart.. That doesn't exist. Yes, the whole market is supply and demand... that's how the worlds economy works. But this is about different fluctuations of the price, interconnected currency exchange around the globe because of many different...

Supply and demand do exist. You can spot them on charts. Especially if you trade on daily, weekly and monthly. I would not recommend trading, S&D on lower time frames. I will attach some of the S&D charts. You can recognize S&D The demand zone is where all the big buyers are located. The supply zone is where all the big sellers are located. You can see how fast the price is moving once it reaches one of those levels. When you trade during times like today with covid-19, you pay attention to the fundamentals. When this came by I was selling EURUSD and made good money. But I could also spot where it reached supply and where was next demand. Sometimes the price does break supply and demand but goes back to usually where it suppose to. You obviously do not understand how to trade S&D and i can also see by your chart images that you use a lot of indicators and so on. If that is what you're comfortable with that is your strategy good for you. I would never use what you have on your charts. To me a simple S&D zones, sometimes you can draw your trend lines to see what is price doing or what is happening next. Look at COT numbers and pay attention to fundamentals. All the tools are there. I do not use indicators because they are lagging and unpredictable. When the indicator shows buy or sell, too late it already happened. If you know how to trade S&D, you can spot entries way sooner. BTW, S&D was there way before Sam Seiden started advertising it. I learned S&D strategy online and here, it was all research and everything was free. You say it's pure bull*hit S&D. No it is not, if you can't find it, and you obviously do not understand it, does not mean it is not there. It is there supply and demand that is how economy works. That's it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 43 KB
Click to Enlarge Name: EURUSDweekly.png Size: 44 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 48 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 41 KB
Click to Enlarge Name: NZDUSDMonthly.png Size: 55 KB
Click to Enlarge Name: USDCADWeekly.png Size: 45 KB
Attached File(s)
File Type: xlsx Statement.xlsx   15 KB | 479 downloads
  • #47
  • Apr 10, 2020 11:07am Apr 10, 2020 11:07am
Quoting GMD
{quote} I wrote a lot, I am sorry If you are not interested in reading it all, I understand. That's why I am gonna make it short with just one question. How do you idenfity a "S&D zone" with recent events like Covid-19?? Or Oil war between Saudi Arabia and Rusia?? How can you recognize a "Zone" on something totally unexpected, totally unknown... impossible to predict. Unless you are Bill Gates or the person in charge of lowering oil prices, of course
GMD just because this guy scammed people does not mean supply in demand isn't real or you can't see it on a chart lol. You know better than this. Research what supply in demand is and how it works in currency markets. Support and resistance levels, areas where big buyers and sellers operate including banks.

This pandemic is no different. What we are seeing is the result of supply and demand, the reason OIL went down is the result of oversupply with decreasing demand. That is literally what happened there.

Just because you can't see it on your charts doesnt mean it's not real. Sometimes you can and sometimes you can't. Nothing works 100% of the time.

This is why I don't believe anyone can teach anyone how to trade, trading isn't just about entries. The entry is only 10% of the trade.
  • #48
  • Apr 10, 2020 11:07am Apr 10, 2020 11:07am
Quoting GMD
{quote} I wrote a lot, I am sorry If you are not interested in reading it all, I understand. That's why I am gonna make it short with just one question. How do you idenfity a "S&D zone" with recent events like Covid-19?? Or Oil war between Saudi Arabia and Rusia?? How can you recognize a "Zone" on something totally unexpected, totally unknown... impossible to predict. Unless you are Bill Gates or the person in charge of lowering oil prices, of course
Looking from higher timeframes like monthly and weekly, and confirming down on daily or 4 hour time frame. Looking and paying attention to fundamental news, you should have known that in March , it was bearish.
  • #49
  • Apr 10, 2020 11:15am Apr 10, 2020 11:15am
Guys... guys... many many years ago I have studied Supply and Demand myself... I have read threads like "Trading institutional order flow" or "C12 Supply and Demand Thread"... for hundres of hours...

Luckily I realized soon enough it is all bullshit... There is not such thing as "S&D zones" in a chart...

Again.. I have tried it.. I have put A LOT of time into it... I even messaged this guys in private, and at some point they offered some courses for some cash.. I asked for proof of profitability.. and of course they got offended saying they didn't need to prove anything to me.. It was my fault for not wanting to make the effort...

BULL... SHIT...

Can you make money from trading like this??? Perhaps... But NOT because of S&D methodology itself... How many times you identify a "zone" and price goes thru it.. touches your SL and then goes the way you "predicted"...
This threads I mention talk about a specific strategy or methodology... with R:R targets... SL and TP .. 1:2 .. 1:3... 1:4.. even more...
There is no such thing.

Like I always say.. price goes up and down... It all depends on how you manage your capital on each trade and each position you are in..

It is up to you.. if you want to believe some fairy tale teller... or someone with actual TE in his profile..
  • #50
  • Apr 10, 2020 11:17am Apr 10, 2020 11:17am
Quoting GMD
Guys... guys... many many years ago I have studied Supply and Demand myself... I have read threads like "Trading institutional order flow" or "C12 Supply and Demand Thread"... for hundres of hours... Luckily I realized soon enough it is all bullshit... There is not such thing as "S&D zones" in a chart... Again.. I have tried it.. I have put A LOT of time into it... Can you make money from trading like this??? Perhaps... But NOT because of S&D methodology itself... How many times you identify a "zone" and price goes thru it.. touches your SL and...
Supply and demand isn't just what is on your charts. Your research doesnt mean it isn't real. Just because you do not understand something doesn't mean it doesn't work.
  • #51
  • Apr 10, 2020 11:17am Apr 10, 2020 11:17am
Quoting GMD
Guys... guys... many many years ago I have studied Supply and Demand myself... I have read threads like "Trading institutional order flow" or "C12 Supply and Demand Thread"... for hundres of hours... Luckily I realized soon enough it is all bullshit... There is not such thing as "S&D zones" in a chart... Again.. I have tried it.. I have put A LOT of time into it... Can you make money from trading like this??? Perhaps... But NOT because of S&D methodology itself... How many times you identify a "zone" and price goes thru it.. touches your SL and...
You do not know and understand how to apply supply and demand strategy with other tools i have mentioned like COT and paying attention to fundamental analysis. You do not know how to trade S&D strategy. You do not understand it and you probably never will. Try and find other way to trade that will bring you profit every month.
  • #52
  • Apr 10, 2020 11:19am Apr 10, 2020 11:19am
Quoting Techanalyst
{quote} Supply and demand do exist. You can spot them on charts. Especially if you trade on daily, weekly and monthly. I would not recommend trading, S&D on lower time frames. I will attach some of the S&D charts. You can recognize S&D The demand zone is where all the big buyers are located. The supply zone is where all the big sellers are located. You can see how fast the price is moving once it reaches one of those levels. When you trade during times like today with covid-19, you pay attention to the fundamentals. When this came by I was selling...
Ok.. it works for you??

Prove it.

And hey, i don't mean to be rude.. It is just that in this thread.. a lot of people say all the time "hey this works.. no this other thing works better"... well prove it.

At least I upload a TE.. I am not afraid to show if I lose. I don't hold the truth of anything..

But I upload a TE to back up my words.. So far I haven't seen a S&D trader to do so.

TE from regulated broker btw.

GMD
  • #53
  • Apr 10, 2020 11:23am Apr 10, 2020 11:23am
Quoting GMD
{quote} Idk mate, I have a Trade Explorer activated at least. And I don't trade "S&D"... don't need to.
I have attached everything you need to see. Everything is prove right there. I will not attach TE, for what? For you? Like this I will leave you wondering, have i been here for years day to day bases sharing my charts and analysis, sharing my profit and losses, on a demo account? Or am I really trading this for a living. I will let you think about that. Keep in mind I have a house and a car like a lot of people do and I have bills to pay like all of us do. I know for a fact that i can't have this if I trade on a demo account. S&D works for me, if it does not work for you, find something that will.Trade safe.
  • #54
  • Edited 12:22pm Apr 10, 2020 11:25am | Edited 12:22pm
Quoting GMD
Guys... guys... many many years ago I have studied Supply and Demand myself... I have read threads like "Trading institutional order flow" or "C12 Supply and Demand Thread"... for hundres of hours... Luckily I realized soon enough it is all bullshit... There is not such thing as "S&D zones" in a chart... Again.. I have tried it.. I have put A LOT of time into it... I even messaged this guys in private, and at some point they offered some courses for some cash.. I asked for proof of profitability.. and of course they got offended saying they didn't...
A couple of the guys in my Discord server have mentioned you've dropped my name and now you've done it again I need to step in.

Firstly I am not a guru, educator or salesman. I am a just a regular dude like anyone else on here who has put in the years of effort and now a full time trader. My thread was a personal journal of my trading journey and nothing else.

If you have spent hundreds of hours reading my posts you'll know I'm not entirely a supply and demand zones trader.

I trade price action in a way that I've learned myself over the last decade of probably 100,000 hours of screentime. I use S&D concepts as a foundation but not in the way Sam Seiden teaches. If people got any ideas from it then great. If not then go and find some other system but don't complain about it.

Please edit your posts and remove any references to my name and I will delete this post as well.

Cheers
  • #55
  • Apr 10, 2020 11:27am Apr 10, 2020 11:27am
Quoting heispark
Nobody shares his edges and business secrets in this zero sum game....... If not, then 99.99% SCAM. Period!
It's always a 100% scam, there are no exceptions.
  • #56
  • Apr 10, 2020 11:27am Apr 10, 2020 11:27am
Quoting Techanalyst
{quote} I have attached everything you need to see. Everything is prove right there. I will not attach TE, for what? For you? Like this I will leave you wondering, have i been here for years day to day bases sharing my charts and analysis, sharing my profit and losses, on a demo account? Or am I really trading this for a living. I will let you think about that. Keep in mind I have a house and a car like a lot of people do and I have bills to pay like all of us do. I know for a fact that i can't have this if I trade on a demo account. S&D works for...
Mate, again not trying to offend you..

As you can see.. Sam Seiden got charged for scamming people selling his courses of Supply and Demand.. He has never proved being profitable.

Now you come here saying his theory works... Well I am sorry but I highly doubt it.

You keep saying I should find something that works for me.. as if you couldn't see my TE.

Anyways, if trading S&D makes you happy. Good for you mate.

Cheers
GMD
  • #57
  • Apr 10, 2020 11:30am Apr 10, 2020 11:30am
Quoting GMD
{quote} Mate, again not trying to offend you.. As you can see.. Sam Seiden got charged for scamming people selling his courses of Supply and Demand.. He has never proved being profitable. Now you come here saying his theory works... Well I am sorry but I highly doubt it. You keep saying I should find something that works for me.. as if you couldn't see my TE. Anyways, if trading S&D makes you happy. Good for you mate. Cheers GMD
I have not claimed once that Sam Seiden strategy works. Nowhere and I have never taken any of Sam Seiden courses and never will. I did say that S&D was there way before Sam Seiden mentioned this strategy. I mentioned that I thought myself S&D looking for information online. It payed off really well for me. Trade safe.
  • #58
  • Apr 10, 2020 11:37am Apr 10, 2020 11:37am
Quoting GMD
{quote} But mate, then the answer is YES! He is being charged of selling something that doesn't work... He promises his clients they will be trading a strategy of Supply and Demand and they will make a lot of money.... BUT THEY WON'T.. because its all bullshit. ..
The FTC are protecting America's Consumers, especially the older ones who were targeted with false or unfounded earnings claims.

Basically the marketing tactics of the organisation are brought into question. Once you are invited onto their "Free trading seminar" then
after the presentation by so-called tutors, slideshows/charts of how it's done, how easy it is etc., showing immense wealth (the dream),
you are targeted by unscrupulous sales people individually in a separate room to part with your cash, (the hard sell).
Buy now at a discounted rate etc. deal of a lifetime, buy on credit, guaranteed income for life, etc. etc. You know the picture.

Promised refunds if not succesful, but with a signed NDA only not to criticise anyone associated with the company etc.
Those who did were taken to court or threatened with legal action.

It was the "sharp practices", the mis-selling, that the FTC are suing the OTA similar to the way the Banks were sued in the UK fro mis-selling insurance.

I sense from your language that you have not understood what Supply & Demand is in the markets, it is basic economic law of the free market.
Manipulation aside, it should give you some reasons to base your opinions on a market. How you find this on a chart and how to exploit it, is
something that only comes from knowledge & experience.

Easy to say this does not work or that does not work. Plenty of Free education out there, you just have to spend the necessary time to learn it.
Take what you can, discard the rest.
It never gets easier, you just get better
  • #59
  • Apr 10, 2020 11:38am Apr 10, 2020 11:38am
Quoting turnip15
{quote} And the James16 site that suddenly died. Started with Pin bars didn't it? Still has followers albeit no captain.
What I understand is that there is a private paid forum for members of the James16 group. Pinbars still work..before and after James16. Everything you need to know to become successful is laid out before you on the charts. One does not need to cough out an exorbitant amount in order to pursue practical knowledge of forex trading that would launch one on the path of consistent profitability.
Fred
  • #60
  • Apr 10, 2020 11:38am Apr 10, 2020 11:38am
Quoting C-12
{quote} A couple of the guys in my Discord server have mentioned you've dropped my name and now you've done it again I need to step in. If you have spent hundreds of hours reading my posts you'll know I'm not a supply and demand zones trader. I trade price action in a way that I've learned myself over the last decade of probably 100,000 hours of screentime. Yes, I do use S&D concepts as a foundation but not in the way Sam Seiden teaches. Secondly I am not a guru, educator or salesman. I am a just a regular dude like anyone else on here who has put...
To be fair, I haven't spent as much time reading your thread as I read the other I mentioned. But if I remember correctly.. YES, you traded this zones with PA combined..

Like I said this was years ago..

Lastly, a friend of mine who spent more time in your thread than I did.. Mentioned something about your teaching services in exchange of money... You don't need to be a salesman.. a private message from someone interested to learn is more than enough to get some cash in exchange of "knowledge".

Again, Sam Seiden has been proven to be a scammer with this S&D theory.. Still, people defending his theory saying they "combine" with other things... Sure...

All I am saying.. S&D works for you people?? Prove it....

"oooh noo but I dont need to prove you anything" bla bla bla bla
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