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Sam Seiden Goes DOWN

  • #381
  • Apr 14, 2020 10:27am Apr 14, 2020 10:27am
Quoting profitfarmer
{quote} may noticed or not, the FTC is acting on behalf of not 1, but 3 plaintiffs, with names, phone numbers and emails included... so not exactly the faceless internet forum suspicion very likely, that said, just as at most job, while under investigation, the employee gets suspended, similar approach could be rightfully expected from FXStreet too, at least as a precaution. also, it is stated that the defendants' personal and corporate assets has been frozen...lets assume that is enough to credible doubt. sure, the final verdict will decide on...
FXStreet is just an advertising avenue, to get contact details of their subscribers. They are paid to post this stuff, as they have done for many years.
They probably aren't even aware of all this shitstorm.
However, by implication, FXStreet look like an endorsement of Sam Seiden. They could be on a commission, I doubt it but who knows ?
It never gets easier, you just get better
  • #382
  • Apr 14, 2020 10:31am Apr 14, 2020 10:31am
Quoting Shabs19
{quote} FXStreet is just an advertising avenue, to get contact details of their subscribers. They are paid to post this stuff, as they have done for many years. They probably aren't even aware of all this shitstorm. However, by implication, FXStreet look like an endorsement of Sam Seiden. They could be on a commission, I doubt it but who knows ?
Advertisement doesn't mean endorsement.
There are contractual obligations.
Know what you trade
  • #383
  • Apr 14, 2020 10:32am Apr 14, 2020 10:32am
Quoting profitfarmer
{quote} may noticed or not, the FTC is acting on behalf of not 1, but 3 plaintiffs, with names, phone numbers and emails included... .
Are these not the Lawyers acting on behalf of their clients the FTC (Plaintiff) ?

I don't think they have named the victims here, just my take here............
It never gets easier, you just get better
  • #384
  • Apr 14, 2020 10:33am Apr 14, 2020 10:33am
Quoting BWilliam
{quote} Advertisement doesn't mean endorsement. There are contractual obligations.
Would they not like to distance themselves from alleged fraudsters charged by no less than the FTC itself ?
It never gets easier, you just get better
  • #385
  • Apr 14, 2020 10:40am Apr 14, 2020 10:40am
Quoting Shabs19
{quote} Are these not the Lawyers acting on behalf of their clients the FTC (Plaintiff) ? I don't think they have named the victims here, just my take here............
correct. my bad on that part.
there is always, always another trade!!
  • #386
  • Apr 14, 2020 10:51am Apr 14, 2020 10:51am
If convicted under these charges as fraudulent, it becomes precedent. Marketers beware.
Attached Image (click to enlarge)
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Know what you trade
  • #387
  • Apr 14, 2020 11:53am Apr 14, 2020 11:53am
Quoting BWilliam
{quote} Advertisement doesn't mean endorsement. There are contractual obligations.
I didn't say means endorsement, by promoting, it just looks like an endorsement of Sam Seiden.

You really need to read the posts properly, before you comment.

They could cancel the advertisement if they feel it is in the best interests of their subscribers ?
It never gets easier, you just get better
  • #388
  • Edited 12:49pm Apr 14, 2020 12:33pm | Edited 12:49pm
Quoting Shabs19
{quote} I didn't say means endorsement, by promoting, it just looks like an endorsement of Sam Seiden. You really need to read the posts properly, before you comment. They could cancel the advertisement if they feel it is in the best interests of their subscribers ?
They will cancel the advert if they deem it to damage their image.
However, there may be contractual obligations that tie them down.
Suggestion of collusion is a little far fetched.
Know what you trade
  • #389
  • Apr 14, 2020 1:22pm Apr 14, 2020 1:22pm
puuuhhh...
20 pages now ..
why we don't talk about trading...

there are many Sam Seiden out threre and much, much more dumbasses who are willing to pay for shit..

boring...
  • #390
  • Apr 14, 2020 2:01pm Apr 14, 2020 2:01pm
Quote
Finally one thing one can do to start is look at a low time frame chart. Even one minute charts. Price is fractal so the movements on a 1 min or 3 minute chart are no different than on an hourly or H4 chart. Clear your mind of what you know and just observe. Don't dismiss individual bars or candles. This is essentially how many trade futures because they are usually tick charts and can move quite rapidly.

Very interesting Winston Reed,
There are a lot of successful traders (EURUSD Only) who swear by Daily and 4-hour charts, and then there are successful traders like yourself who swear by the exact opposite--1 minute and 3 minute charts; incredible, polar opposites, and yet both sides can claim many victorious days of trading, and some not so glorious days. It proves just how complex and difficult successful FOREX Trading can be. It's virtually impossible to find or create a successful trading system, and yet, still we trade.

And then out of the blue, after 10 bad trades, you make a successful trade, and BAM!, you feel 10 feet tall; your adrenaline starts pumping and you get all fired up. You forget all about the previous bad trades. You begin to feel, "Hey, I've got this now, I've finally got this" and then you go out and make 10 more bad trades. That's how FOREX keeps you addicted....and takes your $$$.

And yet....I'm THIS close to perfecting my trading system....
  • #391
  • Edited 6:38pm Apr 14, 2020 4:04pm | Edited 6:38pm
Quoting Jimtrade
{quote} Very interesting Winston Reed, There are a lot of successful traders (EURUSD Only) who swear by Daily and 4-hour charts, and then there are successful traders like yourself who swear by the exact opposite--1 minute and 3 minute charts; incredible, polar opposites, and yet both sides can claim many victorious days of trading, and some not so glorious days. It proves just how complex and difficult successful FOREX Trading can be. It's virtually impossible to find or create a successful trading system, and yet, still we trade. And then out...
Hi Jimtrade

The war of altitudes between the daily / weekly traders taking long term positions and the 1 or 3 minute scalpers taking very short term positions always intrigued me. I have spend years on both sides of the battle but for me there was a clear winner. I wanted the ability to be able to jump on the markets for a 3-5 hour session, make some money without fail and close up the end of the night with a increased equity amount.
I don’t want to rely on favourable news saving or helping my position but mainly I hated unfavourable news destroying my position. I believe the shortest possible time you need to be in the market to make money the better. This way I have control. If major news comes along, I lose all control of the setup.

Looking at my recent history, my average trade time over the past month is 5 minutes and I am normally always out with a profit.

Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #392
  • Apr 14, 2020 8:53pm Apr 14, 2020 8:53pm
Thank you RickM,
Cheers to you also. Interesting, 5 minute charts, eh? I really might have to rethink my trading strategy and try that. I am / was a big believer in the Daily, 4-hr, and 1 hour charts, with the occasional 15 minute chart thrown in for good measure. I always felt that was the way to go, "to see the big picture," but unfortunately I haven't been as successful as I should be by now. Maybe I need to reassess my thinking. I always told myself lower time frames were "too busy," "too much information, " or "You can't make out a pattern at such lower time frames."

But since I am not lighting up the boards the way I should be, maybe a new approach is needed. Hey, I made changes to my putting game last year and it did seem to be working. Maybe I'll make some changes to my trading strategy. Coincidence...?

Thank you for your comments.
  • #393
  • Apr 14, 2020 8:57pm Apr 14, 2020 8:57pm
Quoting Jimtrade
Thank you RickM, Cheers to you also. Interesting, 5 minute charts, eh? I really might have to rethink my trading strategy and try that. I am / was a big believer in the Daily, 4-hr, and 1 hour charts, with the occasional 15 minute chart thrown in for good measure. I always felt that was the way to go, "to see the big picture," but unfortunately I haven't been as successful as I should be by now. Maybe I need to reassess my thinking. I always told myself lower time frames were "too busy," "too much information, " or "You can't make out a pattern...
My advice is find a timeframe that fits your lifestyle. Everything works for someone.
  • #394
  • Apr 14, 2020 11:13pm Apr 14, 2020 11:13pm
Quoting viptrading
My advice is find a timeframe that fits your lifestyle. Everything works for someone.
This is good advice. It works just the same in any timeframe.
Know what you trade
  • #395
  • Edited 1:24am Apr 15, 2020 1:01am | Edited 1:24am
those who doesn't like my opinion /posts...simple ignore me. I am not here to fit in anyone's opinion nor I expect that others agree with me.. .that is for any public thread. I simple post what I think...take it or leave it....
I did not attack or insult anyone so I do not expect it from others either...

Public forum has purpose to allow everyone to express freely opinion.
  • #396
  • Apr 15, 2020 2:34am Apr 15, 2020 2:34am
Quoting BWilliam
{quote} Suggestion of collusion is a little far fetched.
Where have I said this ?

Stop putting your words into my mouth.........
It never gets easier, you just get better
  • #397
  • Apr 15, 2020 2:44am Apr 15, 2020 2:44am
Quoting Shabs19
{quote} Where have I said this ? Stop putting your words into my mouth.........
Quoting profitfarmer
..... sure, the final verdict will decide on guilt, but the same time if assets and accounts frozen, where exactly that webinars monies paid to and how? accomplice. a good word. fits.
Quoting Shabs19
However, by implication, FXStreet look like an endorsement of Sam Seiden. They could be on a commission, I doubt it but who knows ?
Suggestion of collusion.
Know what you trade
  • #398
  • Edited 5:35am Apr 15, 2020 2:56am | Edited 5:35am
Quoting YYZ
those who doesn't like my opinion /posts...simple ignore me. I am not here to fit in anyone's opinion nor I expect that others agree with me.. .that is for any public thread. I simple post what I think...take it or leave it.... I did not attack or insult anyone so I do not expect it from others either... Public forum has purpose to allow everyone to express freely opinion.
There is a lot of free stuff on how Sam Seiden marks his Supply & Demand Zones on a chart. He also calls his definitions, probability enhancers.
If you google you will find tons of free stuff & also traders who explain in great detail the methods etc.
There are also many threads in this forum & others, especially, FXstreet where there are many videos you can watch, that explain his strategy of Supply & Demand trading.

Basically, if you want more information on Supply & Demand you wont find it here.
Apologise if you thought it was an attack or insult, just trying to keep the discussion on topic.

This thread is not about the merits or demerits of S&D trading, it is about the FTC charging Messrs. Sam Seiden, Eyar Sachal & OTA with all it's partners and instructors who blatantly told lies about their trading successes with their "patented" trading system and charged exorbitant fees, targeting people who were close to retirement or recently retired. Their advertisements were also mis- leading as to how easy it was to earn huge sums of money hourly, daily, monthly with very little effort. In fact, what they really did, was cleanng out peoples savings & 401k investments.

The thread constantly gets side tracked into another direction, which is not what the OP started this thread with.
It never gets easier, you just get better
  • #399
  • Apr 15, 2020 3:31am Apr 15, 2020 3:31am
Quoting Winston Reed
{quote} At some point I may comment on this but my comments would definitely be subjective and opinionated and subject to intense criticism and ridicule. What I can say is my "trading education" occurred with a mentor who also rejected MTF analysis. When I stopped flip-flopping between charts with different time frames my trading vastly improved. Having said that I know some traders who make it work. C12 is one of them and he seems to do very well. Interestingly he's a supply and demand trader. But C12 has this down to a science with charts side-by-side...

Price action on nes time is the only mantra working good imho
  • #400
  • Apr 15, 2020 4:17am Apr 15, 2020 4:17am
Quoting BWilliam
{quote} {quote} {quote} Suggestion of collusion.
None implied or suggested by me.
It never gets easier, you just get better
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