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Sam Seiden Goes DOWN

  • #401
  • Apr 15, 2020 10:39am Apr 15, 2020 10:39am
Took a loss on GBPCAD.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADdaily.png Size: 35 KB
  • #402
  • Apr 15, 2020 11:55am Apr 15, 2020 11:55am
Quoting Techanalyst
Took a loss on GBPCAD. {image}
Im sorry for your loss mate
  • #403
  • Apr 15, 2020 12:00pm Apr 15, 2020 12:00pm
I've started a new thread in the Trading Discussion section called "Supply and Demand Discussion". Join in if interested.
  • #404
  • Apr 15, 2020 12:59pm Apr 15, 2020 12:59pm
Quoting Techanalyst
Took a loss on GBPCAD. {image}
sorry for the loss. what matters, as you well know, is net gain
Fred
  • #405
  • Apr 15, 2020 1:31pm Apr 15, 2020 1:31pm
Quoting GMD
{quote} Im sorry for your loss mate
Hey it's all good. I rushed into it. We all make mistakes sometimes. I've only loss close to -$20 so it's a small number. There will be other opportunities soon.
  • #406
  • Apr 15, 2020 2:08pm Apr 15, 2020 2:08pm
Quoting Techanalyst
{quote} Hey it's all good. I rushed into it. We all make mistakes sometimes. I've only loss close to -$20 so it's a small number. There will be other opportunities soon.
Its good mate. I thought it was risky to move SL, meaning bigger loss. But if it is part of your money managment plan then its ok. We always take losses from time to time. Keep it up!

GMD
  • #407
  • Edited 3:37pm Apr 15, 2020 2:19pm | Edited 3:37pm
Quoting GMD
{quote} You are right mate. Its not just about S&D.. its about every person here claiming they are freaken pro traders but as soon as you ask for proof they get offended.. How you dare to ask such a personal thing??? Well.. stop sharing your bullshit here as if you knew what you are talking about... There is people here trying to learn for real. Now, I am not here saying I know what I am doing.. but at least I show my results. This people can't.. at least 2 months.. just can't LOL All clowns.
Broooooo
What the hell is going on here...loool

Supply & demand exists, in every form of life, in every business, in every business transaction. After water & oxygen supply & demand makes the world go around.

But how the hell are you supposed to find supply & demand zones in currency trading using any tool. It's barbaric to even think this or trade based on this.

If anyone can identify supply zones we would all be very wealthy.

My god why you even getting involved with these clowns, I've skimmed the first 8 pages...too funny

J
J12
  • #408
  • Apr 15, 2020 2:46pm Apr 15, 2020 2:46pm
Quoting j12
{quote} Broooooo What the hell is going on here...loool Supply & demand exists, in every form of life, in every business, in every business transaction. After water & oxygen supply & demand makes the world go around. But how the hell are you supposed to find supply & demand zones in currency trading using any tool. It's barbaric to even think this or trade based on this. If anyone can identify supply zones we would all be very wealthy. My god, my god why you even getting involved with these clowns, I've skimmed the first 8 pages...too funny J
My buddy Jagz!! Bro you come late to the party!! I know you are very busy with your business, but it was such a heated discussion lol

Don't wanna get involved again hahah

But yeah, basically that is what I was trying to say. I mean, from the things you have taught me I guess you could make any trading concept work as long as your money managment is good.. but the idea you can meassure and predict supply or demand zone looking at a chart, is not something I wouldn't relay on.

But hey don't make me get into this discussion again hahah

Glad to see you around!
  • #409
  • Apr 15, 2020 3:26pm Apr 15, 2020 3:26pm
an example:
https://lessons.tradingacademy.com/w...0204-fig-2.jpg
  • #410
  • Apr 15, 2020 3:26pm Apr 15, 2020 3:26pm
Quoting GMD
{quote} My buddy Jagz!! Bro you come late to the party!! I know you are very busy with your business, but it was such a heated discussion lol Don't wanna get involved again hahah But yeah, basically that is what I was trying to say. I mean, from the things you have taught me I guess you could make any trading concept work as long as your money managment is good.. but the idea you can meassure and predict supply or demand zone looking at a chart, is not something I wouldn't relay on. But hey don't make me get into this discussion again hahah Glad...
GMD mate, there's a new s/d thread to discuss how to predict demand or supply zone from a brokers chart, for failed losing traders.
Know what you trade
  • #411
  • Apr 15, 2020 3:47pm Apr 15, 2020 3:47pm
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...
Yes you're correct, there is no system, the only method to success is money management PERIOD, as soon as people start to realise that the easier it becomes.

But most are their worst enemies & don't want to accept that, carry on battling with themselves trying to convince themselves & others that their sh#t works.

J
J12
  • #412
  • Apr 15, 2020 4:01pm Apr 15, 2020 4:01pm
Quoting Techanalyst
{quote} Don't bother explaining it to him. He will sound like a broken record and keep asking you for TE. You can't fix stupid.
Buddy why you calling him stupid....stop posting silly charts, they are about as useful as toilet paper is without solid proof.

Guys like you who just keep bashing on here for years without any solid proof of anything. Then as soon as someone asks you, I agree with what you're saying, please can you show me some evidence of what you're saying, you get your knickers in a twist.

No one is ever asking you to show your money, no one cares about much money you don't have. But just show %..or the % you don't have..but no that'll be too simple. It's not just simple for you, it's to simple for many. So you're not alone....

No one will judge you if you're still losing. In life some people try, try, try & still are losing, doesn't mean you'll always be a loser, you might win someday. You just remind me of jet trader & we all know what happened to him.

Guys like GMD are trying to learn so don't call people stupid, look at yourself first before calling people stupid, it's highly offensive & makes you look very amateur.

Regards

J

PS. Toilet paper is currently very valuable in my country during this global pandemic, so you actually might be onto something if I'm comparing your charts to toilet paper.
J12
  • #413
  • Apr 15, 2020 4:05pm Apr 15, 2020 4:05pm
Quoting GMD
{quote} My buddy Jagz!! Bro you come late to the party!! I know you are very busy with your business, but it was such a heated discussion lol Don't wanna get involved again hahah But yeah, basically that is what I was trying to say. I mean, from the things you have taught me I guess you could make any trading concept work as long as your money managment is good.. but the idea you can meassure and predict supply or demand zone looking at a chart, is not something I wouldn't relay on. But hey don't make me get into this discussion again hahah Glad...
I'm hoping I can be for a little longer. But I am scared that I might get told to go back to my day job by these full time traders.

Worrying times if I'm getting told to go back to my day job....

Regards

J
J12
  • #414
  • Apr 15, 2020 4:07pm Apr 15, 2020 4:07pm
Quoting j12
{quote} Yes you're correct, there is no system, the only method to success is money management PERIOD, as soon as people start to realise that the easier it becomes. But most are their worst enemies & don't want to accept that, carry on battling with themselves trying to convince themselves & others that their sh#t works. J
Depends what you call smart money management. Many successful traders like myself use no stops, no set profit targets, plenty of hedging where required and rarely have a losing trading day in months.
If you follow the sheep and use the money management rules laid out by trading manuals and your broker, you may not see what is really possible.
Trading thin liquidity at the boundary of the charts
  • #415
  • Apr 15, 2020 4:44pm Apr 15, 2020 4:44pm
Quoting j12
{quote} Broooooo What the hell is going on here...loool Supply & demand exists, in every form of life, in every business, in every business transaction. After water & oxygen supply & demand makes the world go around. But how the hell are you supposed to find supply & demand zones in currency trading using any tool. It's barbaric to even think this or trade based on this. If anyone can identify supply zones we would all be very wealthy. My god why you even getting involved with these clowns, I've skimmed the first 8 pages...too funny J
You just answered your own question.

Supply and demand exists, in every form of life including your charts. It just doesnt always work because those areas are in the past, and the market does not always respect past areas of supply and demand.

Sometimes the market does respect those areas though, in every time frame it exists. Maybe it's not your style but the fact is that some people use it in their entries.

Money management is important of course but it's not the only part of trading. You also need to get in at a smart
time or price to maximize profits. That is where s&d support and resistance, trendlines all of this helps with entries.

You and GMD may not use it for entries. Maybe you don't look at charts at all. That's fine. Personally I use fundamentals and ta together to find entries.

To each is own man but just because you don't understand something or refuse to use the tool does not mean it's useless for others.
  • #416
  • Apr 15, 2020 5:09pm Apr 15, 2020 5:09pm
Quoting j12
{quote} I'm hoping I can be for a little longer. But I am scared that I might get told to go back to my day job by these full time traders. Worrying times if I'm getting told to go back to my day job.... Regards J
hahah well if we can call what you do for business as daily job, in fact 24/7 job.. I would be more than happy to do so xD
  • #417
  • Edited Apr 16, 2020 8:22am Apr 15, 2020 5:18pm | Edited Apr 16, 2020 8:22am
Quoting RickM
{quote} Depends what you call smart money management. Many successful traders like myself use no stops, no set profit targets, plenty of hedging where required and rarely have a losing trading day in months. If you follow the sheep and use the money management rules laid out by trading manuals and your broker, you may not see what is really possible.


I am pretty sure he refers to something like that
  • #418
  • Apr 15, 2020 5:51pm Apr 15, 2020 5:51pm
Quoting j12
{quote} Buddy why you calling him stupid....stop posting silly charts, they are about as useful as toilet paper is without solid proof. Guys like you who just keep bashing on here for years without any solid proof of anything. Then as soon as someone asks you, I agree with what you're saying, please can you show me some evidence of what you're saying, you get your knickers in a twist. No one is ever asking you to show your money, no one cares about much money you don't have. But just show %..or the % you don't have..but no that'll be too simple....
S&D exist and it works. Stop stretching it. Get back to trading.
  • #419
  • Apr 15, 2020 6:29pm Apr 15, 2020 6:29pm
The best way to see SD on chart is Sam Seiden's / OTA system.

an example:
https://i.pinimg.com/564x/48/45/96/4...fd8a5f29b3.jpg
  • #420
  • Apr 15, 2020 6:43pm Apr 15, 2020 6:43pm
Quoting YYZ
The best way to see SD on chart is Sam Seiden's / OTA system. an example: https://i.pinimg.com/564x/48/45/96/4...fd8a5f29b3.jpg
This thread has sparked my curiosity into what Sam taught so I watched a few of his videos.

I have to say I am extremely unimpressed by what he is teaching and it's kind of what I expected.

Whenever trying to quantify a technical based strategy one usually fails, this includes supply and demand based on charts alone.

The screenshot you posted of "supply and demand" isn't the way I understand it or trade it for that matter. Those zones are extremely irrelivent IMHO.

I highly doubt this guy is even profitable teaching in this way...

The fact is you need to study the numbers, data first before even looking at a chart and looking for extremes.

Just my two cents I wouldn't invest any time studying this Sam character and what he teaches...it's seems useless, and may even hinder your trading IMHO.

That being said I still stand by my original opinions about supply and demand, and you can see it on a chart SOMETIMES but just not the way Sam teaches it.
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