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Sam Seiden Goes DOWN

  • #421
  • Apr 15, 2020 7:27pm Apr 15, 2020 7:27pm
Quoting viptrading
{quote} 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...
S&D works all the time. That's what the whole economy AND trading is about. I do agree you need to study more than just S&D, data, numbers, also fundamentals, and very important COT reports but those apply on a longer term trading, meaning you need to be patient and wait. Because it does work most of the time. Just sometimes it does not work but that is due to other world economics events.

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.

If you still don't get it, go online and read and learn about S&D. As for Sam or OTA, ignore that.
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  • #422
  • Apr 15, 2020 8:30pm Apr 15, 2020 8:30pm
Supply and demand are indispensable factors in the business activities of all fields, this is as obvious as breathing air. But using charts to determine supply and demand is naive, why do I say that? Because to determine supply and demand in forex, in particular, it needs a lot of data such as trade balance, monetary policy, exchange rates, borrowing activity ... it can determine the relative demand for each currency, in addition to it, depends on politics.
The chart is actually just a kind of graphic depicting price movements in a certain period of time (line, bar, candlestick, P&F, Kaji, Renko ...) that traders use the most is the candlestick . In fact, prices operate incessantly with the breath of the market.
To determine the SD zone on the chart like a blind fortune teller touching the elephant but think it like a pet
For me, determining the supply-demand zone on a graph is like a fiction movie - impossible. And for those of you who believe it to be the truth, please bury your precious time searching for unrealistic treasures.
  • #423
  • Apr 15, 2020 8:37pm Apr 15, 2020 8:37pm
Quoting Antony_sg
Supply and demand are indispensable factors in the business activities of all fields, this is as obvious as breathing air. But using charts to determine supply and demand is naive, why do I say that? Because to determine supply and demand in forex, in particular, it needs a lot of data such as trade balance, monetary policy, exchange rates, borrowing activity ... it can determine the relative demand for each currency, in addition to it, depends on politics. The chart is actually just a kind of graphic depicting price movements in a certain period...
That is your opinion. You can't find S&D on a chart, you don't know how to trade S&D it is that simple. I do agree other data come into play. Finding S&D on charts is not fiction. It is the only way , that is the economy, finance, trading that is how it works. Supply/Demand. Is it easy to find it on a chart? Absolutely not, but you have to practice and practice until you understand it.
  • #424
  • Apr 15, 2020 9:29pm Apr 15, 2020 9:29pm
Quoting Winston Reed
{quote} Very well BW. I learned to trade by doing my own homework and a lot of research. After much trial and error I came across an individual/website that seemed to me to demonstrate true knowledge of markets. I never asked him to prove it nor did I ask him to show me any statements. Although I paid him he wasn't selling a system nor did I have to buy anything special like some fancy indicator. He also didn't make promises of extraordinary wealth or riches. The only thing he offered was an understanding of market behavior, movement and structure....
I was looking forward to a mature, open, no holds barred discussion to explore exhaustively the subject about s/d with price action trading strategy on your thread. Berniefx did a good job of scrutiny in the discussion giving every opportunity for practitioners to substantiate the efficacy of this method. Too bad you decided to shut down an ongoing debate. Opportunity lost.
Know what you trade
  • #425
  • Apr 15, 2020 9:33pm Apr 15, 2020 9:33pm
Quoting viptrading
{quote} 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...
Good that you come to this opinion that you unreservedly express in a forum. It helps neophytes in their journey.
Know what you trade
  • #426
  • Apr 15, 2020 10:37pm Apr 15, 2020 10:37pm
Quoting BWilliam
{quote} I was looking forward to a mature, open, no holds barred discussion to explore exhaustively the subject about s/d with price action trading strategy on your thread. Berniefx did a good job of scrutiny in the discussion giving every opportunity for practitioners to substantiate the efficacy of this method. Too bad you decided to shut down an ongoing debate. Opportunity lost.
Agreed. Would have been a good one.
Would like to have seen some before the trade supply and demand charts. Always good to see another perspective.
  • #427
  • Apr 15, 2020 11:04pm Apr 15, 2020 11:04pm
Supply and demand...support and resistance??

Why did the market reverse!!
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  • #428
  • Apr 15, 2020 11:15pm Apr 15, 2020 11:15pm
Quoting BWilliam
{quote} I was looking forward to a mature, open, no holds barred discussion to explore exhaustively the subject about s/d with price action trading strategy on your thread. Berniefx did a good job of scrutiny in the discussion giving every opportunity for practitioners to substantiate the efficacy of this method. Too bad you decided to shut down an ongoing debate. Opportunity lost.
Why discuss it when all you'll do is refute everything someone says about it? It's not worth the time or effort.

But, if you actually want to learn about it for free on FF then here's your thread: https://www.forexfactory.com/showthread.php?t=428204
  • #429
  • Apr 15, 2020 11:22pm Apr 15, 2020 11:22pm
Quoting BWilliam
{quote} I was looking forward to a mature, open, no holds barred discussion to explore exhaustively the subject about s/d with price action trading strategy on your thread. Berniefx did a good job of scrutiny in the discussion giving every opportunity for practitioners to substantiate the efficacy of this method. Too bad you decided to shut down an ongoing debate. Opportunity lost.
Create one yourself

You have good argumentation and implementation of vocabulary and thoughts when it comes to discussing things.

Should be interesting!
  • #430
  • Apr 15, 2020 11:57pm Apr 15, 2020 11:57pm
Quoting Techanalyst
{quote} S&D exist and it works. Stop stretching it. Get back to trading.
Shush bro, get back to trading loool show some real proof instead of posting silly charts with no evidence.

You're like a little child who keeps coming home from school drawing pictures & sticking them on the fridge.

Stop trying to convince yourself

Joker
J12
  • #431
  • Apr 15, 2020 11:58pm Apr 15, 2020 11:58pm
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 100% agree, I trade exactly the same way
J12
  • #432
  • Apr 16, 2020 12:00am Apr 16, 2020 12:00am
Quoting Techanalyst
{quote} That is your opinion. You can't find S&D on a chart, you don't know how to trade S&D it is that simple. I do agree other data come into play. Finding S&D on charts is not fiction. It is the only way , that is the economy, finance, trading that is how it works. Supply/Demand. Is it easy to find it on a chart? Absolutely not, but you have to practice and practice until you understand it.
Do you think if you drew a chart of covid 19 you could find a supply & demand for PPE??

Do you seriously know what you're trying here. Or are you just typing convince yourself...
J12
  • #433
  • Apr 16, 2020 12:02am Apr 16, 2020 12:02am
Quoting Antony_sg
Supply and demand are indispensable factors in the business activities of all fields, this is as obvious as breathing air. But using charts to determine supply and demand is naive, why do I say that? Because to determine supply and demand in forex, in particular, it needs a lot of data such as trade balance, monetary policy, exchange rates, borrowing activity ... it can determine the relative demand for each currency, in addition to it, depends on politics. The chart is actually just a kind of graphic depicting price movements in a certain period...
100% this is comical to even say that you can draw this into a chart. I think think these guys have eaten to much chocolate & are creating zones in their heads
J12
  • #434
  • Apr 16, 2020 12:04am Apr 16, 2020 12:04am
Quoting j12
{quote} Do you think if you drew a chart of covid 19 you could find a supply & demand for PPE?? Do you seriously know what you're trying here. Or are you just typing convince yourself...
I have earned a lot of money in March on EURUSD sell positions when covid happened you rookie. Now go back to your demo account and trade. Or get out of here you useless rookie. Who are you to call me a child? This is my business trading full time. If you don't understand how to trade that is your problem fool. Get out of here rookie. You clearly don't understand S&D. I also said that other things come into play like, fundamentals, COT reports and so on. Learn to read before you run your mouth amateur.
  • #435
  • Apr 16, 2020 12:10am Apr 16, 2020 12:10am
Quoting j12
{quote} 100% this is comical to even say that you can draw this into a chart. I think think these guys have eaten to much chocolate & are creating zones in their heads
I think you need to lay off the pills.
  • #436
  • Apr 16, 2020 12:17am Apr 16, 2020 12:17am
Quoting Techanalyst
{quote} I have earned a lot of money in March on EURUSD sell positions when covid happened you rookie. Now go back to your demo account and trade. Or get out of here you useless rookie. Who are you to call me a child? This is my business trading full time. If you don't understand how to trade that is your problem fool. Get out of here rookie. You clearly don't understand S&D. I also said that other things come into play like, fundamentals, COT reports and so on. Learn to read before you run your mouth amateur.
Ooooowwwwwwww name calling lol yup this is what it usually boils down to...you just answered your own question of why someone calls you a child.

Stop getting your knickers in a twist & show some real evidence, no one cares about your "lot of money"

Learn to post some solid proof before you try to preach your nonsense to others. Your business? You call this a business, even more silly then I thought.

God help you
J12
  • #437
  • Apr 16, 2020 12:19am Apr 16, 2020 12:19am
Quoting Techanalyst
{quote} I think you need to lay off the pills.
Looool shush stop bickering like a little baby just because someone asks you for proof. You have a good imagination
J12
  • #438
  • Apr 16, 2020 12:19am Apr 16, 2020 12:19am
Quoting j12
{quote} Ooooowwwwwwww name calling lol yup this is what it usually boils down to...you just answered your own question of why someone calls you a child. Stop getting your knickers in a twist & show some real evidence, no one cares about your "lot of money" Learn to post some solid proof before you try to preach your nonsense to others. Your business? You call this a business, even more silly then I thought. God help you
Solid proof has been posted. Now get out of here, you're annoying. Lay off the pills rookie.
  • #439
  • Apr 16, 2020 12:31am Apr 16, 2020 12:31am
EURUSD monthly demand imbalance in control. Also looking at COT reports. Long term EURUSD is bullish. To confirm where to buy look on daily or 4 hour chart.
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  • #440
  • Apr 16, 2020 12:37am Apr 16, 2020 12:37am
Quoting Techanalyst
{quote} Solid proof has been posted. Now get out of here, you're annoying. Lay off the pills rookie.
Looool clown
J12
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