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Sam Seiden Goes DOWN

  • #601
  • Edited 5:35pm Dec 25, 2020 5:22pm | Edited 5:35pm
Supply and demand strategy is like anything else in this world, you have to have the proper training and an appropriate amount of practice. If I tried to perform a heart transplant right now, chances are I'd get it wrong. However I wouldn't go around telling everyone that heart transplants don't work.
For what it's worth the lawsuit against Online Trading Academy only had to do with their marketing practices, NOT the strategy they are selling. They are still in business and if you can afford it, I highly recommend it. But only if you have self control and are ready to actually do the work.
  • #602
  • Dec 27, 2020 5:04pm Dec 27, 2020 5:04pm
its garbage.
  • #603
  • Dec 27, 2020 5:10pm Dec 27, 2020 5:10pm
actually, the more people that dont use it or say it doesnt work ...the greater chance it will be profitable in my view...so let the naysayers come out !!!
  • #604
  • Edited 11:53am Jan 5, 2021 11:35am | Edited 11:53am
Quoting ninner
its garbage.
Hey. I've been a member for a looong time.. Been trading 15 years.

Do you guys want to know how to spot real supply and demand on a chart? I can show you.

Sam Seiden's way is not accurate enough or predictable enough long term. But all supply and demand is.. Is where buyers overtook sellers in the market, and vise versa. Yes they are very important turning point zones in the market and I can easily prove that to you. No.. Looking for dbd and rbr etc is not enough. If I get some response.. I'll put in the time for some chart markups. If not, I will keep trading and using zones with a very high degree of accuracy. Doesn't matter to me.
  • #605
  • Jan 5, 2021 5:53pm Jan 5, 2021 5:53pm
Hi there yes I would like to learn more about it if you are good at it. I believe it but like you I don’t thin Seiden is any good. Just marketing hype.

thanks
  • #606
  • Jan 6, 2021 4:58am Jan 6, 2021 4:58am
Hi JaxPacific,

I would like to know more. I've always been shown to look for RBD, DBD, DBR, RBR. so would be interested to see what you look for.

Thanks
  • #607
  • Jan 7, 2021 7:31am Jan 7, 2021 7:31am
Supply and Demand levels are all very well, but they are just a very small part of the picture.
Here is a video about a much broader look at what a retail trader can be looking to 'lean against':
Inserted Video


Note that you may find his charts confusing since he shows lines which are the inverse of the Dow Jones Index, the S&P500 index and the Nasdaq Index.
  • #608
  • Jan 7, 2021 3:55pm Jan 7, 2021 3:55pm
Quoting peterjk
Hi JaxPacific, I would like to know more. I've always been shown to look for RBD, DBD, DBR, RBR. so would be interested to see what you look for. Thanks
Sorry what does rbd, dbd,dbr,and rbr stand for?

thanks
  • #609
  • Jan 7, 2021 5:13pm Jan 7, 2021 5:13pm
Quoting ninner
{quote} Sorry what does rbd, dbd,dbr,and rbr stand for? thanks

Hi, ninner,

RBD = Rally Base Drop
DBD = Drop Base Drop
DBR = Drop Base Rally
RBR = Rally Base Rally

peterjk
  • #610
  • Jan 7, 2021 5:44pm Jan 7, 2021 5:44pm
Hi Peter thanks I think I remember these terms from awhile ago now that you mentioned them but it’s been many years.

travis
  • #611
  • Jan 10, 2021 1:05am Jan 10, 2021 1:05am
Quoting JaxPacific
{quote} Hey. I've been a member for a looong time.. Been trading 15 years. Do you guys want to know how to spot real supply and demand on a chart? I can show you. Sam Seiden's way is not accurate enough or predictable enough long term. But all supply and demand is.. Is where buyers overtook sellers in the market, and vise versa. Yes they are very important turning point zones in the market and I can easily prove that to you. No.. Looking for dbd and rbr etc is not enough. If I get some response.. I'll put in the time for some chart markups. If not,...
Hi JaxPacific
I personally want to learn how
It would be great if you create a thread .
currently I'm using Wyckoff method I can map the market and i can see what is going on but unfortunately I can't enter market precisely and effectively by supply and demand zones and i would be grateful if i can learn from you .

best regards ML
  • #612
  • Jan 11, 2021 5:21am Jan 11, 2021 5:21am
im confused , so if he is a scammer , is the S/D method also a crap or just the sam seiden's version of it? i have seen good traders trading S/D successfully.
  • #613
  • Jan 11, 2021 5:26am Jan 11, 2021 5:26am
Quoting JaxPacific
{quote} If I get some response.. I'll put in the time for some chart markups. If not, I will keep trading and using zones with a very high degree of accuracy. Doesn't matter to me.
i'm very interested sir.
  • #614
  • Jan 11, 2021 1:01pm Jan 11, 2021 1:01pm
Quoting Paymanz
im confused , so if he is a scammer , is the S/D method also a crap or just the sam seiden's version of it? i have seen good traders trading S/D successfully.
My own personal view having only followed Sam Sieden's videos and attended one OTA 'free' promotional course at their center in St Albans (UK).
1. He isn't a scammer, but like many exaggerates how successful student are.
It was OTA rather than Sam himself who got into trouble for their profitability claims.

2. Any method of trading which ignores the business models of ALL the major market participant types (from Market Maker, 'Floor Trader, Momentum Prop desks, Swing Traders through to Stat Arb traders & Pension Funds) is incomplete and so could be labelled 'crap' by some.
Certainly for the prices that OTM charged their courses should have been much more comprehensive - but that is typical with educators of retail traders - they have lots of different courses so they can keep up-selling.

3. Supply/Demand is one (but only one) form of value. But their are several others such as relationship to correlated markets, Order Flow, recognising an upcoming Stop Run, recognising when a big commercial is accumulating a position etc. As far as I know Sam Seiden's/OTA's version of it is no worse than the majority of S/D training.

4. Experts in one single area of expertise can be successful, but they are exceptional. It is those who are good at most of the area I mentioned above who find it easier to be successful (once trained) since they are not trading with a huge blind spot as to what is going on from the point of view of some major professional traders who could be absorbing the other side of their orders etc.
  • #615
  • Feb 2, 2021 9:08am Feb 2, 2021 9:08am
Just came across this thread and was totally unaware off the lawsuit. My .02 is I've been using S&D for years. Like most TA the lower timeframe you go the less reliable it is. S&D on weekly charts is an absolute staple for me. Call it what you want, it's been working for me for years now.
  • #616
  • Feb 10, 2021 10:11am Feb 10, 2021 10:11am
Quoting dav7612r
Just came across this thread and was totally unaware off the lawsuit. My .02 is I've been using S&D for years. Like most TA the lower timeframe you go the less reliable it is. S&D on weekly charts is an absolute staple for me. Call it what you want, it's been working for me for years now.
Wow.... after 15 years of silence a really old user accounts pops up in defense of a retail forex fraudster. Damage control mission?

> 99 % of all retail traders lose money over a period of 5 years
> numerous studies show there is no significant learning effect measureable in retail customer performance participating in a negative sum game
> the ESMA numbers show quater for quater that this remains true over all brokers

All forex retail training schools are fraud because they exactly know that their teaching is worthless based on hard data.
  • #617
  • Mar 19, 2021 5:12am Mar 19, 2021 5:12am
Quoting HudithePfupf
{quote}....................> 99 % of all retail traders lose money over a period of 5 years .
The figures I have seen show a range of between 98% and 78% - those are for a combination of SpotFX and CFD Brokers.

I haven't seen any figures for retail Stocks traders or Futures traders - though I would expect them to be considerably lower i.e. more likely to be profitable.
This is because they tend to be less under-capitalised, using centralised exchanges and thus have market internals and OrderFlow information available to them. Not just Technicals, Volume and correlated market Price Action. Non Spot/CFD traders also tend to trade large timeframes and have greater tendency to incorporate some Fundamentals into their trading


Quoting HudithePfupf
{quote} .......................> numerous studies show there is no significant learning effect measureable in retail customer performance participating in a negative sum game.
That 's interesting. I'm not saying that I don't believe studies have been done, but please provide references to these studies. How numerous are they? - Tens, or hundreds of studies? How did they measure 'learning effect'?
Surely if this applies to Retail, then it should also apply to 'professionals'?
For example, some may say time in the market (e.g. over 5yr of trading) could be considered learning? Others that only recognised professional level investment/trading qualifications should count. So I wonder how 'learning effect' was defined and measured.

Are all courses equally bad? - I have reason to doubt that, both on an intellectual and on a personal level!
  • #618
  • Jun 29, 2021 8:57pm Jun 29, 2021 8:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: 06ae174d0fd7a822362a04e83b61bdc2.png Size: 109 KB

What's going on?
  • #619
  • Jul 1, 2021 4:45am Jul 1, 2021 4:45am
Quoting deafpostman
{image} What's going on?
Obviously you didn't read my comments about it being OTA that was being prosecuted rather than Seiden himself.
  • #620
  • Jul 1, 2021 5:31am Jul 1, 2021 5:31am
Lots of multi large national companies get bailed up all the time for things they did wrong, laws broken etc, Woolworths in Australia got stung for underpaying staff, westpac got fined millions of not managing fraudulent activity properly, comm bank are being sued for also underpaying employees, the list is endless, even apple have being sued for this and that.

Just goes to show again how small minded people are
life is a reflection of what we allow ourselves to see
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