Attachments: Price is everything

Price is everything

#17,841
May 10, 2011 5:16pm May 10, 2011 5:16pm

frankkn
Joined Jan 2010 | Status: I'm the greatest, man | 2,516 Posts

Today I ignored any kind of confirmation, and it was the best trading I've ever done. Keeping in mind major levels on other time frames, I just used limit orders with small stops, got my stops to BE quick. The r:r is where it's at.

#17,842
May 10, 2011 5:20pm May 10, 2011 5:20pm

frankkn
Joined Jan 2010 | Status: I'm the greatest, man | 2,516 Posts

Quoting frankkn

Disliked

The r:r is where it's at.

Ignored

Problem is sometimes it misses by a pip like just now though on EU 43974 and goes to your target

#17,843
May 10, 2011 5:32pm May 10, 2011 5:32pm

sandpipper
| Joined Feb 2009 | Status: Trader | 214 Posts

Quoting frankkn

Disliked

Today I ignored any kind of confirmation, and it was the best trading I've ever done. Keeping in mind major levels on other time frames, I just used limit orders with small stops, got my stops to BE quick. The r:r is where it's at.

Ignored

As far as I can tell that the way S.S. teaches. Read, set, forget. He judges his levels using what he calls odds enhancers. Once the level is judged, and it passes muster, he sets the trade and moves on. No PA confirmation.

#17,844
May 10, 2011 5:38pm May 10, 2011 5:38pm

redsword11
Joined Nov 2008 | Status: living deliberately | 11,122 Posts

Quoting frankkn

Disliked

Problem is sometimes it misses by a pip like just now though on EU 43974 and goes to your target

Ignored

limit orders are a guess

luck trading is not long term in this game, what appears like demand or supply only appears like that, until PA arrival to that zone and reaction and trades based on that reaction - you stand a bettter chance when you observe PA @ levels that you have mapped out

#17,845
May 10, 2011 5:55pm May 10, 2011 5:55pm

darrenlittle
| Joined Sep 2010 | Status: Trader | 178 Posts

with regards Sam Seiden, he only gives away the core of his system on the free webinars, i think you have to pay to get the full s.p on how he trades s/d zones..

imho!

#17,846
Edited 6:24pm May 10, 2011 6:05pm | Edited 6:24pm

sandpipper
| Joined Feb 2009 | Status: Trader | 214 Posts

Quoting darrenlittle

Disliked

with regards Sam Seiden, he only gives away the core of his system on the free webinars, i think you have to pay to get the full s.p on how he trades s/d zones..

imho!

Ignored

Yeah your right. After watching enough videos though you can pretty much fill in the gaps....at least a lot of them. He tends to slip here and there and refer to his more advanced info. Now not to say that I have figured it all out, far from it.

As far as I can tell he sets his trades early in the morning looking through the pairs for the best s/d zones that fit his criteria, he then goes about his day helping newbs. If this is correct, I would infer that he is not waiting for PA confirmation, he is only reading previous PA. Please correct me if i'm wrong....I still have lots of his info to parse through. I know many here are much more intune with how he trades.

Of course it should be pointed out that SS is not God and thus there are many variations of s/d trading out there. We see quite a few variations on this thread alone.

#17,847
May 10, 2011 6:56pm May 10, 2011 6:56pm