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Trading Currency Futures using Sam Seiden Supply & Demand levels

  • #81
  • Jul 17, 2011 9:55am Jul 17, 2011 9:55am
Quoting misterboy
These lines finally got hit today. They all seem to be doing well!
Hi Misterboy,

Im new to S/D, shouldnt we look for supply areas as we are in a clear downtrend in the big picture ?

Thx.
Trade Smart
  • #82
  • Jul 17, 2011 9:15pm Jul 17, 2011 9:15pm
Quoting Osman
Hi Misterboy,

Im new to S/D, shouldnt we look for supply areas as we are in a clear downtrend in the big picture ?

Thx.
Yeah thats true. Going with big picture is always best
  • #83
  • Edited 9:12am Jul 18, 2011 8:51am | Edited 9:12am
Quoting vickym
Here is another potential setup on USD/JPY. Let me know what you think
Thought I would post the outcome of this idea.
When you see a horizontal level being touch several times, and after each time the bounce (high) is less than the previous bounce, this tells you sellers are getting more aggressive (the lower highs) and buyers and getting less since the bounce doesn't take off with the same speed.
Sam always says look to the left for a fresh level, that means that there are buyers/sellers that haven't had their orders filled yet, therefore a big build up of orders.

This is also known as a triangle, which usually breaks the horizontal line.
I'm no pro trader but I'm good a t spotting this pattern as I have been burnt by it so many times that I can now profit from it.

I marked the lower line zone yellow. Note that when price returns to that area, the short (marked in pink) is a Sam Seiden zone, right off supply and just above the other highs to the left. Note the 196 period HMA moving average is down, if you zoom out on the chart you will see its in a downtrend (daily) so selling will typically work best.

And the last thing is, trading is so easy when you look back. I use the tester feature and test my forward looking skills.

Noteart of the image was cut off - price bounced back up to the pink line then went down.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 26 KB
Tipster Trendlines - Trade from the chart
  • #84
  • Sep 14, 2011 9:51am Sep 14, 2011 9:51am
Here is a indie from another thread that might be useful for supply / demand methods.

Written by Squalou, a really fine coder, it is based on consolidation zones.

In mq4 form it has very well noted , explained settings in the code notes.
Very tweak-able for those that wish..
Attached File(s)
File Type: mq4 sqDynamicBreakoutBox.mq4   39 KB | 1,556 downloads
  • #85
  • Sep 14, 2011 10:02am Sep 14, 2011 10:02am
Quoting tommyd
Here is a indie from another thread that might be useful for supply / demand methods.

Written by Squalou, a really fine coder, it is based on consolidation zones.

In mq4 form it has very well noted , explained settings in the code notes.
Very tweak-able for those that wish..
What is it? can be explained?
  • #86
  • Sep 14, 2011 10:14am Sep 14, 2011 10:14am
You can find all info about the indicator in this thread...

http://www.forexfactory.com/showthread.php?t=302007

It has been updated it many times from it's initial form.. there is much discussion about it there.

The first discussion on the indicator begins on page 10 post # 145.. You can see the original form and go from there..

I am sure it is not a perfect indicator for supply /demand but I just have not found anything better yet.. as I said it is very adjustable..
Maybe it can be of some use for some here..
  • #87
  • Sep 14, 2011 10:49am Sep 14, 2011 10:49am
I have a indicator for supply demand, it works on the basis of detecting very low activity followed by a rush of selling or buying hence forming a supply or demand zone, i profit from it daily. on daily 4 hr and 15 mins tf's
Attached File(s)
File Type: ex4 SupDem.ex4   13 KB | 1,836 downloads
  • #88
  • Sep 14, 2011 11:34am Sep 14, 2011 11:34am
Quoting deankenny21
I have a indicator for supply demand, it works on the basis of detecting very low activity followed by a rush of selling or buying hence forming a supply or demand zone, i profit from it daily. on daily 4 hr and 15 mins tf's
I like that one... Do you use multiple timeframes on one chart?

Like have the daily levels showing and trade off 1hr or 15min charts with those levels as well?

Here I have a 1hr chart with the daily (1440) maroon and drk blue levels with 30 min( they just looked the best for now) levels , Lt Blue and kaki levels added as well..
Attached Image (click to enlarge)
Click to Enlarge Name: 2a.gif Size: 29 KB
  • #89
  • Sep 26, 2011 8:36pm Sep 26, 2011 8:36pm
Quoting deankenny21
I have a indicator for supply demand, it works on the basis of detecting very low activity followed by a rush of selling or buying hence forming a supply or demand zone, i profit from it daily. on daily 4 hr and 15 mins tf's
how does it select those turn points on ends of huge candles where there's no low activity at all ?
  • #90
  • Nov 20, 2011 11:39am Nov 20, 2011 11:39am
Greetings, guys!
I like style Sem Seiden, constantly read its lessons. It is pleasant, that here there are its followers, watch all themes on its style. It is a pity, that this branch is not so active. Experience of knowing people is very necessary. Spread the vision of levels, the decisions and arguments. Let's communicate!
  • #91
  • Jan 8, 2012 3:53pm Jan 8, 2012 3:53pm
Hi Kulu,

I have been studying these supply/demand zones and they seem very inconsistent in how they are found. In his videos sam very explicitly states that there must be a rally base drop, yet I continuously see him and others break this rule. How do you go about specifying the zones such as the one in your picture?

Thank you

Quoting kulu
Here is my trade from today
  • #92
  • Jan 8, 2012 5:02pm Jan 8, 2012 5:02pm
[quote=qpr91;5276844]Hi Kulu,

I have been studying these supply/demand zones and they seem very inconsistent in how they are found. In his videos sam very explicitly states that there must be a rally base drop, yet I continuously see him and others break this rule. How do you go about specifying the zones such as the one in your picture?

Good question and well spotted - unfortunately the answer is smoke and mirrors.
I've been studying Seiden and OTA after a friend said she wanted to get into trading, and asked my opinion.
Basically Seiden has created an industry by interchanging the words Support and resistance, for supply and demand. They are the same.
The rest is questionable at the best. That is not to denigrate the method, i dont want to be sued, or get into any discussion with his supporters, but if you feel it has value, there are numerous threads to check out.
However, imho, plotting supply and demand areas on a 5 or 15 m chart, you will certainly lose money. Even the trade enhancers are at best basic, and based on classical ta.Especially as he advocates firm orders at the levels.
Also, on those threads, the pips abound, cant remember when a losing trade was posted.
I dont normally post regarding trading methods, but heres a gimme.
Go to a cable weekly LINE chart, mark off where price turned.Now go to a 1hr bar chart, anything familiar? The pa traders beloved pin bar?
OTA charge 6k for crap. In 15yrs as a pro in the mkts, i never once heard the terms Supply and Demand.In fact, the last time i heard those terms was when i was studying A level economics.
Hands in pockets, as you were, pm me and i'll give you the name of a ta book worth reading, fecker used to sit at the end of the desk in the eighties with his charts, but most times he was right.....
Hope this helps.
  • #93
  • Jan 8, 2012 6:22pm Jan 8, 2012 6:22pm
[quote=jazzman;5276929]Good question and well spotted - unfortunately the answer is smoke and mirrors.

Hi Jazzman,

thanks for your reply, it has certainly helped. I agree what Sam has done is just rename another popular method. I do believe there is some value in this method, but as you say the pips abound in all the threads discussing it! It's great hearing from a pro trader, a I am currently studying Economics and would love enter the industry, hence all my studying! I unfortunately cannot send PMs at the moment being a junior member. If you could send it to me that would be fantastic, otherwise I will wait until I am able to.

Thank you for your help I really appreciate it.
  • #94
  • Jan 12, 2012 3:29pm Jan 12, 2012 3:29pm
Quoting jazzman
...In 15yrs as a pro in the mkts, i never once heard the terms Supply and Demand.In fact, the last time i heard those terms was when i was studying A level economics.
Hands in pockets, as you were, pm me and i'll give you the name of a ta book worth reading, fecker used to sit at the end of the desk in the eighties with his charts, but most times he was right.....
Hope this helps.


15 years my arse!

Let's look at the facts... Here is your 1st post to the FF forum back in March 2011

Quoting jazzman
Hi to all
I've just joined the forum, but i think this is an excellent price action thread.
I'd like to post my thoughts and charts, but my modus operandi is basically day trading the daily chart. I have yet to have a real runner of a trade. I would like to echo the sentiment, Neorio your posts are great, please keep them up during Dans absence.
My style, although completely based on Price Action, and classical candlestick patterns, tends to lock in profit fairly early, whilst moving my stop to b/e.
It's akin to scalping...
Firstly, to date we haven't seen a single chart of yours here on FF. Secondly, if you are 15 years as a pro, surely you would have had 'a real runner of a trade'. In matter of fact Mr Pro, if you go back over your first 10 or so posts from March 2011 to July 2011, you posted in all the PA threads including PIE and RTP. Here is your post to the PIE thread -

Quoting jazzman
Thx red for a good thread, and to the contributors.
I've been trading candles on the daily primarily, but i think this is a great method.
Be grateful for comments on these charts, i'm not trading, just trying to familiarise myself with the setups first.
On the 4hr, you can see price returning to the demand zone.
Dropping to the 15min, price entered the zone cautiously, and then printed a bullish engulfing, with a close outside the zone.
Would have been a nice trade.
Be interested to hear others comments.

Cheers
Let me guess... you tried to trade Supply and Demand and failed miserably and now you have completely dismissed this way of trading. You know what... I am glad you failed, as there are many others who trade this way successfully. Keep fumbling... you'll get there one day, Mr BS... maybe!
  • #95
  • Jan 13, 2012 3:03am Jan 13, 2012 3:03am
Quoting bbakker


15 years my arse!

Let's look at the facts... Here is your 1st post to the FF forum back in March 2011



Firstly, to date we haven't seen a single chart of yours here on FF. Secondly, if you are 15 years as a pro, surely you would have had 'a real runner of a trade'. In matter of fact Mr Pro, if you go back over your first 10 or so posts from March 2011 to July 2011, you posted in all the PA threads including PIE and RTP. Here is your post to the PIE thread -



Let me guess... you tried to trade Supply and Demand and failed...
well put my man, many traders on here have shown supply and demand works, that includes my thread trading live and showing the magic happen
  • #96
  • Jan 13, 2012 10:16am Jan 13, 2012 10:16am
It's working just fine for me. If you understand this method and want a really easy way to place your trades, modify the stop as time passes, and use TWO targets, I have an EA that will do the trick. The stop also moves to breakeven at an area you define.

Note that the one thing I did NOT want to do is have something like TakeProfit at 40 pips, or move stop to breakeven at 20 pips. All the action are defined using lines so you can truly trade the way S.S. teaches.

I wrote this about a year ago with one target, it worked fine but the method I really wanted to use was placing trades with two targets.

Check it out, I also posted a manual so you know how to use it.

I like the set and forget, ever since I started that the profits have been better.

The best part is that I posted the EA for all to use and the source code is right there as well.

Here's the link to TipsterTrendlines with 2 Targets (TT2P)
Tipster Trendlines - Trade from the chart
  • #97
  • Jan 13, 2012 10:19am Jan 13, 2012 10:19am
Quoting deankenny21
I have a indicator for supply demand, it works on the basis of detecting very low activity followed by a rush of selling or buying hence forming a supply or demand zone, i profit from it daily. on daily 4 hr and 15 mins tf's
Is this the same as SupDem_II that works using zigzag? I don't have a problem using zigzag for this method since the indicator can lag for this, to identify previous level. I don't use the indi though, I memorized the 6 steps on the enhancer. I look for that every time. I also marked up some 4 hr charts showing levels that worked like a charm and hang these on the wall. I try to look at them every few days. I'm building a collection of images, it's helping stay away from crappy set ups for the most part.
Tipster Trendlines - Trade from the chart
  • #98
  • Jan 13, 2012 11:13am Jan 13, 2012 11:13am
Hey guys.

I use SD zones in the spot forex market and have noticed lots of people trading SD (Sam Seiden included) recommend trading futures instead of spot due to the fact that the 'behave better'. I have always been under the impression that spot and futures pretty much move tick for tick due to arbitrage traders. I know from my own experience that the huge amount of of spot brokers out there move pretty much tick for tick thanks to arbers. From the little research I have done it seems that futures trading is more expensive due to the fact that they do not quote fractional pips so there is always the spread of at least 1 pip plus comm. I may be wrong here though as it has been a long time since I have looked into futures.

So has anyone any proof that futures are better behaved and can anyone tell me if I am correct that futures are not quoted in 5 decimal places.

Cheers
  • #99
  • Jan 13, 2012 11:32am Jan 13, 2012 11:32am
Quoting Tipster
It's working just fine for me. If you understand this method and want a really easy way to place your trades, modify the stop as time passes, and use TWO targets, I have an EA that will do the trick. The stop also moves to breakeven at an area you define.

Note that the one thing I did NOT want to do is have something like TakeProfit at 40 pips, or move stop to breakeven at 20 pips. All the action are defined using lines so you can truly trade the way S.S. teaches.

I wrote this about a year ago with one target, it worked fine but the...
Why place a trade with only two targets. ???
If you take the time to understand Seidon you'd be riding Price at every move. see .>

https://sites.google.com/site/rtp505/home/..Romancing the Price

locking would be a good start for you, there again, perhaps PIE Pt 1.(top of the page)
All systems of divination, like music itself,work through patterns.
  • #100
  • Jan 14, 2012 8:24am Jan 14, 2012 8:24am
Quoting kaspopsicle
Why place a trade with only two targets. ???
If you take the time to understand Seidon you'd be riding Price at every move. see .>

https://sites.google.com/site/rtp505/home/..Romancing the Price

locking would be a good start for you, there again, perhaps PIE Pt 1.(top of the page)
Maybe I wasn't quite clear enough, I don't need a good start, I'm already started and profitable using SD. The EA is to make it easy to place and modify the orders... that's all it really does. I also realise you can trade with more than 1 target, but that doesn't suit me. I'm good with how I'm doing this now. Thanks for the link though, I'll take a look.
Tipster Trendlines - Trade from the chart
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