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Sam Seiden's Supply/Demand zones

  • #21
  • Sep 18, 2011 9:46am Sep 18, 2011 9:46am
Quoting deankenny21
dont forget it was me that sparked you off to start taking away indicators and to look at supply and demand
Oh sorry Mr. Ken!

It was you, goldman, cloggie, that told me about indicators, but it was you and goldman mostly about supply and demand.

Mr. Kenny here deserves some shine as well!

Go mr. kenny!

Have I got something on my face, SOLDIER?
  • #22
  • Sep 18, 2011 9:47am Sep 18, 2011 9:47am
Quoting bumapatria
Oh sorry Mr. Ken!

It was you, goldman, cloggie, that told me about indicators, but it was you and goldman mostly about supply and demand.

Mr. Kenny here deserves some shine as well!

Go mr. kenny!

Sorry i felt a bit selfish saying that. But as a human it nice to be acknowledged and brings in more self confidence, as you may find out one day yourself where you could find yourself helping others too and recieving the same type of acknowledgment
  • #23
  • Sep 18, 2011 9:53am Sep 18, 2011 9:53am
Quoting deankenny21
Sorry i felt a bit selfish saying that. But as a human it nice to be acknowledged and brings in more self confidence, as you may find out one day yourself where you could find yourself helping others too and recieving the same type of acknowledgment
No man, dont worry, my fault, It is great to know that you have helped someone in need of knowledge and given it to him. The great experience of being a teacher/mentor. True, and the word thanks does mean a lot.

Thanks Mr. Ken,

Please continue subscribe to my thread, and continue to help me out!

Have I got something on my face, SOLDIER?
  • #24
  • Sep 18, 2011 10:36am Sep 18, 2011 10:36am
Quoting ruffryders
in the way that it's easier to market some new and amazing product and the sheep is always on the lookout for the holy grail. I guess that's the whole point really.

Just for the record, Sam Seiden has been writing about S and D in Stock Futures and Options magazine at least since mid 2007. Maybe before that.
Rob Booker has been teaching this method as well, for quite a long time.
  • #25
  • Sep 18, 2011 12:37pm Sep 18, 2011 12:37pm
Quoting ruffryders
in the way that it's easier to market some new and amazing product and the sheep is always on the lookout for the holy grail. I guess that's the whole point really.
Thanks thats what I tought,
and what about the wholesale demand zone,
how would anyone know thats wholes sale and not my rich granny pumping in 5 billion into the market?
Bulls are stupid Animals!especially when Im short!
  • #26
  • Sep 19, 2011 12:01am Sep 19, 2011 12:01am
Quoting Lou
Just for the record, Sam Seiden has been writing about S and D in Stock Futures and Options magazine at least since mid 2007. Maybe before that.
Rob Booker has been teaching this method as well, for quite a long time.
And that means what exactly? So I had a thread going @ Moneytec for 4 years and posted live calls every week, which was very profitable and verified by senior members there. However I don't go boasting around this and that, cause I'm actually trading on my own accounts and don't need to market any crap for that matter.

And Sam and alike are just cashing hard out on the FX bonanza, the facts that you should mention - that's right they do articles, to do more marketing. That sounds good. Sell more videos, access to webinars etc etc. That's how they cash out. To me most of that stuff is a complete time wasting experience.

No great trader will ever sell his stuff and for a reason. Have you heard of Alexander the Great of doing an auction on the loot they got through pillaging villages and towns in Persia? I haven't.
  • #27
  • Sep 19, 2011 5:56pm Sep 19, 2011 5:56pm
Since when was Alexander the Great a trader. I thought he just killed people and took their stuff.
  • #28
  • Sep 24, 2011 1:53pm Sep 24, 2011 1:53pm
Quoting roughtrader
in which way does supply and demand zones differ from support and resistance I wonder? it pretty much looks the same to me

I would ask this question of you, what is your definition of support and resistance , Then as well supply and demand. Which can you yourself better describe and in as such see. Is one more defined with tighter areas of interest while the other is broader and more subjective.

Do you have a clear understanding or reason why support becomes resistance and resistance becomes support. Kinda like the ceiling becomes the floor not real clear.

I will post a chart later bit busy right now. But think on the above and try and provide yourself with answers.

Cheers Ken
Good Trading To All ; Ken Lee
  • #29
  • Sep 24, 2011 1:55pm Sep 24, 2011 1:55pm
Quoting roughtrader
in which way does supply and demand zones differ from support and resistance I wonder? it pretty much looks the same to me
i will post an example that we quickly went through and discussed in my room with all the traders.

quote

"now let me tell why i DO NOT USE SUPPORT AND RESISTENCE

see chart below
see the first 3 bounces, ppl would call this support, NO biggest mistake in trading this isnt support its demand, now look on the 4th touch price broke through!!

ppl looking at support would be shouting everyone to go short, " ooo its closed below support go short go short"

" its broken support signal to go short"

NO NO NO NON NOONONO do not go short through supply and demand i know its in a demand area and i would go the opposite way, and I WOULD BE THE WINNER, not you support and resistence people.

REMEMBER SUPPLY AND DEMAND CREATES WHAT PEOPLE SEE AS SUPPORT AND RESISTENCE, JUST LIKE EVERYTHING ELSE IN THE MARKER"

http://img853.imageshack.us/img853/7426/chart3.jpg
  • #30
  • Sep 25, 2011 3:55pm Sep 25, 2011 3:55pm
Quoting Kenneth Lee
I would ask this question of you, what is your definition of support and resistance , Then as well supply and demand. Which can you yourself better describe and in as such see. Is one more defined with tighter areas of interest while the other is broader and more subjective.

Do you have a clear understanding or reason why support becomes resistance and resistance becomes support. Kinda like the ceiling becomes the floor not real clear.

I will post a chart later bit busy right now. But think on the above and try and provide yourself with answers....
looking forward to it
Bulls are stupid Animals!especially when Im short!
  • #31
  • Sep 26, 2011 11:23am Sep 26, 2011 11:23am
Oversupply, where sellers dominate buyers after a previous run of buyers overwhelming sellers=Resistance.
Demand is the opposite.

And where does that tend to happen? At previous price levels, identify these on your hourly chart for intraday trading, or longer timeframes for more longterm trading. And off you go...
  • #32
  • Sep 26, 2011 12:22pm Sep 26, 2011 12:22pm
Support and Resistance - it's everywhere!

Support and Resistance is the basis of most technical analysis chart patterns whether you trade forex, the indices, commodity futures, options or stocks.



Areas of price congestion that create most well known chart formations are nothing more than levels of Support or Resistance. In fact, just about every technical trading system or method uses Support and Resistance, whether their authors admit it or not!



I found this definition of support and resistance and it sums up nicely how S/R is seen by many trading ideas . The issue I have with Support / Resistance trading is that they require other analysis or indicators to find the entries in most cases,



So support resistance by themselves only offer a piece of the trading strategy alone that provides little true direction without additional confirming candlestick patterns indicators or many other analysis.



Since this thread is titled " Sam Seiden's Supply/Demand Zones" We will use his definition of those.


In studying all of Sam's webinars and taking notes and then proving his ideas. It is very clear that what he describes is real and a very formidable trading ideology in itself. In all his webinars you here him describe his starting in trading, Sitting at a desk and sorting orders for his company to be ready to hand to the floor guys to buy or sell when price reaches their levels.

He also explains how if you just noticed his desk and the separated stacks of orders a observer could be able to ride those Supply or Demand levels as well. Just noticing as the stacks depleted that the risk of a trade failure was impending and then standing aside. This is also why it was illegal for him to trade his own account.

So with just a bit of studying your charts it does become clear where those stacks of orders are and the levels that have come into play and the ones that will again. Also the levels that have the highest risk of pending failure.

I personally have found this to be some of the easiest and most clear single idea to trade STANDALONE without any additional indicators or candlestick patterns required.

Charts still to follow Ken
Good Trading To All ; Ken Lee
  • #33
  • Sep 26, 2011 1:01pm Sep 26, 2011 1:01pm
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: Chart 13.JPG Size: 193 KB
Good Trading To All ; Ken Lee
  • #34
  • Sep 26, 2011 1:07pm Sep 26, 2011 1:07pm
Quoting Kenneth Lee
Chart
beautiful explanation
  • #35
  • Sep 26, 2011 1:34pm Sep 26, 2011 1:34pm
Last chart then I will leave the thread alone.. Cheers Ken
Attached Image (click to enlarge)
Click to Enlarge Name: Chart 15.JPG Size: 233 KB
Good Trading To All ; Ken Lee
  • #36
  • Sep 26, 2011 1:39pm Sep 26, 2011 1:39pm
Plus I hope everyone noticed this is the 1 hr chart first was a 30 min, Then last week someone posted a 5 min. This idea works on any time frame. Just the levels are wider. So if you find a supply level on a bigger chart and your risk isn't able to handle the stop. use a quicker chart to gain entry. Just remember to try and follow the bigger trend, Don't look for demand in a supply level off the larger chart.
Good Trading To All ; Ken Lee
  • #37
  • Sep 26, 2011 2:03pm Sep 26, 2011 2:03pm
Hi Mr. Lee,

i have been reading ur posts, and im seeing another sup/dem junkie, like deankenny

i also use them for entries, and ive been doing well.

beautiful long now on eu after, a short, before that a long... its getting really simple with sup/dem rather than sup/res belief. ive beeen using this for a week now, and my account growth shot up to 50% profit growth after learning this

hey, you are welcome to my thread (on signature), you seem like a very experienced guy, post tips, advice, setups, you're always welcome
Attached Image (click to enlarge)
Click to Enlarge Name: long.gif Size: 19 KB
Have I got something on my face, SOLDIER?
  • #38
  • Sep 26, 2011 4:25pm Sep 26, 2011 4:25pm
Quoting Kenneth Lee
Last chart then I will leave the thread alone.. Cheers Ken
More charts, the better, Mr. Ken Lee.

I have been waiting for your posts/PDF.
  • #39
  • Sep 26, 2011 10:18pm Sep 26, 2011 10:18pm
Quoting bumapatria
Hi Mr. Lee,

i have been reading ur posts, and im seeing another sup/dem junkie, like deankenny

i also use them for entries, and ive been doing well.

beautiful long now on eu after, a short, before that a long... its getting really simple with sup/dem rather than sup/res belief. ive beeen using this for a week now, and my account growth shot up to 50% profit growth after learning this

hey, you are welcome to my thread (on signature), you seem like a very experienced guy, post tips, advice, setups, you're always welcome

hi; There, My only focus since starting with Fores over 3 years ago is a quest to find the single one thing that is simple to see and understand. With so much other things in life . Less is more. Just using supply and demand levels and then instead of trying to force entries on a favorite pair, but just trade the best looking levels on many pairs i think many could find a simple idea with a great win ratio with minimal risk.

I know you mean nothing by it but Junkie is not a good way to try and encourage others to attempt this. As a junkie is one that is not under any control at all just feeding a need.

My only other reason for posting at all is to show others ways to see the price action on their own charts while with repetition beating it into my own head. Sorry for the rant. Hope everyone can trade within their comfort zone and find the path to wealth, health and happiness.

Tally ho ken
Good Trading To All ; Ken Lee
  • #40
  • Sep 26, 2011 10:21pm Sep 26, 2011 10:21pm
Quoting leelar
More charts, the better, Mr. Ken Lee.

I have been waiting for your posts/PDF.
Have redoubled my effort on the pdf hope to finish it soon , May not be as polished as my earlier work but should get the main points across.

Ken
Good Trading To All ; Ken Lee
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