1 trade per pair per year 6 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedHere is my question: I understand what Sam is saying about the formation of the imbalance area, the strong break out, looking at the way price has moved away from the imbalance area. This will tell you where the imbalance is. I also understand waiting for a move back to the imbalance area, then taking the trade once the retest of the imbalance is reached. What I am still having trouble with is determining which imbalance area is correct. There can many that fit this criterion.
DislikedProbably the last one(market timing for the short term forex trader) because it was my favourite videos and i started to capture every important pictures about his videos for now.
EDIT: its this one:
Dislikedwhat is this again? miss by 1 pips.
It seem i got 2 working set up and i miss the entrance by 3 pips and 1 pip?
DislikedHere is what I always do... add or subtract 20 pips from the candle you are looking at, ie in this example the low was 1.5526 + 20 = 1.5546 then put your order there or an alarm, whatever you like. For shorts the opposite high -20 pips. Tells you pretty accurate where the market might react at.
Hope this helps.
p.s would have been a hell of a good trade in hindsight.Ignored
DislikedOh never heard of this before
What about if i trade 5min or 1 H/ 4 h? 20 pips work with that too?
PS. Just miss again G/U for 2 pips. This is weird, that i do the right set up and never get trade :/Ignored
DislikedHey guys i noted a supply zone on the eur/usd. But it just rocketed up taking out my stop loss. I saw it below a big round number of 1.37....
actually it did go down for some profit, but not my target profit.
Anyone care to comment?Ignored
Dislikedgo to YouTube and search Sam Seiden. He will teach you everything you need to know about Supply and Demand Zones. He was my mentor, the person I learned from.
[color=black][font=Verdana]Meaning you will have to take his course in order to learn exactly how he determines his supply and demand zones. Would this be a correct statement? As I have many of his videos ( great stuff by the way !! ) and am a support / resistance type trader, finding the specifics on how he determine one area and not the other still leave me guessing. The concept is very...Ignored