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Trading Currency Futures using Sam Seiden Supply & Demand levels

  • #101
  • Feb 3, 2012 7:49am Feb 3, 2012 7:49am
Hi all guys. I hope we keep live this thread that I think it's very useful.
I wanted to ask you if anyone knows where I can find a video of Sam Seiden where he explains the rules to identify the range of supply or demand zone.
Sometime I have wide zones and I do not feel confortable with that, that's why I would like to ask.
Thanks in advance and good trading to all.
  • #102
  • Feb 3, 2012 9:33pm Feb 3, 2012 9:33pm
Quoting zen4x
Hi all guys. I hope we keep live this thread that I think it's very useful.
I wanted to ask you if anyone knows where I can find a video of Sam Seiden where he explains the rules to identify the range of supply or demand zone.
Sometime I have wide zones and I do not feel confortable with that, that's why I would like to ask.
Thanks in advance and good trading to all.
All his videos are on the fxstreet website. I don't trade the exact method but I used to have trouble with buying and selling into resistance and support. When I found the Seiden stuff it turned my trading around because I could finally quantify where orders were on a chart and this gives one a huge advantage with stop and target placement. It helps to know when to go for a runner and when to book profits and get out. I do use this method for entries when the market is right but it is a counter trend type method and a strong market will blow through levels no matter how good they look. You need discipline and good money management to trade it well.
  • #103
  • Feb 5, 2012 2:22pm Feb 5, 2012 2:22pm
Thank you Seneca for your reply.
Of course what I am saying it's not trading against the main trend if you do not know what you are doing.
I am talking about analyzing the big picture starting from the weekly and move down to lower timeframes.
Here there is one of the video about the multi-timeframe-analysis that I was saying.
http://transcripts.fxstreet.com/2009...-analysis.html
The problem for me is that on the weekly I find tight levels but when I go back on the daily I find more levels and the gap seems wider.
I will post few chart to better explain but this is my main concern about this methodology.
Regards, Francesco.
  • #104
  • Edited Feb 20, 2012 4:36am Feb 19, 2012 7:48pm | Edited Feb 20, 2012 4:36am
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...
Hey Tipster, just wanted to say thanks for the great EA! I used it on my first trade for the day (attached) and it worked brilliantly. Manually managing risk, stops etc takes someone like me too long so it's fantastic to be able to have your EA do that for me - great job!

Also, I'm posting this here since I've been demoing Sam Seiden's S&D since reading DeanKenny21's thread and watching his first room recording (thanks to you too, Dean!).

This was probably not the prettiest trade as far as S&D is concerned but I lowered my risk accordingly. Forgot to mark on chart but it had the 61.8 fib ret, too.

Back to demo!
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  • #105
  • Feb 22, 2012 1:05pm Feb 22, 2012 1:05pm
Quoting psd
Hey Tipster, just wanted to say thanks for the great EA! I used it on my first trade for the day (attached) and it worked brilliantly. Manually managing risk, stops etc takes someone like me too long so it's fantastic to be able to have your EA do that for me - great job!

Also, I'm posting this here since I've been demoing Sam Seiden's S&D since reading DeanKenny21's thread and watching his first room recording (thanks to you too, Dean!).

This was probably not the prettiest trade as far as S&D is concerned but I lowered my risk accordingly....
Hey, you should post an update chart, did price hit the second (original) target (the one before you moved the second target). I assume that demand zone was a strong zone, daily?? This chart by itself looks like a downtrend, but if that was a daily demand zone, I'm guessing price would have hit your original target. Do you review your trades after a week or month? I just fixed a bug in the TT2P EA that takes a snap shot of entries and exits so it is easy to see what you've done and to learn from it.
Tipster Trendlines - Trade from the chart
  • #106
  • Feb 22, 2012 4:48pm Feb 22, 2012 4:48pm
Quoting Tipster
Hey, you should post an update chart, did price hit the second (original) target (the one before you moved the second target). I assume that demand zone was a strong zone, daily?? This chart by itself looks like a downtrend, but if that was a daily demand zone, I'm guessing price would have hit your original target. Do you review your trades after a week or month? I just fixed a bug in the TT2P EA that takes a snap shot of entries and exits so it is easy to see what you've done and to learn from it.
Nope, didn't hit my second target. In fact, I revised both targets since I was there to watch and I'm glad I did...
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  • #107
  • Mar 16, 2012 11:28am Mar 16, 2012 11:28am
Quality thread this fellow pipsters! Subscribed
  • #108
  • Mar 16, 2012 11:33am Mar 16, 2012 11:33am
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...
haha.....completely and utterly blown out the water! haha OWNED
  • #109
  • Apr 6, 2012 3:03am Apr 6, 2012 3:03am
Is this thread dead?
Want to learn S/D too
  • #110
  • Apr 6, 2012 5:41am Apr 6, 2012 5:41am
http://www.forexfactory.com/attachme...1&d=1333708821
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  • #111
  • Apr 6, 2012 10:06am Apr 6, 2012 10:06am
http://www.forexfactory.com/attachme...1&d=1333724698
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  • #112
  • Apr 6, 2012 12:47pm Apr 6, 2012 12:47pm
I would appreciate your comments and observations as this is my opinion All have one and I would solicit yours about mine

While the candles need to be read like an artist not a scientist, Seiden has much more to say than S and D. The ideas of emotional control and plan risk management and most importantly multiple time frames analysis then ranking your set up with the 8 odds enhancers.

While I was unable to come to terms with OLT for their training packages, I did gleen enough to believe that he is definitely not anything other than the real deal.

Lets face it You could teach me to play the piano but I would never be Amadeus. If you are within your capabilities and follow his process I have no doubt you win.
My set up on Eur/USD for Evening Session
Long:
Entry Level 1 1.3060 with stop 1.3050
Entry Level 2 1.3.045 with stop 1.3.035
Target 1.3099

Risk Reward Level 1 10 to 39 1 to 4 Cautious in my simulation
Risk Reward Level 2 10 to 55 1 to 5 Ultra Cautious in my cash account

Set and forgot
I am currently trading Mini pairs for live money
1 standard contract simulation
  • #113
  • Edited 10:07am Apr 9, 2012 9:47am | Edited 10:07am
Quoting niteshift02
I've been studying trading educator Sam Seiden's methods for about a month now, and really like his simple, easy to understand method for trading. When I speak of supply and demand levels, these are slightly different to support and resistance. For more information on the method, check out his webiners here, I highly recommend you watch them all. You can also google a lot of his stuff to, check out his academy and search it to...
Good webinars I'm especially interested in S/D and Breakouts.
  • #114
  • Apr 12, 2012 9:18pm Apr 12, 2012 9:18pm
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  • #115
  • Apr 13, 2012 4:13pm Apr 13, 2012 4:13pm
Any comments about possible long gold at Monday open? SL 49 TP 75
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  • #116
  • Apr 14, 2012 12:44am Apr 14, 2012 12:44am
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All the probabilities ...
  • #117
  • Apr 14, 2012 7:25am Apr 14, 2012 7:25am
Quoting nosbigs
My set up on Eur/USD for Evening Session
Long:
Entry Level 1 1.3060 with stop 1.3050
Entry Level 2 1.3.045 with stop 1.3.035
Target 1.3099
Where do you get data on the risk? 10 points is very small ... I can even say that you often closes the stop, should know their risk of the deposit - it is very important.

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Everything is based on probabilities, and my views should not be used as a solution to the action, just at these levels need to be careful.
  • #118
  • Apr 14, 2012 7:35am Apr 14, 2012 7:35am
Quoting Rail
Where do you get data on the risk? 10 points is very small ... I can even say that you often closes the stop, should know their risk of the deposit - it is very important.
Friend, taking into consideration TP level @ 3099 I can assume that mate trading on 1m or 5m timeframe. 10-15 pips stop and 20-25 pips TP is ok for such a timeframe. But my investigation tells me that S/D system is working much better on 30m or 1h timeframe. If we are talking about intraday trading. F.E. I trade 30 pips stop and 40-70 pip TP1. In general there is good tool to make an assumption of SL level on particular timeframe. Take an indicator ATR with parametr 1 ( ATR(1) ) on particular timeframe and look where is average number of it. As for 5m timeframe it will be 10-20 pips on normal market, 30m - 30-45 pips and so on...
  • #119
  • Apr 14, 2012 7:54am Apr 14, 2012 7:54am
Quoting citikot
Friend, taking into consideration TP level @ 3099 I can assume that mate trading on 1m or 5m timeframe. 10-15 pips stop and 20-25 pips TP is ok for such a timeframe. But my investigation tells me that S/D system is working much better on 30m or 1h timeframe. If we are talking about intraday trading. F.E. I trade 30 pips stop and 40-70 pip TP1. In general there is good tool to make an assumption of SL level on particular timeframe. Take an indicator ATR with parametr 1 ( ATR(1) ) on particular timeframe and look where is average number of it. As...
I tried to trade on the 1m and 5 m, it is not always beneficial, we miss the strong movement in 4H. highest quality level can be seen only in 4 hours. but this is a taste of each. that he chooses. There is a Chinese saying - it is necessary sometimes to go on shore to understand where you swim. And this applies to large periods of 4 hours - Day - Week
  • #120
  • Apr 14, 2012 8:04am Apr 14, 2012 8:04am
Completelly agree with You! The more I trade the higher timeframe I choose for trades and investigation.

BTW on Monday open webinar of Sam Seiden will be on-line. http://tradingacademy.com/ptw.aspx?c...2000000_AtHome
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