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Trading Currency Futures using Sam Seiden Supply & Demand levels

  • #141
  • May 9, 2012 3:18pm May 9, 2012 3:18pm
Thank you, Will check it out.

I think I have seen you in Tom's Fail better thread?! That's where I have been the last 1,5 years

Now I am looking to expand this stuff a little and found Sam Seiden's approach that I really like.
  • #142
  • May 9, 2012 3:32pm May 9, 2012 3:32pm
Quoting Miko1
will do so..watched a few videos but need to watch again and again. Thanks

whats the difference between trading spot and futures? does it make a big difference? I have only been trading spot so far but heared Sam say that futures is easier.
Trading futures You have a little bit more chances to be successfull because You have Time&Sales tape, real volume and DOM tools. If You will sharpen Your skills in using those tools it will increase Your chances to be successful in intraday trading. If You trade swings who cares about intraday orderflow?
  • #143
  • May 9, 2012 4:55pm May 9, 2012 4:55pm
sounds interesting.

can you get a demo account on a futures broker?
  • #144
  • May 10, 2012 12:37am May 10, 2012 12:37am
Quoting Miko1
sounds interesting.

can you get a demo account on a futures broker?
sure, but it will be limited for time
  • #145
  • May 10, 2012 12:56am May 10, 2012 12:56am
no problem..do you have a link handy to a broker? couldnt find one
  • #146
  • May 11, 2012 3:07am May 11, 2012 3:07am
Hello,

i've been looking into this view of the market, and i have a question about what can be considered "fresh" levels.

I've heard Sam Seiden say in his webinars that its just a level which hasn't been tested once yet: that's the freshness of the level.

But is that new formed level in itself another fresh level?

please see chart below.

Thx

Attached Image (click to enlarge)
Click to Enlarge Name: s&d levels.PNG Size: 197 KB
  • #147
  • May 11, 2012 3:22am May 11, 2012 3:22am
Quoting Polkm
Hello,

i've been looking into this view of the market, and i have a question about what can be considered "fresh" levels.

I've heard Sam Seiden say in his webinars that its just a level which hasn't been tested once yet: that's the freshness of the level.

But is that new formed level in itself another fresh level?

please see chart below.

Thx

Attachment
that the instrument?
  • #148
  • May 11, 2012 3:44am May 11, 2012 3:44am
Quoting Polkm
Hello,

i've been looking into this view of the market, and i have a question about what can be considered "fresh" levels.

I've heard Sam Seiden say in his webinars that its just a level which hasn't been tested once yet: that's the freshness of the level.

But is that new formed level in itself another fresh level?

please see chart below.

Thx

Attachment
Attached Image


The first level was the most recent, the other weak and could not continue the downward movement, as consumers became more. Here's the yellow level and was the most fresh, and above the level of your arrow, he is also a new one. You just have to understand where there are pending orders, and where there are none. Sometimes the price dramatically goes in the opposite direction because it resulted in an order to buy or sell.
  • #149
  • May 11, 2012 4:02am May 11, 2012 4:02am
Quoting Rail
Attachment

The first level was the most recent, the other weak and could not continue the downward movement, as consumers became more. Here's the yellow level and was the most fresh, and above the level of your arrow, he is also a new one. You just have to understand where there are pending orders, and where there are none. Sometimes the price dramatically goes in the opposite direction because it resulted in an order to buy or sell.
Thx for the reply,

my doubt was this: the market creates a supply level (A); that level is revisited later on and again supply revels itself (B).

Can we consider (B), because it became a level of supply, a fresh level for the future?
Or, because (B) is a confirmation of the supply level of (A), than that level (B), can no longer be considered a fresh level?
  • #150
  • May 11, 2012 4:04am May 11, 2012 4:04am
Quoting Polkm
Thx for the reply,

my doubt was this: the market creates a supply level (A); that level is revisited later on and again supply revels itself (B).

Can we consider (B), because it became a level of supply, a fresh level for the future?
Or, because (B) is a confirmation of the supply level of (A), than that level (B), can no longer be considered a fresh level?

that the instrument?
  • #151
  • May 11, 2012 4:09am May 11, 2012 4:09am
Quoting Rail
that the instrument?
Do you want to know what instrument it is?

It's the FTSE MIB futures contract.
  • #152
  • May 11, 2012 6:17am May 11, 2012 6:17am
Quoting Polkm
Do you want to know what instrument it is?

It's the FTSE MIB futures contract.
Attached Image (click to enlarge)
Click to Enlarge Name: FT.jpg Size: 61 KB
  • #153
  • Edited May 13, 2012 2:21am May 12, 2012 4:18pm | Edited May 13, 2012 2:21am
Quoting Polkm
Thx for the reply,

my doubt was this: the market creates a supply level (A); that level is revisited later on and again supply revels itself (B).

Can we consider (B), because it became a level of supply, a fresh level for the future?
Or, because (B) is a confirmation of the supply level of (A), than that level (B), can no longer be considered a fresh level?

This is a great question Polkm, one that really puzzles me also. In fact I think this elevates to an even more enigmatic riddle.

Most of the levels, I have observed, are retracements to smaller-timeframe levels, which makes "freshness" a rare quality. For example, on the pic I attached, there is some institutional buying on the Demand level Sam has highlighted (black) and later-on the price revisits this level and fails to penetrate it because evidently the Supply there is weaker than the Demand. During that procedure a higher TF level is formed (the blue box), a level we can assume "healthy" and valid since price broke above the previous level's high. So what we have is a higher TF level that looks strong and fresh but it really isn't because what formed it was the, already used, smaller TF Demand level below it. There is no indication that fresh buyers jumped in during the formation of the bigger (blue) Demand level, for all we know this can be just how the picture of a used up levels looks like as the unfilled orders of that smaller level got filled and used up.

Most of the smaller Timeframe levels are invisible on the current timeframe we look at, which gives the illusion of a "fresh level".

I am really wandering about this piece of information, how can we determine if fresh orders came into a level, as this is what makes me hesitate the most when I try decide the quality of the levels on a chart.
Attached Image
  • #154
  • May 18, 2012 6:55pm May 18, 2012 6:55pm
Guys,

So which broker offers forex Futures? Is there any difference on price action, or why do you think it is better that the spot market? I'll like to try it.

Thanks.
  • #155
  • May 19, 2012 12:21pm May 19, 2012 12:21pm
Quoting grthirah
I am really wandering about this piece of information, how can we determine if fresh orders came into a level, as this is what makes me hesitate the most when I try decide the quality of the levels on a chart.
I think you all will be clear

Attached Image (click to enlarge)
Click to Enlarge Name: ES cand 2.png Size: 118 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ES line 2.png Size: 139 KB
  • #156
  • Edited May 23, 2012 5:39am May 22, 2012 10:03am | Edited May 23, 2012 5:39am
Hey Rail, I appreciate your detailed reply and I see your point.

Would you consider this large Drop-Base-Rally area on 1302, between the 2 limit order areas, as a new level? I believe on a 4 hour chart this might look like a good zone (unfortunately I dont have access to a 4h chart of the ES that long back to attach), but even if the specific one didn't, its a fact that many of them do.

That level is pretty much like my chart example. Although you could consider this 1302 zone as a fresh level on a higher TF chart, it is apparent on this lower TF that it's just a retracement to a previous level. It sucked out all those limit orders you marked and there is nothing there to absorb a later move to the downside.

The fact that most D-B-Rs look like that when you dissect them is the reason of my dilemma. I am not sure if I should or should-not consider this 1302 zone as a fresh level, even though it might look nice on a higher TF chart.
  • #157
  • May 23, 2012 9:25am May 23, 2012 9:25am
Quoting grthirah
Hey Rail, I appreciate your detailed reply and I see your point.

Would you consider this large Drop-Base-Rally area on 1302, between the 2 limit order areas, as a new level? I believe on a 4 hour chart this might look like a good zone (unfortunately I dont have access to a 4h chart of the ES that long back to attach), but even if the specific one didn't, its a fact that many of them do.

That level is pretty much like my chart example. Although you could consider this 1302 zone as a fresh level on a higher TF chart, it is apparent on this lower...
here's a 4 hour and daily charts

Attached Image (click to enlarge)
Click to Enlarge Name: ES 444.png Size: 121 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ES D.png Size: 115 KB


I want to hear your views
  • #158
  • May 23, 2012 9:55am May 23, 2012 9:55am
Hey people I just wanted to ask when you draw supply and demand do you look at bullish and bearish engulfing patterns
  • #159
  • May 23, 2012 10:08am May 23, 2012 10:08am
Quoting tan123
Hey people I just wanted to ask when you draw supply and demand do you look at bullish and bearish engulfing patterns
Forget about candles )
  • #160
  • May 23, 2012 10:09am May 23, 2012 10:09am
See am getting confused everywhere I look for drop base rally or drop base drop price have never come to those levels
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