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Trading Currency Futures using Sam Seiden Supply & Demand levels

  • #161
  • May 23, 2012 10:29am May 23, 2012 10:29am
Quoting tan123
See am getting confused everywhere I look for drop base rally or drop base drop price have never come to those levels
you just need to learn how to find the levels of supply and demand
  • #162
  • May 23, 2012 10:52am May 23, 2012 10:52am
Quoting tan123
Hey people I just wanted to ask when you draw supply and demand do you look at bullish and bearish engulfing patterns
go to fxstreet and watch Sam Seiden vids first
  • #163
  • May 24, 2012 8:46am May 24, 2012 8:46am
Quoting Rail
here's a 4 hour and daily charts


I want to hear your views

Well, I 'd say the level looks legit on the bigger TF. Although I didn't want to focus on that specific one as my point was a more general one.
But what do you think about that level?

On the chart below I found randomly a good looking 1H rally-base-drop level. A level that one could easily enter short. Next to it I have it zoomed in on a 5M timeframe. The 1H level looks ok to enter but if you zoom in you will see that the highest high of that level is a retracement to a 5min level. This is just an another example like your previous chart and another way to ask the question: would you expect the 1H chart to hold although its top is a rebound on a 5min level?
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  • #164
  • May 24, 2012 8:58am May 24, 2012 8:58am
Hello Folks;

Sorry for off topic. Could you recommend some futures broker for trading from Europe.

Thanks!
  • #165
  • May 24, 2012 9:49am May 24, 2012 9:49am
Quoting grthirah
Well, I 'd say the level looks legit on the bigger TF. Although I didn't want to focus on that specific one as my point was a more general one.
But what do you think about that level?

On the chart below I found randomly a good looking 1H rally-base-drop level. A level that one could easily enter short. Next to it I have it zoomed in on a 5M timeframe. The 1H level looks ok to enter but if you zoom in you will see that the highest high of that level is a retracement to a 5min level. This is just an another example like your previous chart and...

one can only wait for the future approach to this level of 1 hour, 5 minutes is not as profitable. The picture is not clear, but 5 minutes is seen as a sino sell to those who buys them. It is better not to call rollback, and the sale of market maker.
  • #166
  • May 24, 2012 11:25am May 24, 2012 11:25am
Quoting Rail
one can only wait for the future approach to this level of 1 hour, 5 minutes is not as profitable. The picture is not clear, but 5 minutes is seen as a sino sell to those who buys them. It is better not to call rollback, and the sale of market maker.
Fact, this is a sale of a big account, maybe a market maker. And although you could say that its a retracement of a 5min level, its probably safe to assume that there are some unfilled orders up there. Maybe I shouldn't be too worried about such a detail.

Anyways, thanks for your help Rail.
  • #167
  • Jun 15, 2012 10:25am Jun 15, 2012 10:25am
Nice stuff.... I too like Sam Seiden's zones work. Are you still posting... I'm new to this forum, so need to get around it a bit more...
Thanks
  • #168
  • Jun 16, 2012 8:36am Jun 16, 2012 8:36am
Quoting PutaMadre
Hello Folks;

Sorry for off topic. Could you recommend some futures broker for trading from Europe.

Thanks!
My choice is OpenECry, Mirus Futures, Infinity Futures, AMP Futures - lowest intraday margins, lowes comissions and very high level of service. I personally work with Infinity.
  • #169
  • Jun 19, 2012 4:24am Jun 19, 2012 4:24am
Hello Tipster. I wanted to ask you a couple things about S&D.
The kind of trades we take are counter trend ? Sam Seiden says that we do not trade counter trend but to mee in all the examples seems that we place orders against the trend.
Thanks.
  • #170
  • Jun 19, 2012 4:27am Jun 19, 2012 4:27am
I was also wondering if there is any indicator or software I can write based on the rules you use to draw the zones. I would like to start to get in synch with this methodology that keep things very easy.
  • #171
  • Jun 20, 2012 12:35pm Jun 20, 2012 12:35pm
Quoting zen4x
Hello Tipster. I wanted to ask you a couple things about S&D.
The kind of trades we take are counter trend ? Sam Seiden says that we do not trade counter trend but to mee in all the examples seems that we place orders against the trend.
Thanks.
If you zoom out you wont be trading counter trend. I use 4 hour charts. I zoom into 1 hour for entry, to let me fine tune my entry price.
If you look at the daily chart, try to determine where price might be headed - learn using EURUSD, other currencies are a bit wacky at time.
Picture a sine wave with tops and bottom - if we are approaching the top (as in right close to the top zone or in the zone) you want to take shorts only. You take shorts all the way down until the daily shows you it is headed up - this is not easy though, thats why we use stops and manage risk. I watched all his videos and took notes, I also searched for torrents for other videos that are not supposed to be public. Then I watched some of the videos 2 more times. Then I wrote a trading plan. Then I memorised the odds enhancers so i could recite them from memory. Then I go through them on almost every trade. I also manually test myself just by scrolling the charts.

Not sure if I answered your question.
Tipster Trendlines - Trade from the chart
  • #172
  • Jun 20, 2012 12:37pm Jun 20, 2012 12:37pm
Quoting zen4x
I was also wondering if there is any indicator or software I can write based on the rules you use to draw the zones. I would like to start to get in synch with this methodology that keep things very easy.
Try II_SupDem - but use it only as a guide. Spend more time learning price action and less time learning indicators and programming. I have a link on my blog for a web site that you can test yourself with, it used stocks but its enlightening.
Tipster Trendlines - Trade from the chart
  • #173
  • Jun 20, 2012 1:22pm Jun 20, 2012 1:22pm
Hei Tipster. Let me double check If I understood. Most of the time price
come back to a level and market flow changed direction and seems that market is turning up or down. After that you realize that price finds support or resistance at the previous zone that was the out of balance. To avoid to place just a pending order do I have to go on the lower timeframe and check if price starts trending in the opposite direction ? For example on the 15m and 5m and check if starts to make higher highs and higher lows ?
Thanks and I hope I am not over-complicating as always.
  • #174
  • Jun 20, 2012 9:42pm Jun 20, 2012 9:42pm
@ tipster

does it make sense to watch all his public videos ( e.g at fxstreet.com ), to understand more clear his strategy ??
i am reading his newsletter, but there he is talking only about the global things. never go deeply into his strategy.

regards
  • #175
  • Jun 20, 2012 11:35pm Jun 20, 2012 11:35pm
Quoting zen4x
Hei Tipster. Let me double check If I understood. Most of the time price
come back to a level and market flow changed direction and seems that market is turning up or down. After that you realize that price finds support or resistance at the previous zone that was the out of balance. To avoid to place just a pending order do I have to go on the lower timeframe and check if price starts trending in the opposite direction ? For example on the 15m and 5m and check if starts to make higher highs and higher lows ?
Thanks and I hope I am not over-complicating...

To find the direction of the market, you need to look at monthly, weekly, daily charts and you'll see in which direction to enter ... remove from his head MA - MACD - Stohastic .... Mindful of his view of the trend
  • #176
  • Jun 21, 2012 3:16pm Jun 21, 2012 3:16pm
Hi all, I hasten to share my latest work. Although I trade mainly GBPUSD. EURUSD Trading has decided to:
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Here, I decided to put on the red level of limit orders
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Price came to the level of appointment
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Accordingly, the result itself
  • #177
  • Jun 21, 2012 6:16pm Jun 21, 2012 6:16pm
Well done very cool analysis, I am very happy that you are doing so well trading pure price action
  • #178
  • Jun 21, 2012 9:37pm Jun 21, 2012 9:37pm
Quoting zen4x
Well done very cool analysis, I am very happy that you are doing so well trading pure price action
thank you
  • #179
  • Jun 21, 2012 9:41pm Jun 21, 2012 9:41pm
Yesterday tried to trade on the stock SPY trial, and five supply and demand operate in the market.

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  • #180
  • Jun 21, 2012 10:17pm Jun 21, 2012 10:17pm
Quoting astock
@ tipster

does it make sense to watch all his public videos ( e.g at fxstreet.com ), to understand more clear his strategy ??
i am reading his newsletter, but there he is talking only about the global things. never go deeply into his strategy.

regards
I actually downloaded most of them, since then they have modified the web site code and I haven't figured out how to do it. I also did a torrent search and found a class recording, online review of students trades. Some videos are much the same, watch and take notes. If you are any good at video editing, cut out the crappy parts so next time you watch it it only takes 20 minutes for an hour video.
Tipster Trendlines - Trade from the chart
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