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Sam Seiden's Supply/Demand zones

  • #81
  • Aug 16, 2012 11:57am Aug 16, 2012 11:57am
Hello,

I'm a big fan of Sam's ideas of S&D. However I haven't been able to find any good MT4 indicator to draw these levels. I would like to know if there is anyone here interested to start an indicator development project?

I know some MQL programming myself and can tweak and modify EA's and indicators, but my programming is not strong enough for me to code the indicator from the start. So I am proposing this:

1) 2-5 people here who share the same interest get together to exchange ideas and work on the project and indicator definition. Everyone agrees to contribute to the work. We could use for example Google Site for the development project, I can set this up and get everyone involved access and passwords.

2) If necessary we hire an experience MT4 freelance programmer (I can take care of this, as I have a lot of experience working with programmers on freelance basis). We split the cost of the programming (should be approx. 100 - 300 euro depending on the project.)

3) We can fine tune and tweak the indicator to our specs and most likely I can do the programming after the core code is written. So we use paid programmer only for the main code writing.

4) If we pay money for the programmer work, we all agree to keep this indicator to our selves and not to post in on these forums or sell it for profit (Although we should agree on some simple NDA, no written agreement will hold up here, so this is up to our integrity to keep our word).

Let me know what you think and PM me if you're interested, I don't want to divert the attention of this thread to a development project, so I think best to keep the communication private or if needed start a separate thread for this project.
  • #82
  • Aug 28, 2012 12:42pm Aug 28, 2012 12:42pm
not sure how it works
but it's the best SR indi i have found.
good trading
Attached File(s)
File Type: mq4 II_SupDem.mq4   29 KB | 2,579 downloads
  • #83
  • Sep 8, 2012 4:25pm Sep 8, 2012 4:25pm
i learned alot of things here thanks for every one talking about s&d
  • #84
  • Sep 14, 2012 1:09am Sep 14, 2012 1:09am
Hello everyone,

I have read a lot of Sam Seiden articles and saw most of videos in the last months. S&D evaluation has really improved my chart reading. But I'm still struggling with some ideas and I'm pretty sure that Sam Seiden only tells us half the truth (which is perfectly ok as he has his XLT people pay money for). I think those levels prices moves away from in a strong fashion must have some other characteristics he does not mention in his public videos and articles. I would like to find them out. Maybe you guys can help or want too.

Here is a question concerning a GBPUSD trade I'm in. I saw this huge drop in price and what I would call levels on top of levels and price did not stay here for a long time. Yet, price cuts through it like butter and is about to wipe me out.

My questions to the more advanced S&D traders in here is: Was there something wrong with my evaluation? Something I did not take into account? Or was it just one of those levels that did not work out in spite of being an A+ area? Are there any characteristics of a level that let you anticipate its failure?

(Sorry if one of my questions has already been answered in this thread. I haven't read it yet but am about to.)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 120914_01.jpg Size: 109 KB
Click to Enlarge Name: 120914_02.jpg Size: 113 KB
Thanks J16, Sam Seiden, Udine and Jacko
  • #85
  • Oct 11, 2012 4:50am Oct 11, 2012 4:50am
Hello,

I started to study Supply/Demand zones and find this topic quit interesting.
I want to share some ideas.
I think Supply/Demand zones could be use for swing trading but also for daytrading.
Here is Aud setup as I see it.

I sold Aud at first line and take 6 pip. If next line will be triggered today, I expect 25 pip.

Happy trading,
FX-Analyst
Attached Image (click to enlarge)
Click to Enlarge Name: Aud_Supply_2012.10.11.jpg Size: 82 KB
  • #86
  • Oct 11, 2012 5:03am Oct 11, 2012 5:03am
Very interesting indicator. Thanks for sharing.

Quoting djarum11
not sure how it works
but it's the best SR indi i have found.
good trading
  • #87
  • Oct 11, 2012 7:06pm Oct 11, 2012 7:06pm
Quoting fx-analyst
Hello,

I started to study Supply/Demand zones and find this topic quit interesting.
I want to share some ideas.
I think Supply/Demand zones could be use for swing trading but also for daytrading.
Here is Aud setup as I see it.

I sold Aud at first line and take 6 pip. If next line will be triggered today, I expect 25 pip.

Happy trading,
FX-Analyst
Attachment
I looked at your chart and drew some lines where I see S/D imbalances. Note: one has been balanced out. There's also retracement lines which can be used as profit taking levels. (If it's not understandable, I'll go more in detail.)
Attached Image (click to enlarge)
Click to Enlarge Name: Aud_Supply_2012.10.11.jpg Size: 138 KB
Play the players, not the cards.
  • #88
  • Nov 1, 2012 7:25am Nov 1, 2012 7:25am
where can i find current articles by sam seiden?
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #89
  • Nov 1, 2012 8:37am Nov 1, 2012 8:37am
Quoting HanSolo
Hello everyone,

I have read a lot of Sam Seiden articles and saw most of videos in the last months. S&D evaluation has really improved my chart reading. But I'm still struggling with some ideas and I'm pretty sure that Sam Seiden only tells us half the truth (which is perfectly ok as he has his XLT people pay money for). I think those levels prices moves away from in a strong fashion must have some other characteristics he does not mention in his public videos and articles. I would like to find them out. Maybe you guys can help or want too.

Here...
Hey Hans Solo. Supply and demand levels are powerful but like anything else we need to see price action at those levels. Looking at your charts there was not any price action to go short.
  • #90
  • Nov 1, 2012 8:41am Nov 1, 2012 8:41am
Quoting Winston Reed
Hey Hans Solo. Supply and demand levels are powerful but like anything else we need to see price action at those levels. Looking at your charts there was not any price action to go short.
Thanks Winston, you're right. Furthermore price made higher highs recently so it wasn't unusual for price to get even higher than my level.

@Libra: You can find a lot of his stuff at tradingacademy.com and fxstreet.com.
Thanks J16, Sam Seiden, Udine and Jacko
  • #91
  • Nov 11, 2012 4:15am Nov 11, 2012 4:15am
Hi guys,

I'd like to share few charts with S/D zones I consider to be relevant on 1h

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 101 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 94 KB



Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 108 KB


Regards
dzacek
  • #92
  • Nov 27, 2012 9:20am Nov 27, 2012 9:20am
Hi,

I'm new in this thread and very interested in Sam Seiden work.

I would like to know how he draws the supply or demand areas. Is there a mechanical way to define the top and bottom levels of a zone? Do we look at the body or the wicks of the candles?

And what is then triggering our trade? I saw it was possible to use Bollinger Bands or the CCI, but Sam Seiden said that he was himself not using those. Could anybody explain it?

Also, if the area is broken by a candle wick, is it still valid or should we avoid the trade because of a possible trend continuation through the area.

Thank you very much in advance ;-)

Daniel
  • #93
  • Nov 27, 2012 9:57am Nov 27, 2012 9:57am
Hi Daniel, see my answers in red.

Quoting dvarrin
I would like to know how he draws the supply or demand areas. Is there a mechanical way to define the top and bottom levels of a zone? Do we look at the body or the wicks of the candles?
For a supply level you would zoom into the origin of the drop and place your entry at the lower bodies of the candles. Seiden calls this where the meat of the supply lies.

Quoting dvarrin
And what is then triggering our trade? I saw it was possible to use Bollinger Bands or the CCI, but Sam Seiden said that he was himself not using those. Could anybody explain it?
Sam Seiden teaches different strategies some of which he is not using himself. You can choose one of them: trade bare naked charts or his so called 'All-star entries' with bollinger bands. For his different strategies I would highly advice you to watch all of his videos and read his articles.

Quoting dvarrin
Also, if the area is broken by a candle wick, is it still valid or should we avoid the trade because of a possible trend continuation through the area.
It depends on how deep the level was penetrated by the wick. I think in some of his videos Seiden says we should leave the level alone if it has been pierce by +50 %. I found it also depends on how price reacted to the level the first time it touched it. Was there are a strong reaction or a weak one? It also helps to zoom into smaller TFs and look how price's initial reaction was.

I think Seiden's stuff is one of the most valuable for beginning and more experienced traders alike that I could find on the internet. He's still only telling us half of the truth (the rest can probably be read and seen in his member area), but this half can really improve your chart reading abilities a lot. And it is the only explanation for what really happens behind the scenes I have found so far.
Thanks J16, Sam Seiden, Udine and Jacko
  • #94
  • Nov 27, 2012 10:23am Nov 27, 2012 10:23am
Quoting HanSolo
Hi Daniel, see my answers in red.



For a supply level you would zoom into the origin of the drop and place your entry at the lower bodies of the candles. Seiden calls this where the meat of the supply lies.



Sam Seiden teaches different strategies some of which he is not using himself. You can choose one of them: trade bare naked charts or his so called 'All-star entries' with bollinger bands. For his different strategies I would highly advice you to watch all of his videos and read his articles.



It depends on how deep the level...
For sure what he showed is crazy. I just discovered that and I'm really impressed.

Are the videos and articles you're talking about free? I unfortunately don't have the luck to be a member of his academy :-(

How dow we draw the top and bottom levels in the case of a drop - base - drop or rally - base - rally area? Sometime the base can be quite wide.
  • #95
  • Nov 27, 2012 10:29am Nov 27, 2012 10:29am
Quoting dvarrin
Are the videos and articles you're talking about free? I unfortunately don't have the luck to be a member of his academy :-(

How dow we draw the top and bottom levels in the case of a drop - base - drop or rally - base - rally area? Sometime the base can be quite wide.
Yes, the videos and article I talk about are free. Just google Sam Seiden und you will find them. The rule for a RBR would be to draw the entry level at the upper bodies and the stop level at the lower wicks. For DBD it's vice versa. If the level is too wide zoom into a smaller TF and try find some level within the level.
Thanks J16, Sam Seiden, Udine and Jacko
  • #96
  • Nov 27, 2012 10:34am Nov 27, 2012 10:34am
Quoting dvarrin
Are the videos and articles you're talking about free? I unfortunately don't have the luck to be a member of his academy :-(
His videos (webinars) are free here.
  • #97
  • Nov 28, 2012 2:42am Nov 28, 2012 2:42am
Quoting TheMaxx
His videos (webinars) are free here.
Thank you ;-)
  • #98
  • Nov 28, 2012 8:49am Nov 28, 2012 8:49am
How do we determine if we have a fresh supply or demand area.

I was thinking that if I see a strong move coming out of any level and since it happened the price never returned to that level, then it would still be a fresh area. But in one of his webinar Sam ignored a supply area, because there where already some reaction at the same level before the supply area was created.

So we have to look before an area too to define if it is fresh or not?
  • #99
  • Jan 3, 2013 9:46am Jan 3, 2013 9:46am
Which of you is profitable with Sam Seiden Supply and demand strategy? I tried this strategy over 6 months with trades were taken only 9 or 10 Sam Seiden Odds ENhancers. I need more explanation from someone what are profitable with this strategy.
Thank!
  • #100
  • Jan 20, 2013 10:23pm Jan 20, 2013 10:23pm
Just a quick question regrading S/D zones and orderflow from institutions.

If the premise behind S/D zones is, institutions place massive orders that are unfilled (congestion, followed by a big move away) wouldnt they have to be 'limit orders' and if its a buy order they are placing above current price wouldnt it have to be a buy stop, meaning there would be no unfilled orders when price moves away because a 'buy stop' is treated as a market order (thus nothing there to fill when price returned).

Furthermore, I know they say its the imbalance that causes the price to move away but what is actually happening to cause this.

I have watched some sam seiden webinars etc, however cant seem to find answers to the above two queries.

Any help would be appreciated.

Cheers,

C
Bye Bye FF
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