Sam Seiden: Trade Management?

Hello

I just started to watch some of the Sam Seiden Support and Supply video series. Very interesting.

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My question is for those who are using this method: What is the suggested trade management applied with it. Once the entry is done, do we move the stop to BE or wait for the first profit area to close a portion or all positions. Any suggestion or opinion appreciated

Martin

I follow the core of his strategy but have a twist to it and am VERY selective on the zones I pick. I would advise that you make the strategy you follow as simple as possible - set it and forget it. Moving the stop to break-even is a poor decision in my opinion as price often lingers for a little while before taking off. As far as second hits without reaching TP (significant time between first tap of supply/demand and next), I'm still working out an opinion on that. For the TP I observe how far the original move went and set my take profit at that area. You've stumbled onto some real gold, just know that it will still take time to master this skill.

Intersting advis. I will look at that also

Martin

Try this. The 2 pdfs. and the thread. http://www.forexfactory.com/showthread.php?t=311095

Hello Lou
Fist I was skeptic of the provided link, but this is very interesting. Thank you.

Martin