Trading Currency Futures using Sam Seiden Supply & Demand levels
- #245
- Edited 9:25pm Feb 15, 2013 9:14pm | Edited 9:25pm
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
Just wondering if someone could briefly explain a couple of quick things re siedens approach.
1. Do institutions often leave unfilled orders. Is this standard pratice
2. If they place limit orders, say buying. How does their limit orders cause price to rise and leave a congestion area quick when limit orders are passive. Meaning it should be market orders that cause price to rise.
3. Couldn't it be a lack of supply that could also cause price to shoot up and not always increased buying pressure of institutional orderflow in a demand zone vice...
2) They aren't doing it all at once. They have to keep price at a level that buyers don't overwhelm the market and price moves away. The goal is to keep sellers selling so that they can keep buying. If they dumped their entire order on the market at once sellers would be spooked and they wouldn't get the fill. When you start running into liquidity issues with huge orders the game becomes much more difficult and you have to do stuff like that to get your job done.
3) Not really. These markets are very liquid and there are orders everywhere. There aren't typically big gaps of orders where light volume can just move the market....I don't really know what the real numbers are but I've heard repeatedly that it takes millions to move the markets even a pip. Only institutions can eat up these orders and move price in such a radical way.
Sorry that your questions were ignored for so long, hope you get a chance to read this.
To be quite frank it's hardly a surprise that so many people say this doesn't work because the vast majority don't even know what they're doing. You have a whole library of videos and articles to learn what's going on and as soon as you try to do it yourself you quickly start drawing trendlines, textbook support and resistance, and then somehow believe that's supply and demand, much less do you concern yourselves with taking fresh areas. Sorry, take another look, because they're not at all the same things.
- #249
- Edited 9:25pm Mar 29, 2013 9:10pm | Edited 9:25pm
Some people say that when you look at a chart you see what you want to see. You see what you KNOW to see.
These are 4hr charts. But you get the idea.....
When you look at these larger timeframe charts it tells you which levels to be giving more weight to... the supply levels, or the demand levels... on this larger timeframe you can see that clearly the demand levels are the ones that have been getting violated.. and the supply levels are the ones being respected.. so on the smaller timeframes you look for supply level trades more so than demand level trades.... Make sense?
p.s. Sam Seiden does not know I exist. I have no affiliation with him or his academy.. I just know what's been working for me...
These are 4hr charts. But you get the idea.....
When you look at these larger timeframe charts it tells you which levels to be giving more weight to... the supply levels, or the demand levels... on this larger timeframe you can see that clearly the demand levels are the ones that have been getting violated.. and the supply levels are the ones being respected.. so on the smaller timeframes you look for supply level trades more so than demand level trades.... Make sense?
p.s. Sam Seiden does not know I exist. I have no affiliation with him or his academy.. I just know what's been working for me...
Hello everyone. I'm not here for a long time was. Received another letter from Sam Seidon and a little indignant. He describes the sale USDCAD and the level where they sell the banks. Why are outraged? I will answer.Figure 1 shows the level of supply (yellow), I do not mind to sell at that level, but there is the same level and above and below this level (green). Any trader who just started trading - make a mistake and sell at these levels will be at a loss. Most likely it is for a free review, but also misleading.
original: http://lessons.tradingacademy.com/ar...really-an-art/
Figure 1
Sam Seidon
In fact the offer was March 14, 2013 if you look at the daily. It was after this movement and the need to Sell Now March 19, 2013.Figure2
Figure2
On the one hand Sam Seidon starts to sell the next day after the March 19, 2013. Or is he deliberately misleading to go for paid courses. What I want to say? One should always properly filter information.
