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Sam Seiden's supply and demand - Does it work?

  • #41
  • Aug 21, 2013 12:24pm Aug 21, 2013 12:24pm
Quoting nomadic123
I've just finished watching ALL of Sam Seidens videos on fxstreet.com and I'm currently demo testing his strategy. I was wondering if there is anyone out there who is making CONSISTENT profits with his S&D method?? I know it's popular and he has a lot of die hard fans (I could almost categorize myself as one too) but I'm yet to come across anyone making money from it week in week out. Please convince me otherwise
You still Dont Understand what he is talking about if you still think what he told in that videos is an 'Strategy' or 'Method' , you better watch it again and hear all he says.. dont miss 1 word and think with Logic. What he give to you all freely is how to understand levels.. price movement.. and how to understand any market work with supply and demand.
  • #42
  • Aug 21, 2013 12:24pm Aug 21, 2013 12:24pm
Quoting Mingary
Sam Seiden's supply and demand - Does it work? it does not work. Mr. Seiden makes money from selling courses, not trading. If you are interested and want to waste your time at least don't waste your money. Do not buy anything from OTA. All that stuff is free if you look for it.
another stupid broker puppet
  • #43
  • Aug 21, 2013 12:27pm Aug 21, 2013 12:27pm
Quoting Mingary
{quote} That is a rather common excuse. "It's the trader. not the system". The system is not going to trade itself. The trader has to do it, and if he can't do it then the system does not work. Logical, don't you think? You end up with a "should've would've could've" system That is why Mr. Seiden sells training and does not trade for a living.
Blablabla.. why not do something interesting? like learning to shut your mouth and stop discouraging traders? go back to your broker and ask for pension. Your job is useless
  • #44
  • Edited 2:06pm Aug 21, 2013 12:38pm | Edited 2:06pm
Quoting SEDR Corp.
{quote} Blablabla.. why not do something interesting? like learning to shut your mouth and stop discouraging traders? go back to your broker and ask for pension. Your job is useless
You think I am a broker? Them are fighting words (: Obviously english is neither your first language nor your strong point or perhaps you are a bit dense.
And yes, Sam Seiden is an arrogant, pedantic twat who could not make 1 pip to save his live... but he can sell training on how to do it..
Or is that Greg Secker ? Tony Robbins ? I am not sure..
  • #45
  • Oct 28, 2013 1:42pm Oct 28, 2013 1:42pm
Quoting Myo
If it worked he wouldn´t need to sell it, right?
That's the key point
  • #46
  • Dec 9, 2013 4:55am Dec 9, 2013 4:55am
You don't have to pay that amount to find out if it works..his courses are available for free download on the web.
You may also try the Panoramia thread here at FF since he use all the OTA teachings.
  • #47
  • Feb 8, 2014 6:23pm Feb 8, 2014 6:23pm
Quoting GVastola
{quote} Yeah the free content alone is already very good; for my experience the method is more prone to loss when big news are in play, for example at NFP obviously. That is because large market orders can deplete S/D zones. Therefore, I personally simply stay out the market before big news and use Sam's approach in any other time, and I'm profitable. I'm sure it happened to you too guys to see people showing a chart with a big rally/drop and trying to explain it with 3 EMAs, RSI, Stoch and some rumors, and failing to see that the move simply started...
Watch Sams video on how to trade fundamental announcements and you will soon change your opinion!
  • #48
  • Feb 17, 2014 11:55pm Feb 17, 2014 11:55pm
I'm new to forex trading (as hands on) but I've done a lot of exercises on the strategies I found and the best approach I found is with what Sam mentioned in his way, still not easy but gave better results and looks like needs more training,
  • #49
  • Mar 23, 2014 7:47am Mar 23, 2014 7:47am
No it doesn't work.
It was already proved (and shared here on FF) that the system is just another form of technical analysis. No better results than that, just blind trading.
Whoever made money using this was because it was not using this system as it is layed out, as soon as they entered into a profit position they would forget everything about what the system was signaling them to do and just hope it would go right.

Quoting Kanzler
Sam's material is great but it's not a system. It's a part of understanding the markets but hardly the only thing.
He says its a system, look at any video from Sam and he will teach it as a system, the chart supposely shows where are the sell orders and the buy orders that way you can read the market easily.
  • #50
  • Mar 23, 2014 5:16pm Mar 23, 2014 5:16pm
Quoting SEDR Corp.
{quote} Blablabla.. why not do something interesting? like learning to shut your mouth and stop discouraging traders? go back to your broker and ask for pension. Your job is useless

its actually sad you gotta resort to abusive language just because people don't agree with you... its normal in life... keeps a balance in this world... who cares if they don't believe?

Each to their own... i personally believe Sam's method is the strongest and simplest forms of trading out there... no matter if you guys don't like it - you may have another system which works better for you... the end result is what matters and that we are all successful right?

goodluck to you all..

BTW - I don't know where you guys keep saying 'paid material' go to www.fxstreet.com and search for sam's webinars... they are ALL FREE and in those he teaches you everything you need to know to trade the method he's preaching..
  • #51
  • Mar 27, 2014 5:22pm Mar 27, 2014 5:22pm
You can approach Sam Seiden in two ways. Coming from a science and engineering background, I will provide analog to lower division requirements and dependencies between engineering technologists and scientists and engineers.

Most engineering technologists enter such courses hoping they can be told what to do. On the other hand, the engineers and scientists enter to understand the inner workings. Hence, one may realize why it is a great offense to call an engineering technologist an engineer. Comparatively, quantitative analysts can become irate when you mix them up with technical analysis.

So, what does Sam Seiden teach you?

To the technologist:
Trade at consolidation (supply and demand) points.

To the scientist and engineer:
Why to trade at such points.
  • #52
  • Mar 28, 2014 10:17pm Mar 28, 2014 10:17pm
The thing is that he builds this stuff up by going through his CME times, where according to him, was handling instituional orders and observed how it looks like in a price chart when price got into those orders. Therefor he affirms that you can tell where the orders are stacked and where is the big buying/selling interest (turning points) even before price goes there, only by looking at the price chart.
So when price gets there supply exceeds demand so prices go down. And he goes on like this very logicaly so its easy to get fooled into. You just have to believe the premisse is true and the rest will follow trough.

The reality is that what he is telling you its all false, you can't tell where are the stacked orders by looking at a chart, thats just not how it works, it would be easy if it was like that and everyone would be rich or front-running everyone.
  • #53
  • Edited 3:40am May 10, 2014 3:26am | Edited 3:40am
Sam sieden has fooled many people.

He identifies a supply/demand level and then he predicts in advance that there will be huge orders due to which prices will move away from the level. What he forgets to mention is that between the time a level is created and the time it reaches the level for the first time ,a lot can change. The pending orders can be modified/removed Why? because

1. the institutions are not going to keep pending orders at a level, that would block their money. So if they identify a opportunity elsewhere they will remove those orders and place fresh orders somewhere else.


2. Secondly institutions selling heavily at a supply level can change their opinion and convert them to buy because some news or fundamentals have changed.

3. If i as a institution knew where the order are pending(liquidity) exactly, i will go the other side and get my fill. It's would be too easy.

So now guess what will happen when price reaches a level, it will blow right through it. The reasons mentioned above is the reason why the levels don't hold. But sam doesn't say all this , because he has to sell his ideas/theory.

No one so far in the history or now has ever sold their strategical edge of markets. Do you see george soros and the Tudors selling any strategies? No. The reason sam does it because it does not work, at least not enough to make a strategy work.

The levels work at random and they are a random event, if you think you can add odd enhancers/moving averages/indicators ..etc it will still not make it work , why because the levels themselves work randomly because the order flow is dynamic and not static like sam wants you to think. So you will have more losers than winners and even your Risk reward ratio will not cover the losses. At best you will break even or lose.

I could also find a random event in market and show it to you after the fact and make up a nice story behind that move and try to convince/sell it to you. you can see many people do this in the commercial section. Real traders who make money don't have the time or the inclination to sell anything period.

Like the saying goes a fool is always parted from his money....
  • #54
  • May 10, 2014 5:04am May 10, 2014 5:04am
Quoting zamfir
Sam sieden has fooled many people. He identifies a supply/demand level and then he predicts in advance that there will be huge orders due to which prices will move away from the level. What he forgets to mention is that between the time a level is created and the time it reaches the level for the first time ,a lot can change. The pending orders can be modified/removed Why? because 1. the institutions are not going to keep pending orders at a level, that would block their money. So if they identify a opportunity elsewhere they will remove those orders...
I totally agree.
But you had me at the opening sentence. ... (:
  • #55
  • Jun 6, 2014 7:28am Jun 6, 2014 7:28am
well supply and demand...it works...i dunno these two men knows sam seiden or not..but what they showed you looks like a perfect version of supply and

demand theory...

http://www.forexfactory.com/showthread.php?t=309766

http://www.forexfactory.com/printthr...=445508&page=1


it works but you need to practice and add lot of things...
  • #56
  • Jun 6, 2014 8:27am Jun 6, 2014 8:27am
Quoting EinsWaltz
well supply and demand...it works...i dunno these two men knows sam seiden or not..but what they showed you looks like a perfect version of supply and demand theory... http://www.forexfactory.com/showthread.php?t=309766 http://www.forexfactory.com/printthr...=445508&page=1 it works but you need to practice and add lot of things...
Yes sure it works.....SOMETIMES. Everything works sometimes, but not enough to give you the edge.

All i can say is that it FAILS more often than it works. It's no better than say a moving average and sam sieden claiming that Technical analysis doesn't work is complete BS. How do you think so many traders (institutions and retail) have used it and yet continue to use TA. He feeds a lot of Bull shit to sell this theory, that is the problem. He talks as though S/D is the only way to trade and will eventually lead to holy grail. Don't believe me, see how many threads started on S/D on FF and see how they are collecting dust now.

Anyone can show a theory and says it works, doesn't mean it works good enough. So take this S/D theory with a grain of salt.

If it works for you , use it.
  • #57
  • Jun 10, 2014 8:39am Jun 10, 2014 8:39am
Quoting zamfir
{quote} Yes sure it works.....SOMETIMES. Everything works sometimes, but not enough to give you the edge. All i can say is that it FAILS more often than it works. It's no better than say a moving average and sam sieden claiming that Technical analysis doesn't work is complete BS. How do you think so many traders (institutions and retail) have used it and yet continue to use TA. He feeds a lot of Bull shit to sell this theory, that is the problem. He talks as though S/D is the only way to trade and will eventually lead to holy grail. Don't believe...

Well if you use only sam seiden's S/D theory in your trade...i believe it could destroy your account..you should add more things like something inside the web i

gave above..trend line..maybe volume..or whatever things that you think will works...

thanks
  • #58
  • Jul 3, 2014 7:08pm Jul 3, 2014 7:08pm
In order for anything to work, you must first now exactly what you are doing. I use the supply demand system, as well with a custom indicator. I am debt free and trading full time with a family of 5. I love it.
Doc K
  • #59
  • Jul 4, 2014 7:01pm Jul 4, 2014 7:01pm
Quoting Doc_kirbs
In order for anything to work, you must first now exactly what you are doing. I use the supply demand system, as well with a custom indicator. I am debt free and trading full time with a family of 5. I love it.
Are you using the II_Supdem V2 indicator available free on the net. If not, can you kindly share yours? It would be interesting to make a comparison between the two.

Neytiri
  • #60
  • Jul 5, 2014 12:02am Jul 5, 2014 12:02am
Quoting Neytiri
{quote} Are you using the II_Supdem V2 indicator available free on the net. If not, can you kindly share yours? It would be interesting to make a comparison between the two. Neytiri
I went to online trading academy and learned the trade. No indicator used for S/D the indicator don't draw the lines correctly. I use forex4live.com paid indicator for backup.
Doc K
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