Sam Seiden Supply & Demand no more value than technical analysis?

Hi Rory.

Thanks for the link to MNI.

Setrighty

Do Sam Seiden's S/D levels work? No , they do not. One poster here asked if the thread starter was a millionaire like Seiden. What does that have to do with anything? It's just a rhetorical question. Hey, Seiden supporter, I could ask are YOU a millionaire yet? If not, why not? Aren't you following Sam's Holy Grail to forex profits? I don't know if Seiden is a millionaire or not, but if he is, it's from marketing over-priced systems, not from trading.

Learn from history - did you know most miners during the California gold rush never made a fortune? Do you know who did? General store owners who sold supplies to the miners and saloon owners who sold the miners whiskey and whores.

The same is true for forex - most traders lose, but there's an entire industry devoted to selling them useless systems. Slap the words "supply and demand" or "order flow" onto your baloney system and the gullible will buy it.

Another poster noted successful taders don't teach. Kudos to you! You're exactly right. I have yet to see a single education course being offered by a trader from Goldman or Deutsche.

Finally, the thread starter showed that randomly generated charts show these so-called levels. I repeat - RANDOMLY GENERATED CHARTS looks just like real charts. Do you know why? Because market movements are random, that's why.

Bump, cause i am curious

online trading academy is a scam operation. no one makes money consistently. everyone loses money consistently. the so-called trader/instructors are commission sales guys. they do not use the online trading academy "core strategy" to make money because it does not work.

eyal shahar and sam seiden are con artists - thieves.

the "supply and demand" system is simply support and resistance plus fibs. they charge up to $107,000 for this.

here is one trick the "instructors" sometimes use: during the class they put on 7 or 8 random trades, without the class knowing about it. after a few hours they cherry-pick the one that is most in profit and show it to the class. they do not mention the other loser trades.

here is what they say: "to show you how easy our trading method is, while you were on break i placed this trade. you can see it's now up $1000 in less than an hour. now imagine if you did this every day for a week - you'd have $5000 for almost no work at all! if you did this for a year, you'd have $250,000 in your pocket. by using our rules-based system, anyone - with discipline and self-confidence - can do this."

newbie traders sign right up. no money, no problem - they have 17% financing.

seiden and shahar are con-men and scammers, as is everyone who works at online trading academy. they call themselves an academy to avoid prosecution.

their sales method is well oiled and sophisticated, working on people's fear and greed. they push "earn as you learn" but everyone loses money. when you complain about losing money, they blame you for not following the "rules-based" system and lacking discipline. then they try to upsell you to another class for additional thousands of dollars.

these scammers make more money than trump university.

From personal trading experience. Prices tend to slice through these so called supply/demand levels 9 out of 10 times (or probably worse). Getting stopped out is almost guaranteed because OTA recommends tight stop loss orders. You will not be able to cover your accumulated losses even if you manage to get a (rare using this system) 1:3 winning trade.

I just skimmed through this thread and everyone in the entire thread is missing the point about supply and demand. So i will try to inform you right now. Supply and demand are levels where potential bank/institution orders may be sitting. But they may not be there depending on the level. Some of the levels do have orders sitting there and some dont.

So what is the edge? You have to use your brain to think logically.

#1. Banks/Institutions are made up of people who set orders at these levels. But if price doesnt come back to this level until 2 days have passed, THERE IS A PRETTY GOOD CHANGE THE BANKS REMOVED THEIR ORDERS. So all those orders waiting to be filled at that level may not be there anymore because too much TIME HAS GONE BY. So you have to TRADE RECENT SUPPLY AND DEMAND LEVELS.

You cant look at a demand level from f***ing 2009 and look to go long. You cant even look at a demand level from 2 days ago, because the agenda of the banks may have changed. Havent you all set orders to be filled before and then decided to cancel your unfilled order because price was being a c*** and did not want to hit your level? WELL NEWS FLASH, BANKS are made of PEOPLE and they do the same thing.

You want RECENT sup/dem levels no further back than the PREVIOUS DAY. Because every day banks can change their agenda but sometimes they will refer back to the previous day if they had a level they were interested in before. This recency will increase your accuracy. This means that you will have to stick to smaller timeframes like 5m-30m

#2. London London London
You should only be trading off of sup/dem levels that were created no earlier than the most recently closed london session, preferably the current london session, preferably during the current london session. Why? Because Most of the worlds largest banks/institutions are interested in trading LONDON session. WHy? I dont know maybe its because LONDON IS THE FINANCIAL CENTER OF THE WORLD. Or maybe i dont know LONDON HAS THE HIGHEST MARKET PARTICIPATION WITH 40% of all forex transactions being executed IN LONDON which is why many big banks keep their dealing desks in London. News flash, LONDON trades LONDON SESSION.

You cannot trade london session supdem levels if you are on the MONTHLY, WEEKLY, DAILY, 4H, or even H1 chart althought you may do ok with H1 but thats kinda too big since london session is only 9 hours ur dealing with 9 candles so no.

Best time frames would be m5 and m15. Sometimes m30.

The trades should look like this(THE GRAY BOX IS LONDON SESSION, THE BLUE BOX IS THE SUP/DEM LEVELS):