whakamaru

Pretty quite in here lately after a good start.

To get this started again would it be possible for people to briefly describe the process they use to mark their supply and demand levels. To me it seems a little bit subjective to where you mark these areas.

You need to have zigzag indicator on your indicator folder.This indicator call zigzag indicator if you don't have you can't run.

Thanks. Just downloaded the zigzag indicator and all is running now. Thanks

Here is a secret share just for my indo friends in this thread!

 

I have just had professionally coded my own Custom Indicator that may be a help to those who already understand how to plot swings and breaks of them. I have never shared this before but wanted to save it for a special moment...

 

Below is an image of recent EURUSD. In the picture, the indicator is programed to follow fairly large swings however that can be customized whatever way you like. You can also customize how many pips it must break the swing by.

 

http://i177.photobucket.com/albums/w201/jtimpsonstamps/jt.gif

 

and here it is. Enjoy!

 

http://www.mediafire.com/?xh6quaxcxs91xmt

 

this is for your personal use and not to be resold. Thanks for respecting my wishes on this.

Thanks all this info. I downloaded the indicator, but when I add it to mu MT4 chart if freezes MT4. Does anybody else have the same issue.

Successes and failures are part and parcel of learning. Many do not get it and only want profits and not losses. You can't have one without the other. Once you get around that, you will be successful.

 

I have read Sieden saying that on higher time frames, it would be best and supply and demand zones works best as there are less noise. Having said that, he did mention that day trading using this method can also be profitable as long as you know what you're doing.

I don't mind the failures at this stage. The failures are where I am learning more of what I did wrong.

The 1hr seems the best (for me at this stage anyway).

As you mentioned there is a lot of noise on the lower timeframes, especially when you get several supply area levels near each other or server demand areas near each other.

Thanks for your great analysis and posts JimJamBonks.

 

I would like to propose that we put up potential trades with naked charts, no lines, nothing, in order for new comers and experienced users of this method to discuss trades before they actually happen. I think with that we can equip anyone who would like to further learn this method of trading and we can only learn by doing and through constructive discussion.

 

Please no PETTY SQUABBLES. Trading is not an exact science. The very least we can build up a great foundation here.

 

What say you guys and gals?

hedgehog

That is a great idea. I am still trying to get the hang of this (being a real newbie to trading). I have done a couple of small successful trades and also done probably more unsuccessful ones as well.

The unsucsessful ones where of the lower timeframes 15 min and 5 min. I feel more comfortable with the 1hr chart.

Another trade on the go. This time an AUDUSD based on the 5min. The AUDUSD was coming into a really quite ugly area of price action demand on the longer timeframes so I was looking for a sign of any shorter-term demand areas setting up.

 

See the chart as price had moved up from the lows and then see how the candle marked with a thick black arrow just pulled back and briefly touched the area near the low and then pulled away quite quickly. This is a pattern of action I look for and it helps me define the depth of the zone. After this the move up I was simply waiting to see how price action played out to revisit the area.

 

As it happened price moved quickly down to the area without any obvious opposing supply 'speedbumps' leaving good profit potential of 2:1 so I went long at 1.0519 with stop at 1.0508. 1st target was reached just before opposing supply level at 1.0540. Stop is now at breakeven and second half target sits at 1.0569.

 

http://img199.imageshack.us/img199/3710/16062011audusd5minlong.jpg

Can I ask why you are going long. Isn't that against the trend.. Shouldn't you be going with the trend and therefore waiting just in the area above your target 3 and then going short. or have I go this wrong

Nope.. the cannot cut thru the candles is defined by Sam Seiden not 60minuteman. 60minuteman is following Sam Seiden closely. If there any cuts thru, I think it is not that significant. It is just 1 or 2 candles in that same area....

 

Smile

Chankl78

I have seen Sam sometimes cut through some of the candle bodies in his webinar

Hi

I have been going through the webinars and Supply & Demand Trading Journal by 60minuteman and one of the things mentioned is that you don't cut through the candles when drawing the supply and demand zones. I have noticed that Sam some times cuts through the candle bodies. So is this a valid rule of not cutting through the candle bodies or can this be a discretionary rule?

whakamaru: It matters not what else you need to know. The Demand and Supply method is pretty rule-based. The rest is pretty discretionary. You will gain by reading up on patterns, candles, etc but over time, in my opinion, nothing can better experience. So don't come into this industry thinking you can use one or two magic indicator and or system and be a millionaire in a year or want to compound 1% per day. That's noob thinking. I have been trading for most part of my life as an institutional trader and am still learning. Like I said stick to ONE method, use RISK MANAGEMENT (never over-exposed yourself) and learn along the way.

hedgehog

Thanks for the advice.

I agree with you on experience. I am not looking for the magic indicators, I have tried some indicators and they don't work that well, for me anyway.

I just want to get a good understanding of how all this all works, especially identifying the correct major supply and demand levels. I think that this is the most important part and then next managing the trading.

I think, after watching an XLT video posted here, XLT sessions are just like Fxstreet webinar except the fact that it is a daily affair, and students get the levels on a daily basis. So, IMHO, there is no point in buying the XLT videos, bcoz the levels are just not relevant.

I personally think it would be really helpful if the XLT course was available some where. It would help put all the pieces together from the webinars

Out of the many webinars, I found this to have sum up all of what Seiden teaches. The other webinars are good to be sure, but they all try to hammer in the same thing. What can be said of Seiden and his method is that it is not difficult and if we just allow ourselves to simplify our thinking and not complicate and cloud our brains, we can make it successfully in trading. Now, guys and gals, please do not try to 'improve' anything. This is a simple and straightforward method. Just leave it at that. No other indicators are necessary. Just plain and simple supply and demand. Real world stuff. Economics 101.

 

Enjoy the webinar.

 

http://www.multiupload.com/58OFBAN8RK

Thanks for the link.

This had some additional information that I had not seen previously in the other webinars. I still think there is alot more to learn that is not in the webinars.

Help

I am a newbie trying to learn to trade.

I have have watched the Sam Seiden webinars and was wondering if somebody could explain where Sam draws his supply and demand lines from. Does he always draw them from a swing low/high point or can they also be drawn from a pullback or retracement

I also have the indicator II_Supdem and trided this one as well supdem. They drew the supply/demand in different places

Also what is the best timeframe to draw them on. I see in a previous thread that force.tf was set to 60

Also where are the best places to take profit or do you just let the trade go from support to demand or demand to support as Sam does.

I really like what I have heard from Sam and see real potential in using this method.

Hi

This all very interesting

Does anybody have these files from the XLT course available to download

hxxp://www.tradingacademy dot c0m/courses/XLT-Forex-Trading-Curriculum.aspx

thanks

Firstly thanks chankl78 for all information. All this is very interesting.

Do you use the volume indicator at all that is shown in your chart

It take a long time for this to come true.. wahahahahha

 

Smile

Chankl78

Hi

I am unable to download http://www.filesonic.com/file/364177524/Understanding.FxF.part04.rar

Are there any morrirs to download this file. All other files download OK.

Thanks

Hi I just successfully downlaoded from here

"Download From HotFile"

http://hotfile.com/dl/76762851/459f812/Mission.Phoenix.-.Forex.Trading.System.6.CDS.(FLV)..2.Indicators.(MQ4s).part1.rar.html

http://hotfile.com/dl/76762853/221551b/Mission.Phoenix.-.Forex.Trading.System.6.CDS.(FLV)..2.Indicators.(MQ4s).part2.rar.html

http://hotfile.com/dl/76762855/4e4b6b9/Mission.Phoenix.-.Forex.Trading.System.6.CDS.(FLV)..2.Indicators.(MQ4s).part3.rar.html

"Download From FileServe"

http://www.fileserve.com/file/VqMzXke/Mission.Phoenix.-.Forex.Trading.System.[6.CDS.(FLV).+.2.Indicators.(MQ4s)].part1.rar

http://www.fileserve.com/file/FaZj5fb/Mission.Phoenix.-.Forex.Trading.System.[6.CDS.(FLV).+.2.Indicators.(MQ4s)].part2.rar

http://www.fileserve.com/file/jMevmb7/Mission.Phoenix.-.Forex.Trading.System.[6.CDS.(FLV).+.2.Indicators.(MQ4s)].part3.rar

hI

Just found these mirrors and with 10% recover

http://hotfile.com/dl/85362089/d7dd537/Mission.Phoenix.by.Forexwill.com.part1.rar.html

http://hotfile.com/dl/85361962/1bd6784/Mission.Phoenix.by.Forexwill.com.part2.rar.html

http://hotfile.com/dl/85362083/7eb8557/Mission.Phoenix.by.Forexwill.com.part3.rar.html

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Do you have any rar recovery records for file007.rar, file008.rar and file012.rar files from the above link. Beacause I have downloaded these several times and each has an eof error.

Figured it out. Need to look at the first file downloaded (Contents1.html) and also use hjsplit

hello attached a container file posted by et_phonehome_2 it contain links to max system(many sessions )

 

you need to use jdownloader or cryptload to use the container file

 

http://rapidshare.com/files/390486092/TMAX.ccf.html

Do you have any rar recovery records for file007.rar, file008.rar and file012.rar files from the above link. Beacause I have downloaded these several times and each has an eof error.

Here's a torrent link also

hxxp://www.d3monoid.m3/fil3s/d3xails/2508011/125440/

replace the all 3's with an e and x's with a t