simond

Hi,

One aspect of Sam's teaching of supply/demand that I'm still struggling with is the breakout.

Does the congestion from which the breakout originates respresent in itself a fresh demand level or

is a demand level something else?

Regards,

Simon

Thanks for the tip Jimmy, will definitely keep it in mind and monitor during

this week's trading.

All the best,

Simon

Hey Simond,

3 choices;

-Try looking at a higher tf for clearer signal

-Trouble with long wicks then zoom on a smaller tf and look at candle development to ballpark your pending order

-Most important if your not sure then DO NOT TRADE (this saved me from some losses and winners but if it doesn't look right hold your money)

Hi Ninjatrader,

Thanks for your reply. Out of interest, when zooming in to the candles what would be the smallest timeframe you would comfortably trade the spot?

In an ideal world I would prefer to only ever trade W1/D1/H1 but of course the Forex world is far

from ideal :)

All the best,

Simon

Hi oac

What do you mean by clean levels ?

I mean levels without excessively long wicks that one will often

hear Sam say to be careful of.

Try the demand / supply levels formed at market opens. These can be periods of consolidation & breakout or can be reversals of previous trends ie. when previous S&D levels being reached.

Thanks for your reply Shabz - funnily enough was watching EJ this morning (London open)

and the exact same setup you mention took place - gap up out of the 107.20

region with a pullback and buy around 3 hours later. I didn't take the trade

but good to watch and learn.

All the best,

Simon

Hi everyone,

Trading Sam’s supply and demand model (Yen pairs) it seems to be getting increasingly difficult to find “clean” levels.

What is your tactic for entries in the current market conditions? I’ve been trading off of a 60min chart with “confirmation” type Stop order, which unfortunately means I can’t “set and forget”.

All the best,

Simon

Sam's Levels in Current Market Conditions

Hi everyone,

Trading Sam’s supply and demand model (Yen pairs) it seems to be getting increasingly difficult to find “clean” levels.

What is your tactic for entries in the current market conditions? I’ve been trading off of a 60min chart with “confirmation” type Stop order, which unfortunately means I can’t “set and forget”.

All the best,

Simon

Thanks for your reply, shicuco - and yes, that's really helped to start to make things clearer.

I've only been trading for a few months, and having taken onboard a mountain of information reached the point where I want to just focus on what for me is the important stuff - i.e. supply and demand.

The pivot issue has been a real "confuser" but I think now I'm able

to add the results of our chat to my trading rules, which I'm aiming to

make as clear and concise as possible.

What I really like about Sam's interpretation is how it applies across all

timeframes - the same picture within picture - kind of like a Russian Doll.

All the best,

Simon

Hi shicuco,

Thanks for your reply, and taking the time to help.

I'm familiar with Sam's Odds Enhancers, and his scoring system for

taking a trade. It was just this one video where all of a sudden there

seemed to be some discrepenacy and now I'm a little confused.

The video is here, and the time that he draws in the levels that

prompt the questions from the attendees is around 24:40.

Perhaps you could take a look and give your thoughts?

http://www.fxstreet.com/webinars/sessions/session.aspx?id=a413db7a-e033-4e81-9489-ad35e901734e

I suppose what might look like a great level on a 60min chart could look like a pivot on a daily chart.

I've understood it, (and would you agree), that for a Sam level to actually be a level there needs to

be a period of basing, which is somewhere between 4-8 candles regardless of the timeframe?

All the best,

Simon

Hi everyone,

First-time poster, so apologies if I have posted this thread in the wrong forum.

I've been subscribing to Sam Seiden's Supply/Demand analysis of the Forex

charts in order to try to identify the low risk/high probability turning points.

Something I really appreciate is the clarity with which Sam discusses his methods,

however, during one of his recent FXStreet webinars I noted quite a lot of confusion

amongst the attendees over the distinction between a "good" Supply/Demand level,

and a straight-forward Pivot Low/High.

I'm not sure that the distinction was really broken down in full, and I have to

say I finished watching the webinar none the wiser. Can any of you guys throw

light on the subject?

Thanks in advance.

Simon