hermanhess Posted June 16, 2011 Report Share Posted June 16, 2011 great analysis Jim ! you seem to have picked up the technique very well :) Quote Link to comment Share on other sites More sharing options...
trader.john Posted June 16, 2011 Report Share Posted June 16, 2011 Did Sam cancelled his today's webinar? It was supposed to be @ 1530 GMT today. It doesnt show up in their schedule now. Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 16, 2011 Report Share Posted June 16, 2011 Seems Sam has cancelled his webinar today - though that's not unusual for him to be honest. In the meantime I hope some of you guys are getting on the back of some of these moves off demand for the EURUSD, GBPUSD & AUDUSD. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 16, 2011 Report Share Posted June 16, 2011 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 whakamaru: Remember Seiden almost always say that you buy when everyone is selling and sell when everyone is buying. That's counter trend to me :-) To be successful, you have to go against the herd. If you always follow the herd (not the trend mind you), one day you'll get slaughtered!!  What is important to remember is when you want to take a day trade or any trade for that matter, do refer to a higher time frame and check where bids are in relation to demand and supply zone. If it is near Daily Demand zone, you should be comfortable in taking any long trades in lower time frames and vice versa. Hope that helps. whakamaru and hermanhess 2 Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 16, 2011 Report Share Posted June 16, 2011 EURUSD Long trade 120min shows demand zone. You don't want to be shorting into that. http://img228.imageshack.us/img228/6714/16062011eurusd120min.jpg  5min chart shows a couple of bounces off the lows into the meat of the longer timeframe demand zone. Entered long at close of first bull candle following US news. These are not picture perfect entries, but as Sam Seiden himself says, don't just be expecting perfect setups. The principles of buying dips into demand and selling pushes into supply are sound so long as the price action before it suggests a favourable profit potential. http://img405.imageshack.us/img405/4194/16062011eurusd5minlong.jpg sherlock1713006318, KING_BUNDA, hedgehog and 1 other 4 Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 16, 2011 Report Share Posted June 16, 2011 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? chankl78, whakamaru and hermanhess 3 Quote Link to comment Share on other sites More sharing options...
whakamaru Posted June 17, 2011 Report Share Posted June 17, 2011 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. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 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. 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. Quote Link to comment Share on other sites More sharing options...
whakamaru Posted June 17, 2011 Report Share Posted June 17, 2011 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. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 There is an interview of Seiden in a 2006 Active Trader magazine. Link here:Â http://www.multiupload.com/9N0NEY5PLS learningfx and hermanhess 2 Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 Anyone made money on GBPUSD (TF: H1) yesterday when it went down to Demand zone (1.61009)? It looked pretty scary when Sterling was being trashed, but hey, that's 60 pips plus profits. Happiness :-) Quote Link to comment Share on other sites More sharing options...
priceless_knowledge Posted June 17, 2011 Report Share Posted June 17, 2011 Thank you all for this thread. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 Guys I noticed something. I put up both the S&D indicators, and as most said eyeballing is best, you should notice that there are levels that the indicators do not draw. You can see them easily especially with the indicator up for those who are still inexperienced. So in a nutshell, the indicators can be really helpful. Think of the training wheels on bicycle. :-DÂ Hope this helps. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 (edited) Trade Set-up. Time Frame: H4 Long CADJPY 81.63. Demand zone 81.21/63 Stop Loss 45 pips. Take Profit 100/140 pips. Supply zone 83.12 Risk Reward 1:2/1:3  This is NOT a trade recommendation. This is for information and record only.   "If you read one guy's opinion and do anything based solely on that, you're an idi*t!" - Cliff Assness, AQR Capital Management Edited June 17, 2011 by hedgehog Quote Link to comment Share on other sites More sharing options...
saamy Posted June 17, 2011 Report Share Posted June 17, 2011 5 years of sam seiden ssupply and demand all the articles of sam from trading academy "http://www.tradingacademy.com/free-resources/Newsletters.aspx" all put in word file plus PROBABILITY ENHANCER & some trading notes http://www.4shared.com/file/eIQCYxlZ/5_years_of_sam_seiden_ssupply_.html K12, fireflyk, Marchello and 7 others 10 Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 17, 2011 Report Share Posted June 17, 2011 Hi Hedgehog. Sorry to pick on you - I'm not trying to be cruel, honest ;)  With respect to that CADJPY trade. Did you just enter it this morning? If so, I'm interested to hear your thoughts on that level not being a fresh one (it touched yesterday) and how far price reacted when it last touched the zone because to me the demand zone has about a 1:1 relationship with its nearest supply zone. I'm not saying it's wrong - there's no such thing as 'wrong' just interested to hear your thoughts out loud. http://img16.imageshack.us/img16/1777/17062011cadjpy240min.jpg Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 17, 2011 Report Share Posted June 17, 2011 (edited) As a matter of interest, has anybody actually tried using the XLT Probability Enhancer Scoring System to actually filter trades? I'm aware of them, of course, but I can't pretend I'm methodical about applying the score result as a rule to enter. I'm very aware that I'm still quite discretionary about my trading. Now discretion isn't necessarily a bad thing but it doesn't help new traders who have little to build discretion upon...I'm particularly mentioning this now based on Sam's recent article "What Traders Can Learn From Women" . http://www.tradingacademy.com/lessons/20110614/featured_article.htm Edited June 17, 2011 by JimJamBonks Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 17, 2011 Report Share Posted June 17, 2011 GBPUSD 60min chart. Worthwhile keeping an eye on this. It's a fresh supply level which had a good, quick drop away after the rally-base-drop which was in line with the recent downward structure and the lower end of the zone is at the big '00' level. Also it's that bit higher on the curve than the immediate high (which could also prove profitable). Depending on how price actually approaches/enters the zone will hopefully determine whether it's worth a go. http://img580.imageshack.us/img580/7121/17062011gbpusd.jpg Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 17, 2011 Report Share Posted June 17, 2011 The USDCHF 240min short I mentioned in post #221 has finally met its first target for a 2:1 reward/risk profit. I've now moved the stop to guarantee me a 1:1 profit on the second half of the position and we'll see what happens if it ever gets to the bottom target. This was a nice example of just letting a trade run its course - let it win or let it lose. As it happens it came within about 5 pips of being stopped out twice. http://img339.imageshack.us/img339/9158/17062011usdchf240minsho.jpg Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 Hi Hedgehog. Sorry to pick on you - I'm not trying to be cruel, honest ;)  With respect to that CADJPY trade. Did you just enter it this morning? If so, I'm interested to hear your thoughts on that level not being a fresh one (it touched yesterday) and how far price reacted when it last touched the zone because to me the demand zone has about a 1:1 relationship with its nearest supply zone. I'm not saying it's wrong - there's no such thing as 'wrong' just interested to hear your thoughts out loud. http://img16.imageshack.us/img16/1777/17062011cadjpy240min.jpg Jim: On my charts, it didn't touch the level at all yesterday. Today's is the only time it touched that said level. Don't worry, everyone like to 'pick' on the hedgehog ;-) Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 17, 2011 Report Share Posted June 17, 2011 Aah right. That's pesky off-exchange, over-the-counter, non-regulated market maker pricing for you. ;) Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 Aah right. That's pesky off-exchange, over-the-counter, non-regulated market maker pricing for you. ;)Â I run several charts off several brokers (diversified :-)) and most of the time they are different but almost the same. The one you highlighted for yesterday's H4 was close to the level but didn't touch. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 17, 2011 Report Share Posted June 17, 2011 GBPUSD 60min chart. Worthwhile keeping an eye on this. It's a fresh supply level which had a good, quick drop away after the rally-base-drop which was in line with the recent downward structure and the lower end of the zone is at the big '00' level. Also it's that bit higher on the curve than the immediate high (which could also prove profitable). Depending on how price actually approaches/enters the zone will hopefully determine whether it's worth a go. http://img580.imageshack.us/img580/7121/17062011gbpusd.jpg Jim: This one is quite near higher time frame (H4 and D1) demand though. Am I right? Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 17, 2011 Report Share Posted June 17, 2011 It is, but bear in mind that larger timeframe demand zone has been has already seen a reaction and the nature of price is that it will bounce fractally between pockets of supply & demand as it charts its course up and down.. I'm not necessarily suggesting that price would make a huge move down from that zone and in fact recent price action congesting just below the yellow marked area has ruled it out of a trade for me on the 60min chart. But all that said I suspect there may still be sufficient supply in that area to afford a short off a lower time frame with our wholesale/retail mindset to the fore. hedgehog, sherlock1713006318 and KING_BUNDA 3 Quote Link to comment Share on other sites More sharing options...
priceless_knowledge Posted June 17, 2011 Report Share Posted June 17, 2011 thanks JimJamBonks as I cannot click thanks yet. Quote Link to comment Share on other sites More sharing options...
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