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Sam S3iden


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Thank you Johan445 very very much for your kind sharing.

 

I found this link is not working anymore. Could you or any other kind people here redo the link?

(in post #494

 

XL.TSM.2010.04.14.Lesso.n6.OpeningRangeBreakout.St rategy.Proper.Analysis.to.consider.ORB

 

http://www.mediafire.com/?62vnpvd23z6quc5

 

)

Many thanks.

Edited by sharkwhale987
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HI all,

 

I was reading another thread (http://indo-investasi.com/showthread.php/17690-Sam-Seiden-the-difference-between-Supply-and-Demand-levels-and-Pivot-Lows-Highs) and the below comment by shicuco sums up some of the important aspects of supply/demand. So, I thought to share it here:

 

Quote

I know it can be confusing sometimes. I've watched all his webinars and I also think there are some discrepancies here and there. Sam is usually a bit reluctant to be too specific about some of the key aspects of his strategy. With regards to your question, the answer is yes: there needs to be some basing for a level to be considered a good level. Don't get too hung up with the number of candles, though. Just try to grasp the logic behind it: if price could only trade for a few candles at a certain level, it means there were many orders sitting there to be filled and price finally rocketed when the remaining supply/demand was absorbed. So the difference between a supply/demand zone and a pivot high/low is just the small basing. Watch Planning out longer term Forex trades 29_09_11. A guy who is in the XLT course makes a comment about this. Pivots are usually pullbacks into a level, so don't get too excited about them. Whenever you see a pivot (a spike), look to the left to find out if there's some supply/demand sitting right above/below. If so, the spike was probably a bounce from that level, so the level is not fresh anymore and the spike is not really a supply/demand level. If the spike is not a pullback into a level, drill down to a lower timeframe to see if there is some supply/demand at that spike: it probably will.

 

Also watch Spot Forex vs. Forex Futures 25_11_11. There's some brief explanation about pivots around 29:50.

 

Remember to always look left to be right.

 

Hope this clarifies your doubts.

 

Unquote

 

 

Cheers

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XL.T.ST.2010.04.15.Lesso.n6.Trade.Plan.Development.Part1.

http://www.mediafire.com/?64xm4kp33cki4xi

 

XL.T.ST.2010.04.23.Lesso.n7.Scanning.For.Opportunities-Top.Down.Approach

http://www.mediafire.com/?d3ea6jn6er7b35x

 

XL.T.ST.2010.04.29.Lesso.n8.CandlestickPattern.Using.Patterns.to.Confirm.Suppl.y&Demand

http://www.mediafire.com/?il4f71my7kupkot

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