Sam S3iden

[alright]

I found something call Probability enhancer in a forum call Ampzone.

 

http://www.ampzone.org/video-tutorials-courses-webinars/50-sam-seiden-supply-demand-zones-3.html

 

These are open office file. I have converted 2 files into pdf. I believe this is originally from XLT as I can see the scoring method in XLT video.

 

http://www.mediafire.com/?2gvu227zcf5jm1v

The enhancers were shared already before, but thanks very much for pointing us to that forum. There are some gems in there like this one that I just uploaded to mediafire.

http://www.mediafire.com/file/l1m2h8qhcarjs9v/OTA%20ARTICLES.xls

It's an Excel file with links to 188 articles written by Sam Seiden! And also many others from people at the OTA. A lifetime won't be enough to digest all this stuff...:D

[alright]

Bloody hell, 34 downloads and only one thank you?. Same old story on this forum. Not that I really care, just to prove a point which has been discussed in other threads...

[chankl78]

Bloody hell, 34 downloads and only one thank you?. Same old story on this forum. Not that I really care, just to prove a point which has been discussed in other threads...

 

Wahaahahah... Reality is harsh... Sometimes i also really wonder, y a "thanks" icon so difficult to press?

 

Smile

Chankl78

[juicyt]

Although I hate going off the thread topic, I must admit I only recently started using the "thanks" button but for no particular reason. I guess I was just a little lazy prior and decided I should start using it. Is there anything gained by using it other than credability or recognition in the forum?

[shunshi88]

This is a site with some notes about XLT. There is a good note about odd enhancer. Try to search in this site for any download as it mentioned recording completed.

 

Hope this help although it is more related to Stock.

 

http://www.bobsgear.com/display/stocks/XLT+-+High+Speed+Momentum+Intraday+Trading+-+2009+June+and+July

[chankl78]

Although I hate going off the thread topic, I must admit I only recently started using the "thanks" button but for no particular reason. I guess I was just a little lazy prior and decided I should start using it. Is there anything gained by using it other than credability or recognition in the forum?

 

No.. it is nothing to do with credibility or recognition in forum.. It is just want people to appreciate what we r doing and this Thanks icon or button can encourage that person if not lots of people to do wonder & more helpful in this forum..

 

It is the same when we thanks people or friends on the street .. We do feel good & will definitely to contribute & help more.

 

Smile

Chankl78

[alright]

On that bosgear.com site, which has been mentioned several times now, there is so much really good stuff. I wanted to point out it has an option to save the content to a pdf or a doc by clicking the Tools menu on the right hand, as you see in the pic. By the way, since you're there you might want to take a look at that page I got the shot from, which is

http://www.bobsgear.com/display/stocks/45+Ways+To+Lose+Money+While+Trading+Forex

;);)

 

http://img832.imageshack.us/img832/9842/pdfoption.png

[jbozman]

Off topic, just a bit. I've thanked contributors in a reply. I've never used the thanks button.

 

When I post, which isn't too often because I'm still learning, I don't have the expectation or desire to see how many thanks I'll get. That's nuts to rely upon others to feel good about what I've done.

 

Do we want to feel appreciated? You bet. But instead of focusing on 34 downloads and only X times I've been thanked, I see that as focusing on the glass half empty. On what's wrong. You're going in it with an expectation. And getting hurt or angry because all 34 people didn't thank you.

When I post something, which isn't often because I'm learning, I do it NOT as a means of wanting others to thank me, but as doing it with the intention of simply wanting to help others. I need no thanks, as it's freely given. NOTE: Freely given.

 

Wanting something in return isn't based upon freely giving it away. It's based upon a desire to get something back. And as they say, all expectations lead to suffering.

 

People are thankful for a forum like this and for all the contributions. Are there hit and run "leechers?" You bet. But that's the nature of being human. There are ALWAYS takers.

 

But why focus on those people? Focus on the one out of a hundred that is appreciative of what you've done, and you'll be happy. Otherwise, you'll make yourself miserable and upset because of expectations.

 

That glass is always full. If you want to see it as half empty, that's up to you.

 

Just my two cents....

[alright]

@ jbozman

 

Hi. Although I appreciate yout input, I see that maybe I didn't express my thought clearly. I've never been fishing for thanks or compliments and I think what I've shared so far in this forum can prove it, although it's not even a tiny bit of what some great sharers have done. The thing is that, for some reason, I still feel surprised at why many people keep not using that button, while I do.

The Thanks button in my opinion is to avoid repeated posts which would say the same thing, so not to clutter the threads endlessly. That's all.

Anyway mine was just a little rant with no real meaning. Sorry for that. Enough said about that and let's just carry on posting about the main subject. :)

[saamy]

some Q&A

 

By Sam Seiden, Online Trading Academy Vice President of Education and Product Development

Recently, I have received many questions about an article from a couple weeks ago entitled, "The Two Most Important Parts of a Trade Setup." The article seemed to have peaked interest in a very simple approach to trading which I employ for my own trading. Below are some of those questions and the answers to help you use the strategy rules.

 

Hello Sam,

 

I was in your class before; I would like to say thank you for writing the excellent articles. I have been reading a lot of your articles. However, this is the one I like best and will apply this method for my trading next week... "The Two Most Important Parts of a Trade Setup." But I am still confused about which time frame to use for this method? I trade part time intraday. I am looking to swing trade.

 

Thanks – Jacqueline

 

Seiden Answer -

 

Thanks for the kind words on the articles; I hope the articles are helpful. As that article pointed out, the two important components of the trade are a quality supply or demand zone and a significant profit margin. When day trading, it's a good idea to use a combination of a larger time frame chart, like an hourly or daily, and a smaller time frame chart such as a five minute chart. You want to use the larger time frame to identify where price is on the larger time frame supply/demand curve as this will tell you whether you should be looking for buy setups or sell setups on the smaller time frame. For example, if price is at or near larger time frame supply, you want to go down to the 5 minute chart and find quality supply levels with significant profit margins to short against. You would only know this if you first looked at that larger time frame like I am suggesting. For swing trading, looking at daily and weekly charts should be fine.

 

Hi Sam,

 

I have seen a lot of your webinars on fxstreet.com and I would like to ask you a question because I couldn't find an answer yet. When looking at supply and demand zones, we know that price is potentially revisiting the previous supply or demand area. What you say is that one should take the trade when price revisits the area for the first time. What I was wondering is... What happens with those levels after price has revisited it for the first time? Should we keep an eye on those levels for a potential new trade or do we have to deny the levels once price visited it for the first time?

 

Thanks in advance - Eliza

 

Seiden Answer -

 

Very good question. When I was on the floor of the Chicago Mercantile Exchange facilitating institutional order flow, the answer to your question was very clear. Let's say I was on the trade desk and had a large stack of buy orders (demand) in the S&P at a price of 1245 and the market was opening at 1260. Sure enough at some point, the market would come down to 1245 and some of my orders would get filled, depending on how much supply (sellers) there was when price reached 1245. The first time price would reach that large stack of buy orders at 1245, it would bounce higher. With each succesive decline in price to 1245, what is happening to that stack of buy orders? Is it increasing or decreasing? Is the demand getting stronger or weaker? If you answered decreasing and weaker, you are correct. Each time 1245 traded, more of those buy orders were being filled meaning demand was weakening. Layers of the "floor" (demand) were being removed so to speak. Once all the buy orders at 1245 were filled, price would then quickly fall to the next level of demand.

 

Hi Sam,

 

I have been enjoying your webinars very much and just have a question for you. When you enter trades based on daily/monthly charts at demand/supply levels, what percentage of these are winning trades? I am guessing they would be much higher than smaller time frames as there is less 'chop.'

 

Thanks and regards – Michael

 

Seiden Answer -

 

Typically, most people have a higher winning percentage in the larger time frames, you are correct. This is because you are only looking at daily/weekly/monthly charts and the levels are very clear. Also, larger time frame levels trump smaller time frame levels so when you find a nice demand level on the larger time frame with a significant profit margin, what is happening on the smaller time frames is not a big deal. The other way around is a different story, however. If a day trader finds a quality demand level on a five minute chart, for example, and supply looks to be much higher, that is not enough information. You still need to check the larger time frame to see where this smaller time frame setup is on the larger time frame supply and demand curve. For example, if that five minute buy setup is near larger time frame demand, that trade will typically work out very well. If, however, that smaller time frame buy setup is at or near larger time frame supply, that trade has very low odds of working. Day trading is fine and can be very profitable, you just have that extra step of looking at larger time frames so you're not blindsided.

 

Hi Sam,

 

I am a student of Online Trading Academy and took the Forex Trader course 2 years back. I have been reading your articles about Supply and Demand and how floor traders see the market. However, I have a few questions which I hope you can clarify.

 

Strong/Weak Support/Resistance

How do you know when to take a reverse trend trade using the supply and demand concept? I mean how do you determine whether a particular support or demand is strong enough so that price does not simply punch through the level? This is the most difficult part for me if I want to trade using naked price action.

 

Seiden Answer – This is based on the larger time frame "fresh" demand or supply level. Trends always end and begin at "fresh" larger time frame demand and supply levels so this is when and where we stop trading with the trend and trade against it as we are expecting it to reverse and change direction. Our anticipatory analysis allows us to then enter the new trend well before it gets under way which gives us a big edge. The key is identifying a "fresh" supply and demand level in the larger time frame. Before you attempt to do this, make sure your definition of a quality supply/demand level is proper.

 

How many touches on a daily chart and a 4 hour chart of support or resistance will you consider before not taking a trade when the market comes back to test the support and resistance lines again. I have heard some traders using a 3 taps concept and anything more than 3 tests, they will not take a retracement trade no matter how good the trend is? What is your take on this?

Seiden Answer -

 

What we do in the Extended Learning Track (XLT) program is a bit more objective and logical than the textbook way of doing it which is "touch count." Try to focus on how deep price is moving into a supply/demand level each time it returns to that level. If price just touches the level the first time it returns and moves away in strong fashion, that suggests there is a big supply/demand imbalance at that level. Therefore, we would be comfortable taking a trade again at that level. If this happens the second and third time and so on, we would still take trades at that level. However, as soon as price trades 25% or more into that level, I would not suggest taking another trade at that level as this suggests the supply/demand imbalance at that level is not strong enough anymore to offer us a high probability trading opportunity.

 

Do you do counter trend trades?

Seiden Answer -

 

Only when that trend is reaching a larger time frame supply or demand level which means that trend is about to end and a new one is about to begin, as mentioned above.

 

Do you use Fibonacci retracement levels and pivot points in your analysis of supply and demand?

Seiden Answer -

 

No, I don't. Fib levels and pivot points don't often line up with a real supply and demand level. Fib lines, for example, are created with a mathematical calculation that does not take into account willing supply or demand so there is a huge flaw with this line of thinking. Also, if you use Fibs, you have a choice of a number of retracement lines to choose from. The one that will work with consistency is the one that lines up with real demand or supply. So, after taking the Fib line that lines up with real demand or supply for a while, you will eventually ask yourself, "Why do I need the Fib line when I am always taking the one that lines up with real demand or supply?"

 

Do you use Candlestick patterns in your trade analysis?

Seiden Answer -

 

Not conventional patterns. If we agree that price always stops falling and turns higher at price levels where willing demand exceeds willing supply and vise versa, don't we only want to focus on the picture that represents that fact? Also, conventional chart patterns almost always have you buying high and selling low; that's how they are setup. Think about the most popular ones like the Head and Shoulders and Double Top patterns. Neither of these patterns have you selling high, near supply. Both have you waiting for a significant decline in price before selling which makes absolutely no sense and these are some of the most popular patterns in all the books; crazy if you ask me.

 

I tried to be as detailed as I could in the answers to ensure a solid understanding of these concepts. The key answer to almost all the trading questions I ever receive is always answered by considering the reality of how you profit buying and selling anything in any marketplace. So the next time you are puzzled and looking for an answer, dig into your bag of "logic" and you will likely find the simple answer. If that doesn't work, send me an email and I will be happy to help.

 

Hope that was helpful, have a great day.

 

- Sam Seiden [email protected]

[alright]

some Q&A

.....

Thanks very much, saamy. A few picks which clarify very well some doubts we happen to find on the way to trade this strategy proficiently.

For those who might be wondering where the mentioned article is, this is the link

http://www.tradingacademy.com/lessons/20110524/featured_article.htm

[hedgehog]

Appreciate it if someone could explain how to read the small icon in the bottom left corner of the chart, a triangle with perpendicular coloured bar at its' side.

 

I think nobody answered this so I will attempt to.

 

The arrow shows up or down - meaning from supply or demand level. So if the arrow is pointing up, it shows that the ideal trade would be long for that time-frame, for which price has either just touch a demand/supply level or has left if (meaning, you missed the entry, but there are more to come so don't worry :-) )

 

And the prices above and below the arrow are where the demand/supply is (Entry, ideally) and where it should head (TP, ideally), which is is the supply area if you are long(demand) and vice versa.

 

The side bar in red/white shows how far price has left demand/supply (Entry) area and how much more it has to go to the supply/demand level (TP).

 

Hope that helps.

[whakamaru]

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.

[Giff]

Anyone having XLT course or some videos ?

 

may i refer to someone?

[chankl78]

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.

 

Read the 1st 3 to 4 posts from below.

http://needynotshy.com/vbforum/showthread.php?t=15

 

I am using H1 only....

Smile

Chankl78

[chankl78]

may i refer to someone?

 

Why not?

 

Smile

Chankl78

[hedgehog]

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

[alright]

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

4 hours and a half recording... I'm still on my way with the other webinars from fxstreet trying to follow a temporal sequence, but I'll follow your suggestion now, hoping this will shorten my learning curve. ;)

 

EDIT : Sorry, my mistake. The webinar is only 46 min long. I don't know what I was looking at when I said 4 hours and a half... LOL

Edited June 14, 2011 by alright

[hedgehog]

4 hours and a half recording... I'm still on my way with the other webinars from fxstreet trying to follow a temporal sequence, but I'll follow your suggestion now, hoping this will shorten my learning curve. ;)

 

alright, I certainly hope it does. I've seen all of Seiden's webinars since last year and was looking for a way to have levels drawn automatically and that's when I stumbled into this gold mine :-)

 

I believe his method is simple. Keep it so. If you think otherwise and think it's too easy, then it may not work for you. Go meditate and then look at the charts and trade. Let the charts talk to you....... You don't need all that lines and indicators to make money. Use this and have good money management and you're with the winning 5%. Honestly.

[teodosy87]

something for you!

 

http://www.youtube.com/user/pnewton69#p/a/A778C5DD14742670/1/iXnhCCbZxNA

http://www.youtube.com/user/pnewton69#p/a/A778C5DD14742670/1/iXnhCCbZxNA

[hedgehog]

I noticed none of the two indicators (supdem) and (il Supdem) refreshes. I think someone mentioned it here somewhere as well. And supdem.ex4 is protected and I can't edit it. Anyone here can make them refresh? At the moment I find supdem.ex4 indicator cleaner and slightly better. Anyone can help and give me some feedback?

 

Thank you.

 

p.s. To avoid people looking and asking for the indicators, please get them here:

 

http://www.multiupload.com/MK5EETELU1

Edited June 14, 2011 by hedgehog

[peterpiak]

I noticed none of the two indicators (supdem) and (il Supdem) refreshes. I think someone mentioned it here somewhere as well. And supdem.ex4 is protected and I can't edit it. Anyone here can make them refresh? At the moment I find supdem.ex4 indicator cleaner and slightly better. Anyone can help and give me some feedback?

 

Thank you.

 

p.s. To avoid people looking and asking for the indicators, please get them here:

 

http://www.multiupload.com/MK5EETELU1

 

Thanks so much for your indicator, it will help us to work easier.

[whakamaru]

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.

[whakamaru]

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

[hedgehog]

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

 

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.