Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

VTK

Sam Seiden-Understanding The Exact Process Behind The Movement In Price

Recommended Posts

I watched Sam Seiden's latest video on FxStreet "" Trading and Analysis". The guy was pretty much wrong in all the levels that he picked out. This shows how inaccurate his method can be. I guess it sometimes works and sometimes doesn't :rofl:

Share this post


Link to post
Share on other sites

The original article of the OP does not allow logged in users to view without a premium membership. Not sure if the video is available elsewhere.

 

Here is the unfortunate problem. I've become cynical and skeptical about subscribing to trading services and products. Now I have an emotional and psychological block that I just can't overcome. It's about trust. So even though I don't doubt the value of the product, I won't subscribe to it.

 

It is good that you are a skeptic. You never fully know if what someone says comes from the heart or is another story. But if you think that a product has merit, then sign up. The worst that can happen is that the product does not meet your expectations. Then you just lost a month. You have to take some risks in this business; that is unavoidable.

Share this post


Link to post
Share on other sites

Hi

 

Can someone explain what is meant by the demand/supply being high or low on the curve?

 

I understand this is also one of the odd enhancers but don't understand how it works.

 

A chart would be appreciated

 

Thanks

Share this post


Link to post
Share on other sites
Hi

 

Can someone explain what is meant by the demand/supply being high or low on the curve?

 

I understand this is also one of the odd enhancers but don't understand how it works.

 

A chart would be appreciated

 

Thanks

 

Hi Robinhd.

 

It means "where are you on the larger timeframe" Are you closer to a higher timeframe Supply or are you closer to Higher timeframe demand?

Share this post


Link to post
Share on other sites
Good stuff Spidey:)

It's almost same stuff as odd enhancers that we got in XLT.Theory is on spot,difference is just in how spreadsheet look like.It wouldn't feel right for me to post original one which i got from OTA because of other XLT colleagues.Those that you have attached are fine to use.

But with time you can throw this out of window.Low risk-high reward trades start to poke you in the eyes.

 

Hello VTK

Will you please (if possible) elaborate little more on big picture with the help of charts(small and big time frames) Thanks for sharing views very informative and almost coming from horses mouth as you attended his XLT class

Share this post


Link to post
Share on other sites
Here is a video that changed mine whole view on trading.It made a one trick pony out of me when it comes to trading:)

Sam is tha man when it comes to simplicity and reality of markets and i am lucky that i had chance to learn from him and other instructors.

Hope it will help some one as it have helped me!

 

Login

 

Regards!

 

Hello VTK

 

I understand that this is an old post. The link that you propose in not availble for non subscriber of Sam Seiden site

 

Would you still remember the subject of it so I can search it on youtube

 

Any info appreciated

 

Martin :)

Share this post


Link to post
Share on other sites
Well.let's be fair and realistic here.There is no method that works 100% of the time.But if we're being realistic we need to go much further and state that every single method being employed by the people on this forum has no intrinsic edge whatsoever..none (naturally i include myself in that category)

In trading the most effective method you can employ is to cheat and lie and steal.Unfortunately you need to have the right connections for this to be a viable long term career path.Anyone who tells you different is either deluded or lying.My theory on why so many fail at this is because they spend far too long believing that there are methods out there that have an intrinsic edge,hence the years of frustration and disappointment.

I know almost nothing about Sam's method beyond watching one video on youtube and reading the odd post here.

From what i have picked up it is the usual story.A guy who worked inside the industry has some secrets to tell us about how you might go about predicting the future.

I can't find the relative post and it wasn't from the horses' mouth,but i seem to remember something along the lines of "when the last sell orders came in.only then would price go up".Unless Sam's broker was the only one handling the entire order this leaves me a bit confused.

The other thing i picked up was something about "the more times a price level is tested,then the weaker it is"I think i've heard that theory elsewhere also. Well as the chart below shows that is just a lottery and so we need to quantify that a bit more and apply some other criterion,tick a few boxes to improve the odds,check a few different time frames.I'm sure there's a few more nuts and bolts you need to fit in order to make another guys' trading method work for you- and that right there is your biggest problem- it's someone else's method.

I'm also confused about how a market comes to a complete standstill during trading hours because of a 'price agreement'

But i have no agenda against Sam,well,no more than the next guru.And it's not my intention to disrupt the thread.

If Sam's methods gives you a few pointers to help develop your own game,that is all to the good.Don't expect too much more than that.Because for every guy that swears by Sam's method there's another bunch of guys that swear by another method and that alone should tell you something.And very few of any of these guys will be multi-millionaires- no matter how many 'students' the gurus claim to have successfully taught.

 

Hi Mitsubishi,

 

I thought i'd borrow your chart example and put some levels on there where you could have taken some nice trades.

People take the charts at face value, for that they look at the candles, for that they look at the orders that have already been filled, for that they take trades in the direction where price has already been filling orders, and what do most traders do? they put indicators on price candles that give an opposite view of what you should be looking for.

levels.thumb.jpg.571b231a786e584d24442048c518ca30.jpg

Share this post


Link to post
Share on other sites
Hi Mitsubishi,

 

I thought i'd borrow your chart example and put some levels on there where you could have taken some nice trades.

People take the charts at face value, for that they look at the candles, for that they look at the orders that have already been filled, for that they take trades in the direction where price has already been filling orders, and what do most traders do? they put indicators on price candles that give an opposite view of what you should be looking for.

mitzy has left the building. Sometime back. Guess he got tired of it all and flew the coop.

 

Are you sitting on the beach in cancun trading?

Share this post


Link to post
Share on other sites
mitzy has left the building. Sometime back. Guess he got tired of it all and flew the coop.

 

Are you sitting on the beach in cancun trading?

 

Hi Patuca,

 

I wish i did. Trading is going all good and all but ehhhhh the thing is in Mexico you'll be happy trading on a "so so OK internet connection" in your own home let alone trying to do this on the beach stealing internet from some hotel hotspot hahaha. 2014 and they still look at you if they see water burning when you ask for a connection which is a bit faster then 10megs :crap:

Share this post


Link to post
Share on other sites
Hi Patuca,

 

I wish i did. Trading is going all good and all but ehhhhh the thing is in Mexico you'll be happy trading on a "so so OK internet connection" in your own home let alone trying to do this on the beach stealing internet from some hotel hotspot hahaha. 2014 and they still look at you if they see water burning when you ask for a connection which is a bit faster then 10megs :crap:

I travel alot..mexico..guatemala..belize..honduras..el salvador...etc. I take an Ipad buy a local chip i.e. a cell tel chip which i put in the Ipad and add some time. Log onto internet with Ipad ..make Ipad a hotspot..crank up my laptop(since my trading platforms are on laptop) select the Ipad as my internet connection and presto i have internet for trading. Works good enough for me especially if near the larger cities or towns.

Share this post


Link to post
Share on other sites
Hi Patuca,

 

I wish i did. Trading is going all good and all but ehhhhh the thing is in Mexico you'll be happy trading on a "so so OK internet connection" in your own home let alone trying to do this on the beach stealing internet from some hotel hotspot hahaha. 2014 and they still look at you if they see water burning when you ask for a connection which is a bit faster then 10megs :crap:

 

Isn't one of S.S's adages set it and forget it? Lends itself to not having always on internet.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 10th April 2024. The Fed Is Willing To Lower Expectations To Only 1 Cut In 2024!     European defence stocks tumble and see the largest decline in 18 months as Goldman Sachs analyst warns the category is trading above its true value. US Treasuries Yields and the US Dollar Index remain unchanged as investors hold their breath ahead of today’s inflation release. Analysts expect US inflation to increase from 3.2% to 3.4%, but for Core inflation to decline to 3.7%. Federal Reserve President of the Atlanta bank, Mr Bostic, advises he is willing to adjust the outlook to only 1 rate cut in 2024. Keep reading to find out why and what the requirements will be. GER40– Defence Stocks Overvalued According to Goldman Sachs The DAX as well as general European Indices came under pressure from comments from a market respected analyst. According to the Goldman Sachs Analyst, Victor Allard, shares in European defensive stocks were trading above their true value and have little potential for further gains. As a result, stocks such as Rheinmetall AG, BAE Systems and Saab AB witnessed sharp declines. Saab AB stocks fell almost 10% within a single session. However, the sentiment towards European stocks were dampened as a result of this. The main reason for Mr Allard’s view is the stock ratios do not back the growth. A good example of this is the price to earnings which is extremely high. Furthermore, Allard pointed out that defence stocks trade now at nearly 20 times forward earnings. When monitoring the top 7 stocks which hold the highest weight within the index, the market can see a clear sign of profit taking. Five of these stocks have risen more than 10% in 2024 so far, which is higher than traditional gains, but over the past five days a large portion of that has been lost. The only stock which has seen strong gains and has maintained its momentum is Mercedes Benz which has risen almost 22% in 2024 so far. The most important stocks for the index during this earnings data will remain SAP SE, Siemens AG and Allianz.   The price of the index will now largely depend on tomorrow’s European Central Bank press conference and statement. Investors are keen to see when the ECB and Federal Reserve are likely to cut interest rates. If the regulator takes a more dovish approach, the economy is likely to witness much needed stimulation and investor sentiment towards the region is likely to rise. In addition to this, the Euro can potentially make indices cheaper to buy. As a result, this can support the DAX as well as other European indices. In the meanwhile, this afternoon’s US inflation data will be the key price driver for all assets. USA100 – Price Performance Dependent on Fed Rate Adjustments and Today’s CPI! The performance of the USA100 will primarily be dependent on this afternoon’s inflation data. However, technical analysts have been keen to point out that the US stocks have been unwilling to form strong longer-term declines. Nonetheless, higher inflation potentially can trigger a lower risk appetite and lower demand for equities. Particularly investors will be looking to see if inflation reads higher than the 0.3% expectations, including the Core CPI. Later within the evening, investors will also be closely monitoring the FOMC Meeting Minutes for clues as to where the committee stand on possible interest rate cuts. This week Mr Bostic has already advised he would be willing to lower expectations for future cuts if inflation does not allow the Fed to act. According to Mr Bostic, he could consider lowering possible future adjustments from 3 cuts to only 1 for 2024. However, Mr Bostic said this was only possible if inflation stabilized above the target and the employment sector remains resilient. So far, jobs growth remains and it’s all dependent on inflation.   Technical analysis for the USA100 is signalling neither a sell or buy. The price is trading slightly higher than the 75-Bar EMA and at the 55.00 mark on the RSI. However, the price is forming a horizontal price range this morning. Therefore, for a buy signal to be confirmed, the price will need to form a bullish breakout and ideally inflation will not beat expectations. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • $AAL American Airlines stock back to 14.02 triple+ support area, high trade quality, https://stockconsultant.com/?AAL
    • Because of his convictions, Armstrong is a paradox:   He welcomes regulation, but is battling the SEC to prevent innovation-stifling overreach.   He runs a centralized exchange, but promotes the very decentralized technology that will put him out of business.   He is a strong advocate for individual privacy and self-custody of digital assets that give users full control of their private keys, and yet Coinbase offers non-custodial wallet services (that give users ZERO control of keys) which must comply with strict know-your-customer (KYC) laws that require a great amount of private information.   The common thread, if I’m reading it correct:   Armstrong is idealistic in his long-term vision but pragmatic in his short-term execution.   He's willing to make certain compromises and work within existing constraints in order to make incremental progress toward a more decentralized and privacy-preserving financial system.   This ability to navigate between two seemingly opposing forces - centralization vs. decentralization, privacy vs. transparency, innovation vs. regulation - is likely a key reason he's been able to build Coinbase into the crypto industry leader it is today.   Like the Netscape founders in the 90s, Armstrong is a technology pioneer on a mission to bring a powerful new tool to the masses.   It will be interesting to watch his strategy play out as both Coinbase and the broader crypto ecosystem continue to evolve. Author: Chris C. Source: AltucherConfidential Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • Yes you read that right.   The Japanese police have been doing literally nothing these days.   The reason behind this is the ever decreasing crime rate in Japan.   Let me tell you some facts here:   The crime rate in Japan has decreased to negligible amount in last 13 years.   On an average, there is less than 1% chance of crime for every 100,000 people in Japan. There was only one incident of murder last year in Japan. Yes just one!   The most important element of police power, though, is not authority to search, but authority in the community. Like school teachers, Japanese policemen rate high in public esteem, especially in the countryside.   The police in Japan are trained in calligraphy and Haiku composition.   Police in Japan do carry a gun but they rarely use it. Instead they use their black belts in judo or police sticks. In an average year, the entire Tokyo police force only fires six shots.   15,000 koban "police boxes" are located throughout the cities.   Police koban box officers spend time teaching neighborhood youth judo or calligraphy.   The officers even hand- write their own newspapers, with information about crime and accidents, "stories about good deeds by children, and opinions of residents."   Tokyo is the safest city in the entire world. From: Vishal Bhatia, Quora Source: https://www.quora.com/What-do-you-know-that-most-people-don%E2%80%99t  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • $RIVN Rivian stock, not the strongest day, but attempting to move higher off 10.4 lower support area, https://stockconsultant.com/?RIVN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.