Supply And Demand


foreigner

Est. 12480 Hours and Counting
BigLots said:
I don't know what your problem is buddy, but an "it's all good" mentality is better than being combative without nothing to back up nor contribute positively. Piper gave chart examples and it clearly illustrates my point of the zones, let alone what ICT has shown us. Why are you not contributing rather than mini trolling? I thought this place was a little different...seems it's the same - a microcosm of the real (trading) world - anal paraly-cysts abounding. Perhaps you would feel at home in Darkstar's wild west chat...I shudder when I recall the types there.....all theory, no money. But plenty of talk. Whatever, to each his/her own. Hence 95%'ers I guess.
I think I made myself clear, now your FX street neighbors are trying to straw man me with absolutely no argument.

I put forward my case if you cant get your head round it then I suggest you try to expand your mind a bit, try meditation.

shopster said:
cause he ain't got dick.

s
Ye think?! I guess you dont have to think much if youre a straight talker right? what a crusader you are! no, no really..
 

Tansen

Well-Known Member
Calm Essay.



Proof is in pudding. I read through and some posts have possibly been deleted but you guys keep the line between competitive and saying it doesn't work for the sake of igniting the fire. I'm overlooking the possible flame war but counter with why you think x will happen counter to what the regular result would be. In other words, do the opposite of what their doing if you think its wrong then show them you traded against them. You made money and made a point.

And Remember Always Be Yourself... Unless you can be Jedi Betty White, Always be Jedi Betty White.

 

jack

Administrator
Staff member
Just taking a moment to remind people of rule number 1:
Treat your fellow posters with respect. No flaming, no fighting, no name calling. If you have a disagreement, act like an adult and talk it out or just ignore it.
http://fxgears.com/forum/index.php/topic,357.0.html

There are many hostile forums on the net, I'd like it if FXGears keeps from becoming one of them.
 
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Piper

Guest
Jack said:
Just taking a moment to remind people of rule number 1:
http://fxgears.com/forum/index.php/topic,357.0.html

There are many hostile forums on the net, I'd like it if FXGears keeps from becoming one of them.
Totally agree.. Keep it nice and friendly..

foreigner said:
..Pissing contests now theres a blast from the past lol
..
But even the guy knows that he has issues :D

I've opened this thread to try and give some value,if crickets decide to try and clutter it with nothing to back it up except chirping and bad intentions,i have no problem to hammer them into the ground with Facts.

Cheers
-P
 
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Piper

Guest
foreigner said:
..
ICTs turtle soup proves this point.
...
1st ICT Turtlesoup is Linda Raschke's tourtlesoup.
2nd Its a pattern where price is turning above a after a previous turn. If the price turned on a certain heigh/low because a move before,it doesn't mean that there aren't left a sh*tload of orders above/below that level that will trigger and drop price down/up.Hence there sometimes "stairstep" s/d areas
3rd your whole reasoning/understanding is faulty.

foreigner said:
I see supply and demand as a historic function.
1st ICT orderblock is Sam Seidens s/d(1st one takes it all)
2nd You got s/r lines on your chart because when you were still in diapers the price turned, because there was a liquidity pocket for some reason.What does have to do with the present liquidity pocket's?(s/r's function greatly to clutter a chart, that's the only usefulness in them in my opinion) The fresh s/rs that haven't been touched will turn/drop price. the retouched/sliced ones will probably not,since no liquidity left.And an s/r by ICT and every tradebook is only confirmed if it's been touched twice at least. Hence the whole s/r line concept is crap.It represents history that's got nothing to do with the present,depleted liquidity pocket's that retail like to stack up and lose their money. Unlike a fresh s/d. Check ur charts s/r's only worked at the times when you had a fresh so called "ICT Orderblock" near that area (s/d).

Don't forget that i'm deeply familiar with ICT's methods too. Reconsider everything that anybody saying to you,ask at least if it's even making sense. Don't be a blind drone. ;)
I seriously would suggest that you'll go and learn some market fundamentals,and grab some understanding of price. And try to understand the tools you using,if they even make any sense. After you'll finish come back and preach us about your freshly aquired wisdom.

And if you want a pissing contest i'm ready anytime,anywhere,any asset for a period of week,if you promise to stfu after you'll loose, via myfx monitored demo/real account,let the results speak :p
I'll even let you win if you promise that :thumbsup:

(no disrespect meant to Michael,even he states that he didn't invented the wheel,unlike you.learn from a humble successful trader)


-P
 

sqa

Village Scribe
ICT went on a long rabbit trail about Sam Seiden's Supply & Demand one time. While the ideas are similar on an un-tested level, Seiden doesn't carry his through the Chart, missing a lot of an Order Block's utility, especially on the Higher Time Frames. Though they are similar for Day Trade setups.

Edit: Also, are you seriously arguing that S&R study is worthless? I think you just shot whatever argument you had going forward in the foot.
 
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Piper

Guest
sqa said:
ICT went on a long rabbit trail about Sam Seiden's Supply & Demand one time. While the ideas are similar on an un-tested level, Seiden doesn't carry his through the Chart, missing a lot of an Order Block's utility, especially on the Higher Time Frames. Though they are similar for Day Trade setups.
Actually i watched one of his morning briefings . He very much emphasized that you should trade s/d only towards the htf s/d (momentum's) direction.If you discard a tool without being to able to utilize and understand it fully,and prove the underlying reasons of that tool faulty,then you(not talking about you just in general) have no clue what you're talking about. BTW I can dig up the vid if you are interested. Or just go to the no brainers system page and watch the playlist there to grasp the concept.
 
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Piper

Guest
sqa said:
Also, are you seriously arguing that S&R study is worthless? I think you just shot whatever argument you had going forward in the foot.
Piper said:
You got s/r lines on your chart because when you were still in diapers the price turned there because there was a liquidity pocket for some reason.What does have to do with the present liquidity pocket's(s/r's function greatly to clutter a chart thats the only usefulness in them)?? The fresh s/rs that haven't been touched will turn/drop price. the retouched/sliced ones will probably not,since no liquidity left.And an s/r by ICT and every tradebook is only confirmed if it's been touched twice at least. Hence the whole s/r line concept is crap.It represents history that's got nothing to do with the present, depleted liquidity pocket's that retail like to stack up and lose their money. unlike a fresh s/d. Check ur charts s/r's only worked at the times when you had a fresh so called "ICT Orderblock" near that area (s/d).
Yup(except fresh ones that only touched once/twice,but then its liquidity pocket(s/d) not s/r). Now i don't say that the two can't confluence occasionally,so s/r will work. But i'm stating that s/r is not the reason(but since your whole chart is cluttered with them,so there is a low/ok probability that it will be near a pocket here and then). Give a logical explanation why am i wrong by technical or fundamental understanding. You can think whatever you like, as long as you can explain it, and it works.
"If it worx it must be true.." -Mark Douglas
 

sqa

Village Scribe
I really shouldn't bother, as you've simply made up your mind, but one of the few ways I can explain off the top of my head. (Without getting into a long discussion about "Natural Systems" and related functional equilibriums that are created.)

You're assuming a static view of the market & participants. Posted Orders aren't the only likely or available Orders. Various levels bring in new participants and tell ones currently involved to leave. Any trading system with a constantly shifting set of participants will create functional valuations for the underlying product. In the case of Spot Forex, that's contracts for currency.

Where those levels will end up residing is the result of all of the actions of the people within the market (in Spot Forex, a market *controlled* by the various Central Banks), but the levels are real. However, the further back those levels are, the less likely there is an Order Book sitting with a deep order set. Thus the short-term levels blend until they become a "historic" level, which has significance for the large Banks which actually reprice the Currencies.

Left without Bank or Central Bank sponsorship, currency pairs would actually only move insanely slowly & be dictated by the direct interaction between the two pairs. What we actually trade in Spot Forex is the larger Banks moving the currency to a valuation where they will be able to produce more currency exchange for themselves. This is why they move huge amounts in very rapid time frames. And where they move those levels to is what creates the Key S&R levels.

Or I could just post my USD-JPY chart. I have two levels I call the "Monster Blocks". The levels could literally have been on your chart since 1995 and still been useful. As in the pair bounced off one of the levels this morning.
 
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Piper

Guest
sqa said:
..I think you just shot whatever argument you had going forward in the foot..
BTW in this dialog you are in for the sake of something,that the retail crowd uses in 95% of the cases,and they are loosing 95% of the time(that should rise a thought). Will answer to your post in a few after the markets will go quit. GL in the meantime.
 

rod178

Well-Known Member
Has anyone actually done the XLT Forex Training Course?

Whilst I have no significant issue with Sam Seiden's Suppy and Demand concepts, I do have an issue with the XLT courses, especially the presentation quality and the fact that they seem to have created a product out of a 'one page' concept, with a few other Technical Analysis tools thrown is to bulk it up. eg Bollinger Bands and CCI. Suppose the extra 'fruit' helps convince the ignorant to cough up some dollars for the 'expert' mentors.

Additionally, the knowledge of Seiden's fellow presenters leaves a lot to be desired. As an example according to one, Steve Misic "Forex Markets 101 - Identifying High Probability Turning Points", the RBA initials stand for the "Royal Bank of Australia". They would be better off employing someone with some decent video production skills.
 
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Piper

Guest
rod178 said:
Has anyone actually done the XLT Forex Training Course?

Whilst I have no significant issue with Sam Seiden's Suppy and Demand concepts, I do have an issue with the XLT courses, especially the presentation quality and the fact that they seem to have created a product out of a 'one page' concept, with a few other Technical Analysis tools thrown is to bulk it up. eg Bollinger Bands and CCI. Suppose the extra 'fruit' helps convince the ignorant to cough up some dollars for the 'expert' mentors.

Additionally, the knowledge of Seiden's fellow presenters leaves a lot to be desired. As an example according to one, Steve Misic "Forex Markets 101 - Identifying High Probability Turning Points", the RBA initials stand for the "Royal Bank of Australia". They would be better off employing someone with some decent video production skills.
Never saw one of those,might will,maybe they have some clues that i'm not seeing on s/d




for now down and up 8)

The cheese and the fiber is kinda well behaving too. Maybe i'm just consistently lucky and these levels work by chance.. ??? Tough sloppy entry :/
 

Attachments

fred9455

Well-Known Member
Piper said:
Never saw one of those,might will,maybe they have some clues that i'm not seeing on s/d
I first learned about s/d in the price is everything pdf. It's a collection of charts and comments from a thread on another forum. Members in the thread would post charts before and after the trade so you could follow exactly what they were looking at and why.
 
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Piper

Guest
fred9455 said:
I first learned about s/d in the price is everything pdf. It's a collection of charts and comments from a thread on another forum. Members in the thread would post charts before and after the trade so you could follow exactly what they were looking at and why.
:thumbsup:

Could you upload the file? it might be a valuable resource for the guys who are here to learn something,and not just to troll around.
 
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Piper

Guest
Thank you for your valuable contribution! :thumbsup: Time to get my reading glasses
Wow 400 pages.. this might take a while :)

Cheers,
-P
 

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