MOMO explained from a different perspective.
And why price retraces to the momo. (entry)
M.O.'s post momentum trading plan. hehehehe
http://transcripts.fxstreet.com/2009/03 ... forex.html
On his chart if you look for and find the down momo in this up move, you will see that they are right into demand area's. Stopped dead in their tracks.
All struggling traders please watch this!!!!!!
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Last edited by prochargedmopar on Sun Oct 25, 2009 1:55 am, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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Thank you for your support.
Thank you for your support.
You will also have to come to terms with the fact that you can ditch all of the fancy candlestick spinning doji-top mumbo-jumbo horse-dung
http://transcripts.fxstreet.com/2008/06 ... binar.html
http://transcripts.fxstreet.com/2008/06 ... binar.html
There's no business like [strike]show[/strike] covid19 business.
Thanks! Great find.
Here are the direct links.
I think I'll copy them over to the Learning Resources forum
Sam Seiden
Transcripts
Multiple Time Frame Analysis
Thu, Oct 1 2009
http://cdn.fxstreet.com/videos/7350da24 ... 80dcb2.flv
Low Risk Breakout Trading in Forex
Thu, Mar 12 2009
http://cdn.fxstreet.com/videos/251d4b59 ... 6fb687.flv
Professional Gaps vs Novice Gaps in the Forex Markets
Mon, Feb 16 2009
http://cdn.fxstreet.com/videos/1105764c ... 5d5814.flv
Rule Based Short Term Trading In Forex
Thu, Jan 15 2009
http://cdn.fxstreet.com/videos/ce8ef5c2 ... 119bf8.flv
Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets
Tue, Nov 25 2008
http://cdn.fxstreet.com/videos/911786f2 ... 6bcab2.flv
Conventional Chart Patterns and Forex
Wed, Oct 15 2008
http://cdn.fxstreet.com/videos/f0839c81 ... 2daa82.flv
Short term Forex Trading Strategies, Breakouts and Reversals
Thu, Jul 10 2008
http://cdn.fxstreet.com/videos/7ebf25f1 ... 8b4f32.flv
MONTHLY WEBINAR: Understanding The Creation Of Candles In Forex Trading
Thu, Jun 19 2008
http://cdn.fxstreet.com/videos/e12b859c ... 6d49db.flv
Capture reversal points with the use of indicators and oscillators
Wed, May 7 2008
http://cdn.fxstreet.com/videos/57c373f0 ... 425b41.flv
Forex Swing Trading, Low Risk / High Reward Trading In The Largest
Wed, Mar 26 2008
http://cdn.fxstreet.com/videos/37554f07 ... 5265b4.flv
Understanding The Exact Process Behind The Movement In Price
Wed, Mar 5 2008
http://cdn.fxstreet.com/videos/ce6ffc12 ... 771192.flv
Using CCI and Stochastics For Long and Short Term Forex Trading
Wed, Feb 6 2008
http://cdn.fxstreet.com/videos/0a491874 ... d02d90.flv
Multiple Low Risk Forex Entries With Support and Resistance
Wed, Jan 9 2008
http://cdn.fxstreet.com/videos/a1f7f74d ... 8682ff.flv
Supply and Demand Trading with Mechanical Indicators and Oscillators in the Forex Markets
Wed, Nov 28 2007
http://cdn.fxstreet.com/videos/8eddf5a3 ... 60925d.flv
Here are the direct links.
I think I'll copy them over to the Learning Resources forum
Sam Seiden
Transcripts
Multiple Time Frame Analysis
Thu, Oct 1 2009
http://cdn.fxstreet.com/videos/7350da24 ... 80dcb2.flv
Low Risk Breakout Trading in Forex
Thu, Mar 12 2009
http://cdn.fxstreet.com/videos/251d4b59 ... 6fb687.flv
Professional Gaps vs Novice Gaps in the Forex Markets
Mon, Feb 16 2009
http://cdn.fxstreet.com/videos/1105764c ... 5d5814.flv
Rule Based Short Term Trading In Forex
Thu, Jan 15 2009
http://cdn.fxstreet.com/videos/ce8ef5c2 ... 119bf8.flv
Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets
Tue, Nov 25 2008
http://cdn.fxstreet.com/videos/911786f2 ... 6bcab2.flv
Conventional Chart Patterns and Forex
Wed, Oct 15 2008
http://cdn.fxstreet.com/videos/f0839c81 ... 2daa82.flv
Short term Forex Trading Strategies, Breakouts and Reversals
Thu, Jul 10 2008
http://cdn.fxstreet.com/videos/7ebf25f1 ... 8b4f32.flv
MONTHLY WEBINAR: Understanding The Creation Of Candles In Forex Trading
Thu, Jun 19 2008
http://cdn.fxstreet.com/videos/e12b859c ... 6d49db.flv
Capture reversal points with the use of indicators and oscillators
Wed, May 7 2008
http://cdn.fxstreet.com/videos/57c373f0 ... 425b41.flv
Forex Swing Trading, Low Risk / High Reward Trading In The Largest
Wed, Mar 26 2008
http://cdn.fxstreet.com/videos/37554f07 ... 5265b4.flv
Understanding The Exact Process Behind The Movement In Price
Wed, Mar 5 2008
http://cdn.fxstreet.com/videos/ce6ffc12 ... 771192.flv
Using CCI and Stochastics For Long and Short Term Forex Trading
Wed, Feb 6 2008
http://cdn.fxstreet.com/videos/0a491874 ... d02d90.flv
Multiple Low Risk Forex Entries With Support and Resistance
Wed, Jan 9 2008
http://cdn.fxstreet.com/videos/a1f7f74d ... 8682ff.flv
Supply and Demand Trading with Mechanical Indicators and Oscillators in the Forex Markets
Wed, Nov 28 2007
http://cdn.fxstreet.com/videos/8eddf5a3 ... 60925d.flv
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Thank you for your support.
Thank you for your support.
I have to say that when I look back at things that made a difference in my trading career, ProCharge's introduction of these videos to me will probably be at the top of the list!
Two weeks after studying Sam's stuff, my account is up $260 (not bad considering I only had about $640 in my account two weeks ago).
As I watch the charts, I laugh out loud when I see those places I would have made trades in the past. Instead I wait patiently for the market to come back to a supply or demand entry point.
For me those videos have been the big "AH HA! Now I get it!"
One thing can be explained many ways. For me, the Sam Seiden explanations hit home, even though most of it I had heard before. But in the world of information overload, it's hard to filter out the good from the garbage.
In that second text file from Sam's web site Sam says: "If this information is as good as it sounds, why write about it? In my years of trading and
educating, I've learned that one can spoon feed the core concepts of trading to people and, yet, most will not be able to apply the simple concepts. Why? The power of human emotions that drive our decisions are too strong."
By the Way, as procharge pointed out in his trading thread, Sam Seiden has a website with 12 articles on it. Two are on this page:
http://www.samseiden.com/resources_1.html
You need to register to receive links from his other 10 articles.
Out of respect for Sam, I am not going to post his articles. So if anyone wants them, then they will need to register at his site.
Other Sam Seiden resources found here:
http://kreslik.com/forums/viewtopic.php?t=2182
Two weeks after studying Sam's stuff, my account is up $260 (not bad considering I only had about $640 in my account two weeks ago).
As I watch the charts, I laugh out loud when I see those places I would have made trades in the past. Instead I wait patiently for the market to come back to a supply or demand entry point.
For me those videos have been the big "AH HA! Now I get it!"
One thing can be explained many ways. For me, the Sam Seiden explanations hit home, even though most of it I had heard before. But in the world of information overload, it's hard to filter out the good from the garbage.
In that second text file from Sam's web site Sam says: "If this information is as good as it sounds, why write about it? In my years of trading and
educating, I've learned that one can spoon feed the core concepts of trading to people and, yet, most will not be able to apply the simple concepts. Why? The power of human emotions that drive our decisions are too strong."
By the Way, as procharge pointed out in his trading thread, Sam Seiden has a website with 12 articles on it. Two are on this page:
http://www.samseiden.com/resources_1.html
You need to register to receive links from his other 10 articles.
Out of respect for Sam, I am not going to post his articles. So if anyone wants them, then they will need to register at his site.
Other Sam Seiden resources found here:
http://kreslik.com/forums/viewtopic.php?t=2182
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.