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Thread: Supply/Demand indicator based on Sam Seiden's Rules

  1. #41
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    There is a pivot low below your zone....
    Above that low is another pivot high..
    I shall be lurking there to take some pips....

  2. #42
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    But lets get real guys, at least for the sake of Friday's thread, we do know how to draw our own SupDem lines hey?
    or otherwise WTF?
    PM me Friday...

  3. #43
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    @Paul: not sure what you mean. We decided to create this thread with Friday together, as we wanted to introduce mathematical/programable rules to build Supply/Demand zones. We believe that till now there is no such tool for MT4 that can do it properly. II_SupDem indicator is best what is available, but unfortunatelly it does not draw the levels properly.

  4. #44
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    I am at your service.....

    Bottom of zone is bottom of wick to top of body...(of the lowest candle)

    Top of zone is top of wick to bottom of body... (of highest candle)

    Compromised and cannot see it? Drop a time frame...

  5. #45
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    @Paul: thanks, yes, true, it's how Sam Seiden draws it and how II_SupDem draws it.
    However the difficulty with identifing the zones is not here I think, it's which one to choose.
    II_SupDem uses simple zigzag and marks each zone on the zigzag top/bottom point (with the rules you described above). It's for drop-base-rally and rally-base-drop scenarios.
    But we need also to define the math rules for the drop-base-drop and rally-base-rally scenarios, ... like on my screenshot i put couple of posts ago.
    randycha likes this.

  6. #46
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    Oho, how do WE know?
    We come back to the basics of price action trading, THE MEASURED MOVE...(Hourly, daily, weekly............ monthly)
    and which MM within the MM are we? ie which trend?
    Now however comforting the answer may be, SOMETIMES I cannot IMMEDIATELY take profit from it so...
    back to M5
    Strategy 2....

    PRICE RACE AWAY DOWN THERE/UP THERE
    HICCUP AND A KIND OF CONSOLIDATION HALF WAY DOWN THERE/UP THERE....
    Kind of magically draw a BASED ON THE ABOVE SUPDEM Zone there.......
    Later price creeps UP/DOWN here and then there and EVEN TOUCHES my SUPDEM...BAM I SELL/BUY THE LOOSER
    THEN SEE PRICE RACE AWAY FROM ME SCARED LOOSER
    and I close stop/profit wait and pay my beer then my maintenance.....

  7. #47
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    For The Record.....
    I would never try to 1 up Kor in any argument or discussion...
    In my book he is the only Harmonic author and my own personal hero.
    Nevertheless we must challenge him and keep him grounded before he may slip away..
    Gryffn

  8. #48
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    Interesting thread here . I too use the SD zones and have tried the indicator thats out there . Sometimes it is out by a little.
    I will have a think about how to program the SD zones using the correct methodology .

  9. #49
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    @paulrg:
    Sometimes it is out by a little.
    True, it would be too boring if the price would turn always inside the zone. That is why (in my case at least) is good to use the zone as confirmation method and not main price turning point locator.

    @Paul: what do people drink in your country during Easter???? must be strong! :-)

  10. #50
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    It also makes us CLEVER

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