Haji,

I can see what you mean after looking at the chart.

It would have been a little difficult for me to pick out that area, but I can see how leaning on the other odds enhancer helped with that area.

Thanks for taking the time to answer my question,

Austin

Thanks Haji!

Thanks for the question and thank you hugh for taking this opportunity. At first I would pick the same but what neglects the quality of that supply was that if you notice the supply above it has a wick longer in one of its candle, telling us that If it was true that a quality supply is at that level, that price should have not move further above it if it was in an equilibrium state. The rally base drop or the drop base drop concept should not be taken seriously as it does not reflect to pick quality levels.

It does not matter. What matter is the odd enhancer additionally you should look for is the dollar index as a correlation of the opposite level. If you look back at the same date and time of the EUro supply met with the dollar index demand, this increases your odds of that level.

Why the 1 hour chart, because at that time the opportunity that gives me more profit margin and a best setup is at that time frame. I would normally op for a 5 or 15 min chart for day trade. To me 10 pip is enough for my daily average earning to trade for a living. So that 1 hour chart did give me a better bonus for the week, it does not always occur but if it does, I will take it.

I listened to your interview at Hugh’s Trading Heroes blog.
Also, I was reading though your blog and I really related to your “Stop focusing on the fruits, and look at the roots instead.”

I have been studying trading for a couple years and had some failed attempts. But now I’m taking a more disciplined approach and paying much more attention to emotions and how they influence my trading.

I have spent the last 2 months solely focused on Sam Seiden’s trading style, reading and watching videos. I’m currently creating a plan using his “Odds Enhancers” and making everything as rule-based as possible. I have been working on writing a plan before starting to trade again.

I was encouraged to hear in your interview that Sam Seiden’s supply and demand framework helped give you an edge more than other things you have studied.

I have a question about one of your postings. You said in the interview you trade 5 min or 15 min bars for your short term trading. In one of your posts showed an hourly supply level. But I’m curious how you picked that supply level? Knowing what I know about Seiden’s approach, I would have picked that Rally base Drop above that level.
On this chart (from your blog):
http://warithu.files.wordpress.com/2011/06/eurusd-trade1-close.gif

After looking though your blog, I’m really glad you found success after struggling (It’s encouraging for me).

Thank you,

Austin