Selective Forex Trading

Selective Forex Trading skillfully outlines author Don Snellgrove’s S90/Crossover: an independently verified technical indicator that has provided traders with the ability to achieve over 100 consecutive Forex trades without a single loss. Whether you’re a seasoned professional or just getting started, this approach—which is based on historical resistance and support points within a trading range—can assist you in entering and exiting positions for the greatest profits possible.

Acknowledgments ix

Introduction: Read This First! Are You Ready for Something Different in the World of Trading? xi

Chapter 1: Advice and Thoughts for Neophyte, Intermediate, and Advanced Traders 1

Chapter 2: Modernist versus Traditionalist Approaches to Trading 5

Chapter 3: What Is an S90/Crossover and How Was It Discovered? 9

Chapter 4: Developing the Profit Targets or Entry Points of a Trading Range for the S90/Crossover 27

Chapter 5: S90/Crossover with Gaps, Holes, and Fibonacci Levels 35

Chapter 6: Extreme Levels of a Trading Range: What Are S90/Crossover Extreme Levels within the Forex? 45

Chapter 7: Basic Trading Skills with S90/Crossovers and Extreme Levels in the Market 53

Chapter 8: S90/Crossovers, Trend Bounces, and Holes in the Market 59

Chapter 9: Proof: Live Forex Trading Examples and Interviews with Traders 65

Chapter 10: More about Extreme Levels in the Market 77

Chapter 11: When to Bail Out of the Trade and When to Stay In for Additional Profits 93

Final Thoughts 99

Appendix A Selections from CFG Newsletters 101

Appendix B A Mechanical and Nonemotional Style of Trading for Part-Time Traders 107

Glossary 129

Resources 137

Index 139

DON SNELLGROVE has been trading Forex for nearly ten years and has trained thousands of individuals to trade the Forex market. Snellgrove is the President and CEO of Concorde Forex Group.

During the early days of the foreign exchange market, banks and other large financial institutions were the primary players in this field. Today, thanks in part to advances in technology, this market has quickly grown into a global electronic network of banks, financial institutions, and individual traders. With a reported volume of over $1.8 trillion changing hands every day, the time to get involved in this exciting global market has never been better.

So how can you capture significant profits from the Forex market? With this reliable resource, author Don Snellgrove—an active Forex trader and educator of traders—will show you how.

Written in a straightforward and accessible style, Selective Forex Trading skillfully outlines the S90/Crossover^©: an independently verified technical indicator developed by Snellgrove that has provided traders with the ability to achieve over 100 consecutive Forex trades without a single loss. Whether you’re a seasoned professional or just getting started, this approach—which is based on historical resistance and support points within a trading range—can assist you in entering and exiting positions for the greatest profits possible.

In order to clearly understand the methodology described throughout this book—which includes the S90/Crossover as well as several other applications—you need to determine trends, resistance, support, and confirming procedures through software that utilizes ROI, RC, RCU/D, and their extensions with cluster formations for possible reversal entries. A brief explanation of each of these subjects is provided when they are initially discussed.

Beyond providing hands-on guidance into using the S90/Crossover and Extreme levels, Selective Forex Trading also features specific exercises for creating and maintaining a strong mental discipline. These proven strategies will help you stay focused and committed even during the most difficult of times.

The S90/Crossover and Extreme levels of the market are not the only methodologies that will allow you to increase returns and control risk, but they may be the simplest and most reliable approaches to consistently trading the foreign exchange market. Filled with in-depth insights and practical advice, Selective Forex Trading will help you enter this dynamic market with confidence and exit with profits.