Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss (Wiley Trading) (Hardcover)

by Don Snellgrove (Author)
Key Phrases: top inside wall, larger time compressions, bounce entry, Courtesy of Concorde Forex Group, Currency Volume Date Sold Bought Gross, River Oscillator Indicator (more...)

Editorial Reviews

Product Description
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.

From the Inside Flap

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.

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Product Details

• Hardcover: 142 pages
• Publisher: Wiley (January 9, 2008)
• Language: English
• ISBN-10: 0470120835
• ISBN-13: 978-0470120835
• Product Dimensions: 10 x 6.9 x 0.9 inches
• Shipping Weight: 14.4 ounces (View shipping rates and policies)
• Average Customer Review: 2.5 out of 5 stars See all reviews (15 customer reviews)
• Amazon.com Sales Rank: #653,971 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

34 of 34 people found the following review helpful:

1.0 out of 5 stars Do background research on author, January 24, 2008

By	Brad T. Stinchcomb - See all my reviews (REAL NAME)

I just received this book and after 30 minutes, I'm worried I got ripped off. Do your research before you spend $50+. Don Snellgrove of Concorde Forex Group(CFG) and Forex Producers Group LLC. I did a quick search after the opening chapter mentioned his trading tools and sources, specifically CFGSmartCharts service. He mentions the ROI, G meter and stochastics, and that his CFGSmartCharts provide daily inner channel walls and extreme levels(?) automatically. So I looked up CFG.

Lots of forums talking about how they were scammed by the Snellgroves for $5500 courses that failed to provide. So I read the book a little more and read the followingabout his S90/Crossover "...there are four levels to the S90/Crossover procedure. The chapters that follow present the first two levels, as well as information regarding the associated extreme levels of the S90/Crossover, which I often use as entries as well as for profit targets. The last two levels are a bit more complicated, and I suggest, once again, to locate a certified mentor who has been properly trained to explain the more advanced levels of the S90/Crossover. You can find contact information for a certified mentor in the Resouce section of this book." Oddly enough, 3 of the 4 resources listed are related to Don Snellgrove's businesses, CFGTrading, CFG LLC, and Forex Producers.

I am a beginner in FOREX and only recently opened my first demo account. I may learn something from this book because I still have so much to learn, but I am very leery of a sales pitch on page 11.

21 of 21 people found the following review helpful:

1.0 out of 5 stars Unrealistic promises, January 26, 2008

By	FxBob (Florida, USA) - See all my reviews

I have perused this book. I have many books on Forex and have been a Forex trader for several years. Like the review from Brad S. , I would proceed cautiously. The outset of this book targets novice traders.

The market often is a self-fulfilling prophecy where universal indicators such as Bollinger Bands and Fibonacci levels are respected. Who are really using the ROI indicator and G-meter outside the CFG camp ? A "Doji" candlestick pattern is often regarded across many markets as a "possible" reversal indicator - but what of CFG's "twin peaks" candle patterns ?

We mere mortals cannot predict which way the markets will move. Therefore a sound trading plan would allow for the markets to move against our trades, which it often does, by our use of stop losses to protect our account. "Achieve Over 100 Trades in a Row Without a Loss" is not realistic [...]. Be leery where promises are made that you, the beginning trader, can walk away with big profits from the Forex market. This is a zero-sum market. If you won a trade, then someone else lost. Who are the "big money" traders that you are competing against ? Often they are veteran traders and banks that have their pulse on the news as it is released.

May I suggest learning about sound principles e.g. money management, technical analysis, economic releases that move the market e.g. interest rates, non-farm payrolls, Inflation indicators, etc..

[...]

20 of 21 people found the following review helpful:

1.0 out of 5 stars Don't buy this book!, January 29, 2008

By	Paul M. Vanderhave (Phoenix, AZ USA) - See all my reviews (REAL NAME)

I gave this book 1 star only because it wouldn't let me give it zero. This book is a 50+ dollar advertisement for his companies. He mentions indicators that are only available through his charting service. I'm pretty easy going, if I get even one piece of useful information from a book I consider it worthwhile. Not this book, it is a RIP-OFF!