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Selective Forex Trading:

Book 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.

Table of Contents

  1. Copyright
  2. Acknowledgments
  3. INTRODUCTION: Read This First!: Are You Ready for Something Different in the World of Trading?
  4. 1. Advice and Thoughts for Neophyte, Intermediate, and Advanced Traders
    1. 1.1. WHAT YOU NEED TO KNOW BEFORE YOU EVEN THINK ABOUT TRADING THE FOREX
    2. 1.2. LEARN FROM A CERTIFIED MENTOR
    3. 1.3. HOW THIS BOOK CAN HELP YOU
  5. 2. Modernist versus Traditionalist Approaches to Trading
    1. 2.1. SOMETHING TO THINK ABOUT REGARDING THE HISTORY OF THE FOREX
  6. 3. What Is an S90/Crossover and How Was It Discovered?
    1. 3.1. LET'S GET STARTED: USING CANDLESTICK CHARTS
    2. 3.2. RESISTANCE IDENTIFICATION IN TRADING RANGES WITH NEWLY FORMING RESISTANCES
    3. 3.3. TRADING RANGES WITH NEWLY FORMING SUPPORTS
    4. 3.4. SUPPORT IDENTIFICATION REITERATED
    5. 3.5. BREACHING A LINE LEGALLY OR ILLEGALLY
    6. 3.6. APPLYING FIBONACCI LEVELS
  7. 4. Developing the Profit Targets or Entry Points of a Trading Range for the S90/Crossover
    1. 4.1. EXPLANATION OF LEVELS AND HOW THEY MAY BE INTERPRETED
    2. 4.2. S90/CROSSOVER LEVELS ARE NOT THE SAME AS A PIVOT POINT
    3. 4.3. S-90 CROSSOVERS WITHIN A RANGE
    4. 4.4. LEGAL AND ILLEGAL S90/CROSSOVERS
  8. 5. S90/Crossover with Gaps, Holes, and Fibonacci Levels
    1. 5.1. GAPS
    2. 5.2. HOLES IN THE MARKET
  9. 6. Extreme Levels of a Trading Range: What Are S90/Crossover Extreme Levels within the Forex?
    1. 6.1. WHAT ARE S90/CROSSOVERS? THE COMPLEX ANSWER
    2. 6.2. WHAT ARE S90/CROSSOVERS? A SIMPLE ANSWER
    3. 6.3. REQUIRED KNOWLEDGE AND TRAINING
  10. 7. Basic Trading Skills with S90/Crossovers and Extreme Levels in the Market
    1. 7.1. TRADING RANGES
    2. 7.2. RESISTANCE
    3. 7.3. SUPPORT
    4. 7.4. TRENDS
    5. 7.5. MARKET ORDERS
    6. 7.6. POSITION ORDERS
    7. 7.7. PLACING LIMITS
    8. 7.8. PLACING PROTECTIVE STOPS
    9. 7.9. TRAILING STOPS
    10. 7.10. COST AVERAGING
      1. 7.10.1. Cost Averaging Based on Directional Market Trends
      2. 7.10.2. Cost Averaging Based on Mathematical or Fibonacci Levels
      3. 7.10.3. Summary of Cost-Averaging Procedures
    11. 7.11. EFFECTS OF OVERLAPPING FIBONACCI LEVELS
  11. 8. S90/Crossovers, Trend Bounces, and Holes in the Market
  12. 9. Proof: Live Forex Trading Examples and Interviews with Traders
    1. 9.1. EXAMPLE #1: LIVE TRADING HISTORY BY A NEOPHYTE TRADER
      1. 9.1.1. Interview with Anonymous Trader #1
      2. 9.1.2. What You Can Learn from This Example
    2. 9.2. EXAMPLE #2: LIVE BEGINNING TRADER, 90+ TRADES IN A ROW WITHOUT A LOSS
      1. 9.2.1. Interview with Anonymous Trader #2
      2. 9.2.2. What You Can Learn from This Example
  13. 10. More about Extreme Levels in the Market
    1. 10.1. HOW MAY TRADERS OBTAIN THESE EXTREME LEVELS?
    2. 10.2. WHAT TRADING SKILLS DO TRADERS NEED FOR TRADING EXTREMES?
      1. 10.2.1. Candlestick Charting
      2. 10.2.2. Data Feed for Tracking the Market
      3. 10.2.3. River Oscillator Indicator Signals
      4. 10.2.4. River Channel Signals
      5. 10.2.5. Multiple Time Compressions
      6. 10.2.6. Automated Trend-Tracking Software
    3. 10.3. STRATEGY FOR TRADING INSIDE THE WALLS OF THE S90/CROSSOVER
    4. 10.4. WHEN THE MARKET MOVES CLOSER TO THE LEVEL
  14. 11. When to Bail Out of the Trade and When to Stay In for Additional Profits
    1. 11.1. PAY THE DUES OF TIME AND PRACTICE
    2. 11.2. INSTRUCTIONS FOR A SIMPLE TRADE
    3. 11.3. HAVE A PLAN AND TRADE THE PLAN
      1. 11.3.1. Example 1
      2. 11.3.2. Example 2
      3. 11.3.3. Example 3
  15. Final Thoughts
  16. A. Selections from CFG Newsletters
    1. A.1. PERIPHERAL TRADING IN THE FOREX MARKET
    2. A.2. DAILY TRADING TIPS
      1. A.2.1. Work Smart and Not Hard
      2. A.2.2. Monitor Several Time Compressions at One Time
    3. A.3. TRADING TIPS AND THOUGHTS
    4. A.4. KNOW THE "WWW" OF A TRADE
      1. A.4.1. The First W: Why?
      2. A.4.2. The Second W: What?
      3. A.4.3. The Third W: When?
    5. A.5. STRING TRADING
  17. B. A Mechanical and Nonemotional Style of Trading for Part-Time Traders
    1. B.1. THE STRATEGY
      1. B.1.1. Entries and Limits
      2. B.1.2. A Third Trade
      3. B.1.3. Stops
  18. Glossary
  19. Resources