Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss is a recent entry into the foreign currency exchange market inventory of books and trader resources. Unlike many other books we have reviewed this one is specifically focused on a precise trading system, which for the reader is a mixed bag of advantages and disadvantages. On the whole it is a very well written and easy to understand resource, offering both the novice trader and the more experienced trader a wealth of solid and actionable information.
The key to success with this book is to acquire it with the upfront knowledge that some of the tools necessary to actually use the trading system presented are only available via subscription from the author’s own professional foreign currency exchange trading information resource. You can learn all about the system in the pages of this book, but you will have to invest some money to get your hands on some of the proprietary tools that make the system effective and profitable.
While this may put off some readers who are not interested in learning a system that requires the use of a subscription service (especially one that is owned by the author himself), for others this is not an issue. They are willing to purchase Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss to learn about the specialized system, and then make a decision about moving forward with an ongoing subscription based on what they learn. Our intention with this book commentary is to give you the best information and insights possible to help you determine which of these approaches is best suited to your needs.
A new system for a new time
One of the most interesting things about Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss is that it truly represents a new trading system for the modern incarnation of the foreign currency exchange market. There are of course numerous traditional approaches to trading foreign currencies, but this book offers a new way of approaching the trading of foreign currency that is specially designed and constructed for the modern Forex marketplace.
The author, Don Snellgrove, is an experienced foreign currency exchange market trader who has developed this unique system and demonstrated its effectiveness. Called the S/90 Crossover, it uses a proprietary technical indicator to help traders determine which opportunities to pursue and which ones to leave alone. It does this by helping you to clearly identify when to enter into a trading position and when to exit that trading position, with the ultimate goal being to maximize profit potential for the transaction.
Snellgrove developed this system over the course of his Forex trading career, adjusting the methods and the techniques used to make them most efficient and effective. While no system of trading on the foreign currency exchange market is ever foolproof or guaranteed, Snellgrove contends this system is so powerful and so proven that if you use it correctly it is possible to complete one hundred or more foreign currency trades in a row without incurring a single loss. This is an extraordinary claim that Snellgrove goes on to explain in exceptional detail throughout Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss.
The basics of the S/90 Crossover system
It is helpful to take a general look at the basics of the S/90 Crossover system as discussed in Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss. Here are the main points made by the author:
The approach – The approach used in the S/90 Crossover system is centered on support points and historical resistance within a particular range of trading. Snellgrove’s proprietary technical indicator is the foundational tool used in this approach. What’s more, there is an additional more advanced application of the S/90 Crossover system called S/90 Extreme that is discussed in the context of the overall S/90 approach.
The methodology – The methodology underlying the S/90 Crossover system is reasonably easy to read and digest as long as you can identify specific pieces of information required to execute the system. These pieces of information include support, trends, resistance, and procedures of confirmation, all fed into the proprietary software for analysis and examination.
The software – The software that is to integral to the S/90 Crossover system takes the pieces of information above and uses them along with other tools such as ROI, RCU/D, RC, their extensions, cluster formations, and more. If these terms and tools do not sound familiar there is no need to worry because Snellgrove does a good job of explaining them as part of his detailed discussion.
The mindset – The mindset of foreign currency exchange market trading is a key component of the S/90 Crossover system, so Snellgrove includes a good discussion of this important personal attribute. He includes real world examples of why mental discipline is so critical to successful trading in the Forex market, followed by some excellent exercises you can use to help create and maintain your own mental discipline as strongly as possible.
How do these main points differ from those more commonly included in books and other resources about foreign currency exchange market trading? The most obvious difference is that they all point towards and support the author’s proprietary technical indicator that forms the very heart of the S/90 Crossover system. This accomplishes two vital tasks; first, it helps the reader clearly understand the value and potential profitability of using the S/90 Crossover system, and second, it helps the author convince the reader to make a further commitment of subscribing to the proprietary technical indicator and information so central to the S/90 Crossover system.
Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss is a very good resource for information on the S/90 Crossover system of foreign currency exchange market trading. The information is complete, comprehensive, and easy to understand, while the writing is clear and engaging regardless of whether you are an advanced, intermediate, or novice trader. The author, Don Snellgrove, is quite knowledgeable about his system and writes in an engaging style.
The biggest drawback to Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss is the fact that readers need to subscribe to the author’s additional subscription service to obtain full access to the proprietary software and technical indicator that are at the center of the S/90 Crossover system. It’s easy, then, to view the book itself as little more than a lengthy marketing piece for what is likely the more profitable subscription service.
While this view is understandable, it shortchanges the potential benefits and value of the book. At the very least, Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss offers an interesting alternative approach to foreign currency exchange market trading systems. It departs from traditional approaches in a number of ways, but also incorporates some traditional tools in its processes. Because of this, many readers will find it interesting and useful to read and understand the information in this book purely as an effort to broaden their foreign currency exchange market trading knowledge. After all, knowledge is a powerful thing and the most successful traders are those whose minds are disciplined yet curious enough to constantly be on the lookout for information that might help improve their success and profits.
Overall, Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss is a worthwhile investment as an addition to your Forex trading library of resources, as long as you are aware going into it that the S/90 Crossover system that is the focus of the book also requires additional subscription services to be fully and effectively executed.