Contents
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 |
|
|
v |
vi CONTENTS
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 |
Legalities: As of 2007, the foreign currency exchange continues to be an unregulated industry. At the time this book was being written, only forex brokers who voluntarily register with regulators are subject to fines and other overseeing efforts like those found in other markets such as stocks, futures, and commodities. The reason I have posted disclaimers so many times within this book is because the forex may be a dangerous market for traders who do not spend time learning the skill of trading in the forex. The following is a partial general disclaimer that is used by many brokerages.
D I S C L A I M E R
Trading
the
foreign
exchange
market
carries
a
high
level
of
risk
and
may
not
be
suitable
for
all
investors.
Before
deciding
to
trade
the
foreign
exchange
market,
you
should
carefully
consider
your
investment
objectives,
level
of
experience,
and
risk
appetite.
The
possibility
exists
that
you
could
sustain
a
loss
of
some
or
all
of
your
initial
investment;
therefore,
you
should
not
invest
money
that
you
cannot
afford
to
lose.
You
should
be
aware
of
all
the
risk
associated
with
foreign
currency
exchange
trading,
and
you
should
seek
advice
from
an
independent
financial
advisor
if
you
have
any
doubts.
Acknowledgments
T
hank
you
to
my
wife
Barbara
for
her
ongoing
support
of
my
career
as
a
trader.
Thanks
also
to
CJ
Shires
and
the
guys
at
CFG
for
their
help
with
the
research
and
illustrations
found
within
this
book.
A
special
thank-you
is
extended
to
the
devel-
oper of the SmartCharts, Gerald Greene.
Congratulations to the many traders who have traded 50, 100, and even 200 plus trades in a row without a loss on live trading accounts while using stops to protect their margins. Your success using the S90/Crossover and other proprietary techniques of a CFG trader provided the encouragement that I needed to write this book.
ix
I N T R O D U C T I O N