Opportunities in Forex Calendar Trading Patterns

Hi guys! anybody of you who have read this book? Any comments pls. Is it worth buying? Thanks.


http://www.lulu.com/content/209786

http://www.fxstreet.com/education/fo...ding-Patterns/

I only say this because this question is in the "Forex Beginner Q&A", so if you have experience in this market, please forgive me.

But I am willing to bet that these "patterns" he is writing about are the seasonality of forex. (i.e., Swiss Franc tends to gain strength in Fall. - That's not a fact, just an example of what I think he is getting at.)

BUT.....it is common knowledge that summer months trading isn't really all that active, from a historical point of view.

And as I am sure you know by now, this summer isn't exactly calm, range-bound, and boring like it's supposed to be. Perhaps he couldn't see this coming, which is fine. But the truth of the matter is that if the market isn't behaving it's usual range-bound self, then probably almost none of his other predictions are correct either.

Also, I am almost 100% sure that seasonality is a topic that you can read here and there for free on the net.

So truthfully, I would save the 129 bucks.

Just my opinion.

The above links appear broken or removed. This link may last longer. *

1. Information: webinar video on site.
2. Cost: ebook - $49 (32) - 28/Sep/2015.

Copy & paste ↓ into browser.

fxstreet.com/webinars/sessions/the-traders-bookshelf-opportunities-in-forex-calendar-trading-patterns-with-john-forman-20140331/

* I have no commercial connection with this book and the link is posted as general information.

News (macroeconomic release) trading is becoming a very hard way of trading. Whipsaws happen too often and you can't really predict their size - 10 pips, 20 pips or 100 pips (as in case of NFP). I had been using straddle strategy till burned my account with FXCM in 2012 (affected with their asymmetric slippage too) and jumped to Hotforex. I confirm it's highly possible to trade using FX calendar it do have some patterns and with current unstable politic and economic situation they become quite evident (just keep an eye on news, so easy). Vivid example - many risk-averse investors (from EU stocks for example) move their investments into Yen or other safe heavens. Trend is evident and if you catch the moment, profit is yours.
Good luck