Schlossberg does not like the ADX. I find it useful, as it can indicate a coming divergence when it is at extreme levels (40 +). He does like the RSI, as do I and really likes Bollinger Bands, particularly when used as a pair of 1 and 2 standard deviations.
I would say his methods are for those who have a lot of capital. The methods he talks about, including his own, try and ignore the way the Forex market moves, the sudden reversals which either make you buy at a top or sell at a bottom, but this takes serious cash back up.
It is basically an attempt to ignore the zero sum game inherent in Forex. But this book is a fascinating insight into the way larger traders use the Forex market. And this can be useful information for smaller traders.
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