Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

handle

Applying Joe Ross Trading Methods

Recommended Posts

I had taken a 3 day private tutoring session with Joe Ross in 2011. Up until that time, I was struggling as a trader. After taking the private session with Joe, I have started to make money trading.

 

While I am not able to share the methods that Joe Ross taught me, I would like to share my trading log with you in order to keep myself focused and disciplined.

 

I would appreciate any discussion, comments, or questions that you may have. I am continually humbled by the markets on my path to becoming a more profitable trader.

 

Thank you.

Share this post


Link to post
Share on other sites
I had taken a 3 day private tutoring session with Joe Ross in 2011. Up until that time, I was struggling as a trader. After taking the private session with Joe, I have started to make money trading.

 

While I am not able to share the methods that Joe Ross taught me, I would like to share my trading log with you in order to keep myself focused and disciplined.

 

I would appreciate any discussion, comments, or questions that you may have. I am continually humbled by the markets on my path to becoming a more profitable trader.

 

Thank you.

 

Hi, nice of you to post your log....what would also help struggling traders is if you would provide an approximate budget...so that they can have a realistic idea of what an effective education costs....

 

Thanks,

Steve

Share this post


Link to post
Share on other sites

Steve,

 

Thank you for your reply. I can attest that having a mentor is very important especially if someone is struggling. I paid a few thousand dollars for a private session. Paying for someone's time runs on the more expensive side, but will save you money in the long run.

Share this post


Link to post
Share on other sites

Trade:

Contract: CL

Entry Signal: Short

Entry Price: 106.77 (red triangle)

Exit Price: 106.67 (green triangle) Target

Entry Time: 9:16 CST

Ticks: +10

 

5r00.jpg

 

Trade Results: 1 Trade. 1 Win / 0 Losses. Ratio: 100%. Ticks: +10

Share this post


Link to post
Share on other sites
Trade:

Contract: CL

Entry Signal: Short

Entry Price: 106.77 (red triangle)

Exit Price: 106.67 (green triangle) Target

Entry Time: 9:16 CST

Ticks: +10

 

5r00.jpg

 

Trade Results: 1 Trade. 1 Win / 0 Losses. Ratio: 100%. Ticks: +10

 

Well done Handle

This for real money?

regards

bobc

Share this post


Link to post
Share on other sites

Trade:

Contract: CL

Entry Signal: Short

Entry Price: 106.13 (red triangle)

Exit Price: 106.03 (green triangle) Target

Entry Time: 8:00 AM CST

Ticks: +10

 

ty95.jpg

 

Trade Results: 2 Trades. 2 Wins / 0 Losses. Ratio: 100%. Ticks: +20

Share this post


Link to post
Share on other sites
Trade:

Contract: CL

Entry Signal: Short

Entry Price: 106.13 (red triangle)

Exit Price: 106.03 (green triangle) Target

Entry Time: 8:00 AM CST

Ticks: +10

 

ty95.jpg

 

Trade Results: 2 Trades. 2 Wins / 0 Losses. Ratio: 100%. Ticks: +20

 

Hi Handle

RUBBISH

no regards

bob

Share this post


Link to post
Share on other sites
...

 

I would appreciate any discussion, comments, or questions that you may have. I am continually humbled by the markets on my path to becoming a more profitable trader.

 

...

 

 

handle,

 

Have you read Ross's books?

 

thx.

 

zdo

Share this post


Link to post
Share on other sites
Hi Handle

RUBBISH

no regards

bob

boy you must be in a really bad mood capt Bob. He is trying to get a handle on the market...what happened to a little encouragement? Its a hard world you know..........

Share this post


Link to post
Share on other sites
handle,

 

Have you read Ross's books?

 

thx.

 

zdo

 

zdo,

 

Yes. I read Daytrading, Trading Is a Business, and Trading By the Book. After reading them, I was so confused that I emailed Joe Ross about them. After many back and forth emails, and a third party's recommendation, I decided to go meet him for a private 3 day session. He straightened me out trading wise, and I began making money as a trader.

 

In order to stay disciplined and focused, I thought that posting my daily trading log would help me follow my trading plan.

 

Thank you.

 

Tony

Share this post


Link to post
Share on other sites
Hi Bob,

 

Is this the same bobc that was complimentary the other day?

 

Tony

yes same capt Bob..planets probally lined up more positive the other day...hence a different response..

Share this post


Link to post
Share on other sites

Trade:

Contract: GC

Entry Signal: Short

Entry Price: 1288.4 (red triangle)

Exit Price: 1287.4 (green triangle) Target

Entry Time: 7:55 CST

Ticks: +10

 

lyjt.jpg

 

Trade Results: 3 Trades. 3 Wins / 0 Losses. Ratio: 100%. Ticks: +30

Share this post


Link to post
Share on other sites
zdo,

 

Yes. I read Daytrading, Trading Is a Business, and Trading By the Book. After reading them, I was so confused that I emailed Joe Ross about them. After many back and forth emails, and a third party's recommendation, I decided to go meet him for a private 3 day session. He straightened me out trading wise, and I began making money as a trader.

 

In order to stay disciplined and focused, I thought that posting my daily trading log would help me follow my trading plan.

 

Thank you.

 

Tony

 

handle,

 

re: "After reading them, I was so confused". What was confusing to you in the books?

 

Some questions about his training (, not his trading...)

 

How is his personal instruction different from his books?

 

In his personal instructing,

1 ) does he have a progression from the 'beginner training' mode of taking a 'fixed' x number of ticks from each entry (ex: looks like you're taking 10 from cl ) to larger and variable 'targets' ? ... and

2 ) does he (progressively or not ) add any 'filtering' to taking the signals into his training.?

 

Thanks.

 

zdo

Edited by zdo

Share this post


Link to post
Share on other sites
handle,

 

re: "After reading them, I was so confused". What was confusing to you in the books?

 

Some questions about his training (, not his trading...)

 

How is his personal instruction different from his books?

 

In his personal instructing,

1 ) does he have a progression from the 'beginner training' mode of taking a 'fixed' x number of ticks from each entry (ex: looks like you're taking 10 from cl ) to larger and variable 'targets' ? ... and

2 ) does he (progressively or not ) add any 'filtering' to taking the signals into his training.?

 

Thanks.

 

zdo

 

zdo,

 

For me, the books seemed hard to follow. I thought they were informative, but not specific enough for me to trade from. The concepts on management, wisdom, patience, etc. were very helpful for the mental part of trading. But I needed more. I was new to trading and trading seemed like a foreign language to me.

 

In his personal training, he:

1. scalps for daytrading. For swing and longer term trading he lets the market take him out with a trailing stop. I only daytrade so am scalping only.

2. He does not use indicators or filters, but he teaches discretionary trading, which by definition uses experience and intuition as built in filters. He does not take some trades that I take, for example, because he did not like the way it looked. His win ratio is better than mine, but my ratio has a positive expectation and is sufficient enough to make money.

 

Hope that helps.

 

Thank you.

 

Tony

Share this post


Link to post
Share on other sites

handle,

 

Thanks for the info. I’m curious because I read Ross in the early 90’s and didn’t get much out of it for “discretionary” trading… however, later I did circle back to some of his (very code-able) ‘patterns’ for intraday automation setups. Imo, beginning short time frame traders are not wasting their time studying Joe’s work…

 

You’re lucky you have the pre-existing aptitudes and inclinations to be able to see ‘mkt representations’ (ie charts, etc.) very similar to how he sees them. Most one on one trainings, actually most of all trading education, is rarely a match with the trainee’s true nature… (but can always be seen as a stepping stone… :) )

…and meanwhile, the anti-vendor detractors will pop in to essentially say ‘if it ain’t good for everybody, it ain’t any good for anybody”…

 

Repeating an earlier question ( – re the “scalps”)

"In his personal instructing,

1 ) does he have a progression from the 'beginner training' mode of taking a 'fixed' x number of ticks from each entry (ex: looks like you're taking 10 from cl ) to larger and variable 'targets' ?"

Thanks

 

All the best.

 

zdo

Share this post


Link to post
Share on other sites
handle,

 

Thanks for the info. I’m curious because I read Ross in the early 90’s and didn’t get much out of it for “discretionary” trading… however, later I did circle back to some of his (very code-able) ‘patterns’ for intraday automation setups. Imo, beginning short time frame traders are not wasting their time studying Joe’s work…

 

You’re lucky you have the pre-existing aptitudes and inclinations to be able to see ‘mkt representations’ (ie charts, etc.) very similar to how he sees them. Most one on one trainings, actually most of all trading education, is rarely a match with the trainee’s true nature… (but can always be seen as a stepping stone… :) )

…and meanwhile, the anti-vendor detractors will pop in to essentially say ‘if it ain’t good for everybody, it ain’t any good for anybody”…

 

Repeating an earlier question ( – re the “scalps”)

"In his personal instructing,

1 ) does he have a progression from the 'beginner training' mode of taking a 'fixed' x number of ticks from each entry (ex: looks like you're taking 10 from cl ) to larger and variable 'targets' ?"

Thanks

 

All the best.

 

zdo

 

zdo,

 

He does not view scalping as 'beginner training'. He views intraday trading or day trading as a scalping environment, so fixed targets. The larger and variable 'targets' are for interday or swing trading. He teaches both targets depending on your time frame and risk tolerance.

 

Thank you.

 

Tony

Share this post


Link to post
Share on other sites
zdo,

 

He does not view scalping as 'beginner training'. ...

 

I understand . Thanks for clarifying.

 

I was using the term 'beginner training' based off his previously published materials and forum postings in reference, not to the scalping methods, but to the setting profit targets (and stops) parts and the question was about what he is teaching now vs what he was teaching then...

 

 

 

 

So alternate reply to

zdo,

 

He does not view scalping as 'beginner training'. ...

 

would be

 

maybe not anymore... but it still seems that

He does view scalping as the 'starting point'

Share this post


Link to post
Share on other sites
I understand . Thanks for clarifying.

 

I was using the term 'beginner training' based off his previously published materials and forum postings in reference, not to the scalping methods, but to the setting profit targets (and stops) parts and the question was about what he is teaching now vs what he was teaching then...

 

 

 

 

So alternate reply to

 

 

would be

 

maybe not anymore... but it still seems that

He does view scalping as the 'starting point'

 

zdo,

 

I am not sure if he used to teach something differently. I do know that for daytrading he scalps or picks his target. Maybe in his prior education, he did not discuss daytrading.

 

Hope that helps.

 

Thank you.

 

Tony

Share this post


Link to post
Share on other sites

Trade:

Contract: GC

Entry Signal: Short

Entry Price: 1310.7 (red triangle)

Exit Price: 1309.7 (green triangle) Target

Entry Time: 7:48 CST

Ticks: +10

 

n6wt.jpg

 

Trade Results: 4 Trades. 4 Wins / 0 Losses. Ratio: 100%. Ticks: +40

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Is this also about coding?     Profits from games of knowledge: https://www.predictmag.com/ 
    • Date : 23rd July 2021. Market Update – July 23 – USD & Equities move higher. Market News Today – USD dipped following ECB & weak US data but has recovered as USDIndex eyes 93.00 again & a “Golden Cross”. EUR 1.1770, JPY 110.30, Cable 1.3750. Equities struggled but ended up, USA500 (+0.20%), Strong Earnings #TWTR. Yields held gains 1.265%. Virus concerns continue to weigh, US Republicans now encouraging vaccinations. USOil breached & broke $70.00, Gold back over $1800. Overnight – JPY closed until Monday, shares in Asia struggled to follow US higher, AUD PMI data at 14-mth lows (50% of popn. in lockdown) & UK Retail Sales data beat as restrictions continue to ease and football was supposed to come Home. ECB – Negative Rates Are Here to Stay – ECB tweaked its rate guidance yesterday which resulted in an even stronger signal that the bank expects this year’s inflation overshoot to be temporary. The marginally higher inflation target & refined hurdles for rate hikes have pushed an exit from negative rates even further into the future, but doesn’t necessarily clarify the outlook on asset purchases & PEPP. The focus on the forward guidance may actually signal a shift back from asset purchase targets to rates as the main signal for the ECB’s policy stance. European Open – The September 10-year Bund future is down -3 ticks, Treasury futures are slightly underperforming. DAX and FTSE 100 futures meanwhile are up 0.3% and US futures are posting similar gains. The ECB’s affirmation of its ultra-accommodative policy stance and the strengthening of the guidance on rates should continue to keep sentiment underpinned. ECB’s Villeroy also stressed this morning that it was perfectly justified to stick with accommodative settings for now, but also indicated that the central bank will look at asset purchases again in September. For now though virus developments and the rapid spread of the Delta variant is likely to keep a lid on growth optimism. Today – Flash Eurozone, UK & US PMIs, CBR Rate Decision, Canadian Retail Sales. Earnings from Danske Bank, American Express and Honeywell. Biggest FX Mover @ (06:30 GMT) NZDCHF (+0.21%) 4th day of big move from lows of 0.6330 on Tuesday, to test 20-Day MA (0.6417) today. Breached 21EMA yesterday, faster MAs aligned higher, RSI 59 and rising, MACD signal line & histogram rising & significantly above 0 line. H1 ATR 0.0008, Daily ATR 0.0064. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • I think we need to have both the Job as well as Forex as we need some capital to backup when we lose in the Forex Trading and a good Job could do with it.
    • I would like to trade with Forex, and I am still on the verge of learning, hoping to make the most of it.
    • Date : 22nd July 2021. Market Update – July 22 – USD cools as risk aversion slides. Trading Leveraged Products is risky Market News Today – USD dipped from 3-mth highs, USDIndex down (from 93.18 to 92.80) as Equities bounce back, recovering all of Monday’s fall on the back of strong Earnings (+0.8% & VIX back to 20.00). Yields recovered to 1.28% (20yr auction filled at 1.89%). Virus concerns continue to weigh. OIL Inventories +2.4m vs -4.6m expected, USOil futures touched $70.00, Gold back under $1800. Overnight – JPY closed until Monday, shares in Asia struggled to follow US higher, AUD trade & Confidence data mixed. (50% of popn. remain in lockdown). European Open – DAX and FTSE 100 futures are up 0.3% and 0.2% respectively, U.S. futures are also slightly higher, so the positive momentum that dominated yesterday’s session remains in place, albeit with a slightly more cautious tone to start the day. In FX markets EURUSD is little changed at 1.1793, Cable at 1.3719. Earnings reports helped to underpin stock market sentiment on Wednesday and company news will remain in focus today, but for the Eurozone the main item on the agenda is the ECB policy meeting. ECB Preview – The central bank is expected to keep overall settings unchanged, but Lagarde has hinted that the forward guidance will be tweaked following the change in the inflation target and markets are hoping for a commitment to ongoing support beyond the immediate crisis phase. So the meeting is now of more significance and LIVE…. Today – The ECB policy announcement, US Weekly Claims & EZ consumer confidence and Earnings from Abbot Labs, Blackstone, AT&T, Intel, Snap & Twitter. Biggest FX Mover @ (06:30 GMT) AUDCAD (+0.35%). Bounced from 13-mth low at 0.9216 yesterday to 0.9267 highs earlier. Breached 21EMA earlier, faster MAs aligned higher, RSI 53 and rising, MACD signal line & histogram rising but significantly below 0 line. H1 ATR 0.0010, Daily ATR 0.0061. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.