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

Starting on Tuesday, September 3, I will be including an additional method as I learned it from Joe Ross. If anyone has learned from Joe Ross, please provide feedback and input.

 

Thank you.

 

Tony

Share this post


Link to post
Share on other sites

Trade:

Contract: GC

Entry Signal: Long

Entry Price: 1402.6 (green triangle)

Exit Price: 1403.6 (red triangle) Target

Entry Time: 6:40 PST

Ticks: +10

 

3bvo.jpg

 

Trade Results: 8 Trades. 7 Wins / 1 Loss. Ratio: 87.5%. Ticks: +56

Share this post


Link to post
Share on other sites
Trade:

Contract: GC

Entry Signal: Long

Entry Price: 1402.6 (green triangle)

Exit Price: 1403.6 (red triangle) Target

Entry Time: 6:40 PST

Ticks: +10

 

3bvo.jpg

 

Trade Results: 8 Trades. 7 Wins / 1 Loss. Ratio: 87.5%. Ticks: +56

Zzzz..zzzzz.. Yes? ...zzzz...zzz what? Did you say wake up a J Ross trade just took place....did you get it on video...zzzz...i'm going back to sleep...zzzz..zzz..zzzzzzzzzzzzzzzz

 

Well done mr handle...pay no attention to patucas humor. He is at the complete idiot level you know..per zdo..

 

Patuca

Share this post


Link to post
Share on other sites
Zzzz..zzzzz.. Yes? ...zzzz...zzz what? Did you say wake up a J Ross trade just took place....did you get it on video...zzzz...i'm going back to sleep...zzzz..zzz..zzzzzzzzzzzzzzzz

 

Well done mr handle...pay no attention to patucas humor. He is at the complete idiot level you know..per zdo..

 

Patuca

 

have to work more than that to even consider a raise :rofl:

Share this post


Link to post
Share on other sites
have to work more than that to even consider a raise :rofl:

I thought you were the founder..now you are a super moderator? Does anyone ever notice these changes besides me? I thought traders were supposed to be an observant bunch? :haha:

Share this post


Link to post
Share on other sites

Trade:

Contract: GC

Entry Signal: Short

Entry Price: 1393.3 (red triangle)

Exit Price: 1392.3 (green triangle) Target

Entry Time: 6:22 PST

Ticks: +10

 

yaey.jpg

 

Trade Results: 9 Trades. 8 Wins / 1 Loss. Ratio: 88.9%. Ticks: +66

Share this post


Link to post
Share on other sites
OK handle

Enough :(

You show me yours and I'll show you mine.

Explain your entry / exit strategy and I will teach you the Ambush method.

regards

bobc

 

bobc,

 

I'm sorry bobc but the purpose of this thread is to help me stay disciplined and not to teach or share the setups. You are welcome to contact Joe Ross yourself but I have no permission to share his methods publicly.

 

Are you having success with the Ambush method? Do you post your trading log anywhere so we can see how you perform with it?

 

Thank you,

 

Tony

Share this post


Link to post
Share on other sites
Zzzz..zzzzz.. Yes? ...zzzz...zzz what? Did you say wake up a J Ross trade just took place....did you get it on video...zzzz...i'm going back to sleep...zzzz..zzz..zzzzzzzzzzzzzzzz

 

Well done mr handle...pay no attention to patucas humor. He is at the complete idiot level you know..per zdo..

 

Patuca

 

Patuca,

 

Wake up. There was another!

 

mr handle

Share this post


Link to post
Share on other sites
have to work more than that to even consider a raise :rofl:

 

tradingwizzard,

 

I would like to make more trades but this approach is slow and steady. I am able to feed my family on it. But if you see setups that I am missing, please share.

 

Thank you.

 

Tony

Share this post


Link to post
Share on other sites
bobc,

 

I'm sorry bobc but the purpose of this thread is to help me stay disciplined and not to teach or share the setups. You are welcome to contact Joe Ross yourself but I have no permission to share his methods publicly.

 

Are you having success with the Ambush method? Do you post your trading log anywhere so we can see how you perform with it?

 

Thank you,

 

Tony

 

Hi handle

No problem with the disclosures.Your method is nonsense.Nothing personal.

You can determine my performance on the Gold thread. :)

You might even want to change your method after reading about Gann trading. :(

regards

bobc

Share this post


Link to post
Share on other sites

keep it cool guys....I know nothing about Joe Ross or what the heck is the name, but if I see a good pattern/strategy you have my attention......for far I didn't, but, Tony, please keep post them as I will look into the subject and let you know my findings.......:)

Share this post


Link to post
Share on other sites
Patuca,

 

Wake up. There was another!

 

mr handle

oh ...yawn....you just won't let me sleep..will you?

 

One thing mr handle you are 8/1. Maybe 9/1 soon so if it is nonsense it has a high win rate...all you have to do is up size and some decent money can be made...

 

 

Question for all traders: is it easier to predict probable price 5 miniues from now or one day from now? Or is it equallly as difficult?

 

Patuca

Share this post


Link to post
Share on other sites
oh ...yawn....you just won't let me sleep..will you?

 

One thing mr handle you are 8/1. Maybe 9/1 soon so if it is nonsense it has a high win rate...all you have to do is up size and some decent money can be made...

 

 

Question for all traders: is it easier to predict probable price 5 miniues from now or one day from now? Or is it equallly as difficult?

 

Patuca

 

Hi Patuca

Its much easier to predict the price 5 minutes from now.

You dont lose so much money when you are wrong

regards

bobc

Share this post


Link to post
Share on other sites

Consider this: the longer time frame the more variables enter into the picture.. War...news...traders sentiment...fed reserve....hft jolts...algo's..etc.

 

A cursory look to the left will have a high probability of telling you where prices will go in the next five minutes...therefore, why do so many want to make big gains by attempting to play for larger moves? The larger moves, by definition, are harder to "anticipate" (since the word "predict" sends many traders into mental convulsions) thus causing the probability of success to be less. I know one is looking for a bigger RR thinkng higher RR is the key to mega $$$ rolling in to ones account. However, once one gets REALLY GOOD at anticipating 5 minute moves it is entirely possible to have an actual RR of 8:1 or 10:1 and on top of that a high win rate.

 

Consider this: a trader only has to average a consistent 2 points per day in the ES and simply up the size to 5 lots. In a year he will have made 120,000.00 - 24,000.00 aproxRT commisions assuming 4 trades per day to get the 2 points. In actuality, many days 1 trade will get the 2 points but just saying if it takes up to 4 trades to net 400.00 per day trading 5 lots. Point to be made is several fold.

 

First, It is easier to anticipate a 1 or 2 point move in the ES over the next 5 to 15 minutes than a 10 to 15 point daily move.

 

Second, you can mathematically have a very good positive traders equation and a very good RR once you get sharp at predicting 2 point moves on 5 minute chart.

 

Third, it is achievable to have a very high win rate doing this.

 

Fourth, many days there will be 4 or 5 or more points gained which will more than make up for losing days.

 

Now, throw in the NQ together with ES and trading 5 lots and capturing 5 point moves (net) day...add this to the points net on the ES......well you get the picture....

 

 

It is easier to make many base hits than home runs in the markets...

 

Of course, I am at the complete idiot level so you might want to take what i say with a grain of salt. It certainly isn't for everyone but with those so inclined it just might work for them if they can get good at it. Many times the points can be made within 30 minutes of the open....

 

Just another dipstick viewpoint.....

Share this post


Link to post
Share on other sites
Consider this: the longer time frame the more variables enter into the picture.. War...news...traders sentiment...fed reserve....hft jolts...algo's..etc.

 

A cursory look to the left will have a high probability of telling you where prices will go in the next five minutes...therefore, why do so many want to make big gains by attempting to play for larger moves? The larger moves, by definition, are harder to "anticipate" (since the word "predict" sends many traders into mental convulsions) thus causing the probability of success to be less. I know one is looking for a bigger RR thinkng higher RR is the key to mega $$$ rolling in to ones account. However, once one gets REALLY GOOD at anticipating 5 minute moves it is entirely possible to have an actual RR of 8:1 or 10:1 and on top of that a high win rate.

 

Consider this: a trader only has to average a consistent 2 points per day in the ES and simply up the size to 5 lots. In a year he will have made 120,000.00 - 24,000.00 aproxRT commisions assuming 4 trades per day to get the 2 points. In actuality, many days 1 trade will get the 2 points but just saying if it takes up to 4 trades to net 400.00 per day trading 5 lots. Point to be made is several fold.

 

First, It is easier to anticipate a 1 or 2 point move in the ES over the next 5 to 15 minutes than a 10 to 15 point daily move.

 

Second, you can mathematically have a very good positive traders equation and a very good RR once you get sharp at predicting 2 point moves on 5 minute chart.

 

Third, it is achievable to have a very high win rate doing this.

 

Fourth, many days there will be 4 or 5 or more points gained which will more than make up for losing days.

 

Now, throw in the NQ together with ES and trading 5 lots and capturing 5 point moves (net) day...add this to the points net on the ES......well you get the picture....

 

 

It is easier to make many base hits than home runs in the markets...

 

Of course, I am at the complete idiot level so you might want to take what i say with a grain of salt. It certainly isn't for everyone but with those so inclined it just might work for them if they can get good at it. Many times the points can be made within 30 minutes of the open....

 

Just another dipstick viewpoint.....

 

Hi Patuca,

 

I disagree with this, although I have respect for the argument you make.

 

Certainly, if you can predict short term price movements with any accuracy then, to put it simply, you'll have a much smoother ride than any longer term trader. If this weren't the case, then all those HFT firms wouldn't bother.

 

But is this possible? If not, then the very first premise of your argument is flawed . . .

 

The more variables that enter into the picture (especially those with high granularity as opposed to major fundamental events like wars), then the more "smoothed" their effect will be. If you look at a weekly chart and there's an uptrend, then this uptrend is the result of opinion in spite of whatever short term fluctuations the influences you list may generate.

 

The shorter the timeframe, the lower the signal to noise ratio.

 

For me, this has a clear consequence: you can trade against short term noise in favour of the long term trend.

 

Example: long term uptrend but news (it's just noise) causes a three day sell-off = buy.

 

Example: long term downtrend but war (it's just noise) causes a brief rally = short.

 

Trade the trend, and fade the noise for great entries!

 

As soon as you move to intraday the difficulty is that the trend (?) is just the noise from the higher timeframes. I imagine there is some sophisticated way to assemble all this (some incredibly complex fractal hedging in multiple timeframes?), but I have stopped looking for it - end of day works well enough.

 

The point should also be made (so I'll make it!) that I may just be cynical because shorter term trading isn't something I myself have had any success with.

 

Finally, a R:R of 1:1 is fine if you have a high win rate.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites
Hi Patuca,

 

I disagree with this, although I have respect for the argument you make.

 

Certainly, if you can predict short term price movements with any accuracy then, to put it simply, you'll have a much smoother ride than any longer term trader. If this weren't the case, then all those HFT firms wouldn't bother.

 

But is this possible? If not, then the very first premise of your argument is flawed . . .

 

The more variables that enter into the picture (especially those with high granularity as opposed to major fundamental events like wars), then the more "smoothed" their effect will be. If you look at a weekly chart and there's an uptrend, then this uptrend is the result of opinion in spite of whatever short term fluctuations the influences you list may generate.

 

The shorter the timeframe, the lower the signal to noise ratio.

 

For me, this has a clear consequence: you can trade against short term noise in favour of the long term trend.

 

Example: long term uptrend but news (it's just noise) causes a three day sell-off = buy.

 

Example: long term downtrend but war (it's just noise) causes a brief rally = short.

 

Trade the trend, and fade the noise for great entries!

 

As soon as you move to intraday the difficulty is that the trend (?) is just the noise from the higher timeframes. I imagine there is some sophisticated way to assemble all this (some incredibly complex fractal hedging in multiple timeframes?), but I have stopped looking for it - end of day works well enough.

 

The point should also be made (so I'll make it!) that I may just be cynical because shorter term trading isn't something I myself have had any success with.

 

Finally, a R:R of 1:1 is fine if you have a high win rate.

 

BlueHorseshoe

Like i said it isn't for everyone. A RR 1:1 is bare min. Many times i get RR Like 8:1, 9:1 and more. It all comes down to precise picking where actual risk is so low that it makes the RR ratio very high. Many times, probally aprox 30%, of my trades end up having a 0 risk. Many more end up have a .25 pt or .50 pt actual risk.

 

For instance, say i make 4 points on an ES TRADE. Say after entry the market only actually goes against me by .25 pts before giving me the 4 pts. What is my actual RR ratio? See what i mean?

 

However, initial risk should be at least with a RR 1:1 and better if 2:1 because depending on skills in picking trades math can still take a trader to the cleaners...and will on bad initial RR.

 

High actual RR in short term trading is indicative of good precise picking of trades. In the end what counts mathematically in terms of risks and an account growing is ones actual risk as opposed to ones initial risk. Actual RR ratio trumps initial RR IMO. Math is relentless and in the end determines an account growing or being whittled away.

 

Long term trading generally has a 40% probability of success. Short term can be 60% or 70% and at times more. I actually have a very high win rate.

 

I understand what you are saying on noise. My argument is that noise can be anticipated and is actually easier to predict than longer term price action...because of the fact that it is noise and shows up a such in a chart...that is why reversion systems work on the ES for short term trading...it tends to revert quiet often...

 

Plus on short term trading with size you can make your money and be done very quickly for the day. Many times in the first hour of trading. Not so with end of day trading.

 

My thinking on it is thus: the longer I am in the markets the more risks i assume in terms of probabilities of the market going against me as time slithers by (not dollar risk as that is fixed if i don't move my SL). I am ONLY at risk when i am in the market.

 

Anyway there are generally several ways to skin a cat.......so to speak.....trading also needs to fit ones personality...glad EOD works good for you.. Not sure i could handle it. My main point is that not trying for big move does not exclude one making good money from the markets. Paul Rotter comes to mind who made 65 million or more per year for 10 years scalping 2 to 5 ticks. But again that kind of trading isn't for everyone. I personally like to scalp 1 to 4 points and occasionally will let it run more if PA doesn't indicate large pullbacks. The larger scalps i call swing scalps (when more than one leg..i.e. i hold thru at east one PB)

Edited by Patuca

Share this post


Link to post
Share on other sites

Well there you have it.

Two well written posts .......Mr Patuca , on scalping/ short term trading

And Mr Horseshoes on longer term/ end of day trading.

Maybe this should be moved to a new thread to allow others to comment

regards

bobc

Share this post


Link to post
Share on other sites

Trade:

Contract: GC

Entry Signal: Short

Entry Price: 1391.6 (red triangle)

Exit Price: 1390.6 (green triangle) Target

Entry Time: 5:50 A.M. (PST)

Ticks: +10

 

lvpg.jpg

 

 

Trade Results: 10 Trades. 9 Wins / 1 Loss. Ratio: 90%. Ticks: +76

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

 

quick question and I admit I didn't read all the answers on the thread......is the entry being made at the opening of the candle?

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

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. 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 HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   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 Leveraged 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.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

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