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Edition 937

June 24, 2022

 

trading education

 

Dear Traders,

Master Trader Joe Ross passed away September 2021, and prior years he was continously sending me folders filled with Chart Scan and Trading Articles. The emails would be titled "More to follow" and I would reply, "Keep'em coming". I am calling these lessons "hidden vault" material because if Joe were still alive, this is exactly what would be shown in your inbox every Friday morning. This is not regurgitated material; this is new stuff written by Joe or as he would refer to it with such passion, "This is good stuff". 

As we continue to receive newsletter sign ups, new students from every continent will start to learn trading Joe's way especially in this challenging market. This is where he would reinforce to his students, yes, that includes you, that learning to trade is possible even in this environment, "A chart, is a chart, is a chart".  His writings will stand the test of time to provide teaching lessons and guidance.

The proceeds of Trading Educators will continue to support Joe's wife, Loretta, of 62 years of marriage, which she is our number one priority.  We thank everyone with continued support and prayers for her well-being in late stages of dementia.

As expressed in the past editions, the trading world has lost a unique and passionate trader and his material will continue to be relevant.  Let's start learning to trade Joe Ross' way with our future Chart Scan publications. I am here to help, so feel free to email me with any comments, questions or concerns.

All the best,
Joe Ross' daughter Martha Ross-Edmunds
Martha Ross-Edmunds

 

 

 

"Truth in trading is rarely pure and never simple."  Master Trader Joe Ross

 

 

 

Master Trader Joe Ross shares trading education

Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  2nd Time Through

Question: Did I mark second time through correctly? Answer: Yes, it was done perfectly.

I get a lot of emails about things I've written concerning "second time through." The concept of second time through is important for trading, regardless of time frame. Consider this: on a percentage basis, the first time through a congestion is usually nothing more than stop running. However, once the stops have been run, the next time through is often reflective of a real move.

Joe Ross shares trading success with Trading All Markets and Ross Hook trading methods example trading education

It's important to know what you are seeing. That's why chart reading is, in my opinion, more important than any other trading ability. You see prices drop down to form a very tight congestion. Next you see stop running to get the stops above the congestion as well as those above the high that preceded the congestion. The first time through the low of the congestion is nothing more than stop running. But the second time through is the real move. The low at 7956 is taken out, and prices drop like a rock. In my book Trading the Ross Hook, I give many examples of trading the second time through a Ross Hook. How to understand and handle stop running is covered thoroughly in my online recorded webinar Trading All Markets. If you don’t know where the stops are, you have little chance for success in the markets.

© by Joe Ross. Re-transmission or production of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

 

25% OFF

TRADING THE ROSS HOOK

OWN YOUR COPY TODAY!

Trading Educators is offering 25% off Joe Ross hardback book.

Use Coupon Code "ross25" During Checkout

25% OFF

 

 

 

50% OFF

TRADING ALL MARKETS
RECORDED WEBINAR
BY JOE ROSS

Take advantage of 50% the Trading All Markets Recorded Webinar, own your copy today!

USE COUPON CODE "TAM50" DURING CHECKOUT

50% OFF

 

 

 

Master Trader Joe Ross shares trading education

Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Missing a Move

Whenever we miss a big move and then try to find some pattern, indicator, rationale, or modification to make to what we are doing so that the next time we will...read more.

© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

 

 

Where are my links to Joe Ross' two free eBooks?  Not received - send an email for the links!

 

 

Philippe Gautier shares his Instant Income Guaranteed trading education

Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

ETSY (Etsy Inc.) Ratio Spread

Lately we have been giving the priority to ratio spreads which behave much better in a down market with their embedded bearish component (debit put spread). They also give us the interesting opportunity to make more than our initial credit. And with the frequent spikes in implied volatility, we have much more opportunities to enter those trades.

On 16th May 2022, we opened ETSY Jun 17 2022 +70P/-2*65P for a credit of 0.85 per spread. We could close the trade in 2 steps, for a credit of 0.05 on 31st May 2022, and a debit of 0.30 (or 30$ more than our initial credit) on 10th June 2022. (Had we stayed a few days more in the trade, we could have made even more profit, but that was only possible on 16th June 2022, after that the extra profit was gone on expiration day).

Overall we made 97.50$ profit per spread and an annualized return on margin of 136.88%. Our spread was very stable during the life of the trade in spite of the overall market volatility.

Philippe

Joe Ross and Philippe Gautier share trading success with Instant Income Guaranteed options selling example trading education

 

65% OFF - NOW is the Time!

 Join Master Trader Joe Ross' Instant Income Guaranteed (IIG) program which rolled out on December of 2014.

This program will continue until September 30, 2022 so take advantage to learn IIG's option strategies with Philippe Gautier's master mind within his detailed guidance.

Use coupon code during checkout:  iig65

Includes 2-Months FREE of Detailed Guidance
(BONUS - Starts after completing Joe's online courses.)

IIG Performance Record Updated!  Check it out:  Performance Track Record

© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
 

 

 

 

Andy Jordan Educator for Futures Trading Strategies on Spreads, Options, Swing/Day Trading, and Editor of Traders Notebook

Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, and Day Trading, and Editor for 20+ years with Traders Notebook, daily advisory newsletter.

Trading Article:  The Best Trader in the World

‚ÄčIf you had to describe the best trader in the world, who would that person be? What qualities would he have? Take a moment to envision him. This is important because this is the person you want to be, so you need to have an...read more.

by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

 

 

 

 

Marco Mayer shares trading success with Ambush Trading Method example trading education

Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading MethodAmbush Signals, and Head of AlgoStrats.com

 

Update on Day Trading the E-Mini Russell 2000

One of the top markets over the last couple of years for Ambush Traders has been the Russell 2000 Future. It doesn't matter whether you traded the E-Mini or the E-Micro contract - you surely had a perfect time! So I thought it was time for an update on its performance, how did we do this year so far?

Here's a daily chart of the E-Mini Russell 2000 (RTY, traded at CME), showing the last couple of months of trading. As you can see this market did what markets do 90% of the time, which is why Ambush is such a great trading method. Now how do you trade that mess? Looking for momentum here or a trend? Good luck! What works? You have to ambush these markets!

It amazes me how great Ambush is in getting in at exactly these swing points. Have a look for yourself:

Marco Mayer shares trading success with Ambush Trading Method example trading education

The edge of Ambush is that we get in on such days BEFORE everyone else does when the swing-point is already in place. We participate and profit from those coming in later when the move is often already over (thank you guys!).

Here are the results of these trades, trading only one RTY contract:

Marco Mayer shares trading success with Ambush Trading Method example trading education

 

Marco Mayer shares trading success with Ambush Trading Method example trading education

Yup, that's over $16k profits with a drawdown of only 4k with just about 40 trades. This gives us an average trade profit of almost $430 and a profit factor of 2.1! This means we had 2.1 times as much profits as losses within that period. That's something, isn't it?

Now the E-Mini Russell 2000 Future is a large contract and not suitable for small accounts. But you can do these trades also in the E-Micro Russell 2000 which is just 1/10 the size and more than liquid enough for Ambush Trading. Remember we don't get in and out of the market 10 times a day and make our brokers rich. We place our order once a day and walk away till the close!

That's what makes Ambush Signals so great, it works with any account size offering three subscription models depending on your goals.

Notice that all of these are actually day trades, even though they're based on end-of-day trading decisions. Ambush is exactly that, an easy way to day trade not for a few tiny ticks with a lot of stress but placing your trades once a day, walk away, and go for the big intraday moves!

Don't miss the next trade and join Ambush Signals today!

Happy Trading!
Marco

 

 

The Ambush Trading System was created in 2007 by Marco Mayer.  Since then it proved itself in the markets for over a decade and did so with exceptional results. It's the only trading system we're aware of that is still going strong after so many years.  While Ambush is a day trading system, meaning you will always enter and exit on the same trading day - you don't have to sit in front of your trading screen. You simply place your entry orders when the trading session starts and come back at the close!

LEARN MORE - AMBUSH SIGNALS

by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.

 

 

 Join Master Trader Joe Ross' Instant Income Guaranteed (IIG) program which rolled out on December of 2014.
This program will continue until September 30, 2022 so take advantage to learn IIG's option strategies with Philippe Gautier's master mind within his detailed guidance.

NOW is the time!

65% OFF
Use coupon code during checkout:  iig65

Includes 2-Months FREE of Detailed Guidance which starts after completing Joe's online courses.

Check out IIG's Performance Track Record

We hope you will join our IIG trading team!

 

 

50% OFF

TRADING ALL MARKETS
RECORDED WEBINAR
BY JOE ROSS

Take advantage of 50% the Trading All Markets Recorded Webinar, own your copy today!

USE COUPON CODE "TAM50" DURING CHECKOUT

50% OFF

 

 

 

25% OFF

TRADING THE ROSS HOOK

OWN YOUR COPY TODAY!

Trading Educators is offering 25% off Joe Ross hardback book.

Use Coupon Code "ross25" During Checkout

25% OFF

 

 

About Joe Ross

Even though Master Trader Joe Ross passed away September 7, 2021, his trading knowledge of over 60 years will carry a trading legacy and will live on.  As you learn about Joe Ross and understand what he was trying to teach his students, you will find that within his writings, he had a very special gift. Most importantly, it was his students that kept him striving to provide comprehendable trading material to actually teach traders and become independent, to rely on anyone, but themselves.

Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He was able to survive all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.

Master Trader Joe Ross shares trading education

Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of "The Law of Charts™" and the "Traders Trick Entry™." Joe was a private trader and investor for much of his life, but a serious health situation in the late 80's caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach.

Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: "Your mastery of teaching is even greater than my mastery of trading".

Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in "Who's Who in America." After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company's newsletter Chart Scan™.


Joe's philosophy for helping traders is:

"Teach our students the truth in trading - teach them how to trade."

"Give them a way to earn while they learn - realizing that it takes time to develop a successful trader."


Joe sets forth the mission of Trading Educators as follows:

To show aspiring futures traders the truth in trading by teaching them how to read a chart so that they can successfully trade what they see, and by revealing to them all of the insider knowledge they need in order to understand the markets.

To enable them to trade profitably by training them to properly manage their trades as well as their mindset and self-control.

To accomplish our mission for our students we educate them so that they know and understand:

Benefits for our Clients:

  • Where prices are likely to move next.
  • Independence from complicated trading methods, magic indicators, and black-box systems.
  • Independence from opinion, anyone's opinion, including their own.
  • Independence achieved through knowing how to read a chart.
  • Independence through having knowledge of insider actions.
  • Independence achieved by taking holistic and eclectic approaches.
  • Independence coming from knowing how to manage both the trades and themselves.
  • Independence because they understand and trade what they see.
  • Independence because they have learned how and why prices move as they do, through studying the truth in trading and the truth about markets.

Students learn only proven methods and techniques, which helps them to preserve capital and create more consistent profits; they are offered simple methods that will assist them to earn while they learn.

  • They learn to work smarter and more effectively.
  • They learn to treat trading as a business; we offer no Holy Grail or magic systems.
  • They learn to adapt to changing market conditions.
  • They learn a systematic approach to trading rather than a mechanical system for trading.
  • Why prices will move there.
  • Who and what cause prices to move.
  • How far prices are likely to move when they do move.
  • Their own role in the movement of prices..
  • How to take advantage of the knowledge they receive.
  • How to properly manage and exit a trade which they have entered.
  • How to manage themselves and acquire the discipline needed to become successful traders.

Read some personal testimonials which Joe has received.

 

WE APPRECIATE YOUR TRUST IN US AND THANK YOU FOR YOUR BUSINESS!

Check out our Blog!

To view previous published Chart Scan newsletters, please click on the "newsletter" button located at the top of our website.

A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created by using Genesis Financial Technologies' Trade Navigator (with permission).

Legal Notice and Copyright 2022 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

 

This newsletter and future publications are created to keep Master Trader Joe Ross' lessons readily available to traders that want to learn and improve their skills.  My father passed away on September 7, 2021 and will be greatly missed, but his writings will stand the test of time for generations to come.  Take it to heart and learn from the best through Master Trader Joe Ross' trading examples and articles which have impacted thousands of traders on every continent for over 60 years.

Happy trading,
Joe Ross' daughter Martha Ross-Edmunds
Martha Ross-Edmunds

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent

 

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.