Displaying items by tag: day trading

Implementing the Ross Hook into your Trading Style

"What you have in this book, dear reader, is a completely integrated trading methodology for the markets. Not one or two pieces of the puzzle, but rather the Big Picture. This allows the majority of you, for the first time, to become the artist rather than the canvas.  I firmly believe that Trading the Ross Hook is the best book ever written on the subject of profitably trading." ~ Dr. Bruce W. Roman

Using his discovery of the Ross Hook as the nucleus for his trading approach, Joe Ross goes beyond his admirable chart-reading abilities to include the pivotal, sine qua non of any successful business endeavor, money and trade management. In this book, Joe puts the light over the often-repeated, yet never operationally-defined trading axioms. Most notably these include, “Cut your losses and let your profits run,” and “Trade only with the trend.”

Trading The Ross Hook reveals Joe’s trading approach, which has enabled him to trade with very low risk, often much lower than you can imagine. It's the essence of almost 60 years of experience in trading. Most surprising of all this approach, which has kept him very safe in the markets, and has also been unusually profitable year in and year out.

It is with diligent study of the concepts presented in this book, that you will be able to incorporate what Joe shows you and make it a part of your way of trading, fitting in with your own style and comfort level.

Trading The Ross Hook Highlights and the Benefits You Receive:

Identifying the Ross Hook, the Trend and Congestions

You learn exactly what Ross Hooks are and see their origins and what causes them to occur. Joe shows you step-by-step how to correctly identify them as there are several “pointy” places on a chart, but not all of them are Ross Hooks. You will learn why Ross Hooks occur only in trending markets and also the conditions in which a Ross Hook is nullified.

Joe will give you the tools and the set of rules, according to which, you can clearly identify whether you are in a trend or in congestion. You will be amazed by these simple rules that have actually worked long before Joe started trading, and are still working today.

Trend Reversals

You will learn what the Reversal Ross Hooks are and how they can help you with spotting trend reversals. Joe has been using a method with great success for spotting a trend reversal by using additional filters. He will teach you the method in great detail, and you will learn the three conditions that must be met in order to enter a trade in the opposite direction of the initial trend.

The Traders Trick, Placing Objectives and Stop Loss Stops

In this module you will find out not only the purpose of The Traders Trick Entry and how you can benefit from it but also what made it so famous. The Traders Trick is designed to beat the insiders at their own game, or at the very least to create a level playing field on which you can trade. Trading is a business in which the more knowledgeable have the advantage over the less knowledgeable.

Joe will show you precisely how the insiders take advantage of what they know, but also the way in which you can profit from what they know, and do in the markets. Joe challenges you to think like you were a large operator, and you want to make the market move sufficiently for you to take a fat profit out of it. You will learn how markets are engineered by the market movers.

Once the market nears the high in an up-move, practically everyone wants to be in on this miraculous move, but this might be their most costly mistake. It is also very important to realize what may be happening when a market approaches a Ross Hook after having been in a congestion area for awhile. Joe will teach you the most insightful actions you can take in order to profit from both such situations. All these are illustrated with several charts as examples.

Filtering the Ross Hook in Several Ways

Joe teaches you how to get the overall picture of the markets. You will filter out many intraday trades simply because your view of the market shows you that there are better candidates for a winning trade somewhere else. The work necessary for conservative filtering is in itself a filter that you are going to incorporate in your trading style and routine.

Bottom line, you must select the best of the best trades in order to be successful in the markets. You will learn how to create your checklist that asks specific kinds of questions that prepares you for your trading day. Joe shows you various techniques for filtering, including usage of his famous Envelope but also some of the more popular studies like Stochastic and Bollinger Bands.

Money, Trade and Risk Management

Most traders lump together all these three notions as money management. They are actually separate entities and Joe will teach you how to treat them as such. You need to have a clear trade management strategy to know what kind of entry orders to use and how to place them. You will then learn how to place stop orders, both protective and objective, and your final exit order.

Joe will show you risk management strategies and tactics for covering costs, position sizing, and risk and loss minimization. You will know how to time your trade and what to expect from it. You will not lose more per contract than you can comfortably afford when trading the Ross Hook. You will be able to utilize the Ross Hook for day trading, position trading, swing trading or all three, regardless of the time frame you trade.

Words to the Wise

It is important to be realistic about your trading if you want to have a trading business. Joe emphasizes the importance of being properly capitalized and what exactly that means. Having access to intraday live data is also required but that is not all: you must also accommodate your time and your life style for trading.

Chapter after chapter, and example after example, show you how his students are successfully trading Ross hooks using simple studies that can be found in most trading software packages. Then you see how Joe personally trade hooks, using chart reading, without technical indicators or technical analysis of any kind.

This Book has Become a Classic in the Field of Trading

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"This is by far the best book I've read about trading. And I have many books by some of the best known, so-called "experts". The author takes you step by step through a trading methodology called the "Ross Hook". There is no "fluff". Only real life, usable information. I really learned a lot from reading the sections on trade management. What an eye opener! I highly recommend this book to anyone who is tired of all the hype and misleading advertising that is done in this industry, and wants a real trading system to work with. It is very refreshing to read a book on trading that actually shows you, in precise detail, how to trade. Forget about vague and general "rules". You will learn techniques that you can take to the bank!” ~ Mark H.

"The most comprehensive book Joe Ross has ever written. A completely integrated trading methodology for the markets, with the "Ross Hook" discovery as the nucleus for his approach. Gives the "Big Picture," not one or two pieces of the puzzle.” ~ windsorpublishing.com

"This book gives a detailed and accurate method to trade any market and if followed can save much heartache. No fancy mathematical confusion. Just read the pattern and practice seeing the patterns forming. After more than ten years of reading about trading Joe's method distills the very essence of chart reading for practical application." ~ J. Potts, Australia NSW

$175.00

Trading the Ross Hook Hardback Book

Dimensions:  H 11 1/4" x W 8 5/8"

365 pages and over 200 illustrations

30-day Money Back Guarantee*

Hardcover only

*If you aren't absolutely thrilled with Trading the Ross Hook, just send it back within 30 days and we'll refund 100% of your purchase price (less s&h).

A Complete Day Trading Course in One Book

"Joe and I have been friends for some time.  We have collaborated on trading techniques, so I know of his dedication to the market.  But in this book we see the other side of Joe -- the instructor of the grand style.  He is teaching us "How to Fish." ~W. E. Dalton, MD

This book is a must-read for every serious day trader. It's the essence of Joe Ross' experience of well over five decades of trading the international markets. Although the focus is on day trading, it teaches you methods and concepts that are applicable in position trading as well.

Many traders fail because of a wrong mindset and the fact that they don't know where to start or what to expect as an outcome. This could be the most important book you’ll ever read. Joe has organized it in a clear, step-by-step manner. Instead of being overwhelmed, you'll have a clear trading plan. You'll know exactly where to start, what to do next, and where you can realistically expect to end up.

Day Trading Highlights

Chart Reading

This covers what you need to know about the "Law of Charts" and the simple tricks of how to use it in your trading.  "A chart is a chart is a chart." The immediate psychology of a market is reflected in the price action. You don’t really need any indicators. We'll show you how a bar chart can reveal very powerful price patterns when you understand the proper interpretation and implementation.

Identifying Congestions and Trend Finding

In trading, it is equally important to be able to recognize congestion at the earliest possible time, and to identify a trend before everybody else sees that it is happening. We call it "identifying a trend while it is still in the birth canal," and shows you several methods of doing just that.

Markets are in congestion areas much longer than they are in trends. The early parts of the book center almost entirely around congestion areas, which may be seen on any chart in any time frame. Later in the book, the concepts and the techniques taught center around trending formations.

Let us show you how to spot the very beginning of a trend, and how to successfully enter existing and established trends. You will see and learn very simple and basic ways to trade. The main features of our methods show you early in the game what might happen next, and thus gets you on board a trend while it is "still in the birth canal."

Your own Trading Plan

You will find out if day trading is or is not suitable for you. It takes certain character traits and certain trading techniques to be a successful day trader. We'll described these, and also how you should combine them so that you write and follow your own trading plan. You will understand why you must want it your way, and why you should take only trades that "have your name on them."

The trading plan includes all the preparation and the actions you will take, such as: establishing entries, all potential orders, setting alerts, accommodating for gap openings, and, if you are filled, what you do until the exit of all your contract sets.

Trading Mindset

In Joe's unique way, he shows you how your own mind can help you become a successful trader or can break you apart. Trading is mainly a psychological endeavor, and the way you perceive the markets, coupled with your emotional reactions, actually determine your success or failure as a trader. It's simple advice to anyone who wants to trade: work to learn how to understand price movement.

By using powerful real life examples, we can demonstrate why trading has to be simple, despite the example of most traders who are in a never-ending search for complicated methods. Also, demystifying several relevant, but confusing concepts, such as those of "support and resistance," "oversold and overbought," and some of the overly used indicators that are not needed in order to trade profitably.

Entry Signals

We reveal major, minor, and intermediate intraday trading signals showing you exactly what they are, and explain why they are important. When you day trade, you want explosive moves after your entry. It is therefore crucial to scale down entry signals based on different time frames so that you get the greatest magnitude of movement once in the trade. This is a unique approach that has been developed and refined over decades of trading.

Searching Out the Best, and Trade Filtering

One of the most important things that any trader can learn to do is to identify the best trades. These can differ from one person to another because we see trades differently, and not everyone trades in the same way. But everyone can learn to recognize what happens in the markets that result in successful trades. Then the trick is to stick to it like glue - until it stops working.

We'll show you exactly what to be comfortable with, while keeping your trading as your own.  Examples going into full details of how you should see the whole trade setup, how to think, and select the trades, so that you can adapt that knowledge to your own comfort level.

Let us explain how a trading filter serves several purposes. You will learn how to use a trading filter to calibrate your stop, and to avoid false breakouts as well. You will be able to anticipate breakouts, and thus get into the trade earlier than you might otherwise have done.

Risk and Money Management

We will show you one of the finest points of Joe Ross' trading: his philosophy of money and risk management. These two concepts overlap, and yet they are different. Risk management says "I can afford to risk only so much," while money management asks "What can I expect to make for the risk I have taken?" You will understand why he says that trading is a business and why, the sooner one treats it that way, the sooner one will become a winner.

Placing Stops

The most frequent question we have been asked at Trading Educators is "Where do I put my stop?" Stop placement is a function of a number of variables. There are three kinds of stops: protective, objective, and time stops. It is vital to understand the role of each of these stops and to use them accordingly within your own trading plan.

Unfortunately, most traders place stops where they don’t make any sense, such as at a certain percentage away from the entry.  We'll teach you how to place your stops in a practical manner that takes into consideration both technical factors and your own comfort level.

Brokers and Commissions

There is nothing more important in day trading than to have a responsive, accurate, reliable broker handling your account. Offering you several real-life examples of our experiences with brokers that will really make you think. He helps you consider all the vital factors such as commissions, margins, speed of execution, and reliable customer service when you desperately need it.

You will understand why brokers are in this business. You really need to know how to take advantage of your broker’s strengths, and how to avoid losing money because of their weaknesses. You will learn how to choose a reliable broker and build a solid relationship with him or her, one that works well for you.

E-Mini S&P 500 Trading

We dedicate a section to traders who like to day trade the E-Mini S&P 500, but starts it with a word of caution: we have seen too many otherwise good traders destroyed by trading the five-minute chart in the S&P E-Mini. Getting into the E-Mini is like stepping into the ring with a rattlesnake: you can be bitten quickly, and when you least expect it.

We will show you several examples, so that you realize that trading with the short term charts requires making decisions quickly. You have plenty of examples of preparation for the trading session, entry signals, and trade management. You learn why you don’t have to trade too often and too much, especially when trading the E-Mini. We'll also show you why trade selection is in large part responsible for trading it successfully.

g>Forex Trading

You will learn what Forex is, why it exists, and the main terms that characterize a forex trading account. We then tell you the most important things you need to know about forex regulation and brokers. You need to know the concepts and the realities of how a bucket shop operates, about the leaning and skewing of prices, as well as the myths of "free streaming data" and the "guaranteed fills".

There is a full chapter dedicated to a forex method that Joe Ross uses. You will learn in detail the 19 rules of the method, and be guided through preparation, entry, risk management, and profit management. There are several chart examples and detailed instructions accompanying each rule.

Day Trading and Position Trading

At the beginning of the book, Joe takes you through the definition of day trading, and compares it with position trading. We'll show you the similarities and the differences between the two. You learn the advantages and the disadvantages of each of them. You discover the benefits of one over the other. But most importantly, you learn that "a chart is a chart is a chart," and that's why the techniques and the concepts shown in this book work in both day trading and position trading.

Day Trading is a complete revision of Joe's classic Trading by the Minute, one of the most popular books on intraday trading ever written. It has become a classic in its time. This revised book is a day trading course that is a "must read" for online day trading.

If you are an online electronic day trader, you will refer to this book time and time again. Joe has taught thousands of people how to day trade.

Commonly Asked Question

What's the difference between the Day Trading book, the Day Trading E-Mini S&P 500 eBook, and the Day Trading Forex eBook? 
The Day Trading hardback book is a full-sized textbook that is loaded with lessons, examples taken from real trades, and reveals many concepts to succeed at trading.  The Day Trading E-Mini S&P 500 eBook teaches you how to day trade in almost any market, along with some concepts that go beyond what is in the Day Trading book, and focuses specifically on the E-Mini S&P 500.  The Day Trading Forex eBook teaches concepts that are not in the other two products; it can be used in a variety of markets, but focuses on Forex. 

Learn Master Trader Joe Ross' Tricks and Inside Information from this Book

► Table of Contents

"I would recommend Joe's book on day trading to anyone interested in learning about this subject and wants to hear about it from someone who practices what he preaches. It is apparent from the book that Joe knows the reality of trading markets rather than the theory. I have recently assessed my trading for the last 3 months and am beginning to (at last!) turn in a profit. This is due partly to the help given in this book. Thanks Joe!"  ~Jon Martin

"This is a WONDERFUL exposition of what it takes to be successful in the trading profession. Rich in its descriptions of proper ATTITUDE, THOUGHT PATTERNS, and SELF-KNOWLEDGE --- all of them the keys to profit. Just as valuable is Joe's placing indicators, high-powered math, statistics, and complex theory in their proper perspective, namely that they are typically DISTRACTIONS rather than aids, in comparison to learning THE DETAILS of price action. In the same vein, Joe emphasizes the value of DISCRETIONARY trading compared to MECHANICAL trading, making the point that since all markets change over time, sooner or later a rigid, inflexible system not being able to adapt, will fail." ~Bill Schenker

$150.00

Day Trading Hardback Book

Dimensions:  H 11 1/4" x W 8 5/8"

327 pages

30-Day Money Back Guarantee*

Hardcover Only

*If you aren't thrilled with Day Trading, just send it back within 30 days and we'll refund 100% of your purchase price (less s&h).

Master Trader Joe Ross shows you how he does it!

"I hate to see so many aspiring Forex traders losing their money. Why do they have to make everything so complicated when, in fact, it’s not at all hard to win? In this eBook I show you trips and traps of Forex day trading. You need to know them in order to avoid the fate of so many other traders."   ~ Joe Ross

Message from Joe Ross

I’ve been trading Forex for many years, even before there was such a thing as retail Forex, and before more and more people decided to become Forex traders. Trading Forex is heavily marketed and popular, but it is also deadly. The correspondence I receive attest to the fact that most people who attempt to day trade Forex are losing their money. The turnover rate is atrocious. Because of the pain I’ve seen, I decided that I will show you how I day trade the currency pairs.

Learn where to find more safety in your trading, and where the greatest Forex profits are made. The Day Trading Forex eBook gives you detailed answers to vital questions, such as knowing which currency pairs to trade, which time frame to use, and where to set your profit-taking objectives and your protective stop.

Day Trading Forex Highlights and What You Can Learn:

Chart Reading – The Law of Charts

You will learn to identify the basic formations of The Law of Charts: what they are, what they mean, and how to trade them in the Forex market. You will see how I trade the Ross Hooks and consolidations. I reveal a fantastic way to implement The Law of Charts (TLOC), namely the Traders Trick Entry (TTE), together with simple ways of using it in your trading.

I always like to remind traders that "a chart, is a chart", and Forex charts are no different from any other kind of chart.  Forex charts show you human emotional reaction to the movement of prices. It’s the same as with stocks or futures charts. As they say, "a picture is worth a thousand words."  On that basis, you are going to find many thousands of words in this eBook. It will truly help you to understand and implement The Law of Charts in your trading.

Identifying Consolidations and Finding Trends

Are you aware that currencies trade sideways 85% of the time? Do you know how to make money when they are doing just that?  Please take a look at the chart below: do you know what it means when prices have formed as between the two red lines below?

You will find the answer to that question, and many more. It is vital to recognize congestions at the earliest possible time. In fact, you'll see how to identify sideways markets before anyone else realizes they are beginning to consolidate. In order to do that, the book has been "loaded" with graphic examples.

Your Own Trading Plan

Please look at the chart below: do you know why someone sold at the red arrow and someone bought at the white arrow? You will find out why in a fascinating way, through the help of a single graphic representation. You will discover precisely where to have your entry order, what your initial objective should be, and where to best place your protective stop.

You will learn to set up your own trading plan simply by using price charts, and with almost no indicators. The ones used will greatly help you in filtering and managing your trades, but your main focus will be on the price action as seen on the chart. Charts will also help you figure out which pair to trade, and which time frame best fits your comfort zone.

Trade Management and the Costs of Running your Trading Business

It is not only risk management that you need to know about in order to successfully day trade Forex. You will learn other aspects of management, things that most traders ignorantly ignore. For example, you will learn how business management, risk management, trade management, and personal management are all part of the picture, not just money management. This information alone will save you thousands of dollars. You need to know the concepts and the realities of how a "bucket shop" operates, about the leaning and skewing of prices, as well as the myths of "free streaming data" and the "guaranteed fills".  It’s all true, as will be explained to you. You will also see that Forex trading is not without heavy overhead in the form of the spread you pay to trade. You will discover the most important things you need to know about Forex regulation and brokers.

Commonly Asked Question

What's the difference between the Day Trading Hardback Book, the Day Trading E-Mini S&P 500 eBook, and the Day Trading Forex eBook? The Day Trading book is a full-sized textbook that is loaded with lessons, examples taken from real trades, and reveals many concepts to succeed at trading.  The Day Trading E-Mini S&P 500 eBook teaches you how to day trade in almost any market, along with some concepts that go beyond what is in the Day Trading book, and focuses specifically on the E-Mini S&P 500.  The Day Trading Forex eBook teaches concepts that are not in the other two products; it can be used in a variety of markets, but focuses on Forex.  

"Day trading the E-Mini can be a full-time career for any trader; if you are going to day trade, you may need nothing more than the E-Mini. In this eBook, Joe Ross shows you a better, most sensible approach to day trading the E-Mini, based on my own trading experience." ~ Joe Ross

The E-Mini has become the premier market for day trading by retail traders and can be a full-time career for any trader. Day Trading the E-Mini S&P 500™ eBook introduces techniques and methods for day trading the E-Mini S&P 500 futures developed by Joe Ross. After you absorb these lessons additional trading education is available via books, webinars and private tutoring to become a profitable E-Mini day trader!

What do you need to get started with E-Mini trading? For the most part, all you need is a set of charts. No technical studies for trading this market are needed. By the third or fourth bar inclusive of and following the opening, you can sit back to enjoy the fantastic trading patterns made by the E-Mini as it marches towards its session close. Find these secrets in the Day Trading the E-Mini S&P 500™ eBook. 

The Day Trading the E-Mini S&P 500™ eBook will teach you:

• Preparation – plan for success
  • Steps to prepare each day for when the market opens.
  • What considerations to look for early.
  • How to think like a “market mover” and see through the charts.
  • Set healthy expectations and use sound trade management.

• Expectations – the right mindset is crucial
  • Learn to understand market situations.
  • Learn to form healthy expectations from each day and situation.
  • Learn when to trade and when to stay away.

• Tools of the trade – execute trades successfully
  • Chart reading – learn how to read charts and understand reasons prices are moving.

  

  • Trade selection – review the trading session and entry signals. Successful day trading strategy relies largely on trade selection.
  • Trade management - learn how to set objectives and how to set protective stops, including how to know when to exit immediately.

• Timing – is everything
  • Morning – learn when to leverage E-Mini trading in the morning.
  • Afternoon – learn when to leverage E-Mini trading in the afternoon.
  • Slow Times – learn what to do when markets become slow.

• Trading without indicators – is entirely possible
  • Learn to trade with or without indicators on charts.

  

Take a Sneak Peek at topics included in Day Trading the E-Mini S&P 500™ eBook with the Table of Contents.

"Joe, I'm very glad that you spent the time to write a new actualized book on how to day trade the E-Mini. It reveals new insights on how to analyze that market and especially important on how to manage the trade properly. In my opinion it's a very helpful supplement to your hardbound Day Trading Book you wrote some years ago. I read all your books you wrote in the past regarding trading futures and I never regretted it. In fact, I learned so much from it I'd never had learned anywhere else. So, your eBook is no exception - great insights and extremely useful for becoming a successful trader. That eBook isn't for the shelve but really for the daily use on my trading desk!"  ~ Stefan N., Germany

"Joe's approach is simple, straightforward and, most of all, it works. I've taken the same approach and applied it to forex and it works! I've purchased all of Joe's trading books and have never regretted a single purchase."  ~ Chris H., Japan

"It’s good solid information...just as you would expect from Joe."  ~ Alan B., France

"Just fabulous! Thank you so much Joe. After 3 years of trading, I'm finally coming out of the wilderness. I now understand exactly where I was going wrong. SO simple, but yet so difficult to see without Joe's help."  ~ Eloise G., Australia

$127.00

Day Trading the E-Mini S&P 500™ eBook

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