Joe Ross, Trading Educators

Oct 23, 2008
1
0
11
Maryland
#1
Hello,

I'm new to this forum and would like to know if anyone has taken the Joe Ross Day Trading Online Video Seminar or attended any of his seminars recently, i.e., as of October 23, 2008; if so, I would appreciate your honest assessment. I'm trying to determine whether his methodologies are still relevant today and how successful anyone is using them.

Thanks for taking the time to respond back.

Rocky
 

ZEPPO

Active member
May 19, 2005
335
11
28
Rochford
#2
Hello,

I'm new to this forum and would like to know if anyone has taken the Joe Ross Day Trading Online Video Seminar or attended any of his seminars recently, i.e., as of October 23, 2008; if so, I would appreciate your honest assessment. I'm trying to determine whether his methodologies are still relevant today and how successful anyone is using them.

Thanks for taking the time to respond back.

Rocky
I have never taken any of Joe Ross courses, but then I don't need to; his Ross Hook still works, as it is one of my favourite entry strategies, specially when combined with Bollinger Bands.
A few years ago Ross sent a trading manual of some 31 chapters via the net on a forthnightly basis, that is, a chapter per two weeks.
That's where I learnt about the Ross Hook and The Law of Charts.
His others products are not cheap, so I would expect the same about his seminars.
Hope this helps.

Eduardo.
 
Apr 13, 2008
65
1
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#4
Hello,

I'm new to this forum and would like to know if anyone has taken the Joe Ross Day Trading Online Video Seminar or attended any of his seminars recently, i.e., as of October 23, 2008; if so, I would appreciate your honest assessment. I'm trying to determine whether his methodologies are still relevant today and how successful anyone is using them.

Thanks for taking the time to respond back.

Rocky
i havent attended any Guru Joe Ross seminar but i believe that he is a sincere teacher who wants to help traders.
 

egro1egro

Active member
Jun 5, 2006
123
7
28
London
#5
Ross Hooks and the law of charts look very mechanical and simplistic(if not primitive) tools. Therefore, it should be fairly easy to test automatically? And automaticall I tested them. Backtesting results were not encouraging. Looks more like ...hm... randomly profitable. Perhaps, somebody modified it in a profitable way. But then - why do you need Ross? Take any random signal/indicator and modify it in a way to make profitable.

Also, given a randomly generated chart I can still recognise hooks, congestions, trends, retracements.

Of course, things might be completely different on his seminars, but judging from what I've got I would expect just more talk.
Going on a seminar to get an "eye-opener" is naive at best. There isn't any objective criteria to see immediately whether a system works or not right in the classroom with your own eyes. You need statistical tests to distinguish between noise and signal, but Ross is no help in this.

Ross doesn't seem to know math/statistics/probability/signal processing/econometrics etc... I don't think trading can be done without proper statistical testing. But then you would need confidence intervals, error estimates etc...
Surely, it is very tempting to just give up your job and hope to manually on a hunch trade your way out.

Trading has to move from subjective to objective and Ross's material is childish in my view.
 
Apr 13, 2008
65
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#6
Ross Hooks and the law of charts look very mechanical and simplistic(if not primitive) tools. Therefore, it should be fairly easy to test automatically? And automaticall I tested them. Backtesting results were not encouraging. Looks more like ...hm... randomly profitable. Perhaps, somebody modified it in a profitable way. But then - why do you need Ross? Take any random signal/indicator and modify it in a way to make profitable.

Also, given a randomly generated chart I can still recognise hooks, congestions, trends, retracements.

Of course, things might be completely different on his seminars, but judging from what I've got I would expect just more talk.
Going on a seminar to get an "eye-opener" is naive at best. There isn't any objective criteria to see immediately whether a system works or not right in the classroom with your own eyes. You need statistical tests to distinguish between noise and signal, but Ross is no help in this.

Ross doesn't seem to know math/statistics/probability/signal processing/econometrics etc... I don't think trading can be done without proper statistical testing. But then you would need confidence intervals, error estimates etc...
Surely, it is very tempting to just give up your job and hope to manually on a hunch trade your way out.

Trading has to move from subjective to objective and Ross's material is childish in my view.
I respect your views but things are not completely what you think. I myself studied Ross' material and now am feeling better. i am a profitable trader because of him. I watch only bar chart nothing else. Through chart i get idea about market. Anyway if you want to ask something i am here.

Thanks
Fakhar
 

egro1egro

Active member
Jun 5, 2006
123
7
28
London
#9
I meant, what Ross's materials did you study, what technique from them are you using and how?

Joe always says: buy this book and it will change your life, you spend $$$ on a book but think how much will you earn after that!

So, my understanding of this (with all the necesary disclaimers about risk and trading and blah, blah, blah...): I buy a book, read it, start using the method described and money should pour into my account. And the only skill I will need to acquire after that is just precise and disciplined execution.

Am I wrong in my assumptions?
 

anley

Well-known member
Dec 16, 2003
2,730
229
73
#10
Joe always says: buy this book and it will change your life, you spend $$$ on a book but think how much will you earn after that!
Pure marketing drivel.
 
Apr 13, 2008
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#12
I meant, what Ross's materials did you study, what technique from them are you using and how?

I studied his book '' Day Trading ". I am not using any of his techniques in my trading. I have discovered my own.
Joe always says: buy this book and it will change your life, you spend $$$ on a book but think how much will you earn after that!

So, my understanding of this (with all the necesary disclaimers about risk and trading and blah, blah, blah...): I buy a book, read it, start using the method described and money should pour into my account. And the only skill I will need to acquire after that is just precise and disciplined execution.

Am I wrong in my assumptions?[/QUOTE]

Just not execution. He didnt mention any method in his book but he asked his reader to discover what is fit for him. There is a law. There is a pattern of the market. You have to know it and then discover your timeframe in which you are comfortable.
 

egro1egro

Active member
Jun 5, 2006
123
7
28
London
#13
Then how do you define "he helped me to become profitable"?

So, you cannot say that his patterns work. Can anybody say that they work?

Any reason to buy a book other than to obtain information?
 
Apr 13, 2008
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#15
definitly it changed my life. I understood '' The Law of Chart'' and it is helping me a lot. anyways if you guys dont agree, i dont mind. If you are successful in your trading then dont try anything else. keep stick with it.