Edition 931
May 13, 2022
Dear Traders,
There seems to be some confusion as to why publications are being sent since Joe Ross passed away in September 2021. My apology for the confusion and as expressed in earlier editions that Joe provided many folders of new material with Chart Scan examples and articles. I guess we would consider it as "hidden vault" material so 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. As we continue to receive newsletter sign ups, new students from every continent will continue to learn trading Joe's way especially in this challenging market. This is where Joe 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".
The proceeds of Trading Educators will continue to support Joe's wife, Loretta, of 62 years of marriage, which is our number one priority. We thank everyone with continued support and prayers for her well-being.
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,
Martha Ross-Edmunds
"You can't build a track record on what you would have done." Master Trader Joe Ross
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Rare Formation
This week, we are going to look at an unusual chart sent in to us by one of our subscribers. It is a chart of currency pair. It’s not a great chart to look at, but it shows a rare occurrence, even though you cannot see much detail. It’s not how the chart looks that is important. What is important is that you see that you can have two Ross Hooks on a single bar or candle.
You would think this pattern would show up more often, but it is kind of rare. After a trading range is established, there is a single bar that breaks out of both sides of the trading range.
The bar with the 2 Ross Hooks is the first bar to break out above the trading range, but it is the second bar to breakout below the trading range.
The next bar is an inside bar, the first failure to go higher and lower after the breakout. So the breakout bar has 2 Ross Hooks.
© 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.
FRIDAY THE 13TH SALE
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OWN YOUR COPY TODAY!
Use Coupon Code "ross25" During Checkout
Special Discount for Chart Scan Subscribers ONLY!
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Trading Article: Emotions
As a human being there is a component working in you called your soul that is comprised of the following elements: Your intellect, your emotions, your memory, your imagination, and your will. These elements work together to determine who you are and how you will behave in the market -- actually, in anything and everything you undertake to do. These elements work together and definitely overlap at times. This week we are going to look at "Emotions" to see how this element can...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 copies of Joe Ross' two free eBooks? Not received - send an email for the links!
FRIDAY THE 13TH SALE
25% OFF
OWN YOUR COPY TODAY!
Use Coupon Code "ross25" During Checkout
Special Discount for Chart Scan Subscribers ONLY!
Philippe Guartier: Administration and
New Developments of Instant Income Guaranteed
We are not selling completely "naked" premium these days, owing to extreme market volatility. We usually prefer ratio spreads or even broken wing butterflies.
But it doesn't mean selling price insurance with naked puts can't work.
On 21st March 2022, we sold to open PLUG May 20 2022 15P at 0.30, with our short strie well below price action.
We could buy to close this put at 0.12 on 12th April 2022, for an annualized return on margin of 99.55%.
Philippe
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.)
Check out IIG's 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.
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: Diversification
Diversification is one of the crucial factors in the success of some, but not all trading plans, and may in fact make the difference between success and failure of the plan. Putting all your eggs in one basket is not a good idea for some traders. This approach takes the position that rather than trading ten contracts in one market, look to trade smaller amounts in several different markets. The aim of diversifying is to substantially lower the draw down, minimize the...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.
Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com
Day-Trading the T-Notes Future without Stress
Like almost everyone out there, Ambush too got hit by the crazy markets out there, including the 10 Year T-Notes Future (ZN, traded at CME). But that market did give us quite a reversal and its performance is at new all-time highs again!
Here's a daily chart of the ZN Future, showing the last month of trading. As you can see this market moved lower but did so in a slow way. Perfect conditions for the Ambush System that managed to hit one swing-low after the other providing plenty of profit opportunities.
Here are the results of these trades, trading only one 10Y T-Notes Future (ZN) contract:
Yup, that's a profit of over $2k in just a few weeks with a couple of trades in the $1k profit range. That's a lot for a day trade in the ZN future which is a small contract!
Here's the long-term chart of ZN:
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!
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!
FRIDAY THE 13TH SALE
25% OFF
OWN YOUR COPY TODAY!
Use Coupon Code "ross25" During Checkout
Special Discount for Chart Scan Subscribers ONLY!
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.
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!
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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,
Martha Ross-Edmunds
© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent
