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If you are interested in learning more about trading the Ross Hook I
strongly recommend "Trading Is A Business" by Joe Ross. This book
includes many of the trading techniques that are covered in his other
books. It also offers many, many valuable insights to trading. I have
seen other very successful traders recommend the book, including Linda
Bradford Raschke. It's a book that you will read and reread.
Frank
Allan P. Harris wrote:
>
> After mentioning the Ross Hook in my Silver analysis, I have had some
> private inquiries about what is a Ross Hook. Here's the story: Back in
> 1993 I spent $175 to purchase the book, "Trading The Ross Hook," by Joe
> Ross. It's 356 pages long. I read it immediately, but was unable to grasp
> how to integrate it into my trading. I read it again in the summer of 1995
> and although I appreciated it more then ever, I still did not implement any
> trading based on it. A few months ago I read it a third time. Bingo!
>
> I highly recommend the book and the technique. But it's taken me four
> years and three readings and a whole lot of back testing and analysis to
> appreciate the utility and simplicity of the technique. To spend a few
> sentences here describing the mechanics of the Ross Hook would do an
> injustice to both Joe Ross and his trading technique. However, all is not
> lost. Without getting into too much detail or specifics, I can provide the
> general idea behind the method and if anyone wants to follow up, they can
> find Joe Ross and buy the book.
>
> "Up trends are defined by series of higher highs and higher lows and Down
> trends are defined by a series of lower lows and lower highs."
>
> Well, that's it. I'm not try to be cute or coy here (although I might be
> both), but you can take this "observation" along with my previous post and
> a Silver chart and figure out all you need to know. But remember, in 356
> pages, there may be $175 worth of nuances.
>
> Allan
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