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I have half read "Trading by the Minute" by Joe Ross because I am
interested in learning to daytrade and I know Bruce Babcock has questioned
the validity of the book , but I must admit I am quite impressed so far. I
have not been surprised by the number of postings in the RT group.
Good Luck,
Kevin
-----Original Message-----
From: Frank Burch <haze@xxxxxxxxxxxxxx>
To: apharris@xxxxxxxx <apharris@xxxxxxxx>
Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, December 13, 1997 8:25 PM
Subject: Re: Ross Hook
>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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