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Lessons by Joe Ross

  • #41
  • Apr 25, 2007 6:44am Apr 25, 2007 6:44am
i wonder that by posibility, there is people that match astrologicaly with the market trend. and by luck the trend subsides it the right moment too....

there is 12 sign( 12 posibilities) , but we only need to decide buy or sell
......
and the 4 market hour is less than 12 too.... so it is possibility that (1/12*1/4) 1/48 population of trader, may find luck by astrology and useless for 47/48 of population...

and that "once upon a time" people win forex by the sign of taurus ( bull )"
  • #42
  • May 9, 2007 12:27pm May 9, 2007 12:27pm
This question was sent to me from one of our students: “Hey Joe! Is there a way to detect short term trend reversals?”

One sign of a short term trend reversal is: Contraction of the weekly range by 50%, and the highs of successive daily price bars exceeding previous price bar highs by less than 20% of the previous daily range.

Strong hands, commercials traders and funds, may be selling supply to the small speculators. Strong markets have closes above the previous price bar's high. Watch for a weak Close below the open, mid-range and previous day's Close, when the market is due for a sharp break.

When some markets begin intermediate reversals, the three week average range will con¬tract 30% or more. Buying above a previous bar’s high is always a high risk proposition, unless strong trending probabili¬ties show sharply higher prices. Wait for the first correction after the previous day's highs have been violated, then enter the market on new intraday strength, or buy the first correction into a support zone anticipating a new higher high before a lower low occurrence. In strong bear markets sell above the previous day's high with a risk determined by range or fixed dollar amount.

Joe Ross
Trader, Author
'Trade what you see, not what you think!' -JR
  • #43
  • May 11, 2007 1:59am May 11, 2007 1:59am
Quoting Gwan
i wonder that by posibility, there is people that match astrologicaly with the market trend. and by luck the trend subsides it the right moment too....

there is 12 sign( 12 posibilities) , but we only need to decide buy or sell
......
and the 4 market hour is less than 12 too.... so it is possibility that (1/12*1/4) 1/48 population of trader, may find luck by astrology and useless for 47/48 of population...

and that "once upon a time" people win forex by the sign of taurus ( bull )"
I thought Astrology is a method of cycles trading like Elliot wave ?

If moon phase is useful in trading, we will have to call an uptrend as "werewolves (bull) market". LOL
  • #44
  • May 11, 2007 6:25am May 11, 2007 6:25am
I seem to trade better if I ate my cereal and took my vitamins in the morning.
  • #45
  • May 11, 2007 3:18pm May 11, 2007 3:18pm
i think lunar cycles probably do have an effect on the market, accept as Joe said, it effects everyone, so you are balanced.

I bet there is a correlation between velocity and lunar cycles. I used to work at a large hotel up in Alaska, every full moon you would have shootings and suicides and other crazyness happening. Everything is just more volitile, course being dark for 6months probably added to it
  • #46
  • Edited 3:43pm May 11, 2007 3:30pm | Edited 3:43pm
wow. this was gem hidden in achives! .) dont know exacly will the planets effect of trading but there is some wierd comparison between this what wee see an observe... dont know meaby getting too far when trying to look so close.

this idea whole market. that random outcome shows the direction of world economic is like freaky. and meaby there is some strange point that its not about the money at all. that its about possibility to observer and study this random outcome of reality?-)

but still positively that resoult have something to do with the "universe" ...
  • #47
  • May 11, 2007 4:27pm May 11, 2007 4:27pm
remember how gann succesfully implemented astrology to his trading style ?

i thought there is a mysterious universal law on astrology that make astrology exist, what mean we know better about universal law, more knowledge what mean more research and more trading style.

gann not learning astrology but numerology too. maybe that two theory have same law.

but i think astrology is just for long term trading like gann. month to month.

gann theory about balance/ 45" trendline is same like Tao theory about balance. he got from there.

i see too astrology maybe right about human personality.
you can see this on Wikipedia. so can this define price personality?


fibonacci got similiar idea like gann too so we get one more kind indicator to apply.

hmm, maybe any body want to research again?:

hehe and soon this thread move to trading system forum not just on member lounge
EA Programmer for Hire
  • #48
  • Edited 5:00pm May 11, 2007 4:48pm | Edited 5:00pm
Quoting libros
gann not learning astrology but numerology too. maybe that two theory have same law.
the subject is dansing around same ring.
personaly consider that thos are created tru same conspect. How humans can handel the outcome. both of them created from same perspective. Numbers are only language to explane someting what creates distanse,mass,speed,time. and astrony is to study something in distant perspective. What can be explaned in numbers. Both of them comes tru our vision of perspective. what creates this vision of perspective. have some hidden agenda what will take me to the grave. Theres no otherway to explane eanything than what can be observed. back again distanse,mass,speed,time and shape what is created tru mass.

its impossible to imagine something what we have not seen. as it whoud be impossible to know its existanse.

as writed from famous philosopher.. just dont remember the name at the moment.

That Group of people had lived in cave whole they life in chains with candel in the back.
Only thing they had seen is the dark shadows of ther shape. and suddenly one of the whoud have been pulled out of cave. to See the sun rise and the flower fields of red,blue,purple,green. and amaising sunset. and then putted back in the cave. the dude is breaking his ass off from the experinse. but how he choud explane and to make them understand. what he have seen seen to the rest of the group who have allways stayd in the cave?
  • #49
  • May 11, 2007 9:21pm May 11, 2007 9:21pm
i think one upon a time, a man found a planet after calculating it's position before hand....

so can we calculate the universe by math? is astrology easier than math?
  • #50
  • May 25, 2007 12:25pm May 25, 2007 12:25pm
Do you suffer a lot when you trade? Are you under constant stress from trading? What are your thoughts about stress, and is it a major factor in your trading?

Stress in trading is not always harmful, probably depending on the source of the stress. For some traders it is imperative that they run scared. For those traders it is the emotion of fear that can generate the concentration necessary to survive.

For all traders, it has been proven that trading is a stressful business. Tests have shown that even when traders appear calm, relaxed, and comfortable during trading, their heartbeat rises, blood pressure rises, and skin moisture increases.

In other fields we see constant demonstrations of performing under stress. It is the ability to thrive under stress that sets athletic superstars apart. It is the ability to go onstage when a person's stomach is full of butterflies that can make a stage performer into a star.

An effective trader learns to handle stress. His natural instinct of self preservation is what makes him effective when challenged.

There are other forms of stress besides fear. Selfishness can cause a trader to fight greedily for what he thinks he must have. Such a trader will trade without any consideration for personal honesty. The attitude of this kind of trader is "get what you want. Win somehow."

As a trader you must find out who you are and learn to accept yourself that way, or better yet, change; become a better person.

Regardless of the source of your stress, if you are going to trade effectively, you must face the cause of it and learn to deal with it.
'Trade what you see, not what you think!' -JR
  • #51
  • May 25, 2007 12:43pm May 25, 2007 12:43pm
Nice post, thank you!

For me:

Stress = Lack of confidence
  • #52
  • May 25, 2007 3:37pm May 25, 2007 3:37pm
Not really.

Stress = it matters.

Each trade is meaningful. If I lose a trade I am upset. If I win a trade, I am exhultant. While I am in a trade, I´m tensed, focused, aware and stressed.

Ask Michael Schumaker whether he´s stressed when he´s racing. Ask Gary Kasparov whether he´s stressed when he would play Karpov. Ask Michael Jordan whether he was stressed when shooting the game´s final shot. I bet they all are, and I bet none of them lacked confidence.

When you do your job, you care about it and you want to excel, you´re stressed about it. Because it matters.
  • #53
  • May 25, 2007 3:43pm May 25, 2007 3:43pm
I consider trading as an excellent mean for growing of the person.
It would be best to start to teach the people from younger classes of school.
Patience, will, iron discipline, tenacious and healthy mind, non-trivial thinking.
All these things - it gives to u.
Stress - comes away if u becomes a profy.
A rose will bloom, it then will fade...
  • #54
  • May 25, 2007 5:40pm May 25, 2007 5:40pm
Ever thought of wearing headphones while Trading?

I still have my "Driving Tapes" from the 70's. "Radar Love" and all the rest....
Perhaps a new thread....

Put together some mental tempo audio whatevers {CD's MP3 IPOD and yes, i don't know if ipod & mp3 are the same thing}

Whatever works for you. Ozzie or Lennon who cares? As long as it takes you where you want to be.
  • #55
  • May 25, 2007 5:43pm May 25, 2007 5:43pm
Quoting WTB
Not really.

Stress = it matters.

Each trade is meaningful. If I lose a trade I am upset. If I win a trade, I am exhultant. While I am in a trade, I´m tensed, focused, aware and stressed.

Ask Michael Schumaker whether he´s stressed when he´s racing. Ask Gary Kasparov whether he´s stressed when he would play Karpov. Ask Michael Jordan whether he was stressed when shooting the game´s final shot. I bet they all are, and I bet none of them lacked confidence.

When you do your job, you care about it and you want to excel, you´re stressed about it. Because it matters.
Well said.

All traders feel some stress and pressure while performing. What we must do as traders is to eliminate negative stress and develop it into positive stress.

IS
  • #56
  • May 25, 2007 5:50pm May 25, 2007 5:50pm
Quoting WTB
Not really.

Stress = it matters.

Each trade is meaningful. If I lose a trade I am upset. If I win a trade, I am exhultant. While I am in a trade, I´m tensed, focused, aware and stressed.

Ask Michael Schumaker whether he´s stressed when he´s racing. Ask Gary Kasparov whether he´s stressed when he would play Karpov. Ask Michael Jordan whether he was stressed when shooting the game´s final shot. I bet they all are, and I bet none of them lacked confidence.

When you do your job, you care about it and you want to excel, you´re stressed about it. Because it matters.
Again:

For me:

Stress = Lack of confidence

When I take a trade with confidence I usually dont fell stressed or nervous about what will happen. I did my analysis, took my best decision, I just have to wait and see. Not being stressed doesnt mean I dont matter.

Playing sports is not the same. In front you have an opponent you cannot control and will be always against you. I cannot control the market neither, but I can be on its side.
  • #57
  • May 25, 2007 10:50pm May 25, 2007 10:50pm
Quoting Bemac
Ever thought of wearing headphones while Trading?

I still have my "Driving Tapes" from the 70's. "Radar Love" and all the rest....
Perhaps a new thread....

Put together some mental tempo audio whatevers {CD's MP3 IPOD and yes, i don't know if ipod & mp3 are the same thing}

Whatever works for you. Ozzie or Lennon who cares? As long as it takes you where you want to be.
Iron Maiden Bemac...
  • #58
  • May 25, 2007 11:17pm May 25, 2007 11:17pm
My Stress:
Still plagued by it somewhat. But I got rid of 90% of it by trading smaller amounts on longer timeframes. Now I can sleep even if I have positions open.
  • #59
  • May 26, 2007 1:00am May 26, 2007 1:00am
Thank God there is Saturday and Sunday, so , nomater how much i want to put open position, i have to wait,
so ....2 day off from stress
  • #60
  • May 26, 2007 5:40am May 26, 2007 5:40am
Good point by WTB. There are two types of anxiety (stress). One is facilitative, the other is debilitative. The examples pointed out by WTB are the former. It's a natural function of the body that provides heightened physical traits, such as situational awareness in sports or combat.

Debilitative stress is what Ross was talking about. It produces reactions that are counter-productive to accomplishing the task at hand. We've all experienced both. The key to successful trading therefore is to not succumb to the latter type of stress.
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