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hermanhess

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Posts posted by hermanhess

  2. Joe Ross

    in Forex Clips & Movie Request

    Posted

    I too held Joe Ross in great esteem but have not been able to find any credible performance records of his trading anywhere ....... in the process I did read some expose written on him by Gary B. Smith based on the investigation done by the great Bruce Babcock often known as the critics critic

     

    I first became aware of Joe Ross in the early 1990s as a result of some contributions he made to the Club 3000 newsletter. I had a lot of respect for the guy. And why not? He believed in buying strength and selling weakness. He thought the vendors who purported to pick tops and bottoms were nothing but rip-off artists. He denigrated Gann, Elliot Wave, seasonals, and cycles. This was my kind of trader.

     

    But as the years went by, a lot of negative stuff began surfacing about Joe Ross. His fax service was a disaster, his managed accounts suffered horrible losses, and much of what he said in some of his books didn't jive with the realities of trading real money.

     

    No one was more disappointed (and disbelieving) than me when Bruce Babcock uncovered that Joe had fabricated his trading experiences in order to sell his products. But it wasn't until I read Joe's feature interview in the December 1995 issue of Stocks&Commodities magazine that I really began to have major questions about the guy's credibility.

     

    It was in that interview where he mentioned how much money a trader would have made had they simply gone long a one lot S&P contract from the beginning of January or had they spread a one lot S&P against a one lot NYFE. The figures Joe quoted were way, way off and indicative of someone who didn't even know how much a point move in the S&P and NYFE equated to.

    I was blown away. Thinking this must have been a misprint, I spoke with Thom Hartle, the editor of Stocks& Commodities and who was also the interviewer. In reviewing his tape, Thom said Joe was not misquoted.

     

    I have reluctantly come to the conclusion that Bruce was correct in his assessment of Joe Ross. And what a shame. Joe Ross has written some good trading books. Maybe we should just leave it at that. But as Babcock stated in his investigation of Ross, "If Ross is making up his experience, he could do real damage to a careless, trusting student."

     

    Duane Howe is anxious to get this matter of his problems with Joe Ross into the courts. But Joe Ross would never in a million years want his controversy with Babcock and Duane Howe to get that involved. There are other Duane Howes around. Other traders who entrusted their money with Joe Ross because they believed Joe when he said he never had a losing year as a

    trader. There's also a former Joe Ross student, a well respected futures broker with a national trading firm. This person would testify that Joe admitted to her that he was indeed the infamous testimonial used by Ken Roberts.

     

    And what about Joe Dinapoli? DiNapoli taught Ross his displaced moving average which Ross then went on to claim as his own. Joe studied under DiNapoli in the mid 80s. Joe Ross would not want to see DiNapoli testifying against him in a court case regarding Ross's trading background.

     

    It's really too bad vendors have to resort to gimmicks to give them name recognition. Ross wrote some good books, he didn't need to fabricate his trading experiences to enhance his name.

     

    As for Duane Howe, yes, he probably should drop his vendetta against Ross. Joe Ross is hardly the only vendor out there who has exaggerated or fabricated his trading experiences. You give your money to someone else to trade futures, even the so-called Market Wizards profiled by Jack Schwager, and you better expect to lose.

     

    Gary Smith

     

    You decide

  15. The L0gic@l trader by Mark Fish3r book + video

    in Forex Clips & Movies

    Posted

    Proven system which works for the last 25 years ... created by Mark Fisher supposedly a legend in the NY pits .... who claims to have taught it to 3000 people including some of Paul Tudor Jones traders.

     

    More info here --->

    http://www.investopedia.com/articles/technical/04/032404.asp

     

    Different type of trades -->

    http://www.clever-trading-strategies.com/primer_on_acd_method.html

     

    Goodies here ---> 

    http://vimeo.com/user4287866/videos

     

    & here ---> 

    http://www.4shared.com/folder/74ZliCq-/Symposium_2003.html

  16. Nanning Bob system

    in Trading Systems and Strategies

    Posted

    Edie thanx for letting us know ... Bob used to post at ff but doesn't any more, I thought the method had failed but good to know its alive and kicking :)

     

    What about days when the market shoots off in one direction, I think he used to call it "runners" like when the BOJ intervened last year and the markets moves in one direction literally for hundreds of pips without retracing ... couldn't that one odd trade once in a blue moon decimate the account?

  21. 0ill Tr@ding Ac@demy Beginner And Advanced

    in Forex Clips & Movies

    Posted · Edited by hermanhess

    In short his secret is, the world oil market is controlled by a giant computer (he actually says this) and this computer retraces 10-15 pips at 30 mins past the hour, so at 9:30, 10;00, 10:30 etc take a position against the trend for 10 or so pips

     

     

    more about the giant computer that controls the worlds futures markets designed by the evil freemasons and lucifer who control everything in the world --->

     

    http://www.youtube.com/watch?v=pC4dCUoKdlY

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