by Joe Ross
One of the more popular trade entry techniques is a "channel breakout." Unfortunately, that causes stop orders to collect at the edges of the channel and these orders become tempting bait for the floor traders. That causes many false breakouts that move quickly back into the channel. Joe shows a technique in Trading by the Book that will protect you from that mistake by a specially constructed trading envelope. Only when prices move far enough outside of a channel will your resting order take you into the market. Best of all, you can accomplish this without the use of a computer. All you need is a chart and a newspaper. The technique used is based upon a family trading secret that is over 100 years old. You learn how to construct this envelope.
Would you like to be able to recognize a price formation that almost no one seems to know about that anyone who can count to three can recognize the formation when he sees it?
Can only daytraders scalp a market? Trading by the Book will show you a way to make two-day trades that will allow you to trade effectively a large percentage of the time.
Could you benefit by knowing how to enter the futures markets at the best possible time? Would you like to know how to optimize your trading?
Would it be to your advantage to know when to reverse a trade and a logical way to do it? Could you benefit from a fantastic way to pick up the continuation of any trend?
Would you like to know how to make trades in futures when they are in a trading range, or even how to know when prices are in a trading range? Do you know how to trade the breakout of a trading range?
Would you like to know the best ways to exit a trade? What to do when a market is moving sideways? Where to place your stops? How to use oscillators? How to trade from a newspaper - without the need for a computer? Would there be more money in your pocket if you knew how to manage your trading account? Do you know when to not be trading at all? When to paper trade?
In Trading by the Book, you learn how to trade all of these situations, and many more. Trading by the Book contains 376 pages of explicit information on futures trading. Included are discussions of how and when to really use Fibonacci techniques, how to recognize congestion, how to set and trail stops, how to get in step with a market, how to select trades, and how to conduct your trading on a businesslike basis. It's a book full of trading methods and wisdom unlike any you've ever seen.
Trading by the Book is loaded with charts. You will see an entire year's trading of a portfolio of seven commodities. Illustrations and examples of every single concept are shown in an easy-to-read, easy-to-understand format. All charts are shown on the same page as the commentary that goes with each of them.
As Joe Ross describes, "In all of my instructional materials I take you through real trades, trades that I made. You will be looking over my shoulder as I trade. Page after page, you will see what I did, why I did it, and when I did it. You will know what factors I took into consideration for each trade. You will see my wins and you will see my losses. You can laugh with me when I win and cry with me when I lose. You will even see the mistakes I made and the trades I missed. My trading isn't perfect. I don't know anyone whose trading is.
" As one of my readers said, 'I guess I've seen and read almost everything on commodities published over the years. I've never seen anything as complete and as novel as your books. Your methods will completely change the way most traders view the markets. Your course makes futures trading a whole new ball game.'"
Trading by the Book has received rave reviews in the Club 3000 newsletter. It was named a "Book of the Year" by Trader's Almanac, and has received a very strong endorsement from Bruce Babcock in the Commodity Trader's Consumer Report. Bruce said it as only he can, "This is one helluva book."
"Just a note to let you know how much I appreciate your books...These are the only books I've purchased that I haven't regretted."
Ken Pratt, Missouri
"My compliments for having written one of the most original books on technical analysis; believe me, there is so much worthless stuff out there. Your exciting and interesting book is a great exception."
Hanspeter Ehrsam, Switzerland
"I have just finished reading Trading by the Book and I am currently reading your book Trading Optures and Futions. Both books are packed with great information that I will use for years to come. I especially enjoy your personal insights into trading."
RC, New Jersey