The Death of One of the Most Eclectic Traders

MASTER TRADER JOE ROSS PASSES ON

 

Dear Traders,

 

We are sad to inform you of the passing of Master Trader Joe Ross on the morning of Tuesday, September 7, 2021 at the age of 87. He went peacefully doing what he loved, by taking care of Loretta, his wife of 62 years of marriage and teaching his students from every continent how to trade. Joe has always been a free spirit and loved the trading world being his own boss. He quickly learned that teaching others was his true passion. The joy of educating those about a system in which he had true confidence and to see others come into their own. That was his greatest pleasure. He was proud to be a devoted Christian and combined spirituality with trading.

 

Our condolences to our traders and students for the loss of a mentor and close friend, some would even go as far as saying a "father-figure" and he wore that title proudly.

 

Master Trader Joe Ross' passing came upon us unexpectedly and suddenly.  Again, we would like to send our condolences to those who lost a mentor and a friend. 

 

Joe, you will forever be in our hearts.

 

Who is Joe Ross?

Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of "The Law of Charts™" and the "Traders Trick Entry™." Joe was a private trader and investor for much of his life, but a serious health situation in the late 80's caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach.

 

Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: "Your mastery of teaching is even greater than my mastery of trading."

 

Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in "Who's Who in America." After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company's newsletter Chart Scan™.

 

“Master Traders Joe Ross was one of the most eclectic traders in the world. And he remains one of the few best mentors I have, alongside, Dr. Van. K. Tharp (may he live long), and one or two others. His teachings and insights into the markets have contributed in making me who I am today. He also talks about the spiritual side of trading (https://tradingeducators.com/about-our-traders), concluding that trading is no sin.” – Azeez M.    

 

“The trading world has lost a unique and passionate trader.  He explained to me that his material will never go out of date, only the technology.  Recently, we updated several of his hardback books into eBooks and he was right. From making trades over the phone to the "pit" then to opening an online account, my how things have changed.  But he is correct about his methods, they will continue to apply to the markets regardless of how technolgy advances.” - Martha Ross-Edmunds (Joe’s daughter)

 

Joe Ross' Trading Philosophy:

"Teach our students the truth in trading — teach them how to trade," and "Give them a way to earn while they learn — realizing that it takes time to develop a successful trader."

 

IN MEMORIAM: https://www.tradingeducators.com/special-edition-897-in-memoriam 

 

Profits from games of knowledge: https://www.predictmag.com/ 

 

Why many traders fail our recent recruitment exercise

 

Congratulations to the users who made huge profits on PredictMag last week!

 

We are also announcing new, massive promo for new users next week: https://www.predictmag.com/ 

 

 

 

Why many traders fail our recent recruitment exercise

 

Hi Traders:

 

Recently we announced vacancies for cryptocurrencies traders. The aim was to have them trade on our accounts and send trade signals without having to come to our office and also doing that on a part-time basis.

 

And believe me, the financial rewards are very much cool.

 

Many people applied but few people were eventually recruited. Here is why.

 

ONE

After the application, each of them was asked to open a demo account to trade for some time, with some guided rules. This was to test their trading ability.

 

Reaction: Some did not bother to respond again. Imagine where you apply as a driver and you were asked to come do test-driving, or you apply for a position that requires skills, and you are called to show your skill and you refuse.

 

Failure number one.

 

TWO

Then some opened a demo account each and traded, but they didn’t follow the trading rules given to them. They were free to trade anytime and use any style they liked, but there were rules are regards the lot sizes and risk parameters. Many disregarded this.

 

But we overlooked that.

 

THREE

All traders who opened demo accounts were requested to connect to the company with 2 Instant Messaging mediums. Any 2 of the following:

 

WhatsApp, Skype, Telegram, and Facebook Messenger.

 

All these were necessary for faster and more effective communications. You know what?

 

Most didn’t do that. Some did with only one medium. Some even left a “hi” message and then vanished forever, without even reading any messages received after that.  Till now.

 

If my potential boss ask me to him connect thru a medium, what would it cost me to simply download and register on the medium?

 

Failure number two.

 

FOUR

And some traders were able to generate profits on the demo, thus qualifying for the job. We contacted them by email, because they didn’t have WhatsApp, Telegram, or Skype, and there are no replies till now.

 

Why will you apply for a job with an email address you don’t monitor?

 

We sent reminders emails to them, to reach out to us, but no reply till now.

 

FIVE

Some applicants dropped their phone numbers and we called them to inform them they qualified. But they didn’t pick the calls. Imagine when your potential employers are calling you and you didn’t pick the calls, and not call back, simply because you have issues with some people and you cannot pick numbers you don’t know.

 

Think about that.

 

For those very few who traded demo accounts, connected to us and picked our calls and returned our messages, and got the job, congrats on your new, rewarding, and part-time job. This is the beginning of a career that will take you to your financial freedom eventually.

 

Lessons

Look at the reasons mentioned above. Who are to be blamed for this? Nigerian government or the witches in the family?

 

I know that the government has failed Nigerians big time. But Buhari or Jonathan or a senator is not to be blamed for the scenario explained here.

 

In most cases, most of what happen to us are the results of the way we organize our lives and the decisions we make, and we would like to point accusing fingers at others, blaming them for the problems we have, without trying to see how we ourselves have contributed to the problems.

 

These are the lessons to be learnt.

 

NB: We will soon announce new positions for Forex traders as well. Please be expectant.

 

 

Union Jack Oil price: UJO to crash further

Union Jack Oil Plc shares (LSE:UJO) are currently in a maniacal downtrend. There was a perceived ranging movement in April and May 2012, which ended in the following month of June, as a bearish run sets in.

 

There were desperate bullish attempts in June and July, but further northwards movements were rejected at a recalcitrant supply level around 35.00.

 

Price is currently below the EMA 21, and the William’s Percentage Range period 10 is currently sloping downwards., confirming the weak market.

 

Even William’s Percentage Range 10’s saunters into the overbought territory means another “sell” signal. The bias on UJO is bearish for this year, and the demand levels at 23.00, 22.00 and 21.00 are easy targets.

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: Teach Yourself Technical Analysis 

 

  

 

What is happening to this stock?

Following a turbulent bullish effort that lasted from April 2021 to June 2021, Tern Plc stock (LSE:TERN) has completely failed to go upwards. In fact, price has been caught in medium-term upswings and downswings, which leads nowhere in the long run.

 

For short-term traders, the best approach at the present is to sell at resistance levels and buy at support levels. But where the price go in the long run?

 

The ADX period 14 is below the level 20, which means the momentum in the market is currently low. Nonetheless, the DM- is above the DM+, which means bears are currently reigning. The MACD default parameters, though currently flattening out, have its signal lines and histogram below the zero line.

 

There is a Bearish Confirmation Pattern in the market, which means when a breakout does occur; it would most probably favor sellers. Yes the outlook on TERN is bearish for the year and the accumulation territories at 19.00, 18.00 and 17.00 may be reached easily.

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html

How Much Do PredictMag Users Make?

PredictMag was founded to make it easier to trade and make money (in a new way), and our record shows that for every 1 trade that was lost, 5 trades were won. We are noted for our honesty and for treating customers fairly. We are happy only when you make it through just and straightforward methods. And we recently rewarded our best traders by giving them brand-new android phones (and another promo is coming).

 

We are not MLM or MMM or “send N10000 to receive N20000 in 60 minutes scammers.” We created this platform so that serious-minded people like you can make some extra money.

 

Nothing ventured, nothing gained. Those who want to make money without taking any risks are like those who want to breathe in and never want to breathe out. You know full well that such is not possible, as life doesn’t work that way.

 

Lots of money-making trades are given on weekly basis, and our users take advantage of that. We even have some users who have each, made over N50K profits with just N3K deposit.

 

We protect our users’ privacy, but we let you know how much they make here: https://www.predictmag.com/diviners

 

This stock begins shocking and strange movements

Touchstone Exploration Inc. stock (LSE:TXP) has begun some strange and shocking movements. From March 2021 to April, price experienced a serious bearish movement, and it is currently consolidating.

 

The consolidating movements sometimes trick bulls into believing that price is about to skyrocket but that is a ruse (and that is why the movement is a kind of uncanny). The market is currently weak and further bearish movement is clearly envisaged here.

It is expected that price will break below the lower Trendline and the RSI period 14, which is already below the level 50, will become significantly below it, as the market breaks out to the downside.

 

The outlook on TXP remains bearish for this year and the accumulation territories at 80.00, 75.00 and 70.00 can still be tested.

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html

 

  

Xtract Resources Plc. price: XRT expected to go further southwards

Xtract Resources Plc. shares (LSE:XTR) is supposed to go downwards as the current price action supports more bearish movement, rather than bullish movement. From March 2021 to June, there were massive selling pressures in the market, as made evident by the downtrend witnessed during that period.

 

4 EMAs are used for this analysis, and they are EMAs 10, 20, 50, and 100. The color that stands for each EMA is shown at the top left part of the chart.

 

The 4 EMAs are currently moving sideways, to emphasize the current equilibrium in the market. Price can go downwards, moving below all the EMAs, plus the EMA 10. That is exactly what is anticipated sooner or later – for the trend to go downwards.

 

The outlook on XTR is bearish for the rest of the year, as the accumulation territories at 2.50, 2.00 and 1.50 can still be reached. The only event that can render this expectation invalid is when price goes upwards, especially above the EMA 10.

 

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: Technical analysis

PredictMag: How can I reach you?

Phone: +2348077951063

 

Email: hello@predictmag.com

 

Office: Kilometer 752 Lagos-Abeokuta Expressway

 

Close to Moshalashi B/Stop

 

Alagbado, Lagos

 

Nigeria

 

NB: If anyone tries to reach you with any email addresses, phone numbers, Telegram ID, Skype ID or WhatsApp numbers other than the ones displayed above, then you are communicating with a scammer.

How to reach us: https://www.predictmag.com/about-us