Registered: Aug 2007
05-09-12 03:03 AM
Quote from Here2learn:
Ordered the Joe Ross book... We'll see if it's worth $100. Trading books are either good or garbage.
If you can send it back, do so. I have never read any retail spread book worth much and there is a reason for this. Most of those who made a living when there were pits, made it generally spread trading and they would never write any books on spread stats.
Only recently has trading software allowed much more easily to use indicators on spread charts(line only). Perhaps "Bone" can offer where he gets his charts, but I use Ninja, I can do Bollinger bands and RSI/oscillators on the spreads themselves. Tradestation may have the ability, don't know. But past year, I have transferred methods I use from stocks to do longer term on spreads and luv it.
Just cause a certain date pops up for entering/existing doesn't make me warm and fuzzy to take a trade, using backtesting, you can make anything seem like a good time to put on a spread of something as MRCI has bout 100 spreads to put on a month.