1-2-3 and Ross Hooks with Stocks?

Discussion in 'Strategy Development' started by 4XIS4U, Dec 11, 2005.

  1. 4XIS4U


    Does anyone trades stocks using 1-2-3 and Roos Hooks? if so, could you kindly share your experiences and lessons learned on Time Frame used, TTE (yes or no) and any other aspect you may find important.

  2. nkhoi

    nkhoi Moderator

  3. 4XIS4U


    Ok, here are some of my observations:

    - Joe Ross indicated on some his last chats that he'll only trades stocks using a Weekly time frame
    - I observed that it's much easier to trade on the weekly bars, risk is a bit higher but you trade less often, which is a good thing
    - I use TTE only for RH after 1-2-3 lows/highs...

    Difficult areas for me are:

    - Trailing stops -- sometimes you leave good money on the table by trailing your stop to the last bar's low