Testimonials
Hi Ross, I spotted two Gartley Patterns on two different currency pairs yesterday on their 15 mins chart (see attached). I traded the GBPUSD with 6 contracts and received a decent 360 points of profits.”
R.T., Toronto, Canada
I first met Ross Beck at a trading seminar during the fall of 2008 in Las Vegas. I listened to him explain how to trade Forex using Fibonacci ratio analysis for two solid days. Thereafter, I was sufficiently impressed to ask Ross if he would mind spending a day trading with him. Ross agreed so I flew up to visit him at his residence in Seattle, Washington. The next morning, I was up early, anxious to spend time with Ross to learn and pick his brain. After breakfast, we set up “shop” on a table in his living room and signed in to Ross’ high speed wireless internet connection. Looking past my trading screens, the view out the window was stunning! In the foreground, the smooth waters of Puget Sound and in the background, the majestic Olympic Mountains. Grateful for the beautiful sunny day, I was full of optimism and eager to learn.
After the markets opened, I did a trade with my technical methods that worked well and I made over $1000 in the S&P. I asked Ross’ opinion and he said that he wouldn’t have taken the trade. He said that he waits for more ideal setups, though they don’t show up as often.
I was moderately bearish and was getting anxious as I saw the S&P plummet 25 points after the open. Every 20-30 minutes I would ask, “Now?” The answer was always the same, “Wait.” It wasn’t until just after 8:00 AM pacific time that Ross spoke up. “In 45 minutes the S&P will rally to 1138 then sell.” With much skepticism I watched the market over the next 45 minutes wondering if this single trade that Ross recommended would work. The only thing that offset my skepticism was the amount of confidence he had when he told me what was going to happen. I almost wanted his recommendation to fail so that I could vindicate my method of trading versus his, based on my success earlier in the trading session. As the 45 minute mark approached, I was very impressed to see that the market was close to his prediction. However, this certainly was not my style of trading. Putting a trade on where Ross was suggesting was just uncomfortable. I expressed my concerns and he stated, “That is why you have to take the trade. We have all been programmed with conventional trading “wisdom”. You have to be a contrarian and do exactly the opposite of what everyone else is doing.” Exactly 45 minutes after Ross’ prediction, the S&P reversed at 1139. I thought, maybe he lucked out on this rally up to his reversal zone but let’s see if it really does decline, or is it just a momentary pullback. Over the next hour the S&P declined 10 points and never looked back for the rest of the session. It took my breath away.
Since that eventful day in October, I have seen Ross duplicate this formula in front of me over and over. I have now changed my trading philosophy to reflect Ross’ contrarian attitude toward the all the financial markets. I am grateful to have learned technical analysis and more specifically Fibonacci ratio analysis from a master in his field. In addition, I have now learned the importance of waiting for ideal trade setups and the wisdom of, as Ross would put it, “trade less and be right more often.”
D.S. Henderson, Nevada
