DaBoyz have not lost control of the markets, not by a longshot, but they’ll have to get used to being buffeted each night by crazed trading in Asia, the current locus of the world’s financial and economic problems. For the time being, the always tricky game of exhausting sellers ahead of the opening has become even trickier, since it can be well nigh impossible to estimate how powerful the onslaught of orders to sell-at-the-market will be at the bell. If there’s an avalanche today, I’ve furnished Hidden Pivot benchmarks for the E-Mini S&Ps that could be useful to traders, speculators and even to spectators simply wanting to enjoy the show.
The Game Has ChangedPosted Tuesday, September 1 0 comments
$ESU15 – September E-Mini S&P (Last:1911.25)Posted September 1, 2015, 6:16 pm
$GCZ15 – December Gold (Last:1141.30)Posted September 1, 2015, 12:31 am
$CLV15 – October Crude (Last:47.62)Posted August 31, 2015, 10:56 pm
Yesterday’s exceptional short-squeeze probably scared the hell out of the bears, even if it caused us little consternation. A 49.14 target that I’d aired in the chat room around noon anticipated the intraday high of the nearly $6 rally within 19 cents. The futures were still buy-able at the time, trading nearly $2 beneath the target, but because only one subscribers reported taking advantage, buying a single contract when the futures pulled back to the 47.29 midpoint pivot, I have not established a tracking position.
Looking ahead, we can use the pattern shown to leverage the next upthrust, assuming there is one. The point ‘C’ low is as yet unformed, but in the event that 47.23 survives as a point C low, a follow-through to as high as 52.96 is possible. My hunch is that crude lacks the power for a second-wind rally of that magnitude, and that a stall at the midpoint pivot of the pattern — speculatively 50.10 as of this moment — would be likely (and potentially short-able).
$TLT – Lehman Bond ETF (Last:121.93)Posted August 26, 2015, 9:31 pm
$GDXJ – Junior Gold Miner ETF (Last:20.32)Posted August 24, 2015, 9:50 pm
$VIX.X – CBOE Volatility Index (Last:40.74)Posted August 23, 2015, 6:05 pm
$+JNK – High-Yield Bond ETF (Last:36.99)Posted August 17, 2015, 8:54 pm
$SIU15 – September Silver (Last:14.165)Posted August 12, 2015, 11:47 pm
$ADU15 – September Aussie Dollar (Last:0.7196)Posted July 28, 2015, 9:24 pm
The laser-like accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.
Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.
Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.
The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.
The next webinar will be held on Tuesday, October 13. Click below to register or get more information.
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