Thursday, September 10, 2009

GCZ09 – Comex December Gold (Last:994.30)

– Posted in: Current Touts, Free, Rick's Picks

The short-term picture would turn mildly menacing if December Gold were to print down to 981.40 today. There were no promising handholds for nightowls as of 7:10 p.m., but I'd suggest looking on the 5-minute chart if you are seeking camouflage to get long with a penny-ante stop-loss.

GS – Goldman Sachs (Last:174.14)

– Posted in: Current Touts, Free, Rick's Picks

Our offbeat "strangle" in Goldman is starting to work, since the September 170 call we bought for 2.00 traded as high as 3.40 yesterday.  Its purpose was to slightly leverage the upside, thereby lowering the effective cost of four Jan 130 - Oct 130 put spreads that we also hold (for 3.40 apiece). Today only, offer the call to close for 4.80.  If the order fills, it will reduce our cost basis on the spreads to 2.70.  

DXY – NYBOT Dollar Index (76.98)

– Posted in: Free, Side Bets

My minimum downside expectation is still 76.05, a Hidden Pivot that you can  interpolate for trading purposes in whatever way you choose.  If the support is breached, look for the weakness to continue down to at least 75.57 […] Read More

HGZ09 – December Copper (Last:2.9050)

– Posted in: Current Touts, Free, Rick's Picks

The futures blew past a 2.9048 midpoint resistance so easily that we should infer that the _____ Hidden Pivot target with which it is associated is very likely to be achieved.  A pullback to the midpoint should be viewed as a buying opportunity, but I'd wait for the turn higher, assuming it comes, so that you can board on a "camouflaged" signal.

Gold Waiting to Pounce on Summit’s Failures

– Posted in: Commentary for the Week of March 8, Free

With the G-20 meeting in Pittsburgh just two weeks off, we didn’t expect gold’s widely anticipated push past $1000 to be a piece of cake. Indeed, Bernanke & Friends are probably throwing everything they’ve got at gold right now to suppress its price. And for all we know, Uncle Sam has loaned every ingot (supposedly) […] Read More

ESU09 – E-Mini S&P (Last:1036.25)

– Posted in: Current Touts, Free, Rick's Picks

The futures look like they are still on track for a predicted surge to 1053.00, although the bullish argument would weaken if they haven't accomplished this by Friday.  Although the September contract failed to push past some key, late-August highs near 1038.00, most of the action took place close to those highs and well above the meatiest part of the supply zone beneath them. Night owls can try bottom-fishing at 1029.75, a midpoint pivot, using a stop-loss no wider than 1.00 point. If the trade works, consider taking partial profits or implementing a trailing stop as early as 1033.00. _______ UPDATE (1 a.m.): The pullback went no lower than 1030.75, missing our bid by a full point. Signs now point to a minimum ______, or _____ if any higher. Either can be shorted by scalpers using a very tight stop-loss, but you'll be on your own thereafter.



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Master the Secrets
of Hidden Pivot Analysis

The laser-like accuracy of Rick Ackerman’s forecasts are 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.

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