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Tuesday, September 22, 2009

The Dollar Index is giving off mixed signals, consolidating just below a midpoint pivot after creating a strongly bullish impulse leg yesterday on the hourly chart. If the retracement goes lower than the 'd' target at  76.33, the whole bullish enterprise would become suspect, notwithstanding the dog-and-pony show slated in Pittsburgh this week. - […] Read More

The futures failed to reach a targeted pullback low at 993.00 yesterday, suggesting that  the bounce off the actual low at 996.30 is likely to reach its 'D' target, ______.  The futures appeared to be corroboraating this scenario Monday night by pushing above the uptrend's midpoint pivot.

The futures have the potential to hit _____ on the next thrust - a target that has been corroborated by the stall within two ticks of its sibling midpoint 120^11.  The best way to board would be to use a camouflage 'B' that is recorded somewhere between 120^14 and 102^16.The opportunity could come and go quickly, so you'll need to be ready.

Putting aside the two targets in the stratosphere that I flagged here yesterday, there's a minor corrective one at 1052.25 that you could use for bottom-fishing with a stop-loss as tight as two ticks. Please note that it would take a print today at 1047.50 to turn the hourly chat bearish. ______ UPDATE (1061.25):  The stop-loss would need to have been at least four ticks, since the actual low occured at 1051.50. The subsequent bounce points to _____, subject to midpoint resistance at 1063.00, but neither number looks like it will be worth much for tradng purposes.

   [Rick has been under the weather with a possible case of food poisoning. Filling in for him today is Chuck Cohen, a financial consultant whose work will be familiar to many of you. The following appeared at over the weekend. Chuck thinks that as long as the news media continue to stumble around […] Read More

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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, December 1. Click below to register or get more information.

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An Introduction to the Hidden Pivot Method

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