December Gold is advancing on a rally target that is still $22 distant, so night owls might want to take a look at Wednesday's tout, since it provides visual suggestions for getting long belatedly via camouflage […] Read More
Apple's most recent feint lower missed our 362.22 target by a little more than a buck, suggesting this reversal could be tradable. If so, we should look for a 'camo' entry opportunity at 381.44, the conventional 'x' entry point of the rally pattern; or near 399.55, its Hidden Pivot midpoint. The target we'd be shooting […] Read More
Achieving a modest rally target at 32.775 is proving to be quite a task, although a newly feisty gold appeared to be tugging this vehicle higher early Tuesday evening. The midpoint resistance associated with 32.775 lies at 32.110, and so any slight progress above it would have tradable implications for the near term. Ideal camouflage […] Read More
The futures were stymied yesterday trying to reach a somewhat ambitious rally target at 1746.80 (see inset). The 1725.40 midpoint has yet to be touched, but if and when the futures push above it, the implied $21 follow-through would become an odds-on bet. _______ UPDATE (Moments later): The futures have popped $4, to $1726, in […] Read More
There's little I can offer you today, since the futures spent most of yesterday correcting the weakest impulse leg I've seen since the last groin pull on Dancing With the Stars. In theory, the next pop higher would be to 1208.25, predicated on a breach of the Hidden Pivot's 1198.50 midpoint. In practice, you'll have […] Read More
Because securities markets sometimes do crazy things for stretches of days, weeks or even months, Rick’s Picks seldom attempts to reconcile seemingly contradictory forecasts for trading vehicles that are related, such as crude oil and gold (more on these two in a moment). Nor do we seek to explain the ups and downs of stocks, […] Read More
Two bearish patterns that have been weighing on this vehicle are so clear that lower prices seem likely. My worst case target is 2.305, well beneath the so-far multiyear low at 3.470 that was recorded a week ago and 35% below current levels. It is the 'D' Hidden Pivot target of the pattern shown, and […] Read More
Because the camouflage technique has proven so effective in minimizing entry risk, I have much favored it over conventional trades -- i.e., "old-style" against-the-trend Rick's Picks recommendations using micro-tight stops. However, because we've got "house money" to play with as a result of yesterday's felicitous trade in December Gold, I am recommending that you risk […] Read More
Use the 31.755 target of the pattern shown to buy four contracts with a three-tick stop-loss. If the order fills and survives till morning, I will post further guidance. However, you should take half the position off if it goes in the black by nine ticks (i.e., 4.5 cents), and stop yourself out of the […] Read More
We took the money and ran yesterday, exiting the last piece of a long position at 1709.00 on a stop-loss. The position was held overnight and produced a theoretical gain of $2200 for each initial four-lot acquired. I have mixed feelings about bailing out, since one of these little rallies that we've boarded is going […] 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.
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