I don’t trust this rally any farther than I could heave an anvil, but if you look at the chart and pretend it belongs to a trading vehicle that you like — gold, for instance — the short-term outlook is undeniably bullish. Assuming the 1182.50 point ‘C’ bottom of the pattern shown holds, the next pop should reach 1205.75, a Hidden Pivot, or perhaps a secondary target at 1208.25 if it’s exceeded. More immediately, the futures will need to get past the 1194.25 midpoint resistance tied to the lower target. Camouflageurs looking to get long won’t have much to work with, since the point ‘B’ of any micro-impulse leg you might use to do this would have to occur at exactly 1199.75. The chart shows why. ______ UPDATE (9:16 a.m. EST): The 1205.75 target caught the overnight top, 1206.00, within a single tick. The futures have since receded by a 13 points to a pre-opening low of 1193.00
Comments on this entry are closed.
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
Tuesday, April 17, 2018
The consistent 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, April 17. Click below to register or get more information.
Tariff Fears Aren’t All That’s Troubling Stocks
NFLX Leaps, but AAPL and Others Fail to Follow
FAANG-Mania Closing on Some Key Targets
End-of-Day Selloff Had a Whiff of Fear
The Silver Lining for Fed-Watchers
What Are These Men Thinking?
‘Dismal’ G7 Meeting Is Just Poker
Bad News for 14 Million of Us
Dow’s Surge Leaves No Doubt About the Next Rally
AMZN: The ONLY Stock That Really Matters