It is 20 minutes from Friday's close, and chat-roomers have reported buying QQQ Jan 54 puts and Jan 53 puts, respectively, for 0.74 and 0.96. These buys came with the E-Mini futures trading within a hair of the rally targets I'd furnished for the December and March contracts. I am establishing a tracking position for […] Read More
Yesterday's bull trap created an impulse leg with immediate downside potential to 1210.00. The pattern is less than compelling but clear enough nonetheless to warrant bottom-fishing via camouflage at 1228.25. That's the target's midpoint sibling, and it promises to at least blunt the onslaught begun from Thursday morning's fleeting high. Alternatively, on a bullish turn, […] Read More
Silver has come cascading down with gold tonight, even if the former is of scant concern to central banks that have trained their heavy artillery on the latter. Our interest in buying the March contract should await a dip to 28.425, a bearish Hidden pivot target noted here earlier. A camouflage entry is advised, since […] Read More
Reputable sources reported that yesterday's mini-crash in gold was orchestrated by sellers that included the U.S. Fed, the BIS and the Bank of England. Under the circumstances, with the central banks doing their sleazy best to temporarily overwhelm sharp rallies in bullion, we can't be too careful initiating trades in gold or in managing position […] Read More
I'll stay closely on top of the lesser charts so that we don't miss an explosive rebound from yesterday's plunge, but my gut feeling -- still -- is that the futures must come down to at least 1633.10-1638.00 to carve out a durable bottom. Regardless, we can get long with impunity and almost at will […] Read More
This demo was done at the invitation of TradersLog.com and starts with a brief explanation of the Hidden Pivot Method. We then took a close look at some key charts that provide clues concerning how the global financial crisis might play out. Our focus was on long-term charts for T-Bonds, U.S. stocks, the dollar and […] Read More
Have you taken a trading course -- or two, or three -- only to find yourself still struggling years later to achieve profitability? Maybe you’re someone with virtually no knowledge of the stock market looking for an alternative source of income if the economy should crash. You could also be bored housewife keen on using […] Read More
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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, Jan 24. Click below to register or get more information.
The Good News, and the Bad…
Straddling the Inauguration
Gold’s Vital Signs
GM’s Chart Suggests U.S. Economy Will Keep on Truckin’
Just Another Friday?
With DEFCON 3 Imminent, We Remain Bullish
Why Inflation Is Unlikely to Return
Bulling-Up on Bullion
DJIA Closing on an Important Target
Is the Surge in Long-Term Rates Over?