Visually obscure subtleties are what we look for during these Wednesday sessions, since they are our most useful tool in identifying trading opportunities that will subject us to relatively little risk or stress. We found some excellent examples during this session while stalking possible trades in the E-Mini S&P and February Gold. We also got […] Read More
We've been using a 28.425 target to keep us on the right side of this move, but I'm going to shift our focus lower, to the 27.010 'p' midpoint pivot of a bearish pattern that looks more compelling to me (see inset). Indeed, the pivot is so well situated that if Feb Gold had not […] Read More
A 1459.40 target identified here earlier might not be the worst of it, at least for this bear cycle, since it is tied to a one-off point A. Using the highest 'A' on the chart, 1925.10, yields a somewhat lower target at 1424.80. The pattern, as you can see for yourself, is too clear and […] Read More
We doted on the 1198.00 target during yesterday's tutorial session, licking our chops at the prospect of getting in at a trampoline bottom. Alas, fatigued sellers were unable to push this pup any lower than 1202.50. The downside target is still valid, as is another less promising one at 1199.75, but bottom-fishing is recommended only […] Read More
We locked in some bear spreads in the QQQ yesterday at great prices. That leaves us in the unaccustomed position of rooting for a rally so that we can complete a bull spread in SPY. We took the first leg of that position on Tuesday at so-so-prices, but we may be able to reduce our […] Read More
Near yesterday's lows, we locked in some bearish puts spreads that carry almost no theoretical risk but which coud produce substantial gains if stocks stay weak into 2012. Specifically, we now hold two January 54-51 puts spreads for a debit of 0.07 and two January 53-50 puts spreads for a debit of 0.03. Both positions […] Read More
The Dollar Index has blasted through key resistance at 80, threatening to “unwind” carry-traders who borrowed dollars for next to nothing in order to speculate on other assets. Chief among those assets is gold, which got savaged yesterday in a $100 selloff that seems hell-bent on testing September’s key low. The low lies at 1543, […] 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.
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Here’s the Set-Up…
Wednesday’s Volatility Bet
Why 30-Year Rates Are Headed to 1.64% or Even Lower
No Rest for the Wicked
Just Because a Rally Stinks…
Straddles Ahead of Freaky Friday?
As Chipotle Goes, So Goes…America?
Eclipse Fails to Spook Stocks
Fed Must Now Confront the Real Threat: Deflation
Rate-Hike Silliness on Steroids