Thursday, December 22, 2011

If You Need Convincing…

– Posted in: Tutorials

If you need convincing that our proprietary "camouflage" tactics can very nearly eliminate the stress and dollar risk of trading such vehicles as Comex gold and silver contracts, this lesson is a must. Because bullion futures had triggered bull trades the previous night, we dissected the opportunities this had presented with great care. The effort paid off with some of the subtlest details we’ve uncovered to date in our ongoing effort to improve “camo” trading results.

Shorting Silver?

– Posted in: Free Rick's Picks

Shorting gold and silver via camouflage will take some getting used to, but we may as well try to make hay as long as weakness is the prevailing mood.  A subtle opportunity in Silver was developing late Wednesday night, and so I've sketched it out hypothetically.  If it doesn't pan out you could also try bottom-fishing in the same vehicle at a downside Hidden Pivot I've provided.)  _______ UPDATE (2:27 a.m. EST):  Overnight, our respective bids in Comex Gold and Comex Silver missed buyable bottoms by a total of four ticks.  Fortunately, there will always be other opportunities.

SIH12 – March Silver (Last:29.250)

– Posted in: Current Touts Free Rick's Picks

A bottom-fishing setup similar to the one I've featured in today's gold tout is where night owls should look for action. The 'p' midpoint where you can attempt it lies at 29.045, and you may use either camouflage, or more dangerously a three-tick stop-loss. The futures would be signaling further distress over the near-term down to as low as 28.505 if the midpoint support is easily breached. If you'd prefer trying to short this vehicle, the 15-minute chart holds some enticing possibilities. Check out the inset if you want to see a subtle one that was developing shortly before 10 p.m. EST. _______ UPDATE (1:59 a.m. EST):  The midpoint bounce we were expecting came at 10:00 p.m. from a single tick above the 29.045 pivot, so officially --and by a hair -- we did nothing. The 15-cent rally that ensued would have more than covered the three-tick stop-loss, but it was not to be. The futures subsequently relapsed to a so-far low tonight of 29.010, but there was no reason to have looked for 'camo' opportunities, since that number is Nowheresville relative to the 28.785 'D' target tied to the one-off 'A' shown (though not labeled) in the chart.

GCG12 – February Gold (Last:1610.10)

– Posted in: Current Touts Rick's Picks

Night owls should train their attention on the Hidden Pivot midpoint at 1604.00 shown in the chart, since it might be the best opportunity you'll have to try bottom-fishing.  Risk no more than $60 per contract initially, implying you'll need to get long via camouflage. You can bid 1604.10 straightaway, stop 1603.80, but that is a riskier way to go. Please note that the futures will be signaling a further fall to at least 1586.00, the 'D' target of the pattern, if the midpoint support is brushed aside. ______ UPDATE (1:48 a.m. EST): Cancel the order. Word is that Morgan, Goldman and a cabal of bullion bankers front-ran us on this one.  The so-far low of the night is 1604.40, three ticks shy of our bid, and the bounce from it, to 1610.80, would have been worth a cool $640 per contract to us on paper.

ESH12 – March E-Mini S&P (Last:1235.25)

– Posted in: Current Touts Rick's Picks

Yesterday's tout turned out to have been unnecessarily wary of a short-squeeze.  Why no ambush? As I've suggested in today's commentary, perhaps the bears who played patsy for Tuesday's big rally had misgivings about the supposed significance of the news concerning Spain's last bond auction.  For Wednesday night, the only intresting opportunity that beckons right now is a bid at the 1226.50 midpoint of the pattern shown. Camouflage is preferred, using an entry point on a chart of lesser degree, but if you'd prefer the easier route, placed a 1225.75 stop beneath your 1226.50 bid.  You'll be on your own if this one fills. Please note that a move overnight above the 1239.50 point 'C' would invalidate the trade.