With Athens streets engulfed in flames, there is no doubting the sincerity of Greece's austerity pledge. Nor can we underestimate how dire the country's financial crisis will become if the bailout money does not arrive soon. We know this is so because even socialists in Greece's parliament are supporting the deal with Europe's bankers. Try […] Read More
When the music stopped yesterday, the futures were in the throes of a tiresome correction that could go as low as 1713.00. The fact that the downtrend slightly pierced the 1721.40 midpoint associated with that Hidden Pivot support augurs more weakness, presumably minor, over the near term. Tightly stopped bottom-fishing is advised at the lower […] Read More
Someone mentioned in the forum that recent lows had precisely caught a midpoint support near 519 that was flagged in the HUI video below. While this may be true, the pivot looks mighty shaky at the moment, and if it gives way the Gold Bugs Index would be vulnerable to a further fall to at […] Read More
Earlier, I'd suggested keeping a close eye on NYMEX crude, since price action in the futures is capable of alerting us in advance to the outbreak of war in the Middle East. The March contract has been creeping higher for the last week or so and settled above $100 a barrel yesterday, but it'll take […] Read More
Come tomorrow, the 1353.00 pivot will have held for a week, hinting that the short-covering that has been driving stocks from one plateau to the next is not of the rampaging variety; rather, it is of the quietly psychotic variety, premeditating each new leap on the basis of whatever the latest, fabricated GDP/payroll numbers and […] Read More
Americans can take comfort in the likelihood that the showdown between mortgage lenders and homeowners will not resemble Greece’s battle-to-the-death with its creditors. In the U.S., the banks are slowly losing ground to a populist, election-year tide that eventually will force lenders to accept a moratorium on mortgage debt for tens of millions of homeowners. […] Read More
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
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.
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, May 24. Click below to register or get more information.
This 9-minute video explains Rick's trading and forcasting method.
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