ESZ12 – December E-Mini S&P (Last:1381.50)

For tracking purposes, we remain short a single contract whose 1470.00 cost basis reflects paper profits taken on three more contracts originally shorted at 1399.25. Stick to the 1388.25 stop-loss given here earlier. If it’s hit, the theoretical gain on exit would be $4600.  Hard to say how much more mileage DaBoyz will be able to squeeze from seasonality and the heavily oversold readings that obtained until Monday, but if they can waft this gas-bag above the 1399.75 ‘external’ shown, they’ll have unchallenged control of the game through Black Friday, at least.

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The laser-like accuracy of Rick Ackerman’s forecasts are 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 19. Click below to register or get more information.

Knowledge Base Link

Rick’s short takes

An introduction to the Hidden Pivot Method

This 9-minute video explains Rick's trading and forcasting method.

Other video Tutorials

How to set up a "Jackpot Trade" using expiring options

Rick's Picks Calendar