Today’s commentary describes exactly what must happen for Comex Gold to generate the most bullish signal we’ve seen in months. Specifically, the August contract must surpass the two labeled peaks without a corrective pause once the first has been exceeded. That would create a bullish impulse leg on the hourly chart, with the implication that any subsequent pullback be viewed as a buying opportunity. Camouflageurs, take note: If the b-c pullback comes from a high just a tick or two above the 1254.30 peak (#2), that could provide a very subtle — and therefore low-risk — way to get aboard.
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Tuesday, August 1, 2017
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.
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