Sharpshooting the E-Mini S&P

EST

There were things for traders to do on Wednesday, but only if they were willing to hunker down on the lesser intraday charts for a tedious stretch of hours. One such opportunity is described in the current tout for the March E-Mini &P contract (see below). It is still ‘live’, with an unachieved target at 2240.00 that lies nearly 20 points below where the futures were noodling around as we went to press around 7:50 p.m. EST.  Scalp-trades were possible from either side of the market, based on Hidden Pivot levels shown. I expect them to precisely define — make that, control — the mild selloff, assuming it continues overnight and on Thursday. If the March contract is going to turn around, look for it to happen at the 2254.75 midpoint Hidden Pivot, give or take no more than two ticks. _______ UPDATE (Dec 22, 9:52 a.m.): The futures have opened with a bounce from 2254.00, three ticks beneath the support noted above. In my estimation, that implies more weakness today. Bulls could turn things around, however, with a print at 2263.00.

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Tuesday, September 26, 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.

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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