Although stocks spent most of the week churning, nothing seems to be able to bring them down for more than a day or two. Unemployment and non-farm payrolls numbers will be released Friday morning, and although economists and Wall Street pretend to care about this fundamentally meaningless data, it’s hard to imagine the broad averages going on a tear if the NFP figure released is within 25,000 either way of the 175,000 new jobs expected. If I’m wrong and hysteria breaks out, as it often does on Wall Street for no good reason, fade the initial move, especially if it’s up.
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Tuesday, November 28, 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.
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.
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