Registration is still open for our next class, to be held on April 28th and 29th.
This online course consists of two three-hour sessions and three months of free access to our regular Wednesday tutorial sessions. This course is given online, but its content is identical in all respects to the one Rick has taught live around the world. And all graduates gain free 24/7 access to recorded versions of previous classes, which can be very useful for refreshing and perfecting one's Hidden Pivot skills.
Hidden Pivot Webinar Attendees Receive:
Webinar sessions
Two three-hour sessions held over two days—where you will fully learn the ins and outs of Rick's proprietary Hidden Pivot Method.
Weekly tutorial sessions
Free access for three months to Rick's Hidden Pivot Method online tutorials. Every Wednesday, Rick conducts these one-hour review sessions that include Q&A with participants.
Online recordings
Free access for three months to recorded versions of our weekly tutorial sessions, just in case you missed them. Review them any time you like.
Printed material
The 150-page course manual describes the Hidden Pivot Method in detail.
Once you register, you'll receive the course manual by regular mail. The only other things you'll need are a computer with high-speed Internet access and a headset that plugs into the computer. That will allow us to use VOIP audio and a number of other interactive features offered by GoToWebinar. No further preparations are required, since you'll be prompted by a VOIP set-up wizard when you enter the class. It should take no more than 30 seconds to adjust your headset/microphone.
The Hidden-Pivot Method
The method I use to forecast swing points and trends is the most accurate and powerful I’ve discovered in 30 years of trading. It is also by far the simplest, requiring little more than junior high school math to do the necessary calculations. I first learned about this amazingly precise method of analysis from a floor trader on the Pacific Stock Exchange named Ira Tunik. At the time, Ira was using the cycles work of J.M. Hurst, a pioneer in the field of technical analysis, to make a very good living on the options floor. When he retired as a pit trader in the late 1980s, he shifted his nest egg mostly into bonds, which at the time were providing annualized returns approaching 10 percent. However, when interest rates began to decline from those cyclical peaks, Ira realized he would need a foolproof trading strategy to live well off his savings without having to dip into principal.
Can a powerful trading system be this easy ?
Over the next year-and-a-half, Ira delved exhaustively into the world of trading systems, reading every book he could find on Elliott Wave Theory, Gann Angles, Pyrapoint, Fibonaccis, oscillators, stochastics -- even astrology. The system he finally settled on was called Lindsay’s Trident. But for reasons explained below, it took us both several more years and many modifications to tweak the system into its present, very powerful form. For starters, we discarded the core principle of Charles Lindsay’s trend-following system, substituting some stunningly effective corollaries that Lindsay himself evidently had failed to recognize. The result was a rules-based system that, combined with a little street-sense, can outperform some of the most powerful black box systems ever devised.
Stocks Breathe
At the heart of the system is a simple observation -- that stocks breathe in and out, and that for every zig in a chart there is a zag somewhere else that corresponds to it exactly. Think of it as a flux of yin and yang energy seeking equilibrium at all times. Once you are able to identify the complementary zigs and zags, it becomes possible not only to discern the fundamental rhythms of the market, but to use this knowledge to predict price swings with uncanny accuracy. This means, for one, that stop-losses of a point or less can be used to trade the Mini-S&P futures. Also, counter-trend entries are possible in the opening minutes of the day, when even the pros are typically on the sidelines waiting for the dust to settle.
Buying where the competition fears to go
This allows us to initiate trades at “uninteresting” prices where relatively few predators
will be ready to pounce. The result is that we can gain a statistically significant edge on the most tedious, range-bound days. Everyone who has traded index futures has experienced such days: the market establishes a range in the first 30-90 minutes, then spends the rest of the day making fools of those who would attempt to second-guess, or “pick,” that range.
But what if you could initiate trades before a range had even been established – and at a price which to most other chartists would look like the middle of nowhere, so to speak? That is exactly what the Hidden Pivot System allows you to do, enabling you to exit the market with a fat profit before the competition has had a second cup of coffee.
The beauty of the system is that you don’t have to be a math whiz to master it. My Hidden Pivot rules are more visual than mathematical, and they can be applied to potent effect by anyone with the patience and diligence to monitor weekly, daily and intraday charts over time. Speaking as a “permabear,” I should mention that the system has been particularly useful to me, since it allows me to override my innate bearishness with mechanical objectivity. I am a bear’s bear by inclination. Armed with this system, however, I am perfectly comfortable being a raging bull when the signs are right. (Note: You’ll receive a Hidden Pivot calucaltor with your course materials.)
How It Works
How does the system work? To start with, I always try to visualize the price movement of stocks, commodities, options and indexes in the perspective of an ABCD pattern such as the one shown above. Unlike Elliott Wave Theory, which is rooted in trend patterns with five legs and corrections with three, my method distills all of the action down to three legs. It also sidesteps the often daunting task of distinguishing corrections from trend moves. Those who are familiar with Elliott Wave Theory know that even EWT experts sometimes bog down in the choppy seas of corrective patterns. Terms such as expanded flats, extended or truncated fifths, double and triple threes, zigzags, and contracting, ascending and descending triangles are all part of Elliott Wave terminology, and they must all be mastered by the chartist who would attempt to forecast accurately and profitably. However, Hidden Pivot strategies, on the other hand, shun such complexities, focusing instead on the most fundamental rhythms of the market. If you can distinguish good art from bad, you can learn the Hidden Pivot Method.
So how do I keep from getting fooled or confused by corrective patterns? Simply by treating them, not as corrections, but as ABCD patterns unto themselves. Remember, I said that all price action can be reckoned in ABCD terms. This means that the B-C leg of the pattern above can itself be divided into an abcd structure, as follows:
The 'cd' leg contains a treasure of information
The subdivision yields no crucial information per se, but if one applies a simple test to the abcd pattern, specifically to its c-d leg, he will be rewarded with a cornucopia of tradable information. For example, if the midpoint of the c-d leg is hit precisely and a rally ensues, you can be confident the rally will reach the ‘D’ target of the larger pattern just as precisely. This rule, as well as many others that are equally useful, are discussed regularly in my newsletter, Rick’s Picks, with charts to illustrate.
Trident’s Inventor
Ironically, the originator of the system never completely understood how powerful it was. The Trident System was developed in the early 1970s by a man named Charles Lindsay, who marketed it in seminar form with Larry Williams, commodity trader extraordinaire. The seminar had an unusual marketing gimmick: Students could pay the hefty tuition fee out of trading profits. No profits, no fee. Trident is still available in book form from Windsor Publishing, but its rudiments can be encompassed in a single chart:
'The Trident' identified just one entry point
The crux of Lindsay’s method was to wait for an AB impulse leg to form; then, after a BC pullback into a rule-based “window,” the trader would initiate a position exactly 25% (point ‘X’) along a follow-through leg that one presumed would eventually equal AB in points. After entering, the trader would to place a stop-loss just below point ‘C’.
An Obvious Weakness
One obvious weakness of this system is that it limits itself to just a single entry point along the entire length and breadth of the ABCD pattern. In the chart above, assuming it is of daily-bar magnitude, that could mean two or three week of waiting for one good entry opportunity. Another problem is that point ‘X’ is intuitively too obvious – a grazing spot where you and just about every other trader will instinctually be waiting to get long. Think about it. If you were looking to trade a stock and it suddenly shot up, producing a nice, robust AB impulse leg like the one in the illustration above, you would probably be thinking, “Geez, that was one heckuva rally I missed.” Still game to trade, you’d hope for a pullback – one that presumably would provide a comfortable spot to enter. Of course, you’d be nervous about buying the stock while it was still falling, so you’d look for a sign that the correction had ended. What better sign than a nascent uptrend? Typically, the comfort zone for buying this rally belatedly would occur somewhere around point X. Am I right? If you’ve ever traded stocks or commodities, you can understand why, in the midst of the picture-perfect rally described by the chart, jumping aboard at or near point X would feel entirely natural.
Then, as we know all too well, XYZ shares will fall just far enough to stop the herd out somewhere below point C. The stock will then turn sharply higher, and it’ll be “off to the races!” So how do we take advantage of this lovely pattern without getting burned? Recall what I said earlier, that Ira and I discarded Lindsay’s core principal, focusing on its far more useful corollaries. Specifically, we tossed out the notion that only point X works as an entry spot. By watching this pattern play out many thousands of times on the one-, five-, and fifteen-minute bar charts, we were able to determine more than a dozen additional entry points, both long and short, along the path of ABCD.
In the chart below, this implies you would get long at A; short at B; long at C; even longer at X; take partial profits at P; and exit at D -- or even reverse the position by shorting at D.
Milking every drop of opportunity from an uptrend
The system would be a winner if it merely yielded the microscopically accurate swing points that it does. But in fact it can do much more. An especially powerful feature of the system is that it can determine at all times which trend is dominant – up or down. By observing price action at the midpoint of follow-through legs (i.e., along ‘cd’), one can predict with confidence, precision and consistency the continuation of trends, or, alternatively, their termination.
Hidden Pivots and Risk Control
Veteran traders are wont to say that “the trend is your friend,” insisting that no system which trades against the trend, as this one appears to do, can make money consistently. I like to reply simply that we are not trading against the trend; rather, we are initiating positions at the very first tick of new trends. Indeed, the system is so accurate that bids must often be placed a tick above or below tradable swing points, since buying or shorting at the actual pivot risks missing the trade because of liquidity problems.
I usually refer to these swing points as “hidden pivots” because they are not on the radar screens of conventional chartists. In practice, I do not usually initiate trades at hidden pivots that are coincident with support and resistance lines, trendlines, Fibonaccis and other price points that are widely observed and likely to be well anticipated. It’s always a thrill to catch a ride at a reversal point that has obviously caught the crowd unawares. And what better way to start the day than with a profitable trade executed amidst what most traders would describe as opening-hour chaos? This system not only makes it possible to do so, it also allows rigorous control of risk to a degree that is all but impossible to achieve with other methods.
What People are Saying
| I recently took the course and was more than happy with what I got for my money. I took it to help me with targets and set-ups, but I'm finding that his setups are just as good if not better. |
| Jeff Moench |
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| Take Rick's course, be patient, and before you know it you'll be making money on days like today. |
| Evert Pretorius |
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I urge you to take the class. I will never look at charts the same again. Rick is a superb craftsmen and teacher. I have made back the cost many
times over both from trades taken, and just as important, trades that I stayed away from. |
| Ed Duffy |
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| I just took the Hidden Pivot seminar and want to say how well done it was. Rick did a very professional job and didn't waste our time with stories
like a lot of other trainers I have been exposed to. I highly recommend the class and intend to become contributor to the chat room as I develop my
skills. |
| Mike Spomer
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| I took Rick's course a year ago and strongly recommend it. The course and weekly tutorial sessions will embed the Hidden Pivot system for you. I've made many times the course fee since I took it. |
| Tim L. |
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Your rules based system has really put it together for me. |
| Jim Noetzelman
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I was a buy-and-hold investor before taking Rick's course. I'd not done any trading apart from following some option recommendations. Now every
investment is a trade, whether it be several weeks or months, or a couple of days, or even intraday. I am now comfortable working out my own trades
and most importantly having the tools to work out when to exit if the trade doesn't pan out. For options, I used to have half expire worthless and
half good winners. Probably making no money overall. Rick teaches you risk management as well as giving you the tools to work out your own trades.
I still consider myself a relative trading novice, but have recouped the course fee by quite a few multiples since the beginning of the year. |
| Tom L |
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The cost of the seminar and subscription are easily covered by a couple of the no-brainer trades Rick posts. |
| Mark
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| I can say without equivocation that the course is highly worth taking. It totally changed my trading and turned me into a much better trader. Also,Rick is great about doing the weekly session for course grads to go into the nuances and depth of the system. |
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Jack Glaser |
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I have only been trading 18 months or so and now make a living with my trading. Hidden Pivots are one of only a few methods I use. |
| Paul Coghlan
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Registration
Don’t delay—we are currently taking registrations for the next webinar. Once you have registered and your payment has been authorized, you will receive an e-mail confirmation with a password to enter the classroom, and your course manual.
If for some insurmountable reason you find you are unable to attend the class for which you have registered, you can choose a future class instead, and your tuition will be applied to that class. The deadline to reschedule with priority rescheduling privileges is the Monday before the class. If you give us ample time to fill your spot, we will do everything possible to get you into the next class that you select. If you notify us of your desire to reschedule later than the preceding Monday, you will still be able to take the class at a later date, but on the same first-come-first-served basis as new students.
You have one year from the date of the class for which you originally registered, to take the seminar.
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