When using the ‘camouflage’ technique to find low-risk entry points, the subtlest set-ups will usually work best. But how subtle is subtle? Fast-forward through the first 50 minutes of this recording and ponder the trade we found in LinkedIn, because it’s a gem of obscurity. This is a nearly perfect ABC opportunity that played out amidst the tedium of a sideways move that would have put our trading competitors to sleep.
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Previous Wednesday Recorded Tutorial
The Two-Minute Work Day
By Rick Ackerman on February 6, 2014
Even when the markets are brain-dead, as they were when we looked in on them on this particular morning, there will always be opportunities for the canny trader to exploit. We found some good ones here, but it required zooming down to Amazon’s 4-second bar chart in search of the ever-elusive fat pitch. Price activity at that level is always going to be frenetic and challenging, but if there’s a $400 payoff at the end of trade that takes just 90 seconds to complete, then what’s to lose from trying? If you’re keen to understand the dynamics of ‘camouflage trading’ on the tick charts, you will find this lesson well worth your time.
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Previous Wednesday Recorded Tutorial
When Everything Goes Right
By Rick Ackerman on January 30, 2014
Sometimes a trend is so strong that every entry signal produces a profit. This implies that trades initiated at ‘X’ achieve their respective midpoint pivots, at least, without having to create a second point ‘C’. For successful traders, the trick lies in knowing which days such conditions will obtain. In this lesson, we considered some instructive set-ups in LinkedIn (LNKD) where it was possible to predict, from the opening bell, that everything would be going our way.
