A Chart Nerd Wets Himself


Is this exciting, or what? I’ve been drum-rolling a potentially very important low in VXX for months. Lo, the little weasel touched my 26.32 benchmark early in the session, allowing subscribers to buy high-leverage call options that had traded for as much as 7.18 in December for 90% off. A case of all good things coming to those who wait?  Not necessarily. This is a speculative bet at best — one that goes against a downtrend that has been in motion for longer than most of us permabears would care to remind ourselves. We had a correspondingly important target to watch in the E-Mini S&Ps, and how very satisfying it might have been had the target precisely contained Wednesday’s rally. Alas, it was not to be. The futures traded fully four points above it — enough for bulls to demonstrate that they are not about to be, um, cowed. Both trading vehicles left Pivoteers on edge at the end of the day, finishing millimeters from their respective targets.  The VXX target is such a beauty that, from a technical standpoint, we’ll have no alternatives to titillate ourselves with if it’s obliterated over the next few days.

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Tuesday, January 8, 2019

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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