Without going too deeply into the technical details, I’ll mention that the Dow Industrials look primed to lay an egg in the days ahead, if not for significantly longer. The ABC-type trade set-up shown in the chart usually works as a kind of bullish springboard, but the fact that buyers couldn’t make hay with it last week is a sign that they are likely to show fatigue when stocks begin to trade anew Sunday night. ‘Counterintuitive’ trades are usually among the most reliable and profitable in the Hidden Pivot arsenal, but this time we may be doing well just to extract a few crumbs from a weak countertrend. If the picture should change, I will try to provide timely guidance in the chat room, so stay tuned if you care. ________ UPDATE (May 29, 12:23 p.m. EDT): With the Dow down nearly 500 points at the moment, it would seem that the headline and forecast sent out last night nicely anticipated the stock market’s behavior. But remember: No matter how placid things may seem on the surface, the stock market is a psychotic beast, no more predictable at times than a rabid mongoose.
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Tuesday, November 13, 2018
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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