Ricks Picks

AMZN – Amazon (Last:1672.05)

EST

AMZN ended the week looking feisty, but not quite feisty enough to command the broad averages higher when the new week begins. In assessing the stock’s strength over the next couple of days, we’ll skip the subtleties and stipulate, simply, that it must surpass the 1718.93 ‘external’ peak labeled in the chart to shift into high gear. The 1775.75 rally target given here previously will still obtain, but we should put it on the back burner until AMZN re-energizes itself with an  impulsive thrust above the peak. Keep in mind that the stock is still on a ‘mechanical’ buy signal — one we passed up because the dollar risk and the very steep pitch of the last correction were just too scary. Yes, we love such set-ups because they work best when price movement is violent and punitive. In this case, however, ‘instincts’ have overruled the usual protocols simply because we are very probably in a bear market.



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Tuesday, March 5, 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.

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.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, March 5. Click below to register or get more information.

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