Ricks Picks

AMZN – Amazon (Last:1917.72)


We’ve been using a rally target at 1842 for quite some time, but with this update I am going to shift our sights higher, to 1912.86. This Hidden Pivot resistance looks like a good bet to be achieved, possibly within the next 7-10 days, because of the way buyers shredded the 1739 midpoint pivot.  Although a pullback from p2 (1826 here) can often be fatal, my hunch is that it won’t be this time, since price action over the last two weeks looks accumulative rather than distributive. _______ UPDATE (Apr 23, 11:55 a.m.): Assuming the stock can get past 1923.57, a secondary Hidden Pivot shown in this chart, we should used D=1982.86 now as a minimum upside objective for the near term. _______ UPDATE (Apr 29, 11:03 p.m.): The 1982.86 target is sufficiently compelling that you should consider buying some near-term, out-of-the money puts when the stock gets there. This recommendation is for subscribers who have held a long position for at least a portion of the move up, which has been in increments that matched bullish targets provided here over the last seven weeks. _______ UPDATE (May 8, 9:05 p.m.): Buyers appear winded, so expect them to take this behemoth lower before they make yet another attempt to reach 1982.86.  A fall to 1845.63 would generate the first bearish impulse leg we’ve seen on the daily chart since December.

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Tuesday, August 20, 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, August 20. Click below to register or get more information.

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