Ricks Picks

AMZN – Amazon (Last:1867.99)


Buyers have tripped a ‘counterintuitive’ entry at the green line, x=1852.08. The trade was and still is a very good bet to reach the midpoint pivot at at 1888.41. However, anything above that if you are long could be pushing your luck. This implies that getting short with put options at ‘p‘ will yield decent odds, provided you use a tight stop-loss. Check in the chat room if the trade gets close, since I may be able to provide real-time guidance.  The reason we shouldn’t be too optimistic about the rally is that it is occurring after a failure on the last run-up to reach a well-advertised, perfectly clear target at 1982. We shouldn’t presume that the top is in for the ten-year-old bull market, but if it were it would be signaled by a trend failure such as the one I’ve noted. If this trend also fails to reach D=1961.06, it would raise the odds that significant weakness is creeping in. A failure would be signaled by a pullback below C=1815.75 without AMZN having reached 1961.06.______ UPDATE (May 16, 10:35 a.m.): Today’s take-no-prisoners short squeeze has reminded me that the 1982.86 target is still valid even though it was nearly achieved on the run-up two weeks ago. _______ UPDATE (May 19, 10:09 p.m.): If we stop believing the 1982.86 target will be reached, that’s the same as believing the 10-year-old bull market is over, finito. Perhaps. But let’s adjust our bias one small step at a time, first by monitoring price action at p=1857.70 in this chart.  An easy breach of this Hidden Pivot support would put the 1797.89 target in play. _______ UPDATE (May 20, 8:32 a.m.): Just for good measure, let me mention that 1774.26 would be become the minimum downside target if 1797.89 gets shredded. It can be found by moving the point ‘A’ high up one rung.

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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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