Ricks Picks

DXY – NYBOT Dollar Index (Last:97.47)


Dollar bears seem to be everywhere these days, so perhaps it’s a good time to revisit the longer-term charts, which remain bullish. Notice that each visually significant upthrust in the Dollar Index exceeded an external peak. This has serially refreshed the bullishness of the chart while implying that any bout of weakness is merely corrective.  However, a key resistance lies not far above in the form of a 100.71 midpoint Hidden Pivot. Although this number can be used as a minimum upside target for now, DXY would need to push decisively above it, to perhaps 103 or higher, before we could infer that the 113.16 ‘D’ target is solidly in play. At that point, p2=106.93 could be used as a minimum upside objective.

In an earlier DXY tout, I provided a long-term view as well as a detailed explanation of why I think the dollar is ultimately headed much higher. (Note: DXY represents a basket of currencies that is 60% weighted toward the euro.)  An extremely strong dollar would be congruent with the global deflationary collapse that I believe is necessary to correct millennial excesses of debt in the financial system. I see this as unavoidable. For my essay on the coming debt deflation, click here.

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Seminar Information page.

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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