Ricks Picks

$AAPL – Apple Computer (Last:199.91)


We have a sequence of rally targets at 205.51, 209.18 and 216.08 to keep us in stride with the bullish herd, but there’s an alternative picture that deserves caution. Notice that AAPL has rallied back to the green line after falling beneath the midpoint Hidden Pivot support at 174.20, producing a valid signal to get short ‘mechanically’ at 194.75 (stop 215.31). The signal is weak, however, because the dip to around 170 did not quite get down to our sweet spot near 164, and that’s why I am not recommending the trade. Regardless, the signal itself is reason not to get too comfortable with the idea that a push toward 2018’s record high at 233 is inevitable. _______ UPDATE (Jul 8, 3:44 p.m. ET): Friday’s 205.08 high came within a millimeter of the first of our three targets, 205.51, so consider it fulfilled. AAPL underscored the accuracy and importance of the target by plummeting $7 since.

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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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