Ricks Picks

GCQ19 – August Gold (Last:1331.20)


We’ve been using the 1412.20 target shown in the chart to stay on the right side of the trend. It’s not quite a done deal, however, because the rally pulled back to the midpoint pivot at 1325.60 for a day before getting second wind. This suggests, if not weakness, then a mild hesitancy. It will not likely prevent the futures from achieving D=1378.00, but we’ll let price action at that ‘hidden resistance’ determine the odds of the higher target being achieved. Please note that a pullback to the red line would trigger a mechanical buy, stop 1308.10. A somewhat less risky bet would be to place our bid at the green line (1299.40), stop 1273.10. _______ UPDATE (Jun 11, 5:55 p.m. ET): If you bought at the red line (1325.60), exit half now for a profit of $560 per contract. Offer one of the two contracts remaining at 1347.30, o-c-o with a stop-loss at 1325.50 on two. _______ UPDATE: The rally has hit 1348.90 so far, allowing a profitable exit at 1347.30 on the third of four contracts (or multiple thereof) originally bought for 1325.60. The theoretical gain on this trade now totals $3290, plus an additional paper gain of $2170 for the contract still held. _______ UPDATE (Jun 14, 9:50 a.m.): I’m heartened to have heard from numerous subscribers who actually did the gold trade. At this point it’s a straightforward play for 1412.20 on the final contract (or final 25% of your position). With a $6000 profit to cushion you, you can afford to give this one a generous stop-loss. An impulsive stop using the hourly chart would take you out at 1337.20.

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Tuesday, October 15, 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, October 15. Click below to register or get more information.

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