Rick Ackerman

Learning how to use the Hidden Pivot Method

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)15:37  dufusRICK, please include me next month make the 'flagship' course available free to newbies who take a one-year subscription, sub already setup, after free trial expires.15:44  RickThat is the plan, Dufus. It is also the only way to learn the basics of my system in detail, since I no longer market or sell any courses for money. The late, great 'flagship' course covers enough ground to make learning advanced tactics via one-on-one consultations a short, easy step. Consultations are available to anyone, but I only divulge the most advanced material to subscribers who have been with Rick's Picks for at least a year, including in the past. One-on-one sessions are geared to teaching each student what he or she needs to know, based on his/her trading goals. Full disclosure: I am getting whipsawed at the moment, using super-duper-advanced tricks to scalp naked-short index options in the final 30 minutes of the session/week. The dickheads popped an option that was supposed to go no higher than 0.74 to 1.23. Who knew They would stoop to such scurrilous behavior? Virus-free.www.avg.com

Chat room note re Bitcoin

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)17:28  StrategyHi I read the Bitcoin article and it says about shorting the bounce. How high is Bitcoin expected to rise before one could begin to short it to 91k area?19:0019:17  RickMuch easier to surf the uptrend than intercept Bitcoin's rallies. Risk-averse set-ups are evolving on a daily/hourly basis. At the moment (Monday, 7:45 p.m. EDT) there are two Hidden Pivot levels that could be used in this way (i.e., to get short): 112,364 and 116,772, respectively. If buyers blow past the first, assume they will reach the second. Risk no more on either entry than you could painlessly lose at the race track. These are scalp-trades, not potential triples and home runs. Virus-free.www.avg.com

A new service, free to Rick’s Picks subscribers: Enhanced Touts

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Dear Subscribers, Here is a link that will provide cost-free access to the Rick's Picks at GoldenMeadow service that debuted today: http://bit.ly/46TFY36 I'll be interested to see how you guys do with these touts, which will be re-scripted so that traders with no knowledge of the Hidden Pivot Method can use them more profitably.  I would be grateful if you would share your results and thoughts with me via email or in the chat room.  Good luck! All the best, RIckVirus-free.www.avg.com

An important note concerning Rick’s Picks ‘touts’

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)From: Rick AckermanTo: All SubscribersSubject: Rick's Picks 'enhanced touts' at GoldenMeadow On Monday, October  13, GoldenMeadow.eu will initiate a new service intended to make my 'touts' easier to use, especially for those of you who are unfamiliar with my trading terminology and the Hidden Pivot Method.  The message below is from Przemysław Radomski (PR), a co-founder of Golden Meadow. It describes the enhancements, which will be offered on a subscription basis for $59 a month. This service will be free to all Rick's Picks subscribers. I will send you a signup link shortly, as soon as I receive it from PR.   Please give it a try, since the new service is intended to make my touts more profitable and easier to understand for all of you. You should also visit the Rick's Picks Trading Room for additional information. All the best, Rick      Rick's Picks: Enhanced Experience Coming to Golden Meadow®Dear Rick's Gold & Bitcoin Radar Subscribers,We're excited to announce significant improvements to Rick Ackerman's service on Golden Meadow®.What's Changing (And Why It's Better)After listening to member feedback and analyzing what creates the most value, we're evolving Rick's presence on Golden Meadow® in three significant ways:Expanding market coverage - Rick's service will now include ALL his market signals across gold, bitcoin, stocks, and other markets he covers (previously we focused primarily on gold and bitcoin)Changing the service's name to reflect the above. The name of Rick Ackerman's premium service is now: Rick's PicksAdding interpretation layer - Our team will provide simplified interpretations to make Rick's insights even more accessible and actionableThe New "Rick's Picks" ServiceStarting next month, Rick's content on Golden Meadow® will feature comprehensive market coverage with additional enhanced interpretation.Here's how it works:Rick's original

FYI, a new $59/month service will be FREE to Rick’s Picks subscribers

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)14:00    14:43  ronblwe should setup Przemyslaw alerts. lol. Eventually even a broken clock will get the correct time15:00                     18:0018:42  RickMy 10-month business venture with Przemyslaw Radomski and Golden Meadow has not worked out, but he keeps pulling out all the stops to keep me on board. (Perhaps he senses that the exceptional accuracy and unwavering bullishness of my gold forecasts is his last tether to reality in gold?) Anyway, our latest deal will allow me to offer all of you a new, $59/month service for free. That's what he will be charging for 'tweaked" Touts that he says will be easier for novices to use profitably. Their resident expert on the Hidden Pivot Method, Pawel Rejczak/aka 'Ryan Mitchell') will be doing the tweaking, Pawel interpolated two huge winners -- in ES and MSFT (still live) -- but there were relatively few trades on offer in Golden Meadows' 'Seasonal Trading' service, and he has had to use longer time frames that don't permit my extreme risk-reduction measures. 'His' recommendations were also limited to 'mechanical' entries. I can't predict whether 'Rick's Picks at Golden Meadow' will make it easier for you guys to make money with the touts that appear on my Home Page, but the service won't cost you the $59/month that subscribers who sign up with Golden Meadow will be paying. I will provide a registration link as soon as Przemyslaw sends it to me, probably next week. incidentally, although he seems to rub a lot of gold bugs the wrong way, he has many good qualities that have shone through in our discussions. He is unfailingly polite, forthright, kind, caring, diligent, astute and patient. His English is better than that of most Aemericans,

Some quick takes from the chat room (Wednesday, Sep 24, 1:16 p.m. EDT)

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:00 12:28  geebellsCopper breakout or fakeout?12:31  RickFakeout'd be my guess. Not sure what changed to make Copper behave since April like a Vancouver penny stock or a small pharmaceuticals mfg with an Alzheimer's drug in trials.12:48  RickQQQ will ripen for tightly stopped bottom-fishing at 590.63, my minimum downside target at the moment. However, a decisive breach could portend more slippage to as low as 578.39.12:51  RickDec Gold, currently around 3765, is headed down to 3741.10, small chance of bounce/bottom at 3762.0012:54  RickMSFT's failure to hold 508.00 is bearish.12:55  RickGDXJ, currently around 72.46, is close to minor but compelling HP support at 71.78.12:58  RickBitcoin has been going perversely countertrend so often that perhaps it's in the grip of the same nitwits/thieves who are animating Copper?13:0013:03  RickAAPL, tied with Disney for America's least innovative large company, was close to a new record high before this correction hit. If it doesn't turn from 249.65, that would imply more slippage to as low as 241.97.13:14  RickTSLA, a lifetime buy-and-hold, has stalled precisely at p2=444.16 of D=520.79. (daily bars, A=182.00 on 8/5/24). 

Good stuff from the chat room this morning

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)09:43  JoeyJoltSLV- rolling Sep 19 $37C to Sep 26 $38 for $.48 credit and adding to position $.67. Great opportunity to add or open a position. FOMC meeting this aft should provide the volatility for even more opportunity.10:0010:11  JoeyJolt/ZBZ25 or US 30 yr-When it trades p2 $118'16 I'll use a 6 pt trigger to short. tos.mx/!RDw3bPAJ10:57  RichZQGOK, so JNUG is a derivative of Gold, and this is a short term chart, but look at (daily) 08.19 A at 86.18; then B 121.26; C 113.87, and action around P2 140.18 and back to P 131.41 (before heading to D 148.95.12:0012:26  ronblyou could wait for the FOMC but this is a lot better. https://tinyurl.com/mr39pnnf13:0013:42  RickThe 6620 target I broached here two weeks ago with the September E-Mini S&Ps trading more than a hundred points lower was hit and exceeded by 19 points. That means that the short-squeeze that has been driving the bull market hard since April has higher to go. Stay long until the little hoax (basis the December contract), currently trading for around 6657.00, hits 6805.75, which it will. You can short there aggressively if you have profits from the ride higher to cushion your stop. More immediately, expect the so-far weak selloff from yesterday's 6696.75 to reverse from either 6620.75, or 6544.13:55  kerrdogRon - That was great!13:58  RickBitcoin's latest bounce has come from 115,412, a smidgen (i.e., 0.28%) below my correction target. An 'rABC-type' entry would have gotten you aboard at 115,694, and out of half at 115,974. My immediate target is 116,536, but you should hold a small piece of the original position for a swing at the fence (i.e., 119,160, a target first aired here a while back). 

From the chat room. Scroll up to yesterday’s conversation for more savory morsels.

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)14:02  RickWith the broad averages in a lunatic ascent, it's worth mentioning that MSFT is acting like it swallowed a quart of Drano.14:04  babsvet[User deleted this message]14:08  RickTSLA , currently around 366, is targeted on 417.75. The pattern is exceptional and very high-confidence, although three months of screwing the pooch at p345.48 makes the final run-up to D uncertain. p2 therefore takes on more significance. It lies at 381.62, and is likely to produce a tradable stall. Short calls there, but be ready to cover them if 381.62 resistance looks weak. 

October Gold possibility for night owls

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Following a sharp run-up to record heights earlier in the week, October Gold has begun a retracement that looks likely to continue down to at least 3522.40 [corrected], the midpoint Hidden Pivot support of the pattern shown in the chart below; or to as low as 3433.90 if any lower. The pivot is a logical spot to attempt bottom-fishing with a tight stop loss.  Specifically, you should use a reverse-pattern trigger of 3.0 points on the 15-minute chart if the futures fall into the range 3521.20=3522.50. (Thus, if the futures come down to, say 3521.60 and rally the requisite three points, you would enter on a 3524.60 buy-stop limit.) If you are unfamiliar with this tactic, you should use your own method of risk management to limit initial exposure to no more than $300 per contract. You can also paper-trade this one to familiarize yourself with the style of my recommendations. 

Minimum correction targets for Gold, Silver

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)00:52   Rick:   October Gold looks bound for a speculatively tradable low at 3522.40. Equivalent price for December Silver is 40.480. Both targets are midpoint HPs for rABC patterns on the hourly chart tracing back to July.