Rick Ackerman

We pondered subtleties and further refinements in ‘rABC’ set-ups during this hour together. It has become routine to combine this pattern with ‘mechanical’ triggers when initiating trades. This yields set-ups that can be used practically at will in any vehicle. Moreover, the process can reduce initial risk to literal pocket change, which can be especially useful to novice traders trying to sharpen their technique without paying a heavy tuition.

This session wades more deeply into reverse-pattern (rABC) trades than we’ve gone before, delving into the thought process concerning how much risk to take. Tailoring the length of the ‘a-b’ segment addresses this question, and the answer can be somewhat subjective. However, you’ll be surprised at how it’s possible to tighten ‘a-b’ to inches, reducing risk to a practical minimum, without sacrificing opportunity. There is also some material concerning the ‘voodoo’ numbers I’ve been using to initiate trades precisely at swing points without using Hidden Pivots. This subject will be covered in detail in the radically revised Hidden Pivot course due out in November, but here’s a preview if you’re curious.

This session is packed with information concerning the rABC, or 'reverse-pattern', trade. If you've been uncertain about how to choose the prefect ‘a-b segment when creating a trade trigger, this recording contains all of the information you need. It also offers details containing the upcoming, radically revised Hidden Pivot Course that will be offered this fall to subscribers who have been with Rick's Picks for at least six months.

Long-time subscriber Dave Isham (DJI) brings deep and broad technical experience to the chat room. In this one-hour presentation, he explains how to use 'fair value gaps' to improve trade entries and exits. A brief Q&A, also recorded, follows Dave's talk..

The E-Mini S&Ps occupied our attention, since they were all fired up over a report that consumer inflation was running at 'only' at 8.5 percent last month. Was there a way to get ahead of the lunatic leap the futures took when the 'news' hit the tape an hour before the opening bell? As is so often the case, diligent attention to 'mechanical' levels on the lesser charts would have done the trick -- with no guesswork and no pain.

We spent most of the hour stalking a trade in August Crude. The first attempt got stopped out, but the reason for this and the ways in which it could easily have been avoided made for an illuminating lesson. A key concept received more attention than usual here: setting up ‘mechanical’ entries at the tail end of rABC patterns. There is also a discussion of the ‘discomfort zone’ that will sharpen your ability to exploit it.

  There are some hidden gems here. As usual, we looked for trades that could be forced, and we found them in plentiful supply. Most of the time we were a step or two behind the trigger but still close enough to see the choices we made justified in real time. The 15-minute chart continues to be the best vehicle for day-trading. We used mostly ‘mechanical’ set-ups, sometimes in conjunction with ‘reverse’ patterns, to fashion triggers and stops.

This was a true ‘impromptu’ session, announced out-of-the-blue during Friday’s steep but boring short-squeeze. Rick provided instant forecasts, some of them tradeable, for more than a dozen symbols. The highlight of the presentation, however, was a technical forecast for a potentially important bottom in Treasury Bonds and a corresponding top in long-term rates at exactly 4.65%. Here’s the list of symbols he covered, in chronological order: S&P 500; NYMEX Natural Gas; Occidental Petroleum (OXY); Wheaton Precious Metals (WPM); JP Morgan (JPM); S&P 3x Bear (SPXS); Enovix Corp (ENVX); Jr. Gold Miners (GDXJ); Fifth Third Bank (FITB); Dollar Index (DXY); Petroleo Brasileiro (PBR); Russell 2000 ETF (IWM); Union Pacific (UNP) and Rumble Inc. (RUM).

  We went hunting for day trades using ‘mechanical’ set-ups during this hour together. Even though stocks have been under considerable selling pressure lately, the opportunities we found were both bull trades that used ‘mechanical’ triggers to get aboard. This was essential in AMZN, a $2800 stock that requires an entry method guaranteeing no slippage. We traded just a few shares, but that’s all you need to make money with a stock that moves as much as this one. The other play was in AAPL, where the 5-minute chart offered a perfect pattern so subtle that we had little competition exploiting it. Applying ‘mechanical’ set-ups on charts of lesser degree yields so many opportunities that it becomes possible to find potential winners at any time of the day one might wish to trade.