Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.) 12:10 RickCCL: Let's get our feet wet with an 0.08 bid for four 29 Sep 12.50 puts. I am using a conventional Hidden Pivot pattern to locate the bid. If it gives way by day's end and the option closes below 0.08, odds will favor a further fall to zero (or at least to 0.05, a 'hidden' support). That's the caveat, but we will keep the puts anyway, since you can never predict whether the Carnival cruise 'story' will take flight over the weekend. I sure as heck wouldn't be selling puts on CCL, even after its 25% fall since late June. Do NOT, even if you were dazzled by the 40-bagger just achieved in AAPL, jump on these puts in a big way. The trade is simply to put CCL in our crosshairs -- but also to create profits so that the 60 boss jocks who have just now come here from USAWatchdog will not have to pay for a year's subscription with, heaven forbid, hard-earned money. We can look for potentially better set-ups next week, but I like this opportunity to begin with. Virus-free.www.avg.com
Rick Ackerman
Potentially tradeable guidance for E-Mini S&P (ES)
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Thursday, August 31, 2023 08:0008:26 BillESU23 has slightly exceeded the important x=4535.31 level. [ {{ Try not to think of 'x' as an important level. It is neither a Hidden Pivot, nor a support nor a resistance, just a place where we set up some of our trades. RA }}} ]08:34 RickHere is the pattern that will be controlling ES today. It is sufficiently gnarly to work no matter what your purpose:08:34 Rickhttps://bit.ly/3PhA2bc08:42 BillThanks for posting this pattern, Rick. [ { Ur welcome, Bill. Enjoy! RA }]09:0009:07 RickIf you use p=4548.13 to get short, I'd recommend a trigger interval of 4.0 points. The current micro-selloff could change that, so check with me before you act. Virus-free.www.avg.com
Last call!
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Posted moments ago in the chat room: The Labor Day deadline is approaching for longtime subscribers invited to take the 'Advanced Tactics' course. It will be the last such invitation sent out to this group this year, and possibly next. I will continue to limit access to subscribers who have been with me for at least two years and who have taken either the Hidden Pivot Webinar or the course on 'mechanical' set-ups. The $899 price will never be repeated.Virus-free.www.avg.com
Interesting Notes on Gold and Other Subjects from Bob Hoye
– Posted in: NotificationsA Notice from Rick in the Trading Room As promised in the chat room, here are some links to analysis from Bob Hoye that I think you will find interesting and insightful. The first is a 'Charts and Markets' update he sent out a couple of days ago that is very bullish on gold and gold stocks. Click here to bring it up in your browser. The second is a fellow deflationist's take on a real estate market that seems headed toward certain collapse. If you click a link embedded in the article, you'll find a special bonus -- a fascinating piece written for Barron's by Jim Grant that tracked the history of a blue chip property in Manhattan as it fell on increasingly hard times during the Great Depression. I tried to locate the article years ago, but neither Jim nor his secretary was able to find it. When Bob began to describe it in a conversation I had with him yesterday, I knew instantly what he was talking about. I am grateful to him for coming up with this gem, and for allowing me to share his work with Rick's Picks subscribers.
Test of email trade alert
– Posted in: NotificationsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Hello, everyone. This will allow me to send out trade alerts posted in the chat room more easily. RAVirus-free.www.avg.com
Test Notification From Rick’s Picks – Please Ignore this message
– Posted in: Current ToutsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)> This is a test of Rick's Quick notification system > > Thanks > > Rick's Picks > >>> >> >
Test Notification From Rick’s Picks – Please Ignore
– Posted in: Current ToutsActionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)This is a test >> >
A Way Forward
– Posted in: TutorialsEasy and Powerful
– Posted in: TutorialsWe have been focusing on ‘live’ trades that use reverse-pattern triggers. What matters most in creating profitable set-ups is where one plants the point ‘c’ highs and lows of rABC patterns. It’s much easier than you might imagine. If you need encouragement concerning how well this has been working, I’d suggest watching these recordings regularly so that you can keep score. There is additional material at the beginning of the presentation concerning the upcoming, radically revised Hidden Pivot Course.
Where to Plant Point ‘c’?
– Posted in: TutorialsCurrently, the set-up supporting nearly all of the trades we do is the reverse-ABC, or rABC pattern. Indeed, we need only find a good place to plant the point c high or low of a reverse pattern to craft a profitable trade trigger. This session covers my short list of eight ‘good places’ to anchor ‘c’, with the ‘D’ targets of gnarly patterns at the top of the list. Leveraging them to trade price reversals is not the most useful idea we have at our disposal, but it is the one that will endure once the droolers start catching on to some of the ABC winners we routinely use.
