Webinar

Once again, the emphasis is on ‘counterintuitive’ and ‘mechanical’ trade setups. We looked at the former in conjunction with a gold tout that had gone out the previous night. Although the opportunity looked enticing and went on to produce a profit, it was not exactly easy money. Profitability aside, the trade yielded a trove of analytical information that was to keep us on the right side of a recalcitrant April futures contract for the rest of the day (and night).

Toward the end of this session we were determined to force a short in the E-Mini S&Ps. The main enticement for this was our strong gut feeling that the stock market's next major move would be down. The futures were trendless at the time, having failed all morning to reach minor Hidden Pivot targets going in either direction. Watch closely to see how we crafted the trade using a rally target that fell between two Hidden Pivots. Just after the session ended, the trade missed triggering by a single tick, a step behind a 26-point decline. Also included in this recording is a closely reasoned 'counterintuitive' trade at the tail end, as well as a cogent explanation of why an impulse leg with a deep correction in the middle of it could be considered uncorrected for trading purposes.

Monitoring charts in real time sometimes provides unplanned teaching opportunities that come only rarely. There are two such serendipitous insights contained in this recording – observations that will buttress your understanding of some small but important details of the Hidden Pivot Method. Of course, there is also the more mundane stuff that provides a structure for day-to-day trading. It’s all here, in addition to some timely trading ideas, so check it out!

During this session, we looked at the stock market just minutes before it entered a very steep dive. With the Dow about to fall 400 points, it was still not too late to try to get short. Most of the lesson was devoted to this task, and although we were unable to force a trade, we looked at some set-ups that were imminently about to trigger. We also revisited the use of ABC patterns to establish precise bids and offers for put and call options. This tactic holds great promise to sharpen our percentages when we trade options. I would therefore strongly recommend that you review this portion of the recording closely.

The emphasis during this tutorial session was on put and call options, since they can be targeted using the same method we employ to predict price swings in stocks and index futures. ABCD pattern analysis turns out to be a relatively easy way to determine a fair price for an option without having to correlate its price to that of the underlying stock. Of particular interest is a gambit in NFLX, where we looked to buy put options if the stock rallied to a Hidden Pivot target. We settled on a $1.40 bid when they were still trading for $2.10 -- and eventually got filled. The rationale we used to come up with a $1.40 bid takes in a wide swath of trading logic, so check it out!

For the good stuff, skip to the TSLA analysis toward the end of this recording, which mostly documents the sluggishness of a day on which the markets were awaiting news from the Fed. We looked first at TSLA’s long-term charts to give us a bias – in this case a bullish one. From there, we zoomed to the very lesser charts to find a day trade that aligned with our outlook. The epiphany that followed came in the form of a very subtle look-to-the-left peak that could have made a trader’s day. See if you don’t agree.

Although we failed to squeeze off a trade in any of a half-dozen vehicles that we looked at during this session, there were several ‘mechanical’ set-ups that promised to pan out after the class was adjourned. The tactic should be familiar by now to those who have attended Wednesday tutorial sessions regularly, but the small lessons contained herein will stretch your knowledge just a bit further. In particular, the material covering camouflage trades that use ‘mechanical’ signals for a trigger make this recording well worth your while.

With Thanksgiving a day off, we looked to force a trade on an especially slow day. The focus was on stocks rather than futures, because the latter were barely moving. Although we were unable to come up with an instant winner, TSLA, AMZN and GOOG all beckoned with imminent possibilities. The trade set-ups that we looked at could start to pan out by the time you read this, so check out the recording if you’re looking for something to do as the week draws to a close, or perhaps next week.

We went back to the basics during this lesson, with a detailed discussion of the “perfect” ABC pattern, timed-buy-stop entries, and a grading system that enables us to develop horse sense over time by rigorously and consistently applying mechanical principles. The session also includes some speculative ruminations on such popular trading vehicles as the Dollar Index, the Euro, gold and the Dow Industrials.