Tutorials

This hour is packed with new material, including several cutting-edge tricks you can use to trade options with perfect timing and enormous leverage. Displaying his own trading screen, Rick explains how to ‘rhythm’ options against the underlying stock, allowing one to place bids optimally without using a valuation model. There are also some winning scalp-trades in real time that worked precisely as calculated. This recording is an absolute must-view for anyone who has taken, or is taking, the Hidden Pivot Course.

On a quiet day, we searched for trades mostly on the lesser charts, looking for ‘camouflage’ set-ups corroborated by charts of larger degree. As you will see, if you have your heart set on pulling the trigger no matter how poor the opportunities, you can always find a way on the 4-second bars. This session’s a good one if you’ve wondered how to pass the time when things get really slow.

This session began an hour ahead of a Fed announcement that was exactly as expected: a 25-basis-point increase in the Fed funds rate. The shameful hysterics this produced had trading implications for all of about eight seconds. For our part, we got steamrollered with what we’d intended as a cautious bid in TSLA. Bottom line: Don’t trade at the instant a Fed announcement is due to hit the tape. Despite this, the session is a good refresher in the psychology and rudiments of mechanical and counterintuitive trades, with a bit of psychologizing on the very lesser charts.

Rick took the time to discuss the future of certain important securities such as the ES, CL, VXX, Sil, WN, and the US Bonds. He finished the hour with trading the DIA options.

It can be hard work to calculate an option's fair value for purposes of determining how much we should pay for it with the underlying stock trading at a particular price. During this session Rick cuts to the chase, demonstrating a quick and easy method that requires no calculations, only an ABCD price pattern derived from the chart of the option itself

Rick discussed CRSP, CL, TNX, GC, SMG, VXX, DIA, ES, EDIT, and the gene editing stocks in general.

Ira did this morning session and showed how the Hidden Pivot method in ways you may not have thought of.

Ira reviewed why the Hidden Pivot pattern works and how to use it in real trading. He paid particular attention on seeing how and when a reversal of a move may stop and then continue in the original direction.