Tutorials

Even though it's possible to make $500 or more in just a few minutes, We know better than to try to initate trades in a $700 stock using buy- or sell-stops. Typically, we are looking to reduce entry risk to relative nickels and dimes using Hidden Pivot 'triggers.' Unfortunately, that won't work with very pricey stocks that can leave gaps of $2 or more between ticks. It turns out, however, that the 'mechanical' entry technique is perfectly suited to getting around this problem. Check out the material toward the end of the recording for real-time examples involving AMZN ($751) and PCLN ($1503). There is also some material that demonstrates how very useful ABC patterns can be for reading the stock market confidently and accurately intraday. In this case, when the Dow was up by nearly 100 points, it was possible to infer that buyers were spent and that stocks would close lower on the day -- which they in fact did.

We took a close look at gold's charts during this session because the futures were getting a nice boost for a rare second straight day. Bullion quotes are seldom moving higher mid-morning, when tutorial session are held. On this particular day, however, bullish technical signs were so compelling that they allowed a confident -- and very tradable -- forecast of even higher prices in the remaining hours of the session. For the record, the intraday high occurred just 30 cents, or three ticks, from the target we'd identified.

Although we seldom spend an hour together during these sessions that doesn’t produce tradable ideas, sometimes the opportunities are one-off, to be revisited later in the day, or perhaps in the week. This particular lesson yielded some small nuggets in the form of trades combining ‘camouflage’ and ‘mechanical’ set-ups. Still, the ‘counterintuitive’ trade remains the best tool in our arsenal. It is particularly well suited for relative beginners looking for a way to bolster their confidence. Toward the end of the recording is some material concerning the big picture in T-Bonds. This is must viewing for anyone needing to be convinced that long-term rates are eventually headed much lower.

We found no juicy trading opportunities during our hour together, although we did cover some subtle points that are going to be of particular interest to seasoned Pivoteers. A nuanced discussion of gold’s technical picture puts a somewhat darker shading on the outlook contained in my touts, and that’s why the recording should be considered a must-view for anyone with a stake in bullion.

This session provided a smorgasbord of trading opportunities, although nothing ripe enough to pluck during our hour together. If you find this a tad dull, there’s a digression concerning the potential of ISIS to affect financial markets. See if you don’t agree that the logic behind my argument is hardly farfetched. Unfortunately.

Although we searched in vain for tradable opportunities, there were relatively few appealing morsels to plunder. Even so, we lingered on an E-Mini S&P chart for long enough to shed light on a matter of concern to anyone attempting to initiate a trade using a ‘mechanical’ signal. If the tradeworthy pattern displays most clearly on a daily chart needing just a few more idle bars to trigger us in, can we jump the gun by shifting to the 60-minute chart, where those idle bars will occur in a fraction of the time? This recording holds the answer to that question, as well as to other questions of interest to the diligent Pivoteer.

Although we didn’t break any new ground during this session, it nonetheless illuminates some fine nuances of the Hidden Pivot method in considerable detail. We looked at real-time trading opportunities in the E-Mini S&Ps and Comex Silver, eventually finding an airtight reason for buying the latter. The trade did not trigger during our hour together, but even so, the logic behind it will be of interest to anyone who has traded Silver futures. They can exact a heavy toll if you are wrong, but in this case we managed to get the initial risk down to a theoretical three ticks.

There's a little something here for everyone: camouflage and counterintuitive set-ups, plain-vanilla 'x' and mechanical entries, one-offs -- even a little sausage for traders who like spicy challenges. What there is not is a bonafide trade in real time, only one that we avoided in December Gold, for reasons that are closely rationalized and therefore bound to enlighten.

The markets have slowed to a crawl this week, so we didn’t look particularly hard for real-time trading opportunities. Even so, there was a perfect ‘camouflage’ pattern to be exploited in the E-Mini S&Ps. It comes at the very end of this recording, so check it out if you want to see what absolute perfection looks like in miniature. There’s also some material that explains a ‘counterintuitive’ trade in gold that I had touted the night before.