BS"D

Good morning and a good week,

Fridays are full of traps and often make Day Trading a hard
way to make an easy living! We again got a chance to
(profitably) review our NEW PULL-BACK LOCK-IN S-TRAP EVASION
MANEUVER.

Follow-through-Monday?

Enjoy and be well,

DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

******************************
Pivot Magic Trading
First rule:
"Any time you don't know what
is happening, get out!"
******************************

E-mini ES U2
Friday 08 June 2012

1 = After opening gap-down, Price Action tapes a (red) bear preceding-trend. The tape now presents
a juicy Doji Sandwich "P" Signal through the S1 Support.

A = Large white Bull Dragonfly breakout completes a 123 atop the S1. Enter with multiple contracts.
Advance the stop under the MidW for controlled At Risk.

B = Volume is robust (pink arrow), yielding a large, but very weak, white inverted (bear) Dragonfly.
Sadly, robust is revealed as a classic DVS. Per our stop rules, move the profit-locking stop under
the low of the candle, +/- Free Trade.

This is also at Maximum Profit Giveback (MPG) Giveback Level, with Price Action stalling mid-move
toward the pull of an opening gap, and the Pivot above. Practiced Advanced Traders might want to
utilize a mental stop, and simultaneously prepare to execute a
NEW PULL-BACK LOCK-IN S-TRAP EVASION MANEUVER.

C = The MANEUVER unfolds:
DEMONSTRATION OF ADVANCED PMT TECHNIQUE APPROVED FOR INCLUSION IN NEXT
VERSION UPDATE OF PMT COURSE

D = White-tipped Doji spike and a Twin Towers Volume pattern (pink arrow). Stall/Sag coming is
definitely indicated. What to do? Exit? MANEUVER (Remember the MANEUVER)?

NOTE A: We have identified a probable S-stall. [This step is imperative!]

[SNIP - For students only]

The PULL-BACK LOCK-IN S-TRAP EVASION MANEUVER worked like a charm. The Bulls fully regain sente,
and head for the Primary Objective.

E = Either of these large white candles, invites us to advance our profit-locking stops under the
low of the candle.

F = Late-in-the-Move DVS (pink arrow) exhausts Momentum, violently thrusting a giant white candle
to spike the Close and retract. That is a classic Pivot Scalp Exit Now! Signal. +/- 5.25 points

Lunchtime sideways drift submerges and runs silent in the green fog.

G = Not exactly silent. The young Turks broke ranks repeatedly, leaving us a clear TELL (blue
arrows) that the BBs want to head north.

[SNIP]

Price Action slumps, and drifts out sideways.

The Bulls got their way when they offloaded for EOD Hiccup. Hiccup (plum lines) is in the Zone
with a classic "V" check mark pattern. The day closes nicely above the R1.

PERSPECTIVE
(Daily, bottom chart)

Friday taped a large white Bull Dragonfly day
candle. The deep spiking tail made this just
somewhat more than a breather candle.

Let's see if the Bulls can generate a
Follow-through-Monday with enough Trading
interest/Volume to matter.

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Friday's PMT Chart: