BS"D

Good morning,

Although Wednesday was not a shabby day (= profitable), we are a
little disappointed at only scooping up less than half the spread
from this large-range Bull day.

Plus, of course, we lugged along all our diving gear for nothing!
(Yesterday's TA PERSPECTIVE projected, "Tuesday taped a small
white breather day candle. If that's all they got, we better
bring our diving gear tomorrow!") LOL!

CU Thursday!

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 H3
Wednesday 27 February 2013

1 = Our trading session opens with?

Look at the two-day 5-minute tape (bottom left chart). Surely that is an Anomaly
off the Close. Not certain if you can call it a 2-bar, or perhaps a Doji Sandwich,
so, since we anyway hesitate to enter an Anomaly of the Close, we pass on an easy
few points.

2 = A 123 at the R1 breaks free with another 123 of Dojis (blue arrow) off the R1.

A = We enter on a large (looks small due to the 2-point incrementation of the Price
axis) white candle.

B = If we call this candle "large" we can tighten our stop under the low.

C = DVS (pink arrow) pumps a giant white candle into PMT Maximum Profit Giveback
(MPG) violation. Mental stop at Giveback Level.

D = A 2-candle stall, and the Price Action continues with a large white candle.
Volume is building (unmarked), so we simply move our profit-locking stop under
the low of the candle. This is also Giveback Level, and, since we are almost to
the R2 Primary Objective, we make that a mental stop.

E = Black Volume Bar of Death (pink arrow) Doji spikes the R2 and retracts.
That's a Pivot Scalp exit signal. +/- 4.75 points

3 = A slow 123 pierces the R2 on DVS (unmarked). We entered aggressively.
Advance the initial stop under the R2.

Much to our dismay, Price Action becomes stalled and droops to test the MA/R2.

F = The MA reliably provides Support, and we call this a rebound. Move the stop
under the MA/Free Trade.

Price Action again stalls, but the rock hard MA Support serves us well.

G = Calling this a failed test of MA lets us tighten our stop a drop,under the MA.

H = Volume seems to perk up (pink arrow), generating a large white candle. Stop
under the MA leaves our position in MPG violation. Mental stop at Giveback Level.

J = DVS (pink arrow) rockets a large white candle into MPG violation. The
elongated top wick implies failing momentum, so we are double glad to place a
mental stop at Giveback Level.

K = Twin Towers DVS pattern (pink arrow) indicates a stall/sag on the next candle.
The resulting large white candle spikes the R3 and retracts, signaling an instant
Pivot Scalp Exit. +/- 5 points

4 = The 2-bar bounce off R3 Resistance is rather weak, completing with a red
Spinning Top. We are don't trust DVS-based (pink arrow) 2-candle Signals for
longevity, especially during lunchtime. Pass.

Price Action finally goes into lunchtime sideways drift mode, running along the
underside of R3.

5 = Much though we love TTT opportunities, we pass on the aggressive entry.
Why?

* The sudden DVS (pink arrow) suggests a false start.

* Entry above the R3 extreme PL requires further confirmation.

L = Don't be confused by this large white candle. Twin Towers (pink arrow)
indicates a stall/sag is coming next.

The day trades out sideways, closing EOD above the R3.

PERSPECTIVE
(Daily, bottom right chart)
Wednesday taped a giant white day candle. Once again,
take note of how similar the tape of the first two months
of 2013 is to that of the last two months of 2012.

Will Price Action re-enter the LT Trend Channel (green
channel lines)?

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Wednesday's PMT Chart: