BS"D

Exploit Pit Pivot Points
Daytrading Course
Learn to Read the Tape
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DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

Good morning,

In yesterday's PMTJournal, PERSPECTIVE section, using
classic Technical Analysis we projected, "Another tap
on the Floor, and a move into the middle of the channel
is likely what we will be trading on Tuesday/Wednesday."

Got that right.

Once again ABS was bloated on Tuesday, enabling us to
score nicely in both directions.

Wednesday too?!?

Enjoy and be well,

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Pivot Magic Trading
First rule:
"Any time you don't know what is happening, get out!"
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E-mini ES H3
Tuesday 04 June 2013

Tuesday morning opens gap up, and continues to climb to join an hour long battle at the R1.

1 = A 2-bar at the R1 converts to a 123 (blue arrow) before taking off.

A = DVS (pink arrow) blasts a giant red candle, pulling us in. At the close of the candle we are
already in Maximum Profit Giveback (MPG) violation. Mental stop at Giveback Level.

B = Large (? ABS is a bit large, so this might even be a small candle) red candle through the High.
Per PMT stop rules, move the profit-locking stop above the High.

C = Twin Towers (pink arrow) drives a red inverted (Bull) Dragonfly. A stall/sag is coming next,
and it won't take much (combined with the elongated bottom wick) to recoup >2.25 (placement
expanded for ABS). Move stop tight above the high of the candle.

The next white Bull Dragonfly candle ends our move, and weakly signals reversal. Exit Now!
+/- 4.25 points

Price Action bounces along the Close, first above then below.

2 = A 2-bar at the Close crosses with a 2-candle 123 (blue arrow). To take advantage of the full
Price Window to the (always considered proven) Pivot, we need to enter on first signs of red on next
candle.

D = Super-DVS (pink arrow). We are pulled in early on this giant red candle ripping easily through
the Pivot and MidM. Per our stop rules, move the profit-locking stop above the MidM.

E = Black Volume Bar of Death (pink arrow) Doji. 1:30 Action/Reversal Time promises action. Prepare
to exit on first sigh of white.

F = Large red candle. Normal stop placement leaves us in MPG violation. Mental stop at Giveback Level.

G = Large red candle through the LowW. We are very close to the Primary Objective, S1, so when the
Twin Towers (pink arrow) indicates a stall/sag on next candle, we don't plan for a NEW PULL-BACK
LOCK-IN S-TRAP EVASION MANEUVER. Instead, we move the profit-locking stop above the LowW.

And there we get taken out. +/- 7.50 points

3 = A DVS-driven (pink arrow) 2-bar off the LT Trend Channel Floor (green line). We don't trust
DVS-driven 2-candle signals for longevity.

4 = Brief stall at the S1 resolves with a 123, and we enter aggressively above the MA. Advance the
initial stop under the MA for reduced At Risk.

H = Second healthy white candle closes above the LowW. Per our stop rules, move the profit-locking stop
under the LowW.

J = Late-in-the-Move DVS (pink arrow) suggests failing Momentum. The inverted white Dragonfly concurs.
Aggressively call this a large white candle and move the profit-locking stop under the low of the candle.

K = Another white candle with an elongated top wick. This move is soon over. Call it a large white
candle, and move the profit-locking stop under the low of the candle.

Stopped out on the next (red) candle. +/- 2.75 points

Price Action stalls and begins to travel sideways.

EOD Hiccup (plum lines) was early, and did a reverse Hiccup a bit late. Not sure if this is a "V" check
mark or what?!? The Day closes at the Pivot.

PERSPECTIVE
(Daily, bottom chart)

Thursday tapes a large red Spinning Top day candle,
approaching the middle of the channel before tapping
on the LT Trend Channel Floor (green channel lines)
and returning to lock-step with Monday in breather
position.

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Tuesday's PMT Chart: