BS"D

Exploit Pit Pivot Points
Daytrading Course
Learn to Read the Tape
******************************

DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

Good morning and a good week,

We scored very nicely on the Surge portion of Friday's Surge-Slide
maneuver, but then we were bored to tears for the rest of the day!

Can't wait to see what Monday will bring.

Happy Veterans Day!

Enjoy and be well,

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

E-mini ES Z3
Friday 08 November 2013

Friday opens at the Close, struggles briefly, and bounces up in a failed attempt to re-enter
the LT SW Channel (green channel lines).

1 = A 2-bar "P" Signal through the Close, exiting the green fog and crossing above the MA.
We enter on the white Bull Dragonfly kickoff (blue arrow). Advance the stop under the LowW for
well controlled At Risk.

A = Doji stall is followed by a DVS-driven (pink arrow) giant white candle re-entering the SW
Channel and running up to the Pivot. Normal stop placement, behind the green line, leaves our
position in PMT Maximum Profit Giveback (MPG) violation. Mental stop at Giveback Level.

REMEMBER: If the Pivot holds, there is no reason to actually give it ALL back!

B = Second white candle closes above the Pivot. Per our stop rules, move the profit-locking
stop under the Pivot. BTW, this is a 123 "S" Signal so feel free to add contracts.

C = Late-in-the-Move DVS (pink arrow), warning of Momentum exhaustion, drives a large white
candle to the Mid. Normal stop once again leaves our position in MPG violation. Mental stop
at Giveback Level.

As the next two red candles retrace >62% we go flat. +/- 7.50 points

Now that's how we like to start off the day.

Lunchtime sets in early, and Price Action drifts sideways, far from any of our PLs, until very
late in the afternoon. Around 2:00 we read the writing on the wall and shut down early.

EOD Hiccup (plum lines) does tape a classic "V" check mark, but it occurs quite early. Price
Action hiccups north, through the R1, for EOD close.

PERSPECTIVE
(Daily, bottom chart)

Friday taped a giant white day candle, re-entering the
LT SW Channel Floor (green channel lines), and retracing
the entire "collapse" of Thursday's Price Action.

Looks like the SW Channel is slightly expanded, or
perhaps even nullified completely.

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Friday's PMT Chart: