BS"D

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

DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

Good morning,

Tuesday was a fairly narrow-range trading day. We did have
a couple of decent trades in the morning session, but neither
was really enough to write home and brag about.

BEWARE THE FED (FOMC) AT 2:00 TODAY!

Enjoy and be well,

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

E-mini ES Z3
Tuesday 17 December 2013

1 = Morning session opens with an Anomaly (Overnight, bottom left chart) off the Pivot, through the
Close. As Price Action exits the fog, we enter aggressively on opening range Volume.

A = Giant red candle stretches to tap on the S1 and retract. Pivot Scalp Exit Signal. +/- 2.50 points

2 = The S1 support holds, but the Price Window to the proven Close is a mite small. Pass.

3 = A DVS (pink arrow) blasts a gigantic red candle for a 123 breakout of the S1. We enter aggressively.
At the close of the candle our position is in Maximum Profit Giveback violation. Mental stop at Giveback
level.

Though the DVS suggests that the bears have expended all their forces, Momentum is likely to carry for
an S2 retest.

B = Twin Towers (pink arrow) warns that the next candle will be a stall. No matter, since the associated
red Bull Dragonfly taps on the S2 and retracts, signaling a Pivot Scalp Exit. +/- 3.0 points

4 = An inverted Head and Shoulders formation off the rock-hard S2 Support. Volume has dropped to
lunchtime levels. Anyhow, the move does not take off in time. We therefore let this pass.

Lunchtime Price Action drifts sideways with a bit of an upward draft through the S1. Then, in spite of
a few Volume spikes, it returns to sideways mode atop the S1 Support.

EOD Hiccup (plum lines) is a bit early. The classic "V" check mark pattern takes off with a 123 off the
S1, and dives to slam to a halt EOD at the concrete floor of the S2 Support.

PERSPECTIVE
(Daily, bottom right chart)

Tuesday taped a small red day candle, again breathing at the
Fibonacci 50% line. Though Monday tested the Fibonacci 62%
level (red line), the Fib 50% (blue line) seems to be holding
the descent in check.

The FOMC may just break things loose today. Watch out for
a possible massive Price Action plummet following the report.

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Tuesday's PMT Chart: