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,

Although we expected bear follow through, Thursday's
Bull Price Action instead recovered virtually all of
Wednesday's plummet.

We scored one nice morning trade, but spent the balance
of the day watching the tide roll in, grateful that our
risk-conservative Money Management rules kept us safely
on the sidelines.

TGIF!!!

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 Z3
Thursday 20 February 2014

Morning session opens with a round-trip swing between the Close and Pivot.

1 = The battle at the Close is ultimately resolved with a high-Volume (pink arrow) Double Bottom through
the Close. We enter aggressively. At the close of the giant white completion candle, move the stop to
Free Trade.

A = Large white inverted (Bear) Dragonfly. Coupled with a Twin Towers (pink arrow), this surely indicates
a stall/retest on the next candle. Per our stop rules, briskly jump the stop under the low of the candle.

B = The brief stall is resolved with a giant white candle through the Pivot. DVS Volume (unlabeled)
suggests that Momentum is expended. Per PMT stop rules, move the stop under the Pivot.

C = Black volume Bar of Death (pink arrow) Doji continues the stall atop the Pivot. Our stop is secure
under the Pivot, so unless we wish to change to a mental stop, even should the next candle show red we
will wait it out.

It is in fact red, and it does in fact close well short of our stop. When the next (white) candle is
unable recover sente, forward Bull Momentum, we go flat. +/- 5.25 points

2 = This Doji Sandwich off the Pivot is too small to trade.

3 = Tail of a large red Bull Dragonfly taps on the Pivot for a questionable 123 Continuation Signal. The
move doesn't take off till 5 candles later, too late for us to enter based on the "S" Signal.

Following a mid-lunch Bull Volume burst, sleepy low-Volume lunchtime sideways drift resumes.

4 = A 2-bar "P" Reversal off the R1 completes on the 3rd candle.

D = We are prepared to enter below the MA, but the Volume (pink arrow) accompanying this candle depicts
expired Trading Interest. Pass.

Sideways drift continues along R1 Resistance to EOD Hiccup (plum lines). The Hiccup itself occurs just at
the right edge of the Hiccup Time Zone, taping a classic "V" check mark pattern, with Price Action diving
briefly to EOD close.

PERSPECTIVE
(Daily, bottom chart)

Surprisingly, Thursday taped a large white day candle,
returning things to where Wednesday opened its plunge.
Not at all certain that Friday will continue the
recovery rather than just simply turning sideways,
forming a Sideways Channel.

BEWARE OF TRAPS ON FRIDAY!

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Thursday's PMT Chart: