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,

Tuesday was a zero net Price change Doji day. We got in
one good trade, and took a couple of smaller bites.
Mostly, the day slid sideways in the green fog Ambush Zone.

Wednesday is a mystery, so again, be glad to be PMT day
traders and Readers of the Tape, and stay alert!

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
Tuesday 25 February 2014

1 = It takes a bit of creative counting, but Volume is strong (pink arrow), and, as this Doji Sandwich
Anomaly (Overnight, bottom middle chart, orange oval; and 2-Day 5-Min continuous, bottom left chart)
Reverses off the Pivot and exits the green fog, we enter aggressively. At the close of the candle,
move the stop to Free Trade and a couple of tiks.

A = Nasty bottom wick retraces 2 points, just shy of "bail out". Move stop above the high of the candle.

B = Large red candle. Inch the profit-locking stop a bit tighter, above the high of the candle.

C = Exhaustion gap and a large red candle. Use my convention and slip the stop in the gap.

D = Black Volume Bar of Death (pink arrow) Doji. Move the stop above the high of the candle and prepare
to exit if the next candle is white.

E = Not yet! Large red candle puts our position in Maximum Profit Giveback (MPG) violation. Mental stop
at Giveback Level.

2 = As this candle retraces >62%, we exit, +/-5.75 points, and Reverse.

F = Uggghhh! Black Volume Bar of Death (pink arrow) Doji. Move safety stop to Free Trade.

G = Surprise! A giant white Marubozu crosses above the MA. Position is in MPG violation. Never sure
that the troops will rally into the hole punched by one of these sumo candles, we are double gald to place
a mental stop at Giveback Level.

H = Large white candle. Normal stop placement leaves the position in MPG violation. Mental stop at
Giveback Level.

As the next (red) candle recoups >62%, Exit Now! +/-3.25 points

Many of us re-enter the Reversal aggressively. Our SCRATCH! on the next (white Doji Spinning Top) still
leaves us in the plus.

3 = Volume is aroused (pink arrow), and we enter aggressively, as this 123 exits the green fog.

J = Large white candle. Per our stop rules we like to move the stop under the low of the candle, but the
elongated top wick is a bit scary, so we move it to Free Trade and a tik instead.

K = Large white candle puts our position in MPG violation. Mental stop at Giveback Level. When the next
(red) candle recoups >62% we exit (with a drop of positive slippage). +/- 2.25 points.

Mid-air Reversal drops Price Action back into the fog for lunchtime sideways drift. Trading Interest/Volume
never resumes. We shut down early, just after 2:00.

The EOD sell off runs Price Action back into the fog for a Doji day.

PERSPECTIVE
(Daily, bottom right chart)

Tuesday taped a white Spinning Top Doji day candle, breathing
at yesterday's Close. Still not clear what will happen with
the pending LT Sideways Channel we have been anticipating.
REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Tuesday's PMT Chart: