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,

We were wrong about the "Bears in the Woods". The Bears did
their foraging overnight, but during our trading session, it
seems it was Bulls rustling in the underbrush instead .

We paid for supper, but not a whole lot more to say about
Thursday.

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 27 February 2014

The first hour of Thursday morning's trading was a protracted battle in the Close-Pivot Channel.

1 = Bulls exert, and a 123 competes with a mini-Doji Sandwich.

A = We enter on a large white Bull Dragonfly kickoff. Initial stop advances under the MA.

B = This white candle is not large enough to warrant a stop movement. However, since the sudden
DVS (pink arrow) may warn of exhaustion, risk-conservation suggests we move the stop to Free Trade.

C = Twin Towers (pink arrow) indicates a stall/sag/retrace coming on the next candle. The massive
Volume blasts a giant white candle to vaguely spike the R1 and retract. Combined with the Twin
Towers indication, Pivot Scalp Exit (else, do it on the next candle) +/-3.75 points

Lunchtime Volume and sideways drift comes a bit early, with Price Action sliding along the
underside of R1, bounded by the MA Support.

2 = Volume comes to life (pink arrow), and we enter aggressively on a 2-candle 123 through/off the
R1 Pivot Level.

Nervously, we respond to a tiny Doji stall candle by moving our stop safely to Free Trade.

D = Twin Towers (pink arrow), indicating a stall/sag/retrace is coming on the next candle. With
our position in Maximum Profit Giveback violation, we place a mental stop at Giveback Level. This
also leaves us prepared for the worst on the next candle.

E = The next candle (small red Marubozu) increases our alert, but the Black Volume Bar of Death
(pink arrow) Doji following tells us to exit briskly if the next candle even shows red.

It does. +/- 1.75 points

Price Action dips to test the R1 Resistance-turned-Support. We shut down when things get sludgy.

EOD Hiccup (plum lines) tapes a "V" check mark at the outer edge of the Hiccup Danger Time Zone.
Price Action bounces 5 nice points to EOD close.

PERSPECTIVE
(Daily, bottom chart)

Thursday taped a very healthy white Bull Doji day candle, most
of which occurred in the "breathing zone". Friday follow
through is likely to continue the Bull effort.

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:

Asher
azlcpa@netmedia.net.il
azlcpa