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,

As we anticipated in yesterday's Pivot Magic Trading Journal
PERSPECTIVE, " . . . we'll be hunting for Bears on Monday",
the BBs ran a bearish Plunge-Slide Maneuver. We scored nicely,
taking first one large bite, and then a smaller one, out of
the morning Plunge Phase.

The rest of the day, our risk-conservative PMT Money Management
rules kept us safely (bored) on the sidelines.

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 M4
Monday 24 March 2014

Monday morning opens gap-up at the Pivot, trading directly down to close the gap.

1 = Volume is high (pink arrow) as this 123 blasts through the Close, exiting the green fog. At
the close of the candle, advance the stop to Free Trade and a tik or two.

A = Large red inverted (Bull) Dragonfly. Per PMT stop rules, move the profit-locking stop above
the high of the candle.

B = Large solid red candle puts our position in Maxim mum Profit Giveback (MPG) violation.
Place a mental stop at Giveback Level.

NOTE: ABS is rather bloated today. To avoid getting
stopped out at every minor Price adjustment, expand the
stop, exit, and MPG placements.

C = Price Action stalls. When the Bears break free, move the profit-locking stop above the high
of this candle.

D = Huge DVS (pink arrow) pumps a giant red candle well through the S1, and into MPG violation.
Mental stop at Giveback Level.

As the next (white) candle reverses to test the S1, exit briskly. +/- 6.50 points

2 = We re-enter with multiple contracts on the 123 breakout (blue arrow) of this 123 off the S1.

E = Solitary DVS (pink arrow) signals exhaustion of Momentum, blasting a giant red candle into MPG
violation. Mental stop at Giveback Level. Noting that the bottom wick has already recouped 2
points (confirmation of exhaustion), prepare to exercise the stop early.

F = A 2-point red candle invites us to move the stop above the high of the candle. The paired
skid mark bottom wicks suggest stall/reversal, so might want to make that a mental stop.

We exit as the next (white) candle tapes a Bull Dragonfly mid-air Reversal. +/- 2.25 points

3 = Lunchtime sideways drift dips to rebound off the S2 Support. DVS-based (pink arrow) 2-candle
Signals are not reliable for longevity, especially during lunchtime. We pass.

Price Action wafts up to the S1.

4 = Another DVS-driven (pink arrow) 2-candle Reversal Signal. Again we pass.

Price Action stitches back and forth across the S1, bouncing to set up the "V" checkmark EOD Hiccup
(plum lines). Hiccup returns Price Action to the rock hard S1 for EOD close.

PERSPECTIVE
(Daily, bottom chart)

Monday's giant red Spinning Top day candle bounced off
the LT SW Channel Ceiling (red line) before diving.

Not sure whether the day's close is at mid-channel or
if it has in fact defined the floor (dashed lavender
line) of a much narrower Channel than we previously
anticipated (blue line).

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Monday's PMT Chart: