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,

The seas were quite choppy Wednesday, but our PMT
risk-conservative Money Management rules "lifejacket"
kept us safe. Trading range was expansive, sort of
a Slide-Plunge, but the wavelike Price Action swings
made it most difficult to trade.

We were forced to SCRATCH! in the morning, but
managed to take a decent bite out of the first wave
of the afternoon Plunge.

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
Wednesday 26 March 2014

Wednesday opens gap-up at the R1/LT SW Channel Ceiling (red line) and runs sideways.

1 = Third Lower High taps a clean 123 off the underside of R1. We enter below the MA. Stop advances
above the High, reducing At Risk.

A = Large red Spinning Top tests the MA. Consider moving safety stop to Free Trade.

Price Action stalls. When the Bears don't recover two candles later, and then the 3rd candle breaks
north, recouping >2 points, SCRATCH!

With constantly Lower Highs, Price Action continues to stair step slowly down to close the opening gap,
before turning definitively sideways for lunchtime drift.

2 = Volume (pink arrow) comes to life and we enter aggressively as this 2-candle 123 of the Close
breaks below the Pivot. Advance the stop above the Mid.

B = Large red inverted (Bull) Dragonfly. Per our stop rules, move the profit-locking stop above the
high of the candle. Twin Towers (pink arrow) indicates a stall on the next candle.

C = Price Action first stalls with a wispy white Doji, then breaks south, once again on a large red
inverted (Bull) Dragonfly.

D = Yet another large red inverted (Bull) Dragonfly. That's the third candle in a row with an elongated
bottom wick. Tape looks like group of parachutists wafting gently to settle atop the S1/dashed lavender
line. Might call that a TELL. PMT stop rules say to move the stop above the high of the candle. In
light of the low probability of Momentum carrying through the S1, make that a mental stop for quick Pivot
Scalp Exit.

E = Bottom wick of a large red inverted (Bull) Dragonfly (again!) stretches to tap on S1 and retracts.
Pivot Scalp Exit Signal. +/- 5.50 points

The S1 Support holds, but offers us no trade opportunities. Around 2:00 (surely at 3:00) we know to shut
down for the day.

EOD Hiccup (plum lines) initiates the Hiccup Time Zone, taping the classic "V" check mark pattern, as
Price Action dives to EOD close at a possibly new LT SW Channel Floor (dotted lavender line).

PERSPECTIVE
(Daily, bottom chart)

Wednesday taped a large red day candle, exiting
through the LT SW Channel Floor (dashed lavender
line), possibly establishing a new LT SW Channel
Floor (dotted lavender line).

Will this plunge continue south to test the blue
line as well?

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Wednesday's PMT Chart: