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,

Even though Monday's Price Action follow through
from Friday plunged massively, we were only able
to take a couple of decent bites out of the day.

Thinking about a breather day trade on Tuesday?!?

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 07 April 2014

Monday morning opens gap-down at the Low and trading continues running southward.

1 = Is this a 2-bar or a Doji Sandwich (blue arrow) off the S1?

A = Volume is strong, confirming (pink arrow), and we enter as this giant white Marubozu soars back
through the MA. The close is about a point through the PL, so move the profit-locking stop under
the MA.

MA holds, but we get stopped out by the tail of the white Bull Dragonfly following. +/- 3.25 points

2 = A series of Lower Highs concludes with a TTT 123 through the S1.

B = DVS (pink arrow) entices us and we enter with multiple contracts, due to the tiny 2-candle 123
breakout (= 2, blue arrow). At the close of the candle, move the stop to Free Trade and a couple of
tiks.

C = Healthy red candle puts us in Maximum Profit Giveback (MPG) violation. Move the stop above the
high of the candle. Twin Towers (pink arrow) indicates a stall is coming.

D = Stall resolves with a hearty red candle. Once again we are in MPG violation. Mental stop at
Giveback Level.

E = 2-point red candle returns us to MPG violation. Move the profit-locking stop above the high of
the candle.
F = Late-in-the-Move DVS (pink arrow) plunges a large red candle south, exhausting Momentum.
Position is in MPG violation, so place a mental stop at Giveback Level.

We exit briskly as the next (white) candle retraces >62% and tapes a mid-air 2-bar Reversal.
+/- 5.25 points

3 = Were it not for confused, lunchtime level, Volume bars, we might like to enter on this Double Top
"P" at the MA, qualifying as a PMT "S" Signal.

Alas, we wind up on the sidelines forever [sic], as Price Action gently stair-steps down to test the
LT SW Trend Channel Floor (lavender line).

4 = Rapid-fire Double Bottom/DT Multi-bottom "P" off the lavender line.

G = Volume expands to confirm (pink arrow), and we are pulled in above the MA. At the close of the
candle, move the stop to Free Trade.

H = Large white candle invites us to move our stop under its low.
J = A hearty white candle puts our position back into MPG violation. Mental stop at Giveback Level.

The next candle tapes a large red Bear Dragonfly mid-air Reversal Exit Now! Signal. +/-4.0 points

EOD Hiccup (plum lines) is a drop early, taping a classic "V" check mark pattern plunging most of the
way back down to the lavender line before dying and floating sideways to EOD close.

PERSPECTIVE
(Daily, bottom chart)

Monday followed through on Friday's giant plunge with
a mighty red day candle, tapping on the lowest LT SW
Channel Floor level (lavender dashed line).

Expect another Floor tap and a breather day on Tuesday.

REMEMBER: Trade the Tape, Not my Prognostics!

BE PREPARED FOR ANYTHING, AND GUARD YOUR FUNDS!

Asher
=] ;-)>

Monday's PMT Chart: