BS"D

Daytrading Course
Learn to Read the Tape
Exploit Pit Pivot Points
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PIVOT MAGIC TRADING JOURNAL - EXCERPT

Good morning,

In yesterday's Pivot Magic Trading Journal, PERSPECTIVE section, we observed:
" . . . This is definitely the longest run of hovering zero sum day candles
that I have ever witnessed in the e-Mini. I personally tend to anticipate
Price Action pulling back to test the LT Trend Channel Floor, thereby gaining
space for a running charge through the plum line at the LT Trend Channel
Ceiling. No Fundamental reason for this prognosis, just logically speaking,
the BBs need to bring home some bread soon!"

We sure called that one!

Unfortunately, not a lot of profit from Monday's trading. Maybe 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
Monday June 15, 2009

1 = Monday morning opens gap-down with an Anomaly 2-bar at/behind the S2 (Overnight, bottom left chart). The
signal confirms with a 123 (blue arrow).

A = We are pulled in below the S2 on a large red candle through the LowW. DVS (pink arrow) warns of possible
expended Momentum, as does the elongated bottom wick. Use mental stop for a rapid-fire scratch if necessary.

It was necessary. SCRATCH!!!

2 = Double bounce 123 continuation off the S2. Price Action stalls at the LowW/MA.

B = Before the signal expires, per our PMT criterion, we are dragged in on a giant red candle through the S3.
DVS (pink arrow) and the long bottom wick both imply that this may be a one candle move, so, at the close of
the candle, scoot the profit-locking stop above the S3.

C = Large red candle stretches on DVS (pink arrow) to tap on the LT Trend Channel Floor (green line). Per PMT
stop rules, move the profit-locking stop above the high of the candle.

The Twin Towers Volume pattern advises readers of the tape that a stall/sag is coming; a mental stop, therefore,
is advised as preferable.

When, two candles later, Price Action crosses below, and returns above the green line, we recognize a Mid-air
Reversal Signal, which is a PMT Exit Now! Signal. +/- 4.75 points

And that's all there is to say, as the day dribbles out trading sideways at the LT Trend Channel Floor.

D = If you haven't yet shut down, this bear bounce is the final straw. There will not be any PMT trades today.
Shut down your monitor.

PERSPECTIVE
(Daily, bottom right chart)

The interminable indecision, sideways Doji trading at the plum line,
Historical S/R, finally broke loose Monday, with a plunge at the LT
Trend Channel Floor (green line).

Yesterday we predicted this plunge, and suggested it would give the
Bulls room for a running start at the upper half of the Trend Channel.
Let's see if the Support holds. Be prepared, but . . .

REMEMBER: Trade the tape, not my prognosis!

Asher
=] ;-)>
Pivot Magic Trading Course
http://www.tradingthingys.com/PMTJ/Commodity%20Day%20Trading.html

Monday's PMT Chart: