BS"D

Exploit Pivot Points
Learn to Read the Tape
Daytrading Course

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DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

Good morning,

Although the Pivot Points rule on Tuesday, we only got a bite on the way down,
and sat groaning all the way back up. The market is extraordinarily dull.
Expect an explosive surprise (can you say, "expect a surprise?) in the next
couple of days.

Enjoy and be well,

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E-mini ES M0
Tuesday April 13, 2010

Morning session opens gap-down with an Anomaly Doji Sandwich off the S1. No open Price Window to the
Pivot. No entry.

1 = Doji Sandwich at the S1. No breakout.

2 = Reverse Flag-like 123 "S" Signal through the S1.

A = DVS (pink arrow) pumps a large red candle, pulling us in on the way to the S2. Although initial stop
advances above the high of the candle, at the close of the candle advance the profit-locking stop to
"free trade".

B = Large (relative to today's ABS) red candle through the S2. BTW, this is a 2-candle 123 entry, so we
take the opportunity to add contracts.

C = Large (for today) red inverted (Bull) Dragonfly. Per our stop rules, move the profit-locking stop
above the high of the candle. Elongated bottom wick, brakes have been applied, warns us to expect a Pivot
Scalp exit at S3.

D = Very large red Bull Dragonfly spikes through the S3 and retracts. Pivot Scalp exit. +/- 4.25 points

3 = DVS-based (pink arrow) 2-bar. We don't trust DVS-based signals for longevity. We resist temptation,
as Volume drops off drastically and Price Action turns sideways.

[SNIP]

PERSPECTIVE
(Daily, bottom chart)

Tuesday again taped a tiny Doji (white this time) Dragonfly in the upper
half of the LT Trend channel (green channel lines).

Surely we may now truly expect a retest of the Trend mid-line (green
dotted line). LOL!

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>

Pivot Point Daytrading Course
http://www.tradingthingys.com/PMTJ/Commodity%20Day%20Trading.html

Tuesday's PMT Chart: