BS"D

Exploit Pivot Points
Learn to Read the Tape
Daytrading Course

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DAILY PIVOT MAGIC TRADING JOURNAL - EXCERPT

Good morning,

Wednesday taped a decent-ranged, day-long trending trajectory from
Pivot Point (R1) to Pivot Point (R3).

We were shaken out during the protracted sideways battle to overcome
R2 Pivot Point level Resistance, and thus missed the S-trap at 1:30.

Couldn't have describe a better Price Action fit if we'd drawn the
PLs after the day closed!

Pivot Points Rule!

Nevertheless, the best thing about Wednesday was that our suffering
was cut short, and we shut down the montitors early.

Perhaps a large-range Retracement on Thursday?

Enjoy and be well,

[SNIP]

PERSPECTIVE
(Daily, bottom right chart)

Wednesday's gap and large white day candle cancel our Bear reading,
which puts the LT Trend Channel Ceiling(green channel lines) in range.

What can I say, with neither the News nor the Rumors (nor Volume)
driving Price Action, we must assume a hidden market force, which we
will henceforth call "The Helium Effect". LOL!

REMEMBER: Trade the Tape, Not my Prognostics!

Asher
=] ;-)>

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

Wednesday's PMT Chart: