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Posted by Asher on March 11, 2008, 9:13 am
BS"D
Daytrading Course
Learn to Read the Tape
Exploit Pit Pivot Points
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PIVOT MAGIC JOURNAL - EXCERPT
Good morning,
Monday's tape presented us with one decent 10-point trade,
and a bit of scratching practice.
Always a good (but painful) lesson to learn!
Be well,
=] ;-)>
******************************
BS"D
Pivot Magic Trading
First rule:
"...Any time you don't know what is happening, get out!"
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E-mini
Monday March 10, 2008
. . . [SNIP] . . .
4A = Volume (middle chart) tells us that the BBs are coming back from
lunch. Prepare to trade!
4B = TTT (Third Time Through) assault of the S1 succeeds. 123 retest
is an acceptable "S" entry signal.
F = Entry on this large red candle permits initial stop to be advanced
above the high of the candle.
G = Arrrrggghhh!!!
Lower-Low-Turns-White. That's one of our Pivot Magic Trading Exit
Now! signals.
Do not hesitate. Go flat NOW!
All we got for our effort was practice scratching! +/- 1.75 points
. . . [SNIP] . . .
Asher
=] ;-)>
Pivot Magic Trading Course
http://www.TradingThingys.com
Monday's PMT Chart:
Http://www.TradingThingys.com/PMTJ/PivotMagic031008.gif
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