Trades And Orders (End of 7/30/10 session)

One trade:

Bought YMU10 @10,321, stopped out @ 10,292; P&L: -29 points.

(entry and stop orders were both triggered within a second of the 8:30 am ET GDP number, thus the monstrous 17 point slippage)

July P&L: 7 points.

(23 trades)

New orders:

Buy YMU10 @10,302 with 10,284 stop and 10,338 take-profit.

(Daily S1 pivot point is 10,315; weekly S1 is 10,289)

[order cancelled 8/2 @4:00 am ET, market moved away]

Buy YMU10 @10,402 with 10,384 stop and 10,438 take-profit.

(Daily PP pivot point is 10,388; weekly PP is 10,414)

[order entered 8/2 @4:00 am ET]

Sell YMU10 @10,548 with 10,566 stop and 10,512 take-profit.

(Daily R2 pivot point is 10,562; weekly R1 is 10541)

[ For some background and a disclaimer, please read this post and especially this post. ]