Latest Trades And Orders (End of 7/15/10 session)

Three trades (in chronological order):

Sold YMU10 @10,359, covered @ 10,327; P&L: 32 points.

Bought YMU10 @10,252, stopped out @10,234; P&L: -18 points.

Bought YMU10 @10,202, stopped out @10,188 stop; P&L: -14 points.

(rare favorable slippage; buy order should have been closer to S2 to have a chance)

New orders:

Buy YMU10 @10,196 with 10,179 stop and 10,224 take-profit.

(Daily S1 pivot point is 10,193; today's session low was 10,183)

Sell YMU10 @10,374 with 10,386 stop and 10,352 take-profit.

(Daily R1 pivot point is 10,377; weekly R1 is 10,352)

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