Trades and Orders (End of 7/28/10 session)

One trade:

Bought YMU10 @10,446, stopped out @ 10,432; P&L: -14 points.

New orders:

Buy YMU10 @10,402 with 10,389 stop and 10,438 take-profit.

(Daily S1 pivot point is 10,399)

Buy YMU10 @10,352 with 10,339 stop and 10,388 take-profit.

(Daily S2 pivot point is 10,348)

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