Trades/Orders (End of 7/20/10 session)

Two trades (in chronological order):

Bought YMU10 @10,006, sold @ 10,044; P&L: 38 points.

(order filled in the overnight session; 10,000 indeed acted as psychological barrier since 10,000 was the exact overnight low; with the U.S. and European markets closed, there isn't any other frame of reference besides the purely technical picture of YMU10, therefore pivot points, natural support and resistance levels seem to be respected a little more during the overnight session)

Sold YMU10 @10,144, stopped out @10,161; P&L: -17 points.

(this one was close enough but just didn't work out)

New orders:

Buy YMU10 @10,106 with 10,089 stop and 10,144 take-profit.

(Daily PP pivot point is 10,104)

Sell YMU10 @10,258 with 10,276 stop and 10,212 take-profit.

(Daily R1 pivot point is 10,261; weekly R1 is 10,275; 200-day simple moving average is now sitting at 10,256)

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