Trades/Orders (End of 7/21/10 session)

One trade:

Bought YMU10 @10,106, stopped out @ 10,090; P&L: -16 points.

(it seems favorable slippage is not a rare occurrence)

New orders:

Buy YMU10 @9,976 with 9,964 stop and 9,998 take-profit.

(Daily S1 pivot point is 9,971)

Sell YMU10 @10,098 with 10,111 stop and 10,062 take-profit.

(Daily PP pivot point is 10,101, could act as resistance; so does the 50-day simple moving average sitting now also at 10,101)

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