Trades/Orders (End of 7/23/10 session)

One trade:

Sold YMU10 @10,373, stopped out @ 10,386; P&L: -13 points.

New orders:

Buy YMU10 @10,332 with 10,318 stop and 10,373 take-profit.

(Daily PP pivot point is 10,338)

Sell YMU10 @10,444 with 10,461 stop and 10,412 take-profit.

(Daily R1 pivot point is 10,441)

Buy YMU10 @10,286 with 10,273 stop and 10,323 take-profit.

(Daily S1 pivot point is 10,283; order added 7/26 @9:50 am ET)

Sell YMU10 @10,494 with 10,511 stop and 10,456 take-profit.

(Daily R2 pivot point is 10,496, 10,500 possible psychological resistance; order added 7/26 @9:50 am ET)

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