July 29, 2010

Trades/Orders (End of 7/29/10 session)


Two trades:

Bought YMU10 @10,402, stopped out @ 10,387; P&L: -15 points.

Bought YMU10 @10,352, stopped out @ 10,338; P&L: -14 points.
(low of the day was 10,336)

New orders:

Buy YMU10 @10,321 with 10,309 stop and 10,348 take-profit.
(Daily S1 pivot point is 10,317)

Sell YMU10 @10,514 with 10,526 stop and 10,482 take-profit.
(Daily R1 pivot point is 10,519)

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

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