Trades/Orders (End of 8/11/10 Session)

One trade:

Bought YMU10 @10,452, stopped out @ 10,433; P&L: -19 points.

New orders:

Buy YMU10 @10,202 with 10,189 stop and 10,238 take-profit.

(50-day moving average is 10,209; daily S1 pivot point is 10,239)

Sell YMU10 @10,398 with 10,411 stop and 10,362 take-profit.

(Daily PP pivot point is 10,432; 20-day moving average is 10,412)

Buy YMU10 @10,152 with 10,134 stop and 10,194 take-profit.

(Daily S2 pivot point is 10,142; order added 8/12 @ 12:10 pm ET)

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