Trades/Orders (End of 8/13/10 Session)

One trade:

Sold YMU10 @10,348, covered @10,306; P&L: 42 points.

New orders:

Buy YMU10 @10,202 with 10,184 stop and 10,244 take-profit.

(50-day moving average is 10,210; daily S1 pivot point is 10,206; 10,200-ish acted as support over the past 2 trading days)

Sell YMU10 @10,348 with 10,366 stop and 10,306 take-profit.

(Daily R1 pivot point is 10,341; 10,350-ish acted as resistance over the past 2 trading days)

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