Trades/Orders (End of 8/16/10 Session)

One trade:

Bought YMU10 @10,202, stopped out @10,183; P&L: -19 points.

(10,181 low of the day)

New orders:

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

(Daily S1 pivot point is 10,199)

Sell YMU10 @10,394 with 10,411 stop and 10,356 take-profit.

(Daily R2 pivot point is 10,387; weekly PP is 10,390; 20-day exponential moving average is 10,391)

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