Trades/Orders (End of 8/17/10 Session)

One trade:

Sold YMU10 @10,394, stopped out @10,409; P&L: -15 points.

New orders:

Buy YMU10 @10,256 with 10,239 stop and 10,294 take-profit.

(Daily S1 pivot point is 10,259)

Sell YMU10 @10,448 with 10,466 stop and 10,406 take-profit.

(Daily R1 pivot point is 10,461; 10,456 was today's high; 20-day simple moving average is 10,441 )

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