Trades/Orders (End of 8/19/10 Session)

One trade:

Bought YMU10 @10,302, stopped out @10,275; P&L: -27 points.

(9 point slippage)

New orders:

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

(Daily S1 pivot point is 10,146)

Sell YMU10 @10,298 with 10,311 stop and 10,262 take-profit.

(Daily PP pivot point is 10,285; 10,300-ish level previous resistance)

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