Trades/Orders (End of 8/20/10 Session)

One trade:

Bought YMU10 @10,152, stopped out @10,135; P&L: -17 points.

(10,127 low of the day)

New orders:

Buy YMU10 @10,052 with 10,034 stop and 10,088 take-profit.

(Daily S2 pivot point is 10,055; weekly S1 is 10,067)

Sell YMU10 @10,348 with 10,366 stop and 10,312 take-profit.

(Daily R2 pivot point is 10,345, 200-day simple moving average is around 10,340)

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