Trades/Orders (End of 8/2/10 Session)

One trade:

Sold YMU10 @10,548, stopped out @ 10,566; P&L: -18 points.

New orders:

Buy YMU10 @10,556 with 10,539 stop and 10,594 take-profit.

(Daily PP pivot point is 10,569; weekly R1 is 10,541)

Sell YMU10 @10,694 with 10,711 stop and 10,662 take-profit.

(Daily R1 pivot point is 10,690; weekly R2 is 10666)

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