Trades/Orders (End of 8/24/10 Session)

One trade:

Bought YMU10 @10,052, stopped out @10,134; P&L: -18 points.

New orders:

Buy YMU10 @9,942 with 9,929 stop and 9,973 take-profit.

(Daily S1 pivot point is 9,942; weekly S2 is 9,933)

Sell YMU10 @10,248 with 10,266 stop and 10,206 take-profit.

(Daily R2 pivot point is 10,242; weekly PP is 10,262; 50-day simple moving average is 10,248)

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