Trades/Orders (End of 8/27/10 Session)

One trade:

Sold YMU10 @9,998, covered @ 9,962; P&L: 36 points.

New orders:

Buy YMU10 @10,002 with 9,984 stop and 10,038 take-profit.

(Daily S1 pivot point is 9,992)

Sell YMU10 @10,298 with 10,316 stop and 10,262 take-profit.

(Daily R2 pivot point is 10,295; weekly R1 is 10,313)

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