Trades/Orders (End of 8/31/10 Session)

One trade:

Sold YMU10 @10,048, stopped out @10,065 ; P&L: -17 points.

(10,066 was the daily high; 1 point favorable slippage)

August P&L: 123 points.

(19 trades)

New orders:

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

(Daily S1 pivot point is 9,940; weekly S1 is 9,941)

Sell YMU10 @10,098 with 10,116 stop and 10,056 take-profit.

(Daily R1 pivot point is 10,098; weekly PP pivot point is 10,114)

Note (added 9/1/10 @2:53 pm ET): it turned out I used the wrong settlement price to determine the pivot points. I went with 10,035, which was the last traded price; I should have used 10,006, the surprising settlement price.

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