Trades/Orders (End of 8/6/10 Session)

One trade:

Bought YMU10 @10,552, sold @ 10,573; P&L: 21 points.

New orders:

Buy YMU10 @10,502 with 10,484 stop and 10,544 take-profit.

(Daily S1 pivot point is 10,499)

Sell YMU10 @10,798 with 10,816 stop and 10,756 take-profit.

(Daily R2 pivot point is 10,804)

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