Trades/Orders (End of 9/1/10 Session)

One trade:

Sold YMU10 @10,098, stopped out @10,116 ; P&L: -18 points.

New orders:

Buy YMU10 @10,202 with 10,184 stop and 10,244 take-profit.

(Daily PP pivot point is 10,191; 20-day exponential moving average just above 10,200)

Sell YMU10 @10,448 with 10,466 stop and 10,412 take-profit.

(Daily R2 pivot point is 10,451; potential resistance at 10,456, 08/17 high)

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