Trades/Orders (End of 9/21/10 Session)

One trade:

Sold YMZ10 @10,744, stopped out @10,761; P&L: -17 points.

(10,765 was the high)

New orders:

Buy YMZ10 @10,636 with 10,623 stop and 10,668 take-profit.

(Daily S1 pivot point is 10,632; weekly R1 is 10,642)

Sell YMZ10 @10,754 with 10,766 stop and 10,727 take-profit.

(Daily R1 pivot point is 10,760; weekly R2 is 10,747)

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