Trades/Orders (End of 10/18/10 Session)

Two trades:

Bought YMZ10 @10,952, sold @10,988; P&L: 36 points.

(session low was 11,938)

Sold YMZ10 @11,098, covered @11,062; P&L: 36 points.

(session high was 11,103)

Settlement price was 11,045.

New orders:

Buy YMZ10 @10,952 with 10,934 stop and 10,988 take-profit.

(Daily S1 pivot point is 10,954; weekly PP is 10,994)

Sell YMZ10 @11,198 with 11,216 stop and 11,162 take-profit.

(Daily R2 pivot point is 11,194; weekly R1 is 11,134)

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