Trades/Orders (End of 10/19/10 Session)

One trade:

Bought YMZ10 @10,952, stopped out @10,934; P&L: -18 points.

Settlement price was 10,943.

New orders:

Buy YMZ10 @10,852 with 10,834 stop and 10,879 take-profit.

(Daily S1 pivot point is 10,849; weekly S1 is 10,883)

Sell YMZ10 @10,998 with 11,016 stop and 10,962 take-profit.

(Weekly PP pivot point is 10,994; daily PP is 10,955)

Sell YMZ10 @11,048 with 11,066 stop and 11,012 take-profit.

(Daily R1 pivot point is 11050; weekly PP is 10,994; order added 10/20 @9:30 am ET)

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