Trades/Orders (End of 10/20/10 Session)

Two trades:

Sold YMZ10 @10,998, stopped out @11,017; P&L: -19 points.

Sold YMZ10 @11,048, stopped out @11,066; P&L: -18 points.

Settlement price was 11,063.

New orders:

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

(Daily S1 pivot point is 10,943; weekly PP is 10,994)

Sell YMZ10 @11,148 with 11,166 stop and 11,112 take-profit.

(Daily R1 pivot point is 11,142; weekly R1 is 11,134; daily PP is 11,023)

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