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

One trade:

Sold YMZ10 @11,148, covered @11,112; P&L: 36 points.

(11,164 was the session high)

Settlement price was 11,083.

New orders:

Buy YMZ10 @11,002, with 10,984 stop and 11,038 take-profit.

(Weekly PP pivot point is 10,994; daily S1 is 11,010; daily PP is 11,087)

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

(Daily R1 pivot point is 11,160; weekly R1 is 11,134; daily PP is 11,087)

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