Trades/Orders (End of 10/25/10 Session)

One trade:

Sold YMZ10 @11,153, stopped out @11,167; P&L: -14 points.

Settlement price was 11,115.

New orders:

Sell YMZ10 @11,248 with 11,266 stop and 11,221 take-profit.

(Daily R2 pivot point is 11,248; weekly R1 is 11,216)

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

(20-day exponential moving average is 10,946; order added 10/26 @9:00 am ET)

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