Trades/Orders (End of 10/5/10 Session)

One trade:

Sold YMZ10 @10,798, stopped out @10,807; P&L: -9 points.

(favorable slippage)

Settlement price was 10,864.

New orders:

Buy YMZ10 @10,652 with 10,634 stop and 10,694 take-profit.

(Weekly S1 pivot point is 10,659; daily S1 is 10,735; 20-day simple and exponential moving averages are just below 10,650)

Sell YMZ10 @10,948 with 10,966 stop and 10,912 take-profit.

(Daily R1 pivot point is 10,947; weekly R1 is 10,882)

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