Trades/Orders (Close of 11/24/10 Session)

One trade for the 11/24/10 session:

Sold YMZ10 @11,048, stopped out @11,069; P&L: -21 points.

Session low was 10,985; session high was 11,175; settlement price was 11,155.

Orders for the 11/26 session:

Buy YMZ10 @11,102 with 11,084 stop and 11,138 take-profit.

(Daily Pivot Point is 11,105)

Buy YMZ10 @11,002 with 10,984 stop and 11,034 take-profit.

(Weekly S1 support is 11,002; daily S1 is 11,035)

Sell YMZ10 @11,298 with 11,316 stop and 11,262 take-profit.

(Weekly R1 resistance is 11,301; daily R2 resistance is 11,295; daily R1 resistance is 11,225)

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