Trades/Orders (End of 11/01/10 Session)

One trade:

Sold YMZ10 @11,148, stopped out @11,165; P&L: -17 points.

Settlement price was 11,090.

New orders:

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

(Daily S1 support is 11,001; weekly Pivot Point is 11,079)

Sell YMZ10 @11,198 with 11,216 stop and 11,162 take-profit.

(Session high was 11,196; daily R1 resistance is 11,188; weekly R1 is 11,187; daily pivot point is 11,098)

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