Trades/Orders (End of 11/04/10 Session)

One trade:

Sold YMZ10 @11,298, stopped out @11,315; P&L: -17 point.

Settlement price was 11,387.

New orders:

Buy YMZ10 @11,302 with 10,284 stop and 11,344 take-profit.

(Weekly R2 is 11,309; daily Pivot Point is 11,315)

Sell YMZ10 @11,548 with 11,566 stop and 11,506 take-profit.

(Daily R2 resistance is 11,546; daily R1 is 11,467)

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