Trades/Orders (End of 11/16/10 Session)

One trade:

Bought YMZ10 @11,052, stopped out @11,034; P&L: -18 points.

Settlement price was 10,984.

New orders:

Buy YMZ10 @10,902 with 10,884 stop and 10,944 take-profit.

(Daily S1 support is 10,897; daily Pivot Point is 11,034)

Sell YMZ10 @11,098 with 11,116 stop and 11,062 take-profit.

(Daily R1 resistance is 11,120)

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