Trades/Orders (End of 11/26/10 Session)

One trade for the 11/26/10 session:

Bought YMZ10 @11,102, stopped out @11,085; P&L: -17 points.

Session low was 11,029; session high was 11,189; settlement price was 11,030.

Orders for the 11/29 session:

Buy YMZ10 @10,902 with 10,884 stop and 10,938 take-profit.

(Weekly S1 support is 10,917; daily S1 is 10,923)

Sell YMZ10 @11,248 with 11,266 stop and 11,212 take-profit.

(Daily R2 resistance is 11,243; weekly R1 is 11,193)

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