12/13/10 Session

One trade:

Sold YMH11 @11,398, stopped out @11,416; P&L: -18 points.

Session low was 11,316; session high was 11,418; settlement price was 11,366.

Orders for 12/14 session:

Buy YMH11 @11,252 with 11,234 stop and 11,288 take-profit.

(Weekly S1 support is at 11,248; weekly Pivot Point is at 11,312)

Sell YMH11 @11,498 with 11,511 stop and 11,476 take-profit.

(Weekly R2 resistance is at 11,473)

Buy YMH11 @11,302 with 11,284 stop and 11,338 take-profit.

(Weekly Pivot Point is at 11,312; daily S1 support is at 11,315; daily Pivot Point is at 11,367; order added 12/14 @10:35 am ET)

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