12/01/10 Session

One trade on 12/01/10 session:

Sold YMZ10 @11,198, stopped out @11,203; P&L: -5 points.

(welcome favorable slippage)

Session low was 10,971; session high was 11,268; settlement price was 11,233.

Orders for 12/02 session:

Buy YMZ10 @11,152 with 11,134 stop and 11,188 take-profit.

(Daily Pivot Point is 11,157; weekly R1 resistance is 11,193)

Sell YMZ10 @11,348 with 11,366 stop and 11,312 take-profit.

(Weekly R2 resistance is 11,357; daily R1 is 11,344)

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