01/03/11 Session

One trade:

Sold YMH11 @11,598, stopped out @11,611; P&L: -13 points.

Session low was 11,542; session high was 11,651; settlement price was 11,585.

Orders for 01/04/2011 session:

Buy YMH11 @11,452 with 11,434 stop and 11,484 take-profit.

(Weekly S1 support is at 11,456; daily S2 support is at 11,484)

Sell YMH11 @11,698 with 11,716 stop and 11,662 take-profit.

(Daily R2 resistance is at 11,702; daily R1 resistance is at 11,643)

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