01/12/11 Session

One trade:

Sold YMH11 @11,698, stopped out @11,716; P&L: -18 points.

Session low was 11,605; session high was 11,730; settlement price was 11,708.

Orders for 01/13/2011 session:

Buy YMH11 @11,552 with 11,534 stop and 11,588 take-profit.

(Weekly S1 support is at 11,539 and daily S2 support at 11,556; 20-day EMA is at 11,548)

Sell YMH11 @11,798 with 11,816 stop and 11,762 take-profit.

(Daily R2 resistance is at 11,806; daily R1 is at 11,757)

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