01/18/11 Session

One trade:

Sold YMH11 @11,798, covered @11,776; P&L: 22 points.

Session low was 11,688; session high was 11,817; settlement price was 11,811.

Orders for 01/19/2011 session:

Buy YMH11 @11,652 with 11,634 stop and 11,688 take-profit.

(Weekly Pivot Point is at 11,662)

Sell YMH11 @11,898 with 11,916 stop and 11,866 take-profit.

(Daily R2 resistance is at 11,901; daily R1 is at 11,856)

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