January 30, 2011

01/28/11 Session

One trade:

Buy YMH11 @11,802, stopped out @11,776; P&L: -26 points.

Session low was 11,753; session high was 11,965; settlement price was 11,775.

Orders for 01/31/2011 session:

Buy YMH11 @11,702 with 11,684 stop and 11,738 take-profit.
(Daily S1 support is at 11,697)

Sell YMH11 @11,898 with 11,916 stop and 11,862 take-profit.
(Daily R1 resistance is at 11,909)

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

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