February 1, 2011

02/01/11 Session


One trade:

Sold YMH11 @11,898, stopped out @11,918; P&L: -20 points.

Session low was 11,832; session high was 12,001; settlement price was 11,973.

Order for 02/02/2011 session:

Sell YMH11 @12,098 with 12,116 stop and 12,062 take-profit.
(Daily R2 resistance is at 12,104; weekly R2 resistance is at 12,052 and daily R1 at 12,039)

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

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