02/28/11 Session

One trade:

Sold YMH11 @12,148, stopped out @12,168; P&L: -20 points.

February P&L: -54 points.

(8 trades)

Session low was 12,067; session high was 12,235; settlement price was 12,214.

Orders for 03/01/2011 session:

Buy YMH11 @12,102 with 12,084 stop and 12,144 take-profit.

(Daily S1 support @12,109; weekly Pivot Point @12,150 and daily Pivot Point @12,172)

Sell YMH11 @12,348 with 12,366 stop and 12,306 take-profit.

(Daily R2 resistance @12,340 and weekly R1 resistance @12,336; daily R1 resistance @ 12,277)

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