03/02/2011 Session

One trade:

Sold YMH11 @12,098, covered @12,062; P&L: 36 points.

Session low was 11,977; session high was 12,105; settlement price was 12,046.

Orders for 03/03 session:

Buy YMH11 @11,902 with 11,884 stop and 11,938 take-profit.

(50-day Simple Moving Average @ 11,899 and daily S2 support @11,915; daily S1 support @ 11,980)

Sell YMH11 @12,098 with 12,116 stop and 12,062 take-profit.

(Daily R1 resistance @12,108, session high @12,105 and 20-day Exponential Moving Average @12,100; daily Pivot Point @ 12,043)

Sell YMH11 @12,298 with 12,316 stop and 12,262 take-profit.

(Daily R3 resistance @12,299; order added 03/03 @10:00 am ET)

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