03/03/2011 Session

One trade:

Sold YMH11 @12,098, stopped out @12,126; P&L: -28 points.

Session low was 12,272; session high was 12,039; settlement price was 12,239.

Orders for 03/04 session:

Buy YMH11 @12,102 with 12,084 stop and 12,138 take-profit.

(Daily S1 support @12,095; weekly Pivot Point @12,150)

Sell YMH11 @12,398 with 12,416 stop and 12,362 take-profit.

(Daily R2 resistance @12,416)

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