03/04/2011 Session

One trade:

Bought YMH11 @12,102, stopped out @12,081; P&L: -21 points.

Session low was 12,066; session high was 12,288; settlement price was 12,154.

Orders for 03/07 session:

Buy YMH11 @12,002 with 11,984 stop and 12,038 take-profit.

(Weekly S1 support @11,990; daily S1 support @12,051)

Sell YMH11 @12,298 with 12,311 stop and 12,276 take-profit.

(Weekly R1 resistance @12,305; daily R1 resistance @12,273)

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