03/08/2011 Session

One trade:

Sold YMH11 @12,198, stopped out @12,216; P&L: -18 points.

Session low was 12,062; session high was 12,245; settlement price was 12,199.

Orders for 03/09 session:

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

(Weekly S1 support @11,990 and daily S1 @11,986; daily Pivot Point @12,092)

Sell YMH11 @12,298 with 12,311 stop and 12,281 take-profit.

(Weekly R1 resistance @12,305; daily R1 @12,275)

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