05/04/2011 Session

One trade triggered:

Bought YMM11 @12,652, stopped out @12,637; P&L: -15 points.

Session low was 12,621; session high was 12,777; settlement price was 12,672.

Orders for 05/05 session:

Buy YMM11 @12,602 with 12,584 stop and 12,634 take-profit.

(Daily S1 support @12,603; weekly Pivot Point @12,647)

Sell YMM11 @12,848 with 12,866 stop and 12,812 take-profit.

(Daily R2 resistance @12,846; daily R1 resistance @12,759)

Buy YMM11 @12,502 with 12,489 stop and 12,523 take-profit.

(Weekly S1 support @12,499; order added 05/05 @2:00 pm ET)

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