05/05/2011 Session

Two trades triggered:

Bought YMM11 @12,602, sold @ 12,634; P&L: 32 points.

Bought YMM11 @12,502, sold @12,523; P&L: 21 points.

Session low was 12,467; session high was 12,720; settlement price was 12,570.

Orders for 05/06 session:

Buy YMM11 @12,452 with 12,434 stop and 12,488 take-profit.

(Daily S1 support @12,451; weekly S1 @12,499)

Sell YMM11 @12,698 with 12,716 stop and 12,662 take-profit.

(Daily R1 resistance @12,704; weekly Pivot Point @12,647)

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