05/06/2011 Session

One trade triggered:

Sold YMM11 @12,698, covered @12,662; P&L: 36 points.

Session low was 12,547; session high was 12,714; settlement price was 12,569.

Orders for 05/09 session:

Buy YMM11 @12,402 with 12,384 stop and 12,438 take-profit.

(Weekly S1 support @12,400; daily S2 support @12,444)

Sell YMM11 @12,798 with 12,811 stop and 12,777 take-profit.

(Weekly R1 resistance @12,806; daily R2 resistance @12,776)

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