June 15, 2011

06/15/2011 Session

One trade triggered:

Bought YMU11 @11,802, sold @11,838; P&L: +36 points.

Session low was 11,791, session high 12,013 and settlement price 11,831

Orders for 06/16 session:

Buy YMU11 @11,702 with 11,684 stop and 11,738 take-profit.
(Weekly S2 support @12,691; daily S1 support @11,744)

Sell YMU11 @12,098 with 12,116 stop and 12,062 take-profit.
(Daily R2 resistance @12,100 and 20-day Exponential Moving average @12,095; weekly R1 resistance @12,036)

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

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