June 20, 2011

06/20/2011 Session

One trade triggered:

Sold YMU11 @11,998, stopped out @12,016; P&L: -18 points.

Session low was 11,851, session high 12,032 and settlement price 12,013

Orders for 06/21 session:

Buy YMU11 @11,902 with 11,884 stop and 11,938 take-profit.
(Daily S1 support @11,899; daily Pivot Point @11,965)

Sell YMU11 @12,148 with 12,166 stop and 12,112 take-profit.
(Daily R2 resistance @12,146; daily R1 resistance @12,080)

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

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