July 12, 2011

07/12/2011 Session

One trade triggered:

Bought YMU11 @12,352, stopped out @12,333; P&L: - 19 points.

Session low was 12,319, session high 12,516 and settlement price 12,413

Order for 07/13 session:

Sell YMU11 @12,598 with 12,616 stop and 12,556 take-profit.
(Daily R2 resistance @12,613 and weekly Pivot Point @12,604; daily R1 resistance @12,513)

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

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