07/21/2011 Session

One trade triggered:

Sold YMU11 @12,598, stopped out @12,624; P&L: -26 points.

Session low was 12,464, session high 12,700 and settlement price 12,690. 

Orders for 07/22 session:

Buy YMU11 @12,452 with 12,434 stop and 12,488 take-profit.

(Weekly Pivot Point @12,456; daily S1 support @12,536)

Sell YMU11 @12,848 with 12,866 stop and 12,812 take-profit.

(Daily R2 resistance @12,854; daily R1 resistance @12,772)

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