July 25, 2011

07/25/2011 Session

One trade triggered:

Buy YMU11 @12,502, stopped out @12,481; P&L: -21 points.

Session low was 12,433, session high 12,604 and settlement price 12,550

Order for 07/26 session:

Sell YMU11 @12,698 with 12,716 stop and 12,662 take-profit.
(Daily R2 resistance @12,700; daily R1 resistance @12,625)

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

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