July 27, 2011

07/27/2011 Session

One trade triggered:

Bought YMU11 @12,302, stopped out @12,287; P&L: -15 points.

Session low was 12,232, session high 12,458 and settlement price 12,244

Order for 07/28 session:

Sell YMU11 @12,398 with 12,416 stop and 12,362 take-profit.
(Daily R1 resistance @12,391; daily Pivot Point @12,311)

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

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