July 31, 2011

07/29/2011 Session

No trades triggered.

July 2011 P&L: - 194 points.
(10 trades - all losers - a major, though not lethal...yet, blow to my e-mini Dow trading program - much analysis needed)

Session low was 12,029, session high 12,211 and settlement price 12,088.

Orders for 08/01 session:

Buy YMU11 @12,002 with 11,984 stop and 12,038 take-profit.
(Daily S1 support @12,008; daily Pivot Point @12,109)

Sell YMU11 @12,448 with 12,466 stop and 12,412 take-profit.
(Weekly R1 resistance @12,452; daily R2 resistance @12,291)

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

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