August 7, 2011

08/05/2011 Session

One trade triggered:

Bought YMU11 @11,102, sold @11,138; P&L: + 36 points.

Session low was 11,088, session high 11,546 and settlement price 11,402

Orders for 08/08 session:

Buy YMU11 @10,902 with 11,884 stop and 11,938 take-profit.
(Daily S2 support @10,887 and weekly S1 support @10,900)

Sell YMU11 @11,598 with 11,616 stop and 11,562 take-profit.
(Daily R1 resistance @11,603 and weekly Pivot Point @11,590)

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

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