August 9, 2011

08/09/2011 Session

Two trades triggered:

Bought YMU11 @10,402, sold @10,438; P&L: +36 points.


Sold YMU11 @10,898, stopped out @10,917; P&L: -19 points.

Session low was 10,401, session high 11,234 and settlement price 11,194

Orders for 08/10 session:

Buy YMU11 @10,902 with 10,884 stop and 10,938 take-profit.
(Weekly S1 support @10,900; daily Pivot Point @10,943)

Sell YMU11 @11,498 with 11,516 stop and 11,462 take-profit.
(Daily R1 resistance @11,485)

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

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