August 10, 2011

08/10/2011 Session

One trade triggered:

Bought YMU11 @10,902, stopped out @10,883; P&L: -19 points.

Session low was 10,646, session high 11,263 and settlement price 10,725

Order for 08/11 session:

Buy YMU11 @10,406 with 10,373 stop and 10,488 take-profit.
(Weekly S2 support @10,398; daily S1 support @10,493)

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

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