August 22, 2011

08/22/2011 Session

One trade triggered:

Sold YMU11 @10,998, stopped out @11,015; P&L: - 17 points.

Session low was 10,713, session high 11,034 and settlement price 10,847

Orders for 08/23 session:

Buy YMU11 @10,702 with 10,684 stop and 10,744 take-profit.
(Daily S1 support @10,695; daily Pivot Point @10,865)

Sell YMU11 @11,198 with 11,216 stop and 11,156 take-profit.
(Daily R2 resistance @11,186; daily R1 resistance @11,016)

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

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