August 24, 2011

08/24/2011 Session


Two trades triggered:

Bought YMU11 @11,002, sold @11,034; P&L: + 32 points.


Sold YMU11 @11,298, covered @11,266; P&L: + 32 points.

Session low was 10,998, session high 11,308 and settlement price 11,268

Orders for 08/25 session:

Buy YMU11 @11,002 with 10,984 stop and 11,034 take-profit.
(Weekly Pivot Point @11,035)

Sell YMU11 @11,498 with 11,516 stop and 11,456 take-profit.
(Daily R2 resistance @11,501; daily R1 resistance @11,385)

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

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