September 11, 2011

09/09/2011 Session

One trade:

Bought YMZ11 @11,152, stopped out @11,134; P&L: - 18 points.

Session low was 10,853, session high 11,300 and settlement price 10,949

Orders for 09/12 session:

Buy YMZ11 @10,702 with 10,684 stop and 10,738 take-profit.
(Weekly S1 support @10,731)

Sell YMZ11 @11,198 with 11,216 stop and 11,162 take-profit.
(Daily R1 resistance @11,215)

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

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