September 19, 2011

09/19/2011 Session

One trade:

Bought YMZ11 @11,202, stopped out @11,183; P&L: - 19 points.

Session low was 11,176, session high 11,371 and settlement price 11,323

Orders for 09/20 session:

Buy YMZ11 @11,202 with 11,184 stop and 11,238 take-profit.
(Weekly Pivot Point @11,200 and daily S1 support @11,209; daily Pivot Point @11,290)

Sell YMZ11 @11,398 with 11,416 stop and 11,362 take-profit.
(Daily R1 resistance @11,404)

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

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