10/04/2011 Session

Two trades:

Bought YMZ11 @10,402, stopped out @10,374; P&L: -28 points.


Bought YMZ11 @10,606, sold @10,644; P&L: + 38 points.

Session low was 10,328, session high 10,749 and settlement price 10,683. 

Orders for 10/05 session:

Buy YMZ11 @10,502 with 10,484 stop and 10,538 take-profit.

(Weekly S1 support @10,498; daily Pivot Point @10,587)

Sell YMZ11 @10,898 with 10,916 stop and 10,862 take-profit.

(Weekly Pivot Point @10,894; daily R1 resistance @10,845)

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