November 13, 2011

11/10/2011 Session

One trade:

Sold YMZ11 @11,898, stopped out @11,917; P&L: -19 points.

Orders for 11/14 session:

Buy YMZ11 @11,902 with 11,884 stop and 11,938 take-profit.
(Daily S1 support @11,909; weekly pivot point @11,972)

Sell YMZ11 @12,298 with 12,316 stop and 12,262 take-profit.
(Weekly R1 resistance @12,284; daily R1 @12,228)

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

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