December 20, 2011

12/20/11 Session

One trade:

Sold YMH12 @11,898, stopped out @11,916; P&L: -18 points.

Orders for 12/21 session:

Buy YMH12 @11,802 with 11,784 stop and 11,838 take-profit.
(Daily S1 support @11,800; weekly Pivot Point @11,875)

Sell YMH12 @12,298 with 12,316 stop and 12,262 take-profit.
(Daily R2 resistance @12,278)

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

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