January 5, 2012

01/05/2012 Session

One trade:

Bought YMH12 @12,252, stopped out @12,235; P&L: -17 points.

Orders for 01/06 session:

Buy YMH12 @12,252 with 12,234 stop and 12,288 take-profit.
(Daily S1 support @12,242 and weekly R1 resistance @12,250; daily Pivot Point @12,308)

Sell YMH12 @12,398 with 12,416 stop and 12,362 take-profit.
(Daily R1 resistance @12,396; weekly R2 resistance @12,351)

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

No comments: