01/25/2012 Session

Two trades:

Bought YMH12 @12,552, stopped out @12,533; P&L: - 19 points.


Sold YMH12 @12,698, stopped out @12,717; P&L: -19 points.

Orders for 01/26 session:

Buy YMH12 @12,552 with 12,534 stop and 12,588 take-profit.

(Weekly Pivot Point @12,550; daily S1 support @12,565)

Sell YMH12 @12,848 with 12,866 stop and 12,812 take-profit.

(Daily R2 resistance @12,848)

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