March 11, 2012

03/09/2012 Session

One trade:

Sold YMM12 @12,898, covered @12,842; P&L: + 56 points (rare favorable slippage, due to February jobs report).

Orders for 03/12/2012 session:

Buy YMM12 @12,802 with 12,784 stop and 12,838 take-profit.
(Daily S1 support @12,804 and weekly Pivot Point @12,808; daily Pivot Point @12,854)

Sell YMM12 @12,898 with 12,916 stop and 12,866 take-profit.
(Daily R1 resistance @12,914; daily Pivot Point @12,854)

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

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