May 23, 2012

05/22/2012 Session


One trade:

Sold YMM12 @12,548, covered @12,512; P&L: + 36 points.

Orders for 05/23/2012 session:

Buy YMM12 @12,352 with 12,334 stop and 12,388 take-profit.
(Daily S2 support @12,354; daily S1 support @12,416)

Sell YMM12 @12,548 with 12,566 stop and 12,512 take-profit.
(Daily R1 resistance @12,546; weekly and daily Pivot Points @12,484)

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

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