Trades And Orders (End of 7/30/10 session)

One trade:

Bought YMU10 @10,321, stopped out @ 10,292; P&L: -29 points.

(entry and stop orders were both triggered within a second of the 8:30 am ET GDP number, thus the monstrous 17 point slippage)

July P&L: 7 points.

(23 trades)

New orders:

Buy YMU10 @10,302 with 10,284 stop and 10,338 take-profit.

(Daily S1 pivot point is 10,315; weekly S1 is 10,289)

[order cancelled 8/2 @4:00 am ET, market moved away]

Buy YMU10 @10,402 with 10,384 stop and 10,438 take-profit.

(Daily PP pivot point is 10,388; weekly PP is 10,414)

[order entered 8/2 @4:00 am ET]

Sell YMU10 @10,548 with 10,566 stop and 10,512 take-profit.

(Daily R2 pivot point is 10,562; weekly R1 is 10541)

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

Trades/Orders (End of 7/29/10 session)

Two trades:

Bought YMU10 @10,402, stopped out @ 10,387; P&L: -15 points.

Bought YMU10 @10,352, stopped out @ 10,338; P&L: -14 points.

(low of the day was 10,336)

New orders:

Buy YMU10 @10,321 with 10,309 stop and 10,348 take-profit.

(Daily S1 pivot point is 10,317)

Sell YMU10 @10,514 with 10,526 stop and 10,482 take-profit.

(Daily R1 pivot point is 10,519)

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

Trades and Orders (End of 7/28/10 session)

One trade:

Bought YMU10 @10,446, stopped out @ 10,432; P&L: -14 points.

New orders:

Buy YMU10 @10,402 with 10,389 stop and 10,438 take-profit.

(Daily S1 pivot point is 10,399)

Buy YMU10 @10,352 with 10,339 stop and 10,388 take-profit.

(Daily S2 pivot point is 10,348)

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

Trades/Orders (End of 7/27/10 session)

One trade:

Sold YMU10 @10,494, stopped out @ 10,512; P&L: -18 points.

New orders:

Buy YMU10 @10,446 with 10,434 stop and 10,473 take-profit.

(Daily S1 pivot point is 10,443, which is also the regular session low)

Sell YMU10 @10,538 with 10,556 stop and 10,506 take-profit.

(Daily R1 pivot point is 10,539; weekly R1 is 10,537 )

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

Trades/Orders (End of 7/26/10 session)

One trade:

Sold YMU10 @10,444, covered @ 10,412; P&L: 32 points.

New orders:

Sell YMU10 @10,494 with 10,511 stop and 10,462 take-profit.

(Daily R1 pivot point is 10,504; 10,500 possible psychological resistance)

Sell YMU10 @10,544 with 10,561 stop and 10,512 take-profit.

(Daily R2 pivot point is 10,551; weekly R1 is 10,537 )

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

Trades/Orders (End of 7/23/10 session)

One trade:

Sold YMU10 @10,373, stopped out @ 10,386; P&L: -13 points.

New orders:

Buy YMU10 @10,332 with 10,318 stop and 10,373 take-profit.

(Daily PP pivot point is 10,338)

Sell YMU10 @10,444 with 10,461 stop and 10,412 take-profit.

(Daily R1 pivot point is 10,441)

Buy YMU10 @10,286 with 10,273 stop and 10,323 take-profit.

(Daily S1 pivot point is 10,283; order added 7/26 @9:50 am ET)

Sell YMU10 @10,494 with 10,511 stop and 10,456 take-profit.

(Daily R2 pivot point is 10,496, 10,500 possible psychological resistance; order added 7/26 @9:50 am ET)

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

Inception

Just saw the movie Inception. I'm still trying to wrap my mind around it and I don't think I'll be done anytime soon. Some people have been calling it "the greatest movie of all time", probably the same people who called Avatar the GMOAT; I wonder if they still feel that way. But it's definitely a mind-bending, brain-teasing masterpiece of a movie, inspired and informed by The Matrix but many orders of magnitude more complex. It is also the only movie I know of in which it takes an hour and a half for a van jumping off a bridge to reach the water below, in real time, or I should say dream time or more precisely dream-within-a-dream-within-a-dream time...or maybe movie time, I'll have to think about that.

P.S. This and this clarify (demystify?) the plot a little.

Trades/Orders (End of 7/22/10 session)

One trade:

Sold YMU10 @10,098, stopped out @ 10,113; P&L: -15 points.

(unfavorable slippage is not a rare occurrence either)

New orders:

Buy YMU10 @10,202 with 10,189 stop and 10,238 take-profit.

(Daily PP pivot point is 10,204)

Sell YMU10 @10,373 with 10,386 stop and 10,332 take-profit.

(Daily R1 pivot point is 10,374; )

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