6A 03 12 (1 Min) 10.12.11

10/12/2011 Monthly Unemployment Report (1430 HI time / 2030 EDT)
Non Farm Jobs Forecast: 10.1K
Non Farm Jobs Actual:20.4K
Previous Revision: -0.8K to -10.5K
Rate Forecast: 5.3%
Rate Actual:5.2%
SPIKE / RETRACE
Started @ 0.9970 (1430)
1st Peak @ 1.0054 – 1431 (1 min)
84 ticks

Reversal to 1.0010 – 1436 (6 min)
44 ticks

Notes: *Report broke 5 sec early accounting for the late spike on the 1430 candle (spiked up 40 ticks, then retraced 15 to transition to the 1431 candle). Strongly positive report that exceeded the forecast with a slightly negative revision to the previous report causing a large spike upward. The 1431 candle went up about 20 ticks then fell 50 before rebounding and continuing upward. With JOBB this would have taken your stop loss due to the early move setting up your bracket trade higher.