6A 03 12 (1 Min) 12.06.11

12/6/2011 Quarterly Advance GDP (1430 HI time / 1930 EDT)
Forecast: 1.0%
Actual: 1.0%
Previous Revision: +0.2% to 1.4%
SPIKE / RETRACE
Started @ 1.0130
1st Peak@ 1.0165 – 1431 (1 min)
35 ticks

Reversal to 1.0147 – 1457 (26 min)
18 ticks (4x bottom)

Notes: Report matched the forecast, with a previous upward revision. This caused a healthy spike, with no 2nd peak and a typical reversal on the end. If using JOBB, you would have gotten in long after a 5 tick drop. Then it rose 35 ticks and pulled back instantly to seesaw around 1.0258. I would close out there on the 1432 candle when it could not eclipse the 1431 candle height.