May 042013

6A 03-13 (1 Min)  3_6_2013

3/6/2013 Monthly Retail Sales (1930 EST)
Forecast:  -0.51B
Actual:  -1.06B
Previous Revision: -0.26B to -0.69B
Started @ 1.0223
1st Peak @ 1.0212 – 1932 (2 min)
11 ticks

Reversal to 1.0239 – 2115 (45 min)
27 ticks

Notes:  Report disappointed and was aided by a small downward revision to the previous report.  This caused a 11 tick initial short spike with a quick pop on the :31 bar that crossed the 50/100 SMAs near the origin, then found support at the LOD, while extending it 2 ticks.  With JOBB your order would have filled short at about 1.0218 with 2 ticks of slippage, then you would have been able to get a handful of ticks if you were patient and exited near the LOD on the :31-:38 bars.  After the initial spike, it reversed slowly to the SMAs, then after several minutes continued up to extend the HOD by 11 ticks as the entire reversal took about 45 min