6A 06 12 (1 Min) 06.07.12

6/7/2012 Monthly Trade Balance (1530 HI time / 2130 EST)
Forecast: -0.92B
Actual: -0.20B
Previous Revision: +0.31B to -1.28B
INDECISIVE
Started @ 0.9860
1st Peak @ 0.9849 / Reverse to 0.9867 – 1531 (1 min)
-11 ticks / 7 ticks

2nd Peak @ 0.9843 – 1541 (11 min)
17 ticks

Reversal to 0.9863 – 1551 (21 min)
20 ticks

Notes: Report came in better than the forecast, but still a deficit, with a positive revision to the previous report. This caused indecision resulting in a short move of 11 ticks then a quick reversal for 7 ticks. After the double wicker 31 bar, it shorted for 17 ticks then reversed for 20 ticks. With JOBB you would have filled short, then stopped out a few seconds later on the reversal on the 31 bar.