4/6/2015 Monthly ISM Non-Manufacturing PMI (1000 EDT)
Forecast: 56.6
Actual: 56.5
Previous Revision: n/a
SPIKE / REVERSE
Started @ 0.008411
1st Peak @ 0.008404 – 1000:33 (1 min)
7 ticks
Reversal to 0.008415 – 1015 (15 min)
11 ticks
Pullback to 0.008408 – 1018 (18 min)
7 ticks
Reversal to 0.008414 – 1029 (29 min)
6 ticks
Notes: Report nearly matched the forecast but still caused a moderate and safe move. This caused a 7 tick short spike that started on the 100 SMA and fell to cross the 200 SMA. With JOBB and a 3 tick bracket, your short entry would have filled at 0.008408 with no slippage, then you would have seen it trickle lower to hover for 11 sec at the bottom of the spike to allow 4 ticks to be captured. After that it reversed 11 ticks in the next 14. Then it pulled back 7 ticks in 3 min before reversing 6 ticks in 11 min.