6A 03 12 (1 Min) 12.07.11
12/7/2011 Monthly Unemployment Report (1430 HI time / 1930 EST)
Non Farm Jobs Forecast: 10.3K
Non Farm Jobs Actual:-6.3K
Previous Revision:+6.7K to 16.8K
Rate Forecast: 5.2%
Rate Actual:5.3%
SPIKE / RETRACE
Started @ 1.0172
1st Peak @ 1.0121 – 1431 (1 min)
51 ticks
Reversal to 1.0149 – 1502 (32 min)
28 ticks
Notes: Strongly negative report that fell short of the forecast with a good size positive revision to the previous report causing a large spike downward. The market shot down and seesawed / ratcheted down for 5 sec, then sideways for another 15 sec, and then hovered at about 1.013 for 10 sec. Close out there about 10 ticks off the bottom. After the 1431 candle, the market trickled down to almost hit the low point, then reversed 28 ticks in the next 20 min.
6A 03 12 (2 Range) 11.09.11
6A 03 12 (1 Min) 11.09.11
11/9/2011 Monthly Unemployment Report (1430 HI time / 1930 EST)
Non Farm Jobs Forecast: 10.1K
Non Farm Jobs Actual: 10.1K
Previous Revision:+2.1K to 22.5K
Rate Forecast: 5.3%
Rate Actual:5.2%
INDECISIVE
Started @ 0.9976
1st Peak @ 1.0000 / Retrace to 0.9960 – 1431 (1 min)
24 ticks / -16 ticks
Notes: Report exactly matched the forecast with a small negative revision to the previous report and drop in the rate causing indecision and volatility that was biased more upward due to the small bit of good news. The 1431 candle went up about 20 ticks then seesawed and fell 33 ticks in the first second. This would have hit your stop loss with JOBB. Also lower than normal trade volume due to job #s matching forecast.
6A 03 12 (2 Range) 10.12.11
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.
6A 03 12 (2 Range) 09.07.11
6A 03 12 (1 Min) 09.07.11
9/7/2011 Monthly Unemployment Report (1530 HI time / 2130 EDT)
Non Farm Jobs Forecast: 10.7K
Non Farm Jobs Actual:-9.7K
Previous Revision:-4K to -4.1K
Rate Forecast: 5.1%
Rate Actual:5.3%
SPIKE / RETRACE
Started @ 1.0410
1st Peak @ 1.0351 – 1531 (1 min)
59 ticks
Reversal to 1.0377 – 1536 (6 min)
26 ticks
Notes: Strongly negative report that fell short of the forecast with a negative revision to the previous report causing a large spike downward. The market shot down 25 ticks in the first second, then retraced 30, repeated the seesaw, and after 2 sec, fell another 30 ticks and then hovered at the low point of 59 ticks for 14 sec. Close out there as it retraced up 20 ticks after that. Due to such a negative report, the reversal was not even half the magnitude of the spike, and it eventually settled down near the bottom of the spike.