8/31/2015 Building Approvals (2130 EDT)
Forecast: 2.9%
Actual: 4.2%
Previous Revision: +3.0% to -5.2%
INDECISIVE…SPIKE WITH 2ND PEAK
Started @ 0.7125
Head Fake to 0.7130 – 2130:05 (1 min)
5 ticks

1st Peak @ 0.7114 – 2130:44 (1 min)
11 ticks

2nd Peak @ 0.7106 – 2140 (10 min)
19 ticks

Reversal to 0.7121 – 2158 (28 min)
15 ticks

Notes: Report mildly exceeded the forecast along with a large upward previous revision. This was dual booked with a quarterly current account report that disappointed the market. Hence on the conflicting news, we got a head fake long spike of 5 ticks followed by the true short move of 11 ticks in 44 sec. With JOBB, your long order would have filled at 0.7129 with 1 tick of slippage then it would have backed off to hover about 4 ticks in the red. Move the stop up a few ticks and look to exit with a handful of ticks loss. It fell slowly to cross the R1 Mid Pivot. Then it stalled for a few min before falling another 8 ticks to cross the 100/200 SMAs and reach the PP Pivot. Then it reversed 15 ticks in 18 min to the R1 Mid Pivot. After that it fell again, but it was likely due to other factors.

6/30/2015 Building Approvals (2130 EDT)
Forecast: 1.2%
Actual: 2.4%
Previous Revision: -0.8% to -5.2%
SPIKE / REVERSE
Started @ 0.7683
1st Peak @ 0.7692 – 2130:18 (1 min)
9 ticks

Reversal to 0.7686 – 2133:14 (4 min)
6 ticks

Notes: Report moderately exceeded the forecast but was offset with a moderate downward previous revision that resulted in long spike of 9 ticks to the HOD. It did have a short corrective move prior to the report which may have been a tripwire to cancel the order but it would have been safe. With JOBB, your long order would have filled at 0.7686 with no slippage then allowed about 5 ticks to be captured after 18 sec. Then it reversed 6 ticks in 3 min to the 20 SMA. After that it traded sideways as it headed into the CNY final manufacturing report.

5/3/2015 Building Approvals (2130 EDT)
Forecast: -1.7%
Actual: 2.8%
Previous Revision: +1.6% to -1.6%
SPIKE/REVERSE
Started @ 0.7811
1st Peak @ 0.7820 – 2130:03 (1 min)
9 ticks

Reversal to 0.7811 – 2132 (2 min)
9 ticks

Notes: Report moderately exceeded the forecast along with a healthy upward previous revision to cause a 9 tick long spike in 3 sec that crossed the OOD and PP Pivot. With JOBB and a 3 tick bracket, your long order would have filled at 0.7815 with 1 tick of slippage, then backed off before pulling back later in the :31 bar. This would have allowed 1-3 ticks to be captured. After that it reversed 9 ticks to the origin in 1 min then traded sideways before the Chinese HSBC report at 2145.

3/2/2015 Building Approvals (1930 EST)
Forecast: -1.8%
Actual: 7.9%
Previous Revision: +0.5% to -2.8%
SPIKE / REVERSE
Started @ 0.7748
1st Peak @ 0.7763 – 1930:02 (1 min)
15 ticks

Reversal to 0.7750 – 1933 (3 min)
13 ticks

Double Top @ 0.7763 – 2002 (32 min)
13 ticks

Reversal to 0.7751 – 2030 (60 min)
12 ticks

Notes: Report strongly exceeded the forecast to cause a long spike of 15 ticks that started just below the S2 Mid Pivot and rose to cross the 200 SMA and S1 Mid Pivot and extend the HOD. It gained 15 ticks then retreated 12 ticks immediately due to crossing the 200 SMA, then rebounded to hover in between the 200 SMA and S1 Mid Pivot. With JOBB and a 3 tick bracket, your long order would have filled at about 0.7752 with 1 tick of slippage, then allowed about 8 ticks to be captured where it hovered. Then it reversed 13 ticks in the next 2 min to the 50 SMA. After that it climbed for a double top in 29 min before reversing 12 ticks in 28 min.

1/7/2015 Building Approvals (1930 EST)
Forecast: -2.7%
Actual: 7.5%
Previous Revision: +0.1% to 11.5%
SPIKE / REVERSE
Started @ 0.8048
1st Peak @ 0.8066 – 1931:18 (2 min)
18 ticks

Reversal to 0.8060 – 1933 (3 min)
6 ticks

2nd Peak @ 0.8068 – 1938 (8 min)
20 ticks

Reversal to 0.8051 – 2000 (30 min)
17 ticks

Double Top @ 0.8068 – 2007 (37 min)
17 ticks

Reversal to 0.8054 – 2033 (63 min)
14 ticks

Notes: Report strongly exceeded the forecast to cause a long spike of 18 ticks that started on the R1 Mid Pivot and rose to cross the R1 Pivot and extend the HOD. It gained 15 ticks in 7 sec, then struggled for the remaining 3 ticks in the next minute. With JOBB and a 3 tick bracket, your long order would have filled at about 0.8055 with 4 ticks of slippage, then allowed about 6 ticks to be captured on a conservative quick exit or about 10 ticks with a target placed just above the R1 Pivot. After a small 6 tick reversal, it climbed for a minor 2nd peak of 2 more ticks in 6 min. After treading water around the R1 Pivot, it reversed 17 ticks in 22 min as it crossed the 50 SMA. Then it climbed for a double top in 7 min followed by reversal of 14 ticks to the 100 SMA.