8/10/2015 NAB Business Confidence (2130 EDT)
Forecast: n/a
Actual: 4
Previous Revision: -2 to 8
SPIKE / REVERSE
Started @ 0.7358
1st Peak @ 0.7349 – 2130:15 (1 min)
9 ticks

Reversal to 0.7357 – 2130:48 (1 min)
8 ticks

Double Bottom @ 0.7348 – 2132 (2 min)
9 ticks

Reversal to 0.7372 – 2135 (5 min)
24 ticks

Triple Bottom @ 0.7348 – 2139 (9 min)
24 ticks

Notes: Report came in 6 pts lower than last month with a reading of 4 along with an large downward previous revision. This occurred just after a large short move in the market of 69 ticks in 10 min and a subsequent pullback. Then the report caused a 9 tick short spike in 15 sec that started just above the S1 Pivot and fell to the LOD. With JOBB, your short entry would have filled at 0.7354 with no slippage, then allowed an exit with about 3-4 ticks of profit where it hovered at the peak just above the LOD. After that it reversed 8 ticks before falling for a double bottom 1 min later. Then it reversed 24 ticks in 3 min to the 20 SMA / S1 Mid Pivot before falling for a triple bottom 4 min later. Then it stepped lower in the next hour due to the continued sentiment from the original short move.

10/12/2015 NAB Business Confidence (2030 EDT)
Forecast: n/a
Actual: 5
Previous Revision: n/a
DULL NO FILL…SPIKE / REVERSE
Started @ 0.7313
1st Peak @ 0.7319 – 2030:51 (1 min)
6 ticks

Reversal to 0.7299 – 2105 (35 min)
20 ticks

Expected Fill: n/a – cancel
Slippage: n/a
Best Initial Exit: n/a
Recommended Profit Target placement: n/a

Notes: Price did not move more than 1 tick until 49 sec after the release, so cancel.

12/7/2015 NAB Business Confidence (1930 EST)
Forecast: n/a
Actual: 5
Previous Revision: +1 to 3
DULL NO FILL
Started @ 0.7262
1st Peak @ 0.7265 – 1930:48 (1 min)
3 ticks

Expected Fill: n/a – cancel
Slippage: n/a
Best Initial Exit: n/a
Recommended Profit Target placement: n/a

Notes: Cancel after 10 sec with no impulse above 4 ticks.