6A 03 12 (1 Min) 12.06.11
12/6/2011 Quarterly Advance GDP (1430 HI time / 1930 EDT)
Forecast: 1.0%
Actual: 1.0%
Previous Revision: +0.2% to 1.4%
SPIKE / RETRACE
Started @ 1.0130
1st Peak@ 1.0165 – 1431 (1 min)
35 ticks
Reversal to 1.0147 – 1457 (26 min)
18 ticks (4x bottom)
Notes: Report matched the forecast, with a previous upward revision. This caused a healthy spike, with no 2nd peak and a typical reversal on the end. If using JOBB, you would have gotten in long after a 5 tick drop. Then it rose 35 ticks and pulled back instantly to seesaw around 1.0258. I would close out there on the 1432 candle when it could not eclipse the 1431 candle height.
6A 03 12 (2 Range) 09.06.11
6A 03 12 (1 Min) 09.06.11
9/6/2011 Quarterly Advance GDP (1530 HI time / 2130 EDT)
Forecast: 1.0%
Actual: 1.2%
Previous Revision: +0.3% to -0.9%
SPIKE WITH 2ND PEAK
Started @ 1.0304
1st Peak@ 1.0345 – 1532 (2 min)
41 ticks
2nd Peak @ 1.0351 – 1541 (11 min)
47 ticks
Reversal to 1.0334 – 1556 (26 min)
17 ticks
Notes: Report was positive, with a decent previous upward revision. This caused a healthy spike, with a follow on peak and a minimal reversal on the tail end. If using JOBB, you would have gotten in long immediately , then the retracement would not hit your stop loss before it continued to rise again.
6A 03 12 (2 Range) 05.31.11
6A 03 12 (1 Min) 05.31.11
5/31/2011 Quarterly Advance GDP (1530 HI time / 2130 EDT)
Forecast: -1.0%
Actual: -1.2%
Previous Revision: +0.1% to 0.8%
SPIKE WITH 2ND PEAK
Started @ 1.0314
1st Peak@ 1.0354 – 1533 (3 min)
40 ticks
2nd Peak @ 1.0368 – 1542 (12 min)
54 ticks
Final Peak @ 1.0374 – 1602 (32 min)
60 ticks
Reversal to 1.0363 – 1621 (51 min)
11 ticks
Notes: Report was negative, with a small previous upward revision. This caused a healthy spike, with 2 follow on peaks and a minimal reversal on the tail end. If using JOBB, you would have gotten in long in the first 6 sec, then the retracement would not hit your stop loss before it continued to rise again.