3/14/2016 RBA Monetary Policy Meeting Minutes (2030 EDT)
Forecast: n/a
Actual: n/a
TRAP TRADE – DULL NO FILL
Started @ 0.7486
—————-
Trap Trade:
)))1st Bar Span 0.7484 to 0.7485 – 2031 (1 min)
)))1 tick span
—————-

Trap Trade Bracket setup:
Long entries – 0.7479 (just below the OOD) / 0.7470 -just above the S1 Mid Pivot)
Short entries – 0.7493 (just above the HOD) / 0.7501 (just above the R1 Mid Pivot)

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

Notes: No reaction for a 2nd month in a row so cancel the trade. This did make a slow delayed reaction to climb to the R1 Mid Pivot on the :32 bar then hovered making a possible short entry opportunity as a reversal is likely. It then fell 25 ticks in 10 min and another 18 ticks in 25 more min.

2/17/2014 RBA Monetary Policy Meeting Minutes (1930 EST)
Forecast: n/a
Actual: n/a
TRAP TRADE
Started @ 0.9017 (last price and on the R1 Pivot)
—————-
Trap Trade:
)))1st peak @ 0.8998 – 1930:14 (1 min)
)))-19 ticks

)))Reversal to 0.9010 – 1930:18 (1 min)
)))12 ticks

)))Double Bottom @ 0.8998 – 1930:41 (1 min)
)))-12 ticks

)))Reversal to 0.9020 – 1931:35 (2 min)
)))22 ticks
—————-
Continued Reversal to 0.9055 – 1932:27 (3 min)
57 ticks

Pullback to 0.9032 – 1936 (6 min)
23 ticks

Reversal to 0.9063 – 1950 (20 min)
31 ticks

Pullback to 0.9046 – 2000 (30 min)
17 ticks

Reversal to 0.9065 – 2004 (34 min)
19 ticks

Trap Trade Bracket setup:
Long entries – 0.9007 (just below the S1 Mid Pivot) / 0.8999 (just below the S2 Mid Pivot)
Short entries – 0.9027 (in between the HOD and R2 Pivot) / 0.9034 (just below the R3 Mid Pivot)

Notes: Minutes caused a short reaction that fell about 20 ticks 14 sec into the :31 bar, then reversed back 12 in a head fake, fell to match the low, then reversed as expected for 22 ticks quickly and eventually 57 ticks. Due to the Cash Rate from 2 weeks ago causing a sizeable bullish reaction, we advised holding onto a long entry for a while to expect it to carry into a large move. Both of your long entries would have filled, with only a tick or 2 excess. Then it would have reversed allowing around 40 or so ticks to be captured easily on the :33 bar. above the R3 Pivot. After that it kept stepping higher, then retreating 2 more times to eventually reach 0.9065 above the R4 Pivot.

4/14/2014 RBA Monetary Policy Meeting Minutes (2130 EDT)
Forecast: n/a
Actual: n/a
TRAP TRADE
Started @ 0.9358 (last price)
—————-
Trap Trade:
)))1st peak @ 0.9367 – 2130:11 (1 min)
)))9 ticks

)))Reversal to 0.9357 – 2130:24 (1 min)
)))-10 ticks

)))2nd Peak @ 0.9369 – 2131:14 (2 min)
)))12 ticks
—————-
Reversal to 0.9348 – 2136 (6 min)
21 ticks

Pullback to 0.9363 – 2157 (27 min)
15 ticks

Trap Trade Bracket setup:
Long entries – 0.9351 (just below the S2 Pivot) / 0.9342 (on the S3 Mid Pivot)
Short entries – 0.9368 (on the S1 Pivot) / 0.9374 (just above the PP Pivot)

Notes: Minutes caused a long reaction that climbed 9 ticks 11 sec into the :31 bar then reversed 10 ticks back to the origin. Then it rebounded to achieve a 2nd peak 2 ticks higher, crossing the S1 Mid Pivot. This would have filled your inner tier short entry with 1 tick to spare. Since the Cash Rate from 2 weeks ago causing a long reaction that fell and reversed after 3 min, look for a similar reaction with patience. It took until the :35 bar to see the real reversal, but it came for 21 ticks to fall through the S2 Pivot allowing your inner long entry to act as the profit target for 17 ticks. After the reversal, it pulled back for 15 ticks in the next 21 min back to the S1 Pivot.

6/16/2014 RBA Monetary Policy Meeting Minutes (2130 EDT)
Forecast: n/a
Actual: n/a
TRAP TRADE
Started @ 0.9331 (last price)
—————-
Trap Trade:
)))1st peak @ 0.9323 – 2130:36 (1 min)
)))-8 ticks

)))Reversal to 0.9328 – 2131:03 (2 min)
)))5 ticks
—————-
2nd Peak @ 0.9308 – 2143 (13 min)
23 ticks

Reversal to 0.9316 – 2147 (17 min)
8 ticks

Final Peak @ 0.9302 – 2205 (35 min)
29 ticks

Reversal to 0.9310 – 2223 (53 min)
8 ticks

Trap Trade Bracket setup:
Long entries – 0.9324 (just below the S1 Mid Pivot) / 0.9316 (just below the S1 Pivot)
Short entries – 0.9340 (just below the OOD/HOD) / 0.9346 (no SMA / Pivot near)

Notes: Minutes caused a small short reaction that fell 8 ticks to cross the LOD / S1 Mid Pivot, then back off for 5 ticks later in the bar. Depending on the placement of the order, this would have filled your inner tier long entry at 0.9323 or higher. Look to exit with about 3-4 ticks when it hovered as the :31 bar transitioned to the :32 bar or if waiting for a higher move, move the stop up to near breakeven for protection. It stepped lower to a 2nd peak of 15 more ticks to the S2 Mid Pivot, then a final peak of another 6 ticks. Each time it reversed for 8 ticks after the new low was achieved.

8/18/2014 RBA Monetary Policy Meeting Minutes (2130 EDT)
Forecast: n/a
Actual: n/a
TRAP TRADE
Started @ 0.9309 (last price)
—————-
Trap Trade:
)))1st peak @ 0.9302 – 2130:18 (1 min)
)))-7 ticks

)))Reversal to 0.9318 – 2132:44 (3 min)
)))16 ticks
—————-
Continued Reversal to 0.9324 – 2224 (54 min)
22 ticks

Trap Trade Bracket setup:
Long entries – 0.9301 (just below the S1 Mid Pivot) / 0.9293 (just above the S2 Mid Pivot)
Short entries – 0.9318 (just above the R1 Pivot) / 0.9324 (just above the R2 Mid Pivot)

Notes: Minutes caused a short reaction that fell 7 ticks initially after 18 sec to reach the S1 Mid Pivot, then reverse after several seconds for 16 ticks in the next 2.5 min. Depending on the placement of the order, the short spike would have just missed your order by 1 tick. Since it hovered for about 7 sec on the S1 Mid Pivot and the LOD it only 3 ticks lower, it would be a safe play to move your long entry up to .9303 manually. This is also safe due to the RBA statement producing a long reaction 2 weeks ago. Then it reversed to reach the R1 Pivot allowing after a brief struggle near the origin with all 3 Major SMAs and the OOD. Then it stepped higher for another 6 ticks in the next 51 min to reach the R2 Mid Pivot.