10/27/2015 Prelim GDP (0530 EDT)
Forecast: 0.6%
Actual: 0.5%
Previous Revision: n/a
TRAP TRADE (DULL – NO FILL)
Anchor Pt @ 1.5329 – shift 7 ticks lower to 1.5322
————
Trap Trade:
)))1st Peak @ 1.5304 – 0530:00 (1 min)
)))-18 ticks
)))Reversal to 1.5334 – 0530:15 (1 min)
)))30 ticks
)))Pullback to 1.5316 – 0530:58 (1 min)
)))-18 ticks
————
Reversal to 1.5348 – 0636 (66 min)
32 ticks
Trap Trade Bracket setup:
Long entries – 1.5287 (just below the S2 Pivot) / 1.5272 (No SMA / Pivot near)
Short entries – 1.5357 (in between the PP Pivot and HOD) / 1.5374 (just below the R1 Pivot)
Expected Fill: n/a
Best Initial Exit: n/a
Recommended Profit Target placement: n/a
Notes: Typical whipsaw, but too small by half for a fill on the inner tier.