6B 06-16 (1 Min) 3.24.2016

 GBP Retail Sales  Comments Off on 6B 06-16 (1 Min) 3.24.2016
Apr 102016
 

6B 06-16 (1 Min) 3_24_2016

3/24/2016 GBP Retail Sales (0530 EDT)
Forecast: -0.7%
Actual: -0.4%
Previous Revision: n/a
TRAP TRADE – DULL NO FILL
Anchor Point @ 1.4089
————
Trap Trade:
)))1st Peak @ 1.4079 – 0530:05 (1 min)
)))-10 ticks

)))Reversal to 1.4089 – 0531:00 (2 min)
)))10 ticks
————
2nd Peak @ 1.4066 – 0537 (7 min)
23 ticks

Reversal to 1.4089 – 0548 (18 min)
23 ticks

Continued Reversal to 1.4144 – 0647 (77 min)781 ticks

Trap Trade Bracket setup:25/40
Long entries – 1.4062 (just above the LOD) / 1.4047 (just below the S2 Mid Pivot)
Short entries – 1.4114 (No SMA / Pivot near) / 1.4131 (just below the PP Pivot)

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

Notes: Cancel the order as it only strayed 10 ticks from the origin for the first min. Then it slowly drifted short for 13 more ticks before a long slow reversal.

6B 03-16 (1 Min) 2.19.2016

 GBP Retail Sales  Comments Off on 6B 03-16 (1 Min) 2.19.2016
Mar 082016
 

6B 03-16 (1 Min) 2_19_2016

2/19/2016 GBP Retail Sales (0430 EST)
Forecast: 0.8
Actual: 2.3
Previous Revision: -0.4% to -1.4%
TRAP TRADE – DULL NO FILL
Anchor Point @ 1.4328
————
Trap Trade:
)))1st Peak @ 1.4346 – 0430:00 (1 min)
)))18 ticks

)))Reversal to 1.4314 – 0430:07 (1 min)
)))-32 ticks

)))Pullback to 1.4335 – 0431:10 (2 min)
)))21 ticks
————
Reversal to 1.4297 – 0436 (6 min)
38 ticks

Pullback to 1.4309 – 0437 (7 min)
12 ticks

Reversal to 1.4268 – 0442 (12 min)
41 ticks

Pullback to 1.4318 – 0513 (43 min)
50 ticks

Trap Trade Bracket setup:
Long entries – 1.4299 (just above theLOD) / 1.4289 (just below the S1 Pivot)
Short entries – 1.4352 (just above the R1 Mid Pivot) / 1.4366 (just above the R1 Pivot)

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

Notes: Cancel the order as the quick move would have missed the inner short tier by about 6 ticks and ran away quickly. After the strong reversal, it continued to step lower for the next 11 min before pulling back to the area of the market before the report.

6B 03-16 (1 Min) 1.22.2016

 GBP Retail Sales  Comments Off on 6B 03-16 (1 Min) 1.22.2016
Jan 252016
 

6B 03-16 (1 Min) 1_22_2016

1/22/2016 GBP Retail Sales (0430 EST)
Forecast: -0.1
Actual: -1.0
TRAP TRADE – INNER TIER
Anchor Point @ 1.4272 – shift 3 ticks higher to 1.4275
————
Trap Trade:
)))1st Peak @ 1.4250 – 0430:20 (1 min)
)))-25 ticks

)))Reversal to 1.4274 – 0431:13 (2 min)
)))24 ticks

)))Pullback to 1.4267 – 0431:34 (2 min)
)))-7 ticks
————
Reversal to 1.4306 – 0436 (6 min)
39 ticks

Pullback to 1.4272 – 0447 (17 min)
34 ticks

Trap Trade Bracket setup:
Long entries – 1.4251 (just below the 100 SMA) / 1.4238 (just below the 200 SMA)
Short entries – 1.4300 (just above the R2 Mid Pivot) / 1.4315 (No SMA / Pivot near)

Expected Fill: 1.4251 – inner long tier
Best Initial Exit: 1.4273 – 22 ticks
Recommended Profit Target placement: 1.4272 (on the R1 Pivot)

Notes: Slower reaction than normal as it took 20 sec to bottom and another 50 sec to reverse, but the setup would have worked nicely as it recoiled from the 100 SMA and climbed a total of 56 ticks in 5 min.