GBP Services PMI | JO Bracket Breakout

6B 06-14 (1 Min) 6.4.2014

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Jun 082014

6/4/2014 GBP Services PMI (0430 EDT)
Forecast: 58.3
Actual: 58.6
TRAP TRADE (SPIKE WITH 2ND PEAK)
Anchor Point @ 1.6705 (last price)
————
Trap Trade:
)))1st Peak @ 1.6731 – 0430:04 (1 min)
)))26 ticks

)))Reversal to 1.6720 – 0430:16 (1 min)
)))-11 ticks
————
Pullback to 1.6727 – 0432 (2 min)
7 ticks

Reversal to 1.6717 – 0437 (7 min)
10 ticks

2nd Peak @ 1.6742 – 0450 (20 min)
37 ticks

Reversal to 1.6724 – 0504 (34 min)
18 ticks

Trap Trade Bracket setup:
Long entries – 1.6682 (just above the S3 Pivot) / 1.6667 (just above the S4 Mid Pivot)
Short entries – 1.6728 (on the S1 Pivot) / 1.6740 (in between the PP / S1 Mid Pivots)

Notes: Report came in narrowly exceeding the expectation with an offset of 0.3 causing a relatively large initial long spike that crossed all 3 major SMAs and the S1 Pivot. This would have filled your inner short entry, then allowed an exit for about 7 ticks as it hovered near the S2 Mid Pivot late in the bar. There would have been a later opportunity to exit for about 3 more ticks after 5 min. Then it climbed for a 2nd peak of 11 more ticks as it crossed the S1 Mid Pivot. After that it reversed 18 ticks in the next 14 min as it crossed the S1 Pivot.

6B 09-14 (1 Min) 7.3.2014

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Jul 142014

7/3/2014 GBP Services PMI (0430 EDT)
Forecast: 58.1
Actual: 57.7
TRAP TRADE – DULL NO FILL
Anchor Point @ 1.7146 (last price)
————
Trap Trade:
)))1st Peak @ 1.7131 – 0430:06 (1 min)
)))-15 ticks

)))Reversal to 1.7138 – 0430:11 (1 min)
)))7 ticks
————
2nd Peak @ 1.7124 – 0432 (2 min)
22 ticks

Reversal to 1.7138 – 0437 (7 min)
14 ticks

Trap Trade Bracket setup:
Long entries – 1.7124 (just below the S2 Mid Pivot) / 1.7113 (just below the S2 Pivot)
Short entries – 1.7168 (just above the R1 Pivot) / 1.7183 (just above the R2 Pivot)

Notes: Report came in narrowly falling short of the expectation with an offset of 0.4 causing a small short spike that started on the 50 SMA and fell to cross the LOD and S1 Pivot for 15 ticks. This would have fallen well short of the inner long entry, so cancel the order. After a small reversal, it fell for another 7 ticks on the 2nd peak on the :32 bar. Then it reversed 14 ticks in the next 5 min back to the 13 SMA.

6B 09-14 (1 Min) 8.5.2014

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Aug 242014

8/5/2014 GBP Services PMI (0430 EDT)
Forecast: 58.1
Actual: 59.1
TRAP TRADE (SPIKE WITH 2ND PEAK)
Anchor Point @ 1.6848 (last price)
————
Trap Trade:
)))1st Peak @ 1.6877 – 0430:02 (1 min)
)))29 ticks

)))Reversal to 1.6867 – 0430:20 (1 min)
)))-10 ticks
————
2nd Peak @ 1.6883 – 0435 (5 min)
35 ticks

Reversal to 1.6862 – 0548 (78 min)
21 ticks

Trap Trade Bracket setup:
Long entries – 1.6827 (just above the S2 Mid Pivot) / 1.6816 (just below the S2 Pivot)
Short entries – 1.6868 (just above the HOD) / 1.6886 (just below the R3 Pivot)

Notes: Report exceeded the expectation with an offset of 1.0 causing a long spike that started on the R1 Mid Pivot and rose to cross the HOD and R3 Mid Pivot for 29 ticks. This would have filled your inner short entry at 1.6868 then shown about 9 ticks of heat. Then it backed off to hover at breakeven for about 15 sec. Look to exit there as the results are decisive and the reversal is not likely to fall much further. After that it achieved a 2nd peak of 6 more ticks in 5 min. Then it fell for 21 ticks in 73 min to reach the R2 Pivot and 100 SMA.

6B 09-14 (1 Min) 9.3.2014

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Sep 182014

9/3/2014 GBP Services PMI (0430 EDT)
Forecast: 58.6
Actual: 60.5
TRAP TRADE – DULL NO FILL
Anchor Point @ 1.6479 (last price)
————
Trap Trade:
)))1st Peak @ 1.6493 – 0430:00 (1 min)
)))14 ticks

)))Reversal to 1.6474 – 0430:15 (1 min)
)))-19 ticks

)))Pullback to 1.6485 – 0430:50 (1 min)
)))11 ticks

)))Reversal to 1.6477 – 0431:32 (2 min)
)))-8 ticks
————
Pullback to 1.6490 – 0443 (13 min)
13 ticks

Reversal to 1.6472 – 0455 (25 min)
21 ticks

Trap Trade Bracket setup:
Long entries – 1.6459 (No SMA/Pivot near) / 1.6442 (just below the S2 Mid Pivot/LOD)
Short entries – 1.6827 (just above the S2 Mid Pivot) / 1.6512 (just above the R1 Pivot)

Notes: Report exceeded the expectation with an offset of 1.9 pts causing a long spike that started just above the 13 SMA and rose to cross the PP Pivot and extend the HOD for 14 ticks. This would have fallen short of the inner tier short entry, so cancel the order. After peaking, it reversed quickly for 19 ticks in 15 sec to the 100 SMA, then pulled back 11 ticks, and finally reversed 8 ticks midway through the :32 bar to end the opening volatile period. Then it pulled back 13 ticks to the PP Pivot in 11 min before reversing 18 ticks to the S1 Mid Pivot in 12 min.

6B 12-14 (1 Min) 10.3.2014

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Oct 192014

10/3/2014 GBP Services PMI (0430 EDT)
Forecast: 59.1
Actual: 58.7
TRAP TRADE – DULL NO FILL
Anchor Point @ 1.6083 (last price)
————
Trap Trade:
)))1st Peak @ 1.6075 – 0430:02 (1 min)
)))-8 ticks

)))Reversal to 1.6094 – 0430:17 (1 min)
)))19 ticks

)))Pullback to 1.6078 – 0431:04 (2 min)
)))-16 ticks

)))Reversal to 1.6088 – 0431:23 (2 min)
)))10 ticks
————
2nd Peak @ 1.6069 – 0439 (9 min)
14 ticks

Reversal to 1.6081 – 0447 (17 min)
12 ticks

Trap Trade Bracket setup:
Long entries – 1.6063 (No SMA/Pivot near) / 1.6048 (No SMA/Pivot near)
Short entries – 1.6104 (just above the S1 Pivot) / 1.6120 (just above the S1 Mid Pivot)

Notes: Report fell short of the expectation with an offset of 0.4 pts causing a whipsaw that started on the 13 SMA and fell to the LOD, then reversed to cross the S2 Mid Pivot and 50 SMA. It fell again to the LOD, then reversed again in the early :32 bar. This would have fallen short of the inner tier short entry and not allowed an opportunity for manual intervention, so cancel the order. After 2 bars, it fell for a 2nd peak of 6 more ticks to the S2 Pivot after 7 min. Then it reversed 12 ticks in the next 8 min to the 50 SMA.

6B 12-14 (1 Min) 11.5.2014

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Nov 232014

11/5/2014 GBP Services PMI (0430 EST)
Forecast: 58.5
Actual: 56.2
TRAP TRADE – INNER TIER (SPIKE WITH 2ND PEAK)
Anchor Point @ 1.5925 (last price)
————
Trap Trade:
)))1st Peak @ 1.5902 – 0430:01 (1 min)
)))-23 ticks

)))Reversal to 1.5913 – 0430:08 (1 min)
)))11 ticks

)))Pullback to 1.5898 – 0430:31 (1 min)
)))-16 ticks

)))Reversal to 1.5906 – 0430:52 (1 min)
)))8 ticks
————
2nd Peak @ 1.5884 – 0436 (6 min)
41 ticks

Final Peak @ 1.5862 – 0521 (51 min)
63 ticks

Trap Trade Bracket setup:
Long entries – 1.5905 (just below the S4 Mid Pivot) / 1.5888 (just below the S4 Pivot)
Short entries – 1.5945 (just above the S3 Mid Pivot/100 SMA) / 1.5960 (just above the S2 Pivot)

Notes: Report fell short of the expectation with an offset of 2.3 pts causing a 23 tick short move initially that started on the S3 Pivot and fell to the S4 Mid Pivot, then backed off. This would have filled your inner long entry then allowed about 5-7 ticks to be captured where it hovered after a few sec. Given the strongly bearish results, do not look for a large reversal and exit quickly. After the quick reversal, it pulled back 16 ticks then reversed 8 ticks. Then it fell for a 2nd peak of 18 more ticks in the next 5 min to the S4 Pivot and a final peak of another 22 ticks in the next 45 min.

6B 12-14 (1 Min) 12.3.2014

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Dec 312014

6B 12-14 (Second) 12_3_2014

12/3/2014 GBP Services PMI (0430 EST)
Forecast: 56.6
Actual: 58.6
TRAP TRADE – INNER TIER
Anchor Point @ 1.5648 (last price)
————
Trap Trade:
)))1st Peak @ 1.5672 – 0430:02 (1 min)
)))24 ticks

)))Reversal to 1.5642 – 0430:32 (1 min)
)))-30 ticks

)))Pullback to 1.5654 – 0430:36 (1 min)
)))12 ticks

)))Reversal to 1.5647 – 0430:54 (1 min)
)))-7 ticks
————
Pullback to 1.5658 – 0436 (6 min)
11 ticks

Reversal to 1.5640 – 0451 (21 min)
18 ticks

Trap Trade Bracket setup:
Long entries – 1.5628 (in between the S1 Mid / S1 Pivots) / 1.5615 (just below the LOD)
Short entries – 1.5670 (just below the R2 Mid Pivot) / 1.56084 (just above the R2 Pivot)

Notes: Report exceeded the expectation with an offset of 2.0 pts causing a 24 tick long move initially that started above the 13 SMA and rose to cross the R2 Mid Pivot, then backed off. This would have filled your inner short entry then fallen nicely in the next 30 sec to nearly reach the 50 SMA, allowing at least 20 ticks and up to 25 ticks to be captured. After the :31 bar, it pulled back for 11 ticks in 6 min to nearly reach the R1 Pivot before reversing 18 ticks in 15 min to nearly reach the 200 SMA.

6B 03-15 (1 Min) 1.6.2015

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Jan 142015

6B 03-15 (Second) 1_6_2015

1/6/2015 GBP Services PMI (0430 EST)
Forecast: 58.9
Actual: 55.8
TRAP TRADE – INNER TIER (SPIKE WITH 2ND PEAK)
Anchor Point @ 1.5211 (last price)
————
Trap Trade:
)))1st Peak @ 1.5188 – 0430:02 (1 min)
)))-23 ticks

)))Reversal to 1.5202 – 0430:59 (1 min)
)))14 ticks
————
2nd Peak to 1.5180 – 0438 (8 min)
31 ticks

Reversal to 1.5199 – 0500 (30 min)
19 ticks

Final Peak to 1.5168 – 0524 (54 min)
43 ticks

Reversal to 1.5188 – 0540 (70 min)
20 ticks

Trap Trade Bracket setup:
Long entries – 1.5191 (just below the S2 Mid Pivot) / 1.5174 (on the S2 Pivot)
Short entries – 1.5232 (just above the PP Pivot) / 1.5248 (just below the R1 Mid Pivot)

Notes: Report fell short of the expectation with an offset of 3.1 pts causing a 22 tick short move initially that started on the S1 Pivot and fell to cross the S2 Mid Pivot and extend the LOD, then retreat. This would have filled your inner long entry then bounced nicely in the next minute to recover about 2/3 of the drop, allowing about 10 ticks to be captured. After the :31 bar, it fell for a 2nd peak of 8 more ticks in 7 min before reversing 19 ticks in 22 min to cross the S2 Mid Pivot and reach the 50 SMA. Then it fell for a final peak of 12 more ticks in 24 min as it crossed the S2 Pivot before reversing 20 ticks in 16 min to the 50 SMA.

6B 03-15 (1 Min) 2.4.2015

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Mar 012015

2/4/2015 GBP Services PMI (0430 EST)
Forecast: 56.6
Actual: 57.2
TRAP TRADE – DULL NO FILL (SPIKE WITH 2ND PEAK)
Anchor Point @ 1.5161 (last price)
————
Trap Trade:
)))1st Peak @ 1.5169 – 0430:00 (1 min)
)))8 ticks

)))Reversal to 1.5157 – 0430:05 (1 min)
)))-12 ticks
————
2nd Peak to 1.5182 – 0438 (8 min)
21 ticks

Reversal to 1.5166 – 0442 (12 min)
16 ticks

Final Peak to 1.5208 – 0531 (61 min)
47 ticks

Reversal to 1.5171 – 0613 (103 min)
37 ticks

Trap Trade Bracket setup:
Long entries – 1.5142 (just below the PP Pivot) / 1.5126 (in between the LOD / S1 Mid Pivot)
Short entries – 1.5180 (just above the R1 Mid Pivot) / 1.5193 (just above the HOD)

Notes: Report exceeded the expectation with an offset of only 0.6 pts causing a meager 8 tick long move initially that started just above the 13 / 20 SMAs and rose to cross the HOD position from 30 min earlier then reverse 12 ticks. This would have been well short of the inner short entry and not allowed a manual entry, so cancel the order. After the initial volatility, it climbed for a 2nd peak of 13 more ticks in 7 min to the R1 Mid Pivot before reversing 16 ticks to the 100/200 SMAs. Then it climbed for a final peak of 26 more ticks in the next 49 min to nearly reach the R1 Pivot and extend the HOD. After that it reversed 37 ticks in 42 min to the 200 SMA.

6B 03-15 (1 Min) 3.4.2015

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Mar 222015

3/4/2015 GBP Services PMI (0430 EST)
Forecast: 57.6
Actual: 56.7
TRAP TRADE – DULL NO FILL (SPIKE WITH 2ND PEAK)
Anchor Point @ 1.5354 (last price)
————
Trap Trade:
)))1st Peak @ 1.5342 – 0430:01 (1 min)
)))-12 ticks

)))Reversal to 1.5352 – 0430:52 (1 min)
)))10 ticks
————
2nd Peak to 1.5335 – 0436 (6 min)
19 ticks

Reversal to 1.5345 – 0443 (13 min)
10 ticks

Final Peak to 1.5324 – 0502 (32 min)
30 ticks

Reversal to 1.5342 – 0529 (59 min)
18 ticks

Trap Trade Bracket setup:
Long entries – 1.5334 (No SMA / Pivot near) / 1.5318 (just above the S2 Pivot)
Short entries – 1.5373 (just above the HOD) / 1.5390 (just above the R1 Pivot)

Notes: Report fell short of the expectation with an offset of only 0.9 pts causing a meager 12 tick short move that started on the 200 SMA / S1 Mid Pivot and fell to nearly reach the S1 Pivot then retreat 10 ticks in 52 sec. This would have been well short of the inner short entry and not allowed a manual entry, so cancel the order. After the initial volatility, it fell for a 2nd peak of 7 more ticks in 5 min to cross the S1 Pivot and extend the LOD before reversing 10 ticks to the 13 SMA in 7 min. Then it fell for a final peak of 11 more ticks in the next 19 min as it crossed the S2 Mid Pivot and extended the LOD. After that it reversed 18 ticks in 27 min to the S1 Pivot.

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