5/6/2015 GBP Services PMI (0430 EDT)
Forecast: 58.6
Actual: 59.5
TRAP TRADE – INNER TIER
Anchor Point @ 1.5158 (shift up about 7 ticks to 1.5165)
————
Trap Trade:
)))1st Peak @ 1.5191 – 0430:02 (1 min)
)))26 ticks

)))Reversal to 1.5173 – 0430:25 (1 min)
)))-18 ticks

)))Pullback to 1.5185 – 0430:43 (1 min)
)))12 ticks
————
Reversal to 1.5166 – 0434 (4 min)
19 ticks

2nd Peak 1.5199 – 0438 (8 min)
34 ticks

Reversal to 1.5167 – 0503 (33 min)
32 ticks

Trap Trade Bracket setup:
Long entries – 1.5145 (just above the S1 Mid Pivot) / 1.5130 (No SMA / Pivot near)
Short entries – 1.5188 (just below the R1 Mid Pivot) / 1.5202 (just below the 200 SMA)

Notes: Report exceeded the expectation with an offset of 0.9 pts causing a 26 tick long move after an upward shift on the anchor point due to price action. It started near the PP Pivot and climbed to cross the 50 SMA / OOD and reach the R1 Mid Pivot in 2 sec. This would have filled your inner short entry with about 3 ticks to spare, then hovered for a few sec before falling 18 ticks in 20 sec to the 50 SMA. There would have been 2 opportunities to exit with about 10-12 ticks. After the first bar, it reversed for 19 ticks in 3 min to the 13 SMA before climbing for a 2nd peak of 8 more ticks in 4 min to nearly reach the 200 SMA. Then it reversed 32 ticks in 25 min to the 50 SMA / OOD.

7/3/2015 GBP Services PMI (0430 EDT)
Forecast: 57.4
Actual: 58.5
TRAP TRADE – INNER TIER
Anchor Point @ 1.5614
————
Trap Trade:
)))1st Peak @ 1.5638 – 0430:05 (1 min)
)))24 ticks

)))Reversal to 1.5616 – 0430:15 (1 min)
)))-22 ticks

)))Pullback to 1.5626 – 0430:41 (1 min)
)))10 ticks

)))Reversal to 1.5614 – 0431:19 (2 min)
)))-12 ticks
————
Pullback to 1.5626 – 0442 (12 min)
12 ticks

Trap Trade Bracket setup:
Long entries – 1.5592 (just below the PP Pivot / LOD) / 1.5577 (just above the S1 Mid Pivot)
Short entries – 1.5633 (just above the R1 Pivot) / 1.5651 (just above the R2 Pivot)

Notes: Report exceeded the expectation with an offset of 1.1 pts causing a 24 tick long move. It started just below the HOD and climbed to cross the R1 Pivot in 5 sec before reversing. This would have filled your inner short entry with about 5 ticks to spare, then fallen quickly to the old HOD position. Then it pulled back 10 ticks before reversing 12 ticks to the 13 SMA. This would have allowed up to 18 ticks to be captured. After that it pulled back 12 ticks in 10 min and slowly trended higher using the 100 /50 SMAs as support.

9/3/2015 GBP Services PMI (0430 EDT)
Forecast: 57.6
Actual: 55.6
TRAP TRADE – INNER TIER
Anchor Point @ 1.5261
————
Trap Trade:
)))1st Peak @ 1.5232 – 0430:00 (1 min)
)))29 ticks

)))Reversal to 1.5259 – 0430:11 (1 min)
)))27 ticks

)))Pullback to 1.5242 – 0430:18 (1 min)
)))-17 ticks

)))Reversal to 1.5254 – 0430:43 (1 min)
)))-12 ticks
————
Pullback to 1.5245 – 0432 (2 min)
9 ticks

Reversal to 1.5261 – 0436 (6 min)
16 ticks

Trap Trade Bracket setup:
Long entries – 1.5239 (just below the S2 Pivot) / 1.5226 (No SMA / Pivot near)
Short entries – 1.5280 (just above the 200 SMA) / 1.5297 (just below the PP Pivot)

Notes: Report fell short of the expectation with an offset of 2.0 pts causing a 29 tick short move. It started just below the 50 SMA and fell to cross the S2 Pivot immediately before reversing 27 ticks nearly to the origin in 11 sec. This would have filled your inner long entry with about 7 ticks to spare, then risen quickly to hover on multiple occasions near the S1 Mid Pivot / old LOD position. Look to exit there with 12-15 ticks. It continued to swing between 1.5242, just above the S2 Pivot and 1.5261, just below the 50 SMA for the next 5 min. Then it traded sideways.

11/4/2015 GBP Services PMI (0430 EDT)
Forecast: 54.6
Actual: 54.9
TRAP TRADE – DULL NO FILL
Anchor Point @ 1.5415 – shift down 5 ticks to 1.5410
————
Trap Trade:
)))1st Peak @ 1.5431 – 0430:44 (1 min)
)))21 ticks

)))Reversal to 1.5417 – 0437:45 (8 min)
)))-14 ticks
————
2nd Peak @ 1.5441 – 0442 (12 min)
31 ticks

Reversal to 1.5404 – 0551 (71 min)
37 ticks

Trap Trade Bracket setup:
Long entries – 1.5392 (just below the S1 Mid Pivot) / 1.5378 (just below the S1 Pivot)
Short entries – 1.5433 (on the HOD) / 1.5445 (No SMA / Pivot near)

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

Notes: Near matching report caused an unexpected large and sustained spike. Still cancel as it was short of the inner short tier.

1/6/2016 GBP Services PMI (0430 EST)
Forecast: 55.6
Actual: 55.5
TRAP TRADE – DULL NO FILL
Anchor Point @ 1.4640
————
Trap Trade:
)))Whipsaw between 1.4632 and 1.4645 – 0431 (1 min)
)))+5/-8 ticks
————

Trap Trade Bracket setup:
Long entries – 1.4618 (just below the LOD) / 1.4608 (just below the S2 Pivot)
Short entries – 1.4660 (just above the S1 Mid Pivot) / 1.4675 (in between the PP Pivot / OOD)

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

Notes: Cancel as it was short of the inner short tier and a matching report.