6/5/2014 Official Bank Rate / Asset Purchase Facility (0700 EDT)
Forecast: 0.50%
Actual: 0.50%
TRAP TRADE (DULL REACTION-NO FILL)
Started @ 1.6760 (last price)
————
Trap Trade:
)))1st Peak @ 1.6765 – 0659:58 (0 min)
)))5 ticks

)))Reversal to 1.6754 – 0700:00 (0 min)
)))-11 ticks
————
Pullback to 1.6771 – 0702:32 (3 min)
17 ticks

Trap Trade Bracket setup:
Long entries – 1.6744 (just below the PP Pivot) / 1.6733 (just below the LOD)
Short entries – 1.6776 (just above the R2 Mid Pivot) / 1.6786 (just above the R2 Pivot)

Notes: The Bank of England left rates unchanged as expected, and the Asset Purchase Facility also remained unchanged. This caused a muted move of only 5 ticks followed by an 11 tick reversal that acted 2 sec early. This was all well inside of the inner tier, so cancel the order on the dull reaction. After the :00 and :01 bars, it pulled back for 17 ticks to cross the 50 / 100 SMAs and nearly reach the R2 Mid Pivot.

8/7/2014 Official Bank Rate / Asset Purchase Facility (0700 EDT)
Forecast: 0.50%
Actual: 0.50%
TRAP TRADE (DULL REACTION-NO FILL)
Started @ 1.6850 (last price)
————
Trap Trade:
)))1st Peak @ 1.6842 – 0700:11 (1 min)
)))-8 ticks

)))Reversal to 1.6847 – 0700:25 (1 min)
)))5 ticks
————
Pullback to 1.6840 – 0705 (5 min)
7 ticks

Reversal to 1.6853 – 0713 (13 min)
13 ticks

Trap Trade Bracket setup:
Long entries – 1.6832 (on the S1 Mid Pivot) / 1.6824 (just below the S1 Pivot)
Short entries – 1.6868 (just above the R2 Pivot) / 1.6877 (No SMA / Pivot near)

Notes: The Bank of England left rates unchanged as expected, and the Asset Purchase Facility also remained unchanged. This caused a muted move of only 8 ticks followed by a 5 tick reversal. This was well inside of the inner tier, so cancel the order on the dull reaction. It managed to pullback to the 100 SMA for a few more ticks, then eventually reversed for 13 ticks after 13 min.

10/9/2014 Official Bank Rate / Asset Purchase Facility (0700 EDT)
Forecast: 0.50%
Actual: 0.50%
TRAP TRADE – DULL NO FILL
Started @ 1.6208 (last price)
————
Trap Trade:
)))1st Peak @ 1.6197 – 0700:36 (1 min)
)))-11 ticks

)))Reversal to 1.6205 – 0703:32 (4 min)
)))8 ticks
————
Continued Reversal to 1.6212 – 0709 (9 min)
15 ticks

Trap Trade Bracket setup:
Long entries – 1.6192 (just below the 200 SMA) / 1.6181 (No SMA/Pivot near)
Short entries – 1.6225 (just above the R2 Mid Pivot) / 1.6235 (No SMA/Pivot near)

Notes: The Bank of England left rates unchanged as expected, and the Asset Purchase Facility also remained unchanged. This caused a muted move of only 11 ticks short to the R1 Pivot / 100 SMA followed by a 8 tick reversal in 3 min then another 7 ticks in 5 min to the HOD. This was well inside of the inner tier, so cancel the order on the dull reaction. After that it backed off and traded sideways between the 50 SMA and HOD.

12/4/2014 Official Bank Rate / Asset Purchase Facility (0700 EST)
Forecast: 0.50%
Actual: 0.50%
TRAP TRADE – DULL NO FILL
Anchor Pt @ 1.5677 – shift to 1.5680 (last price)
————
Trap Trade:
)))1st Peak @ 1.5685 – 0700:00 (1 min)
)))5 ticks

)))Reversal to 1.5674 – 0700:06 (1 min)
)))-11 ticks
————
Continued Reversal to 1.5662 – 0706 (6 min)
23 ticks

Trap Trade Bracket setup:
Long entries – 1.5671 (No SMA / Pivot near) / 1.5660 (on the LOD)
Short entries – 1.5690 (on the PP Pivot) / 1.5700 (just below the R1 Mid Pivot)

Notes: The Bank of England left rates unchanged as expected, and the Asset Purchase Facility also remained unchanged. The initial anchor point would have shifted higher about 3 ticks after the 45 sec buffer, so bias the orders higher as time lapses. This caused a long spike of only 5 ticks to eclipse the 100 SMA and OOD immediately then a reversal of 11 ticks in 6 sec. This would have fallen short of your inner short tier, so cancel the order. After that it continued to reverse for 12 more ticks in 5 more min.

2/5/2015 Official Bank Rate / Asset Purchase Facility (0700 EST)
Forecast: 0.50%
Actual: 0.50%
TRAP TRADE – INNER TIER
Anchor Pt @ 1.5233 – shift to 1.5239 (last price)
————
Trap Trade:
)))1st Peak @ 1.5249 – 0659:57 (0 min)
)))10 ticks

)))Reversal to 1.5239 – 0700:22 (1 min)
)))-10 ticks

)))Pullback to 1.5248 – 0700:34 (1 min)
)))9 ticks
————
Reversal to 1.5233 – 0705 (5 min)
23 ticks

Trap Trade Bracket setup:
Long entries – 1.5230 (just below the 200 SMA) / 1.5219 (on the PP Pivot)
Short entries – 1.5248 (just above the R1 Pivot) / 1.5258 (above the HOD)

Notes: The Bank of England left rates unchanged as expected, and the Asset Purchase Facility also remained unchanged. The initial anchor point would have shifted higher about 6 ticks after the 45 sec buffer, so bias the orders higher as time lapses. This caused a long spike of 10 ticks to eclipse the R1 Pivot and provide a perfect entry for the inner short tier. After the fill it reversed 10 ticks in 25 sec to allow an exit with 8-9 ticks where it hovered above the 13 SMA. After that it pulled back for a double top before falling 23 ticks in 4 min to cross the 200 SMA. Then it continued to trade between the 200 SMA and HOD until the ECB action caused a large long spike.