11/5/2013 GBP Services PMI (0428 EDT)
Forecast: 60.4
Actual: 62.5
TRAP TRADE (UPWARD FAN)
Anchor Point @ 1.5974 (last price)
————
Trap Trade:
)))1st Peak @ 1.6006 – 0428:00 (1 min)
)))32 ticks

)))Reversal to 1.5982 – 0428:07 (1 min)
)))-24 ticks

)))Pullback to 1.6000 – 0428:35 (1 min)
)))18 ticks
————
Final Peak @ 1.6058 – 0508 (40 min)
84 ticks

Reversal to 1.6040 – 0517 (49 min)
18 ticks

Trap Trade Bracket setup:
Long entries – 1.5954 (just below the PP Pivot) / 1.5939 (in between the S1 and S2 Mid Pivots)
Short entries – 1.5994 (No SMA/Pivot nearby) / 1.6009 (No SMA/Pivot nearby)

Notes: Report came in strong with a reading 2.1 pts above the forecast. This caused a large long reaction of 32 ticks that started on the 13/20 SMAs, then rose to cross the R3 Mid Pivot then backoff immediately . That would have filled the inner short entry with 12 ticks to spare and missed the outer tier by 3 ticks. Then it would have backed off to hover in between the R2 Mid Pivot and R2 Pivot from :06 to :12 sec. Look to exit there with about 10 ticks before it rebounded long to the 1.6000 area 22 sec later. After the initial reversal, it continued to step higher and higher without much of a reversal until it achieved a final peak of 52 more ticks in the next 39 min. This would be a good case to take a manual later entry long after seeing the strong results and the initial reversal being short lived. After the final peak, it reversed for 18 ticks back to the 50 SMA then traded sideways.

1/6/2014 GBP Services PMI (0428 EST)
Forecast: 60.4
Actual: 58.8
TRAP TRADE (SPIKE / REVERSE)
Anchor Point @ 1.6356 (last price)
————
Trap Trade:
)))1st Peak @ 1.6341 – 0428:00 (1 min)
)))-15 ticks

)))Reversal to 1.6354 – 0428:19 (1 min)
)))13 ticks

)))Pullback to 1.6337 – 0428:53 (1 min)
)))-17 ticks

)))Reversal to 1.6346 – 0429:30 (2 min)
)))9 ticks
————
Final Peak @ 1.6329 – 0436 (8 min)
27 ticks

Reversal to 1.6352 – 0447 (19 min)
23 ticks

Extended reversal to 1.6380 – 0547 (79 min)
51 ticks

Trap Trade Bracket setup:
Long entries – 1.6338 (just below the S3 Mid Pivot / LOD) / 1.6321 (No SMA/Pivot nearby)
Short entries – 1.6377 (just above the S2 Mid Pivot) / 1.6390 (just above the S1 Pivot)

Notes: Report came in weak with a reading 1.6 pts below the forecast. This caused a small short reaction of 15 ticks that started just below the 100 SMA, then fell reach the LOD and retreat. That would have missed your inner long entry by a few ticks, so cancel the order. The form still held as it reversed for 13 ticks in the next 19 sec to the 100 SMA. Then it fell to step for a lower peak of 12 more ticks in the next 6 min. After that it reversed for 23 ticks in the next 11 min to the 100 SMA, then another 29 ticks in the next hour.

3/5/2014 GBP Services PMI (0428 EST)
Forecast: 58.0
Actual: 58.2
TRAP TRADE (DULL REACTION)
Anchor Point @ 1.6671 (last price)
————
Trap Trade:
)))1st Peak @ 1.6680 – 0427:54 (0 min)
)))9 ticks

)))Reversal to 1.6663 – 0428:02 (1 min)
)))-17 ticks

)))Pullback to 1.6678 – 0428:15 (1 min)
)))15 ticks
————
2nd Peak @ 1.6692 – 0432 (4 min)
21 ticks

Reversal to 1.6669 – 0449 (21 min)
23 ticks

Trap Trade Bracket setup:
Long entries – 1.6653 (just below the LOD) / 1.6635 (just above the S2 Mid Pivot)
Short entries – 1.6693 (on the HOD) / 1.6706 (No SMA/ Pivot nearby)

Notes: Report came in nearly matching with a narrow offset of +0.2 causing a premature long impulse for 9 ticks as it eclipsed the 50 SMA. Then it reversed 8 sec later 17 ticks to cross the 200 SMA and nearly reach the S1 Mid Pivot. All of this movement would have been well inside the 20 tick inner tiers, so cancel the order. After 15 sec it pulled back to the 100 SMA, then eventually achieved a 2nd peak of 12 more ticks on the :02 bar as it nearly reached the HOD. Then it fell 23 ticks in the next 21 min to cross the 200 SMA. After that, it continued to cycle between the R1 Mid Pivot and S1 Mid Pivot 2 more times as it gradually trended lower.