10/22/2014 CNY HSBC Flash Manufacturing PMI (2145 EDT)
Forecast: 50.2
Actual: 50.4
Previous Revision: -0.3 to 50.2
SPIKE / REVERSE
Started @ 3.0215
1st Peak @ 3.0255 – 2145:01 (1 min)
8 ticks

Reversal to 3.0220 – 2145:55 (1 min)
7 ticks

Continued Reversal to 3.0200 – 2149 (4 min)
11 ticks

Pullback to 3.0235 – 2150 (5 min)
7 ticks

Notes: Report nearly matched the forecast with no previous report revision. This caused a small 8 tick long spike that hit the HOD and hovered before collapsing late in the :46 bar. With JOBB, your long order would have filled at about 3.0235 with 1 tick of slippage. Then it would have given you an opportunity to exit with about 2 ticks as it hovered just below the HOD for over 30 sec. In this case with the near match, look to exit with the hovering and do not expect the later peak. It collapsed back to the origin and the PP Pivot as the bar was expiring, then fell another 4 ticks 4 min later. After that it pulled back to the PP Pivot and traded sideways.
We also recommended the 6A as an alternative to the HG with limit orders using 10 as the slippage setting. It saw a long spike of 13 ticks that would have filled with 4 ticks of slippage. Then it hovered within 4 ticks of the peak to allow an exit with about 2-3 ticks. It would have allowed a good reversal trade opportunity to short it where it hovered on the S1 Mid Pivot and then fell 8 ticks in the next minute and another 16 ticks after 7 min to extend the LOD and nearly reach the S2 Mid Pivot.

1/22/2014 CNY HSBC Flash Manufacturing PMI (2045 EST)
Forecast: 49.5
Actual: 49.8
Previous Revision: n/a
DULL REACTION – FILL
Started @ 2.5725
1st Peak @ 2.5745 – 2045:00 (1 min)
4 ticks

Reversal to 2.5725 – 2045:04 (1 min)
4 ticks

2nd Peak @ 2.5755 – 2048 (3 min)
6 ticks

Reversal to 2.5600 – 2115 (30 min)
31 ticks

Notes: Report nearly matched the forecast with a modest upward previous report revision. This caused a small 4 tick long spike that crossed the 13 SMA then reversed back to the origin quickly. WIth JOBB, your long order would have filled at 2.5740 with no slippage. Then it would have sat for a while at -2 ticks. You could have exited there or with minimal risk wait for a little delayed push higher given that is typical with this report. It climbed for a minor 2nd peak of only 2 more ticks to the 20 SMA to allow 2 ticks of profit to be captured. Then it reversed for 31 ticks after crossing the S1 Mid Pivot in 27 min as a part of a much larger down trend.

We also recommended the 6A as an alternative to the HG with limit orders using 10 as the slippage setting. It saw an indecisive reaction for the first 8 sec to be unsafe and likely cause a stop out with a 10 tick loss.

3/23/2015 CNY HSBC Flash Manufacturing PMI (2145 EDT)
Forecast: 50.5
Actual: 49.2
Previous Revision: +0.6 to 50.7
SPIKE WITH 2ND PEAK
Started @ 2.8120
1st Peak @ 2.8070 – 2145:43 (1 min)
10 ticks

Reversal to 2.8115 – 2148 (3 min)
9 ticks

2nd Peak @ 2.7965 – 2206 (21 min)
31 ticks

Reversal to 2.8025 – 2208 (23 min)
12 ticks

Notes: Report fell short of the forecast with a moderate upward previous report revision. This caused a 10 tick short spike that started on the 13 SMA and fell to nearly reach the R1 Pivot. With JOBB, your short order would have filled at 2.8095 with 2 ticks of slippage. Then it would have fallen and near the R1 Pivot for about 25 sec to allow an exit with 4 ticks. After that it reversed 9 ticks in 2 min before falling for a 2nd peak of 21 more ticks in 18 min to nearly reach the R1 Mid Pivot. Then it reversed 12 ticks in 2 min to the 13 SMA.

We also recommended the 6A as an alternative to the HG with limit orders using 10 as the slippage setting. It saw a large premature move that reversed 11 sec before the report that would have disqualified it from trading. Then it fell 24 ticks immediately which would have been accompanied with at least 8 ticks of slippage.

5/20/2015 CNY HSBC Flash Manufacturing PMI (2145 EDT)
Forecast: 49.4
Actual: 49.1
Previous Revision: -0.3 to 48.9
DULL REACTION – NO FILL
Started @ 2.8370
1st Peak @ 2.8385 – 2145:49 (1 min)
3 ticks

Notes: Report mildly fell short of the forecast with a modest downward previous report revision. This caused a small 3 tick long spike in 49 sec that started on the 20 SMA and did not budge until 20 sec after the release to make it an easy decision to cancel the order. After the meager spike, it traded sideways and eventually resumed climbing.
We also recommended the 6A as an alternative to the HG with limit orders using 10 as the slippage setting. It saw a premature long move and choppy movement to invalidate the trade.

7/23/2015 CNY Caixin Flash Manufacturing PMI (2145 EDT)
Forecast: 49.8
Actual: 48.2
Previous Revision: -0.2 to 49.4
SPIKE WITH 2ND PEAK
Started @ 2.3650
1st Peak @ 2.3580 – 2146:03 (2 min)
14 ticks

Reversal to 2.3620 – 2147 (2 min)
8 ticks

2nd Peak @ 2.3570 – 2150 (5 min)
16 ticks

Reversal to 2.3635 – 2151 (6 min)
13 ticks

Continued Reversal to 2.3705 – 2249 (64 min)
27 ticks

Notes: Report fell short of the forecast with a negligible downward previous report revision. This caused a slow developing short spike of 14 ticks that took a little over a min. With JOBB and a 3 tick bracket, your short order would have filled at about 2.3630 with 1 tick of slippage. Then you would been able to capture up to 9 ticks when it peaked and hovered as the :46 bar was expiring. After that it reversed 8 ticks in 1 min before falling for a 2nd peak of 2 more ticks in 3 min. Then it reversed 13 ticks in 1 min to the 50 SMA and another 14 ticks in 1 hr to the 200 SMA.
We also recommended the 6A as an alternative to the HG with limit orders using 10 as the slippage setting. It saw a short spike of 30 ticks allowing about 10 ticks to be captured.