5/21/2014 CNY HSBC Flash Manufacturing PMI (2145 EDT)
Forecast: 48.4
Actual: 49.7
Previous Revision: -0.2 to 48.1
SPIKE WITH 2ND PEAK
Started @ 3.1280
1st Peak @ 3.1385 – 2147 (2 min)
21 ticks

Reversal to 3.1335 – 2148 (3 min)
10 ticks

2nd Peak @ 3.1445 – 2155 (10 min)
33 ticks

Reversal to 3.1390 – 2219 (34 min)
11 ticks

Notes: Report impressed the traders with a small previous report downward revision. This caused a nice healthy long spike that started on the OOD and rose to cross the 50 SMA, R1 Pivot, and extend the HOD while nearly reaching the R2 Mid Pivot over 2 bars. With JOBB, your long order would have filled at about 3.1330 with 7 ticks of slippage (right at the max of the limit order settings. Then it would have given you an opportunity to exit with up to 8 ticks later in the bar. After the peak, it reversed for 10 ticks to the R1 Pivot on the next bar. Then it rebounded for a 2nd peak of 12 more ticks in the next 7 min to the R2 Pivot. After that it fell 11 ticks in 24 min before trading 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 39 ticks, that would not have filled as the slippage was excessive.

6/22/2014 CNY HSBC Flash Manufacturing PMI (2145 EDT)
Forecast: 49.7
Actual: 50.8
Previous Revision: -0.3 to 49.4
SPIKE WITH 2ND PEAK
Started @ 3.1320
1st Peak @ 3.1395 – 2147 (2 min)
15 ticks

2nd Peak @ 3.1435 – 2151 (6 min)
23 ticks

Reversal to 3.1350 – 2203 (18 min)
17 ticks

Notes: Report impressed the traders with a small previous report downward revision. This caused a nice healthy long spike that started on the 13 SMA of an upward trend and rose to cross the R1 Pivot, and eclipse the HOD. With JOBB, your long order would have filled at about 3.1345 with 2 ticks of slippage. Then it would have given you an opportunity to exit with up to 8 ticks later in the bar. After the peak, it hovered in a tight range near the HOD for 4 min before climbing for a 2nd peak of 8 more ticks to reach the R2 Mid Pivot. Then it reversed for 17 ticks to the R1 Pivot in the next 12 min. After that it continued to trend upward over the next few hours.
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 29 ticks, that would not have filled as the slippage was excessive.

7/23/2014 CNY HSBC Flash Manufacturing PMI (2145 EDT)
Forecast: 51.2
Actual: 52.0
Previous Revision: -0.1 to 50.7
SPIKE WITH 2ND PEAK
Started @ 3.2165
1st Peak @ 3.2245 – 2146 (1 min)
16 ticks

Reversal to 3.2210 – 2148 (3 min)
7 ticks

Final Peak @ 3.2360 – 2210 (25 min)
39 ticks

Reversal to 3.2250 – 2244 (59 min)
22 ticks

Notes: Report impressed the traders with a negligible previous report downward revision. This caused a nice healthy long spike that started on the R2 Pivot of an upward trend and rose to cross the R3 Mid Pivot, and extend the HOD. With JOBB, your long order would have filled at about 3.2195 with 3 ticks of slippage. Then it would have given you an opportunity to exit with up to 10 ticks later in the bar when it hovered just above the R3 Mid Pivot. After the peak, it fell 7 ticks before rallying again for 2 tier final peak of 23 more ticks in 24 min that nearly reached the R4 Pivot. Then it fell 22 ticks in the next 34 min to cross the R3 Pivot and 50 SMA and bottom at the same level of the 1st peak.

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 32 ticks, that would not have filled as the slippage was excessive. It would have allowed a good reversal trade opportunity as it tried 3 times unsuccessfully to penetrate the R3 Mid Pivot while the 6A rarely goes for 2nd peaks on this report. This would have yielded up to 15-18 ticks in about an hour.