German Zew Economic Sentiment | JO Bracket Breakout

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9/18/2012 German ZEW Economic Sentiment (2300 HI time / 0500 EDT)
Forecast: -19.2
Actual: -18.2
SPIKE WITH 2ND PEAK
Started @ 1.3092
1st Peak @ 1.3080 – 2304 (4 min)
12 ticks

Reversal to 1.3095 – 2322 (22 min)
15 ticks

2nd Peak @ 1.3057 – 0022 (82 min)
35 ticks

Reversal to 1.3081 – 0048 (108 min)
24 ticks

Notes: The reading came in 1 point better than the forecast to mildly impress, but the overall reading was still disappointing. This caused a 12 tick short spike on 4 bars that crossed that crossed the 100 SMA at the origin and the S1 Pivot lower. The :01 bar could not sustain the drop, but the :04 bar was able to retest and fall for 4 more ticks. With JOBB you would have filled short at about 1.3089 with no slippage. Look to exit with a few ticks at 1.3082, just below the S1 Pivot. After the spike, it reversed for 15 ticks, eclipsing the 50 SMA. Then it fell for a 2nd peak in the next hour as it stepped down to 1.3057 and extended the LOD by 19 ticks. After that it reversed for 24 ticks back to just below the 200 SMA.

8/14/2012 German ZEW Economic Sentiment (2300 HI time / 0500 EDT)
Forecast: -19.4
Actual: -25.5
SPIKE WITH 2ND PEAK
Started @ 1.2374
1st Peak @ 1.2362 – 2303 (3 min)
12 ticks

Reversal to 1.2378 – 2321 (21 min)
16 ticks

2nd Peak @ 1.2354 – 0004 (64 min)
20 ticks

Reversal to 1.2366 – 0018 (78 min)
12 ticks

Notes: The reading came in over 6 points worse than the forecast to mildly disappoint. This caused a frenetic 12 tick short spike on 3 bars that crossed that crossed the 200 SMA at the origin and the R1 Pivot lower. The :01 bar could not sustain the drop, but the :03 bar was able to retest and fall for 2 more ticks. With JOBB you would have filled short at about 1.2371 with no slippage. Look to exit with a few ticks at 1.2364. After the spike, it reversed for 16 ticks, eclipsing the 100 SMA. Then it fell for a 2nd peak as it stepped down to 1.2354 about 1 hr after the report. After that it reversed for 12 ticks back to the R1 Pivot. It continued chopping slightly lower in the next 2 hrs, but not likely due to the influence of the report.

7/17/2012 German ZEW Economic Sentiment (2300 HI time / 0500 EDT)
Forecast: -17.3
Actual: -19.6
SPIKE/REVERSE
Started @ 1.2308
1st Peak @ 1.2296 – 2302 (2 min)
12 ticks

Reversal to 1.2327 – 2312 (12 min)
31 ticks

Notes: The reading came in over 2 points worse than the forecast to mildly disappoint. This caused a 12 tick short spike on 2 bars that crossed the 100 and 200 SMAs. After crossing the 200 SMA, it reversed for 31 ticks in the next 10 min, extending the HOD by 4 ticks. With JOBB you would have filled short at about 1.2305 with no slippage. Look to exit with a few ticks below the 200 SMA. After the large reversal, it came back down to settle between the 100 and 200 SMA, then trended lower.

6/19/2012 German ZEW Economic Sentiment (2300 HI time / 0500 EDT)
Forecast: 3.8
Actual: -16.9
SPIKE/REVERSE
Started @ 1.2608
1st Peak @ 1.2585 – 2301 (1 min)
23 ticks

Reversal to 1.2630 – 2321 (21 min)
45 ticks

Notes: The reading came in over 20 points worse than the forecast to heavily disappoint. This caused a 23 tick short spike on 1 bar that eclipsed the 100 and 50 SMAs and the PP Pivot. Crossing the 50 SMA and the PP Pivot proved too much to sustain as 9 ticks of the tail were left naked. With JOBB you would have filled short at about 1.2603 with 2 ticks of slippage. Look to exit with about 12 ticks at 1.2590, a short term low previously hit just below the PP Pivot / 50 SMA. It then reversed for 45 ticks back through the origin, crossing all 3 major SMAs and the R1 Pivot to nearly reach the HOD 20 min later.

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