Beige Book | JO Bracket Breakout

CL 03 12 (1 Min) 10.19.11

Beige Book Comments Off

Oct 192011

10/19/2011 FED Beige Book (0800 HI time / 1400 EDT)
Forecast: n/a
Actual: n/a
DOWNWARD FAN
Started @ 88.73
Peak@ 86.50 – 0830 (30 min)
223 ticks

Notes: Report was underperforming overall showing moderate or no economic growth in all 12 sectors. This caused a methodical drop in oil of 223 ticks over 30 minutes. DO NOT USE JOBB. Wait about 3-4 min after the reports breaks to discern the direction, then if you see the indications of a FAN, place an order with the trend. Peak was reached at 0830, but even if you wait another 15 min, only about 15 ticks of profit would be lost.

CL 03 12 (1 Min) 09.07.11

Beige Book Comments Off

Sep 072011

9/7/2011 FED Beige Book (0800 HI time / 1400 EDT)
Forecast: n/a
Actual: n/a
SPIKE / REVERSAL (REPEATED)
Started @ 90.28
1st Peak @ 89.87 – 0808 (8 min)
41 ticks

2nd Peak @ 89.72 – 0824 (24 min)
56 ticks

Notes: Report was underperforming overall showed conflicting weak growth / stagnation, or contraction in all 12 sectors. This caused a less disciplined and chaotic drop with volatile retracement and long wicks / tails. I would not use the JOBB software, wait until seeing the 0801 and 0802 candles with long wicks and place a short order then I would close out in the area around 89.90 on the long red candle at 0808. This is not a methodical fan, but more of a spike.

CL 03 12 (1 Min) 07.27.11

Beige Book Comments Off

Jul 272011

7/27/2011 FED Beige Book (0800 HI time / 1400 EDT)
Forecast: n/a
Actual: n/a
DOWNWARD FAN
Started @ 99.06
Peak@ 98.06 – 0842 (42 min)
100ticks

Notes: Report was underperforming overall showing moderate or no economic growth in all 12 sectors. This caused a methodical drop in oil of 100 ticks over 42 minutes.

Newer Entries