3/26/2012 FED Chairman Bernanke Speech (0200 HI time / 0800 EST)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 106.62
1st Peak @ 106.85 – 0201 (1 min)
23 ticks (2x top)

2nd Peak @ 107.09 – 0205 (5 min)
47 ticks

3rd Peak @ 107.22 – 0214 (14 min)
60 ticks

Final Peak @ 107.32 – 0221 (21 min)
70 ticks

Reversal to 107.00 – 0236 (36 min)
32 ticks

Notes: FED Chair Bernanke hinted strongly that QE3 is coming soon due to the perceived problem of long term unemployment still dragging the economy down. The markets liked that and it put traders in a buying mood. You would also notice that your order did not fill until about 20 sec into the :01 candle. For the FED reports that is okay as the reaction is delayed, but not dull. With the report crossing the 50 and 100 SMAs, you would be wise to exit near the top of the :01 candle. After seeing that it never dropped below the 50 SMA on the next two candles, it is gearing up for a 2nd peak and you could enter another buy order on the 02:03 candle as it ascends. While it hit its successive peaks the retracement never crossed below the 13 EMA. Also notice the MACD did not flatten until at/after the final peak.

2/16/2012 FED Chairman Bernanke Speech (0400 HI time / 0900 EST)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 101.62
Peak @ 101.84 – 0401 (1 min)
22 ticks

2nd Peak @ 102.17 – 0415 (15 min)
55 ticks

Reversal to 101.88 – 0421 / 0440 (21/40 min)
29 ticks (2x bottom)

Notes: Speech released at the same time as the open of the CL market. Positive catalyst for the market with no real retreat until the 2nd peak at 0415. It did achieve a possible “3rd peak” 3 ticks higher at 0434. When you see a pattern in the area of 0415 (large candle with little wick, then double top, and long wick followed by drop, this is a good indication the upward momentum has arrested…I would close in that area.

11/10/2011 FED Chairman Bernanke Speech (0645 HI time / 1145 EST)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 98.05
Peak @ 98.36 – 0652 (7 min)
31 ticks

2nd Peak @ 98.86 – 0719 (34 min)
81 ticks

Reversal to 98.34 – 0730 / 0737 / 0738 (45/52/53 min)
52 ticks (3x bottom)

Notes: Speech released after beginning of an upward FAN aiding the interpretation of the speech. Typical Spike, small retracement, and secondary spike. I would have probably gotten out at 0714 after the series of long wicks, even though it did go a little higher.

9/15/2011 FED Chairman Bernanke Speech (0245 HI time / 0845 EDT)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 90.16
Peak @ 89.95 – 0249 (4 min)
21 ticks

2nd Peak @ 89.80 – 0719 (34 min)
36 ticks

Reversal to 90.34 – 0301 (16 min)
44 ticks

Notes: Speech caused minor downward impulse. 2nd Peak was the candle right before the open, and reversal was the open at 0301.