9/2/2015 ADP Non-Farm Employment Change (0815 EDT)
Forecast: 204K
Actual: 190K
Previous revision: -8K to 177K
TRAP TRADE – INNER TIER
Anchor Point @ 0.008325 (last price)
————
Trap Trade:
)))1st Peak @ 0.008336 – 0815:00 (1 min)
)))11 ticks

)))Reversal to 0.008325 – 0815:07 (1 min)
)))-11 ticks

)))Pullback to 0.008334 – 0815:34 (1 min)
)))9 ticks
————
Reversal to 0.008323 – 0821 (6 min)
11 ticks

Pullback to 0.008332 – 0822 (7 min)
9 ticks

Reversal to 0.008311 – 0904 (34 min)
21 ticks

Trap Trade Bracket setup:
Long entries – 0.008315 (just below the S2 Mid Pivot) / 0.008305 (just above the S2 Pivot)
Short entries – 0.008335 (on the S1 Mid Pivot / 200 SMA) / 0.008344 (just above the PP Pivot)

Expected Fill: 0.008335 (inner short tier)
Best Initial Exit: 0.008326 – 9 ticks
Recommended Profit Target placement: 0.008327 (just above the S1 Pivot)

Notes: Nice inner tier entry that allowed up to 9 ticks to be captured on the first hovering. Good reversal opportunity at 0824 after 3 bars could not go any higher with the 200 SMA looming above.

11/4/2015 ADP Non-Farm Employment Change (0815 EST)
Forecast: 183K
Actual: 182K
Previous revision: -10K to 190K
TRAP TRADE – INNER TIER
Anchor Point @ 0.008257 (last price)
————
Trap Trade:
)))1st Peak @ 0.008248 – 0815:21 (1 min)
)))-9 ticks

)))Reversal to 0.008253 – 0816:18 (2 min)
)))5 ticks
————
2nd Peak @ 0.008240 – 0843 (28 min)
17 ticks

Reversal to 0.008245 – 0851 (36 min)
5 ticks

Trap Trade Bracket setup:
Long entries – 0.008249 (just below the S1 Pivot / 200 SMA) / 0.008239 (just below the S2 Pivot / LOD)
Short entries – 0.008267 (on the HOD) / 0.008275 (just above the R1 Pivot)

Expected Fill: 0.008249 (inner long tier)
Best Initial Exit: 0.008253 – 4 ticks
Recommended Profit Target placement: 0.008254 (on the 100 SMA) – move slightly lower

Notes: Inner long tier entry that allowed 3-4 ticks to be captured with ease as the 200 SMA / S1 Pivot were a strong barrier. Even though a matching report, still a decent reaction and 2nd peak.

1/6/2016 ADP Non-Farm Employment Change (0815 EST)
Forecast: 193K
Actual: 257K
Previous revision: -6K to 211K
SPIKE WITH 2ND PEAK
Started @ 0.008460
1st Peak @ 0.008440 – 0815:03 (1 min)
20 ticks

Reversal to 0.008453 – 0815:51 (1 min)
13 ticks

Pullback to 0.008447 – 0818 (3 min)
6 ticks

Reversal to 0.008458 – 0824 (9 min)
11 ticks

Final Peak @ 0.008434 – 0856 (41 min)
26 ticks

Reversal to 0.008448 – 0922 (52 min)
14 ticks

Expected Fill: 0.008454 (short)
Slippage: 3 ticks
Best Initial Exit: 0.8441 – 13 ticks
Recommended Profit Target placement: 0.008441 (just below the R2 Pivot)

Notes: Switch to bracket routine, but still expect a big reversal at the R2 Pivot. It reversed all the way to the SMAs before falling for a 2nd peak of 6 more ticks.

2/5/2014 ADP Non-Farm Employment Change (0815 EST)
Forecast: 191K
Actual: 175K
Previous revision: -11K to 227K
INDECISIVE
Started @ 134’11
1st Peak @ 134’15 – 0816 (1 min)
4 ticks

Reversal to 134’05 – 0816 (1 min)
-10 ticks

2nd Peak @ 134’16 – 0823 (8 min)
5 ticks

Reversal to 133’23 – 0935 (80 min)
25 ticks

Notes: Report mildly fell short of the forecast by 16K jobs along with a moderate 11K downward revision to the previous report. This caused an indecisive reaction that shot long 4 ticks hitting the R1 Pivot, then reversed 10 ticks quickly crossing all 3 major SMAs and the PP Pivot. With JOBB, you would have filled long at about 134’14 with no slippage, then seen it hit your stop loss for a 5 tick loss with no slippage. While the FF Forecast was at 191K, other websites listed lower around 180K, so this may have been closer to a match. After the :01 bar, it stuck to the 100/200 SMAs and the PP Pivot for 4 min before eventually rebounding long to gain a minor 2nd peak of 1 more tick. Then it dramatically reversed for 25 ticks in the next 72 min, all the way down to the S2 Pivot.