8/14/2015 Prelim UoM Consumer Sentiment (1000 EDT)
Forecast: 93.5
Actual: 92.9
Previous Revision: -0.2 to 93.1
TRAP TRADE – DULL NO FILL
Anchor Point @ 0.008046 (last price)
————
Trap Trade:
)))1st Bar Span 0.008045 – 0.008047 – 0831 (1 min)
)))2 ticks
————

Trap Trade Bracket setup:
Long entries – 0.008040 (in between the PP Pivot / OOD) / 0.008031 (just below the S1 Mid Pivot / LOD)
Short entries – 0.008052 (in between the R1 Pivot / 200 SMA) / 0.008062 (just below the R2 Pivot / HOD)

Notes: The report came in below the forecast by only 0.6 points for a near match. This caused no movement on :01 bar, so cancel the order with no fill after 20 sec. It did rally a few ticks in the next 45 min most likely correcting the short move preceding.

10/16/2015 Prelim UoM Consumer Sentiment (1000 EDT)
Forecast: 88.8
Actual: 92.1
Previous Revision: +1.5 to 87.2
TRAP TRADE – DULL NO FILL
Anchor Point @ 0.008403
————
Trap Trade:
)))1st Peak @ 0.008398 – 1000:10 (1 min)
)))-5 ticks

)))Reversal to 0.008402 – 1000:54 (1 min)
)))4 ticks
————
2nd Peak @ 0.008391 – 1006 (6 min)
12 ticks

Reversal to 0.008401 – 1023 (23 min)
10 ticks

Trap Trade Bracket setup:
Long entries – 0.008397 (just above the S2 Pivot) / 0.008388 (No SMA / Pivot near)
Short entries – 0.008410 (just below the S1 Pivot) / 0.008418 (just below the OOD)

Expected Fill: n/a – cancel
Best Initial Exit: n/a
Recommended Profit Target placement: n/a

Notes: Just short of the inner tier long tier so cancel the order. Note the reversal bounce off of the LOD as a good trade.

12/11/2015 Prelim UoM Consumer Sentiment (1000 EST)
Forecast: 92.3
Actual: 91.8
Previous Revision: -1.8 to 91.3
TRAP TRADE – INNER TIER
Anchor Point @ 0.008287
————
Trap Trade:
)))1st Peak @ 0.008293 – 1000:22 (1 min)
)))6 ticks

)))Reversal to 0.008282 – 1001:23 (2 min)
)))-11 ticks
————
Continued Reversal to 0.008264 – 1008 (8 min)
29 ticks

Trap Trade Bracket setup:
Long entries – 0.008281 (just above the 50 SMA) / 0.008273 (just below the R2 Pivot)
Short entries – 0.008292 (just above the R3 Mid Pivot) / 0.008303 (just below the R3 Pivot)

Expected Fill: 0.008292 – inner short tier
Best Initial Exit: 0.008282 – 10 ticks
Recommended Profit Target placement: 0.008281 (on the 50 SMA)

Notes: Nice inner tier fill and methodical reversal for 10 ticks or much more with patience. Notice that it was ending a long trend from 1 hr earlier that claimed 50 ticks so it was primed to go short.

1/17/2014 Prelim UoM Consumer Sentiment (0955 EST)
Forecast: 83.4
Actual: 80.4
TRAP TRADE (SPIKE/REVERSE)
Anchor Point @ 0.0009588 (recent avg)
————
Trap Trade:
)))1st Peak @ 0.009598 – 0955:14 (1 min)
)))10 ticks

)))Reversal to 0.009584 – 1003 (8 min)
)))-14 ticks
————

Trap Trade Bracket setup:
Long entries – 0.009580 (no SMA/Pivot within 5 ticks) / 0.009574 (in between the S1 Mid Pivot and LOD)
Short entries – 0.009597 (just above the R1 Mid Pivot ) / 0.009603 (just above the HOD)

Notes: Report came in mildly lower than the forecast by 3.0 points causing a long impulse on the 6J for 10 ticks as it eclipsed the R1 Mid Pivot. That would have easily filled the inner short entry with 1 tick to spare. Then it would have hovered around the R1 Mid Pivot for 2 bars before falling. Move the stop loss to 0.009601, just above the HOD (-4 ticks), then be patient and wait for it to fall to at least the 50/100 SMAs, and likely the 200 SMA / PP Pivot. It reached both barriers at 10:01 and 10:03 respectively, allowing up to 12 or so ticks to be captured with ease. This is a Trap Trade that you can be patient and wait for the reversal for several bars. It continued to hover near the PP Pivot and 200 SMA for 10 min before it rose again and traded sideways.