Apr 282011

CL 03 12 (1 Min) 04.28.11

4/28/2011 Quarterly Advance GDP (0230 HI time / 0830 EDT)
Forecast: 1.9%
Actual: 1.8%
Previous Revision: -0.1% to 3.1%

Notes: Report was slightly negative, with a small previous downward revision. Normally this should be enough to cause a decisive downward fan, but it was volatile in this case. I would have used the JOBB strategy here, get in short and then let the stop loss work to mitigate the loss going long. Also notice the 0301 candle right after the open was indecisive. This reaction did not follow the routine at all.