9/27/2011 Monthly CB Consumer Confidence (0400 HI time / 1000 EDT)
Previous revision: +0.7 to 45.2
Started @ 84.04
1st Peak @ 83.93 / retrace to 84.25 – 0401 (1 min)
-11 ticks / 21 ticks
Notes: Report strongly fell mildly short of forecast causing an indecisive volatile candle with no clear direction in the 0402-0404 range. If you had used JOBB, you would have been shorted at about 83.97 level. You would see about 3-4 ticks of profit briefly, then a retrace to 4-7 ticks of loss where it hovered for about 15 sec. I would get out there rather than gamble on the return or have it hit the stop loss as the hovering illustrates a lack of conviction.