CL 03 12 (1 Min) 10.07.11

10/7/2011 Monthly Unemployment Report (0230 HI time / 0830 EDT)
Non Farm Jobs Forecast: 55K
Non Farm Jobs Actual:103K
Previous Revision:+57K to 57K
Rate Forecast: 9.1%
Rate Actual: 9.1%
SPIKE WITH 2ND PEAK
Started @ 82.77
1st Peak @ 84.20 – 0234 (4 min)
143 ticks

2nd Peak @ 84.57 – 0240 (10 min)
180 ticks

Reversal to 83.69 – 0301 (31 min)
88 ticks

Notes: Strongly positive report that exceeded the forecast with a upward revision to the previous report causing a healthy spike upward. I would close out at the beginning of the 0234 candle when it started to reverse, or possibly wait for the 2nd spike at 0240 (143 ticks is large, but not gigantic).