Oct 272011
 


CL 03 12 (1 Min) 10.27.11

10/27/2011 Quarterly Advance GDP (0230 HI time / 0830 EDT)
Forecast: 2.4%
Actual: 2.5%
Previous Revision: none
UPWARD FAN
Started @ 93.25
1st Peak@ 93.57 – 0231 (1 min)
32 ticks

2nd Peak @ 94.05 – 0248 (18 min)
80 ticks

Final Peak @ 94.11 – 0313/0316 (43/46 min)
86 ticks (2x top)

Reversal to 92.98 – 0351 (81 min)
113 ticks

Notes: Report was slightly positive, with no previous revision. This caused an upward fan of medium amount. I would use the JOBB strategy here and stay in for about 45 min where the trend usually ends. After seeing the double top at 94.05, I would close out. The reversal took about 35 min and yielded more ticks – also good to trade.