Aug 262011
 


CL 04 12 (1 Min) 082611

8/26/2011 Quarterly Prelim GDP (0230 HI time / 0830 EDT)
Forecast: 1.1%
Actual: 1.0%
Previous Revision: n/a
INDECISIVE
Started @ 85.43
1st Peak@ 85.19 / Retrace to 85.51 – 0231 (1 min)
-24 ticks / 8 ticks

Notes: Report was slightly negative causing indecision. JOBB would have gotten you in short then retraced and hovered with about 10 ticks of heat before hitting the 15 tick stop loss. I would close out with 10 ticks loss in this case.