Jun 282012

CL 08 12 (1 Min) 06.28.12

6/28/2012 Weekly Unemployment Claims (0230 HI time / 0830 EDT)
Forecast: 385K
Actual: 386K
Started @ 80.46
1st Peak @ 80.38 / Reverse to 80.45 – 0231 (1 min)
-8 ticks / 7 ticks

Notes: Report came in matching the forecast. This caused a dull reaction. With JOBB, your order might have filled (with slippage and the bid spread it is on the threshold). If so, when you see no impulse and hovering with a few tick loss, close out. The 33 bar reversed strongly from some other impulse, but that is why you do not want to wait for a profit and should be out of the trade by then.