Caption for 3/8:
3/8/2013 World Agriculture Supply and Demand Estimates (WASDE) – Corn (1200 EST)
Started @ 692.25
1st Peak @ 705.00 – 1201 (1 min)
Reversal to 690.25 – 1204 (4 min)
Notes: Report Reaction caused a long spike of 51 ticks over 1 bar, that crossed all 3 major SMAs near the origin and the R1 / R2 Pivots. With JOBB, you would have filled at about 695 with no slippage, then seen it hover for a several seconds before making its determined late rise to 705. I played it conservatively only looking for a handful of ticks due to the slow development, but it would have been safe to wait until the end of the bar and garner 30+ ticks. After the spike, it reversed to come back below the origin and extend the LOD by 4 ticks. Then it recovered back up the R2 Pivot and traded between the R1 and R2 Pivots.