Eurostat News Releases Create Trade Opportunity

Get ready to do an Iron Condor trade before bedtime as Eurostat will be releasing two different reports at 4:30 AM ET, Wednesday, May 13, 2015. Both reports, the Flash Gross Domestic Product (GDP) and Industrial Production, reflect production activities in Europe. The first measures the change in the inflation-adjusted value of goods and services produced by the economy, while the second report measures the change in the inflation-adjusted value of output produced by manufacturers, mines and utilities. The Flash GDP, which is released quarterly, is the widest measure of economic activity and main gauge of economic health. Industrial Production is released monthly however, tends to have a mild impact on the markets because Germany and France release earlier production information.

Place Your Trade At 11:00 PM ET Tuesday, May 12, 2015

To trade these reports you can use an Iron Condor which is a relatively low risk neutral trade strategy. It’s considered neutral as it’s used for trades where a relatively small move is anticipated and the direction of the move is unknown. Nadex EUR/USD Spreads, derivatives of the underlying EUR/USD market are used to set up this Iron Condor. Buy the lower spread and sell the upper spread. The bought lower spread’s ceiling and the sold upper spread’s floor should meet right where the then current underlying market is trading. You can enter as early as 11:00 PM ET for a 7:00 AM ET expiration. You want your Iron Condor setup to have a profit potential of $35 or more.

Market Is Anticipated To Make A Move And Pull Back After Reports

If the original Iron Condor has a $35 or more profit potential, and you want to add more spreads to the trade you may, just be sure to add the same number of spreads to each side. For this trade you can keep your trade on until expiration and the market can move up to 70 pips in one direction for a max 1:1 risk reward ratio. However, it’s anticipated the market will react, make it’s move and then pull back. The closer to center between the two spreads, the higher your profit potential.

To learn more about Nadex Spreads, which can be traded from 49+ different countries, and to learn more about how to trade news events visit www.apexinvesting.com. Apex Investing is a service by Darrell Martin promoting THT: Traders Helping Traders.