Great Britain Retail Sales Provides Trade Opportunity

Scheduled news events can be great to trade simply because they are scheduled. A time is actually known to expect some kind of market reaction or move. When there is a consistent reaction or amount of move after each of the scheduled events, then that is even better. If it’s also a trade with little and defined risk, giving you the flexibility to let it go until expiration, then that just makes for an ideal trade opportunity.

That’s what is happening this week on Wednesday at 11:00 PM ET, May 20, 2015. That is the time to enter a trade setup for Great Britain’s Retail Sales numbers being released from the Office for National Statistics. This release reflects the change in total value of inflation-adjusted sales at the retail level and is a leading indicator of consumer spending. Consumer spending makes up the majority of economic activity. Therefore, if the actual number is greater than the forecast, then that makes it good for currency.

Put The Trade On Before Bedtime

To set up your trade, buy the lower GBP/USD Nadex Spread and sell the upper GBP/USD Nadex Spread. The ceiling of the lower bought spread, should meet with the floor of the upper sold spread, and they should be where the then current underlying market GBP/USD is trading. This strategy is called the Iron Condor using Nadex GBP/USD Spreads which are a derivative of the underlying GBP/USD market. You want your Iron Condor to have a profit potential of $35 or more. Put your trade on right before bed by entering as early as 11:00 PM ET for a 7:00 AM ET expiration. The trade can be left on until expiration.

70 Pips In Movement And Still A 1:1 Max Risk Reward Ratio With This Strategy

Try to buy your lower spread for around $17 or more and to sell your upper spread for around $17 or more. This will get you a profit potential of $35 or more, which is the recommendation based on consistent market moves after releases of this report over the last 12 - 24 release dates. The market can move 70 pips in one direction and not pull back and still be within a 1:1 max risk reward ratio with this Iron Condor strategy. However, the market usually reacts to the report and then pulls back. The closer to the center, between the two spreads the market pulls back, the greater your profit.

To learn more about the Iron Condor strategy and how to use it for trading the news, visit www.apexinvesting.com is open for trading from 49 different countries and also has Binaries available to trade on a variety of markets.