Numbers On New Single Family Homes Sold Make For Trade Friday

Friday, July 24, 2015 the Census Bureau will release the annualized number for new single-family homes that were sold during the previous month. Home sales trigger rippling effects throughout the economy from new appliances and furniture purchased to mortgage financing. This report can sometimes be called New Residential Sales. The previous annualized reported month was 546K homes. For this report it is forecast at 543K homes. If actual is greater than forecast, that is good for currency.

For this report it is recommended to trade Nadex EUR/USD Spreads with an Iron Condor strategy. This strategy is great for when you don’t know which direction the market will go, and when the market may react but will most likely pull back, or not move far, or not move at all! Yes, you can actually profit with this strategy even if the market goes nowhere.

Trading Spreads You Won’t Lose Past The Ceiling Or Floor

To set it up you trade two spreads and you put them on at the same time. Spreads have a floor and a ceiling. You can’t profit or lose past the floor or the ceiling depending on if you sold or bought them. For an Iron Condor you will buy the bottom spread and sell the top spread. The lower spread’s ceiling and the top spread’s floor will meet right where the market is trading at the time. This report is due to be released at 10:00 AM ET, Friday, July 24, 2015 therefore, put your spreads on at 9:00 AM with expirations at 11:00 AM. Profit potential should be $30 or more. If any of those parameters aren’t able to be met then don’t take the trade. The Iron Condor needs the right setup in order to have the high probability to profit.

In The Middle Between The Spreads Is Where You Want The Market

After the news is released the market tends to make its move. Then the market will normally pull back. Or, it may not move at all and stay in the general area where it started. In either case that is what you are looking for. The closer the market is to where the ceiling and floor of your two spreads meet, the greater your profit.

To see a complete example of an Iron Condor trade read The Awesomeness Of An Iron Condor. Apex Investing news department puts together a full calendar of news events to trade along with strategies. To see this free feature, go to www.apexinvesting.com. Nadex spreads can be traded from 49 different countries.