ADP To Release Non-Farm Employment Change: Trade Opportunity

ADP provides Human Capital Management Resources comprehensively on a global level.

As such, they are perfectly positioned to give an estimated number of employed people during the previous month, excluding the farming industry and government.

This kind of report is good for trading Nadex EUR/USD spreads with an Iron Condor setup. The ADP Non-Farm Employment Change will be released at 8:15 AM ET, Wednesday, September 30, 2015.

An Iron Condor setup is good when the market will move, but pull back to stay in a range or make a full pull back to where it was before a news release. You would enter around 7:00 PM ET for the release at 8:15 AM ET with expiration at 9:00 AM ET.

Sell a spread above where the EUR/USD is trading at the time but have the floor of your spread at market. Also, buy a spread below where the EUR/USD is trading at the time and have the ceiling of this spread at market.

Profit Potential Is $30 Or More Combined Between Spreads

The profit potential you want for your Iron Condor is $30 or more. You can easily sort through to find your desired spreads for this trade using the spread scanner.

The contracts will be listed in the middle of the scanner with the floor being the number on the left and the ceiling being the number on the right. First, find spreads with the right ceiling and floor.

Then be sure those spreads offer the right profit potential by looking to the risk/reward red and green bars on your sell and buy spreads. For an example of the spread scanner, see the image below.

To view larger image click HERE.

The green bar in the risk/reward area will show you your profit potential at the time of entry. You want a combined profit potential of $30 or more.

Once the report is released, it has been found based on market moves from previous reports, that the market moves and then tends to pull back. The closer it pulls back to the center between your spreads the greater your profit potential.

The advantage to the Iron Condor strategy is that the market doesn’t have to move at all for it to profit. It can remain where it is and make full profit.

For this trade with this combined profit potential, depending on your entries, the market can move 30 pips up or down and be breakeven. The market can actually move 60 pips up or down and the trade will have a 1:1 risk reward ratio.

To access the spread scanner and learn more about the Iron Condor strategy or other strategies and to learn more about Nadex, visit www.apexinvesting.com.