Check Out The Australian Producer Price Numbers Tonight
The Iron Condor strategy, using Nadex spreads, allows the market to move any one of three ways to profit. The market cannot move at all, staying right where it is and the trade will profit. Or, the market can stay in a range or move and pull back and as long as it is between the breakeven points at settlement, the trade will profit.
Thursday, April 28, 2016, at 7:30 PM ET, the Australian Producer Price Index and Private Sector Credit news and numbers will be released. After tracking market reaction after 12 months of trades, it was found that the market tends to make a move and pull back, which is a good setup for the Iron Condor strategy.
Entering two Nadex AUD/USD spreads, one can buy the first one below the market but with the ceiling trading where the market is at the time, and they can sell the second one above the market but with the floor trading where the market is at the time.
Each spread should have a profit potential of $15 or more, for a combined potential of $30 or more.
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