Market Overview

Evening News Trade Opportunity With Release of Aussie Employment News


The Australian Employment Change and Unemployment Rate numbers are scheduled for release Wednesday at 9:30 ET PM. This is a trading opportunity for right after work at 6:00 PM ET, entering an Iron Condor using Nadex AUD/USD spreads with 11:00 PM ET expirations.

The strategy is setup to capture profit after the market has reacted to the news event, made its move, and is pulling back. One could buy a spread below the market with the ceiling where the market is trading at the time, and sell a spread above the market with the floor being where the market is trading at the time. The profit potential is $35 or more combined between the spreads.

Risk can be contained using stop limit orders from the spread scanner. To keep risk to a maximum of $35, stops should be placed 70 pips above and below the entry point. This will keep risk to a manageable 1:1 risk/reward ratio. It leaves a range of 140 pips for the market to move around.

The advantage to spreads is the defined capped risk, unlike trading spot forex with unlimited risk. The stop limit orders add another level of risk management.

Posted-In: Binary Options News Education Eurozone Futures Commodities Options Forex


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