Reports Of The Aussies Employed And Unemployed Provide After Work Trade Opportunity For US

Employment and unemployment are always important factors for economies and for the markets and traders as well. Wednesday evening at 8:30 PM ET, October 14, 2015, the Australian Bureau of Statistics will be releasing the latest numbers for employed and unemployed people and those seeking unemployment benefits. This means there is a trade opportunity at 6:00 PM ET trading Nadex AUD/USD spreads with 11:00 PM ET expirations.

If you work daytime hours, then this is a perfect trade for after work. To set it up, you want to buy a lower spread with the ceiling where the market is trading at the time and sell an upper spread with the floor where the market is trading at the time. This kind of setup is an Iron Condor meant to profit when the market makes a move and then pulls back to where it started, or when the market just stays in a range. Many times on scheduled news events such as this, the market tends to respond with an initial move as a reaction but then pull back to where it started.

To view larger image click HERE.

The profit potential you want to set up for is $35 or more. You can use the spread scanner available by Apex to easily, at a glance, scan through the available spreads and pick the best ones. You can see an example of the spread scanner above. Find the spreads listed in the center with the right ceiling and floor requirements as mentioned above and then check the Risk/Reward area on the sell spread and the buy spread. The combined profit or reward between both spreads should be $35 or more. If you want the possibility of more profit, you can add more spreads to your trade. Just be certain to have the same number of spreads on both sides of your Iron Condor to keep risk in balance.

For this setup, you want to be sure to put stop triggers on. The breakeven point will be if the market moves up or down approximately 35 pips depending on your entry prices. The 1:1 risk reward ratio is up or down approximately 70 pips, again depending on your exact entry prices. Once one side is profitable you can take profit on that side. You can also keep the other side on, giving it time to profit. The closer to the ceiling and above the greater your profit potential on your bought spread will be. The closer to the floor and below, the greater the profit potential you will see on your sold spread.

For a complete calendar of scheduled news trades and strategies to trade them, visit www.apexinvesting.com.