Number Of 'Home Sweet Homes' Sold Can Mean Trade Opportunity

There are scheduled news events throughout the year and some that come out monthly. An annualized number of existing home sales for the previous month is one of them.

This includes all residential buildings and excludes new construction. When markets react consistently after several news releases in a row, then that can be an opportunity for a trade setup.

This event will occur on Monday, June 22, 2015 at 10:00 AM. If the number released is higher than expected then it’s good for currency. Using Nadex EUR/USD Spreads you can set up an Iron Condor strategy.

Nadex stands for North American Derivatives Exchange and offers Spread and Binary derivatives to trade. Nadex is an exchange based in the US and is regulated by the CFTC. However, you can trade Nadex from 49 different countries!

Initial Profit Potential of $30 Or More Or No Trade

To set up your Iron Condor strategy, you want to buy a lower spread and sell an upper spread. The ceiling of the lower spread and the floor of the upper spread should meet together and be where the then current underlying market is trading.

It is important to have this set up and to have a profit potential of $30 or more for this trade. If either is not possible, then don’t force the trade. You can enter as early as 9:00 AM for an 11:00 AM expiration.

Frequently Markets Initially React And Then Pull Back

Frequently after news events, markets will react but then pull back and often to where they started from. It was found that this is also the case with this report which makes the Iron Condor an excellent strategy for this trade.

The EUR/USD makes a move and then pulls back. If the market pulls back to where it started from when you were placing your trade, then your trade can make max profit. The trade can be left on until expiration giving it maximum time to play out.

For every pip away from the center of your spreads the market comes, then that is $1 less from profit. Although with this setup the market can move up to 60 pips, maintain at that price and you will still have a 1:1 max risk reward ratio.

For a thorough example of an Iron Condor trade, see The Awesomeness Of The Iron Condor.

To have a full calendar of news events to trade along with strategies go to www.apexinvesting.com.