A Strategy For UK Pricing Reports
Monday evening, as early as 11:00 PM ET, one can enter a trade in preparation for some early morning news being released Tuesday, March 22, 2016 at 5:30 AM ET. The Office for National Statistics in the UK will release seven different pricing reports including production, consumer, and housing. Based on previous releases and market reaction, it was found an Iron Condor strategy looking for a combined profit potential of $35 is a high probability trade.
The Market Can Go In Either Direction For This Strategy
The Iron Condor is a neutral strategy, great for when it is unknown which direction the market may move and effective for the market that moves and pulls back, ranges or doesn’t move at all. The object is to find two spreads.
One can buy a Nadex GBP/USD spread below the market but with the ceiling where the market is trading at the time, and sell a Nadex GBP/USD spread above the market but with the floor where the market is trading at the time.
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