By Darrell Martin
The Consumer Price Index and Core Consumer Price Index for the US will be released Friday, August 11, at 8:30 AM ET. This news can create some movement in the market, which can make for a high probability trade with the right strategy and profit potential.
Using Nadex EUR/USD spreads and an Iron Condor strategy, the profit potential to aim for is $25 or more combined for the trade. This is based on previous market moves to numerous past news releases. To easily find spreads that meet the parameters, use the Apex Spread Scanner Pro designed specifically for scanning through numerous Nadex markets and spreads. Filters narrow down the markets to EUR/USD and expiration time to 10:00 AM ET. Entry can be as early as 8:00 AM ET. Each spread should have a minimum reward potential of $12 - $13 for a combined amount of $25 or more. See below for an image of the scanner.
The scanner makes trading spreads uncomplicated for any strategy, simple or advanced. After placing the setup, stops can be positioned 50 pips above and below from where the market was at entry. This keeps the risk to a 1:1 risk reward ratio point. Having bought below and sold above the market, the trade will profit more the closer the market settles to where it was at entry.