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The Importance Of Waiting For The Right Parameters

Automatic Data Processing, Inc. (ADP) will release the US ADP Non-Farm Employment Change, the estimated change of employed people for the previous month.

However, this number will exclude farming and government employed people. The number is the released Wednesday, September 2, 2015 at 8:15 AM ET, and will make for a trade opportunity using Nadex Spreads.

If you don’t know about Nadex, it’s an exchange based out of Chicago and lists capped risk derivatives such as binaries and spreads on a variety of global financial markets. This trade tip is for the EUR/USD, more specifically, to trade two Nadex EUR/USD Spreads.

Release Is At 8:15 And Entry Is 7 AM ET

Since the reports are scheduled for release at 8:15 AM ET, your entry time is 7:00 AM ET for 9:00 AM ET expirations. The strategy is an Iron Condor...