EUR/USD and EUR/JPY - Trades Executed on September 21, 2011

Trades Placed by OptionFair

EUR/USD

Based on Doug’s analysis of the EUR/USD, The weakness in the USD creates an investment opportunity in the following positions: “High” or “Above”, “Touch” or “No touch down” on the EUR/USD.

 With OptionFair™ binary options trading platform, I traded $1000 on the “Touch” instrument. This kind of option has a return of 77% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1770 on my investment. The market price for EUR/USD at the buying time (11:26) was 1.36565 and the target price was 1.36713. The EUR/USD price hit the strike price in 25 minutes, and I won the position, earning $770.



EUR/JPY

Since the EUR is reflecting dovish signs “Low” and “No Touch” positions on the EUR/JPY may gain profits. With OptionFair™ binary options trading platform, I traded $1000 on the “No Touch” instrument. This kind of option has a return of 72% if the option expires “in the money”, so if the signal is correct, I should see a return of $1720 on my investment. The market price for EUR/JPY at the buying time (11:58) was 104.448 and price target was 104.541. In order to win the position, the option must expire beneath target price. Although the option was moving on the right direction, I’ve chose to close the option prior to expiry time and collect some of the profits. On this particular case I’ve earned over 12% of my profit in less than 4 minutes.