Trades placed by optionFair
EUR/USD
Following Christopher Lewis’s analysis has definitely led me down the right path on more than a few occasions and today is no different. According to Lewis, he “will be selling the pair in the near future” – a perfect opportunity to take advantage of the “Low”, “No Touch” and “Touch Down” instruments.
Using optionFair (been my go-to binary options platform for quite some time), I traded $1400 on the “Touch Down” instrument. The option included a return of 77% if the strike price is hit prior to expiry, which means that I will be seeing a return of $1,078 on my investment.
The market price for the EUR/USD pair was 1.31487 when I bought the option (12:59). My target price was 1.31419 with expiration set to 13:30. Luckily, it took 5 minutes (13:04) for the pair to touch the strike price, rendering me $1,078 richer.
USD/JPY
The USD/JPY is one of my favorite pairs to trade with, especially when I’m following Christopher Lewis’s advice (I tend to win that way). According to the analysis, the pair is heading up – the ideal situation for the “High”, “No Touch Down” and “Touch” instruments.
I logged on to my binary options account (currently on optionFair – no complaints) and traded $1,250 using the “High” option at precisely 12:17. The return was indicated as 80% - a nice round profit of $1,000 if the option expires above the strike price of 81.451.
Expiration came at 12:47 with a market price of 81.551 – well above my strike price and more than enough for another $1,000 to grace my account!
