Successful Trades on Nov 12, 2012

Trades Placed by optionFair

EUR/USD

Christopher Lewis states in his analysis of the EUR/USD; “I am more bearish of this pair than ever…the bias is most certainly shifting to the downside yet again”. This creates a possible investment opportunity using the instruments: “Low”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $1200 using the "Touch" instrument. This kind of option has a return of 77% if the option touches the target price prior to expiry, meaning that if the signal is correct I could get a return of $924 on my investment.

The target price for EUR/USD at the buying time, 10:48, was 1.27053 for the expiry time of 11:00. The asset closed on 1.27050 and I made $924 in under a half an hour.

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that; “I am much more comfortable buying than selling on the whole." This suggests an investment opportunity with the following positions: “High” and “Touch” on the USD/JPY.

With optionFair’s trading platform, I traded $1200 using the “High” instrument. This kind of option has a return of 67% if the option will close above the target price, meaning that if the signal is correct, I could get a return of $804 on my investment.

The market price for the USD/JPY at the buying time, 11:12, was 79.475 and the target price was set for the expiration of 11:30. The asset closed on 79.500 and I made $804 in under a half an hour.