Successful Trades on Nov 29, 2012

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY; “I'm already long of this market, and am looking for reasons to become even more so. During the Wednesday session, I may have gotten that signal”. This indicates a possible investment opportunity using the instruments: “High”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $1600 on the "High" instrument. This kind of option has a return of 67% if the option will close above the target price, which means that if the signal is correct I could get a return of $1072 on my investment.

The target price for EUR/USD at the buying time (10:31) was 82.132 for the expiration of 10:45. The asset closed on 82.142 and I made $1072.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD; “Because of this, I am actually trading this market (when I actually have to) using binary options … I do think that overall the market is slightly bullish”. This indicates an investment opportunity in the following positions: “High”, “Touch” and “No Touch”.

With optionFair’s trading platform, I traded $1500 with 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 $1155 on my investment.

The market price for the EUR/USD at the buying time (11:07) was 1.29735 and the target price was 1.29778 for the expiry time of 11:30. The asset touched my target price at 11:24 and I made $1155 in under a half an hour.