Successful Trades on Dec 18, 2012

Trades Placed by optionFair

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “as a result I think that buying this pair as long as we stay above the 1.3150 level is the prudent thing to do… Because of this, I have an upward bias in this pair.” This indicated an investment opportunity with the following positions: “High”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $1700 on the “Touch” instrument. This kind of option has a possible 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 $1309 on my investment.

The market price for the EUR/USD at the buying time (10:20) was 1.31582 and the target price was 1.31636 for the expiry time of 11:00. The asset touched my target price at 10:40 and I made $1309.

USD/CAD

Christopher Lewis stated in his analysis of the USD/CAD; “We've been in a downtrend for quite some time, so this of course makes sense and is the easiest trade to take”. That creates an investment opportunity with the instruments: “Low”, “No Touch” and “Touch”.

I logged onto the optionFair trading platform and I traded $1600 on the "Low" instrument. This kind of option has a potential return of 81% if the option closes below the target price, which means that if the signal is correct I could get a return of $1296 on my investment.

The market price for USD/CAD at the buying time (09:34) was 0.98400 for the expiration of 09:45. The asset closed on 0.98396 and I made $1296 in less than 20 minutes.