Successful Trades on Jan 14, 2013

Trades Placed by optionFair

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD, “ It is very possible that this could be the beginning of another leg higher…We could be seeing a move all the way to 1.50 before it’s said and done.” This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.

I logged onto optionFair’s trading platform and traded $1500 on the "High" instrument. This kind of option has a potential return of 85% if the option closes above the target price, meaning that if the signal is correct I could get a return of $1275 on my investment.

The target price for EUR/USD at the buying time, 10:08, was 1.33574 for the expiry of 10:15. The asset closed on 1.33588 and I made $1275 in less than ten minutes.

USD/CAD

Christopher Lewis stated in his analysis of the USD/CAD that, “This should be a fairly explosive move to the downside. In fact, I think we will see 0.95 much quicker than many of you expect.” This indicates an investment opportunity through the instruments: “Low”, “No Touch” and “Touch”.

I logged onto the optionFair trading platform and traded $1700 on the "Touch" instrument, and selected down. This kind of option has a possible return of 66% if the option touches the target price prior to expiry, which means that if the signal is correct I could get a return of $1122 on my investment.

The market price for USD/CAD at the buying time, 11:10, was 0.98364 and the target price was 0.98335 for the expiry time of 11:45. At 11:24 the market hit my target price and I made $1122 in 14 minutes!