Successful Trades on Jan 16, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY: “A pullback is desperately needed… most of these pairs are simply overextended at this point and need to pullback in order to attract new buyers”. This indicates an investment opportunity with the following positions: “Low”, “No Touch” and “Touch ”.

I logged onto the optionFair binary options trading platform and traded $1600 on the "Low" instrument. This kind of option has a potential return of 65% if the option closes below the target price, which means that if the signal is correct I could get a return of $1040 on my investment.

The market price for USD/JPY at the buying time (10:26) was 88.053 for the expiration of 10:45. The asset closed on 87.868 and I made $1040.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD, “I'm getting bullish of this pair again”. That creates an investment opportunity on the instruments: “High”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and I 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 (11:10) was 1.32672 and the target price was 1.32718 for the expiration of 11:30. The asset touched my target price at 11:13 and I made $1309 in just 3 minutes!