Successful Trades on Feb 11, 2013

Trades Placed by optionFair

USD/CAD

Christopher Lewis stated in his analysis of the USD/CAD that, “This is classic breakout and retest technical analysis, and as a result it does look like a very bullish pattern…there seems to be a strengthening US dollar around the markets anyways, so I do believe that we are about to see strength in this pair”. This indicates an investment opportunity with 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 potential return of 81% if the option will close above the target price, which means that if the signal is correct I could get a return of $1296 on my investment.

The target price for USD/CAD at the buying time (10:09) was 1.00577 for the expiry of 10:15. The asset closed on 1.00593 and I made $1296 in less than 10 minutes!

GBP/USD

Christopher Lewis stated in his analysis of the GBP/USD that, “Going forward, selling the rally is in this pair is probably going to be the most profitable strategy”. This indicates an investment opportunity on the instruments: “High”, “Touch” and “No Touch down”.

I logged in the optionFair binary options trading platform and traded $1700 on the “Touch” instrument. This kind of option has a possible return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1224 on my investment.

The market price for the GBP/USD at the buying time (10:07) was 1.57678 and the target price was 1.57610 for the expiry time of 10:45. The asset touched my target price at 10:11 and I made $1224 in just 4 minutes!