Successful Trades on Feb 4, 2013

Trades Placed by optionFair

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “The pair has been on a tear lately, and there is absolutely nothing to suggest that the market is about to turn back around for anything substantial”. That creates an investment opportunity in 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 85% if the option touches the strike price prior to the 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 (10:11) was 1.36026 and the target price was 1.36099 for the expiry of 10:45. The asset touched my target price at 10:24 and I made $1309.

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “The pair has been brutally bullish lately, and I see no reason to think this is going to change”, the following positions create an investment opportunity: “High”, “Touch” and “No Touch”.

I logged on the OptionFair binary options trading platform and traded $1600 on the "High" instrument. This kind of option has a potential return of 75% if the option closes above the target price, which means that if the signal is correct I could get a return of $1200 on my investment.

The market price for USD/JPY at the buying time (10:02) was 92.716 for the expiration of 10:10. The asset closed at 92.754 and I made $1200.