Successful Trades on Feb 7, 2013

Trades Placed by optionFair

NZD/USD

Christopher Lewis stated in his analysis of the NZD/USD, “I can see a nice looking hammer at the lows… I have absolutely no plans to sell this pair right now”. This indicates an investment opportunity on the instruments: “High”, “Touch” and “No Touch”.

I logged onto the OptionFair binary options trading platform and I traded $1600 on the "High" instrument. This kind of option has a potential return of 80% if the option will close above the target price, which means that if the signal is correct I could get a return of $1280 on my investment.

The market price for NZD/USD at the buying time (10:39) was 0.83622 for the expiry of 10:45. The asset closed on 0.83631 and I made $1280.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “The trend is most certainly up in the Euro, and as a result I can only buy this pair going forward.” This indicates an investment opportunity in the following positions: “High”, “Touch” and “No Touch”.

With OptionFair binary options trading platform, I traded $1700 on the “Touch” instrument. This kind of option has a 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 (11:37) was 1.35622 and the target price was 1.35669 for the expiration of 12:00. The asset touched my target price at 11:44 and I made $1309 in 7 minutes!