Successful Trades on Mar 12, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “The pair should continue to be a ‘one-way’ ride higher, with the occasional pullback on the way to at least 100, and more than likely much, much higher”. This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.

I logged in the OptionFair trading platform and traded $1600 on the "High" instrument. This kind of option has a possible return of 65% if the option will close above the target price, which means that if the signal is correct I could get a return of $1040 on my investment.

The target price for USD/JPY at the buying time (10:32) was 96.150 for the expiry of 10:40. The asset closed on 96.170 and I made $1040.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “This pair will continue to be plagued by problems.” This indicates an investment opportunity with the instruments: “Low”, “No Touch” and “Touch”.

I logged in the OptionFair binary options trading platform and I traded $1600 on the “Touch down” instrument. This kind of option has a potential 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 $1232 on my investment.

The market price for the EUR/USD at the buying time (10:13) was 1.30058 and the target price was 1.30008 for the expiration of 10:45. The asset touched my target price at 10:21 and I made $1232 in 8 minutes.