Successful Trades on Mar 7, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “this pair will eventually break through the 95 handle, and run towards the 100 handle… at this point in time I only buy this pair”. This indicates an investment opportunity on 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 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 (10:54) was 93.923 for the expiry of 11:00. The asset closed on 93.931 and I made $1040.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “And by far, I believe the easiest way to trade this market is to simply sell rallies.” That creates an investment opportunity with the instruments: “Low”, “No Touch” and “Touch”.

I logged onto the OptionFair trading platform and traded $1700 on the “Touch” instrument, selecting ‘down’. 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 (10:46) was 1.30281 and the target price was 1.30225 for the expiry of 11:00. The asset touched my target price at 10:59 and I made $1309.