Successful Trades on Apr 17, 2013

Trades Placed by optionFair

EUR/JPY

Christopher Lewis stated in his analysis of the EUR/JPY that, “…right now I think this is more or less a short-term traders market. This is because there is going to be a bit of choppiness just above, so I am essentially waiting for this pair to pull back on a short-term chart, and simply start buying”. This indicates 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 potential 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 EUR/JPY at the buying time (10:25) was 129.544 and the target price was 129.631 for the expiry of 10:45. The asset touched my target price at 10:4627 and I made $1224 in 2 minutes.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “I think that a break of the highs from the Tuesday session is a very bullish sign, and enough to get me buying”, the following positions indicates an investment opportunity with several 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 85% if the option closes above the target price, which means that if the signal is correct I could get a return of $1360 on my investment.

The market price for EUR/USD at the buying time (10:32) was 1.31785 for the expiry of 10:40. The asset closed at 1.31796 and I made $1360.