Successful Trades on Apr 23, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “This market should continue much higher”. This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.

I logged onto the OptionFair binary options trading platform and I traded $1500 on the "High" instrument. This kind of option has a potential return of 70% if the option will close above the target price, which means that if the signal is correct I could get a return of $1050 on my investment.

The target price for USD/JPY at the buying time (10:51) was 98.607 for the expiry of 11:00. The asset closed on 98.644 and I made $1050.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that; “It would take a significant close below the 1.30 handle in order for me to start shorting this pair, and quite frankly if I see the Euro lose strength I will look to sell it”. That creates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch”.

I logged onto the OptionFair trading platform and traded $1600 on the “Touch” instrument, selecting ‘down’. 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 (11:50) was 1.29853 and the target price was 1.29798 for the expiration of 12:15. The asset touched my target price at 12:09 and I made $1232.