Successful Trades on Apr 24, 2013

Trades Placed by optionFair

EUR/JPY

Christopher Lewis stated in his analysis of the EUR/JPY that, “This market has been extraordinarily bullish lately, so a move above that level isn't necessarily asking much”. That creates 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 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 $1120 on my investment.

The target price for EUR/JPY at the buying time (11:00) was 128.887 for the expiry of 11:10. The asset closed on 129.045 and I made $1120.

AUD/USD

Christopher Lewis stated in his analysis of the AUD/USD that, “Going forward, I fully expect to be buying, as this area just below has been so reliable”. This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.

I logged in the OptionFair binary options trading platform and traded $1700 with the “Touch” instrument, selecting ‘Up’. This kind of option has a potential return of 70% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1190 on my investment.

The market price for the AUD/USD at the buying time (10:49) was 1.02465 and the target price was 1.02481 for the expiry of 11:00. The asset touched my target price at 10:50 and I made $1190 in one minute.