Successful Trades on April 2, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “I simply see this market going higher over the long term”. This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.

I logged onto the OptionFair trading platform and traded $1500 with 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 $975 on my investment.

The target price for USD/JPY at the buying time (10:08) was 92.895 for the expiry of 10:15. The asset closed on 92.923 and I made $975 in less than ten minutes.

AUD/USD

Christopher Lewis stated in his analysis of the AUD/USD: “I think it's only a matter time before that the 1.05 level gets broken and we continue much higher… I do have an upward bias in this market”. This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.

I logged onto the OptionFair trading platform and I traded $1600 on the “Touch” instrument, selecting the ‘Up’ button. 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 $1120 on my investment.

The market price for the AUD/USD at the buying time (10:39) was 1.04496 and the target price was 1.04523 for the expiration of 11:00. The asset touched my target price at 10:55 and I made $1120.