Successful Trades On May 8, 2013

Trades placed by optionFair

EUR/JPY

According to Christopher Lewis analysis of the EUR/JPY, “Going forward, I think that eventually the 131 level will get broken above, and the fact that the market is so strong going forward, I think that we will see a move towards the 135 handle at first, and perhaps even much higher levels”. That creates an investment opportunity on the instruments: “High”, “Touch” and “No Touch down”.

I logged in the OptionFair™ binary options trading platform and I 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 (09:51) was 129.584 for the expiration of 10:00. The Asset closed on 129.615 and I made $1120.

AUD/USD

According to Christopher Lewis analysis of the AUD/USD: “However, I look at this chart and do recognize the fact that a bullish move from here would be very difficult to do”. That creates an investment opportunity on the instruments: “Low”, “No Touch up” and “Touch down”.

I logged in the OptionFair™ binary options trading platform and I traded $1700 on the “Touch Down” instrument. This kind of option has a 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 (10:31) was 1.02011 and the target price was 1.01973 for the expiration of 11:00. The Asset touched my target price at 10:42 and I made $1190.