Successful Trades on May 13, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY, “…it appears that the breakout is legitimate now, especially considering the Friday saw more in the way of bullishness. When you measure the ascending triangle, it appears that we are going to hit the 104 level first”. This indicates 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 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 $1120 on my investment.

The target price for USD/JPY at the buying time (10:09) was 101.576 for the expiry of 10:15. The asset closed on 101.597 and I made $1120.

AUD/USD

Christopher Lewis states in his analysis of the AUD/USD: “Now that we have broken down, you would think that it's a simple short sell”. This indicates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch”.

I logged onto the OptionFair trading platform and traded $1700 on the “Touch” instrument, selecting the ‘down’ 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 $1190 on my investment.

The market price for the AUD/USD at the buying time (10:21) was 0.99987 and the target price was 0.99932 for the expiry of 11:00. The asset touched my target price at 10:23 and I made $1190 in two minutes.