Successful Trades on May 16, 2013

Trades Placed by optionFair

CAD/JPY

Christopher Lewis stated in his analysis of the CAD/JPY that, “This market looks like one that has recently broken out of an ascending triangle, and as a result should continue to see bullishness going forward”. This indicates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.
I logged in the OptionFair trading platform and traded $1600 on the "High" instrument. This kind of option has a potential return of 81% if the option will close above the target price, which means that if the signal is correct I could get a return of $1296 on my investment.
The target price for CAD/JPY at the buying time (10:33) was 100.570 for the expiry of 10:45. The asset closed on 100.604 and I made $1296.

AUD/USD

Christopher Lewis stated in his analysis of the AUD/USD that, “…we did bounce enough to form a hammer, and this of course leads me to believe that we could see a bounce in the relatively near term”. This indicates an investment opportunity on the instruments: “High”, “Touch” and “No Touch”.

I logged onto the OptionFair trading platform and I traded $1700 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 $1190 on my investment.

The market price for the AUD/USD at the buying time (11:07) was 0.98072 and the target price was 0.98121 for the expiry of 11:30. The asset touched my target price at 11:09 and I made $1190 in 2 minutes.