Successful Trades on May 21, 2013

Trades Placed by optionFair

EUR/GBP

Christopher Lewis stated in his analysis of the EUR/GBP that; “Nonetheless, this pair has been selling off drastically over time, and I do believe that momentum is building for a move lower”. This indicates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch”.

I logged onto the OptionFair trading platform and I traded $1600 on the "Low" instrument. This kind of option has a potential return of 70% if the option will close below 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/GBP at the buying time (10:21) was 0.84584 for the expiry of 10:30. The asset closed on 0.84574 and I made $1120.

AUD/USD

Christopher Lewis stated in his analysis of the AUD/USD that: “Granted, we did bounce from the very lows of the larger consolidation area, but I suspect with the massive move that we have seen down over the last couple of weeks, that there is a real momentum to the downside and there are a lot of people that would love to get short of this pair given half a chance”. 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 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 (10:30) was 0.98221 and the target price was 0.98168 for the expiry of 11:00. The asset touched my target price at 10:38 and I made $1190.