Successful Trades on May 28, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “Because of that, I am not only long of it now, but will be adding every time we get like this”. This indicates an investment opportunity on 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 possible 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 (09:58) was 101.987 for the expiry of 10:10. The asset closed on 102.089 and I made $1120.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “I have seen signs that we are settling down into a range again. I would love to see this; to simply put it is the easiest market to trade. We simply sell it the top, and buy at the bottom”. This indicates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch”.

I logged into the OptionFair trading platform and traded $1700 on the “Touch” instrument, selecting ‘down’. This kind of option has a potential return of 77% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1309 on my investment.

The market price for the EUR/USD at the buying time (10:12) was 1.29096 and the target price was 1.29021 for the expiry of 10:45. The asset touched my target price at 10:20 and I made $1309.