Successful Trades on May 30, 2013

Trades Placed by optionFair

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “Think of it this way: we are in the bottom half of the larger consolidation area”. 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 possible return of 84% if the option will close above the target price, which means that if the signal is correct I could get a return of $1344 on my investment.

The target price for EUR/USD at the buying time (11:00) was 1.29614 for the expiry of 11:10. The asset closed on 1.29634 and I made $1344.

AUD/USD

According to Christopher Lewis analysis of the AUD/USD: “I believe that this market will continue lower” and “The Australians have been complaining about an overly inflated Aussie dollar, and it looks like they are now getting their wish as the value should continue to fall over time”. 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 ‘down’. 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 (10:46) was 0.96715 and the target price was 0.96676 for the expiry of 11:00. The asset touched my target price at 10:55 and I made $1190.