Successful Trades on June 17, 2013

Trades Placed by optionFair

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “The interesting thing about this pair is the fact that we have three hammers in a row, at the top of a move higher. This is typically a very significant sign, and it shows of the market is truly trying to breakout to the upside against some relatively strong force”. This indicates an investment opportunity with 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 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 (10:07) was 1.33248 for the expiry of 10:15. The asset closed on 1.33280 and I made $1344.

GBP/USD

Christopher Lewis stated in his analysis of the GBP/USD that, “…we formed a nice looking hammer at the top of the recent and significant move higher. Because of this, I believe that the market is primed to go higher”. This indicates investment opportunity in the following positions: “High”, “Touch” and “No Touch”.

With OptionFair’s trading platform, I traded $1700 using the “Touch” instrument. This kind of option has a potential return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1224 on my investment.

The market price for the GBP/USD at the buying time (10:06) was 1.57031 and the target price was 1.57089 for the expiry of 10:45. The asset touched my target price at 10:35 and I made $1224.