Successful Trades on June 4, 2013

Trades Placed by optionFair

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “The Bank of Japan is still working against the value of the Yen, and as a result I think that eventually we will get that bounce, or the bullishness returning to the market. I should also mention the fact that we are essentially flirting with the uptrend line.” This indicates an opportunity on the following instruments; “High”, “Touch up” and “No Touch Down”.

I logged in the OptionFair trading platform and I traded $1600 on the "High" instrument. This kind of option has a potential return of 70% if the option closes above the target price. This means that if the signal is correct I could get a return of $1120 on my investment.

The market price for USD/JPY at the buying time (12:29) was 100.229 for the expiry of 12:40. The asset closed on 100.231 and I made $1120.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “I believe that we have just entered a different lane, and now will bounce around in that area.” This creates an investment opportunity in the following positions: “High”, “Touch” and “No Touch”.

On the OptionFair trading platform, I traded $1000 on the “Touch” instrument. This kind of option has a potential return of 77% if the option touches the strike price prior to the expiry, which means that if the signal is correct, I could get a return of $770 on my investment.

The market price for the EUR/USD at the buying time (12:20) was 1.30774 and the target price was 1.30834 for the expiry of 12:45. The asset touched my target price at 12:38 and I made $770.