Trades placed by optionFair
EUR/USD
Christopher Lewis stated in today's analysis of the EUR/USD that, “In fact, this is the second hammer in a row, which is a very strong buy signal as far as I can tell”. This indicates an investment opportunity with the following positions: “High”, “Touch” and “No Touch”.
I logged onto OptionFair’s trading platform and traded $1,700 on the “Touch” instrument. 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 was correct, I could get a return of $1,309 on my investment.
The market price for the EUR/USD at the buying time (10:08) was 1.30465 and the target price was 1.30527 for the expiry of 10:45. The asset touched my target price at 10:11 and I made $1309 in 3 minutes.
USD/JPY
Christopher Lewis stated in his analysis of the USD/JPY that, “That being said, I think this market should continue to go higher, because the Bank of Japan will make sure that it does sooner or later”. This creates an investment opportunity with the instruments: “High”, “Touch” and “No Touch”.
I logged onto the OptionFair trading platform and traded $1,600 on the "High" instrument. This kind of option has a potential return of 70% if the option will close above the target price, which means that if the signal was correct I could get a return of $1,120 on my investment.
The target price for USD/JPY at the buying time (09:56) was 99.402 for the expiry of 10:10. The asset closed on 99.465 and I made $1,120.
