Successful Trades on August 19, 2013

By: DailyForex.com

EUR/GBP

According to Christopher Lewis analysis of the EUR/GBP, “But what it does tell me is that there is probably going to be continued weakness in this market, at least the next 24 hours”. That creates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch down”.

I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "Low" instrument. This kind of option has a return of 70% if the option will close below the target price, which means that if the signal is correct I could get a return of $1120 on my investment.

The market price for EUR/GBP at the buying time (10:32) was 0.85259 for the expiration of 10:40. The Asset closed on 0.85256 and I made $1120.

EUR/USD

Based on Christopher Lewis analysis of the EUR/USD, “so it doesn't surprise me that we might see a little bit of a pullback from here” and “so the short-term trader might be able to sell here looking for a slight pullback” .That creates an investment opportunity in the following positions: “Low”, “No Touch” and “Touch Down”.

With optionFair™ binary options trading platform, I traded $1700 on the “Touch Down” instrument. This kind of option has a 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 (10:37) was 1.33311 and the target price was 1.33257 for the expiration of 11:00. The Asset touched my target price at 10:44 and I made $1309.