Successful Trades on Jan 29, 2013

Trades Placed by optionFair

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “We will eventually break above the all-important 1.35 resistance level… the Euro should win by default”. That indicates an investment opportunity in the following positions: “High”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $1500 on the “Touch” instrument. This kind of option has a possible return of 85% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1155 on my investment.

The market price for the EUR/USD at the buying time (10:13) was 1.34392 and the target price was 1.34458 for the expiration of 10:45. The asset touched my target price at 10:19 and I made $1155 in 6 minutes!

EUR/GBP

Christopher Lewis stated in his analysis of the EUR/GBP: “It looks like we are beginning the next leg higher… I fully expect this pair to continue to grind higher”. That indicates an investment opportunity in the following positions: “High”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $2000 on the "High" instrument. This kind of option has a potential return of 70% if the option closes above the target price, which means that if the signal is correct I could get a return of $1400 on my investment.

The market price for EUR/GBP at the buying time (10:33) was 0.85564 for the expiration of 10:45. The asset closed at 0.85573 and I made $1400.