Successful Trades on Jan 31, 2013

Trades Placed by optionFair

AUD/USD

Christopher Lewis stated in his analysis of the AUD/USD that, “This market looks like one that is ready to offer buying opportunities over the next couple of weeks. I will be buying only, and not willing to sell”. This indicates an investment opportunity with the following positions: “High”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $1600 on the “Touch” instrument. This kind of option has a return of 70% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1120 on my investment.

The market price for the AUD/USD at the buying time (11:21) was 1.04151 and the target price was 1.04203 for the expiration of 12:00. The asset touched my target price at 11:32 and I made $1120.

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “I find that it's much easier to simply go with the longer-term trend when it is obvious. Because of this, I will be buying this pair every time it gets going forward.” This indicates an investment opportunity with the following positions: “High”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $1500 on the "High" instrument. This kind of option has a return of 65% if the option closes above the target price, which means that if the signal is correct I could get a return of $975 on my investment.

The market price for USD/JPY at the buying time (11:18) was 90.876 for the expiration of 11:30. The asset closed at 90.906 and I made $975.