AUD Vs USD Forex Market Overview

Today’s live Forex daily market overview by popular request is on AUD Vs USD. This is the 7^th week since the inception of this portfolio that started on 01/09/2014. Starting on the first day of trade, traders were instructed to simultaneously buy and sell one micro lot entry on all selected twenty currency pairs. It was further instructed to use the sequence tables to adjust executed entries accordingly.

Open positions on Wednesday 15/10/2014 were 71 entries; equity at above €100,000, usable margin at €94,000, usable margin percentage at 92% and pending orders at 52. A margin call will be triggered when usable margin percentage fall below 30%.

The portfolio that was started with €50,000 on the 1^st of September 2014 is on course and nowhere close to the danger zone. Open positions today Thursday 16 October 2014 currently stands at 77 entries; equity dropped from above €100,000 to €98,000, usable margin dropped from €94,000 to €85,000, usable margin percentage dropped from 92% to 86% and pending orders at 43. 

The rules of engagement states that you should buy and sell one micro lot size entry in the same currency pair simultaneously. Take profit of the wining leg at 180 pips and increase lot size by 50% every 100 pips move against primary order until sixteen consecutive entries are achieved in the same currency pair.

If today is the first time of visiting this blog and you do not have open position on AUD Vs USD, buy 25 micro lots size entry at current market price and place your profit target at 9090. Look out for tomorrow’s blog post, the week in focus shall be outlined for next week’s market activities.

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