Daily Forex Market Overview Monday 13 October 2014

The forex daily live market overview started on the 1^st of September 2014, this is the 7^th week since inception. Starting on the first day of trade, subscribers were instructed to simultaneously buy and sell one micro lot entry on all selected twenty currency pairs. They were also directed to use the sequence tables to adjust executed entries accordingly.

Starting with €50,000 on the 1^st of September 2014, open positions currently stand at 60 entries; equity at above €100,000, use-able margin at €96,000 and use-able margin percentage at 95%. A margin call will be triggered when use-able margin percentage fails below 30%; we are on course and nowhere close to the danger zone.

Based on popular request, the EUR/USD currency pairs open positions are as follows:

On 28/August/2014, 11:18 hour GMT, 1 micro lot size buy entry was executed at 13180

On 04/September/2014, 12:45 hour GMT, 2 micro lots size buy entry was executed at 13010

On 08/September/2014, 18:12 hour GMT, 3 micro lots size buy entry was executed at 12910

On 24/September/2014, 14:12 hour GMT, 5 micro lots size buy entry was executed at 12810

On 25/September/2014, 09:03 hour GMT, 8 micro lots size buy entry was executed at 12710

On 30/September/2014, 10:15 hour GMT, 12 micro lots size buy entry was executed at 12610

On 03/October/2014, 15:09 hour GMT, 20 micro lots size buy entry was executed at 12610

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.

Note: In accordance to the lot sizes management table, you can make a conscious decision to execute 18 or 20 micro lots size entry in sequence number seven. If today is the first time of visiting this blog and you do not have open position on EUR/USD, buy 20 micro lots size entry at current market price.

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