NZD/USD Currency Pair Market Overview

Today’s live Forex daily market overview by popular request is on NZD/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 Monday 13/10/2014 were 60 entries; equity at above €100,000, usable margin at €96,000, usable margin percentage at 95% and pending orders at 38.

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 Tuesday 14 October 2014 currently stands at 71 entries; equity at above €100,000, usable margin at €94,000, usable margin percentage at 92% and pending orders at 52.

The NZD/USD currency pairs open positions are as follows:

On 28/August/2014, 11:21 hour GMT, 1 micro lot size buy entry was executed at 8380

On 02/September/2014, 15:12 hour GMT, 2 micro lots size buy entry was executed at 8310

On 10/September/2014, 09:39 hour GMT, 3 micro lots size buy entry was executed at 8210

On 17/September/2014, 19:02 hour GMT, 5 micro lots size buy entry was executed at 8110

On 25/September/2014, 03:43 hour GMT, 8 micro lots size buy entry was executed at 8010

On 26/September/2014, 05:46 hour GMT, 12 micro lots size buy entry was executed at 7910

On 29/September/2014, 03:00 hour GMT, 20 micro lots size buy entry was executed at 7810

On 29/September/2014, 03:59 hour GMT, 55 micro lots size buy entry was executed at 7710

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 NZD/USD buy 25 micro lots size entry at current market price, place your profit target at 8090. Look out for tomorrow’s blog post, GBP/AUD currency pair will be analysed.

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