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GBP and AUD Forex Market Overview Wednesday 15 October 2014
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Posted on: 15th Oct 2014
Today�s live Forex daily market overview by popular request is on GBP/AUD. This is the 7th 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 Tuesday 14/10/2014 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 1st of September 2014 is on course and nowhere close to the danger zone. Open positions today Wednesday 15 October 2014 currently stands at 70 entries; equity at above �100,000, usable margin at �94,000, usable margin percentage at 93% and pending orders at 52. Two positions closed with a profit of �494.14.
The GBP/AUD
currency pairs open positions are as follows:
On 14/September/2014,
20:01 hour GMT, 1 micro lot size sell entry was executed at 17990
On
16/September/2014, 12:19 hour GMT, 3 micro lots size sell entry was executed at
18035
On
17/September/2014, 16:46 hour GMT, 8 micro lots size sell entry was executed at
18090
On 18/September/2014,
06:32 hour GMT, 20 micro lots size sell entry was executed at 18190
On
18/September/2014, 13:24 hour GMT, 35 micro lots size sell entry was executed
at 18290
On 19/September/2014,
02:06 hour GMT, 55 micro lots size sell entry was executed at 18390
On
23/September/2014, 14:35 hour GMT, 85 micro lots size sell entry was executed
at 18490
On
26/September/2014, 05:21 hour GMT, 130 micro lots size buy entry was executed
at 18590
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 GBP/AUD stay on the sideline because the market is getting close to the profit target of 18110. Look out for tomorrow�s blog post which will be on AUD/USD.
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