Wednesday, December 31, 2014

***Wednesday Dec 31st*** HAPPY NEW YEAR TRADERS!!! *** PORTFOLIO HOLDINGS =>


General Notes:
Lets start the new year with a bang!!! I have added my Trading Plan to the blog and will be tweeking it as the year unfolds. Since the trading plan is such a massive portion of a traders success it only felt right to have it placed on the blog for others to learn from. Also on the blog I have added a link to a great source of information I have recently come across which is helping me add greatly to my trading plan and overall strategy. The link is HERE so make sure you check out Alfonso's thread page on the Forexfactory website because this guy is the real deal. Learn the strategy, watch the YouTube videos HERE that he has posted and incorporate what you are learning in your trading. Lets make 2015 the best trading year so far! I have been working on my trading plan all day today. I have incorporated a few changes that I have learned from all the trade reviews I have done throughout the year. So fasten your seat belts because we are going for a wild ride.... to profits!!! I have added trend lines to my charts as I have come to realize the great advantages of incorporating them with Supply & Demand. Using both techniques to plot price action will improve my results dramatically. The Portfolio results have been posted. The winning percentage went up to 60% which is great, but the average win amount went down. Take a look at the figures below for more details. I've added many trade reviews on the YouTube channel that you should check out if you want to learn some valuable lessons. I know I have, and I will do my best to not repeat these mistakes again!  I am short biased for now on the $USD and will continue to trade the opportunities I find! I've added video lessons at the bottom of the Portfolio Blog. So do yourself a favour and start watching and learn as much as you can! You can have it all if you trade like the institutions do. Money, freedom, the ability to travel anywhere at any time, nice homes and fast cars. All it takes is dedication and hard work!  Don't you just love trading? You can be anywhere in the world and still be able to make $$$, but only if you trade alongside the institutions with Supply & Demand! If so you can be chillin somewhere down south where it's warm as opposed to some of us in the cold of winter. Planning a trip to Florida after Christmas with the family and the laptop is coming with me! 



Market Movers December 22 - 26th:
Click here for the Week Ahead -> Dec 22 - Jan 2, 2014 Market Movers

The Magic Trading Portfolio's Position Sizing:
Currencies --> Risking only $125 per trade. As my risk tolerance gets larger, I will slowly start
increasing my risk amount. 

You can follow, learn & PROFIT from The Magic Portfolio by following the members only @MagicAlerts on Twitter. I'll be sharing my thoughts on the markets, providing video lessons on trading Supply & Demand and also be sharing with followers some very exclusive stuff. You'll have to follow to find out what. I am mapping out Institutional Demand & Supply. Do your own DD and use the info whatever way you see fit. Welcome to The Magic Trading Portfolio!

How to keep updated with the blog? I tweet updates to The Magic Trading Portfolio all day live, my advice is if you have an iphone etc, turn notifications on for my account @magikev to get the updates to the portfolio. If you missed an update, just come to the blog and check on the right side where the twitter feed is located and go through the feed to see what updates you may have missed. Otherwise, subscribe to the email updates and receive them in your inbox.
Magic Ingredient:
If there is any one thing that has added more to my success than anything else, it is understanding how
important it is to time the US Dollar with your trades. The key to my strategy is to time the $USD's GREEN and RED zones with the GREEN and RED zones from the setups. If the US Dollar and the $USDCAD, $USDCHF or $USDJPY are both entering their same coloured zones at around the same time or if the US Dollar and the $EURUSD, $GBPUSD, $AUDUSD or $NZDUSD are both entering the opposite coloured zones then the probability of the setup working out is highest. 
SHADED GREEN ZONES = Strong Buy Zones
SHADED RED ZONES = Strong Sell Zones

SUPPLY & DEMAND ZONES
Take note of the GREEN demand zones and RED supply zones mapped out below. These are the areas of interest for me because this is where there is a great deal of demand to fill buy orders and supply to fill sell orders from the institutions. 
$USD Overview (Weekly Chart)
Perception of Monetary Standing: HAWKISH 
--> $USD entering a lot of supply on the weekly chart & the monthly chart as well!.

$USD Overview (Daily Chart)
--> US Dollar hitting tons of supply.






The Chart Setup:
Chart Setup --> Chart has an RSI indicator of 60 overbought and 40 oversold.
Buying or Selling when price enters a 240 minute area of demand/supply outlined by the green zone/red zone. First target will be opposing 240 min supply zone/demand zone and the opposing daily or weekly supply zone/demand zone.

$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. (12/16/14)
Increased <== LONG -> 48k   SHORT -> 32K ==> Increased
Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, weekly and daily charts. Price broke the up trend on the 240 chart and is hitting weekly supply.
THE SETUP ==> 
Video Link ==> 


$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (12/02/14)
Increased <== LONG -> 26k   SHORT -> 61K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Trend is down on the monthly and weekly charts. Price trending up on the 240 chart. Price broke above the down trend on the daily chart. Heading up toward weekly supply.
THE SETUP ==> 
Video Link ==>

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (12/16/14)
Decreased <== LONG -> 22k   SHORT -> 18K ==> Increased
Perception of Monetary Standing: NUETRAL
Notes: Trend is up on the monthly, weekly and daily charts. Price is up trending on the 240 but will soon hit a daily supply flip zone (high odds of a drop)
THE SETUP ==>
Video Link ==> 

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (12/16/14)
Decreased <== LONG -> 56k   SHORT -> 182K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Trend is down on the monthly, weekly and daily charts. Price is down trending on the 240 chart.
THE SETUP ==> 
Video Link ==>

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/16/14)
Same <== LONG -> 37k   SHORT -> 52K ==> Decreased
Perception of Monetary Standing: HAWKISH 
Notes: Trend is up on the monthly chart, down on the weekly and daily charts. Price broke the down trend on the 240 chart but has hit weekly demand.
THE SETUP ==> 
Video Link ==> 

$USDJPY -> Commitment Of Traders Report: Institutional traders are VERY LONG biased. (12/16/14)
             Decreased <== LONG -> 132k   SHORT -> 45K ==> Increased
Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly and weekly chart. Price is consolidating on the 240 & daily chart.
THE SETUP ==> 
Video Link ==>

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/16/14)
Same <== LONG -> 9k   SHORT -> 10K ==> Same
Perception of Monetary Standing: HAWKISH
Notes: Up trend has been broken on the monthly chart, down on the weekly and daily chart. Price broke the trend down on the 240 chart.
THE SETUP ==> 
Video Link ==> 

$GBPCAD 
THE SETUP ==> Short @ 1.8272, SL @ 1.8348, T1 - 1.8020
Video Link ==> 

$EURCAD 
THE SETUP ==> Long @ 1.4052, SL @ 1.3995, T1 - 1.4206, T2 - 1.4332
Video Link ==> 

The 30 Minute Chart Strategy:
Chart Setup --> Chart has an 89 period EMA and an 8 period EMA, RSI indicator of 60 overbought and 40 oversold.
Buying or Selling when price enters a 30 minute area of demand/supply outlined by the green zone/red zone. First target will be opposing 30 min supply zone/demand zone.

The 240 Minute Chart Strategy: Buying or Selling when price enters a 240 minute area of demand/supply outlined by the green zone/red zone. First target will be opposing 240 min supply zone/demand zone.

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly and weekly charts. Up trending on the daily chart.

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly and weekly charts. Consolidating on the daily chart.

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, weekly and daily charts. 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, weekly and daily charts. 

December 1 - 15 Results (Based on $125 Risk Per Trade)
November 1rst - 28th Results (Based on $125 Risk Per Trade)
$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/02/14)
Same <== LONG -> 38k   SHORT -> 69K ==> Same
Perception of Monetary Standing: HAWKISH 
Notes: The pound has just breached the Monthly demand zone but hit weekly demand. I believe we will see a bounce from here.
THE SETUP ==> Long @ 1.5560, SL @ 1.5535, T1 - 1.5591, T2 - 1.5694
Video Link ==> Review
Dec 17 - Trade Activated
Dec 18 - T1 hit
Dec - 19 - took partial profits at 1.5668
Trade Review - Review

$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. (12/02/14)
Decreased <== LONG -> 46k   SHORT -> 28K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price is inside Weekly Supply!
THE SETUP ==> Short @ 1.16550, SL @ 1.1675, T1 - 1.1601, T2 - 1.1572
Video Link ==> Review
Dec 16 - Trade Activated
Dec 16 - moved T2 to 1.1491
Dec 18 - target 1 hit
Dec 19 - closed position for profits (bad CPI data out)
Trade Review - Review

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (12/02/14)
Decreased <== LONG -> 57k   SHORT -> 216K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price hit daily/weekly supply and is heading downwards.
THE SETUP ==> Long @ 1.2274, SL @ 1.2262, T1 - 1.2290, T2 - 1.2318, T3 - 1.2440
Video Link ==> Review
Dec 18 - Trade Activated
Dec 18 - T1 hit
Dec 19 - stop hit (small loss only)
Trade Review - Review


$GBPCAD 
THE SETUP ==> Short @ 1.8179, SL @ 1.8231, T1 - 1.8073, T2 - 1.7945
Video Link ==> Setup Video Lesson 1
Dec 12 - Trade Activated
Dec 14 - moved stop to 1.8252
Dec 15 - moved stop to 1.8209, T1 - 1.8095, T2 - 1.7964
Dec 15 - stopped out
Trade Review - Review

$EURAUD 
THE SETUP ==> Short @ 1.4917, SL @ 1.4947, T1 - 1.4854, T2 - 1.4732
Video Link ==> Review
Dec 9 => Trade Activated
Dec 10 => T1 hit
Dec 11 => Closed for profits
Trade Review => Review

$GBPCHF 
THE SETUP ==> Short @ 1.5327, SL @ 1.5417, T1 - 1.5221, T2 - 1.5043
Video Link ==> Review
Dec 3 => Trade Activated
Dec 4 => T1 hit
Dec 4 => Stop moved to 1.5326
Dec 7 => moved 2nd target to 1.5128
Trade Review => Review

$EURAUD 
THE SETUP ==> Short @ 1.4911, SL @ 1.4943, T1 - 1.4848, T2 - 1.4726
Video Link ==> Review
Dec 9 => Stop hit
Trade Review => Review

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/02/14)
Same <== LONG -> 38k   SHORT -> 69K ==> Same
Perception of Monetary Standing: HAWKISH 
Notes: The pound has just breached the Monthly demand zone but hit weekly demand. I believe we will see a bounce from here.
THE SETUP ==> Short @ 1.5675, SL @ 1.5697, T1 - 1.5655, T2 - 1.5636
Video Link ==> Review
Dec 9 => Targets hit

$AUDCAD 
THE SETUP ==> Possible DIP N RIP setting up here!
Video Link ==> Review
Dec 5 => Trade Activated
Dec 9 => stopped out
Trade Review => Review

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/02/14)
Same <== LONG -> 9k   SHORT -> 10K ==> Decreased
Perception of Monetary Standing: HAWKISH
Notes: Price is consolidating around weekly demand. Also just hit some daily demand so we may see more upside.
THE SETUP ==> Long @ 0.7740, SL @ 0.7706, T1 - 0.7775, T2 - 0.7868
Video Link ==> Review
Dec 3 => Trade Activated
Dec 4 => T1 hit
Dec 5 => stop hit on 2nd half of position.
Trade Review => Click 2 Review


$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (11/25/14)
Decreased <== LONG -> 57k   SHORT -> 223K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price hit weekly demand at 1.24's and now we could start seeing a move to the upside.
THE SETUP ==> Long @ 1.2342, SL @ 1.2282, T1 - 1.2442
Video Link ==> Review
Dec 3 => Trade Activated
Dec 4 => stopped out, but direction called perfectly. Stop too close. Lesson learned.
Trade Review => Click 2 Review

$CADJPY 
THE SETUP ==> Short @ 104.61, SL @ 105.56, T1 - 103.52, T2 - 102.44
Video Link ==> Review
Dec 2 => Trade Activated
Dec 3 => Stopped out
Trade Review => Click 2 Review

Institutional SUPPLY & DEMAND with Chuck Fulkerson (December 19, 2014)
Great video to watch -> Will help you in your trading psychology!
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