General Notes:
With August pretty much over and the markets pretty much all over the place, my focus will be on trading currencies. I have been doing some currency trading this month and have been doing very well, so the plan is to continue doing so until I see a more stable equities market.
Friday August 29th Review:
With August pretty much over and the markets pretty much all over the place, my focus will be on trading currencies. I have been doing some currency trading this month and have been doing very well, so the plan is to continue doing so until I see a more stable equities market.
Friday August 29th Review:
The Magic Trading Portfolio's Position Sizing:
Futures --> 1 contract (at most)
Options --> $1000 estimated (per position)
Currencies --> $100,000 (depending on size of the zone)
Options --> $1000 estimated (per position)
Currencies --> $100,000 (depending on size of the zone)
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!
WELCOME NEW SUBSCRIBERS! Learn from this blog and you will learn to think and trade like the big institutions, but thats just my opinion. See for yourself!
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| Comment from blog follower/ friend |
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 market with your trades. The key to my strategy is to time the markets GREEN and RED zones with the GREEN and RED zones from the setups. If they are both entering their same colored zones at around the same time then the probability of the setup working out is highest. Otherwise, market needs to be trending upwards to take entry of setups in the GREEN zones or market needs to be trending downwards to take entry of setups in the RED zones.
SHADED GREEN ZONES = Strong Buy Zones
SHADED RED ZONES = Strong Sell Zones
Markets Overview (The Big Picture):
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. NASDAQ -> hit daily supply = BEARISH
S&P -> hit daily demand but RSI is weak = BEARISH
DOW JONES -> hit daily demand but RSI is weak = BEARISH
RUSSEL -> hit daily demand but RSI is weak = BEARISH
Markets Overview (30 Min Chart)--> Supply & Demand outlined below.
$USD Overview (Daily Chart)
--> $USD hit supply and is now showing RSI weakness, change in trends on the currency pairs about to happen?
Currencies:
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The Million Dollar 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 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 or once price crosses the 89 EMA then a close below/above the 8 EMA will be the
sign to take profit or close the trade.
sign to take profit or close the trade.
$USDCAD --> The Canadian Dollar just hit weekly demand and headed up and is about to hit weekly supply which is where I am looking to short the pair.
THE SETUP: Will wait for a retrace into 240 supply thats within weekly supply to short.
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| AUG 8 |
$AUDUSD --> The Australian Dollar hit some daily demand and is heading up.
THE SETUP: Bought the drop into the 240 demand zone.
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| Aug 8 |
$USDCHF --> The Swiss Franc is just hit daily supply and is dropping.
THE SETUP: Will wait for a rally up into a supply zone and then short it.
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| Aug 8 |
$EURUSD --> The Euro is in weekly demand and may head up.
THE SETUP: Buying pullbacks into demand.
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| Aug 8 |
$GBPUSD --> The Pound has just hit weekly demand and could head up.
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| AUG 8 |
$NZDUSD --> The New Zealand Dollar just hit weekly demand and could head up.
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| AUG 8 |
Futures:
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.
$GC_F Gold --> 30 min demand zone worked perfectly. Supply & Demand outlined on the chart.
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| Gold updated July 30 |
$CL_F Oil --> Supply & Demand outlined on the chart.
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| Updated Aug 8 |
Aug 6th -> Crude Oil Inventory numbers came out at less than forecast and price dropped.
$HG_F Copper --> Supply & Demand outlined on the chart.
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| Copper updated July 30 |
$NG_F Natural Gas --> Supply & Demand outlined on the chart.
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| Natural Gas updated July 30 |
Stocks & Options:
The Trinity Trading Strategy:
The Trinity Trading Strategy is the strategy all the others are based on.
Chart Setup --> 30 Minute chart has an 89 period EMA, a 45 period EMA and an 8 period EMA, RSI indicator of 60 overbought and 40 oversold.
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| The Trinity Trading Strategy |
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 and or once the 8 EMA crosses the 89 EMA and after the 45 EMA crosses the 89 EMA, then a close below/above the 8 EMA will be the sign to take profit or close the trade. If price action is strong, then I will add to position when price touches the 45 EMA. Finally, the position will be closed when the 8 EMA crosses the 45 EMA.
The 89 Bounce Strategy:
Chart Setup --> 30 Minute chart has an 89 period EMA, a 45 period EMA and an 8 period EMA, RSI indicator of 60 overbought and 40 oversold.
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| The 89 Bounce Strategy |
Buying or Selling when price hits the 89 EMA and/or enters a 30 minute demand/supply outlined by the green zone/red zone. Then you must wait until the distance between the 8 EMA and 45 EMA is the same or larger than the 45 EMA and 89 EMA. Wait for close below the 8 EMA to take partial profits. The close trade when the 8 EMA crossed over the 45 EMA.
The Slingshot Strategy:
Chart Setup --> 30 Minute chart has an 89 period EMA, a 45 period EMA and an 8 period EMA, RSI indicator of 60 overbought and 40 oversold.
Buying or Selling when price hits a 30 minute supply/demand outlined by the red zone/green zone. Then you must wait until the distance between the 8 EMA and 45 EMA is the same or larger than the 45 EMA and 89 EMA. Wait for close below the 8 EMA to take partial profits. The close trade when the 8 EMA crossed over the 45 EMA.
In all strategies, exit for a loss if price breaks through the zone position is opened on.
How do I activate a trade?
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| Slingshot Strategy Entry |
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| 5 Min RSI confirmation |
