Tuesday, March 31, 2015

***Wednesday April 1st*** #GBP #NZD #USD #AUD data out!!! FUTURES charts updated!!! *** PORTFOLIO HOLDINGS => #GBPNZD


General Notes:
Posted some trade review videos with some great lessons to learn. The #USD continued it's rally as i mentioned it would last week. Tuesday is filled with action packed data and should propel price in the direction the charts are pointing in so watch the latest Outlook video for March 30 and be prepared! Trade reviews are so helpful in looking back to see what I missed and why I missed it. You have to become better with each lesson or else you'll make the same mistakes over and over again. The latest COT report shows that the Hedge Funds have taken some of their long positions off the #USD, are adding massively to their shorts on the #EURUSD, left their #USDCAD positions, took more off their short #USDCHF positions, took some off their long and short #GBPUSD, #AUDUSD & #USDJPY and left their #NZDUSD positions. 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! 

The Spotlight: EURJPY
Keep your eyes on the #EURJPY as I believe we have a long way down on this pair. We have just taken out a weekly area of demand  and there is nothing fresh or original until the weekly demand zone at 122.66 - 119.11. On the daily chart we have a ton of room to the downside. I'll be looking to open a short position when the time is right! Take a look at the chart inserted for more details.

Market Movers:

The Magic Trading Portfolio's Position Sizing
Currencies --> Risking only $150 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:
It is important to understand how 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 set-ups. 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. 

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. 
SHADED GREEN ZONES = Strong Buy Zones

SHADED RED ZONES = Strong Sell Zones

$USD OVERVIEW (THE BIG PICTURE)
Commitment Of Traders Report: Institutional traders are VERY LONG biased. Perception of Monetary Standing: HAWKISH 
--> $USD is hitting weekly trend line and tested monthly supply.


$USD OVERVIEW (DAILY)
--> US Dollar hitting some daily/weekly supply, dropped and reacting from trend line.








$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, up on the weekly and up trend on the daily chart.
THE SETUP: 
Video Link ==> 

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. Perception of Monetary Standing:  NUETRAL 
Notes: Trend is down on the monthly, down on the weekly and up on the daily chart.
THE SETUP: -> SHORT @ 0.7647, SL @ 0.7671, SL - Technical Stop LINK
Video Link ==>

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, up on the weekly and up on the daily chart. 
THE SETUP:
Video Link ==> 

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. Perception of Monetary Standing: VERY DOVISH
Notes: Trend is down on the monthly, down on the weekly and consolidation on the daily chart.
THE SETUP (March 27): SHORT @ 1.0980, SL @ 1.1069, TP - Trailing Stop
Video Link ==>
March 29 -> Set-up cancelled. (daily zone tested 3 times already - low odds)

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing: NUETRAL
Notes: Trend is down on the monthly, down on the weekly and bearish consolidation on the daily chart.
THE SETUP: 
Video Link ==> 

$USDJPY -> Commitment Of Traders Report: Institutional traders are VERY LONG biased. Perception of Monetary Standing: VERY DOVISH
Notes: Trend is up on the monthly, up on the weekly and consolidation on the daily chart.
THE SETUP: 
Video Link ==>

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing: HAWKISH => NUETRAL 
Notes: Trend is down on the monthly, down on the weekly and down trend on the daily chart.
THE SETUP: 
Video Link ==> 


$NZDJPY ->
Notes: Monthly, Weekly trend is up and will be hitting daily demand zone.
THE SETUP (March 25): Potential 240 demand zone that may work for the long.
   Video Link ==> 
March 30 -> Trade Cancelled

$GBPNZD ->
Notes: Monthly trend is up and hitting daily/weekly wow demand zone.
THE SETUP: LONG @ 1.9419, SL @ 1.9339, T1 - (TS) Technical Stop
   Video Link ==> Trade Plan
March 25 (6:58am) -> Trade Activated
March 30 (6:30pm) -> position is up 1.72% and am ready to move the stop once price breaks through 240 supply & enters the 1.98's.
March 31 (9am) -> Stop moved below daily demand until it rallies higher LINK
March 31 -> had a great opportunity to add to my position but missed it LINK
March 31 (12:20pm) -> Moved stop to 1.9691.


Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, bullish consolidation on the weekly and bearish consolidation on the daily chart.
THE SETUP: 
Video Link ==> 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, bearish consolidation on the weekly and up trending on the daily chart.
THE SETUP: 
Video Link ==> 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, down trend on the weekly and up trend on the daily chart. 
THE SETUP: 
Video Link ==> 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, bearish consolidation on the weekly and bullish consolidation on the daily chart.
THE SETUP: 
Video Link ==> 

$EURCAD ->
Notes: Down trend on weekly, monthly, daily in bearish consolidation, shorts all the way!
THE SETUP: (NEEDS CONFIRMATION) SHORT @ 1.3695, SL @ 1.3755, TP - Trailing Stop
   Video Link ==> http://youtu.be/wmq0jtOQhE8
March 26 -> 240 wow short confirmation is playing out right now. 
March 27 -> Trade Activated. 
March 27 -> Stopped out

$GBPCAD ->
Notes: Monthly, Weekly trend is up and Daily is down with room to drop.
THE SETUP (March 26): PCP (Pre Continuation Pattern) BO (Break Out) Short @ 1.8520, SL @ 1.8695, TP @ 1.8160's
   Video Link ==> http://youtu.be/71wsDmd3F3w
March 26 (9:18am) -> Trade Activated

$EURAUD ->
Notes: Down trend on weekly, monthly, daily, shorts all the way!
THE SETUP: SHORT @ 1.4004, SL @ 1.4083, TP - Trailing Stop
   Video Link ==> Video Review
March 18 (4:04pm) -> Trade Activated
March 25 (1:59pm) -> losing some pips but may want to retest before the drop, considering the bad #usd news and good #eur data, it's holding well.
March 26 (9am) -> closed position for small profit as it looks to want up and bullsih engulfing on the daily.

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. Perception of Monetary Standing: VERY DOVISH
Notes: Trend is down on the monthly, down on the weekly and down on the daily chart.
THE SETUP: SHORT @ 1.0838, SL @ 1.0916, T1 - 1.0434, T2 - 1.0000 SETUP
Video Link ==> video review
March 18 (3:41pm) -> trade Activated and stopped out real quick.
Trade Review -> https://www.tradebench.com/share_trade/8ce6c33cb0dfee248319872c8443d8f5

$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, up on the weekly and up trend on the daily chart.
THE SETUP: LONG @ 1.2705, SL @ 1.2655, T1 - 1.2970, T2 - ? SETUP
Video Link ==> Video Review
March 12 (3:15am) -> Trade Activated
March 12 (7:22am) Stop hit.
Trade Review -> https://www.tradebench.com/share_trade/9c7c720e5beff4760a7a7801028e1c36

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (02/17/15)
Increased <== LONG -> 17k   SHORT -> 71K ==> Increased
Perception of Monetary Standing:  NUETRAL => DOVISH 
Notes: Trend is down on the monthly, down on the weekly and consolidating on the daily chart.
THE SETUP: Feb 24 (10:00pm) -> LONG @ 0.7831, SL @ 0.7802, T1 - 0.7893, T2 - 0.8158, T3 - ? -> Setup
Video Link ==> Video Review
Feb 26 (8am) -> trade setup canceled, missed entry by pips.
Feb 26 (11:15am) -> Trade Activated, in long @ 0.7827 -> LINK
Feb 26 (12:22pm) -> Stop hit.
Trade Review -> https://www.tradebench.com/share_trade/5df56c7b05d95834d2c9b67b42c247e0


$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (02/17/15)
Increased <== LONG -> 42k   SHORT -> 71K ==> Decreased
Perception of Monetary Standing: NUETRAL
Notes: Trend is down on the monthly, consolidating on the weekly and up on the daily chart.
THE SETUP: LONG @ 1.5378, SL @ 1.5308, T1 - 1.5543
Video Link ==> Video Review
Feb 20 -> Trade Activated
Feb 25 (9:12pm) -> closed trade for profits.
Trade Review -> https://www.tradebench.com/share_trade/ab72b5e6cb7b2a5b73702788498e8d1e

Posted by at No comments:
Subscribe to: Posts (Atom)