Sunday, May 31, 2015

***Monday June 1rst*** #GBP #USD data out!!! COT Report is out!!! *** PORTFOLIO HOLDINGS => ***NEW SET-UPS =>


General Notes:
I 've made the decision to stop posting my detailed charts for all to see for now. I have shared a lot with all of my subscribers but it has come time to keep what i am doing to myself and members of the www.set-and-forget.com community. In the community I have learned a lot from Alfonso and I encourage any of you who want to learn Supply and Demand from the master himself, to join the community. If you do, I'll be seeing you there, if not, I'm not sure at this point if I will resume updating the blog as I don't want to cross any lines with the community. So thank you to all the subscribers, I hope you have learned a lot from the blog. I've shut down my YouTube channel folks. The reason being is I don't want to create any issues with a community that I am a part of, that being the www.set-and-forget.com community. There is a thin line between wanting to speak of my own trading and charts and divulging too much information that is copyrighted. After speaking with Alfonso this morning regarding some of my videos providing too much information that has taken years of Forex testing to create, I have come to the conclusion that it would be best to discontinue the videos. If you have found the videos and info to be of great help, then I would encourage you to join the community to learn more. Here we go with the start of a new week. The G7 meetings start on Wednesday so will be interesting to see how the markets react. I will be doing a lot of focusing on my trade plan this week and Forex testing the strategy. I encourage you to do the same. Practice makes a winning trader and that's pretty much about it. 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 inspirational shots to the left are courtesy of @fiiyat on Instagram. Great profile you should follow! 

Market Movers:

The Magic Trading Portfolio's Position Sizing
Currencies --> Risking only $70 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.

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

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.

$USD OVERVIEW (THE BIG PICTURE)
Commitment Of Traders Report: Institutional traders are VERY LONG biased. Perception of Monetary Standing: HAWKISH 
--> $USD is hitting weekly demand so might see a bounce up before a move back down.

$USD OVERVIEW (DAILY)
--> US Dollar hitting some daily/weekly demand and might see a bounce to the upside.









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

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

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

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

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

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


$GBPNZD ->
Notes: Trend is up on all time frames so looking for a pull-back into either 240 or daily demand. I prefer the daily demand zone.
THE SETUP (May 12): LONG @ 2.0677, SL @ 2.0500, TP - technical stop
   Video Link ==> 



Commitment Of Traders Report: Institutional traders are VERY LONG biased.
Notes: Trend is down on the monthly, bullish consolidation on the weekly and bearish consolidation on the daily chart. Called the bounce @ 1170 to a tee. RSI on the MN and WK chart suggest more upside towards the 1280's.
THE SETUP: 
Video Link ==> 


Commitment Of Traders Report: Institutional traders are LONG biased.
Notes: Trend is down on the monthly, bullish consolidation on the weekly and up on the daily chart. Daily WOW playing out with upside towards 19's, but first the reaction from WK supply.
THE SETUP: 
Video Link ==> 

Commitment Of Traders Report: Institutional traders are LONG biased.
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up on the daily chart. A little more push up it seems until hitting MN supply and descending TL so expecting more downside from there.
THE SETUP: 
Video Link ==> 

Commitment Of Traders Report: Institutional traders are VERY LONG biased.
Notes: Trend is down on the monthly, up on the weekly and up on the daily chart. WK chart hitting a flip zone so may drop to the 56's, if not head up towards the 66's.
THE SETUP: 
Video Link ==> 

Commitment Of Traders Report: Institutional traders are VERY SHORT biased.
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up on the daily chart. MN descending TL about to be hit while WK supply being tested a second time with D supply up ahead.
THE SETUP: 
Video Link ==> 


$NZDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: DOVISH 
Notes: Trend is down on the monthly, down on the weekly and bearish consolidation on the daily chart.
*WK SZ and WK TL in control
THE SETUP: LONG @ 0.7365, SL @ 0.7306, TP - technical stop
Video Link ==> 
May 18 (10:15pm) -> Trade Activated.
May 20 (9:30am) -> Trade Closed early for small loss.
Trade Review -> https://www.tradebench.com/share_trade/c09da628ffcf32f27aaae7ac4f6a29f1

$AUDNZD ->
Notes: Monthly trend is down and hitting MN TL, Weekly SZ is hit and Daily is starting to drop. Looking for a pullback to 240 wow supply for the short.
THE SETUP : SHORT @ 1.0822, SL @ 1.0865, TP - technical stop
   Video Link ==> 
May 18 (11am) -> Trade Activated.
May 18 (5:10pm) - Trade closed, small profits, going to wait for more confirmation on this one.

AUDUSD -> Commitmen Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing:  NUETRAL 
Notes: Trend is down on the monthly, bearish consolidation on the weekly and bullish consolidation on the daily chart. 
THE SETUP: -> LONG @ 0.7853, SL @ 0.7785, TP - .82's
Video Link ==>
May 1 -> Trade Activated
May 6 -> Moved stop to 0.7856 http://gyazo.com/4aa0481f05d68b78140a7b47b0b9b050
May 13 -> Moved stop to 0.7869 http://gyazo.com/e4ed0dd52f08b46cdb8c8af2ae77f892
May 13 -> (11:45am) moved stop to 0.7938 & TP to 0.8177 http://gyazo.com/d6c22dead3da55c7e5f27829f49baf6b
May 13 (11pm) -> Trade closed. Profit of 382% return of risk! 
Trade Review -> https://www.tradebench.com/share_trade/af2221bc8c541568337e4eb13afe8551

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. Perception of Monetary Standing: VERY DOVISH
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up on the daily chart.
THE SETUP: SHORT @ 1.1229, SL @ 1.1300, TP - technical stop (1.07's) 240 WOW confirmation trade supported by a daily/weekly supply zone and a monthly down trend.
Video Link ==>
May 12 -> Trade Activated
May 13 -> Stopped out.


$USDCAD -> Commitment Of Traders Report: Institutional traders

are LONG biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, bullish consolidation on the weekly and bearish consolidation on the daily chart. 
THE SETUP: LONG @ 1.2038, SL @ 1.1940, TP - 1.25's (240 wow long within a daily/weekly demand zone aka WOW long, monthly still in an up trend)
Video Link ==> 
May 5 -> Trade Activated
May 5 (10:50am) -> moved stop to 1.1935 http://gyazo.com/2d1390875562aa64d2d5e63c1537bbe1
(3:pm) -> moved stop back to 1.1989 http://gyazo.com/4582fffd1c9362db85d97b0aac327940
May 6 -> Stopped out.

$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 down on the daily chart.
THE SETUP: SHORT @ 1.4849, SL @ 1.4892, TP - 1.4600
Video Link ==> 
April 15 -> Trade Activated
April 16 -> Stopped out.

$GBPJPY ->
Notes: Trend on the monthly is down, weekly is down and daily is now down. 
THE SETUP: SHORT @ 175.62, SL @ 176.59, TP - 172.80's
   Video Link ==> 
April 15 -> Trade activated and stopped out.

$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 @ 0.7591, SL @ 0.7614, TP - 0.7500 LINK
Video Link ==> Review
April 2 -> Trade Activated.
April 2 -> Closed trade as wasn't dropping as expected. Made 60% return on risk.

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