SHADED RED ZONES = Strong Sell Zones
Questions or comments email me -> magictrader@outlook.com
Markets Overview:
Take note of the green demand zones mapped out below. These areas are where there are the unfilled orders from the institutions. Until the market drops down to these levels there isn't much demand to propel these markets to higher highs. So if we see the markets collapse next week, I am putting my money on the zones shown below in green as being where the markets will bounce from. The past has shown, that I've been around 95% accurate with timing market bounces. I'm not perfect, but I am extremely accurate.
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| April 5th |
$SPY --> Markets retracing nicely after hitting some new highs. Below I have outlined where we could most likely expect a nice bounce from. Will the bounce last? That's the question, it might. I know I will play some short term $185 Calls for a nice profit when it gets down there.
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| April 5th |
Currencies:
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.
EURUSD --> I am waiting for the EURO to drop a little further down for me to activate this trade.
April 3rd Update -> Due to news this am, the EURO is now heading toward entry point.
April 4th Entry -> Trade activated, came into zone after a couple bounces.
April 7th -> the EURO has taken off this am as expected. Will be watching it for a cross up above the 89 EMA so that the 8 EMA profit taking rule takes effect.
AUDUSD --> Looking for the Aussie dollar to rally a little higher to the 240 supply up above.
GBPUSD --> Looking for a retrace into the 240 demand below to take entry.
GBPUSD --> Pressure seems to be on the downside, so if this rallies up again into this nice 240 supply zone, I'll look to short it down to the demand zone labeled in the chart above.
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 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.
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 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.
$NG --> (30 Min) Nat Gas looks like it wants to drop a little after this rally. If if does, I'll look to go long in the 30 min demand zone shown on the chart and then this will become a 30 Minute Chart Strategy from there. One target is outlined on the chart.
$NG --> (30 Min) Played this one really well in the past and now will wait for it to rally up to the supply zone above to short it.
$NG --> (240 Min) Played this one really well in the past and now will wait for it to rally up to the supply zone above to short it.
April 3rd Update -> Nat Gas came pretty close to the entry zone and dropped. Still waiting for more of a rally.
April 7th Update -> Nat Gas came into my sell zone very slowly and inched up, not the way i'd like to see it so watching is closely and probably will skip this trade.
$SI --> (240 Min) Silver just bounced off 240 min demand and is heading upward into a nice 240 supply zone where I will short it and decide on targets.
Stocks & Options:
The 30 Minute Chart Strategy:
Chart Setup --> 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 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 price 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.
The Daily 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 daily of demand/supply outlined by the green zone/red zone. First target will be opposing daily supply zone/demand zone and or once price closes below/above the 8 EMA will be the sign to take profit or close the trade.
$ARWR --> (Daily) Would like to see this one retrace a bit more into this daily demand area before I get onboard.
$DHRM --> (Daily) Would like to see this one retrace a bit more into this daily demand area before I get onboard.
$ALR --> (Daily - Options) Would like to see this one retrace a bit more into this daily demand area before I get on board.
$ARUN --> (Daily) Would like to see this one retrace a bit more into this daily demand area before I get onboard.
$ISR --> (30) Everyone is talking about this one these days. Nailed the short call on this one today. I believe we see more downside tomorrow. 30 minute supply zone mapped out here on chart where I will take my short entry with two targets below.
April 7 Update -> up in premarket based on article http://finance.yahoo.com/news/isoray-announces-worlds-first-human-130000650.html so not trade for me.
$HIMX --> (Daily) if $HIMX retraces downwards from here, I'll be interested to take this one long from the zone mapped out below.
$IRWD --> (30) Hit the demand zone already but may retrace again before it takes off to the targets outlined.
April 4th Update -> Trade activated, in at 11.27 small starter position, very low risk entry. This will be a 30 min chart strategy play.
April 4th position -> Position looks great so far, noticed it also just bounced from a weekly demand zone meaning that this thing is def going up!
April 4th Exit/New Setup -> got stopped out of my position after it rallied up, only to drop a little further down within the weekly demand zone. I found another 30 min demand zone this will most likely rise up from. I've outlined a few targets I'll be aiming at.
April 7th Update -> missed entry into this sucker, but take a look at the perfect call so far, retraced to demand zone and then took off.
$QCOR --> (30) Taking this nice short setup form 30 min supply downwards. 30 min chart strategy in play.
April 4th Update-> missed entry by .04 cents, don't like the stalling action so I've taken the trade off. Stalling ussualy will result in the zone being penetrated.
April 5th TRADE UPDATE-> Take a look at this drop that I called. Missed entry by 4 cents but if anyone got my tweet and followed along, they made a nice 9% drop on it.
$GWPH --> (Daily) Would like to see this one retrace a bit more to the demand zone below. Two targets are outlined but RSI may be below 40 when it hits, so will judge when that happens.
$ACXM --> (Daily) this one is dropping hard and there's no strong demand until it hits a weekly demand area noted on the chart below. I'll accumulate shares within the green demand area and have targets outlined.
$ADSK --> (Daily - Options) I like playing this one and have many times before. Noticed it has been retracing slowly with the market and if timed right, both will be entering into demand areas together. $ADSK is heading into weekly demand meaning there's is a high probability that this thing goes up from there. That being said, I'll be looking to play some call options from the green zone shown on the chart.
$RCAP --> (Daily) scanner picked this one up for momentum. Been very strong in the bearish market, should we have more downside in the market, I'll be looking for this one to drop into the daily demand zone where I'll take it long and trade it based on my daily chart strategy.
$HART --> (30) This one just bounced of a great 30 min demand zone and looks to be headed upwards, I'll keep an eye out for a retrace to buy in and notify on twitter. Target is outlined below. But this will be a 30 min chart strategy play.
OTC's:
WPWR --> (30) This one just bounced of a great 30 min demand zone and looks to be headed upwards, I'll keep an eye out for a retrace to buy in and notify on twitter. Target is outlined below. But this will be a 30 min chart strategy play.
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