Been a great week of trading for the Magic Portfolio. We still have a ways to go until the market hits the daily demand zones that will be required to thrust the market back up and help with any long positions. Until then I will be focusing on watching the daily demand levels for a bounce and then concentrating on shorting from supply zones above. Don't let the media scare you with market crashes, if we do go down from here, beautiful, can make lot's of money shorting and buying Put options. Key is to stay in control of your trading and stay relaxed and time the market turning points with accuracy.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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The EURUSD trade is looking great, it's already a 230 pip winner. I added another currency setup to the mix. Still a few stock setups I'm waiting to retrace but $ISR, $IRWD, $HART, $TWTR and the OTC play $WPWR are trades that are looking great. $TWTR option play 100% winner and $WPWR up over 46%. $HART is a great example of how I trade my strategy, taking partial profit at 10% and then riding the rest for a 23% winner. $KING IPO was a good trade as well, bought at the 30 minute demand zone and immediately went up in the green for a .60 cent profit move. Plus a 400% winner on the $SPY options and $ISR a 25% winner. Portfolio is looking great so far.Magic Ingredient:
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 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
Questions or comments email me -> magictrader@outlook.com
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 was a great deal of demand to fill buy orders from the institutions. Until the market drops down to these levels there isn't much demand that has not been met, to propel these markets back up. So if we see the markets collapse next week, I am putting my money on these zones shown below in green as being where the markets will bounce from. The bounce most likely will not last based on the lower high created on the way down. Therefore I'll be shorting this market when price hits supply zones. The past has shown, that I've been very accurate with timing market bounces. This is because of my understanding of supply and demand. 
$SPY --> Market broke through my first 30 min supply zone but respected this 2nd supply zone drawn below. Then dropped pretty predictably since there was no fresh demand areas where institutions were willing to buy.
April 11 WINNER Update -> as I said, I held half my options position till the end of Friday and made a nice 400% return.
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.
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.
April 8th update -> trade is looking really good so far. 8 EMA has crossed above the 89 EMA which now lets me concentrate on the 8 EMA. Once price closes below the 8 EMA I will take partial profits.
April 9th Update -> Position was added to twice this am, EURO showing great strength. I still believe we see this sucker head toward my two targets on the chart. But I will be watching the 1.38700 area because this is where on the 30 min chart we had previous demand become supply. On March 24th we had an aggressive drop from this area so we may see another temporary drop from here again. Possible area to take profit and then add to position again on the dip.
April 9 Profit taking -> as mentioned above, price hit exactly at the 1.38700 level and started to decline. I took partial profits and will let it retrace a bit and take a breather. I have an order to add back my position shown below.
April 10 Profit Target 1 -> Hit 1rst target for a nice profit, adjusted stop loss to protect profits and will let rest ride up to second target or a close below the 8 EMA.
GBPUSD --> Looking for a retrace into the 240 demand below to take entry.
GBPUSD --> Looking for the British Pound to rally up into the 240 min supply zone mapped out below for a short position. I really like this supply zone as it was created as a reaction to a previous demand zone. These make the best zones to trade from. May take some time to setup, will be patient.
CHFUSD --> Looking for price to drop into the 240 min demand zone below for me to catch the trend and ride this one up. My thoughts are that trend is changing now after hitting some weekly demand and on the way up breaking through some 240 supply.
April 10th Update -> Trade Activated in at 0.87555
NZDUSD --> Just opened this trade, 30 min demand zone, should be a quick trade for me. Target outlined below.
April 12th Update -> Stopped out real quick. To anxious to take a trade.
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.
April 10 update -> NO TRADE - Nat Gas figure came out this am at 9:30 and pushed price way to hard for me to try to go against trend.
$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.
April 10th update -> Missed entry by a fraction this am, should have included the bottom of the wick of the supply zone and I would be in the trade right now.
April 10th -> trade is now in the zone, missed entry. Will watch it for next weeks moves.
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.
April 12th Update -> It's too bad the market is so weak because these zones would have been perfect to get on board these stocks. This one is another example of this. Below is a weekly chart showing the area of demand this stock should bounce and head up from, again we will need the markets to help out as well. Let's see how this one plays out. My target would be $15 if I get in this one.
$DHRM --> (Daily) Would like to see this one retrace a bit more into this daily demand area before I get onboard.
April 12 Update -> This one is in the zone and would normally head up from here, but the demand might not be strong enough because of the market. Will still watch for a trade.
$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 no trade for me.
April 9th update -> haven't been able to take my eyes off this one, still think it cracks and drops to my targets. It rallied up to my higher 30 min supply zone and dropped from there.
April 10th Update -> Exactly as planned except the rally to my higher supply zone. Target 1 in sight.
April 12th WINNER update -> What a trade, a 25% winner from my 30 min supply zone to my 1rst target. All outlined and planned before the move.
$HIMX --> (Daily) if $HIMX retraces downwards from here, I'll be interested to take this one long from the zone mapped out below.
$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.
April 12 update -> again, price is within the area of demand I'd like to pick up this position but I can't because of market weakness but will keep an eye on it.
$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.
April 12 update -> again, price is within the area of demand I'd like to pick up this position but I can't because of market weakness but will keep an eye on it.
$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.
April 12 update -> Trade must be canceled due to breach of the zone due to market weakness.
$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.
April 12 update -> Trade Canceled
$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.
April 9th update -> so $HART retraced, missed the first dip but 2nd dip provided a great entry. Now up over 13%.
April 9th profit -> Over 10% profit! So according to rules, the 8 ema crossed over the 89 ema and price closed below the 8 ema signaling me to sell for partial profit. Now riding the rest to the target above. Stop loss is now moved to below the 89 ema.
April 10th update PM -> pre-market take a look at this beauty. Was upgraded by Summer Street and on it's way to my target.
April 12th WINNER update -> This one was a 23% winner from buy zone. Perfectly planned out.
$SBUX --> (30 - Options) waiting for $SBUX to retrace down a little further to the 30 minute demand zone at the $69 range. Right now it's bouncing off a zone that has been previously touched so I don't think it will hold this level. Unless the market shows strength and $SBUX continues with a rally. Will watch this one close to see if it retraces and if it does, I'll be looking to take on some Call options until my target.
April 12th Update -> I want to be in these options so bad but rules say i can't unless market heads up. Will watch.
$TWTR --> (Daily - Options) Twitter is retracing straight back to it's beginnings. In fact its heading right into a weekly/daily demand zone. This is the area where institutions bought twitter heavily. All we need is a little help with the markets going up and twitter is set to have another run up. I'll be playing some Call Options to the targets outlined in the chart.
April 9 Update -> as expected, twitter dropped into the daily demand zone by .05cents and has been up since.
April 9 Option $42 Call -> Bought option this am as I missed entry yesterday before close.
April 12 update -> made a quick scalp on twitter options but still watching this one from a new perspective. See chart.
$KING --> (30) I think we all know $KING, they make all the addictive games. Will the company last, probably not, but what I do know is there is a nice looking area of demand on this 30 min chart. Will play this as a quick trade most likely but I have targets I'd like to get to.
April 10 update -> Trade Activated, in at 17.75. Right after it rallied up... Like Magic! ;)
April 10 WINNER -> took partial and then full position off for a quick profit. If market was stronger I would have stayed in.
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