Taking the day off today to explore an area of Ontario called Muskoka. To me, it's the best place in the world to be. It's about 2 hours drive north of Toronto and I try to make the trip up there as often as I can. A lot of celebrities, sports stars and super rich have cottages up there. My dream is to build enough wealth through trading to one day buy myself a cottage up there and to eventually trade from there full time. The scenery is breathtaking and I'll share with you pictures from there in the future. Until then, lets get back to the portfolio.***NEW SETUPS ADDED TO PORTFOLIO BELOW***
It's important to take days off from trading to relax the mind and enjoy some outdoors time, but when you miss setups that you planned beforehand and you could have made serious $$$, it hurts. $AMZN for instance, said I would play the options based on a rally using my setup, take a look below at the update showing how I could have made a nice 96% return playing options. 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 concentrating on shorting from supply zones above. I don't know if I'm convinced entirely that we are now starting a downtrend. To me price is just dropping to where there is fresh demand. It is how it reacts to this demand zone that will tell me if we are now starting the drop everyone has been waiting for. Don't let the media scare you with market crash talk, if we do go down from here, beautiful, we 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.
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The EURUSD trade was a great, it's a 230 pip winner, and the trade is now closed. The CHFUSD trade has been activated and is looking great so far. Now need it to cross the 89 EMA for the 8 EMA strategy to be in effect. I added another currency setup to the mix. Plus, added setups for $FB $AMZN $GMCR $GS & $HLF. Gold futures setup also added. $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:
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
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 can thrust these markets to new highs. If you take a look at the charts below, the markets are rallying right up to supply.I'll be shorting this market when price hits the red 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. 
***UPDATE*** -> Take special note, the $SPY is heading toward weekly/daily supply up ahead. Institutions should have some sell orders ready to put through up there. My plan is to focus on shorting when the market gets into that zone.
$SPY --> Here's the $SPY on a 30 min chart, with a few supply zones drawn out.
April 15 Update -> Now this is what happened today. I nailed the turning point of the market perfectly.
April 15th option -> Using the chart above, showing the turning point of the market pre planned, an option trade such as the one below would have returned a nice 134% win.... to bad I was out all day!
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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.
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
April 13th Update --> now it's about the rules. Need price to trade above the 89 EMA for the 8 EMA rule to kick in.
April 15 Update -> Price is about the cross the 89 EMA, after that we should see the momentum pick up.
April 16th 7am -> price retraced down but on the bounce created an RSI above 40 meaning next run up should make new highs. Still holding for 8 EMA to cross above the 89 EMA. Stop loss moved up below bounce zone.
April 16 5:20pm -> trade looking great, as my rules suggest. If there is a retrace into a demand zone and the RSI is above 40 then I am expecting for price to make higher highs just like in this example below.
***GBPUSD*** --> This is probably my favorite setup out of all that I have on watch right now. here's another million dollar trade with the British pound. Waiting for price to retrace to the 240 demand and will ride this one up to the two targets mapped out.
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_F --> (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.
$GC_F --> (Daily) here's a daily chart of Gold, I've outlined two areas of demand and supply. Gold has already entered the supply zone so will wait for another retrace up to short to the lower levels.
April 14 Update -> Trade Activated in at 1327.9
April 14 Update -> so far so good on this setup. I'll let it drop below the 8 EMA and then watch it from there.
April 15 Update -> Gold position up nicely this am. Going to take half my position off.
April 15th 11:25pm -> gold now continuing it's drop. Looking good.
April 16 12am -> Exited my gold position for profit as it looked like a bounce with about to begin.
$NQ_F --> (30) Nasdaq e-mini futures setup... has a nice 20 min demand zone just below, will wait for retrace and then ride this back up. 30 minute chart strategy place.
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.
$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.
$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.
April 15th update -> Take a look, ended up getting a nice little rally out of the demand zone, even after the small breach.
$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.
April 14 Update -> Starbucks 30 min demand zone is holding up and RSI is getting stronger, this is what I want to see in a setup. If market continues to rally, then this could be a nice option play. Target outlined on chart.
April 15th Update -> we got a nice $1.22 rally out of this one before dropping with the market and breaking through the demand zone.
$FB --> (Daily) this could be a great trade setting up here. If both the market and facebook drop into their daily demand zones around the same time then I'll be looking to buy some call options.
$AMZN --> (Daily) Amazon has already entered a weekly demand zone that isn't the freshest zone but it is at the bottom of a strong move up meaning the institutions were buying at this point. Are they interested in buying again? Thats the question. I'm expecting a rally up to the supply zone and then a drop. Will use options to profit from these moves.
April 15th Update -> price dropped lower into the demand zone and is now heading out.
April 15th Option Update -> this 305 April 19 Call option would have been perfect to play AMZN based on my chart setup today for a nice 96% win!
$GMCR --> (Daily) This one will take some time to setup but some great areas of demand and supply are mapped out below. Will make a great option trade soon.
$GS --> (Daily) two options to choose from, a long and short opportunity here. Another option play for me.
$AMCC (Daily) April 16th 5:30pm --> If the market decides to continue on this rally, this setup is really nice. Just hit a weekly demand zone and would expect it to rally from here.
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