***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. Oh well, it happens, hope you are taking advantage of this information.
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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WINNERS!!! $SI_F 5 1/2% Winner, $GWPH 40% Winner. $AMCC up 8.43%, $AMZN rallied 8% up from the demand zone I outlined, $GC_F Gold was a dead on short call for a really nice profit on 400 points, $TWTR setup was perfection, rallied up 16% and it's really too bad I wasn't around to play the options on that setup because the options were a 516% Winner. The CHFUSD trade hit a high of 92 pips. 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 have rallied right up into supply.We are at a crucial time right now. Will price break up through the supply and show really strong bullish strength or will it drop out of the supply zone and continue with the bearish pressure.
***UPDATE*** -> Take special note, the $SPY within weekly/daily supply. Institutions should have some sell orders ready to put through up there. But I will wait and see how the market reacts.
$SPY --> Here's the $SPY on a 30 min chart, with a few supply zones drawn out.
April 18th Update -> here's a 5 min chart. take a look at how price reacted to the supply zones i mapped out.
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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.
April 18th -> Profit Stop - Added to my position and was given a a higher average price, then price started to drop and I placed my stop loss below the demand area to protect profits. Well, price dropped just below that and took out my stop only to rally right after that! Grrr! Should still be in this one and the 8 EMA is just now crossing the 89 EMA.
April 21 WINNER -> btw the 1rst target has now been hit from my setup. A 92 PIP WINNER!
***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.
NZDUSD April 18 --> Waiting for the NZD to retrace into this daily demand zone so I can get on the trend to the long side.
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.
$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.
$GC_F (240) April 19th --> Have outlined a few supply and demand zones I'm watching for possible entries.
April 22 update -> Trade Activated in at 1276.50.
$CL_F (240) April 19th --> missed my entry on this Oil trade when I was away on Wednesday touring Muskoka. You probably noticed that this setup also was not posted on the portfolio watch. I don't post everything i have on watch on the blog simply because it would be too much to keep track of. Instead i set alerts to go off when price comes close to the zones and then I will post them on here. I'll outline targets as when get closer to trade activation.
April 22 update -> Price has dropped considerably. No trade.
$SI_F --> (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 22 Update -> Over 5 1/2% Winner drop from my supply zone. Setup to perfection.
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.
$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!
April 18th 7% WINNER -> Perfect call here on Amazon. Up 7% from the demand zone.
$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.
$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.
April 18th update -> price has started it's rally out of the demand zone, reached highs of 3.95%.
April 21 update -> Rally looking great, up 8.42%.
April 22 update -> Rally now up 11.88%.
$TWTR (Daily) On April 12th I posted this:
April 12 update -> made a quick scalp on twitter options but still watching this one from a new perspective. See chart.
April 18th WINNER -> really sorry I took my eyes off this one as it was a perfect call to the first target. take a look. A nice 16% WINNER.
April 18 Options WINNER -> The options play was a 516% WINNER.
$GRPN (30) April 18th --> This one is rallying up nicely toward an area that was previous demand now supply. I think it will drop from there. Will wait for price to trade into the zone and take entry as it drops from the zone.
April 22 update -> Trade Activated - price had now entered the zone.
$FONR (Daily) April 21rst --> waiting for this one to retrace up into the supply zone above and then short.
$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.
April 22 update -> 40% WINNER! Straight from my setup. Target 1 hit.
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