***NEW SETUPS ADDED TO PORTFOLIO BELOW***
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!!! $HART 11% Winner, $FONR 13.5% Winner, $GRPN 7.85% Winner, $SI_F 5 1/2% Winner, $GWPH 57% Winner. $AMCC up 18.5%, $GC_F Gold up 275 points.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 is a great deal of demand to fill buy orders and supply to fill sell orders from the institutions. The $SPY broke up through some supply and is now hitting the above zone. Some weakness showing now. Followed by a drop from the supply zone. All other markets are in their supply zones now as well so I wouldn't be surprised to see some more downside from here.
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.
AUDUSD --> I've got two areas for a possible trade. A short in the 240 supply zone or a long at the 240 demand zone.
EURUSD --> Would like to see the Euro drop down into the 240 min demand zone so I can take it back up to the two targets above.
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.
***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.
$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.
April 25 update -> Gold has rallied 275 points so far.
$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.
April 23 update -> Trade Activated in at 101.21. Price dropped into second demand zone.
April 25 update -> Trade Stopped out. Dropped below my zone so small loss.
$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.
$NFX (30) April 27 --> Just hit a weekly supply zone so now it's on it's way down. Want to catch this one if it rallies up to the 30 min supply zone. Will short it to the two targets outlined.
$DANG (30) April 26 --> just hit weekly demand and also into 120 min demand that was caused by previous supply. These types of setups are my favorite because the zones usually hold up very well. Will wait for market strength to come in and will wait to see if price drop below my zone or not. Targets are outlined.
$ISR (30) April 26 --> Have my eye on this one for one last rally. Not sure if it will be from the highlighted or un-highlighted zone. But I do feel we will see one more rally.
$HIL (30) April 25 --> Would like this one to rally back up to this supply zone for the bigger drop down.
$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.
$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%.
April 25 update -> 18.5% WINNER so far. Target 1 hit and now about to hit target 2.
$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 has now entered the zone.
April 23 Update -> 4.40% WINNER so far.
April 25th Update -> 7.85% WINNER so far. Still in full position as target 1 and/or 8 EMA close above haven't happened yet.
$FONR (Daily) April 21rst --> waiting for this one to retrace up into the supply zone above and then short.
April 23 update -> 9.5% WINNER so far.
April 25 update -> 13.5% WINNER so far. Notice the cross of the 8 EMA below the 89 EMA and now I am waiting for either a strong close above the 8 EMA or for my target 1 to be hit.
$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.
April 23 update -> 57% WINNER! Straight from my setup. Target 2 hit.
$HART (30) On April 14th I posted this chart of $HART. On the chart it shows a supply area at $10.30. An area to short this stock.
April 25 Update -> After reviewing the chart, the setup was perfection and an 11% winner so far. Two targets are outlined.
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