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Thanks for your support and positive feedback. I've heard from many of you regarding the blog helping you with your trading. Very happy to hear that. 2014 is going to be great!
***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.
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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WINNERS!!! $FB Options 53% Winner, $HART 18% Winner, $FONR 17.5% Winner, $GRPN 11% Winner, $SI_F 5.5% 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.
$SPY 30 Minute Outlook April 29th --> Supply & Demand outlined below.
$SPY Daily Outlook --> Posted April 26th --> Take special note, the $SPY within weekly/daily supply. Institutions should have some sell orders ready to put through up there. Supply pressure now dropping the market into some 30 min demand. May see a bounce from here.
April 28 Update -> Take a look, the $SPY bounce right from the 30 minute demand I had outlined.
$SPY options play for 87% WINNER would have been nice right off that bounce.
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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.
April 28 update -> Profit stop hit at 1300.
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. May even trade the options on this one. Buying June 21 $33 Puts.
April 29 update -> was in, stopped out, moved zone higher and now back in again at 32.42.
$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.
April 28 update -> no trade, showed to much weakness, plus market is down. Plus, I like this new setup a lot better.
$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.
April 28 update -> Price is in the zone but RSI is too weak. Would like to see a rally out and then a retest of the demand zone with RSI above 40.
$HIL (30) April 25 --> Would like this one to rally back up to this supply zone for the bigger drop down.
April 28 Update -> This one hit a high of 7.22 and then dropped from the 30 min supply I had outlined for a nice 5.74% WINNER drop so far.
April 29 update -> Target 1 hit @ 6.59
$ALR --> (Daily - Options) Would like to see this one retrace a bit more into this daily demand area before I get on board.
April 29 update -> Perfect call, came down into the demand zone and now taking off.
$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.
April 28th update -> we were ready for it and take a look at this perfect entry call on $FB. Straight down into the demand zone and then shot out.
April 28 Options -> Played Call options as I said I would. Bought May 2 $54 Calls and reached a high of a 53% WINNER .
$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.
April 28 update -> Profit stop hit at 10.15.
$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.
April 28th update -> 11% WINNER. Target 1 hit.
$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.
April 28 update -> 17.5% WINNER. Target 1 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.
April 28 update -> 18% WINNER and both targets hit.
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