Click here for THE WEEK AHEAD MAY 12 - 16, 2014
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trader. Any questions should be sent as a direct message to me in order to keep the feed clear for Magic Portfolio related tweets. I am only interested in serious traders joining. I'll be sharing my thoughts on the markets, providing video lessons on trading Supply & Demand and also be sharing with followers some very exclusive stuff. You'll have to follow to find out what. I am mapping out Institutional Demand & Supply for you. Do your own DD and use the info whatever way you see fit. Welcome to The Magic Trading Portfolio!
***NEW SETUPS ADDED TO PORTFOLIO BELOW***
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WINNERS!!! $FSLR 5.76% $KING 16% $SPY 53% $NFLX 14.87%, $HIL 14.66%, $GRPN 11%, $FONR 17.5%, $ALR 6.70%, among many more from @MagicAlerts on Twitter!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. IMPORTANT LESSON: The $SPY has hit supply so many times that it has eaten up all the supply orders there was and has now driven right up past and into new territory. The Dow Jones has also broken new highs, but the Russel and Nasdaq have still been under performing With a lot of supply still up ahead, I don't believe we will see them break to new highs.
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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.
$CADUSD --> The Canadian Dollar Hit some weekly supply and RSI showed weakness so it heading DOWN as shown in the daily chart. The ideal trade is to wait for retraces into supply zones to join the trend downwards until we reach the weekly demand zone.
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| CADUSD WEEKLY CHART |
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| CADUSD DAILY CHART |
THE SETUP: Now it just bounced up from 240 demand and the plan is to short it from the 240 supply back down to the demand down below.
$AUDUSD --> The Australian Dollar hit weekly demand in January and headed UP. The ideal trade is to wait for retraces into demand zones to ride the trend upwards until we reach the weekly supply zone.
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| AUDUSD WEEKLY CHART |
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| AUDUSD DAILY CHART |
THE SETUP: Waiting for price to hit the daily supply where I will take a short position.
$CHFUSD --> The Swiss Franc is just coming off of weekly demand which leads me to believe we may see a trend change here and it may start heading UP. Taking a look at the daily chart you can see price bounced twice from the weekly zone with the RSI getting stronger. Therefore, price rallied. The ideal trade is to wait for retraces into demand zones to ride the trend upwards.
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| CHFUSD WEEKLY CHART |
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| CHFUSD DAILY CHART |
THE SETUP: (May 15) Will wait for a retrace to this 240 minute demand zone and take this one long as per trend.
THE SETUP: Will trade this one short as it hit daily/240 supply, right down to the 240 demand where I will ride it long.
May 13 update -> Trade Activated short @ 0.89020
May 15 update -> Stop hit for small loss. Pressure is to the upside.
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| EURUSD WEEKLY CHART |
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| EURUSD DAILY CHART |
THE SETUP: Will wait for a rally up to the 30 min supply and then short.
$GBPUSD --> The British Pound just hit weekly supply and looks to be starting to trend DOWN. The ideal trade is to wait for retraces into supply zones to join the trend downwards.
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| GBPUSD WEEKLY CHART |
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| GBPUSD DAILY CHART |
THE SETUP: 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 --> The New Zealand Dollar just hit weekly supply and looks to be starting to trend DOWN. The ideal trade is to wait for retraces into supply zones to join the trend downwards until we reach the weekly demand zone.
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| NZDUSD WEEKLY CHART |
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| NZDUSD DAILY CHART |
THE SETUP:
May 7 update -> shorting this would have been perfect based on the supply zone.
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.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.
$HG_F (240) May 12 --> Going to watch as price enters the daily supply zone, wait for weakness and short.
$HG_F (240) May 11 --> Copper is heading right toward some nice 240 min supply. I'll look to short in that zone. Targets will be outlined then.
May 12 update -> CANCELED - No weakness shown when price entered zone, therefore trade canceled.
$NG_F (240) May 11 --> Here's the supply & demand I see on the Nat Gas chart. Will short and long in the respective zones.
May 13 update 2:25pm -> Trade Activated Long @ 4.363
$GC_F (240) May 10 --> Here's my setup for playing Gold. Almost hit the supply zone this am but not yet. Will wait for this one to setup.
$CL_F (240) May 1 --> I like this setup a lot better than th previous one. It's a fresh demand zone meaning price hasn't come here before.
May 2 update -> Missed entry.
Stocks & Options:
The Trinity Trading Strategy:
Chart Setup --> 30 Minute chart has an 89 period EMA, a 45 period EMA and an 8 period EMA, RSI indicator of 60 overbought and 40 oversold.
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| The Trinity Trading Strategy |
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 the 8 EMA crosses the 89 EMA and after the 45 EMA 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.
$PVA (Daily) May 14 --> I like this chart because supply & demand are clearly shown. Idea is to long at demand and sell at supply.
$NYT (Daily) May 14 --> I'd like for market drop to pull this one lower into the daily demand for me to go long.
$CYH (30) May 14 2:27pm --> Want to see a straight rally up into the 30 min supply zone for a short position.
$GRPN (30) May 13 --> Here is a similar setup to $CECO, like it for all the same reasons. Short at 30 min supply.
$CECO (30) May 13 --> I like this setup a lot. Played setups like this many times before. Major drop in price because of earnings, Now a run up right toward a supply zone. Will wait for price to enter zone and then short.
$AMAT (Daily) May 13 --> Will trade both long and short positions on these zones.
$ZNGA (30) May 11 --> Hit daily demand and has retraced with a stronger RSI. Will keep on close watch to see if it continues. If so, I'll long it to the two targets above.
May 13 update -> Target 1 hit for 8% WINNER!
$KATE (Daily) May 5 --> Posted this setup a few days back on @MagicAlerts. Price is getting very close to the supply zone where I plan to short it.
May 14 update -> Trade canceled, earning were strong.
$WYNN (Daily) May 2 --> Would like to see this one run a little higher right into this daily/weekly supply zone where I will look for weakness and then short it down.
$YELP (30) May 10 --> Both Demand & Supply here look good to me. Will play Call or Puts on each of these zones, if market is hitting the same colored zone as well.
$EXPE (Daily) May 1 --> Idea is to short Expedia when price enter the supply zone and wait for weakness to show before opening position.
$YHOO (Daily) April 30 --> Will trade off of both these zones. Will be patient and wait for the setup.
$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.
EARNINGS: MAY 15 -> BEFORE OPEN
April 28 update -> no trade, showed to much weakness, plus market is down. Plus, I like this new setup a lot better.
May 7 update -> price dropped to the bottom of the zone and then started to rally. Will wait for more strength to show.
May 13 update -> Price has rallied for a 19% WINNER so far.
$ARUN --> (Daily) Would like to see this one retrace a bit more into this daily demand area before I get onboard.
EARNINGS: MAY 20 -> AFTER CLOSE
May 10 update -> would like to see the RSI continue to build strength and the market to get stronger as well before I take entry.
May 13 update -> Rallied for a nice 5% WINNER so far.
MUST WATCH VIDEO - HOW TRADING REALLY WORKS
(If you can't see the video, try the link below)
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