I've added a new feature to my portfolio. Some of you have asked for a way to receive alerts instantly to your phone and setups that I am watching that are not posted on the blog. I have created a members only private twitter account for subscribers to the blog only. You'll get all trade alerts including entries, exits, targets hit, comments and setups that I am watching that I don't post on the blog.
@MagicAlerts followers have already received massive benefits for following. I've posted many chart setups that were huge winners today. If your not in, follow @MagicAlerts on twitter and after I accept your connection take a look at the setups posted and the results. I am mapping out Institutional Demand & Supply for you. Do your own DD and use the info whatever way you see fit. I'm making $$$ from it.
***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!
How to keep updated with the blog? I tweet updates and trade alerts all day live, my advice is if you have an iphone etc, turn notifications on for my account @magikev to get the alerts right away. If you missed the alert, just come to the blog and check on the right side where the twitter feed is located and go through the feed to see any new updates you may have missed. Otherwise, subscribe to the email updates and receive them in your inbox.
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| $BBY RSI Lesson |
WINNERS!!! $BBY $NFLX 14.87%, $HIL 14.66%, $GRPN 11%, $FONR 17.5%, $ALR 6.70%, $FB 318% 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
What I know about trading comes this from this guy right here. Must watch!!!
(If you can't see the video, try the link below)
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 and then dropped down from it and now is rallying back up into it. Once price trades into a zone and leaves, that zone becomes weaker. The reason for this is because the orders that were once there were filled, which caused the movement of price. So now when price enters that zone for a second time, there is a smaller chance price will react as it did the first time. The zone can now be breached!
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.
$NQ_F (30) April 30 --> Supply & Demand mapped here on the futures. Will short at supply and long at demand.
May 1 update -> Price rallied, hit the supply zone and dropped.
May 2 update -> Supply being respected twice.
$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.
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.
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| 30 Minute Chart 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.
$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 2 --> Retrace to the 30 min demand zone and then go long is the plan.
$BBY (Daily) May 1 --> Would like a bigger rally so I can watch for weakness in the supply zone above and then short.
$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.
$NFLX (Daily) April 29 --> Two great areas of Supply and Demand here. Will wait for a small retrace into the demand zone before playing some Call options. Targets will be posted when price enters the zone.
May 1 update -> Price dropped and has now rallied up from the demand zone. It' hit a high of 14.87% WINNER!
$FSLR (Daily) April 29--> mapped out some areas of demand. Waiting for more of a retrace before I jump in here. I'll place some targets once price trades down there. Will be a nice trade.
$FEYE (Daily) April 29 --> This one is retracing to a nice demand zone. There should be some institutional orders to buy this stock down there. Only thing is earnings is coming soon. Will watch.
$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.
$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
April 29 update -> 14.66% Winner. Both targets hit. To the penny. Talk about accurate.
$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.
May 1 update -> Price rallied up from the demand zone and is now a 6.70% WINNER!
$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.
May 1 Options -> Options hit a high of 318% WINNER! The chart setup was perfect as well.
$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.
$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.
May 1 update -> here's a break down of how I traded $FONR showing my exits and why I did what I did.
MUST WATCH VIDEO - HOW TRADING REALLY WORKS
(If you can't see the video, try the link below)
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