***Friday September 19th*** $USDCAD $AUDUSD $USDCHF $EURUSD $GBPUSD $NZDUSD $USDJPY -> ***PORTFOLIO --> $GBPUSD $NZDUSD ***SETUPS -->

General Notes:
I'm on my way to a third straight week of trading profitable. One more week to go and then I will be raising my risk tolerance to $200 per trade. I'm pretty excited, since wanting to start from scratch after losing a ton of cash trading like a mad man. Now I am focused and am going to do what I need to do to reach my trading goals. So far so great! Every trade will be detailed on this blog. My path to millions will all be documented here, trade by trade. One day family, friends and my children will look through the pages of this blog and see what it took to be successful at trading! I am pumped and have been trading better then ever lately. Starting small and will eventually get bigger and bigger, all while training my mind to get used to risking more and more! Love this game!

Market Movers Sept 22nd - 26th:
Click here for the Week Ahead -> September 22 - 26th, 2014 Market Movers

The Magic Trading Portfolio's Position Sizing:
Currencies --> Risking only $100 per trade. As my risk tolerance gets larger, I will slowly start increasing my risk amount. This is how you become a consistently profitable trader.

You can follow, learn & PROFIT from The Magic Portfolio by following the members only @MagicAlerts on Twitter. 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. 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***

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 to The Magic Trading Portfolio all day live, my advice is if you have an iphone etc, turn notifications on for my account @magikev to get the updates to the portfolio. If you missed an update, just come to the blog and check on the right side where the twitter feed is located and go through the feed to see what updates you may have missed. Otherwise, subscribe to the email updates and receive them in your inbox.

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

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. 


$USD Overview (Weekly Chart)
--> $USD still has room to move upwards until weekly supply at 85.38.

$USD Overview (Daily Chart)

--> $USD created a higher high but RSI fell, I believe we head down from here toward daily demand at 83.00.

Economic Data September 19 update:

Currencies:

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 the opposing daily or weekly supply zone/demand zone.

$USDCAD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/16/14)

Longs Increased <== LONG -> 29k   SHORT -> 37K ==> Shorts Increased

THE SETUP: 

$USDCAD Long-Term Position Trade (September 16, 2014): Idea is to open a position on the $USDCAD within daily demand zone and hold until 1.11669 area or when daily supply zone is reached.

$AUDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/16/14)

Longs Decreased <== LONG -> 55k   SHORT -> 33K ==> Shorts Increased

THE SETUP:

$AUDUSD Long-Term Position Trade (September 15, 2014): Idea is to open a position on the $AUDUSD within weekly demand zone and hold until 0.96000 area or when weekly supply zone is reached.

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/16/14)

Longs Increased <== LONG -> 24k   SHORT -> 12K ==> Shorts Increased

THE SETUP: might get a drop from the 240 supply zone, but demand just below so no trade for me.
Sept 9 -> price dropping from the 240 supply.

$EURUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/16/14)

Longs Increased <== LONG -> 79k   SHORT -> 216K ==> Shorts the same

Notes: The Euro is hitting some daily demand so should see a bounce here.
THE SETUP: 

$GBPUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/16/14)

Longs Decreased <== LONG -> 55k   SHORT -> 62K ==> Shorts Increased

Notes: The pound is hitting some monthly, weekly and daily demand, once it hits 240 demand I can't help but be long biased this pair.
THE SETUP: 

Sept 19 (10:25am) -> Trade Activated, Long @ 1.6314, Stop @ 1.6287, Target 1 - 1.6435, Target 2 - 1.6514

$NZDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/16/14)

Longs Decreased <== LONG -> 9k   SHORT -> 8K ==> Shorts Increased

Notes: Price hitting some 240 demand and daily demand, all within weekly demand, and good $NZD data just came out. Let's see what happens.
THE SETUP: 

Sept 17 (7:40pm) -> Trade Activated, Long @ 0.80948, Stop @ 0.80855, Target 1 - 0.82565, Target 2 - 0.83750 (notice 240 RSI is weak, so will need a pullback to make new highs.)

Sept 19 (8:30am) - 240 RSI dip above 40 RSI - new highs.

$USDJPY -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/16/14)

Longs Increased <== LONG -> 120k   SHORT -> 37K ==> Shorts Increased

THE SETUP: 

$GBPUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/16/14)

Longs Decreased <== LONG -> 55k   SHORT -> 62K ==> Shorts Increased

Notes: The pound is hitting some monthly, weekly and daily demand, once it hits 240 demand I can't help but be long biased this pair.
THE SETUP: 

Sept 19 (10:25am) -> Trade Activated, Long @ 1.6314, Stop @ 1.6287, Target 1 - 1.6435, Target 2 - 1.6514

$GBPUSD -> 

Notes: The pound is hitting some monthly, weekly and daily demand, once it hits 240 demand I can't help but be long biased this pair.
THE SETUP: 

Sept 18 (7:30pm) -> Trade Activated, Short @ 1.6442, Stop @ 1.6505, Target 1 - 1.6318, Target 2 - 1.6211
Sept 18 9pm -> Stopped out. Vote speculation.

$USDCAD -> THE SETUP: SHORT -> Selling in the 240 supply zone. Entry - 1.10834, Stop -

1.11107, Target 1 - 1.10265, Target 2 - 1.09595
September 12 -> Trade Activated.
Sept 15 -> Added to my short position on 30 min supply zone
Sept 15 -> Took some profits off the table at 1.10540.
Sept 16  7:30am -> added more at 1.10369 short, RSI is below 40, broke past yesterdays lows.
Sept 16 8:30am -> news came out as expected, bad $USD data and good $CAD data.

Sept 16 12:10pm -> closed position for PROFITS! Hitting daily demand zone.

$USDCAD -> 

THE SETUP: The idea it to go long the $USDCAD because price is dropping from weekly supply and is about to hit weekly demand. I'd like to long the pair within weekly/240 demand zone, up to the 1rst target for profits and then ride the rest to the next fresh 240 supply zone. 

Sept 17 -> Trade Activated, In long at 1.09578, Stop at 1.09260, Target 1 at 1.10280, Target 2 at 1.11530.
Sept 17 -> Closing the $USDCAD trade as I'm not liking the price action and the bad US data that came out.

                                     

$AUDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased.

LONG -> 73k   SHORT -> 32K

THE SETUP:

Sept 14 -> Trade Activated, Long at 0.90135, Stop - 0.89849, Target 1 - 0.90847, Target 2 - 0.91619 
Sept 15 -> Stopped out, price broke through the 240 demand zone, now it's rallying. Will find a better entry.

                     

Institutional Supply & Demand with Sam Seiden (September 19, 2014)

Click 2 Play

Great video to watch -> Will help you in your trading psychology!

Click link to watch!