THE MAGIC TRADING PORTFOLIO: ***Friday September 26th*** $USDCAD $AUDUSD $USDCHF $EURUSD $GBPUSD $NZDUSD $USDJPY -> ***PORTFOLIO --> $USDJPY ***SETUPS --> $AUDUSD $GBPUSD $CHFUSD $NZDUSD $USDCAD $EURUSD ***REVIEW => $AUDUSD

General Notes:

Finished 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!

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 $USD's 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, currencies need to be trending upwards to take entry of setups in the GREEN zones or currencies 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 breaking out of daily supply, heading toward weekly supply now at 85.38.

Economic Data September 25 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. (09/23/14)

Decreased <== LONG -> 24k SHORT -> 27K ==> Decreased

Notes:
THE SETUP: Idea here is that price is hitting some fresh but not authentic supply which should cause price to retrace to the 30 min demand zone, get a bounce out and head toward the fresh and authentic 30 min supply zone, drop, then head back up to finally hit the 240 supply zone up above for a 2nd target.

THE SETUP: LONG ==> 1.10299, Stop at 1.10035, Target 1 - 1.11210, Target 2 - 1.11890

$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. (09/23/14)

Decreased <== LONG -> 47k SHORT -> 38K ==> Increased

Notes: Price is hitting a monthly demand zone.
THE SETUP: SHORT ==> 0.88576, Stop @ 0.88786, Target 1 - 0.87646

$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. (09/23/14)

Decreased <== LONG -> 21k SHORT -> 8K ==> Decreased

Notes: Looks like price will rally and make new highs.

THE SETUP: LONG ==> 0.94155, Stop @ 0.93985, Target 1 - 0.95175, Target 2 - 0.96585

$EURUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/23/14)

Decreased <== LONG -> 60k SHORT -> 202K ==> Decreased

Notes: Price hits weekly/daily/240 demand. Trend change time?
THE SETUP:

THE SETUP: SHORT ==> 1.28268, Stop @ 1.28538, Target 1 - 1.27073

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/23/14)

Decreased <== LONG -> 53k SHORT -> 54K ==> Decreased

Notes: Price just about to hit daily demand, then probably more upside.
THE SETUP:

THE SETUP: LONG ==> 1.6201, Stop @ 1.6146, Target 1 - 1.6374, Target 2 - 1.6462

$NZDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/23/14)

Same <== LONG -> 9k SHORT -> 8K ==> Decreased

Notes: Price just broke through weekly demand, may fall more.
THE SETUP: Price just broke through daily/weekly demand and will most likely head further down. Will wait for a rally to 30 supply and short from supply to the two targets outlined. 1rst target will be opposing 30 fresh demand, 2nd will be opposing fresh and authentic 30 demand. 30 min supply zones have been holding in the past and 30 min demand zones have been violated. Entry zone is within the equilibrium as well meaning this is a high probability trade.

SHORT ==> 0.79970, Stop @ 0.80280, Target 1 - 0.78566

$USDJPY -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/16/14)
Increased <== LONG -> 133k SHORT -> 28K ==> Decreased
Notes: Even though negative data was released, price rallied.

THE SETUP: LONG ==> 109.135, Stop @ 108.915, Target 1 - 110.015

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

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

THE SETUP:

SHORT ==> 108.798, Stop @ 108.975, Target 1 - 107.593, Target 2 - 106.475
Sept 24 -> Trade Activated
Sept 24 -> Trade Closed for profit ($USD strength)

$EURUSD

LONG ==> 1.27855, Stop @ 1.27470, T1 - 1.28454, T2 - 1.29088

September 24 -> Trade Activated

Sept 24 -> Stopped out. (counter trend)

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

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

Notes: Price is hitting a monthly demand zone.
THE SETUP #2: SHORT at 30 min supply zone, Stop at 0.89193, Target 1 - 0.87840

Notes: The Aussie, is bouncing off of a RBR 240 demand with a low RSI, idea is to short at the 30 min supply zone and catch the trend downwards to the next fresh 30 min demand zone below. 30 supply is within a 240 supply DBD as well. Price has broken through some weekly demand and seems to want to continue heading downward. Entry will be close to the equilibrium so higher risk here, but trade makes sense to me.

Sept 23 12:19am -> Trade Activated, short at 0.89044, stop @ 0.89185, target 1 - 0.87845
Sept 23 1am -> Stop hit

REVIEW: Price respected 240 supply instead of the 30 supply. Might have been to close the 30 supply.

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

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

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.)