THE MAGIC TRADING PORTFOLIO: *** Monday September 8th*** $USDCAD $AUDUSD $USDCHF $EURUSD $GBPUSD $NZDUSD $EURAUD $USDJPY + Time to make $$$ with Currencies!!! ***PORTFOLIO --> $AUDNZD ***SETUPS --> $NZDUSD $AUDCHF $EURGBP

General Notes:

OK.... back in action. The institutional traders are back at it in full effect and so now it's time to get back in gear and start pumping out some serious currency trades. I've been enjoying the summer and trading very lightly these last couple months. I have been focusing on the currency markets though and making some killer trades that now I will start sharing with you. It's been a while and i have missed the serious action. Lets get this party started!!! Below you'll find my new format only focusing on the currency market. Why currencies? I believe the currency market has the biggest potential to pay on a consistent basis and I don't know about you but I'm in this business to make money! So lets do it, welcome back!

Market Movers Sept 8 - 12th:

The Magic Trading Portfolio's Position Sizing:

Currencies --> Risking only $100 per trade.

Click here for the Week Ahead -> September 8 - 12th, 2014 Market Movers

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 (Daily Chart)

--> $USD still has room to head up until it hits supply at 84.21.

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.

THE SETUP:

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

THE SETUP:

$USDCHF
Commitment Of Traders Report: Institutional traders are LONG biased.

THE SETUP:

$EURUSD

Commitment Of Traders Report: Institutional traders are SHORT biased.

THE SETUP:

$GBPUSD
Commitment Of Traders Report: Institutional traders are LONG biased.

Notes: The pound is hitting some monthly demand, waiting for it to hit weekly demand and then I am set to start a long position. Will update charts when the time is right and I find a good 240 demand zone to take the long position on.
THE SETUP:

$NZDUSD

Commitment Of Traders Report: Institutional traders are LONG biased.

THE SETUP: Want a retrace into 240 demand to take long.

Sept 8th -> Trade Activated, in long at 0.83008, target is 0.83740, stop at 0.82850
Notes: I'm looking at the 240 demand zone within the daily and weekly demand zones. Probability is upward movement and on the 240 min demand zone this last dip within the zone is bringing an RSI above 40 meaning that the next leg up most likely will make new highs. This is what I am looking at and the reasons why I took the trade. :)

Sept 8th -> Stopped out.

$USDJPY

Commitment Of Traders Report: Institutional traders are LONG biased.

THE SETUP: Want a retrace into 240 demand to take long.

$EURAUD

THE SETUP: Supply & Demand outlined below. I would expect to see a further drop in this pair to the 1.34740 area. Euro weakness and Aussie Strength will help but the chart shows no strong institutional demand until the 1.34740 area.

$AUDCHF

THE SETUP: Supply & Demand outlined below. I would expect to see some upside on this pair to the 0.89000 area. Swiss Franc weakness and Aussie strength needed.

Entry -> 0.85800
Stop -> 0.85436
Target 1 -> 0.87220
Target 2 -> 0.89145