***Tuesday September 16th*** $USDCAD $AUDUSD $USDCHF $EURUSD $GBPUSD $NZDUSD $USDJPY -> ***PORTFOLIO --> ***SETUPS -->

General Notes:
Wow, what a week it was, Euro, pound, Aussie and Kiwi dropped hard, while the Yen, Loonie and

Swissy all went flying higher and higher. Next week there will be a lot of data coming out for the Pound and USD so it will be interesting to see what happens with the Pound as it has been dropping hard and finally bounced off of the daily demand zone I posted on the portfolio blog before the move happened. The Portfolio did very well this week, considering the $100 RISK TOLERANCE. After two more weeks of profitable trading, I will be increasing my risk tolerance to $200. Things will be slowly getting more interesting for sure. As always I will be working on the charts this weekend, looking for more opportunites to make $$$, so until then, do yourself a favor and watch the Sam Seiden video I posted on the bottom of the blog and I'll catch you later!

Market Movers Sept 15 - 19th:
Click here for the Week Ahead -> September 15 - 19th, 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 still sitting within daily supply, may just eat through all the supply orders before continuing upwards.

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.

LONG -> 21k   SHORT -> 33K

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. 

$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.

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.

$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.

LONG -> 23k   SHORT -> 9K

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.

LONG -> 59k   SHORT -> 216K

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.

LONG -> 81k   SHORT -> 54K

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: 

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

LONG -> 14k   SHORT -> 4K

Notes: I think the daily demand zone price is hitting here may just break down as it was tested before back in February.
THE SETUP: 

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

LONG -> 117k   SHORT -> 17K

THE SETUP: 

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.

                                                              

Institutional Supply & Demand with Sam Seiden

Click 2 Play

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

Click link to watch!