***Wednesday October 8th*** $USDCAD $AUDUSD $USDCHF $EURUSD $GBPUSD $NZDUSD $USDJPY --> ***PORTFOLIO ***REVIEW $AUDUSD $GBPUSD $EURUSD

General Notes:

Welcome to October. Last week ended with good $USD data and this week on Wednesday we have

the FOMC minutes. So most likely things will be slow until then. In the meantime, we could see the beginning of some reversals of trends coming this week and next. All majors are hitting higher time frame supply and demand zones so we could see the $AUD $EUR $GBP & $NZD head up and the $JPY $CHF & $CAD head down. Risk amount is at $200 per trade. I will also be making some adjustments to the trades I take. After reviewing my trades, I've noticed the vast majority of them were counter trend trades. I will be making a serious effort to trade more with the trend this coming month as I know the results will be much better than this months. 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 October 6th - 10th:
Click here for the Week Ahead -> Oct 6 - 10, 2014 Market Movers

The Magic Trading Portfolio's Position Sizing:

Currencies --> Risking only $200 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 broke through weekly supply, there is nothing much stopping this from going higher now.

$USD Overview (Daily Chart)

--> 

Economic Data October 7 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. (09/30/14)

Increased <== LONG -> 37k   SHORT -> 33K ==> Increased

Notes: Price about to break through weekly supply.
THE SETUP ==>

$AUDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/30/14)

Decreased <== LONG -> 43k   SHORT -> 45K ==> Increased

Notes:

THE SETUP ==> 

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/30/14)

Increased <== LONG -> 24k   SHORT -> 11K ==> Increased

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

THE SETUP ==> 

$EURUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/30/14)

Increased <== LONG -> 67k   SHORT -> 204K ==> Increased

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

THE SETUP ==> 

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/30/14)

Increased <== LONG -> 54k   SHORT -> 50K ==> Decreased

Notes: Might see more upside on the Pound, as it hit Monthly/Weekly/Daily demand zones.

THE SETUP ==> 

$NZDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/30/14)

Increased <== LONG -> 10k   SHORT -> 10K ==> Increased

Notes: Price just broke through weekly demand, may fall more.

THE SETUP ==> 

$USDJPY -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/30/14)
             Increased <== LONG -> 150k   SHORT -> 29K ==> Increased
Notes: Hit some weekly supply, should be some downside now.

THE SETUP ==> LONG => 107.593, Stop @ 107.309, T1 - 107.984, T2 - 108.484

$AUDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. (09/30/14)

Decreased <== LONG -> 43k   SHORT -> 45K ==> Increased

Notes: Price is breaking through weekly demand zone.

THE SETUP ==> SHORT => 0.87685, Stop @ 0.87700, Target 1 - 0.85990, Target 2 0.85000
October 6 -> Trade Activated
Trade Review ==> click to see review

$EURUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/30/14)

Increased <== LONG -> 67k   SHORT -> 204K ==> Increased

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

THE SETUP ==> SHORT => 1.26147, Stop @ 1.26360, Target 1 - 1.25705, Target 2 - 1.24255
October 6 -> Trade Activated
October 6 -> Trade Closed
Trade Review ==> Click to see review

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (09/30/14)

Increased <== LONG -> 54k   SHORT -> 50K ==> Decreased

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

THE SETUP ==> 
October 6 -> Trade Activated, short at 1.6055
October 6 -> Trade Closed.
Trade Review ==> Click to see review

Institutional Supply & Demand with Sam Seiden (October 3, 2014)

Click 2 Play

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

                                                                    Click link to watch!