Wednesday, November 5, 2014

***Thursday November 6th*** Welcome all new members!!! ***PORTFOLIO -> ***REVIEW -> $USDCHF $EURUSD


General Notes:
First of all, welcome all new subscribers to the blog! I hope this blog helps in your journey to become the best trader you can be by giving you the edge you need to make great trading decisions. A lot of mixed data out on Thursday. The $USDCAD is setting up for a nice short soon as well as the Japanese Yen. See my latest video detailing my game plan for a short position on the JPY HERE. Being that this is the case, I would have to say that we probably get a little more upward movement on the $USD and then some bad data will come out and then price will drop bringing the $USDCAD and the $USDJPY down with it.The CFTC Commitment Of Traders Report came out Friday and all the data can be found below under each currency section. You can also watch the video I made breaking down the data HERE. Opened two trades this past week and I posted a video link to both of them below in the Currency section, highlighted in yellow. You can also check out the $EURUSD trade video HERE and the $USDCHF trade video HERE. So congrats to those who sent me messages thanking me for the setups and alerts as they banked big time! Nothing makes me happier than to be able to help others make money from the banks that have been stealing it from us for years! Here's to our SUCCESS! ********** CHEERS! ************ We should all be heading to the bar tonight for some celebratory drinks!
Yes, finally, I started my YouTube channel, where i will be posting my thoughts and analysis on the FOREX currency pairs. No, it's not another analysis video, using regular technical analysis thats wrong more often than not, this is Supply & Demand baby, this is where the institutions have Buy and Sell orders. This is the real deal technical analysis!



Market Movers November 2nd - 8th:
Click here for the Week Ahead -> Nov 3 - 7, 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 the US Dollar and the $USDCAD, $USDCHF or $USDJPY are both entering their same coloured zones at around the same time or if the US Dollar and the $EURUSD, $GBPUSD, $AUDUSD or $NZDUSD are both entering the opposite coloured zones then the probability of the setup working out is highest. 
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)
Perception of Monetary Standing: HAWKISH => NUETRAL
--> $USD is clear sailing until the 88.64 area where it will be hit with some supply.

$USD Overview (Daily Chart)
--> We are off to the races here folks with more upside expected.

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 LONG biased. (10/28/14)
Decreased <== LONG -> 47k   SHORT -> 26K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price is setting up here for a drop IMO. Idea is that price will break up to new highs and head to weekly supply at 1.16000. From there it will drop.
THE SETUP ==> 
Video Link ==> THE SETUP

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (10/28/14)
Increased <== LONG -> 17k   SHORT -> 51K ==> Increased
Perception of Monetary Standing: DOVISH
Notes: The Aussie hit weekly demand that is not authentic but fresh so this level should not hold. Now consolidating sideways and then should drop and break through the weekly demand zone area and head to at least daily demand at 0.84000.
THE SETUP ==> Short @ 0.87925, SL @ 0.88121, T1 - 0.87388
Video Link ==>

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (10/28/14)
Increased <== LONG -> 27k   SHORT -> 6K ==> Decreased
Perception of Monetary Standing: NUETRAL
Notes: Price just hit daily demand and is heading higher, if 0.95927 break then I think we will see 0.98's and higher. 
THE SETUP ==> Long @ 0.9555, SL @ 0.9575, T1 - 0.9752, T2 - 9855
Video Link ==> THE SETUP
Oct 30 -> Trade Activated
Nov 3 -> Looking to add to my position @ 0.95970
Nov 4 -> Added to my position and moved my stop up.
Nov 5 -> Took some profits @ 0.9655, moved stop to 0.9610
Nov 6 -> Stop hit, Trade Closed.

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (10/28/14)
Decreased <== LONG -> 59k   SHORT -> 224K ==> Increased
Perception of Monetary Standing: DOVISH
Notes: Weekly RBR demand hit and price went higher towards daily/weekly supply.  Now it is dropping toward weekly demand at 1.24's.
THE SETUP ==> Short @ 1.2598, SL @ 1.2526, (T1 - 1.2527 hit), T2 - 1.2367
Video Link ==> THE SETUP
Oct 30 -> Trade Activated
Nov 2 7:45pm -> Target 1 hit
Nov 3 -> Looking to add to my position @ 1.25670
Nov 4 -> added to my short position @ 1.2567, moved stop lower at 1.2595
Nov 5 -> Took some profits @ 1.2474, moved stop to 1.2526
Nov 6 -> Stop hit, Trade Closed.

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (10/28/14)
Increased <== LONG -> 40k   SHORT -> 46K ==> Increased
Perception of Monetary Standing: HAWKISH => NEUTRAL
Notes: Might see more upside on the Pound, as it hit Monthly/Weekly/Daily demand zones. Price hit the 240 demand zone and is heading on up, should head up to the weekly supply at 1.6238 - 1.6416 and then drop. 1.65 weekly supply is where we are eventually headed IMO.
THE SETUP ==> 
Video Link ==>
$USDJPY -> Commitment Of Traders Report: Institutional traders are LONG biased. (10/28/14)
             Decreased <== LONG -> 91k   SHORT -> 23K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Hit some weekly supply and dropped and hit daily/weekly demand, now price is heading back up but right into weekly supply at 109.01 - 110.08. RSI will show negative divergence when price gets up there so we could see more downside towards weekly demand at 104.46. Institutions took profits on their long position at the 110.000 area as per COT Report.
THE SETUP ==> 
Video Link ==> THE SETUP

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (10/28/14)
Same <== LONG -> 8k   SHORT -> 12K ==> Increased
Perception of Monetary Standing: HAWKISH
Notes: Price came within pips of the weekly supply and then dropped towards the weekly demand. May get a bounce creating a higher RSI and then back up toward weekly supply.
THE SETUP ==> 
Video Link ==>



$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (10/28/14)
Increased <== LONG -> 27k   SHORT -> 6K ==> Decreased
Perception of Monetary Standing: NUETRAL
Notes: Price just hit daily demand and is heading higher, if 0.95927 break then I think we will see 0.98's and higher. 
THE SETUP ==> Long @ 0.9555, SL @ 0.9575, T1 - 0.9752, T2 - 9855
Video Link ==> THE SETUP
Oct 30 -> Trade Activated
Nov 3 -> Looking to add to my position @ 0.95970
Nov 4 -> Added to my position and moved my stop up.
Nov 5 -> Took some profits @ 0.9655, moved stop to 0.9610
Nov 6 -> Stop hit, Trade Closed.
Review ==> Click 2 Review

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (10/28/14)
Decreased <== LONG -> 59k   SHORT -> 224K ==> Increased
Perception of Monetary Standing: DOVISH
Notes: Weekly RBR demand hit and price went higher towards daily/weekly supply.  Now it is dropping toward weekly demand at 1.24's.
THE SETUP ==> Short @ 1.2598, SL @ 1.2526, (T1 - 1.2527 hit), T2 - 1.2367
Video Link ==> THE SETUP
Oct 30 -> Trade Activated
Nov 2 7:45pm -> Target 1 hit
Nov 3 -> Looking to add to my position @ 1.25670
Nov 4 -> added to my short position @ 1.2567, moved stop lower at 1.2595
Nov 5 -> Took some profits @ 1.2474, moved stop to 1.2526
Nov 6 -> Stop hit, Trade Closed.
Review ==> Click 2 Review


Institutional SUPPLY & DEMAND with Chuck Fulkerson (October 31, 2014)
Click 2 Play

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






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