Wednesday, December 10, 2014

***Thursday Dec 11th*** #USDJPY hit supply and dropped!!! #CHF #EUR #CAD & #USD data out! *** PORTFOLIO HOLDINGS =>



General Notes:
So this week has unfolded as planned, the $USD fell from supply as expected and the $EUR flew high from demand. I think we hit the top of the $USD and $JPY but the next couple weeks will prove it. Like I said in my Supply & Demand Outlook video, i'd prefer to see another rally from the $USD but the way we dropped is indicative of more downside coming. I am short biased for now on the $USD and will continue to trade the opportunities I find! I've added video lessons at the bottom of the Portfolio Blog. So do yourself a favour and start watching and learn as much as you can! You can have it all if you trade like the institutions do. Money, freedom, the ability to travel anywhere at any time, nice homes and fast cars. All it takes is dedication and hard work!  Don't you just love trading? You can be anywhere in the world and still be able to make $$$, but only if you trade alongside the institutions with Supply & Demand! If so you can be chillin somewhere down south where it's warm as opposed to some of us in the cold of winter. Planning a trip to Florida after Christmas with the family and the laptop is coming with me! 



Market Movers December 7 - 12th:
Click here for the Week Ahead -> Dec 8 - 12, 2014 Market Movers

The Magic Trading Portfolio's Position Sizing:
Currencies --> Risking only $125 per trade. As my risk tolerance gets larger, I will slowly start increasing my risk amount. 

You can follow, learn & PROFIT from The Magic Portfolio by following the members only @MagicAlerts on TwitterI'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? 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 US Dollar 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

SUPPLY & DEMAND ZONES
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 
--> $USD entering a lot of supply on the weekly chart & the monthly chart as well!.

$USD Overview (Daily Chart)
--> US Dollar hitting tons of supply.






The Chart Setup:
Chart Setup --> Chart has an 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. (12/02/14)
Decreased <== LONG -> 46k   SHORT -> 28K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price is entering into Weekly Supply!
THE SETUP ==> 
Video Link ==> 

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (12/02/14)
Increased <== LONG -> 13k   SHORT -> 54K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price is slowly making it's way toward daily demand @ 0.8000
THE SETUP ==> 
Video Link ==>

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (12/02/14)
Same <== LONG -> 31k   SHORT -> 8K ==> Same
Perception of Monetary Standing: NUETRAL
Notes: Hitting daily/weekly demand and heading upwards.
THE SETUP ==>
Video Link ==> 

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (12/02/14)
Decreased <== LONG -> 57k   SHORT -> 216K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price hit daily/weekly supply and is heading downwards.
THE SETUP ==> 
Video Link ==>

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/02/14)
Same <== LONG -> 38k   SHORT -> 69K ==> Same
Perception of Monetary Standing: HAWKISH 
Notes: The pound has just breached the Monthly demand zone but hit weekly demand. I believe we will see a bounce from here.
THE SETUP ==> 
Video Link ==> 

$USDJPY -> Commitment Of Traders Report: Institutional traders are VERY LONG biased. (12/02/14)
             Increased <== LONG -> 152k   SHORT -> 41K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Hit some weekly supply and has is making the move down.
THE SETUP ==> 
Video Link ==>

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/02/14)
Same <== LONG -> 9k   SHORT -> 10K ==> Decreased
Perception of Monetary Standing: HAWKISH
Notes: Price is hitting daily supply and should head down.
THE SETUP ==> 
Video Link ==> 


$AUDNZD 
THE SETUP ==> Long 1.0584 - 1.05631, SL @ 1.0559, T1 - 1.0630, T2 - 1.0665
Video Link ==>

$EURAUD 
THE SETUP ==> Short @ 1.4917, SL @ 1.4947, T1 - 1.4854, T2 - 1.4732
Video Link ==>
Dec 9 => Trade Activated
Dec 10 => T1 hit

$NZDJPY 
THE SETUP ==> Short @ 92.34, SL @ 92.77, T1 - 89.27, T2 - 87.71, T3 - 85.86
Video Link ==> Trade Canceled due to hawkish NZD comments.

$GBPNZD 
THE SETUP ==> Potential POP N" DROP setting up here.
Video Link ==>
Dec 9 => Trade set up over night and I missed the trade.
Trade setup, but missed because overnight

$GBPCHF 
THE SETUP ==> Short @ 1.5327, SL @ 1.5417, T1 - 1.5221, T2 - 1.5043
Video Link ==>
Dec 3 => Trade Activated
Dec 4 => T1 hit
Dec 4 => Stop moved to 1.5326
Dec 7 => moved 2nd target to 1.5128

$EURGBP 
THE SETUP ==> setup posted on Instagram worked perfectly.
Video Link ==>

$AUDCAD 
THE SETUP ==> Possible DIP N RIP setting up here!
Video Link ==> 
Dec 5 => Trade Activated


$AUDNZD 
THE SETUP ==> Waiting for a retrace into daily/weekly demand to take long.
Video Link ==> 

$AUDJPY 
THE SETUP ==> Waiting for a retrace into daily/weekly demand to take long.
Video Link ==> 

The 30 Minute Chart 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 30 minute area of demand/supply outlined by the green zone/red zone. First target will be opposing 30 min supply zone/demand zone.

The 240 Minute Chart Strategy: 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.

Institutional Supply & Demand Outlook.
Institutional Supply & Demand Outlook.
Institutional Supply & Demand Outlook.
Institutional Supply & Demand Outlook.

Month of November 1rst - 28th (Based on $125 Risk Per Trade)
$EURAUD 
THE SETUP ==> Short @ 1.4911, SL @ 1.4943, T1 - 1.4848, T2 - 1.4726
Video Link ==>
Dec 9 => Stop hit
Trade Review => Review

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/02/14)
Same <== LONG -> 38k   SHORT -> 69K ==> Same
Perception of Monetary Standing: HAWKISH 
Notes: The pound has just breached the Monthly demand zone but hit weekly demand. I believe we will see a bounce from here.
THE SETUP ==> Short @ 1.5675, SL @ 1.5697, T1 - 1.5655, T2 - 1.5636
Video Link ==> 
Dec 9 => Targets hit

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (12/02/14)
Same <== LONG -> 9k   SHORT -> 10K ==> Decreased
Perception of Monetary Standing: HAWKISH
Notes: Price is consolidating around weekly demand. Also just hit some daily demand so we may see more upside.
THE SETUP ==> Long @ 0.7740, SL @ 0.7706, T1 - 0.7775, T2 - 0.7868
Video Link ==> 
Dec 3 => Trade Activated
Dec 4 => T1 hit
Dec 5 => stop hit on 2nd half of position.
Trade Review => Click 2 Review



$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (11/25/14)
Decreased <== LONG -> 57k   SHORT -> 223K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Price hit weekly demand at 1.24's and now we could start seeing a move to the upside.
THE SETUP ==> Long @ 1.2342, SL @ 1.2282, T1 - 1.2442
Video Link ==>
Dec 3 => Trade Activated
Dec 4 => stopped out, but direction called perfectly. Stop too close. Lesson learned.
Trade Review => Click 2 Review

$CADJPY 
THE SETUP ==> Short @ 104.61, SL @ 105.56, T1 - 103.52, T2 - 102.44
Video Link ==> 
Dec 2 => Trade Activated
Dec 3 => Stopped out
Trade Review => Click 2 Review


Institutional SUPPLY & DEMAND with Sam Seiden (December 5, 2014)

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

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