Saturday, January 17, 2015

***Saturday Jan 17th*** CFTC COT Report is out!!! *** PORTFOLIO HOLDINGS => #USDJPY


General Notes:
Wow, what a week. The massive drop on the $EURCHF was scary. Hope none of you were affected by it. A few nice winners from the portfolio this week, only one trade taken and made some good coin but is now retracing upwards. We'll see what the $USDJPY has in store for us next week! Had a loss on the #USDCAD which sucked as it hit the demand zone right below and shot like a rocket back up! Review video coming tomorrow. Also on the blog I have added a link to a great source of information I have recently come across which is helping me add greatly to my trading plan and overall strategy. The link is HERE so make sure you check out Alfonso's thread page on the Forexfactory website because this guy is the real deal. Learn the strategy, watch the YouTube videos HERE that he has posted and incorporate what you are learning in your trading. Lets make 2015 the best trading year so far! I have been working on my trading plan all day today. I have incorporated a few changes that I have learned from all the trade reviews I have done throughout the year. So fasten your seat belts because we are going for a wild ride.... to profits!!! I have added trend lines to my charts as I have come to realize the great advantages of incorporating them with Supply & Demand. Using both techniques to plot price action will improve my results dramatically. The Portfolio results have been posted. The winning percentage was 50% but the profits were larger. Take a look at the figures below for more details. 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! 



Market Movers January 12th - 16th:
Click here for the Week Ahead -> Jan 12 - 16, 2014 Market Movers

The Magic Trading Portfolio's Position Sizing:
Currencies --> Risking only $150 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 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 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 (Big Picture)
Perception of Monetary Standing: HAWKISH 
--> $USD broke through supply and has room to head up even higher.


$USD Overview (Daily Chart)
--> US Dollar Still in strong uptrend.









$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. (01/10/15)
Same <== LONG -> 48k   SHORT -> 27K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, weekly and daily charts. Price up trending on the 240 chart. Must take a long within the daily demand zone.
THE SETUP: 
Video Link ==> 

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (01/10/15)
Decreased <== LONG -> 14k   SHORT -> 60K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Trend is down on the monthly and weekly charts. Price broke above the down trend on the daily chart. Heading up toward weekly supply. Must take a short within the weekly supply zone.
THE SETUP:
Video Link ==>

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (01/10/15)
Increased <== LONG -> 31k   SHORT -> 4K ==> Decreased
Perception of Monetary Standing: NUETRAL
Notes: Trend is up on the monthly, weekly and daily charts. Would like to go long at the weekly demand zone.
THE SETUP:
Video Link ==> 

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (01/10/15)
Increased <== LONG -> 50k   SHORT -> 218K ==> Increased
Perception of Monetary Standing: DOVISH
Notes: Trend is down on the monthly, weekly and daily charts. Price is down trending on the 240 chart. Possible entry short on the daily supply zone.
THE SETUP: 
Video Link ==>

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (01/10/15)
Increased <== LONG -> 41k   SHORT -> 79K ==> Increased
Perception of Monetary Standing: HAWKISH 
Notes: Trend is up on the monthly chart, down on the weekly and daily charts. Price broke the down trend on the 240 chart but has hit weekly and monthly demand at the bottom of the curve. Possible upside from here.
THE SETUP: POP n' DROP setup on the 5 min => Short @ 1.5252, SL @ 1.5270, T1 - 1.5216, T2 1.5181
Video Link ==> 

$USDJPY -> Commitment Of Traders Report: Institutional traders are VERY LONG biased. (01/10/15)
             Decreased <== LONG -> 120k   SHORT -> 25K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly and weekly chart. Price is in a down trend on the 240 & daily chart.
THE SETUP: Short @ 117.66, SL @ 118.01, T1 - 117.00, T2 - 115.29, T3 - ?
Video Link ==>
Jan 14 - Trade Activated
Jan 15 - T1 hit

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (01/10/15)
Decreased <== LONG -> 8k   SHORT -> 10K ==> Same
Perception of Monetary Standing: HAWKISH
Notes: Up trend has been broken on the monthly chart, down on the weekly and consolidating on the daily chart. Weekly supply is best place to open short position.
THE SETUP:
Video Link ==> 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly and up trending on the weekly & daily chart. IMO price is heading toward monthly supply at 1273.

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, daily and weekly charts. Price has hit monthly demand.

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, weekly and daily charts. 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, weekly and daily charts. 


$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. (01/10/15)
Increased <== LONG -> 48k   SHORT -> 31K ==> Decreased
Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, weekly and daily charts. Price up trending on the 240 chart. Must take a long within the daily demand zone.
THE SETUP: Long @ 1.1866, SL @ 1.1821, T1 - 1.1944, T2 - 1.2162
Video Link ==> 
Jan 15 - trade activated and stopped out.

$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 ==> Long @ 1.5560, SL @ 1.5535, T1 - 1.5591, T2 - 1.5694
Video Link ==> Review
Dec 17 - Trade Activated
Dec 18 - T1 hit
Dec - 19 - took partial profits at 1.5668
Trade Review - Review

$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 inside Weekly Supply!
THE SETUP ==> Short @ 1.16550, SL @ 1.1675, T1 - 1.1601, T2 - 1.1572
Video Link ==> Review
Dec 16 - Trade Activated
Dec 16 - moved T2 to 1.1491
Dec 18 - target 1 hit
Dec 19 - closed position for profits (bad CPI data out)
Trade Review - Review

$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 ==> Long @ 1.2274, SL @ 1.2262, T1 - 1.2290, T2 - 1.2318, T3 - 1.2440
Video Link ==> Review
Dec 18 - Trade Activated
Dec 18 - T1 hit
Dec 19 - stop hit (small loss only)
Trade Review - Review


$GBPCAD 
THE SETUP ==> Short @ 1.8179, SL @ 1.8231, T1 - 1.8073, T2 - 1.7945
Video Link ==> Setup Video Lesson 1
Dec 12 - Trade Activated
Dec 14 - moved stop to 1.8252
Dec 15 - moved stop to 1.8209, T1 - 1.8095, T2 - 1.7964
Dec 15 - stopped out
Trade Review - Review

Institutional SUPPLY & DEMAND with Sam Seiden (January 9, 2015)
Great video to watch -> Will help you in your trading psychology!
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