THE MAGIC TRADING PORTFOLIO: ***Tuesday Feb 3*** #EUR #GBP #NZD data is out!!! Charts Updated!!! *** PORTFOLIO HOLDINGS =>

General Notes:

The #GBPUSD did nothing most of the day, think that the #GBP Construction PMI http://my.jetscreenshot.com/demo/20150203-tsas-66kb out today will make price move. #AUD had positve results http://my.jetscreenshot.com/demo/20150203-f9uz-24kb so might be what is needed for another rally into 240 supply before another drop. I think there is a good chance we see the #USD head down into daily demand http://my.jetscreenshot.com/demo/20150203-2dck-85kb. It would be nice to see since a rally up on the #EUR would bring it into daily supply. The COT report is out and it shows that the Hedge Funds are adding to short positions on the #nzdusd #eurusd & #audusd. We can see this from the drops we had this week. I am currently short the #audusd and am watching the nzdusd and euro for a short position. Great trading for the portfolio this week. All due to the new rules I have put in place. If you haven't learn any of them, you should. 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!!! 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!

Watch the latest INSTITUTIONAL SUPPLY & DEMAND Outlook Video!

January 12 Institutional FOREX Supply & Demand Outlook
Dec 17 Supply & Demand Outlook
The FOREX Diaries Dec 1-12

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Market Movers:
Click here for the Week Ahead -> Feb 2 - 6, 2015 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 (THE BIG PICTURE)
Perception of Monetary Standing: HAWKISH
--> $USD broke through supply and has room to head up even higher.

$USD OVERVIEW (DAILY)

--> US Dollar Still in strong uptrend.

$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. (01/27/15)

Decreased <== LONG -> 52k SHORT -> 28K ==> Increased

Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, weekly and daily charts. Price up trending on the 240 chart.

THE SETUP: Feb 2 3:15pm -> SHORT @ 1.2736, SL @ 1.2784, T1 - 1.2638, T2 - 1.2476, T3 - ?

Video Link ==>

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (01/27/15)

Increased <== LONG -> 16k SHORT -> 65K ==> Increased

Perception of Monetary Standing: DOVISH => NUETRAL
Notes: Trend is down on the monthly, weekly and daily charts.

THE SETUP: SHORT @ 0.8019, SL @ 0.8055, T1 - 0.7944, T2 - 0.7866, T3 - ?

Video Link ==>
Jan 28 -> Trade activated and T1 hit.
Jan 29 -> T2 has been hit and T3 is at 0.7664, stop now moved above valid 240 supply http://my.jetscreenshot.com/demo/20150129-nqck-101kb
Feb 2 -> stop moved above valid 240 supply zone. http://my.jetscreenshot.com/demo/20150203-i055-113kb
Feb 3 (1:15pm) -> Stop hit http://my.jetscreenshot.com/demo/20150203-d4ud-112kb

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. (01/27/15)

Decreased <== LONG -> 16k SHORT -> 8K ==> Decreased

Perception of Monetary Standing: NUETRAL => DOVISH
Notes: Trend is down on the monthly, weekly and daily charts.

THE SETUP:

Video Link ==>

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (01/27/15)

Increased <== LONG -> 50k SHORT -> 235K ==> Increased

Perception of Monetary Standing: DOVISH
Notes: Trend is down on the monthly, weekly and daily charts. Price is consolidating on the 240 chart.

THE SETUP:

Video Link ==>

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (01/27/15)

Increased <== LONG -> 38k SHORT -> 83K ==> Increased

Perception of Monetary Standing: NUETRAL
Notes: Trend is down on the monthly chart, down on the weekly chart. Price broke the down trend on the daily. Possible upside from here.

THE SETUP: Long @ 1.5014, SL @ 1.4966, T1 - 1.5110, T2 - 1.5282, T3 - ?

Video Link ==>
Jan 30 -> Trade Activated
Feb 2 (11:33pm) - closed trade for profits. Not liking price action, so taking my profits before its a loss.

$USDJPY -> Commitment Of Traders Report: Institutional traders are VERY LONG biased. (01/27/15)

Decreased <== LONG -> 91k SHORT -> 26K ==> Same

Perception of Monetary Standing: DOVISH

Notes: Trend is up on the monthly and weekly chart. Price broke the down trend on the daily chart.

THE SETUP:

Video Link ==>

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (01/27/15)

Increased <== LONG -> 11k SHORT -> 15K ==> Increased

Perception of Monetary Standing: HAWKISH => NUETRAL
Notes: Down trend on the monthly, down on the weekly and down on the daily chart.

THE SETUP: Feb 3 (11:40am) -> SHORT @ 0.72998, SL @ 0.7327, T1 - 0.7243, T2 - 0.7054, T3 - ?

Video Link ==>
Feb 2 8:44pm -> Canceling the setup and price looks too strong at this point, may look at daily supply for the short instead.
Feb 3 -> New Trade activated http://my.jetscreenshot.com/demo/20150203-w3lb-176kb

$GBPAUD ->

Notes: Daily demand is valid as it broke above daily supply. Weekly trend is up.

THE SETUP: LONG @ 1.9179, SL @1.9127, T1 - 1.9286, T2 - 1.9727, T3 - ?

Video Link ==>
Feb 2 -> Trade cancelled, 240 trend line broken.

$AUDJPY ->

Notes: Daily trend is down, broke through weekly demand. Shorting at a valid 240 supply zone.

THE SETUP: Short @ 92.75, SL @ 93.34, T1 - 91.54, T2 - 89.84, T3 - ?

Video Link ==>

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

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