Wednesday, March 11, 2015

***Thursday March 12th*** #USD #GBP data out!!! New Setups!!! *** PORTFOLIO HOLDINGS =>


General Notes:
The Euro ripped through those demand zones and is set for the $1 mark. Missed a good op to get in on this short using the PCP break out method. Had the #eurjpy setup for a PCP short and didn't put my order in. Also the #eurgbp is hitting some good weekly demand and the #usd hitting some weekly supply. We may see a reversal this week, nothing big but a chance to get into positions. Last week saw some nice movement in the markets. #usd continues to rally higher and no great supply until further up, so lots of room to move. I will be looking to open positions this week as set-ups are happening and all that is needed is for price to retrace for entry. I'll be posting set-ups throughout the week. Bought Forex Tester 2 over the weekend and started testing out my rules and strategy on it. So far I am loving it and I highly recommend it to anyone needing to step up their trading game! Trade reviews are so helpful in looking back to see what I missed and why I missed it. You have to become better with each lesson or else you'll make the same mistakes over and over again. The COT report shows that the Hedge Funds are once again short the #NZDUSD, becoming less short the #EURUSD, more short the #GBPUSD, lessened their short positions on the #AUDUSD and added to their long position on the #USDCAD, #USDCHF & #USDJPY. 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! 

The Spotlight: EURJPY
Keep your eyes on the #EURJPY as I believe we have a long way down on this pair. We have just taken out a weekly area of demand  and there is nothing fresh or original until the weekly demand zone at 122.66 - 119.11. On the daily chart we have a ton of room to the downside. I'll be looking to open a short position when the time is right! Take a look at the chart inserted for more details.

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 uptrend continues.









$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, up on the weekly and up trend on the daily chart.
THE SETUP: 
Video Link ==> 

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. Perception of Monetary Standing:  NUETRAL 
Notes: Trend is down on the monthly, down on the weekly and down on the daily chart.
THE SETUP: -> PCP (Break Out Short) SELL STOP @ 0.7554, SL @ 0.7649, T1 - 0.7096, T2 - ? SETUP
Video Link ==>
March 12 (7am) -> trade canceled 

$USDCHF -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, up on the weekly and up on the daily chart. 
THE SETUP:
Video Link ==> 

$EURUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. Perception of Monetary Standing: VERY DOVISH
Notes: Trend is down on the monthly, down on the weekly and down on the daily chart.
THE SETUP: SHORT @ 1.0838, SL @ 1.0916, T1 - 1.0434, T2 - 1.0000 SETUP
Video Link ==>

$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing: NUETRAL
Notes: Trend is down on the monthly, down on the weekly and down on the daily chart.
THE SETUP: 
Video Link ==> 

$USDJPY -> Commitment Of Traders Report: Institutional traders are VERY LONG biased. Perception of Monetary Standing: VERY DOVISH
Notes: Trend is up on the monthly, up on the weekly and up on the daily chart.
THE SETUP: 
Video Link ==>

$NZDUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing: HAWKISH => NUETRAL 
Notes: Trend is down on the monthly, down on the weekly and down trend on the daily chart.
THE SETUP: SHORT @ 0.7548, SL @ 0.7619, T1 - 0.7293, T2 - ? SETUP
Video Link ==> 



Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, up trending on the weekly and down trending on the daily chart.
THE SETUP: 
Video Link ==> The Setup

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, weekly and consolidating on the daily chart. Price has hit monthly demand.
THE SETUP: 
Video Link ==> 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, down trend on the weekly and up trend on the daily chart. 
THE SETUP: 
Video Link ==> 

Institutional Supply & Demand Outlook.
Notes: Price is in a down trend on the monthly, down trend on the weekly and up trend on the daily chart.
THE SETUP: 
Video Link ==> 



$USDCAD -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, up on the weekly and up trend on the daily chart.
THE SETUP: LONG @ 1.2705, SL @ 1.2655, T1 - 1.2970, T2 - ? SETUP
Video Link ==> 
March 12 (3:15am) -> Trade Activated
March 12 (7:22am) Stop hit.
Trade Review -> https://www.tradebench.com/share_trade/9c7c720e5beff4760a7a7801028e1c36

$AUDUSD -> Commitment Of Traders Report: Institutional traders are VERY SHORT biased. (02/17/15)
Increased <== LONG -> 17k   SHORT -> 71K ==> Increased
Perception of Monetary Standing:  NUETRAL => DOVISH 
Notes: Trend is down on the monthly, down on the weekly and consolidating on the daily chart.
THE SETUP: Feb 24 (10:00pm) -> LONG @ 0.7831, SL @ 0.7802, T1 - 0.7893, T2 - 0.8158, T3 - ? -> Setup
Video Link ==> Video Review
Feb 26 (8am) -> trade setup canceled, missed entry by pips.
Feb 26 (11:15am) -> Trade Activated, in long @ 0.7827 -> LINK
Feb 26 (12:22pm) -> Stop hit.
Trade Review -> https://www.tradebench.com/share_trade/5df56c7b05d95834d2c9b67b42c247e0


$GBPUSD -> Commitment Of Traders Report: Institutional traders are SHORT biased. (02/17/15)
Increased <== LONG -> 42k   SHORT -> 71K ==> Decreased
Perception of Monetary Standing: NUETRAL
Notes: Trend is down on the monthly, consolidating on the weekly and up on the daily chart.
THE SETUP: LONG @ 1.5378, SL @ 1.5308, T1 - 1.5543
Video Link ==> Video Review
Feb 20 -> Trade Activated
Feb 25 (9:12pm) -> closed trade for profits.
Trade Review -> https://www.tradebench.com/share_trade/ab72b5e6cb7b2a5b73702788498e8d1e



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