Monday, May 11, 2015

***Tuesday May 12th*** #AUD #NZD #GBP data out!!! *** PORTFOLIO HOLDINGS => #AUDUSD ***NEW SET-UPS => #GBPNZD

General Notes:
Some #audusd data out at 5:30 am EST, lets ee if it helps out the #aud position i'm in. Other then that, #GBP data out to start the ball moving again. Added a new piece to the portfolio blog this week, The trade plan clip of the week. Where I will be sharing a portion of my personal trade plan every week to emphasize the importance of following strict rules when trading. Otherwise, you are just throwing your money away. Got stopped out of my #usdcad position before it rallied, should have kept my stop where it was at, oh well, lesson learned. The #audusd trade is still going well, hit some daily wow supply and pulled back some. Thoughts are that it will rally from the 240 demand zone it's sitting in right now LINK. 
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 inspirational shots to the left are courtesy of @fiiyat on Instagram. Great profile you should follow! 

TRADE PLAN CLIP OF THE WEEK:  SUPPLY & DEMAND IN CONTROL


Watch the latest INSTITUTIONAL SUPPLY & DEMAND Outlook Video! 
May 11 #FOREX Supply & Demand of the Major Pairs & #USD #EURUSD #GBPUSD #AUDUSD #USDJPY

Market Movers:

The Magic Trading Portfolio's Position Sizing
Currencies --> Risking only $70 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:
It is important to understand how 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 set-ups. 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. 

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. 
SHADED GREEN ZONES = Strong Buy Zones
SHADED RED ZONES = Strong Sell Zones

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.

$USD OVERVIEW (THE BIG PICTURE)
Commitment Of Traders Report: Institutional traders are VERY LONG biased. Perception of Monetary Standing: HAWKISH 
--> $USD is hitting weekly demand so might see a bounce up before a move back down.

$USD OVERVIEW (DAILY)
--> US Dollar hitting some daily/weekly demand and might see a bounce to the upside.









AUDUSD -> Commitmen Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing:  NUETRAL 
Notes: Trend is down on the monthly, bearish consolidation on the weekly and bullish consolidation on the daily chart. 
THE SETUP: -> LONG @ 0.7853, SL @ 0.7785, TP - .82's
Video Link ==>
May 1 -> Trade Activated
May 6 -> Moved stop to 0.7856 http://gyazo.com/4aa0481f05d68b78140a7b47b0b9b050

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

$USDCHF -> Commitment Of Traders Report: Institutional traders are SHORT biased. Perception of Monetary Standing: DOVISH
Notes: Trend is up on the monthly, bullish consolidation on the weekly and down trend 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, bearish consolidation on the weekly and up on the daily chart.
THE SETUP: SHORT @ 1.1229, SL @ 1.1300, TP - technical stop (1.07's) 240 WOW confirmation trade supported by a daily/weekly supply zone and a monthly down trend.
Video Link ==>

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

$USDJPY -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: VERY DOVISH
Notes: Trend is up on the monthly, bullish consolidation on the weekly and bullish consolidation on the daily chart. Daily RSI suggests a larger move to the downside towards 117's.
THE SETUP: 
Video Link ==>

$NZDUSD -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: HAWKISH => NUETRAL 
Notes: Trend is down on the monthly, down on the weekly and up on the daily chart.
THE SETUP: SHORT @ 0.7695, SL @ 0.7751, TP - technical stop
Video Link ==> 


$GBPNZD ->
Notes: Trend is up on all time frames so looking for a pull-back into either 240 or daily demand. I prefer the daily demand zone.
THE SETUP (May 12): LONG @ 2.0677, SL @ 2.0500, TP - technical stop
   Video Link ==> 



Commitment Of Traders Report: Institutional traders are VERY LONG biased.
Notes: Trend is down on the monthly, bullish consolidation on the weekly and down on the daily chart.
THE SETUP: 
Video Link ==> 


Commitment Of Traders Report: Institutional traders are LONG biased.
Notes: Trend is down on the monthly, bullish consolidation on the weekly and up on the daily chart.
THE SETUP: 
Video Link ==> 

Commitment Of Traders Report: Institutional traders are SHORT biased.
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up on the daily chart. 
THE SETUP: 
Video Link ==> 

Commitment Of Traders Report: Institutional traders are VERY LONG biased.
Notes: Trend is down on the monthly, up on the weekly and up on the daily chart.
THE SETUP: 
Video Link ==> 

Commitment Of Traders Report: Institutional traders are VERY SHORT biased.
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up 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, bullish consolidation on the weekly and bearish consolidation on the daily chart. 
THE SETUP: LONG @ 1.2038, SL @ 1.1940, TP - 1.25's (240 wow long within a daily/weekly demand zone aka WOW long, monthly still in an up trend)
Video Link ==> 
May 5 -> Trade Activated
May 5 (10:50am) -> moved stop to 1.1935 http://gyazo.com/2d1390875562aa64d2d5e63c1537bbe1
(3:pm) -> moved stop back to 1.1989 http://gyazo.com/4582fffd1c9362db85d97b0aac327940
May 6 -> Stopped out.

$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: SHORT @ 1.4849, SL @ 1.4892, TP - 1.4600
Video Link ==> 
April 15 -> Trade Activated
April 16 -> Stopped out.

$GBPJPY ->
Notes: Trend on the monthly is down, weekly is down and daily is now down. 
THE SETUP: SHORT @ 175.62, SL @ 176.59, TP - 172.80's
   Video Link ==> 
April 15 -> Trade activated and stopped out.

$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 up on the daily chart.
THE SETUP: -> SHORT @ 0.7591, SL @ 0.7614, TP - 0.7500 LINK
Video Link ==> Review
April 2 -> Trade Activated.
April 2 -> Closed trade as wasn't dropping as expected. Made 60% return on risk.

$GBPNZD ->
Notes: Monthly trend is up and hitting daily/weekly wow demand zone.
THE SETUP: LONG @ 1.9419, SL @ 1.9339, T1 - (TS) Technical Stop
   Video Link ==> Trade Plan Review
March 25 (6:58am) -> Trade Activated
March 30 (6:30pm) -> position is up 1.72% and am ready to move the stop once price breaks through 240 supply & enters the 1.98's.

March 31 (9am) -> Stop moved below daily demand until it rallies higher LINK

March 31 -> had a great opportunity to add to my position but missed it LINK
March 31 (12:20pm) -> Moved stop to 1.9691.
April 1rst -> Position is up 2.59% as of 7:30pm.
April 2 -> Closed Trade for 385% return on risk!

$EURCAD ->
Notes: Down trend on weekly, monthly, daily in bearish consolidation, shorts all the way!
THE SETUP: (NEEDS CONFIRMATION) SHORT @ 1.3695, SL @ 1.3755, TP - Trailing Stop
   Video Link ==> http://youtu.be/wmq0jtOQhE8
March 26 -> 240 wow short confirmation is playing out right now. 
March 27 -> Trade Activated. 
March 27 -> Stopped out

$GBPCAD ->
Notes: Monthly, Weekly trend is up and Daily is down with room to drop.
THE SETUP (March 26): PCP (Pre Continuation Pattern) BO (Break Out) Short @ 1.8520, SL @ 1.8695, TP @ 1.8160's
   Video Link ==> http://youtu.be/71wsDmd3F3w
March 26 (9:18am) -> Trade Activated

$EURAUD ->
Notes: Down trend on weekly, monthly, daily, shorts all the way!
THE SETUP: SHORT @ 1.4004, SL @ 1.4083, TP - Trailing Stop
   Video Link ==> Video Review
March 18 (4:04pm) -> Trade Activated
March 25 (1:59pm) -> losing some pips but may want to retest before the drop, considering the bad #usd news and good #eur data, it's holding well.
March 26 (9am) -> closed position for small profit as it looks to want up and bullsih engulfing on the daily.

$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 ==> video review
March 18 (3:41pm) -> trade Activated and stopped out real quick.
Trade Review -> https://www.tradebench.com/share_trade/8ce6c33cb0dfee248319872c8443d8f5

$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 ==> Video Review
March 12 (3:15am) -> Trade Activated
March 12 (7:22am) Stop hit.
Trade Review -> https://www.tradebench.com/share_trade/9c7c720e5beff4760a7a7801028e1c36

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