Today was very slow for the markets being that FOMC is tomorrow it makes perfect sense. Posted a new #eurusd set-up to go short, notes are on the chart so have a look. Also still holding #nzdusd long and have an open order for the #gbpnzd. This past weekend being Victoria day long weekend, everyone who is anyone made their way up to Muskoka! To me it's the most beautiful place in the world, and National Geographic named it the best place in the world to visit a few years ago. It's the place i am one day going to buy a place to live out my life! Until then, I keep grinding away!!! A new week is here and new setups are abound. Posted some new Set & Forget setups on the blog and I've got mey orders in. Lets see how things play out this week, I've got a feeling things are going to be moving very well. The hotspot hangout this week is at the Cannes Film Festival! How nice would it be to be hangin out there on vacay!? You could be there with the laptop on your downtime studying charts and placing Set & Forget trades! Read this interesting story from Cannes HERE. Closed my #audusd position for some nice 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! The inspirational shots to the left are courtesy of @fiiyat on Instagram. Great profile you should follow! TRADE PLAN CLIP OF THE WEEK: Types of Supply & Demand Zones
Watch the latest INSTITUTIONAL SUPPLY & DEMAND Outlook Video!
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!
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!
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.
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.
--> 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 up on the daily chart.
WK SZ in control *Short if Daily TL is broken (D WOW short)
*Longs at WK WOW (bottom of Curve) Good daily DZ for longs
*Daily SZ in control *WK RSI on last drop was 27 (could use another drop for a rally)
THE SETUP: ->
Video Link ==>
$USDCAD -> Commitment Of Traders Report: Institutional traders
are LONG biased. Perception of Monetary Standing: NUETRAL
Notes: Trend is up on the monthly, bullish consolidation on the weekly and down on the daily chart.
*WK demand is in control (longs to WK SZ) *D TL broken (uptrend)
*price could drop to Daily WOW DZ or ro 240 demand for the long
*Daily SZ (1.2244) is Inherited so is weak, possible drop to only 240 DZ
THE SETUP:
Video Link ==>
WK SZ in control *Short if Daily TL is broken (D WOW short)
*Longs at WK WOW (bottom of Curve) Good daily DZ for longs
*Daily SZ in control *WK RSI on last drop was 27 (could use another drop for a rally)
THE SETUP: ->
$USDCAD -> Commitment Of Traders Report: Institutional tradersare LONG biased. Perception of Monetary Standing: NUETRAL
Notes: Trend is up on the monthly, bullish consolidation on the weekly and down on the daily chart.
*price could drop to Daily WOW DZ or ro 240 demand for the long
*Daily SZ (1.2244) is Inherited so is weak, possible drop to only 240 DZ
THE SETUP:
$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.
*D & WK are in alignment *short at WK supply or 240 confirmation at D supply
*D & WK are in alignment *short at WK supply or 240 confirmation at D supply
THE SETUP:
Notes: Trend is down on the monthly, bearish consolidation on the weekly and up on the daily chart.
*Daily bearish engulfing candle *WK supply in control
*D TL broken -> price could drop to WK WOW
*Daily WOW for the short (prev D DZ broken)
THE SETUP: SHORT @ 1.1297, SL @ 1.1340, TP - technical stop
Video Link ==>
*Daily bearish engulfing candle *WK supply in control
*D TL broken -> price could drop to WK WOW
*Daily WOW for the short (prev D DZ broken)
Video Link ==>
Notes: Trend is bearish consolidation on the monthly, bearish consolidation on the weekly and up on the daily chart.
*Longs taken at Daily DZ's, *WK SZ broken but no close
*MN hitting 20 EMA but WK SZ/MN SZ broken
*Longs taken at Daily DZ's, *WK SZ broken but no close
*MN hitting 20 EMA but WK SZ/MN SZ broken
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.
*shorts at 240/D SZ (TOC)(121.67)
THE SETUP:
Video Link ==>
$USDJPY -> Commitment Of Traders Report: Institutional traders are LONG biased. Perception of Monetary Standing: VERY DOVISHNotes: Trend is up on the monthly, bullish consolidation on the weekly and bullish consolidation on the daily chart.
*shorts at 240/D SZ (TOC)(121.67)
THE SETUP:
Notes: Trend is down on the monthly, down on the weekly and bearish consolidation on the daily chart.
*WK SZ and WK TL in control
*WK SZ and WK TL in control
THE SETUP: LONG @ 0.7365, SL @ 0.7306, TP - technical stop
Video Link ==>
May 18 (10:15pm) -> Trade Activated.
May 20 (9:30am) -> Trade Closed early for small loss.
Video Link ==>
May 18 (10:15pm) -> Trade Activated.
May 20 (9:30am) -> Trade Closed early for small loss.
$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 bearish consolidation on the daily chart. Called the bounce @ 1170 to a tee. RSI on the MN and WK chart suggest more upside towards the 1280's.
THE SETUP:
Video Link ==>
Notes: Trend is down on the monthly, bullish consolidation on the weekly and bearish consolidation on the daily chart. Called the bounce @ 1170 to a tee. RSI on the MN and WK chart suggest more upside towards the 1280's.
THE SETUP:
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. A little more push up it seems until hitting MN supply and descending TL so expecting more downside from there.
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. WK chart hitting a flip zone so may drop to the 56's, if not head up towards the 66's.
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. MN descending TL about to be hit while WK supply being tested a second time with D supply up ahead.
THE SETUP:
Video Link ==>
Notes: Trend is down on the monthly, down on the weekly and bearish consolidation on the daily chart.
*WK SZ and WK TL in control
*WK SZ and WK TL in control
THE SETUP: LONG @ 0.7365, SL @ 0.7306, TP - technical stop
Video Link ==>
May 18 (10:15pm) -> Trade Activated.
May 20 (9:30am) -> Trade Closed early for small loss.
Trade Review -> https://www.tradebench.com/share_trade/c09da628ffcf32f27aaae7ac4f6a29f1
$AUDNZD ->
Video Link ==>
May 18 (10:15pm) -> Trade Activated.
May 20 (9:30am) -> Trade Closed early for small loss.
Trade Review -> https://www.tradebench.com/share_trade/c09da628ffcf32f27aaae7ac4f6a29f1
$AUDNZD ->
Notes: Monthly trend is down and hitting MN TL, Weekly SZ is hit and Daily is starting to drop. Looking for a pullback to 240 wow supply for the short.
THE SETUP : SHORT @ 1.0822, SL @ 1.0865, TP - technical stop
Video Link ==>
May 18 (11am) -> Trade Activated.
May 18 (5:10pm) - Trade closed, small profits, going to wait for more confirmation on this one.
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
May 13 -> Moved stop to 0.7869 http://gyazo.com/e4ed0dd52f08b46cdb8c8af2ae77f892
May 13 -> (11:45am) moved stop to 0.7938 & TP to 0.8177 http://gyazo.com/d6c22dead3da55c7e5f27829f49baf6b
May 13 (11pm) -> Trade closed. Profit of 382% return of risk!
Trade Review -> https://www.tradebench.com/share_trade/af2221bc8c541568337e4eb13afe8551
May 1 -> Trade Activated
May 6 -> Moved stop to 0.7856 http://gyazo.com/4aa0481f05d68b78140a7b47b0b9b050
May 13 -> Moved stop to 0.7869 http://gyazo.com/e4ed0dd52f08b46cdb8c8af2ae77f892
May 13 -> (11:45am) moved stop to 0.7938 & TP to 0.8177 http://gyazo.com/d6c22dead3da55c7e5f27829f49baf6b
May 13 (11pm) -> Trade closed. Profit of 382% return of risk!
Trade Review -> https://www.tradebench.com/share_trade/af2221bc8c541568337e4eb13afe8551
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 ==>
May 12 -> Trade Activated
May 13 -> Stopped out.
Video Link ==>May 12 -> Trade Activated
May 13 -> Stopped out.
$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.
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.
THE SETUP: SHORT @ 175.62, SL @ 176.59, TP - 172.80's
Video Link ==>
April 15 -> Trade activated and stopped out.
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.
Video Link ==> Review
April 2 -> Trade Activated.
April 2 -> Closed trade as wasn't dropping as expected. Made 60% return on risk.
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