First, Aladdin is a dick. He and the Magus of the Unseen are key in the deck.

1) Use Ashnod's Transmogrant to turn opponent creatures into artifacts and steal them with the Magus (it must remain tapped) or Aladdin (Aladdin is better than the Magus). Also, feel free to steal all of your opponent's artifacts, really; use Control Magic on everything else that you want.

2) Clone or Dopplegang nasty stuff that you steal (or clone Aladdin or the Magus). Cloning/Doppleganing multiple Aladdins helps to retain your stolen artifacts as Aladdin is not legendary and you lose control of stolen artifacts if all of your Aladdins leave play, so make a few of them. 

3) Use Drafna's Restoration to refresh the Ashnod's Transmogrants.

4) There are Counterspells and also the cool Lace / Blast combos. If you want to counter any spell as it resolves (or destroy any permanent already in play), Lace it and then play the opposing Blast (Chaoslace + Blue Elemental Blast; Thoughtlace + Red Elemental Blast). If your opponent wants to Wrath of God all of your Aladdins, just turn the sorcery Red with Chaoslace and then Blue Elemental Blast it...or use Counterspell, I guess. 
--RED_GREEN