norok

norok Wizard

This article will lay out the key levels that should come into play in the price action of INDEX:BTCUSD starting today on July 1st and may carry on through the month. This analysis will rely on Ichimoku, 50% Retracements, and Volume Profile. The primary driver of my analysis on Bitcoin price action is the Daily Ichimoku trend. I published a video last week...

norok Wizard Updated 

Also on my morning Spike scanner came up NYSE:XYL (see below for the spike on the 30m timeframe). I especially like this Support level as it has many matching components: 50% Retracement Level. My bread and butter. The most important Retracement Level. Volume Profile node. Not the POC but a key level of price and volume here. Ichimoku Cloud. A long...

03:25

norok Wizard

NASDAQ:WBA is a techable moment and I had to make a video today. I checked my watchlist of current and recent trades exited and saw that Walgreens was down -25% overnight! Horrible earnings is the "reason" but really the stock has been in an unabated downtrend for months. I tried to take a long off the 2009 low back in January but my rules had me GET OUT in...

08:26

norok Wizard

We've heard the addage; "time in the market beats timing the market." That may be true of stocks and people that want to be lazy but results dramatically improve with this one simple signal based in Ichimoku. That signal JUST HAPPENED! The results over 13 years of Bitcoin's price history are clear even when the last 4 years are isolated. Do the backtest...

norok Wizard

Off the top of the 10AM scans this morning is a spike on NASDAQ:AAL with a good ATR Clearance of the bottom of the range. Why I like this spike, at this position, is based on the Daily low from back in October where this spike also represents a rejection of the Volume Profile level from that low: Good chance for a bottom pick!

norok Wizard

According to Ichimoku Rules, which have proven to be a highly accurate method of determining the state of the trend of Bitcoin, the bullish trend which began in October 2023 has conclusively ended . When both Price and Momentum (the Chikou) cross over to the same side of the cloud then the trend is either confirmed Bullish or Bearish. The prior bullish trend...

03:41

norok Wizard

The Ethereum ETF news came and went this week. It has set up a DOUBLE Spike. As a trader you can often see where traders probably have their stops set. Breaking one of these could trigger a cascade of stops in that direction. This video lays out what to look for in this unique price action situation where INDEX:ETHUSD currently sits!

10:15

norok Wizard

There is an old, seemingly wise saying, that says "time in the market beats timing the market!" This works for people that do not want to do the work... to study repeatable patterns. Throughout the bull market of 2024 (yes, the market is in a bull market) I have been waiting for and been asked by followers "is THIS the pullback to go long?" Generally, the...

norok Wizard

If I was oblivious to what NASDAQ:DJT was and someone asked me to look at it on stream I would say it was messy but a buy. Price has recaptured the Volume Profile Point of Control, tested it as Support twice, and is rising. I consider the stock an election year fun ticket more than an investment. One could play it as a proxy for poll numbers from now until November.

norok Wizard

Bitcoin HELD the Last Support noted in my Idea last week. That save INDEX:BTCUSD from going bearish. However, it is not out of the woods yet. Today Bitcoin spiked the 50% Retracement Resistance at 64652. This sets up a short trade where if the high of the spike is broken "you know you're wrong" for a low risk/high reward trade. If the Spike high is...

07:35

norok Wizard

As a follow-up to my Idea from May 1st where I pointed out the key Volume Profile Support of 56.9k that has held and now we go into the weekend at the Volume Profile Resistance of 62k. Which of these breaks... Support or Resistance... will be the way Bitcoin goes! Does the bull trend fail or continue? Ichimoku will be the decider.

norok Wizard Updated 

Today Bitcoin has hit the last level of Support for the Bullish Trend that has persisted since October 2023. This comes after making a new All Time High but failing to truly capture the prior All Time High by closing decidedly above it on the Weekly/Monthly. The Level in question price has hit is a medium-significance Volume Profile level from the bullish trend....

norok Wizard

Stocks have survived a standard Ichimoku cloud pullback and the bull run off Volume Profile support of 4979. Price has recovered up to the 50% Retracement (Kijun Sen) of the move down. 5148 = 50% Retracement Resistance and price this week is responding to it. The Volume Profile Resistance above it is 5167. These are the levels to conquer to resume the 2024...

17:34

norok Wizard

Had another great day trading Support and Resistance precision with Volume profile. I swear Volume Profile is like a cheat code for the markets. I want every trader to start learning and practicing this method!

norok Wizard

Friend asked me to do a Volume Profile for levels on NASDAQ:AMD It has hit and held the 50% Retracement. The next VP node is 157.79. One could be patient and wait but I like the long now. "You know when you're wrong" (it breaks 157.79) so I know where to stop out.

05:09

norok Wizard

AMEX:SLV It's that time again! #silversqueeze is trending on social media. This meme resurfaces every 2-3 years CONSISTENTLY when whomever thinks the time is right to take retail traders' money. With Gold AMEX:GLD making new highs they are trying it once again. Watch my video from 2021 and do the research on Google News yourself! Wait for the price action...

norok Wizard Updated 

This morning NASDAQ:ADBE triggered a Spike Alert on the opening 30 minute bar. I double checked this signal against Volume Profile. On the weekly there is a major Volume Profile node at 480 considering the bullish trend from September 2022 to January 2024. The spike this morning touches this level and have moved off with a significant Spike: The Spike...

10:56

norok Wizard Updated 

Today was yet another amazing trade off a long term volume profile level for over 50 points on the CME_MINI:ES1! S&P500 E-mini futures. I want to document these trades as teachable moments because I think Volume Profile is an absolutely amazing tool that should be in ever trader's toolbox!