norok

05:40

norok Wizard

My old microphone died so recording my first video today on the new! Today I look at the recent price action of commonly requested symbols from social media: COINBASE:BTCUSD , BINANCEUS:DOGEUSD , NYSE:MO , NASDAQ:PLUG , CAPITALCOM:BABA

norok Wizard

lol what? Tobacco stocks are dropping on news that Biden is planning to restrict nicotine content in tobacco products. This brings NYSE:MO down about -12% from the high two days ago but still up 14% on the year. It is an attractive dividend yield play at this price (about 7%) but waiting for it to come to a proper support before buying myself. I like ...

07:16

norok Wizard

This video idea is the tutorial for the script I just released that can be used to filter out meaningful Bollinger Bands Squeezes. If you use this indicator pattern to trade this additional filter will help you filter out and set alerts for contractions in the Bollinger Bands. You can search for this script under indicators as "Bollinger Bands Width Donchian"...

norok Wizard

FTX:DOGEUSD made a run for the high this morning but failed to match and break it. A lot of traders I have talked to were targeting the obvious 1.00 but more conservatively 0.50. Failing to reach it could signal a double top. I would not get greedy unless you want to wait on another baghold cycle...

norok Wizard

So far COINBASE:BTCUSD held the 50% Retracement of the NASDAQ:COIN event selloff. Not bullish unless it can conquer it. Price action suggests a retest of the bottom.

norok Wizard Updated 

I like the price action for a bearish play on NASDAQ:MU . This morning spiked to make a local triple top which is also creating a Daily timeframe triple top. This is a good example of using Multiple Timeframe Analysis as I talked about in my last video idea, linked below. We are using a short term timeframe setup combined with a higher timeframe...

05:50

norok Wizard

Every day it seems that the media puts out the best of reasons... from the smartest of experts... as to why the stock market and economy is going to CRASH soon! This has gone on for as long as I can remember. Why do they continue to publish this misinformation? Because it get's ATTENTION! What does history ACTUALLY tell us about stock market performance...

norok Wizard

If people bought NASDAQ:COIN today at the first opportunity on the first day of the IPO they are underwater and must not have watched my video in December where I laid out the RIGHT way to play IPOs...

norok Wizard

These are two examples I would recommend for traders to follow when analyzing charts through Multiple Timeframe Analysis. These from the top down or bottom up help separate price action patterns into fractals that give a meaningful difference for making trading decisions. The mistake is using TOO MANY timeframes that do not provide a truly different glance at...

07:42

norok Wizard

There is no right way to do something in trading... but there are wrong ways! I see new traders making this mistake with Multiple Timeframe Analysis and I want to point it out so that they can get better! Check out my video where I first talked about Multiple Timeframe Analysis below (Two KEY trading concepts in one example)

norok Wizard

A great example of 50% Retracement Levels being significant and Resistance turning into Support to launch a move!

norok Wizard

AMEX:XLE is setting up a pullback level to the bottom of the Daily Ichimoku cloud matching with the 2021 Q1 50% Retracement level. It is showing a similar pullback pattern to one of its component stocks NYSE:COP which I took a position in this morning.

norok Wizard

NYSE:VZ Verizon spiked down this morning to a 50% level. It is worth a small risk trade to play back up the dividend catalyst dip from last week.

norok Wizard Updated 

NASDAQ:CMCSA pulled back today past the 50% retracement I was watching but still holding the Daily Ichimoku cloud. I already own a stake in the shares as part of my "Broadband rollout" investment thesis I began last June. Interestingly another stock NASDAQ:COMM which is also in that basket is up bigly today to a new All Time High. I added to my shares...

10:30

norok Wizard

One of the most common questions from new traders is "when should I take profits?" There is only one wrong answer... that is to NOT have a plan! I personally take off 75% of my position at a 3:1 Reward Risk Ratio target. The reason I do this is to give my strategy a mathematical edge when dealing with winners, losers, and in between.

07:22

norok Wizard

Multiple Timeframe Analysis and Support Turned Resistance are two price action analysis techniques with which all traders should make themselves familiar. Multiple Timeframe Analysis SIMPLIFIES going through many instruments looking for opportunity. This will make analysis easier on your brain! It can also greatly increase profit rewards with more ambitious...

norok Wizard

Have not seen a trade I liked in too many weeks but this morning NYSE:DRE setup a 30m timeframe triple top at 43.07. This also matches closely with the stock's ATH back in November. It is worth a swing trade short shares setup. Unfortunately options liquidity is scarce.

09:09

norok Wizard

Many traders I talk to on social media are buying Put Options as the market grinds higher. Is this a good trade? Yes, it can be, with discipline...