norok

03:26

norok Wizard

Last week I put out a video idea on how to do research for what could become a trading meme: Short Squeezes. Today that has happened! Nearly every stock found on the scanner for high float short pumped double digit percents. Do not ignore this trend in the market going on right now!

norok Wizard

Trading the Ichimoku pullback to the cloud on NASDAQ:LKQ with March options aiming to get the move to retest the high going into Earnings in February.

norok Wizard

Earnings are next Wednesday and NASDAQ:AAPL is looking very toppy on the Daily with a third test of this level. The spike to confirm the level on 12/29 would have been a good short term short. I am not convinced that the earnings runup has the momentum to push past the high with the price action yesterday afternoon and this morning. I took short term Puts,...

norok Wizard Updated 

Can't see it on the Tradingview data but this morning NYSE:AME spiked out on the morning open for a short opportunity. The pattern also happens to match with an Ichimoku cloud pullback.

norok Wizard Updated 

Have you ever been at a party and talked to a very intelligent person about their specific field of expertise? Those conversation can get very long and hard to follow... Last night I had such an opportunity to speak with a software developer that knew a lot about Intel's chip architecture. He was incredibly passionate about NASDAQ:INTC and its future product...

norok Wizard Updated 

A friend using one of my indicators clued me in on a 5m setup on BITSTAMP:ETHUSD . I cautioned him that right now is not a "your chance to YOLO double your money" territority... that was last year. Now is a "low risk"/"low leverage" time in the cycle. That being said it is worth a low risk play at this dip.

norok Wizard Updated 

I got a signal yesterday on NYSE:EL which is a stock I've been looking to buy on a pullback for the $becky index. For those that don't know the $becky is a meme portfolio of "things white women buy." It's basically consumer products AKA consumer discretionary. I'm looking to play EL to about 259 and then a retest of the high and beyond

norok Wizard

It is interesting to look at the BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS on this down move. The significant drop in leveraged long positions suggests that this is a profit taking move. Those that were in leveraged long positions are losing faith in a new ATH any time soon. They are getting bored. The corollary to this is that a further move down is...

norok Wizard

NYSE:CARR pulled back to support for a pre-earnings play with February 41 Call Options.

norok Wizard

It looks like Bitcoin has rejected the bottom of the triangle formation I've talked about in recent ideas and videos. This rejection also coincided with a volatile spike bar signal.

10:05

norok Wizard

In the news this week is the short squeeze going on in NYSE:GME . Lots of institutional investors are taking BIG LOSSES as the stock gets run up by 'social media groups' pumping the stock. This is not a new phenomenon in the market so how can we as traders identify the next short squeeze opportunity? We look at ways to scan for potential short squeeze...

norok Wizard Updated 

So to answer one of my follower's questions about triangle patterns I released a video with a very basic overview of the pattern and how it has worked in the past. I alluded to one of the issues with triangle patterns in the video which is that often times a false breakout can lead to a redrawing of the pattern. I don't like this at all. Trading chart patterns...

norok Wizard

Took a pre-earnings play on PKG with the Feb 145 Call Option as an Ichimoku cloud pullback pattern.

10:36

norok Wizard

One of my followers on Tradingview pointed out that there is an abundance of ideas about the TRIANGLE on Bitcoin. It's great the pass the time drawing pretty pictures but can traders actually make money from them?

norok Wizard

Continuing with my trading Ichimoku this year I caught a trade on NASDAQ:FISV at the bottom of the daily cloud. I'm looking to play a Call as earnings approaches in February.

08:38

norok Wizard Updated 

Inspired by serendipitous events today I wanted to make this video about Ichimoku and how it can be used to analyze and confirm price trends. I use the TVC:DXY as an example because it is of topical discussion by everyone. In this video I show how to use the most prominent feature of Ichimoku, the Ichimoku Cloud, in tandem with the Chikou as momentum to...

10:59

norok Wizard

Are we at the end of the Bitcoin trend? Right now Bitcoin is very strongly bullish and traders should not be nervous... yet. In my video yesterday I talked about how to use the Ichimoku cloud to confirm when trends begin. The corollary to that is that it can also be used to identify when trends END. In this video I demonstrate where traders should begin to...

norok Wizard

To start this year I am returning to my years of training in Ichimoku for longer term plays. I began with a Put buy (Mar19 55P) on NYSE:CBRE to play down to the retracement as earnings approaches.