norok

norok Wizard Updated 

This 'healthy' pullback to the persistent bull trend happening this week has significance... it is retesting the past ATH. This is a decision point. Will we close above it to confirm the past ATH as a support... or break it and signal the failure of this great rally as a false breakout?

norok Wizard

Taking a long on BITFINEX:ETHUSD on the 1h to start the weekend after a big morning volatility bar.

norok Wizard Updated 

Starting off the week and my publishing of live equities trades with a long position on NYSE:DHI . Looking for it to hold this spike created in the early morning back up to a retest of the recent high range.

norok Wizard Updated 

Took a long trade this morning as my second trade in the strategy.

norok Wizard

For a number of weeks now it has become clear that Ethereum BITFINEX:ETHUSD has been outperforming Bitcoin BITFINEX:BTCUSD in relative terms and in recovery from the March lows. I was strongly considering changing my opinion about Bitcoin always having the dominant allocation in a smart cryptocurrency Investment Portfolio. I even thought that perhaps it was...

norok Wizard

I am interested to see what becomes the dominant method of Internet crypto transfer in the near future. The cost of Bitcoin transactions are becoming incredibly cost prohibitive. In recent weeks it has been as high as $6 worth of Bitcoin to make a transfer. Often times companies that sell products online and accept cryptocurrency will offer discounts. One I...

norok Wizard

So every cryptocurrency, having taken on the mutual correlation that Dow Theory predicts, is trying to recover its price from the recent big drop. I'm using Ichimoku on the 1 hour charts to gauge the strengths of BTCUSD, ETHUSD, BCHUSD, and XTZUSD. Ethereum is winning in absolute percent gains off the low but very close behind are Tezos and Bitcoin Cash. ...

norok Wizard

Headlines for clickbait this morning are saying that the "Dollar Shorts are getting crushed". Sensationalism aside I don't agree. The major instruments to watch being EURUSD, Dollar futures, and Gold are having very minor of pullbacks from their clear trends. Gold busted right through its former all-time-high and is staying. Inflation still in full effect...

norok Wizard

My target for the hedge 11900 was a bit off... 1.6%... I'll endeavor to do better next time :D I liked the play out of "reducing volatility" with a hedge. (See last Idea) A 20% hedge saved a drop of -8% by reducing it to -6% off the high's gains. I think that big drop killed a lot of the late-day FOMO buyers... their spirits crushed... may be hesitant to go...

norok Wizard

The Bitmex futures premium on December contracts is now up to 4%. This is not a historic high by any means but starting to offer a good yield on hedge positions.

norok Wizard

Ecclesiastes 1:9 What has been will be again, what has been done will be done again; there is nothing new under the sun. NYSE:KODK

norok Wizard

Stock market up... Crypto up... Precious Metals up... what is going down? Your buying power... if you hold CASH! Not many are really noticing that with historically (even lower) low interest rates and helicopter money being written in checks to everyone that we may now be visually seeing the inflation of the USD. I am speculating a -6% drop in the US Dollar...

norok Wizard

If I wanted confirmation I would look at my favorite derivative indicator... the open positions of Longs and Shorts. Are we going to break 10k? Maybe... definitely bullish right now on lower timeframes. However, we have yet to clear the high and are hovering at the 50% retracement of the 2017 bubble. I just don't see there being much "blood in the water"...

norok Wizard

I took a long term, OTM Put on TWTR (Sep 23 Strike) to play it back down to the last major low. Next earnings are in July and lacking an August expiration I took the September to encapsulate the potential move as well as capture the volatility rise leading into it. The technical setup is playing the 50% retracement of the big March move combined with price...

norok Wizard

One can visualize the pain and carnage of the traders that were short Bitcoin going into this move. While neither the amount of short interest nor the percentages long/short were at record levels they were definitely high and had been increasing steadily since the dump in March. If anything it was a great reason to be contrarian as the shorts steadily increased...

norok Wizard Updated 

The title was at least my reasoning on the trade... On April 20th, as the big news was that Oil was quickly becoming "free" I wanted to participate in this once-in-a-lifetime opportunity. My preferred instrument to trade oil has always been USO as it is an equity, optionable, and highly liquid. At the time USO was trading at 3.8. I decided to sell the 2.5...

norok Wizard

I primarily use TDAmeritrade's thinkorswim platform to trade and I am starting to notice that their intraday data integrity is far better than Tradingview. I use thinkorswim to generate my morning alerts for "spikes" and the bars in the platform are very different from TV. Regardless, the number of alerts this morning gives me a hint that the market is getting a...

norok Wizard

I has become incredibly interesting how the markets (both stock and Bitcoin) sit and hover around the 50% retracement of the big move from a month ago. I am glad for posterity's sake that on March 24th (a big up day) I put out to many of my trading groups that I called the bottom... in a tounge-in-cheeck joking sort of way... about how my Oatmeal Indicator...