norok

norok Wizard

A handy trick for visualizing the arbitrage opportunity between Bitmex quarterly futures and spot is to input the equasion (XBTZ18-XBTUSD)/XBTUSD*100 into Tradingview. (You can substitute XBTZ18 for another quarterly symbol). I believe all account types can view this on the Daily resolution. Unfortunately historic data for all past quarterly futures contracts...

norok Wizard

"The main purpose of the stock market is to make fools of as many men as possible." -Bernard Baruch If Bitcoin were around 100 years ago Baruch would have been more broad with his quote. Nevertheless it is apt to all markets. Before the last selloff there was much buzz on the Discords about a big move coming in Bitcoin. I do not subscribe to any of these...

norok Wizard Updated 

Starting the week with a top testing short on AUDCHF off the 30m

norok Wizard Updated 

11500 was the key level. The last move down did not quite get to my target of 5k but I am still long term bearish. Price came back up to a major weekly Ichimoku resistance and held last week. If this move follows through it could continue all the way down to my afore mentioned target. I've effectively hedged my Bitcoin holdings at this point to be delta...

norok Wizard

Normally I would leave the hedge on longer but the premium squeeze is gone and we've had 5 straight days of serious bearish movement. I'm going to close my hedge here at support and look for opportunities in the next few days to put it back on. Meanwhile I'll be scalping with a neutral bias to make up any "lost potential equity."

norok Wizard Updated 

Going short again in USDCHF with the first significant pullback since making it's I caught the beginning of a few weeks ago.

norok Wizard Updated 

Putting it out into the universe what I have been telling friends (much to their dismay): I'm targeting Bitcoin to $5k. A lot of people have been buying at 10k and saying they want to buy at $8k. The goal of the market is to make the biggest fools out of the most people so I think it will blow through them down to a point no one thinks it can get. Then it will...

norok Wizard Updated 

Looking for USDJPY to reverse off this consolidation back to resistance @ 111.

norok Wizard

Pre-Earnings Call Option trade

norok Wizard

Taking a long Call position following earnings on GLW

norok Wizard Updated 

Going to start my Veritas Fund with a trade in the EURAUD as a pullback from the slow, weekly trend matching the Ichimoku wave on the Daily.

norok Wizard Updated 

A lot of traders are coming to Bitcoin in recent months hoping for 1000% returns to grace them as if the run is sure to continue. Having seen multiple bubble and bust cycles in my time trading Bitcoin since 2013 I've opted for a different approach. Starting last year I began employing a futures cash-and-carry strategy using the Bitmex Exchange. Usually and...

norok Wizard Updated 

ARE triggered an alert on the Weekly level for a pre-earnings play. Volatility is creeping up so it should offset theta to a degree allowing me to capture delta if it makes a move to retest the high prior to earnings.

norok Wizard Updated 

Catching up on some logging from last week: bought puts for the run-down to earnings on JCI

norok Wizard Updated 

Watched the shakeout bar and went back into CADJPY.

norok Wizard Updated 

I don't like the volatility spike but I do like the reward potential on a pre-earnings move back to the high. Going to take a short term Call Option to capture any volatility increase as earnings approaches as well as a run-up to retest the high prior to earnings in a few days.

norok Wizard Updated 

Grabbed June 60 Call Options on the post-Earnings dump

norok Wizard Updated 

Establishing a long position in EXR as my first Option trade of 2018 for the Veritas Fund. Ideally as the stock moves up over the life of the trade I'll be able to sell shorter duration Calls against it to maintain positive theta.