norok

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!

07:47

norok Wizard

For the first time in 2024 the US Stock Market's S&P 500 has shown TWO bearish signs at once this week. In any given year statistically one can expect 2 or 3 corrections of -5% to -10%. It is now month 4 of 2024 and we are due. In this video I talk about the two signs (False Breakout Monday, Break and Hold Resistance Thursday) that came together to signal the...

75:05

norok Wizard

Tradingview has cancelled all streaming and will be deleting my work. This will be my last.

norok Wizard Updated 

I have been patient to not issue new bearish projections until I see what I know to be objective price action evidence. With Sunday's Weekly bar close we received such a signal. In this post I want to detail how important this signal is in the understanding of price action as well as in actionable trading. I will present what I think is likely in the near term...

82:21

norok Wizard

Volume Profile is a powerful tool for finding levels where price will turn. We will look at how to use this in Tradingview.

52:08

norok Wizard

This week we saw Bitcoin test and retest the prior All Time High. We need a CLOSE above it to confirm the break. Will it happen before the weekend is over?

86:25

norok Wizard

There is one emotion to describe Bitcoin this week: euphoria. How long will it go on in that state?

74:42

norok Wizard

Is it time yet to short the highest flying stock of 2024?

norok Wizard Updated 

I was having a conversation with a trader on my social media and he was sharing future projections of Bitcoin INDEX:BTCUSD with a parabolic curve. This is easy to draw using past major lows going higher and also with the fundamental force of the Halvening presumed to begin in earnest now or soon. My feedback to him is that perhaps the obvious thing to do now...

86:32

norok Wizard

Price Spikes are a huge component of my trading strategy. Today's Livestream I'll focus on this concept all traders need to know and use.

76:58

norok Wizard

What do you do when every trade you have on is flirting with your stop? Do you go ahead and take the loss and stop the pain? Do you stick with your rules? I am inside that moment right now and this is not something new to a professional trader. How I'

norok Wizard

Back in July 2023 NASDAQ:NFLX on earnings did a weekly price Spike across a major 50% Retracement level. I entered into a short trade on the stock which worked well for a few months until the market turned decidedly bullish in October and then the trade stopped out. The recent earnings pushed the stock price higher as Netflix net income is dramatically higher...

norok Wizard

Yesterday Monero CRYPTO:XMRUSD dipped over -30% on new that Binance was going to delist it and other multichain (privacy based) currencies. When I first saw the drop of my watchlist I feared that some part of the Monero protocol had been broken and that its privacy focus had been circumvented. Once I informed myself of the "reason" for the drop I became more...