 Good morning traders and welcome to the live trading webinar today with Jay trader stocks trader He will be Coming in shortly. He's finishing up his room and then he will be presenting And trading live here. Yeah, small caps large caps. You guys know that the drill with with Jay trader So, you know who he is. We've had him here for a number of years now He has a lot of experience trading and very specific ways of trading stocks that Would learn all about during the webinar He also offers mentorship and education So I'll put these into the chat if you want to reach out to him You've got his email and his Twitter is YouTube website, etc. I Gotta go through the disclosures here and then we'll jump in and we'll go through the General market while we're waiting for Joseph And I'll go through the S&P e-mini We do this every Wednesday and then sets a nice tone or foundation for him to come in and look at very specific stocks So general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in simulation cannot accurately represent Realistic training performance risk disclosure training futures equities and digital currencies Involved substantial risk of loss and it's not suitable for all investors an investor could potentially use all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. All right, so let's jump in. Let's take a look at these markets After the huge down day yesterday and the CPI data Here we go We we can see the kind of low of the day here eight o'clock Right at the eight o'clock hour east coast time here and then Everything just a bit of a bounce here still in a downtrend As you guys can see even this a quick move here 930 to the downside to the upside It has not come back up into these highs up here. Look at the 3980 up here and Now also 72 and a half here. So in terms of liquidity just marking up the day here Looking at price levels. Where are the sellers? They're here. They traded at this 67 level and they're up here at the 80 level and they have not traded up there And quite a bit up there. All right 455 contracts on the downside here Well, just below the figure here at 3950. We see some liquidity, which is the low of the cash session here All right, you can see the profile here Just I mean kind of single distribution here But a little little wonky a little bit of some some low volume nodes in here as well but Anyway, nothing trending here yet at this point, right? So let's zoom in a bit further and take a quick look lots of stops and icebergs here as well. So Let me know if you have any questions Anything also from yesterday Good morning, JC. All right No, no questions. Okay All right. Well, let's take a look here. We're gonna we're gonna look at You know, we haven't looked at our bigger picture in a long time. So let's do that And kind of drill down from there daily chart here on the left The hourly chart in the middle in the 15 minute on the right You can see the down day here, but look at the up days here Okay, so this was back in July and and beginning of August and then down in August and then You know, here's our down day in September here After coming back up here guys, it's it's pretty beautiful structure here It's you can see the You know the breakout here the retest the continuation Above this swing which was kind of surprising but up to this swing here Okay, these are the same things we're looking for in order flow even on sub second levels in fact Okay, this is a daily chart. It is the same concepts And same ideas. It's just higher time frame. It is an auction That's why we're going over this simplistically We don't have to get all Detailed here with all sorts of different ways of looking at the market and Fibonacci's and Elliot waves and all these different things It is about the auction on all time frames It is order flow on all time frames just just more orders and More participants So anyway above the swing here It kind of I went down and retested the little bounce out of here come back down back down to this structure here beautiful, okay now Bounces back up again and then the down day. So, you know, everyone's like kind of oh my god Look at that huge down day Well, it has not even come back down here yet It has not come back down into this What is this is a 38 99 level here or 38 82 level here Okay, that would be the next test on the downside into these wicks down here If we look at the hourly it would be down here. Okay, so looking for it You know looking at the structure in here like this this consolidation in the breakout We've come back and tested these wicks here on the hourly just this morning Okay, it still has room to run here now. We're going to be looking for different scenarios For which way the market might go based on the orders and the behavior of others So we're going to be reading the order flow. All right, so 15 minute chart. Here's the gap the down day Yesterday and then you can see the kind of chop here. All right, so We're it's a bit of a bounce here due to some of these players down here. That's why it's bouncing Okay, that's why we're seeing a little bit of a bounce in here. Okay. This is where it broke out from before This is where there are our stops down here This is an area of consolidation and then it it trended away from that area Now it's testing back to it and taking a pause Will it go back into this area here is the question? All right, will it come back up and fill the gap where it left from up here as you can see huge gap All right, so we look for a gap fills but We're gonna have to get some Something in the news and the order flow here To stimulate the traders behavior to trade it back up here. All right, so let's jump in Let's take a look at what's going on in here and Boy, there's not much to take a look at at this time the move to the downside 930 Just below the swing here. Hey same concepts guys same ideas Just what we went through on that daily chart here. It is here Hey a little consolidation a bigger consolidation a retest back to that area here a bounce out of it back up above here Back up into these areas up in here this swing up here. Okay And we're starting to understand market structure Based on these price movements in here All right, so This is a pretty nice strong move by the buyers in here Okay, and now we're gonna start looking at who might be taking control of the market in specific areas So That's a that's a good area here. Let's just we're gonna dim the heat map for a moment here We want we want to understand where these big transactions are taking place in high liquidity like right there But we want to just look at the aggressors in here and the price movement the context of the aggressors and Or the other price structure here created by the orders the transactions So first we want to look at that market structure now. We're going to look at the The volume or transactions by the aggressors within that structure Okay, so we see there's more buyers here than sellers sellers come back down and it just bounces off of where they broke out from right here See we just this is how the market works, right? We talked about Bouncing off of areas in here. Well, it's doing it again Okay, you know on this smaller timeframe for today All right, so now we kind of made a mess here So let's let's get rid of all that And let's take a look at this structure in here because sellers did bring it back down And we're not finding quite enough buyers yet to bring it back up Okay, but the overall in here, okay, we talked about Wycoff. We talked about distribution accumulation This to me looks like accumulation. I see more buyers than sellers in here So I'm looking to see us come up. We're testing it right now at 70 here And I think they've got enough here now on the buy side to break it And let's see if we can get back up to 75 here Okay, that's just based on what we see with volume and structure here, right? So Let's zoom in here. Let's take a look at the order flow. Are we going to get that break? This is just one scenario here All right. Now, what are we looking for in the order flow? Well, we're looking for support on the bid like this underneath here. That's good Uh, and we're looking for buyers up here around 70 enough to break it up into the first stop Which would be 72 and a half here. Okay now uh We haven't gotten up here yet And now look at the sellers starting to come in Okay, but we're still holding this structure in here And this is why we're looking at the smaller time frame structure Okay, this is where the buyers came in here. They are again Okay, so we could even come back down here reject and come right back up here and then break out Okay Second uh scenario here sellers down. Okay, so we're down to 65 here Okay, secondary scenario here More sellers here No bounce And then a drop down to 62 And then maybe down to about 60 58 60 here straight away Looking for that. Okay straight away If sellers push it through here, there's no buying. There's no bounce and then we're just gonna we're we're gonna see sellers Drop it right down into this liquidity here. Uh, and then maybe they can get down to 60 Okay, so there we go our second scenario is exactly what's playing out here Um, I think that would have been a little hard to uh to play You'd have to get in a little bit late after it's already starting To to play that. Um, I didn't really see anything in here to to help out We just saw some of the sellers come down here And then they just dropped it really quickly here. Okay, so It's already traded to our level uh at 60 and it's already starting to bounce here. Okay So now you can play pullbacks, uh, and let's see what what occurs here if we get more sellers Around here around 60 again Boy, I'd like to see it pull back more And it is Good morning bruce Good morning joseph. How are you? Uh, good my friend. Uh, check also your dm Oh, did I'm Not sharing my screen or uh, okay. Hold on a minute I Send you a message as well Oh, okay. Uh, all right. Uh, hold on a minute here. Let me get It will work, but we can try. Yeah. Yeah. Yeah, sounds good. Sounds good. Um, let me get rid of my mug on here Okay Yeah, I should not be on there. Anyway, sorry about that joseph. This is your show So, uh, uh, all right, let's uh, let's get you up and running here Uh and share your screen There we go and let's pop it out There we go okay And so I don't know how you share your video. I guess in discord here, uh, joseph, right Let's see if it's possible You should be able to I don't I don't think I I can do it Says a video chat isn't available for more than 25 users No, but but for 25 it'll show Strange strange because it doesn't allow me anyways, you know, uh, I thought just was like a a funny idea Okay. Well, we can talk later and try to get you set up. It would be nice to see you. Um, on here, uh, and then, uh, uh, you know get get that, um, Reaction from you and kind of see your body Expression expressions, etc. Yeah All right. So, uh, good morning everybody um I want to start with the hottest stock of the day Which is buy-off We have a stock that it simply went this morning from four dollars up until 6.80 We have a 27 million volume almost traded 52 percent gap market cap of 30 31 million. So it's a small cap And 2.56 million of flow. So we're talking about a small float This is a recent IPO So we can look at the stock And this is a buy-off. All right The reason why not why it's up. Sorry traders We can see over here So, uh, publishes peer review the results of high throughput Flow cytometry use for evaluating long health in plus one If you go to check this news, okay, this is Always part of my pre-market plan We see that this is totally different from, uh, final endpoint method phase three Or, uh, FDA approval So we have over here, all right an update Um The plus one paper presents our unique method for determining the health of the inviduals long. All right So this is what it is, but it's definitely not Final endpoint met phase three as we said, uh, FDA approval So when I have a news like this I'm More on, uh, I would say on the news looking for a pump and dump The point that today we had on this stock a micro float An ssr And high volume So The plan over here for me was simple I was looking or for a pop and feel the gate to short or on hold off open level Manipulation type one Uh rip. Okay. So a long pattern Uh, the first thing I started doing is evaluating over here the level of support resistances This is the actual day on a daily chart So we can start putting our levels Course should have done this already before We can check out also Now our interday chart and I'm gonna put this All right And we can see this morning. This is the open, right? So we had the morning washout. We had a push over here to six dollars In old morning, we had a six dollar over here resistance Uh, this was around nine 35 There we are so then we'll we'll go back over here to trade so you can see traders that We had this level of here of resistance around 595 And then we had a push Right away. This is stuffed Came down. So give us a fake break out over here and it fell down to this area Okay So that's the point where it comes the a plus seven from the j-lines This is an engulfing bar. It's on a sidebar It's also a fake washout. So we have three parameters Okay, three definition for this bar Um It's a market where we have a lot of longs. So last week we spoke about stats Uh, we made a little bit more research on the stats stock with high institutional brews Uh, for the last three months Uh, tend if they hold open level after 10 20 To close green on the day and give us an extension between 30 and 50 percent from the open For 85 percent of the stock, uh, we say, um Reviewed Joseph, can you go over that one more time, please? yes so the The point is really understanding What are the longs and how we can get the best longs over here in the market? and uh the the point over here for me is How now I can select the best longs? all right For example over here We started like at the gate and I started putting over here j-lines curl up Looking for the long and we start looking only for long place besides a halt that I took on at a short I took on that halt and uh I started to look over here with uh with our app Of of extra trade this filter. So it will really help a lot of traders And I started looking for stocks between $1 15, but we can even put $20 over here I started to look over here gaps above 20 percent So previous day close to the open level 20 percent. This doesn't mean the high of the pre market Okay, this means traders what this means the open level Okay, open level Then I start to evaluate What The value I want to see something liquid. So I'm not really focusing on something less than 1 million Because no liquidity no trade for me The second thing is close After the first 60 minutes above the open I run even the the stats for the first 50 minutes is basically the same So if by 10 30 We hold the open level And the institution is above 30 percent. Okay, so You can see over here in the last three months 85 percent close green on the day average extension From the open is 25 percent. So this means basically 20 30 even 35 percent. We can have an extension Everybody's have a daytime 12 o'clock. So remember 85 percent of these stocks close green on the day What does it mean means that on the stock with these characteristics? I'm not really looking to short after a certain hour And I will be more inclined to I would say have a more bullish bias during the day While everybody is short Um, I'm only looking for this stock over here, which is holding still the pre market high for long patterns Book map was the way to go day plus setup we took today were uh by a flung Uh was made a short Uh some scalp with yes for the rest no other major playbook setups Also, sorry s prc long again another small cap. So we really work with the longs today, right? Now Look over here How this stock moves, you know, you know a fraction of a second It's spiked from 625 until 650 Just into this first liquid over here area 650 Okay So I'm not ready over here still to take any more trades Uh, we can we are creating over here Uh descending triangle. So if we look at this picture over here, actually we can We can find more useful Looking at this So we have our We have our breakout Major push above the pre market high major now push above the high of day This long over here. We call it manipulation type one Which occurs in the first 50 minutes out of the gate And this is a beautiful clear read for us All morning. I'm saying over here. This is a stock too long all morning So despite over here the The break you can see the the failures the the sellers over here coming in There's no point for me to start shorting something like this also because it's SSR So we cannot really shorten the bid We have only to wait for opportunities Again too long on the support or on fake washouts Joseph, this is amazing This is uh, uh, potentially I it seems like a very big change Due to this, uh, quantitative data that you have now Yeah, yeah, I can Yeah, you wouldn't you would have looked for The only thing that would have kept you from shorting this was the SSR maybe pre Your quantitative data Otherwise you would have been looking for shorts And but this is telling you something just totally opposite and wow what an edge You know now now go back to your your trading strategies look for them. They're tried and true You know they work look at the order flow You've got a really really solid plan Exactly So these are the stocks that we're having right now bruising this market, which are stocks micro float high volume often they will be SSR They're gonna trap both ways So they're gonna trap over here on fake breakdowns They're gonna trap over here on fake breakouts and they're gonna trap more on fake breakouts But it's not that after that you will have you know one steady trend Because on all these breakouts over here We're having sellers generally big hands. They were starting like to unload So it's very important to understand over here the price section and how the big hands work. Remember they're gonna use these breakouts level Or also this main daily High of day levels, right? Uh to unload their position Yeah, I mean, uh, I guess they They have to use the stuff Basically, yeah, they're of course Want to see levels where there's high liquidity So on that high liquidity They can dump otherwise if they dump over here on a support what happens That this will simply unwind like this instead. They want to dump over here on a I would say pump So they want to dump where there's a lot of liquidity form And that liquidity will sustain their dump. So they're actually selling higher than selling over here Yeah, the the mechanics are very different with the ssr Yeah, yeah So look this over here for example, if we zoom out we can see the pump Into the 680 level And then boom wash So this morning If you look over here We had this major long pattern Now we're having another major long pattern at sprc Exactly At this level over here. I already took the long this morning on sprc. So we're gonna Also bring it over here. You can see the high volume trader that we have over here in sprc I'm staying over here with the trend. I'm looking at 150, but it's not my idea over here to take a short We're still propping. So we can see over here the buyers from 135 moving to 138 On a daily chart, we have a main resistance 155 So what I'm doing over here is only staying with the long patterns The only possible level that I'm looking for sure would be 155 Or buyers over here 138 139 140 They've consulted at 140 traders But here we are too late for a long So the long that I took today Was here Also, we had another long setup over here The first long setup was here. So just when you see the error, right? And uh now what we're rating only that 155 for a possible reversal short It's a 90 may hold we can see they're Trying to sell into the support Some liquidity 135 136 This is still bullish Still making higher lows But what we had over here is a fake washout push and stuff So for now just continue to put higher lows And until that 155 we're just waiting We see this dip traders, but no main sellers for now Holding this 137 Below 137 we can have a little wash until 134 133 for now holding But second the meantime bif over here So bif came back Into the range over here below the pre-market high This is one of those stocks that can still trap over here Uh show you that it's going to go below VWAP Which is this level over here And then midday afternoon push back up over here to 656 70 So careful on these stocks as I said Um, we are still above the open level by 1030 So be very careful I don't suggest traders like beginners to shore something like this Uh Pro traders can look to trade these on fake breakouts On stuff after manipulation plays But otherwise simply try to avoid shorting stocks ssr micro float high volume Which during the years I've seen like So many traders Blowing up or having very big losses on these type of stocks Yeah, it's it's tricky with that ssr Um for the short yeah It's also giving I would say I mean this ssr Gives so many good long opportunities Uh, so what I'm looking over here is two possible scenarios one would be stuff 610 so We'll be looking this on book map and the chart to short One instead would be the reclaim over here of the six consolidation And then rip to 646 50 so we have two possible scenarios this morning the The best trade That I took this was a home run was the morning reversal So I got along exactly here I saw the price the sellers jumping in And at a certain point I saw this swash near the 550 And I started longing over here 560 And then I guided this until the 590 this point very fast I recorded the trade I was sharing my screen while I was trading this So I covered this live Was a very big read over here on the other flow Especially what I love and we spoke about in the previous session bruce is this v pattern that you can see over here So we had this v Right away over here. I found the bottom and this was the first Uh push the first leg up. Yep. Nice one Where is the v on the uh on the candlestick there? All form in this bar Ah, okay So unless, you know, we put a Maybe 5 10 second chart or big chart. Maybe, you know, a 33 or 133 We cannot really spot that using the one minute. So we only see this this week over here All right, let's go back to the actual price action And now the v pattern over here, but this time we can see that we don't have that follow through to the upside But it's the same thing. You see this engulfing bar, buddy Yep, but it's a slow price action in this case. You see it's a slow price action So I'm not really longing into the jay lines below the v-wap On this low volume as I said or 610 stuff short And again, wouldn't be a short setup for beginner players Because there is a lot of structure over here to understand on this manipulator stock Or consolidation above 6 And then waiting for volume too long for a squeeze And in that case, I will pray I would really play on the risk reward ratio So very slow Pace over here Some good setups over here. This is one of the The traders mentoring student over here. So perfect Perfect trading this morning And we can see bruce how the jay lines worked over here. I mean simply sick We're gonna put book map up on this Yeah, that's your uh That's your yeah a plus right there Here and here personally I didn't take this morning meta. I called two trades. I missed it for a few seconds This is a very good setup that we had On that stuff for done wine Very fast, I would say reactive this morning meta a lot of spikes over here That's what seemed like a nice trend. Just easy Clear trend over here. So we're going to continue to follow sprc if we're going to have a Short setups into 155 Which is also daily level previous high daily resistance B if c a f We're going to look for or the shorts extent or consolidation then long per squeeze Over here at tesla no pattern over here The main pattern we added Exactly here. That's the first point then over here. We had some scalp tools Uh That's a second a plus setup over here. Then we add over here some scalp possibilities Around 1045 not looking to take These uh dips for now. So we'll continue to To follow over here the price section. There's a question or request to look at ad tx Yeah Was one of the main gappers this morning. This came from our um reverse split This morning We can go On this i'm just going to point out over here This so you will understand I don't need to explain where the setup But the a plus setup over here came here It's actually in this bar. So this is a beautiful setup on ad tx Uh, I was not on this at the gate. So I didn't trade this I want to see if book map also gives the confirmation. Okay So Well, let's wait this loads. Now, let's check over here ad tx. I want to Double check the stats on this ad tx Again another stock with ssr. In this case it dumped Uh came from a reverse split Uh sure float over here. So it has to be adjusted So I believe was 1 to 50 Reverse split. Yes 1 to 50 So over here, uh, we should have like a 1 point What? Like a 1 million float 1.2 million float something like that Actually 1.1 and something million float Uh financial of this company are scary Because this company has a cash of 800k and it's burning per month 800k So they have no cash at all That's the revenue. That's the negative net income There is the of the place over here and we can see the gap stats Uh, when we put a high volume last three years a close two times green one times red But we can change this and I'm going to put for example 10% and over here 1 million Let's see if this changes I believe yes, so we have a six time this close red so 66% uh on On nine gaps over here An average a average high of day time 10 o'clock. So let's uh bring book map So all explanation is good without timing means nothing So Over here. I really see the setup just a pop and fail That's our vweb, okay What I like over here is the um Resist of the pre-market The pop of the vweb is one But then I also have the pop of the j-lines and when it fails So on the first bar on the second bar So basically 9 30 9 31 I I like to enter short over here what we have is also This decent liquidity, okay So they're like stacking over here the the ask It's a nice wall so you can see how the sell to jump in From the vweb This is one of the usual setup that I teach my playbook and that we trade every single day For example, even when we trade uh big caps or mid caps, right? Those is very very Uh easy setup, especially often you will find in gap down plays on mid and big caps So you're waiting for the pop Then using book map over here for time in your entry And uh, this is exactly yeah 9 32 9 33. So that pop is this Once you start seeing over here a trend line break and the sellers you jump in this stock as we said is uh You know is actually a stock with no cash reverse split micro float We're only looking over here for an unwind. Okay, so if you're looking to trade something like this Don't look for longing. Okay. Don't look for long. Let's go back to buy off all this bruise maybe I'm wrong But I remember a lot of these setups that They did traps to the upside. So this is a possible scenario. It's a possible scenario. Sorry Yeah, how would you um Play that would you because it's below all your moving averages there Yes, often. Okay. I'm not saying this is the scenario but often They have these uh consolidations below vweb So if you think That the majority of short sellers will join when they think the trend is cracked, right? When the trend is cracked when we are below the pre-market eye again And when we are below the vweb And then what I do they squeeze it out uh And we have you know, um Short-strapped that's a scenario that a scenario is that instead we have a push to the sixth 10 So if somebody Advanced or pro Is looking for a potential opportunity what personally I will look for Is a stuff into this area because in this area We had really the shift between the supply over here and the demand before So that's the key area six six 10 six 20. All right. So do you ever um, just When you see maybe something on a very small time frame like a break maybe the nine And then trade it up to vweb Uh, you mean like if I would enter over here long. Yeah No, no because we have a potential Uh, we have uh overhead resistance And there's always a potential over here that this is what this washes until 535 40 previous low So I don't really want to Get caught in something like this bruce. I mean look over here the sweep Over here. I think like more than one stop loss triggered And I simply watched so I don't want something like that in order for me to long I would only wait for consolidation above six and then looking for that potential squeeze otherwise No trade for me at least now Okay, understood I prefer to stay on the I would say The low risk Side of the game over here Uh, especially these manipulative stocks, you know in Five seconds they can wash like one buck So I want to be caught, you know, probably done halt Just like sprc did just just now look over here You see that sprc Uh, this is what I was talking about Look these manipulative stock what they're doing, right? So they're washing over here And now they're back into their support vwap and j lines. This one is already One two three times So I'm not trading this moment My my accounts because I want to explain you this but of course Uh, I would have over here my three stocks that I'm following The level two so the the the window for the orders using my hotkeys and then looking to play Using book map levels. All right, that would be my screen. Yeah, beauty. Oh, these these stocks are so tricky Yep Yeah, if you want to have headache trade small caps Worse than futures worse than crypto worse than big caps and make caps. I can't guarantee you that I was just trading. Sorry talking yesterday with a trader And he told me j. You know what? I don't like really small caps too much confusion Uh, I don't understand this counter trend. I mean why have to show up when something is high Uh, why simple? I said trade, you know, now we're trading and it's doing much better with the big caps Because like tesla it found a direction today. It went that direction meta. It found a direction today. It went the direction So they are much smoother And trendier when you know, they establish, uh, a trend, um, and you just have to do trend following Yeah, instead these are very quick strong moves uh, and then, um You know, maybe it continues. Maybe it just chops and Yeah, exactly. It can be very very tricky I mean look bruce, um, we are looking at This So it seems like this was a 930 So it seems like dies, right? It's old in 1130 and then boom comes back up And this is uh, it's a small cap and then we add also others. I think we had, um Uh, this was even worse. This was even worse and I look for example v net So it looks like Is down in the morning open and then boom pushes midday and then we have a cmra Another one. So this was uh yesterday So what I do, they do the morning traps over here. This is the morning open 930 Comes back seems like dies. What happens two to 30 boom up 100 percent almost And then day after so this morning we had a plan to short this Simply day two dies Yeah, these are just just heavily heavily manipulated Yeah, I shouldn't say that, um, you know, it just looks like a lot of big players, um Yeah, and it's you know, I would say the normal agenda Of the majority of these stocks Yeah Yeah, this is by day two More than 80 percent are below the open level of day one So this means something in the stats, you know means don't hold these long Yeah count counting your your money, uh in the overnight session That's a breakdown. That's the reason why we don't want to long something like this, you know We were just explaining this the sellers over here coming on the break of this support So we're looking over here this 572 573 Uh once we break this 572 573 Wash again sweep over here. Okay. So again stop loss orders. We're now this is not a long Now this is the main support of the day for me This area But we're gonna look if we're gonna bounce from here or simply I'm not sure that I'm not holding personally this trade is short We're gonna see if We're gonna have a setup So some support of 560 Could be even covers over here that are placing myself on On the bid I mean it Joseph, I mean I'm just kind of speculating here, and you know I've been watching your webinars for I don't know how many years now And consistently learning uh more and more I mean if if these Larger players on these small caps Have their agenda Uh, yeah, it makes sense that they're going to be finished um Or try to get as high as they can around 10 to 10 30 uh east coast time Uh, and then just dump as much as they can Uh, try to attract people to still buy and then just really just Um switch hands Yeah in the uh in the order flow Yeah, some are players that Are already long maybe from previous days. Some can be back holders That sorry that maybe they're waiting for Uh a gap and then a pop an extension to unload their size so they want to you know Uh get a higher price But over here there's clarity manipulation of the gate This breakdown over here is really created in order for trapping short sellers Also to accumulating The logs that are stopping out And what they're doing over here They're absorbing So whenever we watch at a gate Uh for a low And this morning I I wasn't really explaining this bruise and really seemed like the picture perfect You could see over here on a buy-off That at this 550 Which is this level over here 550 Let's put some zoom We are absorbing and you can see over here buyers buyers buyers buyers buyers And then what I did they broke this support Of course in that moment When we don't know 100 of this will unwind or not Once we see the price reclaiming again that level Retesting that level and then starting to break that consolidation And again, this is the bar for me too long. This is a normal engulfing Bullish pattern if you study traders the the candlesticks I'm a big reader of the candlesticks really help you especially on this market. We have so many patterns every single day So we can see over here. This is an on-site buy right and reclaim the zealines And then reclaims the view up and dipping to the view up me and that's that's screaming long. That's screaming long And uh And this was another one this wash the gate. So we had two scenarios over here where They are trapping bull traders both side of the trades the traders Bullish traders and beer traders. So longs and shorts and then they're squeezing it And if they're buying over here 540 550, maybe they have even a lower average from this pre-market And then what happens over here? They start this is halt. This is a halt over here five minutes It opened 955 and 35 38 if I remember And on these pops they started like selling It's 50 660 640 they start selling And then over here once they have, you know, the last push Okay, over here probably a lot of the buyers They're starting to push and then the big ones start to unload over here more start to load on load on load on load on load and uh Is this gonna fill 100 percent? We don't know. We just know that open level Then 30 past with an institution above 30 percent this uh Closes green on the day by 85 percent of the time in the last three months Okay, so We're gonna look for that pattern right now For now, this is still a bearish mode. We need to respect over here the price section This level that we set is the main support This morning we had a trap over here below supporting squeeze Then we had a major other trap over here for this fake breakout and wash So two major setups right over here we had this We can Do like this. This is a fake breakdown And that's a fake breakout Yeah, I mean, this is where I think book map can kind of expose Some of that activity very very nicely Yeah, absolutely Over here, you can see the really the exchange, you know From buyers To sellers the shift over here momentum Which I I simply love it And it's so clear Once we have this Tesla going to the highs again. So we have a runner in this case atxg Another recent IPO Let's put it for our chart we can see over here trader that Yeah, I traded 15 million volumes on this day Actually on this day, sorry 15 million volume recent IPO I want to check The reason why this is moving up So we're gonna go top list one second And we're gonna put over here Also, so we have also hkd careful on this remember This is the stock that went what 2,500 percent or something like that put over here atxg We don't have over here any kind of stats because this is a recent IPO No news I can see for now So I went and really looking be looking to trade a short Reason we don't know why it's up Uh should be up for a pump or a newsletter Uh, we don't have any kind of key daily recents of the areas here just higher And we're talking about the 32 or $40 not really looking to trade this short or long for now So waiting on a atxg, right? No clear over here levels No clear plan Also, we don't know the float we don't know the institutional So simply waiting on this one. Yeah, simply waiting on this and no No volume for now on On by f so we just have to wait Watching all at tesla as well, but i'm not gonna Take any trade for now on tesla All curl over here making hard low But we are still In this downtrend right now We are below the v-wap. We're below the pre-market eye We're still above the Actually, sorry, we are just now below the open level Starting to curl a little bit more On by f It's a nice price section over here 304 top Nice rejection 304 here Yeah tesla just it moves quite nicely. I mean and consistently compared to the some of those small caps Yeah, what a big trend And they're big moves Yeah tesla made amazon We leave the best stocks to trade in this market Those are some of the stock that I trade the most or almost every single day so Good liquidity, you know, we're we're i'm glad that we have that kind of Market this kind of market So I put over here this morning my fibs And we bounce from the 61 percent this morning You can see I put the high over here 100 percent to the low over here at 265 And this morning we bounce So reversal pattern On this bar over here. So you see the breakdown right away reclaim dip and push Now we are above 300 so target expected is 306 It seems though like joseph like the Mechanics of that of the small caps really Keeps you in tune like sharpens your skills tremendously So that you really understand how these markets work Yeah, and then and then applying that to a large cap is It's like slow motion absolutely Trace small caps you need You know that I mean, I would say that the hottest stocks of the day But through small caps you need uh, I would say a lot of timing speed fast decision Be able to change bias fast because you know from the staff on a fake washout On a dip bounce or On a rejection I need to actually Be able to change the bias and this is one of the hardest things to do for traders How many times that you know, we start with the bias and then we cannot simply Look at the evidence. We cannot simply Think that we are wrong because we only have that idea in our mind I remember a couple of days ago that a trader was telling me j if I only follow the strategy You know purely as it is if I only follow that playbook setup that he told me My trading would be so much better But instead sometimes I come to the market or in this case often It comes to the market with an idea with the bias and for me the bias is uh, you know, double sword edge because Um, it can help you sometimes, you know to form a thought so to think okay, where you have to be Uh, what you have to be looking for but then it also um, I would say um Not make you see completely different perspectives And you may be not realizing that you're wrong. Okay, so be very careful Traders to have a bias in the market Follow more what the strategy is telling you follow more what The the pattern is telling you and the price section in this case and and or the flow more than anything else Yeah, exactly. Uh, I had a pretty bad webinar a few weeks ago. Um, I had a bias on a much higher time frame and you know every time like uh The chart is screaming to you, but nope you're holding on to your bias And that that really it it's like, okay, wait a minute take a step back Listen to what the orders are telling you Uh, and uh and and follow that. Um, you're just swimming against a really strong current otherwise Yeah It's normal mean to form a bias The most important thing is then you know to be able to recognize when you're wrong Yeah, and looking for you know the the next opportunity or you know to change bias if we have to Yeah, yeah, I mean if if the it's hard and like you said, these are the hardest things. I think um in in trading But uh, uh, you have to let go of that. Absolutely So looking still that we're here at bayaf Doesn't have the high volume Very slow volume. We're here slow motion for now midday So we're gonna see traders for who's gonna follow this during the day If we're gonna have you know this fail of the 565 60 which is the main support you can see here I trace it So if we're gonna have this unwind or If we're gonna have this and a reclaim and A push to the high of day again Okay, guys get your uh questions in for joseph Uh, joseph, do you want to explain ssr? scott's asking yes So ssr uh is Once we trigger uh, minus 70 percent from the uh from the previous close And we have in our We can go even the top place over here I like to have a here filter that tells me as you can see over here ssr on So I mean short silver friction And the the sec did this because when we have like, you know periods of uh high volatility And panic selling where everybody is trying to sell And you know the stock will go minus 10 from the previous close will trigger ssr So what will happen it will happen that everybody is still trying to short the bid or sell the bid in this case So it will like really be a panic selling They do this in order to prevent this kind of uh, I would say A deadly price section. So in order to I would say Uh, safeguard the market safeguard the stock So you cannot actually short the bid You have to short the ask All right, so you're gonna short the left part of your your book. You have to short the ask they do this as I said In order to put like, you know a lock and prevent That a company will go, you know Uh, down 40 50 60 percent in a day just in a couple of minutes because when a a panic selling starts Then everybody will start selling and there won't be no end in this case You know, it's a it's a little bit better Because short sellers can only jump on the ask And uh, they can take less advantage of this case scenario. Okay, so It's to prevent the speculation in these cases so also A lot of these ssr on purpose in the morning um That the company waits the ssr day to put out the news Or to create an environment the previous day to put out the news on ssr So that on ssr Being that short sellers cannot jump on that bid but on the ask They were start manipulating and then, you know uh Push it like this morning on buy-off Push it like this morning last vrc So they're using this technique to squeeze essentially The the traders All right ssr low volume instead as a good tool for shorting ssr low volume over here, they're slowly Uh buying on buy-off. I believe also we have covers So the reason why also this is bouncing because we have short sellers Uh covering over here sprc for now A fast recap Is not a short Nor along at these prices So we're only looking for this uh 150 now daily reasons 150 155 too short This morning was waiting for 155. So i'm not short over here simply waiting Tesla big run in uh At the open big run midday both times on jalan's perfect a plus setup Resist is around 306. So we're going to look for those levels over there also a target 80x nothing 80x g over here for now nothing We're going to see if we're going to have a consolidation Around 450 which is the jalan's the vwap level area for a possible long Buy-off as we said I'm not going to long over here below six. I'm only longing above six with consolidation Or i'm looking for six dollar stuff six six ten dollar stuff for Um another unwind or for who's short to recycle As I said, this is a stock only for advanced and pro trader too short Not really for beginners Okay bruce any more uh questions Oh, sorry Uh, I had I was muted there. Um, can you hear me now? Yes, I can hear okay. I'm sorry about that. I was just saying uh, um A route about the uh, there's no hidden orders. They're only estimated um in book map for stocks But we for futures cme group futures. We have mbo data from rythmic and our Stops and icebergs indicator package we can know precisely about the iceberg activity for native icebergs And uh Just wondering if you have any comments here on uh, the court ruling and elan musk and twitter price See twitter guys if you like this, uh, uh webinar, please subscribe to the channel and give us a like there That's very helpful So that was a question about twitter. Yeah, I guess, you know, it's a fundamental play, uh, and then looking at what what the chart looks like, uh To maybe support well chart totally range over here. Uh, I'm more a technical trader than a, uh A fundamental trader So what the trading strategy? That's the reason why I have a trading system And when it tells me to trade i'm gonna trade it for now I have No reason to trade this in this range between these two fifth main levels You can see I already traced them the previous days because I was monitoring this And uh, what I'm looking is a consolidation in my case above 42 And then looking too long for this push or only below 38 39 A consolidation for that unwind into this range. I'm not really trading over here, uh, twitter This is the kind of price section That I look to trade only this kind of price section not when something is this in this uh, this area Okay, yep understood All right traders, so I think Bruce, what do you think we can wrap it up over here? I think we can wrap it up joseph All right, so today traders we talk about the manipulation Uh, bif was a type manipulation one. So the squeeze that we had for example below the vweb and reclaiming the pre-market high So study that study what happened on book map the absorption that we had in uh at the open The second thing is uh tesla. So study when We had the dips along with the vweb This was a good runner from 292 to 302 and then actually touched the 304 Uh study also ad tx which was a morning pop and fill and we you can see those huge sellers over here Jumping in so topping over here 28 50 28 27 50 and 27 Uh, I ask And then also we had sprc which is a very small cap never got to our level 150 155 So if something doesn't reach my level Even if I took bars because this is an hard to bar stock At least for many brokers. I'm not looking to trade it. So Uh, you need to have patience and really self control in your trading All right, so bruce, I think that we covered the majority of the price action of today Uh traders again gonna see you next wednesday gonna be my last day last wednesday because then I will move to the states for three weeks And I will be invited trader for causes a speaker So hope to see a lot of you over there because it's for charity. So, you know, sorry bruce If I have to do this, but it's for charity. So I think it's a good thing Uh, and uh, thank you book map. It's an incredible tool So I'm really happy to spread the word about book man teach every single day book map in the room If you need help reach out to me or bruce, uh, write in the comments below and see you next week. Thank you very much traders Thank you, joseph