 Good morning traders and welcome to the bookmap live trading webinar today with Jay trader stocks trader. We do this every Wednesday At 10 a.m. But he comes in around 10 15. We say to 10 20 just in case he's Wednesday usually in yeah somewhere around You know 10 10 to 10 15 or so Anyway, we'll get the peek over his shoulder how he trades how he trades stocks his setups How he reads the order flow integrates order flow within his trading methodologies And one of the things we really learn about is not only trader psychology, but about The management of the trades not just entry and exit, but the management and due to the order flow All right, so you guys know who Jay trader is? And his contact information is here if you want to reach out to him We've got email etc. I'll put this into the chat for you We got to go through these disclosures bear with me for just a moment here And then we're going to jump right into the SNPE mini before Jay trader jumps in We've got some interesting stuff to go through from yesterday and this morning and I'll explain why in just a second general disclosure all bookmap limited materials information and presentations are for Educational purposes only it 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 trading performance risk disclosure trading futures equities and digital currencies involves a substantial risk of loss It is not suitable for all investors an investor could potentially lose 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, let's jump right in here SNP What a roller coaster looks like one? We see this trickle down here in the morning 7 a.m Tons of liquidity down here in some of these levels and they're staying in the book and they're getting filled okay here at Let's see here around 4190 also 87 or so and then a bunch in here getting filled around 180 4180 and then we see a move to the upside above all of these swings from the overnight Okay, now this action here And this move to the upside Is understandable Let's jump back and how we left off yesterday in the bigger picture and this is really important to go over I'll explain why here Understanding a first thing we want to understand and in terms of order flow, you know, we can zoom in and go over the binary You know at the very very low time frame to what makes the market move and understand these things in here Which is really important. Okay, however, this can all be extrapolated to much higher time frames like why this is moving up in here There's liquidity here buyers here are lifting the offer. There's there's Limit buy orders underneath at a higher level. Here's a reaction to this liquidity Here's the bump up and they're pulling liquidity here these types of simple things repeat again and again and again And this can be extrapolated to higher time frame structure So we have on our candlestick charts here on the left hand side We have our daily chart in the middle We have our hourly chart and then the 15 minute chart over here on the left. All right, so This is what I want to go through Because we were looking at these levels very specifically yesterday on the higher time frame and we were looking for the move lower and We even we drew these two lines up here Way earlier like when we were up here in these levels and and as we're starting to come down where might it come This is where we're looking for a bounce. Okay now it might trade through this But this is where we saw buyers before and we're looking for buyers again All right, so and how many and how much and if there's more sellers over here That's where the order flow in the context is going to be very helpful So if you're swing trading and looking on the higher time frames This can still be really really helpful looking at the order flow understanding the demand in the supply in the order book. All right, so We would assume there would be a bounce and and look where it came to yesterday And look at the low look at these previous lows All right, this is why okay now the hourly chart yesterday Good lord, where was it exactly I think we were caught up in here and we're looking for the move lower and It it unfolded Exactly down into our levels that we're looking for And then yeah, you know, we're down into these levels at that point Okay, and there's kind of 41 30 area somewhere around there and then see yesterday. This is 1 p.m. That's not yesterday. This was yesterday Okay, here's 11 a.m. Okay, and we saw this little bounce here on the hourly and then we're looking for them We saw the move lower again not enough buyers looking for them to trade down below the lows here And then we traded back down into the higher time frame over here and we're getting the bounce all right, so understanding these levels in here understanding and Marking them up is really really important. In fact, we can look at our In fact, I actually I'll show you a tweet and I don't know what happened to that tweet I guess it got deleted somehow But I've got the images and I'll go over in just a second this is I'm gonna spend some time on this Before J trader comes in because it's really important Okay, understanding these candlesticks here because this candlesticks here the meaning and the the true meaning of what's going on in here is Diluted completely almost completely diluted Here because we're just seeing up up candles down candles, you know starting to read. Oh, this means that etc This doesn't matter what matters is the order flow behind it This is what makes up all of this here and then all of these kind of candlestick patterns and a divert Diversions can be thing But a doji and then like a golfing pattern, whatever it might be shadowed here bullish this or that Doesn't matter what matters is what's inside of this area here Okay, is what gives the insight? Okay, and we're looking for that understanding in book map and extrapolate that to All time frames. All right, so we drew this line in here yesterday, and I think I can go down to maybe A daily here. Let's see Yeah, we drew this line in here yesterday and We talked about this line here and why it was important Okay, and the reason being Was we saw this level over here in these in this little area in here? All right, we saw that Let me just let me see if I can get the amount of bars in here Hold on a minute. I think I can number of bars God, all right, you guys are gonna have to bear with me on this It's kind of a little bit limited here. Anyway, we talked about this level in here. Maybe you can still see it Would be helpful No All right cannot How about this and look back one week? That's better. All right. I think I got it No, okay. All right. Sorry about this guys Anyway, we talked about why this level was important in here and you can't really see it too much in the candlestick chart It's in there But we saw wicks above it and then the breakthrough pullback bounce off of the line here and we drew this line in Yesterday and We knew that this was an important area So yesterday we traded through it and look at the pullback The pullback came right to our line that was right here. It's an important area. Okay. We said this was around 4227 Came right to it and we just came right back to it again right now or let's see looks like Yeah earlier 15 minutes or 20 or 30 minutes ago or so, right? So we came right back to it again All right right in there. So it's an important area now here. I've actually I've got it here All right, so this was the area in here that I'm talking about The wicks the break above it the pullback now it's bouncing off of it Okay, so what was resistance and we see sellers in here now a support and we see the follow-through to the upside here's the break down below it and the pullback to it again here and Understanding this line in here is critical for the market structure. So this is where we saw the order flow shift right and we were looking for Yesterday the move lower which did unfold And then there's another line in here that I wanted to mention that's important And you can see it right in here this dashed line right so that the breakdown below it and then it kind of bounces up and down in this area in here trades In a consolidation area here and then the sellers drop it and They drop to new lows here Right, and then we get a pullback to it several times here very tricky in the afternoon here so You guys were on with Tom B and probably saw a lot of back-and-forth in this period here And then later in the day though look at the follow through and look how the sellers Or buyers kind of take it just pop up above that level And then right down below it and then you're gonna see the selling come in likely here And this is where we look for that selling that will move the market away okay from an area and With size and you'll see it on book map You'll you'll see the sellers pick it up before they before they broke this area and then you look for it We're looking for the follow-through to the downside here same ideas that can be extrapolated to today Okay, so here's our move up now. It's almost an equal move back down And now where would you guys think that there's kind of an important pivot in here? So just just based on what we just went through there's if there's many lines in here to take a look at to be honest Not as clear as the examples that we had from the last few days or so So what? Yeah Well, this is kind of what we're looking at here. There's a few different lines and breakouts. You can see it in the structure All right, so let's see Just a minute. Okay Yeah, so here Okay, so well, it's actually a little bit a little bit higher here is even a little bit better And it's the breakout of this range up here top of it and Look at the bind and and look out. They're moving it away. Okay pretty clear that they're moving it away Okay, we're looking for and targeting higher liquidity in the order book and look where we went to this is our 42 27 that we just talked about And that was this pullback here right here Okay, right right here today Okay from this line that we drew all right, so Understanding these important levels in here up here. Okay, and it rejects completely rejects and Then we see that look at how the sellers pound it below this area in here And then now Continuation to the downside. We're already there. We're already at new lows here at 41 70 or so And let's see if the they're gonna continue here. All right, so then we're looking for 41 60 Okay, 41 50 this liquidity down here now This is where we have to be kind of careful because it's already moved pretty pretty strongly Hey, we stay with the move though until we see something different Stick with the bigger trend until we see something different. All right and and start to understand the behavior the order flow Okay, what sticks out to you guys down here in the behavior of the order flow already What do you what do you guys think? Good morning Bruce. Good morning everybody. Good morning Joseph. How are you? Okay, let's set the selling no Look at the absorption down in here. Yeah, so this is this is and look at the look at the the offer over here Okay, so anyway, we'll watch this dynamic over time guys Just wanted to to go over this and and note how they're absorbing on the way down there They're staying in the order book and they're getting filled. All right So and starting to understand this dynamic and where they're gonna get upended if we get buyers back up above 41 75 likely back up to 41 85 etc. Anyway guys, let's turn it over Joseph. That's what we're here for we want to look at some stocks and Let's see what Joseph has cooking for us here. So let's see Joseph if I can See your screen if you're projecting Yes, good morning guys. Can you see traders my screen? Yes Okay So first of all welcome everybody. Thank you for the weekend. I received like some good comments and glad that a lot of you are finding I would say Help It's a good like feedback the one that me and Bruce and dog and others gave over here So just a quick note Joseph some really nice content recently In discord. So thank you for that You're welcome very very clear and concise. I love it. I love I love the way you mark stuff up Thank you very much Bruce. Thank you very much. The goal over here Twitter is to always Share how to use book map and then everybody has his own way to use it My point is to show a way that I like to use it. Okay So everything that I share during the day is not, you know, I'm Showing a trade you must take the trade. No, I always say that you never have to follow alerts from no one instead You have to learn how to trade Okay Having said this market in the last two three days Since Friday, I would say Was really in turbulence yesterday. We had a Tesla Tesla fail. I took a good short and This morning I was expecting Follow-through on Tesla, but I always have a We say a double Plan because I never want to be biased When I found myself to be biased, I think is the worst thing because then you like stick with your With your thought and you have like, you know, we say You're like simply blind. You don't see along not even if all the market is going up or vice versa the short But what I did is to wait I Took the morning pre-market short Over here very very small, you know, pay pay a pizza or Or you're not even a sushi over here. And I was just like Getting my feet wet The reason why is I was looking the bigger picture. I Was looking at this All right And I had also booked map over here. You can see pre-market from six o'clock am east, you know I'm in Europe. So I can simply join early For example book map and the day line I teach in the chart patterns work is certainly good on the on the DAX Okay, so that is another very good possibility that you can you can do you can do so yesterday where that's run line break and This was not the first one We had one the few days ago or one still like in the previous week So we have a continuation of the trend and now you see only a downtrend, right? So this is the short time frame when I'm looking to make a plan. I Start from very far Supposedly you should already have I would say Took a watch over here to the weekly and the daily and you can see that the formation over here is a wedge Why because we have lower highs and Higher lows so every time we have a wedge We have the contraction of the volume and then on breakouts or breakdown Ideally outside of the pattern. You're gonna see the majority of the volume So this is a weekly chart that I switched to a daily chart and you don't need any kind of indicators Just look at the levels and you can see how many levels I have Because if you remember Couple of months ago. We made a day where we are analyzing the daily levels. Okay in daily levels Are basically essential on the chart because those days those levels will be again in play In during next weeks or next months, okay? for example You see this dip that we had over here, right at 760 the 760 dip Came back in place over here where we are like bouncing and Then bouncing over here So also, this was up trend line And I am again you can see the up trend line from here dip here and yesterday when I was shorting My target was 880 this I Wrote it everywhere. I was looking for that day 80 so I didn't Trade this thinking. Oh, we'll go go down 100 120 points. No, I didn't have this idea My idea was to trade a set then eventually it faded and you know, you have to be good like trailing but after this I go to the For our chart and I start looking at one thing So if I see any kind of level that for me, it's important. It's near the actual price No, like this morning. We were on this Up trend line. Hope you can see traders clearly This was the dip. This was a dip. This was on the 15th of March and I just like drag my line a couple days ago And I got this level yesterday at a 62 a 63. Okay, so yesterday the 26 What I do I take over here A Book map and I scroll down This even in pre-market, okay, and I start looking. Okay. Now where I have the main support We have the main resistance Okay, so I try to match the two things. Do I have where okay? Where for example have the trend line? So a 62 we are looking for right and over here even this one a 82 So do I have any kind of main support? So we had this and we had this so we had one at a 60 one at 880 Alright, so those two levels can be a good important level for a possible balance or even reversal Okay, so this is the first point in my plan so looking at the bigger picture and then moving down to the I would say Medium-term picture and then to the short-term picture which could be a five minutes three minutes a one minute, whatever and over here looking at In the five minutes we can see The trend line, okay, we are talking about on a five minutes and This early morning with a breakdown and that was the reason why I started to show Then it was even We say Careful to add Because I know that we still have those support over here over here Okay, and I know that in pre-market not always I can see the main support below The next thing I'm adding over here. So today We're gonna do a different lesson And we're gonna implement over here the dots Some people ask me which size I use and I'm sorry traders. I received like Few messages last night. I'm sorry if I couldn't still answer But I promise end of the day will answer everybody. Okay, just added like a busy morning over here. I Have over here. You can see minimal display volume for tells that don't really put 5000 because you won't have like that much We can put over here simply Let's see say 100 and That will be fine. Now the thing that you can add over here if you go like in configure add-ons. I have the sweep indicator and Then I put over here automatic. Okay So it really works good if we have a lot of washes or Things like this, let's see if I can filter it So sometimes you will see too many. So what to do? Double-click, you know disable and re-enable it and then it will work fine now I'll look over here this morning 920 That resistance over here. Okay, and then with the reversal first of all this reversal didn't come like that I was looking at yes, and You can see yes over here on my right This is yes, right and We form a double top and even on the second top over here, which is also lower high. We had a big main stuff So that was the first I would say Idea that this was going to fade this has happened 10 o'clock It's 10 o'clock is over here when we are below the V web and when we're shifting over here below the open level Now getting back to Tesla Okay, so remember this is a five-minute chart point the 920 over here This was the highest peaking volume on the chart and then a start fading with lower highs you can see over here after this main Sell-off from 9 to 20 till 9 0 5 V web We have a small consolidation over here then again distribution Distribution more over here get to that support 880 Remember 880 yesterday was the main support Main support yesterday just over here Now I'm still not short on this one. I didn't take the top over here at 9 20 I was looking for a reversal, but I didn't take Because I was still not sure to trade against this main previous Support right because if you're trading sure from the top so a counter 10 trade you have this is support This is support. This is support. This is another support So I decided to wait and I'm still actually waiting that I will have like a fail below this level over here 880 And then I'm looking too short So I'm looking for this level over here at 80 and then I'm looking for the short of it there a What to do I suggested to put your trend lines so you can see the trend line passing just for this tip That could be a very good level below 880 where I'm shorting pops Okay So kamikaze is asking if you look at the best bid and the best ask on Tesla from like 1020 East onwards It's super wide. Can you explain why please? All right, so The first thing is if you have a small account I would suggest of course after a time of studying and practice in first demo or paper whatever to trade options, okay, I mean I've seen a lot of traders and I meant a lot of traders and we started with a small account with the option because otherwise It's very hard to trade big caps, especially Tesla This is the first thing and spread will be something that you always find Now few clues that I believe not too many know about is that when the stock Okay, get extended Right like in this case get extended like over here around 940 time 950 time. Okay, the more you get extended The more you start seeing spread, you know wider The more chances that there will be a reversal if nearby we have Good amount of resistance and there's in there for sellers. Okay, so remember this Often you will see That and I'm gonna explain it this way Price is going up growing up is going up is going up like may believe that this is that this is between the bid and the ask and It's accelerating. Okay, it's accelerating accelerating accelerating and the more you go up The more it gets far. Okay, so widen the spread That's often Or in a lower high or in a stuff or in a trend line break and rejection or in a big heat map Or you see for example heat map jumping in over here making a stair that Stair step down pattern. That is a very good clue for an imminent possible reversal Okay, but of course is not you see the spread why always gonna reverse No, not by itself, but with more tools to get so I was looking at tape over here This morning and over here. We had wider spread And over here What we had also a big main resistance and Then we also had this Frontline break and then lower high. Okay. The other thing is when we have a big washout when we have a big like Breakdown and you see a lot of panic selling like over here then also you have the Spread getting wider. Okay, because they're simply putting market orders and They're simply dumping and a lot of traders cannot really get filled as they want you know, how many times traders use for example, you know discount brokers and And the stock is falling and you're still there that you're trying to get out or maybe you're short And you want to simply cover everything and it seemed like spiking he said wow I was not get I didn't get feel maybe my stop-loss limit got filled I had a widespread and a white slippage with the market order stop-loss. This happens. This happened to everybody Okay, so be careful about those moments. That's the first thing I really want to see if we can break this support So you see I'm using the chart pattern over here, right? This is the main trend line and We can do see if I put 15 days So we have the main trend line over here and now I'm waiting for this 880 this morning I shorted I FIB and The conviction was high because the The tape was I would say helping me out We don't have any kind of We had daily resistance, okay, but we didn't have any kind of big daily near resistance So the main reasons that I see over here are these days So let's take a look at this weekly chart. The first thing I start is always with the weekly If you don't have the weekly you can look at a daily. So we had the resistance 364. I read the news about this and the news was We're here a FIB we had a Let's say over here announces agreement to fund strategic grown growth priorities Okay, so it's a strategic agreement. They generally tend to fail also, I went to see over here the Shear flow it was 22 million The volume trader remark it was not in flow rotation. I can go back and double check Over here, I don't have it. I don't need to put over here one minute So pre-market volume was not flow rotated. We had traded two-thirds of the float So generally in the first then five ten minutes you have a flow rotation But I'm not really worried when we have only a flow rotation between 935 and 945 I'm more worried when I have a flow rotation multiple times in pre-market. That really can be dangerous so about my levels I was looking at At the eight I was looking at this 365 because while this was pushing in pre-market I need to look what are the levels that really interested me Okay, and over here. I was looking also for This level over here. So we had the slow of the week with the highest volume and this high After I moved to the daily and you can see that, you know We don't have like 50 100 200 million volume over here in the chart. It's only this it's only this So I'm looking even more carefully if I see any kind of other resistance over here 296 You can see that we have like some gap That for me is an important level even if it's small and then over here I Was looking really the last Two months so I was Zooming in and I was looking at this load that we had Exactly here 139 But when I went to trade this I saw This main push. Let me Show you this I go over here Automatic mode all right, so we had a morning push very early around 630 Okay traders and We were pushing up and then the amount of sellers I saw up here at 140 So once I saw these big amounts of sellers My short was not on the front side of the move. Okay, because a lot of traders They simply start shorting while something is going up, which is very wrong Mean I was measuring over here the trend line So I had taken over here at least one two three dips and I was looking at this point, okay So in this zone between 145 and 130 That we didn't have only buyers, but also we had a lot of sellers And over here the price came to a top at 142 Okay, so this top over here So when it popped basically up here and you can see the amount of sellers joining I Shorted over here one for it exactly my risk was 145 So I was risking a couple of cents trying to like break And I remember to say this If we're gonna break the 130 Then this is gonna fail fail to my main target over here 110 and you can see from that moment that we didn't have any kind of Main support Some support came over here only at 110 112 at the gate but very very slow very very weak support at open we had Stuff over here, so open stuff came down V-wap rejection I added more just when it came down below the V-wap and then you can see over here bounce it into that Heatmap liquidity we had over here use order around 2017 somebody got absorbed. I sold more exactly over here into the 13 when it was fading from there and I'm still holding full-size Holding full-size because my target is done here in this gray zone into the 090 So I'm holding my full position because I have conviction because if I see This chart over here. We also have to put pre-market. So let's do it like this. Okay And we like this we see a first main resistance Then more resistant over here then they're building more resistant over here Then over here then over here over here So until I see these resistances like moving down moving down without I think it's a very good Short to hold also traders focus on this We traded Okay at 111 1,900 1,0001 is a 90,000. Okay And We can see now how many shorts are in Also, look at all these big bubbles over here that we have After open mean they're selling tremendously Okay So this is a very good component nobody that's the amount of a seller that we had it that price over here and Sellers and and buyers but you can see that the majority were sellers So I really like another thing that I like to be here is this is This is this it's like, you know, you're it's coming down So you have a heat map and then you have another heat map over here and then you have another heat map This is perfect right now I can tell you something I cannot trade on small caps I Trade 50 percent small caps and 50 percent big caps. Okay, but now we're talking about small caps I cannot raise small caps without book map especially with all the We say with all the manipulation that there is in this market Okay Let's look at the other stock that I'm in so these days we had if you remember one of those Let me clean this over here. Perfect one of those stocks that was simply crazy and it's called and UTX and I'm gonna explain the process over here So let me Put this Anybody traded this by the way these days, right and traded and UTX Okay, we have to make a step back All right, I'm gonna try to keep the chart now as simple as possible So I'm gonna use this All right, look at the start Okay, right Whenever you want you can even share the trade buddy So this is the first day on an UTX. Okay yesterday it squeezed a lot of traders it came up before we have to make a Brief summary over here of what is N and T and in TX. So look at the stats two seconds and TNX So what I'm looking over here And UTX part don't traders and UTX So what I'm looking over here The first thing is what is the market cap because there's a really big distinguish Between how to trade small caps and how to trade big caps Now I don't have over here any kind of Stats and it can happen, you know recent IPO or whatever so sometimes I go over here to dilution tracker and I Start looking over here and UTX gives me market cap five billion Institutional ownership 0.8% and then I started reading over here. You see they have like a one note Of from yesterday recent merger 48 million pre-merger 590 2 million is soon in merger inside owner around 20 of the pre-merger and a 33.5 held in DC according to OC 425 And we have over here a service company with approximately 1500 employees nationwide is in parting with over 800 physicians Blah blah blah blah blah. Okay, you can read over here You can go in thin visa if you want to see other stats But I mean I see it over there and that's fine over here. We have a 47 million float and Market cap five billion. So it's not a small cap, right? now financially I'm looking over here, and I don't see much So when I don't see over here too much information history of the stock gap stats. I Am very very careful And then I start relying on the chart itself, okay? So this is a five-minute chart, but let's go back and check the weekly you won't see too much Exactly so we saw only this big day over here. Let's put the daily You'll see again too much over here so what I did I took a Thib from the side to the low and I calculate my fib levels where I'm interested interested in You can see over here better on the five minutes are what I did And now we'll go over and check with book map What were the key levels that I was watching? so If anybody wants to help me or like, you know just like join tell me So we had over here traders and the first high I Plot it at 13.83. So it's the high of yesterday Which is the 100% it really is different for example tossed by Trading view how to plot it with trading view is the opposite. So you'll need to put for example that went on to the low Then over here I put this 88 I put the 78 they put a 61.8 the 50 the 38.2 the 23.6 and As you so this is a little bit of information on what are the best levels to look for reversal on on retracement So yesterday we came all the way down all the weekend down over here And we close into the Syria This morning we had a gap up And I always say get pop is a big beast because one or you have a bear trap and then right away you long it on a reclaim otherwise, you always look for an extension in a blow-up of the The volume of the exhaustion and what I'm telling this I wrote in pre-market Okay, so it's not that I'm giving you tell things, you know 2020 No, I wrote in pre-market all the process that I already had in mind because there's a set of that I saw like multiple times and We started like Going up over here. You can see 930 it push came down and then we have If you can see Look over here. This is what really triggers The reason to go along. So first of all, we found a dip almost that up trembling and then we found the higher low This higher low if you see this pattern, what is this pattern? This is an ascending triangle with a breakout Okay, and then a 950 which is this level over here traders Look what happens this over here We had this big absorption So they try to sell over here They try to sell even a decent amount. Remember. This is a almost $9 stock. So 56 K Right 56 K on this and I often see that the bears the best bear traps are when they're start like trapping use amount of sellers mostly Below the V-wap, which is this red line red line And then they start pushing it Especially because we have a day two. So below over here where he has to be closed. We have a huge amount of support So we have support absorption fake breakdown and bear trap over here the V-wap and then look before we are looking remember at FAA 5b a FIB sorry and then we are looking also at Tesla and we could see When sellers don't join, you know, but look over here. I see no purple. I see no magenta What it means means that this is full of big buyers, okay full of big buyers Exactly buddy. Good good good trade there and It pushed all the way up all the way up all the way up and now Everybody know Once the stock goes up first of all, you don't know where to sell and where to reverse if you want to go also short Right, or even just where to sell So what I do We had over here the push 9 10 9 15 V-wap break and then push I'm looking to for the next Heatmap and also I'm looking for the previous days resistance. Okay, and what I can see over here We had the price For example before stalling to this level because a dip over here was held Rejection over here and then over here. We have some rejection. I would say over here into the Syria So look the first level that I traced Was the first pop and then once we push and broke it came where to the 61% fib and Then over here to the 1050, which is the previous resistance, correct Make sense traders. Let's see if somebody has a question on this. I think we're good Okay, so the point is to take that exactly that level there Because once you do this Okay, you have many things That confirm your thesis. Thank you Bruce. So we have traders one as I said the daily levels to a Big move with we say big selling big buying pressure That sooner or later when the stock move like one buck and a half two bucks over here This move like, you know something like 15% in about of five minutes. It has to pull back So at this stop is not oh, I'm shorting all size. It will go down now 50 points. Whatever No, I'm starting to take a trade because I start seeing over here That is basically topping that in 50 and when it started to come down. I started seeing a main seller Okay Main seller relative main seller, of course, this was big bigger and 970 but we broke him and we got to that level We came we came back to 1023. So this level over here. I started to take short I saw him over here. I said, okay now it's better. Now we have sellers So we pass from a momentum over here of almost purely buyers and That's the reason why because it's squeezed right not all of these are real buyers a lot of these are covers So, you know that if you're short of it down here and then you start stop You start to stop over here stop over here. You'll put the price higher So when longs are exhausted look over here and when of course you have like all shorts out of the play What happens I'm gonna fail and I fade easily over here simply fade easily like boom instantly Right. It was like as 60 70 cents Then it consolidate like it's normal to do just on the point of control You see my interday point of control and then when I saw this I said, okay now I feel calm Okay, because at night at 10 0 5 So when I saw this I said, okay now I can really relax a little bit now I know that the worst case scenario. I'm gonna use the stop at that time And I start seeing over here only blue. I start seeing over here only buyers. No So the second thing when you start short on the top Is to look how much? Here's the ratio between buyers and sellers So over here just like you know visually you can see the three fourths of the dots are only sellers And that gives me conviction to hold the trade So it's very simple The the strategy that I use is combining Levels on the daily in this case. We are levels on the daily plus a fib right Fibonacci retracement Remember not extension. These are retracement And then I start looking for levels on book map of selling And then also the we say The shift between them demand to supply so more sellers And this is exactly what we need to do every single time. Okay. This is exactly what we need to do every single time Now I want to Look over here because I'm holding this trade and I want to show you how a stuff behaves So a lot of traders ask me Even uh yesterday and the trader uh from from over here from book map He messes me and asked me j. You always talk about stuffs But what is a stuff? Okay, so You can go watch the videos on discord and on discord on book map youtube Me and bruce. Uh, we spoke also about stuffs. I don't know if it's in the title, but you can you can watch you can take a look and uh stuff is a Breakout so imagine that everything is going for a breakout and you have a lot of Hope a lot of FOMO that that breakout will work But instead you have to think at the counter We say third party Because they're thinking that if the breakout comes bring so much demand, right? So imagine this breakout over here. We know that if we break over here How we break we break with a good amount of volume you can see we hear the volume was even big and Part of these were buyers. So once they they break this level They form like a support because they are still buying here. They're still buying here So if you have a huge amount of shares to dump We'll dump it down here Or being that you're a smart eagle You'll wait that they create this breakout and just on the breakout traders. You will sell all your position It's good, right? for example What some traders do and want to get involved in this but what traders do Uh, they have maybe chat rooms. They pump Where are they along over here? They call the breakout and then they use their Uh fellows followers to dump on them, which is totally unethical That's the reason why I never pumped it up But I look for instead these patterns over here to look for a possible short Or let's say I'm long with the zealots from you know the early morning I look to sell in these patterns over here So this is a big Breakout you can see 9.50. We have the half dollar number. We have the previous resistance, which is this over here So they finally do that And then you can see over here. They buy they buy they buy they stall boom boom dump So stuff are immediate rejection of high Let's say consider it breakout levels Got it Is it clear for everybody? Yeah, nice nicely explained joseph Thank you Okay, so right now My plan just looking at this chart, right? My plan is to take some profit on this support the support I traced this early morning in pre-market. What was doing my plan? I like to make these uh To trace these levels like over here this I could think depends if I Put it from here or there But if I put it like over here seems like a channel, right and a channel like this Where we push down We bounce we bounce we push and stuff Seem a possible scenario like this Okay Therefore I'm holding my position, but of course I want to trim something over here Around the 838 40 we have some Micro support 850. They don't see huge amount of buyers So I would love That we break that and we wash so on the wash, of course I'm ready with the hot keys or hot buttons whatever you use to cover possible your position So we had over here. Yes. They remember a gap up Okay They close in a gap up. So this morning was a gap up as well And today we still have a gap up that I want Now that goes as a gap down So start looking at sellers. So remember over here channel And then boom This seems like coming down slow But I can tell that was following all yesterday and all today When it moves though it moves so fast. So maybe seems like it's doing nothing boom 50 70 cents like in in a minute what means 70 cents 1000 shares $8,000 invested you make 700 bucks That's the 70 cents. Okay, so It's a pretty good move. That's the point So I'm seeing over here weakness and I see really over here a lot of support This is also what I call a three-way pattern. So that ideally would be my target Uh, we have I believe also this support over here That's 725, right? It's a previous low Uh, but the main support I will love is 660 670. I will post over here in the discord rule So we're gonna put then you in tx we have Looking for breakdown of channel tp seven okay, let's uh Check this in about couple of minutes I want to look at AFIB which I'm still short remember It's moving down good, but it's still not at the target I want It's weak over here AFIB well this I love it Because we have one two three, so stair step down pattern ssd pattern All right Is one of the pattern that I I discovered or I created whatever for for book map and that I use on all these faders So we have this level over here Then we have this level over here this level over here Stare step down pattern remember it We're gonna hold for there. This is a target tp Sorry if I draw Maybe I can do better like this We're gonna do tp actually Over here tp That's our target traders So this doesn't mean oh, you're here with me, uh, we jay. Let's short it together. No, I'm short at 140 I added I didn't have it like good as I wanted I add over here 114 and I add a little bit more over here into the 110 over here 110 before the breakdown So I'm not really super satisfied because I wanted to add 130 I didn't get filled But I'm holding this so let's see if we can at least Get this trade anybody on this trade traders from the early morning Posting also over here. Let's go back tesla And UTX there we are And UTX remember we're looking for the breakdown Coming near the 850 remember 850 right now Is the support? Okay the off a trend line I don't see any big support on heat map. So I don't see any kind of big buyers But also I want to tell you that a lot of traders Um, they cover too soon They look at the pnail traders working Oh, let me decide to take on some off and then again take some off take some off take some off I had a trader yesterday That I was following And he took tesla with me I took it till 910 907 the last cover he took it till the 950 because by the time I reached 950 told me I have no more nothing to cover like with the less one share so Have rules Don't look at the pnail. Don't look at unrealized. Just look at average. Okay of price that you entered In look also, where's the stop loss level? Where are your targets? Think how you're gonna trail when you're in a trade you have to question yourself if the trade is still valid If there was anything that is reversing And then of course you have to look at the size you took So, you know how much time you can scale out or for example recycle and read out to your position Pretty weak over here Joseph I love the way you're looking at At structure like this and then order flow within the structure at specific levels Yeah, that gives us a lot of conviction And I've been doing this bruce also with with the crypto especially with with bitcoin every day on that Especially you know in the morning. I have a couple of free hours So I work over here And it simply works very very good It's more like, you know the connection of putting things together that I like, you know Because for me only looking the chart like this. I can tell you okay over here. I have a support But what will happen then bruce of the support? Are we gonna bounce? Are we gonna fail? How can I see sellers? Uh tape doesn't show me everything that I see over here on book map So I try to use that those structure over here of Let's say a chart patterns together with the structure over here and there are momentum and order of flow that I see on On book map in this case I also like to see over here That's the uh the word that uh, I think Where we we use all the time is context and uh for a lot of traders they probably find it very uh annoying or uh because You know we always rely on context, but it really is true It's about The context of are we gonna bounce? Well, let's look at a higher time frame. Let's look at the order flow Let's what is it telling us here? What are other traders telling us? Uh at these levels? Uh, and then we're looking for follow-through or uh failure Exactly like this morning over here is a total different scenario Versus what we have right now because on our chart Okay, we can see We are making at 940 a higher low But a point for me is that We started to make over here higher lows And then somebody soaked so big over here So that is my Yes, this is the timing Because this is like a fake breakdown Now it tells me all right. We have no more sellers in control We have the possibility of a fast reversal Somebody over here. So maybe it's exhausted. So even if I take my trade my stop is tight I can risk just below this level over here But then if I take the trade Squeeze So it's our return. I'm risking over here 20 cents up here moves of one buck. So it's like a 5R And that is the the context that I want to have every time I trade it will never trade for one to one So I'm always looking for those three four five even more are return And if I look right now traders Just looking visually Okay at the other flow I don't see any kind of big support We are at the previous low We'll see if buyers come in or new levels of heat map come in For now, I would say that this is pretty weak We are on that support They already had stuff over here I use a lot of traders and then also over here So I would believe that longs in these two scenarios over here. They are trapped So opportunity is that if we break 850 which is this level of support We can have an unwind all the way down over here Ideally to this eight dollar level. Let's go back to tesla All right, Carlos is also asking about netflix if you have a chance now, let's see Where's the question bruce that I see it netflix maybe in town Yeah, no, it's it. I'm sorry. It was in Net in youtube there, but we're broadcasting in youtube as well. Okay. Okay. Yeah, so plan this morning that I had on netflix What's to look for a short? Or if we would bounce reverse for a long so now Let me put my my chart And yesterday tesla netflix apple baba They were really on fire traders They were really on fire So I hope you got some really really needed Because days like yesterday you have to make your your paycheck So again the first thing just to second we'll look at the Daily actually I want to check the weekly because the support that I took are from previous years I think I went back over here like 10 years All right. Yes, I went back down here So we can put the actual levels together And I'm going to focus on This level over here because we have a supply and then becomes demand This level over here And then probably this level over here, of course this level over here, and I think that Yeah, I think that we're there All right, so now the next levels are those I'm going to put my chart And this one actually I'm going to put this five Set it to the one minute. All right. So look what happened this morning. Now. This was the previous day low This morning we open 930 and we push I had a position short netflix, but baby size From here 195 and something And I cover I believe over here to this 194 just like a a baby trade Then when it opened I Short over here It pushed against and I caught it like for 50 60 cents I gave back what I made before in tassel in the morning and netflix Then I reshorter over here because you can see that it was going up and down And I was looking at this look I was looking this part section. It came to the 196 I like this. I like this level because in pre-market I was looking you see for this 195 50 196 So Let me change the color So it basically There's was rejecting over here, right? I started too short came down back up breaking scratch again So it didn't go as I wanted. I said, okay, let's wait. Let's wait. I I'm not in a rush to trade us And then up here remember 945 950 we see yes already falling Over here. We see the first break on 935 of the first heat map Pushed the second one and rejected So once it rejected over here. I was on Netflix this morning I was looking for A second test To I would say a second retest over here of the zone I basically wanted to see if it was still with a huge amount of selling pressure or not And it was basically not a look at those dots remember before we made We distinguish between buyers and sellers and over here who is in control Buyers definitely Okay, the majority of these are buying are buys are buyer stories or sellers buyers buyers again buyers again At a certain point what I'd like to be here is that we start soaking big just this top 200 And I had a few technical levels over here One that I can tell you is I would just simply using the whole round dollar number Big so and then I started to see sellers Okay, first time we started seeing good sellers And once we formed the lower high I started to see the first heat map that finally moved down Now the point is Find an entry They didn't turn this one. I I didn't trade I was on on other And I simply started to unwind and look right now We have a Another morning support And we have a big support over here also something like 15,000 So I'm waiting for a push into the 191 and 50 192 To look for a possible short We are below the previous level Which is this period low 193 We are below the pre-market low. So this for me could be a good entry like I had yesterday over here and over here So if I see that entry if I spot that level over here of Trend break and A short and again together over here. I will see sellers and look how many sellers we have Then I believe this could be a good entry for for us Worth at least for me You know yesterday simply failed from the 209 to 08 until 192 193 This morning popped so popped decently over here What I said before We had a 200 also have like other factors over here One of them is a three-way pattern And then over here we faded really with a good amount of volume We're still looking at the tape and When we were in This green share And I could see it's pop was so big each pop was so big So on this over here push 1023 You can see that the price Simply came up topped Again below the POC the point of control Which is this level over here And then boom down again And then we had a 1030 Same exact thing So Look what happened 1030. It came up again almost the same trend line. You see it Came up 1030 Breakdown over here boom came down again So each time this morning this is was another one At 10 Sorry at almost 11 This one So came up again Trend break big selling pressure with their boom fail So It's it's not really hard to trade ease. You just need to look for the direction Fading Uh, I like over here the scenario Below previous day range. This is this is a beautiful stock to trade And we're going to probably have 150 in the next weeks. All right, so a F5b first target Joseph another thing. I just wanted to to mention that you Noted in the beginning of the of the webinar about bias And It's the same. I mean like uh I I just wanted to echo your thought like Every time I have a bias I'm inflexible Uh, and I'm only I'm I'm kind of stuck in my ways. Uh, and I can't see the other side of it Uh, and uh, there's a reason for this bruce Uh So, no, I mean, uh, I really then I I have to kind of step back because like it the the market tells you immediately like You know, uh, it humbles you very very quickly and you just go wow, okay Uh, and it sets you straight and Look again and just read the order flow The more objective you can be reading the order flow and what they think of the market Uh, the the the better I do Uh, no question about it, uh, and and the and the more I can see I like oh it should bounce here It should you know and it just it just kind of flows and it's much much easier Yeah There's a reason because whenever they our parents our grandparents You know, uh taught us it's not good for training They always tell you have to be invincible. You have to You know conquer everything You have to uh do it. You have to pursue you have like to be perseverant You have to never fail never fail It's so wrong in in training. It's so wrong in training because uh, like that We think that we have to be always right or you think like to you say to your children Oh, don't worry. You will become, you know, the best superstar in the world. No, it's not true It and for me, it's like Something wrong because if you trade with that idea that you'll be always right You're gonna simply fail so many times Okay, so the point is to be really realistic And to be I would say beyond bias Of course, you can make your plan, but a good trader makes a plan both ways Or if you make a plan only one way It doesn't happen. It doesn't trade Uh, so this mind, you know, I have to be super. I have to know everything Now then you will have so many losses and utx. I'm killing it right now Why because we stuck to our plan? Remember before when we said we have no over here buyers and there are the sellers Boom Okay, look what I just said traders to you a few minutes ago This is our setup And that's the setup right now Okay, and utx My target is seven now restate. I want to see over here the 720 and then ideally the seven So learn how to use bookmap like this Um Yeah, and I nice wash out over here nice wash out Yes, it gives Kenny it gives over here. I have it If you go down to Over here you can put nbbo So you have it beautiful trade joseph Thank you It was like on almost scripted there as soon as we say that and then take a look at your plan Yeah, I mean we were looking for this And uh, it's doing that so good good read we had a good read on that today traders um Now my point is this is a nice support Because before also We bounce from it So we have also some decent support For me, it's a first good place Where to take partial? Okay, I see a lot of traders. Oh, no, I want to hold I want to hold and sometimes you know what The trader the trade goes against you and then you say, oh, I wait to cut the way to cut Anyway, you won't make any money For me, that's that's a very good buy rules that I have to take a partial out That that's it. I took my first partial Bouncing a little bit from the support So good that we took some profit The point is they they cancelled over here this The support at 815. See if it curls down I mean below the trend line would be even nice to have this at 720 today Trying to have a small bounce I like the fact that we had a volume exhaustion over here So I relatively like because this is a volume exhaustion to downside And often when I see that then we can see a bounce. So Nobody I was I was short on a new tx We had a long in a pre mark. Sorry at the gate But Didn't take it on Yeah, but before we had a good long Go rewatch if you if Bruce after we'll give you the link Because with the long over here I explained along how to grab that long at 950. Okay It's uh, it's a long that I can tell you You will find in many day two or day three in this market, especially in the small cap land And not necessarily, you know two dollar stocks, which I don't like that much but 10 15 even 20 dollar stocks And the lower the float the better these can push Now, uh, nutx is not a small cap. Remember we said before even it's a low dollar stock It's a bit of a dark company, but it's still moved like a small cap over here Joseph, we also have a question. I mean this this is really the I mean, uh, I need to read the question out about apple But or to look at apple, but uh, the meat and potatoes here is really No pun intended there, but like the Uh, focus here is those that set up that you just had mentioned there Uh, and how and why You you pick that due to the order flow It gave you insight, uh, and you're looking for that squeeze Uh, and then then you're looking for the breakdown. Uh, and why? Uh, and understanding the context here So in and your x. Yeah Okay, so Uh, the majority of these bounces They tend to fill So there's first of all a research on the news And research on the company is the company healthy Is the company having the illusion? Do we have any kind of Big daily resistance? Um, have they uh, I would say a solid support Or when we see for example these pushes I start seeing so many sellers Like just look at this soak over here in 950 boom dropped Really drop over here in what five six minutes one point per share So all of this and and also the the experience that I have with these patterns Makes me understand that this could be a good fader We had another one this morning VIBK Which was basically the the same thing Uh, we had Morning push. I was looking this with bookma, but I didn't have bars So I couldn't actually trade it But I mean I called to the four wins Say like this in Italy To short this level over here And this was exactly A perfect breakout Fake boom all the way down But you know no bars look over here now the liquidity. I mean this is sick really sick Any more question traders? Just uh, maybe a quick look at apple if you could is a request there But like I said, I mean, uh, I think the core of what you're going over in in terms of education and and and trading Here is is what you're discovering right now okay, so Apple in my opinion Is following so much. Yes And also in video in the last weeks More than tesla more than everything else and yes, we can see that it's totally inside the previous day range Looking at the daily chart Hopefully toss will work Looking at the daily chart each time I got to this Gray band. Okay, we had a bounce like One time over here one time over here And then we had the one time over here back this in 2020 And then also one time over here 2019 and didn't even before so uptrend. Okay for now. It's not a reversal The support is 155 the next support is 150 Looking into the chart We have no setup for me today to trade it So i'm waiting for a breakdown 155 To short pops or i'm breaking a push above 159 to buy dips Uh today's super top is so not really my interest Uh going on apple. They are like, you know better better opportunities better opportunities Any more question traders uh Teon is asking about uh, is there any uh promos for your course? Oh, yes, you can see the price updated to jtrader.co and a check for module Okay yearly or quarterly you have the courses You can advance plus the chat room plus all the uh lessons inside industry. Thank you Yeah other questions. I just uh paste it all of this in in there as well. So um No, I think that that wraps it up. We have another one from no kung fu Do you add your position with color puts? No, I never did Because for me it's like more betting buddy. I know a lot of friends of mine are doing it uh I don't like it, you know like buy apple and buy puts over here on uh on apple or vice versa uh And I can tell you I make money only buying straight calls or straight puts So This is often done before in earnings, you know I don't like it And uh, I just stick with my strategy. I have the entry I take generally one third of the stock to third adoption and then I sell the stock to uh Get more adoption maybe monthly expiration if I'm still like, you know With the signal for that that trend Got it Yep. Yep. Sounds sounds good Okay All right traders. Let's see No more question, I believe Okay All right, so thank you guys. Thank you bruce for The day. I think we saw some very good patterns Again go rewatch it on youtube book map. I think it's some good content And again take care. See you again next week and have a good day. Thank you very much joseph Thank you. Okay. Bye. Bye