 Good morning traders and welcome to see what's happening in the market a live trading webinar today with with Joseph J. Trader. He will be presenting alive and We're taking live trades today. This is part of the bookmap education that you get So he'll come in in a little bit and in the meantime, we'll dive right into the SNPE mini Kind of follow up a little bit from yesterday's session Go into what today's session is like and then by then J. Trader will come in and we'll Dig into some live large cap and small cap stocks or whatever J. Trader is looking at and and take some trades. Alright, so you guys know who J. Trader is He does offer mentorship and education. I'll put this into the chat if you're interested You can reach out directly to him and ask questions and sign up here and Let's go through the Disclosures need to go through this and then we'll we'll dive right into the SNPE mini General disclosure all bookmap 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 trading performance risk disclosure trading futures equities and digital currencies involves a central risk of loss and is not suitable for all investors and 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. Alright, so let's jump in. Let's take a look at this SNP and you can see the move to the downside and kind of Approaching our 4000 level here and our 930 cash open basically a Little bit of sideways consolidation at the at the opening, but then a straight drop down More or less. I've done a couple of different legs down so Anyway, yeah, we look for this to trade down to 4,000 basically In the continuation of this trend now, it's not going to be as easy as that We're going to be looking for some pullbacks some stop runs, etc And before we get into that though, let's take a step back And look at the bigger picture Okay, we're gonna look at a candlestick chart And just kind of recap some of the action from yesterday because it was good stuff we saw this move to the upside yesterday and Well as the as the well, what was so interesting about this And I don't have a screenshot nor You know the data from yesterday in book map right now What was so fascinating about this move to the downside though It was that we here's our hourly chart here in the middle. This is the daily chart over on the on the left Was this the gap up the gap fill? Well, I think the real gap will be down here, but about we're looking we were Anticipating a bounce off of this kind of area in here Right around. I don't know if somewhere between 40 and and 35 it went lower It went down to about 30 and then on this move down though, what was so fascinating about it. It's over here was the Just the amount of icebergs and the amount of limit by orders getting filled on the way down and We noticed that and we're looking for the potential for a move back on up And this is where those icebergs can be really a one example where iceberg and understanding the iceberg activity like significant iceberg activity can Land an edge here start to give a lot of insight and understanding to larger players So we saw that and then we're looking for the move To the upside and that did play out pretty nicely and here we are again now look at us We're down below all of that price action now on this hourly chart Okay, so anyone that that bought up in here Well, they're they're trapped on the higher time frame at least And now we're back down into the middle here. All right, so Looking for price to explore down into some of these wicks down here on the hourly or maybe even some of these lows down here So we're looking for the break of this 4,000 so Yeah, that's 4,000 is about here So that's in these wicks in here We would anticipate some sort of bounce or some sort of activity around there down in some of these wicks All right. So anyway, that's the quick overview analysis from yesterday as well Let's jump in here and see what's going on in the current market with the S&P many and let me take a pause here and Take a look at any questions that anyone has here. So YouTube are all good and Looks like we're all good over on discord as well. Okay, great. All right, so Let's see here Yeah, well Let's let's take let's take a look at some of the market structure in here And then the order flow within the structure Understanding the market structure is really really key. I keep mentioning that but we want to understand the market structure because the order flow within the market structure is What gives us a lot of insight where we know there was previous activity in certain areas so we look for a reaction from other market participants in some of those areas and then that can be drilled down into very very low time frames And and that can be you know moved on up into those higher time frames as well All right, so we can even see point of control move down here It's just you know a lot of trades and activity right here, and we're below it So let's see do we do we see the sellers starting to come in a little bit a little bit All right, let's see if they can reach down to here 17 and a half if they can we can probably get down to 15 Here we go All right, so there there's our move and and how I'll cover how I would have gotten into this as well and Would have jumped right in here to be honest with a with a market sell and looking for this to take it further to the downside, okay, so Would I have taken profit here probably not And Would I still be in it right now? Yeah, yeah, I think I would so I'm waiting to see even though this pullback here Looking for this to continue on down to 15. I might consider taking a partial profit Okay, but I'm looking for that to follow through Let's see what it looks like when it gets down there If it gets that should get down there There we go Starting to starting to see some sellers. All right, there's 15 Yeah, I'd take partial I'd take partial down there. Look, I'm not looking for much out of this I'm small. This is a very small time frame so let me just kind of Cover a little more in detail about that You know, everyone trades differently and in different time frames different risk parameters different ways of trading etc This is just a small example, and it's not a trade recommendation It's not a trade recommendation These are just considerations in here to understand for educational purposes only How you may consider managing some of your trades in here or just looking at a different perspective So and that's it right so and In in this time frame here. I'm not looking to hold long Because I'm demoing the product here And I would be you know out at 15 partial and I'd be looking for it to fill still down here At this 12 level here. Okay, just came shy of it and we already got a pullback Okay, so probably got in somewhere around 18 and a half here something like that And I'd have my stop at break even right now Okay, so this is risk-free basically Uh, basically nothing's really quite risk-free Uh, but uh, then uh and looking for continuation here All right, and that's it. Okay pretty simple Uh, and then once it comes down here, I would consider getting all out But if I see a lot coming in here, uh, then I would look for the continuation Okay, a lot of morning. Good morning, Joseph. All right. So just uh went through a trade example here, Joseph So I think we're all set for you on a very small time frame guys. That's how I'd manage it And let's turn it over to Joseph and let him take it away here. So let me know when you're sharing your screen, Joseph Bruce, I also sent you a message yesterday. I don't know if you saw it. I think so. I think didn't I reply? No Okay, I'm sorry. I'll reply. Um, so I guess I didn't see it. Um No problem. Let me uh, let me get her So let's start screen uh screen sharing. Yeah, mm-hmm start sharing your screen as well over here Can you see my charts readers Bruce? Can you see it? Yeah? Yeah, I think we're good Okay So, uh, good morning everybody. First of all so market is on the Main trend line over here Looking at es Looking at tesla looking at uh apple looking at nvidia md So I was looking this morning at the main trend line. Uh, so we're gonna put over here a forward chart and I was looking at this uh break. All right. Okay now lines are appearing over here It's also a little bit slow So I had this trend line over here and I traced this pre market before the fail And then we started to look for This breakdown you can see over here a nice bear flag. This is around 8 30 and then we started to attack short So personally I started to attack short over here. This is a nice juicy 30 points on es Not everything was fading like he has this morning So for example, we had amd that just like dip and then start luck to bounce Md these days had a pretty high relative strength At uh started to dip it started like to If this will be slow, it'll be using Trans spider here It started to dip this morning. Md has started to push. Yeah, I believe that we're gonna stay with this And you can see the the morning wash over here Just at the gate and then starting to push reclaim And then we went over here to the 103 110 I was looking at nvidia basically had A nice morning wash and then uh bounce Apple was one of the main faders spy One of the main faders over here We had also netflix was pretty good fader I was looking at btc usd So remember you can choose different over here uh brokers And we can see some juicy unwind this morning, right? uh personally This is my setup To day trade short on this on right so you can do it only with futures And then I was looking at tesla. It's as you know, tesla is my main stock This morning I had the dip We're not just go to the hourly chart That's the main stock that I trade at least the main stock that I've been trading Uh for the last one year two years right now. Yeah, I would say two years uh I have a high win rate because I used to gather Price section uh chart patterns together with order of flow So over here this morning I woke up started like to do my um Analysis I'm looking at the main trend. So on the short term and this is bearish Everybody was asking are we going to break? Are we going to break? So my plan was over here if we break 740 we're gonna go to 720 700 and then looking for 680. This is my plan, right? So basically what I wrote this morning at the gate so we can look at the five minute chart and I'm gonna Use over here the the book map All right, you can see the gate traders that We had this push, right? So we had this push over here to 750 So I started to collect short just over here the 749 750 Because this was my level over here right the 751 And I started like to fade started to fade over here with this huge amount of I would say red prints, right or this magenta look over here this trend line break And these sellers. I mean sellers over here are in control We can make this a little bit bigger All right, so just look over here. Where are the longs? All right, where are the longs and when I started seeing like this bar over here Dumping all right below 745 744 I added a little bit over here 742 Which is this level over here because if you can see this this level we had a small Rounded curl Right and you can see over here that they exhausted At this point really exhausted like a microstuff they exhausted I saw sellers Breakdown over here more sellers Wash and that's the wash over here. So I covered a big partial And then over here. I was looking all right if we're gonna fail I'm gonna look for that 720 And I was particularly interested this morning being that yes was fading to take A big Unwine to take a big fader right didn't happen So what I had to do I had to reconsider my plan to revisit my plan and to start like changing bias So when I started like to bounce so I consider this like a a fake breakdown over here And I saw this v pattern right I start like where I covered I start like to buy a partial Not a huge size over here, but I started like to buy a partial in this area And then I started to push My I would say error is that I didn't hold until here I saw this rejection and I sold everything over here So I just took like a long partial of the move and I missed like I would say two turns of the move And what was the reason why I got out look over here So we had was 10 all right I started to see this Up trend over here And I started seeing this like breaking down Right said good good way over here for me to To cover all position to sell position before it's going down And you can see that we were still up training over here using the chart So I got out a little bit too early and then I missed this big part of the move right now If you're looking to trade over here at tesla Don't just simply focus on the I would say lower time frame start looking at the bigger picture I would say start looking at an hourly chart and start looking at the levels over here So trace your support resistance I put over here also my we say the high volume zones And we can see one over here Then we have a second one over here And then we see a third one over here. So I use that High volume zones area all right together with book map levels over here. We see one Over here. I see another one Over here. I see another one Over here. I see another one And then we add another one over here Okay, so this is the zone that I'm watching right now 760 762 Let's start analyzing the tape together. Let's see the Early flow over here. You can put also traders. I use this SVP All right, so session range volume profile You can enable the point of control. So this is basically like Now the same thing that we would see on for example volume profile, but a little bit better I like to have this On my charts. So you can put the color you want, of course And then when you have it You'll see this in my case. I put a yellow line over here But you know, you can change color red blue whatever So we are basically above point of control right this morning When I was looking for the fader we were below the point of control now We are above so it's like showing over here pretty good strength and even In the order of flow, you can see two main parts over here One where we have the majority of sellers in control, right? Look over here and the second one where we have buyers in control So really we have a shift I would say shifting this area over here over here You see the use amount of selling and now use amount of buying So I'm not really shorting counter track, right? So over here I have a resistance 760 But in order for me to start shorting and bruce knows very good I'm looking for confirmation So I see a resistance and you can see yourself beautiful resistance right over here over here So the dinos are working extremely good, especially with our return And I opened my swings position with options over here But then if I'm looking at an interday position like I'm doing right now I'm looking for a trendline break Confirmation of a rejection and then a short right so my plan today is looking if We can reject the 777 60 over here, sorry If we can have that 760 also over here rejecting I started seeing like some selling pressure. We'll put also right now times in sales on Start seeing a trendline break so the easy thing over here And then I start seeing a rejection in that case scenario I'm then starting to short. All right. Otherwise. I'm still waiting over here I really took my trade long and actually short and long this morning I don't need to trade more if I don't have I would say an a plus setup So try to be conservative after 10 30 11 o'clock For example two days ago. Yeah two days ago. I had a very good morning And then I gave back. I would say a decent amount of PNL Trading during the midday. All right And the setups were good, but the volume was simply not there. The confirmation were not there Uh, I was trading long and I didn't have follow through Not on tesla, but on other stocks, but the point is the same thing. Don't give back, you know, the morning profits When you start like over trading and maybe trading after 11 11 30 12 o'clock Joseph that's a really interesting point there That it can unravel into so many Fantastic discussions or or points on how to trade better number one time frames And also a number two volume Make sure that this is aligned with your plan And then but number three though Is and the most interesting one here. You're a veteran trader for like, I don't know how many years like, you know Since you were 18. So You know, you've been trading all this time and it had it made your setup Hey, or at least visually on on on the chart your setup was was there and yet this is what it did So, you know, that's something that you put back you learn you put back into your plan And then you take that forward like I'm not going to trade during low volume times like or during this time of day Even if my setup looks great Exactly. I mean, there are still like, you know, some strategies I think we're talking about a couple of weeks ago That we're good with low volume, but for trend following. So for what I'm doing right now, especially Uh In long positions where you really need, you know, like to see like some bullish markets See like some bars some deep bars some follow through Uh, then I need really the volume often I'm shorting Especially in this market where you could see traders, you know, spy is unwinding in the last weeks in the last months So shorting became very easy And of course sometimes we don't have that huge amount of volume So stocks tend to fade with lack of volume But of course if I'm trying to have a long And look over here just this tesla, you know, we look at this tesla over here in the last weeks I mean I doubt that unless some day trades so trade may be for a few hours you will find some very good longs I mean, even over here if you long for what How long at last two days one day and a half and then we started to fade again So before like, you know, starting to take a position long analyze the entire environment You need also to have a read on the vixx You need the read on the tick, especially if you trade big caps You need the read on the order flow You have to know what the volume is over here, the prints that are passing That's the reason why I suggest to be here on book map to keep Times and sales Now I don't have in the exact moment times and sales over here not because I'm not using it But also because I have on the brokers that I have so it's already there But if you want to have everything on book map, you go you go simply over here times and sales And you can filter it, right? So you can filter it for example in this case we can put minimal size Minimum size like 100 shares And uh Yeah, one hundred one. It's fine. I mean We won't see that the small prints like, you know 10 shares on tesla, which I really don't care Of course, if I'm trading a small cap like for example, this morning, we had on agri or we had on veru I'm not going to keep one 100 shares. I mean, I will see too much Flow at two magni executions. So I need to filter a little bit more If it's super volatile stock in a small cap land, I will keep around nine or 10 k So I want to see like the bigger blocks, especially if the stock is below four or five bucks If instead we have I would say a five 10 15 dollar buck Stock in a small cap plan and it's not super volatile, right? So we have like an average between two and 500 k per minute of volume So not exceeding that one one million per minute Then I will keep something between three and five k volume per minute times and sales I know it's a lot to digest But my mind is like that. I mean, I know the content very good Again, uh, this for example, I know that bruce is recording on youtube You can simply like tag me below and or just ask me question right now and we can go over that together Right because I have certain specific parameters. They'll help me determine how much We say tons and sales Tape so size I should be looking for for each dollar price All right, so you can see straight over here. Just zoom out. All right the I heard before bruce saying that you are looking at stocks Or future, I don't know on a tighter timeframe and it's very good I like to see the microstructure Especially if I'm looking in trading a small cap, right? And soon we'll go over to see for example agri that we traded today or veru or pick pik all small caps But also always have I would say A look to the bigger picture Bigger picture especially when you trade near into daily resistance. All right So if I'm looking over here at tesla right now and you can see The levels right so these are all levels above of supply We're in the past previous weeks previous days previous months We had consolidation or I would say a rejection or a bounce. So those levels come back in play All right, so what I'm doing. I'm focusing a little bit on the zooming out I start looking over here just at a glance. Why do you see over here in the last 30 minutes? This chart is completely blue, right? You have very few sellers while in the morning besides, you know, the big soak that always give you a big dot in the morning You have sellers Sellers that were absorbed into this area over here So we can divide in two areas over here as I said before We had sellers over here and these sellers were absorbed on this fake breakdown over here, right? So this is a fake breakdown of the support 740 And over here we have instead A huge amount of buyers, right that they went exactly to the 760 Now once we have this Passed to a smaller timeframe. I mean you can also run multiple times together and that is in I would say what I'm doing We can look at the five minute chart other traders will look at the one minute chart I mean, it's not that important. It's not that you will find One Time frame better than the other one for you, but maybe for others won't be like this And then I can start like, you know putting my lines like we did before You know, so you start putting like your trend lines. You can see that finally we're having the trend Remember what I said before if I'm starting to see this trend line break and over here, for example We can take off a little bit of Information so I'm going to just like put Okay I'm gonna just like put like this We can see that we're having a trend line break right now, right? So we're having the trend line break that we are waiting for So look over here But we're still in the vweb. We're still the j-lines. We're still above the open level It's still not a backside I still don't have like, you know the fade and rejection that I consider this for a short So this would be on my watslist today if we're gonna present that setup Okay So I'm going to stalk it when I say I'm stalking us Stalk when I'm stalking it means I'm going after that and I'm waiting patiently Often, you know, like you feel Overwhelmed because maybe you wait over here for a trade and maybe you don't have the trade come in And you start like taking, you know, like setups that simply don't fit your criteria You know, if you have to do that simply, you know, go out Refresh your mind come back and then look again at the bigger picture Try to have the discipline or you won't make money So Tesla over here Is uh one of the interesting stocks of the day The other one was apple So we can look at apple together I didn't trade personally apple this morning So what I'm telling you also traders, I share, I mean my trading in My room said execution everything I traded only Agri Which was a good one. I traded only tesla small scalp on the amd But apple I didn't trade it And if this is one of the best stocks that I trade during the day I like the reins. I like the options on this We have very low price options. So if you're interested in options start looking At how they work When I day trade I'm using OTM just not at atm because as you know atm weekly I hope a lot of you know this atm weekly are Just like With too much time decay versus if you take for example Three four strikes otm Time decay will have a less impact in your trading Also, you can use for example on toss. We're looking before you have the theoretical price. For example, if you're going to buy Some monthly options, right? You can also look to trade in the money options. Of course, it will be more pricey You can use the delta. So you'll see for each dollar Price of the underlying stock how much the option will be increasing or decreasing So if you look over here traders mean bruce knows this very good We have a downtrend in stock mean the strategy over here is very simple Good setups in the morning. So we have the morning over here wedge y higher lows lower highs And I want to trade these setups over here. Of course, I missed this today So it's not, you know, oh, I what I've traded this I'm trading exactly what my trading strategy and my trading system is telling me All right. So every single day For I know Since how many years I'm doing this. So it's basically trading all these pops in the same way And then I have the confirmation over here So look at these Look at these pops over here. How they're precise, right? And let's zoom in and the first one So we're talking about 955. So now over here, you see my Italian time, right? So 955 is 1555 Please don't sell me. Don't send me over here To hell because I am trading like at a very good time. But that's that's really where I am and When I start seeing this And we had as I said before over here This nice juicy support Jaylines are working Directionals for the spy because the spy in the same moment with this we're also testing the same moment with also Netflix They were they were fitting pretty good And then I started seeing the same trendline break over here, right? And then you can see over here We start like getting sellers So that's my beautiful trade. That's where I want to start taking the short or I can buy even, you know Scout with options for example over here, I will never start looking for 146 puts. I would say more out of the money Not even 145 maybe 142 or 140 Okay, again, I didn't check option this morning on apple. I didn't trade apple, but that's exactly what I'm looking to do So I'm looking over here the price section and I mean, this is just like, you know, every single time apple at every five dollars have the huge amount of liquidity So let's look at the bigger picture We can start with uh, let's say a four hour chart Let you see my lines my level is already there I think we can put even a weekly Again, I'm sorry if you don't see the entire chart, but I'm trying to run a lower resolution for you traders My resolution is much I would say more than this so I can see more Uh, that's the reason why I'm going to the weekly chart otherwise I will simply scroll back one hour for our chart We have a main support over here 137 138. This is the main demand zone, right? So what you can see over here This is my main demand zone on the long term You can see perfectly we had a bounce over here. So Jalen's work not good super good And then what we have over here price rejected the 150 So now we are in that 10 $ range, you know 140 138 sorry 150 Moving down to a daily chart I want to see if we have I would say smaller Support and resistance levels or what I'm going to do over here Of course, I'm going to take into consideration this 135 because it's a level where I see on bookmap. We have liquidity I mean, it's true that we have every five dollar stock every five dollar range But also we could see it maybe 147. Maybe there's a big Hand or a big institution at 143. So always look where we have the high liquidity Together with level on on the chart and if I have a high liquidity, I will put on the chart with another color The high liquidity zone, right? This is very important because when you're going to trade during the day You have to know or you have to remember A few days later over there. We had a big buyer over there. We had a big seller. So try to do this stuff This is just like a memory of the chart of the order of flow Again, I see over here today 145 and you make sure that this is just not spoofing. All right You make sure that this is a rail trader So you will see over here the orders passing. So what are you starting to do over here? You're starting basically to put on your chart with a different color from your normal lines Uh, let's say yellow or blue. What do you prefer? And you can even write over here for example hate So you remember it was a heat map and you can write heat map 100k So in the next days one week from now You're not going to remember. I mean unless you're trading only apple But if you're trading like 10 15 20 stocks in a week like me You need to remember that 145 he had the big liquidity All right, so that will help you help you. Sorry Now if I look at this chart look over here traders, I'm going to put horizontal line This is a previous peak Where was 145 we were talking about January 2021 And uh today we are back to that level So putting things together then I moved down to a four-hour chart And I started looking for other previous level of resistance or support For example, you can trace another one over here this area All right 149 and then I'm moving down to a lower time frame Of course, I would need to scroll back over here You know to see the previous months and previous weeks And then I can go finally let's say to a five minutes or to a one minute chart And now what I see the 149 was a very good rejection this morning Now I see where we have the support this morning at the 145 So it's not that oh at this point over here I will simply long but I know I can expect some bounce So just sellers over here All right And if you start seeing like uh green doesn't mean necessarily they're buying All right, remember, of course, you will see buyers Especially if a spy is starting to bounce if he has to start into bounce But when you see these often you have also to consider How many Covers we can have today because over here we had a huge amount of short sellers all morning all morning I mean if you were looking at the tape over here, even if I didn't Trade it. I was still looking at the tape at the price section at all of these pops And you can see over here on book map We had immediate rejections immediate rejections These pops over here didn't last like, you know five six ten minutes These were instantly like 30 seconds one minute boom dump Boom dumped So what does it mean when we dump in that way means that somebody was selling hard Or you was shorting hard shorting big All right, and that automatically make you understand. Okay, we have a lot of short sellers We're sure sellers will take like a profit often. You're a big support This is a daily support as we saw before plus we have a heat map and now you start putting all the things together It's like a process. All right, you short it. Where should I cover? Actually, I would tell you when we start having our lows and buyers But also I can start to trim out near a big support demand level over here Because I'm expecting to start seeing like, you know buyers maybe from Uh, that are over here from previous months or weeks that are waiting this level to get long Okay, make sense traders Yep, sounds good. Uh, let me see if there's any questions here for you. Hold on Let me see youtube. Hold on. Sorry, joseph Hey guys, uh gals, uh from time to time over here give some applause also to, um Bruce is making an incredible job over here. He's giving all this free also for you guys on youtube So he's putting I see a streaming over here every single day. So Give him a like give him a like, you know, a hands up for bruce because he's making a terrific job. Okay traders Thank you, joseph. Thank you so much Um, the um, uh, yeah and joseph is here every wednesday I'm trading live taking positions Stocking these these trades. Um, so no, I think we're all set. Uh, no, no, uh questions at the moment All right, so I want to cover up here a small cap I know that a lot of people will like freak out if I'm going to put this stock So veru and uh Or agri I mean you can decide yourself. I mean you you can write over here traders in the room or on youtube just like Reach out, uh, try to also, you know, uh, share with us You know, it's important your opinion. If you want that we cover some stock Uh, basically because I was trading today agri so I can go over a few things with you Just reach out and give us your opinion or what you would like that we We follow so over here mac loco Uh, I believe that he was following a veru. Okay um one of the worst and best stock to trade Why worse? Because it was highly manipulated all these days in the meantime over here will upload Uh, veru was very highly manipulated Uh, it's not a stock that gap one day and faded this ran multiple days, right? So it's pretty tricky to to start. Sorry to start, uh, to trade veru if you're not at least experienced I'm gonna discover here a few notes that I gave this morning so that you know, what was my idea prep notes, uh on veru, we have an extended play And I'm gonna put this up one second Over extended play Daily resists 1670 and 1750 get pop so at the open I'm looking for a push to the pre-market highs or 750 stuff to short or a bear trap long because From day to day is really doing that. So over here you have a 60 minutes or 60 And now I'm sorry really because I cannot zoom Too much. Maybe let me just try over here one second Okay, so I put my levels, right? You can see over here We have the 1660 just over here on the right corner Which is the first purple line and then we have the 1748 1750 So I see all this like a big accumulation, right? Like a big accumulation, but often this accumulation they do one thing Being that everybody's looking for a breakout My plan over here this morning was to look for or this fake out over here or this fake out over here Or above this level another accumulation called gym slim and then looking for a long So you have to be prepared for plan a plan b Right market is this Don't be focused only with one bias because if you're wrong And you're stubborn and you only have that bias one or you will fight it Or you won't simply trade instead. We're looking for trading opportunities Now passing to the Lower time frame and over here I'm gonna put veru both on our book map And uh, I'm gonna always use the dots when I trade So we can put it like this. All right And I'm gonna go to the starter to start of the day. I'm gonna show you a few things that we had. All right So remember what we were looking for. I was looking for this 660 And I was looking traders for the 1750 too short Today I didn't trade veru We have the perfect daily rejection. I know so I'm uh, I supposed to have been trading this. I didn't so I missed the trade and uh I missed the trade on an a plus setup. So now you'll ask me j. What is an a plus setup? When you trade small caps, you have to be quick quicker than you will be when you're trading futures or Stocks or options or coins And I tell you why So small caps are very active Especially at levels of resistances, which could be a daily resistance interday resistant weekly resistance or again support We can have fast reversals Um In the past weeks over here also on book map, we've seen like example of absorptions Into a high liquidity level that you can see a high liquidity level over here, right 16 25 16 30 Which is this uh previous side. All right Again, remember the point that I was looking for was 16 60 Now technically who knows me. This is a level of resist. I will still take well. I missed today Simply missed. Okay. I was fast I was focused on others. So I'm trying to get excused right now because I didn't trade it But that's the point So I just want to uh, explain you how to do this Right. So start doing paper Uh, test it see if you can do it Practice. No, it takes some time Just yesterday for example, I was interviewing a trader and uh, this trader passed from 3k to almost 180 k So I'm going to put up the interviews in the next days But the point is he started very small. He started paper. He started to study So when you're over here start to paper start to study and then start, you know, applying the strategy With a small amount of money Uh, always protecting yourself using stop losses and then eventually when you see confidence and conviction You start adding a little bit more size So I don't open look what a beautiful pattern we have over here and open right away We have what I call a fake out Because we are looking over here for this curl. You see the v-wap, right? This is a reclaim of the v-wap that you can see over here 9 36 This level over here All right, you can see over here reclaim the zealots start to push up Into high liquidity level And the bad part of here if you are breakout traders is that you will be get killed killed for the fact that you have Breakout traders always trying to buy the level of the breakout or maybe even Anticipating that level But you must know that if you trade small caps if you do this will be super tricky And often you will be like faked out and the market will reverse on you So at this point you see buyers And then you see buyers. So the price over here is going to this previous level And you see buyers And you see buyers These buyers are absorbed So when we're talking about absorption You still don't know that at this point You will have absorption, but you can like Uh start tracking this kind of setup Start looking how many times it works on high volume stocks. Remember high volume stocks It doesn't really work on low volume stocks in small caps high volume stocks So there's a lot of The participation of volume of buyers over here But at the same time There's one big trader or maybe many big traders or a few big hands together That have a precise agenda over here What we can do as retail traders We cannot of course stay over here And maybe we stay short with the limit order preset limit order and then maybe a rips over here And then we take the entire loss against us Especially if you're looking too short, but what we can do Is waiting over here that they soaked and then start looking with book map When they start like selling So you don't really short what is going up over here because I was waiting This was my a plus setup I was waiting for this This was b setup at this level over here that I missed it. All right But I don't simply know even if it goes up over here I don't simply wait over there and okay get me filled and then maybe boom rips 40 50 cents one dollar against me And remember very can do that very can run like four or five bucks in 30 minutes So I'm waiting for the confirmation. So I don't really care over here to take the top tick Don't don't care to share those those charts. I want to see when sellers join in So when the tape is starting to become red when I have the time to sell over here like they're joining I put then my stop loss generally a few cents above the resistance because often they can just like We hear fake out a little bit of slippage and then I'm joining the trend for them wine Now remember what I told you before Don't look only at the We say short time frame Okay, give it a look And we can do like this All right, so give it a look over here. So you see Where we have the soak forget about open You will always see this at the open you see a little a used concentration of orders So a lot of inputs over here and we don't need for now to look at this But start looking at this big point over here. So we see over here that we have sellers, right? So all these lines over here these bands over here You see orange ones means that we have sellers place on level two. All right, so they are placed on the market The agenda over here in this case for the big ends and the price reaches this point and we have almost 100k I would say volume And then they're start like dumping So now look at this After this dump, of course, you'll say 2020 is it's uh, we say very clear But no, that's a setup that we want to trade because this setup I've seen like I would say other and before 500 times Then you start looking over here while you're trading At the amount of volume traded at each of these dots So we have another 100k We have over here 40k. We have over here 50k. We have over here 37k And of course you will see that part of this are buyers So you can even change the dots over here. So if you go over here in the dots We did this one time and you go down here and you start putting for example You want to see the total volume that you have over here But you will see even with only the volume delta that I prefer You will see that the majority of here are sellers Especially if you really you'll see the times and seals But that makes you stay in the trade That allows you to ride the trade all the way down All right So this is my point if you trade very well Then when you see these pops, okay Start looking for levels where we have exhaustions and start looking for for example, we start seeing sellers again Again, you don't need to take the top take over here. Who cares? Start looking instead when we have sellers like on this bar this All right So that is my point on bearer now miss for the day We have still a lot of time to trade very mean yesterday gave a beautiful long setup And From the gate over here in the morning Let's see It's loading Okay The morning where you can see the dip right away push Then I start curling and yesterday was totally the opposite While today we see all this tape being We say over here magenta, right? So we had sellers in control Yesterday we had only buyers in control all right so Let's see for example Apple so let's go back and check apple all right so Where we said before 145 is the level that I suggest you As a trader that you should keep on the charts because it was the big liquidity zone, right? We had a breakdown of that 145 and fast reclaim So in this case doesn't mean I'm going long. We're still making lower highs But this is the first moment that we had finally a Breakdown for now It's a fake breakdown over here because they reclaim and even a little bit about of buyers and covers And now let's see if they're going to like consolidate the 145 and start breaking to the upside Or we're going to break down and then reject. So I'm looking for or this and then push or Breakdown consolidation And then over here fail. So when I see these consolidations Is when then I want to attack So for the long I will need to see some consolidation over here And this which would happen Over here And for the short I want to see a rejection And then a drop So a rejection And then a drop I mean if today you were trading pik at the top There was this Okay, so that's what I'm looking for when I have consolidation then bounce reversal Or rejection and more unwind. So let's continue to watch over here the Apple so Amar he's covering apple now for you. Um, my mar was looking for some spoofing around 145 And then there's also a question on how you interpret exhaustion and book map Oh, okay. So hello, Amar So Amar is a good friend of mine. Thank you mar over here for joining us So apple first of all, no was not really spoofing. These were big orders and real orders I mean when And because I know it right only because I follow it and I know that you like apple as well As you know when we have these big whole round dollar numbers We don't have Spoof, they're really like orders of their sitting And often these orders are sitting over there like, you know from maybe days or like from the early pre-market, right? because maybe somebody has I would say a plan to start accumulating on apple So you start, you know every single day putting orders up on for example on apple or having them orders just sitting over there Um, so that's a point when we have like spoofing on apple We will see more like, you know Generally, I would say a consolidation area. Maybe I would say just after news Somebody maybe that wants to get filled or wants to push down the market and then trying to spoof to accumulate more lower So no these levels over here are generally like real orders About instead The exhaustion there are many ways to spot the exhaustion One could be only with a chart pattern And looking over there at the times and sales in the tape. So in that case, you will simply look for Uh, let's say we exhaust over here, right? Just looking at your times and sales and looking over here book map We would need to see over here that we cannot put anything more And then you will see on the times and sales that we have like a stall in the tape Spread is generally like Getting wider, right? So you won't see anymore, you know that three or five cents spread on apple that we get since usual You'll see maybe like 10 15 or 20 cents. So spreading a little bit whitening And then you start seeing like, you know red prints because long prints are not anymore there So that's like a way to see exhaustion A second way that often we see And let me put this big up I believe Okay, so over here When I see these peaks And I start seeing that we can have no more prints generally want to see this more I would say extreme though, right? So a little bit more extreme on this I want to see like maybe in the case of apple between 10 15 cents where I don't see dots over there That tells me all right. We can have a little bit of exhaustion Uh, like for example over here, right? or Let me see if we saw one before Yeah, like over here. This was uh, this was a nice one. This was a nice one over here Basically exhausted and you can see over here after that dot We have over here just like, uh, magenta prints, right? It takes a little bit to understand that not all the stocks behave the same Maybe we put over here rdbx I know this morning. This was like crazy Yeah, this was a nice exhaustion to move but not really what I'm looking over here But I mean just like look when solar join in. This is a stair step down pattern beautiful Let's see over here, Marcel Okay, my exhaustion, right? Um, junior how important is consolidation at here? Just like you said at 145 Consolidation is very important if you want to see then a reversal Or if you want to see then a good follow through move um for me, it's Uh, more important. I would say when I'm looking for Uh day trades than when I'm looking for scalping or like, you know, just uh a very small trade Consolidation are the base to understand if we will have more follow through Because how many times for example, you will see a breakout And then right away fakes, but if instead We see a breakout, let's say of this level and then start consolidating over here Then we can have the big move over here Mean we are talking about very right If you go look and vary in the past Three or four days, you will see this pattern if you start looking at agri Uh, yesterday, uh, sorry the first day. So two days ago That would be Monday. Yes Monday. You will see the big accumulation All right, I kill uh, well as a consolidation accumulation But right now I want to see over here the fail 145 consolidation below Uh, try line break or stuff and then I'm looking to ideally short this And like break on apple Is breaking the sweats, right? So we have a nice play over here Like this Now let's see if we can have this traders And it's very easy If you know exactly what to look for it's very easy So fight with that 145 Again, you see the soak 145 soak another time over here So came down big bars again. So they're trying really to hold this But again, you see without consolidation, you cannot do anything, right? You cannot show it right now. You cannot buy we're far from the J lines So mid-range like this. I need to see that for that consolidation I think was uh Jonah. Yeah, Jonah. You were asking, right? All right, I cannot over here short only because I have the rejection 145 or bind just because we are above I mean, look what's it doing and you will see this over and over and over I mean on other stocks as well. That's that's my point Like to see these sellers right now And look at that support. We have more support 140 and 80s 140 and 50s Now we like to see over here straight line for a few minutes below the 145 and then looking too short on that break, right? So remember when I see a consolidation over here small jeans slim And then boom that and I will look to short this here over here with a very tight risk But I need to see that the price stays below 145 and we have this I mean this tip is pretty nice Because it's still like showing I always say weakness right still showing sellers And again, they're trying again 145 right 145. They're trying for a double top double bottom Let's watch a bigger picture right now. Okay first drop look this traders Boom instantly. All right So what over here? You cannot simply take it Big drop over here. Just look at the spy. Look at the s right now. I want to check the five minutes So break down over here in this case, we didn't have the consolidation. I wanted so nothing. I missed the move. All right My first entry from my strategy was over here at the stop 147 and these peaks Now miss that I don't chase it This was a really a nice breakdown over here Look that huge amount of selling pressure And just look check the spy for example And you will see what I mean same exact price action So buy over here 144 68 Getting back to apple I didn't take executions on from the starting of this streaming This morning already with tesla and with agri You see again, they're trying over here to hold his support somebody over here selling big this morning selling big We have finally our trend line break look over here Big amount of selling. This is a really a big big big sell-off. All right Pre-support right now at 144. So possibly a bounce over here. This is a very important level 144 you have to look at this so Keep always a higher time frame This was the analysis that I made this morning So I can I can show over here what I was watching so that that, you know, it's important to know the plan Right apple prep notes below hourly jail is very short-term trend I'm going to only look for puts 140 below 146 target 140. So we broke the 146 I'm looking for the 140 now need today. I need also to see the break at 144 I said this morning look for over under so a short pop infill short jail and Rejection short 90 may pet platter for short So it's very important to make your plan That trend line over here. I made like pre-market actually yesterday And then pre-market I started seeing like the trend line break And of course then you start following in this, all right Now point for me Is to find now the correct entry because for example today I as I said I missed apple was focusing on tesla was focusing on a small cap actually two small caps So i'm not chasing the price over here. We don't have the consolidation 145 below We fade it to the previous support. This is a big washout. You can see over here a little exhaustion on this part And now what i'm waiting for i'm waiting for it pushed to this 144 80 if I see that and it really Give me a spoof Like I will see some spoof over here or a fake out or stuff. I'm looking too short But I want to see over here at 144 80. It's my band plus over here is the previous support now resistance Zona is asking over here. So how quick and often do you trade that per day using your option flow and patterns? What do you mean how often buddy I mean All day basically, but I focus I would say the first The pre-market in the first 90 minutes Then I generally Come back to trade the afternoon Remember we have a daily support over here at 144 Now I see it map over here But I'm not looking for any long trend is down spy is down So I'm staying always with the main trend over here When I go back and check tesla. So remember our plan before right? We said let's look for the trend line break on tesla and rejection So rejection came I know that somebody to follow me probably shorter over here the 748 Let's look at The order of flow And let's zoom out a little bit. Remember what we spoke about before let's zoom out a little bit All right So what can we see over here? When we had Amar you that you know how I trade and over here we have mech lovin Uh, we have uh, Marcel So look over here traders perfect trend line break which is this one And then we see this Trend line break. So the market is down over here. Spy is falling. We are fading over here. We have the stuff rejection 748 Sellers are in control. You know, this is a beautiful pattern over here Seems like it if we see this pattern on a bigger time frame, you can see a big huge wedge But remember always look at the bigger picture So remember on our chart I have the trend line break and I said this morning my plan You break 740 we confirm the bar below 740 target 720 second target 700 and then I'm looking for 680 down here We can do like this All right So now I'm looking for that. You see We have till the next bar. All right, 46 minutes still One hour's working Five minutes over here gave us a very good setup and one minute That's a nice selling pressure right now like that So love the day 738 We need to crack that And go to the 720 mech. I start looking for you know, simply a trend line break and the rejection of these bars over here So I start looking for sellers All right to determine the answer over here just look over here This is the for example 1104 1103 When we have these uh big sellers, right? So that is a reason to time your entries Another bear flag formation. So possible continuation over here on our tesla What I'm looking is this and this I chance over here for a breakdown. We need to get this 42 point 80 There we are So you can see they're starting to pop and then right away. We had a seller So possible dump over here to the 742 right now. I'm looking also the times in sale, right traders Okay, I'm trying to zoom in to show you. There we are. You see Another bear flag boom wash Market is heavy So you cannot simply start to buy you see over here the timing McLovin You were asking just now how you find a timing. Remember what I said 742 We have a breakdown bear flag possible and winding to 740 to 742 now We're going to the 740, you know, beautiful fail over here, right guys This is the moment you see the seller joining over here and you see over here this bear flag That's all you want to look for you're gonna post over here. So you can view it. Let me see, okay Now remember what we have on the daily. So our supports And remember always traders if we have a day like this Don't try to buy dips only because you see heat maps only because you see supports Spy ES are the guide and Q are the guide Okay, so trade accordingly Exactly exactly exactly beautiful slot that Uh, you point out this exactly buddy. For example last time we covered How I like to use yes, so go watch it Um, it's last week. Yeah, I explained apple. I was reading live apple And I was explaining the use that I had on ES together with a lot of these big caps, right It's still weak over here 740 is that important support Thanks Marcel for the update We'll love to see that buddy. We'll love to see that So we have this 740 over here support zone Below this 738 confirmed. I see 720 another main Demand zone and then 700 we'd love to see that But I want to show you this every single time that I had the pattern. I open a swing This okay this and then we add another one over here So each time that we have this pattern, but of course has to be confirmed about below the 738 Then we have a big unwind They're putting over here a little bit of support that's 730 traders. Sorry 740 Don't get really scared If you are if you are in a we say short position I mean at least when I am in a short position and I have a good average But I see a heat map like this I mean it could be somebody like me that is just like, you know Want to take a little bit of profit is short doesn't mean necessarily to cover Because often when you have like these Big demand zone, right? So support zone over here. They're breaking Then you can go and unwind like for five six even 10 bucks on something like tesla There she's traders 740 So what they're doing remember what I said before They're gonna probably absorb something but I still believe over here with this mark We'll go on one more. I see over here. We traded like around 5000 Big seller jumped in look that Big seller jumped in So we have 3000 2005 2003 2000 We have big seller trying to break the 740 market over here is weak And until the market will be weak this will unwind Is it clear Prepare over here for our watch right now Again check yes and spy This is not done This is not done until the market the entire market versus You have to stay short at least I'm staying short over here When it will be Longs I would say with no more size to absorb boom. You're gonna see the watch over here a couple of bucks So now they were filling what means we're filling before it was around 1000 They put back a little bit of more size for 1000. You see they're trying over here to Hold it Create a little bit of spread 30 cents of spread Again, they're attacking over here the support. This is a pretty interesting So remember we are on that support market is dumping Important level also on yes right now exactly Probably also over here soak And not a leg down. So let's see if this is the scenario So they're trying over here to stay below this trend line, right? And they're pointing down again. So we have a fight over here between buyers and sellers They're trying 741 breakout and somebody booms sells over here to Below the breakout Level again, you see they're trying to break over here boom a seller joins So there are a little bit of aggressive sellers over here all along the way Each of these pops was sold there we are Big fracture of this support micro support is 70 Again retesting that 740 prepare for the wash 2000 going down 600 above So when you have a breakdown, what do you don't want to see you don't want to see a reclaim of the previous level And you want to stay below that level Again best is to see a consolidation below and then more and white So we're almost at that support leg down over here Possibly another break of 739 coming Seller again And this traders from our level of entry over here 748 All right, we're saying look for the breakout and then if we have a rejection Perfect trend line break. This is my perfect one of my best setups We went all the All the way down Build their sellers are still in control. You see the rejection 740 All right here. So we are in the last few minutes of our Streaming I believe we answered the majority of the questions if you have more question over here, you can just write in In the room or just below over here into the youtube channel Yeah, it looks we look pretty good up caught up on questions here Just do you use anything for the expansion contraction of the spread? I mean book map shows that exactly So You can you can see it there With the dotted lines on j traders chart there Exactly. I mean you can just put over here traders You go and You can put buy sell orders, but over here you can put nbbo. It's fine Or you can put like a bid ask whatever you prefer I personally like to keep it like this and I start looking over here the prints for me. That's even more important Yeah, so that answers your question there And I I'll also add in there like yeah, I always look at it. I want to see wow. Look at that move I always want to see the spread what I'm getting involved in Beautiful So we're breaking that low traders remember the 738 If you close below 738, there's a very high chance we go 720 and then 700 Nice to online break hourly chart I mean I smell over here on wind What do you smell? I smell pizza money. Well more than pizza money Yeah, that's a lot more than pizza money Nice really nice sellers over here joining really nice sellers. I like to see this All right, you're just so 1130 This is my morning And for today's streaming again If you need need help just reach out Bruce is over here again For you guys every single day. He's making amazing streaming Thank you again bruce and book map See you again traders next week again interact with us if you have questions things you would like we cover I would say comments anything useful. You're welcome All right. Thank you again everybody and see you next week. Thank you bruce and have a good day Yeah, thank you joseph. If you guys like this video You like videos like this, please hit the thumbs up button there That really helps us gauge And offer more. All right. Thank you very much joseph. We'll see you next wednesday Thank you. Bye. Bye. Okay. Bye. Bye