 All right good morning traders and welcome to the book map pro trader webinar today with good morning traders we do this every quarter here and Joseph is a Stocks trader you probably have seen him in our discord channel or YouTube channel He's on every Wednesday here at 10 a.m. Or a little after 10 10 A.m. So if you don't know who Jay Jay trader is he's been trading for quite a while since the tender age of 18 years old trading very big size even back then And now he focuses on order flow scalping us mainly us equities And he's the main trader in the small caps room I have his contact information if you're interested in reaching out to Joseph I will paste this into the chat so you don't have to copy it down Let me go through the disclosures and we'll turn it right over to Joseph general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves substantial risk of loss and it's not suitable for all investors pass performance is not necessarily indicative of future results so once you share your screen job you already are all right and Let me pop it out and you guys should be able to see Joseph screen Take it away. Joseph All right. Thank you Bruce. Thank you everybody and good morning So traders if you were following some of the content that I was putting out this morning about the gaps that we had This market is pretty volatile We had several small caps gapping up The main one that we're trading this morning is e-pal. We're also GDC day two a PLD day two SVRE day one and more Right now we have an SMFL that is running, but I really want to focus on Tesla first Next to it here. You can see book map and we start looking at book map with an idea to take it along I want to go over a few seconds only at what was my It was a forecast on Tesla so we can see over here. I'm gonna put this one second big on Tesla We can see over here my plan pre-market, right? Essentially what you can see you can see two major plans One for the long and one for the short what I was watching is a consolidation into the 167 and 170 so we're talking about this major area over here and This morning we're getting very we're getting very attached to the 170 level first plan so the plan that I'm considering that a plus I always specify plan a and In this case waiting for a breakout of the supply area 170 And this as we said was a possible reverse head and shoulder because we can see First way over here second third one so you can see that we have the two shoulders the head So reverses in the shoulders and then we need to wait for the breakout and then pull back to call it for the long That be set up or plan B Trend break in this case if we had this morning a breakdown of 168 and 50 168 We are looking to short pullbacks now. I Like to make two plans because we never know what the market is going to do We never know what's going to happen So we can form a plan, but then of course We need to be able to have a setup in order to in a strategy in order to We say trade properly So getting back over here to book map this morning. We had one of the best patterns It was a little bit slow at the gate and I want to explain you why so I'm gonna Make this actually bigger and I want to focus There we go on this morning pattern So this traders is The open on Tesla over here right at 930 We start seeing a rejection of the VWAP over here at 932 a third reject a second rejection of VWAP 934 and until this moment I'm not really looking To try this long. Okay, because as we said our plan is to wait for this 170 breakout And at this 170 what we have traders a huge liquidity stacked so we have over here seller stack the 170 place and Only on the break of the level Consolidation above that level then we can start looking for a potential long What we have instead of it here morning opens and it's weak So this point we make a lower highs lower lows don't start looking too long over here on dips unless You start having a reversal where we start having the reversal. So the reversal happens When we start forming higher lows So we can see that we passed from lower highs or lows to higher lows in our highs and at this point We go on the day from red to green. So this is what we call the shift. Okay We can point it over here. We're gonna write red to green Red to green shift Okay, so this is for me one of the most Perfect setup of more reversal that happened also in the first ten minutes Which is a time that day that I prefer. I don't like to see reversals around 10th and 30 11 the best ones happen the first 10 15 minutes Then we get to the 170 and over here. I was streaming in a Small cap room you try to cope and we are looking for a break over here I'm never longing into the break up. So I wanted to see a major pullback, right? and what we see over here is a Plus setup So breakout pullback Essentially, if you look and just what we said, right? We said we were watching again. I'm gonna repost it so you can now check it Plan a breakout reverse and then we're looking for the pullback this is a Trust and solidity in the system Now once we have this setup, I Need to confirm my setup. We're with actually liquidity If I don't have bars coming in I Can look for the best setup in the world, but it's not gonna be confirmed So that setup over here, which is essential is a bull flag, right? We can see over here with five-minute chart and Also below with the one-minute chart Over here in book map. We can spot this in the same way with This bull flag so you can see the price breaks the 170 below 170 it forms lower highs lower lows But I start holding this demand area over here. You can see that we have a Major over here breakdown, right at 160 950 breaks down over here the slow and this is a washout Washout because we start right away Reclaiming a level of a here of liquidity So we break the 1C950 we push back up and we start now bouncing from this area And you can see that volume starts coming in where we see the volume. Well start just look over here all the blue Dots, right? So high volume stepping in you can even Do like this Look at volume. This is massive buying pressure now Breakout confirmation 170 and then starts forming hard low I'm looking with book map and this is something that I always did. I'm looking with book map if I start seeing liquidity Moving along with my trade. You can see over here We start holding Breakout 171 This case break of 172 And I want to see some consolidation Ideally with or this 90 may on the one minute or with the 90 may over here on the five minutes So I still I'm still looking for that more potential move today to the 175 Okay, so that traders is what we had this morning on Tesla Two points over here Let me this is a pattern. So right now seems we're forming another bull flag Let's see if this is gonna be another consolidation Ideally dip over here 171 and 30 171 and then move over here to the 173 and ideally today 175 Okay, so this is Tesla for today. If you have any question traders reach out. So we're gonna cover more in this But beautiful playbook today How to trade this is an example, okay, this is an example So you can see that the trader over here That I'm mentoring. So I'm following this trader on a daily basis You start over here just on the breakout that the one seven then recognize the break out So he entered on this level breakouts don't work. We're not in a market 2019 or 21 When we had breakouts and breakouts who are simply working right over here instead We have breakouts that as you can see the trader had to stop in the money because essentially He understood that this was not going to to hold So he stopped out He waited to pull back Just like we said You start entering over here on the server here. So on the break of the Bull flag exactly here started taking the long and then holding this for the upside So a beautiful move and you can see that he scale out at levels of book map. Okay, so We can scale out at one 71 parts of one 72 having our I would say Position always from here, you see that he doesn't add to this position He trade one size full size and he takes over here the trade. So a beautiful setup over here traders, okay? Anybody else straight at Tesla today? Joseph I have a question for you. Um, so of course looking at the kind of bigger picture I know that on your momentum plays or your your plays Like this here. You're looking for it to break first the daily chart And and then you are looking for pullbacks From that It's a little different Looks like to me here from the daily, but it did break the daily a Bit a bit higher Maybe you can just talk about that that set up what you're looking for Of course. So let's go traders one second to the daily Bruce question for you. Do you generally look for I would say yourself daily? Or even other time frame like when I'm talking about weekly so our time frame or monthly I Mean I you typically since it's you know, I'm not in for very long I want to look at the daily levels, but you know, if I see a lot lined up there I'll look at weeklies and monthlies as well Okay, okay, okay All right traders. So look at the daily with me and Always look over here that right now. We are continuing to have a bold. I would say intraday trend So this is a daily chart. Let's cancel some of this Some of this Trend lines so we can see that we had the 170 level This was a gap that we filled over here on this day And we were filled when we're going directly into this daily jailings so now the main level the main I would say Reason for us to hold the trade would be eventually that 177 of course 175 so the survey here would be another key level because the Say famous Whole round on a number. Okay. So this is the first thing the second thing is Looking at this daily break over here. We can see that we had two days essentially where we have like these are shooting stars or Let's say hammers and over here. You can see this cup pattern in a breakout This seems like a good breakout. So on a bullish close over here today We're gonna look for a target over here. So we can put this up We can look for we can put this and This so we're gonna write it on over here Breakout given from Let's say break up confirmed by shorter timeframe so LTF plus daily timeframe HDF in this case We're looking for target target on this 177 and this again is a target that we give because before it tapped into that level because we have a confluence of elements previous resistance We have also the gap fill over there. We have the daily jailings So that is the reason why we're looking for that and you can see how beautiful is this daily Breakout, but again when into the I'm trying to buy the breakout. I Always wait as you can see here below I don't buy directly in the breakout because you can see that we stuffed at this 950 and this 950. Oh, sorry And this 950 traders Let's cancel this We can cancel them all right now This 950 is this break over here. You can see the break It found a top over here Into a 170 point 70. So we had over here right away aggresses silver jumping in Okay, so those that they want always to shore those that are looking always for a fake breakout But over here Once we got them to this spot. This is the key level. You can see the break over here the 169 and 50 This is a washout push. This is a washout long Is one of the set up that I like to trade on fast momentum trading Break over here of this small tight consolidation You can see this another cup pattern of the 170 and then once we broke that we start like pushing So we're gonna put a few setups over here by the way, just if you want to as we do on YouTube generally if you want also to Talk to us as question. Please feel feel free to reach out Alright, so Let's put a few ideas over here about Tesla Gonna also write What I'm expecting There we go so first of all We're gonna point out a few things and we're gonna put this level as our key resistance and This level over here So here we see that we have a rejection So seller jumping at 170 and over here we have a breakdown and Reclaim what means this reclaim? This is essentially a washout long And then over here we have the curl pattern. So we have buyers Stepping in and you can see how vertical this is going over here We have the second rejection and then over here. We're simply testing support Then bouncing So confirmation of the strength of that support This is to spot a strong breakout This is essential how to spot the storm breaker. So you want to see that pullback and after the pullback You want to see this curl, right these buyers stepping in and you can see many cup patterns for me That is your I would say a plus setup to Look for a potential push Go back to the five minutes. I mean, this is the stock of the day right now Finally, we have Tesla moving big There we go You can cancel all this Okay, we're gonna keep this up So Joseph, I'm I'm sorry. I'm a little a little confused. It's been a while Since I've been on with you, but In this case at the open Did you trade around the 167 to 168 level? Down here on the dibs. Yes No, no, no, no, no after the break after seeing the breakout All right here. No, no down down lower. Yeah, and when you see the strong volume come in there Okay, no over here. We didn't simply touch it. Okay. We wanted to wait this break and a consolidation Okay, because that essentially gives you the lower risk some of that would say the members like in this case they Trade over here that level that you are just pointing out so you can see the open it came down So they traded a reversal So anticipating in this case the breakout, right? Breakout occurred over here at 170 and then we can see this major stuff in the 170 But then we start consolidating. This is our wash out. They were watching before and then you can see the volume Rising over here again. So they took again along and now they're holding for that 173 and 175 so another great trade and I would say even Aggressive over here on this on the over on this cup pattern We have a good volume today on Tesla. We have a daily breakout So until this is forming our lows and our highs so we can see here Hello second-high low third-high low We can ideally look for a push So Trader, I'm looking ideally for this to rise still So Joseph, you're an expert with Tesla. I Know your strategy is you wait for it to so it broke the high of yesterday 16945 or 46 somewhere around there And then it came back retested it and then broke out. That's the trade you take on the retest exact so My question is kind of revolving around I was getting Getting to it in a long-winded way Do you ever trade it up to the high? Like that one trader did and then he beautifully took his profit right there at the high because he doesn't know what It's going to do at that point Exactly exactly my suggestion over here My tip is to hold partial of The position because you still have a good average from here. So it's good for me to sell 30 to 50 percent Then having a guide for example using our lows in this case with the one minute Or could be even with the five minutes and then if we see another setup Adding to the position. So personally Bruce because I still didn't talk with this trader. He's a He's a he's trading with me along, but I don't know if over here he got out entirely or he Sold partial and then he added over here and a retrater of the here So I will ask him after but In both ways, it's correct or taking profit into the resistance Because often this mark we've seen especially on Tesla that We were having faith breakouts and Over here. We see that we had another re-entry. I just wrote over here So I said sellers were 25 and 25 percent then he read over here full-size, okay? so this Coming from along the room very good work Florian traders the main point is that the liquidity that you spot came over here and Often with Bruce I think so many times we covered this the morning opening reversal And this is called on the over if you follow the old videos the old lessons which are totally still Same Saturday which right now. So just go study them. This is one of the best Setup that you will have a trade in the market. The market pushes you over here to look for an unwind because they're showing over here that we have a Ideally fail the support. You can see that we're Fading the support breaking down. We even rejecting over here the V-web So you're expecting over here and unwind, right? but instead This could be profit-taking from big players and this could be also the level Where big players are accumulating more So once over here, they're start really pushing the paddle on the gas and start like buying because they want to now Create that environment of squeeze short squeeze environment Over here shorts are toast Breakout is confirmed 170 daily breakout as well happens Support consolidation is holding Okay, let's get to the new level over here now Let's go for that 173 and then 175, which is the main catalyst that we have in this market So let's say beautiful execution Precise more than everything and this is really the the way to trade the smart Okay, getting back over here. Let's analyze The price action Some sort of ask me What I do every time that I see a Big level of liquidity like in this case 173 if it's correct This is one of the question that I always I get if I it's if it's correct to scale out every single time Then we have a level I Would do this first of all, I will look at levels on the daily chart Where for example previously the price rejected or bounce from there even in the previous weeks or months and Then I would say compare these levels Together with book map. So those levels then become extremely important For example that 170 we spoke before right so this level over here Was an important area on Book map because we can see that they are signed here high liquidity area and At the same time this level for days and weeks was an important level that was tested in multiple times And now what I'm looking I'm looking for that 175 the main key all round the long remember and then Daily level 177 It's a it's a beautiful setup It's just picture perfect Yeah Picture perfect, but I can tell you Bruce that in this market. We're starting to have these bullish day like yesterday in video Or AMD yesterday playing the same setup yesterday. This was in video breakout pullback Same exact pattern that we have for example today on Tesla Or for example, we had AMD So in the same way that I'm looking through this day at Tesla The same way I was looking yesterday Nvidia and D for example goo. So when I see the breakout, I'm looking for our first pullback Looking for a pullback using confluence of book map. I'm using a pullback at With the one and the five minutes are as usual as usual. Okay, let's get back to Tesla over here Biden is speaking in few minutes over here, so perhaps we'll see some movement in the market Joseph I You know Haven't had my fill of you for quite a while. So I have lots of questions On something like this, like, you know, Biden's gonna be speaking shortly However you're in with a really good position You're looking for it to go a very specific route to these targets and How do you manage your I mean you I've we've covered it for years how you manage so well at your losers And you quickly cut your losses and just don't worry about it and move on to the next trade How do you manage your winners? So this is a good example here because you are in a good position. You're looking for 75. You're looking for 77 However, you don't want to be shaken out of this It was with this event coming up and it makes a big difference And it exactly So the main point is knowing always what to do if Stock or a position to say future reverses So when you're in a trade, you have to ask always yourself some questions The first one is okay now that I'm in a trade what is going to be my target? Second what is going to be my trailing stop third if something happens like out of the ordinary what I have to do how I have to get out if I have a We say a counter trend setup formula say a major stop for a news coming up where should bill out so This is very important because it explained the process that you have to keep When you're in a trade is not just like, you know, I have my entry that's it I forget about it. No, it's even when you're in a trade You have always to have a clear idea of what you're looking at Then in this case a good idea for example being that we see the stock is holding with the 90 may For example in the five minutes We could use that as a correct way to trail or simply having levels like Our lows so over here. We have a low then over here. We form another higher low and Then moving this along so when we form like dips in this case so fractals we can simply Look for those Levels now as risk. So now the trailing would be over here So if we have a dip and we start pushing we're still like inside the trade So we don't get out of the position until we don't crack. We don't breach our level, which is a relative low This is formed by a fractal Okay, it's very important how to react remember how to react because everything is working But when you have I would say something out of the ordinary Then you have to know exactly how to react Okay, this I learned during the years with I would say with with losses mostly So it's something that I'm teaching During the day so the traders can simply follow We say a correct way to trail manage their position. Okay, Bruce. Okay. Thank you, Joseph You welcome so we're approaching this 173 one of the things that I want to put in clear right away is that When you have these levels of Liquidity in this case you can see that they they are stacked and every single Dollar number on seventy seventy one seventy two seventy three. Okay Sometimes will be every the most important every five dollar numbers or round our number Sometimes every dollar number What you have to do traders is look at how the price reacts at those levels For example, I can take over here the first one and then we can even zoom in if you want I can take over here the first one. You say we break and then we hold it, right? And then I can see over here Second one or actually this is the second one We reject we hold we break it. We break it. We hold we push it. So every single one of these Forms a kind of small consolidation and it simply starts holding and Pushing more so this factor over here This means I demand we have a high demand for this We have buyers stepping in this is totally bullish. So when you see something like this, I never looked to short I'm not looking to short something like this This is actually super strong and bullish Okay, I'm saying this because every single time there's something in this market was getting up Traders tend to short it. Don't do it. Okay can be a double short edge Let's see also here. We have this morning Amazon so in good work and that's it We can spot over here Amazon one second But then I want to go back on Tesla because this is the one that are really moving There we go. So Amazon is breaking and holding the Sorry broke and now it's holding the previous day high So we have another big potential mover Nice trend break over here But now we missed out the timing, right? You want to long into the dips. This is a nice Bull flag formation or we can even see over here Triangle pattern break out volume pushing So, yeah A nice nice play. Let me see this readers on on a one-minute chart here Nice bullish play Okay, let's go back to Tesla There we go still up trending we can put you in the times and sales traders over here. I often use it If you want to have it to go in times and sales, you can see the order passing I will simply filter this so we'll put minimum size In this case 999 I want to see the big Orders passing so I'm not really interested, you know by 50 shares, right? I know we can be aggregation of algorithms. So passing Lots of what I just wanted to but in this case you want to see the big players over here And today we have a lot of volume a lot of volume I know some traders will look at the day they are and you can see here this way We said before we spot first the break out, right? And then you wait for a pullback Once it pullbacks it forms a new level of hill equity Even over here when it broke the 175 172 and 50, sorry a pullback support pullback a second time support This is what I'm looking until I see this stair step up pattern one two three I know we have bars in This is simply amazing. What an amazing way to look at the market wasn't 350 So making our laws Joseph another question for you. I know you're looking at 175 the bigger figure Yeah, compared to 174 I'm just looking at the daily chart and There seems to be like, you know over See, no, I'm sorry. It's not the daily chart Well, there's there's some on the 15 minute chart. You can see some from previous days Mm-hmm. A lot of well, you know volume trading up to a high somewhere around the 174 level Mm-hmm. Yeah, and in the in the volume profile, there's gonna be a lot of volume that trades within that area Absolutely, and would you like how would you manage your trade? With this scenario Good question So remember traders that when I'm running my charts I'm using also volume profile to see where the high volume where the highest volume was traded Or in the previous weeks or months and that gives you I would say detailed information what to expect Now in this case, we're approaching the 174 we said that 177 target because that's the relative high of the period but of course 174 we expect some sellers jumping in So when I'm in a position and I'm looking at this kind of resistance over here 174 I may scale out if I start seeing a lower low breakdown But the why is I don't want to simply sell sell sell because maybe this today is gonna be the breakout of 180 We don't know that right so you don't want to scale out so many times And then for example, we get to the 175 which is our target and we have 10% left So we need to see in my opinion How to how the price reacts at a certain level So right now this is what we said is that we are forming over here higher lows and our highs we can Plot our levels of higher lows so over here we'll put these So right now the last high low is 171 so two points away From this moving. It's a little bit too far, right? We don't want to give back two dollars over here We can see that we have two other our lows. This is a not one and Then another one over here. So we can do it simply this Trail half of what we have if we break 172 and 50 Which was this previous support over here on book map you can spot it over here In the remaining part we can trail it if you break the 172 171 and 90 to the downside Rather than this we're gonna hold this we're gonna hold with patience Because we're still grinding with the 90 may Still grinding with higher low. So we have a potential big mover for the day Yeah, it's always a question with the big Momentum moves like this. I mean look at how strong it is and that nine EMA that you have And and stay with it Yeah, absolutely Because look over here Bruce if we had to scale out because it's part of the system skilling out But you know by skilling out you reduce also your profit factor for the day Over here. This is a beautiful daily break out Beautiful pullback. Everything is there. This is the setup. We want to this is the major setup of the day so We are covering this all morning We have a pedal like this. We need to hold it because these runs Don't happen every day. So when they happen, we have to take advantage and that's how you get those Multiple are return per trade so that we have you know Other losses stop loss. This simply pays for them and more So this is one consideration that I I really like to do for traders over here So we're attempting the 174 multiple times What I'm looking right now is or a stuffing to the 174 so I'm looking for this If I have to get out at that level as we said 172 and 50 or Better, I would like to see this 174 Consolidation and then push the upside so a potential I would say break and move So the upside I want to check one second over here MD Okay, we're here Nothing for now and video because we had these as a good movers yesterday Let's see over here also Google Was another good mover yesterday Google for now week Let's also put meta and have my basket of stocks every day that I go over into Joseph on like you had just mentioned That this is the setup that you're looking for and they don't come along all the time Do you ever Really get aggressive and scale in quite a bit on on Setups like this, or do you just keep it very very consistent always looking for the same? There's two two schools on that Yeah, and and The ladder, you know keeping it always consistent. I imagine will give you much more kind of a consistent results Mm-hmm Yeah, what I can tell you Bruce is that whenever I don't stick to the playbook and the strategy I am not trading anymore. I would say good So in order to have a high win rate and a high return on these setups I must have followed always my playbook So I forget everything else that is doing mark that market is doing and I always wait and only wait for those a plus setups These setups I tracked them and back test them for a long time So I know exactly what I have to expect what should I expect? How I need to enter what I need to see for me to enter the tree if I don't have setups that are totally 100% like How I want I don't treat him the fact of I Would say if I miss a good your question is adding So out of the money for a position. No, I prefer to wait the perfect timing of my entry have the certain level the certain entry one main trade and get it from there if You see the majority of the traders the they come out from From the room are traders that know exactly what they want to trade. They know exactly the system They know exactly that they're gonna trade one entry Maximum two, let's say they have an ad but you can see these trades over here. They were all with one entry One entry that is what you want to do Sculpting or adding is good. I had traders that You know, they recycle a lot the scalp also as well But you know, I prefer this kind of trading for me You can see Bruce over here that for now rejected 174 and if we look at the five-minute chart We had one two three four five six seven eight consecutive Bars with higher lows. Now. This is the first bar that is breaking down the previous low This is the first bar, right So this is I look at these things and look if we're gonna Feel over here this and it's gonna unwind a little bit more What a nice move three points and fifty on This and again traders if you have a small account and you say why I cannot treat Tesla. No, you can trade options Actually options are very cheap There's a little bit to study in order to manage them correctly, but that's an amazing asset to trade All right, now, let's look that Removal the liquidity that that one three seven three and fifty aggressive buyers stepping in just right now look over here aggressive buyers We start seeing over here a break of that one seven three fifty and right away now. They're sold off So first day they remove this liquidity. You can see over here We had thirty thousand over here. They stepped in broke the one seven three and sixty one seven three and fifty and now Once we see that they cannot hold that they're sort of like dumping so in this case We have our trail near here one seven two and fifty We can decide to move this For half of the position that we have left At this previous relative low I prefer to have relative lows just out of the 90 may so like one seven two and sixty But in this case, this is a good move so we can take off over here and then Use the second half for this level one seventy three, so we're dipping below the Key level that we have because this was an important level one seventy three You can see that we're dipping below this level here levels over here in bookmark are working extremely good now Supports are gonna be one seventy two and fifty this area here. We're also we have the 90 may so I'm watching for The next year over here Let's see if they're gonna hold the one seventy three or start rejecting it was 73. That's the main difference Let's start looking also over here on the times and sales Which order are passing into resistance because that's extremely important with bookmark. You don't only want to look at The level but how we rack at the level so you see that once we're touching the one seventy three We start having sellers. So look at the tape over here. It's essentially red, right? And you can see that we're getting far and far from that one seventy three So I start looking over here if we have main sellers or main buyers Okay So look at how the how we react at a certain level and now as a man as I said main target for me is one seventy two and fifty So over here I want to revisit using the 90 may no nice support formation over here Nice support formation I'm not looking to add over here though Because my support is one seventy two and fifty technically on the chart So I'm considered over here as a support I like this but it's not the key level for me to add to the position You're approaching one seventy three again. This is an important here as we said before and now we see that They actually over here have been spoofing, right? So the order that we had over here use order at this one seventy two and eighty five Cancelled they're buying up again over here. We have some liquidity here stack one seventy three and fifty Simply waiting over here traders We like to see today Bruce this one seventy five This is a time trader that you simply have to wait. There's no setup over here Okay, we're still you have to look at the bigger picture. We're still forming on a five minute chart higher lows in our highs Okay So we don't have over here to bail out from the trade get out We still have this one seventy two and fifty as a key area of support Now we're approaching that support. They want to look over here The one seventy two and fifty also want to check one of the stock that we tried to show this morning e-pal We're in from this level over here to seventy five There we go one seventy two and fifty Tesla and we're breaking down here. This is the level Let's look over here like one seventy two and fifty So in order to hold the trade the remaining part the less twenty five percent We want to reclaim the one seventy two and fifty consolidated and push Below the slab over here one seventy two and thirty five. We'll get out Small bounce for now one seventy two and fifty one seventy two and forty formula a bit of support They still didn't create any wall of buyers over here. You can see it's very still very a small liquid area one seventy two and forty On the one minute we form a lower high or lower low That's twenty five thirty cents bounce here So let's continue and we're going to use that one seventy two and sixty Now as our new Micro support and moving our trailing At the one seventy two and forty So now we have a micro support over here one seventy two and sixty We have a resistance one seventy two and seventy five Zoom out because you're looking at the bigger picture And you see that we want to hold this level here They need to re-grab. They need to reclaim this one seventy three here over here. Okay, if we want to think now That we have a possibility to go back up This is our level where we're gonna Stop out below here Nice reclaim one seventy three now. Okay, now we can Look because we're breaking the trend line We can look again for a push to one seventy four There we go one seventy three and fifty. You can see buyers step in Now look over here at the times and sales Some liquidity stack one seventy three and fifty. We have to clear that So I want to see a break over here consolidation and push Some seller joining from one seventy three and fifty Trader we have the last few minutes together any questions bruce any questions around Let's see here. I'm not really uh da that's it's a stock. We're looking at tesla. We're not looking at a currency um No, I think I think we're all good uh, joseph maybe outline a little bit on I just love your trade management uh in the scenarios you go through Uh, so the the one seventy two fifty And you were looking for support there So what would it look like for you to exit so Only if now we break the one seventy two forty I will get out because Essentially that one seventy two forty one seventy two fifty one seventy two sixty is where is the area of the ninety may on a five minutes And that has been the guide all morning We can see also that Before Like around 10 30 10 45. So this time over here We had this zone that was the first time rejection And then over here was a bounce So over here We had a breakdown So we were risking just a few cents to see how it reacts over here because often they will do that they will break And then reclaim just like they did over here, right? So they broke and then they fail Uh, so always look how they react to certain level If they're going to put more sellers above acting as a resistance well of sellers or they're simply going to reclaim Consolidant then push So that's you know the the perfect Uh spot in my opinion using this ninety man the five minutes to trail your your stock So you're looking for basically the retest and then it The retest to the downside and then if it starts to hit that with maybe Down to a certain price level you exit Exactly okay Oh great stuff Thank you buddy Well, you've been doing it for years and you're an expert at it. I always always mention Go over to Jay traders room for the For basically the two most important things in trading number one Know if you have an edge and how to build it Uh with all the back testing that you've done and then number two how to manage it Exactly So we spoke about traders today. This was a good Let's say 60 minutes And i'm gonna recap what we spoke about 60 minutes On tesla Explaining first of all the long from 170 to 174 We covered Volume we covered over here how to How to spot fake or rail breakouts how to look for morning reversals And how to use key levels for your profit targets In your trading We also went on risk management, okay So this is for me a very good day. We were lucky to have this So glad that tesla gave us this daily breakout generally when we have uh wednesday we have fomscs Or I believe what was cpi. I don't I think fmc is always And you know, maybe that's like around 2 30 new york time So the market simply like sleeps in the first hours, but today we had a very very good volatility Yep. Yep. Great. Great stuff. No other questions Do you have more question bruce? No, no, no other questions joseph. Uh, I think we're uh, we're good Look over here. We held again that 172 and 50 again It's making lower highs lower lows though on a very short time frame, but until we have this level over here We're gonna be safe We're gonna be safe not adding not scaling out. We're gonna hold with that So ideally Is gonna pay off Okay, so I've put your contact information In the chat a few times. So if if anyone's interested in reaching out to joseph Go to jtrader.co I'll put it in again here. You can just click on the link and go to it and you'll see it there also in discord At this point bruce is holding the support over here Forming possible over here double bottom at this level If you break the 173 and 50 we have potential 174 and higher so Let's see over here Traders Follow today. This will be very interesting Okay, this level All right, uh bruce, I think we can wrap it up over here. What do you think? Yeah? Yeah, sounds great No, great great trading joseph. Uh always uh always enlightening over here Thank you very much, buddy. Pleasure over here to being over here with you with you traders See you all Next week again, reach out if you need help and good luck for your trading. Thank you very much Bye. Bye