 Good morning traders and happy new year to you all. Welcome to the Live Advanced Bookmap webinar. We've got Jay Trader joining us today, a professional stocks trader. This live session is part of our free education here at Bookmap. These webinars with Joseph are held every Wednesday at around 10am. These sessions give you the opportunity to observe how professional trader use his bookmap in their decision making and trading process. So please feel free to ask questions either in the YouTube chat or in the Advanced Webinar Discord Text Channel. So before we jump to the live analysis with Jay Trader, there's just a couple of things to cover. You can find out more about Joseph on his website, jtrader.co and you can connect with him on Twitter at jtraderco. And the 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 and the risk disclosure. Trading futures equities and digital currencies involve substantial risk of loss that 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. Joseph, I see your... Good morning Sam. Good morning. How are you? Good buddy. So welcome back. I heard Bruce is away so we're going to have a lesson today. Live streaming on some small caps. Also we'll see if we have volatility coming on Tesla which was one of the main gainers these days. What I'm looking right now is the price section today on VBOS. So it's spectacular just like yesterday's ASPR. So we're going to cover this. We're short also on CRKN. We're short on GERN which we're holding after we'll share some of the patterns. I've shared already in the discord book section a lot of these displays so you can see traders for who's part of the room. Executions, how we manage them. All right. So Sam, can you see my monitor over here? Book them up and scanner on the site. I've got you. You're good. Okay. Perfect. So what we're going to look for right now, traders, is VBOS. It's a stock essentially like yesterday, JSPR. So we're a stock with a very low price. So I'm going to start over here this morning, 0.70. Looking at this company, you can see a lot of parabolic move, right? So the last few days we started back again with stupor nova moves. I mean just look at yesterday, JSPR. So I'm going to explain how to trade these. I'm going to put it here, one minute chart, five minutes chart. You chart it, I use. Okay. So this was yesterday. We had an open over here, eight o'clock news coming out, first accumulation. And this is always happening in the big runners. So big runners, you start having an intra, a morning dip. Sometimes it's an entropy market. You have such a good dip over here. These levels will be often a free retracement will be a level of VWAP. And I double check this level with book map. So my point over here is I start looking for a first push. Then I want to see some consolidation because happens that a lot of times I missed this, right? I do analysis, I research. And when I see this accumulation over here, I want to see certain pattern formation with book map. For example, I want to see an absorption. So I want to see over here that if we start to sell the price of simply holding and we start putting at a certain point high or low. So means that somebody down here is willing to accumulate. And that gives me right away the idea to start looking for a possible long. I do this, I look at the tape. So I know to read the tape pretty good, I would say. And then I look at the order of flow together. At a certain point we see the breakout. At this point now you see the volume coming in. Breakout traders, traders that think this will go like three, four. Actually, yes, they were right. And this is open 930. So I will give you over here a key, right? How to understand if these will run or not. The open is here 930. And it's all over here at the plant. 930 often in these small caps, right? We're talking about stocks with a very low market cap. They generally have a pop and fill the gate, right? So they just pop into that pre-market eye, didn't tend to fill. And this is a set of that I love to trade because essentially what I do is I enter short, okay? Once I see the bull trap. And then I simply look to manage the position for the thing. In the scenarios, JSPR, and we also look at VVOS today. So that is the main one to talk about. We have here the gate hold, right? So we hold over here. We push, we hold. And then we start like halting, halting, halting, halting. And you have to calculate the pre-market high is this level over here, okay? So we're going to put this level here. Now, as I said yesterday to my members, if we're going to fill back below the pre-market high, then we're going to have an unwind. Yesterday I showed it with Peter and some members over here. I covered partial. Then I saw this was not pushing anymore. I stopped over here for the remaining parts. And it didn't touch anything. So what we have here is this main halt, okay? This is where the halt opens and dips. And over here you can see that we go below this here. On Bookmap I could see over here absorption. So every single time they were selling, boom, somebody was selling, somebody was folding. Selling, somebody was folding. So that means absorption. Somebody that comes over there like refills, the bid, puts all the size. So when shorts, sellers are exhausted, imagine what we'll do. What will happen, okay? What will happen to us? They will simply look to, you know, push now because we don't have any more main sellers. So remember break of the pre-market high and retest consolidation and then. And eventually this is what happened yesterday. So went from an open over here around 130 till 370, 380. Made another push over here this morning pre-market. And now it's very weak. VVOS, this is the main one. And this is perfect. So I shared in the room how I treated this morning. I always got your members on this one. The point is the same. Okay. So we have a stock with 70 million float, 8 million float. So you cannot consider this a small float. But of course we have the news. We have over here the volume. It's a sub one. We at least started like a sub one, the other stock. Good. Let's also start to identify these as potential squeeze and how stocks, right? When you have like $1 stock volume comes, you know what happens. So remember before we had JSPR. Okay. I'm going to try to go over this one second again. We had over here. Okay. Okay. This is your, oh, this is your first consolidation, which is actually accumulation. Okay. In general, this will be near the VWAP. It could be a 90 minute and a five minute charge. So we have this pattern over here. And then this pattern starts to run. Okay. So this is the first one that happens post over here. This morning we had VVOS. So we're studying so the structure, right? Of the plane. You can see over here a first push and same pattern of accumulation. And it's exactly the same thing of yesterday. Right? So over here again, we have consolidation and accumulation. Now a lot of speakers will ask, how do you see if it's a convolution distribution? Well, that's the reason why I teach over here how to read over the flow. As I said, through all the flow and tape, identify very, very good. If they're absorbing or they're selling, so they're distributing. In this case, you see over here, we have a push fails over here at 30. So back over here at 30. And I mean, everybody can see over here traders, right? Everybody can see that this is the main support over here. And they're starts simply to vine, right? I'm going to make like this. So over here we have a liquidity area, demand. I mean, this is simply sick. Look at this thing over here. It comes down one, two, three, four, five times. Liquidity of demand over here. There's absorption. You can see when it doesn't support, by the way, they absorb and then they push back up. You know, here there's something to call stair step up, Pat. So they're guiding the price up. Is it clear, guys? Makes sense. And this is the confirmation that you actually, actually, sorry. See, using this tool. So I always say that, you know, you can look at charts loan is one thing. You can look at price, actual loan is one thing. You can look at order flow alone one thing. And many of these things won't give you like, you know, the right answer. But it's just putting things together when you have a confluence of signals. Then you have a higher degree of success for your strategy that you're going to trade. Okay. So in this case, what I say always strategies not formed by book map and a one minute chart. A strategy is formed by multiple factors. We speak, we spoke about these in the previous time. So I'm not going to repeat book map gives you an edge in understanding which are the levels that they may help you for your trading. Okay. So that's the main idea. If you have a question, simply reach out. There are some of it here. We'll read over here your commenters. So now I'm looking at DOS, BVOS. This morning, multiple hulls. You can see over here every single time that you see this small gap, it's a hull, it's an hull, it's an hull. First thing I do is go and check on a daily chart, you know, for those critical errors. Start looking if in the past we traded on BVOS days of high volume. Go back something like two years, you know, two years the most. I'm starting to go back and I will say we have our resistance. Well, this is very high at 535. We have another resistance at 350. I'm taking over here the levels where the high volume was traded, right? And then we're going to look for this. Yeah, the two major areas that I'm really interested in are 315 and 530. Look into the chart. So I'm looking at this big high volume day. Okay. I'm going to do like this. I'm going to start looking for this day over here. So I'm going to put it over here below. This is a day where we traded a lot of volume, right? And this is not reversed with stock. We traded over here something, 175 million volume. So I'm going to put it here multiple factors. This will be a key interesting area for me. I'm going to put over here the high. I'm going to put also here the close of this one. And of course, I suggest you do run even the volume profiling here to see which was the, you know, high volume nodes of the week. And then we have another high volume day. We would trade over here around 100 million volume. So I'm going to stay with this low $2. And we decide over here around 258. And then traders really only some technicals, but not high volume areas. We can see no high volume areas. We can put another resistance over here. We can put another resistance of 350. But I suggest you trace the levels where so those days, right? That we traded with high volume with a different color. So this day, all of these days over here, you're going to put these with a different color. Over here. And this level over here as well, because there's an importance, more importance on days where the volume was higher, of course. Right. So you're going to put that. And we'll also look here below the bar. All right. So if you have these trace, when this morning you're looking at, you know, we can put a five minutes charge in spine. When this morning you have these remember that two zero three, right? And two zero three is the daily level where we trade a lot of volume. So this opens exactly here. It opens. That's a pre market eye, right? We push. Fail. Showing the team over here to 20s. We need fives. Core parts over here. Health again and get out everything over here. So we actually hold this here. All right. So we have over here point one. Which is breakout. Then we have over here. To. Dip into high daily liquidity. And this ideally equity was confirmed by book map level. So you know that if you dip into something, there's a possibility of what about. And then over here we have what point three new highs. So that new highs over here what they're doing for holding holding daily. High liquidity. Equity. Supply there. Okay. And this is what you have to do. So once you know this. Is it like, you know, your, your plan. You can do even pre market this because you're written open markets. The, the levels that you're going to possibly have, right? Why do that? So find, find the levels. Then start looking. At price action. Patterns. Of course levels, right? Plus order flow. I would say order flow. And I like the idea over here. The now stock is extending. Strong. So all these areas that we have. This level, this level. This is a trend. Our use. Okay. Once we break them, our use like the support. If then we fail and start with Zach, maybe even afternoon, midday or day two. They could be good level for, you know, re entering short. Okay. This is it. This is VVOS today. Once you know here by section three of this curling. We have a spread right now. Okay. Now it's press reduce. So they're trying to tag the $3 area. See, right? They held basically a 258, which is the daily level. I'm going to zoom in on here, the price section. I don't short over here, something like this. The only way I was short is I see a push three or under. Fake out that in. Not before having a confirmation somebody strapped. We decided we're going to stock to 90 to 91. You see that there's a constant buying pressure and there's a constant sounding over here. And that's the reason why we need to see a direction. Okay. One of the two scenario that starts working or this for a longer this case or for a short. Now, I will never longer. We hear the breakout read the longest on the dips. So I really canceled that by my plan. I'm looking over here for ideally that pop in field three and then we'll see. Basically over here stopped a couple of times. So we should see a possible wash. So looking at that bid. Okay. If you look over here, this bid to 80 to 80 now went by chances over here for a small wash to 65 to 60. Let's see. And this seems like boring, but essentially what I suggest to you and just like. Tell you, but try to do it to hear wash. So can push. Record your screen when you trade. Little two times in sales or the flow. And. Not the day after. A couple of days later, when you don't remember anymore, the price action. Just look to retreat it. And then go check back the tape in that moment. How it performed when I say tape in this case, I mean, it's over the flow level to a ton of sales together. And look at those levels. Let's say $3 number. Or where we have the bebop or where the daily resistance or where the market high, how the price rejected or bounce. So how the price reacted. Okay. So it's not that you're looking over here through the flow, every single dot, every single print. I don't care. I don't do like that this morning. We post over here also on. In the room. But we took the shorter tops here can show the top turn. Short on Tesla. Short top us and then covering the money. So we had four and four. And it's almost like. All of the patients. Same. Yes. Based on patients, based on discipline and based on a structural process. So put all the pieces together. And you find those levels you can trade. When you see those things that give you confirmation. Okay. When you see one of the two sides strapped. Okay. Then you can start like really low in both. So here another break on to 80. Now they're just like pushing break down to 80. The stock traded this morning. 56 million. The float is 17. So yeah, we are like three plus flow rotation. Meanwhile, Jordan is working. Good. We thought this is a 273 to 74. This morning we traded also. Yeah. Jern. If we have time and covered later. This was a master one for us. And CRKN from the pre-market. We traded Tesla one time for scalp. His job. Not really paying attention to much to it. We have anything else. On the scan, please alert. You can see traders again, 273. Dipped volume cane. Then pushing it back to 90. If you start looking at. And the way. Okay. The structure is simple. You'll find. You will trade this. You'll have like loss over loss. Wait your moment. Now we're in that three. Good. Let's wait for that bull trap over here. And then. If that bull trap comes, we're going to take it. Okay. So really. Pinpoints. You have to be a sniper with your entries. So we're looking at this. Right. So you're going to see something like. This ideally. All right. If this happens, good. There's an app. No problem. Scenario over here. Extension play. This was a real trap. Did like a rule from playbook. Meanwhile, we're here pushing. Yes. Pushing Tesla. Again, 25. So four times that level. Actually more. Even before. Just patients over here. See if we can manage that trade. We're creating a small here. Both like, right. Again, not a dip. So we are. Six dip over here. The same price. Refilling to 75 again. So let's check one second. The status rate is. Stats over here. I mean. What the stock did in the past, right? Or stats. Let's say my performance. I use. Somebody asked me to sink. Over here. Stats for. This talk. It's important because I want to look over here. What had happened in the past. So the volume here is pretty high. I'm going to put over here. Something like. Put more than 5 million. And even here. If you look at the stats of five years ago. Supposedly the stock was around five years ago. They're not the same as right now. My. Changes. Okay. So different scenario. Different microstructure. So let's keep it only the first two years. Okay. The last two years. Last year. So here we hold down to 69. Then we'll see if they open. They dip and kind of push again at $3. We had two times over here. This gap above 20% with at least 5 million volume. One time close red. One time close green. Extension ever is just 18%. Ever is have a date 1047. I want to check these over here. Let's filter. Let's see those days. That's about 20. And let's put over here. Volume around. Yeah. 5 million. I would say. When I focus on the high volume base, right. They went over now. Change. No, I would not need it. If you're working for either. Let's let's look over here. The stats. So here we have in this case three days. This is 2020. Let's see how the stock reformed. So 930. With an extension play. 10. So at 10 o'clock over here with an extension play. Fake out the pre-market high and then simply fade all the way down. But here we're already 1045. We're already 1045. We're already 1045. So different kind of stock. Dead day. So we traded one of the two million. Actually, sorry. 50 million. Then here we treated 172 million volume on the A 23. We had a. Morning squeeze. This is a nice bear trap over here. My pleasure to push to the $7. Midday over here. With all the money. We had a lot of money. We had a lot of money. We had a lot of money. With all by distribution. Squeeze again at the end of the day. Power over here. So I probably had to get out. And then faded. So over here again we had a fail before 10 o'clock. Actually before 1030. Last one was this. So this year, January 19. Traded one of the two million volume. Stock open week. And never to claim over here the pre-market high. high high so every single one is a higher high low and lower high or high boom lower low and faded good good so let's see if we have anything else popping up elux very small volume over here I was simply stay away from foreign to K or the K volume returning during today already 79 million this was I think above 22 million for the market tops is another one that could be interesting so we're maybe gonna keep an eye on tops for now we are see CKR and Jaren still holding we'll show this raising it tonight on welcome up with a team and the viewer has this way over here these are the chains and negative states we can see small cap loser large cap gainers and losers but here actually this is wrong this is gainers so you can see I use very simple filter right okay this morning we have DC food to yeah we have a lot of Chinese company they are getting up we have Baba today makes extending let's check Baba one of the slog that I I used to trade a lot Baba lately been focusing so much for big caps for Amazon meantime hasn't simply every day as they are playing pretty good as I want at the little top over here we could simply see if we can push this 100 and take the rejection over here on a soak go back on boss okay boss open over here so let's see another one is gonna push you can see we're bouncing again from the 265 269 which was the previous resistance previous for sorry and to trade this short I will stay only with the three fake out that's it nothing else right personally it was they only read that as a high of day again testing the slow to 60 to paper here half it again all right let's change one let's put right now journey so it's seen over here this morning the team being on journey and we have a stock with a high institution ownership this is one of the elementary students over here how he's treated so we added four fake out and come down so a lot of traders asked me jay why using over here book map okay again there are few things over here to understand traders okay so I'm sharing over here some things about mentoring student and also this over here I'm gonna share because of the mentoring over here by me today so the point is and this is here okay the first thing is the analyze your daily chart right so you go to the daily course you have to know the type of structure the market is doing right now and the pattern they're forming based on stats that you did could be a gap in crap could be a gap in go could be a gap down could be a gap up day 2 day 3 so multiple course you need to know the price action how it works so read manipulation read the tape read order the phone this morning was pretty pretty easy as set up that I explained yesterday I mean was super super damn easy and I'm saying this because I want to convince anybody I don't give up I'm just saying what really pays and I see that paying for the truth that I'm that I'm mentoring so yesterday we had three other set up that were so similar to this right and I'm going I'm trying to find them a second so I'm going over here the and I'm going to explain why what happened so one was this one as SMS GM basically like JSPR okay so we saw over here a clear dump we're looking at bookmouth as well can can fall the way down perfect this one didn't work so this one over here was the same set up scenario but in this case had a double push-off bite this one was and we're gonna cover what we saw in book right RSLS so the trade over here shorted shorter more covered after the main fake our shorter cover cover adding to the position over here risking the 20 came down exit everything but you can see is a stock that's holds over here by 10 o'clock the open level it's hard that there's gonna be a failure right by stats of something is only by 10 30 the open level 50% only is gonna be a failure especially if he has different stats then we had this this setup so you can see the timing right this we sure yesterday the timing and ATF so if you look at it enough yesterday and you look at let's say over here we're gonna put it here it's the same exact thing okay high move I was extended how it came blah blah and $4 was the level we're watching because we always look at the hold on number so who's saying that hold on numbers have no importance you probably doesn't know what is missing $4 alone mean nothing but with $4 with more confluence father patterns definitely they will give you an edge we're here with a structure of resistance for so I'm not tempting over here to enter I said through I am a man for student here to wait and then on this push you can see the big catalyst we are 420 so big seller drop it we short over here and easy to now just holding you know cover here 15% another 15% 20% 20% now sold the one turn sorry the one on CRK and I think this was a it was very very simple think like I don't know four or five members took this let's see yeah this was a dog that almost everybody took mean came up looking at the daily level we're watching at 1 10 right so you know the day level that we're sending for watching at 110 and over here we had all right you can see over here stock is running because running is running for running high volume and just just don't look all these all these big heat maps over here you will get confused so you wait for the day level you want to see at this point when you get to the whole near the day level dollar how the price reacts right and you want to see once we get over here beyond that level okay this case never got because the level was one so you want to see how it gets near or beyond that level you want to see beyond it let how it reacts seller jump in we're simply consolidate long and start to push back more over here you can see once we found that level 095 we start making highs and you know big seller jumped in and that was boom confirmation member took it over here member took it over here so we simply said okay now I'm gonna cover small actually I like this straight over here because it's simply still full side position and we're holding for the main field okay so we're looking for 020 025 the good point is that we never find we hear any more buyers so long-term trapped simply fading our steer step down pattern so when you see remember all these liquidity area they're at the top right this call steer step down pattern I call it like that and so if you want to talk with me use those desserts all right let's go back over here to our play let's look at DVOS so now to 35 no help me to get traders all morning like that all day we have over here a stock that is starting to extend and we have a lot of stuff that extend lately so we have yes the AT&F RSLS JSPR and SGM something like that he looks today right so a lot of stuff there are extending first of all I want to see what is this he looks I think I trained in the past probably should be something about I don't know he be he looks something about that as you're right let's see maybe I'm wrong so we have here which kind of company he looks pharmaceutical so no Breven Clay ask him later drug candidates so about RNA and DNA so they're working on that functional protein so right now this morning they have unused let's say first stock split on the first and what we have lately all these reverse splits are so less if I remember correctly as it was that they tend to they tend to run okay there's something in the misunderstanding here the flow becomes very small and it runs with very low volume and everybody sees these are gappers they think wow this is something that is on and they start to run financially the company over here you know there's not really much important to know a stock the reverse split over here financial financial is is not really you know the best stock to buy for real ones outing no revenues negative net income we already can see that play a little bit with the stats today I want to put over here you know some basic basic stats right now that these stats will will show me what we have on on today but I want indication so no stats over here in the past and put over here in the daily chart as well so we never had over here high volume training the past a just technical resistance 473 and a gap field over here a little bit higher at 550 okay so I will be watching all the four what we said for 80 and 550 by 40 okay so elux for 80 or 550 to watch now we're gonna open this close baba oh that's so remember 100 you know put over here elux I love these stories through you know to look for a possible short we're gonna grapple so we're hearing up we don't need this more I'm in another short we have to pre-market call a multi-day run over the need right now he looks over here okay so we have to be pretty say disciplined we have to look for that extension for 480 let's see how door to the floor and tape racks it for 80 and that's it of course you have to look at it's hard to borrow the gentlemen these are all hard to borrow if you broke it has them so it's starting to top over here into this 480 470 450 okay you can see it's a little bit later over here very small volume for now we have an average in the last 15-20 minutes of around 55-60k we have a couple of questions from chat Joseph yeah of course meanwhile we're made over here for you know our stocks of course Jonathan is asking what broker do you use to short so you can reach out to DM but I can tell you that we're working with two great brokers one is two zero one is Cobra so there are many brokers out there that allow you to have hard to borrow stocks so for this you have to reserve the bars okay so there's just like a window you go there it's morning you ask the bars you pay them and then you can trade them I don't trade only short we don't trade only short but we all trade a lot of longs small caps big caps also options and futures those are two of the of the great brokers in case you need results and we can talk about more great thank you and Barbosa is asking your thoughts on Carla huh that's a good question okay okay okay I like this question who is this who is who asked uh Barbosa okay so let's see Calla over here I need to first of all explain a few things about Calla Calla's readers from what I've seen the last days looks like something remember Elfin or ECYT it just looks so much similar to this here uh this is the daily chart right so we had one day second day third day came down right looked like an inside bar over here but actually it's not uh it dipped yesterday I was telling everyone 29 that's a very important level it's a fib level or at least with fib level uh we had also booked them over here now I counted because I didn't trade today I did it only this day over here we showed it 40 and Cobra 31 all the other days over here they treated now if you break 45 where there's a potential over here and just like Elfin you know you see that parabolic movement this will trap still shorts I know some shorts that are really underwater here so they're holding from the the low 20s and let me just tell you over here that when you trade stocks like this uh very high volume day one day two don't try to find them until they broke a certain level uh generally this level is wait for the first red day or you know wait for a fake out instead of here what happens in each bar we open and push we open dip and push we open dip and push over here we have like a doge you know seems like those uh those candle sticks in this case should have been up like evening star or abandon baby over here you say we have the low so this is more like accumulation play and now it's breaking this up if this finds break of 45 with volume you can still run I wouldn't touch over here short I will only look to buy dips until I have a crack on this and we can put a 50 minutes or try to use a a bigger time frame like a 15 30 minutes okay this is it and what I was looking this morning was this look put this high to actually this low we're gonna do like this all right now okay here you see over here guys exactly where we have the dip 50 fit level that's the reason why I was saying it's a very big support over here my level I was saying yesterday was 29 this we held it this morning we broke that and everybody was in a gap down we would like a blind over here right important to use the fifths that's 50% over here and basically killing traders it's basically killing traders because uh the main points where you bounce right when you're long let's say you bounce you're going to be a 78 61 and 50 percent now to have a short with what I've needed this instead we have a dip and consolidation and push so 46 for a fake out fail or a break of 46 consolidation move to 70 and that's the main point of me today on on call it personally not touching for now just waiting for the 46 personally and it's something that I will tell to beginners to avoid the main point for me is really risk management on this risk management you want to see anybody in a couple of days that you know is is losing big on this so our friend over here he looks what happened you know trade you can see one thing where sellers came guys just look over here where sellers came so if you have a plan and you start seeing this because there we here we go up so we have our lows our lows our lows and then side was actually by this way so we start having over here our lows our lows our lows our lows our lows lower low lower high so the trend over here breaks now we're getting over here we're high our low contraction over here we started seeing some patterns of selling pressure you can see over here and then when it breaks the support for 20 boom drops so we are looking for that 480 came 470 here no trade miss it's fine we're gonna survive you cannot eat all the cakes right let's go back over here see b.o.s so still holding over here to 30 tesla we're here for the nothing at least for me now adjourn simply holding where havers are wrong for he looks nothing crkn average over here in the 090s so we're holding see if we have anything on the scanners sam any other questions yeah i've got i've got one of my own um earlier you you were looking at crkn when you're doing the trade reviews and you're talking about the order from the stair step pattern down and and how the the confirmation with the large liquidity entering the book on the offer um what what would you expect to see in in the opposite scenario if this was going to push higher so so in the in terms of the order flow what don't you want to be looking for for your short position okay so first of all i want to see i don't want to see let's say for long i want to see a ton of absorption so if let's say we start short here and then we add over here short i want to see something this level over here for long that is absorbing so i want to see fake breakdown reclaiming fake breakdown reclaiming and i want to start seeing higher lows over here and a reclaim of a previous resistance this gives me okay now we had a fake breakdown over here it's reclaiming the previous level is maybe even consolidate okay then i'm looking to start longing here and looking for more for example when we traded iccm or icmm i don't remember right now but like 10 days ago the long that i took were basically like this so i waited for the pullback consolidation like we saw on the vos and then i started looking for that absorption uh we had a fake breakdown of the vwap so you saw exactly this we had a fail over here a big liquidity error came up started consulting about boom got the long just before the push and we got something like we got the morning push in this that is what i like to see when i'm longing something okay so this of course is a high liquidity stock we're not looking to really buy the dips you know in accumulation we're looking to buy more a pullback while the stock is already trending before sam if we have no more question today we can wrap it up over here i mean it's almost 11 30 limit early but i think we call it a moderate thing what do you think yep sure no that was a really insightful really good thank you you're welcome so thank you traders for being over here today with us reach out to sam me put a like if i mean just put a like over here if you like the way we covered this is basically free for you so it helped us to prepare the material our time they voted for making traders more knowledgeable and thanks sam for being over here great host buddy thank you next week and happy new year again to everybody of you yep thank you joseph and and guys if you want to hear more from jtrader make sure you check out his website jtrader.co and i'll see you all tomorrow at the same time for another webinar take care