 All right traders welcome them back to the book map pro trader webinar series My name is Josh Levitan and first and foremost might I thank the fun folks at book map today for allowing me to be on their platform Bruce and Dan specifically so Actually might I say alongside them Fausto put Lisa getting the hot tag from Fausto this afternoon to do this workshop in his Replacement here from Cybertrading University. So actually I have a lot of our students joining us here Whether it be on YouTube or part of our discord as well book maps discord channel specifically so great to see all of us here Collectively let's hop right into the thick of things here because you know Hey, we've been in a bit of a choppy market this afternoon thus far But there's been plenty of action a lot of different stocks that you know We'll look we'll look to cover using book maps heat map and various tools that come along with it So you know hey for anyone unfamiliar with myself at least once again My name is Josh Levitan. I'm the senior instructor alongside Fausto Puglisi at Cybertrading University I have nearly 10 years of trading experience. I've been with Fausto since October of 2014 So, you know for those that have been around the market for a number of years 10 20 30 plus years that might not sound like a lot of experience numerically but Folks if you're doing the same exact strategy each and every day For years not for years on end, you know, it's not a jack of all trades. It's more so being a master of one craft I I've been honed in as a day trader So that allows me to focus in on shorter intraday moves and especially with using book map It's allowed me the chance to follow momentum to a much better degree Myself and Fausto we mainly focus on stocks that are more so active that are at the top or bottom Or I'm sorry that are at the top of the gainers list or the losers list might I say, you know coming off of good news bad news in between But otherwise, you know alongside those will tend to focus in on some of the more blue chip stocks stocks that can go with the market to a Great level stocks like AMD Tesla Coinbase among others. So throughout this webinar folks I hope you enjoy the following but we'll look to cover all ends from, you know Inexpensive small caps to the larger cap stocks out there quick little risk or actually first actually before anything You can look to follow us at cyber trading you right there at cyber trading you on all of our social media streams and platforms We'll look to invite you inside our live trading room just at the very end of this webinar So stay tuned again a lot to cover here over the next 50 to 60 minutes But with that said little risk disclaimer here to begin all book map LTD materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations and along with that trading futures equities and digital currencies involves substantial risk of loss and is not Suitable for all investors past performance is not necessarily indicative of future results. So with that said Let's hop right into it folks if I can give me a quick sec here. There we go. All right Let's get this heat map up and running you may have actually seen beforehand I'll show it right now since it was showing to begin my butler bulldog logo actually a big fan of the college basketball team The butler bulldogs now with that in mind though, let's actually start off on a stock not from today But a stock from this past week a stock that I'm sure other educators that you know a part of this pro trader webinar series have covered of late C4 CCCC actually the name of it is C4 it rolls off the tongue a lot better So we'll stick with C4, but you know actually before this day on the 14th We were trading it trading at the date the day prior so this stock actually made an extreme move over time essentially from like Two bucks or so all the way up towards basically this peak here on the morning of the 14th So let me actually just briefly show my just trading platform if I may and they're just to show you the overall Regular chart and you could just see yeah back from last week this gapped up on a pre-market pre-market morning on the 12th Popped from like 182 180 ish up to 270 Now you know shook back down normally what makes the percent gainers list one day will make the losers list the next If it's not the next day trust me, you'll be the day after that so you know, it's not necessarily a swing trade It's more so a day trade So we'll look to jump in and out we'll cross the same day and hey if there's another opportunity the next morning in any Variation up or down, you know, we'll look to try and follow up with it So it's just easy to say from this morning the 12th into this morning here the 13th it exploded up higher So we did really well back on it on the 13th And then basically what we'll look to show and cover is what it happened on the following day this year's on the 14th Of last week Now really quick. I'm gonna just keep going through this chat board between YouTube and just the discord You know group, you know channel right right there So if there's any questions that pop up, certainly, I'll look to just try and field them as we go through But you know, otherwise the biggest thing that stands out to me on this heat map is more so just the Orders that are out here on the bid and they showed up shortly after 930 shortly after 10 a.m Eastern time and I don't have the data to go back on it I wasn't able to pull back from one day prior at least not in time for this workshop But you know actually this was a similar pattern to what we saw just the day prior So in terms of history looking to repeat itself, it's not something you can guarantee You know 100% of the time I do right But if you see the same pattern play out day over day And especially here this early in the morning where it's still decent time to be looking for an upward swing to follow Good momentum. Well, it's just to say that initially we started to see these limit buy orders show up right after 930 now oftentimes you'll tend to see these pop up and the stock will fall into the liquidity and We'll look to see that liquidity either hold and then we'll see the slingshot or over time It ends up breaking through all of it completely collapsing. That's it Well, it didn't either here. Actually what it did was it used You know traders at least used these orders as a secondary boost to where the stock just really needed those orders to push up from that point It didn't need to fill them more. So just use them as Support on the order book, you know, obviously on the bid side on the buy side of it So it's just to say after 930 after the first few minutes. We started to see it move up pretty well But here's where it gets pretty interesting, you know, these orders end up slowly getting pulled You know, you could tell it's some sort of algo that that's running it because more or less It's just slowly pulled here then here then here and it looks like although this sticks Just you could see the the liquidity that was here at 410 427 Etc move up on the order book Ended up getting placed at 480 485 here 5 bucks, etc So again the same type of patterns being played at played out where it continued to pop up another dollar dollar and a half nearly So it looks like a short amount of time has gone by to where it moves up then down again But hey, that's day trading, right? I mean, you know, I'm not a fan of just seeing this make a move within just one or two minutes But this took about 30 minutes actually it wasn't just an extreme short amount of time, you know This made it move up from 10 08 in the morning and hit its peak at 10 38 basically like right on the gun almost So about 30 minutes time and if you're a student of ours at cyber trading University, you know I see a few of us here actually like Brian. I see I see Bill Grant, etc I appreciate you folks joining us from our live trading room on bookmaps YouTube channel Actually about this for all this collectively be sure not to not just to subscribe to cyber trading you on YouTube But obviously hey if you're not subscribed yet to book map, you got to do your homework Make sure you're subscribed right to this channel here on book map Just click that red, you know button to subscribe right down below now here though ended up making that push and our students know That oftentimes will tend to see reversals kick in around this 10 30 time frame around 10 30 Mind you it could be before 10 30, but here it pushed up and up and up There wasn't a there wasn't a lot of liquidity on the sell side for it to break through nearly But it made a false breakout over eight dollars. You could say More of a ladder kicking in from the buy side again So even more volume on the bid Faust on myself called us a ladder on the bid just like we had earlier But over time this stock ended up running out of gas in the gas tank you know someone took their foot off the gas pedal the gas was taken out of the gas tank and Hey, that's what happens to a lot of these small cap equities where they make these overextended moves Well, the end result is what you see here ends up, you know, just kind of pulling back very sharply Oftentimes you'll tend to see them even get halted on the way down and that's even worse So if you're a new trader joining us here, it's just simply to say a It's not just book map that you need to keep your eyes out on which is the most important part of it But think about simplicity think about just following a general rule of thumb in terms of time Reversal reversal time around 10 15 10 30 or so so the more this pushes up you're expecting it But along with that given the time of the morning and that's where you should more so look to expect for this to begin To lose its momentum and not just with this move that we had on the 14th But hey, let's just factor in what we had on the 13th and the 12th Big trees fall hard, right? You know, I can go through a litany of different trades that you know worked out earlier this morning that are not working out right now You know, we had a stock earlier today. I cct actually looks like from Friday it popped You know popped again this morning, but then look at where it is now. It's a red candle. You know that thing tanked I think that there is another one if I'm not mistaken. I think it was IVVD Okay, this one had popped up pretty nicely still lingering near the high to a degree, but you know, again This will eventually fall off too. Let's actually dig into this just coming up next But more or less on this trade again The latter was what was allowing this trade to push up so nicely this stack of orders that were on the buy side And this was just from even the day before on the 13th into here the 14th But over time ended up coming back down today We tried to see the similar same thing happen in pre-market early. We had some liquidity on the bid Small orders popping up early and then after 930 or no, I think it was right here This is what we were saying you know inside our live trading room We were calling this out where more volume joined the buy side So that's actually a pretty strong signal to see possibly a similar run to what we had back from Thursday Friday last week Well, hey, we got to keep seeing support build or otherwise for this to just really pop and run this year's pre-market Still so it's just before the market opened up You know hey for any of our traders here that follows simply the VWOT price you would look for that to become support over time It's five dollars as a psychological level should be a price to follow and watch. I Don't know. I don't even have my volume dots enabled here. I just thought it was set to a high number Okay, I was gonna just even lower this number anyway See if there's any like larger liquidity to a level that's get that's getting filled We're gonna dig into these volume dots a lot further alongside that actually a nice add-on the Absorption indicator from book map. There's so many different tools that you could look to plug and play with here But actually a couple that I've been becoming more familiar with the absorption indicator a lot more so But a little bit here and there is you really good value in it the The market pulse right the market pulse indicator So, you know, we'll look to try and discuss those just throughout this webinar as well But more or less what happens here? Well, it tries to hold VWOT. It does. I mean it pops up a little bit higher from here Well, it pops up a little bit from here not higher though, right? So, you know, it tries to really break higher before 9 30. I typically just really quick for like a pre-market trade I normally don't look to hang and hold on going into 9 30 I'm typically out of my trades by 9 a.m. Or 9 10 a.m. Basically You want to give the stock a chance to breathe and relax? You want to give yourself a chance to breathe and relax? So, you know, that's basically my reasoning there But even after 9 30 part of our you know cyber clock as we teach in our you know classes Is that the first five minutes you normally don't trade as well You typically don't take any trades in the first three to five minutes You see some things play out. Maybe it pops actually and you could jump in shortly afterwards But you could tell instantly it drops it continues to break a little bit lower shortly after 9 35 so maybe at like, you know 10 15 10 30 reversal time perhaps that could be a better move, right? Well, here's 10 30 a little bit after so it's not a really strong down trend It's gonna be tough to catch a falling knife mind you So it's on a very steady and strong Down trend line off the highs of those candles there that you would see you have volume on the bid at 4 so that would be potential Support so it's a little bit after 10 30, but it starts to make that Starts to make that move up, right? Not too bad actually, you know, it's a general rule of thumb there that I'm bringing to you So it's not Specific where everyone's counting on their stopwatches up 10 30. That's the cyber trading rule No, it's a little bit before a little bit after but within that vicinity It prevents you from catching a falling knife like here at 450, you know Potentially you could find some support at 450 maybe but obviously a slash is right below it here New liquidity shows on the sell side and that that's just bad trouble to begin with but um, you know Just sticking with that generalize time the day rule around that 10 30 is a better area now There was a stock just before actually Truth be told you just see it here. I don't have it up on my book map even yet the IVVD this thing Well, hey to Bruce and Dan and to all this year, you know inside this chat right now on YouTube and discord It's easy to say but we just got to accept it as traders. You can't catch everything Really, I mean you can't take every trade on every stock that's moving out there You know, typically the way that myself and Fausto train our students is to just scan the market early with us but you know, otherwise Pick a list of two or three stocks really know more than that, you know, and then just prep up from there So what happens this IVV like obviously it took off obviously it popped Did this end up making like a really strong day trade move that we could have capitalized on? Well, looks like it did pretty much as soon as the market opened up and jump back to my 24 hour chart settings here So it looks like there was a little activity in pre-market there. I mean not really a whole lot very spotty Chart meaning like points of inactivity looking at this year. So that I'm not really a fan of but hey I didn't even look at the book map on this trade today. I had too many Was it irons in the fire or whatever they call it pizzas in the oven, whatever the catchphrase is the IVVD Did I have it here? Oh, I did I did. Oh my apologies. Wow. I thought I didn't have it up there Actually lose so many you have so many tickers up here. You could lose sight actually pardon me. I did have it up I barely remember what I have for breakfast. So, you know, if you could trust old Josh here I don't really recall what this heat map looked like going into 930 or shortly afterwards actually so Again very spotty graph. There's really no liquidity out there of any Respectable size when you look at this orange line, you might think that's a big level, but it's only 4,300 shares You know, that might be large for NVIDIA or Microsoft. I don't know. It's not large for this $2.60 little tiny stock So that's where after 930. What does happen here? Well actually pretty similar. Believe it or not to the C4 Looks like liquidity joins the buy side here about 10,000 16,000 here just at separate prices But over time that gives it a pretty strong Pretty strong push and it begins to pop So this is where we'll need to dig into this really like micro and go further into this with smaller liquidity What I mean by that is, you know, hey 10,000 shares I guess is pretty big for this type of stock now that it's 945 in the morning So let's see what happens here at $2.30 $2.30 cents Had about 11,000 shares popping up here suddenly But when you look at that type of volume out there at a small green level like that It's a little overwhelming throws you off I don't really like you know kind of having my bookmap I zoomed in like that Especially for a stock that doesn't have like strong orders out there at the time But what you do see is obviously here even you could see a little orange coming up It breaks over and through that orange line So IVVD broke through that liquidity, but what actually draws my eye is not necessarily that I mean it all represents the same thing breaking through Liquidity from the ask right and you would call that buying pressure at the time as it's moving up What sticks out to me more is actually these two columns here The chart volume profile the end the Delta column here collectively So that is really where you're beginning to see this kind of show a Stark difference between the volume traded at $2.30 versus the volume traded at 223, 220, etc That to me is a lot more telling so You know much like we train our students like Grant and Bill inside the YouTube chat right now our students from Cybertrading University You know hey, it's just to say what happens when a stock breaks through a big level You know what we should be getting shortly after right? It's pretty generalized But we should be getting a big move shortly after so that could indicate a false breakout too like a full-fledged reversal Should it snap back under this area? but it pops up and runs right away and What you just saw before is what I'm going to get to next but simply put When a stock breaks over big resistance and it runs off of it and it breaks through a big level and it runs off of it You'd like to think that resistance should initially become support should so hey Right down to the to the level right on the kisser bounces right back up So hey simple charting principles playing out on this heat map here So let's just say if you're a new trader joining us or let's say if you're an experienced trader That's new to book map. Just realize I mean you can't just rely on basic charting principles You need the heat map in order to identify where these levels Originate from but you just also need to have them in the back of your head You know when you're kind of thinking this could be a bit overwhelming at times at first It really is the the core concepts that could hold you into a trade or that could Get you into a trade if you had missed out at first You know breaks above this liquidity and runs all right Well, if you're not in from there if you missed it, hey, you have a chance right here It gives you a little volume joins the buy side immediately after about 7,900 shares 8,000 shares there All right So really quick folks just for all of a sudden YouTube all of a sudden discord right now Just let me know really quick if you have any questions They're popping up right now if you do let me know just to keep my eye on as we go through But you know otherwise obviously this continues to go up. So What happens here all together is there more of a ladder that kicks in You can't really see it too deep. It's not really too Strong if anything so it's not as much a ladder. It's just at this point This thing is definitely just pushing up from continued interest from buyers that are just jumping in perhaps Whether it be at market or just breaking through the limit sell liquidity that's out there You're getting that better push so in terms of timing of the day Hey, oh 10 30 is that the time where this will begin to pull back? Well, let's just tell you the story of what happened afterwards, but I Mean it does come back up here Don't get me wrong But for as much as it sharply pops after 10 a.m. The more it goes up in a smaller amount of time You should be inclined to think it's gonna drop or pull back or lose momentum to a degree So I don't think that's got halted even you definitely see a lot different of a picture if it did But you know continues to move up very nicely at least on its own and from there one thing I could just tell you is that hey you have some volume on the sell side here five But the more and more a stock pushes up you should still expect resistance to hold the first test of it So before we even get to five dollars, you know, hey, maybe 450 could be a level first There's not much liquidity there But still between market orders that can get filled at that price potentially Plus just hey for the sake of saying it's moved up so much since the pre-market You should expect the first test of resistance to hold or be the best test Okay, well, it still pushes up a little bit more right goes up a little bit more up towards 462 up towards 468 All right. Well, you do see a little volume that comes in here. Maybe it could break over that Here is where at least I just come in and say We don't need to be as perfect with our exits as we do need to be perfect with our entries Because every trade begins with the entry, right? I'm actually here at cyber trading. I was on a coaching call the student last week You know and not gonna mention the student obviously, but you know just I it was a great educational lesson I brought it up to our chair trading room already. It was I mentioned it back from Thursday even but They wanted me to go over their exit on the trade. They thought they held on way too long and I said, all right. Well, you know, maybe you did maybe didn't like What was your entry point on the trade and they came back to me actually they said well, that's not important You know, I need to go over the exit like Okay, all right, I guess it's not important Yes, the entry I guess where you risk thousands of dollars on a trade tens of thousands at times I guess that's not important, right? So that is where I tell you at first shortly after the market opened up Well, that you know 230 level was a clear level of interest right there If you chase it, then you're leaving yourself much more prone to Taking a loss or not making as much money on the trade as you want but otherwise whether it be from here at first and it drops or Obviously at the top of the roller coaster much later in the morning around that more appropriate 10 15 10 30 Reversal time area This is where I can kind of you know come back and tell you well What happens when the foot is taken off the gas pedal? What happens when? There's no gas left in the tank. Well, that's the difference between a stock and a car I figure every one of us here has driven a car before or actively as their license, correct? Okay, so bear with me here folks quick little dad joke if I may Difference between a stock and a car is that when you take your foot off the gas pedal for a car Well, the car just stops the car just slows down and then it just stops, right? Well, my friends a stock does not do that a Stock will go in reverse for you It will shift into reverse for you put its foot on the gas pedal again for you next thing you know You're 50 60 70 miles per hour at the opposite direction So that's where for a trade like the C4 that we had from earlier than you know over time big trees will fall hard here, too You know, I can give you as many catchphrases and sayings as I can you install the same thing You don't want to hang on to this trade any more than you need to right? You know you're pulling your hair out at this point if you're trying to make a buck And if you're hanging on to this trade from earlier, you're definitely pulling your hair out because you're not making anything at the stage Right So, you know, this is what we look at pretty much on a day-to-day level here at Cybertrading University We have our live trading room that will look to invite you towards at the end of this webinar here We got a lot more to go through though, really So actually what I want to do here is actually engage a little chat from all of us on YouTube and discord if I may You know, hey, if there is a stock that you want me to look at type it in the chat board right now I'm looking at YouTube looking at discord both I will look at that stock at the end or near the end of this webinar So actually I'm going to jump to another trade here coming up And then we will jump to your pick the one that I decide here coming up from the chat in just a moment afterwards So Let's actually go to one more not a small cap stock Not a small cap stock. Let's go to a stock that actually it's not Blue chip as much but a stock that is becoming a lot more popular of late And that being marathon digital M. A. R. A. If you are not familiar with Mara Then you definitely should be over time because Mara is a Bitcoin stock is a Bitcoin mining affiliate. So You know, there's a lot of different crypto stocks that are out there in the market Even if you're not into Bitcoin or crypto then I'd recommend to follow these at least because they move with them at times And especially on a stronger move So one thing that you could just see here is that Mara has been in a nice range really from You know, basically midway of last year, but just has some sharp pops from 1065 here This is up towards basically 20 making the same move once again now at a sharper level So this is a great day trade. It's a phenomenal day trade Now where I thought I didn't have the IVVD on my heat map earlier and I did I Actually posted Mara on my heat map prior to this webinar starting So, you know, I just want to make mention of that, but I didn't trade this today My eyes were focused on other stocks. I was more interested personally in neo I was more interested actually in ALT here myself and this one to blink If we have time we'll get to that but you know, this Mara trade well in pre-market Looks like the beginnings of a ladder where there's some good liquidity on the buy side at first But you're starting to see it here Then again at 764 and again here at 770 1777 So you're starting to get that You got a little volume out there at 1830 on the sell side But right away and this is just easy to say it pops up instantly. So We're trying to hold off the first three to five minutes, right? And I still stand by that so that means that I would not be jumping into this trade right away here If I was watching this at first You know easy to say it moved up and you could say oh, I should have done that Eh, I'm gonna hold off. I'm a stickler to that rule So, you know, it's something that's saved me a lot more money than it's prevented me from making Just want to point that out there You know definitely saved me a lot of money because I've seen more stocks tank at first than anything So obviously it pops well Hey resistance could become support on a pullback here. You have your what we would nickname the opening bell print It's a large dot and large volume dot here that comes in Volume ball volume dot. I know of course we hear book map call volume dot Fausto. He calls a volume ball. So That being said 1769 basically is that price? It is a 473,000 share transaction So what that really means actually that price and that size is really just a conglomerate of orders that were triggered at the market open price Just conglomerate bunch You know, do we know who's doing what there? We don't but it is to say that's a lot of size So I'm sure given based off a reaction from this price We could expect either resistance or we could either expect support All right. Well, this didn't tank it popped So if it pulls back if it decides to then potentially that would be a level of support Folks it doesn't pull back. So I just want you to know that doesn't drop all the way back down there I don't believe so, you know, that would have been a great game plan, but obviously it keeps going Well, where's resistance then? Well, we had a little resistance at 1830. I thought we had a little resistance. I thought there in Reality only like 90 100 shares though 10,000 shares maybe That's not a lot for Mara. We've seen this stock trade so much liquidity and volume on a day-to-day So that's where you could just see shortly after the open pops up 1850 58,000 on the sell side there So that is your clear next resistance in terms of trusting a big level Would I rather trust nine or 10,000 shares or? Would I rather trust 58,000 shares? You know you tell me so I'm gonna wait to see this 1850 break before I would look to consider anything now What impresses me about this trade is that it seamlessly just breaks over it it effortlessly like a knife through one You know hot knife through one butter like right through it. So with that said hey That could be a great time to jump in it is shortly after 935 easy to say that given the reaction afterwards Well, hey if you still are Nervous about jumping in it's after the first five minutes. It's breaking through a big level on the way up That's exactly what we try and target on a trade exactly what we teach our students inside our live trading room But hey same rules apply here at 1850 as they would have here at 1770 or 1769 here Resistance could become support right So looks like it even snakes under 1850 drops a bit lower at first But over time it begins to build back up from there and you get your better move Taking us into like right now pretty much right so really that actually was a strong level It just took some time here It was chipping around there initially where this really could have been a great point to try and consider the bounce Well, hey if I just said before if that's such a big level We should be getting a pretty decisive move shortly after it hits it Well, it's not and the longer it doesn't Well, that leads you to say that's not as good of a sign, you know, so unless if it doesn't break lower That's one thing, but obviously it does here over time So this is a like really just an area transparently enough if you try this trade at first looking for the bounce from 1850 you're probably taking a break even trade or a small loss and We need to have zero ego when it comes to taking a loss because Everyone does here myself Fausto everyone of our students you if you're not a student So it's just to say hey no shame in saying right place wrong time When it begins to move back up well, it holds the level at first But you're waiting for the puncture the break over the level actually what's even cooler about this They like the ultimate icing on the cake perfect doesn't get any better actually than this right now The second it breaks back over 1850 here You get a new order on the bid From a zoomed-out perspective I actually thought that was like an order on the sell side looking at it like kind of briefly there I just I don't know I thought that was like oh, it's a sell order No, that's actually an order on the buy side as you know Secondary support to help push the stock up even more So that's the same pattern that you saw just earlier on IVVD a bit, but a lot more so on the on the C4 So hey if this is such a big level and this was supposed to be support here afterwards Then let's see it It breaks right over that level and there is no looking back from that stage correct So you know hey at this point now the more this pushes up You're expecting resistance to initially hold here and then maybe over time It could nip and break over that and keep going up Well if it does then I would assume which you see it here confirmed point blank from the heat map But a psychological price like $20 would have to be your next major focal point about 206,000 shares here You know you would assume it to begin, but obviously it just shows right here on the sell side now Also, I think that was the same price we said it topped off from back in July So, you know easy enough, but history repeating itself nearby that 20 area 1988 it peaked here back on July 14th There we go. We got latest saying inverse head and shoulders too. Well. Yeah, actually if you're looking at the Little dip point here. You're kind of seeing it here to it to a vague level, right? Let's actually use a little drawing here break out my Picasso in me You got shoulder head to a degree Shoulder inverse head and shoulder, right? Later one of our longtime students here. I appreciate her joining us right now as well All right now this actually is great segue because you see it on the screen already Actually, I have the absorption indicator one of these plugins. I mentioned Or add-ons rather I should say pardon me one of these add-ons I have it on this heat map right now. So when it comes to the add-ons that book map offers There's they're always innovating first and foremost. So, you know, it's not as if every week. There's something new But you know, hey, they are really redesigning the way that you could track volume So there's the basic programs and tools that you got here, you know the COB column The other columns that I've been using thus far. They even got a time in sales basic time in sales implemented But they've even redesigned it that much further to kind of show, you know seeing outside liquidity Seeing the correlation tracker Seeing the absorption indicator, which is something I'm a big fan of and then also they got the market pulse as well And that's something I'm gonna look to dip and dive into a lot further after this webinar That's something I've been kind of playing with a lot more of late rather than just using outright for trading and decision-making I'm still kind of learning about learning a lot about the market pulse. So I don't want to just present something I'm not experienced in full-on. So that's where I'd say hey for you definitely look to dip into the market pulse yourself as I am Doing so currently But you got the absorption indicator lined up here and essentially the way I program the absorption indicator is to really show You know large block volume getting filled in a very rapid short amount of time So it gives you the ability to see large blocks But you know hey the blocks I kind of correlate with the volume dots here the larger Spherical volume dots. So the way I use the absorption indicator is like to a degree to Compliment the dots and use it as secondary where actually I had the settings up before I'll show again within 0.05 seconds You know trade traded volume meaning in such a short amount of time you're seeing a burst of transactions getting filled that equate to 75,000 shares or more within the market now these numbers you could play with like you could just make this 50,000 you can make it 20,000 and over time this will update and you could increase or decrease the Time frame that you're using but you know this is always playable from stock to stock I changed these settings pretty much dependent on the stock I'm trading if it's a smaller cap stock probably gonna lower this if it's a larger cap stock that trades Really heavy liquidity you're gonna look to you know increase that number a bit So Mara is actually something that trades a ton of liquidity You know given the price even if you're not familiar with this stock Let's just actually see really really quick Bruce and Dan so yeah Mara trades about 44 million shares a day. I'd say that's a lot right so Here I set the number to 50,000 and you just see an abundance of green at first meaning Tons of liquidity getting filled in our case the way I programmed it as well was to you know show the green meaning from the Ask side so you're basically seeing essentially a ton of buying going on as it pops up right away And then over time it begins to lose its momentum it pulls back and makes that shake under and over the 1850 at least But once it begins to move back upward and certainly by the time it really begins to break out above or near the top of this buying Spree it began to make a much better play over time faster move up Flipped resistance into support even over time there So you know the absorption indicator you got to play with the number a little bit here And there's other parts of it too that I'm sure I could kind of go into but you know In simple it gives me a nice secondary Measure to see big volume getting traded on the day So actually even something I can break into Even here I know Bruce goes over this in the free webinar He does on YouTube each and every week and on discord But this would be essentially what you would call a bit of a flip of the book You have these two transactions that get filled pretty much right next to each other right near each other within just 0.05 seconds Let's say It might be like right literally next to each other like on the same time actually and I zoomed in almost max But they're essentially the same size So what's happening is as the stock is moving up you're getting new support That's getting built in over time from this so to say flip it held here and moved up And then even over time it held a higher low afterwards for another push So, you know hey this stock Mara ended up breaking over some some good liquidity. It looks like here at 1920 is that Yeah, 1920 about 62,000 shares on the sell side. So hey resistance could become support there, right? Well, perhaps over time it will but here one thing you want to make mention of is For as much as it bounced and as much as it moved up and up and up and up and up Regardless of what tool you're looking at here on book map, whether it's the heat map the other columns When you're looking at this order at least you got to expect for this order to act as resistance at first So at first it did and even afterwards it was an underwhelming pop above it Not surprising giving the timing of the day at least Around 12 30 near 1 o'clock. So hey the more times it nips and naws at this level That's where you're expecting the breakout. So just over time it took a couple more stabs at this price 1920 But the more times it does that in a shorter concentration That's where you're expecting your run. That's where you're expecting your larger reactionary move The pop right there All right So again if you're a later grant bill or anyone on YouTube right now or discord I just type in a stock right now that you'd want me to look at here in a moment Just a bit. I'll take a look but as we look to try and track Mara heading into the afternoon after I finish up This webinar at least you have big resistance at 20 So for as much as Mara is moving up, you know that it's going to eventually begin to pull back or lose this run at some point So why not think at 20 or shade underneath 20 for it to do that? You know in the event where it ends up moving up to it and breaking through that order later Well very similar to what happened at 1920 you'd probably expect the same pattern to play out at 20 bucks All right, so perhaps I'll break out the absorption indicator a bit in just a moment one on another trade folks I'm just taking a quick look on my own book map right now Just to kind of see like CLSK is a similar stock to to Mara But it doesn't have as great liquidity out there a strong iceberg levels as Mara does at least they move together though I got one in the chat just Tesla Okay, so Tesla really quick we can cover because obviously it is one of the more one of the more Actively traded stocks out there in the market if not the most actively traded stock out there in the market So of course, it's always a good example. I got Bill asking about Uber next so we'll take a look at that there too All right, so bear with me here just a quick moment here folks Tesla Just with how much volume it trades it takes a lot of liquidity. So really quick Let me just take a look at the spy just look at the stock market here. I have way too many lines on this Chart so at least just to show what's happening on the day here for spy Nice little pop earlier today. Just moved up a little bit higher towards 472 and change But now making a bit of a double top or lower high and dragging down. So that is where I just want to show the market because Well, clearly Tesla is not making the same move as the S&P, right? Or just the market as you would say entirely, right now Of course not every stock is going to move with the market perfectly and especially if there's headlines out there on Tesla Then you know then it can make its own move perhaps and of course with how polarizing Elon is I think that we're all aware that anything that Elon says, you know can generate a headline and Tesla can make its You know own move, but that's where I'll at least break into the heat map here And I'll break into why exactly it made the move that it made in relation to volume so a stock like Tesla normally the way I traded at least with the options is Hey, I would more so focus every five dollars. So 250 is potential support 255 as potential resistance, which of course it does show that here 23,000 on the buy side at 250 34 35 nearly at 255 So it shows it there, but that's like assumed that that's just like, you know, that's the first thing I'll do anyway So even if those orders weren't showing even if this order isn't showing at 260 I would be putting a line there anyway practically. They're going into the open So 250 255 260 now you got one here that shows, you know Obviously, there's something here right before 930 and it's out there for a little while I like how long this order is out there for it does look like it got pulled right before the opening bell Just in hindsight between you and myself here little secret here little spoiler alert This order got pulled two minutes right before the market opened up. I Still respect that price greatly as a level. I mean it was out there for like an hour So, you know, we got to put ourselves in the shoes of like a like a five-year-old at times and ask well Why was that order out there for like? Basically an hour. Why why? Well, there's a reason right so we don't have the answer right now But you know, let's see how the stock reacts once this price gets touched and then we can kind of go from there Now when we look at all the other facets on the heat map here and perhaps the absorption indicator coming up You don't really have too much that stands out on CVP There's not much that stands out here that I would be really trigger happy to use as a level That's okay. I'm just mentioning that like you have more of a plateau here on the CVP column This is pretty much same size this little smaller There is something here though when you're looking at the red right here on the Delta column as I nickname it CVP Delta. It's basically the CVP column with the Delta enabled. That's all I did But what you do with this though is that this definitely sticks out This is an enormous amount of red and I label red is volume filled on the bid So, you know, we would nickname that selling pressure perhaps at C2 but the more it fails to really drop from that price and Certainly if it breaks back over that price over time here Then perhaps that is not necessarily selling pressure as much as it potentially could be buying pressure So what happens when the market opens up? Well, again, we wait the first three to five minutes really the first five You're opening bell prints, which again this honestly Trumps everything else. This takes precedence really above all else because looking at the size of that transaction It's about nearly half a million shares So in terms of how big is big, you know, we got like 11 12,000 on the buy side We got 35,000 on the sell side All right 420,462 shares you tell me so this really is your your big one to watch But more or less within the first five minutes It does a shake around through the others and then it breaks higher it breaks over these two again It breaks over the VWAP it breaks over the opening bell print as you would Have it here. So that was at 250 390 So certainly at this stage once it's blasting above this price here, you're expecting a clean run up Perhaps 1030 you could expect reversal time 1015 1030 and certainly prayer Certainly you'd expect resistance to become support Okay, so just in short what happens? Well, it makes a nice move up. Hey 1030 basically right nearly 1030 right not on the gun I don't try and make like the big point by saying it's exactly a 1030 That's more like the icing on the cake But like just generally around 1030 and this here is a bit before it so it tops off right a little over 258 50 You had some good liquidity good liquidity at 258 that definitely pops up there after 930 So it re breaks over this price looks good at first nice little pop up higher here Breaks through this liquidity or it gets pulled either way like you're still smooth sailing at this stage in time But the same the same result happened right what happens when you take your foot off the gas pedal for a stock Well, it's a lot different of a reaction from when you take your foot off the gas pedal for a car This goes in reverse for you. It puts its foot back on the gas pedal for you in reverse, right? There we go So the thing is that just really at 258 this needed to become support It failed to you know tried at first little under and over move here This could have been a nice point of interest, but it failed failed to pop higher failed to move up more pulled back Now though what happens here on this trade is that you know, hey We should expect resistance to become support at least from the opening print, right? That's what we said You know hey it popped above all of this and moved up resistance Could become support might I say I don't want to say should as if you leave the order hanging out there But this is on a strong downtrend to begin with this is where we encourage our traders to wait for this to not just hit the price But to actually see it break under the price first Because hey just there is an example before that we had but what happens if the stock breaks under that price? And it just keeps dropping It does it first year actually But over time this gives you a fair shake it gives you a shot to where you could potentially use that 25390 area from the from the open as potential support You just need to see it hold above that price Something I'll look for even on a five minute like a regular chart Would be to see it close over that price You know if you could probably do that on book map to mind you with the candlesticks, right? But just on a clean chart Comes down there closes under it It's basically teetering it right there. I'd like barely closes over it basically So if you're looking for a chance to try and take this trade there was one opportunity But it still begins to shake around a bit even now it's still kind of holding a higher low But it hasn't popped higher That's where I'm saying well if the markets end up failing to break higher later on today Then especially with how much this has already been getting tested as support The more times it does it then we're gonna see the sellers really begin to take over You would think that they were taking over here But this was just lack of momentum from the original move up So to me now I'd be waiting to see this break below the opening print again in order for the bears to Really begin to you know have control of this trade now You know it dropped off a couple points here, but higher lows still so that price is still being gauged as support Just you know it hasn't made that true lower low just yet All right last one I have here It's actually from YouTube again just stick with us here for another few more minutes folks for all this otherwise for all of us that are not perhaps Bill Lita Grant our students already I want to invite you to our live trading room coming up in just a moment But one of our students bill who has been doing pretty well of late on uber Maybe got back in but he's asking me to go over uber Well this one you could tell I didn't have loaded up you know beforehand So let's take a look here on uber just for a few minutes here bill them will finish up We have about like five or seven minutes here basically so this actually bear with me for a quick moment because uber We've been trading from obviously last week great trade from Thursday last week in the afternoon then Friday in the morning But look what happened Friday thing tanked right I mean collapsed badly so I Could probably get this right from book map if I loaded the data up I'm just gonna make do a time just be quick But you had probably an enormous dot big volume dot from Friday's market close price at 6186 Actually, I'll just show it to you here if I may really fast on on the old-fashioned time in sales But you know otherwise right there you had a huge transaction that popped up and you know That creates a big level to work off of going into the next trading day So I would have said the same with Tesla You know just before much like we did with the opening bell print Bear with me for a split second. I forgot. This was my unfiltered time in sales So showing all the little stuff to Do that? There we go No still not Tesla playing hard to get right now for me. All right There we go. There you go. There we go. That's it So anytime you see transactions that big right away, you know, that's gonna be a big level, but it's namely this right here This is I believe a 19 million share transaction that ended up getting filled right at 6186 on uber So this was from the triple witching Friday if I'm not mistaken So 6186 creates a huge level of interest going into the morning already into the morning So it was holding above it briefly in pre-market there prior to 930 Well when the market opens much like you had at Friday afternoon, you have the opening bell print today We saw that on Tesla earlier and that was exactly at 62 So more or less given how expensive uber is It's really the combination of those two prices that create that level 6186 Dash 62 to 62 dollars, you know the combination of these create resistance and they create support So here hey, we had a nice little support hold because it went under and over this one And it bounced up a little bit But obviously it came back down and it couldn't hold the VWAP as a higher low and go back up it it pulled back Right, so ended up seeing uber begin to break down and like I was warning about Tesla earlier This broke below its opening print pretty early and broke below the closing one from Friday So it really broke below this whole support range right here, right broke through both of these lines It dropped hey support should become resistance and it did so like flawlessly here It didn't even crash into the range. It just held it spot on right there that being the the close from Friday Dropped now we're starting to see this move back into this area So it tried to test this year given that it broke under this range as support earlier It's the combination of them that are acting together so this range initially should be holding as resistance And what I mean by that is right here. I would not be so gun-ho so giddy to jump in long. I Don't know if I'd be so giddy to buy puts or shorted out the gate But you know if you're expecting more exhaustion throughout this week then you know hey that that's probably something that you'd fancy So for me at least if I'm looking long I'm definitely not taking this because I need to see more out of this I got to see this have like a couple of rebreaks above this top line or Otherwise see it hold his support pretty nicely. It tries to run off of it at first But then it slices right back down. Hey if it could break back above it and hold that that's a move But it pulls back it doesn't really continue from this point. It breaks lower over time or you know pulls towards the low of the day So to build there it's just kind of using the open and closed prices on this more or less Because this didn't really have liquidity liquidity that got hit, you know a couple mid levels here in between But otherwise your larger levels sixty two forty sixty two fifty that was just kind of used as like Resistance to perhaps push the stock down Up as we're talking really fast. I only I know I only got a few minutes here So you know just to say actually right now as we're talking live Follow this trade this afternoon and certainly join us inside our live trading room Just coming up after this webinar catch uber and myself and students like Bill and Grant chatting about this trade coming up But had a hundred thirty seven thousand share Print that just got filled right now basically nearly just now about it 147 earlier 10 minutes ago Well, that was a print filled at the ask So, you know the way that we train our students how to interpret that is well technically green We take that at face value as we say and we call that buying We call it buying Well, if that's so much buying here, then this should make a big move up or it should at least hold above this price as support No Well, if it begins to fail to do that if it pulls back under this price coming up that right there is how you could look to Spin your gears in your head and say well wait That maybe that it really isn't buying maybe instead of buying that could actually be potentially people covering short People covering short right there folks. All right, so really quick. I know I know I only got limited time left So just bear with me for a split moment I want to invite all of our members here joining us on discord and on YouTube to our live trading room the cyber group trading room The original live trading room out there and I say that because Fausto is one of the original So his bandits out there one of the original day traders Bruce actually has watched him numerous times over the many many many years even before I believe he was with bookmap himself You know so it goes to show that you know hey Fausto and cyber trading University have been around for a long time and with that Hey, we have audio commentary all throughout the given day We start in the morning myself and Fausto each and every morning We start the main audio at 9 30 right at the opening bell But we host our official meeting at 9 a.m Where you could join us on YouTube for that as well that being at cyber trading you at cyber trading you for that on YouTube, but again, we do the main audio commentary from 9 30 to 10 30 myself and Fausto Providing callouts to our students inside our live trading room and hey if you can't trade the morning You could also follow up with us live this afternoon. I'll be running it solo myself this afternoon from 2 30 to 4 p.m So, you know again, we're gonna follow up on trades like uber trades like you know Tesla like we had before certainly Mara Marathon so you know to definitely join us there But alongside the audio commentary that we have hey, there's my ugly mug right there But you know with that said we do have a weekly workshop actually being tomorrow Tuesday traders talk It's the longest running weekly episodic workshop on all of the internet I vouched by that myself because I do it every Tuesday So I don't think I've really taken a break ever with that said students like Bill Grant Leda All of us on YouTube right now will be joining us there And if you're joining us on discord or YouTube right now certainly join us inside our live trading room to get the full rendition But with that said though, you could scan that QR code right here If you're fancy with your phone to join us inside our trading room for a week-long trial just $9 If you're not as fancy with your phone, you could actually just go right down to that link right there It's just shown right there www.c2.co forward slash trial To join us for a full week get access to our all of our weekly workshops all of the recordings of those two and of course just The camaraderie of our team and communication between instructors like myself and of course the gentlemen that you normally see here Fausto You know, of course just we're there all day. All right folks So again, hey to Bruce and Dan and to all the fine folks at book map I appreciate you just you know letting us on here today and certainly myself getting the hot tag from Fausto earlier I know that Fausto was loving and was looking forward to being on this platform here today I know he had emergency that he had to take care of I believe all is good now But it just conflicted exactly with this time obviously and just like you know worse timing right So I know that he will be back on next time and he's looking forward to it But hey again if you're interested in joining us just scan that QR code right there And we look forward to seeing you momentarily folks. Take care folks. Enjoy the rest of your day