 Good morning traders and welcome to the live trading webinar today with Jay trader stocks trader. We do this every Wednesday Jay trader does come in a little bit later. I think he'll be in before 10 20 But Jay trader he will he will be in shortly and we usually go through a little bit of S&P analysis beforehand But and then he's finishing up as he's finishing up his trading room And then he'll be over and go through some live trading with the stocks. You guys know who Jay trader is I've got his contact information. He offers mentorship and education If you want to reach him you can read you know email him or you've got these other methods as well Disclosures we need to go through these these are important It is live trading, but it is in demo mode and it's only for educational purposes. It's not a trade recommendation Nor a trading room here whatsoever It is about using this information together with order flow your order flow analysis and your trading Strategies to understand or get insight from other traders how they're trading And their considerations and then how you may add that into Or at least ponder it gives you some sort of insight or understanding from someone else And that isn't valuable in my opinion So let's go through it general disclosure all book map limited materials information and presentations are for educational purposes And should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies Involves potential risk of loss and it's not suitable for all investors an investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. Let's jump in all right We'll look at the s&p and look at this move to the upside beautiful right up into high liquidity looking for a 3,800 next and Lots lots of buying coming in let's just zoom in here and take a quick look Are they getting filled here? Yep. They certainly are liquidity stain in the order book it is filling here 408 contracts right there And some others as well we're probably can see some stops and Icebergs here as well and we are So a bit of a pullback here at the moment, but still looking for You know more buyers to come come back up and revisit this area and try to pop it up into the figure here at 3800 This is actually pretty typical behavior To see it trade just shy of it into high liquidity and then immediately get a pullback like this but due to some of the things that we covered yesterday for example and In market structure, you know, we're looking to see like this structure here Turning into this one here. So this is a pullback at the moment and Looking to see if we can get back up here Around 96 and a half get some buying and then get the pop up into the 3800. All right so that's kind of where we're You know just going through the current order flow here Let's go through some details in it and what gives this, you know more gives us more of an edge in here Well, we talked about it yesterday in detail. First off, we know that the cluster of buying up here and It's can pretty consistent buying here here and then also through here. So looks pretty good Looking for the book to support it now see see how the book is changing now See how it's kind of bluish underneath here at this higher level. This is good This is what we're looking for now. We're looking for our Aggressive buyers here. We're looking for our green dots or and or a lack of selling in here lack of red dots Okay, so let's see if we can get that The the sellers are trading into this liquidity here Okay, so here's summit 93 Hello Bruce. Good morning trader. Good morning, Joseph. How are you? Oh, did I lose you? Okay, Bruce, can you hear me? Yes, I can hear you Okay, are you ready to start? Yes. Yes, let me If you can share your screen and then I'll broadcast it here Let me fix this one second Guys still looking for a bump out of this area here. It's just really probing back down into these lower areas here But this is kind of point of control or very most rated area in here So let's see if we can find our buyers down in these areas here after some stop runs beautiful stop runs here Anyway, Joseph is up. Let's go over it. I've got his screen Let me pop it out and put it on to the Main screen here Alright, you're all set to go Joseph Okay, good morning traders so today we're going to have a lesson on reversals and I announced before also on our tweet That we will be looking at the use of book map together with the main level of supply and demand So right now I'm on a trade on e-book and I want to explain over here the entire process So the first thing I start looking at the daily chart, right? If I'm looking at the big cap, I may even look at the weekly chart For example, if I take a Bitcoin, I will look at the weekly chart, right? But in this case, I'm trading e-book which I know that a gap in the last two years so I already have my levels and How to put how to I would say select the most important levels to trade now We don't need any kind of specific indicator. So I'm gonna for example Cancel all these indicators over here and just focus really on the supply and demand So the levels that in the past worked as point of reversal Or if intersection intersection in the sense that if we have a trend line And we start taking a trend line So all the next over here pops into that level will be a level of intersection. So it's using a trade pattern Which is rejection of the trend line case We want to short over here on pops at the same time that level of rejection Will be together with use of a book map to spot if we have resistance All right, so putting things together like forming a puzzle This is my trend line today and we can see that in the last period over here even because we had a A nice gap over here, right? We had a bounce Over here on on ebook Now it's time for me to put the level of resistances I'm not gonna put all of them just only the most important ones So I have the peak over here and this peak also is this dip over here This pop this pop. So this is a nice level of supply Level of supply that often will be in agreement with book map If we have a setup, please already Then I put this level over here, which is a relative high I'm gonna put also over here these levels So I'm gonna prefer these levels into a half low number like 450 But then if I see a lot of dips over here, for example for 30 You see all these dips that has an important level of resistance Now this is becoming the most interesting part So We can see over here that we had an important peak, right? So that 369 I'm going to put over here my level of resistance Then I can continue. So we're going to continue a little bit more So I have over here dips before the gap field, right? And this is exactly around 330. So you can see over here a dip You can see over here a pop. You can see over here a pop And then we can have another one over here at this level So many dips we can see over here. This this is also a level of gap fail And then we can see more at this level. So all these tops, right? I call tops. I mean the the pops on this in this case And this is this morning ebook. So we're talking about a small cap company We're talking about a stock that lives through the illusion. We have nothing special on the stock And What I'm looking to do traders is looking for ideal short on this All right, so that was my plan this morning I then refer to an intraday or for our chart Intraday could be for example an hourly chart 50 minute chart But I also look at in this case the for our chart and I look for those levels Once I done this I can go to a one minute or a five minute chart and start looking at the price section So over here this morning, uh, you can right away understand Why I took my short at the level of 340s 3 50s So in this case We have the pop over here. You see the mid morning squeeze. This is like a typical pattern into the previous high, right? so this over here area and At the same time we had the price over here. You can see it's still like growing with a lot of volume Over here. We have some sweep. So really some stop orders triggered Uh, and then what happened over here? We have the shift After this big bubble, we have the shift between buyers and sellers Exhaustion of the mover here 350. So they peak above the 350 The importance of having these half dollar numbers and then they wash it over here big sweep stop loss order triggered and this unwinds And if you ask me why j we see these Green dots. So bruce is I would say always more precise in the terminology. So always refer to Uh, what he says, but this is for example Uh, a clear scenario where we have long buyers over here That they're buying the break of 350. They're buying after pumper calls and I would say news Uh on chat rooms They're buying because they reclaim the vweb And it's a typical scenario where buyers are stopping out and then you will see the sweep indicator over here I would say uh triggering Now what you can see that at that level of 350 we see a high Uh Level of supply over here. So over here we have sellers already placed on the book All right, is this what actually you see over here in bookmark? this morning I I strained because I didn't take short even I wanted to take the short over here And there's only a reason why I didn't take short because I was long over here so, uh I can Share my chart. Well, I share my chart already But I explain why I got this this long Let me see over here if I can get the chart one second traders. So it's just important to show you the Reason behind the process. Okay, not really. You know, you made 200 bucks 2000 bucks 20,000 bucks I don't really care about that You're here over here in order to learn the process and that's for me is the most important thing uh, so I just want to show you one second the Executions over here for example And over here you can see that we long right and then We look to sell over here sell over here. This was a stuff where I wanted to show her being that I was longing Sorry, in this case, we are longing for like looking to um to master to I would say to um To master our best our trade so to travel trade. We were not able to flush and get a short like For example, members are doing away here. All right So this is just to show your execution over here and what has been uh playing this morning so right now I wanted to show you traders the reason why over here. I said this was a short So typical level of resistance of pre-market where we pushed into a level of five liquidity And then over here you have the shift. Okay. I call the shift over here When basically we have like buyers a certain point over here buyers are stalling So we have like, you know the passing over here of the I would say of who is in control from buyers over here two sellers, right And this is where they That the control the liquidity passes, right? Is it clear to us this? Uh, any question? Okay, just give me like can you cover cover it again, uh, joseph. Just one more time Okay, okay, so uh When we have morning Gappers use by the way, we have to also look at cdu because I'm looking at long over here all morning And then I will explain my process. So when we have a morning pattern of Extension pullback, right? So we have a first extension that a pullback And then this pullback generally tend to go on a previous support Remember the daily support bruce and guys that we were looking at daily chart This is one of them and you see how we dip on that support So those levels that I said before are important is for this reason And what I see over here at 330, I don't see only The level that I saw in the daily. This is I would say Uh confirmed, right From the heat map that I will see over there And once I start seeing these buyers over here, you see this buyer So trying to prop over here in the bid. It's actually at this level at that level I logged All right, along the pushed upside They had over here Breakout of 390 clear out of this level boom right away. They they dumped it right now. I'm short Uh, I believe this is gonna probably short. You see over here also the pros and the curl down So for me, the next star will be three dollars that I'm waiting over here on Traders on evoc and this is gonna be My a plus setup Yeah, I I'm sorry Joseph to get you to repeat that it but it's just really good stuff and this is very very clear You're looking at your market structure Your higher time frames and then you're looking at the order flow Uh to verify this trade idea And uh Nicely articulated Thank you very much Bruce Now the last part of this chart, uh, we explained before Pushing to the high liquidity area. We have over here a ton of exhaustion on this move I really saw it. I was looking at tape and I really see the Really the shift over here. We had a lot of like buyers trying to push But then it's time a big seller's worth was jumping in And we saw this even at the previous level at 340 right with this heat map over here But they really waited the clear out over here the vweb They wanted to clear out the 350 So the important on those half the numbers, which is this level over here You can see the break of 350 right away dumped it Okay, so from a normal little I would say trade You start getting a big big big wash And uh, this is the the market we are right now So you may start, you know with uh With a very low risk area because I was risking this 360 And now this trade came down over here to a level of three I'm looking for 295 $3 for the first covers and then I'm looking for more around 250 So we'll see if the volume will start to rise or if it will be lowering Lowering lowering like this and then I'm going to simply hold We have an intraday support over here. So some A little bit of demand around 3305 You can see also they hear our heat map. So we need to clear down this And then wash this 280 would be ideal Into this level over here the daily support the next daily support is a 260 So I think that is a pretty good level for us to do I was looking at Tesla morning and my plan was very simple I said yes is going to possibly push to hourly J lines Tesla made the same Yes, over here is pushing into that area. I call the three three 800 Apple over here did the same thing Amazon did the same thing and made them do the same thing So what I was looking over here this morning was more for a pattern of cut pattern push and now starting to fit But I want to go on cdu SIDU West stock is day traders. Do you know the stock that you traded this in the past? Well Cdu is a small cap Over here we have I can tell the float was around 7 million float They have very no cash. They have no dilution on Then I start looking at stats. So they have SSR The news over here is a teammate I would say a contract agreement. Remember contract agreement with nasa Gap stats. We had one gap over here with my stats, which is above 20 and a close red on the day, right? So what I saw over here this morning was A lot of absorption And we'll see what is absorption on all these dips So this level over here this gray line that I'm Pointing this 290 is the pre-market high So I want to be very clear on this Okay, I want to be very clear on this Let's look over here one second I want to be very clear on this. Let me say This morning my plan was only to look along on cdu But why? So we have a stock with small float And that's the first reason We have news We have set pumps on We have a stock with no dilution We have a stock with high volume and SSR short seller friction We had a stock that is holding daily levels interday levels plus absorption I mean why I have to have an attic today bruce That I don't want Okay, I don't want to take a moment So the point for me was to look for dips I long all the majority of these dips a lot of of these were scratches Uh two two cents top or a couple cents win. I took a good one over here And a good one pre-market. I missed this over here at 1010 because I was connecting With you guys But I want to show you the absorption So you see this level over here 288, right that 288 is I would say the level of pre-market at high Now this level is often like the The shift between bars and sellers, all right Uh, so above you'll see breakout traders below you'll see Say seller short sellers Over here, we had another absorption 286 So everybody was hoping over here for a breakdown, right in this level that we see over here at this level of here And then at a certain point they soak into the support you see over here around 35 000 they soaked And then support came support held reclaim over here and look at volume that came this volume came and it was Uh, first of all a perfect sweep of that 320 Which was the previous resistance over here And then it's sweeped over here. Look this big push to the upside around 340 So mega extension and then field You have to make the same process Of what we did previously And by the by the way right now I have a signal on amazon but Hard for me to explain 10 things at the same time. So I want to just like focus and see that right now I'm going to look at the daily with you traders And uh, these are some of the levels okay that we can put we can put over here So I'm going to put all these levels on my chart because these levels will be back in play And I'm not going to put them all I did this already on my my my brokers Um, but over here you can see a beaten down stock A stock that has a ton of over here have had resistance back holders But a point this morning we had Everything for looking for those long steps long dips over here Now the the five minutes over here is up trending strong Uh, the one minute over here is still Up trending strong. I don't really see Any reason now that I will be looking for a short So I'm simply waiting for my opportunities to get long and we will be looking right now Being that I think this is a good momentum stocks a lot of these stocks went when 120 200 percent in a day Okay, we're going to look for reading over here the early flow together Looking for those spots of uh, we say reverses together so see do The next main level of resistance besides 340 is a 360 and The next after Is four dollars I'm looking at The daily and forward chart Okay So you can see we have a buyer sellers still buyers over here. Well, this came to the red together Breakdown in the meantime of ebook They're trying to push again to the 328 in all morning this 328 over here You see the absorption 328 readers all morning. We had sellers. Sorry. We had sellers this 328 all morning over here You can see right And then once they clear out you can see the sweep over here big push to 340 when simply parabolic Yeah, joseph the sweeps indicator Um, it's really interesting like now we have three different indicators that are showing many of the same things We have the stops indicator sweeps indicator and the liquidation indicator for crypto Uh, they are all basically showing people Um That we're short That are getting um, well either stopped out very very quickly. Um, or liquidated That their position, I mean is um, uh They needed to buy it back and very quickly Yeah, yeah in case of liquidation, we have you know the margin call traders. So That's a very good reason. Yeah. I mean like we don't know in in stocks. We just know that there's a book sweep um, but typically a book sweep is very indicative of a stop run uh as well as a Uh and or uh liquidation, uh events And What I like and don't like about the stock I don't like the fact that if you long at the breakouts Like at this level of here 330 will be probably be on the water very fast Uh, the reason why I'm saying this is because Uh, we have that stuff into that 330. Okay So I'm simply not touching this short right now nor long right now Where I'm looking to to buy this I'm looking to buy this for example On a fake breakdown the v-wap over here around $2.99 And if we reclaim this v-wap right away fast, I'm gonna long this Okay Big long consolidation right now And again, we are in a wedge scenario So this stock traders has a 7 million float it already traded 47 million All right, then it's just like 10 30 Still holding the pre-market high So as I wrote over here from gap and extension right up corner It's transforming an extension play So when it's an extension play, I'm looking or for a parabolic short Or for a long But watching over here the price auction Price is still holding over here the 3 10 3 15 We're probably looking for the break Becoming very tight. So I believe they will take a direction soon And right now traders. I'm possibly looking for A break of this level to the downside as I said and then Uh, buying the curl backup of the the v-wap. So I'm looking really for over here breakdown Right away pushing back up if I see volume over here, then I'm gonna attack it long Now can I tell this is an a plus setup that I will simply trade every single time? No Okay, this is not an a plus setup My plus setup was uh The the pre-market long on this This is more like momentum setup Which You have to be very reactive to to get these This Black is above everything. So only up here we can trade it Because you can't go here worked and one big I would say Red flag to short this besides the high volume is the ssr. Okay I don't know if you ever try to short ssr But ssr you will need to short on the ask So often what they're gonna do they're gonna I would say invite you to short the weakness like over here as you can see to if you see this v-wap, right? So they will invite you to to get short on this area And then what happens they're gonna probably Um reclaim it. That's their intention. That's their agenda. So a second over here. We'll put an easier charts for everybody to read That's a really good point, uh, joseph about uh, uh inviting and making it easy to to short A stock like this the ssr At those areas and then look at the beautiful stop run, you know to the upside Exactly exactly. So is we like they want to trap you because they have their agenda. Yeah, that's a Really really nice insight. Okay. So over here. We can see the price section We can cancel the here. I draw a lot of my on my charts readers. I think it's very important Uh, so you can see a lot of uh structures doing this It really helps you to identify the identify sort of the levels Over here, you can see this is all the The absorption that we had in this area here 285 And I mean, this is a beautiful really beautiful pattern for us Where we start looking then for a reclaim over here for a long So now seems like they're gonna Break this level over here. Remember, this is a pre-market eye this 291 It seems they're gonna break it Let's see if they're gonna break it and if we're gonna break down and then reclaim and break this v-wap And trend line to the upside I'm going to log. All right. So I'm already explaining what I'm going to do And if it doesn't happen, it's fine. That's fine So it's curling down look over here bruce curling down. So they're selling into this level over here 304, right But it's a typical way on ssr to trigger and purpose these all right Like it happened over here before now Sometimes they're gonna wash it and at that that moment, of course, we're not gonna long it Uh, sometimes they instead gonna Trigger on purpose breakdown that's support v-wap and then push it back up The same thing happens on the big caps the same thing happens over here in the future You see the sweep over here. So let's look if we can have a possible curl up. I'll be a look over here. See this So 295 293 So for now, we have a break a pre-support was 288 holding I'm not buying over here this washout Because I don't see that good amount of support as I would need to see in order for me to long Okay, so now we're testing the pre-market low pre-market hype are done We were dip over here 285 that was a pre-support So you see sellers right now Okay, at this point we can have like a bounce over here above 290 Let's see if we're gonna have like a shift between supply and demand There'll no heat back over here You can see they try to reclaim over here the 288. We have support 282 80 over here Level of support is this one over here 290. So a little bit of bounce Again, it's an important level, right? It's an important level. They generally tend to reclaim it and push it back up Resistance over here 290 This is the pre-market high You'll see still those buyers jumping in If it cracks over here 285 May wash Now they're bouncing 290. You can see over here Fill some buyers We have no dilution in the stock Yeah You weren't touched over here So lateral scenario Just patience around right now traders 285 Okay That's The previous level of support. So now they cracked that level of support And now if we confirm and we hold below this 290 Then this is gonna unwind to this pre-support around 266 270 Which on book map we can see that as the low of this micro support Of the support story and then below we have really nothing for now We don't have like you and some amount of liquidity at the moment over here on the support In the meantime E-book is still fading over here. You can see the amount of sellers that we have So this moment Here is where we shorted between 335 and 350s This is cool Yeah Let's say for a possible re-add into the 305 310 over here like this is the previous demand zone So if we can reject this level and re-add the partial to our trade short So i'm looking for the push into this small liquidity error here between truth 305 and 310 Now no ads over here was weighed a little bit higher Go back to cdo If cdo won't move more over here now is slowly unwinding You can also check the big caps. All right, let's do Let's look at our cdo over here So this is my playlist for the morning So these are the levels that we had this is my four hour chart All right, let's change right now. Let's start looking at something different So tesla anybody trace tesla over here all right, so first of all I'm gonna review with you what the market is doing Uh, we're gonna put on 90 days And uh for our chart on tesla. These are my levels So tesla this morning is in consolidation My Strategy told me we would have a possible bounce to 685 690. We added bounce I didn't trade it long nor short because we are Still in this range over here Is down trending on the long term over here, but it's bouncing and sideways the last Two days after this fake breakdown yesterday Right now. I'm simply waiting My point is to have patience today waiting for 2 p.m fomsc Let's put over here two days one minute chart Okay And I want to see then a direction in order for me to start taking any trades, right? So you can see my trend line over here We got almost to this trend line. I was looking 687 we got 685 Now it's inside range at the open level almost No trade At this point the other one I'm watching is amazon so we have An uptrending stock for the day counter trend On the long term. So no point for me to take this long as well We had meta fader Nice rejection over here into a high liquidity area At this previous resist over here 685 This is one of the setup that I like the most. We have a downtrending stock previous resistance over here. So resistance over here Big over here rejection This is a beautiful setup to take some grab some short Okay, so Level over here rejection into a high liquidity area level over here So right now meta is the one that is fading the The most over here We have a support of 164 And we're still inside the previous day range Yesterday range had a low at 161 and 40 We continue to have sellers over here on our On our tape Just having patients over here. Just having patients. Oh very nice. How these bookmark levels are working So look over here When you ask me Jay, we see our rejection. Should we take it? Right Of course, I need first of all the main scenario the main environment that overhears that respect in this case for me This is mostly a scalping scenario, right? Because the four hours that one hour the daily are not confirming The bearishness of this This setup why we had for example on friday why we had for example on monday and the same thing is with yes But on the other hand The stock is fading today. So for scalpers for fast momentum traders We had a lot of resistance jumping in at these levels 165 and over here 164 and 30 So you can have those I would say scalp trades, you know for a small profit or even A hit and run This was where you are in but I cannot do this That's a support Joseph um And no, I just um, I just a question here. Um, we've got this one guy Jack on on youtube and he's um And you know, this is the internet. It's free Which is you know, we're doing this as a service But and I don't want to have to apply to every every one that comes in on every whim That tries to discredit The traders or the the content here However, I just want to mention that We have seen many times over and maybe you want to cover this Since this is fomc day About the data that you have behind your trades The intensive studies that you've done that make up your setups And that you trade every day. I mean you're basically going over these as well here You're just not seeing anything. That's a plus You know, we have fomc later today, etc And um, I just want to address this in general. This is um, there's a lot of new traders in here They may not know who you are or have seen you trade before And maybe later in the in the presentation if you want to go over Some of the data or some of the setups that you have with the very objective Of You know information or data that you have I mean, it's up to you, but just a suggestion there That it's very very compelling That you have that and If someone wants to Won't be a trader. This is what they need to do Yeah, yeah So I will continue over here to analyze the market and see for about another 10-15 minutes Do we have any setups if uh, if not we can We can we can review some setups together, but one of the I would say most important things over here would be looking at the work we've done during the years And the podcast and the setups and then of course Any body can really think what he prefers life is free And the word is free. So uh, but what we're trading is based on a systematic approach of trading analysis together with order of flow Coming from a manual with certain setups Yeah, I mean like your your pullbacks to Moving averages and and levels of liquidity is golden. You've been trading it for years Also, your fades back to Your moving averages is golden. We've seen you do it a thousand times And and we've seen you just make tens of thousands of dollars as well Uh, the It's it's a general comment is I mean there's a worthy comment to say that well, you know Someone that is new in here and they're not quite following along to maybe just give a little bit of background to it Absolutely, absolutely. And also Bruce you should always put like, uh, you know a filter for spam because that's normal Well, I mean, I I can understand people coming in and and there's so much information out here Uh, and a lot of it is really really horrible um I think your your, um Your trading styles, uh, and your information is extremely objective Uh, and very simple, uh, and very straightforward and you know exactly what you're doing Uh, and it's because you've done your back testing and your studying Uh, and that's exactly what any trader needs to do Yeah, um But anyways, it doesn't matter. Let's look at the price action over here together on meta This is our trend right now and you can see traders level of liquidity Down trend so we're still looking for this trend break over here And if yes, we'll confirm Trend break on meta tesla everything then I'm going to look for possible short scenario For now, I'm not really trading this market uh I took one scalp for the whole morning on big caps Simply no, I would say uh Any a plus set up to trade so sideways action Nice rejection of it here, so we'll see if we're gonna cover Something maybe before the the end of the session but thanks everybody to put also great comments and Getting the room and learn and it's always positive to have a feedback Yeah, yeah, no, I'm sorry to kind of throw you off your game. Uh, Joseph That's not my intent. Um, it's just that there's some very objective, uh, Things that you go through uh in your in your trading plan and your trading style Uh, one of them, for example, as you said like there's nothing to do here except wait That's golden. That's golden right there. That keeps you out of trades Uh, instead of people hitting the button And uh, that's just one example. Uh, so uh, uh, don't mean to throw you off your game. I mean to Uh, for you to explain more of your game. Uh, in fact Absolutely, absolutely Is the same thing I said this morning Uh, besides two stocks with a small cap planned I said there's no really clear, uh a plus setup scenario even because it too we have the fomc So I remember like a couple of weeks, uh, no, maybe a couple of months ago It was always on wednesday and it happened the same thing And we were saying okay today is not really the the best that uh day of the week Uh, in this case for the for the news coming out the data coming out to trade But I mean it's still good to and important to read these levels over here. I think that's Useful for traders to understand how you make the plan. How is the process? So that's that's that's great. That's great Over here in this case In this case traders we have over here a double bottom at this level here 164 165 Uh, so they're clearing out some liquidity Over here. We have a big soak. You can see 200 around 200 Uh, 22k, sorry 22k right away is starting to reject So I'm gonna see if they're gonna hold over here the level or It's gonna do just like before it's gonna start to over here Dip and and wash in this case are pushing The bar is coming in and always remember The work you have to do goal the specific plan strategy obstacles how to overcome consistency routine habits mindset And this is the the path of a trader So when you have a goal, you have to know exactly what you're looking for When you have a plan Is uh a strategy So a strategy means you have to back test with files data That's whatever you trade. That's the reason why for example, there are some apps out there very important that they make you They show you the results of your training based on the steps you're training Also, one of the main characteristics of a trader around right now trader 2022 Is back testing all the data that you have for example, let's say you trade small caps You're gonna look for those Gaps the stats at times extends how much extends how much it fades That's the reason for example Why i'm using like data over here stats And then I do my back testing if I go over here in history And I start looking at all these stocks over here. I can filter for more than 500 parameters. So I have like Dozen and dozen of sheets with all my parameters And I'm specifically looking for certain setups certain scenarios That is systematic trading when your trading is back tested Uh, and you have all the stats by your side Then over here we have obstacles. So for example, this is the first impremise is us our way Our ego our emotions the market itself And how to overcome taking one thing at a time improve every single day keeping uh Like a diary like a notebook where you have like basically written there all your I would say your struggles Also how to overcome so put a plan over here how to overcome your obstacles And then consistency that is created through all these things together. So Having a goal having a plan overcoming obstacles having a routine Form habits and that forms a strong mindset. So all these things together are necessary for a trader to become successful And uh, this I mean not everybody's able to do this It takes a lot of time a lot of effort, but of course you can start from today like Doing this and trying to I would say improve each one of these categories over here Yeah, I mean I I think uh This I mean you've learned over the years The simplicity of your setups Uh knowing exactly what you're looking for Uh, and then having the back testing and the data from from each individual trade Uh in an excel spreadsheet That you've shared with us before uh, and um, you know are shown at least And saying like here look, I know that this is what I Have on my on this setup on this pull back to moving average et cetera And then what what I just love about it is you know exactly what you're looking for Uh, and then also trader psychology like I always kind of um Downplay I you you always say oh, it's all psychology and it's like yeah, you know, no, no, it's not really I mean, it's like if you did your back testing you have very, um Uh, you have tons of confidence in knowing exactly what you're looking for and how to trade it That's that's the trader psychology right there You know, you don't need to go. Oh, you know, I don't feel too good today or you know I those are important aspects I mean like if you don't feel good if you have something in your life going on then of course Your trading will definitely you know, uh get impact But I also believe that the more I would say systematic approach you can keep in your trading The better your trading can become And be less influenced by emotions. So this means at the end doing less errors. Okay, that's that's the main point Yeah, yeah. Yeah, good good point So over here we have main toss still sideways over here looking at Rev nothing evoke. I'm still holding short from this area So right now it's bouncing from our level over here 290 We're gonna see if we can have another 330 ideally into this liquidity area to react to our short Otherwise, I'm looking for more 250 240 main target today Right now what I'm looking is really the price action traders So if I start seeing over here like more sellers or more buyers For now, we have a low volume on these pops. So for me, it's just like going to react Not enough liquidity to push it for now any other question traders Let's see here just a minute Yeah, yeah, you can't throw Jay trader off his game. Uh, McLovin. I like that. Yeah, that is true Uh, it's super solid. Um, so Um, uh, no, I think we're all caught up. Uh, Joseph Looking looking pretty good. Yeah, nothing's moving right now. Let's look at the bigger picture here Someone's asking about how you use the sweeps indicator Oh, okay, so, um Small caps and big caps Over here configure add-ons sweep indicator I tend always to have a traders to over here automatic mode So I let this calculate the wise you we need one Different for every single stock traded. Okay, it really depends on the the liquidity the stock has So for example, this is on a on a small cap this morning. This was evoc and uh I want to show over here the gate Each time we had in pre market breakdown of the levels sweep over here And then it pop Broke down over here. You see this level of support Broke down sweep working again Over here, I would imagine to have also sweep, but probably was it the lower level Over here happens again. So we have a breakdown sweep over here. So all these fast washes, right? And then again over here Sweep and then a breakdown over here sweep again sweep sweep So break on these supports over here Boom Somebody's triggering stop losses and then we have this dip dip again dip again over here So that's That's what I'm looking at each time So when I'm in a trade and I'm looking to hold the trade assuming that I'm short These are fewer my tases to be short to be holding for a short position. So let's see for another Breakdown of the level over here three It's amazing this morning Bruce the user over here. We had with book map at these levels I mean simply perfect perfect perfect perfect And this was the the main big trade of the day I mean we can load on this so One treat a day is just what you need Just what you need over here This is from today Evoque started 340 lonely double short evil 350 called the 10-0-3 Loaded short on evoke by chances Traders taking the trade and now we're holding for all the way down But we had a breakdown of this level. Let's see if we can get more 290 It's very slow right now. So we're gonna have those big flushes that I like Let's see if we're gonna break this Three dollar area We have multiple requests here from nano for solano this morning I was looking at bitcoin And Over here, we can use even book map data always the We may not support that one joseph. I'm not sure As a matter of fact, yeah, yeah, that's okay Okay, anyways coming to Solano traders. You cannot trade crypto if you don't have for example, btc In as your guide it's like trading big caps tech stocks, but without trading without looking at es So over here, we have a main level of demand into the 19 500 and then another one in the 12,000 over here Um At this point over here between 18 and 19 20 on the coin if we start seeing a bounce Then i'm going to look for a reversal with Intraday patterns and then I will look personally so don't follow me. This is what i'm going to do Solano polka dot chain link those are the three Main I would say coins that i'm looking at Um, so if we see over here, this is the price section We say perfect So if you have for example could coin bitcoin cracking futures All of these setups over here were perfect shorts that our system gave us So i'm actually working over here in an algo that trades me this automatically So all of these levels that you see over here are shorts that you can take on futures Bitcoin in this case I'm looking at sol but when i'm looking at sol over here usd I will stay with a higher time frame So i'll be looking more into an hourly chart And again the same exact price section What is most important over here to observe? So start looking and comparing for example Bit BTC usd. So when I have bounces How the bounces happen and for how much over here on sol So start looking for those because over here we got to the main previous support area So bitcoin will start like bouncing and I will start looking for these patterns over here Then sol could become very uh, I would say Very good for a trade of course You have also to measure the risk of your investment. So always do your say analysis Look at your risk trading these coins remember This is still a good one. So we're talking about the first 20 coins around But if you start digging into very small coins Um, I won't say the word but basically I call shit coins 90% of them they will tend to go to zero. Okay, so be careful really what you're buying We were at 60 brews and I was saying not to buy bitcoin We were at 40 and my system was telling me not to buy bitcoin because we wanted to look for 28 We are going to the 30 my system is saying let's wait for 20 I started this morning by something into the 19 on btc euro But just like a feeler a 5% position So in the next probably weeks months if I see a consolidation if I see my system really give me It's an algorithm in this case for the swing Uh, it's giving me like really uh entry Timing then I will start buying my position for for a bounce over here But this is just like my personal trading so evoc So holding this traders and this will be probably the only stock that I will be interested in holding today for a short No buyers right now Big sellers this time we pop perfect fader low volume Just holding it. See you see it is still not done right here. So holding that's 280 We'd love to see a midday consolidation on cdu And then what pushed it upside Right now we are holding this main area over here of demand So this is a weakly strong level of here of demand With a micro support around 270 we are below that pre-market high I have no position over here what I'm looking is Two things right now or a possible reclaim of this area consolidation And then looking for afternoon long. So this could be a good setup for me too long And for now I'm not looking really too short over here weakness on ssr. I've seen too many traders getting burned Um Yeah, just wearing over here So when when do you uh look for shorting uh ssr stocks? Only on use extensions on stuffs Uh was looking this morning the 360. I didn't have that level hit. So I didn't join over here short Uh, I had a beast set up to short. So with lower size, but this was the moment that I was connecting With two traders. So I had a longer here and then a short setup over here Uh for the morning, we only took long from This level over here 260 until this side over here 290 we took that long over here And uh, then over here with a secondary push. Sorry This is the no, this was the long we took we took it along over here Then secondary push over here to the upside And then over here third push. So one three moves we had Now it's pulling back. This really bruce gives an idea over here Holding by 11 o'clock just as mid-range. This is a fib area Uh, just the zealons. There's a high chance afternoon. We're going to have a push to the upside So careful traders if volume comes in because this could be get us even to 360 today If it fails, I don't care by stats. Tell me there's high possibility Of squeeze today Yeah, that's a really, um, good point, uh, Joseph, like, um I think the squeeze is possible with a reclaim of 290 with ball Waiting for those levels or simply nothing for now just like no trade for me Yeah, yeah, and then and then going with the squeeze, uh, uh, if you want to go short on these kinds of stocks You have to wait for forever and else to get stopped out Um and squeezed uh for for you to allow to pick it up Yeah, you never want to be early In shorting this these things when they go up because uh Uh, if you catch the front side over here on SSR, it can really hurt you bad So you have to wait for toppings. Generally, I don't suggest beginners Uh, to trade short front side, um, only if you have a particular solid level and some, uh, for example, uh, big stuffing Uh, soaking, uh, using order of flow. It's possible. Otherwise, you simply have to wait When I check over here the stats again on, uh, etch to trade This is SAR which is in perfect range with today Meanwhile, we have Tesla over here just showing a little bit of, um Of strength but not really entering before the dot of today if I'm going to enter today on big caps My big cap setups are paying 82 percentage Uh from the start of the year with 4 point r profit ratio I share my stats in the room And always the month And I'm waiting just between two and three trades per week So I have really no intention over here to jump in for Be setup or a C setup something that is not part of my trading So I'm just simply waiting patient. That's one of the most important attitudes a trader has to have Yeah, that that was something that really caught my attention. Um, I don't know year couple years ago When you had mentioned like, um, oh, yeah, I trade futures. I trade the big caps um, but only I only get two to three setups. Maybe maybe four a week And that that fit my, uh, my strategies Uh, and therefore, uh, you started trading the small caps because those do Meet the strategies every day. You're going to find something out of all these stocks But again, like very specific, uh, strategy very specific way of trading And then waiting for your setup to match, uh, these, uh, any of these instruments Exactly. If you don't have stats, you know, that is just like talking and not really having the numbers to always say, uh, Give you the confirmation consistency and confidence in your trading So stats are the first thing All right, Bruce. So 1130 Uh, I think we cover some very good stuff today Market okay, it was not moving, but still a good trade on ebook. We explained the scenario Uh, we explained the price section on cdu Uh, we went over the main features of a traders to have Uh, and also we explain how to look for reversal points and using the higher time frame charts as for example, we're making analysis on small caps At the starting of our streaming So I think we cover some good stuff. Thank you for the great comment traders Uh, look back in our 2016-17-18 also on a jtraderico YouTube channel Come join us in the room and you can see yourself what we're doing Be mentoring more than 1000 traders in the last five years 15 of these traders now work has had traders at prop firms and firms So pretty good work we're doing with Bruce over here to give you free content Always feel free to reach out to us Follow us give us a thumb up for the youtube video for book map because it's doing this free for you traders to grow And again reach out us anytime you need and thank you very much. See you next week Thank you, Bruce. Thank you book map and see you everybody. Thank you, Joseph