 Good morning traders and welcome to the bookmap live trading webinar. This is the bookmap advanced education that we have daily and Today we have well every Wednesday. We have a J trader Joseph. He's a stocks trader and he'll be going through live trading examples 10 a.m. On until about 11 or so Eastern time here and Let's Let me jump in here. Let me just get set up here. He'll be in in a few minutes. He's always Comes in late. He's finishing up with his trading room and And then he then he's in in about 1015 1020 something something like that. All right, so We'll keep a look out for him as he jumps in here. Good morning, David. Good morning, HEE Okay, yeah HEE I'm My apologies, I'm getting up and running with some of the things on on your account there Yeah, I can I can speak with you later. Okay, so yeah, sorry about this I was dealing with this morning and then I just got hammered with a bunch of Meetings etc. Anyway, let's move on and you guys know who J trader is So we'll continue here is contact information. I will put into the chat So if you like the way that he trades, this is something that resonates with you You can reach out to him and he offers education and mentoring services So in fact, I'll put it into the chat right now for you. Okay in the go-to webinar chat There you go. So you can click on those links or copy the his email, etc All right, the disclosures need to go through this And so you guys understand what you're getting involved with here and why we're going over live trading, etc This is important. It's it's not to be shadowed here. You should know about the risk disclosures. All right So all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendation 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 substantial risk of loss and is not suitable for all investors and Investor could potentially lose all or more than the initial investment risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. Good morning, Doug and Fawze, let's see There's the beta version for the on-chart indicator stops Yeah, it's It's I'm not sure if it's available in the current download. It's it is for the beta version, but You know, I reach out to support on that one Fawze. I think that would be the easiest route guys, so just about the the risk disclosures that you understand that he is trading in demo mode and the reason being is So not to not to it's a shadow. I mean, I mean, he's an excellent trader. There's no question about that And you can learn about his process learn about his trade management learn about you know, his kind of mentality towards the his setups and his outlooks and His risk management. This is the key. Okay, and That's what we bring in the live trading for okay, not to sit back and oh, he's buying. I'm gonna buy that's just it It's just idiotic and it doesn't help anybody That's supposed you lose Then you're gonna go. Oh, they don't know what they're doing He completely knows what he's doing. He knows a very very well how to trade. He's very successful. All right, so Anyway, that's one of the reasons as well And let's let's jump in and we're gonna go through the Current market right now with S&P e-mini while we're waiting for Joseph to jump into the room here. All right, so Yeah, just taking a look here well another strong move off of 60 now we sold off a few days here and We can see that Strong move here at the 930 cash open back up above this swing right here Okay into high liquidity up here and it's still trying to get a little bit higher here Looking for 40 70 and 71. This was a key area. We were looking at yesterday and we traded through it Bigger picture analysis is needed here because we cover this on Monday, and this is really important So let's take a look at this. This is the daily and you can see the strong moves here on the breakout all-time highs, etc And then you can see a bit of a slowdown here yesterday and A narrower narrower range and you can see today It's kind of struggling right now. Okay now what we covered on Monday. Let's look at the hour chart here Okay, we were looking at all sorts of iceberg orders and that was on Monday, which That would be the fifth So let's see where exactly is that And I know that we mark this up and I just want to go over it again and keep a look out for it Okay, because if we start to see a sell-off here, we're looking for getting below Our level here, which was 4050 okay Yeah, here we are in the fifth and in this area and we're going sideways here now It's still bullish the structure on this hour chart is still bullish Okay, no no doubt about it Right, but we're going to start to see if we get a test down into some of these areas and start to break it If we start to break 50, this is where we're looking for on Monday that higher timeframe order flow analysis a lot Due to the massive selling of icebergs. Okay, so, you know, just something to keep in mind on the higher timeframe here and let me I Kind of mark that up again. So we're looking for the break maybe around here Okay, 4050 and then the move down into somewhere, you know, somewhere around this area here Okay, it would be something like this 35 to or I think we said 38 to 21 Type of area here. All right so keep an eye out on the higher timeframe if we start to get down in some of these areas and we start to see momentum to the downside Right and sellers of big sell dots Starting to come in them adding on the offer quite a bit them pulling on the bid We we see a nice kind of a juicy move into this lower area here All right, just something to consider a scenario at the moment. We're still bullish. Okay, until we see something different anyway All right, enough said, let's let's look at the lower timeframe now And then still waiting for for Joseph to jump in here. All right on the lower timeframe Yep, we were just looking at the the nice move to the upside here Higher liquidity up here at that 70 level. This is something we covered yesterday the 70 level And you can see it's kind of struggling here at the moment So can't can't even quite get up to it yet and we see some sellers already You know kind of quick move down here. Now, where did this move go to? Okay? This is why we're still bullish here. It went down to point of control and it's still holding Right pointing control for those of you new to that concept in auction market theory It just means the most traded level. Okay, now it's been kind of you can see how kind of sensitive it is right now There's a lot of trading up at this level here. So it's been changing quite a bit here Right, but more or less the average is somewhere around here, right? And so far it's supporting it So the scenario for the for the sell side would be this. Okay, let's just open this up a little bit Okay on the sell side what we be looking for In this scenario would be Down at this level here. Okay Start to see these big red dots. Okay pulling that market down Right. We're not only big red dots, but price movement together with it Okay, and then this can open up into the move into our 50 level Which is well, I mean we'd be looking for the move way way down into, you know, the the Cash open or even even below it here. We'd be looking for this liquidity down here around 60 All right, so just open to that scenario and looking for it. Okay The first move on this one if we're looking at smaller time frames, we'd be looking forward to move down to 65 Okay, as simple as that All right. Anyway that's the kind of higher time frame and lower time frame scenarios to take a look at on the Higher time frame as well like like said, you know, we're still breaking out to new highs here struggling a little bit last couple of days And then let's see if we get enough fires up here right now Hey, they're pulling here at 69 and a half. Hey, let's see if we get our volume in here. Okay green dots To trade up into 70 and 71 They would love to see that love to see a stop run it as well on the move up here And where is Joseph and he in see in here yet? Let's take a quick look Not yet There he is. All right. Good morning, Joseph Morning Bruce. Good morning, everybody. How are you? Doing better. Thank you Bruce for asking. Yeah. Yeah, everything Not not quite back up to what it was before but feeling much better though Yeah, yeah Feeling better, buddy Good to hear good to hear Okay, let me just turn it over. We are we already kind of We're already prepped for you here. So what take it away. Okay? So let me put Show screen. Okay. Do you see GME book map and charts? Yes, okay, perfect. So this morning traders I'm gonna start with Small caps then go futures and big caps We had day two on SJ so Yes, they use trap over here halted SJ Trap early short sellers. You can see if we put a one-minute chart You can see the difference Gonna do like this We can see the difference over here high volume, right? And you can see great volume. So we have big buyers to low volume Low volume Consequence was done. Why this morning? We're looking for a fader. So reason to short My plan was to short into the 12 1240 to $30 era never came so no trade over here Then we had BTX Another day to this work perfectly So plan was to look for Jlan rejection Ideally 590 up till 610, but you can see over here. We have a third Jlan rejection second Jlan rejection Sellers sellers sellers now the volume simply died On a day two is pretty Common this star ASTC So we're still in the trade Almost all community traded this I post even on Discord book map. So we decided to This is with My cousin we decided to short over here at the top first cover Small over here more cover 240s and then looking for two The point over here that we saw use amount of sellers this pattern over here is called blow up of volume gap and extension came down Jlan rejection and simply I explained in In a book map the score room how this setup over here Was an A plus it up to reshorted to 66 risking to 72 Because if you see traders This level, okay, we're gonna do this if you see this level It's full of book map resistance. So it's full of sellers and this the exact call that we We had some traders took it and then looking for more unwind Some support now the 240, but we expect more unwind ideally if we have a push to 250 260 Into this area. I'm gonna look to add a little bit more for We're actually Short on GME GME is one of those stocks that I Not really like it, but I have to say we have a lot of range So you can see two patterns over here First we have this 180 195 consolidation yesterday was an inside day. Okay, so the range of this day was inside This range over here and now we're still inside the trains and we're forming a pendant. Okay Pendant or seems a bear flag. So we shorted this morning the 183 Why why we got short over there again? We had Sellers and book map We had pop into the five-minute jail is in fail So we're looking now for the break of this pendant and and why this will be probably the stock that we're gonna follow right now Okay, also we have Roku and yes. Yes gave us two perfect entry points at this dip I'm gonna show over here. Yes I mean, this was simply marvelous. I'm gonna do like this because I think it's very important You make understand the patterns Okay, mark it if you want to have an edge you have to learn the tar patterns Over here. We have the first support. You can see this level and Then we have a second support this work like crazy over here with book map support down here Okay, so This is another one that I will be keeping on watch today. So for now, Jimmy is The main watch, okay Let's put on book map Jimmy. You can see that we have some support 180 Right now we have three to one Buyers, okay 29 and 7,000 and this is the trade Over here into the 182 When I see if we can have unwind otherwise gonna risk 182 and 50 almost break even okay I'm liking the fact that we have sell over here sell over here sell over here. So This is a Pretty good confirmation when I'm looking for short or vice versa if I'm looking for Joseph just a quick question on the kind of higher time frame stuff that one of the stocks you went off over. I think SGA previously about big candlestick move up above and then rejection and then sellers come in on the other side You you name that or you have a name for it like Which is often an extension. Yeah extension and fail. Is that what you called it? Yeah gap an extension because often you will have like a gap in the small caps or even in the big caps You'll have really a gap then you have that pop and then a few Jimmy is a day two for me Which is the same setup as we have on SJ today or a BTX when I see this Beautiful seller beautiful. Yes working Jimmy. Perfect, Jimmy I'm just curious what might be the difference between that and your stuff It's a it's basically a Cell that is not always a stuff so really can be just even a small and Pop or even a slow rejection But the fact that the one-minute J-Lines is below the three and the five Give me conviction to take the short and look for that one Now that's that's beautiful right there So we added on a sdc, which is a gap an extension up here We added on the GME, which is a day two We added on BTX Which is also a day two you see over here one minute J-Lines one minute J Okay, perfect read on GME for this morning. This will be our pick today. Okay, so keep comfortable Stay on your sofa on your chair and we're gonna follow this So my average is 182 in 10 I'm risking now break even Sorry 182 in 20 risking break even and at this level. We also have the signals Okay, I'm using a five-minute chart, but we can use the one-minute chart. This is when I see All these Inside bars all this consolidation very choppy over here. I like to shift To switch to a five-minute chart so I can have that for now Feel break down. Okay, so careful in case we'll have our person GME so we have two Big supports at 180 180 and 50 they were basically soaked you can see over here soaked 35,000 almost at 179 180 Which is this level over here and bounce. Okay, so Careful in case we have a bounce back up to the table just so I understand it conceptually so the the gap in extension is just because it's At the open correct exactly and it's also a gap Okay, and the stuff is something where it's I mean it the concept is the same It comes in the same but stuff is a fast rejection that can happen any time of the day. Okay, got you So yes working over here. I think we will keep also. Yes on watch As I said We want long on the day lines on the James book map support book map support. Okay, we had some days Where yes simple like trended so much And we had so many dips on the Jalen. So this is really like where I'm looking for Roque is still lateral over here ASTC no setup for now Isaac was a pump We have also I'm sorry. We have also UTM E Halted a couple of times over here So from 50 to 110 Not really looking to treat something like this not my favorite style Has the choppy lateral B. A. Still lateral to here Baba was also in watch this morning lateral See Twitter, would you break out? Anyone on the trading floor there making six figures in Tesla today? No, because it was simply super choppy so Not really or Boeing Yeah Tesla over here. We have this consolidation three days. We need we need to break or 680 here or 715 720 Boeing the plan today was to look for a short Bruce Both on this and Baba But I don't see for now any kind of big sellers So we can do like this we can keep it on book map as well While we're managing Jimmy, okay? And we can see on BA if we're gonna have something on the table to say Tater is mainly book map And see if we can have a breakdown of this consolidation on BA I'm gonna keep only for stocks. So maybe we can see it better BA Jimmy Over here we'll put ES and AST see over here. Okay, so you're gonna have These five stocks. Okay, let's look for stocks Be web over here We have some support to 54 to 54 and 20 to 54 and 50 So they're actually trying to hold over here be a careful big support 180 been retested on Jimmy GME is working very nicely there So we need now if we are short, okay? so Jimmy what would be the next possible answer what will be also a Good target, right? And we can see over here that we are breaking this 180. So I'm looking for Book map generally at the whole round-dollar number. So 175 170 165 160 if you look the Round-dollar numbers traders. You always see in the big caps buyers Okay, and on the supports now they put some support at 178 Okay, but I'm not really looking to get out 178 Despite this because look how many sellers we have over here 21,000 18,000 16,000 These are really big traders over here dumping If not the the same trader or may have many traders using their stop losses for short Okay, I would like to see the 180 Resistance stacked so we'd like to see Sorry, we'd like to see some Happy sellers over here follow sellers and then More in line from there for now we have not this In the meanwhile ASTC dumping strong. We're still holding this from around Let me see 295 so we short exactly up here This is the level Where we shorted here boom? Risking three bucks. Okay, so we were risking six cents for a five six cents Target is below 220 Nice use unwind Each time we had pops into the j-lines was also the same level of heat maps We hear over here more pops. Okay 179 beautiful Beautiful beautiful beautiful Jimmy Jimmy sick over here traders sick. So once I mediate I'm taking a little bit of profit over here Alright Only because I need to pay myself. Okay. I need to pay myself Just if I have some questions on that how you pay yourself and how that kind of maybe You know causes potential issues with your risk reward ratios mm-hmm Tell me tell me Bruce. Yeah, I mean like so they say, you know, you have you know Thousand shares on you take off like, you know 500 at a certain area But you've risked more on your stop loss to begin with You know, how do you how do you kind of like manage it so that you're always kind of net profit With that with that kind of management system Okay, so for example on Jimmy I'm looking for at least five buck Full size profit and I was risking only one buck So I'm gonna have at least between four and five far on a STC My main target was 240 the first main target And I was risking five bucks. I'm already like 12 are in the money even with skilling out So before taking a trade always calculate my profit. Where is my profit target my risk and where I have And how much is my risk reward if I don't have at least three are Risk reward. Okay, so I'm risking one to make at least three. I'm not gonna take the trade So everything that I trade is simply systematic and calculated nothing is left, you know to emotion or ordinary decision Just it's great to hear Yeah, it's one of the most most important key things if you want to start leverage your trading if you want to have size We'll never risk. Let's say a short one buck to make one buck. No, it's not for me So straight I want at least 175 Right, and you you are also very it's very high probability trade that should work out Yeah, for the most part anyway percent since starting of the year and Depends from the from the class as a product, but same almost last year Yeah Yeah, it's just that a lot there can be a lot of confusion, especially when you're trading kind of higher time or lower time frames about that management and Maybe you you understand the setup, but you mismanage it and maybe it's break even or you lose a little or make a little But you could have made a lot more Exactly exactly. That's the reason why you always have to have a strategy But tested to know that for example on something like ASTC get an extension 80% of the time 80% of the time I will get the five-minute J-Lines So I'm basically trading with adds to my side risking five cents to make an average of 40 cents Which is not bad between 40 and 50 cents So over here now we can have maybe a re-add at 181 and 30 we will do this on Using book map over here to show Simple simple subs so Jimmy going down Jimmy is at that support. I want to see the break on that support Let's see if we can have the VWAP J-Lines 181 50 is the level where and it's I'm gonna short For this now showing you 300 shares we'll start with 100 Then if it goes it goes we're gonna add so we show the 100 risk 182 and 40 I want to take a really profited one buck and 20 and what we have one buck one buck and 10 cents To reduce my risk and then hold the rest I don't know Joseph that entry. Could you could you've gotten a better entry on that one? always should ask even this morning on Not DME I'm not the first one the second. Yes, but on a STC always short ask Because even with your brokers You will have basically rebates So those rebates will at least cover partial of your commissions So right now basically is risk-free the trade This is only an ad okay because it's not the The main set of the main setup We're short between this area and this area The first time to add a little bit of slippage But this was the the main entry So right now what happened? We took already that one buck and We're risking break-even So if it goes down, we'll be extra money if we have a break-even Fine. Okay, so we are looking for J-Lines V-Web Level over here of where I saw resistance And that's it right now. You're already like one buck and a half In the money always double check You're one minute. You want to be absolutely sure of what you're doing. This is a pretty good level. So this is a J-Line rejection and this is the level of J-Lines rejection Now I see over here what more sellers Than buyers So this tells me we have potential to unwind. We have to break this 180. Okay, always the whole round the number CSJ if we have something I'm watching also a pump right now really a pump trade which is BNSO In case we have some eight plus setup We're gonna look at it by the price section over here Let's check with second Vienna. So By the price section seems a micro flow to 100k bone and not even in mind to trade something like this So we have a resistance the 1044. I believe this will simply drop down But no liquidity over here spreading. Don't even think about it. Go back G&E So there hold, I'm sorry, they're holding treated this 180. You see we have as many buyers as many sellers Let's check also. Yes So still uptrending is to see unwinding be a we had that trend line break So be a we miss this I miss this So we had this J-Line rejection trend break. Okay, okay getting back to the 181 I don't see any kind of resistance stacked I'm sorry if I will cough time to time. I can inside over here any time to Cover it in the money Okay, they put a little bit more resistance We can show it another at 181 Let's see if we can get filled and we cannot really use size over here Because in two seconds can spike But we have five thousand against five thousand not a very big balance We have three small supports 180 to 180 and 50 and right now they're doing For now until we are below 180 and 50 is a bear flag, okay, so there is like 25 30 cents spread over here. We need a break of this Trendline, okay We need another break of 180 So I'm risking now in the money 181 small positions. All right So you cannot You cannot oversize right now this There's no that use liquidity that I want to see possible breakdown coming Okay, so Let's see over here when a 15 180 and 20 We're risking break even break Let's cover another half at one dollar and a half of profit $1.70. So we're risking very small. We're making three times more each time Off profit, okay, so we got filled over here What I short ask over bid what I don't like is this double supportive here 178 Okay, so that's the reason why I wanted to cover. All right So over here Bruce we could name this Sariqa if you're gonna post it even on on YouTube page to J lines rejection this one and this one so one two And we have the first one over here which is Number one the second one over here number two so perfect way How to short Jimmy, okay? Yeah, it's it's yeah, it's beautiful There's and you also had that VWAP in book map there exactly exactly and for The other guys like with auction market theory like that's basically moved back to the point of control of that kind of previous Consolidation period and rejection I guess a lot of things going on right there if you see over here traders. We don't have a player drop They're still holding some way So I first don't see that huge amount of sellers. We would need to see on a break of support And I still see that Mainly that is not for the buyers. We don't have buyers at all as well. Okay The fact is Think we're gonna have another drop over here. So they're very tight this level waiting for this drop to 79 No reason to cover now anymore. We can trim something at 78. We have this or in the money Before this one 81, okay So very tight to this support looking for more break We can check in the meantime if we have something else But I think that Jimmy is a perfect example on how to use book map or and ones If you have questions just like please I mean, I mean something that was Really nice to hear is that your management style By looking at the heat map and the supply and them starting to raise it in some of those levels Like a 170 179 and then they added what you said at that 178 kind of double double area there front running I'm sorry So right now Bruce even if you see some green over here, I really don't see any buyers. So that tells me Okay Holding the position stand respect your trailing right now risk-free You want to take out half now what we have so one fourth at 178 so before the support Okay, if we break we're gonna look for 175 So the more we hold the trade the more the trade works in a favor The more possible are we gonna have But it's very hard, you know, if we wanted to treat it like 300 never got to 300 maximum half position 150 shares it's very hard to Load the boat on something like this Because in two seconds this can spy, you know, but big loss Because it's ready and there's not that huge amount of liquid. So Joseph, maybe Can you mention like why you're trading like? you just mentioned about the lack of liquidity and Then how do you determine your sizing? Basically, I start looking at the Orders that are passing through and you can see that we have an average over here around 2000 And if I'm getting stopped, okay, I need a safety So where can I get out without risking too much and that I will get filled? Let's say that we have enough liquidity to trade even 5,000 shares, okay And over here we have only query of 2000 1005 What I'm gonna have like a two three four five dollar stop in order to get filled. No, that's simply impossible It's not good risk reward So on something like this morning is to see you could size whatever you want On something like Jimmy right now. You cannot simply size whatever you want So you're looking at time in sales and judging kind of average fills. Yeah, yeah Absolutely Like with it here Bruce in two seconds bounce on the support one buck So means that let's say you have a decent position over here short This can push and you have like a stop maybe two or three bucks So it's not gonna it's not gonna work for your risk reward You're gonna lose two months versus your possible profit Wonderful stuff. Thank you, Joseph Welcome Okay, 179 seems gonna collapse over here. Why I say that because I don't see any kind of big support Okay, I don't see any kind of big buyers The majority of the buyers are 178 Below 178 we go directly 175. Okay, so that That would really be our big trade Okay Be a actually on wine are pretty good so Unfortunately, we missed it Let's see For one second right, I will move. Okay, we'll change over here. So the top was 250 exactly over here in that Shiny liquidity and this over here to 55 beautiful. This was a very very good setup Let's mark it This was another good setup. So we have VWAP We're here Jali's rejection and over here. We have this Jali rejection the max risk would have been 255. So risking 30 40 cents and it went down like a couple of bucks. Okay, so this is What I like to see That's why you have a trading floor. They captured it, right? Sorry Bruce, that's why you have the trading floor there. Oh Yeah I don't know Joseph. I foresee like a San Marino prop trading room in the future That would be nice Bruce that would be nice Yeah, and I'm not kidding you if you mentioned if it's for real I very well may You're always invited over here my friend always invited pasta some pizza some good wine Is actually snowing very bad over here really yeah, yeah, does it ever snow there? Yeah, we're a little snows, but like you know, maybe Yeah, like one one foot Maxine Let's see. Let's see. Let's see. We can have the breakdown. I want to see some big wash over here Look BA how beautiful is working the same setup that we see on BA traders the same setup over here The same setup and each time I use bookmap confirmation very simple stuff. Do the simple stuff, okay? Sorry This over here. Okay So Jimmy So why I want to cover in the 20 or the 30s partial Because there's a big possibility that we don't rate at 178. This liquidity is pretty big 20,000 over here, right? And we can hold it. So What I do I prepare Partial And I'm gonna look if We will have that 30 and covering to the 30 Let's Erase this. Okay Nicely quitted 180 now. This is what I wanted to see Bruce If it's just not spoofing. I mean that he's over there and he's a fake Take order, okay But I believe this is real and we're gonna have more unwind So this is what I wanted to see but how can I trade now short over here? Far from J lines or from V web, okay? I exposure myself too much For a one-on-one risk reward trade for sure 179 my risk would be 180 book map And my first target once an 8 in 20. So that is the what Bruce before we were saying about The one-to-one this will be one and this will be one Fairly, how can I trade this? Oh, there's no way. Okay, so I'm simply gonna wait They're removal of gritty. So they actually over here ate it. Okay This this this and then a little bit more kids Great great stuff Joseph. It's just so simple and clear Yeah, that's the best way to make money and to trade I'm looking if we can see other patterns, but patterns are gone over here Let's see We have some pumps, but very low liquidity very small flow The one I'm getting is something like that. All right. So now I can decide what I'm gonna do over here Personally, we're gonna break this one 79 and 180. I Will simply get out market. Okay Yes, let's see if we can have a long into J lines Okay, yes start to pay attention to this. Why say that? Look over here if this was not super perfect this morning. This was incredible. So we add this this this J lines dip J lines dip and V what over here and then we have another J lines dip J lines dip So this is how to play J lines curl up or J lines dip. Okay. It's basically the same thing Okay, let's put that Jimmy Joseph a question on the ES Before you got on we were covering it was it's much much higher timeframe Stuff, but something we noticed on Monday Due to a lot of iceberg transactions shorting or maybe they're covering. I mean, we don't really know that but What because I know this is a momentum play, you you know here with the ES What about like any sort of mean reversion trades on You know shorting at the top looking for the the pullback to the J lines Okay, I can tell you that often you will see those resistance That are simply Even like over here breaking and you have to be very careful. So if you are like Dory, let's say Into heat map. Just know that the first dip that you will have often will be the 90 may on the one minute chart If it holds get out if it unwinds you can hold but it's not the trade style that I've seen in the long run giving a lot of I win rate if we have a strong trend like this If we are in consolidation Then yeah, you can try that but basically I prefer to I Was looking this two days ago in this day over here. So Monday Monday was going up. We had resistance big user heat map was going down like one buck boom One buck boom. So or you do microscopes over here, but what's the purpose of that? My point is to get the big move. So I prefer to long the dips right understood the it was a I guess like why I'm asking the question was on some of the stocks We did see bounces off of J lines But then you would you were looking for a short Back down to those J lines and maybe through them kind of a bigger Yeah, it was kind of like a gap in crap type of thing or I like to do that mostly on the small caps Because all the gaps tend to fade because we know that they are like, you know fluff news cheap companies and They don't have every any revenues. They they live by dilution So I can do something Like on a STC. I'm short The the gap in the morning and then I have the on white, but if I do something like this, for example, in Apple And I look too short An extension. It's very tough and I can risk big so I prefer Just to stick to to my plan and look for those those dips to buy or pops to short Mostly trying following Right understood Facebook is going good today Facebook is going good fireworks giving some very very big days like two days ago. Yeah This day over here the the fifth, right? Yeah, the fifth. We had a big breakout You can see that we started the move over here from the 26 consolidation curl push push a Like Facebook a lot moves pretty good like the Saturday we have on it. This was the day Then yesterday we had the consolidation. So this is a perfect example. You can see over here traders that I always trace the Support resistance. Okay, or the previous day Or the previous days, you know, here we have a Simply set up called this is a gap and this is a gap in extension or a pop infill, okay? Basically to call it get an extension that we need this day over here to have like one or two percent gap Which we don't have But we go into that resistance and then we stuff and we online. Okay, so this is a stuff pop infill Reason for me to shorten this here. If you look at this straight over here in the Facebook and if you look at this Set up over here on a STC. This is the pre-market high Basically nothing changes, right? The only thing it changes that is to see is in get pop Versus okay, hope it is a clear Okay. Thank you Jimmy in the meantime almost got to the zealons for yeah, but no liquidity that I like over here. So Let's see This is a pump Don't trade something like BNSO. Don't trade it Simply do not Let's see also OCGN in the small caps The day was a pump so pump from many chat rooms We can reduce some over here. So I'm gonna this I'm gonna put up I'm gonna put up over here OCGN OCGN is a stock that I've tried a lot in the past. I trace a lot of volume So it's not your usual small cap Trade traded even like yes 750 900 million volume a day You can see the dip over here perfect the day J lines, okay But this is the stuff that I want to to see And now it's going for the break of this morning. All right So over here is breakout and this is J line curl up. So just what we said before the J lines did that we see on a Interday pattern we see it over here. So let's see for the support resistance that we have this level We have 26 million not really huge amount of resistance Okay, this is a good support good resistant at eight So let's see At eight five minutes Okay, let's see OCGN. I'm looking at OCGN over here. I want to trade it short Most likely I will look for Sorry, most likely I will look for a dip to the J lines and long but for now we have to wait Let's see how it reacts at at eight These are the cases where we can have a stuff. All right, right? So in this sense the company is not strong No, the company I think is a big market capital Let me check Bruce correct. We always need to look for the stats So by memory It's not a small cap Think was a 1 billion company at 1.4 billion companies. So it's not the usual small small cap 101 million flow here remember this institutional ownership low So means that big companies firms institutional banks are not looking to hold this long term and we have Gaps okay on gaps with these gaps war 20% at least we can put even yeah with the 10 million volunteering of the day We had four faders Five faders for runners with 50 million. We had four faders three runners I have day 1115, but this is not a gap. This is an extension and open So let's do like this Okay, 50 50 50 50 Let's see financials. They have 24 cash Low no revenues But it's a 1 billion company in this case if we short 798 Everybody can see $8. There's a resistance It's too risky it's too risky because it's very strong the volume is still uptrend Or you see a blow up of the ball in the stuff or you're gonna short something like this So don't be in a rush traders. All right, don't be in a rush So in this in this case Because It's a 1 billion dollar company it that's the distinction between that and these other crappy companies Therefore you're not looking for shorting this back down Exactly exactly. It's not the usual gap and crap. I mean this can you look at that daily This can Run before fading this can run this can run This can run. So I would be very cautious over here trading short I'm looking mostly for a dip long and this will take some some hours to develop Then if you are a scalper and you short over here 798 risking 801, that's fine But you have to cut and break you and if this goes back up and you have to look for quick Quick covers Which personally I don't like to do it still risky yeah, yeah, so So kind of like fundamentally, this is not an A plus setup exactly understood Let's see our Jimmy Jimmy Jimmy Jimmy That'll be over here so We cannot see all the prints over here. Let's filter some Okay, let's see if they stuff it Only fistuffs. I will short it but now to rescue it here They're gonna trap shorts You see these poor people over here short 98 99 98 99 They got trapped for now. This is not a stuff strong. They're looking for a break of that 810 get buyers boom Just leave it. Just leave it. Just leave it. Just leave it We can look for a parabolic move that yes, okay Bruce We can look for a parabolic move that we can do it So we will look If we have that No, it's it's great Joseph. I mean like you are filtering for your a-plus setups fundamentally and technically And for them to meet the criteria Then this move away Doesn't give you the FOMO that We all experience Now what I'm looking actually over here boost we can put even This higher, okay, so only to spot the bigger orders We would need to see if there are stacks so they create the $8 here big support Or not so in case they create a big support consolidation Maybe it could be a scalp long but for now just a little bit too risky There was a question on your time in sales filtering if you can maybe show this show us that again Yeah, absolutely, so If I'm using small caps Generally put minimum 4k shares Being that I want to see only over here the big orders I moved it. It's not a filter that I usually generally 8,000 we're here. Just want to see the big blocks. Okay passing If I'm using big caps, I'm gonna use 999 and look over here Bruce. They're like simply Where is this time? I Like this because first They rejected So they collect over here break out traders and break out trader then they stopped out Over here. They probably collect the short sellers and then Short sellers probably added a date in the rejection and then they're stopping out So first is a short trap Let me see if I can do something Better over here So what they're doing over here? Just Let's see over here traders so you can understand better We can say that this level is Where Where big hands so big hands are not me and Bruce the hands are real life Institutionals big traders Even can be insiders we're big hands trap Breakout traders, okay Then over here We have At this point Actually, we'll do like this otherwise. We're gonna understand anything Trying to do something so that you traders Standard, okay, you can do this this point Breakout long use stop loss you will the short done wind pull back and We have door sellers jumping in Then we have this point In this point, okay, so we'll do like this and We'll do like this. So Over here is More More short sellers Jump in for the retest rejection of $8 level Think of a double top short sellers stop out and fuel the push New breakout traders. All this is the big manipulation that we have from Like this that we have from big hands, okay So something like this for now doesn't give us any edge still like Midway over here between the high and J-Line so simply simply simply That looks like Leonard has been following some of your strategies here and is doing quite well on the GME That's fine Let's see GME over here. Oh Breakdown well done Well done. Well done. Well done Joseph Really, really, I mean, I it's such a rarity like For to find someone like yourself that takes something that trading is so complex and you've simplified it down to such a Understandable level and you know exactly how to react Hmm Like how long did This take you and like how would you recommend? You know traders get started in that right in the correct direction First to learn the chart patterns that I teach so Joining personally ready the room because you will learn a lot It's not something you will learn the first month takes time we have treated that with 30 20 30 K Like layman Benzi Caught and others are everything now between 40 and 50 K per month We have traded with even bigger accounts or small accounts like Chad Chad K From New Jersey. I even posted the results these days. He's a book map user Chad Kennedy That passed from Q K to over 44 K in about 14 months So the point is the first two or three months you learn the strategies during the patterns between three small size or paper Then once you are confident only when you are confident you can start earn Putting a little bit more size and looking for an account billing plan. Okay, all this requires time So it's not something that you'll be in a month. He felt alerts trading is not worth trading is to Manage a correct trading strategy and correct risk management. Yeah, thank you Joseph. Thank you So right now traders what I'm doing. I'm looking for our parabolic a 50 a 70 In case we have a short otherwise the A plus seven would be that to the jails. That's it for now Don't treat anything else. We'll see Jen is to see over here. I want to put the game Roku be a beautiful wine. Yeah, there was a question on from Edwin on or Erwin on Roku If we if you could take a maybe a quick look on that Sure Okay, okay, Bruce. What's the question? Just to go over the the stock over here Sorry again. So Dip the open over here. So wash bottom at 352 was looking for 350 as main support whole rundown number and Then we start reclaiming jails for now is lateral. So I'm not looking for a trade When I see if we can have a mid morning consolidation midday consolidation curl and push, okay? So something like this would be my A plus set up on Roku. I want to see this trend break and then push like this and push like this So this will be what I'm looking over here. I need consolidation to the jails. All right That's what I'm looking at Roku pattern J lines curl Plus I would say consolidation and I'm gonna put it over here on Discord book map as well. So Roku waiting for consolidation Break out That's what I'm waiting right now Beautiful j1 75 is coming. Let me take some more Profits one second Bruce and still personally and okay, let's see if we can have that dip All right, all right, all right, all right. Yeah getting filled getting filled getting filled boom fill Okay, so The point for me is look for these setups with very low risk Like over here a reason to short cover cover now holding one third. Okay So This is what we need to do Okay, so waiting for 175 from lower and that's the point of using a setup to Have very good Results on the backside. Okay Thank you, Joseph Edwin, please go to the discord chat room and I look at the post there for Roku Kashif Joseph has been covering exactly how he's gotten such low entries or tight entries there with that tight Risk with a pretty big reward Ralph you might want to reach out to him on the beginner course In online videos, etc. I put all his contact information in the chat there. Okay. Yep, you're welcome So sorry, Bruce if I interrupt Leonard is ecstatic about his GME trade Thank you So the point is not every single day we'll have The setups generally between three and four a plus setups per week But I get on these over 70% win rate With always at least three are return. So the solid the strategy is very solid and treated sincere For example, if you look over here traders this Zone over here this day. I'm not doing anything And I know it before even we start because we are below this resistance Above the support above the support above the support While this day we have this support, right? So today we are already below that support We are breaking that level for me is a critical entry day to to short over here the open And then you can trade all these jail and rejection surely. This is not some trade you can trade with 10 15k shares. We don't have that liquidity. You can see over here This is the day where we have for example a lot of ball. Look at this. Oh, sorry. Look the difference. All right Look the difference Does that make any sense Bruce? Yes, absolutely. Thank you, Joseph So I'm looking for those whole rundown numbers I'm looking for the pure support over here 175 Then we have 170 165 Surely I want to cover Now 175 then if we have other Jalen's pop we can recycle small. Let's see our OC Gen You see we're consolidating that that eight We're having three books map levels over here, but I'm not really really I'm not really Looking for short unless this goes crazy parabolic Okay, unless those go crazy parabolic and for me is very important Bruce over here To look for those dips to cover you see always perfect colors Okay, so on uncovering. I mean you're looking kind of for catastrophic move Into high liquidity Yes, and also I'm looking for washes so if I'm looking, sorry If I'm looking for a breakdown and I see wash and I start seeing the tape is over here stalling Then I like to cover in the weakness. Why I have to wait for the bounce Surely not always I will have perfect covers like on Jimmy right now, but that's the point If I'm longing I'm not and let's say that for example, let's say we had the Jalen's day for view up whatever Not looking that this goes up and then this goes down to cover down here Oh, I'm gonna take partials for example often where I see Exhaustion of the buyer. So what means that I don't see any more big greens So I will sell over here at spikes at spikes I'm not waiting this goes down and I cover in the bid and on the dip over here where instead I want to buy doesn't make any sense It was already the traders are waiting. They're not react. They're reacting late And they're not knowing the price action. They should trade Bruce. There are few traders in my room that Don't have book map Asking if this video they could like have access later on like to review Jimmy Yeah, I Mean it's typically for those that are subscribers You know in case you can just like Because they want to like to see Jimmy how to trade it if it's possible otherwise Okay, yeah, if they can reach out to support at book map calm, okay, thank you One two three inside bar distribution pattern Careful traders when I see this I expect a little bit of wash one two three four five levels over here So just look when I have this all right Normally you would expect this But also I'm looking look how many levels of resistance I have This is called stair step down pattern So stair step down pattern while The stock is still going up. We form lower highs And this doesn't mean for me shorting over here in the break I never like to shorten the break This means only that we can have it fail Seven seven sixty seven fifty seven seventy All right, so this would be kind of like more like the mean reversion. I guess But you you're not necessary. You're not necessarily taking a position here No, no would be too risky because I've seen even times where See where is this hand over here for this? This one over here I think is yeah, okay, I didn't see times that they fake the breakdown In this case you we not faking it because we have a lot of sellers over here all over here over here They're faking the breakdown and then they push it back up Yeah, love that you refer back to the The tape the time and sales and the strength Yeah, let's see if we can have a long over here Bruce so I Would like to see 760 a little bit more liquidity You don't have buyers on the dip for now mean this could be or a cover Or a buyer, okay, I'm still waiting that better dip Yeah, I'm still waiting 760 759 so a little bit of patience It's bouncing. Let's see over here So 70 yep a couple of guys are mentioning here the GME is Popping back up See 764 let's see if you have a fake break in the view app and we see any kind of liquid for now We see no buyers you see so This could be a good spot where to Get back in ideally will like to see This one 7950 see over here. Yeah, this 179 And we have more once I mean I'm 50 so this year over here could be a good level of rejection Little bit more buyers 10,000 over here Fading okay a little bit more interested right now in OCG and if we can have a look But I don't see any buyers you see Bruce 50k sellers 27,000 12,000 11,000 Big sellers so until I see a big support of here I'm not gonna just simply step in we have only 12,000 8,000 still sellers This is a great example of what we you know have been talking about in the webinars for years about Understanding the context of the order flow at your level. So we'll get a fill of 765 Risking that 760 764 So no buyers for now. We took only the dip. So this would be like half position Still weak over here reason to get out So before a possible don't let's see now they fake down the View up over here and they reclaim it only sellers for now. No no buyers. So simply Better to cut it and wait Okay, Bruce is Almost 90 minutes Yeah Yeah, let's let's we can wrap it up. Thank you so much Joseph great great session Okay, so for everybody if you have questions reach out to me or to Bruce Go is happy to help you Always have your risk per day with the broker set You stop loss know your risk reward things like we cover today about risk management are very important Wait for the trade to come to you if it doesn't work like over here on OC Gen simply cut it. Okay, don't simply marry it cut it You see the big sellers over here. This will unwind All right. So thank you Bruce. Thank you book map. Thank you traders for being over here with us today and see you next week Yeah, guys. Thank you Joseph. Just a guy's I'm gonna take the presentation back here from from Joseph I just there was some questions. There's a few of you guys that were asking about the columns. So Let me let me show you that and thank you Joseph. I will catch up with you on Next Wednesday, okay. Thank you very much, buddy. Okay. All right. Take care Bye-bye Okay, so there's a couple questions on The columns the way that Joseph had them set up. So let me just quickly go through that for you guys I showed you the videos where you can find them in the columns And especially this one it's under this playlist here the features and components and just scroll down a little bit and the First one is where I'm sorry school down to here and Current order book right that one number 26, right and you can look through some of the other ones as well Let me just quickly show you this here Very simple very nice fell off here on the on the S&P guys. I know if you guys mentioned that already and Strong volume on the sell side as well as you guys can see all right, so the Let's just right-click in the COB column Okay, and we'll we'll go over the configurations here In fact, let me I'm gonna right-click in here and then I'm gonna insert another column So we have two COB columns. Okay, now I'll right-click on this one and configure it set select configure And you can see what I have just bids and offers. Okay, and that's it I have it justified to the right or I mean sorry to the left. That's it. Okay, and Now though, let's Show the aggregations here now you can play around with these other settings if you like We're gonna show aggregation Okay, now what this is doing here when you click this little button right here or check this little box here It's showing you the accumulation From one level then it adds that that Liquidity to the next level. Okay, and let me zoom in and I'll just try to try to show you here Okay, and maybe scroll back a little bit. Okay, so 269 here on the at 61. Okay, and then we have 516 at the at 61 and a quarter add these two together you get 722 Okay 722 plus the next level you get your 956 so It can it continues to add up like this and that's way the way Joseph has it set up. Okay, that's one of them He also showed another one here And I'll just right-click again in this column and we'll go to configure again. Okay, and he set up max depth Okay, and we'll use 10 here on the bid and offer you can play around with it to whatever you like And then here you can see now that this White line and then the number above it is showing the total aggregation Okay, for these 10 levels on the offer and then these 10 on the bid. That's it. Okay, very very simple very straightforward and Yeah, just wanted to cover that for you guys. So you have that We'll end the webinar here. Thanks everybody for coming great session with with Joseph And we're very very lucky to have someone like that. Have a good day everybody and we will catch up with you next time Okay. Bye. Bye