 Good morning traders and welcome to the book map live trading webinar today with Jay trader stocks trader He'll come in in a little bit But we're gonna go through Some overall Market analysis to go through like we typically do Every Monday Tuesday and Friday, and then we have the live trading on Wednesday and Thursday So tomorrow it'll be a futures trader Scott Pulsini So the goal here is is to offer you the highest quality education that we can we have an educational course We do live analysis based on that course. So you can learn in the live market And then we have live trading from different traders. So you get a feel for how they look at the market and and trade We can learn a lot about their mindset their psychology their Ways that they're managing the the order flow their trades entries exits And also the way that they trade order flow how they look at higher time frames and then how they drill down into book map And what what exactly they're looking at in book map And this is all really good for for us Jay trader does offer education and mentorship I'll put these links into the chat for you so that you can reach out directly if you're interested And I got to go through the disclosures then we'll jump into a live market general disclosure All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations 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 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 Okay, so let's jump in here. We'll take a look at the S&P e-mini This is what we typically do During the day or live webinars. We can look at any market. You guys like just let me know Happy to go punch it in here and take a look. I have a bunch of symbols open as you can see up here so And let's take a look and see what's going on right now. All right, so Well, you can see we're just kind of selling off here Pre-market here's five or no six a.m. This morning East Coast time to ten o'clock right now We see the the data here at 8 30 and then the back and forth In this area here and then we can see that we've continued to sell off here a bit so Yeah, let's let's take a look here and Try to ascertain what's going on in the current market, right? And we'll take a step back and look at the higher time frame then as well so the retail sales number came out this morning and You know, we see a pretty pretty good number and you can see that market doesn't think too much of that And has been kind of selling off basically Original knee jerk reaction from traders was to sell off came right back up though Guys we can learn just a ton just from this order flow in here because this happens all the time Here's the strong move. Here's the move right back. Here's a microcosm of this move here, but Anyway, what I mean to say here is here's the strong move by sellers and then we can see the the move right back though After the the number was released And we came back up in here and retested Re-octioned off back up here above this pre-market swing or these swings in here and we didn't find enough buyers So we see sellers come in again and they bring it down to where See where the buyers came in right here Okay, see this little area here. This is a market structure of back and forth of trading activity And and then we can see that it rejected It it didn't trade any more in here and what made it move away It was buyers strong buying Okay, and there was liquidity here at this 92 level. They traded right into it and through it There was enough buying pressure to do that So they trade up into these levels here. That's where we don't find buyers again We find sellers So it's back and forth And they're just really kind of annihilating each other back and forth here. We see there's there's buyers There's sellers down to here. There's buyers up to here where it dropped from in the selling There's sellers that they come right back in again, and we go back and forth finally we see a little bit more buying in here and Buyers seem to be on the same page. We don't find those sellers anymore, right? We don't find this kind of selling in here So we come to new highs here right once we get up here though We start to find those sellers. It's kind of a hard read in the order flow in here because it's this I think this is pretty easy read, but where is that selling come in? Where are they going to start not? Where we're looking for buyers to support it in here If this is the direction the market is going to go And we're looking for the participants to support it here Well, this is where the sellers right here at 95 they take it down Okay, they take it down to this swing and then this one here But this is really the key level to kind of focus in on It's right in here right and the selling picks up and pushes it through all right So this is a kind of an important level here right due to the order flow Okay, so it's the swing of course up here is important etc But this is the the area where we see the shift in the change on this time frame Okay, and sellers took control of that market And moved it moved it lower down to the swing down here and retested that area And then now all the back and forth in here as you can see so the And and yeah, we continue to go lower into high liquidity here on the bid on the bid on the bid now This is kind of bullish in here That or it's more bullish put it this way Well, they were down here in the in the order book here at 70 and here at 65 Okay, we notice that this liquidity is in here in the heat map. They're getting filled in here We see the red dots trading into this high liquidity And we can see that now they were down here at the 70 level, but they're bidding up in front here Okay, so that means they want to be buyers in here now The question is do they transact do they stay in the order book? Or do they get cold feet and we can see some of them stay in the order book in here and some of it pulls right we see Some of the higher liquidity in here Reaction was buyers And it traded right up to this high liquidity here and through it Okay, so we do see some buying pressure in here and some again back and forth in here Right, so this has been actually the theme the last few days is that we're seeing both buyers and sellers By the aggressors is what I mean Okay, what I mean there is by the market buy and market sell orders or Transactions and we can see that with the with the dots. Okay, it doesn't have anything to do with the heat map right now We're just talking about the dots Let me take the Stops and icebergs off of here for a moment on chart. Okay Yeah, so we're just talking about the aggressors And them charging up or charging down etc. Here. They are charging right back up All right So it looks pretty good if they can you know get a little bit more in here above this swing Looks pretty good to come up to a high volume node here, which is not a bad level Here's why this is where sellers came in up here. You can see it All right see the selling come in actually like this level better and we just tested it here at 90 or 85 All right, let's see if they can go a little bit higher. We do have a high volume node there I know that gets into volume profile But it just means that you know, this was a level up here at 87 That a lot of traders agreed upon Right and we're looking to see if we can return to that level And then if we can maybe we can get up a little bit higher 90 even 95 Okay, so we can see what happened here Already we're already getting a pullback and a retest back to this 80 level here And let's see. I'm still looking to see if we get some buyers maybe here At this level here, and then maybe we can move right back into maybe 82 or 83 up here All right, so now let's let's turn the heat map back on though We want to see the other side of the trader Trade here not the aggressors not the market buy and sell but the limit buy well, they're down here Right, we don't see that support in here. So sellers Have free reign to drink bring it right back down to you 74 here That's where this heat map can help you is By understanding this auction Okay, we're looking who's taking the other side of the trade All right, so we were assuming here without the heat map That we'd probably get a bounce in here and be looking for it Once we get more insight here with the heat map We're looking for maybe further continuation here on that on that sell side down to maybe 74 Or maybe something pops into the book here And surprises us All right, so that's where that's where this this tool is giving us More insight to making better trade decisions Okay, so maybe you're still bullish. Maybe you're still looking for them to support it Well, then you certainly wouldn't be buying here though You'd be we were looking for a bounce here if the buyers are going to support it Hey, but we don't see any liquidity in here. So selling continued And then that's why we started to look for well, then we're standing aside and waiting for its trade down to 74 Okay, so what yeah, and then that can lead to a trading opportunity as well Okay, so here at 74 I'm sorry at at this kind of 80 ish level We're looking for that bounce, right? well We don't see the buyers come in And now that we have the heat map here, we're well if the buyers aren't coming in this is the next level 74 We just transacted there. So this here You know in terms of a trading opportunity like it's not something that I personally would be looking at For going short in here even though we just we just traded down to 74 here the the reason being is that Yeah, it's just not too clear here With these buyers and sellers they're kind of both buyers and sellers by the aggressors in here So maybe we have to come back down to the bottom of the range to find the buyers to move it right back up okay, so anyway Looking to try to try to find a higher probability trading opportunity and Don't didn't quite quite see it in here either side We were looking for the sellers to take it down here but Didn't didn't really find anything in here to really give us that that insight that We'd be hitting it in here now. This is something that Maybe you did maybe you did see something maybe you would buy this or sell this pullback here If they can push it through your this 80 level here All right, but I didn't see the strength here on the sell side So I would have kind of waited until I have more clarity on that All right, Joseph, I wonder if Joseph is in here yet. Let's take a look No, not yet Okay, so still waiting for J trader Let me get to any questions in here as well hold on Okay, so Joseph said five more minutes. Good morning Bert Let's jump over to YouTube see if there's any questions there No, nothing. Okay. All right guys. Well, let Joseph is going to be going through Tesla You see here Spoke to him earlier. So, well, yeah, I know he's looking at at at Tesla and a few other Large caps as well that he saw. Anyway, he'll explain it when he jumps in here. So Yeah All right, let's take a look again here And see what's going on at this bottom edge here. Yeah, well, I mean We just know that this is kind of choppy in here buyers sellers buyers sellers And there's no kind of clear direction here yet Okay, so Let's see we might get enough selling here right now for a move into 71 and 70 But again, I don't like it one scenario. I would like to see though Is not the seller and the sellers down here would lead to the move down to here Okay, but I'm looking actually for buyers above this level here at around 76 or so 75 and a half and Looking for Let's see. Maybe a stop run down here a move back up here buying dots up here and and then Pretty pretty strong move Hold on here. What is it? Here it is here that here they are those just trying to illustrate that with the ellipse tool And where is it? Lips oh, okay, so this is exactly the scenario. I was looking for so back up to the top of this range here I would yeah guys anyway This is kind of where I'd be getting in somewhere around in here at 76 Take I would already take some off at 78 And stop to break even here to see if we can get more buyers to come back in And maybe come back up into our kind of 84 85 level up in here these two Okay, so it's already pulled back a little bit here still looking for more buying pressure and There would be your stop out at break even Okay, but it doesn't mean that that was the that was the this is just a way of looking at it's not a trade recommendation But it's a way of potentially managing your trade here. We're looking for this to work Okay, well, it had to pull back again here doesn't mean that you've lost the opportunity you can look for another one in here Okay, so We've looking for buyers in here. Okay, let's see if we get enough buyers in here. All right, not bad What about the book a little bit of support in here? Okay, so let's see if we can get buyers back up to 78 and a half here And then and then the breakout again. Okay, so this was just Impulsive move pull back and then we're looking for impulsive move here and again We're looking for this to break now. Okay 78 on up into 80 and then up into 80 Our level we kind of drew up here at 83 and a half and and 84 and a half up here Okay, these these two lines up here. All right, and again, we're looking for that to work now All right, so if you got in somewhere around in here at 76 again And you would already take some off look stop at break even and looking for the continuation Make sense Make sense Bruce And you guys it's not a trade recommendation really there's so many different ways to trade we just always get the The questions about that So we're Joseph is in in the house. So let's turn it over to him And let him take it away with some of the stocks that he's gonna go over Good morning traders. Good morning, Bruce. So glad to be here Lesson today on live market and we're gonna cover Fibs so how to use Fibonacci in this market How to trace the levels extensions retracement? So Fibonacci code Also, we're gonna use this together with book map. So analyzing the best parts for reversal or we say trend This morning, I'm gonna start with a Fast recap so we can see what happened this morning Marcus simply started to fail This is Tesla. You can see over here. I had this morning Amazon spy Tesla Spy faded in a gate. So we had a 930 What I call a poppin fail There we are 930 so we had a push over here into the V-wap Also, we had the J lines. So over here. We had what we call a bull trap so a breakout Right away to start failing Reject a couple of times was a little bit choppy over here the first 10 minutes and then around 945 started to unwind Again a retest of the V-wap with supply above and unwind Tesla the same price section So we had a poppin fail the gate Again, you can see over here multiple fakeouts at the Tesla over here. I Traded personally an incredible pre-market on on futures and and Tesla the open I was a messy I Didn't trace that I wanted I did some errors of being late I chase and I give back half of the profit that I made in pre-market and And then I took a good trade on this fail over here on Tesla But I didn't manage to hold it. I only took from here down to here So basically I went back to my I would say Previous P&L of the pre-market and didn't trade anything from there. So I missed a lot of opportunities this morning I believe that I was already like Overdone in the sense that I already traded a lot because of the lot of scalping in the pre-market But this is what we had today. So I'm gonna share only a few things and With all respect to other traders, but this is my wife So Bruce she traded over here this morning Amazon and what I want to cover it here is the use of book map together with Amazon So she showed up up in fail cover the dips and why she showed up this level well step back This morning as I said, we're gonna cover the use of Fibs together with book map, okay? So we're gonna put over here book of Amazon and then we're gonna see if we have setups also this market so This is book map from 930. So that pop in fail. All right now. We're gonna check one second What happened on a Daily chart and on our chart. So the first thing That I want to explain is that Fibonacci alone doesn't work does not work So you have to use it in confidence with other Signals for example, I prefer to have a Fibonacci level With the level of supply or demand of book map together with a chart pattern That together provides me the high I would say profitable Strategy trade In this case over here, we have you can see Amazon so the relative high to the relative low. It's a daily chart and I trace my Fibs Don't only look at a daily chart, but also take a time to look at the hourly chart In this case, you can see my hourly. This is the high of yesterday Tuesday And then over here, we can see the low. So I set my high to the low now. This is toss But you can use this even on dust or trading view or to a spider every single Charting softer has a different way to trace Fibonacci retracement and also extensions for example, if you zone does you have to trace it from the low to the high If you trace over here on toss from the low from the high to the low And you can see over here all the levels. Okay, the main the main important levels. What are so I'm gonna point out over here So you can see 023 038 050 061 80 078 1 121 138 Now 121 because I tracked it. So I'm not using 123.6, but one period one In this case you see this morning What happened on Amazon at 7 we had the rejection over here of this level. Also, it's a pivot level And we went down to this Fib level 61.8 percent and now we're touching that the fib one minute chart So where we see the price action So you can see this level over here traders in pre-market. This was around 915 with 61.8 percent fib. Okay, if you have question if it's clear just tell me and we're gonna revisit this So we had a fail already 928 from that level important support area That area now becomes a supply at 929 and 930 so 930 When for example, we had a pop-in fill over here and you can see the price opening Going to this level here 96.90 heat map above Fib above So we're talking about this bar here. Okay, so look we were Few cents away from that fib level 10 cents away Also heat map. It's all a structure over here To tell you a this is a high potential rejection for a short And again going over over here my wife What she did she took the trade exactly at that point with the fib right Look here with the fib fib level above pop-in fail heat map above over here and fortunately for her She got to the right She got the right timing exactly here. Okay Fortunately with our afar because otherwise I know who will Throw the garbage for the next 10 years. So sure they are Cover partial Why cover the partial if you look over here in a 96 area, we have the majority of the heat map structure So like we always share me and Bruce We want to see over here how it reacts So she started with a feeler cover and Then she added more into our cover, right from our short Because she had over here another big support heat map so too and she saw this was starting like to bounce And then she started like to read so recycling the shears. This is another I would say Term that we use recycling the sheer means that she was still holding the short side position But she added into our position over here then she trained more So she got a little bit scared on this push over here And then she re-added and covered more into this dip and then covered more over here Then we had a big support And you can see it this low over here, right big support. So she shorter stop. She shorter cover small win these are I would say short Where she Which she gets in with lower size versus the a plus set of there was the gate over here So at this point you can see At almost 10 o'clock right a few minutes ago We had a push Into this area and we found a double top the structure over here double top double top 10 o'clock Nice the supply area above right and you can see that it jumps somebody over here a bigger side jumps just after the second high and Wife gets in over here. All right, the good part and this is and when I and when I would say You know make any kind of discussion but generally by By what I understood and mentoring a lot of traders and I'm entering also a lot of women Woman have more patient than us men. Okay, they can they can hold better position. They can have better patient than us In this case, I liked because she used to cover right away But instead now she's having patients even if the price over here got back almost with our break even You can see why she didn't like sold everything because on these pops over here She said she still saw a huge amount of selling above See what risk and break even for the other part, but then she held and she saw here a lot of seller jumping in So at this point 96 dollars You can see over here the 96 area She said all right at this point if we're gonna start bouncing and over here We won't have any more of these these magenta prints with our cells Okay, I'm gonna cover in the money and I'm gonna get out from this trade But what happened over here? We had another view of rejection at 96 30 around 1012 Which is this level over here and starts dumping more So at this point where she did she started looking at the main level of book map 95 95 50 and she scaled out into this So this is a good way how to trail it's a good also process in Not being afraid to re-enter in a trade so to take a second trade if that trade over here is always an A plus setup And we had also that open level that supply area the book map above we had the fib over here and That's a good reason also to scale out using this zone so we can say that We had for the entry pop and fail Book map heat map confirmation of cells pop and fill the the chart pattern over here and then over here We had a main demand zone remember. We had the biggest heat map on the chart So to scale out re-enter that area of supply scale out again at this point And that's the reason why you don't need to trade all day I know that for example, my wife came at around nine o'clock Because we have a sick dog these days and she cannot really follow too much the market She came nine o'clock she prepared 30 minutes She got our plan done and then she trade like the first hour. That's it That's how also you can trade you need to trade all all day long Okay, so it's very important for me to make understand the process that we had over here Now this was Amazon But in the same way we had other good trades like meta and you can see it was a fader, right? We had also be here at Tesla, which was a fader There's another perfect short and over here was meta Okay, another another short and we're gonna cover now meta and Tesla So let's start together so Let's put Met over here By the way, we're having just right now a short setup on Tesla and also short setup over here This is a beautiful short setup exactly in this moment. You see the error coming up Let's see if we had also confirmation. I'm not trading anymore. I'm done for the day Nice bull trap at this point you want to see sellers jumping in and that's the confirmation of your trade Okay, so you have the level of your supply You have over here the fake breakout, which is a bull trap So you're aligning more things together and then over here you can see sellers jumping in the exactly the Price action that I want to check that I want to look for For example, if we see over here, this is this is John You can see that he used those levels to short to short so I would say a good work over here and The same just explain now is what we trade this morning. I want to share with you a few things on book map Before going into the fibs Look at this chart Besides that first dot that we have over here, which is the main soak that we have at the gate. Okay, a Few just look at this chart here Why would you say who is in control? buyers or sellers You can see right away that despite the trend We have the majority of the dots over here magenta This means that we have sellers in control Every single point that is a point of interest a 192 the 190 and Also the view up over here and we'll see also the fibs on on Tesla soon You can see the seller jumped in So that means that if every cell at every level we have sellers jumping in Means that we have a good weak tape a tape with a lot of selling pressure So what we need to do we need to use those levels to Look for entries. This is the most easiest type of trading that everybody can do That's why I'm telling you explaining this in a very simple way now Look at the fibs that I had this morning on my chart. We're gonna Review them together So as I said the first thing I look, I'm sorry. I have some cough these days I'm reviewing over here How to trace the fibs This is a daily chart So I will cancel for now all the levels that I have and As I said over here, I've tossed but you can do this in trading view and transpire or whatever you prefer I'm placing my fibs in my fibs. I generally place them trace them from the highest point The sorry the last relative high point in this case if you see this chart This is the last high relative point to the slope and I have my Fibs over here trace. Okay. This is the first Way that I know that I trace my fibs Then I also look for interday fibs. That's I would say another another discussion another lesson Now over here traders what we have to look for First of all, why I say that this is the level that I want to take into consideration for my fibs I can use fractals. I can use zigzag indicators. I can use Elliott's but if you study that you will see that the levels In our chart For relative high relative low high low high low are these okay? so Once I set these I Started viewing an hourly chart. Of course, it will look if we have like over here some after hours Okay, I can decide over here to I would say move also a second Fib over here because I will consider the slow, but let's take only this into consideration. Okay, so the daily chart What else I can also see over here is that for example, I'm looking at this point We have a nice support over here. So demand zone which transforms in a supply Supply again over here break out and then over here. We have again a supply area Now finally, we can pass to the one minute chart where I'm looking for timing my entries And I can see yesterday what? that at this main level We had a thirty eight point two percent fib at two hundred point five. I Can tell you that yesterday. We also had a very high level of liquidity at a two hundred on book map and we had a fake out Okay, this is a major fake out is what I call over here a three-way pattern And then we had a complete on wine and meltdown today Today you can see that we had this level of twenty three point six percent fib at the one ninety one point sixty nine So we're talking about This level over here One ninety one point sixty nine. So we're talking about the open level can do This Okay, so this is the open level and it's also the fib Let me know traders if it's clear now Going to the one minute. I can see the Set up very similar To what we had I'm sorry to what we have for example on Amazon and Maitre this morning So we see an open over here right away a wash and then a push into this what? Remember what we had over here. Okay. We have the open level We have the VWAP We have the daily that work even better We have over here a heat map. I Would say a nice structure of heat map at 193 We have also what we have the fib level So we have a confluence of signals that tells us this can be a very good level of supply From where we can start looking for a possible short now traders Then it's about timing your entries and I want to share with you This structure over here So if you look we can mark the first over here Level with a peak. So we're looking over here 932. We're looking at this I shouldn't be sorry this area this one Then we can mark this With this peak and then we mark this with this peak And we have what I call a fake out J slim. It's really called like this J slim This this level is a J slim In this case, we have a major bull trap In a level of supply Book mom show me over here that we had a fake break out and then right away. We're the flush Now what I want to do in this moment. What is my priority? My priority is to look for a clear setup to short All right, so how I do that This is a good example From I'm sorry. This is a good example for for example from from a trader That that I meant three you can see that he looks for short into this area and then he starts looking for that one So a clear spot of entry with a very low risk Same thing over here is a lamey So again, he's looking for that major spot of liquidity Which is over here all this Uses a set risk Nice one in three heat map gives a low risk and then he thought it takes multiple are here return So here is risking no more than one buck and the last cover he takes over here for Bucks, so not bad risk revolution. Of course, he's got out over here a little bit too much Too soon, but it's still I believe about 2.5 or 3r return of this trade. Well, that's a very good way to trade Okay, so remember this setup because we're gonna see this over and over and over in the next weeks I have the mark will start like unwinding being bearish Then this is gonna be one of the most common and trader setup that we all have So let's go back now to the actual market we have our fifth trace And let's see if we're gonna have any kind of setup for the day. So we said over here We had a setup Setup is working with a first one and then even a second one this point I'm looking. I'm not short as I said some of the members The guys I'm teaching are short But if you're short now, the most important thing is to look for your risk-reward ratio, but you're looking for targets the next target I have on the chart is 185 and 70 over here, of course, I see a support to the 187 which is this level So I will take this into consideration and then I will look for ideally that 185 and 70 so this major level over here where we have the majority of demand place also on the heat map This point we have to look is it gonna bounce over here on this pre or support Or is gonna unwind until this 187 so it seemed like Pretty weak over here Still have sellers so possibility to go to this 187 Mate is also unwinding Pretty good pattern this morning on meta Amazon has a little bit more sideways Maybe there's unwinding as well. I'm just waiting traders over here that 187 and Then we can consider that for a bounce Or here are simply just waiting Let's look at meta. I made a beaten down stock today. I'm gonna make the same plan that we did before for Tesla, so we're gonna trace our level of fibs We have over here a clear Relative high, which is this one 1868 and a low One sorry 87 88 dollars over here. So be the now stock I'm gonna put the level of here of my high of the fib to the slow And I'm gonna put over here my retracement. I remember that when I started years ago, I Was asking myself, okay, this Fibonacci isn't really useful because I wanted to predict Which one of these levels over here was I would say the Best for reversal the best were to put my longs maybe the best or short and there's not really an answer The point over here is that I will analyze each level With the order of flow and look for example if the level gonna be a reversal or a continuation So I'm not really using normal Fibonacci over here Just Fibonacci to try to predict which side I have to trade I'm not doing this not doing this anymore What I'm doing is that I'm looking those level if they are confirmed by the order flow and then looking to trade them So here we have our daily You're gonna switch to a one-minute chart Again this morning we had two main levels We're here this week we can Take off not really necessary So you can see that we have no levels of Fibb today The next level of Fibb is at 112.26 Which is near this 112 here with the huge amount of liquidity Stacked also pivot level. So of course that 112 will be a very good demand zone to look for today Joseph Yes. Oh So I'm just I'm kind of curious Why Why do you cover Fibb's to begin with what's the kind of Concept or strategy behind it Why why do you lean on Fibb levels if you maybe explain that to to traders yeah, so when you're trading support and resistance or You're using them as a reference For example Like this morning we shared in Bookmap discord along on Tesla that long came from two main things came from book map level Let me see if I can bring it up again and came from a Daily demand zone. This was the The book map level that we are looking over here 192 we long ago here 192 and 15 and we sold into the push You know, not a big use return like four or five bucks per share But still a decent return with the very lowest so multiple our return So in order to find these levels, I only need book map, but Adding a confidence of other signals and this can be using or order flow So high volume node or POC Supply and demand so a normal level of resistance support or Pivots you could use Woody's Camarilla pivot points. There are so many or For example Fibonacci Now my way of doing things is very systematic. The approach is always back tested and By back testing I've seen that using pivots Together with Book map and together with Fibonacci is the best way that I can find those critical spot of Possible rejection or possible continuation. So those part of interests or Also called by me Confluent zones So by doing this I have more conviction. Let's say if I see a book map support I see a fib level. I see my chart pattern to enter for a lot That is the reason behind all this Yep. Thank you, Joseph You're welcome So I'm looking over here to is the market market is unwinding so Netflix spy Amazon meta Tesla as I said, I'm gonna keep over here only only meta for now and And Tesla think Tesla is the best one for now Very volatile stock down over here five points from the open So we got that 187 remember before we are looking for this one 87 support We got that 187 over here. They're absorbing. So it was a pretty good support. We had around We're here more than 60,000 shares So once over here, we we finished to absorb They start bouncing. They're still held over here the demand And now I just don't know my pullback. It could be even like, you know shorts covering All right So this is a good support this one 87. I'm watching over here Only zones of supply in this case of the net fibs over here so I will only look at this 189 and It's here over here 189 where was the previous resistance and That will check with a confirmation to look them up nice part of it here. So this Entry on this. So you see over here the main support and enter over here is the rate 10 It's only for a scalp opportunity. We just said what is the setup. This is what is the setup? All right, so Shorting to that level supply area over here taken from book map amazing work by by John So props to him and you know, do see unwind over here. So very good way to take this trade Now believe me So I had a question on that if you can go back to John's setup Yeah, sure. So the the red is The red arrow is there. That's where he's getting short. Yeah, I saw you Bruce only one second fake breakdown I just wanted to cover this. This is a perfect setup too long A few seconds ago. I said this is a possible long area and that is that timing of the entry Okay, just I want to point out this and look what happened over here And then let's go back to your question because this is a pattern that really happens a lot So we had a washout over here on Tesla. What is a wash? Oh, it's a breakdown of a key level of support this 187 and We added just like over here on the chart 187 and then right away the price bounced back up instantly So this is also called momentum trading something that you can only think take So you can only grab over here the longing to this area Risking the same level here 187 or 18690 if you're actually Following this and stalking this you have to stalk something like this all day long This is a perfect pattern. So I just want to cover this. All right, Bruce. Sorry. You were telling me No, no, I mean continue on. I mean that's a beat that turned out to be a beautiful pattern there Just just beautiful Yeah The same pattern but on the other side, right on the opposite side that for example happened right now And we saw it before it's the same set of that for example Alexandra treated this morning. So looking for that Instant poppin feel in this case is that we have the opposite. We have the wash and then right away the long So again, it's a setup that not everybody can trade So this is a mean traders. You have to take the setup from tomorrow. This means study it Maybe record do some experience like, you know, can trade of this like multiple times even with book map demo mode in order to Understand how it works and of course the most difficult thing in these trades is Taking the right timing Bruce Because it's a setup that doesn't mean to be a reversal till 189 It just can be even a pop of 87 80 or one buck. That's it. It is sense one buck But it really changes if I'm longing this scenario or I'm longing this scenario over here Because then I stop over here and if I long over here what I'm gonna get a grab over here like a two or three are stop impossible So timing your entries is very very important. Okay, so try to buy in this case the dips over here Yeah, it's something to mention on this pattern. I mean, there's a lot to mention on this pattern And you've talked about fake breakdowns and breakouts a lot and stuffs etc And this is a good example, but look look how You know, it plays with the liquidity. So it traded down to that liquidity there It filled It rejected out of that area. We see buyers on the other side Where did the buyers take it to? That is you know, and you and you know, I know you're looking for those buyers to come in But then but then and then looking for it to reject immediately and and more buyers to just really Squeeze it So but then it zoom out a little bit more because it it's just The bigger concept in In understanding or getting some insight from bookmap is understanding liquidity Keep on zooming out a little bit Just because it really was kind of a bull little bull flag pattern there and it just traded right to liquidity right to it So it went from liquidity on the bid to liquidity on the offer And it's still going up. So it looks like it wants to trade up to that one 88 Yeah, it works. I always say it works like a catalyst like a magnet So a lot of traders think oh, I see a bookmap level That means I have to short because we're breaking down. No Often I wait for the fake outs of those levels because those levels are like magnets And you will see sometimes that we go to those levels And then we bounce from those levels. So if I see like in this case A huge let them say absorption In this case, also we have what we have really a nice trap from the big hands Who are on purpose over here? Buying this dip collecting more sellers and then pushing them up because they have no more liquidity over here to dump So they're do whatever they want over here They're start like buying and pushing this up Again, this is a mean will be a reversal all day But could be possible they want along over here and take one buck out of it So what they do they're trapping this case the The sellers they are dropping over here from a break of support because everybody knows that on a break of support You will have traders who are going to stop out What do they do they do this in purpose they create this breakdown on purpose How to know this there's no way that you can predict If it's going to be a fake breakdown Or is going to be a clear breakdown and unwind. That's the reason why I don't buy breakouts or break downs and then a short break downs and that's the reason why I wait for the Let's say Market makers or the big hands over here to show me What's their plan? And then I'm going to trade with them So take advantage of what I'm telling right now Yeah, beautiful beautiful stuff Yeah, this is Something that you traders you cannot really study on a book You have to Study the market for years Understand how this process work Understand that part section Understand the order of flow over here Because in that way you have I would say an edge versus the market when understand things Not only me telling you okay short over here Because we have a heat map and we have let's say a j-line and we have a supplier or a fib Yes, that is the I would say the timing of your entry. That is the strategy. That is the signal But you have to understand why we created that point of interest and why we have to short of it there for which reason This is what we're trying to do in these webinars over here So hope you appreciate the time that we're putting For for you traders to develop this I would have liked this somebody when I started Two decades ago to teach me this And the time didn't have even book map. I had only a signal so sorry so take The recording of the day rewatch it Understand the price section and remember how it worked now with the cat as a catalyst Getting to that 188 from this fake breakdown all the way up Those are the best levels that I lied to long for example Yeah, I mean I think zoom out again a little bit Joseph and maybe show that entire sequence there just just because and I'm I'm What what I want to get across here. I mean, that's a good point about the understanding the liquidity in this context between liquidity and buyers and sell the aggressors in here is is essential And you can see it I think pretty clearly illustrated here from liquidity to liquidity And the market needs that liquidity to trade Now not always, you know, maybe it doesn't make it up there, but like Just understand some of the concepts of how the market works Can then lead to um A strategy that leads to an edge Absolutely, absolutely and What happened over here? It's a possible shift so this formation Is where I like to enter long because we have this demand So I would enter any single time. This is what I showed this morning on bookmark discord Enter in a pattern like this risking five to ten cents and looking for multiple R return So what I've seen over here is oh, sorry three years. I made you all blind What I see over here is what I call shift in momentum So the previous level of supply now becomes a demand So if we base over here if we start like holding with demand This will push the next target one eighty eight fifty Okay, I understand the input over here. We have the sellers So sellers are Jumping out over here. Okay So they're selling a little bit But now what that same level There was a supply turns over here Into the man area And we have more buyers coming in And that's really like What I like to call a shift In this area Sorry again Yeah, I mean it's it's possible that I mean we'll still see if there's enough sellers, but like It could be those buyers are now on the hook above eighty eight, you know, so Um, uh, yeah, it We'll see if there's another shift here. I mean the order flow is always shifting and it's order flow. That's You know, it gets updated So, uh, Also, I have over here a signal for short Zayla's at this point uh 180 and 30 He's my 15 cents away Well, this is a pretty good spot like we had over here before For a short and this is the really the third spot of the day when we had one two three So let's look in this case timing is very important even here I I like to take the top of the area So the top that is As near as possible To the eat mat level I don't really want to trade too much away from it So I I tried to time the entry giving myself the lower risk possible in a trade Joseph, you know, I don't want to interrupt your your presentation When if you have a chance I would like to go over john's Trade example. Oh, yeah, sure Um One second bruce. I will take it out. So we had always tesla John uses over here book map. He's one of the traders I'm entering in this trade. He took five r Uh, and then he also took over here the last trade that we saw Uh with a perfect rejection using the book map level over here Sorry, this is was amazon pardon this over here And the last one that we saw just a few minutes ago this over here so in this case Why he shorted? Confluence like we said before so this time was uh, 1040 1045 Tesla today is as a as a Blob bath and simple like unwinding down more than five points All market coming down uh, it doesn't really like, uh It's not really a good scenario here for the longest morning uh, the point over here is that Again, we had another fake breakout of this level. You can see traders. I will zoom in soon We had another what I call a bull trap And then over here we started having a rejection So john is perfectly aware that this is the level of frisk This is the level of frisk So he's scaling into a position over here small until we find this top over here We're starting like adding Perfectly into the rejection adding this top and looking for this man and wine and You don't need I mean this was his other trade over here from 192 down to 187 and 60 You don't actually need This was the last cover they took over there and then we added you don't need to take, you know All the trades even only this trade Is going to be your paycheck So follow The strategy follow the here what bookmouth told you And I want to share with you uh this This or little flow I like to see the structures in this way So i'm not zooming in too much when i'm looking at these structures because I know this this is the zone I want to trade This is my supply area What i'm looking is exactly this So I'm really looking for a top and then i'm looking for this if we hold and this start pushing back up There's no like fake out But over here instead what we have we had a major fake out this level and right away we fail and then we push on uh We say over here. It's an exhaustion of the move again exhaust in this high liquidity area and then unwinds more into The previous level over here of support the man catalyst again over here the heat map or the flow works like a magnet So what it really is the target for your entry so entry here This seems like picture perfect by john And uh, I would say perfect level over here for for a cover All this area here and then it still unwinds more To the next level down here of demand so really really good good read by him and Or say these structures you you may take a little bit of time to understand him and to take them It's not that you know tomorrow you have a chart you have book map right away. You will take these trades. No John is like a couple of years is working on these setups to find, you know, the best entry opportunities Like every trader has things to improve and that's normal. Everybody has them But he's working hard every single day for what he 40 once he wants to become So his days pass from, you know, a small figure to bigger figures Just by repeating every single day is trading following the strategy He has very simple approach five minutes or one minute and book map dot just that and of course A bigger picture to see those levels. Like we said before Fibonacci Uh and of retracement or extensions just that so keep it very very simple. You don't need too many fence indicators uh too many I would say Too many tools to trade. Okay. He's a big cap trader and mid cap trader stick to this and really what's working So Joseph the order flow I set up. I mean if maybe maybe Attendees have questions about that. I think that's really good and really clear. I wanted to kind of Hear about some of the trade management in here, uh and john's john's trading here in because In different scenarios, I mean, I don't know exactly what he did or how he traded it I I do see the arrows and where he covered where he got in and where he covered so I'm wondering like if you can go through let's go through a scenario for example, like he's Shorting up there. There's three positions that he Initially got in short now likely I would imagine those are limit sell orders Yes, and then uh And then he's putting a limit up into the zone where he really wants to get filled as well Now, however mentally, how do you this? I'm not saying john did this or didn't do this. This is what I I just think Attendees would benefit from understanding this. How do you mentally deal with that? It went against him Yeah, uh What if you had full? I mean, how do you kind of capture these moves because he I would go with that move as well. It like, you know, I would trade that uh where those three are to begin with Um, uh, because it's a pullback to where it dropped from It went up and went higher Um, and he and he added to a loser here Yeah, so how do you mentally kind of deal with some of these things? How do you deal with your stop? How do you not turn this into? A a big loser potentially. Okay. First of all, I tell you Bruce that when I'm mentoring john every single error that he's doing He's gonna pay bad for it. And I'm really I mean I had a Uh, as you know, a martial art taekwondo Master, he's the first one in the world. Mr. Chung went so for many years He mentored me of course in taekwondo, but also in In life, okay, so it gave me like a lesson of discipline in life So every single time I was doing something wrong He would punish me in a way like, you know do 200 push-ups and I was small of course Uh, now it's like a fun. I'll do for example like a one kilometer of running and I mean The more I was growing the more I was tired that every single time that I was doing an error had to do this like as a punishment Of course now I understand that what he did Was like imprinting of me self-control and discipline in this way Our humans us humans we are Always neglecting and never trying to Improve or change because changing is something that hurts us We always want to be right and we don't really stand with somebody tells that you're wrong Because we want to be approved. We want to feel like we want to be right so The best way instead to change your trading Is respecting the rules and we need to respect the rules Let's say when john doesn't respect the rule john starts to run because he's doing the same process that I was doing when I was young Of course john runs much better than me But the point is over here that john knows that his risk is this level over here So he knows that until he doesn't have which is this level over here of risk until he doesn't have the Very low risk interest so the closest possible to here His position will not be oversized in over here, but we'll be starting a partial of the position 20 or 30 percent and only when he has a very low risk then he will add the major liquidity Of course, it can even happen that over here the trade goes down without that second top And over here it will be in only 20 30 percent position. This is part of the game I understand the reason why enter because he was waiting for this fake breakout And then he entered over here in the lower high and then when he saw this He added so he brought this average higher He had a very tight risk for multiple hour return So in this case, I can tell you that you respect the plan So john is lucky tonight is not going to run This is the process Let's say that tell me. Oh, yeah. No, okay. That that makes good sense. So as long as I mean mentally then And this is really hard for traders to accept It's hard for me to accept I'm only on 20 or 30 of that trade and it owns unwinds for multi-dollar return right, so But I didn't get my full size on Yeah, not always will be full size or you will be like me today missing so many moves after the open It's part of the game uh What we can do just look for the next one or just look for the other day So look for tomorrow. So nothing happens if we miss a trade or, you know, miss to add size Okay, well, then can you explain also the scaling out? Yeah, like he's scaling out in areas where I mean basically it looks by the heat map there Yeah, like 87 looks pretty good Yeah, exactly. So uh, what I like over here is I don't know if he's out completely over here Maybe he got out too early But I believe that he was looking for this main level over here at as liquidity And now he still has to update me, but I believe he was looking for this main level And you know, he decided to cover a little bit earlier. So around Just before we had that the dip so around this point over here Yeah, I think I think those two look good. What about the ones in front of it the other three Well, this I think he did perfect Because we had a big level of heat map over here. So I really agree with this first cover And uh, also it's based on his r of risk if for example, he had an average With this kind of risk. So he was risking something like Let's say 35 40 cents Over here generally I tell him to scale out between 20 25 percent Over here around 30 and then over here more So I believe this trade for him work like maybe four r return or three r at least This is a good trade Of course, you could have done better. Yes, there's always to improve But he used those levels respecting the heat map. So this over here This 188 is this level over here 188 Over here, he wants to take a little bit out of position so to reduce the risk So that's fine. I think he traded very very good over here and He managed you see the levels bruce off of book map That is not only as we said before you wait for those levels As for a possible bounce or a breakdown to enter a trade No, in this case The trader is using them as a main target to scale out So he's taken advantage of those levels over here To get out parts of his position. Actually he got out of here, but still a very good trade Yeah, thank you You're welcome. You're welcome So today traders we did really the review of you know, this is really what I'm covering When I coach the traders we go over things together But it's very important like Bruce said over here skilling out one of the main errors that I see From from following a lot of a lot of traders Is the point that You don't really need to have a 60 70 80% win rate I mean if you have it better I can tell you that I'm treating some traders. They have between 30 and 35% win rate Their profit curve is insane It's insane because they have four or five profit factor Okay, so even with a lower win rate, but a high Return per trade Okay, in this case is The profit ratio and also the average win versus sorry the average Yeah, that was our return of win versus the average are of return of loss It's four or five six times That will make you profitable. That's the way that you can grow your account So when you're in a trade Really the main error that I seen In in a market like this, which is pretty it's pretty trendy Is killing out too soon Reducing your return because you are impatient to cover One is that you have to have patience and trying to hold the majority of your core position And over here we can see again another main level of catalyst, right Hold it for more are as possible Don't cut your wins too soon. Okay. So market over here is really like bouncing strong Looking over here meta looking over here at tesla beautiful market over here This liquidity is insane insane for tesla they trade over here one million volume in about two minutes Insane volume and I would like to point out this Bruce When we said before major fake breakdown on this level Big liquidity Absorption fake breakdown right away reversal everything happened from there. Yep. Yep beautiful stuff And we went every single time to those level of heat map like a catalyst Uh, could I have traded this over here traders? No, I don't like to trade these moves like this over here I wait that this settles down So I want to see if we're going to hold this hit level We're going to hold this 189 And then we can look to buy over here for example for our reversal But right now I'm not simply looking to long something like this over here Okay, but this this volume here is insane really one million And more in about three minutes Something's going on out there Yeah, yeah, absolutely So I'm looking also to here at spy and uh, yes So spy is uh going up and yes is going up but over here really we have a move we have kind of news on tesla So I'm going to look if we had any news on tesla Now I always have my news up in this moment Wasn't stopping me two traders over here now. We had news today at uh, 330 So my time No news that right now still I can see Yeah, I mean, I don't see any kind of geopolitical stuff going on but I don't know. Maybe it's just supply and demand Yeah, yeah, yeah I mean, it's uh It's a stock that lately has been like Uh, I'm the raider, uh, you know for the fact that Elon Musk had to sell shares when it was around 200 To pay for twitter a lot of news going on over here a lot of manipulation Uh, these days teslas were like, uh Fluctuating between long and short with even 10 15 points Reigns in a day, which you know, we're talking about 10 15. Sorry between a 5 and 10 percent Went even 20 bucks in a day rains For it's really dates a lot And we're talking about the big cap All right traders do you have any questions on Fibs or the order of the flow that we covered today? I think we've answered them all joseph I think also this bruce answers many questions that we had, right? Um, this is a work again from from a trader pointing out something bruce Pointing out this book map was insane So this is a real trader explaining the process And just doing what we explained over here behind this case that long Taking that push amazing work amazing over here work Why because you recognize over here book map so Live right now live account trading Uh full-time trader pola from 10. So beautiful trade over here for the push. Well done, buddy Yeah, I also like the way that Um Using I mean, it's yeah, you're right. It's beautiful. But but the limit sell orders to get I mean stocks are difficult. Uh, I mean this is a big cap And it's difficult. It's moving it moves so quickly Uh, and some of these moves you have to be already positioned To to get in there to get your fill Um, I mean, maybe he didn't use limit orders, but it looks like it for the fill No, it's still in I still ain't over here. This I think is also like it's kind of a proper indicator. I believe No, no, he's only in a week long. So he's still holding the position. Got you. Okay So I believe it's holding over here with this 188 and 80 So we have over here on the book in the discord room And I believe that he's looking okay, or we're holding over here with vwap and then we can you know Looking for maybe 191 And breaking this 190 or below 188 and 80 we can go back down. So better to trail everything out Well, correct process, but this is a pretty good trade over here And he just entered after this you see this dip bruce at this 187 50 So he used that soak over here Lower higher low and he jumped over here in the wagon. Just wanted to start leaving Good trade. I couldn't have traded this any any better than him really props to him. Perfect. Grazie mille, joseph And uh, yeah, if anyone any last minute questions here, uh, else any last minute remarks, uh, joseph Uh, put us all we can say is that study work Come back next week for another lesson Uh tomorrow with was called pulsini great trader So again, bruce is doing an amazing job. Give him a like a follow a like and Thank you all for attending. See you next week Bye. Bye