 Good morning traders and welcome to the bookmap live trading webinar today with Jay trader We do this every Wednesday. He's a stocks trader. I and he'll take some live positions here in the stock market. So That's On just a moment here as I get up and running That's all right Anyway, Jay trader will come in in just a minute. He's finishing up his trading room He does offer mentorship and education. So I'll give you some links for that if you want to reach out to him directly You guys know who he is. He's been trading for quite a while and trading with us for quite a while using bookmap Here's his information here contacts and links, etc, which I'll put into the chat for you Got to go through the disclosures. This is important Understand what you're getting involved with in here. It's only for educational purposes and these are not live Positions, I mean they are live positions. They are in demo This is so that no one gets carried away here and you understand the risks that are involved with trading here So general disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading Executed in simulation cannot accurately represent realistic trading performance risk disclosure trading futures equities and digital currencies involves substantial risk of loss and it's not suitable for all investors an investor could potentially lose all or more than the Initial investment risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. All right, so as we wait for Joseph Let's take a look here at the S&P E-mini and see what's going on and Here we go. All right, so Let me see if everyone can hear me correctly and All right Guys if you can just give me a thumbs up or say Yes in the chat there. I'm broadcasting. Okay, both end discord and in and in YouTube Okay, so what oh Shoot look okay guys. It looks like in discord. I have not been broadcasting. Can you hear me now in discord? I Knew something was wrong So we went through the risk disclosures, etc So let me show that screen once more here Just so you guys know what you're getting involved with here the general disclosure and the risk disclosure here that this is all for educational purposes and the live trading is in simulation demo paper trading mode And then also that past performance is not necessarily indicative of future results. There's lots of risk involved here with trading futures and equities All right, if you guys can do scummy a thumbs up in in Discord that Yep, you can hear me Sorry about that. I Know it wasn't working. It should be working now. Okay. Yeah. All right. Thank you J. J. C All right guys. Well, let's take a look at this S&P then and Wow nice nice move up into the 85 36 85 here So we're you know, we're into kind of a it's been a nice little up move here Actually saw this unfold Using a new tool I'll explain this more later when we release this new tool in a few weeks But being able to identify larger players more clearly so anyway There's I can't wait to show it. That's why I'm just busting at the seams here. It's really great It's really cool being able to see exactly where larger players are and then where The the price might go. Okay. So for example, look at this high liquidity coming in here at at 3760 3670 I'm sorry looking for price to drop down to 60 here Okay, because that's where the liquidity is All right, nice move to the upside into high liquidity nice move right back down And then let's see if we can get these some sellers in here to try to reach back down into this liquidity here Okay in the heat map now, you know, you know filtering for the heat map You can already do it. You know, you can look at high liquidity in here by by filtering here There is going to be a way to be able to do that with the MBO data. Okay, you will you will need rhythmic for that But you're gonna be able to filter and look at not just, you know High liquidity in the order book like like this here, but high orders. Okay, who's trading five lots Who's trading 10 lots? Whatever and where exactly they are, right? So and how does the market respond to those larger players? So larger players are here There's no question about that at 3670. What does the market think of it? Okay, well, it's coming up to that area here, but it's kind of shying away now So what if we get sellers that come in right? And this is why we look at the order flow here and this is why we look at these areas Here this is a pivot area. See the buyers up above it here. What if Sellers below it. This is where we're looking to go here. Okay All right, so that the what that what if that scenario obviously that didn't play out. Okay, instead We got more buyers. So what it what has happened in this scenario here is This is a false breakdown Okay, now actually it could it could be a We'll see it's come back up into here and it's starting to fail already All right, so again, we're back at this level right here looking for sellers below it boom down below 65 62 60 All right, so we're gonna see a nice stop run there. We can see it Okay, and looking for continuation here on the downside Looking for our sellers here and looking in for them to press it down into 60 The high liquidity is down here at 60 put it that way. All right, so And we're looking for these sellers to come in at the bottom of the range here, right like this and let's see them Let's see them push it now Okay, and to meet the buyers down here and there we go beautiful beautiful beautiful move All right, so guys this this new new tool will be able to identify some of these areas even clearer Okay, now we still haven't traded 60, but we're still still looking for it. Okay, it's just been banging around in here as you can see So anyway More transparency more clarity in some in some of these moves and understand now This is a wicked move to the upside to stop everybody out Go above this range here back into the bigger range here and And then it fails okay, so however This is what we're talking about in the order flow we can look for The scenario for the breakdown that was what we're looking for we didn't get time to cover the second scenario here But then our original scenario It came back to that area and it unfolded you can even see the retest back here Okay, why i'm going over this and it it it sounds almost like double speak, but it's not it's just order flow This is the move to the upside we see that people got stopped out We came back down. We did not get a move higher here Uh, in fact the swing is up here Right So in in essence, this is again why we look at market structure and how important market structure is Okay, so let me go through it again here Uh, I just I can't emphasize it enough market structure. Look at the the move to the upside here Uh, and then below this pivot here the sellers Okay, and where do they come they came well they even blaze through this little area here Okay, that's where these buyers came in but look at the retest right and This move here with all this buying in here. We know that there are a lot of stops But it didn't even come up to this uh the swing up here actually the swings a little bit higher It's up here. Okay, they didn't even it couldn't make it Right, so we're looking for it to come back through this area through our pivot like this pivot here Like this pivot here. All right, and then to come through that It retested back to it and then the continuation understanding the order flow and this uh, uh dynamic here Uh, it is going to give you an edge Because we see it again and again and again Right instead of getting caught up and duped into it look for it to unfold Okay, uh this move from uh, what it's uh, 67 down to 60. There's seven points Right there in the s and p e many that would have been captured in about three minutes okay, so Anyway, if that's the time frame you're trading great, uh, and in fact you could still be in this Uh, you know if you're looking the next area. Well, it just it just traded right to it right here Okay, this this is where these guys came in on the buy side and moved it up Okay, now the lows are down here 36 50 And uh, that's where the liquidity is the the low of the cash Session here is down around 52 and a half or so Okay So anyway, that's uh, let's get back in here any questions Uh anyone's having no All right All right, and we're just waiting for j trader. He will be in shortly. Okay, so once he's in, um, we'll uh Handed over to him. What this is what we do every day though like uh On on wednesdays we go through the market first wait for j trader. Uh, and then once he's in He'll he'll get uh The broadcast here. All right, no questions. Okay Let me go back up. I'm just looking for j trader right now And no not in yet. Okay No problem. Um All right, let's let's take a look now again. Uh, and in fact, you know guys I guess we'll try to do it on friday the bigger picture. Um, I wanted to All week long. I just got sidetracked into new kind of order flow events Uh, and we covered those things and there was a lot of questions about stops and iceberg sweeps Absorption that kind of stuff. So we we covered it Uh, but I want to get into an extrapolate You know how some of these strong moves how they unfold And and their significance uh in the market okay, because um Not just on this time frame. We're going to take this information from a low time frame Then we're going to that's where we're going to extrapolate it out to a higher time frame Okay, you because you'll see it is the same stuff. It's just Totally hidden here in the candlesticks You just don't see it and look look even volume is separated in the candlesticks. It's in a sub chart Guys, this is just so it's lacking so much transparency in here. Uh, that's the thing. I don't like about the candlesticks all right, so This is separated. Well, that's not very helpful and we're just getting One bar one big bar here or any bar And we're getting the total volume on that bar That's it and we don't even know if it's buying and selling Or selling Right, we don't know We just know there's a lot of volume on this big bar. That's it Uh, we don't know where it took place on this big bar This kind of insight is is what we want to understand. This is what gives us heads up To the potential move lower or the or the retracement back up into some of these areas in here Okay, that's just for starters and You know, then we're looking at the heat map and god and then soon we're going to be filtering for the heat map for for larger Larger orders, etc. So, you know, there's more and more transparency. We're getting into Understanding these moves then that's going to offer you the edge All right, so trade the way that you trade But okay, it looks like joseph is just coming in a couple minutes here. He's just connecting Trade the way you trade but just look at the order flow to to match it. We talked to yesterday about ATRs and measured moves, etc If that's what you use great if you use Fibonacci's great I'm not a fan of Fibonacci's as you guys know or if you use floor trader pivots great Just look at the order flow around your areas that you trade. You're going to be able to make a filter For a much much a better trading decision. Okay, and it should increase your Your your probabilities tremendously just tremendously So, uh, yeah, anyway, uh, this is the the key And we'll go over I think more of this on friday. In fact, I'll I'll put it into the subject header For the webinar to cover that And yeah, we'll go we'll go through it. So anyway Yeah, joseph will come in in just a second. So we're still seeing more sellers come in here Okay, we're below that this area here Just after 10 o'clock. We saw that little spike here And retraced right right back to it again here as well. Okay, so nonetheless You know what we're looking at here. We can even take the heat map off and the volume dots off Okay, market structure wise. We are still From this time frame on from after 10 o'clock Well after 10 oh Two or three or whatever we are in a downtrend Okay, making lower lows and lower highs that is the structure so far Joseph are you there? Good morning bruce. Yes. Good morning from the u.s From the u.s over here colorado tomorrow. I'm Going to twitter for cause so less day over here in colorado Nice nice Is is that where it is it's gonna take place in colorado? Is it gonna it's in las vegas? I think right? Yeah, las vegas. Yes over here came up for you know, some holidays to see my My friends and relatives. Oh, yeah, and you're in and skiing No, I'm not skiing You go to veil to go hiking Yeah, I went to to hike a little bit. I was veiled back in raids very nice places. I liked it. Yeah. Oh great great Um, okay. Well, uh, let's see. You've got uh, you got command here, uh, joseph. So, uh, uh, have at it Okay, bruce. Can you see my screen? Just give me a confirmation. Yes. Yes. We're all we're all set Okay, perfect. So good morning traders Uh, as I said over here running from the states, uh, this morning was, uh uh, I would say A normal day in small caps Lately what we've been having Are stocks that open Dip like you can see over here for example in tops And then they extend you can see this extension on tops over here to the 360 Uh, which this is the level of the pre-market eye. You see this, uh, uh, we say over here This, uh Dark yellow zone, right this golden zone over here And it basically you can see these stops into the 370 this means over here a lot of, uh Sellers in okay, so they're like stopping Seller jumping and then we had this unwind Top says one of those stocks You can see over here that it really topped this heat map in the 380. So giving the the perfect timing, right? but Often what I do is I wait for the top And then they're still looking for lower highs Okay, so I start seeing lower highs in these lower highs. They can reclaim That previous level 380 and then fail I missed this trade personally this morning was not trading Uh, for the fact that we still need over here to fix so many things But this is a setup that I like to trade Uh, especially if we look at the five minutes art, it's much clearer You can see that we go up. This is the pre-market eye 360 extension To that heat map over here 380 You can see that we go to the 380 And then we start like topping to the 380 double top over here and I mean, this is a perfect level. We're to start shorting 370 We're gonna start like failing and then, you know big wash to the big sellers in And to the main supporter here At 320, okay, this 320 is a daily level Okay, so I put my daily level over here 320 from This high over here. So I use that high Okay as my target I Look at a five minutes art one minutes art and then I see over here for that level where to take partial profit So right now we have We are 1015 So these stocks after a certain time if they hold open level, they're not anymore an a plus setup Okay, so what I'm looking over here traders is one thing If we're gonna have another major over here fake break of 360 So I'm looking at this level over here of heat map or 380 Otherwise simply avoiding because that's already like the you know My max time Okay, that I want to trade short this market So it's going to be pretty interesting over here to look the the levels This is a gap in extension Okay, it's our gap in crap turning a gap in extension play you can see up here We had an extension from the open of uh, let's see I believe this was 34% yeah, exactly you can see over here 34% extension From the from the open So now I'm looking at as I said this 360 Or this 380 385 for short We're going to check after amazon biaf abos apple All good plays for the day So today you've been looking at a lot of the Large caps as well Yes, we have over here Think was powell speaking soon, right? I think 10 10 a.m. I think I'm not sure Think was at around 10 30, but We'll see So right now tops over here no level to trade so we're gonna wait as I said 360 or 380 Let's check apple Apple this morning had bad news So I'm checking again the news over here on apple Yeah, 1015 powell speaking. Okay, perfect bullard as well 1010 all sorts of people apple this morning Was the only one It was outside the previous day range over here get down on bad news for the company And I was looking for apple cut back on iphone production amid Wingling demand Okay, so you can see this with the previous day range over here 151 Today I started to be interested And I was looking for only below the 145 and 71 45 and 50 too short At the gate or sorry or I said we're looking for 148 and 40 for a short This morning. We had this 148 over here. You can see a topped Just into this pre-market resistance This is one of the setup that I love to trade the most It topped over here the 148 started to unwind And now we're gonna look if we're gonna get back to this 148 and 50 Or we're gonna look below the 145 so mid range over here for me not really interested to trade. This was the The morning pop You can see the the reversal of our v pattern that we always watch Bruce So we had over here Our level and over here we have a one wave second wave Third wave. So I call this the three wave pattern. This is a nice breakdown over here for the 147 and 60 Which is this level over here It's a break that we had and then all unwind Right now mid range. That's a So It is also a small head and shoulders pattern. They're beautiful Yeah, exactly. But but you you're you're looking at more of kind of the bigger picture v v pattern in that You don't really care about those small moves Exactly. I want to look over here for the break, especially of this open level And once we break this open level over here, I want to see a big sell impression. You can see over here Just look all these dots The volume of here is all all sellers. I mean a little bit over here probably of covers or some big buyers But all sellers until this 146 This is extremely Heavy tape so perfect But now here we are mid-range 147 so naturally looking to play until this main level over here Or Below this level of here 145 So the range over here 1015 1030 this is not a play. I want to take Joseph if you can expand on that a little bit because just a couple questions number one is um On the way down. Where would you be looking to reduce risk to take some profits? Uh, and then on the way back. This is hitting a lot of your moving averages. I'm curious why Uh, you are not interested in playing it at these points Okay, so the first thing is we take the trade. This is a perfect Overunder set up that I teach in the room So when I have first of all, I have my plan my tizes We're looking for this level of here break in order to short Somebody is more skilled can start taking up a first position over here Then what I teach over here to to my traders is to start grabbing over here the big partial And then you can see that each bar Is making a lower high So until I see that the tape first of all with book map That we were looking for those main sellers And then I look also be here for all these lower highs until we're making lower highs I'm not going to take Anything maybe a trim something But the the setup tells me still to stay in and this is the first higher high that we take So the entry is over on 147 50. You can even buy option puts over here Comes down to this 147 50 145 1070. Sorry. So this is the the first main target. Also this level If you go back Is that pre market low? At this point we are outside the previous day rains We are outside the pre market rains. So what I'm looking to do I'm looking to see if we're going to have a jail on rejection out of this 145 and 50 The point is we had a perfect jail on rejection over here. If you can see bruce. It cuts here Reverse, this is a beautiful pattern love to trade and it would be here The point is we are still inside that range. So ideally I want to trade Only below this pre market level. So only below this 145 and 70 When we're trading no 10 o'clock 10 15 10 30 And now as you can see we start like bouncing We start curling mid-range No trade for me. No trade this point. So just simply waiting but Apple this morning was the Main setup that I was looking to trade short together with amazon Which unfortunately didn't play Amazon just simply bouncing over here and like uptrending But if I look at a bigger picture hourly chart We are in a bearish trend. I mean, this is totally bearish the first time of here. We rejected second time third time fourth time over here and now The play of today for me is still only a counter trend If you look at this level over here, we have a A decent amount of resistance at these peaks So if so anybody has long To 140 116 116 16 and 50 That's the main level where to take profit because what I've been doing the market up till now Each time we get this band over here We're getting rejections So one time of here we we pushed above we're ejected But we rejected over here We're ejected over here. We're ejected over here And it tends to you see even the past weeks over here months It tends to go to this zone over here And and reject or when we're long tends over here to hold as support So at this point for me, no trade counter trend on amazon I'm just waiting To see This one 16 and 50 if we can have a rejection stuff short or simply avoiding abs The main play of the day So abs is a stock with First of all, it's a small cap This stock by stats we were talking about last time By telno clock Holding the open level as 80 chances to clue green of the day Now just now is giving the setup to short you can see over here. This is stuff at the V web, right? This is this point over here. You can see where the fake layer out of a 20 So stock to open over here 9 30 bounce from the J lines bounce again from the J lines And this morning we took the short exactly here. This was the point a 30 a 20 this So this was the alert called in in in the room But right now 10 30 we have the possibility if we hold over here the open level in the V web This can push and you know can even turn on a runner. So this is really the the clue moment Okay, we're going to put these three levels over here So this is the stuff Exactly to that a 20 a 25 which is this uh previous level of resistance You can see we pushed a 20 25 unwinded so that unwind is our short And if we get to that a 20 that would be our stop break even If we consolidate it instead above this view up in a 20 zone Then we can look really to have a push this morning to 880 This morning we have the two main setups on this one Uh a good of it here along at the J lines And a good open short over here you can see now the volume is high look at the volume over here It's increasing pretty good a 45 It's not along for me yet. I need to see more consolidation And we have the last resistance over here a 850 a 50 over here still holding a 50 We have sellers as well jumping in you can see that Once we are below a 50 they're starting to shore right they're using this level over here The volume is high for me This is not an a plus setup to short will simply avoid and even better looking for more consolidation Probably a 20 30 and then a push longer this point So it's really reversing over here And this is the main level to watch I just have an example a few questions on your apple when when you have a moment Yeah, this is an example for example bruce of what I mean That push on apple that we saw at the open and you can see that perfect execution over here from From a trader in in the group, but you can see this level that we were looking and then He was looking for that main unwind So this is exactly how to execute the the trade over here that we'll look in before an apple. So Perfect work just following over here the the rules I trim a little bit too much at this point, but I would say overall a very good trade I like this This play a lot how we take it how we took it Yeah, I would I would imagine having a liquidity map there would would be helpful for for that trader Yeah, yeah, he actually has a book map. So he's uh, he followed that together with book map. Excellent. Excellent Yeah, yeah, he's uh, he's one of the students that I'm following And uh, that book may give us confirmation for for the trade over here Uh, I will put again To put again apple. So to see the execution To gather with the liquidity There we are So you can see that before we're looking for that Timing right and over here you can see the price pushes and over here We see the price pushes on a book map and then forms this lower high over here And this is a pattern that I love to trade the morning three-way pattern And then over here we have the open level breakdown as soon as we have this open level over here He sees that we have sellers in So look to what a what a perfect timing over here of the trade And then down here you start taking a little bit of partials And then you can see more Selling pressure start taking more partial more partial more parts down here Especially because this is the level There we are. This is the level where we start bouncing So we start taking the The major profit down here you start looking over here that until this moment we had lower highs and lower lows Over here. We start making higher lows. This is the first time we start making higher lows And in this case you also use over here the MACD Which is not a bad indicator But much better over here to spot the the triple bottom You can see the 145 Main buyers and then the higher loan this at this point and Starting to take more profit on this curl back up. So very good execution over here. I like this Okay, let's go back to tops. Sorry to ABS also tops over here made a big wash So ABS what is doing traders? above the open level Uh, holding over here the view up holding 90 may holding the support a 50 I'm not really looking to trade this short Uh, the only level I will be looking for sure will be this $10 Over here will only look for possible dips and longs Pops in the meantime Came to this 360 Remember what we were saying? We're saying I was looking for 360 380 for a short Happened the same thing as before it's stuffed over here Into the 370 So this area you can see the top over here again, there are Golden zone area and then right away. They slam it big wash over here. So broke over here probably sweeps Stop loss of the longs and Main target over here one minute in this is brutal brutal brutal wash over here So now if somebody is short on this one Main target today will be around 260 this stock traders Trader around 22 million volume I started with the gaping crap. There's not any more at a gaping crap over here So I'm not looking to trade this short for the day This will be a long Uh, or an a 90 may or a fake wash along. So we're going to look for that And this is exactly bruise of water. What's talking about? so execution from From a trader here, but that's perfect way to show the other pattern So when we are looking for this top over here at 360 the level too short good I would say over here very good. Let's see if I can zoom in This is not my computer. So I'm trying To To share as as best I can But you can see over here the perfect level too short so very good And the trader over here starting to take profit into the one-minute challenge and why so Weird job. I like this The same thing happened on buy-off this morning We have time we'll review it later The the the tops trade is um So very very different. I mean like some of the your trading is just it's um Related to it seems at least that it's related to your your moving averages and pullbacks, but um, uh, you've got I mean, you're not buying off of the bounce there. Instead. You're shorting off of the move back to the stuff Then shorting it back to the moving averages Yeah, well, this is uh One of the the members in the room that traded this I just want to share The perfect way over here to to short. So he's basically looking for the levels over here And as we're seeing before when we were explaining this Main stop 380. So you start over here to short this zone over here to 80 Risk in this high you can see it's a perfect way to to short And then over here adding and taking the profit at the the jail is over here really perfect execution great Great work over here From this from this member So well done like this A question back to your apple stock And the What you were talking about it's in the range right now therefore you're not touching it Yeah, so um Okay, I I'm just um From your your j lines. I mean typically like yeah, you are looking for that big trend and it has to break the uh daily range Once it's broken the daily range now you're looking for your pullbacks. Is that correct? Exactly the point over here is that I want to see a continuation of the trend to the downside So in this case we have this first Wave Then over here, we have a second one. Then I want to look for this kind of trend Of course, this doesn't mean I will start shorting over here I will look to short into this here or below this point over here with the The low of the day But that's a continuation of the trend I want because it's what Apple has been doing and if you don't follow the trend If you start looking always for counter trend moves, you're not going to trade a direction Then you're going to Encounter much more losses So over here the point if you so if you look at the chart on an hour, this is an hourly chart on apple I can release part over here the zones where I want to short here here here Here and then of course today I'm going to look for a continuation So those are the levels that ideally I want to short And I cannot really long over here counter trend or long counter trend. I want to stay with the with the short side if you look at the daily chart And we look at the last one month and a half over here On on apple we can see that this only put higher lows lower high sorry one two three Four so it just unwinding Okay, and that's the reason why I want to look only for a short side over here So I'm staying with the trend. I have a better risk reward I have less risk of getting stopped out Because I'm trading versus the main direction And that really gives me an edge in trading So right now If we have this pullback over here, I'm not really interested unless I have or this high. It's was the pre-market high Or really we are below this level over here for the pre-market low Or 145, which is the low of the day So very precise levels we're to look for I'm looking for my strategy my patterns if I don't have that there's no trade over here We already had so many opportunities for the days So I'm not really looking for anything else If I can just since it's been a while and just trying to kind of Uh Enumerate or Kind of um sum up What you're what I remember from I mean it's been years now, uh, you've been you've been uh, presenting here. Um, so You're looking at Already things that are moving. That's one of your key Tenants here is to understand what's moving in the marketplace And that's why if you do not see Something like apple here moving outside of its range and trending you are not taking the trade Exactly So a lot of times the the large caps they don't move so, um, therefore, uh, you know You don't get that bigger move or trend outside of the range But the smaller cap that's why you will go to the smaller caps because something will always be moving in the small cap land Exactly. I mean a trade like we saw for example before on On apple Let's say we have a two or three trades like this In a week I mean with size or even with option. That's your Can be your weekly or monthly paycheck So you don't need necessarily to trade every single day You have only to take the a plus setup opportunities where you know that you will have like a high win rate And more than this A good risk per war ratio We're looking for three four or five even 10 are in a trade That's really Makes you build your account fast And you can live By trading like this I see a lot of traders that they want to trade every single day And yes on small caps you'll have opportunities every single day You scalp i have scalpers that i'm teaching on the big caps and futures They're trading every single day, but if you are a day trader if you're looking for momentum You don't want to look for a sideways action You need to see the trend you need to see something is moving because momentum traders day traders They want to make money fast on what's moving that day They cannot wait a consolidation for like two months or three weeks They want to see money coming in in that 30 minutes two hours that are trading So that's the key point finding levels Finding stocks looking at order of flow and looking at chart patterns Without this, I mean You won't Be successful. So you have to be looking really for what's moving or out of the day And you have to play it according to your strategy So you can see over here bruce right now Even if you look at apple and we see these dumps from 147 20 146 and 70. I mean, this is uh Or a scalplay or for a day trader is not into trade all right and I can put over here So when I say scalping something like this Okay, so where you enter in and out and you basically Have so many executions. All right. This is a way of scalping that I'm teaching to some members And it's very profitable. It's very profitable The point is in this case simply don't care If you have over here a trend Outside of previous day range or not. He's basically using the levels to trade and with the prestige system He's making money daily. Okay, so that's uh, that's the point Yeah, and then in this apple example It is a move outside of the range, but a stuff and then you're looking for covering back into the range Exactly exactly exactly like over here. Let's say this morning. We have right now At 11 30 I push to this level and over here fails I would short this level over here putting the thys top Looking if I have sellers on book map and then looking to cover it precise levels Like basically happen over here at the gate on this push and The the big unwind over here. Okay All right, let's Joseph just one more question on uh, sure. I just I'm just curious the um Uh integration of you've you've taken a new step a big big step with looking at more quantitative data And do Some of the trades that you've been looking at today have those played a part Exactly. Uh, it really has Uh, so if you look over here at a b. Us Bruce Uh, look the stats of this uh, this company. Let me see if I can bring them up Sorry for this as I said is computer my wife Well, let's see if you put stats into your trading Your training will have an edge and uh, absolutely Uh, you can come and write me and ask me about the stats that will help you but absolutely will have like A better Uh, a better performance. Absolutely. So this is a b. Us, right? And I'm going to explain the point over here. You see that a b. Us this morning has institutional ownership guys over here 55 percent So, uh Not focusing right now on the news why this is up actually have no news as a sympathy Not focusing on the financials. You see the company, for example, has no revenues Uh, not focusing on the history. So for example, somebody will look over here. This is a small cap It's a gap. No news. Uh, no revenues. We'll just sure sure sure short and short It's true this morning. We had the n a plus set up short over here But I want to I want to share this two seconds Uh, which I think is uh It's very important to make uh traders understand Let's see The stats a b. Us a b. Us Okay, so this morning, for example explaining Uh, possible long. Sorry possible long scenario came coming and this I explained at 10 o'clock The name stats for institutional Uh, retailing woman jeans then curl with 90 may curl up. So at 10 o'clock. So exactly here When we were at this point, I was saying if we hold over here on a b. Us At this point, we have a high chance for this being a grinding runner because what I did Was back testing the stats and it's pretty easy. Uh, this is at the trade. I do it with this app And I back tested all the stats in the last now five months On parameters like uh over here in a b. Us And what I found out is that uh with precise parameters So, uh percentage of gap volume traded institutional And over here holding by 10 o'clock. Okay, so before I did a first back testing from 10 30 then 10 o'clock holding the open level I know that 80 percent of these 80 percent of these Clothes green on the day. So what does it mean? Yes over here stuffing everybody saw it We can take a scalp But rather than this, this will be a headache trade too short because you can see over here Once we're playing the open level the vweb at this point where you see the error It already up one buck So what I want to do over here is I don't want to short because I have my stats telling me that this could be a grinder all day And that's the important of doing the stats traders Yeah, so Again, it looks it you know that these stats are fantastic However, it is an overall picture It's not a setup or anything like that But it it can guide you now to point to what kind of setups you're looking for Exactly Yeah, yeah, that's fantastic. Uh, you've just filtered out and made things so much more higher probability for yourself Exactly and uh this morning. I even made a tweet around eight o'clock saying this saying about the stats So there's nothing, you know, I'm inventing things Before or after Just explain over here. This was my 220 220 the 820 am Saying over here this reminder high institutional ownership on a 24 uh 4 million float with now new sympathy No revenues fit level by back testing. We have the possibility of 80 percent times closing green And explain this one hour before the open That's what stats give me So I teach a lot about the statistics and uh And displays How to manage them how to build your I would say your chances to making money in the market So Joseph can I mean, I'm not trying to I just have all sorts of questions today. I'm sorry. Um, uh But um, if you have time to cover, uh, Maybe you can go through like how you would look at, uh, how to trade something like that Uh via the order flow And how that how that can give you an edge because clearly like if you have that stat Um, you you got your candlestick chart and you're moving averages and your levels But it's going to be the order flow that's going to really be helpful For some exactly exactly because Stats give me an idea or they tell me in the past We had this happening 80 percent of the time 80 80 percent of the time on, uh, if I remember correctly 60 stocks Now that doesn't tell me where to trade So what I want to do over here is looking for a possibility Uh off an a plus setup to trade The a plus setup to trade over here comes only if I start seeing I look at a one and a five minutes hard This is a five minutes hard First of all, we can see over here, uh A hold of this level. Okay, so this is a main target for this type of stock that I'm trading And then I start looking for a reclaim the open level which is The open level this over here around a 10 If I see a consolidation above or I start seeing dips into Book map Then I can start to trade this Uh, over here this morning, uh, I had the only a plus setup is this wash over here So I would trade this every single time at 9 9 10 For the long, uh, why not taking this over here? Uh, I didn't have Uh, besides this level over here. I didn't have my Uh, my j-line curl or the perf in 90 may curl that I wanted This is the only a plus setup that I will see over here because we have a level in this case a $9 level We have this wash out So beautiful v pattern that you know bruce that I look at these v patterns often And exactly this on the reclaim of that 9 so 9 9 0 5 9 10. That's my level too long And this is for example, what I did yesterday at xi All morning All morning at xi went up more than 100 i was taking longs longs longs and longs and And that's how we mastered the first part of there in at xi. We took an amazing long scenario And now what happens over here? We see 9 50. So a lot of traders of heels start to short Is not a short because we'll see a lot of Um resistance here here here doesn't mean bruce that we see a resistance will have a rejection. You know how many times Uh, for example, you're long You're putting yourself on uh You want to sell so you're putting yourself on the ask. Let's say you're long over here a 70 Doesn't mean that you have the over here the power To push down the market. I mean over here if you see this uh tape if you see the sort of flow It's all green over here dots So we have a lot of main sell buyers The sellers over here are just who want probably take profit We have no backside of the move. We're making higher lows This is just like a fake washout. That gives me a low degree risk to enter long And that's what I trade a very low risk for you know 5 6 even 10 r return on these trades Now that I take along this morning. No, I'm not trading this morning over here personally. As I said, I'm in the States I have to leave tomorrow morning very early. So today will be a haptic day for me I need to be calm and have everything to trade but that's exactly what I teach my members to do every single morning That is the level that I'm showing over here this fake breakdown that level of here Once we reclaim the view app, of course, you can say oh j I'm going to trade long over here And that's fine, but you have to be very careful in case we stuff and we go back down over here Okay, remember always that even the stats tell you this is going to be 80% long I want to see always a confirmation. So only if you have very good skills and like in this case that you can read bookmark pretty good And you can analyze over here the Over here. Okay. It's perfect and you can see over here the price section Then you can take over here long so we're here in the reclaimment of the web Yeah, this is fascinating. Joseph. It's like you you you have been looking at for many years and obviously continue to look at your candlestick charts um however now You know, we can see the lack of transparency that they offer Um, so number one is the statistics. You're not there's no statistics in here whatsoever. So you're using Your own tool for that And then you're looking at book map to confirm like some of those areas like in that that dip That's where that's where you would get in and again, you just that kind of transparency like I don't know. I'm I'm not trying to like push or you know pump book map here I'm just saying that I think these other charts are and we've been looking at stuff that's just antiquated basically Yeah, yeah Uh, I can tell you Bruce that I I've been mentoring a lot of traders In the past uh years uh, a lot of these uh Had uh I would say no clue of what book map was in the beginning So they they were pretty like I would say hesitant and uh to to learn But then when they see When they saw how I was using it Uh explaining for example all the the place using book map together with the the tar pattern that I teach They started to be I would say um So convinced about this and their trading performance improved so much and I can tell this like on Dozen and dozen and dozen of traders that I've been following So try it guys and just let me know I'm over here really to to hear you About that. So how I trade and every single day I screen share I explain all these setups and meet even a video like a few days ago explaining book map together on small caps on on my youtube page So I was using book map for about 15 20 minutes and it was live Okay, so it was live you can see all the execution and everything that we played me and other five traders I think so cool because we share in the exact moment the market was doing things We were longing sharing executions and sharing what we saw in book map and explaining book map So you saw exactly my accounts. You see exactly my traders for if I traded taking the exact same trades long and short That was a cool thing we did like Um, so now over here where we're looking over here on abos. I'm not looking too short So this for me is a no short Maybe you can have like some dips over here to the 890 or 880 But again a stats Or the flow still like pushing over here I'm gonna lonely look for a long Long place That's that's fantastic Joseph. I mean, this is a big change You know Whereas before like you'd be looking to trade it back down to those moving averages Yeah, exactly So I want to see over here now. I'm looking this level remember before we had the 895 $9 We had over here a fast washout Because I said I'm not looking too short over here They have buy up tops Apples still in the range. Okay, we have to wait. I think this is the most interesting stock for now to trade So sellers over here stop. You can see a little bit of stall They're using this $9 support For now, we're just waiting over here and I also would like to say that A lot of traders think it's only about winning winning winning winning winning I can tell you this trading is not winning Instead trading is about Losing and learning how to lose This is just to make an example. This is a An example of this. Okay, this is a scalper trader that I'm following Usually it's still small size, but the point is he's having around 38 40% win rate So everybody will tell me oh, that's too low. Okay, of course over here is not paying commissions Uh, there are certain routes that you can use for example with cobra and other broker that You don't pay commissions. Uh, the point is in his return Per trade is very good. That's how he can have these days. All right, and Doesn't it mean that you have to have a 70% win rate to make money using what using book map And uh big caps with Australia I teach them. That's it Uh, so he's been doing this for the last three months now We're going to look for the four figures daily soon But a point over here is that we're looking for for example per trade, uh, $15 stop But for return we're looking for a 30 $40 target Sometimes even more So even with a 40% win rate, he can be highly profitable and make money That's the main point of the game. Okay, so learn how to lose Not to win every single time And this is another trader with book map for example That I'm teaching on big caps He's only doing book map two stocks a day still small size But it's consistent So no draw downs knowing how to risk Sizing up will come so just keep patience But that's what I want to see when I look at the performance as a trader. Okay, so this is very very important Again, this is another trader that use book map and the pattern. That's it Trading is very simple if you know what to do Joseph, I mean So I mean that's just it's that's amazing. I mean you can't be much clearer on What it takes to trade That you know, don't worry about the wins they will take care of themselves worry about the losses And your your trade management There's one big piece that's missing I think from that And that is that they are trading with something that has an edge And that comes first That they know exactly what they're looking for And they're taking it again and again and again And there will be losses on it And there will be different variations of what they're looking at in trading But it is They're their plan And they know that they have an edge Doing it Once that happens, and then the trade management That doesn't freak them out And then they can handle their emotions and understand that the drawdowns and the and the trade management You know now they've got something really solid that gives them confidence They know that these trades work and they've proven it to themselves Exactly exactly exactly The last thing that traders will need to Learn after they learn the strategy And by strategy I mean patterns in order to flow risk management Is self control That is the key unless you make you know an algorithm or boss the trade for you That's a key in becoming Becoming profitable or you know looking for making seven figures a year Or even more Self-control and discipline and for this is a lot of training. Okay It's like for example, if you're an athlete, you're very good But then even athletes have mental coaches So self-control In trading is one of the most important things That you need to Practice because there are like precise Exercises precise things that you have to do to control yourself So you can see over here Bruce that ABS look it told us before okay, if you didn't know over here that It's a high institutional will trap it over here. We're having a breakdown. So what happens over here? We'll have like short sellers Who are long stopping out at this point Instead what happened we know perfectly and remember what I told you I'm not looking over here too short I said possibly we're gonna have a dip to 880 and then we'll Push back up and that's what this kind of stocks do generally So if you have like, you know Observe this and watch these type of stock with certain parameters over and over and over And you know we're here not to get faked out And you have to look over here the bigger picture You're still in you're still riding the trend and you're still looking for you know a more upside move Yeah, all right that that quantitative data is Just Building even more and more confidence for you Yeah another execution before Bruce remember when we're talking about tops And we were looking for that 360 This is again another trade over here taking that 360 perfect over here Looking for that unwind So taking the trade shorting. This is just doing right now live and just like said it to me Uh, so you can see where we're looking before the level on the chart Book map pushing that 360 Right away you can see over here the shift from buyers to sellers This is so easy really to spot and what he took he took the trade over there short covers and covers along the way Very very easy Yeah, that's that's a beautiful example You know picture perfect over here. You see this right now So this uh trader took it Uh, this other trader took it. I'm pretty proud of her. She's mary um Another trader over here Took as we said before so you can see the same patterns And it's very Reliable It's very easy to spot this If you have the right tools And abos is curling back up again for me. This won't be a no short Until maybe 10 dollars even here would need to see a major fake clear out Look over here where they're doing now is a 9 30 9 40 What happens over here? Sorry sellers So now we have big sellers over here pressure What are short of here? No, it's not my level Because I know these stocks tend to do this over and over and over And it's still uptrend So I only will be looking for that 10 So And again, it's probabilities. I mean 80 percent of the time Mm-hmm 80 percent tells us that they will close green on the day. So it's already green Of course could go closing at a 50 a 60 Uh But I'm not taking any chance over here of shorting these levels over here because I know that by this setup The level we want to look is up here and can you Maybe talk a little bit about institutional ownership Within these it seems to be a big component Yes, so Let's put over here. We'll Put over here Something about institutional So when we're talking about the institutional traders Remember, you will see filings the sc 13 So you can go like on your files and check for it I'm sorry or you can look for Directing the stats with as you trade It's not that with high institutional So when I say high institutional means like When institutional above 40 percent we cannot trade short Okay, it just means that it will be more manipulated And what does it also mean it means that we can have More longs if we're going to hold the dips Right So for me, it's a rule of thumb That with high institutional it's more difficult to short So what I'm going to do for example, if I want to shorten really think this is going to be a good short I'm going to for example look for More scalping plays I will look also for More precise levels using book map Or I will look simply for long Remember look at the for the sc 13. Okay Look for the sc 13 Pull back over here to this previous low 880. Which was the previous Support this area. Okay, let's check over here apple So sideways action Just what we were saying before sideways action I'm not going to trade over here I can't put my levels Trace my trend line. So what we're going to do over here. We're going to remove some things Clear drawing set Uh put in a higher time frame, so I'm going to look for a five minutes or a 50 minute chart So let's look if we're going to have that breakdown This is a pre-market low This is the low of the day pre-market resistance So what I'm going to do over here. I'm going to only look below 145 and 50 145 This area here to start looking for a short not before Uh before we're looking at tops so tops right now is fading. So if short just hold the short A bs over here to the one minute J lines So we're going to look for another possible long This time. Let's see if we can alert it Live if we have the pattern I'm some small supportive here. He's 70 Still not along over here What I'm looking is a trend line break consolidation long or a fake washout long Do you find yourself, um I I guess in this example, uh, you said you would short it if it becomes overextended Mm-hmm So so you would go against some of your your quantitative data, but only under specific circumstances Yeah, because even if uh these stocks tend to close green by 80 percent of the time They can extend the average of extension is around 18 20 percent Let's say they extend 40 percent. I still have by stats that they will retrace from that 40 percent 50 percent Okay To a 20 percent In that case, let's say we even extend to that 980 10 10 20 Or maybe this 940 will be the top. We don't know. Okay But the point is if I have the level if I have bookmouth telling me to short I still will take a short because It's still a pattern that I trade and I know that even if I have an extension Even if I have a high institution ownership they can extend and then they will pull back If I look for example at the daily chart Now, I don't know if you know maybe us we can find it But for example, look at the scandal over here. Yeah, it extended And you know this extension could be that pre-market high It could be that date level and then it pulled back So I still have you know a massive win if I shot up here and I cover down here So in that case it's still valid for me to take that, you know, that short Some hold over here with the support You can see they They had a little bit of absorption over here at that a 70 traders That's a good bounce from that You can see I'm zooming in you can see over here a 70, right? They are absorbed over here the sellers They're so like bouncing it Would I enter it here? No, I need a little bit more confirmation I want at least like a 20 30 minutes of sideways action And to too long over here So we have all time Even if we take only one trade per day Boy, the spread is pretty big on that too Yeah, exactly. Exactly When you see spreads like that, are you getting in mostly like you hit You know by buy on the bid Yeah, I will try to get a feel of the bid or maybe you know bid plus a couple of cents I don't want to you know jump on the ask have already like 15 cents Sensual spread And I'm very like, you know on the war even before the stock moving Joseph I have another another question for you to kind of I'm sorry. I'm so filled filled with questions today And and I know you're busy Actually, Bruce is good because I I have some members over here writing me that questions are good because they can understand things better So I think it's more exciting over here. Like, you know, uh Dole desk like Latin used to say like, you know a feedback one-on-one like this Oh, okay. Okay. Um But I just know you're also busy. You're gonna be catching your flight and etc later. So I'll I'll try to keep it brief. Um, so, um, I'm also wondering about like, um, uh, commissions and you know offering, um some some of these brokers That are offering commission free. Um, how do you feel about that? Because basically you're you're you're selling them your liquidity Mm-hmm. Mm-hmm to somebody else, you know So the point is you're asking me if brokers with free commissions are good I'm asked. Yeah, if if you find it, it doesn't really affect you or if you are you You are willing to pay for the commission to get a better fill Personally, uh, I think that there are brokers, uh, that are good also with, uh, free commissions. Yes Uh, but also you can even have brokers that will charge you commissions Um And you even can have free routes through them Okay Um, I cannot make over here publicity because you know that I work with certain brokers bruce. Yes, of course I don't want to do that But, you know, there's a good amount of good brokers out there right now Uh, being that you pay commissions, you can still make money Or that you cannot pay commissions I would only look for one thing to say Try if you're paying commissions To, uh, use the bid To buy or short the ask or even to sell that so add liquidity because if you have certain brokers, you will have rebates And so with the scm fees you'll like, you know, it's like if you pay parcel for your commission, they will pay Or if you also like let's say trading Uh, remember that if you don't buy on the ask So if you don't take liquidity, but you add liquidity like by buying the bid you'll always buy lower In that case the trend goes against you the trade goes against you. You have a better feel There's a double story on this if I buy let's say Uh, if I want a short, okay This is uh, for example a scalping pattern that I teach if I short over here on the ask You will never get filled Unless I'm upticks, but means the table's tall if it's a fast wash you will never get filled never So what it means you will lose the opportunity So you have to know when to buy on the ask or when to short the ask by the bid or buy the ask In this case, I will short only the bid because I know it's a stuff It's a stuff entry This this morning over here Where you can see that we basically topped into the jail us Bookmap was simply sick over here. We called this we alerted this I was saying just a few minutes before the gate traders look for this pattern Picture perfect. I'm really proud of this But over here if you short the ask by buy you stay on the ask Bruce over here a 40 I'm shorting a 20 and I'm getting filled over here. My accent is 750 and still you're waiting to get filled over here So short over here on this fast momentum trading Environment to the gate you have to shorten the bid unless, you know, you have like preset orders Which is still good in this case. You have like preset orders over here, you know, what they call like Over here putting out limits Fantasy orders, they're not really fantasy because you're short on a precise level But it's a preset order In that case, you're getting filled parts on that hit the bid when it comes back down Vice versa the same thing when it happens for the long-sighted, right? So there's the same exact thing The only thing I I would say Take a broker that has a very good customer care. If you want to do this professionally You know a very good customer care. That's the main point for me So maybe you'll pay something more Let you know any problem they fix for you two seconds So I wouldn't look for too much discount brokers. I mean There are some discount brokers. It's good for swing. You put the money there But rather than that if you want a day trade seriously If you want to make seven figures a year It's like could you run a formula one with a fiat fiat funger or with for example, you know, the The new ferrariol fella clerk Or we're stopping or whatever red bull I don't think with a 500 fiat. He will do any good You never know though Ha ha ha ha Why you're in a 500 fiat? No, no Yeah, just a it's clear as day joseph So let's give a last recap over here what we were having apple traders Everybody wants to trade apple today. I know as so many people are writing me this morning apple bad news will fail down okay it failed over here pre-market ready now it's pulling back again or we get this level 148 in 50 so monitor this during the day or below 145 in 50 by it it's a stock that we are looking at the gate it pushed over here so this had a main volume exhaustion over here these big spikes then over here topping stops we are looking to play these and now it's a main fader all the way down tops but who trade over here perfect at golden zone area so really proud of a lot of traders over here who we got it and then target over here will be around 250 and then over here we have a BOS what we are looking Bruce what I said don't short right look the stats and look over here what look this do you see over here any sellers of course we'll have a little bit of sellers but look over here this is a sweep to the upside so somebody over here was assured that maybe put a stop loss look what a spoils this is incredible right so I don't want to short this crap buddy I don't want to short this crap yeah I mean that's that quantitative data is just an amazing filter yeah and look over here look over here book map I don't see besides over here on that stuff look some cells I don't see over here sellers where they are so right on this push over here which is this first pullback 90 May I don't see anything over here that I want to sell I want to short so learn how to read this guys learn how to read this look the difference now I'm gonna make you a little test look over here this chart from from here tell me if the majority of these dots are red or green green totally now you look at let's see what we were looking before okay look at Apple this morning let's see if we can go to Apple back over here I have to zoom in a little bit more there's a little bit more okay look over here look the majority of these dots being all red look that's a heavy tape so that's a heavy tape and that area over here is a strong tape you see the difference so traders really look at these things okay they they help you being in a trade for longer I want to share the last thing Bruce sorry because this is a pole and he traded with this softer today and he's getting sent me this to share with you so he's right over here with us following us just look over here what a beautiful play this is he's explaining Tesla over here right so the bounce over here from the VWAP the curl and you can see over here these levels of heat map they are like magnets where you see the liquidity going through and what he did over here Bruce he longed longed longed start selling start selling start selling to the upside what a beautiful trade what a beautiful trade look he got along into the 282 added 282 and 40 and then he sold on this push and how he did it he just sent me over here he is using book map together with over here the play on Apple this is doing live right now he's one of my mentor students so very proud of this job you see Bruce how beautiful this is yeah yeah perfect amazing work so just this just this guys really all right Bruce I need to fix a little things for tomorrow the speeds and everything I will send some pics from chain for calls if anybody over here that's listening to us is in Vegas just come to to see me we'll be happy we'll see next week Bruce you said you're not here right that's correct I'll be I'll be away but Sam will come in and cover he loves doing it with you so okay perfect all right so thank you very much Bruce I love really today to have this Q&A was I think so so great for even a lot of members and a lot of traders out there thank you guys again if you need help reach out Bruce me anytime and have a good day thank you Joseph