 Good morning traders and welcome to the live trading webinar event here with Jay trader So he's a socks trader. We do this every Wednesday. He comes in a little bit later He's finishing up with his trading room. He does offer mentorship. So if you guys like what you see here Then he does you can reach out to him and also get services from Jay trader The you guys know who he is or if you don't read this We do it every Wednesday. You've got his contact information. I'll be putting this into a chat for you We'll go through the disclosures and then we're going to jump right into the S&P e-mini. I'll go through that Until Jay trader jumps into the market here or into the chat, okay? So general disclosure now This is important that everyone knows what you're getting involved with with live trading here because it is in demo paper trading mode and all book map Materials information and presentations are only for educational purposes and should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading Executed in simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors and investor could potentially lose all or more than the initial investment risk capital is money that can be Lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading past performances Not necessarily indicative of future results. All right, let's jump in. Let's take a look here Wild day. We were kind of anticipating this earlier in the week. That's why we had a couple choppy days in there So as everybody is pretty well aware of We're waiting for some data here. We got it. So The CPI data here numbers were good Obviously, this is not good for the not showing to be good for the market here typically it is but in this Inflationary Environment, this is not good. It just means that the Fed is watching this data and that they will likely continue to raise rates therefore it's going to be harder for businesses to make profits with Money costs more to borrow etc. All right, just simple stuff here. You guys know all that but And we have also retail sales coming up. I believe on Friday, right? So You know, we have more data coming up. We have another In very important economic event and Yeah, we can see the Quick quick move to the downside here and then the back and forth in here. Alright, so Let's take a look at the bigger picture. We've been looking at that and here's Monday Tuesday and then here Wednesday Yeah, this is something that you know, we were looking for the bigger picture move to the downside From the daily chart and some really difficult kind of choppy days It looks like the on the daily is like pretty simple trading here on the hourly This was really kind of a mess hard to read the hourly here up down Up down etc. But we on the 15 minute chart. We had our bias here to the downside and Anyway It's been playing out and then the CPI data. It just really broke here. Okay, so anyway I hope you guys have been Making some good decisions based on the higher time frame and then looking at the book map here to get the order flow Within that higher time frame. So do we have any levels here in general? We want to take a look at Yeah, we do down here on this hourly chart. Okay, so these swings down here. This is where we found buyers previously Okay, a lot here. In fact, look at this move. Okay. Now. Let's take a look at that move. In fact Move to the upside. This is like a flag pattern Basically, all it means is strong move a pause followed by another strong move And then we can see we gapped here on the hourly On Sunday evening and then we had the Monday and Tuesday and then now we're down here Okay, so back down into Basically, there's gonna be a high volume node down in here on your higher time frame chart And some of these swings down here This is where we want to look to see people cover as well as buyers start to come in potentially Maybe try to scoop it up down here at a at a discount. All right, so some things to consider and Yeah, we might see a squeeze back up into and fill fill the gap here as you can see pretty big gap It's trying to do that right now from the End of the cash session yesterday to the beginning of the cash session today. So these are regular trading hours only Okay, so we can see the gaps. That's why I have it up like this And yeah, so let's let's see if we can get enough buyers to come back up into about 3810 Something like that. Let's look at book map. Okay, that's a level of interest. Okay, so 3810 Where is it? And it would be Up around here and is there anything else kind of aligned here? Not really. It looks like a little bit higher to be honest in book map Somewhere probably around this 3818 looks better to me And we do have this level around 3800 Which makes sense the figure and we have some liquidity there blazed right on through it with the CPI data Let's just zoom into this this move in here Let's take a look at some of these clusters in here and start to mark some of these areas up to give us some insight Okay, so a nice little cluster in here now This is gonna be kind of hard because that you know, we have some I had some rhythmic data issues I can as well if you guys have some questions about that So anyway, we're just we're marking up levels right now And trying to see like where price might go back up and retest and that 10 level doesn't really fit I'm sorry. Maybe it does right and through here. That's about 10. Yeah, that's not bad Yeah, I don't I don't mind that so let's let's take a look at current market and see what's going on And then we'll also look at the downside levels as well Lot of liquidity up here a lot of liquidity up here And yeah, our levels are above that liquidity though. Okay there you can see that they're at 3800 and below All right, well, let's take a look at the other levels here on the downside. It's basically on this hour chart somewhere between 52 and 43 or something something around there. So let's take a look at book map Okay, just marking up, you know, very simple levels here, but we want to look around You know, what's happening at those levels with liquidity? We're matching them up. Okay, we're looking for something to unfold At those areas. So 50 is pretty straightforward And then 43 or so down down a little bit lower and look at 3700 down here Anyway All right, so we got some levels to take a look at And now let's take a look at the action of what's happened after the event and what's happening here. Okay, so Guys pretty straightforward as well in here as you guys can see the we have the move down sideways consolidation here in a breakout and now we're accepting up here Okay So it's still accepting up here So then we're looking for buyers here not sellers for this to try to go back up into the range Right, you can look at your profiles in here. Maybe 3790. Okay, but what's going on here in the order book? Well, there's quite a bit of liquidity here at 3780 We're finding we're not finding too many buyers here We're looking actually for sellers here and maybe we can break the range and then head down to 70 and then 60 Okay, and where do we draw the bottom of the range is actually 55 here Okay, but liquidity down here at 70 and 60 Why don't I have the yeah the on-chart Stop some icebergs just because Typically just for the demo purposes in here Just trying to keep it kind of clean and simple Looking at just we have it in the sub chart if we have some questions about it in the sub chart here We'll turn it on and take a look at it. Okay. It is it's a good point I just don't want to you know, I want to kind of focus on market structure volume and liquidity right now Just three elements in here And look at our higher time frame levels. It's this is what it's all about higher time frame levels and liquidity around it and and our market activity around it which includes volume and transactions and the The liquidity right so where do where our players lined up to deal or or trade? That's what we're looking for. Okay, so here we got some insight right? We found some buyers here Okay, whereas before we didn't right? We're watching this area quick very closely And you know it can trap some sellers pull away now that we covered this yesterday We've been covering these things these these concepts for years Here is our consolidation here is our move away from that area All right, they're not gonna come back down to this area here Okay They're gonna pull away and stop people out Okay, or the market will pull away and stop people out Okay Now once it stopped people out, maybe it will come back down and dip down not only into this range here Not only to the bottom of the range, but then also break Okay, but right now The market is searching for traders It's finding them via people exiting By by stops here Okay, so that's one of the conditions we want to understand here in Within within the order flow, it's an important one. Okay, once you hit the sell button in here It's really important to understand our position is now a buyer and these are people buying here Okay, now we can look at that information because we have the stops in icebergs and Start to understand like wow, this is a lot, you know You know hundred and a half or so. This is where I need to turn it on. So that's a good point And take a look at it in here Show icebergs and let's get to Yeah, you notice how like you'll need to kind of maybe deselect and reselect and get this automatic mode here I like the mode that the setting that I have here. I have The it'll show the other filtered icons here But only at a transparency of 50% and if it's above or at 285 or above then it will it'll show here on on the on the chart. Okay without the transparency All right, so we're getting kind of a lot of you know smaller transactions in here All right Now we went over this concept quite a bit yesterday. Does this make sense to you guys you understand? like the You know down at the bottom of this range, you know, we had high liquidity here Typically what we look for is how does the market react to this high liquidity here? Do we find more sellers we started to and then buyers came in and traded into it and threw it Okay, stop people out and now we're trading back down to it here. So now the market again is is searching for Liquidity it needs orders to trade So are we gonna find that? You know anyone that bought maybe bought in here Are we gonna find them in here and they're gonna be sellers down below? Okay, not yet We're not ready yet And maybe we need to accumulate more buyers attract more buyers Where would we attract more buyers? We made a higher high up in here Okay, maybe even come back up to 90 Good morning Bruce. Good morning, Joseph. All right so Just a moment there's a question here, please mention the level instead of saying here. Ah, okay Yeah, I'll try to do that. Good point All right guys Well, yeah, you can now you can see the break actually looking for the break to continue here and not just down to here at 75 I want to see it go down to 70 now the sellers can take control of this and move it away And and then get more sellers on the hook and then watch the retest back to 75 You know something like that. Anyway, some some different scenarios to consider here by Understanding the order flow and the and the traders within the order flow. All right enough said it's Joseph's show here Let's turn it over to Joseph and let him take it away. We're here for the stocks and let's Get to it here So There's Joseph right the go bros I Am Ready now. Yes. How are you Joseph? Thank you, buddy? I'm very good glad to have you back Yeah, thank you. Thank you. You know, you're the host Yeah, yeah, we had Sam last week he did a great job with you guys Yeah, yeah Today I was looking at the main gappers. I was looking at Tesla. Yes We had the CPI Tesla yes market dumped And I was looking at this stock. Yes, which is a stock with a two Billion market cap. So it's not a small cap company We have a 354 million float an institutional ownership of around 22 percent in a pre-market gap high of Off sorry a pre-market gap of 48 percent The pre-market volume traders. Okay, so we're talking about pre-market only until 930 over here Had trade already 36 million plus now. We are about that 73 72 million. Okay, so 31 million over here 72 million and This is not as I said the usual small cap that just like Pumping dumps I share this chart over here this morning and I need to go over a few things with you because you're gonna understand how to read it and how to I would say See the the chains of bias he also the risk management So we always show We always look at the levels to trade and I was looking at my daily chart over here So I came I read that I read the news So news over here on is is basically we have earnings Okay Sorry Serves after unity software agrees to acquire in 4.4 billion all-stock deal Okay, so we have a merger and over here. We have Yeah, only merger agreement. Okay only merger agreement So we had over here Levels and I said precise levels at 375 because I was looking at this main dip in this top and Then I was looking at this other level over here for 18. I was looking at this other level over here So I'm looking at levels where we had rejection or we had bounce I also had to put my support because over here. There is A gap fail, right? So we have a support 314 and then support 304 Let's start looking at what happened this morning, right? So why do you see over here? Those red lines are the levels that we put before So the price was going up straight. You can see this morning making higher lows. This is a five-minute chart At a certain point we found this level of here for resistance and you can see the price started to be pretty lateral That price section is what you can see over here In this here. Okay, so we were Ranging from a three dollar level until a 320. I started to short over here over here and The plan for me was yes, this is a billionaire company. I'm so looking still for a short Because I have a very low risk area to short into So I started to have this resistance over here. Okay, I will try to zoom in so you can see this better Okay So that area here is over here three and three twenty. I Started seeing all these push Into that three twenty and I saw a big seller on the times in sales So over here in book map. I had times in sales now. I at the moment I deleted it and Then over here you can see another push to this 317 316 and then sellers again And then another push again over here to three 317 318 and then seller again The last sell-off over here. So this one you can see they're starting make a wick Downside over here. So we saw we had some exhaustion in my plan. I Was streaming over here My plan I said I'm risking traders three twenty Right away instantly and I know that were six around six forty four six forty five We know that you know in proximity of seven o'clock. We can have like a surging volume So I said it's three twenty. I need to cut. Okay, so this setup over here That I trade I call topping action Okay, so you can see all these stops into book map and this for me is a perfect reason to short Often these when I trade pre-market But even big caps works a lot or on futures But in pre-market, especially They tend to work very good because I have a very low risk As I said, my average was around three ten three twelve over straight on multiple accounts And my risk was three twenty. I know that on the breakout. We'll have a bursting volume So I have to be super quick to cut. Okay, and you can see once we cut I got out around three twenty two three twenty three. So I lost something like between seven ten cents We started having like a bursting volume over here. So the volume rose over here So so strong we pass from having an average of 200k per five minute bar To an average over here above 500k. Remember we pass from 100 200k maximum To 500 600 even 700k. All right, so more than double off the average and once we had this Breakout of 320 so we're talking about this level. I Didn't sure anymore. It was too late for me to take along. So what I did I waited. Okay, I waited I Start looking other stocks. I saw this big four dollar resistance and I was planning to take a short. The fact is that we went into the three nineties I didn't have, you know, 396 or 398 And I didn't a short over here. All right I didn't sure because I was still a little bit far from that for So I waited and I didn't take this first dump that you can see over here Went back down all the way to the 90 main Now look, where's the trick? Imagine Bruce and traitors It's like I started six o'clock Now it's 10 past it's more than four hours. I'm looking at the tape when I'm saying the tape means order of flow level two times in sales and And the chart of course so I saw every single I believe every single print and The volume that this stock had pre-market was huge really really you could see tons of big players ton of blocks passing over here So at a certain point I started seeing one of these Over here a big seller and Then the same seller Probably moved down over here and then another player Is like sweeping right so he's like putting over here like resistance resistance So they're trying to hold it below 330 now One possibility is that this player over here. I don't believe he really wants to sell over here I believe more that he's doing this to all the price down so that probably Him or his group over here. They're acquiring Okay, lower prices for then pushing this back up again. Okay, this is a possibility We don't know for sure But that could be a possibility of how I was reading looking at the tape looking at the absorption over here Do we had we had a big bar over here around 310 this level over here? Remember this 310 that is that I'm point over here on my chart is also level of daily And then they start like to push it so I saw Traders getting long getting long At this level and this level So basically we had This sorry this dip over here around 330 and then we had this break over here of 350s. Okay, so Precisely over here So what do you see over here and this I remember one of the first time I spoke with Bruce we were looking over all the That the possible setups that we had and As you know, I trade always, you know the short with the stair step pattern that I like so much Over here. We had the opposite So we had like a stair to the upside We had a buyer over here Buy over here Buy over here buy over here. So we're really uptrending. There's like somebody or you know a group over here. There is guiding That is guiding over here the price all the way up. Okay, so this is a perfect scenario traders off I would say an important buyer a solid buyer or more than one there are like moving the price all the way up and now is Now comes the third and over here is where I shorted. So I need to zoom out To show you the the full picture so remember what we did. Okay, so the first point over here, I Will call it a Is where I shorted and then over here, sorry over here precisely is a Where I shorted Be I stopped it and as I said, I shared executions my charts in in the in the boiler room So I showed over here on the chart a And I stopped exactly over here at B Then once this was grinding I was not shorting from side because look over here if you can see now the trend seeing all this multitude over here of White or gray prints. Okay, so these dots over here in control are great means that these are by this is demand At a certain point Bruce if you're over here, can you help me one second? What we see over here. We see a big stuff a big stuff in this main level So just look over here at the top who comes in at point C We have sellers So push Right away when we have it pushed again to the previous high of 387 390 we have sellers jumping in so this is a supplier Okay, so all this to tell you that I shorted here exactly that point and Now I'm still holding With trailing half over here in case things go against me and target over here My risk was this So now you can calculate the RF return I cover only 25% here So that's what I mean It's important of risk management to cut when something doesn't work because I showed over here and I stopped over here and Then I reshotted over here with that risk Covering 25% so I'm ready like you know probably four times actually not sorry more Maybe like six seven times more what I stopped out. Okay now didn't calculate our yet And I'm waiting for the break of the support for a possible unwind Any question traders about this This trade is chart if you want I will share after in the book map also we'll put in the stocks and Room but for me it was very important to clear this don't short when something is going against you Stop it don't add to a losing position. Don't scale in on something like this. We're talking about to build our company You don't have to do that. Okay. This is to prevent Big risk and my beer is still to agree with me because on a position like this You can really lose a ton of money if you know the stock simply continues to go and grinds against you I saw some big traders blowing up in the past Doing this kind of trades. Okay, it's like shorting from side Tesla and adding and adding and adding and adding Don't do it. Okay. That's the first most important thing Joseph Yeah, I was kind of scrambling here to find something there was an event back in 2011 that kind of defined what spoofing was and I Have a link in here. I'll share it in YouTube and in Hold on again, let me find it here in in YouTube as well as in discord that Exactly what you're showing is your spot on it was you know kind of almost Exactly the same as this spoofing incident To get price to go lower and then cover to get price to go higher And then and they also looks like they spoofed on the other side as well to get price to go back down again And then they're covering down again right where it is now and I don't can't really quite understand what's going on Here at the moment, but there's a lot of liquidity now down at this level It Yeah, let me just share the I'll just leave it at that is too complex to go into it But exactly the way that you covered it I think you also put it please into the advance Book map trading room Yes. Yeah I'm just gonna call it spoofing case Just for simplicity right now. There you guys go Take a look at that in discord and then also in YouTube here You know, you'll have to kind of read through this. It's not so pleasant, but it You know it and you can do more research on it to find out about it But exactly what Joseph is going through there the process pushing pushing price down getting involved Letting price come back up and then look at the underneath there like Manipulating the order book on the bid on the way back up To get price to go back up near that Yeah in there and then to get price to go back up into those orders resting up there beautiful I mean, you know, it's it it worked like a charm here and no no question You know, we're talking about a two billion company the same thing traders will see like on a 30 billion company The same thing. We'll see like on a 15 million market cap company. So That what Bruce is saying is that Even during through the years the same I would say pattern the same scenario worked again And I will say that this works on a daily basis. Okay, so for me is like waiting those levels or to buy Or to short and by saying this is this is a daily level Okay, this red line that you see Daily level alone tells me nothing if I can add that I would say Support that this is with, you know, the other flow of the seller joining in the levels over here of sellers Also on book map and then also I like to see the chart pattern Okay, so like this small distribution pattern over here that we can see and the same thing for the lock This red line that you see over here, even if I didn't take it along this morning The the red line over here that you see it's a daily support daily level at the same time. We have what? Exhaustion to the downside and buyers stepping in so two main point areas opposite areas three and 380 That they find the level where you have to trade. Okay, so of course you take the entry over here could be a starter Then you add to your position. You can add to your position and you can have a massive win But those are the levels to trade Yeah, yeah, and and look how I mean this is where You know look I It's not really I'm not trying to plug a book map here But you can understand what's going on here in some of these moves by understanding the order flow And it's visible is visualized here in book map. That's very helpful. You can go along with it instead of like, you know be against it You know you can use this to your advantage. Obviously they have a lot more power than we do And you can ride along with it So And that's an edge No question So a J trader took advantage of it here and had just a beautiful trade Exactly So as Bruce said is don't try to fight the big orders. Don't try to fire, you know fight The big as an institutionals is that you know take advances of them. Okay, take advance of the situation personally traders I I Like to see these levels working for me Okay, working for me. So if I see one of these levels going against me All right, I'm not gonna trade it And over here, I just want to show you Just in that moment. I explained it Started short positional is And I said over here at eight o'clock this point, you see Two o'clock over here is my time. That's mean eight o'clock Risking 390 as just I said over here and then showing my charts below So that is that is where we shorted That is where we risked That is where I covered 25% and now I said something more So look over here, Bruce this amount of liquidity that we have After the open seems like Everybody wants to trade over here. Remember, we have a merger news And The point for me is I need to lock in profits if this talk Let's say for any kind of reason high volume jump sin starts to curl and you know, could even go back up 380 So in my point thinking about beer In my point over here I'm trailing half of what I have at 345 just above this high liquidity area. So I'm giving it time To the trade to breathe a little bit. Okay, so in case let's say the trade starts going up at 345 Having the average around 380. I'm gonna trail half of my position Do I have to cover over here anything? No, we're just liking again in this trading range Just like we had this morning So there's no point over here covering covering and then, you know We can have a massive sell off till 280 or 290 where I have my orders ready to get covered Okay, so try always to analyze traders this where have the sellers Once you're in a trade where I should trail Because nowadays became very easy to take the trade, but it's not easy instead to Say trail put the correct risk and I would say Improving the our return From your trade. This is really what changes your account and make it's grow. Make it grow. Okay makes it grow. Sorry Now I want to go over here Soon I will go over on Tesla, which was my other play of the day and Yeah, the stock over here IS has a ton of big sellers I need to show you though also over here times in sales, so we're gonna put times in sales because You have to see which print what prints we have on this stock So remember before I started talking like 10 minutes ago. We had 71 million We already printed 13 millions in about what 10 15 minutes of off trading together over here So times in sales on something like this. I Suggest you this is my tip that I gave you for you know looking at the tape and Looking in this case of times and sales try to have two Times and sales one like this default and then one blocks At least you want to see over here something above 15k minimum share size. Okay So you go over here and you're gonna print for example 15,000 and then you can see only the block orders so 50 60 100k orders printing Okay, plus you can have one. We're simply see, you know the default size So you can see over here that for now we have traders buying or probably even covering over here If we have some big seller some big short seller and we're just like against that 333 What I can do right now. Just wait. There's no point for me over here to as I said before to add On this weakness So we just need to hold over here Beautiful tape really beautiful tape if somebody had the recorder today Please if it wants to share the you know, even that the link with me This would be very strong for maybe to do a lesson only look at this tape together So yes, I Want to see if you can break this set 328, right? The point is each time we get to this dip We have buyers stepping in Now let's look over here main seller and 331 Remember we had tons over here of main sellers. Okay, so this is a bigger seller than usual So they stack over here some liquidity And you can see they're refilling. Okay, we are at 90,000 back over here to 115 So let's look the structure over here over here they Clear all the liquidity at 331. Just look over here, right? They're selling selling selling they continue to sell Everybody's absorbing of course. So they're holding this dip at 330 and Now they're starting to you know grind it back up probably we're gonna touch again this 335 Which is the you know the trend line? They want to look this together with you Full of buyers constantly I'm gonna watch this for another few minutes and then we're gonna move their traders to Tesla. Okay just need to see over here because I'm in this trade and You know looking at the stock with this kind of volume doesn't happen really every day So something to learn over here today You can see that And I'm gonna point out with With this Every single dip that we have We have a small washout over here All right, so they're breaking the support and then reclaiming it breaking the support reclaiming it Breaking the support reclaiming it And at the same time we're making lower highs Again holding this 330 329 Sellers over sellers, but at the same time buyers All right, let's look at tesla. We can come back later on that Okay, so at a position overnight on tesla This is an hourly chart that you can see okay, so you can see I also placed my fibs They were updated to yesterday in pre-market This morning We had a push Over here, so it opened it went to 708 During the cpi And then right away they they dumped. Okay, so yes coming all the way down Tesla over here breaking the sub trend line and then main fail over here around 670 This morning had double scenario plan over here for what was uh Tesla My a plus setup was looking for more unwind so looking for a fail below over here This is a 680 670 and I was looking for the sub trend line trend line that we start Back over here on the 16th of june. Okay, so perfect trend line dip another dip over here And I was looking for ideally that target at the open I took uh 6 points On uh on tesla short So I saw this push over here to the 682 I started shorting over here 682 And uh, look what I saw 930 over here. All right Look what I saw traders Over here We went to that 684. I saw some resistance more 685 so decent level for me where to start um a short position I started to see some some sellers over here And I covered partial into the 676 So once we watched over here Over here 676 And the reason why I was covering impartial was this I'm gonna zoom out a little bit Look at that amount of buyers we have now doesn't mean we have A support like this and you can see a main wall of buyers between 668 and 675 that is Not going to drop. Okay, because if we had yes fading and the overall market fading tells me what I failed as well But over here. Yes was starting to bounce a little bit and That is the reason why to trim partial And then when it came up, I took a few scalps over here. I added to my position. So Didn't work over here 935 and And back up. So I trailed in the money And then I took some long over here. I didn't I didn't help hold it 938 took some long on this Wash into this uh 682 Why for a confidence of multiple factors And I will put over here this chart So this is the level that Uh, I longed I was 682 exactly here Because we had basically 90 may j lines b-wap And it was also a main support So once we started uh seen this dip I then looked for okay. Are we going to have no buyers? You can see bars came very strong. I took a few bucks. So I missed, you know, all this big first part of the move Uh, you know 2020 of course, this was a beautiful long, but I didn't hope my idea Was to look for short this morning and only you know looking to scalp the long side Mark is starting said to pick up after this 1020 okay, so just like Before we started to do the the webinar over here Let me see over here Okay, marker start to pick up and now look what a beautiful curl we had This around 1015 and now look the volume That is and as we said before Doesn't mean if we have a wall of sellers that we won't breached through it, okay You can see over here. We broke we consolidated more and this now is continuing to push so After those bonds from the market over here again Once I miss, you know, the The dip too long over here. I'm not really looking to jump in On the uh on the train while it's still running. So I'm simply waiting over here for now still strong high volume what I'm going to do now is Put in again my fibs So we're going to do this together I made a video about how to place fib levels I'm taking over here the relative high the mean relative high over the period and Putting this to the low so tracing the top to the low over here I see right now. We are at the 50% level at 725 Next one is at 6 737 61 percent And the previous one was a 38 percent over here at 712 So you can see that the levels are working pretty good. For example, once we got the 23 percent we bounced perfectly from here And now we are rejecting partial over here at 725 Remove to a lower time frame five minutes You can see this even better so dip into the 23 percent Small rejection 712 for 38 percent stuffed over here to the 725 percent So nice stuff Stuff is this break of resist 50 percent and then unwinding Is this an A plus setup too short? No right now the the market is strong. We are uptrending Yes, it's still holding as well the uptrend So staying over here with tesla looking only for Possible long scenarios. So I did 38 percent bouncing back up again So what I'm looking is My levels, okay, I'm not interested in trading this unless I have my levels over here The level that I'm waiting is again 50 percent consolidation above and then ideally long Or 38 percent we have to wait for that Rejecting over here in the 90 may Again, no big follow through. So simply waiting Put back to is So sideways over here on this support We have more liquidity over here now above so on the ask 334 335 You can see that we had first resistance This is a great approach decent position over here. So in terms of size so good good trade level that I'm what that I'm looking for is this 3 till 315 and then looking for this 290 which this is actually One of my main targets other forming support 331 so really really narrow consolidation Right here. We have that's tell me bruce. No, just to reiterate. I mean I could I just love I love what you do. I love the way you handle things here, uh, joseph. This is trading like, uh, you're Waiting for your setup We have to wait. We have to wait. So it's not, you know to make money We need to trade 12 hours a day You have to stay if you want in front of the screen even 14 hours a day or 16 hours a day But I mean you can make money in the first 30 minutes or mid day for 30 minutes one hour. So And uh, and for me is that Waiting, okay No a plus setup need to be disciplined I've seen so many traders bruce Because I I mentored them that they come to me and they have a habit of over trading Like thinking that the more you trade the more you can grow faster your account and It's a double sword the more you trade you even get, you know more tired to lose focus uh And I see instead who is doing the best work Is actually trading maybe One two three stocks, you know could be an advanced or pro trader. So maybe trades even four stocks or uh Four assets or two assets like your four products But generally One or two trades per day They are more than enough if you really pinpoint the entries if you know how to trade them If you wait for those spots like we did over here on is and again, I I'm gonna Re-explain we're short from uh this here over here Okay, so in live not over here with disclaimer on book map. We're trading over here live From this level over here And uh, we're holding for ideally this 290 trailing 345 half of the position left which right now the position is updated 75 of the initial trade The only regret if I can say that is uh To have missed this a long opportunity Because this morning dip was perfect But I was simply Not on Not uh, I missed the timing over here. That's amazing So right now there seem to be a breaking final 329. Let's look traders. Let's go because this is really Slow, okay. This is really slow. So I want to see what it does. Okay first breakdown Now we have to be careful because when you see a breakdown you will want to trade short Don't do it Okay, don't do it And a stock like this You see the breakdown two seconds later where this kind of volume can go at 334 And then you say oh that was a washout long So careful doing this stuff Joseph, how do you how do you um, how do you recommend? You know we get over That feeling To and that need to constantly trade That's a good question. I would say that results Is what gives you conviction and confidence So results could be uh by journaling by Beck testing what you're doing. So really looking all the setups that you had and then Seeing when you over traded So really keep like a blog like a diary and look at the performance that you had when you're over traded Or simply when you traded your setups your playbook How was the performance of course this always, you know having the The first statement that you are a profitable trader and that you're trading is Uh, you're trading setup is profitable. Okay But analyzing really this journaling and having a diary and I believe it's a very important Passing from being a beginner to a More experience and advanced trader So do it traders. I personally keep uh, it's a it's a template that I have And it's a sheet about my trading under the Point of view of technical and also the emotional point of view, right? So if I had FOMO revenge trading Or let's say oversized or didn't reserve my stops. So a lot of this it Why do you have to track? And now again, we can see over here buyers came back again at this support 3035 So it's Just slowing slowing slowing and one year over here. Remember we have the previous relative low at 324 Joseph we've got a string of questions in here. Sorry guys Like I've been kind of busy typing away for a few different reasons. There's been some data issues today Due to the volatility, but Anyway, let's get to um Ninja for hire Is talking about what you call the stuff? um On some of these wicks. Uh, this was a while back, uh, but um Could have been a small pullback or no so Maybe you want to um Explain a little deeper why it's a stuff I guess uh Maybe the trader was uh referring to this level over here I'm not sure. Um, but I mean, I mean, I guess the short the simple answer is like, you know, it's a stuff when it goes into high liquidity Exactly. Exactly Very quick move into high liquidity Exactly, we can see over here If you just check right now bo xd You'll see what stuff is So we went into that 210. So I'm gonna open up here book map on bo xd So again, when you have uh book map, you can see this even better than normal so you can see that We get into this 210 now First what you have to do, of course, you have to go and check your levels So you'll put over here Prius resistance Another level gap fill main relative high Uh, now we can check because there's so much to do over here before, you know, you start taking a short or start taking a long Of course, we can put this slow And now we are ready to take the fibs So we're gonna go all the way down All right Now we're ready to look at our chart Let's go to a one minute And over here, we see that we have the fib level at around 211 we touch over here the 210 So Try and line break immediately over here dumped Okay, so you have a stuff of the move. So it touch over here the 210 And then over here, they really pulled the base. So it means we had a base over here around Tuesday of seven Tuesday right they pulled it boom dump somebody over here had to Unload it's not the proper stuff stuff is more when you have this kind of scenario So you have a resistance we have a resistance like before we're looking i s and then they do like this So they they take you out And then you have the done why? The same thing wash out long. Okay, so the same exact thing So over here Bo xd is not a stuff It's a stall and a removal of a base. It's very different from than a stuff To be precise. Okay to be precise Okay, and let's see here I think there was some and back to 330 And back to 330 i'd say it's normal traders we held over here the support We're still below this don't try and line. They're just like, you know Now it's now it's in a channel over here just like in a channel. There we are Ninja for hire was also asking about do you draw your levels off low volume days? Yes Yes, yes, yes Yes, because by experience those low volume days if for example, it can be even like you know the The point of intersection of multiple days If you go for example seeing a lot of these stocks right now Especially in the small cap land they will reject even on low volume days so it's Of course The order of flow is the timing But let's say that I have a low volume day at 210 311 We touched maybe the level two or three times in the past Maybe one day was the relative low one day was the close of the daily bar And and so on and then I see in each day Uh a pattern formation plus order of flow confirming a sell-off Or vice versa if you're along so Uh a big purchase. Okay, so big buying pressure Then yes, I'm gonna consider that level as well At least this is what I do And it really works. Okay, it really works and then uh Eden is asking about um Tesla and your position Okay, no, I'm not anymore on tesla. I missed a big move And uh, I took a long as I said this morning Exactly after the swash out over here here That you see the swash out traders break down beautiful Go long. Yeah, the only problem. I sold everything over here Um, I I really held something like you know for a pizza until over here. Don't ask me why I didn't trade all of this Okay, so don't ask me why fib levels work very good bookmap work good set up was there I simply was not there mentally to trade tesla. That's it What I can say in my defense, I took short yesterday from here Down till here stream streamed Shared live in the room in the same thing the day before tesla's my best stock to trade options and stock I have a very high win rate because basically I learned the last four years to trade As big cap. This is one of the my exclusive exclusive setups means that I'm really confident when I trade tesla so I can trade large size position I know exactly when I want to stop when I will need to stop. I know exactly when I will to trade trail And it's basically you get familiar. I was saying to a trader yesterday If you are let's say with uh, let's say you go out with a person Okay, with a partner still not your partner the first day first week. You're still not, you know Familiar to this person you have to know Here is or har habits How reacts laughs smiles when it's joyful sad mad And then after six months one year five years Maybe after the years you have even too much of it But the point is you will get very familiar with it And you will know every aspect the same thing when you trade a stock or an asset or like a future or a crypto The more you do the same process every single day The more you will get familiar to every single thing about that stock or the future right you will know everything And you will learn to you know Sometimes to be even faster And you will know how it reacts or you can even sometimes predict a possible move That's what happens with me with tesla Yeah, that's your you're an expert in it Um, but it's normal bruce. I mean like the more time you stay on something Even if you are beginning even if you never open a chart in your life And I put you right now two years steady on tesla Trust me, of course during this time you have to start okay But of course you will know everything about tesla you only come an expert by tesla. I really doubt If somebody is interested in learning to trade That after so much long time Trading only one product or watching the product every single day studying it That you won't become expert on that And To trade to make a living. I mean I have friends. They're trading only spx or spy Options or yes, that's it one product. They're making their living. Okay Yeah, that's that's really Really pearls of wisdom in here, uh, joseph Every week, um those two glasses of wine at lunch. I was that Probably those two glasses of wine at lunch Uh, I miss the lifestyle so much. Um over there, uh in italy or san marino, but um, you know, um, I'm You know getting back to these kind of uh more of the wisdom again like a You know, I understand you you go to the gym often you work out. It's it's a it's a big part of your life um, what I'm kind of um The question is geared toward That sort of discipline That you have about working out methodically um Or other things that you do in your life Has that helped you here? with your patience, uh in trading and also, um, you know, waiting for something specific or Knowing exactly the process that you're going through Two terms of the multimillionaire in the world served in uh in a military corp Military corps give you a lot of discipline. I never served Of course, I live in samarino and over here The maximum thing you can do is maybe, you know, um run after Some some robber. There's there's really nothing. There's no military. There's no soldiers But the point is I did uh in my youth, uh years of uh taekwondo with um a south korean uh master And and then I dedicate a lot of time in in a sport could be whatever sport But I did like almost professionally or I would say professionally So you have to learn to be disciplined With your meals with your I would say timetable A schedule time for your workout for your day Be keeping a schedule. Okay, so keeping like, you know Your commitment your goals and try to reach them So this kind of I would say mentality that for me becomes like so normal It's something that I didn't find, you know That often in in traders around the world and it's something that I I teach traders so not only, you know, the technique but the part of the The mental the mental aspect discipline that you have to have how to increase this And if you don't have this discipline, I can tell that you will blow up often in your accounts And that just is I would say, um Summary of the process that you have to do So bruce said something good. We're we're showing over here. No this trendline break. I mean, it's so easy to see liquidity came trendline break and this this is easy to understand The hardest thing in your part of trading. Okay talking normal. You want to become a millionaire It's not only looking at the flow over here the trendline break and knowing and setting up a strategy That's 50% the equation. Maybe even less The other part is you That's the reason why I always say you have to work with a mentor I mean if I want to become a good taekwondo martial artist and I trust me, I was never never gifted Okay, I was never gifted but I had such good commitment and passion And such a great master. He's the first one in the world right now. Mr. Chonggwon. So is the first one He's the best of the best And I had the opportunity to study with him six years, but he was tough He was not coming to me and say hey, Joe, let's do this together. He was tough very severe But he gave me so much imprinting and discipline that now I thank him and this is even to my father Because I can see now the the results that I'm having in all life So if you don't have that mental approach Then Trading won't work like and nothing else in your life where it requires discipline All right, there we go. There there we have it so You know, it's funny that that you you You mentioned this and like just a very easy kind of knee-jerk reaction or You know, uh, anecdote here is uh From reading Jesse Livermore's you know reminiscence of a stock operator Uh, and uh, don't don't roll your eyes everybody. I mean, but it's the same stuff over and over again I think he was so Had things down to such a Kind of method or or or Pattern that When he had a he had a car back in the day and that having a motor car was Not a lot of people had and it was an expense But there was there was still traffic and he would there was cops at this You know middle of the intersection. Well, they would see his car coming Uh, and they would actually kind of schedule the the timing of the light around him um But it was always because the timing was precise. It was always always like, you know Within like a five seconds or something his car would be passing through that intersection and they knew it You know, it was like so just every aspect of his life was uh, also as disciplined I believe that is uh I mean, you have, you know, you need also to stress off and chill a little bit You're gonna be only like, you know charts and being super I would say, uh Precise every single time but in work you have to be in trading you have to be it So let's look over here Okay, right now what you can see over here. I will not explain the last thing About bookmark today. I believe this is a good concept that I'm gonna tell you So we are In an uptrending market. Okay, so trend is up over here Uh, we had a distribution pattern. This is a wedge So remember this when I'm looking at a wedge Or a bear flag or anything that involves That I start taking a position on the break of that area It will not really work If you won't have a retest of that level, what do I mean? Now I'm not really looking right now if this is going to be reversed all the way down I'm looking at the setup itself So when we have this breaking over here of this pattern I'm also looking at bookmark what it's doing over here So I started seeing more sellers and you can see this dump over here, right this dump at 720 It is this dump over here that you see this trend line break But at the same time I won't enter over here rather than a feeler Because often these breakouts or breakdowns will be fake outs and how to avoid them So wait for a retest In this case If you see over here, we have some liquidity 723 resistance. Okay over here. So, you know that the worst case scenario, that's your stop Now you see another level jump in over here. So a new seller at 722 this year over here. Okay And now you see that we went to this area over here at 721 And immediately you start to see sellers So Once we crack that level over here. So once we you reject this here, right? It's 720.50. That's my short And now same days I'm looking only at the seller jumping in So setups like this you have maybe 20 30 40 in a day on different products And they work pretty good. Okay We get back to the previous question The previous statement don't over a trade. So select your trace. Let the best environment select the best scenario But this is a set of that for me is pretty easy. I mean Anybody can learn this Okay And that's that's a trade That's a trade. So we just set this And now you simply hold it put a stop loss trail. That's it Okay So pattern over here for ejection of a chart pattern That is Bruce any questions? I'm looking and answering one just at the moment here Let's see. No, I think we're pretty caught up Okay So we'll post this And from up small. Okay. Personally. I didn't take this. I was talking. I'm not in a mood anymore to trade new positions but We explained this right just now And look what it's paying. It's already five bucks plus From the entry point Thank you very much scotty Thank you, but I appreciate Joseph that that kind of brings up another point. I mean like, um, you know talking about discipline and I'm not trying to like Pin pin you down here, but just to hear you say like I don't feel like trading it I mean, you know, I mean I I Some of the best traders I've ever seen like, uh, you know, they they are at the desk no matter what And they are trading no matter what or at least watching watching Maybe I mean you did mention this before that you reach your You know your targets And uh, you know, you don't want to uh, you know, not be sharp So you take a break you stay away from it, but other than that you're there and you take it um Oh, yes, I can tell you last week. I did the 75 hours of work Yeah, I'm yeah, I'm not trying to say that you're not 75 hours of work on the market last week 14 of these were on the weekend. So I had Uh an incredible last week. So this sunday I could have relaxed this Saturday. I could have relaxed. No Uh, you want to get better at your job. You have to evolve So you have to analyze every single thing that not only you trade it because if you simply stock You're we're stuck with something that we traded will never improve We have to analyze every single stock that we intend to trade For example, you trade big caps. Okay. Look all the main 5 10 stocks that for example, we trade And then look all the chart pattern that we add on different time frames And analyze that analyze what the market is doing Because this is the only way that you can improve You have to back test you have to track and then you have to practice So if I do if I did that and a few of the mentor students that I that I mentored that are up like Pretty good for july they did it I mean, I don't see why other traders shouldn't do it if they want to become like millionaires or successful traders or professional traders Okay, so that's my point that if you do things in a way that Uh You are looking to evolve and improve your level of trade Then yes, you will make it. Okay. No matter how many times you will have losses And how many times you will suffer how many times you will blow up eventually you will But if you don't put at work, okay If you stay on the sudden Sunday or your evenings you have to go out with your boyfriend girlfriend or your dog Then you can forget it Trading is hard and I'm not here to give you know the the sweet pill or Or give me like a hug on your shoulder. I'm pretty tough as a mentor, but that's the reason why my members Are doing good numbers because they're learning. That's the main point So bruce, sorry if I have to be like this, but you know in my way of working There's no place for mediocrity Yeah, absolutely. I mean this this is what I'm I'm the point. I'm I'm trying to to drive at uh, and the that uh You know, I you read it in the books and they say like, you know, one of the the main Stumbling blocks for traders is complacency Uh, it's just like, oh, I don't really you know want to trade today or like, you know, it's a nice day I'm gonna go out or you know, whatever. Um, and they have the flexibility maybe monetarily to not trade And they just miss all sorts of things Um, and uh, uh, they're not really a trader. I mean, they're just kind of uh, a hobbyist more I mean, it's fine. That's is somebody's like, you know, personal Goal just to make a few money. If you're on it, that's fine But if you want to become, you know, do this job, leave your job, do this job full-time Then you have to really change mentality Yeah, yeah Exactly All right, so our treat is going down over here So good analysis. I said traders start to look at this pattern So a new pattern introduced to the A4U rejection of tar pattern Bruce 1130, uh Let's wrap it up over here. What do you think? Uh, yeah, yeah, sounds good. There was something I wanted to, um Uh, yeah, let me let me put in here. I'm sorry. I'm just trying to get to it now. Um Let me put into the chat here Your mentorship links, etc If anyone's interested in reaching out to to Joseph, uh, you guys have them Okay, so there we go You've got his email, uh, and his website twitter youtube, etc So, uh, if you're interested in joseph's services, uh, you can see he's an excellent trader We like what he does very much And, um, uh, yeah Reach out All right traders. So thank you very much in the meantime Let's continue to follow. Yes. Ah, yes, because it's finally fading below that main support 325 So ideally we'll see 315 and then 290 If not, personally, I'm gonna trail trail 50% of why uh, what I have left as position at 335 So this here over here, where is the last high volume, uh, level Again, thank you bruce for being over here. Thank you all traders to join us. Uh, also put thumbs up Please in the video. It really helps us support, uh, the youtube channel and the work that the guys of bookmap are doing Uh, thank you guys. Thank you everybody. See you next time if you have questions reach out. Bye. Bye