 Good morning traders and welcome to the book map live trading webinar This is Bruce at book map today. We have J. Traders stocks trader. We have this every Wednesday This is Bruce at book map. He will be going have J traders live trading in his positions in stocks and This is all part of the book map education that you get it's all free first thing that we have is the Educational course that's online and then we go through that course content in the live analysis webinars Monday Tuesday and Friday at 10 a.m So you can apply directly what you've learned From the course right in the live market and put the put it to the test Then we have the live trading With J. Trader stocks trader and on Thursday futures trader live trading with Scott Pulsini So pretty in-depth Educational offerings here that we think you can benefit from quite a bit All right So let's go through the disclosures and then we'll jump in J. Trader will be in in a few minutes here So we'll go through maybe the S&P for a little bit Before getting to J. Trader so general disclosure all book map limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor Recommendations risk disclosure trading futures equities and digital currencies involved central risk of loss and it's not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's jump over here and Take a look at this S&P. This is typically what we do Most traders want to look at the S&P. So That's what we do However, it's up to you guys Every every time it's up to you guys. What do you want to look at? If you want to look at stocks, if you want to look at cryptocurrencies, we can do that It's based on the majority here what people want to look at Alright, so what do we see here in the? ES well we can see some volatility in here And market structure in here. Well, let's cover the market structure We've been covering market structure, and I want to focus more on market structure I got some feedback from you guys yesterday about the market structure half of you More or less half a little bit more than half Need a better understanding of what it is and how to use it. It is a key element here To understanding price price action price movement So market structure it just means areas of consolidation Breakouts breakdowns trends whatever it is, but price structured in specific areas So we understand the price structure So for example right now, we can see that we're starting to break down a bit. Alright, where are we going to go? How about high liquidity here at 90 and this is where these guys in the structure over here broke out from All right, so Let's see if we can get more sellers in here Right now to reach what well see it CSI zoom in I get much more information here Well, we already traded in the high liquidity here at 94 And they got filled and they're still here right here. So they want to be buyers They're bidding up in front of 90 here. See I'm bidding up again in here All right, this is where we look at structure Okay, this area in here is what we're looking at. It's a trending area also But it's been going kind of sideways in here for a little bit since 10 And then we're looking at the order flow within the structure We just got a lot more insight by zooming in and seeing that 94. Wow, they transacted it went a little bit lower They're still transacting in these areas now. They're bidding up. So this area at 90 Yeah, it may still trade here But we've got to find a lot of sellers in here first tackle and take on 93 and 94 in here Okay, and you can see the reaction already. They're bidding up and we're finding buyers All right, so All right, well, where are the buyers going to take it? Well, there's liquidity here and it was already in the book at 98 Okay, we also have four thousand the figure and 403 a lot of liquidity up there All right, so when we start to understand the dynamic here of the order flow within that structure This is where we start to Understand where price might go next and that's where you can start to develop strategies around Understanding order flow and that is an edge. All right. So yeah, they're still bidding up here We're still finding some buyers here. So let's see them trade up into 98. We already gotten to 98 a bit And we're still making higher even in this little move here Higher highs and higher lows Okay, so now we're breaking it now. We're breaking it. Okay down to 93. All right, let's see if we now I'm looking for see the sellers come in Okay, they trade it into and through this area here If we can come back down here to 93 one more time here I'm looking for them to break it and trade down at 91 and 90 All right instead Did we make a lower low? Yeah, actually slightly slightly So what this is becoming more complex Structure here at the moment Okay, so it's right in this area here. Okay, right when we saw this move into 94. Actually, okay This is the structure. We're currently watching the order flow Hey buyers back up above it back to 98 Yeah, you know looking at the structure in here. There's both buyers and sellers in here So this is what do we what are we gleaning from here? Well to do nothing basically Okay, we're not seeing an edge right now Okay, we're looking for some sort of edge in here like like these sellers here If we got the retest back down here and saw sellers again, then we're looking for the break now here They go again. Let's see if they can We'll see the battle here at 93. This is going to be the key element right right in here Key area Good morning, everybody pro K a JC. Thank you. Good morning and over in What do I think about coin and Nvidia Well, hold on just a minute here see our sellers that looking for them to break it now into 90. All right. This is easier It would love to see the bid or the offer. I'm sorry the offer show more action here And then looking for the break Yeah, there's some details in here. I should cover as well, but Yeah, that would be the primary scenario is looking for the break here Okay into 90 and then let's see now. It's been going back and forth in here for a while Okay, so what if it breaks 90? What we're next well lower the day here 87 And then what about other areas here? Well, let's take a look 75 60 these lower areas here Okay, so here they come now. Let's see the follow-through on the sell side into 90 Can't do it can't do it buyers coming in just below Into 91 here. Okay, so what? Still looking for it unless we break above here at 95 on some pretty strong buying This is this is more complex structure guys I just want to I don't want to mention that and and it looked easier right in here Okay, it did move we did get the move down lower here Now it's starting to break some of these other little swings in here and we're doing it on some buying pressure Okay, so now we're now we're coming back up here and looking for into 4,000 and We'll see what happens then but we're looking for a stop run to okay because all of these guys in here selling We've we talked about this in detail in length yesterday and Looking for now above the swing here and then back up into yeah, just above 4,000 here 401 All right, this is a good example before Jay trader jumps in. I just want to to mention then what So there's there's the move. Okay, so This is the opposite scenario now look at the flip of the order book and everything in here And there's our stop run to Okay, I want to mention why Well, we know that why this one was a little bit easier in here because of the selling and they're breaking it The low here and we can see the structure in here lower high lower high Looking for the move lower into 90 and then and then even lower Well, what happened, you know the buyers came in back up above I mean you can see them in a microstructural area here above this selling here on buying pressure Okay, so we covered this in detail yesterday. This is the trap This is the the next move into this swing here, and then there's even buying pressure above that Okay, so then we're looking for the 4,004 one All right now. That's the opposite scenario But let's go through why we're kind of sitting on our hands in here We're looking for something that has higher probability Once we see the move into this kind of 94 and 93 area in here And we know that there's buyers in here as well, and they break this here You know it's starting to make this structure a lot harder to read When it's harder to read And we don't know who's in control taking control in these in these areas in here That's when we just don't do anything Okay, we're looking for something that gives us more insight And that again, these are not trade recommendations. It's just looking for insight for the probability of the move That's it. We're reading the order flow within the structure here Okay, even this structure up here. They slightly broke it but it did not accept whatsoever, okay, so We could see now. This is the important pivot watch to see if the sellers come in right here at 94 95 and hit it hard Okay, looking for them looking for that scenario and then looking for 90 and below All right, so Are they gonna do it now again? Is this high really high probability? Well, we just know there's both buyers and sellers in here and it makes the Reading of the order flow a lot more murky Okay, we're looking for clarity And if we don't know well, then why would we you know look for it to go a certain way? We will go through the scenarios but overall here if we can break this on on big volume here to the sell side then then we're looking for it to go lower but It could also break into here be a false breakdown and come right back up in auction at these areas up in here again It you know the scenarios here Going through the different scenarios going through and getting trying to gain some sort of clarity from the structure here okay, so in fact We made a Lower high in here And we made a higher high here. All right Okay, so look at let's look at our trap right in here. Let's go through the scenario What if right? What if they get buyers can get back up above here 94? All right, so here's a here's the move into 90 Okay, and sellers coming in pretty hard here a lot of liquidity down here between 87 and 85 Okay sellers got it here. I mean strong selling pull back strong selling And looking for high liquidity to fill It is Okay, lower high here Again looking for sellers right around here 87 87 and a half sellers right there and let's see that pushed into 85 and below Now we're getting buyers getting buyers. Okay. Let's see the sellers right here Nope Okay, that would be scenario number one sellers here. All right. Let's see if we get another scenario here We can go through and in trade setup here is look for now sellers over here to trade it back down to retest down here Okay, down to 80 88 basically call it 88. Yeah All right now can sellers get below that though and continue Anyway guys as you can see like a this is this is just more complex understanding and we're Looking for Hello, hello J trader. Okay. He's in get he needs a couple minutes here. Oh There you are Morning Bruce morning traders. Good morning, Joseph. So what? Let's guys will anyway just a complex structures in here Highs higher highs lower high lower lows. I mean and it's just kind of all over the place We'll continue on with our structure Discussion on Friday, let's turn it over to Joseph and get going with some of the stocks in here Alright, so Bruce. How was the morning? We're just going through it and Looking for some clarity in here and it's just kind of all over in terms of some of these moves in here so Yeah, I'm trying to try to gain some clarity in here and not really getting much at the moment So let's start looking today traders what we had First of all Small caps make caps and big caps. All right a really big difference even in how we trade them I'm gonna share a few of the Stocks we're following and we're actually still falling and I will start from the Toughest one of the day So the point that we have rules is For when we have these kind of stocks, so newer and new w e Is the biggest gap of the day round 150 percent gap today We have a stock over here with 10 million float, right 10 million float and A low institutional ownership around 7% so this already tells us something about the company that Institutional not really interested in holding this long term Over here we see the news Announces new clinical data Demonstrating 100% survival la la in an artery bypass Patients, okay, so are there bypass I'm gonna check also be here the burn per month. So they have basically a Cache 15 million right so this quarter they they arrive with 15 million cash But they're burning almost 1.5 million per month. So we're talking about Almost around 10 months more or less of cash So I start with 10 months of cash is very small cash has very small cash If you do this for example on Google on Amazon, you will see different parameters We don't have over here A history of previous gaps You can see over here is basically flat Now I want to check before digging into the The one-minute chart. Okay. I want to check over here our daily and this is our daily. So we have a recent IPO We have a stock that start over here with a peak of 670 Yes, they had a low at 230 this morning is getting up and is pushing Sorry, this is mob new over here. Pardon. We have a stock over here that last year was around four dollars Faded until over here at 040 This morning over here had a dip 120 and Extended over here till 190. So David's art. I put over here some levels of resistance 250 this consolidation over here around 225 This low over here 185 and Then over here we have any today resistance 160 more over here 145 more over here 125 and another intraday 133 so you can see through that we have a ton of Levels on our chart. Okay. These are all the levels and basically all these levels were breeze really with a ton of volume this morning and This is what happened. So I'm gonna put over here a Little bit of zoom my chart at the open. We had a short pattern at this 133 So push into this pre-market high Over here we have at this point 133 the pre-market high a little bit of sellers above not to use amount of sellers Start to come down and this is a usual pop-in field So basically you wait the moment that you don't see any more buyers You see sellers over here jumping in no more buyers and you have your 10 15 cents failed But we are holding the support 115. Also, this is a jail in one minute. You can see over here the the Entry long coming But the Lord that I call was over here this morning on a push that I will show So we halted over here one 40s. Sorry actually we altered over here 139 We open we dip into the 90 may at 134 We're gonna look at that 134 We see over here we have open at the halt we dip the 134 and then we start seeing buyers back in Okay, look at those buyers over here jumping in. This is really our fast 137 to 147 instantly And then we altered a second time we altered over here 154 so a lot of liquidity look those orders over here This is the hal time Five minutes if I can recon Yes, five minutes over here, we had another small wash and We were 946 this barber here. You see the fast wash the 90 may so every single time what does it opens? It dips where? 90 may 90 may over here So loves to dip into the 90 may and then start bounce you can see again volume coming in Every single time that push that push that push We had a wash out over here again at 155. This is the level that we called the long 161 and over here it came to the 175 actually with a peak over here into the 178 this level over here halted again So this level that you can see it have it halted another time So we were about over here traders at three halts day Okay, so this is a stock that it will continue to haul trap traders probably all day Okay And we're here I post it Long was if anyone sell partial 170 blah blah blah and X era so Looking for that alert over there. Why this alert now 953 They saw another dip into that 90 may and I was looking the support you can see the support was breached right so big sort of join me in and You would expect that once we break the 90 may The price finally fails What do we have below have the number 150 starts over here to push with volume again the same volume that we saw before right So those huge over here dots right over here huge blue dots Joining so we got long into 161 main pushing over here 170 again halt Five minutes halt again So what happened popped you can see over here the popped right away fail and That half of the downside didn't finish Look what it's doing right now This is still holding It's still holding having a main fake clear out over here So Basically, you can recognize two main actions one fake breakdowns to fake breakouts Now target women in Jalen's so I'm not shorting this I'm not long in this right now I want to look what happens over here at this 145 So these stocks that tend to Hold the pre-market high and again remember pre-market eyes this level over here. I wrote holding pre-market eyes After 10 o'clock even worse 1030, they're not gonna be easy faders by stats 65% of stocks holding after 1030 the pre-market high so write it down and this for June July August 65% 10 in the next two hours to have higher highs Okay, so when we say about tracking stats, this is an as that I tell you That's 65% if they hold the pre-market high And also they have volume like this talk all right and it's a gap In that case it will in the next two hours have higher highs Or create higher highs So now we're gonna look today traders or basically the stock which is a Pretty difficult stock to trade it's very manipulated Both sides, but I think will be very interesting to read order of flow with this Again for who asked me when you have halts over here recenter to the last price, okay? So look what very good use over here for book map 150 Dip liquidity that's already, you know, you're long why I didn't trade this over here is Because I'm looking for my jail is over here and this one 45 But these are all possible scouts why mean support How low level of before you can see over here this line that I traced Dip over here and you look for a long But now what I'm looking is more this 145 if we have the same pattern configuration That will be a long pattern today. We traded Tesla this morning. We're gonna go on Tesla was a nice juicy win Nice volume 150 to 165 So it's moving like around 10% And all these bounces It's a pretty good volatile stock and checking over here and during the morning extensions So I use my intraday scanner over here And we have right now ALLK So in an apartment bully almost parabolic action this morning So that would be pretty interesting to watch, but we're gonna look over here traders today the price section and Really how to use levels of supply and demand on On stock trading using book map, right? So for now follow We're gonna follow Tesla ALLK NUWE MOB our You don't want to trade over here mid-range NUWE so we're gonna wait In the meantime, we're gonna share one second MOB. So MOB we have traders are Small float the float on the MOB is around three million We have a stock that as SSR on trade a ton of volume It's an FDA approval Sorry, my bad. That's another stock It might be I Israeli drone tech provider mobility come stock jumps 31% in early pre-market The company held a 12 million US initial public offering La-la and what we are seeing before is Basically the close of this public offering Initial public offering You can see the price over here went from 660 Down to 230 this morning bounce over here, right? So not really a bullish news I mean what news is that? Okay But market reacts like this So what I like this morning was a level of pre-market highs MOB with book map was I would say spot on First in pre-market because essentially We had a massive Push over here. You can see from this $3 dip. We can put our support And I always put supports or resistances at whole dollar numbers So $3 over here so breaking out you can see the ton of volume over here jumping in on book map and Once we got this first level of resistance over here at 830 350 you can see over here the main massive resistance over here Then we start to form lower high. So this is 350 Lower highs and then started to unwind at the open. This is really when it became interesting We had a main fake clear out With also a nice sweep So you can see the first push this point just above that pre-market high Dip into the 90 may again Second push right away fake clear out. This is a fake breakout, right of the 355 355 area So Volume exhaustion over here. So buyers were trapped At this point we have no more buying pushing and every single seller Jumping in sellers or short sellers. You can see over here the sweep Another sweep over here. It's on about 10 minutes With this big wash so lost like 50 cents in 10 minutes now I sigh was action What I'm looking is for an unwind We'll be looking for a possible 330 again Reclaim fake out in the same way. We had this to recycle But we're looking for lower targets like 260 270 area. Okay So we're looking for this 260 270 down here. Let's go back in your and then we'll check Tesla later Because I want to check newer over here because the biggest gapper of today We're talking about 160 percent over here 160 percent gapper 91 million float so a nine-time flow rotation on this one Joseph. How is that possible? the point Bruce is that is Not that best news in the world so We're talking Look, look at this day at this We can put a four-hour chart here. Look at this four-hour chart. I mean, this is a beaten-down stock In one day is getting back to levels of one year ago The point is a good manipulation multiple hulls A great work by the market makers over here because this morning They were very smartly holding dips especially this main dip that we saw over here at The gate. I mean look this How they're rising over here the bid they start over here this dip Rising the bid rising the bid out of it here and then again holding this level You can see buyers again rising the bid and then again small wash Holding the bid holding the bid Holding a bid again. So even if it washes like over here. There's some sweep. I believe boom We still have buyers so they have like fake breakdowns and then they push it back up. I believe that There's still like more potential over here to push to two dollars today So we'll be seeing that probably and and that's just because of them supporting on the bid Yeah, I mean buyers of there's an agenda over here buyers are coming steady every single dip every single washout Every single time over here. We start making higher lows when we have a breakdown boom. They bought it back up so very interesting stock and I think that by By having rules right now. So for me after 10 Then 30 but then above the pre-market eye unless the main clear alpha Parabolic, I'm not shorting these things. I'm just looking more to join for a long So Okay, I have actually a lot of questions on that My first question though was like, how is it possible for it trading nine times its float? Okay, many. Okay. Everything first of all is given from the The agenda the the stock has so the market makers the company The big hands that are moving this could be only one or even more than one The second thing is We have a stock that basically is Is finding a very good support already in pre-market It doesn't have over here if you look We can put This doesn't have over here immediate dilution Because we have a 13.50 the warrants We have a 2.50, but what 130 K is nothing and then over here we have Expired I believe it was expired June no cab I built shelf. So they cannot really raise over here anything more on a shelf So there's no actually in this moment capacity of dilution If you look this in the past this loves dilute and We also know that the company has very small amount of cash But volume manipulation big hands over here. They've done this This marketing small caps Especially for the month of August was full of runners at least day one Just look at yesterday M. Gam Or eNab I NAB a lot of lot of these fail on a day two or maximum a day three So that's the reason why a lot of small cap traders who are only short They're having bedtime because they're just focusing on shorting day one If you are above the pre-market high after 1030 or even 10 try really to embrace these for a long time So in this case, it's I mean From what we've seen in the past when you look at this in the scanner and you look at the ticker The news and also the cash flow and institutional holdings Usually you're looking to short Here it's due to market Timing and also the bid and book map there that they continue to buy there that you're you're not gonna mess with it You're gonna be looking for longs exactly The main clue of it here is having stats by your side. So Analyzing what the market gave us and this is 60% 65% of these When they hold a pre-market highs after a certain hour they tend to extend to new high 65% of these All right, now this is becoming interesting. So we had a first wash over here in halt at 140 So you can see a middle dump On these one two three four five main dots So they pass from 160 down to the 146 and we're just at that previous level of support this 145 so now we're gonna look if This is gonna open pop And if it does this and rejects that 145 this is Sculpt short with target 133, which is the pre-market high or Plan B if we dip and right away reclaim over here the 145 and consolidate Possible push again to the upside My point is never try to short over here the breakdown Like never try to buy the breakouts Because if you do this you won't have an edge And you're basically gonna be I would say faked out the majority of the time so this is Really interesting to watch your kind of evolution Joseph over the years here I know that you had mentioned that now that you have some some coders working with you That are looking for Statistical edges and you are now integrating that within many of your strategies Yeah, the point is Try to put less work on the emotional part of the trader And instead try to put more emphasis on the technical part in systematic part of trading and That I would believe with a correct plan of risk management is the key of you know trading in In I would say in the future That's my way that the team is amazing the team what is doing so really props to them I'm only helping them. They're doing the main job. So prop to them really beautiful beautiful team You know it just if those are like quotes sound bites there that we may have to like dig that up and and quote you on that because You know, it's just so important You know, you're talking about building confidence and an edge as a trader and less emotional by knowing Exactly what's going on with with the market in the statistics. What are what is most likely to unfold? Exactly because we have book map. We have the chart We can read the order flow. So we have already the technique but then you have to know when the technique works and this means like Different differentiating if it's a long where it's a short and when to apply these setups is not that you can simply for example short Every single breakdown or by every single break out You have to really have an edge and if you don't have like statistic by your side If you didn't track and journal the market to see what's working. What's not or Even what's working not in different cycles Like if spy isn't a bullish barriers of sideways action, it still will influence over here the stocks Even if it there are small caps, right? So by doing this You have parameters that help you Having an edge of course Stats alone means nothing because I can tell you by stats stocks like new where it will dump on day two or day three Day two or day three. You can even blow up if you don't show it at the correct time So that's why I interrogate those things Having for example book map. I mean I remember two days ago in oil be The all room shorted with one cent risk for about 45 cents average profit So that was a 45 our return trade was simply sick Because we were shorting exactly into a resistant with one cent risk Then of course, there's who short one cent who short maybe two three cents away. Okay open over here and you let's let's look over here, buddy So it's opening and rejecting. So I see sellers over here. I wouldn't long at this point not yet Remember, this is an important level 145 if you break this we're gonna go down to the 133 I See over here for now more sellers The resistant is 150 So it's a 50 50 move right now. There's no edge in shorting. There's no edge still in longing Watching this level of resistance 150 Little bit more buyers over here Rejected at those buyers 150. They're trying to all this 150. They're trying to all over here the J lines For me, there's no Easy long at this point waiting If somebody short, I would simply hold short at this point. This is a good way from from carpet shorting that stuff and Recycling over here and holding short. This is more like, you know, advanced trading This this is now meeting your also your it's hitting your moving averages Exactly and we're rejecting if we can say like this for now the moving averages Because we're hoping below and we're Having this so let's see Bruce if we can have this pattern over here above one 15th that So if we close over here above this level And we start consolidate as we said before then we can push again to the 180 and that would be really a Squeeze a second time squeeze for everybody Here yeah, which one? a this One fifty two So they reclaim in this case that one fifty support So now let's see if we can consolidate above one fifty This will probably go back to 170 175 So again above 150 over here EP 175 Not for a trade Okay, so I'm not longing. I'm not shorting over here, but if we have a consolidation over here 150 There's a very important previous support. We can go back over here to the 175 Which is this level over here? There's not a lot of volume right now And there's a small slowly grinding it we have a support 140 145 and 146 153 No point over here to short. Absolutely. I've short thrilling the money But out here we have a possibility to get to the 175 at this consolidate and holds this 150 They sold in the support 153 Around 75 77,000 Dipping again to the 150 now we have more resistant 160 you can see the seller stepped in and now this is the Key moment if we consolidate over 50 Then we're gonna have that 175 right? So we need to see if we're gonna consolidate this level over here. You want to see something like this, okay, basically a lot of absorption At this point the point is for now. We don't have a huge heat map over here. So we don't have I mean, okay The buyer just came right now. Look This is the buyer was talking about So 150 over here, right? So now we have a 151 long With the risk at 150 TP first is 160 Then 175 The reason why we have this long is this consolidation at a health level with a very big Support over here. Now if this support goes away Our trade also needs to you know cut right away Yeah, the large lot tracker that little white line on the at 150 you see it on the in the COB column means that one Individual actor is holding likely a hundred thousand shares there Could be Bruce maybe somebody that's poofing. We don't know could be for now. He's putting over there some very good liquidity So if we got in 151 152 my beer got 152 She already are is 3 are in because she's risking to sense the price is 158 160 she has a first half of the selling and then we're looking for 175 So 160 so sell over here half at 162. So it's already five far 162 Sell half of the profit And now we're looking for what we're looking for this 175 so very very easy stuff, right? We have a first resist over here at 165. So what I do I start looking on Bookman what we had before I Start looking at these levels over here for resistance and this level of here resistance Okay, so we have some at 165 some at 175 one and then you see the main wall of sellers up here Right now you long at 152 you are 163 164 you are 6 are in for two cents risk See over here Some resistance 165 with a heat map, but still solid buyers coming in you can see We should have a push above 165 Book map over here was simply absurd Just careful right now that we don't have any more the big buyer So or the buyer was really having intention to buy 150 Or he simply was spoofing because maybe He wanted like, you know buy this bounce or maybe He was just looking for an opportunity to sell higher. So I invited traders to bounce and jump on the tape Make the price rise and it's maybe selling over here. We have two possible scenarios. We don't know this Okay, makes sense guys Also, if you have questions you can write over here on the comments on youtube. So the here was always about this is not a Joseph this is just it's brilliant. I mean like you've got here everything Aligned that you've been talking about and you're putting it to the test so what you have is looking at your statistics looking at your pullback strategy looking at the Halt and then the reopen and now you're looking at the details in the order flow Exactly, exactly. It's like a puzzle, you know Bruce. It's like a puzzle so stuff of this move now update This stock will stuff And wash out multiple times until it's done So don't really be I would say anxious to get out and target your position because you see a stuff Because we saw so many stuff over here and it's still held Still held over here. So This is the target and then we're looking for this 175 Now you're 162. We can trail the entire position 158 seems like curling Bruce over here so I think we can push over here if we hold okay 160 we can push over here to the 170 So I'm looking at this micro support Micro support over here Then we're going to check again MOB 160 over here test 159 boom That's already your trailing over here So the point over here is entering with one sense risk Taking your profit so an average of around five far not a bad return There's a possibility over here of a fake wash out. So we'll see For now, we have a selling order at 160. I also need to check to second nerve Okay, going parabolic There's a lot of opportunities in the market right now You just need to have the precise strategy So nerve was one of the main Gainers these months this month. Sorry. Yeah, Joseph. These are not for the faint of heart So nerve Bruce Uh, it's a stock. It's a multi-day runner We can take a look at this Every single day is moving high liquidity Uh, me Nerva Nerva sciences Uh 70 million market cap We have SSR on The stock started the move a couple of weeks ago around $2. Now is it $15? And we're talking about the five million float within institutional ownership of 51 ssr today up No major news. This is just an over extended play Okay, we can look over here at the price section right now And we can take a look also at the daily chart I like this fake out of here the 15 fold on a number For a small scalp, but we'll be waiting for more opportunities. So let's zoom out And let's put two years over here So I'm looking right now at the most important levels that I see on the chart Then I also can use volume profile. I can use the actual volume of bars That 17 is a pretty good level of resistance I'm going to check also the four hour chart This is a good level of resistance over here 14 15 30. Pardon. Uh, we have another support over here 13 94 Another support over here 13 30 So I'm trying to get those main levels of support resistance that we had along the way Okay, this is ready the nice extension of this bar So we have resist 15 30 and the most important resist 17 over extended play. This means that we are not on the back side We are just looking for or a potential long this morning And we're going to long gone A plus setup patterns like this is a setup from my playbook Or we're going to look for a parabolic move extension short The level that we will be looking for attacking is 15 or 15 30 on a main fake break out Look over here bruce. This the stock if you look at Book map We had a grinding stock all morning from SSR where it loves to squeeze This level over here of main supply you can see that Was the first moment that the stock really stalled Okay, and we started to make a first rejection second rejection a third rejection over here And then they simply start, you know, big bars over here coming in and then over here this small exhaustion move Now if I look at this stock over here, I would say, okay, I'm shorting at this point why big resistance Okay, also in a daily I can tell there's a resistance The price goes simply into this leveling boom Stuffs right so rejects breakdown Level to short basically like Every single short setup that we have right now put a stop and then you hold your position over here Once we have that try to risk break even And then over here, there's really a ton of volume it simply it simply Remove all the shorts And they're start like pushing over here to this vertical move over here That's the the parabolic push So now there's still no setup for short unless you took this Pushed exhaustion until 1530 My beer started a position, but it's not an a plus a position at 1514 70. Sorry See if we can reject to be here the 90 may Not a ton of sellers stacked. I would like to see over here a little bit more sellers Tesla new lows over here Let's go back over here to nerve Joseph, I'm just kind of curious and some of your filtering Do you also you filter for SSRs? Uh, you mean with book map Uh, well for your when you start your your morning and you're you're doing your your stock filtering Uh, no and unnecessarily I just need to know if the stock is uh with SSR or without SSR And I know that with SSR in high volume A lot of shorts will be trapped So short trap means better opportunity to long And more patient more patient. Sorry For the moment too short And uh, no for me as a star a really great opportunity. So I I just want to know when it's a star. Yeah that of course Okay Yeah, just just kind of wondering if uh, uh, like the one that you showed there that went up to 15 bucks from two You know if the if you look at it The news is good institutional ownership is good. It's SSR Um, do you hold that for multiple days? No No, I don't hold this multiple days. I tell you what bruce a lot of these have a lot ton of dilution I don't want to wake up with you know, a bad headache. Um What I like to do is sell A good partial So cash in And then I can set, you know, my trillion the money if I really have a very good average um This was a beautiful stock for SSR Small float Have the flow rotation High volume when I have those three parameters. I mean, that's a perfect storm for longing You know squeezing the shorts. Excellent. Thank you You're welcome So over here traders no trade for now short no trade long So we're gonna wait And that's the opportunity but we missed it. It came late Let's go back on newer So this is a stock we are watching before so if who just came It's a small cap We're looking over here at a stock with around 10 million float We have news this morning Stock Trapped a lot of short sellers, especially the 130 140 Halted multiple times holding the 150 level Resistant right now is at 190 and $2 looking at the daily This is the news of the morning And on book map we have the majority of sellers stacked at 190 sorry 175 180 and 190 So here seller are just like Jumping in jumping in Support before was 145 So no trade for now We are here at the j-lines 156 153 If we're gonna find Another level of support So another heat map like we are over here at 150 We see the testing of this and starting to bounce We go along this again This over here You can really understand what is this is a fake breakdown. This is a beautiful bull trap Say it better This is a bear trapping a sense that short seller jumping over here And then they're getting squeezed But also a level where longs get stopped out because they trigger here their stop losses. So, you know like some over here some Dump reaction bounce and push it upside So over here we have what we call the sweep And then reclaim of that 150 and push to this upside So, let's see if we can have or the same pattern or 150 test bounce and then longer here Yeah, moreover. That's where you also had a a halt Exactly exactly exactly so We had this This here This here We had also the halt over here to 178 this one here a multiple house this morning on this one And uh And it's still above the premarket high, you know, we're not on the backside of the move This could easily still trap and then pushed upside So let's see 152 Watching over here for a possible Dip by let's see if we're going to have that 150 if we're going to dip 150 start bouncing we're going to buy Dip at 152 didn't come to the 150 waiting Tesla short bias for today We took a short at the open Now waiting on that MOB fake out. We analyze now it's unwinding Nerve over here showing some liquidity But not any more day plus setup So we have to wait for for 15 15 30 15 or we're simply going to avoid this The good part of nerve is that If you're looking at the setups And the levels that we traced This is the level that we put before you can see how it's working, right? It shows this before So it's on dip buyers to the 14 13 90 Pushing this 14 26 some liquidity over there stacked But for now no setup 150 still not there so patience traders I don't see also any kind of big buyers Nerve is going to the 13 80 so fading over here New word very very tight I have some questions For you when wouldn't you have a moment? Joseph sure Bruce tell me um, so uh prok has been asking about What is the baseline for stocks and he means like in futures like the context of structure And how do you do it in stocks? Well, no, I'm sorry. I'm just getting caught up here. Uh, it looks like you answered it. Um And uh, yeah and prok he he has you know, you know, I mean very specific setups that he's looking for And then he's asking why are you watching capital? Why are you watching story capital? I I don't know exactly what Is meant by that I I don't get okay. I'll wait for The market capital I'm stuck But market capital for what I mean, we're trading mid caps small caps and big caps in stocks So, uh, the patterns are different because the setups are different For example, something like tesla apple google is not really the same as trading today uh, new wear or allk Or these uh mo b small caps setups are very really different If this is what we was asking I think so, uh gene over in, uh, youtube is asking, um Do you trail your stop loss on the nine ema? It really depends by the setup. We're talking But let's say we're uh, we were discussing over here the longer newer that we took So we got in at this, uh, 152 And over here is one looking at the price section. So with book map order flow The second thing is that for these small moves using the nine ema. It's it's fine So yes But for a bigger move than i may won't be enough So there are so many other tools also according to the different setups For example, I trade something like a to 10 setups And i'm talking for small caps And uh, I have pre set targets based on my strategy So it's very like systematic. I short here and I have to know that this is my target. This is my target This is my target. Okay. So 90 may is a guide I like the 90 may because I always use that On the one in the five minute chart But other traders will use the 13 or the 20 Or the 20 sma. So everybody's is basically different. It really works for me and the traders that I'm, uh, mentoring So it's a good, uh, we say average. This shows you the Uh, we say that that the trend and often you can spot the dips Of course, but also the uh, the tops what I like over here traders and when we call about when we say about the shift in momentum It's really this That over here. We don't see any more any kind of buyers But we start seeing sellers sellers sellers sellers. So somebody's really pushing down over here the demand Uh, they're just like, uh You know dumping dumping dumping into that demand We're now we're in that support 150 145 remember before we had a fake washdown and then reclaim So this is a very important level for our, uh stock We're hitting the support of below 143 This is our previous support 143 See now that we have sellers 147 Joseph, uh, I I know you're um kind of in the midst of looking for a new setup on this It would be good. Also, maybe if you go through, uh, you're peeling out in trade management of the previous, uh, previous trade Yes, of course so We can do this using bookmark today So when we are looking for the long position Uh before Anthony and trade you have to have your targets You have to know your stop loss and the size you'll be using This has to be done Before the trade and of course for the size you have to Reset the dollar risk per stock per trade and per the day Uh for your plan before you you start the day So This is the level that we want to enter 151 to 154 Why because we have our setups, which is a pullback in an uptrend High-volitize stock The setup is this because it's track and it works We have the buyer stepping in giving us a very low risk between one and two cents And then we're looking for this previous resistance of book map And then we're looking for that 170 175 because what they are they were other Um support or resistance on book map Once we get this level we reject over here We have the break of the 90 may so we can trail a first main partial And then once we see that we start having over here a second breakdown And more sellers We can start lowering over here Are we say expectations that this will go to the 175? But we have to continue being systematic So when we said 158 we're gonna trail is because we lost the main support 158 we can trail or this level and then you have a little bit more Why the risk for trailing or this level over here and over here dumping Both are good depending if you are a little bit more aggressive Or if you are a little bit more conservative and you're gonna give a little bit more room to your trades But of course When we see once we see the seller joining in This is the main point of this chart There's no main reason over here to hold the trade we can always re-enter Fantastic. Thank you another beautiful long over here coming up again bros This is not a beautiful long coming up again So we can see really another fake washout two times at that 145 This is another short trap Why short sellers jumping in into the breakdown Longs stepping out over here because you see the breakdown reclaiming of here j-lines Let's see if we now Consolidate and then we have a long for a first target 160 165 So these levels over here right that will be the main target But we need to see a little bit of consolidation then we can trigger the long That is why I said manipulation Is not done. This is all has an agenda beautiful Yeah, agreed. I mean It's just so nice to see the You know that how the the reaction to that liquidity in there Yeah, what I want to point out bruce is this liquidity, right? Yeah Where did they go? You see there's nothing anymore. So they remove that offer And then they can shoot it back up. Yeah So beautiful really so beautiful and it traded 146 liquidity as well Yeah, I will try to zoom in over here if I can You see over here this level And the 146 147 They traded So we hear a 64 000 where I traded over here A 76 000, pardon And then boom we're starting right now to Bounce on that previous resistance and now support And that's the level where we long before Was actually here So let's see if we can consolidate and then Long into the server here between 153 and 154 And then go if you could go just to the left a little bit below at 146 they like It's it's kind of I mean they did trade there at that 146. I believe Zoom in a previous just just before the that Yeah No, no Go go forward again. Sorry. So that yeah right right in there That 146 area there. There's it's not that much but but they're you know They're pushing it into that area I would imagine there's probably a bunch of iceberg orders there as well Yeah, they hold over here 142 and then they're start like pushing back up Let's see if we start having some liquid over here jumping in When we look at this pattern it seems like all a big Setting up over here for the longer 155 yep, it looks like all a big cup pattern on this Break over here, but if you look in the main picture This seems like Our descending triangle over here. So that's our first resistance That's our second resistance also big heat map over here. And then we have the previous levels of before I see buyers over here stepping in so we can have that push the 160 plus We'll love to see a squeeze high of a day Bruce. Yeah, that would be yeah, that'd be beautiful There's a little bit of liquid at 157 They're removing it This is this is still like steam to go This is still like steam to go over here I mean you know talk about You know potential Manipulations and game theory. I mean here it is right in front of us. I mean what what more do you? You know, how more do you want to visualize it or prove it? You know Exactly So I will share also the charts that my beer took both longs in the Room once she's done But the point is look at the liquidity that came on that 60 break out So now we have 165 170 and 175 It's very clear over here what they're looking to do They're looking to trap as much sellers short sellers. They can On these dips over here 145 And they're just like pushing this back up every single time every single time Now if you base over here 160 Then we are above the trend line Really, we can push to 175 and even new high of day base support 159 Bruce It's basing over here for another push let's say 158 small dip What six is fine is finding over here some support If a 157 dipped They're dipping that 90 may that's the last Spot for trailing. So if it closes below 157 that is the trail Or stop maximum break even all right Bruce 1140 have to get out for an appointment Uh, any more questions? Teebor, thank you for all your Comments in here, and there was there was a bunch of Kind of requests for some other thought some other stocks in here, but I didn't want to interrupt you Going through some of this stuff was really really good So sorry about that guys, but uh, you know, we can go through stocks on friday Or maybe maybe next time Um, okay. Yeah, some nice Complements in here rat race. Uh, if you if you guys like these videos, just give us a like uh in in youtube and Consider subscribing. Uh, you'll get updates on new videos and and alerts on when these events unfold Uh, and uh, uh, yeah I'll put into the chat here GA trader does offer Um Some mentorship uh and uh education. So if you want to reach out to him, I'll give you your contact information here Uh, and uh, no, I think uh, I think we've covered just about everything Uh, joseph, so uh, uh, you know, thank you very much an excellent session Thank you very much bruce. Hope to see you buddy at trader for cause will be there the first of october Or I will be in colorado In uh end of september. So in case you are like Uh, those places will be nice to meet you Where exactly is it, uh, joseph? Uh trader for cause I will be speaker first of october in las vegas And the week before the week after I will be in colorado in damver and aspen So in case you are like those places Just hit me up and we're gonna have something to it together Yeah, I I That sounds lovely. Uh, yeah, I I don't think I'll be be there, but uh, uh, Hey, you never know. Maybe I will Okay, thank you very much traders. Uh, thank you for following See you guys next week. Thank you bruce book map and take care. Bye. Bye. Thank you, joseph