 Good morning traders and welcome to the book map Pro Trader webinar here for today with Jay trader stocks trader If you guys have a subscription to the book map global plus version Then you are very familiar with Jay trader. He every Wednesday. He comes on and goes through live analysis and trading so He'll be doing the Pro Trader webinar today and then also tomorrow we have Scott Pulsini a futures trader He'll be doing that as well, but both of them Present every week here during the book map Advanced webinars So if you're interested in that it comes with the book map global plus subscription And let me just speak a little bit about the education. So what you get when you subscribe to book map global plus You get access to the educational course. That's online and then we have every day an advanced webinar So three days a week we go through forward-looking analysis. It's not hindsight So you can apply what you've learned from that course and read the order flow in real time in the market And then we have two days a week. We have live trading from Specific traders Jay trader and Scott Pulsini and you can learn from their setups their way of reading the order flow and applying Their strategies and their trade management. So There's very complete education and you'll get a taste of it today if you haven't seen Joseph trade before or Scott for tomorrow Anyway, yep, if you don't know Jay trader, he's been training for quite a while Since the young age of 18 and many of the warrants covered warrants in in in Europe you're trading quite a bit of size the 30 to 40 million euros in traded volume each month And you know, he's mainly looking at the tape. He focuses on the order flow and scalping Now he's looking primarily at US equities and options Both large cap and small caps And he has his small cap trader room. I'm gonna and put the Information here if you want to reach out to him. He does offer mentoring services Okay, so you can reach out to him. Here's his contact information here However, I'm gonna put this into the chat and go to webinar. I have a few other like his A special offer from him, etc that you can get from the Links I just put into the chat there and go to webinar Good morning, everybody. Good morning now Alan and Boris Boris. You have no sound. All right, so I think log Out and back in Okay All right, so let's go through through some disclosures now Joseph he'll be in soon. He usually comes in a little bit later Since he's wrapping up his trading room right now Over in San Marino So general disclosure all book map limited the materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in simulation cannot accurately represent realistic trading performance So just a word on this. This is not a trade cop your room whatsoever. It's like I was describing earlier. This is for understanding how to apply different strategies from from a professional with the way that they're looking at order flow, so you is really a Part of the robust education that you're getting with book map And then something here on that last sentence live trading executed in simulation And not being realistic. So Our simulator is pretty good. It will put you in the queue There's other Trades in front of you that will need to execute first So you will get slippage even in simulation here. However, as you guys know It just one share or a hundred shares can make a difference. So it's it best to Understand the realistic trading environment compared to sim. Alright risk disclosures Trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors and investor could potentially lose all or more than the initial Investment risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results The hypothetical performance disclosure here is more for automated trading. So we'll you can read that if you'd like We'll skip over it for now. Alright, so as we're waiting here for Joseph. Let's take a look at the Futures market we look at the S&P e-mini here and just go through some of the order flow and While we're waiting here, he'll be he'll be in and probably about Five or seven minutes or so So anyway, we can take a look at this S&P. You can see some sideways consolidation here Right at 930 we get the drop. So you can see that we had retail sales This morning as well as we're gonna have FOMC and it's a big one with the dots and projections and all that Later this afternoon. So not looking for too much here out of the market, but you can see that, you know, we have a Initial move here to the downside and through or back down into Getting kind of close down into this kind of 4,600 down here and Yeah, that's what we're looking at yesterday a nice move into that yesterday in fact during the webinar So let's see if we can kind of come down there and revisit again but you can see that the initial move down here some buyers starting to come in so Not really seeing too much at the moment here Lack of buying here at this very minute here So if we can get a little more selling here, we should get the bump down to about this 4610 here Just done not seeing the buyers at the moment now if they come streaming in and they come back up here around this 4615 I think we've got pretty good chance for a move back up into Not only 18, but I think 20 here Okay, and I like that move up into into this 20 area because that's where you see this liquidity previously And you see these transactions previously it this liquidity traded here Okay, so there's actually liquidity in front of it that was pulled, but you can see this liquidity was traded here All right, so anyway, this is a pretty important area here this 20 level and very very quick move down on on high volume here but as you guys know when you get these quick moves like this these Impulsive moves here like this They are low volume nodes as you can see so You know, we're looking for maybe a retest back up into these areas and a potential rejection Out of that area. We'll see we might get more buyers up in this area here When we'll be reading it down in this area here all the way along and start to understand Okay, so yeah, still not really seeing much here There's exhaustion here a lack of of buying another lack of buying but we're looking for sellers down here And I don't see them either right not yet at least So if we can come down here and we get a bit more selling we should get the move into this for 4610 Okay, but yeah, I'm just not not seeing those those sellers at all right now Nor are we getting our buyers up here. So not really too much to look at at the moment Alright, let's see Okay, just a sound check here. Can everyone hear me This looks like a few guys are having some issues if you can just type yes in the questions Yeah, okay Very weak. All right. Let's see Should be pretty high Loud and clear, okay. All right. Yep. Thanks Chris. Thanks, Sam Mark. All right. All right guys Yeah, I wish I had more to show you here at the moment not not much not much Still these two scenarios Are is what we're looking for You know if we get our buyers up here, you know, I think we've got a good potential They were buying here previously right Here and here a little bit over here as well, but you can see they just kind of faded away So, you know, and we just don't see much going on right now in either way here So, you know, if you're looking for maybe a range bound opportunity great but Here come here come some sellers now This is we have broken this area here, but I still don't see the sellers All right, so again, you know, we're looking for Clarity in this order flow and this is not really that clear Right now So if there's not a whole lot of sellers trying to move it away from this value area or this most traded level here Okay, they're gonna have to do it with size And that's what we're looking for, you know some big big red dots here To pull that market into areas of high liquidity down in some of these lower areas here and right now we're just not getting that, right? So best to stay away In fact, we have the potential now for a move right back to point or you know, this this kind of liquidity here It's kind of pointing to control also the other side of the range right now So this is a this is a false breakdown here And let's see if these these buyers can lift it to the other side of the range here and get into and maybe through this 15 level up here, so This is pretty typical in order flow when we don't have decisiveness You'll see that kind of bang around each each side here. So that's that's the scenario that's playing out Okay, and let's see if we can get even more buyers though up here And I don't see them yet, but we have more than we then we had sellers down here And if we do then we can we can get a move higher here into 18 liquidity or 20 liquidity up here Okay, so I know I'm kind of going through a lot here, but This was a false breakdown here. Okay, we weren't we weren't buying it or looking for it here to continue Once we see these buyers come back in then this is You know, we're looking at the responsive responsive buyers to to to bring it back into The most traded level here, you know, you can look at your profiles It's just a pretty pretty simple Stuff here that we're talking about you look at these areas of consolidation in this case We've got a nice one here Okay, and then we look at these areas in our profiles To give just an idea of where The most traded levels are there's there's actually kind of two in here. All right one here and one here now if we're not going to get the Sellers in here and we start to get buyers on the other side Be looking for it to trade back into the middle or the other side of the range And then we're looking to see if we can get some continuation and you guys can see that we haven't we're right Back in the middle of the range All right, so let's see here Boris. You're still having issues here. I Don't know what to tell you We've done a soundcheck and everyone can hear Joseph is in here. Good morning So let me turn it over to Joseph and let's get him up and running here and let's take a look at some stocks Good morning Bruce Good morning, Joseph. How are you? Thank you very good, buddy. I had my dose of coffee this morning. How are you? Okay, so I'm not getting a very good sound from you Like a bad bad connection here. Okay one second. Okay fix now you should be here me You should be here me good. It's pretty it's pretty bad Hmm, okay, okay, you guys are hearing them fine. I am not interesting Can you find traders? Maybe I should log out and log back in Okay All right, Joseph. Well, everyone else is saying that everything's good here. So Why don't you why don't you continue and? Well, I may have to log out and log back in but you you've got you've got controls here Okay. Okay, Bruce, but for what I can tell you Bruce. I hear you very good over here Okay, good morning traders So glad to be here today this morning I had a plan on These stocks over here, so I'm going to explain how to make a free market plan So first of all every morning we are in in live stream on on YouTube for free for the first 60 minutes before the open and I was looking for we're gonna cover the big caps today when I was looking for Tesla and Tesla is one of those stocks that I always have In my waltz list Because we have a high volatility. We have a high liquidity. I like to trade this with options as well and I generally buy two-thirds of the stock and one-third of options. So Tesla I wrote over here short-term bearish Waiting for 930 breakdowns. So I'm waiting for actually this low over here. This 930 929 breakdown and It's about some days. I'm telling you that I'm looking for an 800 swing target. Okay Get on the swing target because we have over here a main level of support and Because my trading system is telling me this is the possible error for them. Why? we are in a Short-term bearish so until we don't reclaim 1000. I'm looking for that short area Where I'm looking to take the position or near the z-line Okay, so this band that you can see over here or if we break the 921 929 Sorry and trading pops. Okay. When I say trading pops means I'm looking to short pops This morning I was looking at the price section on Tesla and I'm gonna bring up over here book map Okay, so we can see over here only the indicator Heatmap all right. So only the the levels as I want to focus more on support demand Supply demand and support resistance And I want to focus over here more on the price section. Okay, if you don't have over here NBBO You can simply Use for example The less price or didn't ask At this point this morning we went all the way up to 970 So start looking at this pop, right? So this is the level where we have the first rejection a second rejection a third rejection today We have the rejection over here So means that at this 970 which is also this previous lower remember over here, right? We have a huge amount of sorrow. So each time we push we have sellers jumping in And we can see these sellers jumping in because once we form the first reasons 970 We start having more in 968 and then even more in 965. Okay, so we have a progression of sellers like in a stair step down pattern Now we're still far from this 929, right? But we are going right on the day We open over here. We're getting below this 948 which was the low of the day So I'm looking for a trend break over here. I'm looking for an unwind to this 929 If we're going to remain below 970 and so sequentially I want to look for that 850 and then 800. All right, so this is my plan for Tesla How to buy? Put contracts over here. So personally I explain right now what I'm doing As I always say, this is my personal trading So be aware of the risk that we have with with trading and especially when you trade options options are a very Volatile and I will say a pretty high risk product But I also offer you a use amount of return and with With I would say the correct subs So if I'm looking for a trend like break over here, and then I'm looking for this 929 I will stay out in the money to buy options, right? We'll stay with around 925 and 920 What I'm looking is to sell then those 920 or 925 at plus 100% and if the trend is coming So we have the confirmation of this swing I will I would say buy more and I will use a concept that Basically is by reselling the stock that I bought at the same price over here And I will use that cash to buy options monthly. All right, so it's like I'm reinvesting risk in zero Okay After so my stop. So basically this is the process right in We say over here like in a general way of How I look to buy options Tesla is one of those products that reacts very good also with book map. So when I see a level and Or I would say a series of level on book map They tend to be pretty reliable. So I like how really moves Tesla with You have to know that not all the stocks out there will have the same kind of say sentiment the same kind of Friendly approach that you can have with with book map One other stocks. So for example Tesla Apple BA. They work extremely good as I found those level of resistivity Reacting good with the jail as well. The second one this morning was BA and then we had also piton So on BA we were looking for 190 puts And Over here, you can see BA short-term bearish below 195 shorting pops to jail lines 90 may want to see a cracker support and confirmation of breakdown puts 190 tp 191 and 80 and then 187 so 190 180 Because we had a previous main level of support, right? And now I'm looking for this 187 So this previous load on here 187 fifties The piton we cover at the open explaining the setup, but basically the same as BA So look over here. This is we can Eliminate for now the bottom dots. I want really that you focus today on the supply and demand So we look at the resistance support As I want you focus really on the price section itself The stock is going down is bearish in through the long term is bearish in the medium term is bearish in the short term I I Explained over here two days ago and I called over here the short on this day With the same bind puts 195 and now we went from two zero two down to 190 Okay, so we have a huge amount over here of unwind breakdown level Curl down first day And you can go rewatch the streaming how we treated this Today Looking for the break on the support the open again. I called in stream I was looking for this BA for unwind and then over here beautiful unwind all morning So one point So this is the open You can see how we fade over here from the 195 area right away. We failed the open So brutal sell off in the first minute, okay brutal so often when the first minute goes down almost two bucks And then we start having all these pops So you can see small pop over here Small pop over here small pop over here small pop over here all these are lower highs Okay, and until we really break this This 191 and 30 199 and 191 and 20 And we have a first support over here. This is still a beautiful short is this bar over here Okay, so what you see on book map is this bar over here bounce over here starting to push We have two One higher low and one hour high Then we form a third higher high and then we start again to dump over here The main support is this 190. So I'm looking today to get trades on BA more this morning Over here next to me was trading BA And increasing the position on those boots because our last target is 187 if we break this 187 Then look over here on the hourly Actually, you can go even on the daily We're looking for the main target down here at 140. Okay So this would be Very good swing opportunity for the next month. We have to look to us for the break on this Support at 180. Okay Now let's look at interday If we're gonna have patterns So in order to trade this I want to see a bear flag When I see a push into this area a push into this area and a push into this area over here, okay So this is what I'm looking traders on the BA over here Want to see some liquidity so I want to see a big heat map above and then looking too short the main short We already had it in this area So that's the main level too short and This morning, that's the call that we had in the room and The same thing for pitton. So let's look also some movers and XDD We had this morning GMT X fading. This is a small cap. So on GMT X we had two setups short with this Jlan rejection second short Jlan rejection and Each time we had some pretty good resistance to short into So these are good levels over here. Okay. Let's see ABC T traders ABC T So in this case, we have a small cap. This is a bounce play Because as you can see the stock We're talking about small cap. Okay, so Small float small market cap. We had the first run line break after three way pattern fail over here curling Volume again. So possible resistance and target 180 right now. Let's see if we can have some dip buy I will be training this with the count over here on booking about also live with my account If I'm gonna have that set up, okay, so let's look together if you can spot some Nice trade So 155 breakout curling looked at volume is coming over here So if we were test traders this 150 we dip that I'm looking too long. Okay, so I want to see They put it here to 150 and then pushing some good amount of volume some good amount of buyers We have almost 29 million volume traded Yeah, just a note everybody. I'm sorry. I this I had issues as well With the go-to webinar and sound right now Some of you have sound some of you don't I Know you can't hear me but log out and log back in if something happens I think that's the best way. It looks like they're having some issues. So That's confirmed by another colleague here. So I can hear you right now Okay, great. Great. Yeah. I mean you may have this happen to you as well, Joseph, but if so then Okay, you'll have to log out and log back in as well. Okay. Okay So trade as you can see over here a BCT as we said we have a small cap And let's look together if we will have a set up on Apple Tesla BA Pitten Zoom I will explain as those are the main ones for me today So a BCT as we see over here. We have 108 million market caps So very small market cap and today we traded 38 30 million of volume. So 50 percent above its float So flow rotation and half Institutional ownership 30% SSR. Yes. So this means we cannot Short on the bid they cannot we have basically to short on the ask so this prevents for use panic selling and Financial this company is not really doing good. We have 4.2 million cash Left for the quarter and we have a burning per off 2.4 million All right, so it's a use burning cash versus the cash they have Negative net income of minus 37 million. So you can tell me Jay how they survive basically through the ocean We had five gaps in the filter. I use our 20 percent gap with at least five million So I don't really care to see all the gaps out there that happen, but only the gaps that have at least an extension of 20 percent in a volume On the day of it leaves five million because if we have a gap of 50 percent 100 percent But there is no volume no liquidity We cannot keep that into count at the same time. I'm checking for dilution because a company like this as we see and that survives without the illusion and We have still some warrants at 1150 we have Some warrants at 1.50 And we have over here some converter a juicy shelf right of 2021 July 65 million so they can dilute traders. So the reason to The reason that we have behind ABCT being it's a company that's bleeding money We want to see some kind of extension or pattern ideally a rejection into this 180 190 or short Or below the jail us because it's a company that's bleeding money has to raise money and we need therefore a offering So you can see we start forming a Scenario of higher lows higher highs. We're bouncing from this main support 157 which is this one over here of book map. Okay, so you can see and we have the We have the main liquidity over here for now at 161 they removed it So we have some supply 161 they removed it. We have a little bit more 165 But that not that much and 170 30,000 over here and 40 are nothing because basically every two or three second They're trading two or 300 K. So it's not that huge amount of volume Bruce I'm Talking with some some traders who have book map And then tell me that go-to webinar page does not load it crashes Yeah, I've keep trying I've a few people have gotten back to me as well but They should be able to get in it looks like David is talk saying that maybe it might be Yeah, and other traders asked me a website having issues generating the email link on the live webinar sign up page. I Told them to try again right now because they wanted to join. There's there's no other way Okay, go-to webinars having some issues, okay, okay So sorry for this traders today I'm gonna write for here. Yeah, it looks like a David saying it's you know, Amazon web services and world worldwide issue at the moment so unfortunate Okay, so For who is here traders. I'm focusing as I said on a VCT Tesla today if you can break this 930 929 it We're looking for that swing position be a There's some there's something over here you have to understand so really how to take profit This morning as we said We had a big big fail-off over here on this break of 195. Okay, and And You can see that we've made or highs or highs or highs and a certain point We start making high lows, but it's not only that we had This first big heat map support that simply breezed you see care breakdown over here And then we went to the second one And we never reclaim this level over here, right? We never reclaim that previous level of 191 We went down. We broke over here the 190 and 50 and the 190 we have the user month of support and book them up on BA Once we instead broke the 190 and 50 we reclaimed what happened next we reclaimed even the previous Support now resist is 191. So we have basically this unwind and then a certain point We started having a first type of reversal So if we will confirm the hold over here 191 now Possible push until 190 180 192 Let's look at this price action, but here's interesting. I'm zooming out You can see in order to spot also that huge amount of support at 190 So this level down here Okay. Yeah. Yeah, also they're telling me Bruce over here that some traders are in But the sound is breaking badly every 10 seconds still crashing go to webinars There's nothing we can do Okay Hopefully this will be recorded. So members can look to Watch this in a second time. So what we have over here is the first beer flag with PA So it's still 1030 so still a valid short to trade over here The risk is 191 191 in 37 We had the breakdown and you can see traders the first lower low breakdown of this 190 and 90 so trendline break we are in a bearish mode and We have to stay now below that 191 that we were just talking about so this is the previous resistance So we went above we had a trendline break now We're looking for this to fail until that 190 main support if you can feel that filled it 190 support we go to once 87. So we're looking at least for a three-hour return In this case, we have 190 and 70 and 191 and 30. So we're risking 60 65 cents 190 and 70 to 190 90. We have only 70 cents. So that's one one, but we're looking for that one 87, okay so looking over here for that unwind and the reason to enter this is because I Can tell you by stats that every single day trading stocks below the previous day range below the open level So unwinding we have or jailer rejection or these nine and eight bear flags As I said that a plus setup on BA we added on the first breakdown over here So if traders are already in 194 195 on BA This is a spot. We're to recycle shears and then trilling the money. So breaking over here the 191 to the upside and That's the importance in trading of the risk management. So knowing what you're risking And as we said, we're risking this level over here 191 and 30 191 and 35. So over here, we can write Bear flag in downtrend pattern in downtrend and for example yesterday traders We had the same price section We had the same bear flag at this zone. Okay, this is a Pretty good bear flag and then we had an Y. Okay So let's zoom out 105 They're curling over here. So they're trying to break this previous high. We had the 191 and 40s. That's the risk That that's it at 191 and 45. So that's a stop over here. This is correct stop because we took first Four points on the unwind over here and then over here. This is a correct recycling So reshoring over here the bear flag. This case doesn't work Boom out and then we'll look for secondary setups Secondary entries always with the 90 a if we can have this another bear flag formation But that's a very good trade Simply doesn't work when it doesn't work what you do you cut So looking using this strategy over here This is what we made in the last three months. So these are the set up that which are the last three months So we are having very low and few red days and This is really working with the 90 may So working for these plus ups Look over here traders. So we had a rejection from this 191 and 50 right away pop Okay, so over here they went really to Trap the bulls and also short sellers stopping out over here and now we're simply fading this strong So again, we're looking for that unwind Another trend line break. So 90 may is curling down another bear flag over here on BA first target we're gonna have possibly the 190 Some support 190 and 50. So this is a second short over here Remember that first short is always the best. So the pop and fill the gate and Then look to recycle while this is going down. Okay, so you will lower your average and then each time We're forming lower highs You're gonna use that previous relative high. Let's say lower high or high or high each time We go down. We'll use that previous already high as our risk So now we want to see a breakdown of 90 point 50 You can see before that we had bear trap then pushed over here with a bull flag. So a little bit of manipulation down here Recognize these patterns, right? How to know when we have a bear flag Bear trap story. So we're here. We have a support on purpose. They break the support right away They reclaimed it and then they push So this is really where we have long stopping out Possibly over here, we have some big hand and don't worry on BA. You will have more than one big Hand. Okay, so one shark They're all like collecting over here often. They're they soak over here They absorb on the bid they absorb in the bid and then they start reclaiming that previous resistance and They start pushing to upside. Okay, and sometimes that's also for squeezing shorts out And we say about tell me buddy. Oh, just a just a moment here and no really really nice examples You're going through there though Have a colleague here Sam is Setting up maybe a J trader live streaming in our discord since he has sound So maybe if you can tell people like or you know, other people that are on If you're having kind of sound issues, maybe try that and see if that's working It's kind of a hack here. So you go to the book map discord and you'll see the live streaming J trader live there It's Sam actually Okay, should be able to hear it Okay, let me see if I can find myself Book map Okay, okay. Got it. So Okay Book map. He's got your screen and everything going so, okay, okay Okay, so traders for who doesn't hear Bruce over here Go to book map discord room and look to click on the Live stream J trader. All right, so you can get inside over here. Okay. Just so be a first of all some traders reaching out during the week because I've been posting this indicator over here that tells me strong bearish and These these bars is not something for sale. Okay, so it's just like something. I'm I'm using is to Basically see the price when it shifts above or below the day lines and if you look at my hourly chart Let's wait that toss Updates all right, so you can see that the price Once it fills over here the day lines So it becomes all red. So this for me means like looking too short and As we said, this is a swing position for me I'm looking for a BA once we fill this trend line and this is the setup We called yesterday. Sorry two days ago. Okay, we call this two days ago You can go watch the streaming we made and we said BA below two zero two. We're looking for this 187 target That's the main target over here Okay, so right now you can see that we start forming a lower low Sorry lower high. Okay. Hi, we're here lower high Let's see if we can make another lower a lot high over here and go to this previous support instead is bouncing over here 9d 0.80 we have a beautiful pattern over here Breakdown over here. So today I'm looking for This kind of consolidation over here if you can remain this below this 192. I'm looking for that unwind Okay So these are some of the best plays The ones that give me some very big return the other pattern that we watched today traders was Tesla, so we're still waiting the Tesla unwinds and Again swing position from this level over here. So we had this Frontline break the same day on BA. So when we started fading over here this morning We had a big rejection of 970 target right now. It's 930 below 939 29. I want to see 900 then 850 then 800 Okay, so our bias is short over here on Tesla, all right, so we're having right now a trendline break on Tesla So let's focus on this pattern as well Reason for us to look for another position short curling down We need to see the breakdown of 943 and 40 so again looking for the swing position over here We're done wind and looking for this 930 down here, right? What I like about Tesla is that once we feel the supports Simply like over here boom it drops. I can drop like five six point instantly and It works as I said before pretty good with bookmaps. So the levels that Often are the pure support pre-resistant. So the relative higher lows and the J lines work so good. So I'm looking for a Stopping to the 954 953 Looking for the first target down here 929 and then looking for that 900 Let's go back to BA. So BA again to that support. So now the increase That's support over here. You can see at 190 and 50 So more liquidity came right on the A And again, what's these talks with a swing idea So don't focus only on the one-minute chart Because often if you look at too much one-minute chart unless you're a sculptor it can really We say trap you okay, I can really like Push you out from the trade if you look at the main trend over here If you look at the main environment the scenario is definitely strong bearish and We're looking for that pattern over here. You break this 190 and 50. This can wash big Okay, so let's look over here. 190 and 50. Let's focus on that Okay, so we're looking at this level over here 190 and 50. Okay traders Five hourly chart you can also use a 15 minute chart If you're looking for those swings if you're looking for those three or four days of trend So you can see over here the first you sell off then other sell off the gate over here We have a big flag formation. So Very good setup. Okay Very good setup So for the truth that asked me about Jay lines over here on the I'm sorry traders Jay lines on the Five minutes are right So we have to change the jail in this case if you go to the the 15 minutes and then you can put over here 729 which is the really the main levels. All right, otherwise you have to put over here Or and in this case See if we'll go. Yes, this over here But again, we can use 15 minutes, we're gonna put 7289 to see the overall trend. So this is for your swing And you right away see that the price is going down. So stopping over here really above each level that we have and then we can add a 200 So when the price of Jay line, so when the jail is already are is below At the 200 so we have a bearish trend like in that case and instead when the price This case is bearish, right when the price like over here The jails are above the two ones that we have a bullish trend and over here You can see all this is a bearish trend. So this is using the 50 minutes Okay, only to see the main patterns So 950 over here. We have a possible Breakdown coming 953 sorry in 953 952 We don't have We only have 8,000 over here. That's not a huge liquidity. I mean I saw times where We had to want to kill MBA. So looking for the breakdown over here coming 952 again now see they're bouncing. We're here at 60s As I said today, I took off the dots not because I didn't use them I simply love if you use the dots over here, especially I like to use them in combination with the support resistant as I can see the the soak is I can see the huge amount of Absorption but today I really wanted to focus with you traders only the level support and resistances, okay? So only the heat maps levels over here They're very attached to this support. So I believe we can have an imminent break over here unless some crazy voting comes in and spikes Yeah, I see sellers over here. I see sellers We can put it also The times in sales so let's put also the times in sales over here and we're gonna filter that through at least 300 so I want to see only a little bit of size in and don't really care of 50 20 30 shares at the time Okay, next bar of the 50 minutes over here Now it's bouncing So they're bouncing at 74. So you can see just what we said if we have a little bit of volume They will push still like bearish the risk has to be 191 and 50 we're looking for as I said more swing position It's locals at a VCT Tesla still down. We have to wait for that 930 GMTX fader today GRTX fader today even a trade is so much volume or being a small cap Another one this morning that is fading is GM Another beautiful down to a new stock over here. You can see strong bearish another J line rejection over here Yesterday exactly at 2 3 p.m. Sorry 3 15 p.m. Perfect J line rejection Trendline break this morning and unwind over here at GM We're gonna get the 176 Next target if we break the 176 175 we're gonna have 160s So another ZM looking for a swing position all of these are simply fading. Okay, so Baba was another one And Baba is simple like dying in the last two months Simply fading had some days of consolidation over here like around one week we break traders this 188 what 118 117 look again for an wine and bearish mode on Baba is bouncing So let's continue to watch the price section so they found that support their bouncing over here But remember when we have a descending triangle when we have a bear flag you can have some bounce over here So still staying with the relative high See perfect. Yeah So now we have a seller at 191 and 20 small seller 5,000 over here on be a Again a leg down on a BA. So we have to wait below the 191 a Little bit more resistance above in the 192 and one. Okay broke over here right now. Let's see how to react to the J lines That's the risk 191 and 50 Let's filter over here traders. This at 999 Let's put for example 2000 when I see the blocks not even 4,000 okay, so we have Yeah, a little bit more seller than buyers So this is a price section that we had in the last 10 less 45 50 minutes Yeah, they found for now some decent support at this 90 190 190 point 50 some decent support here see GMTX So they still that 191 That is still forming lower highs. So go over here as we said, we're looking for Tesla this 930 Not too much on the big caps not too much. Sorry on the small caps So not really following those today. So we have a daily rejection traders over here on BA And now that's our risk So that top and the J lines So wedge over here Look at this level 191 and 50 190 and 50 okay Tesla over here Forming your lows. We like this 939 So I want to see this unwinding unwinding unwinding. So each bar is making lower high lower low So when a trend is going down like right now on Tesla and For example our average over here is 945 What we want to see is a continuation of lower highs Or highs or highs or highs. So it's Relative high We put a trailing. Okay, I like to see this using movement But I like to see also this using more than a one minute of five minutes Sorry, especially if I'm looking for a longer position And I have to trace also support resistance of the previous days or even previous weeks or months and Over here, we have an important level 930 Yeah, 929 1 30 Where we bounce already two times So that is called catalyst that is my target profit My first level of dark now that you are in the money. You're basically risking for example break even So you're looking to have this level of resistance 945 and Basically, it's a risk-free as I said, this is the first target So only where we chip over here for example 1 3rd and then we want to look for that Breakdown to the 900 and lower. Okay 939 Not a big support until 930 As I imagine the previous low the relative low is always the one with the biggest support It's 930 over here. Let's go back to be a which is still bouncing small over here And on be a traders again, we have that pattern J lands over here, but above the one and the one one ninety one and fifty reason to stop So some support at 191 So for now making ascending triangle on BA Tessa still that 939 So look at price action traders on be a so we bounce two times This zone over here one ninety and fifty right first bounce over here second bounce over here Which is the first bounce? second one and Now again same resistance one and you want in fifty one and the one in fifty and again, we're rejecting that area We have definitely Seems it's very possible over here or a wedge or an ascending triangle can be Yeah, either one Yeah, we have an ascending over here trend line We have the same high almost or slightly dumb trend and that is our wedge as of still at 939 So now we can put the first trailing at 942 But definitely this is still with the vision to see the 930 down here ABCT continue to fail GM XT GM TX sorry continue to fail GRTX continue to fail Your TX is a day two Exactly, so we can see this morning fail over here the five minute J lands unwinding some J land rejection right now So good sell-off who has a small account on Tesla for example, I really like to use and Suggest to use mean that you have a small cap a small account story or even a bigger account. I really like to use options in conjunction with stock Surely if you have a small account look trade options Study first practice them trade on the line stock in paper and Once ready, then you simply move to options. So instead of for example of Shorting you will buy puts I made some In the J trader room, I posted some content on options how to choose them The Greeks so some good information on it. No reason why we cannot see 930 over here and then Looking for that more and why Joseph. Can you give a little more information on the options? Are you what month? I mean the current month is it the Okay, so There are so many specs aspects out there. So we would need really to to cover this in at least two hours But I'm gonna give you points for my personal trading with options So they are weekly or monthly options when I'm looking to day trade So when I'm looking to take a trade For an hour or let's say a couple of hours I tend to look for the weekly options firing on Friday As you know if the price of the stock goes up the option in terms of percentage goes Much higher. So let's say the stock can move 1% the option can move 30 40 50 percent There are some consideration about volatility Delta that ends on but I wrote those on the manual and I uploaded that Some weeks ago also in the in the bookmap discord room Now if instead the stock is being lateral, so you know that the stock you're not gonna lose anything Maybe a few cents, you know, this is just below your price, but the option will lose price Okay, we'll lose value Because we have a time decay Especially if you trade out of the money options There are two ways to trade In the money or out of the money if we have if the price over here is 939 Okay, and let's say we're buying calls and we're buying calls 945. That's called out of the money Because basically inspiration you won't get anything instead if the price is 939 you're buying 935 then you're trading the money In the money will give you less in terms of percentage gain But they are like a little bit more safe Actually, they are more safe Out of the money we will have more in terms of further, but we have our risk Each day that we hold weekly options and they go towards fight expiration if the stock doesn't move or Slightly reverse against our we say a main direction then The value of that option will decrease Personally, I like to enter on hourly time frame If I swing And in that case I will look to join first Weekly options and then to buy monthly options In order to differentiate over here my first of all strikes in my expiry I tend to Use only liquid options. So you'll never hear me buying options on I don't know on b2 likes right now Right now b2 because b2 because simply like In liquid right now if you trade options also you need to know All the variables which are the greeks. So the impact of this on the actual price And also to study the correlation between the price section of the option Towards the underlying stock Is not difficult because for example when I started trading back in the years I was trading with a small account and I was trading cover warrants on the Italian market buying for example Bruce knows like if I we had banking tasers and paulini midi bank. I might have set the new credit and so on So these were stocks that used to move maybe like 2 3 5 percent maximum in a week maximally the maximum they are not like Volatile liking the nice Or in the nasdaq But uh cover warrants were were moving exact was moving exactly like options on On the u.s. Markets. Okay, so you could have like 20 30 50 even 100 percent of gain in a matter of hours So that's the reason why traders look to Use options because you can simply have so much more return with Very small amount of capital invested So you don't need really to use Half a million to buy over here at tesla, but you can buy even with five six seven k a decent amount of Of calls or or puts And to make a decent profit Again each day the premium will lose price Okay, so if you go to buy option on tesla monday will be pretty expensive And I would say I always Avoid to buy them on the day one Because they have also a wider spread Uh when it's like Tuesday Wednesday or Thursday even better Uh the options weekly will definitely have so much return in terms of percentage of the stock moves gives a very big move Uh and there will be cheaper Okay Questions traders on the options. Oh no questions Okay Yeah, it's interesting also joseph. I like the way that You've been playing around with a lack of volume dots or volume dots on there During the um Weekly or you know the the daily I say I should say webinars. We sometimes do this this Um, uh exercise and so the context is just price action And liquidity and then get really good at reading liquidity because we've been all looking at you know volume for for years And uh that extra context maybe is it's kind of Doesn't allow you to learn liquidity as easily that's all Exactly exactly. So let's see over here traders bounce on tesla, but as I said, we still have this downtrend So that's a beautiful pattern over here We started rejecting rejecting rejecting always this downtrend line. So we'll see now if we're gonna reject again this 942 943 Uh the main supporters were here in 930 And instead on ba To be a still bouncing from that support is still being on that In that trading range. So over here we have as we said Something like a wedge or ascending triangle, but right now it's just like a lateral consolidation with the top at one 1951 and 50 this is a user month of support right now Uh in order to see how much support we have simply go to the c o b Right click configure column And put also extended plus aggregate, right? So you will see the amount of cumulative volume that we have at that level So from the 191 and 15 that we are right now to the 190 We have an amount of 105. Let's say 110 k of support So that those are limit buyers, right? This is the demand traders like 110 And instead from 190.60 to the 191 and 50 Pardon, I didn't put it I said, but I didn't put it Over here no aggregate. Sorry there we are but let me stretch a little bit because I cannot see it All right, we have only 5 000 over here. So you can see the difference in terms of supply demand right So this is a very small supply. This is a user month of demand. This doesn't mean oh, it will bounce This will go like 200 will bounce so much. No because If we start like to chip the 190 and 50 And then we start seeing over here like buyers getting panicked Simply canceling their orders Because these are all limit orders already placed over there Some will be real some probably are just like staying there maybe for some covers if they're short because this was unwinding big Some are dip buyers But again, if we start like seeing these level chip I believe that the 190 over here will start to be less liquid And we can unwind a little bit more for now again trading range So the best trade we had this morning was at this 195 pop and fail This is extremely extremely volatile This morning we had a simply a fast sell-off In the first really few minutes over here in the first two minutes came down two points the same as pitton These are really the best stocks for me to trade when we have that general scenario on the hourly on the five minutes that Gave me so much opportunities and you can see over here on ba And this is really three days. I'm saying this short short short And uh, it's pain big, okay So this is pain big then you can look to recycle to take small trades over here with the 90 may with the j-lines Uh to recycle but remember always start to trade higher Uh at the j-lines hourly or when you have the first 30 to 40 minutes pop to the j-lines and anime too short Makes sense bruce Yes, sir Okay, glad that finally I hear good over here with the microphone It happens it happens it happens Yeah, sorry everybody, um, there was oh, it's not problems not your fault bruce. It happens. Don't worry Um So again, you see it's really really really It's really boring how ba is moving through it. It's really boring right now But I believe that all this is necessary because we had a big wash this morning And they sold a ton over here a ton of volume really And then it's being lateral over here. It's being lateral. It's still rejecting this one And he wanted 50 students. We are in a lateral range the last one hour Lateral range of here, okay Let's check back at tesla Tesla again faded 940. So bruce remember what we were seeing just a few seconds ago We have this downtrend line now. I made a line This pop and we said, let's see if we're going to reject this 942 943 Rejecting again looking for the main target to the 930. Okay So Tesla behaving good BA we have still to see this breakdown over here But again, beautiful senior of the market both strong bearish stocks In the next days. I believe that we're going to have some very good results with these All right bruce 1130 Time for questions if we have them No traders. Sorry. Don't ask that. I'm already married. I can't thank you Um So bruce any question out there Not really. Um, I mean earlier on and I'm sorry for this We had some web troubles and I didn't get to the questions, but chris christian was asking earlier Um about a AV ct. How did you know about the main resistance around 180 to 190? Okay, so let's look together abc t. So abc t is a stock that I've been following the last two weeks Um, it's what really we call pig, you know a stuff that simply fills off and This was my level of Support that we had these days, right? And over here we had dips Into the 192 over here. We had to 10. So I was looking at this main level over here As a resistance And this morning I was expecting too short. I'm not in this raid. I'm not shorting this over here My morning finished at 10 10 today. So It came only to 165 I didn't jump in short over here because didn't reach my level of my plan So this is what we call that cat bounce when we have a first big extension Then two or actually three or four days later generally generally three or four days later We have a bounce and this bounce generally is between the 23 or 38 percent of the fib level which is around this 182 two bucks buddy Okay, that fib level you take it from this high a 320 to this Low over here of 090 and then you can put over here the 23 the 38 the 50 the 61 point 80 the 70s And also the 100 percent got it Yeah Okay Another thing I just want to check again this ba. We cannot really predict before that We end over here again. It's still this trading range. It was just like simply so boring, but the trend is all down We'll see if we're gonna have that or 936 Tesla so a nice juicy dip We are going down making lower highs lower highs lower highs simply love this kind of price action And over here traders don't focus. I as I say only using a one-minute chart because on the one-minute chart You only see I would say you zoom the less two hours the less maybe three or four hours Stay with five or even a 15 minute chart to see the main general trend And then if you are like me that you like dowry chart because you even want to open some swings I mean dowry chart is a perfect scenario for that All right, bruce anything to add more? No, sir. I think we're all caught up and apologies again like That this was some some issues with the sound But anyway, we'll have the recording up in the in the pro trader webinar series Playlist on our youtube channel later and hopefully we'll go through it and hopefully that that turned out. Okay All right bruce again. Thank you very much for today Uh glad to be part of this beautiful team Reach out traders to me or bruce in case you have any kind of question Uh, thank you again very much book map and see you next wednesday. Thank you very much