 All right, good morning traders and welcome to the live trading webinar today with Jay trader a stocks trader he'll come in in a few minutes and Will we were going to go through live trading in stocks? Jay trader comes up with some great trading ideas and setups very specific to His way of trading and that's exactly what we want to get across in these webinars How he reads order flow? Tomorrow, we have Scott Pulsini and he'll be trading futures. How does he trade futures? What are his ways of? Looking at the market his mindset his risk management how he how he manages his trades and Get the insights here from other professional traders. That is the goal. It is part of our education first we have the educational course on order flow Learn about it there come to the advanced webinars then here at 10 a.m That we go through Monday Tuesday and Friday and we go through order flow in detail In the live market so you can apply what you learned and now we have or we have had for quite a while other professional traders Guys, it's not just this as well. We also in our discord. I would really encourage you to come over and check it out We have many other Streamers and and traders also on YouTube. We have rain for crypto markets at 8 30 a.m. East Coast time Then we have Tom be immediately following this webinar at 11 30 East Coast And then we have Doug right after that Doug plus options with Doug So if your options trader on stocks Doug's gonna go through it in detail and has some very unique strategies Tom B. He's a volume profile trader. So We also have the algo boys. They're going through their proprietary levels on Looking for a heavy algorithmic activity and then order flow around those levels. So We have a lot and it's really great stuff really happy about offering this to everybody So yeah, please come and check it out. Our discord channel is really growing Jay trader is also a mentor educator. We'll put this into the chat for you so you can reach out to him if you want to Be educated or mentored by Jay trader got to go through the disclosures here Just these two on the top and then we'll jump right into the live markets I'll go through some analysis here before Jay trader comes in and then we'll turn it over to him general disclosure all book map limited limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in simulation Cannot accurately represent realistic trading performance The risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors an investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. So the takeaway here on the risk disclosures It's for educational purposes only it's not trade recommendations It's not investment advice. It is in simulation demo paper trading mode So that you can learn How professionals are engaged in the market and then the risk disclosure you should not trade with anything that you don't have and The past performance is not necessarily indicative of future results. So yeah, be be careful with that And know what you're getting involved into. All right. Let's take a look at this S&P right off the bat We have a lot of data coming out here. We have FOMC We had the ADP Jobs data this morning at 815 and then you can see that in here Right here And then you can see the move to the downside here. We have FOMC at 2 And then we also have non-farm on Friday. Okay, so these are huge data releases or economic events And it's going to affect the the world basically and I mean at this point with the strength of the dollar, etc All right. So anyway, what do we see in the S&P at the moment? Well the 930 cash open Nice move to the downside And then it's been pretty choppy in here, but it's still moving to the downside We do see some buying starting to come in here a bit, you know I want to do something in here immediately for you guys and we talked about the three elements on the chart yesterday and some questions Good morning, Tony. Good morning, Pro-K and understanding these elements in here I just want to go through a Little bit of the functionality in book map here so that you guys can maybe better utilize the product And what is displaying in here because we have a lot of features in here And you might look at all these volume dots in here and think wow, this is really confusing I don't get it. So you can filter for it. So let me show you that So if you go to right-click on your volume dots and click Volume dot settings brings you here you can cluster them. That's one way And you can reduce the amount of volume with the clustering. Hey, it kind of works like water droplets other As a kind of non-technical way of describing it That other volume around these areas kind of will cluster into a bigger dot. All right So that's one way. All right, and you can see that already helps here understand Who's in control in these moves and where where buyers are starting to come in? Okay? So I want to show you that that's a very very simple way to do it I use the clustering a little bit, but since I'm zooming in here and demoing a lot I need to have more volume and then These there's minimum display volume and trade size in here Trade size is very simple. Let's put in 50. Okay, so I'm looking for trades For 50 or more. That's it The volume of 50 or more one trade for 50 or more. So it's got to be a larger player You can filter it that way and this this helps it gives you some insight here Maybe it's a little too too little data. So maybe you tried 25, you know or 20 and get some insight All right. Now, that's one way another way Is to show minimum display volume and this kind of does the same thing? In essence, but we got to really bump this one up and let's look at a thousand. All right So now it's not trade size. It's within a very small time frame a thousand lots Transacted that's what we're filtering for here. Very very small time frame so I Don't see much here. Let's go down to 500. Okay, and let's see if we get something. Yeah, we got a little bit here Not much. So let's continue to go down. Let's try 250 Okay, and we're getting a little more insight here now a lot of traders like views like this It depends on your time frame your risk tolerance all that kind of stuff So I just want to show this to you guys so you can utilize it and get more insights 125 that's not bad, right, you know cash open 125 so let's keep it at that And let's just use this setting here to look at the volume. Okay, so note this kind of exhaustion up here a little bit of Bying in here sellers coming in. Okay. Well, I'm looking for another volume dot down here on the sell side And then maybe we can trade down into these lower areas here. Okay, so looking for that as a possible scenario here Let's see if we get it right now. We need to see some significant volume right now So it kind of exhausted up here in this view of the using that this feature Filtering feature. All right, so let's see now. We need to see, you know The key here if you're looking at the order flow with this filter If it comes down here, well, you'd miss it You're looking for a big red dot here Hey, it has to it has to be here And you're not looking for this. You don't you're not looking for the heat map to show Liquidity at 45 and a quarter. You don't want to look at that or see that. Okay, you want to see Significant volume moving the market. That's the focus here Okay, and we're not getting it right now So nothing and this was the way that you're looking at the market then you would be doing nothing right now Okay, and you would avoid maybe some chop in here So there we go. There's some down here now. We don't yeah seeing it down here is not bad So I'd still look for this to go, but I don't like it below the level here It could be trapped volume and then we can sit we can find buyers come in and trade right up to the other side here Okay, so just be weary Or leery of these the way or where this trades and trans acts Okay, so, you know, we pulled away from that We wanted to see it here building strength on the sell side in here not down here Right, so look what look what you would have avoided Okay, so you avoid this trap in here. There's a beautiful trap in fact so And we stayed away from it. Okay, we wanted to see that volume in here not here. Okay, all right, so Some of the distinctions in here In understanding it now. This is the the filter for the volume. Let's take also a look at the heat map in here What is the heat map showing us and telling us all right? So and maybe let's say you're you're zoomed out here and you're going wow This is a lot in here as well. I don't like it. That's not telling me much. I'm not zoomed in I'm not trading on those low time frames. Okay, great, right click on the heat map go to heat map settings And then it brings up this window here and you can filter use your upper and lower cutoff here And then just look for very extreme high liquidity in here. That gives you some insight. So this isn't bad All right, there's liquidity up here at 51 and down here at 43 Right and now now we see that cluster of buying up here. It looks pretty good, right? So we have buyers buyers buyers. However, I Don't I see the sellers coming in here and I don't see that we made a higher high here So now I'm looking for this to break. Okay, so let's see. We got our sellers here and we got them Just kind of on the on the fringe here Wanted to see them here not not below again here I want to see them want to see that cell strength in here. Okay, but here we go All right, so there we go now We're looking for the sellers to follow through on this. Okay, and try to come down to 41 or 40 this liquidity here Okay So we're reading the order flow again And we're using kind of filtering or higher time frames in here to understand where price might go next Okay, so It's still that kind of open here like it's you know lower liquidity yet on the offer at this area looks pretty good, but Looking for a little more sell here sell side and then the follow through to the downside And that would be the primary scenario here Okay, secondary scenario if this is going to be another trap down here Well, then we'd look for it and you know, you'd look to exit that position If you see buyers come back up here in a big green dot up here at 46 Okay, because we want to see the follow through now The sellers have control and they can follow through to the downside All right, so anyway guys a few different ways to look at the your volume And the heat map and filter for different time frames or different ways of trading. It's up to you All right, waiting for a J trader to come in here. I'm here first. Ah, there you are. Excellent Let's let's get you up and running here Okay, there you go You're all set All right, so good morning traders Volatile day remember today we have also data at 2 p.m. This morning we had Four main small cap Running And also we had a great read on meta So we're gonna start by meta, which is the Most interesting one I Personally traded meta we're gonna put over here with with book map So I was looking this morning for the major trend on meta and you can see we are After the earnings simply down trending so they simply dump every single pop I Trace my fibs. So yesterday we saw retracement over here from the 61% fib This morning early remark. We saw a retracement from the 50% fib and in was list. I said let's look for a short So over here bearish plan this morning. This is a 730 New York time on trendline break look to trade will explain also what we saw using book map and I was looking for three different patterns What I like over here is that we had this trendline break on the big caps I used this generally on the hourly chart or a 30 minute chart More than an hourly chart. It's already than a daily chart The fact is that with the hourly chart or the 30 minutes I can see also the after hours and pre-market while with the daily chart. I cannot The trend is down futures of course helped us because for example If you look at yes all morning, this was fading so we can put over here. Yes We can see also the fellow here the jail is this morning of yes, and then if you go an interday chart We can see the patterns that we had So rejection over here around a 30 a 40. This was a pattern that we trade in the room Second rejection over here and then when once open 930 We had this poppin feel started to unwind. So the point is yes was down. I was looking at VIX. We had a dick up Over here and Then we were looking for meta We are looking also Amazon Tesla and video. So all of these the nice The nicer setup that I've seen today was a meta. Unfortunately. I missed this pop in 95 And why the 95 because I was looking for that trend line rejection. Okay, so we had the trend line rejection over here This is one of the best patterns. I like to trade so a poppin feel of that pre-market high and I was looking for this So if we can Just look few seconds over here what I have I have an NBBO, but if you don't have an NBBO You can even run on less price. It's fine Then you can see that I have the dots So you can look how the price action work. We went directly into this supply area at 95 95 that as we said Was also this trend trend line Once we had the rejection. That's the perfect level where I want to short or here simply when we break the J-Lines and you can see traders that We started to have sellers other sellers Where I entered I simply waited so I was busy in other stocks So I didn't enter on this this zone over here I started to look for this 94 94 and 20 94 area too short So exactly 938 938 here we are So we were looking for this poppin feel you can see the price got directly into this J-Lines over here Do this level then we start like dumping lower highs What I see over here is one structure that I simply like Distribution pattern so we had our Trend line distribution pattern. So we're talking about this time over here 938 exactly this point and then we simply started to fill The good point over here is that once we broke the previous low 93 50 Which was this level over here. We simply had a huge Washout you can see over here directly into the 93 and this was the level where to take partial profit So on this point at this point. We have some pivots. We had a heat map Starting over here to absorb you can see the fake breakdown right away push back up But we have a lot of buyers. So it was a Pretty slow morning for the buyers. This was a stock that was simply like dumping and then we had Another trade over here 93 80s. You can see the price Start to make higher lows over here till 10 o'clock and The point is that Bruce now will confirm basically is what we see always in the a plus setup both for long and short major rejection j-slam Major heat map over here with absorption and then right away We can see that the price cannot reclaim anymore that 93 84 end up This is really one of the setup that I love to trade Easy setup but more than that is The price action is pretty predictable And I explain you why when we have a first Wave to the downside and then a lot of traders will miss to short here We're waiting for the first pullback Pullback came and then we're looking for the for the next leg down So that is the a plus setup over here that I want to stack want to look for so perfect spot and Looking for the main failure and now I'm looking for a continuation of this trend. So we still have a good amount of selling pressure In the meantime, I'm looking at Yes Yes, just continue to dump so we have a we say a Red day on yes Market is simply down trending. So we're gonna hold and look for this unwind of course all of these setups. I shared and covered In the room while I was training what I don't like about The market this morning is that generally in Bruce knows it when we have FMC data and So on I don't really like to trade before that The market tends to be a little bit choppy This morning, I can say Tesla was we say moving pretty good Tesla was choppier. You can see that the trend Is still intact on the early chart we have this Up trend so trend is still intact over here. We're still bullish on Tesla We had also Amazon which was Share showing over here weakness In the morning, but then held that previous day low So you can see the the push into the previous resistance and then holding the previous day low Right now we're gonna wait And of course meta best stock of the day Be the non-stock mean we're talking about here stock about 300 bucks one year ago and now Around 90 93 dollars over here was yeah 385 bucks and Right now we are at 90 bucks over here. So huge dump So I'm running over here on the left the five-minute chart. So you can see my trend line breaks Another trend break over here, you can see then the major dump that is still happening on book map Love to see this and look over here traders once we break a support Then we want to see a rejection Okay, so break a support when I see a rejection. So I'm gonna see rejection 93 20 We have some support 92 20 So you can see it's time we get to a previous support area liquidity area so you can see we hear some some buying and 93 then more over here 92 90 so some orders placed. We have a small bounce, but the trend is still for downside We can Trace a trend line over here and you can see we're still bearish. So just holding the pattern One of the ways that we trade over here made up for example today So looking through short that pop as we said before so this is Andrew so good work at a point. I want to share with you to Look for those pops to short and if you look at that 94 and 50 is exactly Over here This one you see it exactly into the seat map so strategy Confirmed by the order of flow reading Okay, so both things together right now. Yes, I still continue to dump over here Target I have one. Yes will be 38 and 33 Okay, so yes target 38 and 33 So until I see yes fading Good, I'm gonna stick to meta over here short Okay, let's see we can have a possible add To our entry so over here. This Is rejecting the trend line Want to see over here a little bit of heat map. So some sellers stacked So that we can add to our position with a very low risk So still front side of the move. Let's wait to read over here short on meta See if you're gonna reject the trend line still no short yet Holding that 90 may This is our entry exactly this point for adding to the To the first setup that we had over here into the 9380 Now Bruce look over here. We have this, you know decent support 93 But what's really pretty big over here is the low of the day 92 92 52 000 So the point is if we add it and our trade is not working Then we have to know perfectly where to get out so short Add by strategy So if your average is above this level, I would use this high for trailing So maximal risk was that Um, this is the main support, you know 52 000. That's a pretty good major support low of the day So of course, we'll love to see that breakdown But in case we don't have that breakdown, we have to have a level where we can trail So locking in profits After trader will review Uh snow. I know that a lot of you were trading this We're gonna review, uh, forza. We're still short on forza. I will pronounce it to with italian name forza Okay, curl down over here you can see sellers again in so what we can do over here is Look for trail partial here and then the remaining Up here So a consideration over here tip trace your levels and your lines on your chart And it's very helpful and useful especially when you trade multiple products Or assets or stocks or futures Uh, so at the glance you can see what's the level where you will trail And then of course use your broker right away to put your trailing stop We're trying to reclaim over here There's a lack of Buyers over here. Yeah, it's slowly grinding But still no strong buyers See if this will change now starting over here to be more green and removing Some liquidity and now dumped again And this is the point. I don't see that strong buying pressure And if you see also the our stock traders Over here on your left you can see a sequence of lower highs So for now the trend over here is down We have lower lives on lower lows only in the last over here five minutes We had the same lows better here the still bearish trend Looking at hourly if you break this 92 80 We have Possibility to go to 92 60 and then I would say to the next level 92 or 91 34 Is what I'm watching for This is the best stock right now to trade besides a yes I'm gonna just share over here one thing This is our main point perfect and this over here and same exact Let's say price action We had it today on a yes They're still holding the support. There's a lot of absorption At this level 93 for who doesn't know what absorption means You can see all these big dots over here into the 93 area Absorption means that when somebody's selling somebody much bigger in this case is absorbing So is eating is buying all those shares All right And what happens over here if we have no more sellers So they're gonna be an imbalance At that point the man will be in control and of course they will push it back up Right, so it's just like a fight. We can really call like this a fight between supply and demand So sellers and buyers if you look over here The structure of this chart right now tells me that we are On a verge to find a direction very Low volume down here. Okay. This is a contraction of volume when we have this or A push back up to 93 50 now and that will simply Make a stopout trailing the money or Waiting for this level of breakdown rejection And then one line, but over here you can see we're breaking and possibly going to go to 93 50 93 50 why I say that? major reason is we have resistant level together with jlands v-wap and order flow confirming Somebody over here is absorbing as well in 350. All right, so pretty predictable price section over here You know once we break that we're going to go to the next level next level we find liquidity So now we're going to wait for a setup a strategy into this area This is one of the small caps that we traded today The read on bookmark was simply I would say easy I think almost all room traded this Analyze over here all this zone Major sure we got at this point On a fake out level And this is a pattern of fake breakout over here that I call j slim so we can see The major clear out over here of 270 major breakout Right away. They slammed down And we can see over here the price action. So break of that level 268 267 Into that liquidity So look how this is all like Pretty easy to spot And when I say this means I recorded the entire session and share my charts In front of a room with my executions. So it's what we traded And we shorted on this I shorted this point over here and I was risking 275 Why possible main fake out And we were expecting this because it's a very manipulated small cap company and they have this kind of price action We've seen like I think 1000 stocks doing the same thing in the last years And once over here the bulls are trapped because this is a major bull trap Then we have our fader And our fader that we can see over here. This is our bull trap We see over here just simply Sweeping over here So a lot of stocks a lot of sodium stock traders in this case buyers Are putting their stop losses over here. They're getting stopped stop stop stop stop and major washout The good point out of this Wait always for bull trap if you want to short this marketing smoke I planned Actually, we had the same setup also on meta And the second thing Twitter is the volume analyze the volume So we like somebody interacts over here with me If you are Twitter's like following us on discord or youtube You can put on the description the chat But over here, you can see the distinction from the front side With high volume and then the backside after the major fake breakout bull trap Low volume down here So once we have longs that are basically trapped All right from here We don't have any more like buyers over here trying to hold this up and this is simply dumping Now what I'm doing is not that I'm not going to focus over here anymore in the stock We're still holding this so I will after Put also the chart again in the room and also in discord But over here we have our fail And then we have a lower high lower high. So just like fading Reason to hold the trade I'm not going to cover anymore and looking for my main targets And I will use at this point only book map to read the price section. I don't even need To look at the chart Just the price section So I'm posting over here So Cij always saying CNBC talking about to talk and push meta Well, I don't believe too much of that a more technical trader So I'm more following over here at the price section looking more for yes as a guide and made the following So thanks for the update but You know, I don't really look, you know for reddit or all of this But you know, when you have like an alert, please always reach out That's I would say something very important that I always like Especially to know about chat pumps So over here traded. This is just like a simple feeder. Then this morning we had snow We traded this Short we had a good pre-market It was highly manipulated pre-market So I'm not going to repeat all the process that we had in pre-market, but I just want to share over here This So this is the pre-market phase put less price. Okay So if you look at this pattern traders, we had over here a three-way pattern Also called it in shoulders Into a major daily resistance And I was watching this price section This price section is this the neckline So we shorted Into this area with this risk and we got all this And then you can see no volume, right? And then the high volume came drastically So we got some short over here cover And then we got the last short over here in the major fake out. This is an extension high of day for our easy fader This happening to 10 10 o'clock and I was saying exactly this Uh Market maker fake outs Trap of beer then reclaim support eitherly push to 330 for fake out then big dump. This is what we are watching for Okay, we're talking about snow the manipulation This is said in 901 actually sorry 10 0 1 So exactly this point over here. This is 10 0 1 So three minutes before that fake clear out exactly here. So I alerted here And we traded short here So three minutes before having that pattern I alerted the room to look for that 330 too short The point is it's predictable very easy price section Uh bookmail gave me the timing And I was running this screen share in it This is our main point that when you see a small cap low floater Which has though a history of dumping on day one because this is a stock trader that had seven gaps in the past And seven times close below the open So what i'm looking for is only to short at that level Major fake out of here 330 Bookmap simply Very easy to read it very easy over here fake out Short this is where we took the short and we held it until down here Now we took our trade. We don't really care if this will go all the way down Or take out of the trades. We already took it. It's fine Now the jailers are doing a job. I mean Everybody I hope right now knows how these work great And uh no more point over here for me to trade it Unless another major fake error of 333 and then holding the trade so this Is the price action today of snow, but let's go back on meta So if you're not still profitable I suggest you study because this market is not hard to trade If you know the correct setups and if you know to read or the flow like, uh, we did this morning so over here Let's see if i'm gonna have a Rejection to short Yes, it's doing the same exact pattern, sorry Same exact pattern over here That's a stuff. So this is our short exactly here 93 30 93 40 With a risk at 93 50. So 93 40 over here on meta Is a short with tight risk With 15 cents of risk. Okay. So why i'm saying this take out the vweb Jlan rejection nice absorption Okay, so that's exactly the timing of our entry and then boom. That's a wash already take your profit. You are too are in Got it traders beautiful And very very easy easy stuff Looking for the the major over here Uh dump Book map work perfectly. That's the fake out that bruce Knows that I love and then we have our trend line break This 93 40 93 35 you take your trade first low This is the previous support that we were looking remember us when we said this is the support where we're gonna trill So cover half put a stop break even hold the rest and we're gonna look for the undermine Yeah, it's tough very, you know, precise methodical and The only three things you need to know is how to read the chart How to place your uh, let's say trade. So, you know, you have to be fast with your executions And then of course you have to know the order of flow I I told one thing this morning with the traders in the room And uh, I'm gonna repeat it more than one time Uh, we had the perfect timing for the entries because we used book map For example, this was an example of amazon short Thanks to book map and the price action together Yeah, I mean, uh, there's your edge right in front of you. Um first off your experience with this setup is You know In depth and profound. I mean, you've been doing it for a long time. You know exactly what it looks like Uh, especially with these large caps You have your higher time frame you have your setup now you're looking at the order flow You have uh confirmation there on the stuff in the order flow You're looking to get short and you're looking to take some off And ride the rest Exactly. This is for example bruce, uh, a young trader So I just want to share with you, you know the work that some traders are doing You see the first thing they do is they're looking at the price action on book map A lot of traders came to me and told me I thought it's difficult. It's such difficult to read the price action No, it's not difficult. It takes just a little bit, you know, like of willpower and studying videos What we've been making over the years the educational library and book map And then, you know, this is a young trader. So it's not trading a lot of size, but you can see It took a beautiful short Partial cover using exactly what we just said. So that's the correct process that, you know, young trader should have Now For who was looking over here for trade. Remember before we said that we had the big support 92 92 They're breaking it down. So our little trade with 15 cents risk Now it's going for at least for our return Major support good cover another one fourth and now we are only holding one four But that's fine because we already have for our return on this one So meta perfect example of trading And we're going to look for this on why now bruce breaking that remember we had 52 000 over here 51 000 support Simply clear out over here. They they simply dumped it Now if we break this slow and we reject my friend prepare to see 92 60 and then 92 And that's that's the power of using all this together Now, let's see. We always have to think Where's our risk? Okay. So in this case, I would use a relative high 93 actually is not a relative high. It's a previous major support. It's a pivot And also here I see that we had this big absorption. So our trailing would be 93 our entry 93 40 93 35 our next target 92 60 Then 92 They're trying to push over here so Let's see Rejection from that 93 Just the pivot area Sellers jumping in Now we know that if we break this 93 to the upside exactly at pivot here We're going to have our trailing There's always a possibility. We're going to push to the 90 may and then fake and go down But you know, we're going to be conservative luck in profits if that's necessary We're using that 93 05 over here pivot More than pivot what I like previous demand zone now becoming supply area What I see on book map We're going to bring this down Just like I believe I can drag it Bruce can I actually drag these? No, right? Drag what? Um, the line. Yeah, I mean you have to you have to right click on it and then enter Yeah, one or the other Now click on it again and you see the little handle there. There's oh, yeah, there you go Oh, beautiful. Thank you This saved me a lot of time And I think they're gonna try to push it back up again This looks like a fake breakdown bear trap over here. Yep. That's the trailing and then if it comes down We cannot do anything about it. You know, we can look to re-enter later Now came this 93 10, but I was simply thrilled this 9306 right now Just look over here. This is a nice engulfing pattern Almost an engulfing should have closed above this high of 93 but for now This is a fake breakdown And we call these fake breakdowns Bear traps. Okay bear traps Let's wait. Of course if somebody has average From here with these ads You can risk even a little bit higher 93 15 and 3 20 and maybe use this 93 10 as heat map I would say as main reference um Good read today On on this big cap They said we love to see the trend This is also trend following Right now. Yes, it's trying to bounce. So possibly yes We'll go to this level of v-wap because it's breaking over here the previous high If confirms of here the breakout of 38 50 Then we're gonna have 38 55 38 56 And this will mean a lot for meta because if we break this 38 50 and close above Then also made that will push above 93 and 10 So let's start looking at this so you can see if you scalp let's say just like using these Heat maps over here this liquidity area How perfect it works even if you take your 10 15 cents and then put the stop break even So a lot of traders are using minimal risk. So they're scalping and these are perfect levels to enter He has to still there still didn't close above the 50 And you can see the price over here a little bit lateral Again trace your levels and your lines on your chart Do it It's really helpful, especially if you're a newbie that you want to learn more heat maps over here So there's a big chance over here if we curl down right now below 93 that this will dump Start watching traders if we can break this 93 right now But everything as I said depends also from yes over here, which is pulling back to that previous resistance 38 50 If it breaks, I said 93 instead we can have a dump. He has to do the same exact thing So we're gonna go to the lows over here But in this case we have this is just to consider We have as I said if we're short From this area 93 and 40 93 36 35 This was a correct trail Above that 93 so above this demand area That we saw At 1025 of course this the demand area becomes a supply area If you had a higher average Go to risk as we said 93 10, which is that a recent heat map In this case, yes seems like curling back down again. I'm looking at the last part over here If yes can have this trend line break And fill more Of course made the will fill and we said this morning Uh, yes target will be 38 35 We're putting some liquid over here at 93 so careful If you see this chipping So we start eating over here 93 10 That's a good reason to get out entirely There we are Now what we're going to look for Again Level up here But we have to consider two things that in the last 90 minutes the price has been sideways Same support Lower highs but sideways action We have some movement on frza So we're talking about Small cap over here. Let's review some stats We have a seven-minute flow. So a very small float Uh a decent amount of volume per market because we're talking about a seven-minute volume Want to know more about this company and receive 50 electric boat reservations in the last 90 days Potentially resulting over 8.5 million in revenue. So basically it's a contract winner Uh and also we had over here Yesterday X1 begins water testing phase with its electric boat. So now electric vehicle, you know, it's now it's very popular the electric sector Especially over here now in in europe The cost of the trees it went up like more than 300 I just want to check financially over here. We have nothing because a recent IPO history probably oh, we have two days where Uh where we had like some volume 712 and 34 You can see the high of day was 1007 But uh volume was uh Actually 35 models. So it was still good. So we had uh An extension above that pre-market eye and rejection And even here we had a fader with 1007 average high of day Which was this day over here So looking at today forza We had a high of day 1003 Okay, so the funny thing is forza three times Basically the market makers really love it three times two times three times faded with average High of day time Let's say make average 1005. Okay. So two times fader 1007 one time faded with a high of day 1004 That's the reason why stats are really I would say important And the Saturday we had over here Was the Saturday we had the last time So nothing new you see it's always the same exact pattern that eventually we trade over here In the and was this one In the uh small cap plan So very different price section very different manipulation Very different work from the market makers And the all goes on small caps versus big caps or even versus futures Hope this is clear, but that's really What do we have to look for? and right now We are below the pre-market high We are below the pre the open level We're going to look for 250 fake out for a short For an ad short With a risk of five cents But that's that Bruce is beautiful So I'm sorry say say again. What was the the stat there on the the um I'll look over here bruce. We had two gaps in the past 2022 and the average high the high of day sorry the high of day was 1007 Both times today 1004. I mean 1003. Pardon. How can you be so much predictable? So Next time we'll probably have it. I know maybe we're going to be 1005 So maybe we'll trap everybody and we'll like simply go all the way up But that's I mean, that's very very funny 1007 1007 1003 Come on Yeah, yeah, I mean this is uh knowing what you're trading um and um And you know that this fits into the way that you have been trading for quite a while With the some of these small caps Now you have data to back it up to give you that kind of um Even more confidence In your trade Exactly my friend So we're going to look right now for that fake out. I see the level over here of heat map That's my Vweb also, that's the Vwebs are not mine So we're going to look for if we can push into this area of liquidity Have a push into the Vweb if we can reject the Vweb that would be a good add risking just five cents So we're going to stay with this right now I may have to for now not giving setups So we're going to wait a little bit. I'm just watching over here book map nothing else They're trying over here to possibly bounce now from the Jlan so from that 238 No short over here No short that I really like I need to see that Vweb rejection. So for me, this is not a short even though We can see it came to the Zone where they build some liquidity as support and then they start dumping Yes, we're holding the short but to add I want to see the push in that supply area and that 250 over here was perfect possibly then have like enough over here I would say Then I have like enough momentum enough liquidity enough volume to push it back up. So let's wait They'll try to hold the J lines So we're gonna view look at tesla Okay, possibly curl and still push over there. So wait a little bit Nothing. Let's look at tesla. This is not moving properly But as of this morning We're gonna put the early chart It's on a major support as we said We have an uptrend in the last weeks I started over here from the 1024 um I started personally a swing into this year of 207 because this is If you know me a big demand zone and I was looking for that bounce Reclaim of J lands pushed upside Until we're gonna hold traders This 232 223 224 we're gonna hold over here the trend line. I'm so like long bias So no major I would say swing short or actually in the position In intraday, we had a morning dip Push to 228 back down to 224 223 is a level of Main demand if you look first of all on book map We have major support this 223 and even more 222 223 is also a pivot over here Should be a an s1 Probably it's an s1. Yeah, of course um We had a bounce but very choppy For about one hour an hour and a half So I didn't take any trade over here As I said, I'm respecting my plan. I'm a speck of my strategy. So even if I will miss this trade, it's fine Now they're looking to break the support 223 Uh, the good point bruce on this tesla And I want to share now one thing When I say it's predictable bruce means this. Okay, so let's look together And you will give me also your Your thoughts over here not this but Okay So this is an example from sorry. This is an example from A trader that i'm helping But a point is this was a yesterday tesla. So bruce if you have over here two seconds. Let's look together Uh, we have the major push yesterday to this area. You can see this number one 221 right 229 I will put some zoom And this were also all traded out there that are like following So tesla over here bounced. This was the first of november and got into this level over here of resistance forming Almost an engulfing bearish This 229 area that we can see over here Had a massive heat map just this 229. You can see over here heat map and then starting to for a rejection So we had eventually a trendline break and then eventually another trendline break and unwind Well, if we look at the same price section today Tesla we can put over here a five minute chart Had a push Into that area of 228 yesterday 229 big heat map Giving you the fail follow through over here. So the same setup For the shore side Of course, I didn't think this Was not on my One of my first three candidates today to trade, but I mean it's important to observe these things how the same stock Repeats the same pattern over and over and over yesterday and the same one today Yeah, this is really good content, uh, joseph Uh, and it's exactly what we've been Trying to well and have been Uh Articulating or displaying or creating content around uh for years Um that what you can see on book map you cannot see on the other charts Uh, that's where it gives you an edge Uh, and people read about engulfing Um patterns and you know, oh well, I should short it because it's engulfing Understand what's behind alone alone has no problem. It has no merit until you understand the volume and the liquidity within it Now you have something because it could just be a pullback and a continuation Um, you know somehow, uh like a breakout an engulfing a pullback and continuation In this case, uh, you know, you looked at it. You looked at the order flow. Uh, you knew you had something Uh, so this is perfect And the point is that you know, it's not something we see today and never happen. I just share The same example yesterday same exact pattern the previous day So what you have to do only study the patterns track You can see over here really top tick into that high liquidity And it's a pretty big high liquidity because over here we have something like, uh, I believe all together Yeah, maybe 40 000 so some good kind of liquidity And the same thing yesterday So you have an edge in this case This is a beautiful effect. Then you know, I didn't trade this today Uh, I know some of the traders I I ment her they only trade tesla because it's a beautiful Uh strategy, uh, but didn't trade so cannot share charts on this. I don't have them But I wanted to share the point over here of a way to use book map to take that top to short that top in this case And again, go check yesterday And you will see the same exact pattern. So this is really A good point Yeah, exactly. I mean and and and that it repeats. It's not just not once. Um, it's it happens all the time Uh, so understanding the order flow at these higher time frame levels Uh, is essential, uh, if you want it if you want a higher probability outcome Exactly and yesterday bruce basically the same push Over here into that, uh, high liquidity area. This is the number one. This is tesla 229 Heat map over here stack at 229 so you can see through this big red level And you can see every single time the buyers of here try to go break it. They cannot And then of course we start seeing over here also some trend line break on picture number two and this is yesterday and This is today when we have that push into the first Minutes out of the gate first 20 minutes out of the gate same like yesterday In this case yesterday was 229 today is 228 Big level of resistance so shorting with Knowing that the pattern exists because it happened previously And having a tight risk is just what you have to focus on Then even if it works, you know only for 30 40 cents and goes to break even you have a minimum risk Yeah, and and this one here. Well, I don't know what it looks like on the I guess there you have it on the higher time frame on the left, but like just a double top In the order flow and look at the double top order flow first leg into high liquidity Uh, and then it comes down and you see lots of selling at the bottom there in the trough Yeah, lots of selling and then it comes back up in trades and you don't even make a higher high. You're making a lower high You're not finding I mean you're finding some buyers up there It's true But look at the liquidity that comes in and look at the reaction to that liquidity The second when it pulled and added lower there. Yeah And you're finding more sellers it should Test down to that 226 and a half You know just to that liquidity takes them off manage your trade. I mean I I'm just looking at and going through the process. I I know you have your own process But these are just such simple things to consider Exactly the same process you're talking about is this on meta Uh using the same exact strategy We just explained before So remember when we are looking for that 10 47 fake out. This is not my trade Is of one of my students, but you can see the level that we call before short 93 40 The trader took it And he managed it until this 92 60 So very beautiful over here read Uh the reason why He shorted as we said before so you can you can spot these traders is the high liquidity above So the trader the worst thing he will have like 15 cents risk Now assuming that each trade over here actually is 30 percent I mean this trader took at least like a 70 80 cents. So it took like 5 6 r average That's not a bad trade for the day Only following a vweb projection Knowing how to read the price section knowing how to read the order of flow Looking for that big heat map absorption a tight risk above and then looking for is 5 6 7 r Whatever they were and that's a very beautiful trade over here very beautiful trade Yeah, great great stuff Very beautiful trade over here and this is really I think that this picture Uh resembles over here summarizes what we use in this case to short Uh big caps. It's all here. This is meta This is our price section over here really this is crazy Crazy easy We even call it, you know live in that exact moment that this happened. So not when the price was over here And that is your tesis downtrend Already done trending five minutes on trending one minute on trending. Yes done trending. Of course. Yes over here Was having a push as well Good meta gave us a push as well into liquidity area with a lot of sellers above here stabbed Good point to enter short very beautiful trade over here. So we'll put up over here two points And over here we have I would say the absorption Deliquidity as risk And also the timing of here the entry which is a double top, which is beautiful. So we can put over here Uh first absorption Absorption We have over here the liquidity stacked that also This is our risk. Okay. So this is our last risk And this is the timing of entry And in this case, you can see the timing of entry By this was uh diaries. I think so beautiful beautiful work and uh With a heat map you can see a lot of these things traders and Amazing amazing amazing work over here Perfect perfect perfect work. Well done. Yeah, great stuff Yeah, it might be a good good note to wrap it up on uh, joseph. I don't know what you think If you had anything else you wanted to go over No, I think we cover, you know a lot of setups a lot of patterns Uh, you have anything to add over here bruce or we have any questions No, I mean that just beautifully sums it up in in my opinion like um, you went over some great stuff today Very simple straightforward very articulate And they worked out beautifully too. Uh, just um You can't ask for more Yeah, I think we did a good job, buddy. Yeah, all right traders. So Reach out to bruce or me if you have any questions. Uh, we'll see you next week Study really you can become a good trader only if you study if you really apply yourself and uh As we said me and bruce it takes time to become a good trader. Okay. So if you have like fails, don't give up Who feels in this job is who gives up? That's the only person who feel so study work And uh, be consistent. Good luck Thank you joseph