 All right. Good morning traders and welcome to the book map live trading webinar today with J trader stocks trader. We do this every Wednesday at 10 a.m. How can you see what's happening? And we are J trader he comes in he comes in a little bit later So around 1015 maybe maybe earlier that you last week came in at 10 So we'll look for him soon in the meantime. We'll go over the SMP. We'll jump right in Let me just go through some Disclosures here and then what we'll take a look at that S&P and then get dive into the stocks with J trader All right, he will be trading live in here, but it is in demo mode I'll put J traders contact information in here if you want to reach out to him He offers education and mentorship And let's go through the disclosures general disclosure and this is important All book map 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 All right risk disclosure Trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors an investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results All right, let's jump in let's take a look here We'll look at the S&P. I also want to just look at crypto saw something really interesting in there this morning Wow, what's going on in here? Well, what do you think? CPI data right at 830 to look at we knew this was going to be a big event the markets are very Skittish right now to any inflation data and you can see the dramatic move down into through 4,000 liquidity here All the way down to Let's see. It's about 3950 or so and then look at the bounce backup Okay, 4,000 was an area where it it did test Traded into that high liquidity Started to pull back. We found more buyers in here and look at this nice flip of the order book here basically You can kind of see it here more Sellers on the offer here It looks like they transact but the good buyers come in and throw a lot of orders underneath here Finding more buyers. We trade up to high liquidity here at 4025 or so Okay, so that's the dynamic that's going on right now And we have come all the way back up have not gotten above though Where it dropped from here at 830 So that's kind of curious and interesting here See if we can get back up into this area here before the the news event And hunt some some stops in there because a lot of people are going to be short Okay, so we're going to be looking for that as a potential scenario in here and it's already In play here. Basically, you can see the buyers coming in above 4,000 And then they are supporting it here underneath here now they pulled here You can see there's some here though just above Coming into the market right now all right So let's uh, let's let me jump over to crypto. I want to show you this. This was really interesting. I thought this is a Binance futures. I thought it showed it pretty well Binance futures, you know, it's a little different than your spot crypto exchanges It's leveraged and you'll see look at this, you know before the 830 event here Um These queuing algos staying in the queue kind of following hovering price from a distance And then look what happened here at 830 They're out, right? They don't want to be In the market any longer. There's risk there. They don't know what the numbers are going to be Where did it trade right down to high liquidity here at 30,000? continued on high liquidity comes into the market down here We don't even get to it though. All right, this is around 28 800 or so and we can see a beautiful bounce here now Curiously enough This already has tested back to where it dropped from here before the news All right, and it looks like it's going to go forward again here So we have some crypto traders interested in here and they pulled a lot of liquidity here at just around 32,000 a little bit above it And let's just zoom in here and see Yeah, you can see where they pulled it here Uh, and I'm looking for these traders to trade right back up to it Okay, so here here's some buyers already. They're above this little range here Now what we need to see is more buyers coming in here. Let's uh get a little more realistic here about this and look at a range and start to figure out like You know within the range. What's that uh buying and selling look like here? Okay, so we have kind of a Upward trending slope here And we're looking to see if we get more buyers up here So we'd look for like pull backs into some of these areas here is pulling back to this area here 34 or 31 400 Okay, that is an area of importance Here's why Okay, this swing and acceptance above it And let's see if we get more buyers come in here if we get some sellers below it I'd look for them to test down to our trend line here and we have a beautiful kind of um You know high volume node in here or you know bottom of the range in here So somewhere around 31 200 to you know 31 50 or something like that 31 150 So, uh, that's what we'd be looking for these buyers to come in And so I don't see anything right now a little bit of selling coming in right now below our little line that we just put in at 400 And so let's see if they might might bring it back down to them This 200 level one 150 to 200 Looks like they're gonna looks like they're kind of going for it. We see these guys lining up already at 200 here as you can see Okay, so we're just about there at 200 all right Now let's see if we get some buyers coming in here Or sellers. Okay. I mean if we're looking for sellers then we're looking for the bottom of this range here around this um 31 50 150 or so A little bit a little bit below it There they go Okay, so now they've tested it Okay, going through it. All right. So now we're looking for another scenario here and it is Above this line here around our 140 150 level. Do we get buyers above it? This is a false breakdown and then we're looking for a short squeeze whereas are these sellers for real like we're going to just see the Uh continuation in here to the downside Okay, so we're hovering out our line here. No insight at the moment here kind of tense here Waiting for some sort of insight here Okay, let's see what they happen to see the reaction to that liquidity at 100 right there Sold off looking for more sellers then to see if they can try to reach back down to 900 or 800 here It looks like the reaction to this liquidity this more supply here was sellers Okay, so that scenario once we got down here and got a little more clarity. We're looking for it to sell off Okay, it was this liquidity and reaction to it that helped us Make that that clarity or give that clarity and make that decision So here we are down at this area here. There there was liquidity in here before around this 800 And we should see a little bit of a bounce in here Good morning, Bruce. Good morning, Joseph. How are you? Great Great morning. Good morning everybody. Good morning book map traders. All right, so Joseph if you can Share your screen in here All right in the advanced webinar area Okay, let me know Bruce if you can see my monitor with book map Yes, and let me pop that out and put that in here All right, so everyone should be able to see J traders uh desktop Yeah, there we go All right, looks like you're good to go Perfect. Thank you guys so Before making a recap of the market I want to go over here A stock that is up trending right now we're talking about Stock with 60 million six million volume traded Uh, it's also a small cap because this is a Micro flow company We have a 3.44 A million of flow. So that's extremely low We have a very low also institution ownership. We're talking about a 3 percent And market cap is only 56 million In this case I'm observing over here the Price section that we can see on book map and you can see that the majority of the the traders over here were simply buying right so we had like a six dollar reclaim And I came extended to a 675. So after daily breakout Now I'm looking if we're going to have a fake out. So a close Below that daily level Uh, the daily level is a 650. So I'm looking exactly this price over here Let's see if we're going to close below You can see on the daily this is a stock that simply passed from Around 60 bucks. I'm talking 60 buck traders in the last month to three bucks All right Now it's gapping in the last few days because a lot of traders what happened They're going to think this is a discount. So they're going to try over here to buy And and hold because they think wow For what 16 now it's three dollars or five bucks and a half this morning. So this is discount and let's buy something over here Now I'm not sure over here because I don't have bars. Unfortunately this morning on this one But I I wanted to go over the the price section that we had I'm gonna Okay, I'm gonna use this this chart Actually this over here the one minute All right, so we can see traders The the volume over here is not that high. So for a six dollar stock we're trading an average of 250k per minute That's a small amount of volume. So and a stock like this what I'm waiting for I'm waiting for a level And on that level I want to see a stuff Could be the reclaim of the previous high or it can be a lower high stuff, right? So I'm looking for that and ideally I'm looking for the feeder I'm looking the 650 as I said before because it's this daily resistance So it's an important aspect in my trade looking for those daily levels Let's look together at What other possible resistances we may have so one would be over here at the $10 area One over here at the 712 And then this one over here at the 650 so Let's put a For our chart Think we can see definitely even better. This is the price action right now So that's the support we're seeing right here from the gap That's the Sorry the resistance Now we see another is in 712 and another one over here that it's just testing it right now this 650 yeah, the The ask is a little bit like stack With not that huge amount of size, but we still have like between 665 and 680 Some good amount of sellers We feel the support 630 We have a micro consolidation I think we're gonna see some Good sellers over here On the tape So what I'm adding over here Is times in sales We're gonna filter minimum size just put like for today one of the shares right remember if we fail The 630 we're gonna have a probably a wash. There we are. So it's breaking the 630 I'm selling Something stopped over here They're reclaiming the 630 and you can see traders they put back some Buy over here Now when we have these fake breakdowns remember one thing If you have a fake breakdown like happening right now in an uptrend This is often a good area We're long traders right so buyers will stop out George will start like to Get in a position And if we reclaim and I will see over here some good amount of volume Then on a trend line break And a curl I will look too long for the upside Right now. I don't have that liquidity that we had for example before So I'm simply waiting sideways side lines Testing again that's 630 breaking down. You can see over here. They're passing Some liquidity boom again absorbed two times over here. Somebody is absorbing into the 620. So I said this morning We're gonna look together at the manipulation How to read the volume how to read or the flow to understand How to trade stocks small caps and big caps And over here, this is a perfect scenario for stock that is uptrending micro flow flow rotation That is basically showing traders Over here. I use amount of Of volume, but I also use amount of manipulation So fake breakdown boom pushed it upside Now 650 so we had the trend line break over here We're gonna see increase of momentum over here, right? So we have a first wave a second wave a third wave over here possibly formation of fourth one We need to see over here a higher high And also volume increasing 655 what I'm watching is this trend break Again, I'm not buying traders over here. We need to buy to a support Ideally the vweb is where I was watching for a buy Or the j lines or simply shorting a big stuff as I said before or parabolic this morning. I traded mainly tesla or a good short We'll review then tesla Morning open short So a nice pattern over here We can lower highs lower highs. So we're waiting for this and this When I see a consolidation over here for longing that dip we're starting to print green 655 Now in order to have a break over here of 660 we need a massive volume So we need more buyers to come in There we are at 660 So this can push to the highs over here. So look this 675 Always careful because at these levels over here if we touch this pre market previous high, we can have a stuff So a fast wash Yeah, some liquid over here stack at 670 73 You can put this as our guide Careful in case of stuffs They're still trying to hold it. You can see liquidity coming. So green careful now We close below If it comes away if we have a break over here of 660 another wash coming I'm not long. I'm not I still didn't take a position this morning on bwv The only tree was apple in tesla buyer 670 has been absorbed over here. So somebody sold 20 000 So we have some big sellers up here probably The morning buyers over here. They found out some good liquidity to dump into support 660 went away more sellers the next level 712 Also, we can put up trend line over here. Okay This is our up trend line. This is our break out over here. That's stuff Until we hold this trend line until the zone over here is green This is still for the upside still front side of the move already traded almost nine million volume So remember the float was around three million So almost three times flow rotation This is stock I traded in the previous days Okay, what I like traders over here is these sellers that we have 53 Also over here now 55 66 72 And they're trying to break this trend line They're refilling over here the 53 more If you break the 48 prepare for the wash This is the level that I'm watching Exactly this so they're buying over here just on the trend line, right? That is the level that I'm watching No more support below 650 650 2 I was watching for Uh also a volume divergence pattern, but we don't have it over here I'm going to try and look at five minutes are All right, so we can have a first Volume divergence over here this bar so you can see two higher highs, right? From the bar at 1010 in the bar at 1020 So higher highs Lower highs in the volume So when I have this pattern I'm looking for A breakdown And then a secondary pop And then taking the short in this area So this is what I'm looking for volume divergence, right? over here, so Price is increasing so we have like a runner or grinder And the volume is decreasing so means that we're going to become exhausted on that move Now doesn't mean it's going to reverse all the way down, but we have good chances for a big pullback So first trend line break Go back to the one-minute chart that I like to keep, you know more than one chart together So analyze what happens on the one of the five minutes. You can see over here sellers, right? Um, you don't need to put your trend lines It's just easier And uh personally what I prefer to do I like to put my trend lines a trend line, sorry In in book map and look over here fantastic break, right? Just very easy stuff Very easy stuff. Then I will show you how we took the same thing on on tesla Now when you see this remember we have a manipulation which is at three times the flow rotation Uh, we had both sides manipulated Sides manipulated And for a lot of you that you are not familiar with manipulation. What is basically so imagine that Your plan Is to Is to trap traders you are a marker maker yourself So what are you going to do if you want to trap long traders? You know, you're going to create an environment Where you will make visible A breakout to everybody and you will make it believe that it's so simple to trade it So everybody over here Is buying right breakout traders. They're looking for this to push And it doesn't mean that eventually the stock doesn't go up because you can see eventually it goes The stock doesn't go up when we have a breakout The stock goes up when we have for example a dip That's the time that you want to enter this Or over here like we said and we analyzed before two fake breakdowns And then over here we had what? Another breakdown, but the same time we had also fake breakout So both sides We have manipulation here here Here twice here and here Now if you look at These patterns on many of the small cap trades A small cap stock that we take we see the same kind of manipulation, right? So what I suggest is to screen share it To save it and to study it Reclaim again the 550 Put that on the stock. We don't have shorts At least personally. I don't have Bars, so if you are curious to know Each of These dips over here We're basically we stall, right? You can simply put 20 EMA on the on the one minute chart, right? You will see that So if he has to continue to move in this way We're going to pull up soon tesla. Let's just give it like Still 10 50 minutes Now the best shorts or best longs that I take are based on two main factors One we need the Char pattern Char pattern that could be From a char pattern, let's say like a double bottom or double top Plus an important level This level could be a daily support or a daily resistance or a pivot, right? Or in today important level And then I also need to see that liquidity Um An example We can put up this an example just to explain One second. Uh, you should be able to To view now my screen So when I'm looking for you, this is tesla, right? Is my I would say the stock that I traded the most in 2021 2022 Before has been Apple and netflix So when I see this Right, so when I see a first main First of all, this is an absorption And then they start dumping over here The second time that the scenario will represent You can see that we don't reject immediately, but we have a fake out This is my stuff So a fast push Fake out right away rejection. So that's the reason why I was saying before If you are a market maker, you will look the ideal price. We're two trap traders So you're not going to do it over here You're going to do it at a certain limit. All right. So this is an extreme It's an extreme into the high of the day. I don't remember now if this was also daily resistance Uh, and then right away we had the dump So I can just see over here, even if we don't have the, you know, the dots in a big way That the first part of our chart over here for our move I would say that we have the majority of buyers. Look those blue, right? So we have the majority of bitters buyers So the majority of the net and then at a certain point are starting seeing over here the majority of sellers Especially sellers that on the breakdown, they are dumping So in about over here five minutes because this happens in In five minutes this shift from over here to here, right? 15 minutes We have really the shift between a demand and supply Once you know this Your trading will improve so much You can't recognize this. Good. You'll make money Let's go back to our setup over here on BWB So now it's 1037 almost 1038 what I do I run my scanners during the day. So Uh, it doesn't matter which scanner whatever you want. I start looking for movers. I start looking for news I start looking in this case for stocks. There are a gap in extending above 15 percent So I will go over here to my filters And I will change this to 15 percent. I use 20 for the pre-market And where did it go? All right, so I'm gonna just put over here this so in the meantime that we're trading Also, I'm gonna put a volume over here. I want to see at least 300k, right? I'm gonna see a little bit of liquidity So we have a fi it's a 29 cent Not really looking at that BWB is the one we're watching track Um, it's not that volatile. We have just about 700k so we'll check this is nice stock So let's check one second Track right nothing just just looks like a buyout So I want to double check the news track down here So Private to the here 981 surely. Okay, so it won't really move definitely agreement to be a choir so acquisition Let's leave it YBWB is up. Always read your news So blue water vast scenes oscar hell top healthcare gainers in ovio So let's see Seeking alpha what they're saying Yeah, no really news But I believe that is the point that we lost so much previously And now we're finding like on the daily Some some dip buyers Right, let's go back to VWB And I mean this is really exciting Because it's been holding over here this area all morning. You can see this up trend line, right now we can even Put a second trend line this one is breaking out Volume is increasing you can see over here breakout. Let's look at this for this pride over here 683 malware. Yeah And now just that a glance what I'm starting to look over here Or we're gonna have this uh Zone where I want to buy or this way I want to buy But at the same time I'll start looking for a possible Rewave pattern, right? So this is a pattern that I like to trade But that I won't be trading until I don't have a trend line break and a rejection over here But I don't want to enter in the front side of the move unless I have this Main stuff or a parabolic moving to that daily resistance right now 750 You can see over here. It's time. We get really to those top levels. Just look over here traders, right? It's time. We get to that top level 675 680. Look the dump that we have Why I believe that More than sure sellers We have some Holder over here Maybe some big trader or some big I would say Hand like I like to call it That is waiting each time for those pushes to dump partial office office position Maybe there's even one more than one player because you know the volume is pretty big almost 11 million And it's not even 11 o'clock So I believe that each time we see over here some kind of good liquidity So somebody's buying at the same time we have the the seller And I wouldn't be surprised So let's try to be a little bit more attentive If we have also him or them depends if it's more than one spoofing a little bit So trying to over here hold the price up Not to make it go down Maybe even like collecting a little bit more in these fake breakdowns and then for pushing it back up So these are the things that In a second moment when you start like reading very good order of flow When you start seeing like who is in control supply demand the patterns You have to look for it So not only order of the flow, but also order of the flow together with the manipulation In order to understand how the price action moves and how the big hands will try to trap you Okay, I'm still holding over here making still higher lows, but lower highs So when I see that instantly I know that we have a contraction right So this leads to or a big push or a big dump Again support over here around 640 650 Start watching this Main jay lines over here are 620 They just don't want to make it like fail over here They just don't want to make it fail So support at 640 Careful traders breakdown coming Possible wash again to the 630 D-wap over here. Look at the times in sales. Let's start seeing a little bit more sellers fully for Look at that 640 We have this Important support 640 642 As I still much fading Yeah Bounce again 655 green again They simply don't want to make it die So Netflix has pretty sidelines Apple is pretty sidelines NVIDIA sidelines We have to wait I'm waiting traders for on the big caps right now Once BWV is done. We're going to go over possibly tesla and apple Just want to explain you how this morning Uh the way that I read bookmark was so clear for a trader for the trade. All right, so clear So that you know next time you can I don't say trade right away lie But do your practicing demo start practicing first Experiment see if you're able to do it recognize it And also one suggestion is record your screen Record your times and sales A book map over here You can shift parameters and I invite you if you need help to write me in dm On on discord. I will help you Also Put up one or a five minutes heart or three minutes the one you're more comfortable Try to record the screen And rewatch it now. You don't need to rewatch seven hours And you know price actually really doesn't move But look those moments where we have reversal bounces phase big orders Big sellers buyers and so on right those are the moments that you have to focus what happened on the tape How was bookmark that I see a big seller? It was a sold that we have a clear pattern all of this right And I guarantee you That it will really help you in becoming a better trader Again 640 remember we're saying before support break 640 possible watch the v-web There we are watch the 630 Now look the sellers over here. So we have some decent one. There we are 620 There we are six Now careful because often what they could do Wash fast reclaim v-web been pushed to the upside We're now they're starting to hold over here. This is the sweep indicator So you can see instant rip to downside Sweeping indicator coming up Now we're holding below vweb. But often remember We can have like a reversal fast over here. So good play Again, don't have the bars on this but good play analyzing this right Another seller over here Just below vweb And I'm starting to watch now tesla So as I was saying before tesla is the main stock for me Nice over here First breakdown of the vweb Yesterday I made an analysis on tesla And uh We were uh, for example Looking at where tesla. What's the possible target on tesla? Okay um, so the market over here in these days is pretty bearish I think that If yes, we'll continue to fail. Sorry s spy will continue to fail below this 390 The main target based on my strategies. It would be a 360 So therefore all the other stocks that are uh following And now I would say even bitcoin they are following, uh, the the indexes Do a problem and why so I'm looking at tesla for example 750 and then a target of 700 So these are not really absurd targets because I made for example analysis explaining this right uh, the point is, uh We have to wait we have to wait and see what yes is doing So, uh, this is not me, but it's just like a way how to execute the trace so you can understand How to to short over here when we have the crack and This is pretty pretty good. Now. Let's see new gappers. We have nothing for now So see elh track rgls afi So i'm gonna stick to tesla. I think it's a little bit still early And I will explain why This is a one-minute chart. I mean we can even use a five minutes only to see a bigger picture So trendline break over here yeah next Next target definitely 774 and then 750 So i'm not short of it here. Why because we're still in range for the morning, right? So I need to see yes like starting to down trend spy and q and everything then of course we can take, uh A good short also on uh on tesla. We'll be looking at vita facebook raba apple This morning. I was also looking at coin Which is an earning miss coin base remember had uh some very bad news rdbx also breakdown And this morning. I was not really looking at rdbx So it was not really like my My first stock to trade Uh It's one of those stocks that is really beaten down stock. Just look over here trade us on the daily I mean if it will be interesting, uh, we may put up a book map But I mean look how it works with the levels, right? So we had this uh resistance Had just six and this morning with the pop into the six over here And now it's pulling back more than one buck. We're talking about small caps So let's go back to tesla. These are nice sellers. Look at this tape I don't see really any buyer and This is when I like to start shorting tesla I would say some heavy players We're gonna put up also here times and sales Let's zoom out a little bit. So we are below the trend line Stock is fading my plan this morning was to look for a short and I just want to make you understand not really to show my my trade Which I mean was actually I can just show you one set right now Uh So that that you can understand the price section So that is the morning trade remarketing then over here, uh, shorting the gate to write for for the fade The point is we had A very good read. I had personally a very good read on on tesla And the reason why is because I see this every single day. I mean I watch tesla every single day uh If you start looking the same stock if you start looking the same We say patterns trying to recognize, right? Tell us this lately This last last week's is doing always the same pattern so what it does over here Is uh What I call the pop and fill right? And let's see if I can put one of these screens over here. I don't want to blind you Before I add even a black one. I don't know why Okay, so in order to understand the order flow, we have to think about this. So imagine that this is the Uh, the previous day close Sometimes tesla will be here. So gaping up. Sometimes tesla will be over here Right, so when it opens Take a reference for example the vweb. We can put the view up like this Uh, we can put the view up like this Sometimes the stock when it opens will be above the view up So what I see is that we can fail pop And then over here i'm looking for a rejection So this is a pop and fail and of course I have to look if the previous day close We'll hold the support and bounce back up or fade The second scenario. So imagine again We are trading below in this case the the previous day close And uh, this is the vweb. We're open and above again We can push this push often could be to the previous day close area And then we can start shorting over here higher And then we have to wait for the vweb breakdown because sometimes can reverse and push all to the upside Now having said this start looking at tesla and I'm gonna put a five minute. So that you can see yesterday close Sorry, uh here that you can see yesterday close Remember this morning. We had data right around the a20. That's the reason why I started shorting 800 So yesterday, uh, we closed into this area. So around 790s 798 797, right? and this morning We had to open just into that previous day close all right, so We had a push Right away to that close and then started to fail And if you look traders over here If you look what happened on on the book map, this is one of the settle that I simply love We open above the view. Remember what I just told you It popped where to the previous day close It started to fail over here the vweb And then over here there you're starting to bounce I mean once I see that this bounce cannot continue and reclaim the high of the morning. So after the open That's your short And that is how it went down now. You can tell me j. This is didn't fail like, you know Okay, one hundred points like usual, but I can tell it was still a good fader We had even a second one Right, so it came a second time over here above the vweb But it couldn't break the open level it rejected again. And what happened after rejection of the heat map view up again Perfect lower high of the view up That's a beautiful setup So I simply love really to see this setup over and over and over. Look what unwind over here So that was the juicy one for the morning over here You can start seeing, you know more selling pressure And at a certain point we get over here exhausted exhausted Support we start having like buyers, you know less magenta sellers over here again more buyers in control And then, you know, that eventually went green on the day Now what I'm looking is for another fader. If yes, we'll continue to unwind Tesla will be my first candidate to be here for short That's some wild action in tesla there Yeah, I mean tesla these days bruce and Was simply amazing. My friend was Going up like At the open A couple of bucks like on the 26 and the 28 for of april and then dumping them happen like a couple of days ago And it's one of the most volatile stocks right now This is this is great for your directional trades. I mean just fantastic Take the directional trade get out You know Yeah, and then let let them do the deep pullbacks and then get in again Exactly exactly for me. That's one of the most important principle. I mean I don't you know that I don't really want to enter in the breakdown like for example This morning on my Trading I didn't look to enter over here Because I know that over here. First of all, we have a support. I've seen book map over here with liquidity now If I enter in the breakdown where I'm gonna put my stop my actually real stop Was over here. So that's really another good risk-reward ratio. That's the reason for example that I take the shorts over here Sorry, the high Because I have my my system telling me to go there and I stay away from this. Maybe I will take profit down here Now I don't short now yet Because we have this main support from the morning So my idea is to wait for the crack of 780 Starting to see like a some pullback And then looking if we can fail the midday afternoon. That would be amazing Of course run. Yes traders. All right So always have a guy. Yes spy cues and cube Micro support over here on tesla at 783. I just simply love this micro support This seems such a good distribution pattern over here And each time now they they made a small consolidation. I was looking before the Like over here you see traders. This is a small consolidation What I like to call him gym slim. I was starting a trader in the remember mambira in the 90s I I don't remember his name. So pardon because if I don't call his name I was watching this trader in the 90s early 2000 and he called this this pattern the The gym slim right now. You can tell. Well, it's a pendant or a flag or whatever But in what we have that Very very tight narrowed shore consolidation I I just call it gym slim. All right breakdown over here off a distribution pattern Beautiful. You can see over here sellers jumping in I want to see the speed a little bit increasing over here. It's not increasing increasing in the the speed, right Times and sales has to increase because you want to see more like stop loss coming in rdbx in the meantime j line is bound simply sick But again, I didn't have this morning rdbx in my plan list. So I'm not really trading. All right Speed of tape is increasing. Look over here traders. We can have If we break this 781 which was my support and also we have 780 now Then we can have 775 Seems like the market started again to Sorry found a direction Check if we have over here on the one minute. It also video right now started to So of course when I'm over here with you traders, my beer is managing the trades And we're looking at media facebook and tesla I really like this This continuous sell-off on tesla right now This support should crack maybe a small bounce, but should crack over here So why because we have a steady amount of sellers joining over here steady amount of sellers Look at this, uh, this drop Right each small pop is sold off Um big magentas versus the the blue the blue ones This right now is starting to see A little bit more I would say range for the day on On tesla, but I would like to see eventually 750 in the next day. So That could be brutal Crazy volatility. I mean it was at 12 over 1200 You know, yeah a couple months ago or something Yeah, bruce. It was it was simply like crazy, but I mean the worst is this buddy The worst is this just look at this stock and uh It has some crazy dumps during the day now if TD over here is uh dating all right So look at look at this buddy 380 like six months ago eight months ago And we went to 170 Uh, yes, they was looking even a stock. I believe was pitton I I follow pitton a lot because uh, look what it's doing, right? You know, what's your position over here shorty? What's your position by inputs? So easy things right easy things not really hard right now Market is basically giving me all like shorts And this is that level where we are right now Okay, so we are on that main support Then we have the 754 And then we have this 700 over here. So tonight's 700 Quite question on facebook That's what you were looking at just before right? Yeah, of course. Yeah, um, so uh I'm just wondering like uh, how you started to look at The weakness in this stock because What was their earnings report and the earnings was just horrible. Is that what it was? Yeah, and then, you know, it came up also the news that there is a lot of competition for the metaverse You know, like this is doing one then we have apple doing one So even for that, you know, facebook is like putting ourselves in In the metaverse right now. That's like, you know, they're like, uh Main goal, but there's a lot of competition And you know reading the news over and over they stated that that is one of the main causes Of all of this field plus of course the returning the guidance and everything Yeah Because like, uh, you know, you might have your intuition on what it's worth But fundamentally you you need the the data to to tell you like and and then there you've covered it earnings and also competition Mm-hmm. Mm-hmm. Yeah I would say bruise that is always, you know, a union between Technical or fundamental analysis Now how much has to be technical analysis, which I include also over the flowing side Versus the fundamental analysis Well for a day trader. So in my case day trader I invest long term But right now we're talking about day trading So according to me to I mean at least my experience how I I mentored a successful trader in the past I would say that or the flow and technical analysis is like 85 90% of the equation And once I see um Even this crossover here of the jail on to the downside on the daily And I then refer to uh A shorter time frame, right? So I started referring to uh, for example an hourly for our chart I mean then I start looking really for, you know, good patterns for for a short Yeah, I mean it makes good sense. Like, you know, when is the the emperor, you know, finally not wearing clothes? Um, and You know, Facebook, uh Peloton, um, some of these other ones like you just kind of question like really like where are they? You know, are they really worth what they're trading? Exactly. I mean just look at the majority of these coins that we are trading right now. Okay Like even that the bad news on on Coinbase today Or just look at Baba So Ali Baba how much really like lost in the last year is something incredible And for a trader who is not really only an investor but a trader who can manage short position and also options like buying puts So with a very small amount of capital you can have like excellent returns then As long as you have liquidity you're gonna make money Yeah, yeah make make sense. I mean, it's nice to see some common sense kind of filter back into the bigger picture here Yeah, thank you for for telling me have a little bit of common sense, buddy Well, no, you're you're you're spot on all the time. Uh, very very, uh, uh Uh Stolic with uh So last night Bruce I I was in a in a in a webinar podcast on youtube with transpider. They invited me No, and they asked me I listen this they asked me j Uh, how are news important in your trading? And I stated this I stated like, you know, for me it's much really more important the technical analysis in the order of flow Because it's true because it's true. I mean, I say what I believe in and what I see it as Bringing me like good results, you know Yeah, uh, oh just look this. Uh, this traders is a an absorption look over here And uh, this is a beautiful over here pattern Uh, so 780 I said before for me. We're gonna have a breakdown And I still believe in that but okay somebody soaked over here So they exhausted the sellers for that moment now two minutes passed from dead level We had a bounce over here 783. I still see like some sellers over here on the tape Uh, they they have 19k 20k on tesla, which is not that huge amount of Of Liquidity if we break this 774 so let's watch over here for a possible breakdown And look at these uh These prints over here I mean, we have a lot of sellers. There's no doubt over here. We have a lot of sellers We are even like no buyers on these peaks. Look how many times this is exhausted So until we are below the 784 over here I'm still like short bias on the stock Seems like another distribution pattern for the morning So Let's uh, let's continue to follow over here Yeah, I'm really curious if they're gonna stay in the market there those uh those buyers on the bid Yeah, yeah, yeah, they seem to be legit to be here. Yeah but I mean Or they're like shorts from higher prices and they're just like covering over here Or they still want to build, you know, maybe a bigger position They're I would say averaging or like maybe they have like position 600. They're heading to their position Because we get we we say that Tesla is one short Seller killer, you know a lot of funds over here traders. They lost a ton of money shorting tesla So some heads funds losing billions Shorting tesla in the years, right? This doesn't mean that tesla can be A good shore for the next few weeks or the next few months Right, just you have to be careful because it's sort of tesla news comes Two seconds can go up like 50 points All right, so we're touching the 784 over here So we had over here the previous consolidation when I say consolidation is all this level right here, right? Also at the previous level So we are below the 783 and 50 So I'm still not sure that will take this position if I have the confirmation that over here we have a weakness I'm looking also at es Yeah, that's a question about how you Look at the es and relationship to some of these stocks Okay, so We would need me and bruce over here to talk at least one good hour only for this because it's not that you know, I tell you now es Is the guide or nq is the guide or qs is the guide for the market for certain sectors And you know, you have this and you will trade this and everything will be fine. It's not like that Really, it's a question that needs I would say more Investigation in and more explanation What I can show you for example, we can put it up here and I have another monitors. I have es. I have vix I have the thick. I have the aqs. I have the nq. I have the spy everything But you know, I don't want to confuse you with too many things So what I suggest is just to keep even a normal chart unless you trade futures With a one in five minutes Like very very simple something like, you know, like this We put all your levels of support and resistances Interday or the previous day right days and then you simply look if we have I would say a fail below the vweb or A bounce above the vweb if it's continue to make lower highs So unwind or higher lows. So an uptrend And then you start seeing like all the sector for example the tech stocks. Is it like fading you start looking at md tasla So md. I prefer to look at nvidia apple I prefer to look at facebook That is your guide now market Is unpredictable. So if a news comes out for example in nvidia Or an earning or an upgrade Or co stating something that could be uh, I would say um individual relative strength So you will see for example facebook or nvidia with the news Push it in a different opposite direction versus yes Okay, means that the relative strength in that case is very high But if I tell you traders that 85 percent of the trades I took on tasla and apple in the last What is now may five months There were 80 85 percent always with yes as guide And the win rate was very very high so I'm still like with idea over here. We can fail. So we're gonna look if we can have this unwind I'm still not in a position And what's the same time? facebook nvidia That was great, joseph. I mean now all those market internals you're looking at And it is a big much bigger discussion and and One of your strengths is certainly keeping things simple And so you know how to react you know what you're looking for you've got numbers behind it You've studied it. You know, you have an edge You have to make such a such a distinction It makes you a professional trader and I'm I'm wondering though like looking at sorry bruce if I interrupt you are just short of here 82 40 Tesla Okay on my accounts actually my beer shorted them For the reason that we have the trend line break that we were just watching He has making a leg down and then I see you know what I call my risk level. I love him. I love him Because my beer is not in with my five thousand shares. So we have a clear risk now I believe the 780 will go and we're gonna have a drop Boom, there we are. We're ready in the money 82 50 over here as a entry and now I can put my stop break here. Sorry bruce But I needed to say this and explain traders. No, no, I was to look at this tape reading on tesla more important Absolutely So look that 20,000. I mean it was used, right? We bounce over here before But this didn't mean that we were bouncing all the way up We bounce into this area of consolidation I was wrong because I was saying 784, but you know, it's not a precise level in this case We have a resist 784 785. So we bounce into this area over here Now we are trading down trending down after trend line break. This is a support 774 and 50 So where for example, my beer, I know that she will scale out partial and She's smarter than you know, uh, I would say myself maybe No, of course, you're smarter But over here what she's looking at she knows that our support is 774 and 50 But she ours just in this with the fact that 775 we have a decent amount of support So we don't want to wait, you know, like the 775 crack to take a little bit of partial So we're going to stay probably like 50 cents above that And now being that we short 780 to in 50 Our risk is going to be in the money. So 780. So in the worst case scenario, we're taking two bucks and a half But of course we want to this trade maybe to go 20 bucks 30 bucks today. We never know this So it's very important for me that you traders started to understand Not only oh, it's a heat map. It's a trend line break is whatever VWAP stuff. I'm shorting. No That's I would say 30% of the equation. Everybody can take a good trade But I would say the majority traders cannot manage To have the best result with that trade And that is where you have to grow as a trader and I'm telling this because Uh, being that I mentor the traders, I know the main obstacles for traders And if you do this, your r won't be sufficient to make a living in trading Because you will cut too much fast too fast your wins and then when you have lost you will have like four r losses So you have really to improve these scales if you want to be a trader In this case, you don't have to get scared because over here you see, you know, not any more like sellers We still have sellers even if the majority over here are in this case buyers because we have I believe like covers I don't start seeing over here higher lows higher lows and use amount of buyers that I get scared and I know that this Will push up above 780. So right now what I'm doing 7, 7, 9 and 50 is our trailing And look over here. We're almost the main target And it's okay If one time you'll get stopped in the trade won't work It's okay if two times will happen this but eventually if you have a good strategy, you'll make your profits Yeah, well well put Because you know bruce I saw like, you know some some good trades From members or from traders over here or even uh in in in the bookmap community That I mean they took some good entries And then let's say they took 10 points out of tesla when tesla went down 90 points So the day you take 10 points the day after you stop like for four the day after you stopped out for four So your plus two commission and everything Light whatever energy you're gonna go break even or small red If you take like I don't say 90 but still a big part of this night, maybe like 50 Of course, even if you have all your expensive losses, you're gonna still be like plus 40 So that's how you're gonna make the money Risk management traders risk management. All right, so again 779 50 we will trail partial then Would the other stop is 781 so always in the money never let Uh, we say a winning trade turn into a losing trade never And you know traders why you do that The point is a lot of traders get like I would say too happy when they see unrealized profits Until you don't close Your trades That's not your money And you cannot fight it Look over here. We have a little sweep at the 780 because it had a big push If we close down below the 780 That would be another possible add to our position So over here, we really have a fight And if you've been looking over here, uh add the size You can see really that there's like a 50 50 buyers and 50 50 sellers All right, so they're trying to keep it down So now over here my beer is all out. So she took our profit is what not a huge profit over here, but Still she did a decent trade and if we're going to have another setup, we're going to retrade it You don't have to be stuck in your position like, you know You surely were for example up six bucks per share And now you see like your only date took two bucks Uh, so you're going to continue like risking more because you cannot You know accept the fact that you have not anymore those six bucks Or possibly you'll be looking at p&l The p&l I only watch it when I close my monitors All right, never watch it Never do it while you're trading You're right now is stuffing you see right away at fast rejection. I started seeing more sellers over here Look at times and sales 780 780 This thing over here seems like gonna crack I mean, it's a beautiful stuff over here. What does it mean over here that we had like sellers 782 and 50 is the last chance for a fail Otherwise, we're gonna go back up to the 785 787 790 and I'm telling this because I know where we have like the main catalyst up here So let's check this price action small liquidity area is 782 It went seems like they jumped over here on the bid or they spoofed We have a small one over here careful So somebody is refilling over here the 782 because they ate A decent amount of size and you know, they're refilling so we have a needle seller jumping in that's good I mean, that's good if you're looking for A more fader over here trend line below 780 and 50 we can have more in wine right now Above 782 bye-bye is gonna push we have hidden seller traders 782 on Tesla is clear like the sun Oh, there we are So over here, we had the breakdown of that 70 support. There we are boom So That's why I said before it's important to put your trend line. We just put like 10 seconds ago and then against Right. So that is Now you want to see a confirmation of a close below 780 Otherwise, what happens over here that we're gonna have another Penant and this could push still to the upside So you see break the 780 reclaim the 780 now popping And understanding this gives you a clear picture Of how to trade something like Tesla, which is so volatile two days ago, I had a tape reading lesson with with a trader And I went over the level 2 the times in sales and the bookman And he asked me honestly j what Do you prefer tape or or the flow? And well, I know how to read the tape pretty pretty good But I told them honestly and That The way that you can see structures On multiple assets at the same time On book map is something I would say Far beyond what just tape reading can do Because tape I could read it pretty good if I have one stock Maximum maybe two But I'm a trader that I'm looking six seven eight stocks at the same time And if I don't look in that moment On that precise talk, I don't know what happened in after 1050 minutes With book map, I just need to look over here and I know what happened And I could dig into and see how much size was traded It's not, you know, like the normal times in sales or every single like, you know broker that after What 30 seconds one minute if you don't filter it, you don't see any more like The the size that was traded Okay, so that is what's interesting for me multiple products so multiple assets at the same time And right away at a quick glance I can understand the price action Over here and the traders in the meantime another stuff brutal, right So tesla Doesn't have any kind of intention over here to push doesn't have So you cannot fight the trend over here. It's red. Everything's going down Candles are red Zone is red for now. I'm going to stay with the With a short bias Nice juicy heat map This level over here 780 45 Again, hey break down over here. So there's a little bit of war That's fantastic, joseph. I love hearing that you've kind of Made the link or relationship between the time and sale skills that you've culminated over the years To directly seeing it historically in the chart in book map Yeah Yeah, because Bruce when I look at a stock and let's say I'm going to look at tesla If you think now normal level two and tesla You're going to see almost all the prints the same. I mean, I'm just watching right now between Uh, okay zero. So it means like it's below 100 shares to maximum 200 shares I'm not really going to understand much even if I have you know, like the full book That gives me all the depth When I see something like this and I love to keep it like just big I can understand so much Because I will have my chart my chart will tell me over here. We have a consolidation area resistance I'm going to see the heat map. Okay, it's tough. Boom. I'm going to short right away. I know how to react at this All right So if I see on the tape and maybe I have to look at three four or five stocks together I'm going to remember and spot all these things the same time. I must be a computer. I cannot process all those things It's true that a person I read a process 11 millions partial of thoughts in a second 11 million partial thoughts and only 40 Are I would say conscious all the other thoughts so more than 10 millions are unconscious So how the heck I'm going to look at five six tapes the same time understanding what to do If I'm not a computer That's where the ads over here comes J-lites Thank you, Bruce So traders any questions over here? Um, sorry if I was not watching the The chat but I was you know more absorbed over here to explain the The order of flow Uh, let me see we have razor. Good morning razor What are you looking for? Yes break of debt level? How do you manage your stop on tesla above liquidity? All right, so again Two good questions that would take so much but he asked for me right now Doesn't give me any signs of bounce on the daily and weekly chart So I'm so sure buys Uh, how do you manage your stop loss on tesla above liquidity? This is a good question. It really depends from the scenario. Normally, I would tell you above liquidity But then with all this market giving me so many stuffs, right? They will often use that liquidity All right for fake us because often liquidity where you will find it you will find liquidity like over here At precise levels. Maybe this was a daily resistance So you put a stop over here and then you start like, you know Complain with yourself why you stop the top if you are let's say short So I prefer or to stop at break even let's say I'm short comes back up. I stop a break even Or to give a little bit more wiggle room Because I've seen this over and over and over. All right now experiment Let me say studied Not the same on yes and tesla raise on in some days the false cues Okay to say just saw by order on yes get filled above the offer crazy first time seeing that on book map Well, you will see often you will see often are often could be dark pools. All right, so you will see orders That are into the mids. You will see orders that for example When the broker opens, you know, like let's say the prices over here broker opens You will see like fills over here and you think how can I get a fill over there? I want to short over here because then it went to the went over here. You cannot You cannot right we cannot mean you cannot somebody can not us Those are back orders from the system Uh, other questions traders Think it's pretty pretty calm over here pretty good in youtube here. Um, we answered the uh, es question And uh, that was the main question over there I'm to request to look at some other Stocks, but we've we've got to end the webinar now Okay So, uh, we can call it over here bruce. What do you think? Yeah. Yeah. Yeah All right, so again, uh, thank you for being an amazing team. Uh, I mean, uh If you have questions during the week, like what would you like that? I cover next week or you need the next explanation just to reach out you can uh Just reach out to the j trader co on twitter And or just simply over here on discord, right for who's part of the team And so next time we're gonna have like, uh, uh, next week webinar I'm gonna answer your questions. All right. Just uh about the market and door to the floor Okay guys, so, uh, again bruce. Thank you very much. Uh, thank you book map and uh, see everybody next time Take care traders. Excellent. Thank you, joseph Bye. Bye. Bye