 All right, good morning traders and welcome to the live trading webinar today with Jay trader. All right. Good morning So we do this every Wednesday with with Joseph Jay trader he's a stocks trader using bookmap and You know the idea here is the We have the educational course we have the Advanced analysis like we do every Monday Tuesday and Friday and then Wednesday and Thursday We have live trading from Jay trader and then Scott Palsini a futures trader so that you get the full breadth of Trading experience here you can understand kind of a specific strategy or many strategies from Joseph Jay trader and Understand how he manages them how he built these strategies ask questions in here He will be taking live positions. It is in demo paper trading mode, but this will Should complete your education here at bookmap And and then you can take it forward as well. So what Joseph offers? Mentoring services here you can reach out to him and education So I'll put this into the chat for you so you can reach out to him directly I got to go through the disclosures and then we'll jump right into the market Jay trader comes in in just a few minutes. So We'll go through our S&P e-mini or whatever else you guys want to look at while we're waiting for Joseph All right, so this is important So please listen up with the general and risk disclosures all bookmap 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 Risk disclosure trading futures equities and digital currencies involves 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, so Let's jump in here and we'll go through the S&P or whatever you guys want. Good morning, McLoko And others Let's see here All right, no questions in YouTube at the moment. All right, so let's just go through some analysis here You know, we we went through candlestick analysis yesterday at a pretty High higher time frame level. We didn't jump into the too much of the lower time frame. That's fine But you know, we can we can look at these candles and relate order flow to them And that's kind of where we left off and like right now. This is bullish here We're looking for a breakout here, right? The candlesticks are showing us the order flow is showing us. We're looking for 41 35 Okay, that's where the liquidity is. Maybe it can go higher. Maybe it's 41 40 We were looking at that yesterday Right, look at the volume here. The candle is filled with this type of strong volume So we're looking for the move to continue. This is a classic breakout pattern right here And and you can also see it in some of the candles here. This is a 15 minute candlestick charge You can see this kind of range. You see the the move higher here And and then it sold off pretty severely and then it came back up here. It's trading up here Look at the candle then look at the breakout. So usually what you get is And I learned this from Dan Gramsah. We did a webinar actually with Dan Gramsah Last week or a few weeks ago So, you know here, we're looking at the first time up to the liquidity. It's a fade Second time up. Well, it actually is kind of a fade as well, but the third time it broke out right, so this is pretty clout or Boy, I guess this is would be the first one here On the candlestick chart and then there here's your breakout. So anyway, you get the gist of it what I'm talking about and if the order flow supports that Candlestick pattern then you go with it your probabilities are much higher. We've already traded to 35 Okay, that was our first target here was 35. It's already taken. We're still looking for 40, right? There's nothing else to do in here Except, you know look at the order flow here In fact up here strong buying strong buying and then up here not so strong, right? So, you know Manage that accordingly. Maybe you want to exit your position. You know, that's something to consider because look up here Right, do we see a lot of volume up there. Do we see buyers up here? Not really All right, so we would anticipate a pullback due to this right here in the order flow All right, is this starting to make sense with some of you guys the Hold on a minute here. Just get it. These spammers are just so relentless in here So anyway Just get rid of this guy Okay All right. All right. So good. Thanks. Thanks, Jay making some sense to you and People in in discord discord guys, I mean deep is just Making sense here, you know, you do you see do you see that up here? So, you know, you're not looking for you're looking for a fade up here at this point Yeah, I mean, it's thanks. I'm so bad. Yeah, I know it's pretty it's pretty clear and It was also pretty clear that we're gonna get a breakout here Right, we're reading that so that was like a you know four five six point move right right there You know, you can you can you can call it a day if you can do that consistently one trade one trade a day You could be done so Just some some thoughts of Waiting and watching for something that's you know, higher probability so Anyway, the Let's take a look here at our bigger picture here and Yeah, even this candlestick pattern here. Yeah, I don't know. I don't know what I think of it right now the Maybe we get a pullback to 41 30 here It Nonetheless, it is strong volume here. It's just not up at the top and that's where we really want to see the follow through All right, so Maybe we bounce around in here start to build up here more buyers around this 41 35 area So that the high was around 41 36 In a quarter or or a half or so something like that All right, so If we start to see it auction up here and we get buyers up here. Yeah, we'd be looking for 41 40 All right, let's take a look at our bigger picture And Joseph should be in any minute here. So On our daily chart here on the left our candlestick chart. We were looking for a pullback here We talked about it many times. These were strong days here, but we're coming up into this range We never actually got up to our Some of these wicks up here We were looking for that and maybe it's today look at today's action. It's pretty strong candle here Okay, so maybe maybe we come back up into Yeah, 41 45 41 50, you know something like that And maybe it can break out up into these areas up in here right, so Let's just keep that in mind here We are in an uptrend, but we're into an area where there was a lot of selling and that's why we are anticipating this back and forth hourly chart here Pretty back and forth in here. We see these strong moves up. We've seen these in the beginning of the market in the in the webinars here In the market open and then and then in the afternoon the fade Pretty strong sell-off yesterday Back down though into some of these areas where we would anticipate buyers Okay, so we look at the order flow at these points when we get down into them or you can even trade You see the momentum in here you trade down to these areas and then and then Manage your trade accordingly. All right, so let's take a look at the 15 or this is a five minute Let's look at a 15 minute here and let's look at a week back All right, so again look at the wick down here look at where they they bought and broke out from We would anticipate that Okay, we look for Sellers to cover buyers to enter And let's take a look at what's happening in here Yesterday we closed down here and today we're opening back up above This is looking actually really nice in here for The sellers here we let's bring this down to a day look back Okay, so look at this in here Here's the selling a pullback and the selling continued and here's today And then we're getting the up move here, right? So This Move back down into these buyers, you know back on the hourly chart We can we can see that and then we see the the you know, I don't know I don't have the overnight data in here. I just have the regular trading hours, but we can see the The open here above all of this action here Okay, so what is that setup for what what what are we looking for with the open here and this move higher? In general, okay, I'm waiting for I see I'm so bad as a type in here guys if you want to join into the discord Community You know, you might want to the chat is more lively over there So anyway, yeah, we're looking for a squeeze here Basically Yeah, so all of this action here from yesterday the shorts in here We're above it already We talked about that same pattern through here as well No, it's a little different but The trapped volume in here or the the rise above this pivot or this swing here is really the key Okay, and then now we're breaking out. So this here is again, this would be all your trap volume basically It's a bit different concept is the same that the pattern is different, but we see the The move and break out above it and the pullback to where it broke out from and then the continuation Okay, so here we have the move down and now we have an open Okay above all of that looking for the squeeze back up to the highs Right, so let's see if we can get up into the high is from yesterday up into here about forty one forty two right now It's a zone remember So it's a zone up in through this area here from 38 Where these sellers really started to come in at least on the candlestick chart to 42 38 to 42 and we're kind of we're almost there all right, so looking for this area to test All right, so let's see if we can get enough buyers in here now. You can see we didn't have enough buyers yet We were looking at this area here. We didn't see the buyers. We're looking for it now. We're getting buyers up here Interesting so let's see if we can we need to kind of gyrate back and forth the market needs to kind of Recheck where are the buyers and sellers are it found buyers up here? Now it's checking for sellers down here, and then let's see now I'm looking to see if we can get buyers back up here and Back up into this area here and then the break out All right, so maybe we're not quite there yet We need another rotation, but that's the scenario we're looking for for testing into 38 to 40 and 42 Okay, maybe we can if we get enough buyers in here now. We're looking for 50 All right, so yes top-tick serve a swerving We're looking for this continuation then That's exactly what we're looking for Okay, and we have our reasons to look for that scenario to unfold This is really simple stuff All right, but it's really powerful stuff because it's all of this here. We're above it We're above all that selling so can we we should be able to test back up into these these areas where there was previous selling up here That's what that's the scenario. We're looking for Yep, exactly a good morning, Joseph. There he is. Okay guys I'll leave you off with that concept or that thought here and this just one scenario that we're covering We need to you know, look at the order flow and see maybe this scenario starts to fade and we see something else in here But that is the primary scenario right now. We don't have time to go over the secondary or tertiary Scenario here. Let's turn it over to Joseph. That's what we're here for look at some live trading in stocks, so let me jump into the Room here and yep, Joseph is already streaming excellent Good morning Bruce and good morning everybody. Good morning, Joseph. How are you? Good, you should tell me that hope your holidays weren't good Yeah, yeah, they were good. They were very good. It was great to you know, kind of unplugging and Re-energize I guess but first day of vacation I got COVID Yeah, you told me sorry for that buddy It was something I made the best of it though. It was it's a good a good a good laugh Anyway, you took it with a good spirit with yeah. Yeah. Yeah, exactly exactly so all right so I was listening to your commentary on yes and Yeah, I was looking at yes this morning as My guide for trading big caps as well So we have some nice move on yes And I was looking over here at Tesla this morning. I was looking at Amazon so Amazon extending more than Tesla. I Was looking at AMD Remember also about the earnings on this so Amazon MD moving pretty good. I'm at some still I would say Let's lay over here Amazon on this daily chart I'm gonna put it now We are still in this tight consolidation. You can see over here. We're forming a wedge formation This morning. I was looking for a possible move to the upside and Now we are in this wedge So this is what I was looking for this morning I was saying if we have over here and on the over so we have an aggressive long buy The first I will be this 138 which is the previous I then we have this 139 then 140 so we can start screen share over here Amazon Joseph so maybe you can can you Talk about that a little bit like I Love it. I I think it's one of the most powerful things you can do it from what I've seen is you're looking at Correlated markets, you're looking at the general indexes and then you're viewing some of these You know Bellwether stocks that move the market Exactly. So let's go first into the yes So that we can look at the correlation this morning between yes and The main big caps that we that we follow. So I'm gonna put also the here. Yes up So we can see yes over here early pre-market four o'clock had a main dip This main dip is into a solid support 4090 and Then we started to see a good uptrend each time look over here Bruce that we went Into this zone where we have day lines with bounce we bounce we bounce 930 we started to have one of my favorite patterns the one I call on the over So we started to see an open over here Testing the dips right away going back up And then a lot of washouts So we have so many sellers But then each of these sellers were held where held you can see over here And now we went to this golden zone area Which is an area of supply that it creates automatically on my charts over here That tells me right. That's a possible area where we can see a rejection Now the point is if you're looking at yes on the bigger picture We are in a clear bullish market First of all, we start over here a couple of weeks ago With this main trend line and then we started to curl Strong over here Consolidation there were bind dips Then over here. We had the fake washout fake washout another over here fake washout and Every single time they're trying to break down and push it down side. Somebody over here is jumping in and holding Holding So Now we explain before the reason why technically we had the rejection over here is An indicator that calculates automatically the supply here that I have That's where also I saw this morning The main sellers on book map and over here we started like to have a little bit of reversal So passing to the five minutes again You can see that level of supply exactly here And then we saw this unwind But again every single time we held This area so I'm waiting now for a dip into the 41 15 41 20 Now let's look at amazon I still didn't trade big caps this morning. There were so many opportunities in the small cap land, which was amazing And I want to share with you traders what we add on amazon over here some very good setups We had a open here Right away started to push remember Over here. This is a one-minute chart. Okay, so This is the morning push So we could see that Extended from 136 Started to push through the 137 On the bigger picture Let's go back one second to the hourly We have that resistance over here passing for 138 137 9. Okay, so remember about that Going back to the one We started having dips over here at 9 37 triple bottom over here Exactly into this area and then started to curl with a break over here price 137 and 10 So we're looking over here at This area over here 137 and 10. This is the breakout. So what do you see over here? Is this It's a perfect pattern For a long position And then we start to get back to the dips Around again 136 and 80 136 and 80 over here The same time we're holding v-wap. We're holding j-lines. This is a possible Good double bottom as well So what I'm doing over here is looking for dips to In the direction of the main trend So when we start reclaiming over here on 90 may or we start reclaiming the v-wap or the j-lines I start looking for long setups So all of these areas over here Are great cut patterns into the direction of the main trend Trend that it's I would say Not breaking until This over here like a few minutes ago, right? So strong morning trend and why because he has pulled back So he has anticipated this move over here to the downside Yeah, that that was that was interesting The moment I just kind of left off with on the es there as like looking for, you know For 41 40 to test and and now it's sold off but before it did that You looked at tesla that you could amazon and you saw the pullback already Yeah So what I like mostly this morning bruce's amazon emd I mean look what a strong trend they had and really some very good bullish patterns along the way tesla is Not doing the I would say not following really good the yes. So A different relatives trend even if this morning I was of different idea because in pre-market was following pretty good. Yes After the gate it really stopped so we're here probably we had buyers and Thought I'd like to dump from this 9 30s over here area now to the 908, which is a daily important support So That is my daily support that I have traced Again over here. We are in a bullish market if we consider tesla So we had several long set of scenario and Basically good swing and option opportunities along the way So I'm looking to see if today we're gonna have a another test and pattern like we had over here uh yesterday like we had over here Last week last week. So until I see the sub trend strong in this way I'm gonna look for a possible long scenario So let's go back to one minute And tesla is one of those really the money maker Stocks or options if you trade options traders that we're having right now very volatile very liquid I really like to trade this and Some of the traders in in the room that I that I mentor Are only trading tesla or maybe amundsen or tesla alone because it's just there Full of sellouts every single day right now is bearish. So I'm not really looking too short at this point We will need to see another reclaim of this 916 and then started to see a pushed upside This was a stock of the day So I halted a couple of times over here Which is there a way when I see so many hulls to see this Yes, you see how yes, so so right click on the price ladder there Okay, okay, and then go to re-center on Trades second one Yeah, okay All right All right. Okay. Okay. So so if you have it on despot and offer it's going to go to the re the halting Mm-hmm. Mm-hmm. Got it Because this halted I was at four times then we had the streaming over here But this was the the start one of the stocks that I was watching this morning. So I had a A morning on a air tour It says dt. We had apdn Uh nmt c also amtd So stocks that are really volatile these days So the open over here was uh right away into the halt From 195 over here 215 this remembers reminds me yesterday apdn We're talking about a small cap about a small float You can see over here. We are talking about a three million float Low institution ownership the volume trade over here is Uh more almost over here Seven times the float so pretty good volume And every single of these moves was on halt Then halted the downside halted again halted again and so on So look over here traders and book map I'm gonna try to make it Okay So this is very hard to trade because also ssr So price moves over here if you want to get the long you have to be super quick Okay, that's the move over here. We have an on the over Just like made amazon this morning. You have to be super quick longing over here and then halt We jump from 216 to 222 At the open you see that opens dips And start pushing And again, we halted over here 250 Over here 250 This time opens over here pops fail And then it holds this level So we can see We'll zoom out to the zoom in over here on book map Okay So we open over here fails The second bar extends So this is a clear breakout that 260 which is the daily resistance over here that I put Right away. They slam down Now this is where we Loaded the boat short But the point is It's hard to get a feel because you have ssr. So you have to get advantage of those Level of resistances those fake outs and then of the lower highs over here Again, often you will see that you won't get filled full size on something like this Because as we said ssr You can only short traders. I'm sorry. You can only short On the ask and when this goes down goes down fast So probably you will get feel like smaller size versus, you know, maybe what you're located Something like this. You have of course to locate it. Uh, hard to have it easy to borrow halted again Every single hull suspension was for about five minutes actually five minutes 249 open And this was where we added to the position 249 Two times they tried to push into this 249 250 So it couldn't break and then again All all the way down Halted again So this halt remember less like 30 sorry this uh This move over here less like 30 seconds. You can see we open Run 250 back to 250 over here We had absorption so it couldn't break again the 250 And started to curl down over here see seller jumping in And then another halt another five minutes. This was the open here So we opened and we pushed to the previous health level where was We opened over here. We pushed into the health level and rejected You can see over here They got rejected this level sellers in boom another drop Every single time dumps like 20 cents. So 20 20 cents drop And then again open pop Rejection again rejection again rejection again and now it's being lateral Yesterday we had a similar pattern. Tell me Bruce. I'm sorry Joseph This is just such a great example of It's a difficult example. Trust me because uh, I took this morning Bruce Sorry if I interrupted buddy, but it's important I made an error over here because I shorted front side with this average I had 27 percent around 26 27 percent of my size And I was explaining this live in with my members And I stopped over here So I explained the moment that I enter where was my stuff And then over here once I saw the opportunity over here I was able in partials to take full size position short And then I made back this plus many times more cover cover covers But the point over here is that SSR High volume Look what can happen So yesterday We had this 125 dollars Almost 450 over here And uh halt that we traded Where I called the short yesterday here Until here then nothing anymore and even here each one was a halt every single one. This was the first rejection seller jumping in the tape Beautiful the flow over here showing over here sellers Halted the downside and then eventually first two targets But trading these halts Generally these happen with so fast liquid reactions volatile In micro floats All right, it's very hard to trade especially when you have SSR like this morning on hsdt Tell me bruce Oh, no, I was just gonna um, uh say Um The halting is it is you know, it's like a kind of an the open or you know clothes of a market and I mean it is technically Uh, but it is yeah, but you can see like Precisely how the gap fills Uh, and why like anyone that's caught Um on the wrong side of that is going to be covering Uh, and you get the continuation Uh, so You know, it's just really interesting to see it's such a good example or There's less Variables in that example of like that concept of you know, why gaps fill Uh, and why continuations? Um happen as well exactly I was monitoring the daily chart To see the main levels of supply and resistance so I had over here Book map And I was looking this moving up so First level of main resistance over here this 250 Second over here 285 and then of course we are over here Uh at 370 all right, so we stood into this area on hsdt But what I like to be here and this is what was explaining in the room Was this first rejection over here This first this was the first rejection because all the other hulls that we had they did Only push this was the first one that push and did this So testing these areas over here of resistance 260 270 and then starting to dump but this is I would say pretty advanced to trader traders So careful trading in short and SSR stock don't do it Is one of my main rules for beginners to not to touch Uh, if you touch of course you have to have a very good risk management The meantime bruce, this is what I was just explaining before every single time that es Has drops into this era We have a washout long so buyers stepping in again There's some big buyer over here in the market all morning Some big buyer Okay, leg down over here on hsdt So now i'm going to look for the last target this into the 155 area 155 160 So i'm looking this previous support area If we can get This level over here. I see some support over here into the 155. So that would be an ideal Target And again traders into a halt right so that's the reason why it's not moving This is halting all day. So we have Ear this morning. We had ear this morning. Sorry. This was An example of how I This was an example of how Small caps tend to fail. This was just a gap of crap scenario This stock, I don't know if anybody traded in the past traders Air but as a stock that I traded in the past. We're talking about the 34 million float A 48 institution ownership The cup the the stock has 23 months of cash left, which is not a lot of cash There's no dilution, but they have a good amount of bag holders and longs Stock into this stock. So this is a stock when I saw this morning this air I started like laughing, you know where they want to go Every time they have an extension Or a gap you can see over here. They they faded they dumped right Again over here and it dumped Again over here and it dumped. So what they're going to do this morning I mean, we have history talking over here, right? So history repeats itself some of the members Got this air too short I personally Didn't trade here But I want to share with you What how you can use book map to take advantage, right? So let's do this and this I believe it's going to be an useful for Bruce our friend Bruce So whenever you have a small cap Start looking first of all investing in the company if it has dilution If the company is solid If they have revenues The float the float rotational. There's a lot of parameters, right? We made in the past with Bruce some good lessons about Small caps the parameters to look at Have the filters in your scanners and and more But over here today we're going to talk about levels All right So you can see that I draw fibs From the pre-market high to yesterday close This is the 100 percent 78 percent 61 I'm not saying 61.8 61 just to make it like easier 50 038 023 0 percent if you don't know about what is Fibonacci or how to use it I made a video on YouTube explain it. Okay, just go check in j2.co So during the morning You can see that we go into this area 160 Now Fibonacci alone It just tell your level, but it doesn't tell you at this level. We'll have a rejection a short Or at this level or at this level You can have you an expansion numbers of Fibonacci, right? So you have I would say an idea a guide You know that at this level At this level at this level at this level this level this level something can happen But then you need timing for execution, all right And where comes the timing over here? So you start looking at your other flow Hope you can see this good traders. I'm using even a bigger monitor. So this is a 55 what is here here? And uh Let's okay this I think it's pretty helpful So remember those levels over there that we spoke about You see this peak that we had this is a stuff, right? This is the first level of Rejection that we had on the chart Unfortunately this level of rejection is not a Fib area doesn't mean it's not worth taking the trade Not worth taking the shot Just means that you have no guide Looking at book map. I like the fact that When you see these dots getting extended and far from each other Often you will see an exhaustion setup This peak over here to the upside Near a resistance In this case the supply area liquidity area on book map It's an exhaustion where you can start taking your short This is not for me full-size load the short scenario as a matter of fact I didn't even call this in the room. I was absorbed on APD and in that moment That sorry on the hsdt in that moment Then we come down over here and we start cooling back You can see over here a beautiful setup reclaim of bweb Cup pattern of bweb long pattern now point me out The level over here We said before 166 165 78% fib correct Look where it tops Into the main liquidity area That we have on book map So that's the reason that I'm not shorting here Here here here or I'm not longing into the 160 Because once I see the price Getting absorbed And then I see a first rejection That is enough for me to take the trade And looking for this unwind So it seems you may think this is just for like 20 cents. Trust me. We're talking about 1.60 dollar stocks of 20 cents over here Is a pretty good amount of Percentage you can see over here two times reject Sellers join in and then boom over here. There's a dump Once this they break this trend line over here. There's the dump over here. You see the big shift Okay between buyers Sellers right so all the buyers that we had over here Now they're dumping stop loss bweb stop loss 150 stop loss. I didn't put over here the Um Sweep indicator But I mean if you have it on book map, you will see over here some Some nice sweeps Okay, so start looking at these things every single day Let's see Okay Meanwhile We have our amazon Remember we said yes is not dumping right? Remember what we said traders every single time really It just like very easy if you have a correct strategy to trade the market over here They said before every single time we have dips Somebody is buying them right Every Single time We have dips We have a big buyer And what does it mean? Before we said that we are watching amd We are watching amazon And then we're moving pretty good along with yes Here you can see exactly that Dip on yes was bought amazon over here dip was bought So let me put a little bit of zoom out Okay And now we'll do the same exact thing Those levels that you see over here the blue one and The yellow one are my daily levels right of uh resistance and demand and resistance and uh And support or supply demand is basically the same thing Even better Okay So what I did right now As we did before Previous day close High of day right So price just like we made on The stock would be four remember sorry On air The same thing happens over here before we rejected at that 78 percent Over here instead we are looking for a dip Yes, it's bouncing. Okay, so we're looking for ideally a long entry And we have this dip over here Now Bruce will tell even better than me a dip alone Doesn't really mean anything All right, you have to look things on a bigger time frame. So you have to put together traders the higher time frame htf Or longer time frame as you prefer calling it together with what together with the Uh smaller time frame or shorter time frame. All right. So looking at things together It is the word perfect Sorry traders in mean time I updated mug beer over here psdx over here perfect In that moment that we have a dip 61 percent Big soak on a main support This is where we have again the shift. Okay between Main sellers to buyers And I will tell Jay why you don't buy over here. Well, first of all over here. We have no level Of interest on a intraday chart The second thing Is that over here we have a previous support level second support level I'm gonna do it better. So over here. We have this This and this okay, so we can apply over here one One and one And we can say this is the 61 percentage eight Babe All retracement. Okay, so we're not working now with expansion numbers We're working over here with retracement So this is where to find the spot to buy. Okay, so we're gonna put over here. Amazon so I'm gonna put in our advanced over here Room so we're To find level to buy intraday Amazon So again, you're not really looking only at the chart itself It's true. It's an important level everybody can see we have the support everybody can see we have the wash out But then you also need timing over here. And this is where we have the timing We see over here the main support Soaks over here And then start curling. You see also the stuff And then we have a pushed upside Meanwhile pstx This is not for everybody But I see some Trader over here taking the proper trade Again, it's a stock where we need bars And it's a beautiful parabolic move Into this 550 Check the daily chart So we have a resistance over here a main resistance at 590 Today the top over here was at 550 550 5 we have a secondary resistance over here at 529 So that's the level Overrounded at the resistance And you can see over here our trend Moving up moving up moving up First rejection over here The first area of resistance that 550 And then started to make lower highs lower lows again. This is a parabolic move It's not the easiest setup that we have today. So something like air this morning was easier Uh, something like for example tour this morning was easier something like amazon this morning was easier Um, something like even yes today was easier Okay So let's continue to watch over here psdx What i'm looking right now psdx. Let's see if we can have another extra push to five. This could be a good secondary short So traders i'm watching over here because it's holding the woman in j-lines It's has low liquidity right now. So What i'm looking to do I took a trade over here into this area 515 that I shared. I'm gonna also Here over here. Let's see So daily resistance fail and rejection Explaining over here that we had sellers now unwinding But again, this is the first target What i'm looking over here is that we can get another push to five All right, so let's see if we can get that five Would be a perfect area where to recycle Remember to use it really depends Uh now book map on the feed that you have if you have omni feed or dx feed, all right So with omni feed you will have access to arca and with others adjx and and others Watching also air over here curling Okay, so a few things to say about the air traders remember resistance before Where we uh, we had this short setup. I didn't trade it But where we had the short setup Now it's curling back up the volume is still low Let's see if we can see this again 165 Into that supply area I book map liquidity and then looking to short this again Also, i'm watching an mtc. So while i'm talking to you. I'm actually Uh looking for trades on my brokers over here I'm looking at big caps futures crypto and small caps and options Right now i'm looking at holding partial position asdt holding partial position on pstx Looking for more extension and mtc uh looking for a position to make on ear looking in amazon tesla. Yes, btc usd. All right At the same time i'm looking at kspn which had a big extension just right now but this is a Harder stock for a lot of newbies. Yeah, we're here. So i'm gonna put kspn Yeah, so we have a lot of liquidity into this six. But first of all, I need to do a little bit of research so kspn I'm gonna go an overview over here micro float Be very careful micro float ssr This can be dangerous too short Close above the open two times in the past And extended around 100 so we have a micro float Actually, this is a nano float, right? We had over here two times close above the open and 100 extension Just want to check about the illusion, but that's not really what's important for me right now kspn Ideally, I would like to see a dip long so no cash Warns it three A small shelf left because they have a baby shelf restriction And this is a history of s3. Okay, so we have over here Kspn micro float actually nano float dilution We have over here no cash ssr So when I see this only Long dips or part of moves Let's start to Read also over here the daily chart and if we miss it because I I saw this late If we miss it, it's fine. We're gonna move to the next one. Okay, remove all annotations over here. First of all, let's put our daily levels here Here Here and then we'll see if we're also gonna put fibs So we moved almost into that 630 625 resistance and you can see over here the big liquidity So this will be interesting Uh to follow right now They're just selling right now so no reason for me to Take any bars or Look for a long yet. I will start looking for a long only on a reclaim of 525 550 or On a dip into the 450 So going back to Amazon over here. Meanwhile, we weigh those setups if you see traders Set up forming you're free to alert in the in the chat room. All right So over here we add a curl over here to the j-line second curl to the j-lines We're uptrending look in the s over here also so holding when I say holding means We are holding this level of support 41 25 Holding over here the j-lines holding the 90 ma so I like this scenario nice curl over here steady buying If you break this 138 target will be 138 and 40 in the meantime traders first reason to cover over here on psdx Because it's starting to put a little bit of bids You see over here fake washout reclaim of that 460 So that's our first exit There we are. So that's the reason why to cover first parcel now possible move to the five. Let's see also ears moving air er Snap is uptrending Thank you for the update guys So here we are watching for the 165 for a possible other short High liquidity area on book map. Okay Uh kspn Or long on a curl or we have to wait for six nothing for now Amazon uptrending will go 138 and 40 Uh psdx now pushing to this first reason 486 then five All right reason we said fake washouts got it Is it clear to the the washout over here? I mean, this is a beautiful setup. Yeah, really nice joseph This market is so volatile so liquid. I mean, it's a beautiful market Yeah, I mean it I mean as you know, I mean you're you've been doing this for many years You just look at amazon compared to some of these small caps how much more complex Oh, yeah, and and and the amount of players in there and the the back and forth Oh, yeah, you can be a good trader on big caps, but still being a beginner on small caps Hmm So when you I mean when you get to small cap land, it's like you have to you know start starting from the beginning Look over here bruce. For example, namazan Even here we had the nice washout just same like psdx, right? Yeah washout over here Even wash over here this morning and you can see so good on book map They break down or actually this is a break them but right away they reclaim it And over here That's the the wash out on amazon. Yeah same same move same pattern Exactly exactly exactly So I'm watching over here this 138 and 40 Not gonna short something like this absolutely not but being that I missed the The long pattern over here on this curl. This is a Nice pattern like to trade for this wash along something that I teach Now I'm going to look for A rejection into the sale over here And amazon is going 138 and 40 over here strong strong strong don't short something like ours And we recorded so let's see what this came. Yeah How does tesla look compared to all of this? Doesn't this morning was so choppy and fading untradable untradable tesla and just waiting for this to reclaim The 915 consolidated and then taking more long Only looking for longs over here until we are above 908 and even more than 800 so Let's look the five minutes Which I often use for my my triggers yesterday, we had a long bullish scenario This morning. We had the first nice bullish scenario I didn't take any position over here on tesla this morning But right now i'm looking for a reclaim with this 915 consolidation along This is exactly What i'm looking so still doesn't have a strong take Nothing for example like meta Meta today is beautiful long setup Long setup very easy to trade risk risk Amazing joseph, how do you deal with? You know with stocks you got to you have to kind of choose your you know, you have to choose well And How do you deal with like You know, maybe to make some choices and then you get stuck in some dogs. They're not they look like they're going to move They don't and other things that you were thinking of trading but decided not to and then they move You know, how do you deal with that? Great question. I will show or I will show you traders this This is this morning my waslas made it very early. I believe was It's time to read uh, new york time And let's look only at the big caps meta amazon, okay, let's take you know tesla Tesla we had no setup amazon meta both worked These three are always there no matter what even if it's a day that they won't print every nothing I will always make a plan on these Maybe we'll be planning sideways no trade This morning amazon I said inside pdr waiting for a trend line break Or above 137 50. This is a time And this the first time that I'm getting interested in something like amazon over here It's still a good long for more advanced meta Remember guys the mate over here is 163 and 50 Waiting for a trend break of the 162 162 broke remember my plan. I did a 730. So this time This is my a plus setup to trade long My other setup to trade long so by knowing the strategy perfectly And by knowing what you're gonna trade So I have over here my list of 40 50 big caps every single day that I'm running through And then I'm looking at the ones that I have the best market scenario Gap up daily breakout consolidation breakout Pull back enough trend And then of course, I use my strategy Or the flow To get my entries Right, but you um How what would you recommend for people starting out? like I mean they can't You know these stocks very well because you've traded them for years So what about I would suggest you start trading First of all, of course in paper. So make experience and learn a strategy But then start really trading one or two stocks every single day and specialize in something And this is something that I I really Think it makes the difference um In becoming expert in in trading Specializing something the more you get familiar to one product could be one asset like futures cl Or one stock or one, I would say set of options when I say set means like let's say options on mate or in tesla The more you can see something every single day get familiar to that thing The more this will become easier for you to trade And then bigger profits So that is you know, it's like Bruce when we find one thing the first time it may seem difficult But then we start seeing this thing over and over and over And becomes very I would say easy to trade this for example is Uh top tick also in the in the discord book map room. Just send me this chart He's one of the mentor. I I I I help The mentoring traders I help He got along this morning and then he wrote all the myth over here to the upside and uh I really like this process because This process is how you can become I would say consistent over time over time over time over time over time over time over time over time over time All right, so this is for example and the guy made the 300 return on his account in one year Trading the same few setups over and over on the few stocks That's it. That's all you need to do And then I guess you kind of naturally evolve into well, I can look at a few more And then a few more Exactly exactly exactly exactly, but I mean If you already make a big income on something I know traders are just using for example Yes, or tesla or apple Uh, you can even stick only to that Okay, you can even stick only to that traders um I think is specializing in something or really what what makes the difference for for traders out there Uh, also traders don't ask to me Ask to him talk tick. Okay. He's the guy All right, so now let's continue to look at amazon We are looking for that one eight 138 And 40 we got the 138 and 36 so we got just Into that resistance and look over here So our seller over here jumped in boom dumped This next is working good Joseph, how would you your your cup and handle patterns? Do you look for the retracement to like a nine EMA? Um, it really depends from the pattern But I like to use on my charts nine EMA being that they use a five minute chart or a nine EMA chart I made an extensive course Uh on this how to use the nine EMA and all the patterns how to see the fake outs the washouts Nine EMA is a good tool others would be used for example, uh, 15 or 13 or 20 Everybody has this like, you know way to go. Me nine EMA is a very good Good tool, especially how I use it Um It's uh, it's terrific. It's really terrific. Yes, I shared The last couple of days I shared, uh, big caps live. I was trading with the room And I was sharing trades on Tesla meant to Amazon constantly with the 90 may or j lines So showing the entrance and exits and often we did like together when we have those setups on on the book map webinars but It's a it's a great tool one and five minutes art is where I prefer PSTX So we're holding this trade short. You can see over here. We're holding this to poor traders PSTX over here. So I'm gonna stay with this because I'm actually short on this Holding the support micro support 456 I don't really believe on the whole of the support 456. So we'll see We'll be looking for this Low action right now trader. So it's normal. We have to wait Nice stuff over here on kspn Nice tough rejection over here Into that 550 I'm not in a position. I'm not in a position Just curious uh, joseph if amazon might be meeting your uh, cup and handle criteria Oh, let's put amazon up It's also the high liquidity area Yeah, it's already I would wait. Yeah, I would wait bruce or for this breakout And then consolidation too long over here with a very tight risk Or a retest Of this area over here with the 90 main the day lines to Buy this area. So basically like we add down here Or we add down here Yeah, it's forming over here a good call forming over here a nice cup and handle beautiful Yeah, I mean, it's ahead the it's ahead of the es I was just kind of looking at the es and I was like, well amazon was doing that So maybe maybe it fits the criteria, but it's already kind of Already doing it breakout right now on amazon and also stuff at the same moment over here on here So I just want to show you over here how the book number here is A good tool because it shows you the high liquidity over here or right away They pulled a bit boom fail from 160 to 148 149 Amazon over here is breaking out And then I was I will look for The retest of this level Or a dip over here in this Of course with the es following. I mean guiding Yeah, it's a monster Target I have 140 I'm not in I'm not actually in traders just saying over here Nice over here 140 target Do you find the amazon? I mean, it's such a monster stock. I mean, but how does that compare like with with tesla? They're both good since amazon made the reverse split Uh, uh, remember was 25, you know We passed from 2500 to 125 if I remember correctly or less was 20 or 25. I don't remember but basically Uh See This Just look at this trade trend over here bruce This is the volatility in about One month and a half from 100 to 138 Grew over here 30 not bad we had earnings Breakout now looks like another possible breakout. Let's see if we can push over here to the 150 Um, the options are pretty cheap low spread very Good to trade It's a very good tool. I'm at some it's dipping right now Near the j-lines. Let's see if we can have a curl consolidation then long But they had the break of the 138 in 50 Now they're trying to reclaim it and consolidate above a very convincing breakout there More stuffing for now. They have to consolidate. They have to consolidate That's the reason why I never buy the breakout wait for the breakout consolidation or break and then pull back That's how the market makers Or the algorithms trap retailers Stuffing over here, that's a very good stuff the 138 and 50 On this Peak over here. That's the beautiful stuff. Why boom dump. You can see the buyers right away sellers right traders bruce 11 30 think We covered the majority of the the movers of the day was a good session Yeah, any here today question bruce As always we have an interesting market and thanks for being here if you are Hold on a minute here youtube. Sorry. Check the cog wheel. Make sure it's at 1080p Also, be aware, please. There's a 15 second delay in youtube Uh, so you'll be seeing things a little bit behind real time. Hold on a minute And also if you post questions in the chat, I am watching multiple streams Chat stream windows so it might take me a little while to respond And in addition, I will try to answer the questions that apply to most Of those who are here in the stream and the chats Since my time is limited to visit with you All right. Well, let's uh, let's general disclosure of book map limited materials information and presentations are for educational purposes only I'm getting it should not be considered specific an investment advice or recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent real estate trading performance, but uh, I'm sorry about your trading futures Yeah, yeah, we're all It is not suitable for all investors All or more than the initial investment Risk capital is money that can be lost without jeopardizing We'll get it fixed for next time your lifestyle Only risk capture should be used for trading and only a very nice session risk capture should consider trading Thank you Bruce. Thank you book maps pre-sale traders. If you need more health stream and see you again next week All right. Thank you. Bye. Bye. My how to integrate volume profile auction market theory and book map in multiple time frames or fractals We're going to be looking at Operating from an inside out perspective inside being micro structures and time frames Attempting to integrate with higher inter-day