 Good morning traders and welcome to the live trading webinar with Jay trader. So we'll do some live trading today It's Jay traders a stock trader. We do it every Wednesday. He comes in a little later around the you know, 1015 1020 East Coast time and The whole goal here is to complete your education here in book map You have the educational course online You have the live forward-looking analysis that we have Monday Tuesday and Friday. We go for an hour and a half and then we have Jay trader today and scopolsini tomorrow a futures trader They will take some live positions. It is in the demo paper trading mode but You guys can learn a tremendous amount of how other traders look at the markets and trade them and manage them So you guys know who Jay trader is you have his contact information. I'll put it into the chat for you guys I need to go through the disclosures and then we're going to take a little bit of time and go through some S&P or whatever your requests are before we jump into and Jay trader gets into the room here General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific Investment advice nor recommendations 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 a 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 once 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 you know that it's in demo It's not a trade cop your service and it's not for you to take trades based off of What another person's actions may be it is for educational purposes only all right, so let's We're gonna jump in here and take a look at the live market and the S&P e-mini And see what's going on. I lost my connection to rhythmic So we'll be looking at DX feed here with the ES. So I don't have my They don't offer MBO data. So I do not have it here, but we can look at some sweeps and absorption instead And some other things as well first bigger picture. I even lost my rhythmic chart So I can't even go over that That's okay What we're gonna do here is review yesterday's recording Just a little bit and let me show you where that is. It's on our YouTube channel book map here And you scroll down and you'll see live streaming recordings here and this is the latest one here on the left Okay, we'll open that up. I opened it up already into a different um Tab here and what I want to cover is The lines that we drew up here all right higher time frame So this was during the webinar Yesterday this was around an hour and 13 minutes into it And we were looking for Retesting some of these zones in here. So, you know, we're not making this stuff up This was done beforehand, right? and let's take a look at some of these areas here because This is where we're looking for Significant kind of order flow around some of these levels on the higher time frame It is important to map out your higher time frame levels Then you want to look at the order flow around those areas here. So if I can read it correctly, it looks like Boy, I can't even read it. Um, it is 40 Oh God, I don't know it I Can't recall But you can see the lines up here and looks like we just came up to this area here. I just recently Okay, so let's let's take a look and maybe this will and this is bullish become a little bit more clear here 4526 and then maybe 45 56 or something like that Anyway Yeah, maybe maybe you guys remember Kurt or Alan, maybe you guys recall what it might might have been This is why I want to go through it is because I want to go through the order flow now And what does it look like at these levels here? So What has been so yeah, anyway, let's just just take a look at this S&P here because it's up in those levels And it's just really important like guys like Mark up your levels And and have reasons why you're marking up your levels Those higher time frame levels are really important for for yourself. It kind of maps out Things for the day. Then you want to look at the order flow events around it. Now yesterday we had a Really choppy session especially in the afternoon poor Tom had the The joy of trying to read the order flow when when in a very very choppy and difficult session yesterday But then that just a beautiful breakout in the afternoon late afternoon here into the close and We were looking at this forever this 4520 level. Okay, we thought it would would trade up here in the morning It didn't it chopped all day long finally made it and then broke out and made it up to 45 50 up here So Anyway, beautiful breakout now. You can even see the distinction in the order flow here Hey, look at the size of the dots down here. Let's just make them bigger for in general But you can see the order flow in here. Look at the buyers coming in breaking this level And pulling it up out of that area first target would be 4520. They blew through it massive transactions at the close here as you guys can see this was After the market and so around I don't know was it 415 4 430 actually finally made it up into this area here Okay, and we've been chopping around up there ever since right so Anyway, what's going on today? All right, so let's let's take a look here All right, so we open up. Well, let's look at yesterday as well. Here's the close right and here is the Look at this massive liquidity here big wall of liquidity All the way down. Let's see. Is this 4520 just a little bit below our 4520 okay, so 16 or so This is 27 and this is 41 or 40 in here. Okay, so what we see some selling coming in and let's see if They can continue on down and hit this liquidity here. They're just shy of it and let's take a look at the The order flow in here right a lot of selling here now. This is the cash open though we know that and This is where everything changes here at 930 You can see even the liquidity came in at these levels like like stocks This is much the behavior is very much like stocks just massive walls of liquidity coming in here At these price levels right at the cash open You'll see this behavior and like we can just go over to Tesla or any other stock and you'll see it immediately How that 930 is like just a flick of the switch here and liquidity. Okay, even Apple here We zoom out. Yep. Same same idea liquidity at right at 930 coming in Yeah, Kurt I had problems with rhythmic our trader pro this morning. I'm not connected Your gateway was to soul instead of Chicago really and that worked. Okay Interesting thanks for the feedback Kurt So we got Bitcoin up as well, we got some stocks We do have the the S&P and the NASDAQ here from DX feed though. All right Can we take a look at Google? Sure, and we'll wait for this to get some data into it. Okay, so What's so what's going on now in this S&P? Well, pretty choppy In terms of like you can see the whole overnight session here Liquidity down here supporting it. That's good And then you can see moving on up into these areas. They pulled that liquidity here But they at 930 or this isn't 930. This is a Eight o'clock here just before eight. They filled that liquidity and we sold off since okay So on on the way down here at the cash open down to this 4540 just shy of it Let's take a look at the volume and the order flow within this area here. All right, so First thing I'm gonna do is I'm gonna pose a question. Who's in control? In this market here Okay, right now. That's right. I'll electric It's sellers sellers taking control here That's right. Perfect. Beautiful. I love it Now but look at look at where the majority so we got this is what we want to know We this is where they dropped it. Okay, and we're still below that area So sellers are in control And there's quite a bit of selling you can see the dots you can see the bars and the sellers took control here and We see the drop down here and the majority of the volume though traded down here Okay, so this is what we want to be kind of careful about although sellers did take control here and there's pretty high selling in here The majority of it traded down here okay, and a bit here as well, but Into this high liquidity in here a CVD drop in like a rock and we know that this liquidity is getting filled in here as well so Probably some massive icebergs in there as well. I wish I could see him But I will have to wait for rhythmic on that And then we see the move out of this area here Where though look look where okay? Where that massive transaction took place and where that volume is and this is where buyers are trying to take control And the volume is not bad, but they're only able to reach back up to here Okay, so there's coming right back in and here they come So let's see if they can break below this area here We're looking for just a target to this 4550 area right now Okay, there's some liquidity coming in here now not not a whole lot, but there's some right here Okay, so looking for that to be tested first that would be the first target on this and Boy, I should say area to test in terms of target. We're not this is not a trading room Until J trader gets in here All right, so Yeah, we're looking for that move down here We're getting a slight pullback. Okay, we can even get a pullback to here But sellers still remain in control from this area on down So I'm still looking for sellers to hit down into 50 here Okay All right, so now your trade management once you start to get down into this area. It's up to you It's up to you on your time frame. We're gonna talk a little bit about trade management in here and execution Okay, because when you get down into some of these levels here If you're trading on a very small time frame then consider taking your profit Okay, or taking up at least a partial and reducing your risk Okay, because look what happens, you know, you get these moves right back here Now even with this move back, it's not bad volume Okay, so maybe it just sets up and we get a trading zone in here right now Okay, maybe that's a scenario to go through All right, so But the the the primary scenario is still sell side On this move. Okay. It's short time frame sell side higher time frame here since the cash opened also sell side All right, so that's the primary scenario And we're looking for order flow to support that direction And we're looking for this test into 45 50 here Okay, so they can come up as far as this 57 maybe a little bit higher here a lot of times they do Uh, and then we see some exhaustion or these buyers on the hook and sellers come in and pound it Okay, uh, even this move here like yeah, you know, it's getting a little little dice here There's a little more volume coming in here a little more, you know green dots coming in But still sellers are in control on this move here Okay, so we're still remaining sell side Okay, until we see something different Good morning j trader All right, so good morning bruce. Good morning everybody. How are you doing? Good buddy. Good. Um, very good morning So coming from a flat day scratch day small red yesterday Um, so we're gonna cover some good stuff today. Okay. Well, let's guys just keep it keep an eye out for this here Looking for that test of 45 50 and let's turn it over to to joseph And let him uh him take it away here So i'll stop sharing Let me get in there and share joseph's screen Okay roots, I put 720 and 15 Should be fine. Okay, perfect. Uh, can you uh, give me a confirmation that you see the monitor? Yeah, hold on just a moment Hold on. Hold on. I'm sorry. I'm sorry guys. I'm still kind of all thumbs on this. Um Getting there. I'm getting better and I'm going to stream it as well Okay, so you guys have it Okay, uh, so you guys can now join it's actually, um Uh, now let me share my screen Okay Okay, so now you can see that uh, we have stream one. We have j trader and then i'm also streaming Uh joseph's uh desktop. So uh, uh, yeah, you're all good to go joseph Okay, so good morning traders This morning we have uh, thank you fading I need to make a little bit of uh introduction And q s our guides you can use also spy and the cues if you want Um This morning we were looking at this main level which was the It was the uh daily jaylands just above at uh 15 500 And then we have also this Main catalyst area, which is the 15 000 Looking into our hourly chart We can see that the price simply opened this morning over here. Sorry open this morning over here Did the pop and right away a fail then bounce from this level and now it's basically lateral So I've been using the one the five minutes are for interday And we can see that the price over here was always up trending up trending up trending So basically we had one two three days over here And for now I'm starting to reject So this morning we've seen, uh A pretty good level to short Um, I will share after some some charts so in order for you to understand executions And over here we had the pop into this level of resistance and then right away started to fade Over here be even before we had a pop. Okay, so one in 9 30s one over here around 10 o'clock So these are two main jaylon rejections and you can see the first made all this unwind So while this was fading we were writing or netflix or tesla or nvidia short And I personally took uh tesla short Um to go just go check over here the stock Room for example And we can see what tesla did. So what you can see over here on tesla is the main supply zone around 940 950 this supply zone is um Is based on a four hour and daily chart, all right So this morning, uh, we've seen this rejection right away in pre-market But I mean this means nothing if then the price on nq and yes doesn't fail So nq started to fail Started to fail over here in pre-market tesla started to follow nvidia started to follow Netflix started to follow basically netflix is the one that unwanted the most And I was looking for a possible answer this morning, right? I was looking for that, you know, perfect timing So we had what I call always a bull trap. Those are the best shores that you can ever find First of all, you see the price that fails right at the gate I was waiting over here simply avoiding to rate this weakness uh After the first five minutes, we had this pop. Okay, just to the 9 30s over here And you can see on book map. We have just the reclaim of that vweb So the spread line, right and we went exactly to that 9 30 So once I saw this level, so this is a jail and rejection started to fail I showed over here. This is a 9 29 9 29 I called the trade Uh, explain, uh, why we're looking for this but mainly We can see that they broke over here the level 9 30 First time then dipped over here in the view up and tried to push it again So when they try the second time and they cannot really push it again and we start breaking this relative low Means this is a fake breakout. So I'm shorting this area over here when I started seeing these selling Dots right and I'm putting my stuff above And I know that my first target is down here and we Uh, we wrote this all the way down here Now nq as we saw before has another pop to the jail as you can see again another pop into this 9 26 9 28 area Right so another jail on rejection and what happened over here on book map? We went again to push Into another level of resistance and then started to fade So technically this is a pullback right because this morning we're having a fader Then it's pulling back to the jailings and then we have another fader that pop over there is exactly this area So just below this 9 30 We can look also the chart in the one minute of the one minute You can look at the stock. Sorry on the one minute and you can see the zone over here or jailing so this light blue area, right? We pop into this level We push above we get to that 9 29 and 14 Over here. You can see the pop Right away starts to make lower high Lower high lower low and then starts on white So right now we are in a very small the intro day. Okay. I'm not saying Tesla is going to reverse going to go 500 But for today, so what I'm basically basing my trade on We have this main fader over here. Okay, so you have to look traders to trade this stuff With the lowest risk possible with the lowest risk possible For example over here I missed the second trade I took the first one covered partial Re-added cover everything in the money before my break even was over here And then I was I mainly missed it. Okay, I mainly missed the second pop into the jailings, which is this level over here Um, and uh, and now I simply fading We can have two main confirmation so I always say that Use your charts user charts means like draw on your charts Okay, if I see a 930 level over here on my book map what I'm going to do I'm going to put I draw generally on my Brokers, okay. I have three brokers. So for me, it's hard to draw on all of them. I will use one only to draw and have So I put over here 930 because that 930 is my resistance book But so when I go to look the chart because I don't execute through book map, okay Um, I'm still waiting over here. Bruce is going to have the connection to uh, cobra center point and others But basically that 930 right is my low risk level So I have over here my chart now book map and I can see that Then I have over here the price action and then I can start even drawing my trend lines For I would say Define what is the front side of the move? Which is the first part over here and then looking at the back side over here Uh, everybody is a clear this uh charu. I know you're over here. So You know how I trade, uh, let me know if Miss this is clear Now what I'm looking over here is not anymore really the chart But I'm looking the next main support levels in this case. We have a main level at 910 Remember what we said nq nq actually, sorry, I didn't say this over here. I was saying this before Uh on the room nq is a main support of 15 000 So that is the main technical target All right, uh It's fading over here making lower highs. I like this price action I mean when you have something like this is like Christmas Oh, I'll be traders will be sorry. Let's look at olb, please Um Why oil be because was a stock that was interested this morning. I call the trader 253 Uh, just to show how to shorten oil be this is from of one of my Um Four momentaries so you can see the kind of execution you have to have Uh shorter top Cover the dip reshorter over here recover And uh, this is the sum of the execution on oil be okay So that you know how to short this gap in extensions Exactly this pop over here 255 Now let's see this prior section, but you see that I we have over here too many lines, right? I'm a little bit of uh Unlike simplicity So I'm going to reduce this drastically to probably 20 000 over here, okay So by doing like this, I only see few of those main levels Few of those mid levels Meantime over here and Q is fading. So now let's put up In case we have some uh small cap traders over here Let's put back up Uh oil be So we have a pop This stock is uh flow rotating This stock has traded 46 million volume while it has a float of 6.7 million has a fluff news Uh has a lot of bag holders We can see a daily chart and warrants only above the 450 level, right? So for now, uh, they have only 3 million of uh, uh shelf And they're under baby shelf restriction I know it's a lot of information all together But take it for granted because I did already my pre-market uh investigation So this here is a main area of supply on our chart because we can see how many tops we had, right? All this here over here and then we have another one over here this top over here But right now we're very far from that area. So I'm not really considering those levels As far as I know that I have bag holders Before we had two main levels of resistance one was this one One was this because we had the top and also here in pre-market one was this over here Actually three main level of resistance So I go check those levels with the book map over here and I can see right now formation 240 Sorry, uh, 250 242 So I see that this level Of selling pressure Is over here Okay, so book map in this case helped me See a main level resistance now A big seller over here. I place it 240 Uh, Joseph you're streaming in 1080, right? I'm streaming. Uh, let me just check one second, please I'm streaming 10 20 720. Okay. Can can you try 1080? I mean, uh Um, I think you can still do it at 15 per second Frames per second or even five. Yes. Yes. Yes. Try it. I think it would be clearer here Okay, you should see it. Uh, you're able to see it buddy. Yes. Yes. I I think that's clearer for everybody Let us know. Um, but from our testing we found that lower frame rate is actually clearer Okay, this is the lowest I can get great. Great. Thank you, Joseph. Sorry to interrupt You're welcome. No problem So right now traders. I'm looking again how the price will react at 340 at 242 We have, uh Not high volume over here So this could be a good Area to short Or this 248 250 where you're also a book map or the size over here 260 Remember our first rate is this the a plus setup. Okay, so We shorted this area And then we took this all the way down to the other, uh, J lines, right? Now this is a normal pop. You will see this often over and over and over In all the small caps Some will push to the pre market high Some will simply push over here mid-range and then looking for a fade Look the times and sales on the right. My times and sales is filtered I suggest you to put the minimum size 10,000 over here We'll see traders how they were Possibly spoofing over here a bit of 85,000 Then the same person or institutional, we don't know 83,000 And then again over here 71,000 So they're trying to hold over here the price 237 Chris what on the left side? This one you mean this indicator this one that I'm pointing out Uh, it's an indicator that, uh, I gave to who gets a one-on-one with me or mentoring Basically tells me the pre market volume Daily volume the percents of retracement. What's set up? I'm looking to trade if a gap an extension gap and a gap down there to gap and crap and so on And then over here other, uh, we say, um Other parameters So they're stacking a little bit of resistance between 240 and 242 A little bit slow price section, right? This is not really interesting For example, like our Tesla over here or NQ Or Netflix that instead is simply unwinding all morning, right? So Netflix is another one that gave a perfect setup So you want to trade Netflix? Show me those damn jailings Where Top tick over here short Uh, exactly that 451 Bookmap was simply crazy over here the 451 Because even here you can see the fake breakout and then Uh, they try to hold it over here, right? You can see there. They try to put the 13,000, but they sold it. Okay. This was really uh sold We broke that previous sort of the low 449 boon all the way down And now if you look at the star pattern Seems like we're forming a wedge So possible break and unwind But when I have this again, I'm looking what I have below Okay So I'm gonna start looking the main support levels I see one basically at 435, but it's only 5,000 over here So possible breakdown coming over here on Netflix traders In order for me to dig the trade I need a price to go over here Okay, it makes sense Charu The volatility on Big caps is pretty high these days So we have a lot of range very good to trade these Uh Star really to look into them, right? And there we are at the breakdown look over here traders boom Breaking that wedge Let's cancel over here some of the lines So this is our wedge, right? Sorry this level over here It's level of here Let's focus on the breakdown start to look over here the price section Filter this in my opinion at least 1,000 shares You don't really care if they're shorting or if they're selling this case 100 shares 200 shares 1,000 shares filter that Okay, you want to see only the block passing more continuation If it breaks 438 Target 435 Three lower highs on this one Uh cues are bouncing. So when you trade uh netflix Put always next to you and cue Why I like the futures because they anticipate the price section Okay Often you will see a little bit of like of a glitch between for example trading netflix or the stock And trading the future so future will anticipate the move asla and vidya Are bouncing following more and cue netflix Has a little bit more we say weaker relative strength. So they're selling a little bit more over here on netflix But again, this is a perfect pattern This was a killer. Okay, so you want to make really your paycheck every single day Look to trade these setups over here I think you're starting to fade bringing down the market. Yes as well cues weak Uh the majority of the tech stocks in this case are red Look to trade these at these pops. Okay Don't really look to trade the breakdown because often they will give you a fake move Or you basically short dip instead look to short those pops Yeah, Joseph. There's a comment on that like um, uh, the way that A few different things here like a bigger picture and the markets you've chosen to trade Uh stocks Uh, and you're filtering for these stocks. You're looking for things that are moving And uh, you know, they're moving because you've you filter for the ones that are moving And then You know compared to futures like you were talking about that You know futures futures like a lot. I mean it's an index of at least the stock indexes And they may or may not be moving But because you have so many different stocks that you can look at you're going to filter for the ones that are moving And that allows you Then like you said this this comment on paycheck You know because trading is really not like that we you can show up to work and you can work as hard as you want And you can lose money But you have a strategy that is based on the stocks that you're looking at that are moving And and yes, then it you know, you can consistently make money every day If you get that right, uh combination there Exactly or or you can simply lose money every single day if you don't have a strategy Right, that's that's the point trader. So Uh, now I'm covering uh setups that it's really years that I'm trading these setups So I know how to manage them. It takes a little bit of time to To find confidence. This is my way of using bookmap together with the charts and uh One of the I would say the main things that I see from beginners Is that they often get scared from this support, you know, I'm reviewing a lot of trades Um in and even from from, you know, people that write me on socials or whatever in private And uh, often they uh, they tell me, oh, I covered because I saw a big support near or how you use the bookmap because I saw this big Support I got out and then the move went still for 20 points per share And I always say, I mean market is filled with supply and demand So there will be levels very important that basically you can have a stall of the move Uh levels where maybe you can have a breakdown in this case if you're short and lead to a more follow through Or a levels of demand Where we can have a uh bounce. So how to define and see the difference is, you know, What takes time? Uh, for example, if I'm looking at the daily weekly Uh hourly level, okay, like we saw over here this 460 And then I see a confirmation around this 460 area of a huge heat map Um, visually you will see, uh, a deeper color versus others, right? Then that level can be a possible reversal If I'm looking over here at netflix, all right, why I had that level over there Because you can go back and you can see that that level was a top Was a dip a dip a dip a dip a dip a dip Okay, so I know that at this level over here, which is called supply Here that in this case we can have a possible reversal of the move Then I need to time it. Okay, of course, I need to time it With uh proper tools Okay, and a strategy in order to take the trade All right, so it's basically if you put things together pretty easy But you need to know what you're looking for So over here traders we didn't get to that 435 yet We got to the 436 bounce Why I was saying 435? Not because I see any kind of Daily level exactly 435 for me the next level of interest is 425 But because every five dollars into five dollars, we have a main demand zone in this case All right, it's just 5,000. I mean if you consider each bar over here in the five minutes art At an average of 98 k or 100 k 5,000 is almost nothing, right? But still I know that when we'll trigger that 435 other buyers will come So these are limit orders already placed over there Then you will have you know market orders joining and maybe other traders as well A little bit of bounce 438 In the meantime, I'm watching Nvidia netflix tesla apple on other monitors and the nq's So we have a small bounce over here of tesla A small bounce in nvidia And now we have a almost three dollar bounce as well as on netflix Well, let's go back and check and we're going to check if we have some actual entry level, right? And here is bouncing to the j-lines Tesla's bouncing over here We're gonna put also nvidia Almost bouncing into our level So you can see traders and here is bouncing to the hour to the one minute jails Over here before we had the top into the one minute jails and then started to fade I'm waiting in a price section Into this main area over here 922 As you can see We have A top a dip a top So i'm looking at the price section to get into this area also we have heat map over here You can see the heat map And also we have the view up in the zone. I have a book map in the zone I have a j-line of the zone. So i'm looking for that area And it's all morning that is doing right that like this. Okay, so The three main levels Where we had the river soil in qr one two And now looking for this third one I'm still looking at the price section I still didn't grab anything We're showing weakness over here You can see the first rejection from j-lines. I was waiting the price a little bit higher 922 923 So i'm not in I didn't get filled over here Why this level because before we had the tops and the dips into this level Okay, and because we had the higher heat map So I wanted to get as close as possible to a lower risk entry area, which was this one Okay, it's like over here. I'm not gonna short Into this area here, right bruce. I'm gonna short possibly Near this main level why because we had the dip before we had the top So this is my main resistance plus we have the book map same thing over here if I miss I don't chase Exactly. This is for example another trader just to show you how to short with those j-line rejections The first over here and then right in the fail And then over here are scraps, but then taking this one Stopping out and then reshorting and taking the backside of the move Okay, so look always for those tops the first one over here failed It's really short the second one over here or mean a higher low And then a little bit more resistant that 921 over here So let's wait also in queue Right section over here trade is a little bit slow Uh almost 11 o'clock The fader over here Already happened this morning Now again, I'm looking for another possible to be answered this time what I'm doing I'm lowering my size. Okay It was a good morning. Uh, yes, for example, we had a lot of chop Uh, yes, they close very small red basically commissions and Gustaf two or three times A few wins. So we didn't have any kind of range tasla apple netflix. They were all like lateral and uh This morning is that netflix tasla apple gave a lot of range. Okay So they simply rejected and started to follow in queue You can see I'm here over here what I'm looking at I'm looking for this trend line break on in queue And I'm looking then to enter on tasla netflix And you can even do this on options, right? For example, in this case, we're trading through the day Day trading so I will stay more with the weekly options practically Um this week of transpiration looking for the first otm in the money or Or the first sorry Round dollar number otm or itm Okay, so or out of the money or uh in the money Uh first break over here in in queue I'm still not sure Let's see if we can have a pop over here on tasla If I have a small pop on tasla Then I'm looking to take uh some short on tasla over here a smaller size Or I had to grab 917 on tasla. I couldn't get a fill. I still have my You heard the click that was 917 short and I asked and I missed this So I was putting my fill when I saw the small bounce over here. You saw it Put this uh order over here. I was putting order 917 With my brokers and then faded over here already four points almost from there Uh, why because I was looking at these inside ups All right inside of this bar And I went to look to short the ask so I'm not Almost every uh every time shorting the bit because if I short the bit I mean I give you really a a good tip This will save you a ton of cash. Trust me If you short the bit with the spread with the slippage If you have not a fast broker if you have not a fast connection If you're slow with me as me you will get filled on here You'll probably get feel like even once one buck Over here spread all right away from where you wanted to short If instead you wait for these small pops in a downtrend You can short over here on the ask with very minimal risk And you will have a tighter stop loss. You will have a better fill Of course, you need a little bit of practice and and I would say Um experience to do this, but it will save you one a ton of cash a ton of commissions because you will add liquidity Now, you know, I don't want to make names But for example, you can see over here what I use for charting on the left If you try to do this short Okay on the bid You will get good slippage All right, so charu, what do you think about this? I'm interactive a little bit bruce with charu because I know are so Uh, I think she and she trades with the book map. She trades with Uh, the big caps Sure, no no problem I mean others get get your questions in for for joseph. I mean he's actively, uh, you know Answering your questions if you guys want to reach out So the point over here is uh, I don't say for example, uh, charu, did you take the short over here? Or we take, you know, that the perfect point or I simply are waiting waiting over here joseph, do you do you have a Issues like I mean on those pullbacks getting filled there I mean, uh With a limit order just because there's not a whole lot of volume that that trades there Yes, as a matter of fact my my short was Uh, exactly over here on my broker On this small pop. Sorry over here on this small pop and it didn't get filled And uh Yeah, sometimes shorting the ask you will miss the opportunity But it will guarantee you That if the market right away, uh bounces in your short, you don't get stabbed really Uh immediately because What I see from the majority of the members that I of the traders sorry that that I meant that I follow If they want a shorter 915 They're gonna pressure the bid with slippage Slow execution, they will get filled over here And then dips and then bounces, you know what they do they stop out So professional traders, um I speak often with another professional trader and I say that trade is really even three or four thousand on tesla at the time Uh shares and uh 90 percent of his executions are shorting the ask Okay, shorting the ask I see Yep makes sense or buying on the bid or buying on the bid especially if you do a trading Of course bruce if you do like, you know swing trading who give who gives a damn, you know Let's talk clearly, but if you want to, you know have better results Also a lot of brokers if you add liquidity, they give you rebates. So uh partial, uh, I would say commissions back You can you can think like that traders, right? And uh, that's the reason why adding liquidity is much better In the meantime netflix another leg down over here So let's continue to make lower highs lower lows Netflix is the Is the hottest of the three between the netflix tesla and apple And here slowly bouncing over here or it'll be simply dead unless any kind of crazy volume We won't see the 242 so no trade short for me down here it's for example traders is the use of Of shorting a jayline rejection you can see a perfect short over here, right And then looking for it faded in this case. This is a small cap But the same thing happens on futures or big caps or cryptocurrency Breakdown on tesla over here. So you can see the break of this micro support 913 Next target on tesla We have the 900 Okay, let's put the hourly chart Let's review a few things over here First of all fine with book map the main level of support 910 then 900 900 We have 35 000 over there practically when it would be around 903 This will be practically I believe maybe 40 50k or more These zones I use them in combination with book map So these zones over here, okay Uh, it's not an indicator. This is just like Uh, levels of supply demand that you can recognize by yourself Uh, this is the level and these levels I trace like weeks or months ago. So not this morning Uh, so this is a turning point turning point over here turning point over here turning point over here this morning Now, uh, this is the support that I'm watching this morning. This 905 900 If we break this this we have i8 80s If we break this we're going to have this small little Consolidation a 60 if we break this we're going to have 800 So we are going to look at each of these levels how much support then Heatmap we'll have over here And now look this level previous support right nine zero five So yesterday Is uh, is my is my choppy day. All right choppy day Look at the 15 minutes art Actually, I think you can see better on the five minutes art. Yes So on a five minutes art that we'll do like this one second We can see the trend over here, right? So started to trend very big and then yesterday simply choppy And we reversed after the first hour, right and then it's basically been lateral This morning we are creating over here a big Fail and finally we have the j-line shifting So we can really break this 905 lead to this support. We break this you're going to lead to this main support Okay, take me for granted. This is reversing right now. I can make an example You can see when the all j-lines go above this, right? This is your long You can see over here when all the j-lines go below the yellow, right over here This is your short So very simplistic Okay, so in a very simple way I'm explaining just like the turning points Leg down over here leg down so small wash And look over here this beautiful bar in the one minute 914 all the way down to 907 and then bounce back up Simply a nice wash over here, right? So some big sellers We had 4 000 another 5 000. So somebody over here wanted to liquidate 13 000 Now we don't know if it's a short or if this is basically Sellers so long there are selling over here. Okay, we don't know this So target all the way down traders To the 905. Okay, as I said, I'm not short I share this morning my trade. I short only this over here until here and then that's it Missed this because I was not paying attention and this over here. I couldn't get a feel Into this area over here 917 Anybody took it a little bounce Let's look at AMD yesterday earnings So Uh, a few things over here to understand Question for you Taro where we should short AMD turning point turning point You see traders over here. That's your turning point to short Okay We have a structure of J lines And we have a structure of heat map Showing me that it's a pretty big level of resistance and then right away. You can see the seller jumping in Yeah, that's that's beautiful. Joseph. Uh, just this that again so simple combination Of your zones and levels you're looking at in order flow Exactly exactly exactly Bruce Now What we see is that somebody over here wants to hold the support, right? You always have to think something when the stock is going down. Don't think oh everybody's shorting Think in another way think Wow, we have a lot of deep buyers because everybody's thinking that the price now the stock is at discount You know like if you are I don't know at uh At the walmart and you and you find cats up for cheap Basically, it's not that Wait that the trend Handed started to again accumulate and then take the bounce All right. Otherwise, you will just take a falling knife Over here this morning. You've seen so many traders out there Um, even on socials saying buy 128 buy 125 buy 122 whatever The point is it's still down trend over here yesterday the earnings good after night after uh after hours over here pushing This morning. It's like a sell the new scenario, right? It's being the same way Possibly this will come all the way down. I mean look at this huge amount of sellers So Who was long over here yesterday? Is now selling Below the open level below the vwap fading over here ton of sellers at 130 We have a little bit of sellers up here. So That's amazing. That's a pretty amazing chart. Uh, so it must be that's earnings end end of day right there, right? Exactly exactly exactly push pretty pretty big less night Dip over here Cup pattern then push I'm not really Trading lately traders earnings as I was saying this morning for me as a little bit too late in the night So I'm a little bit waiting this Yeah, also google. Thank you. Uh charu. Let's look at google So I'm gonna put over here at google So earnings exactly the same Uh scenario We can put the uh One minute chart I didn't follow google this morning, right? So I'm very honest over here saying didn't follow this Didn't know how I performed Why I'm blocked over here? Let's stay so empty. Uh, let's see google. Yeah, I have a problem trader that probably over here I have to restart then book them up so I cannot check on google I can only show with the chart So basically at the same pop of AMD Jaylines rejection over here And then broke this main support 2960 and unwinding. Okay. Uh, let's see on AMD Nvidia getting to the lows of the day Tesla 907 right now What a big move really what a big move Apple a little bit lateral Netflix finding with the 434 Netflix just simply melted down But this is what we were saying before each time you see a big support doesn't mean necessary to cover Okay, uh, the main target that you should be waiting over here is this 425 And this 425 we're here. Okay, if you're short on netflix We have a little bit of support this area, but the main demand zone Is this Okay, this over here 425 425 Let's look again will be So very lateral Not a lot of range Tesla and whining a little bit more Yeah, target 905 reach. So let's see how it behaves So i'll end asking why wouldn't google be shooting Higher today was up almost $100 after earnings came out So often buddy On earnings we have traders. They're selling to take profit. Okay, imagine that I don't know You're in a position and tomorrow you have like 20% more often the big players. They're taking profit And they find like a very good way where to capitalize. Oh, it's uh called In in trading sell the new scenario. There can be an upgrade. There can be a An earnings that can be Other things Not really if you announce the split, but it's not really a bullish psychological event 905 tesla Almost there. There we are 905. Let's see how it reacts So we had traders the previous low at 905 Main support and nine so we could have possibly a bounce over here Let's check So in queue also in that main support 15 000 over here. This is the main catalyst level Oh, yes, if you look for example a lot of Reverse split, especially mid caps and small caps. They tend all to fade on the after day one They're simply sell the new scenario So tesla it's really on itself Yep 90% for example small caps on a reverse split. They feel the same day And they go really down much No, doesn't really mean that you have necessarily to buy after earnings You have to look at that data the strategy and how the market is dipping and pushing Like rogu did a lot of times or if it instead opens and pop and fill After profit taking If you have the strategy if we have a good support then yes, but it's not, you know, like I'm buying after the dip after earnings beat. No, I'm more a technical trader And there are not really stats for that in the sense. I tracked it But it's not like a high win rate buying after earning We say win on a dip Netflix going even lower traders and Over here breaking this level 905 over here. We had dip wash 900 Mark is really falling Bruce Prepare your parachute If we break If we break look over here if we confirm the breakdown, sorry on nq Bruce, let's wait This is my what happened right now Thanks. My memory is freezing. We're here Bookmap is fine though, right? Yes, I will say with book map Okay, start to again. Let's look at book map 900 flush So below the support over here This morning Twitter's Nvidia faded for about 12 points Netflix faded for about 30. Okay. I'm saying from the open Tesla. Okay. Tesla faded for about 40 points So not not a bad day, right? Not a bad not a bad fail Not a bad red day Joseph, I I'd like to show you the sweeps and absorption indicator indicators as well I don't know if I don't think you have them loaded right now, but offline and then maybe next week we can show them but I think you might like it because of your When you're looking for those stuffs It might be a little clearer Okay, you can send me like during the week and then we can try Yeah on on the next session. Yeah, exactly. Yes. Wow. It's really melting down traders. Don't try to buy dips over here Don't try to buy dips My toss is not working. You and your traders crashed it Now personally, I I took only the the first Tesla. I'm really missed this all-in-time move over here. This was really sweet Yeah, beauty Netflix over here Netflix, I'm lining also very good today and the Continuous to fade Google, I know it's not loading. We're here for now. Okay traders last 10 minutes so Marker right now are pretty volatile. I don't know, but if it's for the for the I believe is mainly for the earnings and then you also have to consider that the old sector is moving So we have Tesla fading Netflix fading AMD fading. What really today was holding more was apple I really thought it would fade. So I was wrong Uh, and I always say when I'm wrong Uh, I thought apple this morning was because apple was doing like this It was at the high of the pre market It broke over here and then I said if a start cool solid it over here on the pre market high I'm going to look for a long instead. I did this pop right away fail and then rains and but basically Apple was the strongest with the highest relative strength for today. Okay the highest relative strength Uh, char is saying j volume is going up on Tesla last few minutes is that volume divergence? Uh volume, uh, where do you see it? At char on book map below or yeah, go to there and then uh volume bars And then check it. Yeah And then on the left hand side, uh, where the number is the left click hold and drag it up There you go as hard as high as you want whatever suits you Okay, so this is a question that I make to you charu If the price is going up What does it mean when we have this means that they're selling more, right? So they're like on this breakdown look how much selling pressure came Remember that often when you have this v pattern You will see the highest peak of the volume over here This is on a one minute could be on a three minute can be on a five minutes So it's not that you see the one minute and you will spot it. You have to look at multiple time frames. Okay I I tell you that for take it for granted because like that Yeah, Jamie and that could bring down the market. It could push up the the the crude oil Yeah, one thing is increase of a volume One thing is really the volume exhaustion So don't really now Bruce maybe will say his opinion, but in my opinion, don't really look at those volume bars too much They can really uh, you can spot the volume divergence You can look for uh, in balance. You can look for exhaustion. You can look for many things for breakouts I prefer really to look at the order flow. So really to look at my levels and how it Basically behaves at those levels. I find it at least for me A little bit more. I would say reliable. This is a v pattern Okay, this is an exhaustion of the move one two three This is like, uh, you know higher low over here breakout. Let's see again. Netflix. We did the same thing No, Netflix is just like slowly bouncing over here Md Slowly bouncing the only one that has bounced a little bit more is tesla and We have a main level of resistance at 910 over here Okay, so almost 1130 Any other question? No, I think I think you've uh Answered everything in here a few questions coming in right now. It looks like A good question Alec. Uh, what do you look for reversals of trend? All right, it depends first of all from the strategies that I use Uh, so it depends sorry for from the time frame I use if I want to swing If I want to day trade Or if I want to even a scalp Uh, if I take uh I would say a common theme I would say one main supply supply or um demand zone Together with chart pattern together with order flow Basically these three things, okay, you can look for camarillo points. You can look for pivot points. You can look for woody's You can look for fibonacci You can look for fractals. You can look for aerosol. You can look for everything out there Uh, basically I I believe that I that I uh back tested like 2000 indicators Maybe even something more in the years And they're all good And they're all not good So what I found really, uh, simple and profitable are the levels and order flow This is my main point, you know, then you can come up with something else that works for you. That's good, buddy That's my my process For example If I'm looking at a swing trade And I have hourly chart And the price is going up over there and over here. I have the book maps a big high resistance I have over here also hourly j-lines A lower high Then that's a possible reversal pattern. Okay Bruce, uh, let's wrap it up over here for today. I think we cover a lot I I almost have no voice left. I will leave Tara over here talking Yeah, yeah, yeah sounds good Um, okay, so, uh, yeah, thank you very much. Joseph. Uh, great stuff in here. Nice moves. Um, and uh Always just the the clarity and simplicity of your, um, your trading And uh, exactly what you're looking for, you know, exactly what it should look like and then your trade management around it it's um Really really solid solid plan Thank you, Bruce. Thank you everybody for being here. Uh, remember, uh, if you need help, um, just write to me or to Bruce He's available 24 7 so Don't mind and uh, see you next time. Thank you very much traders and always use your stop loss. Thank you Thanks, Joseph. Bye. Bye