 Good morning traders and welcome to the book map live trading webinar This is the book map advanced webinar or advanced education and today. We have live trading with Jay trader stock trader Every Wednesday 10 a.m. Eastern He's a professional. He's going to go through live analysis and live trading. He's gonna take some positions here It is in demo. I mean we'll cover that but I mean It's not A trading room in the sense that you we do not Condone shadowing the trader all right instead that learn from the trader look at how he's Reading the market how he's using book map how he reads the order flow within his own Proprietary strategies and then how he manages his trade here This is where you're really going to learn a lot You're going to be able to put together that information Along with the daily advanced webinars we have as well as the educational course Okay, so we really think we have a very powerful and strong Educational offering for you guys as global plus traders All right or subscribers a good morning everybody. Good. Good morning David from Chicago Yeah, it's warming up over here in New York, but Imagine it's still pretty cold over there. I don't know Good morning Doug and Yeah, and Alan good morning. Oh, yeah game stop. Okay, we'll We'll have to take a look at that. I'm I'm I'll let You know, I'll let J. Joseph deal with that one. Okay, so good morning, David Gave it David s All right Well, let's so let's jump in and go through some disclosures when Joseph comes in You know, he he comes in a little bit later because he's just finishing up his room And then and then he'll be in probably in about 10 minutes or so. All right Okay, so Let's go through. You know who Joseph is here. We don't have to go through the biography I'll put the contact information in the chat though for you guys So that if you have questions to him you want to follow him or you want his education You can reach out to him. All right. Yeah for is a pretty you know broad and detailed Education there for his traders and very nice community as well. All right, let's go through the disclosures the general disclosure All bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment Vice 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 RISC disclosures trading futures equities and digital currencies involves a chance of risk of loss and is not suitable for all investors An investor could potentially lose all or more than the initial investment risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. All right So as we wait for Joseph, we're going to jump over here and we're going to take a look at the s&p e-mini and see what's going on All right, you can see the Interesting stuff actually some kind of stuff. I want to cover with you guys. We've been looking at this Since Monday. All right, and I want to we've been reading it very nicely today That read it has failed But I'm very curious to see what's going to happen here because look at the absorption here on the way down here Okay, on this higher time frame. Also, we're below this 3800 Okay, spx level here for spot gamma And are we going to accept the lower and continue lower? Well, here's the pullback right here. We're probably going to get our answer Somewhere around here, right? Maybe back up to 95 maybe back up to the point of control here Maybe even it kind of does a false breakout above here And then rolls over and then down further to the downside. All right, so let's just take a step back here and Then we know there there's a massive absorption here. Okay, that's fact But this is different here. Look at our icebergs and stops going together here, you know, Scott I don't think Scott has a setup on this but this is something that that we have noticed in in in the In the webinars for for quite a while actually These can lead to very powerful moves We have stops being triggered as well as icebergs going in the same direction Okay, so stop people getting stopped out on the way down, but these guys are relentless on the pullbacks They're getting involved in here. Okay, so You know, they're short. All right, and it's pretty significant icebergs as you can see we went from This is the zero almost a zero line no negative 600 down to 48 100 all right, so we're looking at 4200 iceberg orders. Okay in this area here short All right, let's take a look at this level here because we're at we're just below the figure 3,800 All right, because this is going to be really a big battle and let's just mark it up here Okay, right here around this 3,800. Let's just call it 3,895 for now. Here's why Okay, go back to presentation And let's take a look at our levels here Okay, this is an hour chart and this was that big dump that we saw on Monday Okay, and we just we kept on looking and thinking wow, this is this is a powerful move But you know, we should be getting a pullback here pretty powerful pullback All right, and then we just noted. Well, they're they're absorbing, you know We know that they're absorbing on the bid so we're looking for it The structure and analyzing that structure kept us out of going long in some of those areas This is a really key thing. Okay. In fact continue to go short Until you see something different right in that structure changes and then we noted it down here during the webinar Okay, and we were looking for just some smaller moves back up to this like 05 and 15 area here But noted that look these kinds of moves can come right back up to, you know, where it came from Plus these can move to multi-day highs. Okay, so I was very curious to see what happened up here Yesterday and you can see it failed right and I was thinking well, okay Well, maybe they'll come down to this area here and maybe we'll get a bounce out of that Or maybe we'll get some sort of double bottom pattern down here. This is what I'm talking about here, right? So we get we've this is really the key area here right right around the this this the breakdown below here around this 95 level All right, so maybe even lower maybe 90 91 Okay, so we really want to understand the order flow around this area here because if they come back up We're gonna come right back up into 15 23 36 and we might be able to get up into higher highs here. Okay, but what we saw on the way down here Massive absorption massive by iceberg orders. This is opposite here. Okay, so we're seeing massive cell iceberg orders down here All right, so let's let's key in and take a look here as we wait for Joseph Okay, so we're coming back up. Let's take a look at the volume within this area as Well, we know that they're absorbing here. Okay, in fact, let's turn on our absorption indicator. Okay, it is on Wow, I have that 400 And it's giving us not not bad readings Selling selling they're starting to buy here. Okay All right, and a structure breaks right here. Okay, and you can see some more buying coming in It's not it's not bad. It's not bad, you know, you could you could You could take that maybe back up to here maybe front run and maybe into this area here But they break above it. Okay, so this is our pivot level, right? In fact, if Joseph comes in we've been calling it pivots for years Joseph calls it the under over. Okay, and and here you can see it perfectly at 75 Okay, so we usually look for continuation and going short Okay, but it broke through came back retested the backside of it and back up to the upside Okay, back up to our 90. Well, we put the line in here around 94 All right So now we really need to watch this one closely because this is where the battle is going to take place right and right now it's just kind of leveling off and I would say it's still still to the upside here Until we see something different. Right? Continue to squeeze to the upside Okay, I could come back up into this area here 3800 the figure as well and Let's just go through some of the scenarios here Okay All right, well, we'd be looking for some The structure first right is still making well equal highs here. Okay, just made a lower high Hey, but it did not make a lower low yet. They're still making higher lows here. Okay, so we're just watching it and You know taking a look here and seeing Who's gonna Where the volume and the auction here might tilt this structure and then we see a massive move or change Hey, that's what we're looking for Okay, and we're not seeing anything quite yet. We do see some nice absorption in here This is pretty bearish in fact like look at this high liquidity in here at a lower level But the buyers did take them on Okay, so we know that we can see it And and they're the trading backup here. Okay failed to make a higher high here so far All right So let's see if sellers come in here around 91 and drop it right back down into 90 and maybe 88 or so Okay, so looking to see sellers come in now back down to Yeah, let's just call it 89 and a half Okay, and then maybe maybe even 88 and a in a quarter 88 and a half All right, so that's one scenario here. It's starting to fail as you guys can see but We might get another leg here. We're also looking for the breakout. Okay, the other scenario now the other scenario starts to get a little bit Yeah, here's a little exhaustion maybe let's see if we get a maybe a push on the buy side Anyway, nothing high probability right now. We're just watching this And but going through the scenarios. Okay another scenario is we get a breakout here. Okay, and maybe it fails Okay, so breakout stop runs, etc turns around comes back in here and then continuation to the downside All right, so that's another scenario here. We're getting our second leg instead as you guys can see We're down to this 89 still looking to see if we can get down to this kind of 88 level here All right. Again, what we look for is and Doug actually made a very nice image on this and in fact Doug is gonna be one of the setups so That I'm working on that I'll have for you guys a bunch of setups here. I know I keep promising it it will happen But understand the structure. Okay, and then here. Let's just go through it here. All right Understand the structure. Okay, just best bid and offer just understand what's going on here in the structure Okay, this gives us insight to the players. Okay, just the structure alone Like, you know, we know there's gonna be a lot of buying in here. No question, right? It's it's moving pretty quickly here and Then we want to understand in this area here. Okay, where's the buying? Where's the selling? This is this is what gives us the insight. Hey, here's our break to well even below 88 In that in a quarter eight and a half All right, we should probably get a little bit of a pop here back to probably 90, but we'll see Just based on, you know, the structure here, right now, let's understand volume with it in that structure. Okay All right, so this is why order flow wise We're still kind of looking for the move higher here just because there's more buying here But then we started to note. Well, if they can't Right in this little area, they can't make a higher high Okay The volume is starting to look okay exhausted here. That's not good. Right? And then up in this area here. Well, we got our little retest here and there's there's exhaustion again Okay, and it cannot make a higher high Right. We're looking for volume on the sell side here to start pulling this back And we noted it here. We got a little bit of pullback and we're like, all right, you know We're not quite sure yet But we're watching them waiting. Okay and Well, we got our answer here and Volume wise, I don't really see anything too clear in here To to help us on that the better read was here once this kind of happened though It kind of convoluted it and it was just like well, we're not we're not too sure. It's not really high probability here and then let's take a look at the The heat map okay And we can see this is where we get the insight right well, we already know here Okay, and and buyers were above it Hey, but here again high liquidity and they trade into it absorbed here Okay, cannot make a higher high. In fact, they even came in a little bit a little lower here It was absorbed Okay The heat map is giving us the insight here. Okay Higher high liquidity here trades. Okay, then they start to lower that that liquidity Okay, lower the offer here and we're not finding buyers take them on they even lower it here again Okay, and we see we found some sellers All right, so it starts to give us some pretty good insight now now you can see here This is where you see pretty good good distinction. Okay, we're noticing that the structure Noticing the volume in this structure and the heat map within that structure. It's giving us pretty good clues Here's where they really, you know pound it down. Okay sellers high liquidity here. They don't even test it Okay, and they do it again and again On the way down here And look where it came back up and retested as well just about where it dropped from here So some nice stuff there Anyway, that's reading the context in here. Okay reading the order flow within here and Yeah, let's just even I want to even I want to even show a candlestick example And let's take all of this stuff back off volume bars It's fine. Best been offered. We don't want and let's put a one-minute candlestick chart on Just trying to hammer this idea home. Okay, so in the candlestick chart, right? You see wicks on both sides here Okay, and then yeah, you do see this kind of failed here and then this isn't you know This is kind of part of that candlestick pattern. You you kind of look for them to drop it down below here And then the follow through to the downside not not bad not bad on that one-minute chart It's just that you want the order flow to confirm this here in the candlestick. So this was at Let's see 1014. All right, so let's take a look here Okay, and let's take the candlestick or let's put the volume dots in the heat map best been offered back on Okay, and then let's zoom in to 1014 Yeah, I mean this still could have failed here very easily. I think very easily You know, this is this is where you got the confirmation of that candlestick But you got the confirmation the candlestick chart right here and the order flow is what's dictating it All right, just what we covered same idea right here, okay? This is where they dropped it right here buyers could have taken it higher right and this candlestick chart would have failed Right, so if you're if you like the candlesticks I'm just trying to show you like some of the things to read within within that one minute to get understanding that this candlestick If you have hype if you follow it you have high probabilities on these candlestick charts You know you've done your studies on it and you're looking for that follow-through the order flow supports the follow-through. All right Okay, and use that same good morning, Joseph Alright, so anyway guys just If if you're trading candlesticks you're trading fibs and and Joseph is Trading fibs. He's matching it up here with the with the order flow Anyway, let me turn it right over to Joseph and and take it away. Good morning traders. Good morning everybody So we'll start over. Oh Joseph right off the bat Allen and Others there they really want to look at GameStop So I was this morning with not only GME but we were on GME AMC and EXPR So Okay Put them both over here. I will do like this. So we'll we'll follow those stocks This morning traders. I saw something that in the last 20 years that I trade and I was saw pre-market AMC 274 million of volume. This is something credible never saw something like this As your future is really options really time and market to the decks footsie, whatever But this mark was simply crazy. It's simply crazy. So Why all this volume first of all a lot of new accounts? second much manipulation Jimmy you have to know what you're buying. Okay, so we had some setups for the long I'm not looking yet too short I tried this morning to buy some puts over here expirations 21st and 12th of February And I was looking for buying 120 strike because they weren't the most Liquid but I couldn't get a fill the same other members who I trade with So you have to know where you're trading. So you know that this is not the price of GME all this is because this stock has a huge amount of short percent of float. Okay, so it means that I Think like 80 90 percent of the float is short on the stock That's the reason why these big squeeze these big moves If we were looking over here yesterday Everybody thought this was going to die and it came over here 80 and then we started having this big accumulation You can see it even a better on a five-minute chart and at this time over here this Breakout led to a big volume burst over here and then you can see all to the upside This morning came to the 370 then 385 and now it's simply consolidating above this line over here 260 So my goal over here is to buy puts, okay So I will wait another spy 330 340 350 to buy different strike puts 100 150 and 20 AMC again Voluntary pre market was crazy. Generally in pre market. We have bars on one minute chart. All right off 100k 200k even 400k Here we had bars of 4 million in pre market 4 or 5 million never saw this Simply crazy So right now you can see both stocks are consolidating on this EMA you see this five minutes and it works super So basically If I have a book map, I look too long over here. I look too long over here I look too long over here and I look too long over here You have to know that we had so many outs this morning out downs out ups So it can go both ways. Okay. The worst thing is to be stuck in a high liquid high volatile stock during a halt Okay, especially if it goes against you. So right now we are rejecting over here. So this morning We started fading from this area into the 350 Let me get book map over here. Okay So Let's see loads Think I have two things Up over here at the same time Let's block for now. Let's see Let's see to Are you open book map? So let's look over here also amc while book map is uploading Okay, some curl over here on amc Some curl over here on gme Some big resistance 160 and 50 over here. They remove liquidity. Okay. So finish the load Okay, we can start Looking for the treats So first thing Gme my goal is to short. Okay. I want to shorten to do this area start shorting puts Not the fried expiration. Okay. I want to see February So looking for at least two or three weeks from now And I'm looking for out of the money puts. Okay For the fact that this move is not because we have We had bigger earnings profits from the company. This is due to short float and short squeezes of early short sellers So that's the point that I'm looking gme to be around 80 100 Okay, not absolutely 350 or 380. So up here will be a very good level to MC over here Breaking the 16 consolidation So fine support and all morning we scalp over here amc and gme buying dips Selling pops buying dips selling pops Also, we had expr expr made A first curl over here We had your own Scurling down you had msft. So we had first a fail And then all the way up msft over here scurling Let's see also the book So some big resistance over here to 240. You can see traders amc curling over here Risky and 20 cents They're soaking big at 60 16 50 buying more Taking some profit into the ask Holding the remaining position all morning. We did like this. We started looking for bull flags Watching for this basically the majority was in pre-market So right now we're over there. You can see that 17 mc Has some resistance. Okay. So I want to see a removal that the resistance traders And the same thing msft too long. You see it. So pretty good over here Soaking big 16 70. So when I say soaking means that somebody was absorbing on the ask That's the reason why taking more profit So beautiful mfst And amc curl up max risk break even over here. Okay flatten out We have to wait for another burst in volume because this is a big resistance 17 Let's go back jimmy. Okay jimmy over here. Let's see if we have some resistance Okay, possible breakdown I've here started taking a short on jimmy over here Risk will be this area 282 So looking for this unwind Uh, I see only sellers on the tape. I was looking this this morning So some lateralality over here This is only a scalp. Okay. It's not the trade I want to hold from now till February but I like this pattern formation j lines over here. So I need the curl Right now they put some support into the 276 So we'll see 17 also over here Let's watch Short over here on the rejection Risking 17 Gonna scale in more So I like to use book maps in this way If this will start shipping in 17 I'm gonna get out Let's see the first rejection 250 35 Out because they will probably pop So waiting over here This was a good attempt shorting traders. We had the big resistance. The volume is too strong. So I'm not going to fight it Okay, over here we came up. So we shorted looking for the breakdown break and then come So we are just near that resistance at 285 That would be the max risk So when you're trading a stock of $200 Always look for 10 bucks in 10 bucks So 280 to 70 to 60 to 50. Those are the resistance that Basically over here, it puts give out a little bit to wiggle room. That's the The level on the tape that I'm looking at. Okay, so we have this Let's say big wedge over here. So these are the levels to 60 to 70 280 to 90 and you can see each dollar number. We have Resistance liquidity So big volume over here 525 million On amc today Simply crazy In the room this morning Five traders above five figures So we did pretty good on gme mc xpr And I think today we'll see some six figures as well with this market Is not hard to to make Big p&l when you take the trend And just look when you trade a squeeze over here this cup at 255 we went through 379 Okay, so Looking for a curl up over here We have some liquidity 286 I want to see the break of 290 holding that support You see over here. We start To have a curl right a first curl. So watching for this level Just a few questions here. George is asking That yeah, sometimes you mentioned that you you traded in scalp futures But mostly trading stocks. What's the reasoning or preference for stocks over futures? Maybe stocks are more interesting because you have news you have gaps You have you talk about company you talk about the press release Uh, you have a lot of pump and dumps. You have a lot of fluff news to shores sell the new scenario um Futures instead are more say structured. They have a different price action and Both are good to trade in this market Uh, we've been having a lot of setups one and other one. So Uh, even this morning on es we had some rejection that will curl up So I would say both are good to trade Uh, if I would have to choose Only because right now I'm a little bit more in the stocks. It was true stocks small caps and big caps and definitely options Because I like to trade them. I just want to show this. Okay. So this was es this morning So our setup gave us a short Exactly over here 6 20 Exactly over here where you see these errors errors All this so also add the blue line. Okay So I move over here 50 points Then over here nothing because we're not yet the blue over here a first stop But all this is a trend we had Uh, let me see over here. We remove a liquidity to 90 possible break Anticipating that breakout Buying over here more Buying over here more think we can have a big push The risk would be pretty six Any xpr at the same time traders This over here. This is the long we had in the morning 6 60. Okay 6 60 Selling something 295 only take profit Okay, 297 So we want to see above 300. It's a big catalyst 300 So we'll sell something before the 300 always sell on the strength. Okay Never sell traders On the weakness Okay, we sold a little bit more So we bought j-lines curl perfect Okay, and this is what my traders are doing Five figures today Okay, this is how you trade trading these setups over here curl up one minute j-lines And beautiful So now we have to wait because you're going to break 300. So I'm just going to show you here. This is the cup pattern This is the j-lines. This is the volume Okay, so How to trade it? So 310 over here Now we use 310 as a support to sell. Okay traders. You see it 315 let's see 315 315 17 they're still buying over here. They're still by the short short squeezing. Okay. Boom. We'll go 320 If we lose 310 I'm out another portion Scurrying no Out a little bit more So before we had that and then we started to sell up here up here up here Now still going Okay, so right now inside bar expr traders we missed it Sorry, but this we started at 1020 the curl A plus setup over here So let's see. I'm gonna take off more 310 Okay, taking more taking more over here and now just holding Small give me another bounce added more So I'm just calping my way up with these bounces You can bounce good from that 303 below 300. I will stop out my average 304 right now I need to see some big bids right now. I see nothing 305 they removed. Okay, we can push more beautiful So selling something over here into the ask Okay, right now risking break even Okay, so I add on the dip sold over here on the pop average 305 And I think we can see again 315. Okay traders. Boom. Let's go for 315 Uh propping over here. I started looking on the right if I see times in sales green Okay, so 305 is some cushion 310 would be better Okay, 310 315. Okay pushing more right So selling into the here in the ask Getting failed boom another one So pretty good how to scalp over here with an anime and now risking practical break even When you see those spikes down means that we have sellers So I prefer to take a little bit more profit Yes, 310 filled Now flat over here. Okay, so we took the first top over here with small size then for the a plus setup We simply put more size and you want to see 320 325 and possibly break out Okay done I sold everything forever but basically This is the play that you have to look at So you see the j lines over here over here So you see this the first one and this over here the second one, okay Is it clear traders how to trade this? This is basically what to do all morning in the room. Some position will be like, you know by And hold some position like this are for scalping, but I believe that we can push even above 325 over here The xpr some selling Some selling Hulled down. Yeah I am sealed it here nothing We were looking at You own as well. Okay, you on a stride you see it This is interesting because still didn't didn't Unwind it. Okay This is simply amazing breakout of the pennant and boom are long over here Too bad. We sold early. Okay Too bad. We sold early Joseph your J lines, um, did they also work a kind of a pre-market? Extended hours. Yes Absolutely. Yes pre-market we I just want to show you something Bruce two seconds So pre-market We basically trade only long and over here was each time long Buying a dip selling the ask buying a dip selling the ask Over here Again with the daylight squirrel up so basically The point for me is never by the breakout. Why now I didn't enter over here Because I cannot buy the breakouts. Okay, I always wait for this Dips or the j-lines or in this case 90 ma we here you see I over reclaim as we I was waiting for this dip Each time we buy on the ask Sorry on the breakouts you have a I would say Wide risk. Okay. It's time you buy on the dip You have a lower risk Traders cause another miss And this was another curl up with a one minute j-lines. You see it over here. Boom Okay, this is how to kill it really all morning kill it This is a setup. So you see the big consolidation over here and then you see the long setup over here Okay, so this is the long exactly when you break and then over here you see the volume, all right Okay, so let's watch over here for costs. I'm gonna Put it on book map as well And a lot of examples over here This market I still didn't trigger short today being that I like also short besides over here, but This market is only too long. Okay, don't short it until you don't have like Big bull trap or parabolic move A different position for me on jimmy because I want to buy I would say Weekly and monthly puts Look over here. I was soaking at 240 traders over here They're trying to soak it small scouts short risk in 240 and 30 You took a feeler over here When I messed up, you can see it Think we can have some Fail So let's put also MSP over here So what do we have in over here? We have this resistance So it's it broke Now it's holding over here, but we have a very tight stop. So risking like 200 bucks on this Okay, almost time to exit. See only green exit boom stop. Okay So we'll probably push over here more. Does it matter? Fight cuts Joseph, do you maybe I can you define that a little bit? I mean, I'm seeing like a couple of Different ways. I mean a big distinction here with scalping and kind of trend trading or momentum trading Yes, so When I'm trading The setups everything has to be specified Everything has to fit my parameters. So everything is from a playbook When I say longs over here on jimmy when I say longs over here on cost These are not scalp. These are is my playbook today trade Then we can scalp it along the way to maximize the profit like recycling by the wise Many of the traders buy over here sell then on the dip they can rebuy more and then sell Same over here buy Sell on the push and then trailing the rest. Okay So Scalping is something would say I do it only for a limited time frame so like maybe 30 minutes one hour in a day Just to recycle some shears, especially if I take Borrow short I want to reuse them But otherwise I prefer more position trading so Longing into this dip selling into the pops and vice versa Over here traders once we cleared I missed my I missed the long entry Was over here looking for this uptrend triangle this micro cup removal of liquidity So I want to step in over here for our scalp long but nothing for now I would say to go back on jimmy Really my error over here hot key error to Exit that early at three twenty really no reason to exit three twenty I mean, I just there is a limitation here with this trading room With us and there's a specific time frame and you are trading within that time frame So yeah, but I would say today. We're lucky because we have a lot of big big opportunities, uh, Bruce Yeah, I mean the bigger opportunities are in in line also with the smaller ones today And I'm just you it's a it's a harder job when you Are in this room to trade the time frame That the smaller time frame here But today today you have it nicely lined up And yeah, you know five figures unbelievable Like over here traders gme 350 this is a big liquidity. Okay. I don't suggest you really to short something like your jimmy. Don't do it Don't do it all more. I'm saying traders don't short But when you scalp it it's a different Different situation. So you scalp over here short you cut it down over here a big partial and then the stop to break here Okay, so when you put the stop right away to break even is stress free Now probably this will hold 341 and push So we can probably look to buy some dips a feeler Let's see 341 340 I want to see some bids forming Okay bought over here bought more so Think we're gonna see 350 breakout and again we took another one you see it Longed again at 342 And we'll have 350 breakout they were filling over here. So they're putting more on the ask but We have a lot of buying power. Okay. You see how it's easy over here I waited at 340 to give me the support and then I put over here right away about I couldn't get the ad Unfortunately, 343. I didn't get filled And now I'm looking for this curl up in the 350. All right. So now's another easy I would say eight points move would stop to break even 342 holding over here 342 Okay got out so I didn't risk anything. It's okay if we didn't take profit, okay But that was the correct thing to do bought over here. Then it's over here in the soak I still believe we can have more three 45 350 over here breakout If I see some support We'll get in cause is still going up 30 incredible Okay Let's sell something to the push So something over here into the push So we got that breakout beautiful, okay And again, we can sell a little bit more over here boom So each time I have this support over here the 90 may 90 may I look for dips to long. Okay using bookmark Very easy to do it. Just follow the main trend. Okay Sell a little bit more in our entry. I tell the traders was at 355 and now it's 374 Okay, we'll go 400 boom 377 and this is a really stupid small position But and sellers over here careful so we can flatten And then see if we can have another Another trade So don't short traders. Trust me. Don't short Jimmy. Okay. I still want you see it. I want to see around in 10 years from now Last year So this is me being honest. I was trading I test often a few indicators a few strategies. You see over here, for example, these are okay I was testing this on a small account Basically blew up because it still was not ready. I try things on live account small account, you know a couple k Something like that. Just to see how it performs your mark. Just simply two weeks blew up So my point is be very very precise in trading When you're testing something if you have a big account, don't ever do it. Okay, so I trade multiple accounts I might trade a very small account when I'm testing strategy or another pattern Don't ever do something like over here. You're asking about J lines Don't ever trade J lines if you don't know the rules if you don't know how to trade them Because you need practice Okay, you cannot simply jump in something because it's working for me or it's working for bruce or for somebody else You have to test yourself journal journal it Back tested. Okay, and then see the results like bruce said for example, I can scalp pretty decently I would think Uh, and I can trade much better when I day trade for I would say one two three four five hours position Everybody's different. I have friends that cannot do that in two minutes. They have to be out of the trade Okay, so it depends also from your personality So my point is to be always honest with yourself So you cannot trade everything your style cannot be all the styles You have to make money. So it really doesn't matter if you swing Or if you trade like 15 times in a what in an hour, all right over here is making another Assign in triangle Careful because we can see even a soak over here in a possible fail. Okay. I cannot short something like this I cannot simply short because in two seconds can go 390. All right I mean bruce look this stock costs 10 bucks was and now it's 30 Just short squeeze manipulation that they are simply incredible my friend unbelievable. I mean, it's just unbelievable Yeah And look at the volume amc trader today bruce look 600 million I mean, I can't believe that I mean You started off the webinar and that you've never seen anything quite like this and I mean You know, you've you've been training Mom, I'm yeah Yeah Yeah, incredible Okay, so over here traders you see We are looking for a possible soak What If it would be another stock, okay This 376 is nice to trade with this risk And as soon as they topped over here, they put a little bit more resistance. You see it more a bigger heat map And then I dumped it. So that's the I would say The main area Okay, this one so we had a bigger heat map You see over here and then they started to break the trend line Rejected and then dumped you see over here a rejection. This is Rejection And often when you see these uptrend you will see those rejects but having said this This is not absolutely something to short Okay Prefer to buy dip longs. That's it So let's see if we can have another cup of trades. Missed a big dip over here my fault Trying to explain things but it's hard to explain also when you have to trade Okay, another curl possible over here holding 368 365 Rejecting this level Bind over here risking 360 You can have another push over here traders Okay Let it curl Ready to cut it ready to cut it over here 360 out out So you see over here super fast a little bit bad fail and didn't take it properly still trying to use this 9ma So it will trade always small over here and looking for bids Okay retrater over here We can get 360 want to see a break of 370 and new highs So a lot of sellers you see the 360 400 times in sales Want to see high liquidity green Okay above the 366 370. We're going to see the clear out of the 370 Now risk and break even 370 is still refilling the ask you see over here. We have a big seller 370 Okay, it might be done 370 And you see over here traders. They're trying to push the 370. Okay liquidity gone boom Now we're waiting for 380 before taking any profit. Okay Let's wait for 380 core break even In the money 366 or 380 first sell where we have those previous spikes But look over here. This is what I don't like to see all these red. I want to see green. Okay So green fuels my long and I filtered this 1999 Okay 375 breakout coming You see how holding that did 374 beautiful boom pop Selling to the strength over here Actually, we can cancel it went a little bit higher 375 they're holding Possible curl boom Selling on into over here Ask okay fail 380. Okay. So we just got back the loss And now we're risking the 370 in the money But right now we're forming another curl up over here And I believe we can even go parabolic. Okay So what's for parabolic move? Big soak that 380 look over here bruce some big liquidity stack that 380 17 000 the point is that refilling I think we can go 400 plus, but we'll see price action talks Yeah, I mean these guys are staying in the book and they're they're absorbing and getting filled but then it just trades right through them Uh, and it's unbelievable Let's talk like this right all the findings and everything that it prices 380 I said only manipulation big job And also traders I would say huge amount of Of You see over here. So we stop in the money before this crack to the downside. Okay, so we were at 365 we stopped 366 So this big wash over here. I should have bought but you have to be super quick You can buy the dip support near 350 Look over here. This is a huge one huge one 350 huge one 350 I think Bruce we don't need anything else this morning besides jimmy. I think this is the stock to follow over here Yeah, no no question um Great great stuff joseph Thank you bruce Basically, it's uh One of those stocks that reminds me a little bit of elfin Uh, remember traders, uh when we had the big push I think till what 70 something And it was worth nothing. Okay, jimmy is a little bit different from that but The impact of the short percent of float and the manipulation the volume the flow rotation everything So gave us that huge amount of squeeze elfin. I think was from eight ten bucks till 70 76 something like that Cost is still curling over here Incredible and big big I was doing this morning cause Bruce at 19 Over here buying this long over here in this cup pattern Selling it over here then over here. Look what it did. Look what a cup pattern. This is this is like playbook Yeah, beautiful What a crazy day Yeah, yeah, yeah, it's uh, it's really incredible. I mean generally use, you know this morning was looking at spce tesla I took a look like before the open and in pre-market and ms of t, but I mean when you have stocks like this I mean cost from 10 bucks to 30 4amc That's that's the only thing you have to trade Okay, possible not a long coming over here Let's see if we form some support always small this time When I see i'm 365 368 you see under over that 9ma. Okay, so i'm looking for that Still not ready Without the support and support is not only for me watching for a heat map. Okay. Support is also looking for a bit there The filling over here So let's see if they can hold that support Okay, about something risking 365 Very nice top stopped over here. So didn't work Still was a good setup because if we look at this pattern We're going for a possible breakout. Okay looking for that 360 my last long over here When I see a push above 370 Okay needs to find the support right now. We don't have enough support over here Let's see 370 push Careful below support micro support 363 10k seller over there Right now below the 9ma Okay, 368 We want to see 370 Fill something 369 now risking break even Out the rest break even And i'm looking over here to this other formation So we have this uptrend You see it And we have an ascending triangle over here. So let's see if we can break this 370 to enter along for now Nothing trendline break This is Also the volume you see over here the volume is falling And then over here you have the breakdown and now possible unwind over here 46 million volume for 350 dollar stock Not that volume for today. Great training joseph. Love the way you reduce the risk Yeah, it's time. I'm in the money. I move my stop ideally to break even What's you know, we're here for a dip to buy on the 350 But I don't see still that support that really tells me. Okay. I have a tight risk So I need to wait I like the dip. I like the dip over here 350 important level Joseph, do you want to maybe talk like in a strong market like this? Talk about maybe the differences between Um, you know counter trend trading versus trend trading for scalping Yes, so basically When you scalp traders, uh, I give you a good I give you over here a good example. So let's look together So scalping counter trend can be lethal for you because basically This is was a IKI I'm talking about this because yesterday. I I looked along over here 150 If you scalp it counter trend means that each of these extensions You can start skilling in and then covering to the bit Skilling and covering a bit But if you have a small account or even if you have a big one You never know if this can go parabolic and squeeze you and you can never like covering to the dips So for me is never too short when you have a strong uptrend when you're above over here the jail is going up But always look for example to buy the dips like over here, all right near the 90 may when it reclaims over here over here and then scale out on On the on the extensions When you have instead backside It's different So when you have backside then yes, you can scale in short Looking to scale in because you're still going down scale in because it's going down and then covering to the dips So it's like back and forth back and forth back and forth or you simply Buy a late a fade short a late a phase or Over here you have curl downs a line rejection and you take the hole on wine So what about like when it when it hits your your purple j-line there? Then are you getting your your decision based on the order flow and book map? Absolutely, yes This line over here bruce look one second This morning with book map was sick Simply sick look over here I will show you four stocks. You see over here buddy at seven Yep mc boom bounce you see over here again boom bounce each time I saw a fake breakdown of book map reclaim boom you get it long And then we have the same exact thing On other stocks. So this was expr You see the dip over here Bottom tick the same time I go to check book map has a main support a main I would say absorption level. I take the long Okay, so this is the use that I that I that I do of the the levels I have in my chart Fantastic this level over here traders Simply bottom Dip okay, so this is the long plus Book map Okay, so let's go back to jimmy. I really can't really wait That this will simply dump bruce. I mean, unfortunately We had a lot of traders I believe nothing my room because nobody was short, but I believe in general that had margin calls Traders who saw yesterday price 80 They shorted then reclaim 100 then went 200 300 350 380 So I think this was a mass murder And I'm sorry when traders lose because basically nobody has to lose money in in trading That's a big rejection over here. I want to put over here expr Bruce because this is I would say very interesting stock 350 as well So hold down our expr. We have to wait Spike over here Let's see if we have a dip at 350 and then we can buy again jime 350. Don't tell me I missed it will be pretty Upset with it So I was looking 350 support to buy on the breakout and retest of that support Cannot break push over here 360 that will give me like 10 bucks risk So simply I can't Open over here off expr The expr halted again And you can see traders this each time even expr went below the anime reclaim Pushed reclaim push reclaim push each time did the same exact thing Okay, so look at what you had over here 360 these big spikes We had some liquidity stacked And then right away fake break up so support 350 spikes 360 so sellers over here buyers over here lateral waiting, okay No a plus setup simply sidelines still 50 support We're waiting over here that expr opens They're stacking 357 Got a small long over here Think we have another push about 365 350 stacking bid Possible push 359 plus 360 chopping Okay chipping sorry chipping boom up Okay, 365 coming Okay, another one So let's look over here Selling something to that now stop maximum break even You see that we have seller traders At that support at that the resistance level 364 365, okay, we can cancel this I want to see 380 right now Okay 380 365 So again over here possible breakout Boom, let's see a push, okay Okay, 365 went Break out over here So pretty good to read this stuff with book map taking some profit to 369 And it's not very hard to trade this stuff When you have the pattern Looking for the break, okay traders Fantastic trading Joseph Thank you very much Bruce. So we still rejected 375 By the way expr don't short it please all right 13 maybe a scalp but not really for Or I would say position traders 13 went Look expr crazy Okay, 375 possible curl coming Think if we break 374 we may add a little bit Rep inside bar in the dip Some support 366 very tight 370 Okay, they can't break 370 possible 364 I will use all trading stop Because they couldn't bring the 370 you see it They're trying to hold it but we have some sellers over here even their retail sellers And now 365 okay flatten boom out Because basically I saw cannot break this 375 cannot break this 370 so Reason to get out correct traders great trade management. This is just invaluable You guys let watch watch and learn from the expert here Thank you very much I was watching over here BB a BB why We had another breakout J lines curl up amazing Amazing amazing A lot of opportunities in this market So you can see over here All right You see the reclaim first of the J lines and then a second reclaim over here First and second and look at the volume over here increasing And trader participate during the day also in a Bookmap discord room, okay Often I put over here. I open I put over there charts for To study Okay curling up over here careful on Exactly on this the XPR Cannot break that high Nice stall over here Well, this heat map was beautiful over here Bruce. Look this 14 On the XPR Just need to short there I don't think that this is trading for dummies really Because it's very simple to trade something like that risking like 10 cents and take a one buck wash over here. That's that's your day. That's your panel 2000 3000 shares you're done guys Someone asked about the new discord chat room. Joseph has been very active in there. So Follow him in there. I put the link in the chat All right, so we'll have a new link actually it'll be bookmap.com slash discord or something but right now use this link Okay David Blake is calling you the Jedi master here Just explaining what I know buddy, thank you but look once We have this trend on gme. Don't fight it. No reason to go short on something like this with this volume So look only for dips especially when we reclaim this 90 made this We're here Sorry, this over here The pink one. Okay on the over on the over you can see we're here on the over on the over So now a possible breakout coming again. Boom So the risk would be 365 less trade Looking for 400. That's the reason of the trade So you see on the over Okay breakout coming Careful gme possible breakout coming Yeah, we'll there but is 375 say bye-bye Sellers cannot push this down. Boom 380 coming 380. That's it. Okay So sell partial over here in the bid take profit 378 now rest break even When I see now push to 400 if 380. Okay, I'll everything over here. I'll everything a little bit of slippage Yeah Okay done The xp are still halted So let's look less thing over here On the daily When I get scared a little bit Okay, so this is our stock So the point is down here we had the big Use amount of buyers Squeezed so I'm not really Looking too short as it's scalping or intraday But starting to take a put position With strike between 80 50 and 100 average Can be a good one. Okay. So that's that's my idea what I'm looking for Guys, I put joseph's contact information in the chat. So if you want to reach out to joseph directly Another dip over here in the 360 Holding 360 over here trader. You can see some I will say decent book map. So they're still trying over here dip to push it Careful on the xpr. Okay This seems like inviting you to take short, but it's still a strong uptrend I think over here we missed along into the 13 on the xpr Perfect reclaim of the the 90 main amount here is better over here like we added with only the One set of charts there Yeah, and that double. Okay. Yeah curling back up jimmy It's amazing how these supports work. Good. I mean if you want to trade these you want to scald them Red tight wrist. All of these are good. Surely have to be pretty quick fast reversal on the xpr Yeah, just just a note here. I mean take a look at the candlestick chart And then take a look at book map And look at these areas where the liquidity is This is the insight you're going to get All right, or you can use And understand understand absorption breakdowns breakouts the volume, etc within that structure And and that liquidity In book map this courtroom Thanks, joseph Very very Good at handling all the social media stuff Yeah, well, I try my best, but Try my best. Thank you any xpr pushing again So Watching this I would say for 14 bucks Let's try to take some short if you have bars personally, no Not looking to take these trades at all for now At all okay So staying away from shorting and I like to short Careful reclaiming gme the 9ma When we have these levels over here They said before They're watching 350 360 373 to read a tape you need those Um, I would say 10 dollars in 10 dollars on the big caps Guys, uh, joseph has been going for about an hour and a half now But we're extending this webinar because On days like today, this is when you can make a bundle Yeah Exactly Okay, so look over here together with me So we have a strong trend when I'm looking for a reversal Okay, and I repeat. I'm not looking to show this, but I'm going to explain you Uh, let's say you have an interday stock that is performing like this. Okay Uh, one heat map over here 14 Second one at 13 fifth 13 50 sorry another one at 13 So lower highs is like a stair step down then what I start looking I start looking for a possible Uh reversal But you don't know if it's a reversal or not first will be a pullback So I start looking for trend lines only down here trend and not really a great trend line And then I start looking for brake of supports And then also start looking for volume diversions over here. I don't see any kind of Yeah, I don't see any kind of volume diversions a little bit over here So this is higher highs. This is lower highs Down here, okay Let's put the same stock on a five-minute chart And we have even over here a volume diversions, okay So when I'm not like sure what a stock is going to do I'm looking okay. What's doing over here the trend We have like Plagg all right the pendant so it's going to take a direction sooner or later Up or down. We don't know Often what they do they push one side They trap longs and then when they flush vice versa, okay So the best thing for me is to wait that we have clear setup Once we have the clear setup we can trade it again. I don't suggest you to short this All right. I have to tell you that I don't suggest it's very short So bruce another crazy one this morning and okay From five bucks to 100 Calls they're telling me right now. We're up at 400 What's going on? That's just insane. Yeah, exactly Yeah, AIMO is Asking about that as well looking at Nokia Now let's let's look together one second. Let's look together over here I have my good thing And I filter over here for afternoon poppers. So another time we can talk about it over here in okia So we had uh, we had the news over here. Okay. I have to like this sorry traders Think this is a little bit too big Okay halted halted halted blah blah blah blah blah circuit breaker Nokia alert sweep Options blah blah blah blah blah Zinga It started with unusual option activity Earnings, let's see if they had earnings Two four now. So we still have some days Uh, let's see over here traders because This is What has given us this this this this so only uh Option activity alert Masking if there are any news on nokia over here Oh, beautiful rejection again bruce didn't trade this not going to trade this whatever expr rejection from Heatmap that's all you need to do This is what I trade generally at the open when I have poppin fails Exactly. I mean, these are such clean and clear examples of understanding liquidity And and price structure and uh, if the buyers are willing to take that on and trade through it or not Yeah, exactly. I prefer to see a rejection when I see a double rejection I like my tops. Yeah, just just beautiful. I mean picture perfect stuff Then I'm break down over here and then halted. I cannot see any other news on on nokia I believe I believe that everything started from this big jimmy thing And everything is going crazy Yeah, it's just triggering all sorts of other other stuff. It looks like Yeah, the first 10 minutes I couldn't trade Uh brokers were not going more than one lag on On on news and data Halt like every two minutes something was halting jimmy mc xpr cause was crazy so I said first 10 15 minutes even 20 minutes not doing anything. I want to see first the direction jimmy started to uptrend the xpr started to uptrend then okay, we can trade them If we are like, you know up and down up and down lateral. I'm not trading sidelines. Never Joseph just kind of thinking out loud here with everyone online But I mean this is such good content And so important to understand and understand the players involved here and and these big days and and and what to look for Perhaps like you'd be interested in doing a Webinar just based on this on this day What to look for how you're you know trading it. I mean these these brokers are not even offering services for for a while Etc So just just just a just a thought i'm Throwing it out there And i'll leave it at that Okay, okay Bruce Bruce another thing Very proud of my wife This is how she trades Long She loves book map and I got also book map for her So she's practicing on my accounts But she she loves to trade long and you know what she does very simple You have an uptrend with the jaylines. Okay jaylines is 729 You have the 90 may Okay, this Green one over here each time she has this dip she buys she sells she buys She sells she buys she sells so strong uptrend High volume necessarily you cannot trade a gap and crap stock like I don't know like What we have like a couple days ago like 8 p.m. Or obio land something was coming down Or c net you need a strong stock like this like jme or like xpr this morning and then you can trade like like in that way very very good Beautiful beautiful. I mean you guys are going to be the kind of new Rulers of san marino Well, I will be in Denver Hope to meet some traders over here will be in Denver. My wife is from there from the 16th of may till the Uh, I say 10th of june. Maybe even later. So I think I will be doing a A live trading session. Maybe one of two days I would like to program with you bruce and book map together if it's possible if covet permits, you know how things are but I want to make like A day or two day like stage where I've been our live trading together and looking basically for For patterns with book Uh, that that would be just a great event. Uh, would would love to do it joseph Great idea. I will keep you informed depends even for the covet, you know, if we can get all together Yeah I already have the place I think it's uh friend's place in aspen. So it can be even a good location Wow. Yeah, sounds great. Sounds great Yeah, and and sereno is calling you bonnie and clad which uh, it's the You know kind of infamous gangsters, so um, there you go You and your wife, um, and let's see bogdan was asking about Well, he was just saying here, uh, maybe uh, mik is maybe the next unusual options activity at melvin capital short as well So a couple of our other ideas he's floating out there for for everybody So a little bit lateral right now traders We have to wait a little bit Some big support over here 340 Still uptrend so i'm still looking to Grab a little bit of flanks. Remember, we are launch time. So i'm only afraid for that We're the first break 355 not going to take a trigger to pull the trigger until 1 130 p.m Generally, this is my I would say waiting time Not looking to To trade Because I need to trade. Okay mst Let's see mc. Oh mc. Wow mc Well, what a huge amount of Sellers over here in the 16. All right. So we bounce again. You see bruce over here from the five-minute zealons We bounced. Yeah, perfect Just just want to reiterate and we've talked about it many times before but I just want to reiterate here Joseph's he's this is the way he trades. He's got his j lines. He looks he looks for the bigger picture He's also got some fundamentals, etc. Then he looks at book map and he looks for the order flow to support these ideas And and to trigger the entries and exits and manage it very very carefully and closely because you can with the with the order flow um, the the key though is He went back. I mean he makes it look so easy here. I I've always believed this Very clean very clear very easy But he has studied this in detail for a long time And he knows that he has an edge here using his his strategies That's the distinction shadowing him and just following him through, you know Oh, I'm gonna trade and short the j lines or whatever is is You know, you might have mixed results and then you're gonna say well, you know what it doesn't work And then you're gonna move on to the next thing Instead of going back and studying it understanding it Making it your own You know that you have an advantage and then now Now you're gonna see your profit and loss change exactly I totally agree with bruce The point is that Let me see one thing over here bruce Let's see over here The point is that profit talk This is in the room today One trader 9k Uh another trader taking long 16 to 25 Sad record day Kyle I made in two days 8k over here So this is because the setups work Over here j line rejection So falling Right now Uh, as I said, I'm not really Looking to buck to short this morning. I'm not today not looking to do that. I want to simply wait There will be time Too short not now Okay, j lines over here Beautiful unwind beautiful unwind beautiful unwind. So I halted again over here expr so I'm not as I said looking too short and I'm gonna repeat it Look over here amc 1570 you have the view up in the j lines 1570 1580 At a certain point over here. We have the pop. Okay the big liquidity of 16 Just near the j lines the view up. Okay Over here we can do like this Let's put The view up why I don't see it Size I'm sorry view up over here. Why I don't see it Let's put it right and I put it right Session start settings 19. Oh, that's maybe why Let's put Um Zero nine apply maybe for this I don't know but anyways, I don't see the view up. Okay. It's okay. Anyways Once we went over here We started to get this big soak. You see the big dots over here But what for me is interesting Once we pushed against this 1550 and then started to unwind and that's 1550 over there Let's do like this It's a pretty big resistance See it over here Pretty big resistance We started to reject and then we had that unwind Okay See drop gme So everything is dropping the same line Everything over here. I think I opened today too many resources Are you there joseph? Can you hear me? Yes, it's just like Went back over here the Let me see Book map So you have a new new powerful machine, right? Uh, yes, but I overloaded with stuff today. So I have like Ah, okay You need a new machine Yeah, okay, so let's go back over here. Yes, br Okay Joseph whenever you're ready. I mean, this is above and beyond the call But you've been going to an hour and 45 minutes Well, I think we can Even call it the day over here because I think we explained a lot of things. Where do you think Bruce? Absolutely. In fact, I'm already getting like requests here to to post this Uh recording so as quickly as possible so everyone can go back and watch it and relearn Okay, okay, so Everybody waiting you next week. Thank always bruce for being so kind of here to To have us. Uh, thank you bookmark again. Have a good weekend. We shout if you need. Thank you very much everybody. Thank you Thank you, joseph. Have a great day You too, buddy. Bye