 Good morning. Good morning traders. Welcome to the bookmap live trading webinar today with Jay trader stocks trader We do this every Wednesday at 10 a.m. Is the time for our advanced webinars Joseph will come in a little bit later usually in about 10 or 15 minutes not 20, but And he's going to go through how he trades how he reads the market and In order flow and then trades from and making decisions from bookmap and order flow And learn about not only his strategies and setups But how he manages his trades his entries and that's exits and his outlook in site psychology on the market as well You guys know who Jay trader is he's been with us for quite a while and Really great performance with his trading I do have his contact information I'll put this in the chat so you can reach out directly to him If you're interested in mentorship from Jay trader or some of his other services here So look for that in just a minute. Let's go through the disclosures and then we'll jump into the live markets I'll go through some a live forward-looking analysis for right now And then Joseph will come in and start to look at his stock setups and trades 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 risk to our 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 involve substantial risk of loss and is not suitable for all investors An investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. All right. Let's jump in. Let's take a look at this S&P It's all over the place this morning and As you guys can see in here Sideways market so far for the day since about 6 a.m. And then here's the cash open and it's just all over the place So we're still around this 3850 level. That was a target yesterday And we went quite a bit above it as well back up into about 70 almost 75 Yesterday, so let's let's take a step back. Let's look at our higher time frame candlestick chart And see what's going on here. All right, so here's our daily. We talked about this guys We even have been we've been doing this for quite a while extrapolating the data from these higher time frames and Understanding them as order flow even a daily chart a weekly a monthly does not matter It is all order flow. It is all an auction On all time frames. There's just a lot more going on in here. There's geopolitical. There's data Economic events. There's all sorts of things yet. It comes down to it. The market works based on supply and demand and understanding the auction and The amount of orders in that auction and that's where book map can come in really handy to understand those orders From the most binary Sub-second level on up to these higher time frame. So the order flow here on this chart was pretty simple, right? We're in a downtrend here. We see this reversal pattern. We see this big wick in rejection a Little back and forth in here, but the buyers had one out. We were looking at this potential move up into here I don't know. Was it beginning of the week or last week? Friday, I think maybe coming up in just 30 Somewhere between like this kind of 3800 to 3815 or 20 And then if it can make it through and bust out from that area the next level we're looking for is right about here Which is 3882 All right, and if we can still find more buyers that what this is where the selling pressure came in It's up here a little bit higher at 39 25 let's call it okay So these are the levels. This is where we can see selling pressure Taking the market down back and forth buying pressure come in. All right. Well, how much buying pressure do we have? That's what we want to gauge in here. So let's go over now to the hourly chart Well, pretty strong move in here and then the continuation Here's the hour today for the cash Session right here this candle and then on the 15 minute chart So we can see the strong move from yesterday. This is a beautiful flag pattern guys A strong move up pull back And we're looking at you know more buying pressure starting to come in here And they just push through at the end of the day here on the hourly the The 15 minute chart right so strong move Here's a the end of the day yesterday cash session pretty strong pullback And then it opened up down here Right about here just below these swings guys This is why we look at these areas in here in the order flow These little areas where there was a pause and a breakout Retest and then a breakout Now we're down retesting below those areas and then here's the gap in here. It's already been filled And we're still finding more buying pressure in here. Okay, so that's interesting All right, so if there's still more buying pressure in here, where might they go? Okay, well, we see the wick came up to here To 61 38 61 And we've we've gotten a pullback so far Well, if there's still more buying pressure, how about coming back up into this 68 area or 70 like yesterday Somewhere around in here Right on this 15 minute chart at this time right now that is the main Or primary scenario we're looking for Okay, if we come back up here, this is going to be a double top on a smaller time frame Retesting this area and we're going to look in the order flow Is there more buyers up here are there more buyers are going to take it higher? If not, we're looking for a retest right back down to 38 50. That's the secondary scenario here Okay, so we're understanding order flow here on these time frames Let's look at book map. Here's our double top. Okay, we knew that was going to be a double top Now what's the order flow telling us? Well buyers in here Do are we getting a lot of buyers up here? No, we're not. I see a lot of selling up here All right, so let's see these sellers take it down to about maybe 52 or 50 Okay, look at the offer as well. They're on the offer here Okay, and we're looking for sellers to take it down and trade into this liquidity here Guys, it's really as simple as that now. This plate is is playing out pretty pretty nicely And we need to see if we get follow through here, but it is Just a very very simple read there Okay, just based on the order flow in here Okay, we know the order book and the and the and the transactions in here All right, so uh, well now we got to go through that other scenario in here, too Okay, we saw sellers up here So we're looking for the continuation down into 52 and 50 What if we come back up here and we get buyers lots of them like these big red dots up here We want to see big green dots even bigger green dots up here Okay, then we're going to go back with our primary scenario on this 15 minute chart This will be the triple top and we'd be looking for if we get buyers up here We're looking for the breakout up into Well, we'll call it 70 Okay up into here All right, so what these are the two scenarios that we're looking at here Uh, any questions on that? It's a good morning, Tony. Um Wet and rainy in kawai. Yeah, it's kind of foggy and wet here as well in new york Anyway, joseph should be in pretty soon I don't know if we'll have time to see this if this scenario plays out or not Um, one of these scenarios here Okay, more more selling coming back in now. We can also read this order flow in this move in here Or we we mark these up all the time Um and compare this move here on the buying and this move here on the selling seems like there's more sellers Uh in here Right and also on the double top up here. There's more sellers up here Okay, so we're coming back down I'm still not seeing sellers here, but we're looking for them for that primary scenario on this short time frame here Looking for our sellers and try to reach back down into 52 And a half and then 50 Okay, more sellers. All right sellers. You got it wide open here. Let's see if you can push it now 52 50 Look at this liquidity that just came in here around 46 So maybe we can get a move down there which coincides with the bottom of this range in here So feign welcome Totally new to book map. Uh, what's the difference with mbo mbo stands for market by order data Uh, it is more data that you're receiving is from the cme Group futures in this case That is their name. They put it. Uh, it could be order by order From another exchange or market by order Uh, and it is it can show you also position in q Right. So right now in the c o b column on our current order book Uh, this is showing you the amount of contracts here at each price level Well, you can also see the number of orders at each price level We we um Don't have that right now here in book map. Uh, and we kind of bypass that whole, um Uh Position in q thing and said we went right to stops in icebergs because we found that with this information we can derive When icebergs are transacting And also when stops are transacting and we have this context between the two Okay, guys see how like we're looking for sellers, but we came through this scenario in here If we can get our buyers in here, we're going to get our breakout Okay, this is our triple top and i'm looking for them now. I'm looking for buyers in here Uh, we just tested up here. We're finding some let's get another retest up here More buyers in here. I would be looking for the move into 65 and potentially 70 pretty pretty quickly It would also means that we have some sellers in here That would be a stop run to the upside and it should be a good one Okay, so all of these sellers in here will be compelled to be buyers up in here All right, so still hasn't played out yet, but we're looking for it and Let's see it buyers. You've totally got it here Not yet not yet Might have to dip down to find more um, uh More buyers at a lower level. Oh no, here we go. Okay, we're we're gonna get it here So looking for a 65 67 and 70s Uh levels here. Okay. Good volume coming in Okay, now we went through two different scenarios in here. We immediately thought well, there's sellers up here We're finding more sellers come in. We're looking for the drop lower It did it didn't go into our 50, uh level here or 50 kind of 52 and a half 53 here. Um, we were looking for a bit lower than that though Matosh, good morning. Oh boy. Good morning morning everybody And I'll still no follow through on the on that buy side in here I'm still looking for it though, and I've got this up a little too too big here Okay, we did get a stop run here Anyway, that's what we're looking at Now this is after 10 o'clock here. Obviously, there's some data in here guys. You can note how it you know It's data. Um just by looking at the order flow here. Look at them pull liquidity before 10 a.m And then start to add back in um right around here Okay, and then the heat map see how it's dark in here. All right sellers still coming in Still finding some sellers in here Yeah, just to let you know like um I would have been I would have been in this uh in here. I'd be looking for that breakout I would have been stopped out for a small loss on this one Okay, but it's just what I'm looking for. I've seen it happen enough. Um, you know, I'm also very aware that this may happen and um We may have to come all the way back down into this this liquidity down here and then bounce back up and come through Some of these upper areas here We've seen that so many times and when you start to see that buying strength come in here You can look for retest back up to here and then follow through to the upside Okay, but at least I'm I know what I'm looking for. I'm I'm looking for this to play out And it just is bashing around in here okay, so um uh, anyway, you know, it's uh It's up to your your style of trading if you're you know looking for breakouts and continuation and the order flow Is telling you something um Or are you uh pullback trader and looking for something like this And then looking for those buyers to come back in like this and then back up into 65 70 Okay, so this out now that scenario is playing out pretty nicely here. I'm I'm still I'm looking for it here up into 65 Okay from 60 to 65 here. Very good. Good morning bruce. Good morning, joseph. How are you? Good morning. Uh, good uh, thank you for And the presentation I was looking at. I was listening what you were saying Um, totally agree No, you wouldn't you wouldn't agree with me. Uh, you don't you don't take breakouts. You say they're sucker trades No, I like breakouts, but I wait for the pullback. So If I look at the breakout, I love them So like microsoft just now at 233 But I wait for the first pullback to enter long So I don't like you on right on the breakout because this market is uh, just look at you as this morning For example, this mark is like trapping a lot of uh retailers So I always prefer to enter on the breakout on a pullback Okay, so there you go guys, uh, I would have had a small loss on this I would have been back in this though and looking to take some off maybe at 65 But I'm still looking for 70 So two totally different ways of of of trading Order flow reading is basically the same, but just two different totally different ways of managing it And that's based off of my own Fear of missing out, I I believe but uh, my own weakness there on joseph Let me stop jabbing and uh, jabbering here and give you, uh, the Uh screen here so that uh, we can go over your stuff Okay, you're all set to go All right. Good morning traders So, uh, first of all today before starting with uh with the market with the trading, uh, let me just like Uh, explain you two seconds One setup that I see recurring in this market So being that we trade small caps or big caps or even futures This is what the market is generally Doing in a market like this and I just want to share with you a few key points So that when today I'm going to explain the setups, you're going to know exactly what I'm looking for So I'm a trader data. I'm a day trader. So um besides looking for Runners or main uh gap down place I look for levels where I see a lot of liquidity stacked In this case, you can see, uh a stock over here With a lot of liquidity stacked at 3.50 But again the same pattern this morning happened on google and microsoft, which were the main place that I was watching We see over here another main key area at 320 We see another main key area over here at 276 275 And above we see a main key area at 4 so All of these levels are called heat map as you know right now the more this heat map is Uh rejected with speed. So the faster is the rejection in this market. I'm talking about october 2022 the higher chance Of a better unwind by subversive for the bounce. So what do I mean by that? If you look at the first example over here You can see that we have a spike and right away we reject Instantly from the area of heat map at 350 Also 350 have to consider a half dollar number We have over here the pre market low in this case And you see that right away after that rejection we start making lower highs. So this is a very good sell-off How to recognize it you see an instant stuff instant rejection from an area And again the same thing happens on the long side. For example this morning We had the same setup on microsoft and uh google The same pattern over here happens around 30 minutes later on At the seed map at 320. So you can see we had a bear flag over here is arrived plus a very fast short rejection And then over here we have the last one That doesn't react instantly from that level, but you can see some consolidation and dump So the main point in this market, especially because we're generally seeing a bear market all of these stocks in the last Six seven months. They're basically unwinding besides, you know tesla over here the last four days gapping up and pushing Otherwise all these levels are main rejection too short. So let's get Into today's market So today we had earnings on microsoft. So we had a gap down play We had earnings on google. We had a gap down play we have tesla which is Running a little bit. So 227 I put over here a A swing alert a few days ago I also posted on my my twitter account on the 20th that 180 To 200 would be main level to long tesla for swing But this was I said a personal entry level now we're getting 228 and 50 my first target is 235 and then 250 Let's see if we're gonna have it Now having said this Remember what I just said, right? The faster is a rejection and a bounce The stronger the move And I say the best for for this market october 2022 So this is tesla i'm gonna First focus over here on a daily chart. So to show you the price section that we had in last weeks The reason why I called 180 and 200 Is because we have a main level of demand Into this area So you can see that Back over here 2020. We had a main support between 180 and 200 The same happened over here mid 2021 so also in march and then in may june And then over here we got few days ago on the 20th to this level here so remember fast to the bounce the better the We say and the lower risk the danger over here. We had a fast wash all day day So we had an incredible fast wash just into a book map level We breach the book map. We fail right away bounce Now this was a main demand area. So it's not only because we had a book map interday But we had also my jlence weekly. We had also a main level of demand from years. Okay, this is a yearly demand zone. All right, so we go back at end of 2020 So we have more than one parameter over here for us to decide that this is a good pattern for long I said specifically That this is not a setup for everybody and I said this is my personal long swing Because if you long in these patterns, all right, so if you long over here for a swing You have to go and see that you will have like a wider spread All right, because if I enter into the area of 180 200 So we'll start with a partial at when 90 for example, 195 And then another partial 180. I'm always referring to an interday chart Like this one minute over here that we can see on soon on tesla and on book map to have the timing of my entry So I'll be here just to explain what I was looking at tesla until market all this is my plan for swing And this I sent on the 20th So personal error to buy 180 200 This is the first alert that I give for a swing since last year on tesla since last year. This is the first one Right because the bar could basically have been bearish for all this time So if you look at tesla over here This year actually from november since the bitcoin started like to dump We had lower highs lower highs lower highs. So we have this channel We can put over here like this We have a bearish channel, right? So you can see rejection from this high support rejection from this lower high support and then over here we are in the mid-range And that's the reason why I said that that's the first level for me to buy on this fake breakdown So a main bear trap and now push Let's get back what happened today So today we start having a first wash, right? You can see over here that the price like dump very early bounce over here around 930 Dump over here in the first few minutes and then we start having a reversal. This is on a tick chart Looking on the one minute. We can put this Looking on the one minute. This is what happened fast wash This is 931 reversal 932 and 932 Happened this you can see over here that they start like breaching to the downside These heat map levels. So there's a ton of liquidity over here stacked This liquidity is huge. It's not just like a level of heat map like we can see over here That often they absorb and then they continue to push all the way up This was a main level All right, main level of demand And once we start seeing over here a bounce first one It then fills first one and then fills the level that you have to look for is the open level That is your crack area. So this green line you see over here that you can see my chart that line 2019 and 40 to 1950 This is the area for your under over All right So if you know how I trade this is a specifically traded pattern that I like Generally, I take them on a get pop or when we are in a A strong up trend this stock in a strong up trend. This is the on the over pattern And this is what I see on book map Main support. So I'm not really the type of trader buy something when it's fading No, I don't buy like falling knives. I'm waiting for that reclaim of a certain level For example, this open level also VWAP and also J lines So I have three structures together telling me to go along for this All right. So this is the main point For Tesla today Now I'm not over here planning to short but only to look for possible reads for my swing What I'm looking for again, you can see over here this dip. Unfortunately, we didn't get exactly into it Otherwise, this would have been a perfect level to enter or to add the position And over here We have this strong consolidation All right, this is the 935 till 950. So we are talking about this area here. You can see And where this area goes exactly into this pivot All right, so you can use pivot and fibs to help you out with your trade Now we have another main consolidation in the last hour over here from 940 till now 1040 So what I was saying before to bruise. I agree with them. I love the breakouts So I'm looking for this breakup, but that doesn't mean I will enter on the breakout trade So I will wait for the break of two it 28 and 15. We'll watch this together And if we break the two 28 and 15, I want to see a first dip Or a consolidation and then loggy now I said a few minutes ago The faster a dip into a support. So let's say this will be the heat map the faster the dip The better my log. So if I see right away up bounce, that is my log And this long would need to happen exactly this 229 Or 229 and 20 this survey here. So by showing this Often in the room they say, wow, you predict what happened. No, it's not like predict what happened I just have like experience of years of price action and chart patterns And I'm focusing on that chart pattern if that happens I simply wait that my chart pattern or my level is hit So I don't like to chase I'm not that fast I Traders in my room are much faster. Our scalpers are, you know, in and out I just prefer to prepare my plan Wait for the plan and then execute or even have like, you know preset orders for the level to to trade Okay, hope my I made myself clear, but if you have questions, just please reach out So this is what's happening right now on tesla So if you see over here, I agree with a lot of future readers that tell me j i really don't understand anything about this No, you have to look at the key areas So the key area in this case Zoom out you can see there's big this one 230 Okay, that's the main catalyst Why The majority of the liquidity is stacked over here Like this morning the majority of the liquidity was stacked over here to 17 So use book map as a guide as a tool This is your first main area of support And this year was over here between 217 and 218. So I'm going to make an average And then we have this resistance at 230 to 29 So 230 to 29. Okay, this is Our these are our magnets Is it clear traders? I'm gonna post this in the In the score room over here. So Caesar no no questions yet Uh, let's see over here book about the score room. I'm gonna put over here under advanced Uh advance this courtroom, let's say There we are Yep, so guys on youtube, you'll have to come over to the discord for that. Um It's easier to post in there under advanced webinar Yeah, often we we share trades over there as well like executions and everything. So there's a lot to learn Now This price action over here, you can see a lot of buying pressure We have a set of higher lows So technical analysis will be an ascending triangle over here Um, or maybe ascending wedge, but very similar. Let's see for the 228 50 breakout And then we're going to look for those dips too long In this case to add to a swing position There's still buyers over here in See the curl we're breaking that 228 and 30 Meanwhile microsoft gave us Uh, a perfect entry today Long a couple of per perfect entries after we're going to review by playbook A breakout of the 28 and 50. This is the breakout, right? So this is what I don't want to trade So we have 76,000 shares at 229 and 106,000 shares at 230 Now what I'm looking is for the price to consolidate over here Or breeze this 229 fast dip Still want to see the heat map and then taking the long position, right? So, you know exactly what I'm looking for if I don't have that set up All right, we're going to revisit this at 230 Or in a major pullback little bars in You can see these peaks in volume on the breakout microsoft is 235 right now, so um Rising over here, uh google is giving a breakout this morning had the 97 and 55 resistance So I will check that All right, now we are above the 229 But you can see traders. I don't see that heat map right now. Okay, so i'm going to wait if I have this uh Big heat map over here Let's see for the voluntary trading Place 510,000 Then would be best Fast dip and then bounce two or long so we need a little bit of Pullback or consolidation and then taking the long so patience on this Bruce, I just love that one of my friend also traders Just wrote me that he's a big cap guy So he prefers master trade big caps and small caps, especially this market And it's true. I mean easier setups trend their stocks Very very easy to trade something today like Uh tesla, but I would say microsoft simply incredible So we had to plan this morning when plan was to short In case of a jaylor rejection happen over here We long in these dips over here on the fake breakdown and this is also an a plus setup For a long side. So three main setup for the morning A lot of traders took this over here this fail And this first long This is the marketing big cap. So a lot of volatility Microsoft over here you can see traders my fibs So I place my fibs from this side to the low over here Actually was looking roses a few days a few weeks ago This morning, we are like bridging the 30 percent the 50 percent and then still going higher I'm going to show you how to trace trace fibs So there are two main ways over here that I like to trace fibs What I'm looking at or at least what I was looking at this morning Was this main relative high to this low So I was looking over here for the fibs And over here, we're bridging the 50 percent 61 percent would be a 238 and 78 percent would be at 243 Okay, let's go back to tesla Until we don't find that support traders that heat map that fast bounce No trade long for me Google is rising strong So when I say a fast bounce remember what I said before is exactly this Is exactly this Is exactly this so those are the long patterns. All right bruce makes sense, buddy Yeah, absolutely So that is what I'm looking for on tesla So you need to stalk it right now To see if we have that major play But I want to see exactly that 229 over here. Now we have a google coming up Following yes big leading guide Microsoft into a resistance over here 237 and 30 Microsoft came up five points in the last 20 minutes five points At first dip into the 229 No major support No major heat map over here So I need to wait And throw over here on tesla for now. Let's wait Let's look at microsoft So this is the last Now 50 minutes of microsoft I'm at 232 to 237 So if you look at this pattern It's pretty easy. I will try to explain like this Uh This morning We had a consolidation of the support area, which is a 38 fib on the daily, right? So a very important area After 1015 so after first 45 minutes, you can see the price over here Becoming green and holding ring, right? So starting to consolidate above this level And then over here giving the timing exactly this is the bar for entry from the system 232 and 70 With the stop just below and to simply write the trend All right So a perfect pattern right now. Can I long over here? No too extended All right, so we will need to see a pullback And waiting for that. This is 237 and 40 the pre-market high Simply waiting for now. We're starting to put over here some liquidity traders I would like a dip over here to 229 now in tesla Let's see if we can have it Of this 229 zero five. That's exactly your entry risking 10 cents maximum So 229 and five Is a long pattern tesla With 10 cents risk and we're looking at least To trim something at 230 Okay, only to pay ourself But remember what I said I explained this 10 times before the same The pattern that we just had if we have a fast dip into the 229 We have the heat map. You're gonna take the long. I mean it's gonna have a long setup And what I said 10 cents risk right now you are already five times are Now you can put even your stop break even so you have risk zero Well, let's see the price if it's gonna rise to 230 first target 229 and 70 we have a lot of liquidity that 230. So remember it's gonna It's gonna be like a magnet today All right, so it will attract the price So remember this is an add to the swing. So you want to hold parts of position if you're holding a swing But if you have your first entry So our first entry is over here Exactly this 229 zero five over here At 230 sell half of your position if you're trading interday, okay interday sell half at 230 Over here on tesla Now you have your 10 r return trade So this is how you have big wins Now it's time to trail So we're gonna trail at 229 and 70 And we're gonna look now for 235 as main target. Let's see But that's already your trade 10 hour return from our book map level 229 229 zero five to grand 10 We got a 230 and 40 We were risking 10 cents Now we're gonna look for multiple r if this is gonna solo stand We can have the main target for swing is 235 Okay, now possibly gonna have some pullbacks before the 225 This is the price section. This is the break out So before remember what I was saying. I'm not looking to enter on the break out Because often we have fake outs I will be looking for consolidation and the fast dip Into what? Into that 229 Exactly happened over here Well, I explained this like 15 minutes before the trade Exactly explaining what you were looking for I said 229 look for book them over there Look where the fast bounce look for the dip exactly what happened And this is what I do every single day trading Yeah, that's your One of your your main strategies your pullback Yeah Because you have a basically a low risk Bruce. So it's not, you know um Only about The win rate Or the r return. It's also about the risk for me. The risk is the most important thing So you will see a lot of the traders that I teach You know, they may have like, you know slower profit curves So maybe some traders like, you know, they're getting rich faster But a point is that a lot of the traders I teach almost no one will have big draw downs if it follows the strategy And that's for me super important So entering over here with a 10 cents risk using that book map Allows you to have 10 r. I mean, that's already your trade for the day and uh, of course, there's a lot of Study behind there's a lot of price action learning. There's a lot of uh Things you have to learn before to trade like this, but that's the uh, the main play Yeah, I mean, we've seen you just do it time and again So, uh, yeah, yeah very very consistent This pattern over here bruce. I think we can have the 235 This is the hourly chart And uh, this is Going back one year So I was looking over here for Course this first previous resistance that we broke right now But I was looking for this here over here This 235 area We go back as you can see to this main relative low. So I was looking for this target Also over here. We have a pivot. So ideally we can have that level for a target. So we'll see Are these floor trader pivots or something proprietary? Yeah, um pivot points exactly. So very easy how to set I made even a video like years ago explaining how to use pivots So just go check traders. I set them to a day over here Uh, generally I look at mostly r2r3 and s2s3 I'm not looking too much of the r1 or s1. So this is one or support one What you can see over here how they work um Now over here we have the 234 That is the least important pivot for me for me. The most important is this and this over here What I like this level is because we have this main previous low this this is why I'm looking 235. So we'll see Let's go back to the one minute So what we want to see over here is that they hold these supports, right? so these higher lows And then they start breaking again the 230 point 50 and then giving us giving us more higher lows Meanwhile, yes, it's pulling back. So careful over here Uh, microsoft also pulling back I'm gonna put one second microsoft over here. Let's see if we had the rejection Yeah in this case You see no rejection over here from uh, this 235 no rejection from the 236 Once they hit the 237 we had a fake breakout and then a little bit of consolidation and lower highs Not looking too short something like microsoft over here Uh, pre-market highs 237 and 34 What I'm looking is only for now trend following tesla That's that's it still volume in Maybe uh, I know you've done it in the past, uh, joseph, but um, explain a bit about like your pullback And why you're looking for it, uh, I think it might be interesting Um Because I've explained many times like for example, I'm looking for the breakout and for it to work right now It should Um and due to the order flow And then but you are waiting for that Move to unfold and then you know that there's going to be a pullback and then you want to get in Yes So there are two main reasons. Um I will put over here I will put over here a blank chart like you can see in this uh, this black over here panel And I will draw a trend So this is our trend And then we have a consolidation And then after this consolidation Let's say this is an important daily key area This is our level of resistance Everybody will be looking for the breakout So we're going to put two possible scenarios One scenario is this So one scenario is what we call the bull track. So is this An unwind And this is what in a market where we have A bear market because since the start of the year spy qz s They're all unwinding, you know besides, you know, few weeks during the year where we had like a bounce So in a bearish market buying breakout is Double difficult twice difficult than in a bullish market. That's the first point The second one is what I look for I'm looking for a breakout And if we start consolidating over here Then I'm looking to buy over here with a tight risk And exactly what we did today on tesla So that's the reason for me to start looking for breakouts. All right, so we run a scanner To filter out the breakouts because I will be looking at them But then I will filter only With these setups over here the other breakouts Like we had on netflix the day of the earnings remember it was Last wednesday if I remember correctly they want to say something wrong But it happened that main stuff at the pre-market high everybody was looking for a break on netflix And then unwinded So that's the main reason so scanning for breakouts. It's fine Looking for breakout levels Wait for a consolidation on our first main dip on book map Book map is my timing with that because it gives me that high liquidity A safety for ministry So you can see as over here as a before this This 229 was my safety And I'm risking, you know 10 cents from there We got 239 to the 905 to the 90 and 10 And we had a push of it here straight up to 230 and 40 So make your risk reward. We're talking about 10 r on this push 10 r 10 r trade So now right now what we had let's go back Pull back That's the reason why I say trail 229 and 70 This level over here after the the higher high the higher low Trail over here now what we're going to wait we're going to wait again for this level of support 228 and 50 This area why because it was the breakout area So on a major pullback, we're going to see if this is holding And we can look for another dip and long or simply avoid This is a nice pullback straight from 230 and 50 to 220 and 50 7 minutes to lose over here two points per share Let's see if 220 and 50 will hold for now No reason to enter only 2000 shares over here so not a enough catalyst for me for taking a partial long Wait over here Break down the 220 and 50 Also pull back when he has same exact Style microsoft google all the same This is not a long setup for me despite if it bounces or not The microsoft here Microsoft has a main support inside 235. So this much better in terms of size of Supporter here. It's 235. So nice bounce Again, we're looking at tesla tesla is not giving the same I didn't give over here the same support came after so no play to read Google was the other the other one of today So had a pullback over here, but no major Heatmap so avoiding only taking the a plus setups Yes over here going to the highs Let's go back on tesla so you see traders this was the the first main Pattern we got and in this case you can see that We got like a 140 point 1.40 bucks per share No a plus setup over here this low despite we had you know the breakout level over here But no easy reentry So waiting for now He has to break out so this will fuel this to the push push the upside and what i'm looking right now would be again a push above the side of the day consolidation Same patterns we saw before 229 and then looking for another possible long in the same way we did Yeah, that's that's something joseph. I really like the way you look at these trades and Okay, great bounce. You drew it up and everything here And here it's working out great But you you don't you missed it and so what is your kind of the attitude you have is like, you know, I'm not looking for it It's not a plus. It's not exactly what I want I'm you're passing and just looking for the next thing to unfold Exactly, I mean, there will be always, you know I miss trade and miss opportunity and so what there are still be so many opportunities coming up On the same day or following day. So don't really, you know, think too much. It's Just like, you know, another play another play another play another play the point is not to take all the plays The point is to to trade good And not even to make money to trade good money is a consequence. Okay, so just trade good Over here, let's look for this level of 230.50 I will stay with that And a consolidation above a dip So we have already a 230 over here. I'm looking for 230.50. So this relative high Breakout that area A bounce or consolidation and then again another long in the same way that we did over here Now time of the day 11 So I would like downsize Right until 11 you can have like your full size if it's a strong market After 11 I would downsize. So in case of a loss, you'll still have, you know, a decent Green day Part of, you know, risk management Nothing wash over here A lot of traders Bruce, I think today they lost Quite a bit trading epics So small caps are pretty slow the last weeks and this is because we are in a Earning season it's always like that is recurring Epics over here. We have a high institutional ownership It went up more than 70 today 38 million market cap 17 million float Volume traded is twice the float. So we're talking about 39 million This morning I had a stop two cents on this So this is where I alerted 228th and we set the stop over here at exactly this point 230 And I said after this moment wait only for a major clear out which we never happened. We never happened to to occur The levels that you see over here in yellow Are main daily resistances. So you could see that we breeze those daily resistance with a lot of volume So volume over here increasing We add over here a first parabolic move Over here, we had a higher high with some body divergence But that's not enough to take the trade We had some stuff, but no major a plus setup over here on epics Uh, so in this point for me and I said it very clearly Also wrote it. This was the good setup to trade at that level of high Risking two or three cents, you know, and then nothing more This is the daily chart So we can see a stock that beaten down stock went from 36 Small market cap remember we're talking about 35 million Down over here to one dollar and point 50 1.40 Today is gaping up is pushing We breach all the previous major resistances. So this level over here, which was 320 D. So now we're looking for possibly this 365 37 actually 37 area 365 37 area That would be the main relative high Not a really high volume trade in the past no major a plus setup So why to force it if you don't have the a plus setup? epics over here On on book map the level that We were trading was this 228 and you can see there was a book map heat map at that point Stop of couple of cents Then you can see that we had high liquidity moving up No major resistance above a little bit over here But again, even that's a reason, you know, not something that had a ton of liquidity stacked A high volume high institution. So no major point for me to take the short Over here now I'm looking at this pattern through a pattern Possibility of a wash. Let's see if we're gonna they're gonna wash it. So below 315 So check traders 315 over here for a possible wash or in case and remember This is to Fake break them 315 right away reclaim spike 350 push All right. So we have over here on epics a high percent IO risk management was I would say perfect on this And now we could have a 315 wash out and tp 295 vweb or this is to We can have a fake Breakdown so a bear trap, right? And those are the best longs in this market bear trap of 315 Then push to 350 This is what I'm looking for epics over here I want to check a little bit in the past what happened, but I don't really think We have a lot of information on epics Yeah, as we said a high institutional Around 100 high institutional over here this morning. We had updated results from phase half study on a prostate cancer Yeah, he's the only one previous gap that faded What high of day 938 extension 36% from the game, but totally different Totally different day the volume traded day was 2 million over here. We're talking about 39 million volume. So definitely Another scenario I would go back over here to To tesla being that yes is going to that resistance at 28 sorry 38 and and 90 So 38 and 90 over here possible wash On yes right now. So start looking at x. Yes possible wash So price right now is 38 87 possible wash 28 80 38 75 on yes, let's say If this happens would bring down also tesla Microsoft and google which are following. So what we are saying before Uh, the faster average action Right The better the trade the better the pattern I'm watching the eyes over here stalling to this 3880 Supply area as well Yes, breaking out the 3 3 8 90 Still no long pattern on tesla. So as I said, we have to wait the breakout 230 point 50 And then consolidation remember what I said And main dip so before bruce remember what we were talking about is the breakouts exactly. That's the point We had a break of 238 and 50 230 point 50 fake out and wash So that's the reason why I don't buy breakouts but pull backs Lower risk with my chance Yep, there you go Yeah, what I really love about your strategy on your pull backs is you already know it's moving And you know, there's going to be a pullback so much much Higher probability or just much more room for you to run after the pullback Instead of getting trapped on a breakout Yeah, because if the The breakout is I would say strong Then on the pullback you will still have range to you know to go for to to have a good wind from it But if the breakout is going to be you know without volume with a really big intention Then it's good for us because we're going to be safe And that's the reason for me. So, you know being safe More than you know trying and and being instead like stuffed or in a fake breakout yeah, one of the the beauties like um is like um Well, you know, it could be like a flag pattern or uh, you know something uh on the pullback Is that You like you are already one of the main conditions you're looking for is it to be breaking the higher time frame And it is outside of that area. You will not do that on the inside Exactly exactly totally exactly got the point So, you know, you can see a follow through to the upside you can see more momentum coming Right and and you already know there's momentum in it So you're just leaning on that and then looking for the move back up Yeah The reason why I said that at this point. Yes, could give us a major pullback I'm going to explain it over here So we're having over here a major level of supply Into this area, which is uh, 3890 3930 on yes So you can see that we go back over here from The from yeah from september uh, 2022 where we had these Dips you see the price over here started like to bounce. So in that case we had a demand zone Shifted the man zoning to a supply area when they're starting like looking over here for bounces instead. We had the rejection So of course right now the price will get into that 3890 3939 20 area And we can have main sellers joining For a possible and one also We had a first main pivot we'll see but that is a clear supply area Supply area, which is of 30 points. All right, so Even something more. So it's not that, you know, 3890 will reject But this is a possible area of rejection of a main pull back to downside on yes Go back over here to Tesla Yeah, so holding this 90 may making higher lows lowered volume On tesla so for now over here We have no setup. We're waiting our level. We're waiting our pattern. That's it Big seller came in over here On tesla Just look at this traders. It's 230 Major demand over here to 28 and 80 to 29 Also some pullback over here on yes Yeah, waiting for now the paddle. Let's see what happens this 230 Yeah fast rejection But i'm not shorting over here. I'm not touching this absolutely not If yes, we'll push this 230 will breach and we're going to have again high of day You see in two seconds over here traders day 60 000 at 230 So understand that price section understand the pattern Making higher lows right now Looking for a consolidation as I said 230. Just like we said before 229, right? We got 229 to 3040 230.40 Now we're looking for 230.50 consolidation first dip and then long rather than this no setup for us our nets We are short over here from the pre-market From the 155 154 area Epics nothing right now. There's a high chances of breakdown of 315 and wash Netflix rising Uh, I was not looking and following Netflix today. We are trading mostly google and microsoft And yes possibly over here is gonna Curl If the price will hold 29 and 80 It's gonna curl. Let's see On on tesla No stuffing instead Yeah, let's wait We have over here a small poll back on. Yes, basically on the fifth level 3887 google pulling back Just waiting on google. You see the main setup came in the j-line. So No reason rather than that Microsoft the main setup came at the j-lines So rather than that nothing I mean for the rest we have to we have to wait So this was 1030 on microsoft and this was the support on microsoft at 1030 same area Nice when we see a major demand over here so major demand zone 232 and 232 and 50 And over here we see the Entry timing on the demand zone. So we have as I always said to bruce or he always said to us We have two main confirmations. We have the Book over here giving us that this is a pretty big support area And then we have the timing of the entry with the strategy so combining both together I will screen share this and put it in the chat under the stocks Yeah, a few few questions in In youtube here So guys I I sent the pricing information about book map there Just note that the pricing information does not include data. You will need data for stocks via dx feed or omni feed And Then Let's see here another question a few questions. Um Is this part of hft? No, well hft is um something, uh, you know high frequency trading like, uh We can show it. I mean if you are using your algos and and with hft Transactions actually that's our background. We came from that. Um, and uh, We developed book map to show how our algos were Performing that's the whole basis of it. Uh, and then uh due to that Uh, we showed this to the other traders this visualization and they said well, I'd buy that for a platform So we made a platform out of it All right, so that's the The story you can look at sub second levels In book map, but you can see this is working really well also on these higher time frames In the way that joseph is trading here Or now we're gonna probably go back to the 228 and 50 So let's see if we're gonna have a pull back here on tesla Remember traders 228 and 50 is the breakout level. So this one over here If you're gonna go back to the serial and dip fast into a heat map So exactly the same playbook. We had a 229 before we're gonna look for long 10 cents risk and that's it abby another Question about how do you read the order flow in brief? I think it's probably best to look at some of the videos on youtube As well as I come to the advanced webinars J traders going over his style here of how he's looking at the order flow within stocks But in a nutshell, there's only three elements on this chart. There's the traded volume with the volume dots the heat map which is showing the liquidity on the offer and on the bid Both current and historical then it's just context between these elements is reading the is reading the order flow Couldn't have said better So I can tell you this I'm a big reader of the tape So I turn a lot of traders on tape reading But basically have you ever tried reading the tape on? And that's the wash that we were looking for sorry. That's the wash. We were looking on the epics But basically have you ever tried to look at four books simultaneously? While instead you can have book map on four stocks or you know futures simultaneously So you're gonna have like less headache and a faster read using book. That's the main point for me 3d multiple assets I'm seeing more looking for more patterns and Basically being faster in your trading decisions. This is So here we had another push this to 3 and 3 and 60 And what we said before Bruce the faster the rejection the better That's a super fast rejection So these are only scalp trades for small cap traders, right? So this is really fast trading Uh high velocity trading is really this in and out and that's your Setup high of day 360 fake out boom This is epics. All right, so we're talking about the small cap. All right any more setup Bruce 1130 Let me take a quick look Okay, yeah No, no questions over on YouTube. Let's check check out our discord. Hold on. I think we're good No, yeah, we're all good, uh joseph. So, uh, um, yeah, very nice trading So one tip for you traders if you're still gonna be Uh at your desk today I would suggest you to look at tesla Being that, you know, we reviewed tesla for the last 90 minutes Study the price action that we're having today on this breakout mainly day breakout Look for the main patterns Start looking and paying attention for these level of Demand as we have over here 229. You can see this Was coming up from 2040 60 and then 2029 And start looking for patterns or I study One stock every single day And look for the pattern that you have the recurring patterns because tesla is playing generally three or four patterns, you know In a week and they're like, uh, we say Uh, both long and short. So very good read today on tesla. Hope you learned Reach out to me and bruce if you need help and thank you very much Excellent. Thank you so much joseph. Uh, we'll we'll catch up with you next wednesday All right. See you next week. Bye. Bye traders