 All right, good morning traders and welcome to the live trading webinar today with Jay trader stocks trader we do this webinar every Wednesday at He comes in a little bit later, so you know around 1015 basically East Coast time and this is a Important part of our education. That's free. What you guys get is Their educational course on order flow learning how to read order flow a book map is very visual So it shows you all the details in the order flow both for a current and historical market then We have these live webinars Like yesterday. We had the advanced webinar. We go through the order flow in the live market So you can apply exactly what you learned and you can ask questions Then on Wednesday and Thursday, we have two different traders today's Jay trader tomorrow Scott Palsini of a futures trader And they will go through how they trade And they will be taking live positions. It is in demo paper trading mode. Just so you know and Yeah, Jay trader here. He offers Education so you can reach out to him. I'll put these Links into the chat for you. We got to go through the disclosures and then we'll jump right in Tremendous echo Do you guys have that I do not have that? If someone else can Space cowboy says there's a really bad echo anyone else No, okay I'm not sure what you have open. Maybe you have it In a few different places open space cowboy Voice is good. All right, so we're getting confirmation there. You'll have to kind of look into that Okay. All right, let's move on a general disclosure all book map limited materials information and presentations are For educational purposes only and should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes live trading Executed in simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies involves central 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 could even even consider trading Past performance is not necessarily indicative of future results. All right guys, so let's jump in here and See what's going on. We're looking at the S&P e-mini here and Starting to bounce here seeing some pretty strong buying coming in okay Maybe come right back up to this 3820 looking for that right now Maybe a little bit higher There's a lot on the bid. There was just just a lot on the bid. Let's zoom in here on the bid here So and they're still pressing it so 3820 and then and then some now This is kind of a knee-jerk reaction to what we just see here in the order book right now And looking for it to trade up into that 3820. This is an important level this 3820 For a long time several weeks. It's been an important level So anyway guys, I wanted I wanted to I mean we always go through the live order flow here Just like this Boy, there's a big stop run here We'll go over this as well, but I want to show you something in crypto markets. It's pretty amazing stuff It's very topical right now and We have new indicator out there for 7.4 book map as well as well Let me cover it. All right, so here in Bitcoin futures With this this is with Binance features. I'm sorry You can see the liquidation here liquidation indicator. Okay, this is like what we had before We now offer it on multi-book. Okay, so now you're looking at Binance futures By bit and O kex so three different exchanges here for this perpetual Instrument of Bitcoin. All right, and you can see all the liquidations in here Now with 7.4 you will be able to see this not only For the current and you're you know your recent data. It will load historical data That's a really big bonus. All right, so you'll be able to go back and take a look at what's going on Previously now. We also have this book map version here of On on the web Hey book map web version here and it will show you historical Liquidations as well. This is amazing guys. This is why it's important. I don't know if you've read the articles out there it's Let's just do a quick look here by all this information on Hey, here we go. The markets are just in turmoil here. All right, so Cryptocurrencies fall after FTX Binance turmoil spooks investors. Okay, so There's a problem with liquidation in here from FTX and the Alameda fund guys Here it is. If you want to see it play out, it's right in front of us. It's amazing to see this to me We're seeing millions of dollars 41 million 236 million here, I believe hold on here Yeah, we zoom in and you can see it, you know down to the here. Here's the liquidation indicator Okay, and we are showing it in the base currency Yeah So here we go now now we're talking million. So I'm sorry This is thousands here. This is millions here 1.5 million 3.5 6 million here. These are liquidations here They're being liquidated there. They're their positions. They cannot cover The move against them They're getting really hit hard here. This is amazing to see so Anyway guys the overall move on Bitcoin Here looking looking at this book map web version you can see back here Just just November 5th. We can we can zoom out an entire month here, but we can look back here around End of October October 26, and then here's the high November 5th or so At 21,000. Okay, we're down at 17,000 right now All right, so this is really getting hit hard and where is it going to go from here? Well, let's take a look. All right. I'm going to show a candlestick chart on Bitcoin hold on a minute from investing comm and Let's take a quick look And so we just want to show the higher time frame that book map web does show the higher time frame But here we can look at weeks days Months even Let's look at the weekly chart here. Okay, so here we go This is Pretty important news guys. So, you know if an exchange is being liquidated Or if they're having massive problems with liquidation. Well, we're right at this edge here It's been trading in here for several weeks as you can see After this big move down here's the move down It is testing these lower levels right now if it breaks from and this we're going to go We're going to take this from the order flow and then transfer it into Current market. Okay, this is a same ideas that we look at in order flow here We're going to move up the pause the move up the pullback the move up the pullback here to this Pullback previously and then the bounce Okay, so yeah, we can see we came down we bounced around in here and then look at this here Okay, this candle here today today or this week Where we're going would probably be the next area down here probably around maybe 12,000 And let's let's take a look just even even like 13 or 14,000. Okay, $3,000 away Not out of the question not out of the question to come down to you know, even 10,000 especially with these liquidation Problems in here. Okay, so what we're looking at some of these levels here where there were previously Moves to the upside. Okay. That's what we look at for in book map as well Looking at these previous areas on low time frames or high time frames. It is all order flow And that's what we're looking at So for example, let's look at that book map web again Here and then where where price might go. Okay All right, so zoom in a little bit guys. This is free in here. So all you need to do is sign up Okay, and you will get All of these different instruments in here if you sign up the Different exchanges that you can connect to and then also the book map multi book product So it's book map data. Okay, we've combined these into multiple exchanges. It's a it's a What do you call it synthetic instrument, okay, but we're connecting to up to five different Exchanges in here. This is all live data. Okay, it's fantastic so Yeah, just take a look around here and Look at some of these areas and look at these Incredible in the millions These liquidations here. All right, so This is FTX and that Alameda fund unwinding And if there might be more liquidations in the in the near future here, look out This is gonna. This is gonna be very volatile. Okay So Anyway, just wanted to mention that you guys take a look at this and it's pretty Pretty amazing stuff. All right, so and it's it's all unfolding right now Okay, any questions on this with the Let me go back here take a quick look Okay Chow Joseph, so it looks like you're ready to go But let's let's jump back here guys This was the what we're just looking at in here with the order flow being pretty strong Just looking for it to trade to 20 and then further and here here we go. It's almost a 25. I like 25 This is the swing here And we still see buying pressure so looking for them to trade into this liquidity here. All right Maybe we can get up to 30 Okay, so what we see them well actually they just pulled that liquidity here and added it down here But let's see if we just get enough buyers in here to try to trade into 25 In that swing But we cover this in such detail the other day. It's like we Kind of had some pieces in here. We don't have the full all the pieces in here right now We did earlier. We saw this tremendous bid in here right when we started the webinar And we're looking for it to go up into 20 right look at this. I mean this was just you know Pretty pretty pretty incredible order flow the bid was just lighting up as red in here And and we saw aggressive buyers. These are the pieces. We're talking about Okay, we're looking for it to go higher. We're looking at for it to test higher liquidity Okay, when we see stuff like this in here, okay, we're we're pretty blunt on that We're looking for that to to to go. All right. Here's our test into 25. We just got it All right, so now That's it just that right now. Okay, we don't know right, but that would be my target And I'm not seeing them support it on the bid. They're down here at 15 Hey, they're not in this whole area, which is 10 points Okay, we saw it even beforehand here Okay, so and we we were we were looking for them to support it again like this over here Over here at 20 they were here for a little bit then they pulled Okay, still looking to see if we can get back up into 25 in that swing, but that's it Okay, so there it is now we can see them coming in and Testing into these lower levels and 15 is where that liquidity is Hey, so anyway guys like a Pretty pretty straightforward read here in the order flow We'll see if they're gonna support it here or not at 15. They may not Okay, they are a little bit right now, but Just kind of reading the liquidity coming in here and a little bit of a bounce But let's see look in look in this area here. Do we see those buyers like previously? No, we do not All right, so Maybe we're gonna get some sellers down here around 18 and a quarter if we do Likely they'll trade into this these lower levels of liquidity All right, so again putting the pieces together now What about the offer are they lowering the offer? Not really. I mean some in here, but that's about it So we could we could go back and forth in here Okay, we might find buyers up here at 19 and three quarters and then a move back up higher again Okay, so we were just reading the pieces or putting the pieces together looking for something that gives us higher probability Okay, I hope that makes sense for you guys But that is the goal right and to put those pieces together and then Look for that higher probability move So anyway guys pretty pretty interesting stuff in here in Bitcoin. I love it and We'll probably do something in the afternoon about this to cover the liquidation indicator We're getting I mean it. We're just releasing this now. This is why I'm covering it. It's not only pretty amazing stuff, but We just released this liquidation indicator. We can read it Directly here in book map the book map web version as well and you guys have free access to that So go sign up for it and go check it out Okay, so And look at these We're looking at basically a potential train wreck unfolding here. All right One thing I wanted to show you guys to look at this Okay, this is Bitcoin The multi-book product from book map data Let's go down to zero or a thousand or so. Here's ten thousand Here's fifty five hundred nine hundred coins down there Here here's a thousand. We have three hundred and fifty coins down there. Look at five hundred dollars a hundred coins down there Here's zero There are traders putting liquidity at these levels thinking that price is going to come down to these levels How do you get it for free just go to the book map web version just look up book map web and Here we'll just do a Google search for Book map web Or here you could do that And You can click right on it right here. Okay, so that's one way you can also go to our website and then click on more here and You can go to It is Book map web version Good morning Bruce Good morning Joseph. How are you? Here it is right here guys solutions book map web You can go there as well. Okay Yep, just sign up. You're good to go What's the difference between book map web and normal this is HTML based is on the web in your browser and It's only for Some cryptocurrencies, okay, and yeah, we're developing it out All right, so you don't have to download anything you get access directly to it Okay, all right guys, we're here for Joseph. So let's jump over here and Get him up and running and take a look at some stocks and how Joseph is trading them Good morning traders and good morning Bruce. Good morning YouTube viewers So today zero nine We have elections Market is not really taking a direction in the last days. I believe that when we will have the The results mark will start like to to trend a little bit more I'm a screen share over here this morning. Amidston, Tesla, Mehta, Mac and yes, which are the main place that we took So we showed it this morning three times. Yes We had Amidston a perfect setup We shorted Mac from 1350 and then we had a reversal to the long side on Mehta Some good setups But also I have to tell this is a market that you have to be already advanced in order to make money It's not an easy market When you trade small caps and we're covering a few things with Bruce in the past weeks You have to be a sniper it means that if you don't have a perfect timing in your entries and You don't have like patience to wait for the main a plus setup. You're gonna have a lot of losses Small cap right now is a very tough market So what is the kind of? We say timing that you need to have so something like this right this for example is a Mac from Kyle and We are trading using exactly book map loading the short over here 1340 1350 And then took in this fail Now we're gonna go over this after and why we took this trade But I would like to start a day going over Amidston and big caps Which were the you know, the best set of we had these days were on big caps So this morning you can see my Chart over here. I point out already a few examples that we have to look and then we'll see if we have setups to trade together so first I want to dig one second into the daily chart and We can see that Amazon Came all the way down in the last over here two months so We had earnings came down Then we had over here other earnings came down more and now it's consolidating on this support over here 87 hourly chart This morning my plan was exactly this if you hold the support 88 and start bouncing from this support after a Fake breakdown then I'm looking for a possible Bounce directly into this 92 area, which you can see is a supply area right now It means that we're breaking down this level of support of 88 and start rejecting then I'm looking for a fail Well You are trading This morning we had a few setups to short very easy setups nothing really difficult Perfect over here view a projection a second view a projection, but I want to point out this When I point out this moment At 87 50 so what do you see over here traders? You see in this moment the stock that is breaking down. This is was at exactly 10 o'clock Okay Exactly 10 o'clock. Let me see over here. So pointing out that pattern On Amazon for reversal and Looking out at this breakdown. I'm not looking too long simply because I have a fake break on this point And it's bouncing back up but what he said more interesting is Is The fake out or fake break on that we had on Book map You can see what I point out is this breakdown of 87 50 a main absorption So we have over here bull trap and then right away. I pushed it upside So that confirmation is a confluence of signals means we have more signals Telling me to long the Syria so main bear trap and then also over here Main catalyst from the chart. Where's the target exactly where you see this point Okay, so an example of this. I think this is a perfect example from From a trader that I'm mentoring But you can see the point over here to wait for this breakdown right away reclaims Longing just on that book map level Selling two partials. So looking for multiple our return What I like over here is The amount of risk that we're taking and then the amount instead of our return that we're taking So I'm looking always for three to four are when I'm looking for these bonuses So along into the 87 70 87 60s and selling partial into the 88 and then 88 30s 88 40s So perfect bear trap pattern for the long-size open Well done. Well, it's a cute over here and exactly. This is what we're looking this market If we're looking for bounces, we want to see for this fake breakdown and then pushed upside Second set of that we happened that happened is a view of rejection here. So this is another fake out that we had You see the Breach of the V weapon just like feel below and then Top take over here just into the J lines Failing okay, so you can see that the push into this very small liquid area But that lower high over here 1026 Exactly this lower high That gives a conviction to short on this curl down. Why because we have multiple things together over here Which is heat map? J lines pivot area So pretty together Telling you look for the possible trade We're gonna look at Amazon today being that yes is fading so we're gonna look for possible re-entry short on yes and And Amazon as well Meta today countertrend this morning. We had the news they They fired if I remember correctly something like 13 K Employees So today is bouncing over here Meta simply all the way up from a price of 90 let's see over here from 95 96 up until 104 so the market react pretty good to this news Main support area fib main support J lands V WAP and then is still pushing. I'm not really looking through this now I Didn't look and traded metha over here This morning we took a small scalp but nothing for this we were looking more to follow. Yes So looking more into Tesla plays and into Amazon plays Tesla gave this and There we are I Put over here a few few points on Tesla Tesla has been the main I would say play For me in the last we say months So I simply love to trade Tesla, especially now that you know, it's quarter around $200 It reacts with book might believe the best of all of those so all the companies and The NASA companies if I compare this to Netflix Amazon meta in video Apple Tesla with book matter is simply perfect. I'm not saying this, you know I'm saying this because every single day I share the trades on Socials and in the room sharing the use of book my together with Tesla. They really pinpoints often So this morning I put this point here. I just I got a comment on it. That's just a beautiful chart there in book map the Look at them on the offer look at them on the bid look at the larger players in there Look how it fills into those areas And reacts to like that 150 or 189 down there You know larger players are providing that liquidity. It comes down to test it, but it bounces Because they're on the bid Exactly and two points over here that made this morning So I took my support level. This is a main demand area and then We're looking for this resist over here main supply area that we never touch You know, like we never touch this low. We never touch this this point over here But in today we added some very good setups the one that I looked over here this morning was the main fake out over here So and the main fake breakdown over here So when you trade the market You have to have a high conviction. How could high conviction in this market? And I'm Smiling Because yes, that was talking with the trader He's a good trader and he was telling me this the majority of traders right now that you know are even like professional They don't know what they're doing and he was just looking at their way of trading is simply like obsolete and If you don't upgrade and evolve with the trading environment, you simply like You're simply like gonna lose money So over here. I see two main things this and this The same point we had this morning on yes when we are looking for a bulltrap and Using book map together Using the levels and the strategy you're gonna get this So this is a perfect fake breakout and then right away the price gets below and retested level and for a main unwind so I'm looking for these patterns to look for the short and It's a low risk entry It's something that I can simply Trade and right away put a stop loss and then I have also confirmation for example this morning This was the the plan I put out at 2 To share over here looking for a bulltrap and short below 3831 on ES and Then I 3831 over here shorted at 207 so my your 807 and the reason why I had the perfect setup on yes Was the bulltrap that we're talking right now Plus to get the width book map. So Yes, we had a trade exactly this point You see the level of resistance over here, this is the breakout that we had so this morning We took all the fail from this point up here and Writing all down you can see the use of the zealots and this point over here is Where we had the main fake out fake out looking for the fail fail 3831 and then taking all of this So while This was unwinding. We're looking at Tesla Amazon meta and the rest Now what we're gonna look today Not small caps We're short 1350 on Mac till the 1150 But I'm looking for Tesla and I'm looking for meta plays and Amazon plays if we're gonna have them So first of all meta right now countertrend Giving a plus setup too long. So I hope somebody took it. This is the usual trade that I Alert in my room that I take every single time the only thing today I'm not taking mate as I said because I'm following. Yes, we're done side This is a perfect setup simply love the setup over here when I see it I love the bolt. There's confluence of more than one signal See the jail and see the pattern. I see the like a fake breakdown over here in the He's not confirmed. So this becomes a meta a plus bounce Joseph maybe I'm You can detail out What you see in book map in the order flow on that because you've got your bigger picture there I just saw traders can understand your I mean it's a pullback strategy to your J lines but What you see in book map and I have some questions for you too when you after maybe Of course, of course. So let's look together over here Why this setup? Gabe over here, you know reason to enter So first of all, I'm looking at the chart So I'm taking a step back and I want to check over here that early or the four hours or the 30 minutes But the main point is I'm looking for my levels. You can see over here how it is fits and then I'm looking for In this case, we are long above this level of fib I'm looking for a long place Now this is Bookman this morning So we add our first point over here where we dip into this air support We dip over here into the VWAP and then last over here. We dip in this This low one zero three, which was the previous high as we said before the trader we took on yes or The trader we took for example in Tesla We're looking for a level of support and if this level is breached So you can see over here V pattern this level of one zero three is breached We can see the price Selling over here right over here, we have actual sellers But at this point we have sellers getting exhausted We don't know that yet When we know this when it this is confirmed when we reclaim the previous level of support So the one zero three and it starts curling. This is the same setup that I think me and Bruce shared maybe 250 times So breakdown Possibly over here now. I don't have any enable but this is a sweep indicator collecting over here some shorts or and some sellers Right away reclaim over here So big hands all those market makers are pretty working good over here to create their bear trap and This level over here becomes your long signal So like we did I believe last week or two weeks ago On Tesla that we took the same exact pattern Longing with like 10 15 cents risk looking for five or even 10 hour return on this trade But as I said today, I'm not focusing on meta personally I'm just looking over here at Tesla and I'm looking over here at Amazon Any question Bruce on this? Yes, so There's the order flow setup and What you're looking at There's just been a lot of discussion lately in our discord chat about levels and then order flow around levels This is it Jay trader has his higher time frame. He's looking at he's getting a setup. He's studied this He knows exactly what he's looking for and You can reach out to him if you want to understand more about his J lines and what he's looking for and You know some of the details here. Okay, but these are his proprietary levels that he's looking at and Now he's looking at book wrap and he's looking at the order flow to even offer more of an edge in order flow around his levels, so anyway, just No matter where the levels come from The higher time frame levels Then look at the order flow around them Exactly so let's go on On the hot one today Amazon Simply love the stock and since it's not, you know It was it's not anymore $3,000 $2,500 and then we had the the split over here this morning. I We had such a beautiful setup as I said now. It's unwinding The target I'm looking at 85. It's a little bit of I would say pretentious But I simply love this fail this morning Super weak the tape nice break done over here of the support. I Have over here some pivots, you know, like possible magnets The most important thing over here is that you ride and you use the order of flow what I can tell you Have over here a zoom out review Look, where's the main demand area? You can see over here 85. They generally work as a catalyst All right, so I'll look for this as a main catalyst like a main magnet Now I'm going back. I use the five minutes I use a tick chart and I use a one minute over here. You can see my five minutes and over here you can see my one minute so you can see my levels and over here we can see What I was sharing before the fake breakdown the fake breakout our trend line and then unwind over here and And Look at my chart this morning. We're here on on Mac. I do that over and over and over so I take my levels and I put my analysis every single time we're here, for example, we'll look at this fake breakout That's very important for me to Use the chart. Okay, so annotate on the chart. It really gives you and help. Okay, so try to do it So right now next target is seven what I'm looking over here will be a pop and The pop right now It's pretty far from where I want to short it because the short happened at this point on this fake breakout on this trend line break and you can see the Trend break over here and unwind so right now we need to see Another push could be a V-wap could be ideally This this area, but I don't see over here any kind of supply so we're gonna wait For who asked me you asked me if I use a omnifidic speed I don't know if we can talk about this but personal I use I used both Okay, so then you can write in the end for personal suggestion But the main point over here is that you analyze with me the price section and the order of flow Waiting for 87 The meantime I'm watching over here Amazon Manta Tesla Mac and yes, so this talk is the one that is trained up the most today. Also, we saw Yeah AMD unwinding pretty good So that was a main fail this morning So bounce over here on a fake breakdown on Amazon so you can see exactly what happened before so this level over here break and Bought back up same thing over here breakdown bought back up every single time we have this We have a main absorption that from time to time will break to the downside In this case over here. What happens? You have a lot of seller joining in Because it's a breakdown of support often it will be a break and also of Of a level of fib or pivot together So you will have you know more traders who are looking at these I would say parameters indicators and When you see that over here the dotted essentially Okay, it's becoming bigger and bigger and bigger means more volume is treated this level more voluntary to this level And if it doesn't unwind means somebody is absorbing and there's like really a shift in momentum between sellers which are Jumping out jumping out over here of the stock and at the same time we have like buyers which are absorbing So imagine like it's a shift. Okay, imagine we have like this Big bowl over here. We have all the sellers that are trying to jump out But then over here we have another big bowl with all the buyers they're trying to absorb and Pushing back in over here. What all those shares? So this sellers become smaller and this becomes bigger And what happens over here? There's a shift in momentum and you can see right away when we start like Holding that support and this is bouncing back up. Yeah Joseph I asked that question about or you know for you to kind of detail out What what you're looking for? And in the order flow there There's a lot of questions around it and starting to understand how to gain an edge by reading the order flow and You know, it just kind of reminded me I was talking with somebody I can't remember Maybe it was Tom Tom B. He's doing exactly the same thing. He's looking at the order flow and microstructure at his levels volume profile levels now, here's the big difference I recall And I was mentioning I read and and reread An order flow or I'm sorry a volume profile book. I looked at not too long ago And And in the analysis. Yeah, okay, sorry Bruce continue. Yeah. Yeah, so I know you don't look at every now And then you look at the profile as well, but Your picture like on daily and hourly chart So so anyway, the The trader or the author of the book was saying like on a on a pullback Very similar to exactly what Joseph is looking at on his pullback strategies to his J lines The The author said he's just getting in just puts an order down there and he wants to get filled there there's So much risk Or it's not really optimizing your your trading if if you do that. Yeah, sometimes you might catch the very bottom Right, you know bottom tick or very close to it However, you just don't know if more traders are going to come in and push it right against you and just you'll be You'll be flipped out of that trade really quickly or stopped out of that trade instead Look to see when you you find a change in in a shift in the order flow Just like J trader here and that's going to lead to such a higher probability trade Exactly exactly So we hear from this main point we had that reversal and This in this case was for the long side, of course, you know, it can happen also like this for the short side Shorting the pop and looking to cover dips with the exact the same process And then again looking for the short and covering dips So let's look over here now for the next level of resistance and I'm looking over here at this daily resistance area that I have 88 Plus V web plus data. So we have a countless of things together So I like this supply over here To answer I use Volume profile made like, you know, three or four videos even five or six years ago explain how I use it But my prost use volume profile traders is more like a bigger picture So I look that on the hourly and daily chart to see the main zones Part of control high volume knows low volume nodes intro day prefer simply to have my levels phibs and Diaries over here that I see on bookmark. Yeah, Joseph, I just brought that up different levels different ways of trading And yet order flow around those levels Exactly. So your pullback strategy here You're still zooming in looking for an edge Yep What I see is today Amazon Potentially can go really to something like 86 or D5 because We don't have any kind of higher higher higher lows right now. Sorry only lower highs and lower lows So until we have this Price section first wave second wave third fourth fifth. I mean, this is stolen winding Fractals are all for the downside Love this price section. We simply stay over here only for a short side Different is when I'm looking today at something like Tesla Which instead is making a formation of wedge So we start having over here lower highs but also higher lows. So there's no kind of direction And also, of course, we explained before about meta, which is still uptrending We have over here our Uptrend just higher lows. So right now it's pulling back to this area So there's a possibility over here for another possible long but as I said today, I'm not really looking to trade meta In more following the yes, yes below the view up on winding lows So staying with stocks that like Amazon are falling. Yes, let's go back to Amazon Oh, we have still a little bit of time. We have to wait this 88. So patience traders Same on Mac over here. This patience. I remember Mac is a stock at 52 week high We have a stock that has an institution ownership around 59 60 percent. So You know that short over here on weakness could be It is definitely wrong because often you have these like pushed upside. So only look to short pops Let's go back over here one second on thank you So still in winding, but we have the support at the 955 Yes, over here. We have the pivot at 3795 3796 So now I'm winding Amazon small pullback Right. I'm some small pullback over here and right now bouncing So let's wait for the setup This is one of the the keys why I use book map like you can see traders over here. They see 11 29 11 30 And this is Mac. So we're talking about a small cap You can see this main wash And over here is We have an absorption. No, we have a here. What we have an exhaustion play. So totally different You see this main wick to the downside This is a washout right away price price is reclaimed and push back up Okay, so this often happens on the fast dumps Sweeping the gear over here So all stop loss is triggered and then right away you see the bounce. Okay, so this is exhaustion plate down side bounce Which doesn't mean long over here. This is just like when we exhaust the downside exhaust the downside Let's go back over here on Amazon And we're gonna zoom in so going for new lows Expected 86 today. So let's see now if we're gonna have another fake breakdown and then push back up So almost this level almost this 87 20 87 20 tested over here holding the support I'm not definitely looking to buy something like this and also I'm looking at Tesla. I'm looking at yes boat unwinding So no point over here for me to Short it sorry to long it Breakdown in this case We're trying out here to absorb at 87 15 You can see a hold of a heat map second one over here 87 10 Reclaimed at level 87 20 now we hear what is doing exactly fake breakdown again Is this an a plus setup that I love to train long? No, this is only a skull play countertrend right So only a skull play over here Exactly the same Process that happened over here. So breakdown no follow-through Absorption reclaim of the previous level of demand, which is the support zone and then push it upside Now where we have the first resistance in this case 88 so this level over here where I have my line Not going to touch it until that level over there Yes traders It's also bouncing on the support That support over here is given from a fib 3790 and see over here my fibs trace 38% fib level 3790 and bounces reporter here gonna cover meta. All right, so we have over here Just to analyze not because I'm going to trade meta. I'm not gonna trade The day for me is already done. It was a good morning We have over here the breakdown fake breakdown of the web Here bounce So now we're gonna look for This pattern and a possible long play. Yes is bouncing right now. So meta could have this pattern coming They're building over here higher lows and higher highs You can see also over here We have buyers Moving from this level to this to this so they're trying to push the price up over here This is still not along first resistance over here one zero three We'll call over here the trade if we have the setup But as I said won't Trade it. I will just explain the setup itself if we have it So I expect in a consolidation the one zero three when I say consolidation into this area Meanwhile, I'm watching at yes break of the one zero three point thirty five One zero three point sixty and no trade for me over here confirm long So just like not touching this Order fell So just a scalp short over here and yes for the point that we have this wick means at this point up here We have sellers So not long in over here yet. We have to weigh that consolidation order submitted 90 main J-Lines Get into this point now. Let's look for some consolidation. We have a nice heat map over here one zero three We're breaking the slow traders. So no long setup yet. Yes, it's curling down Tesla's curling down Amazon on the verse But we're watching we hear Manta the only one counter trend and so another push no long yet Have a small reversal more like a scalp and I also see The main trend line here We need a little bit more consolidation going to look at these patterns. I'm looking at how much demand we have at this point I'm looking at the amount of quality consolidation. We have the longer the better Amazon meanwhile over here giving a fake out this point. You can see another bull trap Yeah, not not easy trading. I mean very choppy Yeah, I believe Bruce will be until the election are done. Yeah like this So we had some decent trends But you know right now it's really is really choppy so this Preferred to wait for for the patterns not wasting over here Incommission chop getting stopped out. So wait over here. Yeah, this is something. I really like about your your trading Joseph it's very simple and very disciplined and you're okay with that like just It's not an a-plus setup Yeah, it's also good. Not gonna tell me Bruce not gonna take it, you know Yeah, yeah, yeah, what I can tell you Bruce is that if we remove this liquidity at 51 this will definitely push So this over here, let's see if it bases now at 103 and 50 and that is gonna push probably to new highs 104 Breaking the supply area that we had over here at 103.60. So possible next target 104 main catalyst over here You can see 37,000 Until the price is gonna stay below. I'm sorry above this 103 and 50 area This is gonna push now. We're about that resistance Let's see if it's gone and consolidates and push back up if it breaks the 50 Then he's gonna feel back again to this 103.35 Sold in the 50. Let's see It's a main point over here What I what we're looking is one of the patterns that I like to trade And then has to hold this and to have the secondary push to that level one zero three point fifty. This is support Consolidates want to see a heat map coming Then that is the low risk entry pattern Right now over here. I'm helping, you know in the meantime a few traders. They're just like Let me simulate in some practice trades on on ES and big caps I think it's a good market right now 1130 12 o'clock slower to practice entries So it's something that I really suggest new traders to do even with book map or with whatever you prefer just like practice retrade or trade like in demo In slow markets and then when you're like, you know When you can read all the flow at a faster speed when you know what you're doing Then you can basically, you know, the trade may be in the open first start like in paper This is the along over here confirm the one zero three and fifty five one zero three and fifty three risking the one zero three and forty nine It's a breakout After breakout, we want to see a pullback into support. We have a tight risk. We're looking at least for 3R So 75 and then 104 Or, you know, a multiple are trade So I was saying traders try to practice before trading live. Okay, so when I for example, I train a trader the first thing is I Make him study the pattern so study the pattern started over the flow Once you're confident, then you start trading live with small size having a risk and then putting more size You see over here. We broke the one zero three and fifty is soak a little bit push back up and then down over here So scratch rate Yeah, market is slowing down and looking at medicine looking at the ass over here. I'm looking at Tesla Let's wait for a great setup But we're gonna expect again the price to reach the one zero three That was own. Yes. Cyrus on Amazon Cyrus on Tesla. This is the market at this time Some good rains at the open first hour and then slowing down. Let's see if we have any questions here, Joseph and I Don't know if we can even maybe Call it if there's no other questions or discussion points to go over here We kind of maybe call it a day if you like we're almost there anyway Yeah, I think the market is pretty slow this point and it's not really moving so for me, it's it's fine Bruce If questions ready with the results Yeah, let's see here in YouTube. It's pretty good there and Let's see over here in our discord. Just a second No, no, we're looking pretty good Joseph. Yeah, I mean, you know If there's nothing else, I mean like something like again like to really note here I for me at least is You know Jay traders an expert And he's looking for only his setups And when he sees his setups, he knows he has an edge and he's gonna trade it if he doesn't see it he's not gonna trade it and That kind of very Kind of blunt simplistic discipline is Lacking in a lot of traders. I mean Joseph the number one thing that you said that The the traders that you Mentor that they lack is trade management skills They can find that they can understand the setups they can understand all all the concepts they can understand You know order flow and where to get in the entries and exit points, etc But they just once the trade is on they can't manage it Exactly exactly it's important to enter in a trade But it's also more important than to manage the trade So knowing what you're gonna risk knowing your targets how you're gonna trail That is essentially the most important thing because in that's the only way that you will increase your R return I can tell you this a Four sorry Trader that I that I mentor in Six months made four times this capital. We're talking about the big six figure, but in one trade Lost 40% So we're talking about more or less 100k loss Now somebody could say oh wow. Well, you still like up for the year. Well when you have that loss You know it's every day is like one or two K And then you have like a 200k loss in one day when you have a loss like that. It really Knocks you out in terms of confidence. So even if you were able to grow that account like four times In a long payer, so you know how to trade essentially But you lose confidence because you had a big loss like you got hurt like you have a car accident And then you have to start trading smaller again because you think everything now you're gonna trade it's gonna be a blow-up And this happens because traders have one no self-control I'm also talking for myself More let more or less. Everybody has lack of self-control can happen that Bruce has maybe once a year Can happen me that I have to a year or it can happen that we have like 50 times a year That's a different between Pro trader or a beginner the pro trader knows how to react Generally not always will know how to cut the trader sooner and How to understand when he's doing something wrong? There's always I would say the best thing to use the softwares that they help you to I would say use a better risk management stop loss a dollar reset Or range or whatever that makes you a better trader So traders in my opinion work on your self-control and the risk management if you want to become a good Professional trader or even trade, you know like in a profitable way Well, yeah, I mean the the the funny thing is and I keep You know I keep repeating Joseph there. There's a big distinction here though and The trade management isn't is very important what you're sharing with your users or your followers When you're mentoring them is you're sharing your setups You know, they have an edge. You've done the backtesting. I you know, these are these are your Trading strategies, I mean maybe other people do something similar, but these are yours. You know, you have an edge Right there. That's a big distinction Okay, so other people may not understand that edge And then therefore they don't really know how to manage it either So, you know, the if what good is it if you yeah, you can get really good at trade management, sure But you got to have a plan first And and you got to know you have an edge. It is the single most important thing first And then then your trade management around that edge And to to really optimize it So I don't know you tell me Joseph. You're you're the expert here. Oh well sometimes I think that stats are as important as Trading Technically, but remember always that these are stats that I for example that we made so it's just an example on Futures and big caps, but remember then Stats give you an idea become a good trader in this market. You have to be a sniper Be in the trade futures big caps or small caps So sniper means quality of trading quality of trading comes from a very good system or strategy plus this So just this traders work study if you need help reach out to us me and Bruce over here to help you and book map Yeah, yeah Guys there it is. I mean encapsulate it right right there. So, you know First first thing before just starting, you know, there's a fire bullets out there. When do you have an edge? Do you know you have an edge? Okay, and how often does that edge work out? What are the probabilities? So you've heard Joseph talk about like yeah I've had some losses But he gets four or five return or at least two to one risk reward Then you know, he makes up for those losses very very easily But you got to stick to it though, and you got it you got to believe in it You got to know that it works And and that's the the edge, right? So Anyway guys, I think I've made we've we've been over the points many times over but this is really it when it comes down to it and That that should It's not magical In that sense, so I mean Joseph you talked about it before the Taekwondo you had a mentor there You go to the gym All the time you're you're extremely disciplined with these things and then another thing too that I really really like about your trading is The the mentality of like It's I'm just gonna cut it. I'm just gonna cut the trade. It's a loss. Okay. I'm out and And then look for the next one And the next one will be your setup as well, but if it's not working You just cut the trade and you don't worry about it that that mentality there. You don't let the losses get to you Exactly exactly trading means accepting losses the faster your sap that you will lose and For example, I have a traded is profitable very profitable. He has a fifty five forty five percent win rate Okay, and he moved to fifty five with this fifty five is profit factors three point forty four Three point forty four means that even if we will lose and get to forty percent win rate It will still be highly profitable So when Bruce was in before look to have a perfect trailing look how to manage the risk Is this? That's how you build your account. For example, Jordan is a now professional trader two years. He's trading in the room And he's doing amazingly So this is possible. Yes, but you have to work really really hard This is a tough market. And if you're not skilled, you'll simply gonna be losing money Yeah, exactly So what I mean that I Don't know Joseph if like You know, it's even worthy to I Don't cover that maybe in some kind of course or like maybe we do some workshop with you or something about how to accept losses and Exercises on that. I mean it's similar to like, you know going to the gym and and having your workout routine or Similar to a diet or you know, I have a precise a precise I would say Training for that which is called mentoring and three things that I could give like, you know Right now fast to traders is called my three R. The first thing is the routine routine gives confidence The second thing is retraining Because if we are like, let's say a football player or a basketball player When you are when you want to improve when you want to excel when you want to be the best way to do When you get back home after your day, you're gonna simply Train more. Okay, so you're gonna practice over and over and over until like you're exhausted Same thing in trading if you can't retrade if you don't retrade You won't get better at your timing at your fills and the last thing is a report card So in a way when you have to analyze all your trading knowing where are your faults? You're as your pros your cons So that you can evaluate and literally you're trading both emotionally and technically this is Big three and this is basically what I explain a trader for cause this is basically the the summa as we say in Italy of A correct process how to become a real day trader La summa la summa is like the the most the best out of it. Okay That is Did not know that word Yeah, I will post this in that is that a San Marino type of No What is the dialect there by the way Just regular kind of a Tuscan No, it's it's more Romagnolo dialect is very funny. Actually, I'm not really a big dotted guy. My father is and You know, I Don't think we're gonna talk in that it over here. Nobody will simply understand Okay, okay sounds good Alright, well guys I put into the chat there Joseph's contact information if you want to reach out to him and You know, he offers the mentorship services there Guys, there's also something I do want to mention that yeah hit hit the like button here if you like this video That really helps us subscribe to the channel You'll get alerts when new Releases come out or when these webinars approach, etc Which is great and there is this blue jacket Here, let me show you on book map comm slash blue jacket and It is about the Here, let me I'm just gonna show on my screen here the Is a competition here a contest so if you it's about creating content showing your prowess in your trading screenshots videos whatever and Create some great content here win the blue jacket You'll be featured on the book map insights web page here Joseph's on there as well as other Excellent traders. You'll be featured there. You'll win a three month subscription To book map, you know and data includes data here with data, right? So this is big it obviously you got to have a book map already, but You're gonna get this three months more or you know, whatever it is We'll figure out there for you and then also Potentially working closer with the book map team here. All right, so this is a big one Actually, so consider it. It's easy to sign up here. I'll put this into the chat for you And sorry Joseph. I don't want to catch in there too much of your time, but we have a lot of I want a blue jacket too, buddy Double excel or triple Yeah, yeah, well, we're gonna have to kind of You know I'll alterations on the on the arms there your arms are way too big to fit in the blue jacket So Yeah, so I put the details in there guys so in the link so you can find out more about it And yeah Just another note Lots of new releases coming out keep this name here There's a new liquidation indicator coming out guys that we talked about it earlier before Joseph joined And that's very topical right now It's really a meltdown right now or a potential big meltdown in crypto and we Have some other New indicators coming out this week and next week Really powerful stuff. So I just want to let you know about that They're not Joseph any any last pearls of wisdom. Oh I think we have so many Wisdom ask Bruce because he's the one over here. He's the man No, I'm not you are that's why we have you on so Great stuff guys reach out to Joseph for you know that kind of discipline. We were just talking about That's why we have we partner with people like Joseph. All right, so Because you can learn a tremendous amount Apply it to your trading All right. Well, thanks Joseph. Let's let's wrap it up. We'll call it a day and we'll we'll see you next next Wednesday Thank you guys. Thank you book map and good luck. Bye. Bye. Bye