2022-02-16 Bookmap Live Stream - Stocks Order Flow Trading with JTrader

2022-02-16 Bookmap Live Stream - Stocks Order Flow Trading with JTrader

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all right good morning traders and  welcome to the bookmap advance webinar   with jtrader stocks trader today uh we'll be live  trading with jtrader it is in simulation uh a demo   paper trading mode and strictly for educational  purposes i'll go through that in just a minute   uh just so uh it's to learn uh and um we do  this every wednesday with jtrader and tomorrow   we have live trading with scott pulsini uh a  futures trader so do it two days every week so   let's jump in here and go through the disclosures  and get started you have jay trader's a contact   information if you want to reach out to him he  offers mentoring services etc general disclosure   all bookmap limited materials information and  presentations are for educational purposes only   and should not be considered specific  investment advice nor recommendations   live trading is in simulation demo paper trading  mode and strictly for educational purposes   live trading executed in simulation cannot  accurately represent realistic trading performance   risk disclosure trading futures equities and  digital currencies 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 okay so joseph will be in here soon   uh can everyone hear me and see my screen just  make sure that uh broadcasting correctly here   if you could just type in a yes  in the advanced advanced webinar so let's see uh yeah the link there  is no link to the webinar here it is   in the streaming uh room uh there mr  whiskey writer so yeah check it out in there anyway i'll answer that question  uh here in the voice channel okay all right guys well let's get started  here jay trader comes in in a little bit uh   he always comes in about 10 or 15 minutes  uh later he's finishing up his trading room   uh and um i want to uh tom will stream live  today as well it's after the webinar though   okay so uh typically uh uh look for him  right after the webinar but uh you know   he's scheduled at least 4 12 east coast time okay  all right um all right let's take a look at the   the market here and i hope you guys caught this  move i saw this move saw the order flow in here   i thought it was pretty easy read looking for  this move down and this break of the channel here   break through this 4440 area here and looking  for continuation down to this high liquidity here   hasn't gotten there quite yet it's come pretty  close but not yet to 44.25 uh a few different   things to look at in the read on this and i'll  go over it in a second i just wanted to mention   um and shout out uh to uh bowie uh yesterday and  this um uh yeah i made the video recording here   uh good morning david um the video recording about  uh order flow and v app uh from yesterday so in   fact let me let me show you where that is if you  want to look for the recordings uh this is where   you can find them okay on our youtube channel  uh just scroll down a bit here uh go to bookmap   search for bookmap on youtube you'll find  it uh and then live streaming here uh and   this is the one okay so uh uh it's uh uh titled  here uh order flow v-wap and market structure   and some this is exactly what we're looking  at here in terms of a breakout we were looking   for the breakout of the v-wap here v-wap was  holding it down there was high liquidity here   but we noticed that the volume coming in uh we're  looking for the break of this 4450 to 55 and then   60 and then maybe 65 came pretty close to 65  but didn't didn't uh do anything more than that   and this is where bowie is looking for the move  and the tag back down to v up here so you know   there's market structure in here uh this is um it  v wap relates to it uh as well or maybe creates it   uh doesn't matter there's trading around  it here this is where we get the breakout   this is where we got the retest where  it broke out again here there's kind of   a flag pattern or a breakout a little bit of  a pullback and then a pretty strong breakout   and then look at the pullback to it okay now  let's also take a look at and you can see the   structure in here and look at the break of it here  break of the of this swing and this structure here   uh and uh and and nice move to the downside okay  so this is kind of a pivot line in here basically   but it relates to view app okay so if you are  a view app trader you like the v web great   look for it to line up with order flow events in  here and it lined up pretty nicely uh yesterday   you can see this kind of really really important  kind of break of it a breakout of it retest to it   a break of it again and then everything underneath  here again down below v wep but then another break   of it here uh and then tested and bounced kind  of back and forth off it and then the close is   really kind of convoluted here on view app but  it held you know rather nicely um you know the   these these were kind of false breakdowns of  it uh again like look at your market structure   this is where it came to right this is where  that pullback came to it came to here uh just   line these things up with your um your higher time  frame way of trading is is my suggestion uh and um   or a consideration there uh that that's it um all  right so let's look at the live market in here uh   and before i do that let's do a little more  market structure on the higher time frame   uh daily chart here on the left hourly in the  middle 15 minute here on the right uh you can   see the again market structure holding pretty  nicely here uh on this uh uh hourly chart uh the   and the daily as well uh anyway like up to these  kinds of swings up here this little swing here   and then now we're breaking down a bit and then  here's the 15 minute chart here this was our gap   from uh the other day but um looking for that to  fill now uh today uh here here come the sellers   now uh there was a little gap this morning uh in  regular trading hours you can see it right in here   uh and it already filled it and then looking  for the the if it this is why i thought it was   an easy read due to this structure in here uh on  the candlestick chart why this was an easy read to   the downside uh was we filled the gap see a big  wick and see another big wick here looking for   the breakdown and and the follow through and still  looking for further uh down to 44.20 all right so   and we know there's high liquidity here at 25  right so it hasn't hasn't quite gotten to there   yet became pretty pretty close so anyway  that's where we're going to line up this   and this understanding of market structure  with this in here in book map all right so uh   the um the back and forth and here high liquidity  in here at 44 40. uh and then you can see them   trade into it and through it uh back down to  this high liquidity at 35 uh and also 30. okay   so we're still bearish here we're outside of this  range here we're looking for it to start to trend   right now we have a double distribution here and  looking for the move back down to 30 and then 25   okay so 20 was kind of our level but the high  liquidity is here at 25. so again this is where  

like you can use this to your advantage we're  looking for 20 and maybe you would be on your   candlestick chart as well and it might go there  but the liquidity is here this is the game   and they're adding more into the book as you can  see it was kind of orange they're adding more here   around that level and then it gets red in here  as well so they're adding into this area here   along with it all right how about some stops and  icebergs considerations let's take a look here   um and i was demoing this  so i might i might have some yeah i need to kind of play with that a little bit that looks pretty good okay some icebergs still up  here um another one trading right now it just got filled it got filled in  and you can see the bump here in the in the sub   chart here but it's not on the chart because i  filtered it out okay so if you don't see it on   the chart but you're getting the reading  you know why is because of the filtering   i'm using the filter here the automatic threshold here and it's looking  at it has to be at least 616 in order to   display here that's a little high maybe we'll  bring it down a bit here and look at now 321   using the multiplier here and and i'm  using 60 minutes here as well all right uh everyone can hear me right uh she seems  to be yeah it's broadcasting correctly   uh eighth trader i don't  know why you don't have voice that's weird okay i i don't i don't know what what to tell you um  it sounds like it's probably a sound setting or   something all right so let's see this is getting  a little slippery in here um we're still looking   for the move down into this high liquidity  here uh and the trending move um at least   you know we're in a new range as you guys can  see we had see retail sales this morning um   and uh yeah sam sam says try try leaving well  you're not going to be able to hear me anyway so   yeah leave discord or rejoin uh restart discord all right uh so here's here's the breakdown here  uh that we see pretty strong move uh continued   here buyers coming in so we're seeing a little  bit of market structure in here down here and   then kind of a lift immediately back up uh and  it's kind of bouncing around in here here's your   view app as well curling back down and the view  app is is actually pretty nice here it's aligned   with a low volume node here as well as the where  it broke from here right so we're looking for   these sellers here they come they're already  kind of at the bottom of the range here uh and   yeah i'm looking for the move down here that's the  primary scenario okay to this 25 area here now i   i just imagine there's going to be some sort of  shenanigans in here before we get there all right   so we're going to keep an eye on it and look for  something that really tells us so here's already   a pullback to where it it just started to break  a bit here okay and looking for the continuation   it's a low volume pullback and looking  for those sellers okay here they come let's see so anyway uh did you oh good morning uh joseph all  right we're we're all we're all set then uh anyway   guys uh we'll cover a low volume pullback another  time we covered it in detail um last week or maybe   two weeks ago uh great great setup here uh in  fact j trader kind of does something similar uh   using stocks in huge moves though and he's looking  for low volume pullbacks to his moving averages so   let's turn it over to joseph and let him him take  it away here and i'll stop uh sharing my screen   good morning bruce good morning  everybody good morning bookmap traders   good morning joseph how are you doing uh  good buddy i'm just in a trade on spce so i   will cover that when we start sure let's  uh let's see here let me get to your go ahead and share can you see uh spc  and uh book them up uh yes hold on   yes excellent okay so welcome traders for  another uh lesson so i'm actually uh trading spc   uh spc yesterday had a lot of volatility  and uh i'm just going to show you   what happened so basically this pushed from  880 so it's a eight dollar stock but it's not   a small cap it's a two billion dollar company  uh they had news it pushed all the way up all   the way up and we had a peak over here around 11  so from 8.8 until 11 uh we had one dip on the j   line second dip on the j lens and you  can see until the zone is basically   uh blue over here aqua you don't want to  look for a short then this morning i was uh not fast enough to trade this i saw some  traders in the room they were calling this   and i think they they got a very good because  we popped just near the jaylens over here 1050   which is the spike that we've seen over here  right uh this spike over here 1050 push and   then we started to see some some unwind this  one second traders i need to modify a few things we're going to put this okay like this and we're going  to put also our sweep indicator all right so now we have  also the sweep indicator on   so we started to fill this j lines over  here around 10 50. so perfect to the   half little number and we started to unwind  over here okay uh so you can see over here   that now we don't have any more that blue magenta  area but we have over here the pink magenta area   sorry not the blue aqua area but the magenta  we started to unwind on wine and wine and   i was looking for a short into this zone but  it was very choppy you see we go above the v   web v up is this red one and then we fill and i  didn't like really this price section over here   so i was waiting for a main breakdown  because i was seeing the stop and then   right away down the stop right away down the  stop right away down so i was looking for   some kind of trend line and then i look at  the bigger picture okay so always try to   uh you know uh use a maybe five for 15-minute  chart uh zoom out and start looking at the   picture because if now i put a 15-minute  chart you will see this ascending triangle   and then over here we have the breakdown and  i decided to short exactly that 10 19 so i'm   short 10 19 right now and what i'm looking to do  i'm looking basically to hold my position until   we won't break this uh pink magenta line over here  okay anybody is short today on uh spc e traders the point is you know to look only  for that boom perfect trendline break   and then you start looking for that unwind it's  not really difficult and i'm looking to put   order flow over here to give me the confirmation  because right now you can see that okay on the   chart we have the trendline break right but also  i need to see that on on bookmap so i want to see   also this and therefore that is my low risk entry  right away over here we have a sweep goes down   goes down over here i would imagine to see maybe  another one on a wash until this low at this low   i want to cover the first part of my trade okay so  always analyze when we have buyers stepping in uh   or like in this case all these magenta dots that  are sellers so now let's continue to watch the   the price section together here i think it  will be interesting because this is has a live   a lot of volatility uh there's a trader who traded  much better than me over here was uh escoffred   so i traded that jaylon rejection you can  see uh short more covered the dip short cover   short jalen rejection zealand i mean this is  this is really perfect okay this is perfect so look to trade those patterns   now we have near a previous support 995 and you  can see over here 990 also the highest liquidity   heat map around 44 000 yep so i want to cover  partial you know before getting into that dip   in order to lock in some profits it's already  a decent move so we shorted this area 10 19   i was risking this side 10 33 so 14 cents now  it's basically down over here uh 20 cents i want   a little bit more when i cover down here so i have  my two r 2r and i'm ready and i'm happy about it 997 i'm zooming in see some bars coming in i  also like the tape house getting faster   i'm gonna filter this we're gonna put this  to four nine nine nine or maybe even 10k now maybe 5000 is is good yeah beautiful trade  joseph thank you very simple you know very simple   uh i'm having this uh week now i didn't calculate  today but having this week 87 win rate and for the   month above 80 so uh pretty good with a very good  risk reward ratio uh the point for me is to select   trade so not ready to trade every single thing  that moves when i have stops to keep it very tight   and then you know trying to hold my position  because for me not covering anything   is uh means um having patience and also looking  for the correct risk reward if we don't let   traders you know our wins our big winners to run  you will cut too much and by that time that this   will unwind you will reduce your rs so there's  like a strategy when i want to trail okay it's not   like you know i'm just holding because sometimes  reverses and you don't get any kind of profit   so you have to find like uh greeks used to say in  media parties means you know the the right thing   is in the middle so you have basically to let it  run but later on also means to lock in when you   have the uh say uh parameters the signals that  tells you okay now it's time to lock in partial okay so good morning amar good morning alec morning tower vietnamese uh og that indicator is a  preparatory indicator for   a small cap room uh in this  case uh small capital members uh yes some are we will check that uh i  just wanted to cover at least partial on my   trading spc e so over here we have two times this  bounced uh and rejected over here the first time   so careful over here to trade directly to  the data and start looking for more like you   know trend line break and then showing always  use yes for this as well so let's look as pce spc very nice pattern over here very nice pattern 997 we are almost at 2r getting a 2 our zone over here all right so 996 i'll have on spce now traders let's look over here because  they started to put some support you see   995 and then 990. so they're starting to  build a wall of buyers over here right   like a main liquidity zone right this is the  demand zone and if we break 990 i would love to   see still more unwind so let's check hourly chart  we see over here the price next target possible   target could be done here into the 945 this would  be amazing for us and then down here to the eight this is spce 15 minutes hard so yeah you can see this uh um bear  flag right breakdown so we should   see more unwind over here we should  see more on white let's see also lcid okay we have the nice juicy jayla rejection   second one over here uh this  morning i was trading also hook i took a good trade so i showed it up only  the first time i showed it over here and then   i covered partials uh i created sophie and  i'm still short i showed this exactly over   here shared in the room i trade with pedro so  i cover first partial down here now i'm holding   and then i shorted bkk t and i shorted down here  bkk t covered over here and now waiting beer bkkt so bkkt over here could be interesting traders i'm gonna put this on book map so i'm watching bkkt very attentively all right so you can see decent buyers  right now i'm gonna filter this at 499. so levels on the start we have a supply above  this morning did a break out over here 850 so   this is a breakout stock volume increasing  you can see also here nice to see curl   i'm not looking for now any trade unless this goes  parabolic or into a high huge level of resistance   of bookmap that's the point generally we'll tend  to look at half double numbers hold on numbers   and this is an extension play okay so very very  hard to trade these if you don't have i would say   order flow education knowledge and  also some tape reading over here   now eight ninety and nine nine is the  main liquidity area so we'll look at nine and we'll continue to match manage over here spce look over here traders until i don't see sellers  i'm not looking for any kind of seller here i know   that you think wow this is high we can short  it but you have to wait for that extension   ideally into this night so again  what i'm doing is my trading   don't follow you're only here to learn  okay this morning i had uh something like   eight trades one was a scratch  six were wins one was a stop so before i remember what we were talking  about right the zone the zone over here   is uh blue magenta blue sorry aqua is  pushing so this is still like bullish this is bkkt so we're talking about a small market  cap company and this company buddy look over   here what it's doing in 50 minutes are so it's  grinding every single day right and if you look   over here the last few days we started to form a  cup pattern with really an endle really this seems   like coming out from the the chart pattern you  know beginner technique technical analysis book   breakout this morning we hear but i  never buy on the breakouts because   often what they can do they can  push boom right away they stop   they sell fake and trap now i'm more in this  plan i show this morning in the room looking   for a breakout then i retest and if i have these  three tests and curls then i'm looking too long price is still grinding there's not a short over here currently over here the 885 you can see another  buyer came 886 over here 7 000 and under 7 000.   there we go so popping into this  890 let's look for that nine give yellow unwinding today so sorry i'm going to explain over here  this is a screenshot that my wife sent   and it's about nvidia and facebook and it's  about how to read the price section then of   course we need you know uh bookmap to to confirm  this but i needed to spot over here how the price   action works so when this bar opens this is uh  even if you see red this is a bullish bar right   it's red only because we are below the j lens  over here so this is nvidia and this is facebook   so when we dip and then start pushing this is  like exhaustion selling and then what happens   that over here we have buyers in control buyers in  control and they start pushing it and you can see   this grind the same thing over here so this was  facebook and we opened this bar and then it dips   so this bar if you look at uh with a five second  chart because this is a one minute right or   you look at with bookmark over here this is an  andover okay so you will see like a cup pattern   in this fraction over here and then you can start  buying buying buying because these are often   like fake washes or basically it's not really  fake watches really somebody over here selling   but is right away bought up so this is only to  understand the price section i think is very   important for everybody all right let's look  over here we're going to that nine volume   is uh yeah pretty low we are  100k per minute nothing crazy one of the two even this is good i want  to see now a fast push over here to nine   and then a stuff and only in that case  scenario i will look to short this spc is bouncing traders so let's check this one  second so we are looking for that main fade below   990. we show it at 10 19. we took the trendline  break over here okay so we were taking this  

trendline break came down broke of this 10 you can  see sellers and then there were no more sellers   over here 995 with you see the support held then  they cancelled so they basically start moving up   up and then also here are the buyers 10 10 now  they're pushing they're trying to reverse the   position so when i see something like this  the remaining part get out don't be stubborn   you already took your position you really  think you took your trade your win that's it sophie i'm still holding so looking at bookmap  it's very simple to spot the pattern over here   uh when we are over here 1315 i  said start looking for a stuffed   uh movement in this case we had a top at 3 13  24. it pushed over here big soak at 13 25 26   and then from that level all  unwind on here till 1270. some big high liquidity at 896 you see this level over here so we are below this 9ma this line that you  see this green line over here is the one minute   j lines no this is the 5 in 90 me right you can  even even only use uh an anime traders right so fail not short let's check pittan hit and pop into the j lines let's see if we can get a short here i see more sellers over here the 55-56 i don't see big sellers for now on pitton  so i'm waiting no short over here for me first main seller came so this is the first level of resistance  you see this trying to stack 54.55   so shorter over here 54.55 with a very low  risk could be a good one starting to look over   here if we make a first lower low and i'm still  looking for bkkt if it can push up to that nine   so let's focus on bkkt first you  see the buyers came back in dkkt breakout over here is pushing 897 899. there we are let's see if we're gonna break  this nine and then we're gonna have a stuff

so this is how i'm looking at the  trade right now only using bookmap we got the first rejection  from this 899 not short yet thank you mar second tesla thank you jay on the second hit on over  here so still up trending   none a huge heat map you know that  gives us a low risk level of entry sofi is also pushing so waiting for  sophie at the previous high 1325   spc 1030 and we're still over here on bkkt micro support 888 if you break 88 expect  to see a wash over here to the 879 my monitors over here watching bkkt the  one you can see also was in netflix pit   pittan tesla apple yes uh sophie uh spc so some stocks and also bitcoin so so big over  here at the nine you can see this big dot right   so this means soak there we are and soak  means that basically they were uh absorbing   in this case all the uh buyers they started to  then dump uh buyers now we'll see if they're   gonna hold this 880 support or they're gonna drop  it you know like uh get away over here get exhaust   and then we'll eventually drop into the previous  support area which was this at 870 where we have yeah the first i would say decent support  over here we have around uh 15 000 down here still trying to hold the price this a95 and md3 poor day 95 so they still don't  want to dump this over here   so our plan to look for a short for an extension  to nine uh didn't take place therefore i'm not   really pushing i'm stopping to watch this  not really interesting for me right now   i'm going to focus more on tesla which instead  is having i would say a better pattern over here   so when i trade tesla the first thing is that  i'm looking as well at es and also in queue yes   you can see it on the right up here so we'll put  only two charts we'll put tesla above and es below bye joseph do you think um i mean you have such  clarity in your setups and you know exactly   what you're looking for um but i'm just wondering  like as a trader uh when you started to really um   you know make a lot of money was it what was the  thing that you would attribute it to uh the most   i would say confidence and uh  conviction in sizing so basically   uh when i had the stats uh so that i could see my  setup uh working so journaling uh back testing uh   looking at the different scenarios and how  performs your strategy so all that gives you   confidence you know you can you don't need  to trade 10 years to do this you can even   be a trader like with three four six months of  experience but knowing how to back test to journal   and already starting to create some sort of  strategy that can give you uh confidence when   you trade when you have the confidence so when you  know how much you're gonna make or how much you're   gonna lose when you have the setup how many times  per average will you know come out during the   the year the the week the month then you have  an edge so having that edge you can start sizing   and then you can start making money because  you know for example you know you will make   55 win rate but you know when you when you win  like three four times 34 r versus one hour stop   then it's really gonna pay you a lot but doing  this takes a lot of time so a lot of traders don't   reach this level because they get uh frustrated  before they think it's easy when it's not   everybody wants to come to this job saying oh  i'm gonna make millions i want to make meal list   well first start considering to make 100 bucks a  day if you can be consistent in that it means you   have a good strategy and then nothing changes you  know besides mentality emotions from making 100   a day to make like 10k a day so really there's not  the big difference there's bigger difference in   experience in how you manage yourself and how  you can control yourself because as you know   uh our ego ourselves can be a double sword  edge can work with us so make us improve faster   but also can be something that obstacles  us and basically works against us   so this is what i think ruse at least this was  my my experience in this yeah great great answer   uh thank you you're welcome so look over  here traders uh why i'm have over here yes   and tesla together so i'm going to do  a little bit of a parenthesis over here   this is a five-minute chart but the same chart i  can spot it with the 50 minutes or with one win   i don't really need to necessarily trade a  five-minute chart so this is a normal j lines   which is a 14 and 17 right if you go to put this  on a one-minute chart this would be 72 and 89.   this is a three-minute j-lines so it's a slower  version of this and this is the even slower j lens   which is a normal 70-89 on a five-minute chart  weights on a one-minute start will be 360 and 445.   now if i look at tesla i don't need necessarily  to look at tesla you can see over here the guide   being yes all morning this is the 930 and you  can see the pop and feel over here on tesla   fading all the way down the same thing over here  sorry tesla fading all the way down the same thing   over here yes so now tesla is bouncing and yes  over here is trying to bounce therefore i'm not   really looking anymore for short okay if you  said we would have been uh seeing trend line   break and then the price over here fading that  was exactly like we had spc before okay twitters all right so now let's look also at sophie being that tesla is reversing over  here so sophie has this high around 1330   actually this morning sophie  we have a main resistance 1320. let's see if we can push this 13 20 and  stuff and then looking too short again buyers are in look at this tape majority  of these are buyers so we see like uh   two thirds green over here times and sales  versus the the sellers and you can see over   here the price got to this j line jaylen started  to curl push over here this could be interesting   on an extension place short ideally this 1325 1330  so looking for a move over here this level 13 25   30 stuff and then looking for a short and  something like this can pay you very much because   over here before we shorter 13 19 and i went to  1280 even lower at 12 so it's like a 50 cents move so this is a main level of liquidity 1320  corresponds to my level of golden zone over here   1320 you can see on a five minute  chart each bar is making a higher low some sellers around 13 14 13 13 but it's still not  my level too short because i was sure something   like this only if we prove that lungs are  trapped that lungs are basically exhausted in the meantime traders netflix z line  rejection pitton curling and pushing best sellers 13 12 13 10. so recap of what we're doing   this morning i'm gonna put over here spc so  you can understand uh the trade with duck we're gonna make this smaller so we  can focus a little bit more on bookmap okay so that's the trend line i was looking on spc all right and i was looking for a main  pattern called jlam rejection in this case   if you are fast enough with the gate you can  trade the pop and feel over here the gate and   look up for a short around 10 40 10 45. this  is a perfect short from our jalen's at the open  

called pop and feel in a tray like this  guarantees basically almost 50 cents per share   a lot of top over here you can see a book map  we had a lot of pushes washes pushes washes so   i didn't like the price section over here and  i stood away and i started looking how it works   together with the chart pattern so we had our  ascending triangle in this case with the breakdown   i showed over here and we can see on  bookmark this uh breakdown short over here   cover over here and then the remaining eye cover  over here just when it starts to reclaim this   90 me so this red line that you see over  here on this chart is an anime and you can   see the price started basically reclaiming  and pushing over here so that is for spce   uh the second one yeah joseph that's a  that's a beautiful uh chart there uh and   a lot of help there with the heat map uh on  down there um yeah into high liquidity there   and then they're still on the bid underneath it  you know exactly exactly and what's nice to see   how they moved from this level over here up  and then more up because over here we can see   trader that we had a decent buyer right he was  placed over here and then when he didn't get   filled basically only partially got filler  here because we can see the dip below   then he moved over here and then maybe it  was him that moved over here but we can see a   reversal right a reversal over here of  the scenario and then they started to push   up again now we are rejecting from this level  of liquidity around 10 45 but we are near the   open level uh and i'm not really looking to trade  this for now okay so i need to wait a little bit   i'm not looking through this right now  uh bkkt was the second one i was watching   and uh we saw a push into this main liquidity  area i saw a trade over here uh one of the guys in   in the room the shirt exactly that pop we're  looking at the nine dollar pop over here and he   took the fade so good trade uh personally i didn't  take it i was uh i was waiting for more i would   say a little bit more push and then unwind so i  want to really to see the lungs exhausted and over   here we have the big soak because they trade over  here decent amount of size then i start to fade   and is this bar over here and then you can see  where we dumped into the first one minute jayla's tesla so over here so tesla you can see morning fade the  best eight plus setup scenario over here today   on tesla happens in the first few minutes of  the gate in the first five minutes i would say   you can see the price pops goes above j lines  come back below this year over here 9 15 and 60 9   15 this is your aerative short which is this  area over here then you apply your stuff above   9 17 and 50 and beautiful and wide over  here okay i missed this morning tesla   i missed this trade um i had others uh i would  say in uh on my screens this i had like another   screen and didn't pay attention so i missed this  trade on tesla so no profit for me and now i'm   simply waiting sidelines until i will have the  next uh a plus setup to trade uh yeah so z the   clouds on j line represent the one and three  and the five minutes exactly then we add hook again i shared all these trades and called  them live and explained why we took it   in the room but this was a i would say a pretty  good example of a setup that you can see up here   is written gap and extension we showed this white  line and when we showed that we are looking for a   fast fail so you can see the open over here up  and fail and then even if you see buyers over   here in the first part of the move right then the  second part of the move we start to see sellers   over here and then we see some buyers and  then against sellers so the prices on wine   is forming lower highs lower lows no reason  for me too long you can see again more sellers   and then they started to reclaim and push it  until the 215. now they're pushing it again   so why you think this stock traders with  the fluff news a very bad uh daily chart   with huge amount of dilution is pushing okay  uh basically it's pushing because we have a   high institution ownership so when stocks have  a high situation ownership they tend to really   i would say trap traders so that's the reason  why i never buy and support uh never buy on the   breakout story i always buy on the dips or in a  pullback 211 over here look over here 210 to 11. this is your breakout why i tell you  it's a breakout why i tell you this   is a pullback because the price goes up  dips over here near the 90 may inside bar   we have a wedge uh or in this case that wedge  small wedge or a pennant and that is pushing up   so break over here what i'm waiting  the price probably to go to 18 220. 215 still pushing you can see that we don't see  sellers over here right still pushing strong so buyers right now are in control there we are they put a support to 11. break down the support some sellers  over here you see 211 210 now even 209 now it's rejected as a double top still holding this previous support 206207  which is this level over here on the chart breakdown on tesla this is a good breakdown the fact is that you can  see the distribution pattern   so often you will see in the market when it starts  making very high lower lows you start looking for   this kind of pattern right so same lows and  then lower highs over here nice breakdown there's simply no rains over here there's no  reason to trade tesla i will never trade tesla in   some kind of scenario like this nonsense  really nonsense you want to trade tesla   when you have an uptrend like this right  and does this seem look this trend okay   does this seem the same thing that  we're having right now traders   absolutely not right now we are the same  open level of before we are lateral we are   sideways there's no way we can trade this  therefore as a trader you won't find every   single day opportunities to make money right uh  well actually we do but the point is you have to   have patience if there's nothing to trade i won't  trade okay don't be stubborn don't be stubborn so simply waiting on tesla over here   apple the same thing nvidia the same thing  over here we had ba bouncing until doesn't   break 220 i'm not looking to trade this  baba bouncing over here until breaks the   high of the day 127.50 and not looking to trade  let's look at sophie what it's just pushing and   sophie has a previous high 13 20 13 30 par  done 13 30 over here so sophie my beer yeah i thought bruce was probably  drinking a coffee but she's not so did you get a fancy coffee  machine in there or not   well pretty good pretty good  okay all right that's important   yes absolutely for a trader it's a must traders  look over here it's going up and i'm looking   this 25 30 stuff now if it happens the stuff this  is recorded so we can watch this together again i think could be a very good uh  useful tool to understand how   stuff happens and what i'm looking for is  the break of the 25 right away boom slam dunk   or a break of this dirty boom down why  i'm looking those two levels because   those are two most important levels on the  chart they are the pre-market high level sorry that high of the day level that's the point and because i lost on snap otherwise was good i'm looking over here traders at the 25  having patience not starting to scale in i know how this extension work pretty  good so i don't underestimate them   i'm waiting for only the setup  that i want otherwise nothing very slow over here still holding this 9ma to  this green zone over here 18 over here now seller came at 13 20. careful  because we could see a wash more seller 17 more  

seller 16 so you can see how it's going down  and how at each level we have more sellers so hook went to this previous i215  small unwind sophie i'm still waiting   spc nothing for now nice to do support over here  uh bkkt uh high institutional ownership let me see   or was a small one this because when we have high  institutional ownership traders it basically gonna   tend to hold more so i'm gonna check it one second  this is our extended play so multi-day runner bkkt uh 36 percent institutional okay so 36  medium institutional ownership level okay still lateral sophie still not the high joseph we have a question here about um you know any of your favorite books  uh on trading top two or three   definitely uh the ones of uh mark v nervini also  a friend of mine uh those are great a great trader   uh great for mentality as well so that  definitely is what i suggest you uh   i like also let me see what was over here more  than about techniques you know because techniques   basically i think it's uh the best stuff you  can find at least for how we trade in a room it's about for me mentality it's for me about  discipline it's for me about the formation of   a traitor not only on the technical point  of view but also under say the psychological   point of view all right some of the books that  i prefer uh let me see over here was put in this yeah one is of course mark douglas and how to  think like a professional trader that is i would   say something that you should all uh you should  all read and and uh i think it's pretty good uh and then even some stuff from stephen goldstein  which i had a podcast a few weeks ago he's a coach   for traders entrepreneurs and we go over  the the skills that a trader needs to have   mentally and i would say also yeah more more  mentally than anything else because you know a   setup a strategy you can learn in one two  three even four months uh doesn't need a   lifetime but then you have to work on yourself a  lot that's the most difficult thing of a trader   so you have to have a good mindset you have  to have discipline you have to have like   discipline in the sense that you are not afraid  to take losses so you have to accept also these   red days uh so these for me are the things that  you should do then as i say i'm really like um honest it's about the experience that  you do in the market more than reading   the books because books are so nice you know  everything is painted so great over there but   when you are have already a great community  like we're shooting things today over here   or you can like give your feedback already  that is more than you can find in a book so over here sophie this is an  example for me of discipline   because there are already two three times  that i would have traded this first i would   have traded long but i'm not trading this long  because this company is disgusting uh shitty   if i can say this and uh i'm not really looking  through something like this long i mean look this   what it did i'm not looking to a tesla okay  i love to trade tesla apple i love to log   but not really something like this over here  um if it had really such a beautiful amazing   news and fantastic fundamentals okay yes but over  here i wanted to trade a couple of times short on   the stuff and then i want to show it over here in  the stuff but i still waited because i'm waiting   as i said this 13 25 13 30 which are the high  of day okay now maybe it won't go anymore there   it's fine but i i'm still respecting my plan  okay that's the most important thing for me i want to see one second snap so still lateral facebook have to drop this  morning so lateral a mu lateral over here piton lateral so i'm not really interested in  that netflix maybe that most interesting one   below the previous day low breakdown over  here so netflix is the one to follow for me   in the afternoon yeah this is the hourly chart we  have a main support over here around 383 and 80.   below the support next target over here 390 and  then over here 384 35 yep uh netflix definitely   is on my watch list for the afternoon and i'm  gonna explain yeah thank you mark i will just   check now but i uh what i'm going to trade  over here is exactly this so if you have your is this this is what i'm looking to  trade this is what i'm looking for   that's it this is what i'm looking  on netflix so not very difficult   trendline break as well so online break as well  so this is exactly my plan that i'm spotting on   that i want to to wait for on netflix nothing  else let's check on tesla i want to see also   the order flow so tesla is unwinding but we are  still above this um previous main support 907   so i'm waiting nice wash over here probably  the sweep indicator would have worked okay traders we have the remaining  five minutes uh any questions no it's pretty pretty quiet in here uh   our ammar is talking about the  tesla breakdown uh with the nq uh yes the only thing buddy careful because  we are above that hourly jail is okay   at nine zero three so careful for  that now we still have like some range   before was the important support  nine three zero three nine zero four yeah could become an interesting trade  could become an interesting trade   a trend line break over here oh let me check yeah i'm definitely going to watch  over here tesla ford afternoon yes but careful this nine zero three nine zero four  main level of support yeah godzilla are perfect   are these indicators but have a j lines is just  having a 72 89 exponential moving average uh these   numbers are from the uh fibonacci expansion  code so i've been using them since 2003 2004   and uh uh then also you can use on other time  frames with other i would say parameters but   the most important thing is that for now you  look for a 7289 for example this is sorry this is an easy way to spot things and we can see over here at the open we have  the perfect jaylin rejection tesla too short   then we had a second one and then  over here nothing for me because   i'm looking for more pattern so now we can look if  we're gonna have another pattern over here right so let's start seeing something for example  on sophie uh when we took this short up here   look where it went the main j lines over here and  then started a recurl and gave us a long entry of course jaina's like this means  nothing you'll have more losses and wins   but jalen is using our strategy that i teach  uh you will have a very powerful strategy so some selling over here on  sophie now back to the day lines all right traders if we don't have any more  questions we can wrap it up over here for   the day so it was a good morning uh some good  opportunities spc was the best one i hope you   enjoyed it bruce you want to add anything else no  no great uh great webinar uh thank you joseph uh   and uh uh yeah let's let's wrap it up and uh  we'll do it again next week next wednesday   okay twitter so in the meantime take care  always write to bruce 24 7 is always available   and uh uh let's let's see lewis over here i  think he has a question sorry before you go how could how do you choose the list of stocks you  look at okay so for big caps i always look for the   i would say 30 40 uh stock that i have my list and  in that case i start looking at the direction if   it's inside the previous day range or it's on a  breakout or a breakdown so i'm looking mostly for   spot of volatility and instead for small caps or  even mid caps i start looking for the main gappers   and the main gappers with at least 20 percent  gap uh with at least half a million volume   uh traded and then i started  looking to do my forecast which is a   precise i would say um way that i define if a  stock is going to be on my watch list for a short   or for a long it's a little bit more complex  than this i mean we would need to take like   a couple of hours to explain this but this is  basically what i do plus i have bitcoin every   single day in futures that i trade uh no i don't  really like the script screener on toss or ib   for for the gaps you can simply look at  any single broker having those parameters   or for example i use personally at sutray which is  the app for our community for our small cap room   and it's very very simple so just look at the  gappers the volume half a million plus and   twenty percent at least of gap you don't want  to trade something that maybe is forty percent   fifty percent gap but there is no liquidity in  that case it will be you and the market maker   and if you have like a stop you will  pay a huge amount in terms of spread   so that will be a big loss liquidity is very very  important that tells you that you have you know   another side where you can sell you know supply  and demand always shift that's very very important   let's see over here lewis what else is saying uh do you usually hours on the  market ninety percent body always   limit orders but be aware that if you use limit  orders when you have a squeeze or a big wash   you will probably get filled so  experience told me that you always need a   hotkey or you know an emergency key that  in case something goes wrong you get out   very fast with the market order because the  wise let's say that you wait for a breakdown   to get out it's not only you but you and maybe  other you know one thousand traders that are   spotting for example that level as support as  their stop-loss level and also you have hunters   hunters of stop-loss who are market makers who can  be algorithmic program in order to go like or say   study your behavior and then know how the human  being over here behaves that retail trader behaves okay so hope this traders is uh you know  starting to get simple for you you can read   better the price section uh if you have any  doubt or questions reach out my email is team   daytraderco.com also want to edit something we're  gonna have a promo for uh the president day uh for   the room and we never reach out anybody on ig or  twitter or anything else so these are all like   fake accounts of people trying to uh you know rob  your money so we never reach out to anybody okay   so don't really answer to anybody that is not j  trader co that's it thank you very much traders   see you next week thank you bruce and  everybody all right thank you joseph bye bye bye

2022-02-21 07:54

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