0:02 hey guys Brian from verbal traders here
0:05 Wednesday May 3rd so I ran the room this
0:09 morning as it turns out Andrew Andrews
0:11 moving today and he woke up this morning
0:13 and discovered they had disconnected his
0:16 internet early so earlier than he
0:18 anticipated so he didn't have an
0:20 internet connection this morning so
0:24 that's why I took over on the room sort
0:28 of found out late he texted me at 6:15
0:31 6:20 so we didn't have a lot of time to
0:34 do a review and the markets but you know
0:36 we got through everything and we started
0:40 out looking at TV to have a TV a kind of
0:42 broke down a little bit at the open then
0:43 that's why I was looking for so I took
0:46 an entry but in really like the way it
0:49 acted so I closed that position out we
0:52 made a small gain on it but it never did
0:54 follow through and give some nice waves
0:56 of selling like you can see here on the
1:01 IQ chart so you know did a few few
1:05 trades in the morning and then just
1:08 wanted to go over this IQ 1 IQs when I
1:12 keep on my permanent watchlist I have a
1:13 permanent watchlist that I just keep
1:17 stocks on like mu FB Facebook micron
1:20 square and so I'm always watching these
1:22 for training setup patterns and IQs been
1:24 on my list because it's been a sort of
1:27 an active stock so you can see it I
1:29 didn't catch this unfortunately I didn't
1:32 catch this this breakdown from 17
1:33 dollars this would have been a really
1:37 nice short trade and you can see how it
1:40 it sells off and then there's some bear
1:43 flag and then it sells off again another
1:46 bear flag so you can see it's like 1 2 3
1:51 4 waves of love selling each with a bear
1:53 flag could have picked up on any of
1:56 those each time it broke broke a low
1:58 here like I said unfortunately I didn't
2:01 get that but what I did get was and what
2:02 in the trade I did do in the room was
2:04 this double bottom and people have
2:06 followed me know I love these these
2:08 setups for reversal these double bottoms
2:12 they they quite often work
2:14 and when they don't you're not taking a
2:16 lot of risk because you know my entry
2:20 here was I think it was a 90 somewhere
2:24 around 90 and you know the risk to here
2:26 is if it breaks this level you don't
2:29 want to be you want to be bailing on it
2:32 so you've got a little small you know a
2:35 small risk and my reward I was looking
2:38 at this level here and that sort of
2:40 coincided with this the view app line
2:46 and so I liked that as a trade you know
2:49 that V web line and the trade was up
2:52 around 1630 so if I got 1590 sixteen
2:56 thirty you know forty cents 10 cents
2:58 downside good risk reward fifteen cent
3:02 downside maybe so anyway yeah so I took
3:05 this trade and you worked out real well
3:07 you could see it it never made it up
3:09 here so I I did scale out a little bit
3:13 and took the final amount off just under
3:15 twenty I think and it just seemed to
3:16 flatten out a little bit unfortunately
3:18 didn't miss this we it didn't get to
3:20 this view app line but you know you've
3:22 got a you got to keep watching the stock
3:24 and when it looks like it's it's not
3:26 gonna go any further you just you know
3:29 you take your money and you run so that
3:32 was the one trade another trader wanted
3:34 to look trade I didn't do but I wanted
3:35 to talk about whether it quickly was
3:39 this again these these plays around the
3:43 vu app here's a nice people in the room
3:47 traded CAH I did not trade it but a few
3:50 people did and I guess they got a nice
3:52 it was a little choppy at the open so
3:54 sold off a little bit came back up and
3:57 you can see it sold off here and then
3:59 caught up the view app line caught up
4:01 with it and you can see it kind of
4:05 punched through here it was a false
4:08 breakout it came back false breakdown
4:11 sort of just kind of cycled along here
4:14 and and then you can kind of see these
4:18 small little patterns tailing off here
4:20 and and that would have been a great
4:24 place to to short this stock just as you
4:25 see these these
4:28 small candles starting to you know over
4:31 this period taking pulling away from
4:33 this view a plane you know was gonna
4:36 fail lower and you know probably could
4:38 have taken a target like somewhere
4:43 around here previous low but anyway it
4:45 was good for would have been good for a
4:47 trade unfortunately I didn't do that one
4:49 but I did talk about it in the room and
4:53 I did say that I would would review it
4:57 so anyway that's it for the day had a
4:59 good day and a bunch of good trades
5:01 scalped another one a I think way krx
5:05 did a little scalp on that one and yeah
5:08 so this brighter bearable traders will
5:10 see you in the more in the in the
5:13 morning Thursday and I think Andrew
5:14 would have his internet connection back
5:18 and so will will be up and running at
5:21 full force we'll talk to you later have
