0:03 hey guys probable traders here Monday
0:06 May 14th did a couple trades in the room
0:11 and this was the one that I posted that
0:13 I was watching on the open xrx Xerox
0:17 this is a one-minute reason I liked it
0:20 it was gapping down I looked at the
0:23 pre-market action it was pretty steady
0:27 this level here 2860 was when I was
0:29 watching because I was kind of like the
0:32 pre-market low and you can see here it
0:34 didn't really do this kind of stuff in
0:37 the pre-market it didn't sell off so
0:40 liked it going in there was steady and
0:42 so I said I would look at it as a short
0:46 opening range breakdown at 28 60 this
0:49 level here and didn't waste a lot of
0:52 time we had like a minute or two and
0:53 then it just started to break down so I
0:58 took the entry coverage some around just
1:02 under 28 it it did this little bear flag
1:07 here and then did another pullback and I
1:11 think I covered some in the 27 60 20
1:15 a.m. range so yeah it was a really nice
1:18 opening range breakdown and it had
1:20 everything that you know I kind of
1:22 looked for it it wasn't it wasn't a huge
1:25 gap down it was a decent-sized gap down
1:30 and you know had a nice established
1:32 level where he could trade against on
1:38 the short side so yeah great great setup
1:41 great a great opportunity to do a short
1:43 trade on xrx the other trade had in the
1:46 room was a little later in the morning
1:49 let's take a look at it and vidi a
1:51 Nvidia came back to my old friend Nvidia
1:56 and why I like this trade you can kind
2:02 of see here why I picked it up yet after
2:05 it popped up and did some stuff broke
2:08 through the view app came back down and
2:12 tested this pre market low level right there
2:12 there
2:15 and you can see it respect to that level
2:17 bounce back up and then it came back
2:20 down again did not go to a new low
2:23 didn't made a higher low and that's when
2:25 I got interested in it basically I
2:27 thought okay this could be you know a
2:30 double bottom and this is the level that
2:32 I would trade against here so I got in
2:40 around 2250 620 I think it was 26 to 50
2:43 626 is about where I got in this was
2:45 going to be my stop out which was just
2:49 around the 256 level and you can kind of
2:52 see here it you'd kept looking fairly
2:56 promising made a higher low here and
2:59 then it this was a level it needed to
3:03 punch through this level right here 256
3:06 70 roughly and challenged it there
3:08 pulled back a little bit didn't make the
3:12 new low and then we went on to make some
3:15 some higher low higher highs and got
3:19 right back almost up to pre market or
3:23 the the market day high so yeah this was
3:25 a classic double bottom everybody who
3:28 knows me wide loves knows I love these
3:32 double bottoms and great great
3:34 opportunities to trade against these
3:36 kinds of levels here gives you a great
3:37 risk reward because I you know if I I
3:42 was in at 256 26 26 cents roughly was
3:44 going to be my downside called a 30
3:49 cents and I I knew that if if it could
3:51 break out you know I could I was good
3:53 for at least 20 you know it was good for
3:56 at least a buck anyway and so that's a
3:58 good risk were worried ratio for me to
4:04 take on a trade like that so anyway good
4:05 to see him wandering the room this
4:07 morning hope everyone had a good day and
4:10 we shall see you in the room tomorrow
4:13 Bryan a bear bull traders have a good
