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JJ vwaptrader1 live training from the Tradingsyndicate.org Trading Room | JJ vwaptrader | YouTubeToText
YouTube Transcript: JJ vwaptrader1 live training from the Tradingsyndicate.org Trading Room
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Video Summary
Summary
Core Theme
The speaker, a trader, emphasizes disciplined, common-sense trading strategies, warning against chasing speculative "thrills" in volatile, thinly traded markets, especially around month-end and holidays.
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Good morning everyone.
So, I just posted a couple of charts on
Twitter for the folks who are watching
on YouTube
and um
for my friends in the room, I've just
posted that chart.
Exactly, Jim.
Sorry if I sound a little bit like
Donald Duck this morning. I've got a cold.
Finally got it. The kids in the building
all have it. I live in a building with
about 300 apartments. So,
Oh, well, what are you going to do, right?
So, apologies if I sound horrible.
Um, okay. Perspective,
right? Perspective.
nervous as a cornered possum, but listen folks,
folks,
we have a range and we have a way of
doing business, okay? Risk risk assets
because these markets are thin, okay?
These markets are thin and these markets
are being run by speculators,
massive speculators. There's a massive
amount of speculative money. So you sell
one risk asset, they all start coming off
off
and you get margin calls which means
they sell whatever they can to keep
whatever position creates
you know a snowball effect of margin
calls and margin selling. Now Wednesday
is the last day of the month to mark
tomarket. It is coming up that is month
end. So only an idiot, if they were
underwater, would try and work out their
position on the last day of the month on
month end before a Thanksgiving holiday
when there's no liquidity.
You feel me?
Yeah, exactly. Anmarie and we keep
Exactly. And Anmarie, hello. Happy
Friday. Admirie brings up a very key
piece of information. This zero DTE
thing. We keep investing uh we keep
inventing products that bring volatility
because the business likes volatility
because they sell it to us,
right? It's like finding a new kind of
flavor of Dorito to shove down your
guy's mouth and you guys eat up everything.
everything.
So if you say, "Hey, this is a new
product. You could make a lot of money.
It's Lamborghini time. Look, look."
Right? This guy just bought a PC
Philippe watch. He paid for it in 30
seconds trading zero DTE. People are
just like, "Give it to me. Give it to
me." Right?
They go nuts for this stuff, right?
Because they're looking for that
dopamine adrenaline rush, right? This
morning even, we had a very learned
person say he was looking for a dopamine
rush. He was looking for a thrill. And
this wasn't some guy who just fell off a
turnup truck. This is like an
intelligent human being, right? Educated
to a very high level of education.
So if people
everyone is looking for that, they don't
realize it's a business.
They get carried away.
Now larger traders, hedge funds, family
offices, private trading concerns,
partnerships, LLC's, these these people
have huge
huge amounts of money. God, Josh, that
gum was horrible. Remember that gum they
called Thrills? Yeah, that was horrible.
They used to sell that in Canada and it
tasted just like soap. So,
you don't want that. It was really bad
gum. It was nasty.
We got a We got another rotation going. This
This
6788 to 6547.
It's a huge huge level. Now, you're
asking yourself, especially if you're on
YouTube, where the hell did you come up
with this level, JJ? And why is it
relevant? Well, do you remember CO? Most
of you would like to forget. I sure as
heck would. When we had CO, we had a
balance level from 2749 and 3/4 to 2810.
I took that and I kept doubling it and
doubling it and doubling it. And the
levels have been working for five years.
In March, it'll be six years. And
they've been working. Now, they're about
three to four ticks off. So yesterday
our low was what?
6550 and a half. I was off the low by
three points on a 245 point day. That's
not bad. But the main thing is we didn't
take out 6457.
Tonight we looked underneath it and came
back up. What is a look below and fail?
A look below and fail means that
somebody got all the cheap stuff at a
really good price.
Somebody stepped in here. Shorts,
wholesale logs, some of us got in here
Okay,
today we are going to look and see if
that low from yesterday holds. Will it
get tested? Most probably. Don't take
anything for granted. Okay? Do not take
anything for granted today. Eyes in the
back of your head and your head better
be on a swivel. Unless if you're not
focused, if you're not concentrated,
don't trade because you're just going to
throw money away and then you're going
to cry like a little baby. Okay?
Don't trade if you're not focused. Like
I'm not feeling well. I have traded the
micro this morning. Then I went to sleep
and I haven't traded anything.
Right? So today I will trade the micro
with you. After this session I'm going
back to sleep. Okay?
I am not putting my client's money at
risk if I am not 100% in a market that's volatile
volatile
unpredictable.
Okay? It's a business. Don't chase
thrills. Don't do, you know, as the guy,
as Red Foreman on the 70s show said,
just don't be a dumbass, okay? Don't
chase this market. Have a specific trade
that you look for. If that trade doesn't
happen, you're not doing business. The
other thing is next week, you should be
trading less. All professional traders
have shut down as of today into month
end. I know when I was doing deals, we
would get our wires today. We would get
our wires on Monday and that would be
it. We would take next week off. It is
one of the largest holidays in the
United States.
Wednesday is Thanksgiving. So, you got
Monday, Tuesday, Wednesday.
If you do trade, take 100% A+ setups.
Don't try and improvise.
You are not Pablo Picasso. Don't mess
around and just take the look below and
fail. If you're good at shortselling,
take the look above and fail. If you're
not good at shortselling, ne, you know,
exactly. Bring your agame. Don't be sloppy.
sloppy.
Don't be lazy, right? Sloppy lazy. That
is a just an excuse to lose money,
okay? I know it's not what you want to hear,
but someone's got to tell you guys the truth,
truth, okay?
okay?
When you do take a trade,
okay, when you do take a trade, put your
orders out. If you were long, put your
sell orders out. Why?
Why don't I just trail my stop? It could
go much higher. Well,
Well,
suckers trade.
Real traders, when they take down a
position, that means buying a position,
they put sell orders all the way up
because if the sell orders do not get
executed, then you know that someone's
front running your product. So you start selling.
selling.
If you're short, put your buy orders in
because it's a simple fact. If your buy
orders do not get filled in a timely
manner, it means the market's running
out of supply.
Okay? It's that simple. Do not wait for
an invitation. Your mom's not going to
come along, pet you on the head, and
say, "Oh, poor baby. It's time for you
to sell. Oh, I'll take the contracts off
you. That's not going to happen. Welcome
to the jungle. Okay.
Right. I should play that song before
Right.
Most of you who have been trading have
been trading very docile
calm markets,
right? Yesterday saw a little bit of
volatility. You guys have not seen
anything yet.
This is nothing, right?
right?
A volatile market is when you're trading,
trading,
you lean over, you throw up in your
garbage can, and then you keep trading.
That's a volatile market. Okay,
you guys haven't seen anything yet.
Prepare yourselves.
The day will come. This is nothing. This
is the teacups at Disneyland.
Okay, this is for little kids.
You guys don't even know what volatility is.
is.
That'd be great. And Marie, if you know
Axel, that'd be wonderful.
So overnight inventory is long.
It is natural to look for a move down
and correction.
We are opening inside yesterday's range.
We are opening above the spike base of M period.
period.
Right? We did a look below and fail and
we're opening above the spike base for
yesterday's M period. That is interesting.
interesting. If
If
that spike base down here and we'll
we'll zero in on it on the next chart.
If that holds,
the trade will be sideways up.
Normal inventory corrections should come
down and we should test yesterday's low
and even the overnight low.
Okay, watch out for that.
That's what we're looking for off the open.
Overwrite pointer of control. Where is
it? Here it is. 83
and change.
We have a normal high. Our upper stops
Right? This is a great time for you new
traders to learn.
Right? It's not going to be very clear,
unfortunately. So, you have to pay
attention. You have to rewind the videos
and watch them again. You should be
using your chart replay religiously.
You should be replaying your charts like
Mike Singleary in 1985 watching game
film, right? You got to do it.
And if you don't know who Mike Singleary
is, well then I'm very, very sorry for you.
What's up, Travis? You slept in. Don't trade.
trade.
Do not trade if you slept in. Okay, get
yourself a cup of coffee. Right,
Right,
chill out.
Ah, football. Moran. Football.
But the real football, the one with
broken bones.
right?
We had a normal correction yesterday.
Now, that sounds crazy because we had a
200 and something point range,
but that is the way of these markets
because speculators are in charge of
these markets and market makers didn't
just fall off the turnup truck. So, they
are dialing back their risk. So market
makers if you watch there is you know
the Tom Lee guy what's his name the guy
from Fundstrat he was talking about
margin calls and market making there's
something called net capital now you
guys don't know what net cap is okay
brokerage firms have something called
net capital that they need to maintain
market makers have net capital so they
they have a certain amount of capital
capital to allocate to every instrument
they make a market in. So when the
ranges are 200 points, they're not going
to buy 5,000 contracts at every tick. So
if somebody comes in to sell 5,000
contracts or a big order comes in,
that's why you get these big red candles
and big green candles if somebody comes
Good stuff. Take it easy, Travis. Be
You got to spread that capital out. So
pretend you got a piece of bread and the
capital is peanut butter, right? When
markets are like this, think of the
bread is now eight times bigger than it
normally is and you still got the same
spoon of peanut butter. These are thinly
traded markets.
Okay. Now,
when you go to look at the nature of a
sell-off, go look at Tesla. It's still
right in its distribution cost basis. Go
look at Microsoft,
right? It's still above 469. The gap is
still there. If the selling's really
bad, Microsoft will come down and fill
this gap under 420, right? Look at
Apple. It hasn't even moved.
Right? Look at these big huge deals.
Let's look at leather jacket guy.
Where's Nvidia? Right. Nvidia is in a
179 to 195 balance right now. Just like
the ES. Does this look familiar?
Right. It's going like this. Looks above
fails. Look below fail. Look above fail.
Look. Right. Where are we trading? We're
trading 181. If it breaks 179,
right? Watch out. The overnight low is
something that you ought to look at. I
blame all this on MSTR. Yeah.
Yeah. Well,
that deal
is like a murder mystery.
I mean, I was telling people it was
going to go to 174 weeks ago and they
were they they told me I was a crack
baby and uh there we are at 173. The
cost basis is here and they just sold
the stock right back to cost basis, right?
right?
I don't know what this guy's doing. I
don't know what his religion is. I don't
know what he's,
you know, I I don't understand the
convertible math. All I know is when you
write convertibles, somebody gets cheap
stock and blasts it into the market.
That's how convertibles have always
worked. He's writing convertibles and
doing whatever. But the the stock,
if you look at the chart, that is not
the chart of a healthy company, right? I
don't care what you tell me. That is not
a healthylook stock chart. Right? I've
been building charts for 34 years and
that ain't a healthy looking stock
chart. It's a horrible looking chart.
PLTR back to this distribution cost
basis in the 150s. Okay.
Uh what else? What else? Oh yeah. Um the
rainforest. How's the rainforest? Let's
check it out. Yeah, we went into 16
times cost basis and now we're back to
eight times cost basis on Amazon. It's
still above $200 a share. There's a
healthy correction.
And where's where's the Google guys?
Look at the Google guys.
Google shrug this thing off. Like when
you when you punch somebody and they
they shake their head and smile.
Nothing going on. Meta is a very very
tightly held stock. So it'll just come
back to cost basis and bounce, right?
Nothing really going on in equity land.
The crypto deals are getting thumped
because crypto is an insanely
speculative asset, right? I don't trade
crypto. If I buy it and I put a little
bit away, when it gets really, really,
really low, I've got my levels right
now. I'm looking for on Bitcoin, I'm
looking for a look below and fail of
maybe 75, 72.
I might have missed it. We'll see. We'll see.
see. Right.
Right.
We shall see. Just take it nice and slow.
slow.
There's no reason to get all hyperactive
Well, what do you think, Jam? You looked
at the chart. I'm not saying anything.
I'm I'm saying look at the chart.
I'm an idiot.
Right. I'm an idiot. Look at the chart.
You let the chart tell you, right?
right? Look at the daily chart of the
ES. Weekly chart cost basis is under 6663.
6663.
On the daily, we are still in 16 times
cost basis, right?
right?
You know, it was just a a nice healthy
correction. And there's that that
balance I was talking about, ladies and
Right? That's what you saw on on the TPO
chart. So, you know,
just be a little
Don't fall for every everything that
they throw out there, ladies and
gentlemen. Right? Don't be the sucker at
Spy
looking for 64935.
If you can hold 64935,
And yeah, people are going to do some
pretty crazy and interesting things to
make sure that their bonus is not
screwed up. So, don't get caught up in
their stampedes. Okay.
All righty. Let's see what can we do here.
There is the one minute on the 4hour
chart. We've done a look below and fail
of 6564. Okay.
accumulation under VWAP, distribution
above. It
gonna open up in about four minutes
might be a little choppy and a little uh volatile
volatile
after the open.
So, if you are a new trader and you're
not used to trading fast markets, don't
worry. Let it open. Just relax. Watch
and see where your setup comes in.
If your setup does not present itself,
do not execute.
execute.
Respect the money that you're trading
with. If you have no respect for the
money that you are trading with, it will
not respect you and it will run the hell
away from you to somebody who does
Okay. Respect
the money.
right? A lot of you folks work hard for
your money. Don't just go throwing it away.
away.
If you don't know what you're doing,
come spend some time with us at trading syndicate.org.
syndicate.org.
with a whole bunch of stuff. Come and
learn how to trade with just some
practical common sense.
You know,
we'll teach you how to do it.
It's going to take some time, right?
We have a great AI now that helps us
We have AI that's been trained. So,
you're not learning how to trade from
right? You're learning from trusted sources.
The base of the spike, my friend, is here.
If you look right here,
let me draw it out.
That's when
M period took the low.
So 72
6572 is the base of the spike lower.
Usually we get spikes up. This was a
price spike at the end of the day. Price
spikes are caused
by having too much inventory one way or
another and not enough order flow to
hold it up. So the market goes to find
So the spike base is 6572.
M period is the last period of the day
before the New York Stock Exchange
closes. Harris, great question.
So if
that last hour half hour takes out the
low or the high of the day, the theory
is the next day
if business was to remain open, would we
have accepted and stayed there or would
we come up? And right now we're above
it. So we're going to open somewhere here
here
above 79. Let's see. I'm seeing some
If you're long
We're going to have some sellers right there.
there.
Tag. So, overnight inventory is long,
but it is not correcting lower. Ding,
ding, ding, ding, ding.
Wake up. Wake up.
Wake up.
Look at that. That's a short covering order.
order.
You guys see that?
Overnight inventory long, not correcting
lower. Look below and fail of 79. I
didn't take it. I wasn't fast enough. I
Right. Don't worry. It's going to backfill
cost basis. Cost basis times two profit.
And then you get up into four times cost
basis. So we're going to come back and
test the open,
right? Beautiful short covering spike
into the open.
Let's see if we can hold 79.
Remember, I am short biased, but not until
until
short 78 half covered 76 3/4 could have
done that a little better I think
There's some bids down there under 84.
So, let's go long 87 and try and sell
88. No, that didn't work.
No, scratch.
Right. You notice that? It's okay. It's
There was just one micro.
Okay, there's an 88 seller. Okay, that's
why you got to be patient. You got to be
patient to make sure that those sellers
are out or gone. Otherwise, the candles
are so big, you can easily get caught on
the wrong side. You will notice on that
trade when I went long at the wrong
spot. As soon as I did, I got out of the
trade. Why? Well, because it really does
not help to be wrong and stubborn. Okay?
Being in wrong and stubborn is a really
inventory is long, it is correcting
lower. That's the normal course of
business. If overnight inventory is long
and does not correct, then it's trying
to tell you that something's going on. Now,
Now,
we're getting front running of VWAP by
the short sellers.
Their size is shown here.
We've got a bit of a rotation between 76
and 89. Okay,
I'm looking for sellers. Where are my
the dealers, everybody is long
underneath 97 from yesterday. Okay? So
You're going to have to use bigger stops.
stops.
If you cannot see what is happening when
a market opens and it's not clear, don't trade.
trade.
Sit and watch. Right? Do what a smart
person does. They observe
and then they execute. They just don't
go in and start executing with their
selling 82.
Sorry, long 80, selling 82.
Right. So, I'm just popping in and out
right? It's okay to be wrong
because look at the size of the candles, Harris.
Harris.
Did you ever watch Sesame Street when
you were a little kid? One of these
things is not like the other. One of
What What about the opening sequence
looks different? What about this
this
looks different than that?
There you go.
Right. Real simple. Candles are bigger.
You're going to have to use more stops.
Okay. If you have a small account, if
you're just learning, do not blow up
your account in the first half hour of
We're going to be wrong a lot in this business.
business.
If you can control your ego in this
business, you'll make a lot of money. Right.
Right.
You see these things where the fund
managers are talking and they got a big
ego. Yeah. But they're trading with $4
billion. So if they're offside 20 grand
on a trade, it's not a big deal. They
spend more on lunch,
right? You cannot be 20 grand offside on
Harris? I have no idea what the hell
you're talking about. You have one
contract, the rest is in value investing.
investing.
You're trading one contract. What did I
tell you this morning, Malaka? You're
not supposed to be trading.
But
there you go. People just won't listen.
Oh, dear Lord. Okay.
Okay.
Hey, some people will listen to you,
some people just won't. Right? What do
they say in Italian? Tetur hardhead.
hardhead.
Right? People are hard-headed.
That's okay. We'll take their money.
Right? The more stubborn you are, the
easier you are to take down. Trust me.
Stubborn people are so easy to take
their money. It's like taking candy from
Long 81, selling 83 on three. Couldn't
Following direction is another thing. If
traders can't follow direction, if I
tell someone to do something and they
don't do it and then they come up with
all these arguments and ways to justify
why they don't do what they're being told,
told,
hey, good luck, man.
Stubbornness is a byproduct of not
knowing what the hell you're doing.
There's the spike brace.
Let's see if we can get underneath VWAP. Now,
hey, listen, Harris. All I could do is
tell you what to do. If you can't follow directions,
directions,
Your justifications don't mean anything
because they don't make sense.
78 to 82. Nice, nice, nice.
People don't follow my advice because
It happens all the time
and they justify it because they think
Really tough.
It's very very hard to teach some people.
Go to the end of the street, turn left.
Yeah, but I don't know. Blah blah blah
blah blah blah blah.
Two days later, I I blew up my account.
Your ego is going to cost you all of the
money that you made and then you're
going to throw more money at it
because you think that that's going to
help and that's going to get eaten up so quickly.
Right? Remember hands and friends?
You're going to get destroyed,
especially with what's coming.
Yeah, it's it people can't follow
directions. That's the problem.
right? Everybody always knows better.
Is there a tutorial for what? For
Where's your mother? I'll call her and
get her to slap you across the head
My New Year's resolution, and I'm saying
it right now, is I'm not going to lie to
you people. I'm going to tell you the
truth. And when you're acting like a
dumbass, I'm going to tell you you're
acting like a dumbass.
Hi little Naruto. Welcome.
these videos that we do, it's to help
people get through
the trading day. If you don't want to
know what you're doing, we also use
these, right?
You can't tell me anything right now.
You've only been following it for a day,
Harris. I told you to follow the red
line this morning.
Right. Just follow it for a couple of
months and then come back to me. Okay, brother.
Nice work on the BTC. Beautifully done. Beautifully
Beautifully done.
done. Good.
Good.
Beautiful trade. Enjoy your enjoy your
I could tell. I could tell, Harris. I
Looking for 50 6569.
Now, Harris, you're taking up all my
time trying to discipline you and you're
wasting everybody else's.
So, either listen or don't.
All right, we got people here who
actually interested in learning.
Off of VWAP, we're looking for 79. If we
cannot take out VWAP, you are looking
We take out that spike base. Here we go.
Short 57 on six.
I mean 60, sorry, sort 67 on six. And I
covered those at 64. Okay.
I don't mind you asking questions,
Harris, but I don't want you arguing
with me because I don't see the point of
it. And there are other people in the
room who are trying to learn and I'm
wasting my time trying to convince you
to listen to me, which is a massive
No seller at VWAP. Seller at VWAP. What
Uh there's a little one, but not
aggressive. Not aggressive. There. There
Wait for the next candle and see if we
Jeez,
no seller at VWAP. Very, very easy to
blow an account today with these
candles. And the market is thin. It's
only about 30 contracts at every at
every tick.
There's no seller. A man, it's crazy.
It's really crazy. So, we came down and
we tested that spike base. And once we
I'm long 80, selling 83.
It'll come back and test VWAP. These big
candles, don't screw around.
large traders are working out their positions.
positions.
When they do so,
we can get into trouble very, very quickly.
Those in my coaching classes, I gave you
guys videos to watch. I hope you watched
them and I hope you made sense of them.
And if you didn't, you should be asking
me questions.
I told you what's going on exactly now.
You should know the business. You got to
Okay.
Exactly. Big candles, man. Big candles.
And now it's starting to get a little
jumpy. I would advise newer traders to
sit this out. Okay.
Okay.
What you should be doing is watching
this, rewinding it, and playing it at
If you are not a fast trader, you're
And I'm going to shut it down for now
Okay. Well, I had to take that long 78
out 80 half 81 81 and a quarter.
Now, what I'm doing when I buy this
thing is I put my sell orders in as soon
as I get a fill.
traders in my coaching class, you know
what I'm doing, right? Put in your bid,
put in your stop. You got to use a
What do you think of OBV?
I have no idea about MACD. If you guys
look, are you are you guys looking at my screens?
screens?
Do you see what I'm using on my screens?
I'm I'm I just got a simple candle chart
on balance volume indicator. I have no
Never heard of it.
Sounds like a lot of smart guy gibberish.
Long 77 selling 86.
The only indicator I have on my thing is
VWAP because it is an institutional
benchmark, my friends. Okay,
Okay,
look at my look at my screen. I mark out
where the sellers are and I got VWAP and
my balance zones, right?
right?
So, I don't use any indicators. I don't
use MACD. I got nothing against them,
but I'm an ex-institutional trader and
we trade order flow. We trade common
sense and business.
So, we don't need technical indicators.
You can get everything you need from
these candles. You just don't know what
to look at yet because you guys have all been
been
All right? You guys have all been
programmed to fail because they give you
all these indicators and all these
things. They don't teach you how to use
them and you don't have a trade setup
that or a business plan that
incorporates that.
So, you know,
right as we are going up. You should be
selling contracts if you are a long
trader, right?
Get your orders out. Otherwise, you are
candles are the real time. If we take
the A high, it's going to trigger stops.
Everybody is now short under 65.84. Why
do you think we're having this big green
candle? Call the idiots who are short
under 85 are going to start to cover now
and they're pushing price higher. You
don't need an indicator to tell you how
the business works. Come to our room at
the trading syndicate and learn how the
business works. It'll be the smartest
thing you ever did in trading and you
won't waste your time. We'll teach you
when to trade. We'll teach you when not
to trade. All you have to do is pay attention,
right?
What videos?
And I'm also marking them on the
candles. Right. You could see there's a
seller there. They sold there again.
They'll sell there. You know, they sold
Don't worry if you don't know what
you're doing. We'll teach you. Okay?
Nobody comes into this business and just
is naturally talented at it. It is the
hardest business in the world to learn
because you have been schooled in school
and university to give money away. You
have not been schooled on how to make
money. That is why rate traders don't
I'm a little preachy today because
Right? And I wouldn't be telling you
guys this. I could be like all those
other trading educators that say, "Oh,
yeah. I made money. You didn't. Look at
me. Look at you."
Right? That's not how you tr teach
people. You got to you got to teach
people sometimes. You got to tell them
you got to tell people the truth. You
can't lie to people and tell them
they're going to be successful if they
can't freaking pay attention.
It's not going to work, right?
Big rotations. Big rotations, folks,
What are we rotating? We're rotating inventory.
We still haven't tested yesterday's low.
Is that going is that going through
anybody's head? Anyone?
Anyone?
There you go. Moran. Now Moran's been
with me since the beginning. She thinks
like a proper villain, right?
right?
We went underneath that spike base, but
we dipped our toe in the water and it
was not pleasurable. So, it came right
back up. Well, all it means is nobody
needs to sell under 62.
But I don't know.
It would be very, very odd not to test
right now. I know we're only in the
yeah, we haven't even tested the RTH close.
close. All right.
Let the chart tell you what's going on.
It's trying to talk to us.
Slowing down a little bit now. Let's see
what happens. The next half hour bar is
going to open here. Let's see. Can it
Hey, AS. What's going on? We've had
rotations. They're a little buck wild,
Well, after a 240 point down day, it's
very unusual not to go test the low of
the previous day.
If we can't get down there, it means
somebody's really caught short,
which happens a lot. But you also got to
remember we're only half an hour into
the day. So I'm just trying to make you
guys aware. Do you guys know what
situational awareness is?
I'm trying to make you aware of the
business environment so
you don't just think it's going to go
straight up and you buy and you buy and
you buy and it keeps going lower. Okay?
So things like testing a previous day
low after a 240 point dump it kind of
It's not that I'm not a fan of it, Joe.
It's just that I haven't done it a
thousand times and I don't know it
inside out. So I don't trade what I
don't know.
It's not a reference that I that I take.
I I can see that you're kind of
into it. If you're going back and forth
AC around the open, it means that the
order flow is a little wishywashy. Right.
Right.
I like sticking to
these zones. Why? Because they tell you where the stuff is priced. Once you have
where the stuff is priced. Once you have a cost basis,
a cost basis, right,
you know where to buy, you know where to sell.
sell. Okay. OJ Simpson, I didn't say every
Okay. OJ Simpson, I didn't say every algo. I didn't say no indicator works. I
algo. I didn't say no indicator works. I say I said I don't use indicators. So,
say I said I don't use indicators. So, if you're going to argue with me, please
if you're going to argue with me, please don't misquote me, okay?
don't misquote me, okay? I said I don't use indicators. And I
I said I don't use indicators. And I said specifically that retail traders
said specifically that retail traders have no idea how they work. So they
have no idea how they work. So they cannot incorporate them into a business
cannot incorporate them into a business setup and therefore they lose money
setup and therefore they lose money because they jump from indicator to
because they jump from indicator to indicator without having any clue of the
indicator without having any clue of the underlying business.
underlying business. So if you're going to come in here and
So if you're going to come in here and argue with me and try and be smart, at
argue with me and try and be smart, at least don't misquote me. I'm getting a
least don't misquote me. I'm getting a little tired of that.
Yeah, YouTube chat's a little spicy this morning. Everyone's getting too big for
morning. Everyone's getting too big for their freaking britches,
their freaking britches, right?
It's okay, right?
I'm going to be a little spicy today, guys. I've got the flu. So, if you're
guys. I've got the flu. So, if you're going to take pokes at me, I'm going to
going to take pokes at me, I'm going to poke back. And uh you have no idea the
poke back. And uh you have no idea the kind of poke you're going to get.
I know you get my blood pressure up and you're definitely not worth it. Simpson
you're definitely not worth it. Simpson looking for the spike base at 72.
What are my insights about markets crashing? When you see 400 million
crashing? When you see 400 million shares of Apple go across the tape and
shares of Apple go across the tape and the price go and start crashing 20 30%
the price go and start crashing 20 30% then you can worry. Right now there's no
then you can worry. Right now there's no there's no market crash.
there's no market crash. Okay.
Markets correct. Markets have large ranges.
ranges. You'll know when there's a market crash.
It's a market. 79 back again. We're going to rotate up
79 back again. We're going to rotate up to 84.
Hey, listen, man. Hey, Patel. I'm here to try and help you guys. If you don't
to try and help you guys. If you don't want my help, you know where the door
want my help, you know where the door is,
right? This is not a This is not a place to for
This is not a This is not a place to for people to come and pontificate.
people to come and pontificate. I'm trying to help people make a living.
I'm trying to help people make a living. Patel, like if you were not pissing
Patel, like if you were not pissing around, you'd be long on a look below
around, you'd be long on a look below and fail of 79. Right.
Right. I try to help regular normal people make a living.
people make a living. Right.
Right. If this keeps up, I'll just cancel the
If this keeps up, I'll just cancel the YouTube chat and you guys can just
YouTube chat and you guys can just listen.
Right. I understand it's Friday and I understand people are a little pissed
understand people are a little pissed off,
but don't come don't come into my videos and try and correct me,
and try and correct me, okay? It's not appreciated.
Okay? Have a little manners. Have a little
Have a little manners. Have a little respect.
respect. Don't be a [ __ ]
Don't be a [ __ ] All right. Coming back under 79. Looking
All right. Coming back under 79. Looking for bids at VWAP at 74. When I have to
for bids at VWAP at 74. When I have to deal with you idiots, then I miss
deal with you idiots, then I miss calling out trades for the people who
calling out trades for the people who are actually trying to make a living
are actually trying to make a living instead of like sitting around with
instead of like sitting around with their thumb up their ass.
their thumb up their ass. Okay. We have people in this room who
Okay. We have people in this room who make money.
There's VWAP. We're just in a really big rotation for
We're just in a really big rotation for the last
the last oh since the open. Really
oh since the open. Really big rotation.
good distribution, right, Moran? The inventory from yesterday
The inventory from yesterday and the cheap inventory from now last
and the cheap inventory from now last night,
night, it's getting distributed in this huge
it's getting distributed in this huge range. It's beautiful.
Hey man, you're here listening to me, Patel.
Patel. I'm not listening to you.
I'm not listening to you. Jesus, where do these [ __ ] people
Jesus, where do these [ __ ] people come from? Dear Lord.
I thought I'd open up the YouTube because people were like, you know, we
because people were like, you know, we kind of miss YouTube and it's like
kind of miss YouTube and it's like getting trolls again.
I'll shut it down next week. Back to the people in the room. I'll do I'll do the
people in the room. I'll do I'll do the morning ones. I think the uh RTH
morning ones. I think the uh RTH YouTubes just bring too many idiots.
It is a negative atmosphere, isn't it? You're trying to help people,
You're trying to help people, right? And it takes away from your
right? And it takes away from your concentration.
concentration. Let's see if we can take out this 64
Let's see if we can take out this 64 level, folks.
Yeah, I've just touchy. I got I've got I've got the flu, so I'm right like not
I've got the flu, so I'm right like not in the mood for it, that's all.
in the mood for it, that's all. Hey, I used to be a bouncer. I'm used to
Hey, I used to be a bouncer. I'm used to dealing with a lot of idiots.
Everybody's a tough guy when they're talking on chat. It's different when
talking on chat. It's different when they're face to face.
Caught that bid at 64 again. So once again, we're finding those bids under
again, we're finding those bids under 64. If we lose that 64 level, then I'm
64. If we lose that 64 level, then I'm definitely looking for the close. But
definitely looking for the close. But every time we come down here, it's like
every time we come down here, it's like boing back right back up here. Let's
boing back right back up here. Let's test it again. All right, I'm
test it again. All right, I'm ridiculously short biased because
ridiculously short biased because I think we should test the low. Even if
I think we should test the low. Even if we just go and give it a love tap and
we just go and give it a love tap and come back up.
Yeah. Usually after I sign off at 10:30, then you get a big get a big move,
then you get a big get a big move, right?
right? Okay.
That's what I'm looking at. I'm looking to see. You see how the sellers are now
to see. You see how the sellers are now selling underneath VWAP? The last two
selling underneath VWAP? The last two candles, the tops of the last two
candles, the tops of the last two candles have not been able to get back
candles have not been able to get back over VWAP. That means the sellers are
over VWAP. That means the sellers are putting it on sale. This is what I'm
putting it on sale. This is what I'm looking for here.
Now, all it takes is for one large buy order to come in and we'll rip to 79.
order to come in and we'll rip to 79. But I can see the sellers are here. You
But I can see the sellers are here. You see,
here. Here the next candle is going to open. If that candle can't get above
open. If that candle can't get above 6569,
6569, then we'll start breaking lower.
If we lose that seller at 72, don't be short, okay?
It's okay, Travis. when you open up these YouTube streams, you get, you
these YouTube streams, you get, you know, what I'm trying to do is I'm
know, what I'm trying to do is I'm trying to help some people. And,
trying to help some people. And, you know, of course, we'd like people to
you know, of course, we'd like people to come into the room,
You taking scalps off that 64? Just be quick. I am listening. Just be quick.
Told you not to be short if it broke the top of this, right? Because that that's
top of this, right? Because that that's where you get wicked out.
Yeah, exactly, Josh. You're right. I'll probably do that.
right? And that's because we're an electronically traded market, right? So,
electronically traded market, right? So, it's very precise.
Yeah, right now I am listening. I'm just going to chill.
See, there we go. We lost that 64 bid. Let's see where we find the next bid.
See, now we've trapped a bunch of longs above 69, right?
above 69, right? We've been retailing, as Moran said,
We've been retailing, as Moran said, good distribution. We've been retailing
good distribution. We've been retailing it out.
it out. All right,
we're looking for 52 to the downside, which is yesterday's 5:00 p.m. close.
which is yesterday's 5:00 p.m. close. Let's go tag it.
Is anybody watching this? I have some friends who are along this
I have some friends who are along this BMR thing.
BMR thing. I don't quite understand it, but man, I
I don't quite understand it, but man, I don't like the chart. Jeez. 25 bucks.
Makes my stomach turn for the people who bought that.
I don't know. These crypto deals, it's not I'm not knocking crypto. I own
not I'm not knocking crypto. I own Bitcoin, but these crypto deals, man,
Bitcoin, but these crypto deals, man, I don't know.
I don't know. The charts do not look healthy.
Good thing that Good thing there's a lot of money out there. Bob Michael Nancy
of money out there. Bob Michael Nancy Ray truth.
Ray truth. It's that guy Tom Lee.
Tom Lee the fund manager. H found the bit again. Okay, listen.
H found the bit again. Okay, listen. We're We're going to have to build up
We're We're going to have to build up some more inventory above
some more inventory above above 69 before we can tag that close.
above 69 before we can tag that close. That was very telling. 52.
That was very telling. 52. So,
So, just trade the rotations
just trade the rotations after I'm done here in 10 minutes. And
after I'm done here in 10 minutes. And if it breaks, just don't be on the bad
if it breaks, just don't be on the bad side of a break. Okay? That's That's
side of a break. Okay? That's That's really
really I'm looking at 6564 and a quarter on my
I'm looking at 6564 and a quarter on my 4hour candle chart and we've been going
4hour candle chart and we've been going back and forth and back and forth and
back and forth and back and forth and scrubbing the hell out of it here. Let
scrubbing the hell out of it here. Let me just pull it over.
me just pull it over. Right. So for a 4hour time frame, this
Right. So for a 4hour time frame, this 4hour candle we've been going
4hour candle we've been going see there's a big cost basis here folks.
see there's a big cost basis here folks. See, remember that big liquidation that
See, remember that big liquidation that we came to in on the 10th of October? It
we came to in on the 10th of October? It came down here, right, to 6540
came down here, right, to 6540 and we looked underneath it and failed.
and we looked underneath it and failed. We couldn't get to 6515
We couldn't get to 6515 and we keep going back and forth over
and we keep going back and forth over the top of this balance zone. That's
the top of this balance zone. That's where this balance zone is created on
where this balance zone is created on the four on the 4 hour. So, what that
the four on the 4 hour. So, what that means is we came back to cost basis.
means is we came back to cost basis. It's gonna chop around here. But
It's gonna chop around here. But remember what we said, if this market
remember what we said, if this market cannot get lower, it will rotate higher
cannot get lower, it will rotate higher because that's what they have to they
because that's what they have to they have to do that with their inventory,
have to do that with their inventory, right?
right? You got inventory, you got to take it
You got inventory, you got to take it higher and sell it.
higher and sell it. So, even though I am short biased, I
So, even though I am short biased, I mean, not like crazy short biased, but
mean, not like crazy short biased, but short biased enough to test the close
short biased enough to test the close and the previous day low.
and the previous day low. Let's see. Maybe we can get down there
Let's see. Maybe we can get down there this time.
this time. Here we go. Here we go. No.
Here we go. Here we go. No. Psych.
6565. I have that level
I have that level on another chart somewhere. Horner kid.
Look how they're front running the close.
close. Woo!
Woo! Big green candle. Where do they sell
Big green candle. Where do they sell into it?
into it? 66.
no, it's not irritating. Carnivore kid. Not a problem at all.
Not a problem at all. Damn, too much short covering.
Damn, too much short covering. We can't print the clothes. We've tried
We can't print the clothes. We've tried a couple of times now. So, if we flip
a couple of times now. So, if we flip above 74, we'll go 7984.
above 74, we'll go 7984. Okay.
For the newer traders, I would wait maybe another hour or so
maybe another hour or so and the price action should hopefully
and the price action should hopefully calm down.
calm down. So, if you're long and it flips over 74,
So, if you're long and it flips over 74, you're looking for 79. They are sellers
you're looking for 79. They are sellers up here
Really take your time with your trades, you know. Really take your time with
you know. Really take your time with your trades.
Exactly. A lot of good. Nothing to see here, right? 20.1 minute candles.
here, right? 20.1 minute candles. Nothing to see. Just regular normal
Nothing to see. Just regular normal business, right, brother?
business, right, brother? Oh, man.
It's going to get buck wild going into year end. Can we take out that 76
year end. Can we take out that 76 seller? Oh, let's go to 79. Come on. Big
seller? Oh, let's go to 79. Come on. Big stretch. No, not just yet.
The more short sellers, Harris, the more buying. Simple as that. Looking for that
buying. Simple as that. Looking for that B high at 88 and change right around
B high at 88 and change right around here.
There you go. How many people did we got short under
How many people did we got short under 69? I wanted to short it, but I just saw
69? I wanted to short it, but I just saw it was just like trying to close a
it was just like trying to close a suitcase that was over stuffed. You
suitcase that was over stuffed. You couldn't get it lower. Brutal.
Oh my goodness. Well, I'm ready for this weekend.
Well, I'm ready for this weekend. I don't know about you folks.
sleep. You got it, Alexander.
We have a lot of trapped longs above 6626.
Most of them would have gotten flushed out yesterday, but there is still
out yesterday, but there is still inventory to clean up.
inventory to clean up. Watch the market.
Watch the market. Remember
that this market could lose the bid in the afternoon. So, be on tap.
the afternoon. So, be on tap. Think about that, right?
Think about that, right? If we can't get over 6600,
If we can't get over 6600, 6597 6600.
6597 6600. If we can't
If we can't get above that,
get above that, then
then be careful holding longs into the
be careful holding longs into the weekend. This thing could be very, very
weekend. This thing could be very, very volatile
volatile going into the close of business today.
going into the close of business today. That's for sure. Okay.
That's for sure. Okay. Don't take anything for granted.
Don't take anything for granted. Please, folks, Friday is the day that
Please, folks, Friday is the day that you
you keep the money that you made this week.
keep the money that you made this week. If you didn't make any money this week,
If you didn't make any money this week, that's okay. Don't try and make it all
that's okay. Don't try and make it all back on Friday. Okay? Be smart.
Trade smart. Watch your risk.
If you don't know what you're doing, please come visit us at the trading
please come visit us at the trading syndicate.
syndicate. We'll teach you how to understand this
We'll teach you how to understand this crazy business.
We also have our trading AI which is very very helpful
because it's been trained from
a lot of the best trading minds out there. Not just myself,
there. Not just myself, people who are much smarter than me.
people who are much smarter than me. So the information you're going to get
So the information you're going to get is accurate.
is accurate. Okay,
have a wonderful weekend everybody. Take care of yourselves.
Take care of yourselves. We will see you on Monday.
Our website is trading syndicate.org. I am JJ. am VWAP trader one on X
am JJ. am VWAP trader one on X and I will always help you if you're
and I will always help you if you're polite.
polite. So all you got to do is be polite. I
So all you got to do is be polite. I will I will reach out and help if you
will I will reach out and help if you need anything.
need anything. And uh one thing I'm going to say before
And uh one thing I'm going to say before I cut off this um
I cut off this um YouTube is if any of you are really
YouTube is if any of you are really struggling and you're having issues and
struggling and you're having issues and you're starting to get
you're starting to get depressed or angry or those kinds of
depressed or angry or those kinds of things and you need help, reach out,
things and you need help, reach out, okay?
okay? uh before you do anything that you're
uh before you do anything that you're gonna, you know,
gonna, you know, just um
just um you know, if you're having a hard time,
you know, if you're having a hard time, if you're struggling, reach out. Okay?
if you're struggling, reach out. Okay? Love you guys. Have a great weekend and
Love you guys. Have a great weekend and always remember, do not take candy from
always remember, do not take candy from strange market makers. Okay? Thanks
strange market makers. Okay? Thanks everyone.
everyone. Stay out of trouble. Have a wonderful
Stay out of trouble. Have a wonderful and safe weekend. Bye for now.
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