 Good morning everybody, Jay over here for another episode on book map. So first of all, thanks for coming This week we're gonna talk about What stocks are in play and we're gonna focus this morning on spy Tesla You will see few of the trades we took in the room Today is Wednesday the fourth So we're coming from a bearish month by history Tesla, but also the majority of the big caps spy and Q. They tend to be red on the day Well, October is different by stats. So I asked a friend Franco is very good in this To help me track The results at least in the last 10 years and then we went beyond that we still we started looking at the last 25 years and seeing what the market has been delivering since Those years and I will share with you a few of the results that we had By the way, good morning everybody so I post a lot of this content on Twitter and You will see traders that Essentially This is me zoom in. This is Tesla Can you stand can you see very good? Okay money Hudson? Morning book map forest So this is Tesla on the first chart over here in the last 24 years this one We can see the long-term short. So we can see which months we have. I would say the dominant Of the long-term short and month 10 over here. I would say it's a bullish month and more than 50% We have also November being a bullish month and then also December, but look at the strength over here So this is a strength on Tesla. Okay, so we're coming from September very big bearish month October we expect by history. Okay, so by the last 24 years how it performs generally Tesla October We had bulls in controls Now this is just like a first type of analysis You have to of course look at other factors, but it's just to Go over here the performer that we see on Tesla We did also this on Apple in Q spy is very interesting in which direction the market is going to go. Okay. Is it clear guys? Questions, so let's go over here. What treat us through this morning? I'm seeing some traders that took yes and in queue Tesla spy Few traders had some small caps Some children had vinyl Okay, so we're gonna go into this First of all, let's check the overall market And we have over here. Yes this morning So I'm gonna bring it up Okay, so these are the levels of yes this morning. We had a supply here at 4280s. You can see this band over here purple and Then below we have this demand zone for the 230 So I go back in the previous days and I start looking simply where we have a bounce or Rejection, okay, so over here. I'm expecting to have a supply And over here. I'm expecting to have a demand. So we're a supply. I'm looking for a rejection We have the man I'm expecting for a bounce The plan of today on the wasps list so we had over here two major plans One was to look at the break of this year and looking for a short which now is working so the the level of entry came exactly into this 4280 4279 and Our first major target is this the mid of this range because we can see over here. We can consider this Level being the mid. Okay, so this is where we want to take the at least half of the target After the profit in the next level is gonna be down here. So 42 34 Okay, anybody took this to do this morning Also traders. Thanks for joining. Remember put a like help us out Smash that like button. Thank you very much. We are in another position on Tesla So I'm gonna review Tesla. We had Two great traders morning and one small stop Tesla playing very good morning fever forest Dario Morning traders Okay, so for the traders who are in small cap room traders. You can share your chart your executions in Member trading room so we can review them together. We'll use this like more like a class and I want to go over right now what happened on Tesla this morning. So we're gonna cancel some of our levels Okay, so here we see a chart one minute on Tesla. We're gonna bring this to a five minutes and We're gonna place our supply area Over here, so we have 254 and Then we're gonna put our demand area Just over here into that 239 240 here. Okay. So this is the demand on here to 38. This is the supply over here 254 This morning the price section This is what happened this morning 930. We simply dipped This is the open 930 and then we came all the way up. I share a few charts of the traders in the room I'm gonna reupload one There we go So I'm gonna explain what The team member plays this morning did over here on Tesla and why we get in So using order flow, of course, you will see that This morning we had a lot of volume at this dip and I want to make you read what I wrote just a few minutes before the open this over here Tesla dip 247 and push strong will load the boat at the gate and Then over here calling Tesla This over here. We said one minute before the open at 929. So 929 we were in screen sharing So we were explaining the process that we would have looked for V. No Tesla and so on. We had the trade Triggering on Tesla. This is one of the Members that I had over here the Academy trading So we got short into the 247 highs and then we had all the way up over here to 253 If we look at book map I Saw some traders that they didn't recognize this and This we've got to dissect this level But essentially this is my one of my favorite longs Then I saw traders shorter over here shorter over here shorter over here Trigger we spoke about this so many times not only because we see a heat map you're gonna look for a short Okay It's not because you see a heat map. You're shorting. No now. Let's look at the gate This bar That you see here. So this okay? Why we did over here. We start looking for this. This is 930 opens It dips and it starts pushing So we create a cup And then after the cup we make a higher low. This is our confirmation We longed over here Okay, so we longed over here in the dip You can see exactly in this first move in this first cup And then we start selling in part of think the members cells over here 15 percent 15 15 15 and then more up here But you can see very tight risk So risking maximum like one buck per share and we took it at least over here three three point five Box per share. So we're talking about three point five far and more but analyze Book them up So first of all it opens and it dips over here. So we have a dip to forty seven sixty We have the zealons, you know that and then I start looking at the curl At this point over here is a trade as if we curl this is going to be a good long So trade over here hit Got long and nowhere to put a stop Just the relative low over here not even a two forty seven, but just below this Relative low and then we start having a consolidation. Okay, so we have a cup We have a cup consolidation Pull back New big buyer comes in over here to support the move and then we start to see a lot of buyers in this push This goes to two forty nine from two forty nine over here in three four minutes to two fifty one Actually, yeah, not even three minutes So showing over here big strength And then we start seeing some Heat maps over here You see a little bit more sellers two fifty one and fifty two fifty two fifty three And then we have a pullback and then again, they try again this two fifty three pullback So every single time look when it touches this two fifty three area and unwinds sellers, right? Sellers over here again Sellers over here again Sellers over here again So it gets always to this two fifty three then we have sellers. So that's the key level this morning Where we're thinking okay? We have all those sellers over here So we know that if we're long we're looking to sell into that Okay, so it's very important over here to analyze the levels Then I want to share something for the traders that are part of our community So team over here got along on Tesla We sold the top In that moment we started saying over here youth sellers Now it did to the two fifty one So again every single time the the price is simply holding the J lines, you know, like simply perfect And then we start analyzing this with order of flow Volume coming in twice of the J line. So that's the confirmation that I want to see Big buying over here More over here we get in at this level for another one point one point and a half move After two fifty three reason to sell and now traders we have or supply two fifty four Or we're gonna get this two fifty three Massive bulltrap and then unwind. So we're gonna look for this right now. Okay, so two major levels two fifty four or 250 t two fifty three breakout and then unwind remember There's always this major five between supply and demand over here, and I'm not buying breakouts I mean, I'm tired to see those Retailers getting stuck buying breakouts losing a ton of money You're over here to make money be smarter. Okay, so think how the market makers think how that the big institutional work against you You're not simply buy a breakout. You're gonna get killed 253 and 20 you can see here the volume traders on Tesla That's looking good Get into that supply area Use volume you can see over here the pressure of this volume I'm also analyzing over here and Q So we're gonna put and Q up together This is the co-traders for and Q if you need it on book map Okay, this is the code for book map So you can see the strength over here on Tesla the strength look over here strength also on a queue in the queues as well what a move and Few minutes before going with a streaming We wrote over here you can go check it for 15 which is 10 15 Adding long Tesla 251 and 30 risk in 251. Hope you got some Tesla traders So some big demand over here 14 8 10 on and Q 255 on Tesla these are the timestamps of this morning the room We got also a scratch scalp short Nothing more than a scratch Not bad job, right? Not bad job. Okay, let's go back over here on Tesla book map 255 we have some rejection. So when I see this I start looking back I'm gonna take it off for now. I start looking back where we have the major supply And it's that 255 area still strength over here on Tesla So unless a major bull trap 255 a virtual bar. This is strong. We have to Simply hold this for the long side Then we would have the second resistance supply 260 morning treating So what's you know here now? Again, we can hold 255 book. Good. That's gonna go 255 256 and then 260 So waiting for that Follow it along with you That Rejection candle you see over here is a pattern called Let's see if somebody knows it. I was called the pattern that is form over here three bars I was called traders. It's doji, but that's an evening star Exactly, correct, buddy. So right now. We are simply holding the first rate We had over here at 247 and then at 251 and 30 The volume over here is pretty strong We are outside the previous trading range Like over here, you see this volume, right? The majority is gray. So that's a big strong volume So right now traders we would expect a supply at 255 if we fill that 253 target Nice work over here on all these dips This is where we long at the gate This is where we added We're here with a bull flag pushing supply here over here. So if we break this to 254 I'm expecting the price to hit over here Now we have a bull trap formation. So holding 254. So I'm not still convinced that we're gonna fail Possibly a pullback would be good, but We're now just simply looking to hold long We can trail over here a little bit more 254 for the rest waiting here. Okay for the rest waiting Although the end is still placed for the long side. So that's good. The second queues in a minute So the side was action in the queues again bull trap this morning Same as an queue and I mean one move like this is enough for Really the entire week Simply perfect in this case Good structure right now Still good volume support over here 254 So looking to hold If you have any questions traders, please reach out watching over here for Hold off 254 and then break of 256 next target to 60 or Break of that support 254 next target 252 250 and 50 where we have also view up in jailings Chart patterns very simple for now all bullish So no reason we're here to fight So support 253 and 50 Just look over here the price action. We're not see over here traders 260 to 60 to 60 in the next days on Tesla This is my hourly chart. So you can see the levels that I have If we break this 255 The next major level that I have is this 260 over here. So we can trace another level of supply This this is my next area. Okay So that's the reason why I want to see a consolidation above 255 254 and then new attempt You can see this highs over here We got him back in August right so that would be my a plus This is my a plus setup right now forming For a move to 260 to 62 look that volume here coming in new book map. This is good for the bullish So let's go into probably for our chart. So if you're simply right over here, this is the supply and Target So let's see if it's gonna hold this breakout remember. I don't buy breakouts. Okay Let's see if it's gonna break this and push to the supply target here. So for who doesn't know me I am a day trader. I Used to be a scalper in the Italian market cover warrants Options futures, but I now mostly devolve my trade time to trade and mentor traders So I teach traders in day trading scalping interday on option futures cover warrants Also crypto for today's crypto And I have a dedicated Private trading room at jtrader.co and also trading Academy over here in San Marino Where I mentor traders directly with me We're also gonna be traders in the States in April in New York, Manhattan for three days live session and Also three days in Denver in May 2024 So after this traders for traders in the mentoring we'll have a special lesson on Big caps today's in mentoring trading. So For who's part of the trading community? So I'm still watching right now the price action 254 255 We're still waiting so Traders over here asking why no VVAP on Bookmap I tend to use it, but it's not so much important I already bookmark on charts And I can tell you there's a discrepancy between charts in bookmap The book that you will find on charts is more accurate the one you see on bookmap The VWAP that you find on charts is more accurate than when we find on on bookmap Remember when you're trading DX feed, you don't have all the data. So for of course, you don't have for example Arca and VWAP is only useful to see where traders will trade So it's the first way of institutional how to trap traders I've been seeing like when I started trading everybody using VWAP and everybody Getting really killed by using VWAP. So it's a very useful tool to see how traders will be trapped But rather than that doesn't give you an edge. So what I teach in In the trading room And I've been doing this for a long time Is exactly how to see this kind of manipulation They're staying Above the market not behind It's taking advantage of the trap that big hands do And I did a lot of Work in the previous years if you saw my webinars even our youtube channel about manipulation traps how market maker play Because you can simply study all the analysis over the flow you want But if you don't know how the setups work the strategies And how the big hands trap and manipulate you then trust me it's all in vain So it's not that because you will read book them up Or you will Know a strategy that is going to be only there. No, you have to improve and that's the reason why it's very important to read the price section And track how the market traps The manipulation that you will see So another attempt 255 With book on like this, you can say I zoom out. I can see where's the volume kicking in every single time We have a dip we have volume coming in and this tells me we have a very very strong tape So this is the first thing Why I'm using book about right here. So the question traders Stu is asking Jay. What's your winning percentage on futures? Interesting trading future for top step. I can show you this but In the room, we have a lot of futures traders and we have a community for futures, all right So this for example is the future trading room We have franco, which is a professional futures traders and we have others Uh, one of the traders that I met this year is emily. She posts a lot in the room This is her Emily she gives our feedback Uh, she explained everything so more than explain how was my win rate The system that I'm teaching has more than 70 person win rate. She made 70 percent in one year She made 4,700 percent return on our account With all the trades tracked and shared Every single week in mentoring but this of course not everybody will have this kind of returns But I would say it's a very good motivation Uh, we have atza another good trader. We have ryan moderators. So The strategy works According to the time from using But there's a strategy working more than 70 percent of the time for at least to are I'm very technical in numbers So everything that I trade is back tested and everything that I trade is very systematic So it has to have precise rules Asan, uh, you can use the system for forex Let's see air usd with FXCM was one of my first broker like 20 years ago. Let's see over here if it loads If it loads T board you see volume coming in because the tape speeds up exactly buddy the tape speeds up But it's also Huge dots over here pushing. Okay, you can see this buddy. So I cannot put over here to load The template on forex Let's see air usd Maybe with oanda all these were my old ex brokers Other question dire, can you speak about al xo or vino? Uh, buddy. Yes, we had an entire process on this this is what of uh with the cobra one of what our traders did and it's very good over here at the stop and uh the The setup over here. So I want to explain a few things about Vino Vino is a stock with a 7 million float is history of fading But this doesn't mean that by stats, even if this tends to fail, okay So all the guys that had this tends to fail doesn't mean that okay You have this or shorter because if now this is force as far as we're shorting at 320 And he would help for he was an under what 20 percent or something like that. So And uh, the size that he put in right This talk remember is ssr In high volume and I said when you have these two critical things and we bring a remark out This could be a runner and it actually went from 320 out to up to four Okay For we have this bullish birch and gold thing you can see those two bars for for a bullish birch and gold thing And then came all the way down. So you see really the backside and How we use the zealots over here see the covers and all So it's very important for me that you analyze and this I give you the timing of entry Because even if this is a stock that by history tends to fail Okay, there's still like a waiting time for you to trade it. By the way, great work traders on tesla We are from that 247 I think we're done for the morning. We passed a good hour together Again, press the like if you like the morning screen share come to join us at the trading community I'm sure you will love it because we explain and share everything live Plus we have a big new trading course coming out Um, the best broker buddies that I suggest you are the brokers that are working with us. So cobra And tray zero you will see an affiliate on our website Thank you very much. See you next time and good luck