 Good morning everybody. So welcome over here another episode with book map FOMC day so this morning we're gonna look at the spy. Yes queues and queue FOMC at 2 o'clock This morning. We didn't have a lot of volatility also mid-August We have to consider that majority of Europe is over here on holiday and I'm not really looking for any kind of able a plus setups Until when until traders the 10 o'clock, sorry the 2 p.m. So Few minutes to start let's prepare so over here we have yes and We are in a position longer than yes from this 44 and 55 with a target 44 and 65 We are at the same time on a position on spy At the same time over here for 43 and 20 Trade shared over here into the Boiler room and We have now this was in 44 444 plus 11 plus 12 Baba this morning we're looking for a short There was a first setup over here at 9 30s, but we missed it. We're gonna review that We took a short over here in this 89 30s for a break even Tesla Major bounce play and then you can see that a star trending over here using this 90 may so bounce from 227 and 233 The only one I would say had pretty good volatility And Vita's a stock that we're watching a lot these days Major bounce from the hourly jails over here meta We are below the previous trading range We had a major jail on rejection a second jail on rejection Amazon over here No play book at the gate. So still waiting Overall, I'm not really looking to take any a plus at upstrays also there. I'm not trading over here I have a trade at the academy from the States We're looking for FMC. So we're looking for trades at 2 p.m. 2 30 p.m. New York time Okay, so let's start doing our analysis First of all, we're going to go we're going to go on spy Mountain chart on spy When I have this monthly chart As I said before I'm tracing over here my levels of fibs fever tracements Now this is the way that I trace them generally you do that from the low to the high and then you look for the retracement Over here, the first thing I do is set the high set the low and then I see this retracement We had a bounce over here to the 78 percentage Fib over under 78 now if this is going to complete the trend is going to go to 430 The one that I'm following every single day is Tesla Tesla we can see that is forming an evening star So this is a reversal pattern We'll large this And that's the reason why this since yesterday we're looking over here for a major unwind We have a first big bullish Arami a second over here in this case We have a spinning top could be a spinning top could be a minor over here doji And then we have a here a bearish Arami. So bearish Arami The level of entry is exactly when we break this level Or when in today we have a possible entry here anticipating this breakdown And now we're looking for this major target. So I'm looking for ideally 200 210 also Second one was Netflix Netflix giving the same setup because we can see that we have a bullish Arami major doji over here and then over here starting the formation of bearish Arami What we can have is a trend line and therefore on the Long-term or actually short on the short-term swing. We're looking for ideally this dipping the 380 385 So this is the point to look for sure setups these days Amazon over here making an outside bar meta Why we are looking this morning was exactly for this fib rejection The reason is this we had a major uptrend move till this peak over here 1st September 2021 Then we know the market fell all the way down Starting over here in 2003 market simply bounced from 90 up over here to 320 We thought some major level of fib 78% is fib retracement and then look over here traders 320 Over under this is formation is a possible over here Bearish engulfing. So we're looking for a pullback over here back to the 270 So from here to here. There's gonna be a 14 15 percent retracement Now let's look at metal this morning and let's dive into a In today We say Time frame we can look over here directly into one minute chart We can see there was no high volatility Also, there was low liquidity We had the morning push over here before the open at 37 to 300 point 70 fade over here all the way down and This was the open two major levels This level here here and the second one this level over here And two things to look the first one is this understanding this level Understanding this level so we can see how the price broke over here to support and start reclaiming So we can think about a beer trap But this alone is not a confirmation for a possible long The confirmation comes on a higher low and then a subsequent over here move off I would say or say I Reestablish over here off Bookmap level at 298 so this 298 over here the stack over here liquidity And they're start bouncing up into the solder and pushing to the solder level of liquidity 300 point 50 The only setup we had this morning a good setup to trade This level for a short which came exactly over here You can see the pop into the 300 point 50 filled for 200 down over here 1.50. So not really a big range $300 stock that moves over here on three points is like I would say two points more or less is just simply Pretty narrow trading range So what we have this morning we're going to look right now into Tesla spy Meta if you have any small caps Please ask you want to do anything Together, so we are looking at Baba correct And let me put up book them up Okay, so let's go for the hard time frame. All right We have a Baba here since 2021 feeding all the way down the monthly chart and then in the last over here Year Actually in the last over here two years We're having a lower high formation and higher low. So definitely a pendant When we have pennant, it's always a or almost always a continuation pattern And that's the reason why this morning we posted this various pattern a chart because substantially this could have given us unwind and We can see that if we measure this zone over here So this range Then we can bring down this range over here. So let's put together clone so ideally This could be the level Then on the breakdown we can touch because we're gonna bring this over here down here So we're looking for the possible break in the next days could even happen over here that we have Another push and then unwind retest and then short but ideally I'm looking for that short set up even more if the mark will be bearish Going into the daily chart, I'm gonna look always the daily so looking at the levels of Main support resistance this we can cancel for now over here. This we can cancel this we can cancel So we can see the pendant over here. So high low or high higher low Over here. We're touching this level of resistance rejecting So the level that I'm expecting to see in the next days is gonna be this 84 85 So ideally we can see a level over here We can trace a second that over here trend line and we can see this morning. It's passing through that level On a lower time frame So let's move this to All our time frame Yesterday, we had the major breakdown fail all the way Breakdown over here in early pre-market and then break down simply after the open The level we were watching we didn't take a trade over here at the gate The level we were watching was a possible shorting this 90 area 89 50 90 It's simply open and dump at the gate so very weak We had a first pullback over here in 930 Which is this peak over here V-wap was running over here. So we can Put up over here the V-wap There we go. You can see the V-wap exactly that 933. So it broke this Small level of liquidity it got near the level of here book map at 89 50 11,000 their place Started to reject so we can see that the price Goes above the V-wap below the V-wap above the V-wap below the V-wap and Then over here starts fading all the way down Reclaim of the V-wap push over here into this resistance So here we started taking a short traders at this level Exactly the server here in 930s at 10 o'clock we took this first bar here There we go. We got in exactly this level here in 930 So you can see what? trendline break Level of entry is 89 30 area here Risking that in 950. We are risking this liquidity level and Then you can see it was essentially lateral over here. They're really not moving. So once the price came over here We decided to get out around this area so break even trade and Then we saw yes pushing this time. Yes was pushing and Q was pushing spy was pushing cues We're pushing they started to grind a nice cup pattern higher lows higher highs and then Red to green on the day passing right here. This level read the green. So right now not touching Baba We're still bears a sentiment. We're still bears on the bigger picture But not a trade that I want to take and I believe that Besides I for me see all this week will be a little bit Lower liquidity as we said Europe is closed or I would say a lot of participants Of the sector are not really on the market. There are holidays We are watching Microsoft so very range over here Bounce from the 320 whole round our number and we had an open with the red to green move We had also Apple Bounce play from this demand zone over here on the over 177 push the 178 So really one move one dollar move of range is nothing The one that we like this morning a spy or at least we took a our trade on spy Exactly this level here Using yes and in Q is a guide so what we had before the reason over here we had this Small Jlan curl after the verse of 50 the same time we had over here this given because once you have diversity you look for the The level that we longed if you look on book map is this level over here So we can zoom out a little bit We see a major cup pattern. So the price Breaks the V web and that's the reason why you can analyze V web on different time frames and so on but You will never by the way traders. We have a long play right now on NQ 1150 just right now with the risk over here 103.50s This is would be the third one today So probably over here stuffing seems a little bit like weak There we go already got the Stop level If you break this Jlan over here once over two So we're saying about this level over here V web doesn't really count in this moment and The price got over here to the J lines. You can see the bounce play We had the first dip over here second dip third dip now it's getting Week so we're breaking this level over here. We're rejecting this level So I'm going to look for a potential on one to 442 for 40 250 We're saying about the Book map level over here This was by area air of resistance So you can see if you're long We're long over here this area Once we got to this level over here, you can see how we reject it So we have a very good confirmation of where the supply is placed All right, so this is the reason why we use book map to see one of the reason to see where those sellers are located so we're here supply area at 444 and 20 444 and 30 this over here is the supply So as we said this morning We're looking for the long and then the long when you're looking for the level of pure size as main target The same thing over here. We have this web Watching the scanner right now if we have anything Playing for the day so we have a A small cap G X J T two dollar and fourteen That is pushing G J X J T Okay, all right down We had octoplay over here Stop this air and came down. We have up Small gap over here right now. We are 28 30 percent. So not really interesting training this small Gappers GSMG So some traders over here took this this morning Michael very good job over here shorting to the golden zone all the way down and Then we had Cyn Another one that trader over here in the room took this all the way down. So good work over here Michael Rome and also Tom Some trader off of the room We'll go back over here to spy Very narrow here this time of the day. So Not really looking to push perfect dip over here this Baba in this Support Dip a little bounce over here almost a hammer play almost like a hammer over here They've done here but Let's see also Tesla Tesla as we're seeing this morning Bullish engulfing pattern. So let's look at Tesla a lot of buying buyers this morning this dip So to the 227 here Well, what I'm looking traders on Tesla is still more in wine So ideally as we were saying this $200 area, maybe 210 we had over here the Majority of the support, right? That would be the perfect here. You can see bounce bounce Rejection that would be the perfect area where I'm looking ideally for a long This area here. So what I'm looking the next days is Tesla to unwind more even on this downtrend we have Bull bull days You can see over here traders like bull days, but the stock does lower highs or lows He's in a complete now short-term various trend So Ideally, this is what I'm looking at. Okay So this continuation over here the trend to the downside despite the bounce of today. This is a long play over here And Tesla you see when we were the dealings over here in this level support We had several levels over here. So when I don't want those levels I'm gonna filter these. Let's put for example a filter 2000 So I only see those bigger levels I felt a little bit out all the noise and The major point for me is to have the confluence of the key level Plus over here a level and you want to see over here how it reacts like especially This is an exhaustion downsize. There's a washout Reclaim and I don't know here washout reclaim how we know that is a washout We'll see those breakdowns and those wicks So those wicks means I use sell-off and run away reclaim And then over here holding the support Personally traders. I'm not in a trade this week and we didn't trade Tesla this morning We are simply waiting for a plus setup. We didn't have it. So One of the most important thing for me is to wait for the setup Avoid to trade B setups. Okay Anybody traded Tesla today? So let's see T board looking at coin Coin this morning. We had a play. I I shared in walsh list Let me bring it up So I'm reading from the front reading room News inside dispose uses etc. This talk in a very strength tends to fill on gaps Sell the new scenario plan short enough 50 boom We are the TP 78 so really Set it very clear Pushes Into that J lines we see often the fails What I mean by that whenever we have this push, okay? And like over here this morning get popular news or over here the spike this spike this Rejection of here the spike every single time the price gets into the jail and seems like a major rejection So this morning when we saw the news coming out We are writing and bus was a pointing out Trader this can be a good sell the new scenario Because the stock essentially is doing that every single day every single time that we have a gap okay, so This traders are not something that we say in 2020 you can come in there when we said this at 740 this morning We look to sell this short. We look to short this And to look this one why no plan even for long only for the short side again history of the stock tells us About how they react on news Going over to a one-minute chart I would say I would say it's pretty easy To see over here every single time that it popped to the jail and spot to the jail as it failed I See this 79 and then 78 by rules. We should get to the peer support. Okay, so I will say the corn play worked out very good now being that we put Over here the filter we have to change the for corn because totally different liquidity And let's look now Even we didn't trade this person. I didn't trade this. Okay we're looking at Those setups on 932. Oh, I need to open another one coin That's two hours Still on wine over here. Okay So this is the fit my favorite Setup, but often, you know, you'll miss rate because you're following maybe two or three for stocks futures And then you have a set up over here on what you have a set up on Like in this case on coin So at the open We have the confluence of what the stuff? Bowerly and then you have confluence of this major push near the big heat map So once we fail over here, we want to trade this short. So we're just short exactly this level over here Over under the Jlands VWAP poppin fail. We get to the pure slow support over here into the 81 taking partial profit And then secondary you can see breaks the VWAP. So trap again long traders And it makes them believe all we're breaking be what this is going to go higher not at all 951 Gets to the side again the heat map above. You can see how close we get to it Just like 10 15 cents major rejection and We have over here a solid over here supply area. So this great zone a solid over here Bear shingol thing and over here. We have a solid first part of the move which you can see it's all bullish over here We're a lot of buyers so don't try to Short when you see these big green dots because this means they're buying over here actually Start looking when they start selling. So we're starting these red dots over here and You take this to the downside and this the short is always on the back side. Okay I Know major long plays this morning. I didn't see anything that I liked Besides some trades on reversal on yes, and then we had a third over here rejection 10 21 and this again 10 20 exactly 10 20 exactly We had over here this level again Together with the heat map above and I need my word here giving your say ideal short Nice to remember a can read actually this was I would say easier Really easier this morning coin And all the way down Other questions Jonathan has asked can you show how you feel there again? Okay, of course do you use any filters on The heat map I would say with Okay, so having filters traders it really depends on The stock that you trade So you cannot simply put The same filters that you have on Tesla for Baba for spy for made up for coin When I'm getting Into a tray like let me bring up this one second when I'm getting into a stock Like Tesla where we play high volatility I'm gonna zoom out if I keep this When no filtering is like this And I okay, we can see right away That we have this as a major setup For rejection major setup major setup major setup so we can see that we have The levels of 233 the level of 232 and 60 the level of 232 the level of here 231 as Major levels of heat maps. Okay, we can see that The point is That I also see all the other levels. So let's say 232 and 90 over here 232 231 and 70 231 and 50. I mean It can get really too crowded So I like to go into my Studies configuration. I start looking over here At the exact size and I like to filter at least 1000 shares There will be days that Tesla trades a lot more volume. So I need to put this at 2000 shares But let's say that I put on coin Okay Let's put over here 1000 shares. I Still decent. Let's see on Baba put the heat map over here 1000 shares I would say that 1000 shares for this kind of market Both Baba Tesla coin it reduces the noise a lot. Okay, reduce a lot the noise. I think it's a good field So Morgan here said yes, it's called over on the doper on Tesla Yeah, I saying I know the basic about it flow So now how the reaction corrected the market any keywords to for learning about that. Okay, so audio flow The way that we use book map is multiple. It's not only a way that we use book map So remember that book map alone or chart alone won't give you all the information When I trade When I mentor traders I like to teach them a Problem that is based on multiple time frames. So the confirmation of time frame It could be a one minute together with the five minutes together with our chart together with a daily chart Let's say a level of that a level that you see on the one you want to see on the five from the hour in the daily And that's called confluence Together with for example the chart setup that you're looking for example There's a setup that we're playing a lot in this market in place three out of four of the time And I'm talking about in this market and over on there like let's say Bob on Tesla in the last days And then I'm looking at the confluence of also the order of flow together with This price action these setups and the multiple time frames Aligning all things together you increase the order of success So it's not only using the setup you will have high success Using only the order of flow you have high success is combine the things together. You create the perfect strategy Now The main keys that we can look when we're trading at Stocks or even futures because we trade even futures Using the order of flow is that that level that you want to trade or that setup that you want to trade You will have a confirmation through tape in order to flow So for example I'm going to put over here Tesla So we can make an example on Tesla, but on all the others webinars. You can see this trade is very very good So we can see that once the price for example rises over here and I'm talking about This this this this So all of these Uptrend so these are all waves to the upside. Okay. Our lows our lows our lows our lows We have always the demanding control so the buyers. Okay, and the buyers you can visualize them with these green dots So visually as soon as you look at this chart over here What you can see you can see that you have the major of these dots green So, you know that there's a strong chart is bullish The second thing that we're looking for is looking at the chart So looking where on the chart we have for example levels of supply And then looking if those levels supply are I would say Also present In our book map. So we can see over here the level of 234 Together over here this level 234 So I know that that was a level that to say I make an example from the previous day over here You can see this consolidation So we go through it as a 234 234. I also see over here Book map that means that level will be pretty important for us today On tesla, we are still like better sentiment So what we're looking for today Is still ideally I fade but again, we're waiting for that for emcee Now personally this evening I won't be over here for that for emcee I have a guest over here to the To the Trader Academy these days So I won't be over here for two o'clock But I mean if you have time follow FMC We made some videos with book map and also in the room explain the health of your FMC Especially one day was Last April if I remember correctly We had an amazing FMC day. We took four stocks at the same time May at the amazon taz I still remember and then we also took the spy It was 2 to 30 p.m. And we had the major unwinding day Following yes in queue Yes, and in queue in queues, okay So that's A good video that I suggest you and invited to go watch it Other questions, so still bears over here in the tesla Not looking too long What would be the set of that right now watching? There'd be a fade all the way down Then a retest of this level J lines above And looking to short this year over here So there's a still long way that we want to look an example of this. So when we have this shift Essentially, it's just like over here. You see that The jail has refilled the five And then this level over here is the level that we want to trade. So once we have that projection Okay Or let's say Here was very top of these days Yes, always shorting below the j-lines longs above the j-lines Exactly unless you have, you know extreme reversals levels That combining let's say these levels of demand for example, we have this demand at 227 So let's say we have this morning or this afternoon during the FMC Addict this 227 and then a bounce like that in that case We'll be trading a bounce play and a major over here beer trap So we can trade those setups over there Okay, it would be a counter trend counter trend trade So the most important thing is that we have an alignment of different timeframes For example could be a chart pattern of daily Or a chart pattern on the Hourly and then maybe a five minutes just like now giving a Hammer and then looking for this order of flow like over here. So we can see that this morning. We have only mainly buyers Of course, we have sellers because now it's retracing but essentially these were like very strong buyers Good morning behind. Okay, let's look at Nvidia. This was a favorite of bus bus is a professional trader full-time trader He is I would say pretty well known in many many trading rooms His favorite or one of his favorites in video So we're gonna go on a video this morning And we're gonna look at This bar over here So in video one two three four five six seven monthly bullish candle Over here the price A quadruple like 110 to 480 That's a big move and we're talking about the movie in one year essentially, okay And now over here what happened? We had a major bearer on it or bearer ceramic All the way down to this the many over here 400 and then it bounced over here to this 444 Looking at the daily This is what I'm looking at. We have a major uptrend line We can over here set A secondary trend line here We have one major dump trend line. We can set over here a second trend line this we can Cancel And these are all our levels of major demand and supply So the first over here that I really want to put is this 440 area for me. That's one of the most important here on the chart The second level that I would put Is This area over here 445 The reason why is that We bounce over here multiple times on this 445. You can see one time second time over here Okay, so multiple times And then we have another trend line over here. So let's make a little bit better Okay After this i'm passing To the hourly chart and right now we are really In the middle of the range This looks more to me like Still a major bullish over here move because this bounce over here in the funger era was pretty strong We are forming a possible bull flag So we could see over here a potential bull flag bounce play from this level and then push to this 451 secondary 460 And if we break this we can go to this i473 So if this level over here will hold the support for 40 438 and we're going to have a break of this Bull flag then we're going to push to the 450 460 and then the 470 Looking at today price action You see over here. We have multiple levels and multiple like Small levels behind for me is too much at least how I like to look at the market I don't like to see dots like this. I don't like to see dots like this. I like to see them very small And then when I go to the heat map I will change over here the size and Let's put 1,000 Much better over here. So it's cleaner and what I'm looking at I'm looking at those major levels that we can see the darker they are So if I see red they are more important than the orange ones And over here I can spot right away this morning This level over here This level over here Another major level down here and this level over here So those on the chart are my main levels until the price is over here. I'm not really interested in trading. Why should I? Why should I treat us right? So I'm looking only for those spots not every day We need to trade this morning that the trade the set that we had in in the room were essentially besides over here A good word for this morning from from tom and a few others Besides over here one small kept setup and some nice future setups. We had both long and short. He has something q and spy so etf Big caps we're going to really have any set that we actually traded So it was a day that we simply waited the gate One break even on tesla one break even really breaking means like no win no loss on on baba and There was one may baba opportunity. We missed it and one may made opportunity. We missed it But that's the point of a trader. You don't have to trade every single day if you miss it. You don't trade So i'm perfectly comfortable in doing that Now looking at the price section this morning on nvidia think You can right away understand that we are in a range Okay The plan this morning was very simple Looking or for a break over here for 50 for 45 and then buying dips So really looking to buy dips this year over here, right? But we never had it Or looking for a breakdown and ideally buying dips down here, but we essentially missed it now Why this level is important? So look over here and this for the future try to understand what i'm telling you Yesterday we had this major low one of the criteria that i always say to members that Look for the previous day low in the previous day high like we did on yes Then look for market high market low and this morning what do we have over here? We have the confluence of this level over here 438 together with the seat map over here. So you can see the seat map at this point at 438 So it's not that only 438 is going to be my purchase level because if you can see over here The level that we had before didn't really work But if we align now the previous demand zone if we align for example the candlestick pattern What was the can of this better here? Look what a beautiful Uh reversal inside bar that we had over here And fake breakdown and right away push it upside and we align over here also The level of book map remember that red line that we saw were saying before Then all together this becomes an a plus setup for a long Again book map Previous Low so this was the demand area the Reverse day same which is formed by this inside bar fake wash of them push All together becomes your level of buy but of course traders This is more advanced trading. It's not trend falling. We're stuck in a range So before taking these trades wait lower more easier setup. Okay. This is a little bit more advanced Are you looking for anything? The tape will really sped up on tesla. We can just see this on this breakdown Let's look So what I like about tesla here is that is going in the direction that we want so that is fading And until we don't have that pullback over here. Let's just wait But if for example, we can have This and this today or even better Let's say a pullback over here this and this this morning That could be a good setup 230 whole round dollar number We'll be looking over here of tesla Watching for example fail in 230 if we have liquidity over here stacking then we can take a short So vham is asking what is the time frame that I usually look on book map. Okay. I look over here, buddy So you have sorry You have the time over here. You can set the five three There's no major difference for me because what happens even if I have this on the one Okay, and I see very closely over here like this I then zoom out often or zoom in often So what I suggest you just have like a one and then you can zoom out over here Because like that you can see more I would say Zoom out the levels like over here. You can see this major level is 228 Another on 229 230 Okay, so try to use a level and then change it Remember on tesla we are with this pattern, right? It's always more clear that we have the evening star The target we set 210 200 so now We're gonna probably go retest the 228 over here So we're having a little bit more sellers on these On these washes over here. You can see Break support wash wash a lot of sweeps over here When I say sweeps straighter means that we break the support and straighter stop out. Okay Long stop out So you can see over here our levels of demand. We're breaking 230 Demand over here 227 supply over here 234 You turn this down It's incredible how this morning steady s is totally on its way So we had a long set up here Jalen curl jalen curl jalen curl. This was a stop jalen curl jalen curl again And thank you Gave you in the same set over here jalen curl jalen curl same jalen curl all the way up But if we have to say is this a beautiful day really uptrend is so strong not yet Market is waiting for FOMC and I hope we're gonna have some very good. I would say Uh move on the day These are some of the trade we took this morning. We longed over here. The lord was called Even 10 seconds before taking the trade We sold over here sold over here sold over here the rest we longed over here sold over here and the rest break even Then we took the long way here for 455 The last long over here. We took it Was this over here and we got a little stop any other question traders You're welcome buddy So next week, I know we'll be together with book month, uh bruce pringle Again, if you like, uh, please put a like And also subscribe subscribe also to the j twitter co youtube channel I'm sharing more today content about stocks how to trade in the lessons And really this is the oh say the easiest way To learn the market simply following then look to retrade Look to make experience start with a demo account Play around Find your strategy test it make more experience on it. You can reach out And uh, then only when you're comfortable and you're consistent You can look to trade Live And if you're good at welcome in the room to trade with us You did for the futures Okay, all right traders. So 1115. Thank you again everybody for following. See you next week and take care. Thank you very much