 Good morning traders. Good morning everybody. This is Jay Trader over here a mentor of Bookmap Today we had Morning trading on Tesla We started to trade Tesla very early often will start trading this pre-market over here I'm running Tesla on You can see just five minute timeframe. I'm seeing blocks of five minutes in five minutes. I like to see it like this and Just now I'm going to zoom out in order to show you the Main levels that we had this morning and I'm gonna put in my screen over here So let me know everybody if you're able to see my screen if you heard me correctly Also, welcome everybody and a glad you're over here. We're making this educational Lessons for everybody in order for you to learn so good morning Tony Charu Niles Greg Brian Vale Good morning traders. Good morning shadow The main point is to explain it order flow explain you the price action you will hear terms that I'm only using and explaining in my room and This is part of the strategy that I teach to the members that join smoke up room and JTrader Co Now this morning We're gonna make soon a step back looking at daily chart And also hourly chart and I was bullish until early remarket Why? Tesla on the long term is bullish and I will show you after what I mean by that on The medium term is bearish because from the starting of 2022 until now we have lower highs and lower lows in The short term we are bullish This morning we had a Setup that I really like to trade remarket and it was simply you can see here Bull flag pattern This is Tesla on the five minutes, but we can see it on the 15 5 3 1 whatever you prefer We had the major breakout to 25 and 50 which was a which was a key daily level bull flag pattern And then simply started to run Here we have book map Now I believe that the majority of you know how to use this software It's a software that we've been using since years and years my approach is a bullish this morning based on what I said before so short-term bearish and What we are looking was simply too long Few minutes before the open I start saying Why I was looking too long and I will simply Again show over here What we had I posted this seven minutes before the open 923 Tesla I'm looking for the 227 level key to long star. So taking starter between 20 30% and then looking for specific patterns. I Start looking at the order of flow We were screening a screen sharing this in the room Over here we start seeing like sellers and Where I focus was more looking at the main key levels area in this case we can see a Big heat map in area over here to 27. This is 227 Once the price dipped in a 227 Alerted the long exactly this point So we got long in the 227 and then we sold it into this major push Which was also a key resistance this 229. So nice risk-reward ratio Low risk high reward for the fact that we were just risking this 27 We came down a second time So we started having a lower high Higher low our high and then over here we broke this trend And you can see we broke this trend line. I Got long over here into the 227 20s and I said I'm losing. I'm looking to lose to stop 35 40 cents away. I got stopped exactly at this point So over here. I got 3.5 R return over here. I lost less than 0.8 0.7 R and Then we were looking for another push where we had over here Another reversal at this point. So you can see we broke this level. We came down and this is a What I call the bear trap is one of my favorite patterns to trade and it's formed always Once one of the two sides over here over here is trapped in this case with a bear trap Why because we have a bear trap in the moment that we have a breakdown and we start reversing and Pushing above that level of previous support in our resistance Once we confirm this we have the confirmation of this being a bear trap And you can see that now all the shorts are trapped. So the shorts over here They will are they will start stopping out and they will fuel this long and Again, we had this major push till this high again over here 229 So two times it dipped into the lows pushed upside And then we had the second area over here. So this was the secondary move. So in this case we start breaking the Support that we had before three twenty six and fifty which was the previous low We got down to the two twenty six and over here. We had a major Demand zone that was breached to the downside You can see over here and then we start making higher lows from there look over here We breach this it's another trap, right? We don't have over here a follow through to the downside We don't have lower highs lower lows, but instead we start seeing at this point More like a major Cup pattern and if I zoom out You can see even this bigger cup pattern over here with this break. Look over here This is a cup pattern once we break the cup we start dipping and then pushed upside and What is a setup? Well, this is another bear trap pushed upside and I've seen some of the The traders in the room That they master the setup pretty good, I would say first on over here was a former Student so in this case he stood away from the first part of the game was what it was trading Netflix you get the long Stopped then we long started selling adding sold to this push And this is really the perfect trading over here so very tight stop looking too long and Then selling for multiple hours So when you are long zone these dips and you have a stop that stop is very It's very small over here You're losing like half an hour like maybe max one are but over here You have it like four five return and then you add in more another three or four return So you can lose like one hour and then you're gonna make like seven eight ten times more This trade today. I'm pretty happy because he had his record day. So really mastered the trading very good then we had One of our we say all-time students We can say She is full-time traders is a professional right now She treated very good Essentially taking every single dip So bind a dip selling to the push bind a dip selling to the push Adding over here for the long selling and This is really the perfect trading over here. So you see like the system works With the order of flow together with the strategy while we Gonna look at book map We're gonna keep some charts up. So we're gonna put this Just over here below. Okay, there we go So this major dip 1540 is this major dip over here Okay, so this dip is this major dip over here And then once we start reclaiming at 227 sixties. So this level over here the trade over here jumps in and then starts to take profit into this 229's and then we still have this major extension over here You can see that we start breaking at 229 230 There was high volume over here and then at certain point we filled the 230 and Again, everything was Explained this morning seven minutes before the open because this is nine and 23 New York time where we're saying to long the 227 area Which is this point and then locking and longing for at other setups during the day All right, let's start looking at our charts now. We're gonna focus this morning on Tesla I'm looking at Reclaims right now. So this we can cancel it. I'm looking right now at reclaims of this level of 229 So This is what I'm looking. I want to look for this pattern over here for a long play. I Need to see volume. I need to see over here bookmark confirming and Then I'm gonna take another long for the day This is looking at bookmark. So let's point out over here The major level of demand and supply that we had this morning First this is the open. So 930 Let's say you're looking to trade Tesla Look to trade Tesla in those moments that you have a Low risk major support like over here and you can buy the dips you can buy the support and Then look to sell at least partial when you start seeing a major level of resistance that rejects Then you can see over here another major level of support You can see this fake breakdown over here Right away reclaim and then over here We start having high volume and I push to a secondary major level of liquidity And then every single time that this was dipping into a level of liquidity we bounced So we can see How this level over here and this level and this level in this level So these two levels over here were essentially a major catalyst for a bounce So this is the use that I have on bookmapper here that I'm not using bookmapper alone But how to use bookmap how I teach bookmap is to wait bookmapping confirmation wait the setup and there we go Anybody else this morning through the Tesla if you have questions or You want to share your chart? You can send it over traders. So we're gonna review that together So Tiber saying he murdered it. Thank you T board. I saw that you took a very good trade this morning Joe's asking what are the bubbles and heat map style lines? Okay, let's review This is for Tesla. Okay, Jay. So I'm not gonna have the same Setup for everything out there, especially when you trade big caps and small caps my settings will really differ but I Really like to trade Tesla. I really like to trade Apple Meta, Amazon NVIDIA spy and Yes So what I'm liking over here is the fact that I always run very similar Settings for all of these that I just said we're gonna go over here into the study configuration And we're gonna go look at candlesticks Sometimes you will see me putting candlesticks and I will just put over here generally a five minutes Because I want to see five minutes candlestick bars Especially if I see a doji Spinning top a shooting star a hammer hanging man or whatever Those gave you confirmation of the pattern and it's really reliable. Okay Or I can look for bullies in golfing or bearish engulfing So I like to keep over here the candlestick and I will use over here a body of 30 Other times I will put over here at three minutes. So you can see that it's totally different. We're three minutes and in this case This morning we could see very good this pullback and I was alerting this pullback Calling this is a bull flag in the room while I was traded So we had a first one over here working and then you can see the second one over here not really working but Actually pushing and rejecting and then over here. We have a heat map So I like to keep it over here auto You will see me over here time to time to put the exact size, but I suggest to keep it really over here like this Unlike to bright heat map default volume bars over here I'm going to put over here bars with it 15 and volume dots over here I'm going to put it smart not really putting a minimal display volume that you know sometimes could be good But I just keep it very very basic very simple The shuttle is asking any small caps you have traded this morning Personally, but you know, I didn't train small caps this morning. We trade in the room farm we traded seed jet and The other one was FR GT high for case fader Michael is asking how do you treat as that we're optional just sizing up and it's not really moving in percentage Okay, so in order to make a decent amount of money with Tesla and really depends with it would you Would you think about this amount of money? I would tell you use options as the best way to grow the account when I started the Trading I read really really small budget So and I was trading Italian market very different from the US market But we had one thing very similar to this which was trading cover warrants These cover warrants are like contracts very similar to options how they moved in the total market they had a strike that the Greek that Volatility everything just like the options and Of course if the stock would cost 200 bucks, I remember the time we're trading Tiskily a Biscone and all of this We were trading option that works our contracts of cover warrants that were like 0.52 bucks 3 bucks So with you know a 5 10k investment and when I started had even less you could have a good return term percentage For example, I remember that some of the traders that I mentoring yesterday the day before They had a small move on the line stock maybe like 1% 1.5 But option was still good, you know for a 40 50% off return Now it's very different trading options than 10 than on the line stock Because there are like more parameters you have to Focus on like the time decay and all of this But the best way is for me trading options Personally being that I'm not trading over here at the Academy alone, but I have other traders trading with me So we're trading partial on options and partial on the line stock if you have a big account I would say trade the stock because What is the point when you treat a stock you buy and sell at the At the level you want when you're trading options if the stock will be sideways or just have a little bit pullback Your option being that's gonna be influenced by too much time decay will lose so much value Okay premium even if down the line stock is gonna be sideways So you have to be very careful and do a lot of practice before a stick into options When I started cover warrants that were trading one or two cover warrants, you know two three hundred bucks investment Until I mastered how to trade them if you need help buddy just reach out or Join me in the room because we do that daily this morning for example in my plan I can show you my plan what we had This was my plan posted at This is six. Sorry five fifty four in New York time I said Tesla and long-term bullish medium-term bearish or turn bullish plan is to buy calls to 25 and Calls to 25 that a decent amount of return for the day Then when it's 930, I simply share my screen I share the charge that we trade I share the executions and I explain in live how to read book map the trace that I'm taking how I get the feels and everything I Want to point out now my tis is that I can be wrong. Okay, but I'm gonna point out my tis is on on Tesla for the long-term Okay, actually for the medium term So now we're gonna cancel this Okay Yesterday I wrote this Are we going to break the fib level? And I'm gonna explain what I mean by that. So we're gonna do a step back going into the monthly chart and There we go and put the tips now How to place the fibs normally you should put place the fibs from here Okay, so the 100 Fill here the zero, but that's not my time because I do a lot of fibs, especially in small caps. So I'm looking for Precise setups. I put the 100 over here and the zero here and Over here now, I'm gonna cancel these levels. Okay, and over here you can see that just The first of February we had almost a peak Okay, over here into this 2019 and 20 if I go down to the weekly chart You can see the breakout that's happening today So yesterday I wrote are we going to break the fib level the fib level over here of this 38% and My point is this If we break this and confirm the break of this 222 area The next major target that I'm looking is this 260 50% fib the next major target is this 300 So I'm bullish. Okay. I'm bullish over here. We have a first liquidity area here into the 260 a major liquidity real and a second one over here into this 300 Those are my two key areas over here. So we're gonna We're gonna do this one second And we're gonna put our levels so over here. We have first TP swing 260 and the second TP so take profit swing 300 that is what I'm watching over here. We're gonna make this a little bit smaller here and Here so who believes I mean give me your opinion who believes we're gonna get those levels over here Anybody I like to hear your opinion traders. So we can get to this first swing point over here. So over here. We have T board j could also do a tizis for yes. I think the first one we could easily reach Brian saying 260 T was ass is saying it depends also. Yes. Yes, we will Reach of course this level on Tesla, you know, despite the relative strength that Tesla can have or not You know, the tweet that Elon can do the institutional buying and everything else The insider buying that we can have in the stock. I mean, we need of course that yes is gonna continue to hold this 4200 and Get to this 4350 Which is the next major target that I'm looking at and then in queue so looking for future Nasdaq over here that Gets to this level of 15300 this area over here. So This is my target right now on NQ. All right, we have a resistance at this point because from here in the previous Years we can say we had a bounce. We had also rejection this area. So I'm waiting for This area and this area if you're gonna break this then yes, Tesla is gonna go 300 So I'm comfortable with that. I'm comfortable waiting for this along the play and I'm looking simply for that 300 right now. Okay over here. Okay, you welcome T board All right, let's go back to book map and we can go back to a An interday time frame. So this is what NQ is making this morning So we had over here distribution pattern a jailer rejection. So now it's unwinding Yes over here. We had the first part bullish fail of the J-Lines and Rejection as well Tesla is trying to hold the low of the day and I'm not really looking to short You know, we can have a pullback even to the 225, but I'm not looking to short something like this This is running bullish In the last weeks or months we can say so even if certain days over here we had I'm gonna point that out Even if over here we had, you know, some days that we simply unwinded like this in May or This one over here again end of May or this one over here in the starting of June I mean all the other days we had a major bullish trend bullish trend bullish trend bullish trend So why I have to focus on those few days. We're gonna have a pullback rather than, you know, staying with the trend so having an edge and Simply being trend following Okay, so of course. Yes, it will stay and be trend following over here Now we can remove the candlestick pattern and just look over here third of the flow and we're gonna put a We can put it here one minute chart and look at these major levels 226 this morning So we're looking at this level over here. We are at 230 level. You can see on book map major level, so I'm spotting The major level that we are on book map and I'm reproducing them on my chart This is a Tip that I give you to do So we're approaching that level 226. So at this point. I'm looking at what futures are doing and We'll be looking if over here we start having a bounce for a double bottom play So making lower highs or lows We're in here and there we are 226 Let's see how this is gonna react nice 80k over here support You can see they're selling and they're refilling went So when I see these supports over here, I Tend to long especially when I see this higher low with a very tight stop so I start seeing a higher low This 226 and 10 is a good entry for me just risking this 226 But I'm always very very fast and stopping out if we have you know breaking on this level. Just look over here at The the chart you can see that we have a relatively low over here to 25 and 80 Because if you break down over here, we confirm this breakdown This could unwind until the next support which is 225 So one thing is buying the support one thing is instead buying falling knives when you buy a support You then want to see higher lows so progression of our lows and you want to see volume coming in so bars coming in For that I suggested to use also the times on sales is a pretty good tool that you have also be here on book map by the way We're having a long setup on on farm You can see here breakdown of that low. So no higher lows. You can see that We broke this level we reject this level still in winding. Remember, this is an example From a trade in the room showing this very good So buying over here the support using book map as a guide Not working Taking it off Then we buy them again And now this time having multiple our return Buying more and selling again to this push So don't be afraid to take a scratch a small stop Because after you can have a beautiful trade like this for you know a major win This is Tesla right now. Just simply unwinding We're gonna look traders now with as you trade to some of the Scanners that we have So I want to always look during the day if I have Anything popping up on my scanners So I'm running different scanners over here we're gonna put This one to see the major gapers of the day We're having over here play for example 42 bucks 24 percent move Let's just run this one second. I think was no major a Look over here to us Nice move from 37 till 42 now a little bit too late to trade this this morning. We see a dip hold and push Let's see how the stock that I like to trade so we have get the hatred this in the past. We have Roku So I try to rock a lot of times Another get pop play you see nice environment over here Dipping at the gate 65 giving another over push to 70 so nice five points move This is a perfect setup that I generally trade but this morning I was not focused on this was only focused on wrote on Tesla Let's see anything else that I trade usually We have Maybe CL no PLTR. It's a stock that I tried a lot in the past LU Not really HP Okay, this move from 33 to 34 really not any interested in that No, not the major Stock that I'm really interested. Let's see this next It's a one bill of market cap 98 million float. Let's add a nice move over here this morning again another Set up of undover. Okay, let's go back to To Tesla and we see traders that we have this 220 major support over here that I traced We have a 225 So we're having a battle over here At this zone So let's put this over here one second. Let's make this bigger And now let's look for the major level over here off liquidity So we're gonna put also Volume profile, so let's look at something different. We have a lot of volume profile generally use it on toss So let's look at another volume profile. Okay. This is much better Well, look back bars 500 Bars width is fine point of control of this yellow Lines, okay, this could be good So we're above that. Let's look on a weekly chart. I don't even like this one Profile we're all dick. Let's try this as I said, I've generally used it on Tinker swim charts. Let's try these how they are When is I want us to look for something that tells me? weekly or even monthly, okay, so this is over here is a monthly point of control Let's look at daily chart All right, so what I'm looking here is we're have the major the majority of confluence of The point of control So I'm looking at this level over here this level over here this this this This is where we have the measure of volume. So that's is a very big point of Resistance right now And then the next one over here see a major resistance. So high volume was straight over here this point High one was straight over here this point. So again, this 250 will be an important level and then they serve it here Just want to see also the other number of bars Let's put it here 1,000 if this doesn't go 1,000 probably 500 so 500 all size volume here a point of control this read Show POC label we don't really need that Okay, in this case it only calculates from the 17th of June. So the last year If you want more we're gonna put this weekly now. This is week is too much Let's put it a daily So I'm looking at the highest volume trader over here where it was the highest volume training the last period was over here This one 87 so right now we are Moving From the high volume node that is this zone over here Into the low volume node high volume node over here and again This is the pure low volume node low volume node low volume node So here we still have a high volume node so once we We break this level we should go to at least this area here This is the high volume node in our chart So means the highest volume was straight over here and right now we are simply above that level interesting right to see these patterns So Michael is asking so basically for a small account is just three options slide in the money and the nearest exploration Yes, what I Suggest first of all is that you trade them on paper and you start making experience on them but I would focus on Or first in the money or add the money or first out of the money. So try not to be too far away a strike and also Expiration weekly exactly Market looking weak. Yes We are we've seen right now a bounce on on ES, but we're still like negative. So we still read for the day That's just trying to reclaim and go red to green I'm looking at the daily price section over here bars For now seems like forming a spinning top, right? This looks like really a spinning top all these major bull flags over here that we have in on On Tesla So now we just need to hold this 225 Looking for the next target 237 260 as we said before and then over here at 300 look at previous I over here 237 a lot of resist to 50 More 260 and then more 300. All right. There's any questions. We are in the last 10 minutes So we look this morning at all the price section that we had on Tesla looking for those major Dips Going over here over the open these two levels where we longed so the 227s over here and 226 selling to 229 to 30s Then over here we had a reversal we start breaking lows breaking at the low 226 came 225, which is this daily level over here and now simply bouncing again So let's see over here T-Board these whole dollar numbers are crazy. Yeah, they're worked very very good to turning down six seven points in an hour Michael is he saying and I treated farm this morning now We need to see the price action when approaching VWAP or if it breaks the daily resistance Yes on farm this morning Catalyst is what it is the company is what it is But also there are a few aspects this morning why we are also looking for alongside We had from the strategy from the system along pattern over here And now we have to be very careful because this is holding on a high institutional dopant level after 10 o'clock so Very tight narrow consolidation if this is going to hold 330 we have a potential mover to the upside so Careful trade this short traders today Personally, I didn't touch the short We're going to look for More of these move next week because I'm going to cover next week more small caps They we simply had a lesson on big caps. All right 1115 almost Again traders this J trader you can come and see me trading the room J trader co We're gonna realize soon a new course for futures stocks and options Also, we're gonna Release soon an e-book that we're working on since a long time And that will give you also access to seven free day trials in the room See you all next week J trader co book map Amazing tool if you want to see how we traded this morning look at our secutions learn the strategy See you at J trader co tank again. See you next time and take care