 Good morning traders. This is Jay. Everybody knows me as a Jay trader So we have another episode with stocks This morning was a pretty volatile morning. So we had a lot of volatility on the indexes We're gonna start reviewing yes and in queue, but then we're gonna focus also on stocks like BFRG for the small caps We had also MIMO, PTPI, Roma, and then for the big caps We're looking at Tesla, Amazon, NVIDIA A few things for the traders that come every time over here Good morning, Stephen. Good morning, Dario. Good morning, everybody. Good morning, Flo Good morning, Vin, Mick. So thank you always for being over here with us Trader every time is important to read a disclaimer. I remember that What we're sharing is a trading system What is the point of all these webinars is to share the knowledge of bookmap how to use this amazing tool Reviewing together charts setups. If you have questions, please also reach out and you can write over here into the chat so that we can Answer and help you out We're gonna cover some of the process this morning that we had on big caps small caps and futures sharing both winners and losers I Gave an invitation to I think two days ago. Yeah, two days ago to traders. We made a special webinar for an important day the Martin Luther King's Day and I wanted that traders know What is trading with a specific day trading strategy? We don't swing trading. We day trade We trade stocks like Nvidia, Tesla, Spy, Qs, but we also trade futures and we trade small caps the day trading system that we're using is formed by price-section reading micro structures understanding and trading system Really a little trading system. We have a template that tells you have to log into short and I will be sharing some of this stuff with you and plus None I would say None for the last Book map is I would say timing for executing our entries So these are all more or less the the trade that we alerted this morning So it's not that I'm sharing only what was good. What is bad, but the win rate that we're having is high so All the members in the room can simply just confirm this But is because we have I would say stats Behind the I would say the trades We've been talking the last few days With traders on on socials around why it's important to keep stats Because stats gives you a conviction gives you confidence in trading. I can never trade for example something like Nvidia This was a trader this morning Neem, but I could never trade like This trade over here that we took if I didn't have conviction if I didn't know that this setup has a We say high win rate off we say Happening. Okay. By the way, anybody treating this morning and video Just a question over here. I want to hear if somebody else had Nvidia in his play see if Anybody traded this good morning jades. So we have a stream share every morning from January 8 30 in In the room where we explain the setup to trade and then of course we have this Trading strategy it will be soon released for Members under a small subscription and also for non-members The fact over here of this in video this morning, I would like to to share with you traders Now pardon me if I don't have the entire book map over here up The reason why is because I was screen sharing from another monitor So let's see if I can load over here another computer. So let's see if I can load over here the history Let's also put in video And let's put the last three hours Let's upload in video. Let's see so that we can discuss this together Okay so We always talk about not using book map simply to trade the Hit map levels. Okay, so just like Very fast background these levels over here Are showing where the bars are we say place on the level 2? So you will see the book in a graphical way and When you have this from 561 to 563, it's called wall of buyers so What doesn't mean this doesn't mean that you have a wall of buyers buy because this will go up We have to wait how the price reacts So when I say that the system over here tells us exactly what to do is Is exactly this so when we have this Red square you can see there, right? and when we have this Red square over here should be over here by memory. Yes over here that red square tells you Okay, now we have a short setup. So we are ready to take the short Once we have book map. Okay, so book map over here opens That the price 930 and we have this setup the setup it calls a skull rounded cup or reverse v pattern This is not the first time that I'm sharing over here this on Book map. I think that probably in 2023 I share this a dozen of time for the shore side But it's very important over here today to see when we have a wall of buyers doesn't mean necessary I would say Doesn't mean that we're gonna have a bounce from here But instead you have to look how the price action is Working and we see that we have a lot of sellers jumping in a lot of sellers and they're breaking down They're eating all of this buying support. They're breaking down the support and then simply unwinds So strong selling pressure break down on support And over here we can see that this former mentor student He's shorter over here perfectly He covered partial because this was still a support this 561 So I agree with the idea over here to cover a partial, but then he tried to hold until this 555 and Working with lower highs lower lows so now This is the the trend of the day And I would like that you focus on a few things over here. Good morning, Greg floor and Alex Caesar Can you tell me one thing over here? So the question of the day is If we look at Bookmap, okay Who you think over here is in control In those two yellow rectangles Exactly morning forest sellers, right? So This is the reason why I I can compare the tapes or normal times and sales and level two with book map and Of course, the times and sales will be the same, you know, you have the times and sales Let's say on our broker cobra and the timing sales over here But then you have also the level two they will share They will show you only the first few best. I would say demand and supply levels But over here instead we see the whole historical chart and you can see Graphically so it's much easier to spot if they're selling or buying When you see something like this and you're short like me did, all right What it tells me stay the fuck short. Sorry for the worst guy But I mean this was a killer trade from me. I love that he trades like this And then what it's important to understand is on the pullback We have buyers. You see this is the pullback, right? You can see the buyers counter trend over here and this happens at this point So these buyers are topping into this liquidity area and then it unwinds even more So that is the beauty of this. Okay, so we can look at this and we can say over here Buyers, okay, so on this pullback. We have buyers, but not only buyers Who is gonna participate after this big dump? Covers because I believe that a lot of traders over here are short sellers So they're covering over here. They're pushing back up the price to this 558 558 and 50 and then they're starting to sell back again Probably this point we had the buyers with covers this bounce over here a couple of points three or four points boom trendline break Sellers came back again more in one and that is what you have to take from bookmark now You tell me J. This is 2020 so easy, okay But the more you can do this 2020 the more you will imprint in your mind Exactly how the pattern is and you will see this. I promise you at least 100 times in a year No, I don't I don't know if NVIDIA will give 100 times in a year But if you look in Vita Tesla Amazon made the Baba BA Microsoft Apple at least you will see it 100 times an exact tape and process like this So the more I see this The more I have conviction to trade Okay, so back up again You have the system over here You have the red dot You have this gray line below the yellow and below the purple. That is a short setup The price you can see opens here. You have a push and fail. That's your short You have a push and a fail. You see seller jumping in you short You place the risk you place the risk and then you simply look we have sellers We have sellers hold the trade and then over here. We have a pullback big heat map at the v-wap Okay sellers hold the trade more or we add to your short position and now What is this Greg pull up on 10 or young? Force what is this why we bounce from there? Tell me what is that level Yes, which kind of J-Lines is that Caesar? Yes, Greg the man, but also which kind of J-Lines is that? Exactly Jeremy already J-Lines So you have hourly J-Lines and support First over here, you have the J-Lines and the setup and book map. Okay, so it's not only for indicator I don't care. I don't give a crap about indicators But it's the system is that the trading system that gives me set up the scenario because it's a gap down Is the J-Lines? So is book map that is the reason why I like to take this trade or in this case name took this trade Okay So that is 60 minutes exactly buddy. Thank you for this. Thank you guys And then when you see This dip you can also see that this is a washout candle on the one minute I would suggest and I would invite you to take more of five in 15 minutes Because on a 50 minute chart what is this pattern formation over here how this is called I'm going to put also this for the traders in the room What that is called traders. What is this? Caesar is saying morning star. Is he is he correct? Is it the morning star? Exactly It's a morning star So now you're aligning more things together morning star demand zone all things That they give you the confirmation that that is a bounce play coming in questions Okay, I'm reading also over here traders. If you have questions Reach out if you have them So gh is asking what time frame should we look at? It's so many I have issues with time frame because it's so many I support resistance. Okay, buddy You have to find your guide Whenever you trade something you have to have a guide for me the guide is the hourly chart Everything that I look is first an hourly chart So I recognize patterns from the hourly chart Then I use a confluence of more than one chart one five or three 15 And bookmark, that's it. But that is what I teach to traders and I see that they're doing, you know, some pretty good performance So Exactly. So thank you, Greg. He was asking Jake. Could we take a look at AMD bookmark? Of course Just give me one second And then we're going to look into small caps. I think over here Uh Yeah Young is asking of course, buddy Can you tell me guys what NVIDIA is doing right now first? What NVIDIA is doing right now? Paula from 10 So the thing that I want to tell you Again, it's not the indicator Is that they trading strategy that is formed by the pattern The market structure Gap down The key levels Bookmark So we're having over here three main patterns this morning The first one is a j-line rejection The second one is An hourly j-lines bounce with a morning star on a five minutes And then if you take that long We have another short setup into these j-lines But where is the timing? So you have to look what is the setup the weapon j-lines good? What else we have over here double top on heat map? Good, and that's the reason why you take the trades when you align more things together Okay, now let's look at an AMD So AMD is one of the strongest stocks in this market Uh, it's been coming up so many times over here And uh, I personally personally, okay, just like my preference I don't like too much a video AMD, sorry It's a very good stock because it's I would say one of the cheapest in the big hands In the in the big caps part done a little bit Exhausted this morning but It gives some very good patterns So I want to show over here with you what happens When you use this this is a five-minute chart And I would like that we focus on one thing This level is a pre-market low Okay, so you can see over here pre-market low this level is 925 So when we have and this is something that I explain Also these days in the room and I from time to time I re-explain it T-Bo remember what I told you and yesterday T-Bo is uh, is a trader over here My friend from Hungary is a member of the room since a long time He's a very good traders also Camera guy He makes amazing in editing. So he's helping me for the youtube video. So reach out to him if you need it But essentially this is the support of pre-market low And yesterday we spoke about this I said traders when we break the pre-market low And it's unwinding don't look for a reversal don't look too long But we are out of this range So look for rejection of that level too short And that is exactly what you have to do So we can take off right now all the indicators So hide all the indicators and we can put a one-minute chart. Okay So look over here What you can see over here traders We see this pre-market range This is our pre-market range. So the price over here Opens and it fails and everybody's always thinking, okay, it's going to go back up like this But it doesn't why because at this point We are pushing into this Pre-market support becoming resistance and we're rejecting This level is the confirmation that we're not going to go anymore up and you have to stay for the short side But if I can Share this example with you. I can share the same example on tesla off last week Is the same exact stuff That is happening over and over just about reading the price section and knowing how the market behaves okay, so This day over here and you see I still have my lines, okay Just just tell you what happens You can see that the price over here. This is the pre-market low opens and breaks down And everybody's thinking oh, let's buy for the for the upside. No Way that we get to here This is the pre-market support and then if we have a rejection you short over here The only reason that we would long is if Use that support consolidation and then we long on here But otherwise if we break the pre-market low, so we're breaking this range again You cannot long you have to stay with the trend And this is just about learning to read the price action Uh traders it clear Even traders in the in the room Let me know if it's clear Okay all right, so Okay, so look over here This is yes And this morning Yes had this level off pre-market low So one second Look over here. This is the pre-market low and yes uh, yes is more Uh Counter trend trade so mean reversal setup Generally then trend following like an in queue You can trade yes, or you can trade spy is the same thing. This is a pre-market low again We break the pre-market low. Don't try to long it The only thing that I was telling today to my traders is look too short and where's the short We have over here rejection of that pre-market support becoming resistant short short only once We have a consolidation above So once we start seeing the price over here consolidating Then you start looking for a potential long play Now You have to look at this and you have to look at nq Okay, so nq in this case made Uh, pre-market low over here So it's a little bit different And you can see that there's a major difference between nq and yes nq faded Much more in terms of I would say percentage range. I would say range versus yes Made another leg down Well, yes over here chopped and I would say been stuck in a range So now we have our levels, okay And let's go back to look at At this point What else can we see remember what I said before to gh what time from do use our discharge? What's happening over here this main relative low? We have this level over here And then also we can put another one over here And why I'm tracing these levels because over here we have this bounce Uh, we add over here this bounce So this level has a point of confluence and then over here we have this rejection We have this rejection We have this rejection. So I know that this level is important So right now We can expect Yes, if this is a confirmed hourly bullish engulfing to have this bounce if we fail This target then this low Okay Now another thing to look over here this weekend castle Is let's try to put A one minute chart And we put the indicators And now you tell me j what the fuck use the indicators over here What is the matter with you The first thing that I told you is to study the Setup the market structure the price action and book them up But also what can we see over here? Isn't it this The setup that we just shared on nvidia on amd And we also had on tesla It's a simple general rejection reversal pattern So now you have the confirmation of the supply book but but everything with that pattern If I look at nq if I look at the qqq That same setup is my a plus setup to enter This is another setup to enter So I have everything over here to tell me short the trade or short in this case the ticker Now let's look at small caps James is asking do panels like I had in shoulders have to be Exactly or it is okay to be a little different buddy My personal suggestion is that When I was starting to trade to I was starting to study technical analysis in in Italy, okay That was starting of 2000 and of We're saying 99 What and I was a young boy What I Found out is that starting levy williams starting linda rashky oliver valets barry rod Tony awes all of these you know traders ken kaloon was my first mentor in the trading university and steven isn't the The pattern that you know, you You traded the most water the raw soak War break down flag break out and so on In this market that don't really work that great So the wind rate is very low if you trade simply, you know those chart patterns So there's an evolution of chart patterns, especially because algorithm trading Is influencing the market structure So every time that you will see often in stocks or futures Breakouts that everybody expects Often you will see that those are fake breakouts So there are liquidity trap That I would invite you to trade or I would say to track And uh because they can be reversal plays Okay, so that is the one of the the first thing that I would Start thinking about The other thing traders is that one second Okay Sorry, I have to check a trade over here and helman now. We're going to look at some small caps today. Also looking at book map We're actually in some some trades Let's put up over here The charts let's put up book map. So we're going to go back over here so Let's put over here. First of all ptpi Let's put also over here bfrg and memo now over here, this was about 30 minutes ago Okay, so look over here what we said. I'm going to Upload this on the chart This was exactly at 1015 So 1015 over here on bfrg We were looking for a setup So bfrg 380 level. Okay, so you can see over here. Let's write over here 1015 bfrg 380 level golden zone to reach or to reshort 1015 is exactly this point And this is the level That we gave in the plan to short This is our short alert But why dear For a serious of reason now Uh, I will keep I would say the The sauce the hot sauce for traders in the room But we can look at what book map gave us For that play short The system over here Is forecasting so the system is telling us j look for a gap in extension and these are the levels to trade So the system tells you exactly what you have to do And now we can be looking at bfrg So You can see that the price over here on book map. Sometimes when you have these fast strips, you don't see That push Okay, but what you can see is that once this starts fading We have over here that fail breakout of that key level of heat map And use amount of selling If now you go back with the memory and you start looking at nvidia Isn't the same big selling pressure that we saw on nvidia the gate question Because that is exactly what we wanted Okay Is it clear traders? The reason why? Okay, okay, so Big stuff Into the high of day And then fail over here to the downside Okay, beautiful Beautiful buddy Then I would like that you read this And this is exactly what I wrote over here a few days ago. I hope you can see it The million dollar rule key strategy high of day liquidity bull trap level First thing I learned in 2017 in small cap was to trade highly level Every chapter was buying breakouts and of higher day and I remember very few trades being profitable Now focus on the high of day Is not just a breakout indicator, but also potential bull trap zone. Why? market makers So now we don't have anymore. I would say market makers like the figure person But we have algorithms often use high of day to trap trap for longs Baiting with liquidity before a short dump or to squeeze shorts It's a favorite for algorithms too is they frequently treat high of day as a resistance level Beware of break of breakout trades at high of day So this we can reshare But now we're going to put also the same over here about what traders about Not a uvi But about bfrg Okay, so Let's put this I'm going to also share with you And I'm going to explain better So we're going to put this up And we're going to put over here bfrg And let's look over here now without indicators. Okay, we don't really need these indicators now Of course, they have a a reason. Okay Once you are in the room, but we're going to do exactly like this So This is the high of day make sell zone. Okay, this is the short alert and over here we can write alert To short stuff at 380 given at 1015 am east In room So what we can write over here short alert the reason why this is high of day liquidity trap Heatmap fake out New sellers Jumping in Below 380 long strapped Above 380 youth selling pressures And this we can say mid day higher day fake breakout bull trap Okay, make sense now questions Okay Now we are still short on a memo It's a sub one dollar stock Memo over here Is a stock with a high institutional ownership. It's an ssr. So it's one of the hardest stocks to trade But let me see over here if I have some examples of how the team traded This is ptpi. This is tesla. This is memo. Okay memo. We shorted We alerted a short you can see that over here. It's pretty like no frontside bullshit We waited over here the high of day breakout. We saw a big seller coming in We shorted between some sort of 034 033 033 50 and now we have stop break even we're holding for 020 more or less But it's the same setup Okay Is the same setup traders No, this was uh, this was yes. No, actually this was Okay gc gold So it's the same setup that we saw more or less in in the frg and why 930 This is the high of day and the pre-market high level and then over here we have this breakout Once we saw this We alert over here for the entire room So Why this because we've seen the setup 1000 times. That's the point When you see something 1000 times and you know that you will have that trade in the same exact way Because the stats are the same because the price action is the same because book map is the same Then you can trade that that Okay, and over here you can see Again, you can see the the short entry I'm going to put again the timestamps. Do I try to say oh, no, it's not true No, everything that I say over here is exactly what happens in the room We call this a 954 Okay, so you can see over here 954 This over here came 954 Okay, this level over here So alert 954 too short memo for the first time putting stop above high of day TP 020 Risk now break even Okay, so again the same setup Over and over and over the same setup And let's look now with book map how you can get this how you can I would say have that extra conviction to take these Okay So 9 30 954 part done You can see that the market is giving this strong push and it's a breakout I don't believe on breakouts often They don't work especially When there's an exhaustion into the tape And you can see over here that the price on this breakout of 035 Goes exactly into the liquidity area 036 The price is stalling over here You can see that it's not moving up and right away. We have a rejection That instantly once we are looking for that failed 035 We were looking. Okay. Do we have no sellers? We have over here buyers How is it we say behaving? And you can see that From the major amount of buyers that we had over here on the front side of the move I didn't see any more sellers. I don't see any more buyers, but only sellers So once it hit over here 035 034 33 We alerted the short and that's the unwind on this So again fake breakout the system is telling us we have over here a gap in extension play Reason to take the trade Okay, makes sense Questions Let me know if you have questions traders. I'm here to help you Young is saying how do we second put? Yeah, buddy exactly With this reason over here So looking at book map and looking for those fake outs and knowing the setup I want to put over here a few things now Be aware That Mimo Is a stock with low forecast To fade today in a mid morning midday hold Of 026 Could lead to a An afternoon new highs Start watching For One fader with lower highs Lower lows to a runner If we set a consolidation absorption with and higher lows higher highs Okay, so trading tips This is stuff that I want that you study So you can follow us traders in on twitter. Okay jtraderco and Other traders are helping us to On a small cap room But he was asking. Oh, Todd is asking QQ. Here's their stepping. Let's see QQ Q, buddy Yes, let's also put over here a book map on QQ Q In the meantime, T poor Is asking what kind of set would you use to short BFRG buddy? Minus 0.02 is enough J to say J check out CCCC. It's a real potential. It was one half a month ago seven dollars Okay, one second. Let me know let me watch over here QQ Q Oh, very strong volume over here making our lows and our highs. So we have a total reclaim Now we're going to put our indicators We're going to put also over here five minutes I like to use the five and fifteen minutes a lot. Remember my guide is the hourly chart So we're below the hourly J lines Careful guys because Q's has a major supply area at four zero six. Okay. So Q's could lead over here to four zero six So we're still long On meta and media and Q We actually started the position over here Let's share what we did So this is our team So the team over here started to long meta So really they got the dip Amazon And then also the Q's We're long and all three over here. Okay. So this is some mentor students over here So let's see could cure this point over here Okay, I want to share over here an error from a student Is the first error that I see today By by him So Let's see over here. What happened Okay, the same trader took this today So I cannot really say anything over here. I had a small cap. You shorted perfectly a big stuff J slim so very good over here I go called I will call the trade fe And then this over here is the second trade and We add I didn't alert this but the system Gave a long over here Now over here. I think it took a short Or it or it took a long. I'm not sure about it And then I believe over here it took the long And got stopped. Okay. The point over here Is that if you use these long zone breakouts far from the VWAP jail as 90 may The stop has to be much tighter And if you instead took the short Maybe took the short over here I would need to know what he did because I don't understand the start Buddy, can you explain it, please? Okay, first anti was bad and caught it instantly second stopped out But was along the second trade or a short Third outbreak even Four started and full size short So just tell me over here if the second trade is a longer or short And what is this this over here? I'm here trader so that we can review things together. I'm trying to help you Ah, okay. So the trader is saying that the second trade he took a short And I believe that he got stopped over here And then he took the short and he took a small win got it And then he took the short and a short over here and took this Okay, okay, okay, okay so Remember our plan remember our setup you can see over here also the rejection 406 BFRG Remember the alert that we gave on BFRG We said look for the clear L380 so don't start too early But instead look for these levels And look to trade high When you have for example Stuffs into this area So the point over here is that you should have just like a little bit too low instead. I want to see Spikes for you too short. Okay Okay, so forest is asking Jay, if you have time it looked like invita was going to have a general rejection When this let's see On a one-minute chart it bounced up and consolidated for a bit around one minute jails then curled up As we know price also bounced off 60 minute jails hourly Okay, what do you have taken the general rejection around 1030 or if you're okay, I can tell you buy rules So buy rules look at me buddy We're going to put a one-minute chart Remember always to look at multiple timeframes for the trade pattern We had also over here in video Okay, so we're going to look over here. This was at 1030. So this time over here Buy rules. This is A good setup too short. So this level Is a correct setup But you're looking for a trend line break and this unwind Once you start seeing over here on the left now check on the left Bookmap not unwinding. So not doing this but curling back up So if you're short that has to be your risk. So you're losing like, you know 40 50 cents the most Now with the one minute is not that clear But if now you shift And you start putting over here Look with me five minutes hard This is what is called a reverse j slim. So, you know that at this point over here, you have a long play Okay, so you take the short boom stop break even scratch. You can take the long Okay, this base on the rules clear, buddy All right, so today we're going to finish a little bit earlier I'm going to share what we did Uh on nvidia amazon and all of these In uh in socials in the room and also in the book map chat So that you can see how to perform where to put the risk Okay, uh for now, I think we had one hour amazing over here day So thank you for coming for all these questions. Remember thursday 8 30 new york time one hour free Webinar in the morning. Okay, so tomorrow Tomorrow come on my youtube Okay, so we have the link just look at my youtube. I will tweet it out Come to join for a pre-market plan. Thank you very much traders. See you next week and uh, love you all