 Good morning traders Good morning everybody So we're gonna start in a few seconds so FMC day I'm looking over here At the scans what's up today? We have FMC at 2 o'clock 2 p.m This morning. We've seen like some small caps that who are running like CLLS This had No, really need of cash, but I had a big dilution morning Florian morning Floyd morning traders So we had a gap and crap over here. Let's put a Hourly chart Exactly this is what I did this morning at gap over here and cancer news 114 to 280 and then all the way down This is a typical gap and crap pattern yesterday we had We had the podcast me and be the story and we were looking about Explaining what are the best small caps to trade short who will come up in the next I believe weeks All right, let's put up CLLS and see this together. Good morning Morgan Morning traders. Can you hear me good? alright Remember press alike if you like the morning streaming also, I need over here to Gave my congratulation to one of the traders over here to Jay Did a guy we hear from the States Came over way. We started a week together. We went to the gym. He actually did even pizza over here and When he joined the Academy in Italy We worked a lot of Strategies and also Nordic flow. So how to use better book map in order to become more successful And I'm very proud he's in life. I Made 16 for the month of October So has updated the last week over here. So I'm looking to see him in the next In the next I would say a year to beat the seven figure so I know that he can get there So congratulations to him and also to others that are performing very good And what I said over here is that I don't really believe in talent Or at least it was certain point. I believe in hard work and smart work everybody that has This kind of dedication can become a very good trader. So congrats John So let's put over here CLS. By the way Anybody traded it? Let's see if anybody traded CLS. I Recorded the entire morning in the trading room Okay, so as we said before we can bring up some stats on the CLS just to show you What we're What we're following. Okay? So CLS was a morning gapper and then we're gonna review with your book map and the heavy selling pressure So we're gonna talk about the heavy selling pressure on CLS First I saw some traders taking the long and I think this was Swiss trader Yeah, and him and Tony and some others Started to take the long this morning. So it's a pretty good gain because you start loading the size and They got it over here around 245. They sold in 255 to 60 and then more over here in the 275 And then trilling over here. So these trades are solid. Okay, don't think about you're making 20 cents average think about you putting 10,000 shares and you're starting put making $2,000. Okay, that is the point So let's review a few seconds why this was up. We had a collaboration with AstraZeneca And I was reading over here. So Zeneca bought Something like if I remember 21 22 percent of the company We have over here a collaboration agreement Then I was looking also at the stats that this company had so essentially we have a 55 54 million market cap Float now will be different Institutional was 21% now will be different. There was no SSR And I was checking also the financials. I'm sorry This company has cash because I had more than 90 million of cash available for the Sorry 90 million 90 million cash available. So it doesn't need cash Despite the stock has a lot of dilution and I know that a lot of you are not really familiar about talking about dilution but is a key component when you trade when you trade Stock especially small caps We see that over here they have a burn per month of about 5 million So this tells me we have Let me put over here my We have over here five million. So basically they have a cash for a long time for more than over here 20 months and You can see also the quarterly So they were burning over here 500k per month more or less and They're making over here five million for the world. I Was looking at the history of the company so to see how many times this faded or ran and These are all the days where we had a gap above in this case 20% I put and these are the gap stats So I put 14 years, but I'm not really looking into 14 years More looking over here the gap above 20% at least 500k volume And we had two days this ran two days this faded and with the average I have a day 935 So Let's get to book them up over here In the meantime over here my beer that she will alert me if we have any setup. We are watching Yes, Tesla and Q Meta Amundsen this morning so We're gonna put CLLS And start looking at a few things over here Okay, I Will like that you put a little bit of tension traders to what's happening over here into the Price section at the moment of the open Okay So you can see that we start having this is the first bar We start having a pop and then right away starts fading There we go, we can see it better. So this pop is from 266 up to 271 and I would say that the majority of traders they generally Don't know when to short They know that the majority stocks will fail Actually, this had parameters that was going to fail Less than 60% but I still fail so how to find that timing over here Well, I start looking at my levels that I had on the chart and on a daily chart at a level set at 3 another one set at 250 and then I also like to have a Level over here off pre-market And you can see this level at 250 to 53, right? So it's an important level because over here. We rejected and then we bounced we bounce we bounce So 250 to 53 is an important area and this is once we open. Okay, so it's just look over here We open we pop we fail and we close over here so the view up is this one, okay, the view up is this red one and This essentially what is is a pop and fail and this bar is called spinning top So it doesn't give you really Any big sign over here of being built bullish or bearish even look at the volume below You can see that we have almost 50 percent red and 50 percent green. So we have both buyers and sellers What instead gives us a very high degree over here off? Timing is really looking at what book must start doing So first of all at 280, which is the level up here. Okay, so we're talking about the pre-market high We start having a big heat map. So over here. You can see that we had 40,000 of shares these are for a sale for a sale and The price right away at the gate. You can see that opens and then starts Pushing down. So right away opens and pushes down. It fails to the slow 256 so the slow over here and then it bounced back up over here to 264 So you can see it it bounced back up to 64 But at this point, I like that you try to zoom out a little bit and try to have book map like this when you're trading small caps So by the way, anybody trading small caps over here. Let's see. We trade small caps So I see some trade over here. I'm looking also some DM in the room Okay, we have some small cap traders alright All right, so Okay, so I want that I would like that you look when you trade small caps Not only if you have a heat map because over here if you waited the price hits this resistance Which is this 280 will never get filled, right? start looking instead that We say which color over here is dominant. So we have buyers or we have sellers Make it over here like this, okay start looking over here from here down till here The major color that we see the dominant color is this red, right? So this means we have sellers And you can see all the way down we are below this band over here This purple band over here. It tells me that we have over here sellers Okay, so we stay below the here. I see the big selling pressure. You can see all these red bars This is all all red. This is almost all red over here We have some buyer but the majority are all all red over here. We start seeing some a little bit of Bind then red again So on this unwind over here We see lower highs lower lows and this is essentially your your fail that happens over here into a jail on rejection Okay, so all of this to say that you have two major Levels I'm gonna put this another color probably Screen will blind me Let's see the red. Yeah So we have this level over here and then we can put another Let's say on book map This level over here. Okay, and this is as it's written over here a gap and crap So this is a very good move because you start taking even, you know only 2000 shares, okay, and you make your easy 800 dollars So it's a very good Set up to trade and it can go down even more over here. We have another target So this is the the gap and crap of today and as we said very good on on book map So I really like over here the use of book map on this it worked pretty good Not for the heat map, but telling me over here where we had the sellers Okay, so over here Good point any question traders on this Okay, we're gonna go into Tesla this morning Because the one that it interests is me and also a lot of traders We've been trading Tesla today and Tesla was in a range didn't move more than a few points This is a scalping morning on Tesla debt is not necessary What we generally have we're gonna review together what the team did over here, but You see the the start is a one minute. We had our levels over here traced You will see the reason why I had also this 205 It's a pretty good level that I Wanted over here to to look for a short into but instead We didn't get to that 205 so we didn't get short We'll review soon how book map helped us and over here We saw this two zero two was a major support on book map and we longed over here the dip, okay? So for who's coming right now? explaining all the Scalping process on Tesla In book map webinar, okay explaining all the scalping process over here If you want traders also invite you to press a like and also share the The link over here So we start buying over here this dip and I was looking at two zero two and just putting the risk below two zero one and fifty So I learned to the team over here. We can have a long The risk is just below the relative low. So risking very small and then of course We were looking to sell a partial over here a 50% because this is very in range between two and two zero four And we were looking for this to push two zero five to sell more But once we saw the stuff and it started to come down We got out Then over here a major Chop if you look at this we're starting making lower highs and lower lows and high lows So there's a contraction and we saw a wedge At a certain point we saw this consolidation alerted the long over here was very fast one And I said this is not an a-plus setup because we are in the range So we took the long over here and book will give really a push the upside So we got in a momentum trading what I like to call this momentum trading Because was fast so we bought we bought more Sold over here a big chunk of the top and when it come back because this it came a fast stuff We got out there remaining And then over here again, we were looking at two zero two down here. So we started a small position We got this We sold to the pop when it came back down We saw a little bit more than the bar closed over here And then rejected the VWAP and then again that two zero two we got along a second time From that two zero two like in the at the open. So we were respecting the level. We saw a book map over here We bought the dip just risking 40 cents below this support We sold the partial again. We were waiting to sell Over here two zero five But once we saw over here that was stalling to the VWAP we sold more and then on the Backside of the move we sold more and we did good because then Tesla started to come down and it didn't give any more any kind of nice dips to buy You can see here that instead the price Once it broke this range of two zero two, which is this level started to unwind So we add over here now. You can see that price is simply joining and holding the 90 made to the downside Okay And we're gonna analyze this for for the day nice play over here on Book map using book map on On Amazon great job, buddy So we had a long at the gate over here. So Somebody took it somebody missed it, but then another good play over here taking this Nice colors and book map. I like it nice support and heat map 134 One sport over here heat map 134 So good job Nice work out some So Tesla finally broke this trend line You can see this morning one of the plans that we had actually the plan that we had was to look for a trend line break So now my target is gonna be this 194 I'm gonna put this straight as a target. So let me Let me put over here my my level. Okay, so that's my target you can see the J lines hourly and The plan this morning was not really far from that. We were looking over here Gonna put the plan Looking for the 205 J lines hourly rejection put this put at 7 835 Okay, so if you follow this morning over here on Tesla Good work. So why we took the trade first of all, right side of J lines rejection of supply Area 205 Trend line break hourly and then also we had interday wedge pattern Breakdown and we have over here also the The plan posted over here 735 actually 835 Okay trader, so what we alert then we trade and this was our plan for the day So when I'm looking over here at Tesla right now and I see the small bounce I'm more inclined to look for a short coming from this 200 You can see over here that we have a nice heat map at 200 90 may over here So I expect to get in this 200 trend line break and then looking for a fail So let's see over here. We have a fail that 90 may 200 is a big catalyst level. Okay with this This is that has to do with this So ideally traders We have this right now. Okay, so ideally I'm looking for this pattern over here boom, okay I'm running also a tick chart together with this So I like to look at my My stocks also with a tick chart. Of course, I'm doing that with another platform not trading view. I Don't know why they cannot do it Okay over here Tesla, let's see what it's doing. So giving Yeah, exactly, but I'm looking that on toss So Tesla over here short setup now So Tesla with a scalpel play into the 99 70 and we're looking for This risk over here 220 10 trend line break book map over here is Coming along remember trader. This is our trading. We are like pretty good up for the day Read the disclaimer. Don't follow before trading with us You have to be able to learn all the patterns and the setup that we trade in the room Because for example, this could be a stop today. We're already up six hour on Tesla We'll take a one-hour stop. So we're still like gonna be five hour in the money What I like are these fast scalps You see that once it broke over here that one. Do you right away short over here? So you start shorting over here immediately and then if the trade doesn't go you put a stop break even, okay? So we're just writing this with the 90 may until we're gonna see over here sellers That's good and look for target 198 some support 199 So now when I see more and wine over here to the 198 and 80 and then today, we would like to see the 195 196 Yes broke traders the 90 may finally if you're looking at the s 200 you can see It's broken now. We have the 199. They're trying to soak over here on book map and break down over here They're coming good. So we're looking now for the lows Previous low very very good. So we want to work with this So an example over here from the team Just simply Alert in this setup over here on the trendline break at 199 and 80s We had level over here one in the 1980s Trendline break beer flag very easy looking for the short and then We're waiting to trail now 70% if we get to the 195 196 we're gonna see okay, so we have Bear flag strategy over here with book map So we're gonna risk maximum now break even or let it go We have a major pivot over here 199 and in 12 199 and 20 we have a pivot point The book map is setting over here still lower highs lower lows. So we can continue to hold it Right. I would like to see more selling Dots over here. We have a lot of these buyers in area 199 200 And personally, I don't like that. I want to see more red dots so sellers This is Again for who just came what the team over here made this morning We explained over here Our work, this is a scalping day So we long it we sold and then sold over here Every single one of these is alerted Explaining the room why so that you can start learning how to scalp it because this was not a trending day until 1015 1030 Then we longed over here. We added we took the pride the profit fast wash and we got out And then we long and sold and sold over here Then we long it we sold we sold over here because was not pushing more and then sold the rest Now we start taking the short over here We missed this one over here at 1030 Because we were just connecting over here and we're looking now for that 195 196 We're still 98 so we need to see if we can have an unwind. Okay? There's another lesson that I would like you to watch is This one over here, I'm gonna I would like that you study it Study that is lesson over here. So I'm gonna put also in the Book map the score room. So I was moving along over here below one of the eight So we need to let it go right now and not really focusing too much on taking profits Again traders were getting to that 90 May. So it's soaked before 199 is soaked over here one on the eight The trend is still down. So we're forming so lower highs lower lows We're still holding the position short over here We'll be trailing everything above 199 so remember that Our target is down here 195 and you can see how In professional trading we use Format So you start looking at multiple time frame for the confluence of signals Over here. I will shift From time to time from hourly to daily or weekly in the five minutes. I will shift it even with a 50 minute chart Then I also like to look into tick chart, but this is when I'm totally focused on one stock what I like to do So j-slim over here on Tesla Yes, it's curling down. I Like over here through to the j-slim. Let's see if it's gonna confirm We need to see a selling over here on on book map Not yet So we're gonna use this level of supply over here 199 as our trailing about 199 and 20 Okay, I'll tell my second buddy. So right now you can see the curl down Okay, so we still making over here lower high on our one minute And we're still riding down over here the price So I'm looking at the trailing before we had this trailing of a huge that risk of it here Now I see in this morning is consolidation. So we're gonna trail this level 199 20 so we're gonna give a little bit wiggle room if we're gonna have another Fail of this 198 and 60 remember I'm gonna get a little bit more short over here so our trader here is asking Jay if we would cover the Traps and liquidity hunts on on trading we can do one time. Yes This is what we're gonna be a little bit more advanced content So I still pushing 1 9 in 20 and that is when you want to decide to trail the partial over here and Take out everything. So you're lucky in your profits and for now you're running because it's bouncing Okay, you see the high volume coming in. So you want to get out before that Eventually pushes to 200 so I like to give always a little bit wiggle room to Give the trade and this is the fifth trade of the day that we're having a win So we short over here cover cover and then over here. This is from the team Okay, I'm not trading over here today, but I have traders with me trading The Academy one is my wife that actually now she went to prepare like something good to eat But it's a it's a good team and we like to trade all together So now we're waiting for another entry But the level of energy that I will be waiting is gonna be probably this 200 So the tape over here is strong. You can see over here The bars and the sellers. I'm gonna filter a little bit more. I'm gonna put over here at 1,999 shares Maybe even 2000 I want to see only the big blocks passing mean with the margin and everything A lot of traders can can buy over here one thousand shares. You need like, you know a very big account and This is the trend line that we were looking at this morning. If you look over here the hourly So that's the trend line break And now we're having this pullback But I still believe we can have more in wine over here to 195 So I'm looking ideally for that 195. It's very good over here We have it because we're looking for those things. So we have to look this with this cross over here Otherwise, we have to look for Yellow and pink, right? Otherwise, we have to look for this zone with this level over here, correct, correct Do me Not in me Oh Let's go back to five minutes Form this inside bar bounce back up And we're getting to the five minutes 90 may which is another level that I often look you can see before we reject it So we could have a rejection over here 200 So right now I'm writing to my team watching for a 200 rejection short and if we have the setup I will alert it So we'll be we'll be watching trade that It's still a little bit early So let's look for this 200 201 area. Okay, this year over here Like to choose also 50 minutes just want to see over here the levels Yeah, this morning we got a pretty good with the trendline break over here and Then you can see traders how this gray line, right? It works simply fantastic over here. So the short swing And then another one and then over here These last two over here swing short swing short and this morning again swing short over here So you don't need really that much And this is what we we teach in the room. Okay First break done over here. So Waiting this over here So for now the 90 may on the five minutes are is working as a rejection But I'm still waiting for every entry Curling down over here. You can see finally we have a lower high All right reform over here a high a second high lower high over here and I'm looking For a potential re-entry short Over here. This is the spot that I'm looking for not yet I may miss it because it's already 1115 and I know that Soon I have to go away But this level over here a breakdown. I'd like to see this curl down over here Selling pressure has to go below 199. That will be my confirmation Breakdown 199 You see the price tends to break a support and then gets back over there by the way traders remember we're gonna have a special seminar in the States This is gonna be in New York three days in April We're also gonna visit the New York Stock Exchange and then in Denver in May for three days live trading We're gonna share with traders How we set our screen how to do the pre-market plan how to manage positions and I will mentor live Every single trader there Individually so it's not gonna be you know this usual lesson where I Talk and you listen is gonna be instead an interactive trading all together so for reach out to the email team at jchair.co Over here. We had another breakdown, but again need to go away soon. So not able to trade this Yes back to 42 35 Let's check also in queue and queue back over here to 40 14 6 0 2 you can see this morning. It was not really hard To trace something like an in queue. I mean this was simply Perfect over here Every single dip to buy Every single dip to buy Simply incredible Nice very nice big strong FOMC day bull move on in queue Generally, it tends to be a little bit choppy today. This was really an expected Okay, let's go back over here to Tesla. Also, let's check meta, which is 307 is still going up And this morning gave another perfect entry So it dipped over here perfect if you have access to options. This is a very big move So Tesla waiting this moment Also over here very good one on Amazon really system killing it today AMD remember up 7% Vhoo. Yes, it has buying liquidity a 198 stack Tesla You can see down here And that is where this morning we had the the soak You're welcome, buddy clock workouts exactly buddy So traders we're getting into lateral side over here unless we go to the 200 I'm not really looking to trade for now Tesla Market was very favorable for us today. I saw some very good setups For who are short on CLLS Just look at again Jalen's how they worked So the fail of it in the morning they gave the longs over here And then they gave the short and then again the short remember always that We need trading small caps these can trap, right? especially What they tend to do often is a fake breakdown and then a fast reclaim So if we're gonna have for example a fake breakdown 220 and right away That's called liquidity hunt and then reclaim it very fast. Look because this can squeeze. Okay. I'm not saying Today we're gonna have this but it's something that I always like to see in midday So it gives me potential long plays over here and This level over here if we have the fast reclaim long with very high volume Okay, all in that case scenario. I will start looking at CLS CLLS long. Okay Again traders if you have questions You can reach out to me team attitude that go I think this was a good Lesson this morning on price section and how to analyze Tesla and small caps Congratulations to the trader that follow us Put a like you can share the link Join the room because it's really one of the best room out there and not because I tell you But you will see yourself and this is my word Tank in the meantime. Have a good weekend and trade safe. Goodbye