 Tesla so Good morning for the YouTube Followers good morning Razor Clodio good morning Vin Mick morning traders. All right, so I Wanted to put out this morning a few concepts and And About the FMC day generally where when I have an FMC day and it's gonna be a two o'clock today I'm not really pushing into any kind of trading with the size. This is because everybody today Expects a move We had over here some forecast about, you know, the 25 points and so on But what I want to do and tell you is that I always wait for 2 p.m. And then prepare for that market So prepare my levels the major stocks that I'm usually trading are Tesla made the Amazon Google Microsoft Nvidia Could be Baba and a few other big caps I like when there's a high liquidity and also like those stocks where I can find options to trade with very low Spread and high liquidity. I cannot trade anything that has a high spread Okay, and that has no liquidity. So you will always see me trading options that are super liquid Over here I post over here some rules More you will find in the trading room But the simple rules that I use for options. First of all, don't bring option to expiration. Generally This is the first is that I tell you Trade option for beginners as you would trade on the line stocks So by call when you're thinking of stock would rise and you are thinking stuck to go down. So you buy puts By option would have low implied volatility. So if you need to stop out, you won't have a bad feel It is like buying on a dip and this is why I never looked to buy Options, let's say on Tesla, which has very good options low risk In the sense that has low spread high liquid so you can get out whenever you want I never look to buy these for example on a Breakout, okay Always look to buy these on a dip could be morning dip could be a pullback dip This because this ensures me the lowest risk possible the morning Morgan We want that I spread so that we can get out without losing too much essentially Sometimes you'll see options, especially the illiquid ones You enter and you will have 2025 right away sense of spread So right away as soon as you enter your like down 25 cents. I don't want to trade those kind of options So you'll never see me trade options that which are illiquid I'm only going to trade option. There are super liquid and again as I said low spread Some traders asked me in the last week From from book about That's me if I could cover a few things about the Delta what I think about the Delta It are those important for me or not. Well, I Believe that you need to know everything about the Delta over here. So Delta Tata gamma we call them Greeks. Okay, and what is the Delta? The Delta is how much premium changes with the move of $1 of the underlying stock So the biggest of Delta the best for our pockets in a sense that you will get paid more Delta 0.81 means that for each $1 move of the underlying stock the option will move 81 cents This is also double swore because in the same way if your stock lose $1 our option lose 81 cents Okay Next one keep always in control the time decay as When a stock is lateral and we are near expiration especially out of the money our option lose more premium price value Which is a higher gamma? So when we're getting closer to expiration of our contract the curve of our premium will start to decline faster Resulting losing more the next thing is if an option call has price of 411 bit and 418 s Which this is a good spread seven cents We want to buy an option with low implied volatility It is much better as we can take advantage of the possible volatility surge with the move of the stock in our favor If we buy a 411 dollar option call means we are spending 411 per than the line one of the shares So a 411 investments If you trade right now, I don't know Tesla Of course Tesla made the Amazon being that had the split in the last years You'll pay option much cheaper than What do you paid before? Some traders prefer like this solar express some traders know Delta instead over here will move from zero to one for calls and zero to minus one for puts The more in the money the higher the delta the more out of the money O.T.M. Sorry, not O.M.T. O.T.M. the lower the delta Gamma so another Greek is how much Delta will move with $1 move on the line stock Tata the last one that we are going to cover right now is how much we lose each day in premium from time decay As you know, I believe that almost everybody knows this When the stock let's say it moves in our favor, okay? let's say this morning we bought over here at the open Tesla and The stock does this, okay? So we'll have our option that let's say and on the line stock gave us 1% of move We'll have our option that maybe goes up like 30% 20% Now where is the difficult part over here? This we can remove Clear this drawing so edit move Edit every move if instead We will have a pullback. Okay with the with the stock The option will suffer much more Versed on the line stock And if the price of the stock, let's say will remain lateral Okay The more we get into expirations. So let's say we trade a weekly option the more the curve of our option will decline So we'll lose more premium Essentially, what is the point is that in a consolidation in a sideways action if you buy let's say Tesla 260 and it stays to 60 of course you have the same price. Okay, that you pay But in the option land is different if the price in two hours stays from 260 to 260 Your option will probably go let's say from 2.11 to 1.80. So it will lose premium Last thing In this I wanted to cover buying option over earnings will put you the risk of buying high employability With a day after we have a dip now. This is true and not only true because There are a lot of traders That Trade Okay, there are a lot of trade that trade lot of options or lot of calls. What are these? Thank you trader. I will put it here volume Okay So what are the lot of calls? Okay, so for who was joined this court? We've been talking the last 10 minutes about options. So the main Greeks Imply volatility time decay if it's good or not to buy options when we have earning and so on We're saying right now that buying options in a sideways action market is Won't pay you And over here by an option over earnings will put you at a high risk of buying a high implied volatility Way that they have to wear them. Then we have a dip. Of course you buy like yesterday Google All right We've got Google had a major gap for the earnings or earnings beat Of course today you will have like, you know a pretty good profit with options but also you have to understand that those type of option that a Lot of traders do like that. There are out of the money and there are like a lot of options really like a lot like You bet your money All right, so there are many ways to treat them Now this morning This morning over here in the meantime our beer came This morning we had a Few movers Yes, thank you. They were pretty lateral Sideways action and I don't really like to trade a lot of side was action So We had few trades per market on that. I prefer to stay away from the side was action We had over here, thank you. You can see that we are sideways and I Believe that the major move will come after 2 p.m. So after that firm see so days like this. I don't simply trade them We had a trade this morning on a queue was essentially break-even We had a trade this morning on ES Over here and was a good game this pre-market short We took over here per market short and then over here to the trade in the room They were trying to trade as I said traders why to treat something like this. We are moving like in five points range there's no direction and We're stuck. So there's no point for me in trading something that is ranging. Okay Now over here, you can see my 50-minute chart and of course, we're gonna dig first on ES and then we're gonna go on the big caps Let's go over here and put our levels Symbol name if you want to see it over here then What I do over here is I put New York in session on electronic trading or not ready to join us I like to have also be here the pre-market after hours I'll just come to for changes if you want Okay So these are some of the levels that I keep on. Yes right now. I Start from a weekly daily For our one hour 15 minutes and so on but this is what I use 15 minutes to see the major Levels that I'm training right now So we had this morning This peak so right now we're gonna put this level here and we had this morning This major dip So this is our range Yes, move from 45 84 to 45 92 Like seven eight points, which is nothing. All right, so we have to wait over here So what I'm going to do for the FMC 10 minutes before the FMC, which is 2 p.m And that was my essentially 8 p.m. I will prepare again my levels. I will see who will look at Tesla. I will look at Nvidia I will look at mate. I will look at Amazon remember also. We have also earnings And then I will look at ES and we're looking in queue I will put my levels and I will prepare my plan Plan that is very simple often. So I will look let's say for a bearish. Okay, so for a bear This kind of plan so we'll look for a fill-in rejection or Second plan will be looking for a test or a breakdown. So a beer trap and Then looking for a major law Same for the other level that we have over here. So I'm preparing my mind to Recognize different scenarios before this happened because very easy, you know to explain or call something that already happened but is I would say Harder and it requires a lot more experience to try to forecast what is going to happen based on what you've been seeing in the last weeks months or years What is an example? This morning we are I'm gonna put over here an example of this. Okay So this morning we were first of all recording a session We were in the room for example looking at a small cab. This is 811 And I stated a ULT 84% fader from a forecast that I made 470 is the level to trade for a series of reasons. Okay Some juice I will leave it some secret sauce. I believe fortress in the room But then we start seeing over here the setup forming You can see one of the trade over here get in a little bit early and then start trading a small size But that's how some traders trade pre-market. It's fine Other traders over here getting the same Setup so short over here the top over on the first seven in came. So we alerted this at 811 Okay, so four minutes before the top and This because we know the setup we want to trade we wait for that Let's say leveling confirmation of different factors for for example level pattern and order flow with book map We take the trade We know exactly what our levels will be for targets and stops and this is how we like to trade Okay, this is just an example from a small trade this morning So after this I moved to you know my say major Stocks One is Tesla this morning We are also Google and I prefer to go review Google with you guys by the way anybody treated this So Google we had earnings last night When I say last night means afternoon traders, okay? 4 p.m. New York time for me is 10 p.m. My time So you can see over here with earnings. I want to first go into a I'm gonna put over here a four-hour chart Okay for our chart. Let's reduce over here the amount of These I don't like these all these okay, and Then we're gonna also cover book map All right, so Greg treated Google. How was buddy? I think you should also chart if I If I remember Was a good profit for you. Okay, I see You lost like one hour on the long, but it took like maybe 10 hour on the short good Good Okay, so let's review a few things the trend over here is bullish How do I know this? Well, just need to look over here. It's a very simple cross everything for the upside. Okay, and I'm gonna explain you also how to use a lot of calls not that you have to do it But it's just like a way that some traders do it for example One of the the mentors that I had smashed a bit He he liked a lot to trade lot of plays, okay lot of calls So here we have the earnings Okay earnings after our 4 p.m. New York time We can see over here that the trend is bullish All right, so we have a bullish trend We have several over here bull flag breakouts And what consists a lot of play so let's say the price over here is 122 at this point. Okay, we're talking about One hour 30 minutes before the option sorry before the end of the day And you know that at 4 o'clock we're gonna have those earnings so simply buying out of the money calls and How we buy them? Well, we have a major previous resistance over here 130 this area here Okay, so this is a major catalyst 130 whole round-dollar number Previous high of course if this will pushed upside that is good level to take profit in That case you buy before so you're gonna buy let's say at 3 p.m. 330 some of your calls and You will look for that, but you have to be able to risk Because either way this can go to the other side The other way is that is what I prefer so what I do is Bind simply done the line stock which for me is less riskier. I can cut them When it's like four zero five four ten four twenty, which is like my ten zero five and ten ten twenty I simply stop out if the trade is not working. I start buying over here my position Before the earnings comes I place my stop at a relative low and I always measure traders what the risk or overall ratio So this is something that you have to do. So if I'm risking for example for my entry over here a Three percent of course I need to look for a potential Return of to our so they here for example, I will be looking for that six percent Okay, so I'm gonna lose one hour over here, and I'm gonna make two Now sometimes you won't have those who are sometimes you'll have three or four or five But sometimes also you're gonna get stopped out, but this is the way I do it when I'm trading that If I'm able also to take a fill when we have the play That's even much better because I can add size To the play that I like So this is exactly what I'll be doing when FOMC today will come out or We have I think I think we have me at the right meta earnings today Yes, meta earnings today at four o'clock. Okay So and after we'll analyze Google using Pokemon, but I think that this explanation about how to look for news how to look for FOMC or earnings is what really interested right now Major level of it here off-demand. Okay a last over here two days from the 24 all the 25th So when we have that this is a five-minute chart, but you can use you know five minutes 10 minutes 15 minutes three minutes, whatever you prefer Once we have over here the open you see this is the open four o'clock. We have a major breakdown So this is flushes all the way down and we see that it holds this demand zone, right? You're not shorting over here because you're not shorting into a level of demand You need to to see a fail and then a rejection Over here. We make a wick to the downside and then right away. We start pushing strong. So this becomes your long entry So if you don't have let's say An entry like we're saying before Plays at three three thirty just before the earnings. This is a very good level. We're to trade. This is super fast So you have to be quick to enter and if this Fails, let's say it pushes through this pie and fails. You have to be ready to stop out very quick What I suggest do some experience Okay, and this means try to retrade it There are you know apps that you can have but try to retrade to become good. These are my best plays Because in about really few minutes 10 50 minutes of work, you can make more than you know in a whole week Of course, remember you have to be quick and this is something that I teach to traders who? Join my mentoring. So sometimes we do these together so that they can practice how to trade ease Now this morning I had a plan over here and I was saying I'll be looking for one or buying dips if we hold this one 29 One 2950 or I'm looking too short if you're gonna have the pre-market eye in a fake out Essentially Google didn't move much look over here. This is Google this morning in In Tesla today, we had the the pattern We explained last time what was a beat pattern over here instead. We had a reverse beat pattern What do I mean by that? So instead of dipping and having Disversal we had a different setup. Let's let's cancel now this over here We had this a different setup we had the first push and then a fail The first thing you have to do when you come to the let's say the open is trace that open level That is your level Where it will really differentiate between demand buyers in control and supply sellers in control And over here we see that the dips that start pushing making our laws right until this point At this point we have a high making a very high and we reject one time second time a big heat map So it's not that it fails and simply dies, but it fails and they still try to push it But at this point and you have to be quick to do this You have to recognize that over here cannot push and we have sellers joining in They're joining in They're trying again to bounce it back up. So buyers over here are coming back But again what we have we have this supply. These are orders limit orders set on the market Okay, they want to get failed at 131 price doesn't even reach there and a star like fading So when you trace your level of relative low relative high relative low This is the point exactly here where you have this breakdown and this is your reversal v pattern or reverse v pattern That is your fail Now all of this is very easy to Understand when something had happened and I understand that But my suggestion is the more you track this the more you recognize this pattern The more you annotate every day your charts the more you Really put time to study your charts the more this pattern will become Familiar to you and you will be able to recognize it in the first time you'll say oh This is a long line over here all dips and then you'll think oh Wait over here. Let's say Greg over here. We're breaking out But then we're failing this previous versus 131 which is also a level of remarketer interest And we're rejecting this 131. So maybe we can have a short so you start thinking like that You know you don't think only we're above the open level. This is gonna push up You know that you have that daily level You know that you have over here a new heatmark form You know that now we are rejecting for a second time that level and I used to you start thinking well It's still like 932 1532 here. I can still have a failing on wine because I know that that's a possibility of being a reversal pattern or You the reversal And it fails So Try to look today tomorrow days after it is after how this pattern work because this is an amazing pattern You don't need to trade all morning This pattern works in the first few minutes when you have earnings when you have news When you have like an open So we always spoke about the v pattern. This is our reversal v pattern or reversal v Try to trade it first, you know test it analyze it and then look really how it works Looking at the chart is simply this. Okay, so this is 930 You see a 930 we have a push Which would be this first push and then what we have this fail over here Where is the key level this? This is your key level which on your chart Is this over here? Any questions traders Let me know if you have any questions If it's clear for everybody We can go on so Greg is saying no tanks. I know buddy, you know the setup, but they're also traders over here that They don't know the setup Okay, okay, let me see over here. So I have over here Vic is asking me a question Can you go over me time? Okay, no to ask if you have a question over here about Google No time T work fine for them. Okay Traders you can write over here if you would like I cover some Stock they asked me right now to go meta because today we have earnings anybody will first of all will trade this Okay Let's start looking at meta. So first of all, I'm gonna put up book map last three hours Meta is one of the best stocks that I can trade. It's going to upload over here Now it really changed the way that meta was trading when it was like what? 3,000 bucks 2,500 bucks before the split and now the price action is different, of course There are traders who prefer meta now there are traders who prefer used to prefer meta when it was like, you know 10 times more than this price Now this is made up this morning Okay, I Want to share with you one thing Yesterday a trader asked me Jay, how do you know? When a level will bounce or not because and I want to I really go over here. What he asked me one second Okay, here we are so the traders asked me Jay How do you know there is any kind of filter that tells you that a heat map will be real or not? And I know what he means Like there's some kind of heat map liquidity From that point you think okay, this is gonna hold for a bounce or rejection or no I won't simply hold. Well, first of all, it really depends From stocks to stock and then I have to answer. No, there's no because sometimes you will see let's say meta with 4550,000 Support that won't hold of course will be a little bit of source shown or maybe a little bit of rejection or balance But it may not hold and sometimes you will see a 5000 that will hold It really depends on how it reacts that price level not really the amount It's not that Tesla has that day 100k resistance on heat map on book map And we know that that is a level that will have a rejection. No doesn't work like that Always wait to see how it reacts. Okay, that's the first thing a Second thing over here and let me put this up traders is In order to have I would say a good vision of what Is going possibly to happen You don't have only to look at book map, but look book map together with certain parameters one daily chart to An hourly chart, which is my way to go a 50 minute chart or a five minute chart Okay, so three out of this daily hourly and 50 minutes or five minutes Then you start looking at these levels over here. For example, I'm pointing out. Let's say This okay, or I'm pointing out this one point out this one point out this look at which levels on your chart respond let's say this is a Major demand zone from weekly chart or daily chart. Okay, of course, this will be interesting next one We're gonna analyze now the price action. So we're gonna stay over here meta This is a weekly chart So remember today we're gonna have earnings Let's go back and check for the major levels of liquidity. Okay, you're gonna help me do this so we have Let's look for the major points from where we have the rejection or a bounce I'm gonna start with the ones near here and The first one that I really like is this This is my first level. Why this level here. Well, very easy We have the major rejection over here So this level worked as a major supply and then it worked like a bounce level So demand so supply over here and then demand over here And you can see again through that it worked over here as supply Now let's look if you have other levels. So where the price Topped right and we have another one over here. There we go This level was another key level of supply around 333 39 So we had a major over here pop over here. We have a major resistance Now let's look if we have any levels below Why I'm putting these levels over here because we're gonna have over here Earnings today and I want to see on the chart What are the main possible levels from where I'm gonna see a bounce or a rejection? Why this level over here Because we can see over here with a rejection rejection rejection over here. We had a a bounce play Exactly this point. Okay, so we have now the major levels on a weekly chart When I check the daily and the daily I think they correspond pretty good We can put another one and This level will be exactly here. There we go Why the level? Well, we have a gap field over here and we have over here the relative high Others are all fine. So perfect levels. Now, let's look and zoom in into daily time and what we have over here Well, first of all, we have an uptrend. So if we look over here the long term We have definitely an uptrend, right? Higher lows in our highs. So in the long term in the medium term We're bullish in the short term over here. We have the pullback a little bit bearish And now where is the major support level this 285 290? Okay, good. Now I go to the hour chart and this is all the process that I want to do before earnings today okay So really study the lesson of today because it's in depth what I'm looking and how I trade earnings second thing over here Hourly chart. I cannot zoom more than this on hourly chart. Now. I want to look over here at hourly and We have still some hours over here to the earnings. So first we have 2 p.m For everyone see but then earning will be a four o'clock. So right now what I'm looking for I'm going to write over here. I'm going to make the place With different colors so that you can understand the first one will be over here a break of this level a fail below and A push over here so bear trap long exactly like this and we're going to put over here plan a okay So we're going to put over here plan a Let's put this small a little bit bigger There we go This is what I'm looking often when we have these these news for data or earnings We can have one breakdown So unwind or we can have a breakdown Right away bear trap reclaim of that pure support It actually trapped the majority of here traders and then pushed upside So the first one that I'm looking over here is a beer trip why I'm looking for a beer trap Because the major trend how is over here Greg? How is a trend guys is a short is a long How is a trend Matt? How is a trend exactly a trend is bullish Exactly so I always like to stay in the direction of main trend first of all But let's say that instead we break this level So we actually fail I'm going to look for I'm going to change color over here. I'm going to look for a fail Ideally a retest of that Demand a right now becoming supply and I will call this the beads So we have two setups over here if it dips and we have a bear trap So over here, we're going to put a and we're going to put that bear trap system or setup and over here we're going to call be the rejection and this is really The main concept of looking if we open over here weak and we have these dips Now if it fails to will which point we're fail This is a major for me demands on over here Okay, because the price had had a rejection Bounce bounce. So this level of it here is my first level if the price will unwind The second one that I'm looking at is here So I'm going to put over here again this TP1 and TP2 Okay, remember we still have some hours. So the levels could change if instead we bounce I'm going to look for this level over here TP1 and then TP2 This is what I'm looking at We're going to put this level here also this There we go and level two we're going to put over here. Okay traders This is what I'm looking for potential Being that we're going to have a bullish move today With the earnings or a bearish So next one for now I'm looking at actually let's look at the price section over here on metha one second. So we're going to go into a 50-minute chart I'm going to screenshot all of this over here for you traders. So we're going to do This Forecast yeah reading about FMC everybody you can see today is Is waiting for a possible 25 point move I don't know but I'm only Preparing both plans both for longer and short and this first of all looking over here at yes and in queue and Looking also at the big caps that we're usually trading Okay So why I say that Because it's better not to have a bias and simply trade what the market is giving us This is really what I prefer to do Okay, let's look right now at Tesla So this morning we are talking about the V pattern First we spoke about the Google and we had a reverse V pattern or reverse V over here instead We had a V pattern so the morning dips and before the 10 minutes clock. So the 940 we have a breakout Again, what can we see here? We see a level of Support that is breach this 262. We have the prize. It makes a double bottom Price starts to jump but at this point we still don't have a confirmation. This will be a reversal, right? It just like Let me zoom in it just like dipping right a Broker here and it came up a broker here came up, but then eventually came down so it can still come down What I'm looking again. Remember is the open level I'm looking for this open level if we reclaim it and Then we're claiming the main relative high. So the supplier to 64 Then the supply area we have a retest becomes a demand and that over here This is the smartest things to do Then over here this becomes your long play So you can enter here Or you can enter here But the confirmation Really where you think is gonna confirm over here on a breakout? Not really On a red to green not really. I mean it finds over here a lot of momentum. That's good But the confirmation will be breaking the supply here Dipping into that supply now becomes a demand and Then push it upside This is really the process that you have to do, okay? This is the process that you will do We will make a screenshot over here and I'm gonna Do this so this for member traders is Tesla The pattern that we talk almost every week is that one of the best stock long Morning pattern and this is what you have to look and look them up Along the way, and then I will ask over here traders along the way You can see that we have a lot of major supply areas this this this this So I've seen traders that often they see this and they scale out at each level Or traders that they simply start Tracing a trend line one here one here one here We'll look at the tie right now and Visually looking over here where you don't see anymore those huge amount of buyers Well, we have buyers over here Look at those dots We have buyers over here. Look at those dots buyers over here, and then over here. We see no more buyers Look, where are these big dots we used to have right? So over here this zone. There's no anymore any kind of big demand And you see over here how many times we have to break a trend line trend line and it's still not backside price over here Is like being pumped again being hold again only over here we have this Distribution pattern rejection and then we start seeing sellers over here at this point Okay, so this is the reason why often traders focus too much on a trend break and I think else, but this is the The zone where simply we don't have any more huge buyers Questions. All right, so let's see over here and expectancy for the forms Rina, which indicator use I will work. Can you tell me? So over here today, I'm not really using too many indicators. It's just like using book map Uh, my strategy is formed by statistical play Based on patterns that I back test and tracked The major point for me is that to learn today the price action This is really and how to read order of flow. This is really what's important That indicators can help you to define this a trend a reversal a bounce play A setup, but right now learn at learn this price action and really the order of flow Let's review the last of a here example And look at this. This is exactly what white book map is useful. Okay, so listen over here guys We have over here what a crack Okay, a fail of a major support You can see this liquidity if it's read over here It means that we had a lot of buyers Place on the in this case on the book We broke this 265 all around on a number So a lot of Twitter will short over here. I don't do that. I don't short on the breakdown I always want to see a rejection. What is a rejection? Rejection is when we break We retest it and this is a rejection. This is over here So my point is that when you see something like this Don't follow the trend. Wait a second wait. We have this pull back here And we start rejecting it. So this becomes your short. Of course, you can still have a stop But a stop will be minimum So you can trade over here using a stop gave a little bit of threshold over here Okay, or like my friend says bust proximity So use this like 20 cents 30 cents maximum of proximity of threshold And then you start looking for short over here the rejection So this is your fail or support rejection play And then you start looking at lower highs lower lows lower highs lower lows lower highs lower lows until you have your target So again, don't short weakness here Wait for the price to break down pull back and short These are the best patterns you can trade I had another one over here this morning, but for the long side remember When we were looking at this So let me Let me over here to clear some stuff remove remove remove Like this is a little bit better So the first level We had this supply from the morning and 30 Okay here This level here Major level of supply So you don't buy essentially On a break of this Okay, you don't want to buy on the break of this Because it's going to be a fake out. So what I like you what I like to do personally Is I wait for a pullback into this demand zone And then I start buying the bounce So this level over here this level over here. So I wait that the price pulls back into this demand area I'm just risking over here 30 cents in this case below the 264 and then I'm taking these dips Over here. We have liquidity over here. This is a big absorption Okay, when the price stalls into level And then I start looking again for those bounce play bounce play That's the way you have to do it. Don't buy on the breakout Wait for the major pullback wait for that bounce play and then take you along All right any question traders, uh, let's see Sorry about for the btc But I believe that the traders for For book map for the bitcoin will go over that Okay Last few minutes if you have questions we can cover them or if you want to look at some stocks Today is only pretty pretty much stocks Okay All right So again traders, uh, if you have question if you need help Reach out to me Or book map You can write me on socials or website jtr.co We have a trading room where we screen share every day live. I have also a mentoring Where I follow traders Both over here into the trading room or also In the trading academy over here in San Marino Uh, so see you again next week. Uh, take care traders and uh, have a good day. Thank you very much