 All right good morning traders and let me just check in here got everything going Okay, if you can hear me and see my screen, please type yes in the hashtag advanced dash webinar chat All right. Thanks 8th trader Catchy name Thanks guys excellent Sam maybe you want to jump in and start re-streaming well, I guess we'll wait until we hit our Max there Okay, and let's see waiting for Scott to come in Scott. Can you hear me? Are you in here? Hey, there you are excellent, okay, so let me let me go through Scott the You know a few slides here Introduction etc and then and then turn it over to you Okay, so this is the book map live trading webinars you guys know we've been doing it the last couple of weeks in here so the You know, it's kind of a lol in the market. Well, I don't know about that necessarily but like it typically is and You know, we thought that well, you know, let's just continue our experiments here and In discord and see and try to offer this for you guys directly in discord I think it'll be better for everybody So we're still kind of working out some of the kinks. We're getting there. It's getting much better So yeah, Scott will be helping be presenting today. He will be taking live trades This is the book map live trading webinar. It's the advanced education you get with your book map subscription So when you subscribe to global plus, this is part of what you get You get access to our educational course goes through Basic market mechanics mechanics and market structure strategies and correlations It's essential to understand these and then we have advanced webinars daily At 10 a.m. And we go through forward-looking analysis of the live markets So you can apply exactly what you learned you can ask questions And then we have two professional traders J trader on Wednesday a stocks trader and Scott futures trader here on Thursdays So you can learn their specific ways of learning Trading order flow their setups their trade management, etc. So it really complete package here for education when you subscribe to global plus All right, so let's get in you guys know who Scott is If you don't look him up, you'll find some really interesting information and I mean that's gotten a very good way so Scott also offers Mentoring services and education. I'll be putting these links into the chat for you. He also offers a trade copier service a Little more on that in a minute because what we're going through now is not a trade copier service at all This is bookmap education And so listen, please closely to these disclosures. So at least, you know, you're get what you're getting involved with here general disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in Simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors and investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Pass performance is not necessarily indicative of future results. I have do I do have one news item for you guys I'll put this into the chat for you This is the recording of the streaming videos for this week. I'm currently uploading J traders It will be in here. I'm gonna put this playlist into the chat for you guys so that You can access it here. Okay, so what? Yeah, there you go Okay, so that's that and let me turn it over to Scott and Let him take it away or Scott. You can just start sharing your screen Yeah, hold on a minute here. I need to stop that and No, I don't see it. Hold on. Sorry Yikes, I'm just all thumbs in here And Scott's screen Yes, got it Okay Yep, I'll all said to go Scott All right. Well, I'm first of all, I'm still sick so I'm going on day nine and I'm I feel it's not one bit better So my room is quite tired hearing about it I've had to cancel like every afternoon webinar the last eight days because I just this is the I don't know what this is this flu, but it's not going away. So Bear with me. I'll hang in as long as I can To there's absolutely nothing going on. I got there has not been one Si volume signal in any market since I started this couple hours ago except for soybean. So we may just end up doing more of a Q&A type of thing if the stuff doesn't pick up But I mean there is literally nothing going on and you can see I mean See on this assign indicator. We haven't got anywhere near threshold for stops or icebergs in any market And then you can see over here Stuff that you want to pay attention to is the like the relative volume and this is just Absolutely pathetic and you were at 40% of normal volume. I mean, I understand it's a holiday week But it's just really bad. So I Wouldn't be expecting much. So if you guys got questions, I can answer those as we get into it, but I Will I will Try to stick on as long as I can before I fall out of my chair. That's what I feel like for nine days now so Speaking of which the only thing that's really gone off today is again soybeans And I just drew these on so this was earlier. You had 161 cell ice. That's this black zone And see these sweeps right here as well And then we had some bias just coming to and this is just there's just nothing I mean, this is I guess it's about 200 So I'm gonna expand the zone and then we'll see how this trades out of here Other than that there has not been one signal anywhere. So you can see I incorporated It's only about a six six six and a half sun zone. I incorporate all of these And then some swipes in here too with the sweeps So we'll wait for an ATR move above out of here above retest failure to go along or short Again, I'm trading a lot of these for the last month in my room I've been trading these setups in the vacuum all completely by themselves not caring where we are on the charts just to show show my room, you know the Simpler you can make your trading the better you're gonna do right and volume is the number one driver of markets And if you understand how to trade these setups You have an edge and then when you can incorporate these setups and important areas on a chart that you've deemed important Then you have a real edge. So but you can just trade these setups alone without even looking at a chart and still be profitable So that's right. You know show my room, but So this is soybeans right here, obviously You're me turn bullish Tried to break down here multiple times. We had this balance here We had this balance here Let's balance here and I kept waiting for the same to go to zero and then we broke out Resets and retest this I live node balance broke out And now we're kind of stuttering inside the high volume out of this prior balance So whatever way this breaks is probably gonna be the next big move Because if it gets above this high-volume over this guy, then it's basically a fail breakdown You know multi-month balance So I expect that but right now you can see we're just in here. So I'm just showing this again I'll take the trade either way here based on the volume, but You know right now this looks shorter term bearish just because we're Breaking down out of this thing So I would prefer to play to the short side it but again, whatever way we break out of that So when I'm gonna play it, but this looks like we may come back and retest these some of these balances down here But this does this and I'll Gladly go on as well. So we'll see or we can just sit in here for the flower, which is very likely It's here in the CS nothing really they really came in with some Sweeps again, this is a new one of the new indicators for you get it. It's not the SI indicator. It's not the CME MBO data, but it's First can tell you more about it but it's sweeps indicator. It basically is just showing you large Volume sweeps in the book, which is you know just as important as These SI indicator setups, right? It's still volume is still volume coming in running people over and you know guys taking positions and someone's caught on the other side So We haven't got in the drawing zones and playing these yet because I still need to go back You know if I'm ever well again this the sickness doesn't last for the next six months I want to go go back and come up with thresholds for these sweep indicators because they're not the same as as Yes, I indicator thresholds. They're way more. I that's not really explainable I agree, but it is what it is, right? For instance, like we'll see NASDAQ there hasn't been any day But I've seen multiple times Actually, I can show you where there's there's been like, you know 1200 sweeps in NASDAQ like if there was 1200 sweeps you told me there's 1200 icebergs or stops in NASDAQ I would fall off my chair, right? So it's like They're not the same as far as the Thresholds and I've got to figure out what they are and that's just gonna go back That's just by going back and replaying the days and you guys can all do the same thing as well trying to see Let me show you guys an example Yeah, I mean like the other day I have a better example in this but you can see it's you know 800 sweeps right here in NASDAQ That's a ton. So I'd be nice for sell DS 123 Tom breaths That's a ton and if that you told me there was 800 ice I'd be like that's crazy So again, we got a fit. I got to figure out what the thresholds are for these But they are gonna be there's gonna be a whole new new avenue of setups It's like this here like I wouldn't even pay attention to this sweep here is 272, but no it didn't Nicely You know you want to see in NASDAQ you want to see at least over five six hundred that I've noticed so far So the way you play these is you know when you just draw the zones like you do with the SI indicator And then when you move away ATR retest fail That's how I'm gonna be playing these in the future, but again, I need to figure out the threshold so Um This is literally the only thing that's firing off the entire morning to 24 cell eyes Another hundred and ninety one by ice This is just set to increase this zone now the zone is You know almost nine cents wide So all I did is basically incorporate all this ice We'll see you know if we can finally get a move out of here And I'm not seeing any more ice come in and I'll stop drawing the zone and I'll play the zone But if the ice keeps coming in you got to keep drawing expanding the zone it sucks, but it is what it is I mean When you see this all the time in ES to it's like we'll get a signal And the market will start moving away, and I'm ready to trade the zone and then more ice will come in And I'll just have to expand the zone so Scott it's just horrible to hear you like this I'm sorry. Sorry that you feel so bad Um, we can we you know we can cut this short or whenever you kind of you know Uh are done with ranting. Maybe that's a good time to stop, but uh, Maybe I can try to get you on some rants. I don't know. Um I don't think we feel better. Yeah. Yeah, I get to get your energy Um, I just wanted to mention in here. Um, sorry to interrupt it. If you guys are having troubles, um Uh accessing scott's stream Both sam and I are Restreaming it in here. So you should be able to Um, also watch it there. And then of course you already have access to the Voice channel in here. So you should be able to hear scott Speak and then uh use the um, You know hashtag advanced dash webinar um Text channel uh to it's right here in the voice channel section To ask questions and whatever. Okay. So, uh, yeah, we'll maybe have to do a little tutorial on all of this, but uh Anyway, that's the the method here. Uh, and scott any questions you have on the sweeps and and stop Or sweeps and absorption indicator. Um, yeah, no no problem If you want to do more like a lesson plan today, uh, whatever you feel comfortable doing Yeah, again, I mean there's nothing going on What I'll do is I'll just go over these markets longer term structure first Like I do we do this in my room every morning because you always want to Even though I'm trading these Been trading for the last month trading these setups in a vacuum. You still want to have a You always want to know what the bigger picture of these markets looks like so you can position yourself You know the right way So I'll go over these markets, uh one by one and Kind of get people just a bigger time frame picture. And then if there's some questions, we'll all answer them The best I can before I fall out of my chair. Um, We'll start with crude There's not a single a single volume setup in here today You can see there's liquidity above and almost guarantee we'll be filling that Again, you newer newer peeps in here You know when you see this liquidity, it's just large orders in the order book, right? It's just visually you can see it here versus there, right? So um You know when you see liquidity that's been in there for a long time that serves as a magnet. So The market will make it there eventually and when you're coming up with your thesis in the morning And which way, you know, the bigger picture in which way you want to try to um design your trades or The direction that you're looking for You know a great way is to look where the liquidity is to and you can see it There's a bunch of liquidity up here at 80. I don't know if we'll get there today, but Um, you can bet that these these two liquidity areas will be filled. So it's just always a good to know Where that is when you're coming up with your thesis for the day So this market's obviously back to being very bullish Um, we caught a lot of this down move wouldn't say happen. This was the next giving covet Omicron, it's nonsense, but It's recover since then you can see we built balance and then we And inside these balances there were you know Are inside this balance, there's always everything's fractal, right? So there were there were balances inside this big balance that at the time we were struggling we Broke down retested i-line node built more balance broke down Try to retest i-line node again broke down and then we finally On this big one. We finally have broken out, right? So all we're doing now is Building balance right here So this this zone right here is going to be really important when we break out of this because this is where the Directional conviction that started this whole down move started, right? So this is a regular trading hours chart So it shows gaps You can see so a gap is the same as directional conviction directional conviction Is you know just sustained movement straight movement, right? So you can see it started here We gap down this day and then we open up this day and it kept going so this is going to be a really really important area Once we get there Where it's either gonna how can you see what's happening the first time or if we get through there Then we're coming back up to this guy here this balance here so We always talk about the areas of balance balances that you want to be looking to trade are the bottom Bottoms of balances or high volume notes. So high volume knows it's just again balance is just to set a trade traders taking bets and high volume note is the Basically this the middle of that area that's where the most trade occurred in that area So markets can come to the bottom and reject Or high volume note reject once we get back above that high volume note, then it's off to the races Which I think is going to happen and There's some sweet gas prices when that happens, but So we're not too far from this now. I mean you want to be very careful just fading A lot of times when markets return to the directional conviction areas That is, you know, that's a great fade trade, but this is a different scenario, right? This is not a We're building balance right below there is what I'm saying So say if we just came right from here all the way up to here, this would be a great fade trade, right? But if you build balance right below there, that's not such a great fade trade Meaning I'm not just going to flat out short this area With a break of this guy, right? Because this is all this is stored energy. This is these are traders placing bets and when they're wrong Whatever whatever side's wrong has to pew can get out So I'd be nice for themselves. He has 200 contracts You don't want to be standing in the way of the puke is what I'm saying So I'll still watch this area very carefully, but just be careful if we do break out of this trying to just short this blindly The best trade will be if this fails and then we do this and get through the side volume note That would be a fail breakout and that's my one of my favorite trades So that's where you short this once it gets to the high volume note of this and then There's really no structure here. This thing could come all the way back. So at least to this high volume note So So anyway, we're just we're in balance and this market's bullish as of right now So it's going on so it means it keeps coming in Different color This today How can you see what's happened It's the first signal of the day in any market besides beans You can see here right so this stop run that just fired off was 241 but 800 sweeps total. So Yes, this is butter. This is the sweeps, but there was another 600 or 500 something that were not stop runs, right? So this isn't ordinary. That's a lot But like I said, do you see the difference in the threshold like my threshold for crude for stops nice is 150 This is 811 like and that's not that out of the ordinary, right? So what that's what I'm saying is be careful playing these sweeps as zones until you can figure out what the Adequate threshold is to be playing on this is definitely threshold But I mean I'd be drawing this zone regardless because of the stop run So that's what I'm going to do right now and then we'll play this zone So what I'm going to do I'm just going to incorporate all of these sweeps because I mean I would normally have my my zone right here that that's the stop run here But you can see there's still some stops here. I mean there's only 63 But this is another 200 sweeps right here. So I'm just going to incorporate this whole area And then I'll play play this area whichever way we break out of this area Is it will be the trade? Again, I prefer it to be long because this market is bullish, but I will play it either way depending So what do we do next? You need to get your five minute ATR average shoe range. We're at 16.6. So I round up 17 ticks So I don't determine what this what set up this is so I have five distinct setups in my SI indicator course And there's going to be even more when I again get the thresholds for these sweeps Um But I'd wait for an ATR Move away from here to determine what this is. So this could be this is a stop run, right? So this could be what we call it dumb and dumber Dumb and dumber is more the dumb money pukes retail trader puke And there's no foul through paper doesn't step in and continue to push it higher So many many times the market just gets the puke and then reverses and goes the other way So that's what we call dumb and dumber or this could hold right here, right sit here And then continue higher and then you know the big money starts to push it higher That's a stop and hold. So we don't know what this is until it gets an ATR out of here So I need to see 17 ticks either way out of this zone to trade it So the zone's at 77 30 the bottom of the zone So I would need to see 77 13 for this to be an official dumb and dumber We need to see this trade there And then what I do I don't you know out of all the markets So the way I've been doing for the last month is trading these zones very conservatively We talk about this all the time how there's no disputing what just happened, right? There's no this is not an art form or it's up for discussion. What this what just happened, right? This was a stop run. There's more sweeps another five six hundred behind it What you can do guys like different trades run over the market Guys that were potentially run over if it kept going or guys that you know took a stand and Dropped in a bunch of buys either way someone's on the other side of the trade, right? So there's no disputing this area. There's a lot of volume, right? So What what is an art is how you trade these zones? So we talk about this all the time you can trade these zones Any way you want you can say, um, you know, I'm I'm bearish today. I want us the minute we break out of the zone I'm going short and I'm just gonna risk right above the zone or the minute we break above I'm gonna get above or I'm gonna go on that's up to you You know as you get better at identifying these and understand how to play them You can play these any way you want the way, you know, watching this over two years of, you know, thousands and thousands of setup I've come up with the best way to trade these are You know The conservative way is the way for the full ATR way for a retest of the area and then when it starts to go back the other way Um, I have a tier three quarter ATR I've now moved it to three quarter because I've been getting screwed on the half ATR Then you get in and then you risk, you know an ATR above that zone Um, so that's that's how I've that's how I traded. That's the conservative entry, right? The problem is if you wait for this, you don't always get it obviously, right? So the whole principle behind that thought process is guys that are caught Run over so you can see the blue bubbles here, right? So that what the black is is just responsive sellers, right? So somebody tried to jump up and buy I mean, of course, I mean obviously some of it was stop runs But the rest of it was somebody jumping up and buying here and someone had to sell them, right? So there were just responsive orders in the order book that got run over or right now They're looking they're sitting pretty, right? They the market didn't move higher So whoever sold these these black dots They're in the driver's seat now So whoever tried to run this run these guys over are wrong, right? So say you're the buyer say you're a big buyer here and you bought all 811 of these And now the market's down here. You're like, um, yeah, that's not working out for me I please come back so I can scratch my trade and this is this is all my setups are based on my experience as a large trader, right? So this is exactly how I would react if I would jump up and be aggressive and the market would do that And I'd be sitting here holding the bag praying that it would come back to my area So I can get out of the trade. I wouldn't even be greedy. I'd just be saying if this comes back All right, at least we're getting some activity. Um, if it comes back then I'll be happy just to scratch my trade, right? So that's the principle behind the retest fail because the guys that are caught when it comes back You know, they'll put their offers in and they'll try to get as many as they can on the retest But if it starts to run away, then they got to go to the market and that's what causes the next wave down, right? So um I know it seems very simplistic, but trust me. That's what's going on in these markets and if you trade that way It makes a lot more sense So we still have not gotten a full atr below here So we'll keep an eye on this So you can see here. This is exactly what I was talking about, right? So we had This is threshold I go like usually around 150 threshold for NASDAQ But you can see these swipes like 266 263 that you know, if that was icebergs or stops I'd be like that's huge but then the swipes are not that that's not that big of a deal But I'm definitely going to draw this stop zone What's great about these sweeps is it really helps you draw this on as well So you can see I incorporated this 157 stop run right there So now come atr. My atr is 20. So I need to see 20 points Move away from this area to figure out what whether it's going to be a dumb and dumber again a dumb money puke Or stop and hold Right, so we'll see if this goes 20 points above and comes back then that's a stop and hold So we'll keep an eye on this I may just draw this swipe into I'm just going to incorporate this swipe even though again I'm not officially trading these swipes on their own, but if they're part of stop runs, I'll Because that's not this that's zone is not that big for NASDAQ. So we're only talking about a eight point zone just Then you just incorporate all this activity, right? You got this sweep. You got this sweep You got the stop run. This was a hundred stops. So this is a good zone As far as now we've got some invested traders in here. So whatever way this breaks is going to be the next Actually a big move. So we'll see how this breaks out of here as well um You can see this thing was just ranging Yes, I size for buy alert at empty 150 contracts looks like it was just ranging right so This market has been struggling at back and when this this occurred these directional conviction areas as these were really really high I guess I size for buy alert at when we're you know at the time when that happened in my room um I was talking about that something had changed As far as the relative volume of these bars were quite large And I said something's changing here and it did lead to a pretty big move down. Of course we We recaptured it like we always do but the point is That doesn't surprise me that we're stalling in this area where these came in before so Once we break out of here, then we're going to go to all time highs obviously this is the all time high but It's as of right now. It's still struggling at this area. So We're basically still inside of this balance. That's just a bigger picture. Look at me. It doesn't matter. I'll trade this I'm taking this trade either way Long or short depending on if we get the atr out of here So again, we're 20 points is the atr. So I got to see 38 75 That'd be 20 points Then I'll wait for a retest then I'll wait for a failure. I'll get into three quarters atr Then I'll put my stop above this. So again You're not always going to get the retest. This is the way I'm trading in this month. Good to show my room Again, you can trade these in a vacuum and just do the same thing every single time, right? So I'm not being you you could say, hey, I think this is a great area to get short Just then you can short right out of here right outside the zone and put you can put your stop right there again How you trade these is up to you But that's not This is not up for for discussion on what this is right? So it's like this is the science The art is how you trade these zones the way I trade them I don't always wait for retest failure. I am this month at the end to show my room, but Those are the highest percentage trades right so but you're gonna there's gonna be times where you have You know, you have a great idea a great thesis and you're like, oh, yeah, I can't wait to short this Okay, I got it I'm gonna wait for a retest and then it just does that and you're just sitting here holding the bag like All right, I guess I'm not gonna I'm not gonna be short today Right, so that's the risk that you take if you if you want to trade these conservatively Yes, your winning percentage will be much higher if you wait for retest failure But you may miss some trades. So you just gotta gotta be aware of that All right, any questions bruce? I need a little break from talking. I feel like I'm gonna pass out Yeah, yeah, sure sure, uh, so um first off, um Boy, I'd like to do like a poll or something in here. I'm getting feedback from some of you Saying this sucks The uh, uh Not your webinar. I'm sorry scott Um That the streaming in here is is bad. It's a bad idea. You prefer to go to webinar So if you guys can can let us know, uh, please that would be really really good Um, it should be working pretty smoothly and and the quality should be really good as well the This the streaming quality and the sound I I think is I'm a bit enhanced, but um, I'm looking for here for your guys feedback And uh, I think once we kind of get this down and get through some of it Um, it would be preferable. I would imagine for you guys And that's what we're trying to do is just make it easier for you guys So then you have it all under one umbrella here. It's in the discord bookmap discord chat And and that's that So, uh, uh, anyway, yeah, let let me know. Um, and uh, oh here thanks sam sam put together like a little straw poll Right there. If you guys please, uh, just give us some feedback on that that'd be really appreciated I I see streaming in that you guys have it's working pretty well for you. So, um All right, so let's get to some of these questions here. Um A da would like to see your, um, uh sweeps, uh, sweatings Um Again, this is not official like I've just I've only been looking at this thing for a couple weeks Yeah, I can I can kind of go go through it with you scott as well So yeah, and I I've not had a chance to go in and figure out what's a lot what's you know, I have a feeling but Um, I just have been literally in bed for nine straight days So I want to go back and re and go back months and figure out what are the ideal thresholds for these sweeps So right now, you know, I just threw in hey, let's try 200 for for cl Or again, so don't use these as within one second is it was very important to say that. Um, so, uh, uh Yeah, so minimum da. I mean what this means here is in it's a it's a very simple thing Within one second, um, show me on a minimum of at least two price levels. Okay Uh, a minimum of 200, uh, transact or um, uh volume or more That's it. Okay. So, uh, if that condition is met, uh, a dot will, um, Or paint, uh, and then you can see you'll see multiple dots in scott's stream So, um, what's what that means is within one second You're getting a ton of trading activity on multiple price levels And that would be if you look at it, it's Highly highly highly likely not only is it a book sweep Um, uh, but there's also a lot of stops within that getting triggered Okay, that's more or less the gist of it So there like scott had said on last webinar, um, you're gonna get, um, uh, you know These all these book sweeps in here. I mean, it could be like a larger player puking It could be them entering, uh, and running it against themselves. Who knows like, uh, doesn't matter Uh, uh, but not all of these are going to be stops in there and typically I I'd love to find out what the percentage is more or less It really varies. Sometimes they a lot of them are stops other times It's like a small percentage of the book sweep, uh, our stops Right here's a perfect example. I mean this is 200 250 to 41 But there was 800 sweeps. So there's another 600 behind this or a little less that we're not stops Right. So exactly again, like we said, it's not it doesn't you guys a lot of guys get so, um, wound up and Try and understand what what someone's doing, right? And they're all like even with the s indicator Well, how do you know what the paper is doing the big one? He's doing they could be Hedging they could be getting out of the position. They could be blah, blah, blah You're never going to know ever so it doesn't matter what they're doing What what matters is there's someone on the other side of the trade The area is what is important. You don't you're wasting your time if you're trying to understand What another trader or house or whatever is trying to accomplish in the market? It doesn't matter and you're never going to know So just know the area and that's why we draw the zones because that's what's important So no matter what happens here No matter what this was I don't care what the reason this guy swept it or this house swept it Or if this was one house or 20 houses, it doesn't matter Someone's on the other side of the trade Somebody is is caught in this area. Once it moves away. Somebody's going to be puking So it moves away this way guys that are short are going to be puking even moves away this way guys that are long are going to be puking That's how you have to view the market. You're never going to know why why guys are doing what they're doing It's just not going to happen. You know the closest that you can ever Even come to that was back in the day. I talk about this all the time You can see counterparty so they did away with that in a hurry But you can see when I first started you can see if I would trade whatever amount of contracts And you know, I'd be just flipping this order book and I'd have it down here. You would see One of these days I'm gonna I gotta I'm gonna show you guys video of me scalping in the old days. You'll love it. It's hysterical But it's not for kids here as I could tell you that Um, but you can see I would drop in like a thousand lot And you would see exactly who you traded the thousand lot with right And then you know it was like a big poker game because most of the time it was like dead like this And you'd just be going against fellow locals like the local is just like a Local trader that you know kind of like at the border trade, you know, they stand in the pit those kind of guys, right Paper comes in, you know these markets maybe 20 percent of the time 30 percent of the time the rest of the time It's just I'll go now it's elbows. But back then it was like all locals So you would see exactly like it would like my house number Or my my um, my clearing house was 023 My nemesis was 990 All right, so You don't even get me started on the stories with this clown, but Um, you know when I would drop in a thousand I'd look I just looked down and I would see 182 were 990. Okay, so that tells me right. That's like, okay This guy is now we're battling right and then I drop another thousand And then I'd see 900 of those thousand were 990 Well, it comes to a point when you're in here every single day and you can see exactly What, you know, who you're trading with I would know when the guy was was loaded up, right? It was like a poker game and then I would so that I you know If it was going in my favor, I dropped some more and then it'd be more 990. I'm like, okay, you're done, dude And I it would be like real quiet. You can this why I'm always talking about guys What you can tell one guy's a whole and they're holding their breath That's where that comes from and I can tell like then the guy wouldn't he'd be silent Right and then it would so say I was selling the whole time So this guy this 990 was long and it would start to drift down And then there'd just be nothing no activity from him and I knew I had him right and I would like Then I would start to My activity I would start to like sell more and more and more just not a ton Just to make it look like the market's really trading and then guys would jump in on my coattails And then he'd just turn around and puke out like 3000, right? And he did he would do the same to me So it's like that was the only way you're you're ever going to know What what somebody is doing in the market and that doesn't exist anymore So that's my point like you're never ever going to know that You know paper caught on real quick that that was not to their benefit to be for people to be able to see what they were doing Um, so they lobbied the CME and the CME got rid of that got rid of that edge But you know, that was the only way you can ever understand know what anyone was doing and it doesn't exist So my point is don't get wrapped up of trying to understand What is trying to be accomplished in here just know that traders are caught right and you know Once again, you can feel the the breath holding is kind of just sitting here Trust me, whatever way this breaks is probably going to be a big move Right because this is by far the most volume that is traded all day long in crude And the same in Aztec Which is sitting here. We still haven't gotten atr below here And either one um atr is shrumping out 18.56 So I'll just keep it at 19 right now. So we need to see 19 points Or 19 yeah 19 points below this. So that's 38 50 39 50 we need to see and we still have not got down down there So I need to see 39 50 Then I'm going to wait for a retest hopefully and then Failure then I'll go short again. It may not retest and then I'll just I'm not taking that right, right? That's the risk that you take if you wait But I can tell you you're going to sell yourself a lot of headache of trying to preemptively jump in Where you're like, you know what? All right. That was a stop run. Okay. They're immediately wrong 520 stops I'm getting in right here, right? You're gonna you it's just again This is just a the higher percentage trade to wait for the retest But you are going to miss some trades if you do that again So we still don't know what's happening there either Here's some that gas stuff. Let's take a look at that gas And there's more questions whenever whenever you're ready Scott. Yeah firework fire away. Okay Well, uh, just to finish up part two of da's question. He's also asking about, uh, The stops and icebergs settings, but uh, I would uh, first ask you on that I mean, no, that's proprietary information and part of your course and we're so tired of Doing that since we've been doing that for months in the past like, uh, I'll leave it up to you. You You have scott's email. Um, if you don't I'm putting it right into the chat right now Da so you can ask him. Yeah Yeah, I get I'm getting emails all the time on that and it's like that's part of my course and you got to remember, you know people A lot of people have bought that course right and they bought the course for the threshold So it's not fair to those people for me to be handing out, you know, there's like 23 different products that are there's thresholds in the course Like it's not fair to those guys that paid for the course If I'm just dishing out that information now, right? So, you know, if you want the thresholds and you want to learn the setups Get the course. Um, I'm trying to come up with a new a new course. Uh, you know, it's probably not going to be for a couple months I'm kind of an update and then I'm going to incorporate the sweeps and everything else But you know, if you want all the thresholds and you want to learn the stuff That the setups instead of trying to piece together just in these webinars, which is highly recommended and just get the course I mean, it's not For relation of what what you make when you trade like it's not it's not that big of a deal It's cost wise in my opinion as far as the value you get from it But and also if you remember my room, you also get a discount for that But you know, those of you keep emailing me for the for the thresholds It's like it's not fair to the people that bought the course. So get the course is what I'm saying All right, what else Bruce? I mean, I'll give you it here. So Be there Bruce I'm sorry. Yeah Yeah, so, I mean, I'll give you the main I'll give you a yes and thank you. Right. So yes, I use 500 And this is not this is pretty common knowledge, right? So I use 500 and 700 icebergs 700 500 for stops NQ I use 150 for both Right So again, my course covers 22 different futures markets and it was just me going and researching all these markets and Literally almost two years later. The the thresholds are pretty much spot on There's a couple that have changed a little bit, but they're all pretty much exactly as how I made when I made the course Okay, what else Bruce? Yeah, let's see David And others are concerned of your health So tell me about it. I gotta you don't you sound yeah, you don't sound well This is actually good. You should ask my room on Monday. I couldn't even I couldn't even talk It's not even the voice like I seriously I sit here for 20 minutes and I I'll have to go I have to go lay down That's all and it's been nine days. I've never in my life have had a sickness I mean, I felt this bad before but not for this prolonged of a period like this is unbelievable And I there's a there's a bad flu virus going around in Arizona Um, like some different type of strain or even if you I wasn't vaccinated, but even if you were vaccinated I guess it doesn't help. It sounds like something else. I put the vaccinations Yes, I I see by alert at ng 151 conference. Yeah, I've just never experienced anything like this I had a doctor call me in some medicine the other day. I thought I was on my way back and it's just Has not done anything for me. So That's brutal. My whole family's got it, but thank you for your concern Yes, I feel I feel work. I feel just as bad as I sound if not worse Nat gas ice for Tyler Let's see, uh, uh, there's a question here about your your profit. Nat gas ice for Tyler 150 ton breath You can see monster huge icebergs coming in That gas I don't I don't trade and ask that gas very often But I've been watching a lot more often lately because it's been had a lot of activity You can see this is a pretty tight zone for all this ice coming in. Look at this 184 contracts A lot that's someone getting really stuffed there Yeah, somebody. Well, sorry. Yes, or someone just puked him out. Yeah So that was let me see that I get that right. No So this is you know, this is the advantage, right? Like you're staring at a bar chart. You have no idea what's going on in this market Well, Scott, you know, I mean that this is a really really great example. Um, uh I Totally agree. I mean like book map is showing you many other details that your candlestick chart or other charts are not going to show But um, you know, and and we have an idea of what it is, but um your expertise and your experience What it what's the story that you see here? Uh in this uh in this, um order flow phenomena As far as this exact instance Yeah Well, it looks to me like someone, you know, someone was selling it like crazy and paper was trying to buy it and then This was either a puke right here or Someone just paper just dropped in another, you know 211 I can't write down. So let's see what this is that wasn't it See this is the problem, right? So I have I just put this that to let's make it three Um So this is a good example, you know, I don't know what just happened there I know paper just came in and I know this is a ton of icebergs for natural gas the threshold for this is like 100 This is 633, right? So this is you know, when you guys start to be like, oh, it's You know paper's always right. I'm gonna buy it. Well right there paper was not right, right? So they try to buy 600 and then someone just came in and swept this thing So but you see how how the sweep disappeared when I changed the uh value I'll put this back to 200 um Oh, you know, I don't really know what happened there I know paper tried to buy it and I don't know if they said Oh, no and puked out some of them or what but this is this is very interesting. So this is a perfect example I mean usually doesn't happen this fast. This thing just dropped 30 30 plus ticks, right? So this is definitely an ATR I'll try to find that chart here in second but on any kind of retest A failure. I'm going short this market because these guys are screwed Right, they try to stop the market right there and they're wrong again I don't know if this was them puking out some of them, but You know, I'm not gonna I'm not gonna incorporate this sweep in in my zone because I want to you know Stay consistent in these zones, but any kind of retest failure I will be short this market because this this paper is not right There whoever was just jumped in there just got crushed Yeah, let's see if I can find the answer Yeah, and and and I mean, I think that's a really good point like I'm kind of I kind of put you on the spot there and asked, you know Due to your experience and expertise like what happened there and you go. Well, I think this but I don't know Um, uh, how nobody does and nobody does Uh, however You know, you you have some ideas Yet what's important here is the event The event has now unfolded now. What happens after the event is the key To you know, how you want to trade this and and and use this as an edge So, uh, I know you talk about that a lot, but um, Anyway, I just wanted to to reiterate or or mention it in here Right exactly the event was the huge icebergs and it usually doesn't happen this fast But it did right. So you just saw that atr Um ATR is 24 24.83. So we'll say 25 25 ticks the top of the zone was The bottom of the zone was 97 So 77 72 was an atr. So we definitely got an atr or an atr below the zone. So now this is an official broken ice This is one of the five setups Right iceberg took a stand broken ice got crushed Right we can call it crushed ice if you want and now we got the atr now I'm looking for a retest failure and I will go short and I'm gonna pull my stop Um, I used to be a full atr above here. I you can make it a half atr Three quarters. I'll go three quarters atr above the zone if I end up getting short And I expect a big move because this is a lot of size So when these guys end up puking this stuff out, it's the you know, that's the energy that causes The big move so We'll watch for a retest there. You can see on crude. We got an atr below here. Now. I'm just waiting for the retest of this zone Like I said, there is a chance that won't retest Crude is the number one market that does retest. So I never ever chase these markets, you know, if it comes back Great, that's what I want. If not, then I miss the straight and I'm gonna move on to the next one So again atr 17 ticks The bottom of the zone was 30 so we needed to see 13 that was the atr right there Right Even further So now I'm hoping we can get a retest failure if not, you know, this is still regardless. This is a dumb and dumber, right You got this the stop run puke No follow through no no the paper. So again paper can see they have developers just like book map and they Can see this stuff and they know, you know if paper wants to really buy they can see hey You know, here's retail puke now. We can just you know step on the gas and continue it higher Well, why didn't they because they're not interested in buying there? That's that was just a puke A stop run puke that didn't get any valve through that's a dumb and dumber, right? So um So again You could have just got in an aft atr And you'd already be you know 40 ticks in the money I'm the way i'm playing these for this month for my room is waiting for retest failure And I may not get it again crude is the number one markets that does the number one market that does the retest so This is what i'm telling you you have to decide And you may you may have come in today so bearish and you're like, you know what all I need to see is something And the minute we get below there i'm in right So that's what you have to decide as a trader now once you learn how to trade these are or identify them How you want to trade them Right because I may miss this short. I mean it may not come back to the zone And it's fine because trust me there's another one right around the corner Maybe not on a day like today because it's the worst trade I've ever seen but most days there's one right around the corner All right, so we're waiting for a retest and both crude and natural gas here Look at this is the one thing you got to understand now. So we've always I've said this is day one We call this the christmas tree Look at this market. This is all this is this algos algorific right The more you see this the more you you can expect this All right, so You know, I'll still trade this but you could just got to be ready This is one of the number number one algo run markets Out there and you can see it right there right when you look at a chart and it looks like a christmas tree You know it's algos city Right, so the point is it doesn't mean you still you don't trade these But you know most traders can't so say this comes back up here everyone's waiting and everyone's mirroring me today Which again, we Advise not mirroring my trading And learning this stuff for yourself But say you didn't mirror and mirror me and I got you I get short and then it does this and then this and then this Well, you've got to expect that to happen because because of this That's what that's what's going to happen and if you know that going into it You're not panicking out of your trades, right? You're not like You know losing your mind on the whip sauce because that you're going to get whip sauce So you is all you got to do is look at your market to know. Okay If I elect to trade this market today, I am fully expecting a whip saw in this market because of this, right The algos run algos are at least 80 of all trade right in this market to probably be nice for themselves He has 200 comp reps probably 90 Right and all you got to do is take one look if it looks like a christmas tree again Just be ready for like a bucking bronco type of trade where you know, you're not getting panicked out That's why you use your atr's and so say this comes back and it retests and it fails and I get short My stop's going to go three quarters of an atr above the zone and then I just let it ride right and It could do this and then come all the way back and then this and then all the way back And I'm not going to do anything until I hit my my profit targets Um, and I'm fully going to expect this because of what I see here. This is all algos I think you were asking something earlier about profit target or something Bruce. What was the question on that? Yeah, there's a few questions on atr and handling your profits and stop losses etc, but Yeah, let me get exactly to the question here. Hold on Okay, when you have set your zones and price is going back to test the zone and it fails And as it gets closer to the three quarters of your atr way to enter the trade Some new ice comes in to meet the criteria of setting a new zone How do you treat this situation? Keep the original zone? Add a new zone or reset the entire zone? Yeah, that happens all the time, right? So I'll draw the new zone and I'll play off that zone. So say So say say this happens here. Say it comes back Say I get short and then say it goes a little lower and all of a sudden I get a brand new setup Right to say this comes in again Same same size Now I'll I will base, you know, I'll just I'll have the original position on but if this So I'll be so I'll be short, right? So if I see some new buy ice come in. Well now I'm going to Just a half atr above this zone. I will be out of the trade, right? Um, because this is a brand new setup So I used to be a full atr, right? But I'm a half atr because look if this if I'm short here If I get short and then something new comes in Okay, and then it breaks above all that's bullish, right? So that's not a opposing signal. I'm not I'm out, right? And So I'll I'll get back in so say for instance because we don't know We have to wait for a full atr to determine what this is, right? But I will get out at a half atr if this comes in after I'm short and I see this I'll get out of a half atr right away the minute it pops a half atr above the zone I'm out and then I'll reassess meaning it could go only a half atr and then get back below here And then I'll look for an atr retest and then I'll just get back in the trade, right? Um So Yeah, you're going to cost yourself from here to From there to get back short again. Um, but It's better than you know, I don't want to why I don't want it. This isn't a opposing setup. So That's probably confusing to you guys. So the way I'm the way I trade these right is I will wait for So I'm short and say just in the vacuum nothing else happens If this ever gets up here, maybe I can show you I'll get short So now I will my first profit target for half my position I'll put on a four lot on this trade half my position I will get out at an hourly atr, right? So you go to your hourly atr You should have this all in mind before you put on your trade So you're not scrambling to figure out so you can see hourly atr is 62 ticks say 63 ticks, right? So From below the zone, right? So I will get out 63 ticks below this, right? So 97 37 34 So my first target would be right around here for a short, right? Remember I'm getting short this this is all in that Then I will hold half of it Until I see an opposing setup like you were just talking one happening here. Well, what if it doesn't happen there? Well, there's been days especially in the last month where I've caught trades Or I'm following this exact system where I do not get out of the other half until I see an opposing setup Right? And it's just such a piece of my way to trade where you're not like, you know, you're not getting out Go where you get this huge move and you're like, oh, it's coming back. Okay. I should get out I don't want to throw away my profit. I don't even I don't even care It's like I got I get out of half at the hourly atr And then I let it ride and you can get two three four hundred tick moves before you get an opposing setup So the minute I see a bullish setup come in and it pops a half atr above there Then I'll be out of the trade, right? That could be 300 ticks away. That could be 30 ticks away from the zone Right. So what I'll do is again if something If that if this comes back and I get short and something comes in right away I'll get out of the trade out of my short and I'll just reassess because technically I still don't know what this is, right? A half atr is not telling me what this is. It still can be a end up as a broken I set up like this one, right? But I don't want to see this go full atr. I don't need to do that. I'll just get out and then there's a there's a way that this turns into broken ice again Say it just only goes a half atr I don't want to see this go full atr. I don't need to do that. I'll just get out and then there's a there's a way that this turns into broken ice again Say it just only goes a half atr. Say it stops me out. I'm out of my short Oh, again, we don't know what this setup is yet And it does this and it goes a full atr And then a retest and a failure. Well, now we know that's broken ice just like this one and I'll just get back in Yeah, I cost myself from getting out to getting back in But I just didn't risk it just flipping up and flying up higher on a bullish setup. See what I'm saying So Does that make sense spruce? Or whoever's asking the question. Yeah, I mean there's a lot a lot of questions around atr. Um, and I You guys may want to reach out to scott And his email. I'll also add to this as well, right? So it's like If I'm so again if this ever does this and I end up getting short And then I get this setup and another one happens and it does this well This is a brand new trade. I'll put out another position and then my stop for both And I'll try all my stop from this one down here and then my stop from this one Will be in the same spots and I'll have two positions and there's ways There's going to be days where you keep getting set up after set up after set up after set up And you can cut this this be a month year making day and that's what you strive for as a trader, right? Your whole goal as a trader is to kind of tread water Make a little little lose a little because that's how markets are it's you're never going to have a consistent income We talk about this all the time, right? Make a little lose a little make a little lose a little and then when you finally catch The trade that that just keeps coming in coming in and you keep adding adding and then you you have like a Outsize month making year making day. That's that's what you're striving for, right? Again, they don't happen that often when when they do You'll have like four or five six of them in a year and that makes your entire year But I will add to this trade if something new if I was you know again I'm short and I see something new and the same thing happens Well, I'll put on a brand new position because this is a whole new setup But I will get out of a half ATR once something new comes in and just reassess That's what the way I do it meaning I don't wait for a full ATR to get out of the trade with an opposing setup I hope that makes sense again Yeah, and and and this is like a technically like, you know, kind of sounds kind of complex I mean, but it's it's really simple in terms of what you're doing conceptually Uh, uh, nothing I do is complex. Trust me, and I it's by design. Yeah, I I've always said from day one. That's why I gravitated towards trading, you know, when I was a scalper I didn't even have charts up. I would stare at this order book all day long and back then it was meaningful and meant something now It's nice for nowadays. It doesn't mean anything right because it all goes but everything I do is very simplistic in trading And that's what I'm trying to show you guys is the simpler you make it the better you're going to do The more complicated you make things As far as lines in your chart and questioning why this is happening, blah, blah, blah the worse you're going to do So nothing I do is is It may sound confusing right now, but watch a couple of these webinars and you'll understand what I'm doing It's not there's nothing complicated about it Okay, so uh, yeah, if you guys don't mind I think we'll kind of move on from uh all the kind of uh Uh technical details on the atr um and you know, maybe reach out to scott or or you know, uh I don't know if you know, you want to follow him in his room And and watch him go through many examples of that To understand his atr strategies But uh, he's been he's been doing the same thing for All of these webinars He's just now applying more kind of a standard to it with atr But it's been the same stuff all the way through Uh, I used to have standards in this market. So I used to be like, you know 10 points So I would wait for the the zone and the and nasdaq and if I move 10 points away, that was my you know, quote unquote atr Um 10 points is a decent, you know, that's a decent way to do it But you know what the more I did this it's just not it's not dynamic It's not adjusting to the volatility of the day. So that's when I started using atr. Probably Probably at the beginning of the year is when I started using atr But I mean like what are the other questions like what would people not understand? Okay, okay, bro And then we'll go through them. Um, uh, do you use one to atr to take profit? I use an hourly atr to to get out of half Okay So I'm using the five minute atr to decide the zones and then I get out of half my position And I hourly atr and then I leave the other half ride until I see an opposing setup Okay um Well, I'm sorry the more specifically is like, what is scott's profit taking one take one atr after you enter the trade So, sorry, that was so after you enter the trade. Are you looking at to take profit at one atr from your entry? No, I get in I'm looking to take profit at one Hourly atr from the bottom of the zone Right, so if I end up getting short this nasdaq trade if it ever comes back Again, this one didn't retest either. Probably will but As that gate right now you can see down there at the bottom right 51.71 And so I'll say 52 points. So I will I go to the bottom of the zone Which is 5850 I go 52 points below there Right, so that'll be 0650 So my first I will get out a half at 0650 So if this comes back retest the zone, I will get out a half at 0650 So I go a full hourly atr from below the bottom of the zone to get out a half And then I hold the other half until I see Something bullish A setup that's bullish which could happen Again, if this does this and I get short that bullish setup could happen right here And then I got to get out or I can go another 400 points before I see a bullish setup, right? So So I'll I'll get out of the full thing. I mean, you know, again, so say this comes up here and I get short Well, I'm looking for a full hourly atr for a half would say something bullish comes in right here And it pops in a half atr above there. I'm out of the full trade, right? So I'm hoping for at least not only atr for half But I may be out of the trade immediately if a bullish setup comes in and something and they do all the time Right, sometimes they don't and sometimes this will go 300 400 points And you're still in the trade and you're not questioning it. You're just like this is my rules And it is awesome. It's just it's such a relief to like, you know, you get out it You have like a standard for the for the for half of them I'm talking about myself and then the other half I'm waiting for an opposing signal that again I've caught three or four Huge moves in this past month just because I just didn't get out until I saw an opposing setup And then just helps you not like panic out every time the algos decide to algo you Because that's what they want you to do Your food for the algos when you do that Right, right Absolutely. I mean makes a pure sense. I mean just just because You're also The order flow shifts it changes is dynamic The equation change. I don't want to use that word. Um, the environment changes and When it does you're reacting to it So, um, yeah, pretty pretty pretty straightforward pretty simple David, I think you just answered this but uh, David was asking, uh, how do you incorporate the atr in determining the rotations? I don't understand that question either. I guess I guess swings. Um, Rotations from top to bottom swings But what do you mean? How do I incorporate it? I don't understand Okay. Um, what David's typing right now, um And let's see anything else Do you take one atr on exits and entries? Yeah, we already answered this Um, okay Okay. Yeah, you know, it looks like he you you answered it. Uh, so we're all set. Uh, we're all we're all caught up I think on on questions here Okay Yeah All right, so again, this still hasn't retested this zone. Um This is natural gas still hasn't gotten back up here. So you know What what we did though This may not get back up here because if you if you look at this This is where these snakes are going to be really important when you dig it They tear them below there and then came right back into the stake area Kind of rejected. So I'm hoping we get back up in a year. I mean, I'm not trading off of this these these sweeps but The more you watch this you can say, hey, you know what? I want to get short this market But I see that someone got swept here anywhere in this in this sweep area And then it moves back out. I want to go short I'm not I don't need to wait and see it come all the way back up to the zone Okay, these are just hypothetical things again I need I need to do a lot more research on the best way to trade these sweeps, but they're it there is There is a reason why this probably stopped right here, right and they get up here because this is right where this Sweep zone happened. Yeah, in fact, um scott zoom into that sweep there because this is kind of interesting Uh, um the way that the the the indicator is set up and what it how is displaying it is it's it's trying to show you the the book sweeps of kind of a singular or atomic event and Yeah, in this case, uh, if you can you can you show also best bid and offer. I don't know if you have that on here Yeah, go up. No, no to tool just to the right or left of your trading, uh, uh, the the plat the um Yeah, that one The padlock icon just to the left of it Click on that And then show best bid and offer. Yeah, okay. So yeah, there's a couple of events in here Um and the sweep this is where like the If you cut down the time on the sweep You're going to get rid of some of these little ones in that seven and stuff kind of in the middle Um, and it might might be better, uh, because right now you have one second, which is quite a bit and um What that does is it will it kind of aggregates two different events in in together put put input like a point one Yeah, let's see what that looks like Okay, so now try to go back and then put in a point five or or something I'm just curious here. We'll we'll we'll get to it. Um the Uh by trial and error here Hmm interesting. All right. So I mean, but the the the concept here is in that retest to that area You were just talking about Makes really good sense because if there's a book sweep, you know, that is one event and it's showing you where that event is um ending And then you can a lot of times we see retest back to those areas where those events took place Precisely back to those areas. So, um Exactly What's that? Exactly, that's that's the whole premise of the zones. It's the same thing Exactly areas that guys that traders got run over That when it comes back to like say for this, you know, I don't think this is a lot for nasaq But again guys that got run over here. You see the cell bubbles, right the white the white Circles are responsive buyers meaning they were just resting in the order book that get run over Well, when it moves away the guys that got run over here are like, oh crap that wasn't supposed to happen This was my orders are supposed to hold this market. You have to you have to view it like that So when it comes back many times to that area And then it fails. So this is the same premise I was telling you guys earlier how the guys that get run over When it gets it goes far enough against them. They're like, okay, that wasn't correct Please come back so I can scratch this trade. I want to I'm long It moves away. Oh, that that didn't work. We just moved 40 points against me. Okay When we come back I'm going to put my offers in and try to get out of these and then if it comes back and starts to run away Then the guys that didn't get filled to scratch their trade then they turn around and they have to start to peek out When they're waiting for it to come back, right? So meaning it doesn't always it doesn't always come back But a lot of guys hold their breath until it does or sometimes it'll just do this And then it'll go far enough and then they'll just have to start to puke because it's not coming back Right. So this is the whole premise of trading, right? And then the zones and everything else This is an area that traders are caught. So if you're long here You and you say you just said, okay, I'm going to buy I'm going to buy I we got a ton on the order book and you get run over Just act like you're the big trader you get run over for 351 contracts here the nasdaq and it goes 30 plus points against you. What do you what are you saying right now? You're like, oh my god, please come back. Please come back. I don't even this is exactly what I used to say I don't even need to make a profit if this comes back to my area I am going to just scratch the trade to break even and I'll move on to my next trade Right. So you sit here and hold your breath. It starts to come back. You're like, okay, thank god And then you see this, right? Then they're like the minute it starts to run away The guys that couldn't get out then they then they go to the market to to exit this position And then you get that next wave down That's the whole premise for all these setups, right? And it works with snakes, too Again, I don't think this is enough Um, it's to play this as a zone Again, I'll know more in the next couple weeks and more research I do But that's the premise guys you have to view the market like that just pretend you're this big trader And you get run over for 350. What are you thinking? And it does that you're like, oh, that wasn't right Um, I kind of wish I didn't buy there Please come back to this area so I can get out of the trade Then it comes back to the area and you try to you try to put some offers in and you get filled on some of them But then the market starts to turn and you're like, okay, I gotta go to market now to get out of these Right, so that's the whole premise of it And you'll be amazed at how many times you see this exact pattern Whether it be the snakes or the zones or anything else. That's the whole idea the retest failure It's just it comes back to the area and guys try to get out and then they have to chase it to They've got to go to the market if they can't get to the other fields So what you're telling me then is if if if these Nicely highlight the zones for you. We don't have to develop the zone tool that you requested Uh, I don't know about that, but that's where I was leading but anyway, I'm sorry about that Now if I can have that then everyone can have my zones. That's what I that's what I'm waiting for you guys to do And then I can have a universal, you know, if I draw a zone whoever has that add on It's the zones automatically drawn on their chart. That would be a gift for everybody I mean, I'd be doing all the work, but and you guys wouldn't have to worry about drawing zones I just automatically appear in your chart Still waiting still waiting Bruce I I put it in we're up to our gills in development at the moment, uh, but Uh, anyway All right, so let's see Get a retest here. Oh, there you go I'm gonna jump in this. I'm pretty sure this is All right, so this is exactly what we talk about. I can't believe how I mean look at this. This this looks like a christmas tree All right, so I probably missed this by a little bit. Um So this is exactly what we talk about guys, right? This is it And you don't chase it you wait Right, here you go. Yeah, this At this actually let's turn this back so we can see the uh, one of these sweeps here Someone swept it right back. Um And then I'm not playing these sweeps. I was playing this monster ice zone That got crushed crushed ice Here's your retest here's your failure So I should have been in so again atr right now is 23.4, so just say 24 points. So 12 points below our ticks. I'm sorry 12 12 ticks below here So I should have my entry should have been at The bottom of the zone was 97. I should have been in um 90 or 85 So I was close. I missed by a couple ticks. So I should have been in an 85. I was doing that 82-ish Okay, so now I'm short This is exactly exactly what I'm talking about, right? There you go. Here's your retest. Here's your failure Now I'm expecting that because of that You also had that And that there's a lot of traders caught in this area So I'm expecting a big move here Now my stop is going to go three quarters of an atr above the zone. So Again atr is 24. So I'm going to go 12 ticks Plus another half. So 18 ticks above this zone. So my stop is going to go At and that's how I tried it So now Again atr the atr 60.89. So I'll say 60 61 ticks from the bottom of this zone So the bottom of the zone is 97 I'm just using the last two digits. So 60 ticks is 37 36 So I come down here to 36 Get a half That's where I'm getting out of half And then I will hold the rest until I see an opposing setup Again if opposing setup comes in right now Again, so say more by ice comes in draw the zone Pops a half atr above there. You can go three quarters. I'm out of the tree Or this can go fill me fill me here and just keep going and going and going And I'm not going to get out of the other half until I see the opposing setup Which could be 300 ticks away But it's just so it's such a comfort to just follow your plan Especially this this mark. I'm telling you right now even if this does go to 300 ticks today Look look at this algo like you are going You're better off not even watching because you will go crazy like watching that Where you know, it's in your favor. You're like, yeah, my piano is awesome. Oh, oh, no It came out like that. Oh there goes in. Oh, no, that's exactly I'm already expecting that with this trade because I know this is one of the number one algo markets out there And all you got to do again is look at your chart. Look at that thing again It looks like a Christmas tree that all that is is algos putting in pulling putting in pulling short that Well and and with these like sweeps that I mean clearly some some massive traders battling each other in there is what it looks like to me, but Right and that's what you want because then that's the fuel somebody's right. Somebody's wrong. That's the fuel for the move Yeah, really really really nice setup scott And again, it doesn't matter There's just so many traders that waste their time Looking at this like wait, what was that? What were they trying to do that? Wait, wait, but then they came back here and they might be buying now And I don't know if do I want to go it doesn't matter. It's the area Somebody's caught when it moves away. That's where you get the big move. This is the fuel. This is the fuel That's the fuel. That's the fuel So whether in this way or this way that's where you get the big moves because guys have to get the hell out of their positions That's all trading is guys And I know it seems simplistic, but I'm telling you that's what you need how you have to view the market Because that's what's going on All right, so we never got a retest of this zone After the atr. This is definitely an atr and as I but we never Still haven't retested it. I'm almost positive that will this market so bullish It will come back, you know um So, you know if I get so there's probably questions. Well, what if something new happens? Well, I play this no because this is the newest volume setup, right? So Something new comes in. I'm not going to play the zone anymore because something new has occurred, right? So but if it just sits here quiet and does nothing if it comes up and retest I still will short it But if something new comes in I'm going to divert to the newest setup So this is actually very odd for for crude not to come back and retest this zone again 90 percent of the time Crude is the number one market to retest I would have bet anything that we got the retest of this zone by now So but again, you could have said wow 811 swipes. Wow stop run dumb and dumber I'm going to jump in half atr. I'm just going to get in right here I'll just remember put my stop right above that zone see if I can catch something Well, if you did that you got 70 tick trading your pocket right now, right? I elected the wafer retest failure. I didn't get it. It sucks But this is how I'm training my point is you had the you have the area How you want to trade the area is up to you There's going to be times where you want to be aggressive. You've seen on these webinars over the last year I have been aggressive out of the zones and there's other I'm playing it differently now because I'm trying to show my room You can just wait you're going to miss trades being being conservative waiting for retest But it's fine. There's always and that's why you want to be watching multiple markets If you guys are pigeonholing yourself into watching the crappy e-mini s and p all day long with nothing else And you deserve to be You know torture there's no reason just to be staring at this clown market I hate this is my most hated market and this is where I made millions of dollars in right you need to have I mean it depends on your bandwidth. I understand some people can't watch You know five markets at a time But all you do is you sit there and you have three four five markets that you that you pay attention to and you Wait for your setups and if you don't get into one or if you miss the trade in one Okay, I missed this one, but I got the one a natural gas, right? Then you move on to them to the next one And you just wait for your setups. It doesn't matter what market you're trading Any futures market is the same exact thing. That's why my course goes over All the set the setups and has thresholds for all the products because it's the same the only thing that changes Are the thresholds meaning, you know, obviously You know 600 is a ton of natural gas you know for this, um That's uh iceberg that we just saw You know sick That's why it's up here. Um You know, this is a absolute ton for natural gas if you saw 600 ice and uh, and yes That's not even that's not even threshold. So that's the only thing that changes is the threshold In the particular market, right other than that guys, it's volume Volume runs the show. So if you understand how to read the volume you can trade any one of these It's This is just and again, some days you're just gonna have confusing markets, right? Like this has just been coming in this buy I sell ice buy I sell ice all day. It's like Don't trade it So if you're just staring at soybeans today, and that's your only market then within your screwed and you got nothing to do You're just like this is confusing me markets aren't always just straightforward So that'd be in the face setups, right? Like this is this is confusing me. Like it's like, okay, um Well, you had all that ice here and then you had more ice here 245 and you could see the swipes and there's more ice here. Am I supposed to make this a 20 point zone? Oh 20 cent zone All right, so it's like some days the markets just aren't making sense Move on. So I'm not trading that market today. I don't like the way that's So this this is not dead yet. I still think we're gonna retest this crude zone, but We'll see Any other questions Bruce? I'm definitely running out of gas Yeah, yeah, you've almost been going an hour and a half now Sam has some questions here Asking some of the snakes will be traders taking profits too, right? Or some short exits not just long entries, correct? Yeah, but there's all if you see a sweep there's someone someone's getting out someone's getting swept Right, there's always someone on the other side of the trade. So that's what I'm saying Don't confuse yourself try and understand What people are trying to do what it is. What was this? I was this this was a this was a buy sweep here There's responsive sellers while the sellers want they want to get short So I don't know what I want to do here the buyer. It doesn't matter. It's the area Somebody swept somebody got swept somebody swept somebody got swept. It's the area Some traders are placing bets and when one of them is wrong, they have to puke That's that's what trading is Sounds like a bar crawl Um, but don't don't get too caught up in the snakes. They're my comp snakes the sweeps you out again I you know, they're definitely very very powerful, but you just got to make sure you Know your thresholds with these things. Let's see if we get filled on this before you get off here But it's it's definitely, you know, they're definitely important But the main driver of my trading is still the SI indicator Right This was a beautiful trade. Scott really really nice I'm not out of it yet. Don't be jinxing me Bruce. Oh, sorry. Sorry. Uh, this trade sucks Well, no, but this is this is exactly what I'm talking about, right? So You know, most traders are like, oh, well, you know what this is close enough I don't I don't want to see this thing go like this in this market out of any markets This can easily come straight back and that feel me right now. True, right? So I'm The only way I would move this this stop is if the atr Shrinks or expands, right? So just And then I just leave it in I'm not, you know, I'm not going to let the algo screw with my head I I have my rules 62.54 So 63 ticks So when I say this was 97 97 37 34 So actually I can make this I can even go further because it it expanded Most traders are doing the opposite right most traders are like being tortured if you guys got short on this How many of you guys are like covering right here because you don't want to see it do that? Right And I already know there's a very good chance it does that it is not going to fill me right this second Right. Yeah, I would love for it to swipe down and fill me But there's a good chance this comes all the way back and if it does it does right these are algos and I will That's just what's probably going to happen But I follow my rules I will get filled and I'm going to hold on to half until I see an opposing setup I'm telling you if you have rules like that, then you're not questioning Every move and you're not panicking out and you're like, oh no, wait. Oh god. I almost had that It just now it's 10 ticks against me again. I I don't want to see this disappear That's why most traders don't make money and never catch big moves because they're just They let the algos screw with their head Yeah, it's not fight this does this and comes all the way back here. That's not fun I know it's not fun But you've got to be consistent and you got to sit here and have your rules And I know some of you are probably like, well, I don't know if my rules are correct And that's that's true right unless you unless you're a seasoned trader You know you you can have rules up the ying ying You don't know if that's actually an edge or what this we should be doing That's why at least to start you should probably follow my rules because of the experience I have right and be like and then you can tweak them as you go But you can write off the bat. I'm giving you the template Get in your trades hold half for an hourly atr and get out of the other half when you see an opposing setup Your mind you will be shocked and how clear your mind will be or you're not being tortured in these markets, right See this this is exactly what I was expecting from the straight and it doesn't bother me You know, yeah, I don't want to see this all disappear, but You've got to know if your market is algo run which most of them are It's going to come real close and then they're going to screw with you Then you get out and then it does that and you're like damn it man I should so just don't do that just leave your order in there Because if you're consistent you're going to be filled enough where the times that you decided to panic out This is going to well outweigh the profit you make by being patient It's going to well outweigh the money you cost yourself jumping in and out of trades because of this these alos screw them with you Hopefully that makes sense All right, is there anything else No, I just got a retake for this, uh, hasec No, I think uh, we've we've kind of digressed into Uh bar crawl movies and trying to define it but uh with David, but that's a whole nother subject. Um No Scott, I mean, uh, no other questions were all caught up there. Uh, Looking at the NASDAQ you're looking at it again here. That was also requested by jinn And uh, yeah, that's uh, that's it. So, uh, Uh, you know, if you uh, it's been out over an hour and a half. So, um, whenever you like Scott, um, go take a rest, please Yeah, I'm uh Definitely struggling. Um, all right. So again, if nothing happens here in crude So if nothing new comes in I will still play the retest failure this one Uh, NASDAQ same that got pretty close there Again, I'm not even worried about this. This will retest but something new might come in this but if it comes up here retest fails I'll get short there. Um, and then I'll probably be algoed in this, uh So this is what I'm talking about like how many guys right there on this on this algo pop Like picked out and now it's all coming back. You're like, oh damn it. What I just cost myself, right? So it's just like just follow your rules All right. All right, Bruce. Yeah, great stuff scott. Thank you so much. Um, and uh, happy new year to you and your family uh, and best of health take care of yourself and uh Yeah, we'll we'll do it again. Uh, uh In uh 2022 Yep, thanks for having me next time. Um, I know a lot of stuff today I was probably not very clear just because I feel like I'm gonna I had spinning but um, hopefully you guys got the gist of it and again, you gotta remember this is really bad trade today too. So um, you know, we only had a couple setups, but Uh, you know other than that you guys I got the trade room. It's in the discord as well. You guys can come in there I do this twice a day Um, that's about it. But yeah, I'll happy new year Bruce and I'll see you guys next year Yeah, yeah, thank you so much scott. Uh, and uh, uh, yeah, we'll let no no webinar tomorrow um, and uh You know, we'll just uh, we'll wrap it up here for the for the year right now Uh, and and you will see you guys uh come Tuesday. Uh, I believe. All right, so we'll take it from there Thanks everybody. Thanks again scott get well and uh, we'll catch up with you next week Thanks Bruce. Yeah. Bye