 Good morning traders and welcome to the bookmap protrader webinar series today. We have Scott Pulsini And he's gonna go over a live order flow analysis with a stop runs and iceberg setups He has very particular setups. He's looking for for CME futures products I need to go through the risk disclaimer trading futures equities and digital currencies involved substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results a Little bit about Scott. He's been trading for over 20 years And you we've had him on here several times. It's just mostly for those that are new or being introduced to Scott but He was written about in a book by Dr. Brett Steenbarger and Was you know shown here that Responsible for about 10% of the S&P e-mini volumes when the in between the years of 2002 and 2005 Now Scott is focusing on both equities and futures. He's an expert scalper It's an innate ability to quickly read the order flow and volume within price patterns. Okay, just Want to put this into the chat here for you All of the different links here and contact information for Scott if you're interested in reaching out to him He has a website here his email his Twitter. He has a trading room that We trade desk comm There's special offers from Scott for book map here and then here's also he has on our marketplace Scott has offered his Educational course There's actually three or four different or I think three different educational courses that he offers here One in particular is for the stop iceberg tracker. Okay, so anyway, don't worry I will put all of these links into the chat for you guys So you don't have to copy them down. You can you you can click directly from the chat box I'll turn it right over to Scott Thanks Bruce, you hear me? Yes Oh I see emails I see Yes, cool Thanks for having me again and You know, I want to kind of more of an impromptu or hopefully put it on some live trades And I want to talk about the SI indicator kind of clarify some things with it as well Hopefully answer some questions. We're pretty slow today But there's been a couple of good examples of you know, how I use it So get ready to do it So, you know, I've done a few webinars on this so far. So, you know, I'm pretty sure most people know my back history You know, I used to be a huge scalper back in the day try a ton of size and You know, I was in and out all day long You know trading every tick and then computers took over they all goes took over and kind of wiped me out Where I couldn't make money anymore. I literally went from making millions to zero overnight and I spent the next Many many years trying to reinvent my style where you know, I could you know, kind of use my fast processing My gift is you know fast mental processing and I was trying to find a way to you know Utilize that in the marketplace and I just you know I at one time I was one of the fastest in the world clicking the mouse But I wasn't as fast as a computer. So that kind of drove me out of the of the game and Spent years languishing trying to figure out what I was doing and you know how to make money again Not only could I not make millions. I couldn't make a dollar, right? So I literally had to leave the business in about 2013 and going to medical sales Just because I couldn't make money anymore and then Dr. Brad who you mentioned earlier wrote the book of Enhancing trader performance. He put me in that book because he sat behind me for a year and watched me trade and He contacted me about book map and You know told me hey, this is kind of what you used to look at and it's in a different Format and I think it really helped you visually to understand what's going on in the market And then the second I saw it. I'm like, this is it. This is I'm back Like this is exactly what I need to become an elite million dollar trader again Uh, and then it's just gotten better since then, right? So um, the most recent addition is what they call the uh, stop I stop ice indicator si indicator that book map provides. I'll get a little bit into that I mean, that's what basically we're going to be talking about today. Um But that's basically showing you um, and you can see it down here in this graph. It's showing graph. It's showing you Stop runs And icebergs so icebergs are hidden orders that these big houses put in the book That they don't want to put in the I'm sorry. I don't not in the book But they put in they're hidden that they don't want to display visually, right? So, you know, if a big house has 5,000 contracts They need to they want to buy and they need to get that out They can't just throw it in the book they can but the market will these algos are designed to run away from big orders, right? So they have to like secretly put it in and you know, you don't know where these orders are until they start trading into them And this is what this information tells you, right? So this information is derived by um The cme mbo information so you can google this read all about it, but Every other data provider we'll get in on the data providers But this this data is so enhanced where they can tell, you know, the book map um developers can tell Based on the orders and the way the orders come in the book the orders ID order IDs whether their stop runs Which is important. We'll get into that Or ice burrs and things like that. So you can you can understand what's really happening at at your prices Instead of, you know, just trading off of You know, most traders are trading off of this, right? And this is helpful and I'll get a little bit into this and now I you know, how I look at this but You know, when you're just using this you're only getting A fraction of the information that you need to be a successful trader. Yeah You know trading is probabilities and most traders that trade off chart patterns, you know, even the best in the world You know, they can make money, but they're still not getting the entire picture You're not I don't care how good you are at reading charts You're still you still don't have all the information about what's really going on real time, right? I want to know why, you know, for instance, like Um, you know, this is I'll use my little jar right here. So this was like an overnight balance area, right? I want to know why this thing didn't break down, right? I want to know why it didn't continue, right? And when you have real time volume That's going to tell you Why the whys of what happens in the charts, right? It's not enough for me as a trader You know, you hear all the time trading is a probability game And you know, you're only going to be right 50% of the time the top traders in the world only write 50 60 70% of the time 70% is incredible, but Um, and then you just have to accept, you know, so say you play this breakout and it reverses I want to know why it reverses. It's not sufficient for me as a trader mentally to be like, oh, well, you know That's just my trading probabilities. I wait for my next breakout and try that one. That's not enough for me I want to know as much as I can on why this didn't break down or why this didn't continue, right? It's not enough for me just to look at a chart so You know, that's why book map is so important to know One, you know, kind of what's in the book as far as liquidity is concerned meaning liquidity Are these, you know, bright blue orange bands and you can see the algos here playing their games So you can see them putting in pulling put it in pulling Some markets are are more liquid more algo driven the other here's here's a look at gold You think there's some algos in this market and I look at this thing I call this the christmas tree, right? It looks like christmas tree Now you got to remember you are competing against not only the brightest minds in the world You're competing against the brightest minds in the world that develop computer programs that are designed to whipsaw you to death and take your money, right? Retail traders. I am a retail trader now as well are You know that were the food for these algos You got it. You got to realize that and you've got to understand that you know this you need you need Programs like book map and this kind of information down here to to understand what's going on because I can promise you The big funds this quant funds the hedge funds. They all have this information Why do you see you know when you when you see the earnings for goldman sacks? Oh, they made money under 99 out of 200 trading days last year Well, I mean either they're cheating or they've got something that that Most that the the general public does not have right and it's this kind of information So I'm not saying you're cheating. I'm saying they have this kind of information So now this information is readily available for us as retail traders in I'm telling you if you're not if you don't have this information, you don't have all you don't have the picture I'm not saying you can't be a profitable trader, but you don't have you don't have all the information So good luck, you know and most traders, you know, what was the percentage? It's over 90 percent probably over 95 percent of all traders fail Probably because 95 percent of traders just use this right? This this is not enough to succeed in this business in my opinion, right? So when I was A big scalper all I traded off was this order book, right? This is the dome depth of market and that's what I traded off of and I'd watch how orders came into the book And I would I would base my trades off of you know the way the orders came in the book And you know whether and back then it was a lot more real meaning if you saw a 2000 lot on the offer say up here You know if I saw if I'm looking at this and I would see like, you know 2000 And 1500 and first of all the order book used to literally be that thick So if I wanted to sell so say right here, I I'm like, okay. I want to sell and I sell right here I know if I'm wrong. I can turn around and peel out and buy into these orders So I can get out of my position right nowadays you can't do that Um as a big trader because the order book is so fleeting. So even if you see You know 2000 in the order book it comes up here and it turns into a 20 lot, right? And that's not helpful So the whole point is you need a program like bookmap to understand Where this liquidity is what's real what's not real, right? So it takes one second to glance at this and say, okay What liquidity is real in here and what's not this liquidity is real this liquidity has been in here since last night So I've had this running since last night. You can see the time here. I'm on uh, I'm on pacific time This you think this is real versus this I would say right so when Orders sit in the order book for this long They are willing to take it if something happens geopolitical and or you know terrorist attack or whatever They are willing if this market rips through they're willing to get filled that tells you this is real Is this real some of it? Yeah, some of it. No, this is more computers So meaning this liquidity is different than this type of liquidity This liquidity is algal rhythms playing their games and whip sign traders to death This liquidity is real. So my point is this is kind of why I was telling you like in the old days You know where you can see right here You know when this comes down to say if you wanted to be a buyer here Um, you know, you can lean on this that there's real real orders that want to buy down here The other thing that you need to realize I've covered this in many of my webinars is Another reason why bookmap is incredible knowing where this liquidity is these are like magnets for the market Right. This is the big money. The big money wants to get filled down here. Guess what's going to happen? This market will trade down here Probably today if not in the next day or two and that's how these markets work is You know If you're if you're a novice and you just glance at this you're like, oh, wow I want to be a buyer here because look I got I got all this Um, and that's my uh, those are my alerts in my hearing going off. I'll get into that That's one of the exciting things I want to talk about today Um, it's alerts for the s. I indicate I'm going to quickly cover the liquidity of stuff So like I said a novice would say I want to be buying here because I've got all this support down here that That want to buy and it's not gonna it's not going to go through it's actually the opposite if you see liquidity bans That's where the market is is going to go because you know why because the big money is going to make the market go there Eventually trust me and the reason I know that is because this is the game. I used to play right I used to put so, you know It wasn't this far away, but you know, just just for um demonstration purposes I would put like a 2000 lot on the In the order book as a bid right And then I would wait and I wait and I so that I would say I'd start selling here Right, I would sell like a hundred two hundred And I would judge how the market would react to my sellers then I'd sell some more I'd sell some more Now all of a sudden I've got like, you know 1200 es contracts on and I'd see how it's reacting If nothing's happening and no one's really jumping up on buying Then I would step on the gas and I would cause this cascading effect because I would I could trade up to like 3000 contracts at the time and I would cause this This cascading effect where people would see that other traders would see the big big orders coming through as sellers and they start to jump on my my Cotales and sell with me and I would cause this, you know Self-fulfilling sell and then it would just sell and it would sell right into my waiting bit, right? And then I'd be out I'd make 80 grand and Go home and you know go go get some lunch and that's exactly what these these houses are doing Trust me then everything I talk about, you know here and in my indicator I you know Bruce was talking about the s a indicator course that I've made all that stuff It's not hypothetical stuff that is that is stuff that I have that I how I used to trade as a big trader So I know exactly how the big money works because I used to be the big money so um The point is, you know, so you know come in and I would get filled and you know that that's how that's how These guys make money. So this is what's this market will head down here and another another thing I look at Um, you know, because a lot of times the futures don't have this kind of defined liquidity like it does right now. I mean you can I'm almost positive this is going to happen today if not it's going to happen within the next day or two Right, this is going to come down in this area. That is very good information to know So if you're finding areas on the chart where it's failing like for instance, this is a good example of I mean This was overnight. So it's you know, it's not as strong as a day balance area But for this not to break out and go higher and now it's kind of languishing here If we get back below this balance area that built overnight and we start breaking through these zones I'll kind of cover that a little bit. We're going to that liquidity, right? That liquidity was right around here, right? So That's how you kind of use your that's how you kind of judge on how you want to You know develop a thesis on where the market's going So what I was going to get out here is the other thing I look at is The etf volume right to so here. This is just zoomed up. You think there's any algos in these etfs, right? That's why they're very hard to trade minute by minute But when you do something like this, I don't even know if it's in here, but it's been in here for the last five days I mean look at this This is if this is not telling on what's going to happen in the next few days week Look at the volume. Look at the resting volume Again, if you're a novice, you look at you're like, oh, I want to be a buyer man Look at all the support down here. This thing is going up. It's actually the opposite this market And I've shown this in the trade room someone that we trade desk trade room that Is run by the tas guys. I presented their monday wednesday friday, but I talk about this all the time, right? So this is going to get down into this liquidity, right? This was so when nazik was way up here It had the same look here and then it finally traded into it and now here we go again So again, this doesn't mean we're going to turn around And sell off right into this liquidity today. It could happen, right? My point is when you're based in the thesis, you got to you got to know Hey, wait a second. Do I really want to be long here? Long term when I know that all the big money is below here and they want to get filled and they're going to get filled You trust me talk to me in about a week and a week or two And you tell me if this doesn't trade in all this liquidity, right? So again You may be saying well, how is that helpful for me today? you know Unless we get closer to this it may not be helpful for today But the point is you you want to know where the big the large large term bias is right and when I talk about this I indicate your course or I mean now on the setups. It's the same exact thing, right? So yeah, the setups are golden across the board long or short But you know, you don't want to trade anything in a vacuum. You don't want to trade just book mapping about vacuum You don't want to trade the SI indicator in a vacuum. You don't want to trade The the bar charts in a vacuum you want to use or tasks, right? So this is the other thing I use I'll get into this a little bit too You know, this is just basically mini market profile boxes Drawn here, right? So you don't want to use any of this stuff in a vacuum So this kind of shows me where support resistance is based on the current market market trade You know the market volume, right? So I know supports there. I know resistance there This is a 60 minute chart. This is 30. This is 10, right? So I kind of judge, you know, what this starts to break down Then I know in my mind. Hey in the nasa say this was nasa all that liquidity is below and You know, then I look for other things on my bar chart but the point is I use everything in conjunction and then I use my SI indicator information to Take the trade right to In what this SI indicator stuff does as well. We'll get into that now Is the stuff down here. It helps you one know what's happening in real time knowing what the big money is trying to accomplish But it also helps you control your risk, right? So if you get a setup, so if you want to be short So Let me give you an example. Actually, I might have stopped into this trade already I want to get short beans if it cracks I think it was the 97 level and I'm going to show you why I didn't want I want to go over this indicator before I start showing you trades, but I just want to show you right, so This is important And we'll get into this, right? So this is this is the open This was a stop run, right? This was a big stop run. This is almost 800 sell stops Why is this important sell stops buy stops are Mostly if not all retail traders and I call dumb money uninformed traders. Don't be insulted by that I'm a retail trader as well But I mean my dumb meaning they are not as informed or not as informed as the big money, right? We just we don't have the resources. We don't we don't know everything they know and they know That's why they make money 199 into 100 trading days because they know stuff that we don't know That's what you have to realize, right? So that's who we're competing against but I want to know when markets move Is it the dumb money or is it is it big money pushing the market, right? So this move on the open from here to here I'm just showing this quickly and then I'll get in what it is. So this is you know a stop run 800 contracts, right? You would think oh, wow the 800. There's lots of sellers, right? You jump on and then you get screwed part of my language Why'd you get screwed because there was no foul through through this area? It's very important to know now if you're just looking at You know, there's a perfect example Pull it up here All right, here we go, so on two stops Okay, hold on a second. Let's take a look here. This has happened in real time So I may be putting on some trades here while we talk and The market's not agreeing with my explaining everything first and then waiting Waiting for me so then I could put on trades. But anyways, so we got gold stops right here, right? So this is a 200 stop run the biggest of the day, right? This is important This is what you want to know. So if you're looking if you're looking to buy gold right now, this is all live, right? Then you notice how it's going off in all the different markets that means there's big money starting to play out of nowhere, right? One second here Did I just exit out of my gold? Chart I don't know what I did with that gold chart That's not cool All right, so this is this is the big longer term So this is an important zone for where we broke down from I wanted to show you the five minute share because that's that's how I kind of go to the longer term than drill down of the shorter term, but this is an important level. Why is this an important level? Because This is where we had a selling tail that we couldn't get through and move back down Right. This is a balance area now. Now we're trying to break out of this balance area So if you're just trading off a bar chart, you're like, all right, we're breaking out of this balance area Man, I'm getting long You want to know what's going on in the real-time buy, right? So What this is perfect segue what we just saw. So this is a 200 lot stop run which stretched from Basically here so you can see it's spike here, right and I have thresholds What's a lot? What's what's not based on my studies of this and trading it You know every day for the last six months since it's been available I know what's a lot and what's not and that this is part of my course too Where you know, you know over so gold if it's over 150 stops, that's important, right? So this is a perfect example. So if this thing can't So I may short this here one second So this is exactly what I was talking about like in soybeans, right? So if you see the stop run, you want to see this continue You want to see the big money? You don't want to just see the dumb the dumb money the retail trader puke You want to see this hold and then go higher, right? So this has got some things to see see how this came down and hell this This is guys. I'm telling you this is just golden. This is the best thing out there, right? So you can see that's where it started. Look where came down and help now if this gets above here I'm going to be a buyer one because I know that it's it's called. This is called in my course a stop and hold I know this this had a chance to break through it didn't And now it's coming back above so I'm going to actually stop into this so I don't miss it So if this trades above or this peaks, you know, this is the peak and it pulled back But it held just like I showed you there See it held that where it started, right now if a bust through I'm playing the breakout of the balance area that I just showed you and look what's above This is how you use everything in conjunction. Look look at the liquidity above Where do you think we're going? You got some down there as well, but as for right now This is the next. This is my next target. So if we bust out if we break out here I can bring up my five-minute chart and let's do this Change this to five So this is a very important area, right? So this is how I trade and this is how you guys need to trade too, especially guys with the SI indicator You're not using it as a vacuum. You're using it This is a very important area. Why is this an important area? So I showed you the longer term stuff, right? Now this is where this was a balance area That we broke down from right? We tried to get through it here. No dice now. We're back through now You're seeing big size come through. So if we can push a little higher We're gonna get through this and we're going higher, right? If it fails at that stop If that stop run turns into I call a dumb and dumber meaning it's the dumb money that there's no follow-through Now we're probably coming down here, right? So that's how I use this. You know, it's kind of in a nutshell I don't want to get into too much of the technical stuff there Um, all right. So I'm long here Right. So where do I put my stop? This is another reason why this SI It's SI indicator is so incredible. Where do I put my stop? Well, what did I show you? Where did that start? Where did it come down to and test? right Right there. Where does my stop go right there? So this helps me control my risk So if I'm playing a breakout on a chart, right on a on a bar chart And I don't have this information like 95 percent of traders do not have or am I putting my stop? Am I putting it down here? You're gonna have to right because you don't know Okay, is this a breakout? Um, well, I gotta put it work it or I put it. Um, I'll put it down here like under VWAP. Okay. Now you're risking You know 90 ticks on the tricky if you have the SI indicator, you know, you can control your risk You know, hey, this thing needs to go and it needs to go now like it's doing right Where are we out of here? Yeah, so I got in here It needs to go now it should not come back down here, right if it comes down here, then you stop it out Might be good if I put my stop in here Right, so I put it right below there The one thing you do need to know and I talk about this in my course as well is Markets like gold crude euro that are more thinly traded They have a tendency to come, you know, so I showed that area where this started right where the stop run started Right, they'll have a tendency doesn't happen every time But you just got to be cognizant of this, right? It'll come down It'll pop through stop you out and then I'll go then it'll go right So just know so I know in my mind that this comes back down here and stops me out And as long as it doesn't keep going down and it comes right back I'm gonna I'll give it one more chance and I'll put the stop in the exact same spot, right So when I'm putting these trades on I'm risking, you know, in my eyes one one R one unit to make Five three five ten ten times my money, right? So I already know based on what I showed you with this liquidity if I'm right here This market's going to this liquidity band. So that is risking. So I'm basically in close to even I'm risking What's this So I got in here at oh three and I'm risking down eight probably 85, right? So I'm risking what 17 ticks to make 60 That's how you want to trade trying to trade one to one with by hand against these algos It's not going to happen. And even if you do even if you are successful a little bit for day week month Whatever you're going to get grinded down by commission and everything else. So the way you want to trade is risking One to make three one to make five and so I'm not putting on trades unless I see Sufficient volume in my si indicator have sufficient targets where I think it could make it to And then you then you take the trade, right? And again, I'm probably right 50% of the time if that But when I'm right, I make five times my money four times my money. Do you see that's how trading works? It's not it's not that you are accurate 90% of the time nobody has any unless you can write programs and Even then unless you get a commission break, you're still not going to make it into this business, right? So I'm along there. I kind of got a topic I again the markets didn't agree with me to let me explain everything before they before I put on a trade Um, but I'll pause right there. I see if there's any questions and I'll try to cover some of this other stuff Then I want to get to first So I'll keep this up. I'm long there if I could stop. I'll give it one more shot So let's see what happens first any questions so far. Yeah Yeah, so let's see here. Um, and get your questions in for scott Let's see just a moment. I've been answering a bunch of them already Uh, but Uh, do you look at any market internals? Uh, like the vix the d x y their dollar index or you know anything else uh to confirm uh bias Absolutely. So I mean for equities. Yeah, so here's the vix, right? This is the etf I'll keep an eye on that and confirm breakouts and things like that So I don't again. I don't use any of the stuff in a vacuum But I'll I'll look at it and I'll use everything in conjunction, right? So I use this I use my bar charts I use my task I use for equities. I'll take a look at a what's the tick doing NYSE tick most people know what this is, right? This is just the number of stocks up ticking versus down ticking in the s one nyse Which is over 5,000 stocks, right? So if you get big extremes That's telling you something if you get over a thousand stocks that are up ticking Over a thousand stocks down stick down ticking That gives you information as well or you want to see what the what the trend is for the day So you can see this is kind of mixed, you know, we've been more down than up under underneath the zero line than above it Um, but again, I don't trade this in a vacuum. I gotta keep an eye on it, right? Same with the add This is important too. This is the advanced decline line Right where this tells you how many stocks. Let's start from the start of the day here How many stocks? So this was the start of the day are advancing versus declining, right? So we started out extremely negative, right? We had over 2,000 almost 2,000 advanced declines So yesterday it was under 2,000 all day, which has caused that which caused that sell-off So again, you want to know this stuff because this is what drives the indices like, you know, the the futures that yes The MQ this the underlying stocks is what drives the market, right? So I look at this and I want to see Hey, are there divergences? So for instance, meaning you know, if we come up to highs in the es and The add is not making a new high, right? So say the es is You know making this is the es pretend we're making the highs here But then the add is that right here This is a divergence if you if you're making highs in the indexes You want to be making highs in the add too because this is what drives the index So if you're seeing a divergence, that's the reason so do I just blindly sell because of that? No, I use my book map. I use my s indicator But I know on the back of my mind just like I know where the volume is that resting liquidity Um, what you know what I want to do and the other thing I use too So this is a task product as well. This is called the edge. This is telling you How many stocks are above or below their five-minute task boxes, right? So I showed you this earlier right, so let's this is the es so Obviously the es made out of 500 Individual stocks. That's why it's called the s and p 500 right the index This is this is like an example of a five-minute box So this is telling me what the thing I just looked at there is telling me for each individual stocks And it waits them based on the weighting and they have the indexes whether they're above If I'm in a box or below the final box, right? If all the stocks that comprise the index are below That's something you want to know if they're all above. That's also something you want to know, right? Again, I don't trade this in a vacuum. I don't use the edge. I don't use this in a vacuum I want to know Hey Another way you can use this too is you want to know when stuff is extremely oversold So if we get above the 66 point percent line, you want to know because all of these elbows are are based to revert to the mean, right? So Meaning say you're saying we're breaking down and you you pull up this and you're like wait a second We're pretty oversolder. I don't know if I want to jump on the south side right now I don't make for this to pull back a little bit because it always does right so This is how you can use this another way you can use this is this one these when these markets cross Right when you get this edge cross again, I don't want to be too much into this stuff Right now if you know if you guys want to learn about it kind of technique and we can do mentoring and all that other stuff, but This tells me, you know, when you see crosses, right? This a lot of times like this is kind of toppy, but a lot of times you'll see a cross That's a sign that we're going up and then all of a sudden you'll see the market follow, right? So Again, this is a whole other topic, but They answer the question those are the stuff I look at to to trade again. I don't use anything in a vacuum I use that to come up with my thesis on what's happening in the market, right? And then I then I confirm it with my real time buying With book that So, um, yeah, actually, um People are asking for, um, your settings on the si tracker Yeah, so again, I apologize. I wanted to um Let's see here. Did I step into this? Oh, I put on a I put on a small field or trade earlier I'll get into this in a second, but this was what I call broken eyes. You see the big iceberg down here They tried to hold it and it got below. So this was a bias down here I'm probably confusing people because I lost the topic how I wanted to present this. This was 319 Um by experts, right? So you can see the market selling meaning there were market aggressive market sellers hitting the orders running in the Hidden icebergs by icebergs. That's really important information and it went right through it came back. This is this is a typical Set up right here that I talk about this is called broken ice. I talk about in my course They try to hold it up Pushes through comes back retest can't go higher That's yourself. So when I saw that Um, I got into a piece. But my bigger one is down here. Why? Because This area down here when you know, it was initially big sellers Um, I mean a retail puke that didn't hold but now if it comes back down here I want to get short there because now I think it's going to bust through. Why do I think it's going to bust through? Because of my longer term view Here, this is how you use all this stuff in conjunction, right? I'm not using it in a vacuum I'm using it all together. So I know We are in downtrend At least intermediate short term downtrend, right? I know We broke this was a really important zone. This is why this zone is here. We busted up, right? And again, you can If you guys want mentoring, I'm available contact me. I can teach you everything I I know about why I draw these zones and what they mean and everything else But the point is this should have held when we came down here if we were going higher If busted through now, what's happening? Oh, we just built another balance area balance area is two-sided trade Where guys are basically placing their bets what happens when the guys that placed their best long are wrong They have to puke, right? So if we bust out of this to the downside, we're going lower So that is my thesis of what's happening right now So you saw where my real-time order is right? I got in here because of the SI indicator Paper tried to buy big money tried to buy they're wrong You can see where my stop is now. I'm going to stop it even more. That's this is basically being out of this balance area I should I wait that's yes sir This balance area here and I know all this right? So I'm using all this to be and then this is my target down here So if we bust down, uh, this is 997. I had that stop at We're going down to 990 is there's nothing here, right? So that's my target That's actually that so anyway my settings. Yeah, um There's so much to cover on do we have like four hours first? You can go as long as you like is in as far as I'm concerned So again, I mean I even got into the to the voice over shit So one of the I don't even want to say it's a problem because there's no problems with the SI indicator Because it's the most incredible thing I have ever seen in my trading 20 plus years, right? One of the issues I should say was, you know, if you're watching multiple markets, which I highly recommend you do You're not knowing what's firing off in these other markets. Like if I'm staring at soybeans, I don't know that, you know, gold is Um, you know, they fired off in gold unless I'm looking right at it, right? So the developers came up very quickly, you know, I was telling them how important it is and they did it immediately for us they came up with voice alerts where and after you guys have been here and Hasn't been that many which is good So I'm talking but I could put my trigger volume right so like I was telling you before I have certain thresholds that I know when this That's I need to get our fires off If it's if it's worthy of me paying attention or taking a trade off of or not, right? So I know soybeans. I need to see over 150 stop runs And icebergs you can see her right so it will literally yell yell off in a computer voice be nice And it'll also give me a text alert here's the text alerts, right? So again, once you have this going you're going to be getting a lot and you may not hear everything is You know, that's another problem. All you got to do is glance up and say, oh, oh, yeah So here's that cold stop run we saw Since we've been on since that happened. There's an enqueue stop some pee ice and cue ice, right? I haven't gotten into that And it shows you the time so you go back to the chart and say, okay When did that happen? These are huge to to be able to monitor what you're doing. Um, What do I do with those? So my settings are, um So I have this on sliding mode. So there's different modes that you can Use you can use some which sums up the entire day is sliding Which is basically what's inside the window exponential, which is basically I've used I use exponential on my course I'll show you what that looks like I've gone to some, um, I mean the sliding mode because it helps me understand better like let's use Actually, let's use it here so, um It helps me understand my area better than the than exponential because exponential is more of a decay This this shows you the exact area that this fired off in and like I showed you this has helped me place my stop Like I showed you where I put the stop, right? And this is working out too and this is my target, right? So I'm actually gonna even I don't I don't usually put resting orders I want to see how it reacts to this liquidity, but I will put um To there a little bit below and you Again, if you're just trading off this liquidity as a target You got to be aware the algos know this liquidity is up here too So a lot of times will come right to the liquidity and turn around and run away the first time Because the algos know this big money like I was telling you the reason that the that the big money has to use icebergs Because they can't put big orders in the book So what do you think what is going to happen when this comes up here? The algos see this big order in here relative big order They run it away from it, right? Because they know this guy wants to get filled or this also wants to get filled So they try to screw them and make a chase account right then they turn around and whip shot up This is what they do to you guys all day long, right? So um, my point is with liquidity. Yes, it's a magnet But you want to be careful and especially if I'm not I'm on this webinar So I'm not going to be able to be monitoring very closely I go a little bit below if I want to go a little bit below that Um, because I know the algos will front run this liquidity at least the first time, right? So Um, hopefully you guys put on this trade. This is working on so far again. That's gold It can easily go right back down, but Again, I'm not trading off just the chart. I know why the chart is working Why this breakout is going to work because this is what they call a stop and hold, right? It's stop run that held Real money came in behind it and that's why it's propelling upwards and we broke out. Yeah Go ahead. I'm sorry. I'm sorry There's some questions about the setups etc and like why this that and everything I just wanted to mention you're showing everything here You're showing where you're putting the stops where you're putting your targets how you're managing it You also gave the explanation why you're in this trade But why did he come up with this? These are his proprietary He he did the studies. He went back and he back tested and he looked into this and these are some of his setups Okay, if you want more information, it's here on on the Stop his education Right, so this is the course right here book my marketplace is on my website as well So you can go here and this is based on my experience as a big-time scalper knowing What I have five specific setups you can see right here, right? It I have over 50 examples of five different setups that I take I just shown you in the gold this setup is called the stop and hold setup Right, that's one of the five that you get here and what's great about the SI indicator It works in every single futures market. It's not it's not contained just to equities It's the emini and nasa because not just for gold. It's for any any futures market the trades volume It's relevant, right? so I went I went and I studied this over months and months and Based it on my experience as a scalper is a big money scalper at one time And how I used to trade and how I used to think and that's how I came up with these incredible setups And I you know, I've sold a ton of them and many Every person that's gotten it says how incredible it is so And the reason I know that is because I use it to trade like this isn't just me hypothetically saying hey try this This is what I trade off. I mean you're seeing my trade right now, right? I'm in this trade because of one of these setups So the other thing you guys need to know too quickly is Um, so in the book map marketplace, you got to realize so book map alone. So you go to book map Right Now it's great. Sorry Book map is the software, right? It is the the core software that that I'm using right that That's this this is this whole thing. That's book map. You need to get a subscription to book map That's the first first step the next step and then they have you know, you have the pricing If you go to my Bruce put up the if you go to my website Bruce also has links in the room. You get you'll get a discount on on this stuff, right? So you can get global global plus you it's up to you to go in here to read about what all this is as far as what you get You know global global plus For the regular subscription now That is just now you just have the base product that gives you all this information the liquidity Um, you know the order book the ability to trade with your broker through this all that stuff that does not include Yes, I indicated that as a separate add-on. It's called an add-on. That's why it says right here So this is back on the book map marketplace MBO bundle. So again, this is base. This is the CME Um, they are disseminating the CME MBO data in the SI indicator. So that's what I'm showing you, right? So you need this specific add-on see this says add-on right there add on indicators, right? Right there It's not the color I wanted there you go right there, right? So it costs this extra on top of your book map platform, you know, people complain. Oh, man, this is getting too expensive I got to pay for a book map. I got to pay for my other charting software guys If you're trading 134 bucks is like what a point and a half on a mini on a one lot I mean, you know, this is your trading is your business So right if you go out and start a business you have to buy supplies You have to pay workers yet And this is just part of your expenses of your business if you want to be a serious trader If you want to be a half-assed, I just want to screw around trader Then then screw around trade on the charts and you're done If you want to take this seriously and make a living out of it and become a millionaire trader You need this information, right? It's not me selling it And I hate when people you know when I do webinars and people are like, oh, you're selling this stuff Selling book map. I'm not selling anything. I'm telling you what I use and you know, I was a million dollar trader I for I've been a trader for 20 years. I know it works. I know it doesn't work If you want to take my advice, great. If you don't great, I'm not selling you anything I'm telling you what I use to trade and how you can be a profitable you know Self-sustaining trader and do this for a living if you don't believe me then do what you want, right? But don't complain about cost because this is part of doing business If you want all the information you need to pay for the information so This is the mbo bundle then what you need is Which is this is most Mind-boggling thing in the world for me. So we talked about this CME market by order information data, right? Do you know how many you know how many software providers have this data one One software provider provides you the most incredible data that's out there That all the big money uses that you know that disseminates this mbo data themselves One one data provider rhythmic. That's it. So anything else you're using, you know, the trade stations the whatever else is out there The data providers you're not getting you're not even getting full order book information. Like you're not getting real time info Like prices deep prices. You're only getting I think it's like 10 price prices up 10 prices down from the current trade Right. So as far as liquidity in the book and things like that You're not seeing the entire picture with these other with these other data providers So my point is rhythmic is your data provider that you is the one one that provides the The mbo information so you got to subscribe to that as well, right? So There's costs involved for your business, right? So this is all separate book map is one thing The si indicator is another thing That is powered by rhythmic, right? You can't get the mbo information unless you use a rhythmic data feed You can get the rhythm data feed through the book map marketplace. You can get it most brokers I don't know. I don't know if I want to say most but a lot of brokers Will give you the rhythmic data as well. So you can contact your broker say, do you have rhythmic data? Okay, I want to switch to that then you're good to go here You don't need to buy from book map if your broker does not then you can get it through book map and then you need to get the actual Si indicator to add on the thing that I'm showing you that I'm using to trade right So that that's that so that did I explain that Bruce Yeah, absolutely. Absolutely. Just uh, just to understand that there's book map and then there's like the marketplace the the Si tracker is a very specific thing. It's only for cme group instruments So if you're a stock trader if you're a crypto trader if you're trading the urex, you're a dax trader Or ice Exchange This will not work. Okay, so let me interrupt you. So let me interrupt you Bruce So, yes, like ice exactly ice urex. It doesn't work, but it works for every Product under the cme umbrella. So even though there's a nimex. There's a comax right nimex is oil natural gas Comax is gold silver Even though those are technically separate exchanges. Those are all under the cme umbrella So you will get this data for those products the only ones you're not going to get them for are like you said bitcoin You can't get the SA indicator for bitcoin a bit for next stuff that those things and like the euro and Urex and ice other than that every other product and you can see like I say here You know if you look at this here we go Look at all these are all the products that I that that I cover Where's it at here? Actually doesn't say I'm all I thought I had them. Oh, yeah, they are here Right, so all these products I have gone in and I have covered And I know what thresholds are meaningful as far as when the stop runs occur when the icebergs occur, right? You're not just taking every iceberg set up that occurs. So let me give you an example, right? So it's like this stop run right here in gold wasn't relevant to me because it wasn't over 150 right here Right, this was a self stop run. This one was I know this is something to pay attention to because this is a lot of volume This broke my threshold. My throat shows like 150. This was 200 plus. That's why it took the long, right? So Um, that's what is explained in the course as well Not only the setups it gives you the thresholds for each and every market So you know, hey, you know, for instance, like no gold 200 is a lot e-mini s&p Let's see. Let's pull this up real quick. Um 200 is not a lot. So you can see here, you know, 200 is fired off probably 20 times today I need to see over 500. This is 400 right here And that's still not my threshold my threshold in e-mini and I'll even show you my settings for this one is I use 500 for my stops I use 700 for icebergs So if I don't get that if I don't see at least 500 in the stop runs or at least 700 in my icebergs I'm not looking to take a trade, right? I mean, I mean if it's 498 or you know, 678 I'll still potentially take the trade But you see what I'm saying like and then I put these values in as my exact voice alerts So I will get a voice alert right here. You put in you can put in whatever you want. So I could put in s&p stops More on Hey, it's pretty funny. I'll read off whatever you put in here and I'll let you know Hey, pay attention there stops firing off, right? So that's why I wrote out literally s&p because the computer reads it that way You can put whatever you want. I got s&p ice So when I know when a stock run over 500 fires off, it's going to alert me With the voice. I'm sorry. This is text. The voice is right here Right and you can check and uncheck it. It'll say s&p stops as you've heard and then it'll also give me a text alert So this is what the developer just came out with Not too long ago to Help alert you if you're watching multiple markets, right? Even if you're not even if you you get up and you go make a sandwich you got your computer on loud You're going to know. Hey, something's going on. It just said s&p stops. I got to run back in my office to check out what's happening, right? so In the other the way this is really new the voice thing so you can go here I don't know if bruce put this in here, but this is under the knowledge base if you go in here It explains exactly what this is it explains Um, this is really technical stuff. Don't ask me about this stuff. That's developer stuff, but it explains What the types of you know, there's a some exponential reset sliding. Are you sliding again? You can go in here and read all about this yourself Then it talks about the voice alerts and then you down here I mean it gets really technical for your computer geeks or your software geeks. This is all for you and then um down here You can download this into your so say you already have the si indicator Which a lot of people do you don't you didn't even know this is available You got to download it and you can bring it in here and then you can set up alerts. So it'll alert you, you know Voice what's going on in text? It's incredible. It's absolutely incredible. That was the one thing that was lacking in it where because i'm looking at You know, i'm looking at 18 different markets, right? You can see all here So this is the emini then you come over here I'm looking at all these markets and I in my course I have thresholds for all these markets So I know exactly what's a lot in the british pound again, like I was saying A big a big iceberg in british pound Is over 70. I think it is. I don't have my thresholds right from me, but um, this is 95 That's a lot is 95 a lot in the emini s p. Absolutely not Do I want to know when 95 fires off in the s p? Absolutely not do I want to know when it fires off in the british pound? Yes, I do right so you can see here This is actually nice. Look at this. This is Right here This was what I call broken ice so you can see Getting off topic as usual This was a big So and you just heard that that we'll see what that was canadian ice This came down here. They tried to buy there was big cell ice meaning There was big cell ice birds offered that you couldn't see in the order book they were hidden They tried to hold it busted right through That's what I called broken ice so I the big money isn't always right what you want to know the area is important So you want to know if you're looking to get long you're like, hey Paper tried to hold this down. They're wrong. I'm in my stop goes right here. I get in right here Right where this basically broke Right so that this area stretched from here to here Right from here to here and say this was This is what the sliding mode would forge you to know right so it was this area So when I see this bust above here, I know they're wrong I'm getting long there if I again if everything else conforms to my long idea It's not just trading it in a in a vacuum I say this many times you can trade these s I indicator as in the end of vacuum But you need to be able to catch every single one right and you're not going to if you're trading by hand So you got to use bigger context ideas to justify your trades, right? So unless you know how to write programs and then you put your stop below where they where they took their stand They're wrong. So when a lot of times the main setup I look for is when it breaks out of there That's a good trade and then it'll test that area This this happens many times where I'll test the area and then it'll reverse this one tested and went right through Either way, you know, this is an important area. So watch what happened here, right? So you could have gotten a quick, you know, again This is based on what you're seeing longer term if you wanted to get long you could have gotten long You've made a little bit if you're like, no, I want to only be short So I'm going to watch this area if this comes back through here and it can't hold Then I'm going to get short because I know paper took a stand In this area and look what happens it comes right through and then this is this is the area that it busted through Where you could have said, okay, now I got finally got through with this paper took a shot Now I'm going to get short stops up here You can see it retested tested tested and broke down Retested again broke down again It's not always which way the paper is going that you want to join in you want to know the area that had happened Which is relevant. This is a very this is a relevant area Right and you can see once it finally broke that's the area that held held there held there Um, so let's see what happened here. So that's going on So what's happened in the canadian dollar? So I just got an alert that was here 52 So I look for over 50 again 50 is a lot in canade in the cani ice. This is This is paper trying to hold this market down. So you have resting liquidity in the book You have hidden icebergs sell icebergs you have in the blue is is people buying Taking the offer right aggressively taking the offer Well, they're aggressively taking the offer wanted to hit nice birds to an arresting liquidity That's good information. Then what do you do that? Well, what do I do? Then I go over to my TAS stuff and I say, okay, is this area relevant? Is this do I want to consider a short here in in canadian dollar, right? So then I come over here to my canadian Sorry, my computer's a little slow. The test is a zero charts a little slow here Um, and I don't even have the sorry about this. Let's change this real quick You can tell I don't trade canadian dollar very often But I have it up. Um, so while that's loading. What do I do? I go to the bar charts Right, and then I say, okay. What does it look like on the bar charts? Everybody's familiar with bar charts and maybe a nice There's more ice. I'm sure it's cell ice, right? So Cell ice is trying to hold this area down. Is this area an important area? Well, let's see Do I want to be looking long or short long term? I'm probably I suspect last in this this looks like a Some piece ice is firing up too. So you can see how this can get a little crazy um This is a doubt. This is a downtrend, right? Do I want to be looking long? Probably not depends if we're breaking out of a balance area. Maybe the balance area was down here Is do I have a relevant zone right here? Not really? Yeah, I mean if it fails this one This is right where the size is coming in. So if this fails, yeah, I want to probably get short, right? So that's how I use this stuff. Then I glance at I look at my task to say what's going on in the task. So again, these are just mini market profiles Okay, we're breaking out of the 10 Right, this is the 10. This is the 30. This is the 60. Okay. Do I really want to be short here? Let's see Probably not. We're breaking out of a longer term box. We're actually oversold Right, well, I can get in all this with you guys if you contact me or if you purchase task Tell you all this there's also discounts on my site for tasks. Anyway Do I want to get short now? Probably not. I want to look for broken ice because this is breaking out of this This is breaking out of this this is breaking out of this All right, let's look at equities because that's what most people are trading. There's stuff going on here Oh, by the way That's the shocking isn't it? Well, look at this. Look where gold's going. Wow. It's going right to that liquidity How did I know that I must be psychic or or I know where paper wants to get filled So we got our signal here. We took our trade here We knew we took our trade up here when it broke through as a stop and hold is one of my setups We knew where our stop goes because of this you can control your risk Now we have our target. Now I have my order right here What I'm going to do here is I'm just going to because since I'm watching it I want to bring up equities too for you guys so because I know you guys are trading that too obviously um One second. I'm just looking at this nasdaq. This looks like a lot So you have big I just don't want to miss this trade What I usually do here, right? So I'm usually watching this. I want to see how it reacts to this It's quitting. I'm not automatically getting out of liquidity if it's just blue blue bubbles right through it Why would I get out? There's nothing but buyers. I want to see sellers fighting back Which this is what book and that tells you this what the red bubbles are when sellers come in Do you see any red bubbles? I don't see any red bubbles. So why am I going to exit this position? Right at liquidity. Okay, there you go. There's the front run that I was talking about. I'm out of two Got it So you see how I did that right? I knew this was an important level. This was my target Was I getting out immediately when it got here? No, I want to see how the market reacts I didn't see any red. I mean once I expanded it I saw some red, but I had it like this I want to see red come in then I'll then I'll cover because I know there's I know there's algorithms that front run this liquidity Right, so I saw this I'm out. I'm out of half now what I do This is actually you can see this So this is almost threshold. This is this is threshold one. It's just a 146 So again, the threshold for stop runs is 150. This is important. This is another stop run. So this is the way Okay, so we have the original position on now. You can be adding on subsequent setups So this could be a stop and hold as well. I didn't even see this when I got out of this I probably would have got outward started See threshold to see where threshold hit here So the stop run was right here. There actually was more than that was 159 was right about here, right? So started we'll see here. So I could have just this is technically a stop and hold. This is just like the the This is just like the setup we just took to get longer Right, so it should not violate this area if it does And I'm out of my whole position because then this is bearish that this is this is turning into a dumb and dumber What's a dumb and dumber? It's a stop run Right, that's not has stopped run that doesn't follow through we saw the stop and hold earlier that followed through Now you're getting buying retail Puking stop pukes buy stops that there's no money following Big money falling through right and you know the sequiturities here. That's not really good enough to see it's still holding right If this holds and busts through the liquidity, I can add this as a brand new trade Knowing where to put my stop right or again, this is perfect for you guys too You know most guys trail stops to their money right because they don't want to get back their money You don't trail stops to not get back your money your trail stops based on market structure now I'm long I'm still long too here, right now. I can trail my original too long. I can trail that to here Right. Why because there was another SI indicator setup. Is this turning going to stop and bolt? Yes So watch this so I'm long there. I just got I re-entered my position. I probably will add more I want to see how it reacts with this liquidity But I now I can contain I can control my risk this if I'm wrong here big deal Then I lose, you know 26 great if I'm right this might bust through here and run 100, right So again, this affords you having this information Even if you don't add your trade it helps you move your stop to relevant areas This is a relevant area because the stop this is a stop and hold right now So if it comes back and it doesn't hold I'm out It's as simple as that right and the trading is not simple by any means But when you use this the right way, it helps you understand what is going on in the market. You're using a bar chart again What do you what do you see here? Oh, I see we're breaking out. Oh, great. Well, what is that? What does that mean? Where do you put your stop? So you get along right here Right where this is definitely a breakout. This is the whole area. I was telling you about this where we broke down from This where we tested failed now. We got through we built another little balance here. Now we're breaking out Okay, now we're using just charts. Where are you? Where are you putting your stop? Where do you put your stop it? below here here High volume note of this little bound where do you put it you're risking this is, you know This is 60 takes away When you have the SI indicator you can understand where what areas are relevant you say to yourself Okay, this needs this needs to keep going. This should not violate where this stop run started If it does and that's a dumb and dumber it means there's no real money behind it I don't want to be long anymore if this thing cannot Get some real buying behind it a retail stop puke by puke is not real money Unless it you know that continues. So right here you're I may get stopped and I'm fine with it This is my this is my again But you know when you get stopped, you know why you got stopped You're not just hoping in not understanding. Oh, okay. Well, why did that just pull back, right? You know, hey this stop these retail trailers traders, too And it had a chain in the endless so quickly people got filled too. This is another thing I look at This is also this is separate from the SI indicator. I look for you know If this thing is going to go If this thing is going to go it needs to Why is this not drawing here? Because I had the eraser on this way You know these guys the paper got their wish right as usual Now this needs to hold this liquidity needs hold So I got a double reason to get out if this is wrong I'm out right here because this liquid didn't hold this liquid didn't hold Now this is this should go if it doesn't go I'm out if this if this breaks above I'm probably going to add two more Right And I'm using that based on this liquidity Let's see what it does here So you see how you use all this stuff together, right? It's not just the SI indicator It's not just the liquidity. It's just not your bar charts. It's just not tass. I mean look at tass. I already know what it looks like, but tass I'm probably gonna cost myself that trade Here's tass I mean look at this it's all in conjunction guys like this is how do you make money trading? Breaking out of the 60 and we're over sold, right? That's a good sign Breaking out of the 30 We broke out of the 10 Right And I want to get into the confusion guys with more profile stuff, but you see what I'm saying, right? It's not You know When you buy that when you buy the course if you get the course and you learn the setup You're not using the setups in the vacuum. You're using it with what makes sense to you So even if you don't understand what I'm doing in these charts It doesn't matter you have things that make sense to you in your charts, right? Or you probably wouldn't even be on the Twitter so use this information In areas that make sense to you. It's that easy. It's that's it's not easy. It's simple, right? You want to know? Hey, I so say this was a 200 day moving average that you love to trade on or a Band or whatever whatever else that you guys are using when it comes to that area You want to know? Hey, it's the real money. It's the real money playing games here What's paper doing is it rather big slice for are the big buy icebergs? You see what I'm saying? That's why you need book map to complete the picture if you're not using book map You are not completely you don't not have the complete picture. I know I'm not again I'm not selling you anything. I'm just telling you like it is you don't have you may be old You may be a profitable trader. Great. You can be even more profitable if you know what's really going on with the big money Is that is that honestly? Simple we keep saying anything else Bruce I I think I think the the examples Or a lot of the questions are very simply answered by looking at what your activities are right here I mean, it's answering these questions guys. I mean, I'm getting all sorts of questions about all sorts of things that are very Distractive to The education here that that scots providing and the trading that scots providing. I mean, I'm happy to answer them I just think that it's probably better for for all I'll be happy to answer your questions, but I'm going to ask scott more questions about your your questions about You know specific things here in What what he's looking at etc? because We we could just go on and on and on like we've we've covered all these questions all the resources are out there If you're interested So please yeah reach out to us at support at bookmap.com. Happy to answer them for you Okay, I know that there's all sorts of different things if you're new to futures and SI tracker and rhythmic data, etc But as scott is saying, I mean, this is the industry right this is like You know how it is like You want quality data if you don't want quality data And if you don't want these tools Well, then you can go with what you know, the the broker gives you or The free tools that are out there And there there's they're not going to offer you some of the insights that you're getting here With some of these other other tools that that scots presenting. Okay More than insights It's what's happening, you know, so this is a good example on nazi I didn't I didn't take this trade because I was tripping about everything else, but So you saw you see right here, right? So this is a this is a big buy iceberg. What happened here? Let's take a look came up here Market sellers, they're like, oh, I'm going to push this down. No, you're not you're going to run right into a big buy Right. So this is again. This is over threshold. I look for over 120 nasa and then as like this is 186 That's substantial, right? What happened all these guys that thought they were being aggressive and we're going to push this market down What do they run into? They run into a hidden buy iceberg right at this price. What did they do? They're like, oh, it just bumps right off it because they were running the wall of orders, right? This is the wall of orders I'll stop and back look what retested right there. This is the best one of the signals here So this is my techniques, right? It's running into an iceberg the market ran into an iceberg and guys are like, oh This isn't going down. I need to puke out of this position, right? Look at this. I mean, this is this is textbook here Here's the sell iceberg I mean, this is the sell here's the buy iceberg right here moved away came back word retest Retest fails one of my favorite things right? I talk about this in the room in the trade room all the time. We trade this Here it is moves away retest Holds you see the buy and come in you're long your stock goes right there. Boom That that's in a vacuum. That's just using this then what do you see? The way I trade right take the time in was that relevant? Yeah, that's a breakout of This was a balance area This was a little balance area. This was through my zone that I drew longer term stuff And I'm not going to get into that stuff today, but the point is I've never taken that long because this is bullish You look at and again, I do this. This is this is my process, right? This is what I do when I take my trades I don't just trade You don't just trade so you get in the si indicator you get the course You're not just trading the setups in the vacuum unless you can trade every single setup. You want bigger picture thoughts This is the bigger picture, right? This would have gotten me in breakout of the 10 break out of the 30 Break out of the 60. I want to be long break out of the market for the long term market profile Right. I don't want to be getting so my point is if you right now, you know in that area Or even up here, right? So right now if a If a short si indicator one of my short setups fire off, right? So say it was a dumb and dumb, right? So you saw big Huge stop run by stop run, right? And it moves up here and then it fails. Do I want to be getting short? Absolutely not Okay, is it shorts up as I indicated right sure is But bigger picture bigger context tells me I don't want to get short Well, if I'm long, will I peel out of some of my position? Yes, I will I will not turn around and get short though because I just showed you four reasons Why you don't want to be getting short up here, right? So the point is when you guys start using this stuff Don't use it in a vacuum. You need to have the big picture in mind Then you get all your ducks aligned in a row. Then you have an a plus trade, right? So again si indicator is incredible But unless you can use unless you can write programs and take every single setup Which I think you could be profitable if you do that Otherwise most 99.9 percent of us retail traders are clicking mouse So you've got to use bigger picture ideas in your trading and then use the si indicator information to confirm And I didn't get into this liquidity tracker, right? So this liquid this black line All that is is showing you what's in the order book and how the orders are stacking up in the order book So instead of trying to add them all up here what's on the bed? What's on the offer? Um, you can just look right here. This is net net, right? So I know in this area They're trying to hold this down, right? So another thing I want to show you that was telling I'm sure that's probably confusing because I didn't really cover that but You can see here on this move up in the yes. Look look where this thing's been all day long. This this liquidity tracker Since we open, right? So this is again, this has been running since last night So 830 is my open on pacific time This liquidity tracker has been mainly negative and then look as we get up here Yes, it's taking this into consideration that's resting liquidity. So the way so my thanks for the liquidity tracker quickly Again, this is a whole another topic um So it's giving me 10 10 price levels up 10 price levels down What's in the order book and it's graphically representing it here So it's just easy for me to look and say, okay. Hey Are there more bids in the order book than offers or vice versa? It's vice versa There's more offers in the order book. It's under zero. This is the zero line. There's more offers That's important information to know the way you can use this as one, you know, if you start if you get a boat again This is in a vacuum I'm not using this looking at my chart stuff But say you get a bearish a bearish one of my sci indicator setups and then you also know Hey, they're trying to hold this market down by the liquidity in the book Right, that's another reason to go short Another way you can use the liquidity tracker So say it came up here the first time like right now and you saw it's all below zero say say we pull back, right? So we pull back here and then we come up again and then you see this liquidity tracker I'm even gonna I'm so high-tech and actually use the color you see it above zero And we're back up here. That's telling as well. You then you say to yourself. Hmm Whoever's in the order book now wants to buy versus last time This is a divergence, right? This is like a positive difference where you say and then you say you see a an awesome Buy iceberg come in again awesome technology. I have here. You see a buy iceberg. You're like, okay Now I have paper wanting to buy we're back in this area now in the order book is also there's more buyers than sellers And we start to break out. I'm long, right? That's how you can use this stuff. It's incredible guys. I'm telling you It's the best thing I've been saying it since day one, you know There's guys out there trying to refute my ideas and icebergs don't work and blah blah blah I'm telling you in my 20 years of trading being one of the biggest scalpers in the world at one time Knowing how orderful works Bookmap is the most powerful thing I've ever seen and when you add in the si indicator, it's just off the charts Period All right first anything else Yeah, yeah, I mean it's just um If maybe maybe run through some of your setups again like uh, or some of the trade activities just to kind of review or revisit because um, all these We keep we keep on covering now. I mean for several webinars. We've been covering the same content about you know people There's questions about how to operate the software or you know what the deals are etc. How to get it What's required? That's a very specific thing. I just don't want to spend too much time on that We've covered it and you can reach out to us at support And then in terms of like skepticism about it. Look, I mean, this is what he uses and this is the one right here Here, how's it here? Here we go So we showed so this is the other thing it helps you guys with right most traders if you're if you're human being You struggle You're looking at your p&l. You see it go. Oh, yeah, I got it. Yeah. Oh, no. No. Oh crap. Oh wait. Oh, oh no So again This helps you understand what areas are important if this doesn't trade below here I don't care. It could do this for the next four hours. It's like whatever. It doesn't matter Like especially if I'm not seeing anything down here This you guys this is you you don't think the algorithms see the same thing I'm seeing or the same thing that the book map provides They have this information and now you have it right so you can see look look where this thing Just pull back you guys. This is live trading. This isn't me showing you charts of cherry pick ideas. Look at this Look, this is the reason why do you think I put my stop here guys, right? Let me see what's going on the SP here a second. Why do you think I put it right there because this is the This is where this stop run fired off This is where it needed to hold if it was going higher if it broke this It was not going higher right now and then I wait for my next long set up, you know somewhere else My point is look where this stopped. This is not coincidence This is not coincidence Right This is where this stop run came in In this is a stop and hold the stop run came in the dumb money Yeah, it was dumb money at the time But then someone's coming up and keeping it higher right if it came back and flew through here That then it would be a dumb and dumber and I want to get out But you can see, you know, it could do this. This is going to help you guys Mentally not be freaking out on every pullback, you know, yeah, I can get stopped out and that's fine But I'm stopped out for a reason. I'm not stopped out because I don't want to give back my profit I'm stopped out because something that Real market volume real market structure was violated right play your games all day long algos I'm not going to be part of it, you know, it's like I'm not going to panic out of it. That's what they want you to do Why do you think this happens? They know the areas where they can play these games What do you think this is? Look look at this look at this chart. Look at the algos in here What do you what do you think this Christmas tree stuff is? That's them knowing the areas that they can screw around with the retail trader and take your money Don't you think it would behoove you to know where the real important areas are and not be panicked out when they start playing their games That's the whole point of this guys. I mean I don't know how much clearer I can be, right You know, if I could stopped out, it's fine. I gave it a shot. It's just it's not going to go But I got stopped out in an area that's that I know is important that is relevant Not just because they're pushing it back in my face and I don't want to give back $400, right? I hope that makes sense Yeah, I mean and this this is what you study This this is your this is your strategy right exactly so, I mean Because there are questions about like, uh, well, what if you get stopped out? What do you do? I mean, like this is what you studied. This is what you trade and you do it again Right and that's right and that's what the course that's what the setups tell you how to do it What to look for what to look for if you're wrong when you should your re-enter one should you not What's a lot? What's a little versus thresholds? So look at Nasdaq right here Not that I want to go short Because what I just showed you as far as the breakout, but if this first of all until you're right now if this fails See, this is the other thing too, right? You this is important information, right? We just showed how this was a long setup, right? Just literally I just talked about this at the time, right? This area is important. This was a lot. This was a big solid spur or bias spur But this gets back below there. That's telling me something. It doesn't mean you turn around and get short I don't want to get short right here yet yet. I know in my mind. Okay. Wait a second here This thing should have broken out Right, like we were saying why should have broken on early this this is a balance area This was a smaller balance area above my zone should have gone now. I'm like, wait a second here So even if you did get long and you get you get stopped out, okay You have a losing trade now. All of a sudden you have all this information now It's like this thing should hold this right here This is like the high buying note of this this thing should hold and go if this thing busts through here and then bust through this Area This is basically the balance area from the rail trading hours today You want to be short and the other thing in the back of your mind as you know That this iceberg I mean there's going to be more as this thing free falls This iceberg is violated. Let me look at this now look look we're coming back now watch what happens here You want to see if this can get back above this exact area? This is how you use this stuff, right? Not that I want to I'm not getting long. I'm not getting short here I want to see how this reacts. This is the area It violated it now we're retesting if this turns around and fails that is very very important information Not that you're just blindly putting on a short right here But it's telling you hey this didn't hold if it gets back above and then you start seeing some bullish signals And yeah, you can get long but right here. I want to know I want to see how this reacts to where this came in right That that's how that's how I train. So what I mean, this is this is textbook. Let's see how this works. I mean This shouldn't have failed first first of all this thing should have kept going kind of like gold did so we'll see I mean I I think it's going to turn again. I'm not getting short because this still isn't A short set up for me and what I look at right you got we're still bullish right Chart wise we're still bullish Task wise What's going to get me short is if we start to violate those areas? I showed you if we start to a lot of times this will draw a new box Right and we start to violate the new box like this one. See how this one just drew now if this can't get above there You can see here Right if this can't get above this resistance level That's telling we draw a new one can't get above it That's telling and then so I know that from my chart perspective a task perspective And then I also know right because I showed you in the chart and then I know the real-time volume. Hey Do you see guys look at this? This is Again, this is real-time trading. This isn't me cherry picking. This was the area This is where you could have gotten long you look golden, right? You could have put your stop right there. Yeah, if you were long you got stopped out Look what it did when it violated this area Came back retested failed This exact area this you have it if you're using bar charts You don't know any of this you have no idea why this failed What what area this needed to hold for this to remain along right? So if I'm long my stops there right like we talked about getting along this area my stops right there This comes back. You're saying to yourself. Okay. Oh, I'm still good. I'm still good Right. I'm getting out once it blows through here, which it did and then it retested and failed again My point is you're using a bar chart. You don't know any of this You're just like what what what just happened there. Why I thought this was a breakout this was this looks so good like equities always go up and You know, wait, what what happened here, right? Not to say it can't turn around and go up again But you know real time what happened Guys, you have no idea like Literally 99.9 percent of chargers have no idea what's happening in the real-time mind. You have this information You know, hey big iceberg took a stand here Oh, they're wrong blew right through there retested that exact area Now again, it doesn't mean you just you cut short say you say you have something else Say you're trading off the again. I don't have this stuff in my chair because I don't use it But say the 200 day moving average is right here. That's what you use. You're like, okay Hey, that was a failed by iceberg. We retested the 200 day moving. I'm going short Right and you're using the real-time volume to justify You see you see how you use this stuff all together to make incredible trades I Know some these are they're just they're very very helpful Scott It's it's you're showing your strategy. Not only are you showing it and talking about it. I mean, you're you're you're actively trading it and And it's something you studied Your professional trader, you know that not all work out, but this is within what your statistics or your Methods are and and you just you you execute But I'm sorry, well, I mean just and you keep it very very simple too That's what I've always done. Right. I mean, you know, I don't think I'm a Einstein I don't think I'm an idiot either but I know when it comes to Trading you want to keep it as simple as possible as far as what you have on your charts What you're looking at because most traders have so much crap on their charts One's given a bear signal another one's given a bullish signal This one's saying we're range trade like you can't make a decision, right? You want to you want to get your trading down to where you can make clear cut decisive decisions, right? Not that it's always clear cut But when you use, you know only as you know the core things that's going to help just help your brain You know trading is hard enough than confusing yourself, right? When you take a trade you want to have conviction in what you're doing You don't want to be just hoping it works out. You want to be like, okay, I have this I have this aligned I have this align. I have taz aligned. I have my charts aligned my real-time volume is telling me I'm right. Are you going to be right 100% of the time? Absolutely not but when you're right You're going to be making risking one to make five to make 10 to make 20 That's the whole point and you can control your risk with the si indicated, right knowing and the and the liquidity You know and the and the liquidity tracker things like that, right? There's so many other things that could probably be gleaned from this just the liquidity tracker alone, right? I mean, I've done very little my my main research has been on the si the stops and the icebergs Um, and from what I hear bookmap the developers are coming out with some incredible stuff You know, I can't even under I can't even fathom what could be more incredible than they already have So that's exciting as well. So I'm just I mean again. This is what I use to trade And you know if you guys see relevance in it then Great if you don't then you know, good luck to you. I don't that's that's a lot of wine Yeah, I mean, uh, I mean you're you're you're trading your plan. Uh, it's as simple as that So guys, I'm putting the links in here. There's been so many questions about so many different things I'm trying to keep up and trying to answer them all And I really I mean we have scott here Uh an expert trader expert scalper and Like to keep the discussion more online. We've already gone and almost an hour and a half here So we're gonna have to to wrap it up. Uh, I put scott's information contact information Into the chat so you can reach out to him As well Is support at bookmap.com if you have any questions regarding any of the products from bookmap So other than that like I I pretty much answered all of the questions here Uh, is is there anything kind of last? Partying words that you'd like to leave us with scott Um, no, I mean, I just hope it's eye-opening for a lot of traders Like, you know, if you're just using bar charts or just, you know Moving averages stuff like that. You just don't have all the information and that is what it is. I mean, you know It's just that's You want to know what the big money is doing in the markets because they're the ones that drive the markets, right? You want to have an idea what's going on there? You know, I I preach about it all the time and you know, again, I I provide mentoring you can contact me for that stuff You got any questions you can be on my email Um, you go to my site. There's discounts for bookmap. It's just the regular regular software and then also the task products There's all there's I didn't get into the spot gamma stuff. Yeah, I think you had him on the other day I really want to listen to that webinar All this stuff is is um It's basically it's just the uh, what the options dealers where they're hedging with their future So, you know, there's going to be reactions at these levels So you can see like this is support right now, right? So I don't even start to get into this But watch that webinar that it was I think it was on wednesday This is very helpful This is a pretty cheap service that you can add on to the book map Just another incredible thing that book map provides that you can add on and put it in here You can trade off book map. I mean, it's Again, I'm not selling anything guys. I'm telling you like it is So if you think you can do better without it, then you know, good luck to you But again breach out to me mentoring. I showed you guys the si indicator course again I've got nothing but Great reviews on it even even if I didn't I know it works for me So I basically spent a lot of time on this and you know It gives you all the five specific setups that you can use in areas that make sense to you And all those different markets, right? This is you know, it works This is why how you know it it's relevant because it works in every market You just need to know your thresholds and what what to look for and when you get everything in line Then you take a trade you see you can get that again Hopefully you guys understood about you need the si indicator or you need the nbi bundle that gives you s indicator You need to power it by rhythmic. This is all separate from actual book map platform. Yes, it's an extra expense Yes, that's going to make you a lot more money. You know having this information in my opinion. So That's about it Yeah, no lots of thank yous coming in. So again You know, I how many have you done with us now like I don't know half a dozen or more webinars, uh, and Actually eight or nine eight or wow Yeah, I mean kind of we just have to join the book map team here basically, um, but Anyway, uh, thank you very much scott Excellent as always guys lots of things to learn here and Take away to Integrate into your style of trading. This is the way that scott trades. That's why we have these webinars So, uh, yeah, thanks very much scott and we'll do it again Awesome first. Thanks for having me. Um, I hope you guys got something out of it and reach out to me for questions and Good luck trading Okay, take care everybody