 Good morning, everybody. Can you hear me and see my screen here if you can just type yes Okay, excellent. Thanks guys All right, welcome to the live trading webinar here at book map with scoppelsini futures trader I do this every Thursday 10 a.m. And It's live analysis and his way of trading I get insight to a professional here He's been trading for over 20 years And large large size things that we will never probably in one day trade as much as he used to trade Back in the day. So and learn about his trade management as well. So you guys know who Scott is if not Well, I can put that into the chat. He does offer education and mentoring services I'll put this into the chat over time so that you guys can see it And I've got to go through some disclosures and then we'll turn it right over to Scott General disclosure all book map 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 By trading executed in simulation cannot accurately represent realistic trading performance So know what you're getting involved in here with it is not a trade cop your room at all It is for education only risk disclosure trading futures equities and digital currencies involves a central risk of loss And is not suitable for all investors an investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing once financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading past performance is not necessarily indicative of future results So the gem here is we get to peek over Scott's shoulder as he is trading these markets Scott are you there? Alright, excellent. So yeah, go for it. And let's let's go on here if you want to share your screen Did you call into a tin can first? What I said did you fall into a tin can? Oh, okay. Yeah, I've been okay. I'm sorry about that I actually can fix that. I've been having a lot of problems with my headset But I'll plug in here once we get you up and running and I'll fix that. So sorry about that All right Got my screen Yeah, and then I am going to rebroadcast it here. Hold on a minute Okay, all right, we're all set Scott It's obviously crazy markets headlines I'm getting feedback Bruce. I don't know if that's you or what Okay, yeah, I was I was just short here a little bit ago there was a Stop and hold the area seems close to 150 here you can see the the sweeps 761 was part of that. Actually, this was more than that. It was 150 and then there was another you can see here It was to I have my That's like indicator set on reset So this one was 105 and then 171 so 171 I'm almost threshold, but you've got almost 300 here and that's that's these two swipe sweeps that you see here with the white bubbles That's the zone. I took this short aggressively out of here because as you guys know, we've been using the lugs extensively as they are Pretty incredible, especially when you can tie them in real-time buy-on So we are below the yellow Plug at the time and any any setups I get below the they call this the directional thing This is the directional line So anything below yellow, I will place short aggressively above yellow above yellow played longs aggressively I will still take longs here like I just did I'll show you here in a second But I need to see to set up a full ATR or retest failure And then I get an 80% of an ATR and then I risk 80% of an ATR below the setup over that here shortly So I was short because aggressively because we're below the yellow lug and This is where I got in right here and then we came down here and then another setup occurred You can see here. This is a dumb and dumber to one or two stop run. That's this zone and This rejected so I got out 80% of an ATR And then we retested this zone to remember how we go along the yellow log I mean below the yellow log if we get a full ATR retest failure, and that's exactly what we did And I got in here. So now I just flipped along So currently long there my expectation is At least back to the yellow lug here. I'll watch closely Which you know when you get the lugs confluent with other things you can see here It's confluent VWAP that those are really good areas to That will most likely Effect the market so if we come back here and we struggle at all I'll just get out of I'll get out of those two But if we rip through here, and then my expectations back up to the red so you guys got to remember though This is these are treacherous markets right now because the headlines come out of nowhere and you know it doesn't matter how good your setup is You know the volume some that's a change in scenario, right? So new new vine come through it's it's just very Treacherous with these headlines and as we saw Earlier in the week, you know, they just randomly just say something and like the Zelensky guy Whatever his name is from Ukraine said something like sarcastically in the markets just like fell apart It's just it's just not real great trading environment. So either Cut your size down or just don't trade right now So I know it's tempting because it is moving around but it's a lot of it is just you know haphazard Nonsensical moves and then you're also gonna start to get I guarantee you are gonna start getting this in the next few days Like these false headlines like you know someone in that that has like Connections with the media will come out and you know, obviously put on a position that come out and say something That's completely not true and then the market will rip and then they'll say it's not true And then it'll come back they made their millions and then they're out it's like if you think that doesn't happen then you're in the wrong business, but Just be aware of all that because again the volume is the one thing But if something comes out that it just negates the volume, right? Or the setups I should say all right So I will consider going along here and he has to we get we need not get a ATR above this most recent zone will go over all these zones here in a second So ATR right now is 7.6. You can see right here. I use a five-minute ATR So we did not get seven points above here So here's the zone. It's so nice. I want to see seven points above. I'm gonna see where you test. I'm gonna failure See those snakes. I'm gonna just swipe here we go Map marketplace let's go through the anyway on this move down. We just built new lugs You can see here. This was all at the open. I didn't do anything in this market So you had a huge double whammy here you had 1500 by ice and then you had almost a thousand stops and another 600 stops of 1600 1700 stops and then 1600 We got to turn this down, but I'm probably gonna miss that one ever comes out But again, I don't trade headlines. It's not like a jump in a market But you know if I have a position on I want to know what what's going on But I don't I don't trade headlines It's useless, right? You're not as fat these algos pick up the headlines and then the move is already done by the time You even go to click the mouse. So I highly recommend you don't try trading the headlines So anyway, this was the first don't whammy Right through there then we had another one I just had to do a different color, but this was also a double whammy you can see it right there Right through that one and I you may be asking why didn't I short this as well? Well, because we were right at the blue lug at the time and I do not Take trades until we build new lugs So at the time because these lugs are so powerful as far as supporting resistance till we build new ones So we were about right here when those those things started firing off the double whammy's I was not gonna short those setups into the blue lug, right? So now that we built new lugs Now I can go I can I'll take shorts aggressively below this with this expectation And I'll take longs aggressively above this we are above this right now. So I can actually jump in this trade Technically I can jump in the trade because we're above the yellow lug But when we just build new lugs we tend to markets tend to bounce around them So I'm still gonna be conserved if you're if we would have done this and came back to the yellow lug And we got a volume signal then I would be aggressive out of here But since we just built new ones and we're just dancing around this yellow I'm gonna wait for a full so we saw that set up a full ATR retest failure And I'll go along there if it breaks then I'll go short on the same set up as long as nothing else new comes in So it's here again We still have not gotten that full ATR above here on the top of this zone is at 13 13 half So we need to see at least 21 Right 7.4. Yeah, so seven and a half points So 22 we need to see for this to be a potential long setup, right? There's a zone I need to see 22. I need to see a retest to at least top of the zone failure And then I'll get in and my stop will go seven points below there All right points below there Actually 80% of an ATR All right, so let's see if that can happen. So what's going on with our NASDAQ? Just hanging around so NASDAQ's ATR is 27.28 so ATR 80% of an ATR is 22 points. So based on this zone here I put my stop 22 points below here. All right, so I got any 80% of an ATR And when fully tier retest failure I got in and now my stops here and see if we can go back up to that you know, look Again very very treacherous markets anything can come out and just this thing could just swipe straight down. So I'm not Basically holding my breath on any trades I'm taking right now Love the geopolitical environment, huh? Yeah, it's real fun. It's real easy to trade Again, we haven't even started with the fake headlines. You wait watch next week. Watch how many fake news stories come out When things start to really like start to settle down It happens every time it's just guys mess with the market that have you know ties to the media So anyway, you know the volume is Normal right now you can see here. So this is relative volume This is what you really want to keep an eye on when you're trading, right? If you see this thing start to dive below here like this kind of you know, trade again This was overnight, but even though it's overnight It's still relevant because this is just this is all this is gauging as this exact time period For the last 30 days. So even if you see this overnight, you don't say well It's because it's overnight well even overnight. This is low right because it's basing in on the last 30 days This is a different relative volume Then this relative volume we've talked about this before so be careful what relative volume you're using, right? So this is Yes, so you see how this this is so the first relative volume I just showed you this in Sierra Chard another Software Charging programs have it that's based on this exact five minute period for the last 30 days think your swim This is based. This is just a simple based on the last 60 bars, right? So you got to be careful because if you don't know the difference you're like looking at the open and you're like wow look at that Man, we're six times normal. No, that's not six times normal six times more than the last 60 bars So every day when the market opens Normal is about seven times because it's basing on the last 60 bars So you can see that difference versus or that relative volume versus this at the open Which is right here. We didn't even get look at the difference. We didn't even get to normal So that was right here. Look at this. This is about 50 percent. Normal is right here 100 percent is normal, right? So you see the difference. We didn't even get to a normal opening If you look at thinkorswim, you're thinking it's seven times volume So just be very careful what kind of relative volume you're using this is very this is the one I use mainly right because I want to see Again, you can change your your settings minds based on the last 30 days I want to see hey is this normal volume for the last 30 days and what we've seen over the last couple weeks is Just you know, it'll just dry up like this and then that's when you get algo to death, right? So when you see this kind of I am you want it if you can avoid trading when you see this kind of I am you know, the big money's coming in running over the algos you can expect extended moves. So That was long-winded for keep an eye out All right, so I think we got an ATR above here pretty close NQ stops top-cell and Q 262 contracts. It's not good back here. So this could be a potential another setup and this is Ironic I was just talking about this yesterday. We had this discussion last week Bruce and I on How I won't add currently to a setup that's in the same area as my first setup Because I don't want double the size on you know for the basically the same area And Bruce Bruce's argument is we that's just like more confirmation of the area and the way you want to trade And there is something to be said for that. I just haven't done enough research on it So I so my point is do I want to put on another brand-new position based on this setup right here what I can do is This job is known and I can trail my stop a little bit so you can see the stop from here It's 215 you can see the swipes we call them snakes in the room white snake This is We're thinking about playing now whites like wait snake music to when these these occur if you guys are interested in that We play the Jefferson's moving on up when we want the market to rally. Hey, you can get those sound bites and put it into your alerts Can you really? Yeah, why not? That's funny I might do that So just plays just plays a little snippet of the song every time a snake comes in Here I go again So when you're age Bruce So I can trail my stop now based on this new new zone, right so Again ATR is 27.74 so that's basically 22 points below here is an 80% of an ATR, right? So this this is at 85 50 so that's 65 50 60 350 so I can show it up 10 points It's not a big huge deal, but you know once it starts rolling up. It is a you know, you may be getting 50 point stop You can for you can trail your stop Right, so I trail my stops not based on my P and I size for Excel ES 700 contract Not based on my P and L based on real-time volume events, right? So that's why I just trailed as because this new event came in so I'm not gonna add to this I'm just gonna keep it on for right now, especially in this environment I don't really want to have trouble positioning but See what's going on here not threshold so I'm not gonna draw it again I need to see 700 especially for what's been flowing through here and it's been in between these zones So we'll just let this play out. This did not get a full ATR above here though. I don't think Say it was 7.7 172 contracts another setup so I'm not gonna move this stop now based on this You said I'll just let this stop me out. I'm not gonna I'm not gonna keep trailing a stop down, right? I'll trail it up, but I'll just stop out and then I'll if this holds I'll just get right back in I leave this zone because we did get an ATR above there This was the first zone that I traded off of because we have a new setup right down here stopped out But if this holds Remember, I still need to see now another ATR retest failure because we're still below the yellow And now it looks like we're headed down to the blue one I should be doing here is getting short and let's see how far we I just want to make sure we're not on top of A lug and then I will short this aggressively 22 points, which is 80% of an ATR So we're right at baby lug right now. It's here. That's one of the It's not as important as blue love, but we could bounce off here, but I'll still I won't I'll still initiate as short as what I'm saying because we still have another hundred basically a hundred points down to this 22 points that was at 7151 49 Initiate a short there So again, I'm playing aggressively out of this most recent setup one thing I don't want to do Well, that one second here I'm gonna delete that for a second because I'm gonna show you guys something else I used and see how that keeps shutting down on me today for some reason It tells me if the market is oversold or overbought and I think we're oversold right here So I don't think I want to and you chop the top cell and Q 168 congrats and you can see where we're probably going right right down this liquidity So another thing I use I use it back if you guys ever follow me when I first started when that It was at the first started doing this stuff. It was in we trade desk and there is a It's the Taz indicators, but one of his indicators I don't really use the Taz box as much you know I you can see him on my charts, but I don't really trade off him because the love with levels are much better in my opinion, but the The product that is pretty unbelievable not unbelievable, but it's really effective right so you can see here This thing is called the edge. So you can see my headline headlines and stuff, but this is So this is showing you all the stocks in the so this is S and P Let's change to the as I can see what that looks like since we're trading that right now. Yeah, so All this is doing is showing you all the stocks that are in the That comprise the NASDAQ 100 right so when you get above here This is a 70% line. So That means over 70% of of the stocks are Below their Taz five minute boxes, right? So the Taz the Taz stuff is just basically Market profile so the five minute is just on a shorter time frame so you can see here That would just be like all these individual stocks. It's judging whether they're this is the five minute NASDAQ right here Right, so it's judging whether they're below. This is again. These are like many market profiles. This is resistance This is support. This is point of control. So this is telling me that, you know, 70 plus percent of stocks are below their Taz boxes right now. So what happens all the time is? Once we get oversold or overbought meaning you see red or green above here so you can see see if I can Show you guys the Actual gauge Right so you can see here 74% stocks are below their Taz boxes So every time it doesn't happen immediately You want to be very careful just fading a move meaning you're just gonna buy but you don't want to you want to try to avoid initiating Physicians on the short side when this thing's oversold because it'll just revert back. It does every time it gets up here I mean it can hang up here for a little bit We could go a little lower, but I you do not you don't you want to be very cautious initiating shorts if we're above this 70 this is the 67% line right so Eventually it'll come back and then if I get a short signal that I'm fine a short but right here That's why I just cancelled that net and Q trade because we're above that line and it's safe like Yesterday for example, we were up at at the highs I'll show you exactly what that looks like here We were up at the highs and I put in the room be careful initiating longs here. That was right here And I just like we're doing here We sold up was right it was like it right half hour before the close and we sold off like 18 points or something right because he's always you have these hours that revert everything so Not that you just want to blindly short you can come up with strategies to do that But my point is you don't want to be initiating Longs or shorts when this thing's above here. It doesn't mean it can't keep going, but it's just like I have a feeling This is gonna go down and tag this but Again that that's very powerful to make sure you're not you're not an oversold or overbought conditions So I was basically an ad right in here anyway You see I was kind of struggling because he stuck it's almost guaranteed this thing, you know It's gonna hold here and then do that. It's probably gonna get filled first, but Anyway, I'm not initiating shorts right now this thing can come back quickly to us Now like we're gonna sit here for an hour and wait for this thing like it'll you know this thing will you'll see it'll Do this and come all the way back and then we get a short signal then it's go time But I'm not gonna short into this, you know, you may go another 20-30 points, but for what I was gonna have to risk there. It's just not worth the risk in my opinion, so Just watch it for now See what's going on. Yes Any questions Bruce? I know I'm covering a lot of stuff, but this is just stuff that we look at in the room and This is an important piece Yeah, no no questions yet The other thing too is, you know So we're oversold and now you're hitting some of these targets these love targets, right? Yeah, this one we went through but then I got this one so at any moment this thing could just do that So that's why I don't want to show right here So what I want to see is something like here That reverts back under the oversold conditions and then I get a short set up right here And then I'll take it and then that'll be the target. So that's what I'm hoping for So we are below the yellow log now again, I wouldn't enter that one were oversold But I wouldn't enter that yes set up that we're waiting to potentially go long aggressively anyway because we're still just bouncing around this But now if I get a yes set up, you know, I will short it aggressively as long as we're not you know way oversold So keep an eye on that. I would love for this thing to pop up Get out of oversold conditions come back up here get a short signal and then come back down You know, we're gonna hit that eventually and then probably down to the next blue blood Just down at forty three seventy five for here, you know, if this just sits here and does nothing If we go because nothing new has come in since this right so if we come down full ATR We still haven't got an ATR below here either just like we didn't get an ATR above So we don't know what this setup is, right? So I have broken ice Titanic Titanic is one of the sell ice winds or broken ice is obviously when they when it runs through it We don't know what this setup is until it gets a full ATR So it hasn't got a full ATR below or above But if this eventually gets a full ATR below comes back retest fails because again, we're kind of right at the yellow log I will go short just as long as we're not way oversold On the on the edge Keep shutting down today, too, so I have to keep an eye on this So again, it doesn't mean you just blind you see this thing oversold You don't just blindly buy it because I've seen it oversold in like yesterday. I got up to like 95 percent, right? So you can use strategies with it to to fade the move But you better make sure you're an important area because it could keep going for a while And then it'll then almost snap back, but I just don't like initiating positions when it's All right enough on that Duffin house is really sure crude is crude rolled you're in the April contract now still hitting these stocks So more full that liquidity and then S&P stops top sell ES 573 contracts. So this was threshold sell sell stops. So we'll mark this zone We'll trade off of this. It's not very it's real close to threshold. I Prefer bigger in these market environments, but I'll still trade off of it I'm not gonna draw this ice zone because again, this was only 300 and so I'm just drawing the stop run It's gonna be on the south side for a little bit now Reversion What I will do now though because we are oversold right now I'm not gonna take this aggressively because we're still fully ill hug, but if we go ATR retest fail I'll be glad to go along that speak just for at least a pop because we're oversold, right? So see if we can finally get an ATR above here ATR is seven point five one so we need seven and a half points above here. What is that? Ten and a half do this three test fail. I'll get in that eighty percent of an ATR I'll go along my stop ability percent below there And I'm expecting some type of bounce because this is so so it's not so oversold I've seen it worse, but anything above that 70% line you want to really pay attention to Pretty much the same I mean And this is just all 500 stocks this is telling you out of the 500 stocks 397 of the 500 are below their boxes, right? When you get that you get that you get the reversion to the mean TR retest and we will go along this So this is why I didn't want to short this on this on this other setup that came in Yeah, so is this one remember I stopped out I stopped out here off of this white zone or beige zone This came in and I was going to short it aggressively and then I canceled because we're oversold and you can see it's not really I Fully expect one more down here to fill you know 150 contracts, but I'm expecting some kind of bounce here Cannot get an ATR away from these zones So I still have the other crude contract up because it's still rolling I hate this time of the month where it's where it's rolling if you got the volume of both both products So it's kind of split fine Remember this sub chart is showing you net net, right? So there if they're for example, there's 200 by ice 200 cell ice is going to show a zero on here Doesn't happen that often where you get doing icebergs, but it does happen. I don't draw those loans Obviously, because you can't really see where I mean you can guess where it occurred. So I just look for spikes, but There's obviously some doing icebergs in here Could you not you heard the announcement or the alert and it's not it's not showing on the subject so sure But what I can do here what I was looking at here before the yes fired off All right, so we're below yellow log We actually didn't take almost take the blue look the first time down here. So in order for me to go along We technically this is a retest of this zone right now, right? We have this earlier Here's your retest. I could go along that I might just because there's new stuff in here This is first retest so I'll get up along this Sweet 40 41 ATR and it's splendid So 32 1 6 4 is 80% of an APR. So 33 ticks out of your top of this zone is 70 Oh One is your is my insurance All right, so some bigger picture stuff here This is a really really really important area for crew right talked about this in my room as well balance broke out Where did it hold I've I know one of the One of the four important areas of charity Eld came up here Kind of a mess here, but this is this looks like a balance to so you're kind of you know, remember this is a gap So We're breaking down here. So if this gets through here, you can see it already made one try right here and it bounced Just like it did this time I did it again put in a buying tail That's another one of the four important areas of charting, but here we go now. It's coming back again if this gets through here This high vine node is the next stop 87 if it gets through there, then we're gonna do one of these so Very important areas coming up here and crew this could easily bounce but it rips through here Then this is the next stop It's gonna it's almost 200 ticks away two dollars away if we get through there Then you're gonna get a serious so often in my opinion, so let's see It's there But if this holds I'm okay going long, right? I mean that means it's still hold my vine Finally get an eight car away from his own look at some bigger picture stuff here, too here. This was So that minutes came out yesterday We actually caught this long in the room So you had a breakout of this balance through that I know that balance what should have happened this thing should have You're competing with this bigger balance here But we should have at least Gotten to this so this high-fiving nice March iceberg cells EW 150 contract I'm gonna wait a second that those that volume split to it. I hate this time of the month So I got female anyway, so comes up here It should have come up here and it did not and now what we did is we basically if they'll break out of both These things this things in trouble Obviously with the news that lines as well, but just from up just from a charting aspect, you know This is small stuff, right? But you can see guys. This is the same stuff over and over and over It doesn't matter what market you're looking at right here is balance Here's your high-fiving launch from here balance broke down from this Where do we hold prior high-fiving came up here? couldn't So when markets, this is a bit this markets in a bear state right when they break down they will they can retest and still be in A bear state the bottom of prior balance Or that I value and still be in a bear state You only got to the bottom it couldn't get to there and now we're back down here So this is looking like that this gets through this prior zone especially where this held so right around 43 60 to 50 that gets through there then you're gonna get a Pretty major soft in my opinion So anyway, you know, we kind of no man's land now We did this did this this could hold and come back or if this breaks and we're coming back down Coming down to this and then we'll see but So you are charting wise it doesn't look like doesn't look very clear and Especially with the new set of lines. So just be careful and we just we can't get an AT our way from these zones I don't know why At least I didn't short this so far. I still think this look really is gonna get felt first and then we All right, you can see the chair is starting to pull back a little bit So if this pulls back then open the door then I can and I won't be afraid to short, right? See it's starting to pull back a little bit Still close to oversold. I want to see like something like down in here And then if I get a shorting set up, I have no problem shorting right now It's still a little bit oversold so just fired off the volume of split So if you ever question it, you just go to This is pretty elementary, but just go to the CME markets crude iceberg by CO 150 contracts So you just click on the product click on click on quotes and you just want to see where the most volume as you can see this Is split this is why it's a pin in the ass part of my language. It's like you got 22,000 still in March You got 29 so tomorrow it'll be a little more No, it'll be probably three quarter one quarter or more but today it's split Same with crude. Let's see what crude looks like Yeah, I mean at the majority I mean that there's more in April, but you still got 120,000. I just don't like days like this. It gets It's too convoluted crude iceberg by CO 151 contracts, but we're getting signals so we'll trade them All right, so this is brand new setup. I'm going to raise this now and this is done not going to go long maybe Let's get this drawn You can see this is pretty substantial especially with split volume, right? You got you got almost 300 bias here So I will go long off of this if it Remember we need to retest failure though because we're below the yellow So let's draw this up Again, you want to see where it spikes get your little Cross here This is where it's spiked incorporate all the prices that happen in that spike basically that awful quiet there Bruce Planning your tin can Oh You can uh, it should be better now, right? No, yeah, it's not too bad. Okay Just being funny just making myself laugh All right, so this is the zone ATR is ridiculous. It's 30 38 ticks 8.4 is one is the uh 80% of the ATR so First and foremost because we're below the yellow log. We're looking at here in the second again We need I need to see 38 ticks above the zone retest fail. I'll get in at 31 ticks And then my stop will go 31 ticks below the zone If this breaks, I could get in this aggressively just as long as we're not right on top of a rather See what I'm talking about like I won't short this aggressively just kind of like I didn't do with the es Because these are so powerful. I can I could see this coming down here Not that I can see it happens all the time and bouncing So I'm not initiating a short when the lug is this close like if the lug was down here. I would do it So I will go long on here's your setup. Basically, it's right here If all ATR retest fail I'll go long short if this wasn't so close to the lug I would get in just 80 80 percent of an ATR below here, but I'm not doing it until we build new lugs, right? So Another thing you want to note you can see this uh It's market profile Composites so composites when I merge the days that composites basically 70 percent of what the day was and then you merge if they overlap That's the blue zone if the day's overlap. So when markets get into composites, you expect the move To cover the whole composite. You can see the other day we got in here and this this was an alert that you know If you were looking for longs See what happened the other day, right? So we got inside here. It could not cover This this uh, it couldn't get down in here. That was a warning sign We closed right here and then look what we did the next day, right? So once again now we're back in here Expectation is still down here, right? And I fully expect it now that I Got out of here and now it came back now. I really think it's going to do that Again, it doesn't mean I won't take longs because we're day traders But I think by the end of the day or tonight I think we're going to make it down in here for some reason if we do this again And we close like here or outside here then you can expect another move up, right? So you're just basically coming up a bigger picture these theses for the bigger move, right? It doesn't mean I won't take longs in here, right? Because this can easily pop back up here and then go And that we're day traders again, but just keep an eye on this stuff Kind of like we said that this is such an important area. What happens here, right? So it's just you keep this in the back of your mind So we know we're inside that composite if this breaks You probably don't want to be taking longs right here. We're probably going to do that I mean if we get down in here, you can give it a shot Especially where this directional conviction started That's the third important area of charting Right, so you just keep this stuff in mind when you're when you're trading when you're looking for the bigger move It doesn't mean you can't have shorter counter moves, right smaller counter rooms But you got it. You got to know You got to know what the bigger picture looks like. All right, so Let me say 38 So we need to get to 82 here and that would be a full ATR and then we look for a retest failure So that's how I traded it doesn't mean this thing just can't ricochet off of this and just take off, right? But I will for below the olag. I wait for retest failure once like I said, we're gonna go tag that liquidity Oh and look at this Let's tag that first. So now this can still this can sell off cell cl 174 contracts 174 contracts. So usually you get a bigger bounce, but look what happened, right? There you go Once this came back now the selling resumes, right? I didn't want to short up here. It's too risky S&P ice iceberg sell ES 7 high spurts sell ES 700 contracts Well, the liquidity can't be happy They didn't get their full fill So a lot of times when you get time in this liquidity the algos sense this size and they run it away And that's a good look like it filled a little bit of it, but there's no way they're They're not happy They'll get their fill, but I like to see it run away from them All right, I just heard her set up an ES This is confusing today. Well, it is confusing because these markets are a little nutty, right? Like liquid just happened there popped up popped back up. Sure. This is a long setup. I think I just missed this trade All right, there's obviously look at this. There's news coming out here. You see this just turned black The algos just shut off. There's some kind of news has someone's talking or something's going on here That's not I mean that guy. This is why book map is like if you don't have book map You just you don't have all the information like you have no idea It takes one look to know something's going on right now. Look at that. You see how this all disappeared Usually you see that before a number if you see it in the middle of the day when there's nothing coming out number-wise Then you know there's there's some kind of headline hitting me and that's why we did this Right. That's exactly why we just did that Because some kind of news event came out and they're still not putting the liquidity back. So somebody's talking somewhere Yeah, these are treacherous markets guys just you know Don't trade today I know it's tempting because it's moving around, but it's a lot of it is just nonsensical movement, right? This isn't as bad And then pulling liquidity, but this still is not in here. So I guess somebody's talking. So I'm just going to hold off right now I'm not going to put on a trade just to put on a trade to something's going on And I don't see any coming across the headlines here What we did get any on that ridiculous headline spike whatever that was we did get an ati here's your retest on this Yeah, see This is what you're in store for for the next until This resolves, right? Any any kind of headline the algos read it and then it just fires and you're screwed if you're on the wrong side It's a bottom line All right, so six point six point oh eight. So six and quarter points above the zone would be 80 percent of an ati I'll give us a shot You know because we're on the webinar I want to but i'm telling you this is not especially that this liquidity is not coming back in here See how black it is Someone's still talking right? So this is very treacherous trade if you're you know, if you're mirroring these trades Just be careful. So the bottom of the zone or the top of the zones 325 325 925 950 is an entry again. I'm not Yeah, just a note on that. This is not a mirror trading room. Uh, This is uh, right. I most guys know that but they still will trade, you know, put on the same trades Which is you know, fine But this is more for you guys to learn how to do it yourself My point is Yeah, if you're putting out the trade because it may be very careful, especially again, look at this This is just staying black somebody is talking something Yeah, it's not we don't recommend that at all. I mean, it's like Pico we're peeking over your shoulder and how you are trading that that's what with the You know, we really gain I think from this, you know, this room. No, I agree. I agree, but that doesn't mean people aren't doing it All right. Well, it's not recommended Not recommend especially in this environment So he got your uh, ATR All right, so you got your ATR here when we see 82 here's your retest So again the ATR is uh, 37 36 out of here is uh, 80 it's a 74 I'll go along this again treacherous With dad lights What they didn't really pull in here those Crude elbows aren't afraid NQ stops top sell NQ 158 contracts. They got their fill. Oh no Now we can go up It's 147. No thresholds usually 150. I'd like to see over 200 in here But now we can go up because the big money got their fill Like I said when I was going to put on that shirt earlier, I knew we were probably going to come fill this liquidity You know, but it just wasn't worth it to me at the time because we were so resold All right, so that's the newest zone. Let's see what happens here. All right, this is still alive for a long potentially Again, I don't know what's going on here with the liquidity why it's still pulled Let's see. We'll find out here shortly. Any questions Bruce? No, not really. Yeah, I mean I haven't really done much obviously, but That's what it is Days like today you got to be very careful Yeah, tensions may be easing Uh, in eastern ukraine is what a few people are headlines people are are quoting here Yeah, until ukraine fires mortars again like they did in the middle of the night so I Actually screenshot. I was sitting here and I was going to trade it, but it was just it was the zone was too ridiculous I'll show you guys this here. I know This was last night. Actually, no, that's not the look at this. So this so they came out and said ukraine's firing mortars This was like eight o'clock nine o'clock my time and look at all this by ice that came This is like 10,000 by ice in this area But it raided the zone was Russell Iceberg cell alert at our key 151 contract The zone was like 22 points wide. So I might just watch it plus with the allies, but that that was interesting and I kind of got smoked This morning the stuff still comes in overnight too, you know, just all right. We're close to getting filled there Let's see what happened And I I still don't know why this is Russell Iceberg cell alert at our key 153 contracts See that's that's definitely threshold All right, so I got filled on that. Yes long again. I'm not real excited about it, but It is a setup So I don't that's not part of my trade plan potential headlines pulled liquidity, right? So We're long All right, so then what do we do next ATR 7.23 So whoever gave me the ATR thing for thinkorswim last week the 80 percent I still haven't had a chest at the down on that, but thank you. Someone said it was working great I'll get that set up for next week So 5.78 so six points is the ATR 80 percent. So I was six points below here. It's 95 50 That's my stop Again, I don't know what's going on why this thing's a black hole But somebody's talking so this could do this this can do this and it has nothing to do with the volume So I can't believe we filled that liquidity and then now we can go up Stunning. All right. So what we can do here too if this retest fails, we could go along this setup as well Right. So another way guys trade this you got to be very careful though is when this crosses So green goes above red, but many times you're just like crosses crosses crosses So I just like to make sure I'm not oversold when I'm selling when I'm buying or selling right And again, even that nascent trade went a little further, right? But it'd be right back in my face I mean, I would I would what would have happened is if I did short this back over here when I said it was oversold and I got it Anyway, well, I just would have basically stopped out at a scratch because we got a new setup That's bullish Right. I get out 80 percent. I would have just scratched the trade. So it was no no big deal I didn't miss anything is what I'm saying. All right. So We could possibly go along nasdaq as well here See, this is another reason that I was skeptical of selling right there oversold and then you got these two guys here So this could easily do that But remember we're below the yellow lugs. So I need to see ATR retest to go along this ATR is 27.7 so 28 So we need to see 27 points out of here, which we got. That's a full ATR This goes retest failure. I'll go along. I could fill them crude Don't bounce around the zone. We did not get an ATR below here. So I'll still go along on that So this was that zone in russell So ATR in here you can go along this one as well Crews talks co 310 contracts. All right. So I'm going to cancel that long Crews talks lco 324 contract. This is exactly what I was talking about. Crews in trouble now, right? Look what's happening She said 600 stops. We'll mark that up here in a second. Remember I said this needs to hold Bye bye This is the next stop Hi bye. I know this is where this directional conviction started All right That's the next stop right there Round 87 You said a quarter All right, so this long idea is Disqualified because we got a new setup So let's mark this up It's not like you said 300 twice, but Either way, it's a new zone all the prices that incorporated that zone So just like this zone I'll still go long. I don't want to because of what I'm seeing But I mean if this thing holds and we get ATR retest fail I'll go along but To go shorter. I just when we just need to get new lugs and hopefully Hopefully that move is getting us new looks in here. Let's see. Let's see. We're right at the blue So actually what I'm supposed to do remember I said I you know below the L lug I need to see ATR retest But if we're right at the lug because these things are so powerful I will take setups 80 percent of an ATR out of the zone. So You know, you have to use some judgment It's like I don't really want to go long this aggressively off the lug because what I just showed you guys in the longer term chart Right, this is not a good place to be going long here So you got to use a little judgment, right? It's not most of the time you can just trade these zones by themselves again. I showed I showed in december you can trade these trade these things by themselves and And make money but you'd be even better using obviously the lugs Which is the second most powerful thing I've seen and then having some context, right? So you can see here You know for instance december Yeah, so this whole month all I did Again, I was COVID a lot a few of the days. I didn't trade much but so basically this was all trading Nothing but The volume setups blindly but meaning just In every one of my nature when a full ATR retest fail to show the room You can make money just out of the volume setups, right? And what's interesting here, too is One we noticed a couple things out get into this in a second Let's just really zones but a couple of really important things on there If you guys that this software is incredible go to my website you can get a discounts to it's click on the banner We'll go over here this in a second Um, there's some really incredible things in there like what's going on here. Look at this this this liquidity pulled to Then they just put it back in I'm going to take that aggressively. I don't want to like You know a lot of times a trade will feel bad to me, but I'll still put it on like but you'd have to use some context Do I really want to go along here where I just showed you guys? But the flip side this really shouldn't become a bullish setup I mean this should not get 80 percent of an ATR above here if this is truly going to free fall right now, right? So I'll put on the trade based on the setup based on the blue log But if I lose on it, I I know why because we're below that high volume Another that private balance that I just showed you guys So again, uh, it's 24 80 percent is or it's 27.7 Actually, I take that back. That's not the right ATR 36.8 is the ATR It's 29.4. So 30 ticks above here is a There's 80 percent of an ATR remember I'll go along aggressively because we're bouncing off the blue potentially So we got 30 ticks. So that's 54 That'll be good because that'll be above this prior zone here too. So I will go along here now I'm just hoping this thing free fall started and have to be tempted to put on this long and then we draw new logs And then I can go short. That's what I really want to happen. But See so you can see the yes here is struggling in this prior zone. I mean, I'm not Considering that right here because we've got a new setup, but this is why This is struggling right now. We can launch then we should get a good move All right, um You guys here. So I'm going to show you guys the relative volume the other day. I mean a little earlier So This pummeling I took the beginning of the month Was every day like it was like 50 percent of the volume Most of the day 50 to 70 percent. So, you know, this is a good warning sign like you know For trading for anybody unless you just like trading ranges that you know when the volume is poor like really poor That's when I struggle right and then the volume picked up and then launch Right. So another really important thing that I've known this for 20 years And I don't know why I keep doing it. Look at the hourly here Look at my P&L. So my total P&L This is since December. So I switched to trader's sink in December, right? My P&L for last year was like 45 man or something But this is as of right now, this is Showing this is with commission 30 30,000, right? This is since the beginning of um, December I still have a couple of them. I closed this last night, but um, One was This one was basically scratch and I made money on this one. But anyway, this is my P&L. So look at this hourly and If you guys have listened to me before when I was the you know, big scalper I Used to literally leave the office because of this nonsense, right? So look what time to look at this Look at my P&L at 10 o'clock. This is nine o'clock my time Pacific. So this is 10 o'clock Uh, such a right. So I used to get up and leave from 10 until 12 30. I would come back I would go work out go home. You know, this is downtown Chicago. I kind of right there I go take a nap and come back Because of this right because this is where the big money, you know, the big funds they go to launch New York Whatever they leave and then that's when the algos start playing their games And I've known this for 20 years and I still let this happen. So When you have this kind of charting software, you can literally die down. We'll look at some other things too Like I'm profitable on every product except for Russell. Well, that should probably tell me, you know Don't trade Russell or trade is smaller. So anyway Look at this P&L at 10 o'clock So right there alone, that's I would have a double P&L if I just did not trade did not initiate trades at 10 o'clock And then here so between these two is $43,000 of losses Just if I can just not be trading it again This is pathetic because I've known this for 20 years, right that eliminates and my P&L is double Right. So that's that's one thing. Another thing I noticed Look at this. We went over this in the room the other day. Look at my Mondays Not good Right. So that should you know, it doesn't mean you just don't trade on a Monday, right? But if the volume is low on a Monday, you may want to trade half size or whatever, right? If I eliminate that Every other day is basically profitable. You got this little dude here, but This is pretty funny. This is my best day. This is why I did the book All right, so this trade is working kind of not Let's get some levels here and we'll go back to that in a second But again Highly recommend you get this to go to my I used to use trader view. This makes trader view look like it was from the 1800s This thing is incredible. It tells you everything. We'll come back to this in a second Once again magical loves. This is why I don't short into a look All right, so along that now we said atr is 80% is 29 so 30 ticks. So I got to go 30 ticks below this price. Which puts me at 78 Yeah, I'm not really excited about Looking long this based on what we just talked about, but we bought us off the blue lug And again, if this is, you know, truly bearish, why did this just turn into a dumb and dumber, right? Long crude long Now I'm just waiting for the for the negative headline that Actually negative headlines good for crude. So maybe that'll I'll get smoked in the ass, but this should rip All right, so now what's next here? So we're We're back at this yellow lug if this can get above here, I'm going to watch his first target See how there's this target there. It's one of the baby lugs 44 22 I will get out of probably one of them up there if it struggles So let's see if we can bust through there, but I can see it's struggling here So remember this market, you know, when you build new lugs To be bearish it needs to hold directional and prior blue. You see how prior blue there So this is really important if this can launch here, then we're probably gonna get up to here But this could fail again right here. So let's see where we're at. I might take off one here now. I already missed it All right too late So I'll just hold it for a baby lug that was up at 22. Let's see if we can get up there All right, a lot of talking no questions bruce You need to stop talking for a couple minutes Uh, I've been answering a few of the questions in here. I think I think we're pretty good here But uh, maybe you want to talk a little bit about like, um Asking here a quant leader if you do you trade like this in your in your group live trading This is exactly what in my trading room. Yeah Yeah, this is exactly what I do in my trading room So I come in here and I come in at eight central eight to nine thirty usually on weekdays every day except for when I'm in here and then I come back on at two o'clock central for the club two to three For the close Every day except for thursdays. I go usually go play golf in the afternoon After this webinar But yeah, I do the exact same thing I go over all this stuff. That's all we do and then you know What the room is supposed to be about and I just gradually getting there is you know guys sharing setups Talking about hey new lugs in this. Hey, there's a there's a thousand lot iceberg in es that that's what it's, you know all about right, so Guys showing stuff like last night I put in Right here. Are you creating firing mortars? Gold gold miller ripping. This is that zone. I just showed you in es So not very good participation today because I'm probably on this webinar But you know, this is what I want from this room guys posting charts Hey, new lugs right too close to red lugs stuff like that. All right, so that's what the room is And what's great is it's just part of this right then you saw back into the book map, right? So it's toggle in between All right, what was I talking about? All right, so we're just long this from long crew again. I'm not This does not feel good based on what I showed you guys, but That's what it is. That's the setup. I took it You know, I don't trade on feelings and what I do is when I usually screw it up So I follow my rules. I have my process and I get in the trade. It doesn't mean it always feels good Right, but there's been so many times where I feel like oh, this is gonna be a loser And then I follow my I just follow my rules anyway and turns out to be a huge winner So so we need this to get above this Yeah, that's that's the crazy thing. I mean like, you know Your emotions your like intuition versus numbers, you know Uh Right. Well, that's the thing too. It's so funny now Like that's how I made millions of dollars in the past right with scalping in my intuition in my field, right? I I am not exaggerating my intuition now is it's almost exactly opposite And it's you know, it's because these algos basically know What what the human mind is doing and what you know in these levels and know here we are We're breaking out blah blah blah like my intuition now. It's basically backwards So it's like and that's why I stopped scalping because you can't compete with these algos So I don't I don't use intuition intuition very often and I mean I have 24 years of it, right? So it's like I follow my rules again. This felt terrible It's working out right. So it's like My intuition is not I'm telling you is don't go by intuition go by your setups Your rules and that's all you can do. Yeah, I mean start in your taking something you're gonna get smoked Exactly now, but you're following it closely because you're trading experience and intuition and you also know this environment due to the geopolitical tensions is Can can flip on a In a sector, right? Yeah, I don't mean intuition like that I just mean like, you know when I put on a trade and say it doesn't go immediately and I'm sitting here thinking This is probably wrong and this is what most traders do, right? Then like it doesn't happen immediately And then they're out and if it starts to pull back then they panic out of it. It's like You use your intuition, you know, my intuition came up with all these setups and everything else, but During the heat of the moment, you just want to follow your rules, right? Like this trade feels terrible and it's working out so let's take it from me just You know come up with your rules. That's why we do these webinars take stuff from me and you can mold it into your own Straight plans, right? But you want to be more systematic because that's what you're competing against you're competing against nothing but systems That's 80 plus percent in the market probably more than that So You know your feelings are going to get smoked most of the time because you got these systematic programs So be systematic yourself be your own elbow, right? So this is interesting too Another thing that we watch it's not that drastic But there is a little bit of a chemo and you get this on book map, too You get the chemo divide but you can see here So when we were up here, you can see the cumulative volume was minus 15,000 14,000 All that means is there was more I don't like to say more sellers and buyers because there's always an equal amount, right? Or they wouldn't be able to sell the buyer the button. There would be no buyers and the thing would just air pocket But meaning cumulative volume is showing you who the aggressor was right? I mean some more hitting of bids Versus taking of offers, right? So you can see there's more 15,000 more Sellers more aggressive sellers. So that was more up here You can see we came all the way down here and look at this look where we were It actually increased 2,000 contracts That that is interesting alone You want to be careful with that because I've seen guys trade off this in random areas and you'll get killed The other thing too is This isn't telling you the whole story, right? So just because there's a lot of buyers Okay, or there's more buyers in the first time like there's more buyers We made a lower low from here to here, right? And there's obviously more buyers Well, what if they're running in a 4,000 sell ice? Right because that's the admirer So you've got to use everything in context, but it's just good to watch right? It's you want to keep an eye on this because we've seen especially important areas We saw a few times last week We'd be at the red lug and it would look it would look like this like we come up right here And then we get up to the red lug and then the vine you can the cumulative volume was like down there And then low and behold boom So just make sure you're using this stuff at important areas not just in random areas like wow look at that divergence I'm gonna I'm gonna go along right here because it you get killed. Trust me When I first learned that I tried that and I got killed so All right, they're buying curry. Let's get the little water border over here I call these things waterboarding because when it's going against you it's I could imagine every water bordered, but I'm assuming that's what it feels like because This is tick strike again another thing that we use and all this is Again, you have the discounts on my website if you want this stuff, but this is also really important One showing you the stocks if there's some serious buyer selling is going going on in the stocks that comprise the indices These are the highest weighted stocks But what I was getting at like, you know, so say I'm short here and I'm watching this right? I just see blue bubble blue bubble I see you go and guess that's hard enough to watch But then you get to hear like this is good and you get to hear this thing firing off It's like I'm assuming like being water border. So I call it the water border, but it's very valuable, right? I know it seems like I have a lot of things, but I really don't like most of this stuff is very simplistic And that's how I like to trade right? It's just like I want to know and I said so on this tick strike It goes from settings from one to 15 one being the most the least sensitive meaning it'll just go off non-stop like you saw here And on this page I have this set up So these are all on one so kind of my room can see this right so let's go off non-stop But here it's only going to tell me if there's some serious buying going on So this is an algorithm that takes the speed of the orders and the size coming through and it puts in an algorithm I've been using this thing basically for like 12 years, right? I used to use it just to alert me of other markets were ripping from you know moving But this is really important. So if you come up to an important area and you see these stocks are not doing anything You may want to get out of something, right? So Just another addition All right, so cs is working Here we are a baby lug remember I said I was going to get out of one here if this struggles and see what it does I could just rip through so this is another thing that I I was going to get out one a baby lug, right? Well, these stocks are getting are they're buying the crap out of these stocks? Well, I'm not going Why would I get out, right? If this starts to struggle and I don't see these starting to agree and then I see red Meaning market selling then I'll get out of one, right? Remember we said this was an area So one you just got the cross like I was telling you So we're not overbought. So I'm not worried about that right now We're still buying the stocks And then we're at baby. Look the 23 So I'll give this a second. That's where I wanted to get out and I just missed it by a couple points But all right some out of one right And I Yeah, we came to an important area. It was also prior prior volume zone the bottom of this zone here the first The second double whammy of the day that was a shallow zone And these things weren't going crazy. There was a couple but not all of them So I got out of one you can get out of all of them if you want, right? This is how I use this stuff. All right, so now I'm basically going to hold these last two until Adam get out of view app unless this can flow in with the log and there's nothing there So I'll basically hold it until we get to the red log or if I see an opposing volume event Then I'll get out and if something comes in bullish, I can I can add to this trade Right. So what was I talking? We're talking about golfing Yeah, that's not too far away I feel like I literally I don't not feel like I've been talking for an hour and 20 minutes straight Um, usually I get a break because there's questions or some questions because I guess on that Awesome in an educator. All right, so Cruz is just kind of hanging and still profitable. Here's a A question from David on What's the difference between a three quarters atr on the 15 minute chart and atr On the five minute chart What's the difference? Well, there's definitely a difference just like there's a difference between hourly atr Right this hour in the atr is at 23 five minute at r Is that six point seven nine? So you're If it depends on what time period you're using I I use the five minute atr, right? I'm a day trader shorter term I rarely use the Go ahead. Sorry. I I mean, I I know what david's getting at here. He's he's he's talking about the math Um, I don't know David if you if you quickly go through and do an atr on the on a 15 minute chart and compare it To a five minute three quarters of it on the 15 minute versus five I say we say so he's saying he's saying I'm using 80 80 so he's saying 15 minute Right, just use just use the flat atr the the full atr for 15 minute that could that might work I don't know if it does let me know but I'm assuming it's going to be different at certain points I mean if you're seeing the exact 80 percent of a five minute atr as a full 15 minute atr And it's always that then use a 15 minute atr Yeah, I I would imagine that they'll probably you'll probably see a difference because the the averages are going to be different, but Try it out Yeah, you can use whatever you want guys. This is this is what I use right So the whole point of these webinars isn't once again the mirror my trading It's not necessarily to do exactly, you know, you don't have to trade Like I trade you can say hey, I like that. I like that that he's using. I don't like that I'm indifferent on that and then you come up with your own trade plan, right? You never want to just try mirroring Guys, even if I gave you, you know buy here sell here stay it 95% of the guys on here guys and girls would still screw up the trade right because you'd be like Yeah, I don't think so. I'm gonna this isn't going to keep going. I'm out right It's like it's almost impossible for you to follow exactly what I'm saying I can give you the exact system which I'm giving you and most traders will still screw it up Right, so you want to make it to be your own Your own stuff and add in what you think is relevant You may have other stuff that you use You just want to be careful with having 55 things on your chart because you're never going to make sound decisions Or consistent decisions right because there's always going to be some conflicting data I know it seems like I'm using a lot of stuff, but I'm really not right. It's like Volume si volume book map number one lugs number two Structure all structures number one two you want to know where we're at in the bigger picture, right? So that's you know Those three things aren't the main things I use right and then I'll use Again, like, you know, I'll keep an eye on the edge. Like I said, right? Well relative volume you want to keep an eye on the relative volume to make sure it's not How those city and you want to keep an eye and make sure you're not initiating trades You know, you may not obviously not know I just have this but I don't like to initiate trades if we're over Bottle over sold that's not that technical and then I use tick strike tick strikes Just tell me what the you know if the stocks are agreeing or not Or and it lets me know like right now. I'm not so I'm staring at this market. Well, this is crude It's rolling but say I'm watching this. I have no I'm not my eyes not on crude This is why I use these things in the first place. I know they're buying crude It's pretty, you know, we're at 11. So that gives hey heads up. Okay. Well, they're buying crude Okay, so I bring it over right So it's pretty simplistic. I know it seems like I have 45 things, but I really don't and they're not conflicting at all They're all basically most of the time they're agreeing with each other All right, let's see. We're at and crude and see if we can peel out of one or two of these Nothing here. So You know, I will hold this To at least the directional look There's nothing here. There's v-wap. You may like to get out of v-wap I'll get out of v-wap if it's confluent with something else like a lug Here's another area where you want to watch, right? So that's actually probably confluent v-wap. Let's see v-wap is here Yeah, so I will get out of one there Not just because of v-wap v-wap is important and you can use that in your trading obviously But look, it's the top of this market profile composite, right right there So if this gets around 90 20 90 30 and it starts struggling I'm going to get out of one because what what I still think is going to happen here Where I said even though I think we're going to tag the bottom of this By today or tonight doesn't mean we can't do a short-term rally and that's what we that's why I got long, right? But I can see this struggling here And then turn around and doing that, right? So again, we're day traders. It could Doesn't mean you can't take long. It was like I did didn't feel good But I can see it definitely stopping here and then doing that eventually So I will get out of one or two here if it gets up to this area. Well You know I'm still on here either way. I'll still go out of one or two there So see if it's there Covered one and you see boom Six points. So I'm holding on to this. There's been nothing new, right? No reason for me to get out of the trade This zone these rolls on from the open, right? And then new ones came in so I don't I'm not trading off them anymore if we can get above this This is going to be key, right? If we can clear these two then we're going to rip Well, not necessarily because then then you had all this ice that got smoked last night and where I showed you This is this is going to be hard to rally. You got spot gamma levels, right? This is basically where this ice started coming in from last night. It was from 60 to 40 so I could definitely see A return to this and then a failure. So Keep an eye on this stuff Especially if this stuff is could flew on with other areas like lugs market profile stuff like that B-webs at 40 30. Yeah, see, I mean this red lug would be smack dab in the middle Oh for all that ice came in So if we happen to get up here and we start struggling I don't need to see the exact lug. You know, like if we get up into this area and Again, this is barring a bearer setup a bearer setup. I'll get out immediately, right? But say nothing happens when we make it all the way up to here watch this area carefully because I'm telling you This ice all this iceberg is like 10,000 icebergs that got smoked Right and held in here. This is exactly where it was Smoked so now we're coming we come back into there The guys that held on for dear life comes back. They're out of their trades and that leaves the next wave down That's the whole idea of retest failure All right any more questions Bruce definitely run out of gas. I don't remember talking this much straight through without any kind of questions for me No, I look I mean we've we've got most of them answered in here I I kind of knew the answers to a lot of them. So I just kind of went went forward with it Um, but no, I think I think we're all good Um, so, yeah There was something else I was going to show you guys with this peanut. I can't remember no Just pick a quick quick gander Simple so this I was going to show you too Do you see I'm down a little bit, but this is my biggest losing product This actually is wrong because I had a It's actually profitable. I haven't traded bots much, but I had to trade on last night I got out the red log. I'll show you that here. That's this I mean, so I'm actually profitable in cp. I only traded like two or three times That was last night's trade. I was long based on the setup at the close and then look what we did This is right when that news came out and this is right where I got out of this trade Popped up here. I got out And I did that while I was sleeping. I looked at it and overnight. I'm like, wow, that was a good act Oh, it's like these lugs are magical or something So this should be new lugs too. Let's see here new lugs Uh, so anyway This is my worst product. So when you do this You looked at the look of the hourly right You smart people say hey, you know what I dropped 45 grand at this time I might not want to trade at that time of day I might want to go work out get away from the screens and come back when the trade picks up This is when the algos kick in. I've known this for 20 years. This is not acceptable, right? I still make stupid mistakes too So that's the first one weekdays. I may want to be careful on How I trade on mondays, especially if the volume is not rocking and rolling throwing away money on a monday Like this is not you know rocket science, right? And then symbols, you know The volume instead of working on markets, you know, and I I've missed some really big trades in here So, you know, I know this is this would be profitable too. I guess to happen and this is shorter term too, right? So I know overall You know, this is a profitable product too. Do you have any data on a question to ask here about Which setups are working best like your stop and hold or broken eyes? I sure do. Oh, if that's once I can go in here and add on my So you could see here It's just so daunting for me because I'm doing my room and it's like I talk all day and then I I'm doing stuff and then at the end of the day, you gotta Don't get me wrong. You need to do this and I've been better at it like yesterday I had these winning trades and I actually went in here. You can see even right here See, I just haven't inputted them yet, right? But like Right, so I went in here yesterday and I actually Documented all these right. So let's so this was the I'll show you the setup. I got long yesterday Well, that's a lot of sweet So this is the sixth wonder of the world my sixth setup I'm coming up with a new course to add these and everything else all everything that'll be incorporated Um, but this was the setup, right? So I need to do this for every trade The problem is I'm doing these webinars, right the way you do this if you're you know, you're trading on your own And you're not talking to people all day long, right? You come in here and when you get a setup Why is this not working? So let me draw this but anyway, here was a setup We had this was the rare unicorn So we called step brothers and the room came up with it This is all another thing, but I'll go over it quickly Anyway, there was a huge stop run and by I should can't really see it's kind of condensed here That's this purple zone the unicorn zone He had a move away a retest I actually got long here right in the middle of the zone because we talked about this in the room again This is not my my normal entry is this this is why I added here but I got in here because it was it was um It was uh Confluent with fee web to the valuary and the yellow luck So I was wanting to give it a chance there But anyway, this was the normal entry and we caught the move up and then this this this happened here This stop run was a dumb and dumber and I got out But my point is I get off track very easily the point is that I need to go back in here So if you're trading on your own every time you put a trade screenshot What you saw on book map screenshot whatever else you're looking at and you come in here And you put in this is what's so great about this and you could put in your trades, right? So let's find when I started doing this early on in december and let's find a good one Not a good one when I actually did let's see. This software is unbelievable Traders think again go to my website that you have discounts to it. Let's see through nice.co 152co 152 contracts and that's that's at that uh market profile, right? Let's see what happens here. I know I'm jumping all over the place guys, but I gotta If this fails, I'm out I mean, I'm out of pride two of them because this is that market profile high that we just talked about And I know there's I'm getting out of two guys.co 150 ico 150 contracts the place today. Um So I have a feeling this was in march Yep So this this is why I hate trading the roll. You're getting split volume. Look at this. This isn't still in march This is 200 icebergs Right So again, why did I get out there or two of them be WAP? Confluent with you know why this is not trying for me now Things sucks Anyway, confluent with this right here So this could launch out of there and I'll hold it right I'll hold it up and we'll watch see what it does at the directional level But if this fail this could easily fail right here to be WAP and then come back Which I think it might do but that's why I'm getting out of two Not because I think something just because we're at an important level And especially you know if you want to draw this zone up in march You can still trade off of it. That's this it was by ice. I'm not gonna color it right now, but There you go. So that was profitable and that felt like remember I told you how bad that felt Did I trade about trade on what I felt I saw and my rules my rules Nice trade, right? My intuition is literally backwards in these markets what the hell goes I don't know how it draws. I don't I don't understand what's going on Oh, all right. I'm out of gas. What was I think I was showing you one other thing and then I'm Just keep going on these tangents showing you guys. Oh, I'm just going to show you one How you can do that how you can utilize this Right, so I think this one was a book map. What am I going to get right here? So this one I actually did it just Back to my original point It's you want to do this stuff right when it's occurring because if you wait to the end of the day Then you got to replay the book map, you know, if you shut it down you got to replay the setup You got to come with all your charts, but this is exactly how you guys need to do this, right? You show the setup Here you go That's that. Here's here's the ice. This was on a book map webinar too So if you want to see this exact setup go to this day and you can watch it this was what This number one So anyway, this is what the five I'm going to look at like I'm just showing where I enter the tray You want guys you do this enough then you're going to just start seeing these areas and you're going to come up A playbook. She'll like it's go time. It's go time. Here's my setup. This is what this looked like That was here. See we're breaking out of the market profile. So this is the stuff that you want to record So what I was saying is it's just a lot for me because I'm taught I'm doing the webinars I can't do all this and then I got to go back after the close if I've got like five or ten trades for the day I got to do this for every trade. So I'm way behind But I'm going to go back at least my you know going forward and probably for the last for February I'm going to go in and do that for every trade here, right every meaningful trade, but This is very important guys to track your trades track your setups, but you can see I just screwed that up, but I did have those labeled right. So actually let's go here Just quickly and see what it says I had not yet. I got to learn this too. I haven't been using this anywhere near like it should be Again, this is only a couple of them, but then you're going to see stop and hold a minus stop and hold Meaning it was a sell stop run that helped titanic That means sell ice right and you're going to see exactly what they remember This is only a couple setups. Once I get a couple months in here, then we'll be able to look at these, but I'm telling you this software is incredible. I need to use it more That's the moral of the story All right, I'm out of gas. I got a couple of these You know, I'll hold this last one if I see a better setup. I'm out. Actually, I will be out Based on this crude. I mean on this March contract So I'm going to keep an eye on that obviously I'm trading in April But if this gets an ATR below here or 80% of the ATR below here the equivalent I'm going to get out of that that April contract. Hopefully that makes sense Tomorrow I'll be better where it's not split volume, but You could trade short off of that too, but we're not going to get out of that right now So that and then I'm still along this I'll hold on to this and that's all I've done today, basically And then I was short the matter That was long the NASDAQ earlier for short. I can't remember now. It feels like three days ago All right guys covered a lot today You know, the whole idea of these webinars is to teach you guys and you know, you pick the stuff that you think's important and kind of more home training style Yeah, yeah, excellent excellent stuff scott. Uh, yeah, thank you very much. I mean, uh, like I said, it's just a A treat to kind of peek over your shoulder The way you're managing all these jumping in jumping out Your reasons behind it, um, really really good stuff Thank you, you know, I'm just hoping you guys are learning something, you know I make mistakes too, but you know, even in my room when I do dumb stuff The guys are at least, you know, it hurts to lose but at least I'm teaching hopefully guys like hey, don't do this Right. Don't be me Doing this So example we were talking about yesterday. I keep getting as you guys don't know if you've been on these But I keep getting stopped out to the tech I don't give a or entering to the tick and then it rips I don't care where I put it 80% at our 75 50 And they saw yesterday like I let that start getting to me, right? And you know, I'm human and I that for some reason is my biggest That is the one that pushes me over that that is what triggers me And I start going down this rabbit hole and I start and if I have a losing trade Then it's like I spiral out of control mentally, right? So, you know, they get to see that like wow, you know He's kind of an idiot too sometimes, right? So it's like and then hey, you know, I'm not going to do that If I get triggered, I'm going to walk away from the screen things like that. So that's what the trading room is for That's what this these webinars are for too. So even if I you know, I have losing trades or make mistakes You guys can hopefully learn from them Yeah, yeah, Andrew. Andrew has a quick comment in here. CL April contract is Is roughly 20 ticks higher. Uh, so um, anyway, right Right. Yeah, I mean you can pretty much draw the zone equivalent if you want, right? Basically just do this and Yeah, just figure out where those that you can see the cross here on here, right? I just draw the zone and then if it moves an ATR below there, you know Right tomorrow will be better. You know, I just this happens one or two days a month when they release contracts roll Especially crude and just be aware of it All right guys, um, I will We'll see you next we'll see you next thursday. Thanks. Thanks again, scott I appreciate it. Okay. Take care You too guys, we're going to roll over into the next room with Tom B. So look for that He'll be starting pretty pretty soon You know, similar between right now these webinars end and then about 12 o'clock somewhere somewhere in there You you'll see tom b start to start to come in. So, uh, yeah, take a look for that and good stuff over there And uh, we will catch up with you tomorrow with the advanced webinar after that