 Good morning traders and welcome to the bookmap pro trader webinar series for December 10th today We have Scott Pulsini and he's can be trading live futures order flow For those of you who are guests in here and don't attend the regular webinars You know, this is the pro trader webinar series. However, it's a little bit of a change Scott and Jay trader Wednesdays and Thursdays. We have live trading in our daily advanced webinars This is part of the book map education that you get when you subscribe to book map. Okay, so in fact It's for any subscriber right now or global global plus subscribers until the end of the year it is free after that It'll be for global plus subscribers. All right, so And all of these here's what you get as education. There's an educational course You have the daily advanced webinars Monday through Friday And it's three days a week. It's like the webinars We've always had their forward-looking and we read the order flow and give insight to where price is going to go And it's all based on supporting that educational course So you can apply what you've learned and you can ask questions Due to lots of requests We added live trading now we have two days a week Jay trader and Scott And they they're gonna take live physicians and and show how they use book map and moreover How they manage their trades? What were there's their decision making a process this year? What kind of insights did they glean from the order flow in book map, right? So We're just gonna do a regular webinar here today But you know you a lot of people have asked for requested Access to this so we have it for you here today and yesterday, right? So now I need to go through a few different things risk disclosure General disclosure here 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 live trading executed in simulation cannot accurately represent realistic trading performance We're pretty close, but our simulator is quite good. It does put you in the queue Okay, so it gets pretty close to it, but nonetheless like even one contract is gonna, you know, it could potentially change You know the order flow or outcome anyway Risk disclosure trading futures equities and digital currencies involves central risk of loss and is not suitable for all investors Investor could potentially lose all or more than the initial investment risk capitals money That can be lost without jeopardizing one's financial security nor lifestyle only risk capital should be used for trading and only those with Sufficient risk capital should consider trading past performance is not necessarily indicative of future results You can also read through the hypothetical performance disclosure here As well and then let's just jump in and introduce Scott for those of you who don't know him He's been trading for over 20 years and during the years of 2005 2002 to 2005 Scott was responsible for trading about 10% of the S&P E-mini volume an Incredible trader here incredible depth incredible experience. I mean just trading hundreds You know or I don't know. I mean at a time clips hundreds of contracts and You know massive positions here Scott now focuses trading on both equities and futures He's an expert scalper and has an innate ability to quickly read the order flow and volume within the price patterns And then here is Scott's Information here if you want to reach out to Scott if he's an he's an educator as well He's got a website email Twitter. He's got a trading room at that any other days of the week At we trade desk comm Special offers from book map. Okay for our educator partners. You can click on this link here And there's a special longer-term deals that are not offered from the book map website You can also see Scott's course here. Hey, it's on our book map marketplace Don't worry. I'll put all these links into the chat for you and you can click on them there and go to View some of the deals here. All right, so the special deal here though is from Scott is this is only for book map not a Combo package. Okay, it's only for a deal on the software of the platform All right, the course here is separate and you can click on this and I find out more about it Or just reach out to Scott, you know, it's got Scott at Scott pull chain trader comm One more thing I'm going to be putting it into the chat is a discount of 50% off of the first month of global and global plus Okay, this is there's a coupon code I'm going to put into a chat for you if you're interested in trying book map for the first month you're new here You can use this code and you get 50% off for that first month. All right It's just for the software. No no data is included in that either. Okay. It's just just the platform We're going to offer this Next week as well But the idea here was those that are attending these webinars. I'm going to try book map right now You've got the code and you can get the discount now. All right, so without further ado Let me turn it over to Scott and let him take it away The first year me Yep All right, let's get my handy-dandy webcam going so everyone could see my awesome new screens A lot we need it but multiple book maps. Wow, those do look awesome. Those look awesome Look at that So I'm going to when I see these Screen share I think you got a What screen do you guys see or do you see I don't I can't see that no no screen right now just Cam all right, so I'm long crude right now. I'll show you why Got a little late to the party because I wasn't that for the original breakout But I'll show you in a second if I can find my screen Yeah, we see it now Okay, cool. You see see the crude Yeah, of course, I can't There's some of these monitors are so old. I can't do anything on them. I'm going to switch screens again We love this over here. It's just really strange and I go to drag that book map and like nothing will happen on certain screens We'll go over here. Okay. Do you got the crude now? Yes, okay All right, so crude's in full fall breakout mode Let me show you a longer term first So this is exactly how I trade right now in the morning. I'll break down these Charts I draw these zones. These zones are important areas inflection areas where things happen like you can see over here You know, this is where this whole Move started down Things like that right so Some of these go back further But like as we're coming into these zones now these are important zones that we may stop So I'll get in a little bit into that but the bottom line is we are Breaking out of a smaller term balance area that was on top of a large term balance area and We're in full breakout mode and we just broke through this last zone here, which was the This is the last stand before this big breakdown this big gap down so we got through this zone here We're breaking out of here. So I got long. So I look at that. We're pretty extended So I was a little nervous to put this one on But I mean as you can see this is the five minute, right? This is pretty extended, but we're breaking out You know that big balance area and then what I do is I drill down to see for volume confirmation, right? So so this is coming back right now. This actually stopped right at the tip of that zone So I may if this comes back up to the absorption, which I'll show you see how it stopped right there I may cover a couple of these but you can see the buyer So this is the new indicator that bookmap has it's called the absorption indicator where it's showing you It's kind of like an iceberg We're showing you that the there's big passive orders coming in the book They're not going to the market They're putting them in as resting orders and they're getting filled on those. So I have my settings for the absorption for crude at 150 And so white is the passive buyers color black is the passive sellers color So I mean this the aggressors were the sellers here as you can see by these bubbles and you can see the big orders 150 or more we're taking Those orders, right? So it's kind of like an iceberg when they run into an iceberg If you guys are familiar with icebergs, it's the same type of thought process But not all traders use icebergs, right? My spurs are more for the big the big houses the big money In my experience. So I you know when I was the big trader, I never used icebergs I would just throw in orders at as it will come down, right? So I would have like a 300 lot sitting here and they would take it and I put it put another 300 lot in and they take it And I put another 300 lot in so it was like a kind of like a battle, right? So this is what this is telling you. So if this comes back up to this absorption I'm gonna get out of a couple of these this, you know, obviously it's a tiny profit I'm gonna show you why I got into this but there was an area much earlier I could have gotten in if I was in front of my computer at that time So I want to see this blow through back through this absorption Or I'm gonna if I see any red come in I'm gonna get out a half And then I'll just leave this stop in for now But I'm gonna show you my thinking or what I why I put this trade on the begin with I just want to see how this trans acts right here So I'm gonna get out of Give this one more second here see what happens because I'm gonna show you guys some equity stuff to Change this Okay, so the reason I'm getting out there like I showed you is that that zone that I have drawn from prior This is back in March, right? So let me zoom in on this So these zones are basically very important areas like I said and this is how I determine, you know, I try to trade The best I can only in important zones and decide whether they're going to be You know, if I'm going to fade the zone or if it's going to blow through the zone type of thing You can see here. You know, these are important areas that we may stall at right here. It doesn't mean we're not bullish It doesn't mean I'm gonna sell because we're breaking out of that longer-term balance area But I will cover positions, you know, you know, so I'm not shorting anything because of the Long-term bullishness right now, right? We broke out of this balance area. We broke out of this balance area I will cover and then wait for pullbacks if this can't get through this area right now But this was an area Um, you can see that we broke down from Right here right now 47 23. So this is like the start of this big breakdown that led to that huge sell-off that You remember everybody got smoked. Um, or not everybody a lot of people got smoked when the crude went negative negative 38 dollars at that guys with one loss were losing like 25 000 that That could not have been fun. I'm glad I was not involved in that um So anyway, let's let me pull this back up and I'll cover Okay, so what happened here? This was a stop and hold setup. This is this is one of my um One of my five SI The stop indicator tracker setups that I use that I based my course on high probability setups And they're all based on my personal experience as a big, you know One being a big-time scalper in the past, you know, knowing that the tendencies of the big money Um And the dumb money, right? So this was a stop run, which we usually call so it's 177 so And I have certain thresholds for each product as we'll see for certain products as we'll see as I You know get into this but for crude anything over Like over 100 is important, right? So if I see a stop run, that's like this is a good example 70 I don't pay attention to it, right? But if I see it over 100 That you know alerts me. Okay. Now I want to be paying attention. So the usual Um Stop runs are usually the retail trader that I call dumb money, right? And don't be offended because I am a retail trader now as well And they say that every webinar it's just we're not as informed as the the big money, right? The big funds the banks were just we're just not right. So It's why I call it the dumb money. So this is usually a Good sign where our good setup where you get the the dumb money puke and there's nothing behind it and then it just It just basically stops in his tracks, right? So My other setup is a stop and hold and this what this was Again when you get a stop run Through the area that has started and stopped and you can see a little bit of distortion a little bit below And some of these standard trade markets will go a little bit outside of it But then get back in right so this was the stop run here I drew the the zone and then once you can see I got in here right before the webinar But I got out I scratched and I just because I was going to try to get in with you guys watching But this is this is the more conservative entry as far as you want to see a break out of the zone If you if you if you get in in the zone, you don't really know what it is It could be a stop and hold or it could be a dumb and dumber, right? So you're being more aggressive getting in here. Yeah, you have to risk less But you don't really know what it is. I know for the context that we're breaking out So I got a little aggressive in here, but then I just scratched and waited to get on the the webinar So I I entered once we broke out of this zone See where we're at right now, actually Okay, so you can see here we failed at that Absorption so that was a zone. I just showed you an important zone from back in march And you can see the absorption tried to hold it lost that came back and retested this absorption And now it's now it's failing right so this is basically going to be the last stop for this You see that This blew through there. They held it up here. It came back up in here failed So if this blows through here, this is probably going to come down and stop me out. I would guess But and we could get another leg of mine So I'm just going to keep my original stop in there because we still have to go through this absorption and get through this stop run Area where guys get run over, right? So I'll just keep this as it is But I would not be surprised to see this kind of pause here and pull back Then I will definitely be looking for more long opportunities if the real-time volume shows me as it pulls back So I'll be looking for either absorption That holds or icebergs or maybe a dumb and dumber stop run the other way then I'll re-enter or I'll go full size again And then quickly and I'm hopping into these other markets, but You can see here. This was the entry was way back here on the breakout of that original bounce area This was yet another stop and hold multiple in a row here, right? So you can see this This one was 241 huge, right? This is two and a half times my threshold that I looked for and you can see so I drew this zone in and here's another one here 173 that was up in this area. I just drew the first one, but you can see the zone held perfectly These aren't coincidences why these why this stuff holds, right? Stop run fired off guys got run over comes back guys are that got you know That had their solar sitting here as it comes back they peel out and it holds the zone and it turns into a stop and hold And then you can see this is the area to enter right here. So you can see there was absorption Here's the zone once it got above there. This is where you wanted to enter You know and then we had another one up here So I got into the party late and now we're in again. We're gonna probably struggle in here a little bit into this zone I hope I'm wrong and it keeps going but So that was a thinking in there and I showed you guys the breakout of the longer term zone. So that's why I am long crude Again, I even if I get a short signal now Um, you know on the SI indicators say something happens where it would be a Normally a short. I am not shorting this market and that's what I tell people That have purchased my course is you don't want to just trade the SI indicator setups in a vacuum, right? This isn't oh, I'm sorry Hold on one second here This is a major. This is a breakout You don't want to be stepping in front of a breakout of a huge balance area, right? So even if I get a bearish setup as we come into these zones, I'm not going to turn on and go short I'll get out of my long but I'm not going to go short until This is violated or say we drew another one over time and then we broke down out of that one Then maybe I'll consider it but longer term. We're still big time bullish All right, that's enough for crude. Let's take a look at some of these other markets here I'm gonna try to show this big screen Tell me what it looks like bruce because my it hurts me to turn to the screen hurts my neck. So let me see if uh Tell me what that looks like on your end. Maybe I'll try to present with all these screens here We can cover a lot of stuff then Wow, I mean, uh, yeah, we we can see all three. Um, and then all the all the smaller charts down below The resolution is very high though. So it's very difficult to to see the uh numerical values Oh, so you can't see the numbers. Okay, that's what I was really Okay, um Yeah, well, she's other screens worked Okay, um, so I'll go back to this screen then Any questions before I move on? Am I thinking there? Um Let's see. Um, no, Philip is just he wants to look at gold. Uh, but I don't know if you want to explain a little bit um about, you know, your strategy basically, uh, Philip I mean Scott's looking for uh, some sort of You know skewed massive event that occurs with stop and icebergs And then he's looking at the order flow So if he doesn't get an alert for gold then he won't be looking at it basically Right, so I use my zones Um So I use my zones You know my prior zones and then stuff new stuff I'll build new zones and then I then I look for you know, I base a thesis for the day, right? So I you know this morning I I open up my I look at crude and I see We're breaking out right so I want to be long now. I'm looking for areas to potentially be long Um, you know based on my zones and so if it rips through a zone, which it just did here And I got to stop and hold that's you know now I'm looking what it does into this zone So I use my zones either to fade trades or once they bust through to go with the move Right and again, this is a go with the move type trade because we're breaking out All right, so let's uh Let's talk about equities here a little bit so you can see I know how shocking this is to any equity traders But we have done a rare bungee jump On the sell-off. I think this is the first time this has ever had. Oh wait. No, it happens every single time We sell off. So I actually thought today. Um, I was short overnight. I'm going to show you why I'm going to show you how Prior areas from yesterday right at the close helped me I got long at the close and I held it all night and I knew I had a very good area that I was trading from I'll show you that here in a second, but You can see here. We came right down to this zone. What was the zone this zone was Last time I came here and put in a big buying tail another big buying tail here, right? But you know, this was here before what was this zone? This was the balance area This was the top of the balance area right and see resistance resistance resistance resistance Then it was support right once once markets break through resistance. They become support. So you can see then it turned in support buying tail came down almost the exact tick another another bungee jump for the equities, right? So I will look for shorts into this zone now So I'm hoping we get up here and what I'm on and I'm going to show you why one the zone's important from before But then what happened yesterday? It's even more important Let's take a look in here real quick see what's firing off in there All right, so I know we're approaching some zones that I may want to short if some of the stuff starts to fail So this is definitely threshold. So you can see here's an iceberg a buy iceberg right here It's 150 Which is my threshold I've up my threshold a little bit used to be 100 Now I'm near 150. You could see here. So here's a good example right here 223 Look at the look at the buy ice that came in here and held this market up, right? So again, I just don't I don't trade these in the vacuum I look for certain areas to do this, but this is just a good example, right? So this was the buy ice started You know threshold was basically right here Right This was still by ice, but it was a little less. This is the major buy ice. You can see See all this red they're trying to hammer down Guys going to the market and they're running a hit an iceberg orders and then they say, oh, no Time to get out, right? So now what a good pattern is again I need to look at my zones here, but one of the gray patterns is when it moves away retest You see the blue you can get in but your stop below here, right? So if you missed this breakaway from this iceberg So many times I mean percentage wise I'd say 80 percent of the time it will retest it in some Capacity where you and then you know if the blood flows right through no You don't want to get long But if you see this come into this zone or just to the top and then you see the blue come in Actually, I'll just take this trade because I'm not risking much just to show you guys I am I do want to be long I mean I want to this is looking long but we're approaching the zone that is a little That I may want to short so I'm getting long here My stop is going to go below where this iceberg came in, right? So I'm going to put my stop right there Again, this has kind of been in a vacuum. I'm going to show you guys here and see what it looks like I'm a longer term Okay, so we're fine. So I was thinking we're closer to the zone So I'm interested in shorting on a move back into the zone if if I get the real-time volume confirming it This is why you guys have such an advantage over bar chart traders Indicator traders blah blah blah blah blah blah nothing means anything on these charts unless the real-time volume is backing it up Lines are lines. You want the the real-time volume backing up the trade, right? So This is not that important of an area where I'm afraid to go long I will look into this zone to maybe take profit if this trade works And then I'm also I won't be afraid to short this as well because you saw this move down yesterday That just burned through all of these zones that tells you something, right? I still think we may do one of these because of how the market Went through the zones. So it's what happened even though these didn't hold Actually it's because they didn't hold and it went right through that tells you something, right? So it doesn't mean you just hop on you know short randomly But as we come back you should know we blew through all these zones with ease like hot night through butter So that tells me something's changing in these markets, right? So I think we might bunch of jump into one of these and I think that's going to happen today So we'll see again my opinion But right now I'm long Let's see if this holds Again, this I put this on before I looked at that. This is not a terrible trade Because this is large ice, right? So I want to see this hold again. I just showed what this area is Right and then you see this absorption too So you had icebergs absorbing then you had someone dropping in Bids and they tried to hit into it and obviously this was all my my settings for nasdaq absorption. I think are 150 See here No only 100 so Again, I don't like to see this hanging here. There's this thing should have touched here and taken off But again, I'm not risking a ton on this trade nasdaq terms, right? I'm risking What I get in at rental five I'm risking down to 91 14 points. That's like a sneeze in the nasdaq. So Again, I didn't really want to get long this market I wanted to wait until we got up here because what I just showed you this tells me something I'm going to show you an example on gold when I this finally happened in gold then it turned into a down longer term downturn, right? This is not positive for Nasdaq That's why I don't really want to be getting long I want to wait to look for this zone to get short But I just wanted to kind of show you guys how you can possibly trade these setups You know, if this was a this was a bullish scenario I would I would love this trade, right? Like if this happened in crude, I'd absolutely love this trade. This is not a great area to Potentially be long, but that's fine Where is my jar? So again, that was this Right we moved away. We retested. I got long here. Stop goes below this area So normally so say this is a long setup and everything's lining long for me If this comes down because nasdaq does this a lot just like the inner trader markets Like I said earlier with crude and gold it will pop below and sometimes stop me out And if it pops back into the zone, I will give it one more try and then put my stop in the exact same place So say it pops all the way down to here and stops me out I won't get back in the zone and then put my stop all the way down here I will keep my stop in the same exact spot because in my mind this should not come down again if I'm right, right? So you got to give it one more shot That's what I have normally do in this situation I'm not going to do that because I don't really want to be long per se In this area and I'm about to get stopped out, right? So again, bigger context tells me this is going to be a bearish market You know, this is the bungee jump we got now What you could do here I don't want to do it because I want to put trade in my zones Once this fails that tells you something too, right? So if you want to I just got stopped out there So if you want to you can short it and then put your stop above there But again, this zone is not worth anything to me. So I'm not going to you know, I'm going to let this play out I took my shot on the long there for a quick I was hoping we get to move back into this zone. I still think it's going to happen But we'll let this play out in in my charts. This this area is nothing, right? So I don't really want to play in areas that are not important I just want to play in areas that are important. Why was this why is this next zone up important? We can see here. You had support support first versus resistance resistance support buying tail buying tail, right? And then now we burn right through it So I am I would love this to come up here and then get a short signal and then I will short this market Um So that's NAS back. I think I was showing you guys before that Again, if this was higher, I would short this especially on this broken ice So this is this is a setup of broken ice, right? You had the Iceberg take a stand and now it's back through it It's trying anyway. Once it moves a little lower, it'll be broken ice And that's when we get short and put your step above In a meaningful area Okay, so es So I was telling you about this zone yesterday or what happened here at the close yesterday. You can see it was a big selling tail Right here Right, so that's important If you're you know, if you're a bar chart trader and you want to can see this you can see it failed in the zone Where it ripped right through yesterday we talked about I just talked about how when markets rip through important areas That's that's good information meaning this may be starting to turn Both are bearish, right? So overall So now I don't want it retested yesterday. That's exactly where it failed put in a selling tail So what happened there where I was I said, okay, I want to put on a short overnight This is the close yesterday A screenshot of it for you guys Well, look at look at all the volume now you tell me anybody training a bar chart Is any idea that this happened in this area, right? Look at look at this It won't Won't populate the the numbers for you because it's a screenshot But this was almost 3000 sell ice And I drew the zone here and actually started a little earlier than that because there's some bias here that was wrong So I'd say right around 79 Right where this absorption happened all the way down to 64 you had It just just kept coming in right and you can see all the absorption these absorptions were set at 400 So these are all 400 absorptions, you know coupled with this sell ice In this zone right so and then you see the bias come in at the bottom of the zone So this area was really really important overnight. So when we Right, so we did this overnight for a while Right, and we came back up right at that right at the open yesterday We came back up in this area and this is exactly where I shorted and I put my stop A little bit above where the sites really started to come in Because my zone was there. I'll show you that in a second But you know see if you look at your charts once we broke this area this morning That was the acceleration. Why? Because guys that are loaded up here They have to be without their positions, right? So This is why I got in here. I know again if you don't have bookmip you have no idea That this this kind of iceberg Participation was in the zone, right? So now We or do we come back into that zone? This is right now right So it's not always what's right in front of your face guys and girls, right? You want to you want to know these areas so you know areas to short right the same as me drawing zones I want to know. Hey, there was a ton of of icebergs in this area and you can see we stopped basically I mean the top was like right here. This is we stopped right in that In that iceberg zone, right? But by the administrator, I see a stop looks like a dumb and dumber here Let's take a look because I've been Watering at the mouth to short this on this bungee jump 380 now, so that's a little so my thresholds for For es stop stops are 500 icebergs are 700 So I don't I rarely will take any type of trade if it's not at least those thresholds, you know If it's a really slow day and we get like 460 or something. I'll trade it like 460 stop run This is not a slow day. So I'm not I'm not paying attention to anything until we see over 500, right? So I'm going to let this thing play out a little bit Scott can you show the settings on the stop iceberg tracker like Using some what summation are you using there? Yeah, I'm using sliding mode Sliding mode. So in my course, I use exponential, which is pretty close I'll even change it here to show you right. So let's watch this iceberg here if I change it to exponential So you can see it. Well, it's still forming, but it exponential is like a decay So it still shows you the peaks, but it decays over a minute the sliding shows you More the exact area Of the real iceberg raise not just a decay value But you can read all about that Bruce can put that they got a whole wiki page about it. You can read about You know, you don't want to confuse yourself. You just want to know that Sliding is probably the best for if you're day trading in my opinion. That's what I use And you know icebergs are just hidden by order. So if it's above zero They're hidden by orders in the book that's below zero. They're hidden cell orders in the book And you want to know where paper Because most of the time icebergs are the big money, right the the smart money you want to know where they're taking a stand And if they're right or if they're wrong, it doesn't mean they're always right But when they're wrong, that's that's something to take note of too. You saw there at the end of the day yesterday There are some icebergs big by icebergs down on the 65 area Right and they ended up being wrong. We went up a little higher But then when we broke it, that's what caused that move down to 50 this morning, right? That's the fuel guys that got long there have to puke out their positions. So it's just really good to know those areas um, so anyway, I have 500 for the stops you can see here 700. This is awesome too. This will Read out when the icebergs because obviously I'm watching 20 different futures markets at times So it'll read out s&p ice or um s&p saps you can put whatever you want to here You know, you can put stop run you moron or whatever whatever you want to put you can make it funny or whatever But um, and then I set my stop runs at 10 seconds and you want these uniform, right? So you can see up here this this is the graphical stuff here I got my stop runs set at 10 seconds my my icebergs will go up to a minute Because you can see the icebergs sometimes take longer to form you can see here yesterday This was well over a minute as these icebergs came in right? So I want to see See that I give it a little more time than a stop run a stop run should be immediate, right? So 10 seconds is probably too long to it's probably probably have this at two seconds, right? So stop runs are 10 seconds icebergs are at one minute and then this is just your alerts And you want to obviously uniform so it's reading off the chart stuff down here, right? That's what this stuff is set to so I got 10 seconds to 60 seconds here Um, and then I have what it's going to read off to me um, and then also I've been getting a lot of questions about this if you guys The newest version has a couple bugs in it where it's not reading off all the alerts So you want to revert to the 3.0.0? I'm sure you can you can google or you can Email support at bookmark.com they can give you that or you can email me and I have a link for that as well For that download if you want to get if you want to revert until they get that cleared up And they told me they let me know when they had that done Um, so those are my settings for that and then you can see here These are the alerts that fire off so I know You know what? You know in case I'm missing I forgot I even had that position. What's going on in crude here It's kind of hard to pay. Yeah, awesome. So there you go guys. So this is still I got out But you know again, I didn't get out of that That initial too lot because I wanted to save money, right? I got out because I wanted because I saw something that Made me um, I knew we were into a zone and I saw this Absorption start to fail, but you can see this one still hold. I guess I could have came a little bit lower But I got out for a reason. I didn't get out because I wanted to By christmas presents. I needed the money, right? I got out for a reason So now we're starting to head into another zone here Where is my crude zone? Hold on one second Just in case you guys jumped on this long I want to make sure that everyone's seeing the same thing now. We're into this zone. What's this zone here? This is the same zone I showed you know, we're pretty extended now from this balance area I don't want to short it, but you could short, you know, if it This isn't the right chart And a chart that reached back like Six months We're showing you guys this zone. It's gone now. It's not cool Oh, well, I showed I showed you guys this zone earlier. So anyway, this is pretty far extended So if I get any reason to cover this, I'm going to cover it meaning any real-time vines. So here's a good example one Here you go. You got cell ice coming in now finally, right? It's first cell ice probably threshold Of all the whole days. Well, you figure that out. You scrunch your chart and take a look. Look at that First time papers starting to fight back We have absorption here trying to hold it up. So if this starts to fail I'm going to get out of the rest of this position and then I'll wait for pullbacks to get long again Right. I'm not getting out again because I'm looking at my P&L and say, oh, I want to save this thousand dollars I'm getting out for a reason. I see cell ice taking a stand here Um, again, they're not right yet, right? They're trying to hold this and Then buyers are trying to someone's trying to absorb it to absorb the selling Right. So you kind of have dueling forces. It doesn't matter. It matters that there's a lot of volume occurring in this area That's worth noting, right? And I know I'm in new and important zone. So if this fails Actually cell ice was over here. So let's draw this So this is actually broken ice right now. So this is a bullish setup still You can see here where this started probably right around here You can see my cross here and went all the way to about there So that's good to know, right? So right now So this is the same setup I showed you guys It was actually by ice, but it's the same Principle, right? So this iceberg got run over, right? This is a perfect example of paper not always being right. So A big house came in or whatever big trader whoever had a cell iceberg in here That see this big buying this buying this buying it was running into this iceberg and guess who won The market buyers and now we're ripping higher. So this provides fuel for The next move up, right? So this this absorption was probably some of this iceberg saying, okay, please let me out Right, but a good a good Pattern again 80 of the time you'll get one of these especially when it's paper. That's wrong, right? You'll get one of these You'll get one of these retest then it'll go So what I'm going to do because I know we're at the top of that zone now if this gets back below this absorption I'm going to stop out and then I'm probably going to re-enter if we get back into this and I see A retest failed and I'm going to get back in again. It's kind of a scalping But I'm doing it for a reason, right? But I'm not just getting out blindly here Look at this thing's just rolling So let me see here. So what I'm going to do here is I will We get back below that absorption. I'm going to stop out there And then I'm going to watch to see how it reacts when it comes back to I'll watch this but I really want to re-enter back into this Area where this iceberg got smoked right If I see something else happen, then I'll trail this up, right? So this is why you guys should be trailing stops not because you want to save money It's because I'm basing it on structure, right? So I trail this stop up cancel that Why not because I like my profit is because I want to I see a reason To get out if this fails right now, right? I know my zone. I know this is the top of that zone from back in march And I know that this whoever absorbed this is now not winning anymore It doesn't mean I'm going to get short, but I'm out for right now. That's how you trail your stops for Reasons on the chart volume wise not because you just want to trail your stop The algos are dying for you guys to trail your stops and in significant areas, right? Because they love to do this nonsense as everybody here who's ever traded knows, right? I mean trades if you put on and You know you're long and then you have to deal with this nonsense for you know I don't every webinar I've been on we've had to deal with something like this, right? So when you trail your stops that what do you think the algos are trying to do? They're trying to you know Algos see the same stuff we see they see even more, right? So they know the areas where they can start playing games where paper is not the big money is not participating And that's why you get this and if you're trailing your stuff for no reason You're going to get stopped out 95 on the time in my opinion You know from my experience All right, so that's um Again, if I get something else, I'll trail it up if I get an absorption that fails I'll trail it up above there, but I'm just going to let this run now if I get a bearish si setup So what you could have actually done here what I should have done if I was on top of this chart, right? This is a perfect example how if you guys catch a trend day You can have a month making year making day, right? So the first entry was where? Right, and this is about trailing your stops and adding Whole new positions, right? This is you know, I just got into this guy But I should add it but I'm going to show you this first, right? So this was one first thing stop and hold we talked about you enter you enter right there We broke out of that big balancer that we talked about then you get this one, right? So what you do? So say your stop was here for this one you move your stop up now below that you enter again Right there. So now you have two positions on they're completely independent But you don't want to see the the next area up violated So now you so you have your stop for this Long in right here and you trail this stop up now you got two positions Then you get a broken ice Another setup one of the five one of my five setups. What do you do? You enter once it busts away from there, right? And then you trail this stop up Then you trail this stop up now you have three independent positions on This thing keeps going you're going to have a month making Year making trade, right? And there's no heat who cares if this thing comes back You know, I'm not going to trail these these stops up to say I wasn't long from down here I'm going to wait for something here. These are a little smaller So I wouldn't I wouldn't trail the big guys up or these these big profit makers up I can still keep them here until I see now if I see something else I'll do the same thing if it's bullish. I'll add another position trail them up if it's bearish I'll get out of everything, right? So if I see If I see sell ice coming in for instance, and it doesn't rip away then I'm out Then I go out of all three positions right now So, you know hypothetically pretend I have three visit you should have three positions on without any heat whatsoever in in this trade Right knowing we were breaking out You know of the balance area Knowing the real-time volume of supporting your breakout theory or your thesis. We sounded thesis. It's happening, right? And there you go. This is a huge huge you could have three units on You know, so say you're just trading two lots. You could have six units on or six lots on You know, we're at a hundred tick. We're 100 hundred ticks from your first It's like a six seven thousand dollar trade when you usually make 300 dollars on a trade, right? I'm just giving you hypotheticals But you can see how using real-time volume allows you to trail your stops allows you to add to positions And not just blindly you tell me how you know on this chart Where you want to be adding this trade? You're just going to guess blindly on the on this conviction bar. I'll go I like this one here. I mean again Say you don't have these zones and you don't know these areas and you're just you're just going to blindly buy How many times have you seen? You know breakouts are made to screw guys over, right? How many times have you seen this move, right? Or it does this and then it pulls back a little bit. Then it goes, right? This is this is a very rare I'd say 20 of the time you get this beeline just straight straight straight straight without any type of pullback, right? But if you have the real-time volume the book that volume you're on top of it and you're adding and you're you're crushing it You have 100 ticks on on the first third you have 50 ticks on your second third You're you're looking at another 20 What are we here another 30 ticks on the on the on the next third and this is still going there's no no reason to get out So this is why I keep telling everybody you know on my webinars and anyone else in my trade rooms If you do not have the real-time volume And this kind of information that book map gives you you do not have all the information I don't if you're successful great just think how much how much more successful you could be if you have this information Are you're seeing in here before your eyes, right? All right, so I may get stopped out of this last two lot And that's mine if I so say this stops me out and it comes up and I get another bullish another bullish setup Well, I'll get right back in right What I want to see happen is if this does stop me out I want to see it come back to some of these other areas Then I'm going to re-enter right because that's the usual pattern for any of these markets Is you know rips pulls back Then goes pulls back then goes right Any questions bruce Yes, I've been answering a lot of them and you just did a really great job there Answering them in a lot of detail and then some uh, so uh, so thank you for that Really great stuff scott. I mean to see like, you know, how how an expert manages his trades um, a few questions One max is asking. Um, so do you only use the si tracker to uh to trail the stops or also absorption? Uh, well, you know, I usually don't use absorptions the trail side just said that because they're more You know many times you're going to get the absorptions with this stuff too, right? Yeah, exactly Because it does take an account the icebergs, but it's not the cme mbo data So you can use that you can use this absorption stuff with any data feed, which is You know Is that don't want to get the other side because I don't want to pay for the rhythmic data feed The absorption you can get for any data feed. Um, it's a different type of algorithm that they're using You can use it for stocks. You can use it for bitcoin. You can use it for for anything But to answer your original question, I will not Usually, I mean if I see a bunch of absorptions like kind of like I showed you So this is a different story, right? Look at that. Look at these. Yeah, I'll I'll trail a stop If I see something like this and he gets below there, absolutely But usually I just rely on the si indicator You know an opposite setup my one of my opposite setups meaning Once I get a bearish setup that I'm out Going this way again, you've got to trade this in context Doesn't mean I'm turning around and going short Even though this is not the worst area to you know, maybe try for a reactionary short You see look look where we're stopping right at the top of the zone But I don't want I don't want to fade You know a trending market, right? That's why you don't use this the stuff in a vacuum Use your common sense. Okay. I know not everyone has 20 plus year experience trading You don't need 20 year experience to trading to see That this market traded in a range and now we're breaking out Why do you want to short this market? You don't want to short this market here? I mean, maybe something like that Yeah Where you want to short this market is if this breakout starts to fail and we get below the high volume node of this Of this area then then you can short it speaking in which Bruce I said this last webinar too So I'm doing a we're doing a live webinar on saturday Um like a whole workshop With the we trade desk i'm presenting in there I'm showing how I draw my zones the four reasons I draw my zones and I go over all this stuff That I forgot to mention So I'm going to put this in the chat the link to that if you guys want to join in on that I'm not sure the class. I don't think it's too much, but there's like four Very good presenters on the top of me in there. Um Let me put this in here real quick. Yeah, please put that in the chat. Um, let's see Michael I I saw your question earlier Guys, I if I if I don't get your question, then Yeah, I mean I usually do, but yeah type it in again here Michael's asking about when do you roll? During rollover period. Are you waiting for the vols to turn over or You open interest or what what exactly? Um, it's actually very very scientific so very complicated. So what I do is I go to the CME website And then I will go to markets And then I will I'm being sarcastic It's not so then all I do is I just go to the You know, you can start to tell um, you know, first of all, I'm in a chat room I presented in the week at week trade desk room three times a week So people are always talking about what you do is you just go to the product And you look and you say, okay, what product has the most volume, right? So I know I know as we roll like crude crude's a good example Let's go to crude as we roll. It'll be like 50 50 I'll stay on the prior month until the new month has the majority of the volume, right? So you do this And then you look here, right so you can see February starting to creep up Right, so again not technical at all. I was being trying to make a funny, right? But you see 200 221,000 contracts. Why is this not working because I have the eraser on 221,000 versus 70,000, right? So When this starts to you know as we get closer to the rollover date I don't even know the date it is but you you'll start to tell because you'll also start to get less Stops too because the obviously the volume isn't as strong in that market on my si stuff So I'll start to notice there But you know, I just am aware of these markets and when I see like, you know 100,000 100,000 and I'm like, okay, probably tomorrow. I'm going to roll I still keep it on the on the prior month But then when this starts to you know, then this turns to 120 versus 80 then I'll switch over to them So again, not scientific at all. I know It's very proprietary. You might want to patent that Right Yeah, use your eyeballs and look at what has the most volume um Yeah, but I mean some of these some of these don't roll for three months at a time, right every quarter the markets like crude and Like natural gas, I think natural gas does monthly as well. Um, you know, just keep an eye on it You know, when if you're trading these markets enough, you know, right? So Yeah, yeah, thank you. Uh, let's see a few more questions. Uh, since we got you here, um What are your settings on the es for the absorption indicator and and jill? Um, they um, they will change like even between you know Morning and afternoon. Uh, but you need to play around with it. I don't I don't change it very often Bruce Okay So I just leave especially yes because yes If you could believe it or not the mark that I made millions of dollars in is my most hated market I seriously want to punch my screen most of the time. I'm trading it So I just leave it mine are set at 400 and I leave it that way Um Meaning I don't even I don't even want to play games with it unless it's trading 400 So I have 400 one second Same price So same price just means that it won't won't draw the absorption unless all that volume happened at one price because if you go to If you take same same price off, you'll see this here. Let's see if this works Yeah, see that that's not helpful to me. So that means 400 traded over a second over all of these prices Like that this is this just too much, right? I don't want to signal the fires off 45 times a day, right? Same with the si indicator That's why I thresholds, right? I know what's important. What's not I don't want to be taking trades that I see this si indicator firing off 22 times. I want to see So if you know if your settings are correct in the si if you're only seeing a fire off Three four five times a day. You don't want to see much more than that, right? Unless it's a very active day I put this back here So again, you know the absorption is basically like an iceberg. It's just someone just throwing in, you know Order so you can see look at this one was really nice, right came down You can see the big red bubble the market sellers somebody said, yeah, I'll take those Um And then you can you know, you can mess around too on certain days Like bruce said you can or certain times a day You know, if it's when it's dead you just start playing around with this make it, you know 600 See if that's the see if that's a good threshold for the day, right? See if that still stayed in there. No just disappeared, right? So That's too much. You see there's none on the chart. So that's just too much. Let's try 500 No, so 400 400 is a good again I'm gonna come out of the course with this stuff too is setups and everything else I just I need to I need to watch it and back test it and stuff Because it's brand new, you know, it's been out a week and a half. I've had it so I want to um I want to really start to see the tendencies and When you use it when you you know, you don't jump on things kind of like the essay indicator, right? You don't want to be using it in the vacuum. You want to be waiting for overall context Turn this off for now But yeah, so that's my settings for that Okay Yeah, adam's asking about like when we're at all-time highs, uh like some of these stock indexes How do you handle that? Do you just look at some of the bigger figure numbers or um That's exactly where you want the real-time volume, right? I mean, you're it's exactly it, right? So you you know You're trading all-time highs. You're up here. What how do you know like what there's nothing to trade off of right here, right? I actually need to draw zones for this too Why one because this is again, I'm going over this Saturday to more in way more in depth But you know, this is obviously the hot and then what else is this? this is where Why is this not trying for me? There you go I'm sure there's a faster way to do this, but I'm not very technical Um, because this is where this huge conviction move started, right? That's very very very important I can show you 20 of them on the chart where you see That's where this started So I can I'll bet anybody anything next time we come up to this area. There will be a reaction Right if there's not then that's really good information But 95 chance because of what happened here, which I just showed you guys why I'm starting to really start to think This could be the top because of Oh, I wanted to show you guys the goal to an exact example. I'm talking about here before I hop off but And adam, uh, also he's going to be looking of course I mean one of the beauties of the heat map in the full depth of market is look at look at where the liquidity is Not just the big figures, but where the liquidity is Right. Well, yeah, my point is I guarantee you I don't have the chart of the system yesterday, but Um, something happened up here volume wise. So that's how you know Because you can only you don't have anything to go to prior prior structure prior zones prior anything, right? So that's when you let the real time bottom you tell you, okay, this is the this is the top, right? So anyway, because we blew through all these zones Just right through hot knife through butter, right when it takes it's almost impossible for the signal to sell off That's very good information. Now again, we're getting closer to this zone I got stopped on that that small long I tried but I'm watching intently back into this zone that zone is You know 12 12 4 50 12 4 60 to 12 4 48 I will be watching for any kind if I get anything I'm talking absorption That fails I'm talking as I indicator and here's another thing too guys. We talked about this and I've talked about this in about Every webinar I've ever done for book map liquidity long-term liquidity in the book is a magnet, right? That's the big money that almost always gets they always get their way, but sometimes it's not right away But you can see now as we come into that area. This is the exact area. I just showed you on the chart This is not coincidental look at the look at what's sitting up here, right? Yeah, this band this came in pretty much right after they open all this liquidity and that's all within that zone Once they these paper gets their fills That you know, you play it up. So say you wanted to get long down here You had a setup your target should be this liquidity. Yeah, I have a zone there But I'm also paying attention again the real-time buying look at all this liquidity This is big money that wants to get filled. They will get this market up there I use this example all the time this used to be me. I think I talked about this last webinar I would put say this the mini s&p. I put 500 In the order book 500 500 500 500 then I start buying down here, right? Then I get guys to jump in guys would be oh look at big papers buying because you couldn't tell anything back then, right? This is just all order flow and I get a cascade of buying behind me And then we'll run it right into my orders to either get out of my longs or initiate short That's exactly what's going on here guys Trust me and when we talk about it all the time go watch my prior webinars These are such great areas one for targets if you do to get long down here Or once this gets taken out once it fails back down great short And that's going to be confluent with that zone and if I get something on the short side It's going to be like a triple whammy where you get you get everything you get Paper got their fill it failed below back below it you get a si indicator setup boom So that's how I trade that I want to show you one quick thing And that but always pay attention and liquidity. You don't always get it so such clear cut in these futures like es and q That's why sometimes I will use we've talked about this on many webinars too. I'll use the spy and the In the cues to to kind of judge a little better And having this problem with this be why I don't know why it won't load for me there one second here Let's look at cues You know why it does that cruise like it won't load to the regular price. I don't know why it does that Uh, that is odd. Yeah, it's not there's maybe a dx feed issue there. I'm I'm not sure sometimes I have to like x out of it and then reload it but So I do this sometimes too, right? So look how much clearer that clearer this is than Than this right because you got all the elbows playing games in here This just tells me okay. Look at this big band. Look when it came in it's been here all day There's I Put it at 80 chance this comes up here, which is confluent with that zone and futures. They get their fill and then There we go, right? Yeah, it's fascinating You know and these are important levels in the cues and sp y as well That was verified earlier in the week with uh, Brent, uh, kachuba was talking about those options levels. In fact On those instruments spot gamma Yeah Yeah, spot gamma guys. I highly recommend you get to again. I have no real no affiliation with them except for using them But they really help you Know where options dealers are going to be hedging their positions with futures, right? That is market moving information I don't know why it's not in here. I had it for nasdaq As well, but you get in for nasdaq russell e many You can see here. Here's some levels here when you do it like this You just know where so if we happen to get back up into this area Right, you know, this is not this is going to be resistance because you have options dealers hedging their positions Up at these prices, right And same with down here. There's a little couple little guys here, but again Go to his site. It's very technical. It's a lot of it's over my head I don't claim there'd be some wizard at the options. I all I want to know again Anybody that's ever watched my webinar, you know, I keep things stupid simple, right? And that's what helps me, you know Be successful is because I don't confuse myself, right? Don't confuse yourself with 45 things on your chart Just know hey or try to really really. I mean you can do whatever you want. I don't Care why what and why I just know these are important levels. That's it. That's a resistance level Just like a line on a chart, right um Okay, quickly what I wanted to show you guys about burning through levels how it forecasts what's going to happen going forward um, so this is gold Which is in the downtrend, right? We talked about this market last week He this thing Why I can't I don't understand why I can't go back. I guess we'll do it this way, but I don't know why I can't So anyway, it doesn't really matter. I mean for what I want to show you guys so The exact thing that just happened in aztec yesterday, right? So this was You know, it wasn't it wasn't as large as a balance area, but the point is it blew through a lot of important zones We've talked about this before too, but I'm just going to go over one more time So you see this monster balance area, right? Built another balance area on top of a balance looks just like crude, right? That's why it should have done this. What did it do? It did not do that It failed and then look at what it did through all of these important zones All of these these are going back even some of these are going back before this balance area, right? The point is it doesn't matter what they're what they are. It matters. We just blew right through them and you can see Trying to hold no dice Every time it rallies it gets smacked down, right? So again, this foretold you foretold that something was was amiss and cold But you don't want to be you want to just be looking for shorts and important areas, right? And you can see every time this thing rallies It'll rally, but once it gets to these important areas Where that balance area was And where that conviction bar blew through everything That's where it can't go any higher Right So until we can get back above this stuff Favorite shorts and gold So that's what I was trying to show you guys with NASDAQ That was a change in character For this market, right? When does it really You had one here And then you know, then it tried forever and then I finally got above it But this is telling we blew through these important zones I'm still looking for shorts if we get back above Again, you know, sometimes you're going to have a thesis of what what is happening Again, my thesis is this is pretty much going to be it I think we may start, you know, start moving down for once instead of bungee jumping every single day But you know, if this does somehow some way, I know it's impossible for equities to do this But if it did do it Then that tells you something We're still bullish, right? But I'm playing this as I'm going to be fading any one of these zones if I get my real time volume setups So that's what I wanted to show you guys in the NASDAQ All right, Bruce, we're close to the time. Any other questions? Let's see here, busy answering a bunch of them. Um, no, I think we're pretty good Followed up with everything here. We got all your settings Etc And yeah, you've been going over an hour now Scott Really great. As always, I mean, it's always great. I just I love the simplicity and the expertise At not just the set of us, but really the trade management is just it's awesome Very very helpful for all of us. I think Well, it's awesome because it's real-time volume bookmap telling you how to manage the trade. It's not me I'm going by what I see, right? And again, if you guys are trading just off bar charts or Whatever you're trading off of and you're not using real-time volume. You just don't have you don't have all the information I don't care how successful you are. You do not have all the information Period and if you add it just imagine if you're already successful Just imagine if you have this in your arsenal where you know where the big money's playing with a big money's wrong or the Stop runs fired off and held just imagine how lethal you can be as a trader. We have adding this in your arsenal Like this is it. This is why markets move guys. It's not lines on a chart, right? It's not my zones It's not anything. Oh, yeah, those were important areas where things happen right but Lines on a chart indicators, you know, Fibonacci Moving averages. Yeah, they're significant. They're only significant if real traders large traders participate in those areas, right? Otherwise they're meaningless, right? So the whole point is you want to be using real-time volume To determine if your area again, you don't have to draw zones like I do You know, I highly recommend it But if you don't use whatever you want to use say I only trade a you know your trader I only trade off the 200 a moving average great Wait to get your confirmation here kind of like I was telling you guys I wanted to be bullish, right? So say we're pulling back so say this is the 200 a moving average, right? Right here and you want to be a buyer because we've been trading above it And you want to buy the pullback to the moving average You want to see something occur either here or absorption to confirm Your bullish thesis that we're going to bounce off the moving average if nothing happens The moving average doesn't mean anything, right? You want to see the big money backing up your thesis of the market And that's exactly what I do with my zones and my structure and everything else But you can use this stuff with whatever you use right Yeah, yeah, no, excellent. I mean a few questions here. I need to answer Scott, I mean if you if you want to take off it's fine That's a regard regarding Once in Arizona, so I'm gonna take off today, which is not cool Okay, but I might touch you. Yeah, so it might be not be a bad thing Okay. All right, excellent Regarding derrick of the si indicator It works it's it's sold separately on the book map marketplace. It works with global or global plus It does not matter And yeah, a lot of people are using it. I mean, you know the the funny story I have with scott was I kind of Mentioned this indicator. I say wait till you see this you're you're gonna be amazed I've I've never seen anything like it and he's like, yeah, yeah, whatever like an indicator and Yeah, I mean several months. I was like it's coming out soon. Don't you know, it's gonna you're gonna be blown away and like He's like, yeah, whatever So then it came out and I explained it to him and then I didn't see scott for like three weeks two or three weeks He went back and back tested and studied And then came up with his his strategy. So it's very specific what he is doing with it. Yes, derrick We do cover it in the webinars, but we cover many things in the webinars. Okay, this new Absorption indicator has also been just fantastic. I really like it. I've been covering it a lot during the webinars So we'll cover these things you can ask questions in it. I mean you can see this is like today What scott is presenting is part of the weekly Webinars or daily webinars like one day a week scott presents. Okay, so this this happens every day I not every week it happens. Um, so that's that Guys, I put the the other thing too first quickly is I get a mouse. Hey, Otto, I get your indicator. So it's not my indicator. I didn't I'm not a programmer I didn't design it bookmap programmers designed it Um, I made the course on how I trade it with five specific high probably setups So that's what that's what I put out there. You know, it's on the bookmap marketplace or my website You can get that. So it's it's a course on how to trade these setups right and but I The indicator is not mine. The course is mine and how I actually trade with it And I explain all five setups and you know for for you guys to learn. So I just want to clarify that Okay, okay, uh, yeah, excellent. Um, uh, by the way Quickly the next question you can see came up again guys same exact problem It can't get through this area. This was yesterday at the close, right? So this is another thing where you can just start mapping this right So, you know people and I was doing it too like you look at the markets and you say, oh, yeah That was a balance area or you know, even with market profile, right? So market profile takes into consideration You know show this quickly Market profile showed you obviously time time every almost everyone who trades is familiar with market profile, right? So I draw these composites when days merge the value areas Which is just 66 of the volume for that day when they merge with other days I'll merge those days and draw composite and draw the the blue areas what that is So, yeah, you know, everyone can see this is, you know, this was a big this was a big value area here Whoops that we broke down from right and then we try to get back through here Yeah, you know, you know these areas, but you do really know this area Do you really know what happened in this right here? This is what happened in this right If you don't have book map, you know the si indicator you have no idea that this happened yesterday So start taking get the si indicator and take notes Pay attention to these areas because guess what we've just come up to this area two different times and we can't get through it Why it's because of what happened yesterday. There was some serious commitment in this area serious This was 3,000 sell icebergs. This is another 2,000 buy icebergs that that is commitment in this area, right? So when we come back to that area That's why we keep failing in the area right From what I just showed you. So if you have a bar chart, great. Yeah, you're looking at that. You're like, oh, yeah We're selling tail. You have no idea that this area Probably had the most contracts I've ever seen at the close yesterday And that's probably another question. You guys you're thinking always because it was at the close Yeah, you get a lot of absorption and stuff at the close You know, you'll see this a lot not this much, but you'll see a lot of that's This is this is way out of the ordinary right to see 5,000 plus con icebergs firing off in one area That's that's important information. And then what do you what do you know? This is where we can't get through. So if this thing starts to break down You can short it knowing hey, I got all these committed traders that guys that were caught that It's got to really have some some kind of force to get through this area again You know what you have that information on your side for a short, right? Yeah, we've seen Bruce. Yep. No, excellent. Excellent. I mean, uh, it's just it's Again, like what I I I keep on reiterating. I think for a lot of people who maybe see your Kind of method for trading here again and again that It's he's looking for a major event And then he's looking for the order flow around those events And he knows the order types because of the si tracker He knows the order types that are in the order flow. So that that's that's some insight. That's an edge But if if you don't have that edge or you're not looking for that Sorry, yeah, I mean like it but it's really like the market is event driven And scott is looking for that big event And he knows he knows, you know, it's either stops or icebergs or both that he's looking for so that that's Um, as he as he just I think really nicely explained that at the close yesterday Right, exactly. That's what so again, I came up with five specific subs. So again It's not hypothetical stuff that that the course is based off of it's based off of me That's the advantage you guys get it's not some just, you know educator out there that just comes up with some Pulls some crap out of his hat part of my language and just thinks let's let's see if this works, right? I was that big trader. I know what I went through when I got run over and it would I would get run over on a You know on a say this is sell iceberg was me, right? I didn't check icebergs, but I would trade the absorption I got run over say this is me, right and I'm trying to buy it and it blows right through I'm praying. I literally would be Praying to god. I mean you got to remember I was trading thousand lots, right? So I'd have like 2000 contracts on this would be me absorbing and it would rip right through here And I literally I'd be looking at my my P&L and I'd be down like 170 grand my phone would be ringing from my risk manager What are you doing? You got to get out and just like just give it a second Just praying it would come back to this area so I can scratch the trade, right? So my point is The the five setups are based on my experience as a large player in the markets Knowing how I would react knowing what I would see from other large players Knowing what I would see from retail traders the smaller guys That's what is based off of so when you learn the setups you can go into these markets with confidence knowing that that I know What I'm talking about because I use that used to be me, right? So that's that's what it's based off of All right yeah Excellent stuff guys. I answered all your questions in here. I believe So if I didn't you can always reach out to us at support at bookmap.com I put the link in there several times for Scott's contact information if you want, you know further education with scott Some of the deals etc Are also Sorry This quickly bruce This is exactly what we call right now watch watch this now papers starting to get their fills Just like I said because they always get the fills because they do what they want to do Because they run the markets look at the stop run 189. This is about to become a dumb and dumber Yeah, I wish it would have filled this liquidity, but this was the equity that was in here the longest So this could be that zone that I showed you Pretty pretty darn close Right right there If this fails right here, this is a dumb and dumber setup meaning you had a retail trader puke No real buying behind it again So if you're this paper here They had the opportunity with this with this stop run to push this right into the waters for them not to be able to push it up There tells you there's no real buying behind this if this goes a little lower Let me draw this zone just before we get off so you guys know where it's at because I will be shorting this Say it started So you didn't want to do this too. I think I'm already missing this trade, but I want to show you guys here Why is this not? One second Here we go. I just missed this trade Right here guys. So you can see here put it right here. So that's where it basically started up to here So that was a dumb and dumber. Here we go. So I'm going to short this I can find my thing right there stop goes above there Again, this you know if this comes up and stops me out. I get another one. I'm getting right back in Why we just talked for an hour why I want to be short this market, right? And I'm playing this dumb and dumber if it comes up The way my only worry right now is this liquidity the paper may push it up here But they had a chance there and they didn't if I get stopped out So say so this is a good example. This comes up and stops me out and it gets back below this zone I won't try it one more time Or what I would you know if I do get stopped out. I'd love to see one more of these dumb and dummers or A titanic a sell iceberg or something up in this area. I'm still shorting it right what we just talked about I showed you the zones. I showed you why this should fail Yeah, but no my other comes too. All right. Sorry Bruce. I just wanted to point that out because that's uh We've been waiting for that waiting for that all webinar Whether that's the exact high it's pretty going to be pretty close. So we might get one more try out, but Nice Okay, sorry Bruce. All right, no more interruptions. I just wanted to point that out This is exactly how you guys trade it. Look at that. I mean again If it fails We'll give it one more shot All right No, no, I think that's it So let's let's wrap it up that you've been going for You're always very generous scott. Thank you. It's an hour and 20 minutes here Let's wrap it up and we'll see you next thursday Everyone else the all these pro trader webinar recordings will be available on our youtube page. You'll see it there And again, you have all the scott's contact information and and that coupon code in the in the chat if you if you want to try Try book map out All right, I think that that's it. Uh, and uh, we'll we'll catch up you with you on thursday scott Thanks bruce again. You guys that mirrored this trade. This is a good area again. We weren't quite into that zone If we do go a little higher I would have loved to see it in this zone But sometimes you don't always get what you want, right? So If we get one more into the zone that would be even better and we'll fill out liquidity But this might that might be it this might be that the turn down now But keep an eye on nasdaq. That's my my most watch marker right now that i'm looking to And i'll add you guys when I add if you start seeing your si indicator setups Just like I showed you in crude if you start this starts moving lower and you start getting bearer setups add to it Trail your stop All right. All right. All right. Excellent. All right. Thanks. Thanks everybody and we'll we'll catch up tomorrow to to Finish up the pro trader webinar uh, and um until then Thanks scott. Thanks bruce. I appreciate it. Thanks guys. See you next thursday Bye