 All right. Good morning traders. Welcome to the live trading webinar today with Scott Pulsini. We do this every Thursday at 10 a.m It's so that you can get access to and peek over the shoulder a Professional trader with their reading of the order flow how they use it within their setups how they manage their trades Etc. You know who Scott is he's been with us for over a few years now And I will he does offer mentoring services. I'll put this into the chat for you And I got to go through the disclosures and then we'll turn it right over to Scott It's important to understand these disclosures though 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 live trading executed in simulation cannot Accurately represent realistic trading performance risk disclosure trading futures equities and digital currencies Involves the central risk of loss and it's not suitable for all investors and investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle only risk capital should Should be used for trading and only those with sufficient risk capital should consider trading past performance is not necessarily indicative of future results alright, so and Let's see here. It looks like for some reason Hold on a minute here This is not looking correct hold on sorry about this there we go and Let me Hold on a minute. I'm sorry about this guys Just a minute here Scott are you there? Yeah, yeah, sorry. Yeah, sorry Don't have the don't have the setup here correct in the recording Okay, now it looks good Okay So, yeah ready to go Scott. So whenever you're ready to start sharing your screen And then I will project that Hold on a minute. Let's go All right, so I'm currently along. Yes, this is a very risky trade with the polls about the testifiers starting to testify So this they could do anything, you know the setups just like with these headlines late late It's been very difficult and then the subs may be perfect and then something comes out and these are just all negated and it's you know It's brand-new a brand-new situation when a headline comes out So Paul speaking right now, so this is probably gonna come stop me out But I thought it was worth the risk for a rip up because these markets look at least short-term bullish based on structure You can see here Yeah, this We broke down from this balance a few weeks ago move lower and then Fast forward to recently try to break down out of this balance We built more balance and then we ripped through the IVM note of this. So this is a failed breakdown of this larger Structure and now we're up here. So You know with Paul testifying this thing could go back But I still think we're gonna do that for some reason if we don't then that so you can also make this one bigger balance as well Right and we broke out of that also. So Again, that was I probably should have just waited for him to speak but it's my decision and I'm gonna take it on the chin Obviously these markets are nuts crude is just out of line. I mean at the ATR and crude right now If I'm an ATR is a hundred and three ticks, it's usually like 20. So that's Now if we get a setup I'll probably trade it but just realize if you're trading this you know You have to adjust your size because this thing is swiping on her points a hundred ticks at a time a dollar at a time. So Obviously came up here earlier and touched a hundred and fifteen. It's just it's literally moving to 300 ticks At a time. So I didn't get stopped out yet, but I'm fully expecting this about we'll just wait for a new setup So the reason I got long this quickly was so there was a big double whammy before the open here I love the why I get to get waterboard or two with the tick the tick strike here. So I get to listen to my losses, too It's really fun when it's going against you Being sarcastic obviously so you had a big stop run here. This was SNP ice iceberg by ES 700 contracts this again, you know, this is a very Touchy time when this guy's talking right this work could do anything, but if the big money starts coming in then we'll be able to Obviously have a better gauge Revive to stop out again there. So this is still coming in here. It's not quite threshold Again, this is basically a crapshoot right it's like You can you can have the volume you can add your setups or whatever you trade off of and they just got to hope that Paul doesn't say something against your position. That's all that's right You know, if you are taking the same trades as me, which is not, you know, this is not a mirroring trade room Mirroring trade room just be aware that you know, this is basically like rolling the dice right now with a duck And so I could move this down below here, but I'm just gonna you know I don't want to keep just trailing the step down and take a huge boss on it If this comes down it stops me out and then some way holds it and then doesn't get an ATR below this zone to negate this This setup here, then I'll go back long once we get a 80% of an ATR about that You know back above this zone, but I'm not gonna keep trailing this down. I'm just gonna take my medicine and Especially in the situation with him speaking so So again, this was close to threshold and it came in for a while. So that's why I drew this zone So the way we trade these is For sure I want to see where I am a little bit lug with the lug weight levels That's the reason I call them lugs sort of to say that 40 times a day We're above the yellow So I will be aggressive. I will enter setups my SI indicator setups I have six distinct setups that I trade off of in important areas That I will I will take so for instance, I just came in here if this pops a 80% of an ATR That's my aggressive entry Conservative entry would be if so far I'm a short side since we're above the yellow I would be Conservative to go short so I need to see a full ATR if I'm in an ATR retest failure in the 80% then I'll get in But on that's what I just did up here. I got in aggressively on the last I set up That was up here obviously at 75 So then so that's the second step as you see where we are in the lugs and then you go to your Or I go to my ATR ATR seven point three six a little handy dandy spreadsheet I was just Yes 5.88 and so six points That's nice. I'm stopping out to the tech guy. That's the first time I've seen that before in my training career six points above here is going to be 4400 exactly so I will get right back in and I Will probably bet that's going to be the little tick right there. That was nice of them So I'll get back in on this setup. That's aggressive six points above here is 80% of a five minute ATR So let's see what happens again guys if you're mirroring you just be better be ready for nonsense because This guy talking Really going on anywhere else though grains fire off wheat's been limit up like it's limit up again today Ridiculous, I think this is a third or fourth day in a row hit limit up. You can see this. I think it's It used to be 50 cents now it's 75, but it's just sits limit up Doesn't matter where I put this order that's that's the low And here we go get ready for another fill You know so I continue to be bullish obviously because of the structure that I just showed you were above the yellow lug and Q earlier Touch the red lug and this is pre-market Fail there was a setup up here on it But I didn't want to go short right before the lug and then that Again, this is just gonna be bouncing around until this guy gets on talking I have no idea what time that I just or he talked for like two hours. So I Would just like this to go one tick lower than my order and I'll just not stop complaining just one tick You can do it So what else might as well look at structure stuff since Nothing's really going on here. This is NAS back. See it's entering a very important area as well You can make this one big one. You know, you had little ones inside of the big one All right, so you had this tried to break out build new balance broke down retested the bottom failed Now came back up. We built balance. So again, this is the bigger one I've I know to be right about there. We have balance here. We're trying to break out of this balance if we get through the high volume note of this HPN Right, that's for the most trade occurred in a balance. We get through there then we're coming up probably this guy There's somehow fails. It'll be a fail breakout of this most recent structure and they're having much lower So, you know, like I said, I mean with these headlines firing off all day long It's just treacherous treacherous waters. I tell my trade room, you know, either cut down your size or just don't trade right now I mean, there's no reason to throw away money on ridiculous headlines You know, and you never some some of its rumors, too So you just you're just opening yourself up to unnecessary losses. So just be careful if you do trade this stuff So Scott a question like I mean basically when you're when in kind of geopolitical or you know data-driven market You're still you're trading the way that you normally trade with your setups and but you just you're just reducing size and and Maybe widening out stops Yeah, I mean, I all I don't change anything. I Just use the the ATR, right? So obviously when geopolitical the ATR is gonna increase kind of like crude right now sweet crude 98 98.8, right? So I'm trying everything the same But the the issue is you can have the best trade in the world It's working and then something comes out and they say something and the thing just rips the other way, right? So that that's the issue. So, you know, you don't know if that's gonna happen. So you got a If you like to trade These markets then you just have to be aware that that can happen at any time All right, so I wasn't the low-tech finally this that makes me happy. So now But what is don't give up like if you have a system if you're using the icebergs or whatever your system is You don't give up on it right now if you take some losses If you do choose choose to trade don't give up on it It's just you can't control headlines, right? So that's why if you don't like that type of risk then just don't trade right now This is a perfect time to work on your training work on your playbooks work on your setups And get really good at it go back in practice That's another incredible feature from book map where you can go back and replay the day and look at the setups and see You know put on trades like you were actually trading. It's it's perfect So it's a perfect time to work on that stuff, but again if you choose to trade in this just You can't cry if you get smoked on a headline. You just got to expect it. So But yeah, I mean I cut down my size but the reason I'm cutting down my size is because the volatility is higher So but I'll just trade it normal and hope nothing comes out. Why have my position on basically All right, so we're heading down to the yellow luck here You know so you can see so when we draw The new lugs form over here and we form no one it should hold directional yellow And prior red if it's gonna continue to be bullish you can see this did right and we hugger We hugged this all night long and now we just moved up now. We're just going back to here So this is still you still have to Assume we're going to the red unless something changes, right? So meaning One you shouldn't you shouldn't see any bearish flat-out bearish setups actually speaking of bearish setups. I Could trade this to the short side if this gets an ATR blow here, so let's keep an eye on this I'm not excited about that because of the structure stuff I just showed you but I will take trades, you know opposite of my longer-term view I mean that's just my thesis things can change obviously. So 7.95 your five-minute ATR. So again, we say it was six six points Half points right we need to see eight points below here Because remember this is still above the old log right? So I this was the setup. I need to see eight points below Which we did not get so we needed to get down to about 80 81 ish Retest failure then I'll go short right. I don't that's the conservative entry the aggressive entry Which I was willing to take because we're again above the old log was just 80% of a 5 minute ATR out of this song Right, which technically I still can take Because we this is not negated as a long setup right because we didn't get a full ATR below here This gets a full ATR below here Then the idea the idea of the long is negated based on because it shouldn't get an ATR below here Right, so that this is how I trade right from trading these things for two and a half years three years This is what I've you know watched over and over and over the best way to trade these things, right? It doesn't mean it's always gonna retest that's what you have to understand Right, so that's the way I traded that I trade a conservative and for some reason if this just goes like this and I'm out of luck Right and that happens often not that often You know, I'd say 80% of the time it will retest the zone But 20% of time it just keeps going and then you had the right trade idea. You just you know, I'm just not in the trade So I'm willing to take that risk Because again, we're above the yellow lug if we get below the yellow lug, then I'll be taking these setups aggressively So we're right here right now. So we'll see what happens here So another thing you want to keep an eye on that I keep an eye on Don't my room non-stop all day long is you want to keep an eye on this volume the relative volume Right, you want to be very careful taking trades when the relative volume is well below average. So right now it's okay So again, this is the this relative volume is on a On the Sun Sierra chart, which you can get you know other platforms have it as well But the thicker swim is a different relative volume than then this one this one is showing you the exact time period I have except for the last 30 days, right? So this exact time period so 100 is 100% meaning normal, right average So you can see we're normal right now So that's trailer you want to be very careful when the volume gets down to 50 60 70% And that's when they all goes just have their heyday and they just which saw traders non-stop When you start seeing stuff like this, that's the big money coming in and you can expect, you know Big moves either way, you know continuation or rejection, but you want to be very careful when it gets like this because you know That's when you get the chop and That's when I was just feast on illustrators. All right, so that's a full ATR now So like I said, you know, we're above the yellow. You shouldn't be seeing Bear setups so something's changing here. So now if this comes up here retest fails I will take a short if I don't have that doesn't happen and we move a little lower We'll be below the yellow lug and then if I get another setup, I'll take the short aggressively So the yellow lugs 43 78 and three quarters. So We'll see what happens here speaks 150 and 150 is my threshold. I'd like to see closer to 200 But I'll mark this up You can see they're hammering these stocks. So the other thing I want to look at the new hero indicator that looks like So this is interesting, right? so this is showing the black line is the market and the blue line is the total puts and calls and see what looks like some calls So you can see her as we sell off. This is going up, right? So you guys got to be very careful So I read in that so heroes got their own book map room or their own channel on here And I see guys in there like this doesn't work. It's not it's not reliable. This is not a red light green light type of thing, right? It's You want to watch for divergences, but then you want to play divergences at important areas It's just not hey, there's this we have this big divergence right here right now I'm just gonna turn around and get long right that's not how this works and again I don't claim to be an expert at this and he's just come out with this new one that it's independent off of a book map So I've been watching that because I have so many I'm watching so many products on my book map I if I put hero on there or jams up my my book map because heroes it just takes a lot of data to run So now they's come up with this site this, you know, it's an old independent on the website This is now I'm gonna really start watching this and we've seen it in my training room just the last few days There's been many Situations where this thing has been going the other way and then eventually when we hit an important area reverses, right? So an important area and he talks about this if you guys Anyone that's a spot gamma subscriber. You should have seen his webinar the other day. I can post it if you guys don't have it I'm sure he posted and he's got it in his room. I'm sure But he talks about important areas. Well, what's an important area right here, right? So if we get a little lower and That thing is still you know the put call ratio is still Going up while the markets going down This is an area where you could take a shot especially if you get a volume set up, right? So And this is still gonna be based, you know, right at the yellow luck too So we have volume trigger yellow lugs right here if we get a set up That's gonna be go time for a long and I will take it again I'll still take it aggressively if that for some reason, you know, I Will still take a short. I'm not real excited about it again Structure-wise and what I just showed you in spot gamma But if I do get short then I'll watch this area very very closely if they can't get through here I'll probably cover most of them. So we'll see what happens I'm more hoping now this comes down to this voucher after looking at that spot gamma Divergence, I'm hoping this comes down here and we get a signal like a big iceberg and I'm just gonna I'm gonna jump in And I'm probably gonna jump in partial very aggressively So I'm not gonna wait for an 80 80% of an ATR. We were talking about this in my room as well lately You know when you're first learning the setups and learning or you're new to trading or you're struggling You want to follow the rules exactly like you know the 80% wait for a retest Here we go into this area But the better you get at it the more you understand it you could take Trades in more aggressively, right? So for instance right now if I hear huge iceberg right here I'm probably just gonna buy a couple just just because of what we just talked about, right? But if you're newer or you're just learning these you want to wait for you know the 80% of an ATR to buy That's just the secret cell CEO 150 contracts I'm surprised that you see what bounce right off of there. I'm surprised. There is nothing there really surprised So I don't trade unless I see a volume set up meaning iceberg stop runs That that's the key to my trading right and that it's the most important thing you can have What the big money is doing with the dumb money is doing again I call dumb money retail traders just because we're not as informed as you know the big house is the big funds But I don't take a trade. I won't take a trade just off of I'll get out of trades You know so say I was short here and it got here. I'll take I'll take off a couple I won't cut off out of all of them, but I'll respect it But I won't initiate a trade unless I see real-time buy-in supporting this area And that's how you guys should trade in any area in your trade, right? This could be V-wap this could be you know a Bollinger ban or whatever you guys are watching You want to see lines on a chart mean nothing unless the real money is playing there, right? The real money is what drives the market that the big money So you want to you want to see and it doesn't mean don't confuse it that the big money is always right But you just want to see invested interest in that area. That's what's the most important right so my point is I'm not just going to jump in along here because I didn't see anything pop fire off which is actually kind of That that's maybe a signal as well that this thing could keep going lower Right that you didn't see any kind of support here with with the vibe. We'll see Let's go to sweet crude I got to see at least 150 especially these conditions. This thing's just nutty I mean, it's like a sweet sweep it to 300 ticks at a time So remember the stopper was only 150 and we haven't retested it either And we're definitely still above the L Lugger Nasdaq as well I mean you see look at this look at this the call ratio still going just going straight up Don't you at the minute I hear a signal down here or in the s. I'm in Hopefully I get one Okay, so anyway Nasdaq right the whole Lug as well, right? This is important area for both these markets. I'm expecting them to do this especially Looking at that put call ratio, but you know, we could do that and I follow my volume So it's the volume sets up a bear set up. I'll take it. I'm not thrilled Do it, but I'll do it. I let the real-time buy and dictate how I trade like I just said Any questions verse? Let me take a look here I missed a potential short and Actually knowing and I mean the volume wise this was a short you can see here. This is soybeans. I've been just Crushing soybeans. No pun intended It was a joke because you know, they have the soybean crush. Anyway, we had The bad year this morning. We have 213 cell ice. That's this black zone This is exactly what what the pattern is and all these markets almost all the time I remember it said 80% of the time we retest break away. That's obviously an ATR. Here's your retest Here's your failure retest it again. Here's another failure. The reason I didn't take this trade Was because when I last look we were right at the blue lug and I don't take trades into Lugs I wait for new ones to be formed so you can see here this thing keeps You know if we were like up here, I would have definitely taken it We're right at this log this how much I respect these things and how much the market bounces off of them all the time I want to see this rip through here and then form new lugs and then I can take a short and then move You know my targets down to the next one But I'm not taking shorts there I'm only taking longs and that that set up obviously was a bearish set up right it was not a long set up So I'm just gonna watch this. It doesn't mean it can't move lower and build new lugs I'm just not willing to short in front of a blue lug. That's how powerful those things are so Again, love with levels. Just go to lovewood level calm Levels.com It's got a three free day trial put put in that you saw it on the book map webinar And she's got like some special deals. I don't know exactly what she's doing, but that gas ice ng 151 contrast that gas Numbers come out as well Again, it's about three three day trials and you guys can check them out if you want But they are they're like the crux of my trading on top of the volumes number one But I use those though. They're just unbelievable. You can ask anybody in my room out Ridiculously accurate. They are not it not only just playing, you know, like you're like, okay So say you wanted to buy beans here like we're at support the blue log and I'm gonna buy him, right? But being able to stay in trades, right? So it's like say you got long here and you start moving up and you say you take some off at the yellow Log and then you get another signal and you're like you get in long This is your target and then you sit and wait if nothing volume wise comes in to negate your idea your longer day I mean this can do this for you know, four hours, and then it'll make it there, right? Well, it should make it there is this the point. So it helps you stay in trades That's one of the traders biggest fallacies is they can't stay in trades because they just don't really know You know, they're watching their P&L They see you know, it's in their favor and then they're watching and give it all back and in their favor Okay, I'm out and I'm gonna take my 200 bucks and get out of here and then they watch it go right there, right? So when you have these Just helps you stay in trade So you stay in it until it either hits the lug or for running up And then you see a bearish setup on the volume then then you can get out, right? But I'm it's just it's just night and day and I'll you just have such confidence that we can get to these Levels because it just happens all day. I mean I can go through every one of these markets and show you over and over and over and over It's ridiculous Scott. There's a question about that. Do you still? Trade for other people I Guess yeah, I had an auto trader program that I do where I Basically the accounts that up at the broker and then I I tell the broker, you know by 2 ES here and then they fired off through all the accounts. So that's just basically getting up and running It took me a while to you know, especially on these webinars I'm sitting there showing you guys stuff and I miss trades all the time and it's hard to try to juggle it in my trade room but I'm getting better at it, but It's basically just kicking off like now. It's only been up and running for a couple months But yeah, so it's you know if I see a setup I type in the chat box and then they fire the order off and it fires off across all the accounts Okay, you know that's for traders that don't have time to sit in front of the screens Which I understand but I mean if you have time and you know you can learn how to do this yourself That's the point right like You want to be able to that's the whole point of being a trader is you have the freedom to do what you want And you know, you don't have to answer the man and you know that that's that's the point But you know, I understand some guys some guys can't see her all day or they still have a job and you know And that's fine And then that's what that's for for you know traders that can't sit there all day and want to want to participate All right pretty quiet here So just go to my website on that it says scott's auto trader Yeah, I put all your links into the chat there for everybody Just click on the auto chart trader program and then put your name and the broker will send you like a you know how it works and what you need to Participate so it's like 12 grand you want to I'm still you can still only trade micros and with even with 12 grand Right, so I'm trading micros for the program because you know with a $12,000 risk You can't trade normal. This is a blessing for all you guys to that are trading You know a five ten thousand dollar count and you're trading normal size a mini futures You're gonna blow out your account you might get lucky and you know That's one out of a hundred that actually takes off and never has to worry about the drawdowns But you know, it's gonna catch up to you you might get lucky for a while But if you're trading, you know two or three a mini contracts when you got ten thousand dollars in your account like for instance Have I put ten thousand dollars in there? Like if I have to risk more than Six points, I can't even put on a trade, right? So you know you got traders that trade like that and they put in five grand or ten grand and they're they're only risking three points Well, you're gonna lose your the market doesn't care that you can only lose three points, right? The market's moving. I mean the ATR alone right now is eight So if you're just trying to risk three, you're right in the middle of an ATR It's not even half of an ATR And you're gonna get stopped out most times just on the on the whipsaw stuff, right? So it's like you gotta You got to trade according to your account size. So my point is We put like a 12,000 minimum for the for the trading account and that allows me to you know I trade micros on it, but it also doesn't blow out your account But this is a risk spreadsheet we have in the room and this is again for trading micros you just You like a 12,000 our count on a 20,000 because these are showing you the normal size contracts You just make these micros instead of 10 this is 12,000 161 Tom cracks So that's it Bruce you're a find out why there's no icebergs in the euro that I just find that's so strange I know there used to be like what happened there. No, they they're not disseminating that data So that's that's just that You're saying the CME is not yeah Really, yeah Maybe they don't I don't know if it's I did get the answer and I can't recall maybe they don't offer But you know, you you can you can still kind of use the absorption Indicator a bit to kind of get a little bit of insight if you see massive Or the synthetic or is synthetic, but yeah one or the other Yeah, I mean it you know, it's an approximation Whereas the MBO stuff is spot-on All right, so you see this stop running here, so this is gonna be very important when others moves out of this area We're basically right at the O-Lug right below it, but we know that that's not got The Option stuff is just showing along so let's see if this pops out of here. I'm just gonna go long I'm not gonna go long aggressively right here like I was going to up there because we are below the L-Lug I'll give this a shot out of here Aggressively meaning so 8.57 is the ATR 5-minute ATR so 8.57 6.25 so 7 cents out of here, I will take along And that'll put me back above the L-Lug right the luck was at 7,875 so that'll put me at 80 and a half I will enter this trade Again, this is the aggressive way right if you want to wait for full ATR retest failure You can do that as well, but I'm gonna get an aggressive way just because like I said this options data is So again, this isn't red light green light. We've seen I showed my room this yesterday Like you saw this divergence and the market like went another 20 points And then it finally turned around and then they caught up to each other But you know at important levels it could be a good trade This is still like you are a little bit below the valve trigger here Right, but it can go a little below and then and then rip right? It doesn't mean it's the exact price every time right? So on the flip side what I'm gonna do Offer this I think there's something in Aztec as well get there in a second They were trying to bust below the L-Lug and Q as well It's like you know, I guess I'm gonna have to trade this aggressively because we're below the L-Lug What I should what I should not be doing is trading aggressively on the long side But I'm willing to do that in this situation because of the valve trigger and options information on the short side Let's see what the I don't like shorting at extreme standard deviation They're buying extreme standard deviations of V web, right? So this is one standard deviation they call DVA daily daily value area, right? These are this is where all these albums not all of them But a lot of these algos key off of and they play reversion in the mean here's so this is one This is minus one and a half minus two standard deviation You get to these areas if there's not big money flowing through these markets, it'll rip right back It'll rip right back So you want to pay attention to the relative volume when we're in these areas to say okay Is there bigger money playing here and this isn't back right where you want to be very very careful is if we're Standard deviation or more away from VWAP and you see this you do not want to be expecting a Continuation or we call it a hugger word or it will hug the standard deviation line, right? So This is okay to potentially short I'm just deciding whether I want to wait for a full ATR retest just because of that options info But hopefully it won't even get below here and we'll pop up. We'll see here And hopefully I'm not Confusing you guys, you know, I'm trading a little differently than I normally do as far as the lugs and getting you know Taking aggressive like this long. I would not normally take an aggressive long out of here because we're below the log But I saw that options info so I Considered so hopefully you guys are being confused about it If you are just put in the room we can discuss it further So again, this was a hundred and four hundred and fifty. That's my threshold I like to see closer to 200 in here, but today there's just not a lot of a lot firing off yet with Paul speaking So we'll mark this up as well. Well, the hill are right at the yellow log here then ATR on here is 36.48 so 36 and a half Thank you. I was 29 in a course with this biome and as I could tell you that You have one bar that got back to normal and then you've been below like it's like 70% This is I mean this this bar still building, but this is not good for continuation trade is what I'm saying Let's see where we're at on the web Yeah, see what I'm saying here. So you've got no volume coming through meaning big money to Push against these algos that play reversion, right? So you're at negative two standard deviation You're at the yellow log the odds of this continuing are much lower than this snapback And then you throw in this options data It looks like a snapback, right? It's here. So I'll take the long aggressive here again. I don't usually do this I usually will wait for you know, so here's that stop run I'll wait for ATR retest failure But everything that I just showed you shows me we're gonna revert probably back to at least TV a low or VWAP So I'll take this long aggressively. So what's aggressively 80% of our five-minute ATR Which is 29 and a quarter points the top of the sowns at 30 so I will get in at 50 59 and a quarter point and you know, I know what probably half you guys are saying like well That is ridiculous risk like why you know, I don't want to risk I told you this there was a guy in my room that like signed up to cancel and I said something like I don't like the Way that you Your stops or something and I asked him like what do you mean by that? He's like well, I don't like to risk more that I like to risk 10 points in the nasa to make 20 and You risk way too much It's like well I'm risking way too much because of the volatility and the setups like it's not way too much It's what is appropriate right if you're just if you don't want to lose more than 20 points Guess what the market does not care that you want to lose only 20 points You're gonna get stopped out most of the time like that is that is just such a fallacy with traders Where they want to scalp, you know, even if you're trading off these zones, it's like, okay I'm gonna I'm gonna buy right here and I'm gonna I'm gonna stop out. I'm gonna pull my stop I don't want to risk 10 points here. Well, guess what this mean this area is You could do this for an hour like this means nothing you put your stop below where the volume event occurred then That's when you know you're wrong 700 contracts right so if this gets an ATR below here then that I'm gonna cancel that long Obviously in the same with the ATR again, it's 36 points. So if we get 36 points below here that would be 82 76 about 75. So if this touches 75 then what I'll do is I will take the I don't again, I don't want to take this short because of the volume right and we're extreme standard deviation So I'm just hoping this does not get an ATR below here. So I have to take it short So this is you know again if there's decent volume coming in You do get huggers all the time. See the standard deviation line it can hug this thing and keep going Again 80 to 85% of the trade in these markets are algorithms and the reversion of the mean algorithms So if there's no big money coming in here, it's gonna do that. It's just that's just what happens The problem is with the situation Paul speaking so the big money can pop in here at any time That's that's the wild card praying this thing doesn't get an ATR So I have to short this thing any questions about all that Bruce Let's see No, not really I kind of caught up on some of these questions here All right, so if I'm following my rule, but just my flat out Setup rules I should be short. Yes. Why because We had a set up. We just got 80% of an ATR below there Yeah, we're below the yellow look right If I short this I because of the situation like we were just talking about if I'm gonna short this then I need to see retest failure I'm not normally again if Paul's not speaking and I see some decent volume here I'll get in 80% of an ATR below this Now I'm gonna wait if we do this and then this then I'll get it again I'm very reluctant to that but I think I'm just not taking this trade aggressively right now Based on everything we just talked about bottom of this zone was 68 quarter the hour is eight and a half So we definitely got an ATR below here, right? So technically I should have been in that's six point eight. So seven points below this zone I should I should have been short Not a normal into that's 68 75 half 75 quarter. I mean 55 51 quarter Yeah, like four things I'm looking at so I should be in right here basically But I'm gonna wait see if we retest fail based on everything We just talked about and you can bet it's probably gonna be a huge winner And then I can sit here and complain the rest of the webinar that I should have taken that trade and just follow my rules But this is part of my rules, right? You got to be you know, again when you're first starting out you want to play these setups exactly as Prescribed but as you start to understand the markets more than you can you can change like I'm doing right here I'm like, well, I don't really want to short in this situation At negative two standard deviation with very little volume coming through relative volume If I do short and I want to see retest failure that I'll short it but and Paul speaking to it That's the biggest thing of them all But for sure this long idea is canceled Why because we got an ATR below this this stops them, right? So this is officially a stop and hold setup. It's one of my six setups stop and hold We got the stop run right there Actually, I missed this one. So while I'm sitting here chirping. I missed a setup right here Hold on maybe here. I'm say this my mister my computer friend So you can see the way you draw these zones to get your little cursor Look at your spike, right? I'm there Follow the prices make sure didn't go any lower. I didn't went up to about here. It's where it started That's your zone Make so ice black Distinguish so that's a brand new setup. So we revert so I'm not no longer gonna short off this stop run This is the newest setup. That's what I'm training off of right. So now for this one Because we are below the yellow log. I will wait for full ATR retest go again I need to see that because we're below the yellow log But I know, you know, you know, if you're training at home and you like I like to set up I want to be aggressive I wouldn't I wouldn't give you a verbal lashing for going long aggressively out of this zone based on everything We just talked about but I will I will wait for retest full ATR retest Now on the downside 80% of an ATR should be going short but I'm I may be able to see again I don't want to because of what I just told you guys But I want to see what I'm trying to do is I want to show you guys how to trade these zones And I'm kind of adding in the you know My interpretation of things which is not good for your learning. You know, I mean, so I'll take the trades But if I'm just sitting here, you know on my own I you know, I'm saying I'm not shorting that zone But I'll take the trade because I want to show you guys. He's not and the other thing too. I Tell I run this all the time. I used to have the Best intuition ever I was you know the huge scalper and that's all intuition like you just you're watching order flow My intuition now is it's basically almost always wrong as far as I feel like this is gonna happen to ask me I'm like, there's so many times I'll put on a trade I'll follow my rules and I put it on and I'm like, this is not gonna work This does not feel good. This does not feel that and then it's a huge winner, right? And so I basically feel one way but I follow my system, right? So the whole idea is you guys are competing against algos algos are 80 to 90% of the market So if you want to compete you need to trade like an algal algos don't have feelings Algos don't think this might happen. This might they just follow their point their trade plans So what I'm saying is if this does trade in a 80% of an ATR below here I will get short Because I want to teach you guys the right way But there's gonna be certain instances as you get better where you know You have to use some discretion But like I said most of the time my discretion is wrong and you're better off just following your rules Because you have to trade like an album if you want to beat out the beat the Algos All right, so that means I need to do this, but I will so bottom of the zone is at 60 ATR at 80% of an ATR is 6.8 points So 7 points so at 53 algos short This is aggressive entry, right? The conservative entry would be wait for the full ATR eight and a half points If we go higher, I'm waiting for eight and a half points right test failure So volume in ES isn't terrible right now It gives me a little more confidence if I do short that. It's normal. Essex pretty pathetic I don't know if you've ever done one of these webinars when like Fed was speaking or anything like that So this is a new twist. It's not very fun either Again, I don't have like full confidence of my trades when the guy could say anything at any time and move the markets So what smart people do is they don't trade while the guy's talking I never said I was smart so No question verse while we're waiting for something to happen. I was a ton to ask guys when there's nothing going on I can Answer it. No, no questions really Scott. I'm sorry. I was on mute there. Um, maybe a couple are streaming now, but Yeah, I mean it well Really good point you made. I mean like Your simple plan is you know the lugs and and then order flow and volume around the lugs and However, due to this environment Then you're thinking differently because like you've got some other conflictions here Otherwise, I mean this would have been a beautiful trade Right Right. It's it's what I should have done right what I should have done is enter the stop run Right so that this initial stop run. I should have been short based on my rules I didn't do that. Yeah, because I was complaining with my and then what I could have done to say I had to get Shortier ATR this came in right after so then I could have trailed my stop My original stop would have been a 80% of ATR above this zone now This came in I could have trailed my stop down and then written and it's it's working right So I basically broke my rules here Because I'm you know nervous with Paul and everything in the mine and everything and this is right now This would be like a 10-point winner right, but Right. Yeah No, I was just getting to to the point of like, you know I mean, it's this is where it's You're adding on top of you know, you're you're you're plan like other discretionary inputs here and You know, sometimes the plan works sometimes it doesn't sometimes the other discretionary stuff works and sometimes it doesn't like Well, the plan is number one, right? But yeah, so I just canceled. I'll show you what else. Let's throw another discretionary Do it now this is I mean this is like spot on right? So this is what my room can see too. So you can see This is really important. So I'm not taking that short now. You see you see this red line This means so this is the S&P 500. This is all 500 stocks in the mini S&P. I mean that the S&P 500 index is composed off of It comprises the mini S&P or the S&P futures start S&P index So the point is when you see this thing get this is the 66 percent line when you see this thing get 66 66 percent are higher above this zone Things are oversold meaning This is based on the TAS the TAS indicators if you guys remember I used to do the I used to do the TAS trade room and So I have these boxes on here I don't really trade off the boxes as much but what is telling you is out of all 500 stocks that comprise Indice in to see for the index There's 70% that are below their TAS boxes. So TAS boxes are just mini market profiles, right? So again back to like we were talking about VWAP how stuff reversed to the mean When that thing gets oversold you do not want to be initiating shorts It doesn't mean you just blindly buy but you do not want to be initiating shorts, right? So I am not I've just seen it happen too many times Right, so it doesn't mean this thing can't go higher. We've seen this thing get up to this You can see right here So out of the 500 stocks in the index 316 of them are below their TAS boxes, right? We're getting higher and higher This can only go so high and then it's going to revert. I do not initiate shorts when we are oversold So when we were down here, I could have done it. That's when that stop on fire in the S But now I'm not I'm not doing it. So And what's probably gonna happen is we'll probably spike down here We'll fill this liquidity because liquidity always gets their way and then we're gonna But I'm not gonna initiate where I should have just initiated was off of this stop I'm like I said, and then I'd be looking to get out right down here, right? I should have been in it 80% of an ATR below this signal All right, and that's already 10 10 points in my favor, but that's fine. I mean again I've never done these webinars with Paul speaking. So or no fed guy speaking. So it is what it is, but What's gonna happen is this will get filled. This will get filled. We're gonna be way oversold I'm hoping I get a bullish setup because I'm going long As they've never retested its own either This one I shouldn't have been aggressive off of because we're still like right on the yellow load But this yes, I should already be sure but that's fine Let's watch how this happens Let's watch the big money get their fells like they always do And then it's free to do that. So a bigger picture wise This is just pulling back where we talked about this being one bigger one It's just pulling back to the top Do that could even pull back to the high-dive node and do that if it gets through the high-dive node That's when you want to watch for that. That's when you're gonna get the big move And I buy him notice probably about 43 17 ish All right, so technically I should be short right here based on this setup, but again, like I said with oversold I'm not doing it You can see in their hammering these stocks. So again, this is tick strike. We've talked about this many times S&T I size for buy. Yes, 738 contracts. Here we go. I would just jump in along aggressively here But I want to see this that's the point. He needs to get their fill first. So I'm not gonna Plus this is not Not quite threshold either. So we'll wait So many times you guys so say you're short and you're you're playing liquidity to see what happens to maybe get out of some So many times you'll get close and I'll do that at least initially It'll still come back and fill us But I'll do that and throw everyone off because these algos pick up the size in the order book and they run it away because they're Set to run away from big orders to make the orders chase Right so like for instance, I were coming here and drop a 500 lot in on the bid The market would do that it would run away from it because I want you to chase it Once the big money to chase it and then fill it and then it does that right so what I'm saying is If your targets are liquidity be ready for it at least an initial run away from the liquidity It'll eventually come back here, but you have to endure this You know it's doing this and I could pop you know 10 points. You're like damn it. Why did I why didn't I get out? So I'm just saying if you're using liquidity as targets get ready for the algos to Fire away from it the first time down there with many many many many times. It can mistake not drying this ice I mean it's 660 my threshold 700. I mean it's close. I Mean that that ice down there is just beautiful. I mean like a you know, they're front-running the high liquidity It's a massive ice border Right, you know great great stuff Quarter you'll still get their fells though. I'm pretty sure that's why I'm not just jumping That's why I'm not even drawn a zone yet I want to see this come back down here fill this and then if more ice comes in then I'll draw the zone that I'm gonna go along Yeah, yeah Even even more down at 45 Yeah, and even more down here So this is another thing right guys, it's like just like with the heroine to care Yeah, there's a divergence. Let's see if it's still there's still a divergence See if it's still diverging. Yeah, I mean look at this thing, right? So you could been looking at this this whole way down and been like yeah diverges. I'm getting long. Yeah diverges I'm getting long. Yeah long long and you just got killed Eventually, this is gonna revert right now. We've got enough in our favor This is about the end of this move down. It would be my call, right? But my queen is this is not a red light green light indicator and the same what I was getting at is with this liquidity You know when you when you bring up your charts for the day the book may happen You go like this and you scrunch it in you say wow, look at all the liquidity down there. We're going lower Yeah, most likely because again the big money gets their way, but it doesn't mean we're going straight there We can especially right now. This is probably gonna bounce It's probably gonna come up here and then by the end of day It'll make its way down and fill all this so just don't think just because you see liquidity It's gonna be a straight B line to that liquidity Just like if you see the divergence in the put call ratio It doesn't mean you just start buying because if you did you already be you'd be 50 points in the hole right now Yeah, this is a really good point And you know that that longer term liquidity like for example yesterday 4400 like, you know I was looking for that as being a target And we came up kind of close to it and then sold off really hard at the end of the day But you know guess what overnight and you know during the the morning session it filled it You know, I mean they just they just stay in the book and then and they'll they'll be up there and and get their way Like like you're saying So it just doesn't happen when you know, we think they're looking for it to happen Well, we want it to happen Right sometimes. Yeah a lot of times it does a lot of times it does too But yeah, you'll have these days like it just goes against you and against you It keeps on filling the liquidity at lower levels lower levels or levels and then you get a multi-day bullish move to the upside So you get to look at this thing It's pulling back a little bit now, but this got up to up to 77% of the other of the stocks were All their test boxes again many market profiles. So it's still at 71. So I I'm fully expect I just want to see one more swish See this at least this first ban on liquidity to get filled to get another signal and I'm going on I'm gonna go along aggressively again. This is outside of my normal rules But there's enough going for this trade where so we got oversold. We've got a baby lug. So you see this target line that's Long in itself sometimes right or targets obviously if you're short, this is a good target You've got extreme standard deviation And you don't have a ton of I'm coming through this tells me this is everything tells me this thing's gonna revert Meaning at least pop back to be wet or pretty close. I'm not terrible As that gets pretty bad here. It's not too bad, but I'm fully expecting a bunchy jump here Let's just wait Wait for the liquidity to get filled and then we can make a decision Let the big money get the way guys This is not hypothetical the reason I know all this because this is the game I used to play when I was a big scalper, right all day every day. This was my game. I put in like a thousand lot thousand lot Mark would be up here and then I would start selling a little bit Selling a little bit selling a little bit and I see how the market reacted if it was let me do it Then when we get close to my order I would just step on the gas and I'd like start just selling your flurry and people would join on me And then it would go and fill my bid fill my bed I just made 50 grand on 2,000 lots and then I'd be out and then it could do whatever it wanted Over and over and over and over that was the game, right? And they still play that game So I mean there was I could spoo you could spoof back then meaning you could put in orders in the order book and pull them fake people Out they made that illegal but back then it wasn't illegal. I mean that this is what I did all day long So that's what my setups and my volume analysis is all based off of you know Being a big trader knowing how I used to react when I was caught when I was right the games I used to play watching it money play their games because again, like I tell you guys in every webinar I think back then you can see counterparty so you can see exactly when you ding the order I would have a little counterparty box right in the bottom bottom right on my screen Again, I got to show you guys the videos. I just got to get them transferred to the to the desk You can see it so I would like ding ding I'd like hit the bid hit the bid at the bid and I'd look over I'd see you know One one one one and I'd see the same house on the word I'd see like a big order come in and I ding it and I'd see it was the same house like seven one four This is I think fee man at the time seven one four So I would know it's one house and I know how they react. It was like a big poker game, right? Well, of course they got rid of that because the big players bitch to the CME enough I'm sure it said that's not fair. We don't want them seeing who we are and they get rid of that So but my point is all of these setups and this velocity with the liquidity and shocking They got filled by the way It's all based on when I was a large trader and how I used to trade it right and watching other large traders trade So this is not hypothetical stuff So would you write so that look where they got filled would you first put your order in your limit order as a target first? and then and then start advertising like Via the aggressive tape to get people to jump on board to fill you Yeah, okay, absolutely and then Yeah, so you're getting your liquidity filled on the bid and and that's where you're taking your profits Are you also reversing there Sometimes I mean it depends it again It was all it was a lot of it was feel right like I would see how the market react and like say we just nibble at my Order nibble my order and it wouldn't fill the whole thing Then I would just turn around start buying the crap out of it and run it the other way Right, so that it was just it was basically it all feel trade And the bigger I got the better I did right because I was able to push around the market And that's exactly what these guys are doing and you know, I had a mentoring session yesterday I was telling the guy like, you know And I'm sure people all day long all you traders are like this is manipulated. This is fixed can't beat them You're a hundred percent right it is manipulated it is fixed it is set up for the big money because they could push it around But that doesn't mean it's hopeless It means if you can't beat them join them with this information that you're seeing you in the liquidity the icebergs You can figure out the games and play the games. That's what the setups are It's playing the game right so don't be despondent that you can't compete with these guys if this is why This is the most important information you can have on the planet on the futures trading planet Is this his book map in the real-time volume in the SI indicator steps because you can see the games and you can you can join them, right? That's the whole point. So it's not hopeless And this is not a thing of my imagination of what's going on because like I said I traded it this way for many years and watched the big money traded this way So learn the games and play the games Because that's all this is it's one big game watch that I think I talked about this last week the kramer Interview he did before he you became a tv guy How he used to be a big fund manager and all he talks about it how he would manipulate the markets like just You know fake outs put big bids in sell sell like You know he wouldn't be a buyer overall But he'd sell like 50 000 contracts to get the market going and then he'd have all his bids below and then he gets filled For 400 000 the other way he would call in fake rumors Stuff like he talks about this if you guys scroll up. I think I did I not or you weren't here last week bruce Pretty sure I put that in the room if you guys want to see let me know I'll look for it again, but it's It's a game. It's all a big game. If you can understand what's happening. Then you're out. Then you have the edge, right? I'm just looking for something else here Yeah, I mean even reminiscence of a stock operator the second half of the book. He talks about you know manipulation A lot exactly that's a lot if you have money you can push it around Right, and that's what big funds do. I'm gonna draw this zone since there's nothing happening It was close enough to 700 700 is my threshold I don't want to miss this train because I have very very very strong feeling this thing is going to rip Again, it may fill one more that last band of liquidity below And I'd love to see a little more ice come in here See one more push give them their fills. I don't think we're going to get down to 32 It could be wrong, but not not I think eventually we will today, but not right now I think we may fill one more band and I think we're going to rip about 20 to 30 points be my guess Okay, I just saw that Alan thanks for watching watch that thing and see they're going to make you really really mad 160 to contract we're just going to help clarify a lot of stuff of what you're seeing in these markets like And again, once you know, it's just a big game then you play the game All right, so this was gold I marked this up. This was actually so ice Something else just came in We'll play off of this zone While we wait for this liquidity to get filled let's check out Old lugs The only thing about today like I've said about 40 times now is Paul speaking. So no This could just continue lower And defy logic, especially if he says something that logic meaning the normal happenstance of these markets of what usually happens in here But you know, I'll still I'm still playing what I you know see 99 point percent of the time 99.9 percent of the time. All right, so gold is still above the o-log So I'll take this That iceberg came in here. So I will take the long aggressive lead meaning 80 percent of an atr to go short I need to see full atr retest fail and then I'll go short atr is 25.5 It's right there both for the long side my aggressive long is 80 percent of 25.5 24 so 21 takes above there As long as we don't trade in full atr below here, this is still intact to me It's pretty close What I say 25 26 Yeah, that's 30. Okay. So that this is negated as a long setup Right, I was going to go long aggressively because we're so the yellow lugs here That didn't drop very long. Sorry I wasn't going to go long aggressively 80 but now we got a full atr below here This is now long long sub negated I'm waiting for a retest failure then I'll go short and the reason I need full atr Which we got retest failure is because we're still above the yellow lug That's how I trade it. So Like I said earlier You may not get the retest but in my experience you're you're much safer In certain situations like this one waiting for retest failure 20 percent of time it'll just go and then it sucks You're like I had that idea and I wanted to trade it but I didn't get my retest But 80 percent of time you will get the retest So especially in gold especially in crew those are two Number one crew is number one goals number two in the retest of those zones So you never have to chase chase the price let it come back then get it I really wish Paul would stop speaking so this can be normal trade. That would be nice. Hey, look at that Hey, look at that liquidity. It felt who knew Oh, we did Always always I really wish I would trade it to stop run up here This this is what I should have done right I should have put on this 80 percent of an atr because we're below the yellow log then this came in I could have added actually to this 80 percent of an atr carried my stop down 80 percent above this newest zone and that's where my stop would go for this ad And potentially you could add to this one too. I just again This is not a normal this would be ripping back up normally 30 40 points by now Everyone has seen it a thousand times, right? That's some peace talks top sell ES 580 for Tom brass. I'm definitely in line off this. Um, but Paul speaking so things are 781 there you go double whammy Dumb money puke into the waiting ends of by ice This is what I was waiting for Again, it still scares me to trade these because it's Paul, right? I mean, you don't know he's gonna if he says something everything's out the window That's what sucks, but I'm willing to take this trade. This is not done This ice is not coming in. We're gonna go down and fill that last bit of liquidity first I guess so Why don't you make me get short up there Bruce? poor My say scotch is follow your rules scotch is follow your rules 30 point trade 20 point trade. All right, so here's your double whammy My six setups Guys can I have the SI indicator course that teaches the setups gives you all the thresholds for like 22 markets So you can learn how to trade these things Identify them and learn to trade them. All right, so you see we had 800 even more because it kept coming in by ice and then you had the dumb money puke the retail trader puke Right in the waiting ends of bias. I know we're oversold. I know we're extreme standard deviation I'm getting in a straight aggressively out of this zone. I don't I know we're below the yellow log But this is an exception that I'm making here I'm a little worried again with Paul speaking and that liquidity below, but I'll do it 8.34 is the full ATR 8% of that is 6.67 so six and three quarter points out of here So it's 51 and three quarters. I'm in which is going to suck because it's going to be right in the southern zone Which it may reject, but that's my S&P ice ice for sell ES 703 contracts I got sell ice coming in hopefully it's not thresholds. So I don't have to draw another zone Is this guy still talking? So now I got to make sure my risk is correct, right? So if I get filled on this so it's Six and so say seven points seven and seven is 14 meaning I'm getting in seven points above the zone I have to risk seven points below the zone. That's 14 points and then the zone width is another Four points. So that's 18 points. So then you go to the risk calculator again. This is one of the benefits of my room They got them on there. You can find them in the internet too, but this is we have those multiple versions of this in my room So what I say 17 points or 18 points Yeah, I can only be putting on two not three So you may say wow a big deal too lot but that I'm adjusting to the volatility, right? That's this is how you don't blow out your account like that. I'm filling right in the middle of this zone, but That's what it is. I know I know the 20 30 point bungee jump is coming I just wish this guy would stop talking and then we can start to trade normally in Here by the way is the retest of the gold zone It's a 25 it's a 25 right now. So 20 20 ticks below here is a record as an ATR so 80% of an ATR So I get in at the bottom of the zone is at 96. So I'm in at 76. I'm just looking at the last two digits That's that trade Yeah, the only reason I'm nervous about this is because of paul and I don't like that liquidity below But doesn't mean we have to go there right now. Let's take a look at uh The other factors I was talking about and I know we're still over sold And it's pulling back a little bit, but we're still 75 Find with that and then let's look at the hero That's right now What do you say if I done talking? That would be welcome. Yeah, and you see this option flow. All right filled on that. So now my stop goes seven points below this zone We have 34 which is I'm filled on gold too, which is uh Basically right in front of this liquidity That's what it is So what I'm supposed to do here again my normal rules because we're below the yellow lug I should not have been in aggressively. I should be waiting for the full ATR retest failure I got in aggressively because all the factors we've been talking about for the last hour So we'll see I'm almost positive this will come back and retest because every time I break my rules I get it. I get the finger the middle finger from the markets, but There's enough going for this where I'm being aggressive But if you were following rules You know with the lugs and you have the lugs in your following these zones and you should be waiting for ATR, which this is now Test failure and then you get it then you get any point two nine S&P I size for Excel. Yes 701 contract. So now what we can do If this is threshold at least trail our stop based on the new setup and then possibly add to this Right just gets to there you go. All right. I'm getting rid of this zone because it was Prior Now we have see the cell ice coming in here I'm just gonna start S&P ice for Excel. Yes 700 contracts. See how much see how it just came in and got done spiking There you go. Now at least I can I can control my risk here Meaning not control why I was already controlling my risk with my stop But I mean I can tighten up my risk because this is a brand new setup, right? So ATR again is Eight and a half Seven six and eight. So seven points below here in muscle Um So six and seven points below here is where I will step out now. I can try my stop, right? This is how this is how you trail your stops based on real-time I am not because you don't want to lose money or get money back So 750 we'll just say 51 S&P ice for Excel. Yes 700 contracts So 54 53 75 is the actual price, right? So now I'm not risking anything Relatively swim saying a lot of cell ice coming in trying to stop this market though. Wait, is that right? No, I take that. Sorry guys Do this again 51 it's 44 sorry 43 75 So, you know, I just saved myself 10 points of risk, right this comes back the problem with this stop loss or what I'm going to do here is I Do not like stopping out in the middle of zones, right? So I'm going to just move this a few more points I'm going to put it down. I'll just put it down here Yeah, it's four four points four and a half points But this is an important area obviously we just ripped out of there So I want I want to make this market if I'm going to be wrong I want to see this push through this entire zone through this liquidity and then you can stop me I'm not I don't want to stop out right in the middle of the zone So again, this is another, you know Think of the word I'm trading it differently than I normally do But I do normally do this if my if my stop is in the middle of zone, I will move it out of the zone The priors. I don't know just I'm just gonna leave this So there's a very good chance it stops at this prior ice zone that we broke down from but So what I'll do now I got in my aggressive trade now that this new setup is occurring here Now I'm going to wait for retest failure to add to this trade, right? I got in aggressively now I'm going to wait for retest failure Lugs once again, I'm just keep this in mind this huge divergence in Like I said For all you guys complaining in the hero room that this doesn't work It's not red light green light You just want to pay attention to it because eventually it will start to revert You just got to find the right areas to do it and that's what the what you get from the setups, right? Now you see this is pulling back here. So I'm not oversold anymore But we have the position on so it's fine It doesn't have to be oversight over sold to take a long, but I don't take shorts when the thing is oversold Paul's still speaking by the way, which is neat All right, that affects gold too by the way, obviously Um, what did I say? Hopefully paul doesn't rain on my parade 27. That's that trade short gold Stops at 27 Just leave it. That's that Lugs That's what I was telling you guys why I was didn't want to go short. I mean it did move lower, but Boom Right off the you know, it hugged it for a while, but they eventually will revert We were oversold. That's why I got in aggressively So we're still below the yellow log. So now I'm waiting for a full ATR away from here, which again is a eight and a half points So we're at the top of the slugs at 60. So we're looking at 68 and a half Retest failure now. I'll add to this trade and the stop goes in the same spot down there at 43 and a quarter I'll be shocked if this just makes it rips right through this prior place. So It's probably gonna do this. It's probably gonna do this do this do this do this come up here retest and then go Again, I really wish this guy would stop talking so I can just trade without worrying about headlines Like I said that probably 400 times in this webinar Why not put the stop at the blue line? What blue line are you referring to? 43 45. I don't see a blue line of 43 45 Are you referring to what do you mean by correlations? I've never really looked at core. I've never traded off correlations. I mean, I'll keep an eye on nazi, but I don't There's many times like nazics above the yellow lug and yes is below or there's a there's a bear setup I'll take opposite trades. I just had opposite trade on a couple days ago in my trade room I think I was I was long nasdaq and shorty s or vice versa. I'm speaking to this. I'm gonna cancel that order This is the first retest it is not by the way Nothing has really happened So this is actually a situation where I could go short this we're not over we're not oversold anymore It is the yellow lug Just want to make sure we didn't get any other subs. I may short this and show you like I don't I don't look at 150 But it is a retest like I don't I don't Not not take a trade because you know naziq's ripping. I mean if I get the setups in my market, I trade It's a little do here Because we're not oversold anymore It doesn't mean this is gonna fill either. I hope it doesn't fill because that might that means my es trades Ripping 35.3 Is the atr a naziq? So now here's a retest if we fail 28 and a quarter. I will short this So that's uh, 82 70 22 and a half 20 79 and 79 and a half basically So I will trade this right because we had Where I was supposed to be nice for by cl 151 Um, I should have shorter this aggressively because we're below the other luck. I didn't do that because I've said it a hundred times about the oversold blah blah blah right But now we did this at this retest I'll short it and it's kind of a hedge against my es too I'm not doing it because of that. But you know if he has turned around sells off this At least I'll make it I'll make something on this and you see what's down here. You know, we're getting there eventually I'm gonna force me to put a train on this Nutty market So like I tell you guys all the time be careful what liquidity you're trading off of right? This is nonsense This is algos someone messing with the market, right? This is not liquidity. I'm talking about even this I don't really pay attention to this was just put in and this this has been here for a couple hours So you can potentially I'm talking about liquidity. That's been in there for hours and hours and hours Maybe overnight That's the liquidity that I look for targets, right not not this nonsense. This is just algos screwing with everybody That's all it is But it still looks like we're coming up to 116 eventually here I love how I say so nonchalant like it's five. That's 500 ticks away. That's five dollars away Normally you get a 500 tick moving crude. It's like it's like once out of out of the year Now you're just like, yeah, we're probably going to 500 ticks from here This market is nuts. It's gonna be really good for gas prices $10 gas be cool draw this I don't even know if i'm gonna carry this again the atr is it's insane. It's To come down a little bit. It's still 90 90 ticks So that means I can so aggressively at 90 ticks. Well I'd be a little less than that so eight so say it's 80 70 ticks or whatever That's still between my entry and my stop loss. That's like 140 ticks And then you got to go the distance of the zone. So for instance, this is 50 ticks That's like 190 ticks. I'm risking on a one line. I mean, I could please could put out one So you may just say and then and then you're susceptible to headlines, which I've taken that in shinner during the week Um on a couple headlines So you're probably better off not trading crude right now would be like I said I would be surprised if this thing made it right to this prior zone and look at where it's not And now we're gonna do this and then this But I still need to see full atr retest to add to this long You guys will be amazed when you start drawing these zones how the market respects them, you know when you come back So say I was long from like way down here You could use these zones as a target to get out of some right if it struggles and starts to move back out Get out of one or two or whatever right because this is obviously respected. They're you know, they know where this last What happened in this area before right it's traders that were caught This is the way you have to look at it, right? This was the zone that I drew it was it was obviously sell ice Yeah, 800 sell ice. Well, there was sell ice. There were buyers right So aggressive buyers running into sell ice. Well any trader that helped through all this and it comes back They're saying thank you. I'm out of my trade. Thank you. I'm gonna scratch that I was wrong right and that's what many times leads to the retest where it comes from All right, Bruce, I'm out of gas here. Any other questions? I guess a lot of stuff from Alan Yeah, I think you've maybe answered you've answered his questions about the correlations etc, so The no, I think we're all kind of caught up here questions. All right, so So again, I'm I'm long mess. I will add to this Offer this zone as long as nothing new comes in yet all the size here if we go at our retest failure, I'll go long I mean, I'll add to it and then stop at the same spot. That's barring if anything else new comes in, right? And then I will shorten Aztec if we do Fail off of this zone I'll short that and then my stop is going to go 80% of the material above the zone I'm hoping I just doesn't doesn't even fill and the market just rips, right? And this just goes like this and the s goes like that and I can cancel this order and then ride the long So I'm hoping for Uh and then gold Came back into the zone Yeah, Paul could say anything in this thing. You just go like that. So It's fine. I assume that risk when I'm trading That's why if you're not doing well or trying to preserve your account It's probably a good idea not to trade during this whole ordeal Let alone when you have the horde whole ordeal and he's talking, right? And then I'm watching crude Failed out of this zone. This looks like broken ice now Remember the ATR is 89.7 so 90 ticks so that means This is gone. This is got to get down 35 To be an official broken ice setup That would be an ATR then you look for retest failure. You know, sure I'm hoping I'm hoping we're above the yellow. I already just missed a trade, but potentially let's see No, we're below the yellow. So I should be in this trade aggressively So 72 ticks below this zone again guys if you're not An accomplice trader, I wouldn't be trading this right now So 70 72 that's 55 53. I should have been short. It's basically right here Short that this is again. So watch this, right? So that that's I got in aggressively because we're below the yellow look, right? All right, so now I have to risk 72 ticks above this zone, which puts me at 11 42 Right in front of that liquidity too 1142 is what I meant to say. So I'm risking 190 ticks on this trade, right? I mean, yeah, it could go 400 so I'm willing to do that but That's the setup. So I took it So short that Short gold long. Yes. I will shorten as thick if this comes in close to me All right guys today There's a little different day with the ball with the Fed speaking Paul speaking, you know, a little weird but hopefully you're you know You're learning the setups why they work what they are so on and so forth. That's the point of these webinars So again book map and the assayant of care is the most powerful thing you can use in your trading I don't care what you're looking at. You don't have all the information if you're not utilizing this real-time volume info All right Bruce. Thanks for having me. I'll see you guys Yeah, thanks. Thanks Scott. Um, yeah good webinar. I mean, uh, you know, just peering over your shoulder like this is uh It's just fascinating. Oh guys, you speak 100. Thank you. Thank you very much No problem All right, I have a good day. I'm head of the golf course here shortly. Yeah Sounds good See you guys next Thursday. Okay. Thanks Scott. Thanks