 Good morning traders. Hello and welcome to another live trading webinar today. We're joined by Scott Pulsini a professional futures trader with an absolute ton of experience in order flow trading and bookmap analysis This session is held every Thursday at 10 a.m. Eastern Time and It's part of our education here at bookmap These live sessions give you the chance to observe how a professional trader leans on bookmap and executes in real time So really a great opportunity for you guys to learn and ask questions You can use the YouTube chat box or the advanced webinar discord text channel and I'll do my best to get through everybody. I Also want to remind you guys to hit that like button if you find these webinars useful and Please subscribe to the channel to be notified of future events Okay, before we jump into the live analysis with scots, please bear with me Well, I just run through a couple of things here We've got scots contact info so you can find out more about scott his website scott pulsini trader.com You can also connect with him on Twitter scott pulsini tr1 Feel free to also reach out directly to scott via email scott at scott pulsini trader.com And the disclosure here goes All bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance trading futures equities and additional currencies involves substantial risk of loss and is 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 and or lifestyle Only risk capital should be used for trading and only those the sufficient risk capital should consider trading Past performance is not necessarily indicative of future results Okay, Scott. Can you hear me, sir? Yes Good, thank you. How are you? You got my screen same give me a second. Yep, you're good to go. Thank you. Alrighty I haven't really done much here I was gonna short NASDAQ and then I realized this number was coming out and what I tell my trade room every day is Probably not smart trading into numbers because it's no information and all bets are off that's obviously not some revelation but Tend to do it more often than I should and it's not a smart You could get lucky, but that's just negative reinforcement. You just better off waiting for the Number to come out and then trade a new setup. So that's what I'm doing right here There was some a lot of investment up here early on there was some The sell ice here. This was 300 sell ice It did get an ATR above there so that disqualified my short for this particular Set up and then there was a stop run on this was the this was the trade that I was going to short Because I was able to push an ATR One five-minute ATR out of the zone. It retested started to fail and I had my short ready to go and so we had a number coming on and then I realized the blue level was right down here too, so Because of watching my prior webinars these lugs are absolutely Insanity as far as how powerful they are second most powerful thing I've seen since I Futures trading besides obviously book maps number one Using these lugs with I call I calm lugs their Ludwig levels lugs is just easier than saying Ludwig level 85 times in a webinar Combining these with volume setups are just absolutely golden. So This one actually did punch through but you can see this stopped right here Again there was a volume set up But went a little bit higher than an ATR that I showed you so I did not short that set up So I'm just basically waiting For something new Yeah, I don't have a These markets based on market structure should rep but you can see this is an important zone here for the Nasdaq Discured I missed a trade there a little bit ago over it. Those are always fun to rehash Anyway, this was directional conviction and a large sewing tail We came up here. You can see it struggle over the last few days struggle again. This is actually a failed Breakout and that exact zone that we're at right now and you can see we just put a sewing tail There and we're here again. So This market should do that based on what happened yesterday, right? So this was a Fail breakout of this balance area Smart goods should have done that instead of stopped in the middle of nowhere as far as structure Recovered and got to the high buying note of this balance area So what should happen now is this should do this if this turns around and then fails in the zone Then I'm looking down to these areas here So as of right now, you know, I'm not I don't really want to go long in this zone I'd rather wait for it to break out and then I think it's you know off to the races. I See something very compelling. I'll consider it, but we're basically just balancing in that zone So again, it should do that. So what I say every day is You know once you understand market structure and the way these markets react to the structure or should react you expect you expect something and if that doesn't happen then the Trade the other way is multiples of what should have happened in the first place, right? So again This was a fail breakout That's what should happen there, but that should just keep going. This should not come back and recover this balance area Which it did so this should do this or this does this and then fails down to zero which we cheer for every day in my room hasn't happened yet, but One of these days I kind of kid, but if it goes to zero, it's pretty probably into the world so probably don't want that but I'm always cheering for the sell-off because it just makes no sense these markets With all the stuff going on in the world and but see guys, that's that's the point, right? It doesn't matter what I think and You know how irrational you think something is the markets are the markets and let them tell you You know, there's that saying it the markets can make Couldn't remain irrational much longer than you can remain solvent, right? So there's many traders that have blown out their accounts for good thinking something had to happen, right? And the market could just keep going and just like since COVID I've been waiting for the signal back to COVID lows since the COVID lows And it just hasn't happened yet, right? So You can have opinions all day long and that's fine, but you want to use, you know Your understanding of market structure and the most important factor is the real-time buy-in and that's what I use in my trading Obviously so you can see here. This is ES This wasn't really a failed breakout per se. That's just broke down That is a failed breakdown. This should do that Right if this comes back gets back to the sound gets back to this high-volume node, then we're coming down here. So You can see these this is why I have these zones again I'm gonna I've just been backed up But I'm gonna have a subscription these are very cheap subscriptions It's gonna be like 30 bucks a month or something where you can get access to like 15 markets every day You can draw these as well. I mean, it's not rocket science and better you get it It's very easy, but you know, it is time-consuming and you know You won't have to draw these zones and you can actually compare it to mine so on and so forth Especially if you're learning but these zones are very very important where prior things happen You really want to pay attention to it. You can see this is exactly where this market just stopped Selling tail is to directional conviction that led to this hold-down move selling tail. That's instant rejection Those are two of the four important areas of Of charting and that's where I've held and here we are So this zone was because of I drew yesterday You had a little sewing tail into the clothes and then we gap down yesterday We just rip right through there. This should hold if this breaks. Bye. Bye So that's what I'm watching right now for right now. Again, this looks bullish. I mean I'm leaning bullish I want to probably trade to the to the long side, but Once again, you can see the magical magical lug holds the market and Sells off so this is an important area that I just showed you that zone and you can see this is a prior market profile This market struggle here for multiple days Three different days that struggle to get in here and it's in here now and it's threatening to break back down out of it Right. So these are individual days here. You can see this day Let's just expand this so I could see what this was. This was this here This is only like a two-day. It looks like a two-day or back from December So you can see this day. This is like three days ago Try to get in no dice close right here yesterday or a couple days ago Try to try to try to try closed outside gap down Here we are again close yesterday couldn't close inside and we finally got inside And now here we are so if this thing when so the rule of thumb is when markets accept inside of the Market profile composite area Get to the other side if that doesn't happen and it gets back out That's telling you something so every day you're coming up with a story pre-market You should be looking at your bar charts based on you know kind of stuff I talked about there was a fail breakdown this thing should rip You come up with with a thesis on what you think is happening and then you look at your market profile You do this independently. Okay, here's a thesis. This got this finally got inside this should get to the other side So everything's looking bullish right now But you've got to be ready to pivot, right? So you you come up with if then scenarios You're like, okay, I'm ready to buy this. I want a volume set up and I think we're going here If this gets back out, you got to pivot and say, okay, something's up. This is not good for this day But what you could do here Yeah, this is this is close I'll probably wait one more day because Like if this was if these were three individual days, I would go you because this day overlap this day You can merge all three, but this is a composite. This is now a composite. This is just one single day So this composite did not overlap that so for some reason if this builds a composite today Well, then I would merge all three see what I'm saying. So Right now. I'm not gonna merge all three of these. I'll just leave them like they are but this is definitely a Composite here and this is even more of the story because it's a multi Right so you can see this thing just got out of here Now we're back right here And then you got the prior one here, which is right at the point in control of this composite So that's not coincidental and when you draw when you merge your your composites You see stuff like this lining up. You just know they're they're dead on right what I don't like The one thing I don't like about marker profile is when guys get subjective with it, right? They'll like cut off tails and be like, yeah, this this this tail doesn't count So I'm gonna just get that off of there and I just draw it like I see it. I do not manipulate it I want to see it like the general, you know Population of traders is seeing it. I don't want to be making my own You know Composites and cutting stuff off. So I'd I never cut anything off. You see a big tail day and that's what it is I just leave it like it is. So anyway, this is holding Which is what should happen right now. So, you know, I'm just waiting for a buy-in setup and that is has not happened yet in here And there's been really nothing since the number housing number here in NQ either it's just bouncing around. So So now let's get into the pain show you my missed This was a golden trade. It's actually a playbook. I think I went over a little bit last week It's called the dad-dad playbook Good that quickly. So, you know what what I'm trying to instill in my room is You want to come up with Exact scenario playbooks that you look for in your trades, right? So instead of like most traders trying to catch every you know Every wave of the trade every move they think they should be in so on and so forth That's why traders lose money because you're not going to catch every move every move is not going to be sensical There's not going to be a rhyme or reason to most of the moves, right? So if you can if you can zero down to a specific Parameters that you're looking for and you just wait for those parameters We talk about being a sniper every single webinar and you wait you wait you wait You see it then you then you fire off, right? And is it going to be 100% absolutely not But the whole idea is there's an edge So there's definitely an edge just in the volume setups alone and then when you can overlay things which we'll look at here That that just makes an incredible edge So for instance, you can make a playbook just on volume setups at the Ludwig levels that alone could be a playbook No, nothing else. You just look for volume setups at the major level So this actual playbook is not It doesn't concern the Ludwig levels, but if you get a Ludwig level in this area, which I'll show you include I don't think they're not in this one But if if then we just talk about influence, right? So when we go over this playbook You'll see it has nothing to do with the lugs But if you get a lug there that's even better and it can be an A plus trade or you know The tops or bottoms of a marker profile so on and so forth So that these factors are really important in my training, but they're not part of this playbook But if you get that on top of the playbook, it's an even better trade. That's even a better edge, right? So This playbook is Called dead end right so I try to name my I try to name all my setups To be memorable and most of the time they're funny, right? So my six distinct volume setups for the bookmap as I indicated are you know the dumb and dumber. That's the dumb money That's what this is right here. That's the dumb money puke. That's what stop runs usually are just the retail trader puking out their positions Dumb and dumber stop and hold that's when you get a stop run that actually holds and continues The big money continues to push it then we have broken the Titanic setup Which is an iceberg where the market runs a note. This would be an example here potentially This is actually this is a Titanic setup as of right now I should we'll take this trade now that I'm looking at this So we got a new setup there too, so this was sort of beans that came down here You see this by ice. It was able to push an ATR out of there. This is a valid Set up so this would be Titanic and then the other setup is broken ice when the buy ice is wrong Right and we out we have parameters to judge When when it's right when it's wrong so on and so forth So again, there was a misconception when I first started showing this stuff all these competitors What did I just do to my chart here? Why did this just happen so I want to spend my time doing You know the competitors a book map which there are none they think they're competitors But their book map is them at times a thousand as far as what they offered my opinion and I've looked at everything To date anyway And they came out like they thought I was saying every time you see a buy iceberg So like let's just draw this I'm gonna get rid of let me get rid of this stuff Just because I'll leave the cell eyes in here right now just so we know where the zone is But I'm gonna get rid of this Stop run was only 150 anyway That's my threshold for this market to trade But it's right on threshold so you can see here. This is this is still right on threshold too, but this is buy ice But this is the first setup after this number. So anyway, they you know, they thought Again, because they had no idea what they're talking about that I that I was saying every time you see a buy iceberg You want to buy and that's not the case. Yeah, you it's it's definitely You know, you want to lean to the buy side because it's the icebergs are the big money icebergs are hidden orders Big money that have to hide their orders because they can't just throw them in the order book or their algos will run it against them So, yeah, you definitely there's definitely You know an advantage to being on the side of ice, but they're not always right and when they're wrong You actually get outside moves. So that's the misconception that was out there in the beginning that oh Yeah, just because you see bias you want to be buying and by the way, this zone is not correct So the way I draw these zones I take my bubbles off, you know, I've been drawing these incorrect for the last three years I've been drawing to the tops and bottoms of the bubbles You actually want to get the price line instead makes it much more accurate So you right click on your chart configure visible components Pick last price. That's how you get this white line I actually took this off right when I got bookman because it was annoying It's just too much for my brain on the one chart, but this is really important to help you draw your zone So you can see the spike here This was part of this Yeah, because I didn't crease so this was this came all the way down in here. So I gotta Wait for me as I do this my again recorders my life is spent drawing Zones They got that for the downside and then that came all the way up to here. This was still part of the spike That came up to there So that's still not right, right? So you see this spike continued. I've got to incorporate All the prices that happen in this spike and this uh I'm getting the market always waits for me to draw these zones. So I'm okay here. I'm just kidding. Um So that's basically that should be right on a price. So that's still not Still not right. So let's see what I did wrong. I gotta bring it down a little bit. So it's 12 20 12 20 75 so we come in we'll go over this spreadsheet as well But let's we put the zone values in here. This is part of my trade room. Please don't Email me asking for this. This is proprietary in my trade room Get it if you're a part of my trade room 20 75 That's not right. That's the top. Appreciate this market waiting for me. Maybe yeah, okay, uh, and then 12,050 is the bottom So you put your zone prices in And then what we do is we adjust I we adjust the current volatility. That is how you need to be trading not with static Stops, right? I can't even I don't even want to know how many you're on here Let, you know trade es or nasdaq and say I when I put on those trades. I like to risk four points to make eight Like every every single webinar that is not It's not a stable way to be trading you need to adjust to the volatility. So right now this atr in nasdaq is 30 points What does that mean every five minutes? It's rotating about 30 points. That's important Okay, it's not care that you only want to risk 10 points on your trade Market care is about the current that's not I've been putting in a number. That's not a good sign. All right The market cares about the volatility and the volume events now how much you want to risk on a trade So please stop using static stops and if anything you learn anything from these webinars one is the risk risk scenarios And you know making sure you're not pulling out your account and trading at the right size But Stop using static stops. Look at you know, I use a five minute atr. This is just the standard 14 period wilders atr What's the wilders atr? Google it. It's not, you know, I don't I've used this analogy a thousand times when I walk in a room and I need light I just turn on the light I don't need to take the light bulb out of the socket and open it up and see how it works Right, so I don't care why why this works. I just use it, right? So it's the default 14 period for a five minute atr wilders. That's all it it works perfectly. So And I believe that is the best time period to be using for the day trading than I do All right, so that nasa has been a pin in the ass the last couple days And it's just drawing his own after his own after his own But anyway, all the stuff's occurring still on this so it's open My point is you could use the hourly atr. The hourly atr is 97 points Do you want to be risking 97 points to have at it? I just don't think that's you don't need to be risking 97 points on On on top of the size of the zone so on and so forth. So I use the five minute atr All right, so now we have a stop run 180 stops right in it. So I'm going to get rid of this prior Sully song because this was before the number and this stop run is basically right smack dab in the middle of it as well So now we'll draw this zone So this is the one thing it's like if you are in a market that's active On certain days, you're just going to keep drawing zones and you know, it does get annoying But you know, I react to the most recent volume event. That's what that's the driver of my trading I'm not just going to ignore this this occurrence because I don't feel like drawing his own, right? So I got it right So you can see this stop run started here, but This is why you want the global plus with the sweeps indicator because this What you have to understand is these stops do not have first right at these prices meaning If I if I'm say I'm short and I need I put a buy stop in right so say I'm in right here It looks like actually it looks like this is the price it fired off But a lot of times you'll get it. So say say started down here So if I have my stop at 29 if somebody comes in and sweeps this order book They get first right for the stops. So the the stops fire off after this dude's done And then that continues the sweeps, right? So the point is Is this is this an accurate? Assumption is that this is the exact price these stops started. Well, no, they could have been down here But they don't trigger until this guy's done So you want to try to use these bubbles But you can tell this was not the price because if this was the price the first time up It would have caused the stops this time. See what I'm saying. So you want to use these bubbles So obviously this was the price that caused it because it would not have done this You definitely don't want to see red Bubbles that means that's not that did not cause that stop run this price did so this is actually right on I know that was just by confusing explanation for this but Especially when it started right on the red line, but many times it won't start right on the red line That's what I'm trying to That's what I'm trying to get at So let's draw this That's that it's just Are you guys So I just draw that and then I'll adjust it because that's all I ever do is have to adjust some So you can see that one on here's the spike. This is like just like we drew the last zone. You got to incorporate all It says Where is the thing that pulled there we go that incorporated all the prices In that stop run. So now we trade off of that potentially You can see this thing is just struggling to get out of this zone Right. It's just sitting in here, but The difference now I think I explained this last week too. So you can see this zone was ripped down instant rejection came up Pretty much instant rejection instant rejection now we're accepting in here that tells me that's gonna happen on top of everything else That's my thesis. Do I just jump in along here? No, I'm using my volume setups now But in my mind, I'm thinking okay It's accepting in that zone if this turns into a bullish setup It's go time and I think the bigger move is going to be to the upside right if this fails It's telling that's telling you something too. That's why this is the most important information If you are if you are just staring at a bar chart, which 99 percent of traders are What are you doing in here? You're just blindly going long Or are you blindly going short right? I don't know what to do in here Well, by looking at this, I know what to do by based on how the market reacts to the volume events Right, so that's what I'm waiting and I have distinct rules that I use to trade the volume events, right? And that's my edge So I again you're using volume events in important areas And they can be any important area that you deem important, right? Like if you got something that works all the time great It's going to work even better if you understand the volume event in that area or look for volume events in that area Versus trading trying to trade algos just whipsawing you in certain areas. So So that's that let's put these values in and hope nothing new fires off again Like I said, NASA's been a complete pain in the ass the last couple days Which is set up after set up after study yesterday was a Shit show pardon my language and I think I had to do with the Tesla stuff And I mean it was like from the open to the close. It was just You know, I mean annoying uh, 29 12 29 75 This is the bottom of the zone Is These are given we're not I'm not getting this trade in here. This is uh exclusive to my trade room as well This is more of a shorter term. I hate to use the word scalp trade, but that's what this is Uh, again come in there. You'll learn all about it. We're I'm doing the position trading in here That's good, I mean No, I gotta draw another zone again guys, this doesn't happen all the time We're just getting zone after zone after zone after zone usually you'll get three to five in a day Right, it's just and this is another good point, too If you know my threshold in here to to trade out trade worthy volume On the sub chart is 150 for stops and icebergs meaning anytime 150 fires off I'll draw the zone and trade off of it If you are on a day where you can continuously see 170 180 190 190 200 150 is not the threshold that day you have to adjust It's just like we adjust to the volatility with the ATR. It's the same with these if you keep seeing 200 icebergs Don't be drawing zones to 150 that day. It's just You know, you've got to use a little um common sense to this stuff, right? Most of myself is pretty mechanical and You know straightforward, but there's some days you just got to be like, you know what? I keep drawing these 150 zones and there's been like 20 of them when I first came out with my course I would get emails because my the you know as I've evolved I've learned the You know better and better thresholds, but at the time the threshold was like 100 110 and azek and I would get emails I don't understand. I saw I kept seeing 100. I saw 100 like 25 times today and they weren't working I'm like, well, they're not working because that's not the threshold for today You gotta if you're seeing a hundred like I said, the most you should see in a day is Three to five if you're seeing even today like you can 150 it doesn't seem like it's enough today So I would probably be drawing to 200 or more Let's see what this is This is 221 so I think this is definitely drawable. So let's get this out of there and draw the new one Lots of fun by the way You know the markets aren't doing anything and you notice I'm not putting on trades right because my parameters for these volume setups have not been met yet. So I just sit here Spend my life drawing zones and waiting for the reaction to the area Let's just get these in here real quick Any of that I haven't really done much but Give me questions on this all I'm still not so far I've got a Question maybe I'll wait till you finish drawing that one. I know you're not very good at multitasking there. You said What was that I didn't hear that last part I was gonna wait till you finish the zones because I know you you said last week you weren't very good at multitasking No, I'm not I can't do two things. I want to ask my wife I literally On the expressway I'm like heading towards an exit and she says one word to me I really don't want to for and land obviously and she says anything to me I just miss completely miss the exit because I'm like thinking about what she said occasionally I'll think about what she says and I I the point is I can't do two things at one time. My mind is just like just doesn't work that way. So There you go. There's your zone. Let's draw it again or let's put the values in again 23 and Oh wait And we'll just wait to see how this market reacts to the zone. This is an important area And we'll look at the footprint too. We're using that a lot more in the room as far as figuring out really high volume areas Helpful it's just guys. It's just I say this all the time too footprint Is useful It's very important in certain situations You cannot go down the rabbit hole of just using it and any in every move Like playing a high volume area and then put your stop above it. We'll go over this stuff, but I'm telling you I tried to use it for 10 years after I couldn't make money anymore scalping and I was at best a mediocre trader, right? So yes, it's important It's only important in certain scenarios Not only important, but you just don't want to be using it all the time. It's like a CBD. There's this mix misconception and human volume Um, I even got guys in my room yesterday saying wow this market's got this this huge delta divergence that's part of the dad dad trade book by the way, we'll go over but You've got to use it in certain areas in certain situations. It's just not every time you see a delta divergence You're jumping in a trade it to this you'll get killed take it from me when I first learned it it like worked perfectly A couple times I saw it and like oh, this is great and then I just would get killed using it So we'll go over that as well. So there's your most recent zones and all that's Oh, and by the way, we all know where we're going at least temporarily and you can see this We talk about it every webinar since day one that is a magnet that is not oh, wow their size up there I want to go short. It's the opposite you want to find places to go long because this is minimal where we're going And then what you can do here So this is the regular Chart book map came and this is part of global plus as well another reason why you want to get global plus in my opinion But you can get these it's called trader map pro Where you can put in specific values Order sizes and you want to be you know, you want to get it You know Order sizes that are large for that market. So I'm using for so this is this this is this indicator trader map pro Mine in azek is 25 to 1,000 25 doesn't sound like a lot in here You can tell there's not that many Loan 25 lots sitting in this order book, right? So Like down here down here. So it's like this is Just looking at the trader map pro you know So this when you pull up a market whether this this chart or the traditional chart and you see man's liquidities on both sides That's just telling me that it More likely to be a range trade. They'll be days like let's take a look at Mr. Crude Hey, I wonder I wonder where this market's going. So this is trader map pro. I have the same exact Settings on this 25 to 1,000 I'll give you one guess before we're going here, right? So does it mean it's going to go? This is another misconception. Does it mean just buy right now? You could if if I get a volume set up But I just know this is part of the process, right? We we already looked at structure and we haven't gone over a crude structure yet But you come up with your scenarios your Your thesis there and then you bring this up the most important information like hey, where's all the liquidity? So we got black hole below and we've got bands and bands and bands liquidity Guys, these are the big traders. They will get their orders there Well, how do I know that I tell you this every webinar too because this was the game I played all day every day when I was a huge scalper I would put my orders in the order book back Then there were a thousand lots in the es because it was Credible you could put a thousand lot in and not get killed and you can get out The key was you can get out So if I would get filled on my thousand lot if I needed to get out There'd be 3,000 right above me and I could turn around and buy from that 3,000 That's gold. I'm not trading gold right now. Um, but anyway, it's just all it is is manipulation in these markets Right, you can either you can either bitch about it all day long about the algos Now the big money pushes everything around or if you can't beat them join them, right? So this is the information Of what's going to happen in this market and every webinar I make a bet with people in every webinar I think I'm 100% actually I will bet you that this market tags this liquidity before coming back to this low So we're at 81 22. I will bet This is all it's always a round of golf in Arizona if you ever come to Arizona And if I'm right, it's going to be at like tpc That's 600 bucks right now for some reason and if I'm wrong then it's going to be at a muni course That's like 35 bucks. But anyway, it's still going to be a bet. I will bet you You'll get to this before we come back down to that Right, so that's just incredible information. Does that mean you just buy right now? No Now I wait for volume seven, right then on top of the thesis in crude, which we'll go over too, but this is really Really cool feature and bookmap just keeps coming out with them Of a way to see the liquidity on certain sizes. You can put whatever you want in there, right? Like if I put let's let's just let's just do this real quick So if I put Do I have to unsubscribe to do this? I don't really want to know I hate doing this because I don't want to jam up this. Uh, I don't want it to I don't want this to free and here we go. That's exactly what I thought was going to happen How this is going to shut down my book map and I'm going to seriously break something you've got to be kidding me So I got that and I got that I keep getting critical. I should I knew I shouldn't have done that This is where I get that's great So I'm going to actually screenshot this so I can send it to the developers Because that's not good if you're on webinar and your book map shuts down It's All right, so it looks like Oh my gosh As this is my life right here. By the way, this is why I'm crazy There you go. There's the old shutdown got to be kidding me All right, let's bring it back up the old crash I knew right when I was starting to do that. I'm like, don't do that. Don't do that. That's gonna So I got a lot. I got a lot of stuff on here too white This is nuts Sam you might want to Ask Vadim to hop on my computer This doesn't start up correctly like Yeah Apologies for that. It's it's worth noting. Trader map pro is it's kind of it's just a new A new feature. So yeah, perhaps it's definitely new I didn't really try to do is change the quantities. All right, so let's see what happens here. That's It's not good See the problem here is When you when you restart your book map, it doesn't populate all the si events, right? It's just too much memory for book map, right? You could it's millions and millions and millions of bits of data or whatever So I don't know. I mean I put in this last zone I don't know if something fired off I heard something but I It's not good That's not good. Let's see where this zone was and I'll try to Redraw it. I don't know if something's coming into the meantime You guys know, let me know 08 to 23 That's where I cut off What it was either was it sell ice? Yeah, let's sell ice wherever I had there and then 23 Basically up here All right, so I'm hoping nothing else came in Let's see. This definitely looks like it's an ATR below. So now we go to the position trading chart 7650 would qualify. This is a bearish setup. So if this market touches 7650, which it did Now what I'm waiting for is So that's the ATR Retest it fails. I'm going short I know this is up here and doesn't mean it's going there right now and it's kind of dissipated as well. So You know, this is not my end. I'll be all looking at the liquidity. I have an idea where it's at This is this is the end. I'll be out. What is it on barring something else? It's something else came in. I have no idea I'm trading off of this iceberg zone And this thing is Still on this zone. It's accepting in the zone, but it's not pushing through Okay I can tell you if this fails like I said Watch out below bugs The thing is like trading is not hard enough and then I got to deal with this Ridiculousness. All right, so This is what I was wary of On that first short before the number, you know, you got blue lug right here So I have to decide, you know, this is another decision point where because I do not like making a habit of Selling into the blue lug, but this will be the third or fourth test of this lug You can see delta has been going down all day. Again. This is not red like green light It's just something to know this is for the for the playbook, which will hopefully go over But it's just interesting to note that they are selling this thing and you can see Look where this delta was here versus when it came back here to the yellow lug That is a delta divergence. Somebody is laying into this this market Doesn't mean it's going down right now. This is where you can get smoked Doesn't mean oh, yeah, there's I'm gonna get short and then I'm gonna do this And there'll still be a delta divergence and it's 150 points in your face That's why you use this in important areas just like you use the footprint Speaking of which, let's take a peek This soybeans. Oh, I lost my zone in soybeans too. That's awesome All right, it looks like I'm not trading that set up either. I'm sure that's going to be a whopper winner Sorry, don't I go down these pessimistic because I'm human, right? I've been trading 25 years. I still go down these rabbit holes I can usually pull myself out, but it's like You know, then I have these things happen and then all all my zones like that I'll figure it out later and they're all our winners, right? It just it gets to me and I've got to This isn't one of the important aspects of trading you've got to You've got to be able to monitor yourself and catch yourself when you get into the Go start going down the rabbit hole because it can spiral and all of a sudden then you're just like on tilt Take it from me. We went over the $800,000 losses last week two days two Fridays in a row or a month apart Um It can happen quickly. So Yes, I bitch a lot and I've done the oh always me trader many times But I do I'm able to get out of it most times, right? Times I don't it's not pretty. All right, so Footprint here is interesting So guys, this is just like looking at relative. I am we'll look at that too But this is just you know, this is what I pay attention on the footprint Yeah, I want to see other buyers and stuff like that But this is the important stuff like you're seeing 1900 5000 1300 10,400 This is a 10 tick reversal or a 40 tick reversal Chart Open charts that means every every 10 points that'll draw that reverses it'll draw a new bar, right? This is subjective you can you're depending on how what what kind of bars you're using these will look different, right? But I just want to know Bottom line is hey is there a lot of investment in this area and this is decent investment You had 10,000 contracts here. These buyers are not feeling very good right now Then you add another 7,000 here sellers You had another 6,000 years and they're net sellers, right? But it doesn't mean yeah, I pay attention to that, but it's not They haven't won yet, right what I pay attention to there's a lot of volume in here, right? It's just like looking at relative volume and or are more focused volume events Right So I just know that there's a lot of there's a lot of trade in this area Why do I want to know that because I'm looking for a bigger move from my position traders? I'm looking for the extended move well when you get a lot of concentrated volume in an area What do you think that is those are traders placing bets? What do you think's going to happen when it moves out of that area? That's what you take advantage of that's what I take advantage of I want to see what he has to do this every time I'll be on the footprint chart Just want to see what kind of volume is rolling through. Yes, there has not been one set up in yesterday by the way mess I set up I don't know why this The products like don't populate for like 10 seconds. It's really really annoying like using this chart So usually if you're seeing 25,000 or more that's significant on it. No, this one this bar is a Tentic reversal so two and a half points I'm not this is not impressive for me, right? Like it's like I wouldn't even really pay attention to this yet 18,000 Yeah, these two bars alone are 36,000. That's decent, right? That's important to know I don't care whether they're buying or selling This is investment in this area whoever's long in here is like, um, yeah So this would be kind of like one of those like we do draw the zones, right? So I'm not going to trade that but just keep that in mind. There is about close to 40,000 contracts in this area Someone's going to be right. Someone's going to be wrong. Whoever's wrong Pukes them out, right? And you can see now it's What this is to me is breath-holding, right? The guys that Place their bets in here, especially the longs are like, okay. I fired my bullets Please don't go down any further if it goes down any further then you start to see your stop runs Very basic very simple way to view the markets. It's the best way to view the markets because that's what's going on All my setups everything I do is based on my experience As a large trader and how I used to react when I was invested Two three thousand contracts in an area how I would hold my breath how I would pray to god it would come back And so on and so forth. That's why this is not hypothetical stuff guys. This is how how Money reacts to these areas, right? Or even retail whatever You look for the investment in the areas now. We're just looking for a volume event. There could have been one before it crashed Hoping there's not but there is put it in the chat. So I know All right, so for this setup, I'm just waiting for a retest failure and I'll go short. Well I will go short I need I'm not going short aggressively in this in this zone though. So that's another way What we talk about every every webinar as well There's two ways of entering these volume events, right? You can either if you love the area the minute this gets a ATR plus 10 out of the area You can go I will go short. I put my stop an atr plus 10 above the volume event Again, you can't see the volume event because I crashed but you saw it earlier Then the conservative way is a much higher percentage trade is waiting for a full atr Waiting for the retest of the zone waiting for a failure again and then getting 110 percent of an atr much higher percentage of trade problem is You risk it not retesting and Selling off and you don't have any part of the trade. What is a good example of that? This dad-ass setup So this dad-ass setup this playbook. Sorry dumb and dumber. So it's a stop run with aggressive opposite delta, right? So He's already individual. I think I have seven of them already in here. There was another couple yesterday Actually, there was a first losers that think it Was he a certain that cure one of the are both Um, you guys nothing is going to be a success doesn't mean it's 100 percent The odds are in your favor you think about trading in the appropriate manner if I'm fundamental true So that's these you can do everything you need to do over a series of trades like a casino You can own the game and be a consistent winner doesn't could see it's going to break here I have a volume setup that's a that's bearish now But I want to make I want to see this this this on that volume setup for me to go short I would not consider this an aggressive area. Yes Many times when markets move in new especially if it's a straight line move Absolutely, you want to be aggressive this one's kind of accepting here. I already know this is a fail breakdown I don't love this zone for an aggressive short Still go short, but I need to be more conservative with this setup Then I'll go short, right? This did not officially retest so I need to see 10 percent of an atr So the atr right now is 32 so I need 30 so say 33 So I need to see within three points of the bottom of this zone for it to be considered an official retest That did not get within three points it got within five points So this needs to get up to 05 for it to be an official retest for my strategy Doesn't mean it's going to no Most likely it will and then what will I do that? I will be sitting here and I'll be waiting for it to fail again and then I'm going to go short But in the meantime, I don't do anything So while we watch pay try and consider I can't show you any other markers because I just lost all my information Any questions, Sam? Yeah First of all apologies. I think we're having some connection issues I think youtube keeps disconnecting, but we're back now. I believe let me know in the chat if you can hear us all Okay Yeah, I think we started now I was going to ask you about page advice for impatient traders basically Oh, I lost you Yeah, I think I'm having some connection issues. Can you hear me now? Hello? Hello, and I'm not going to catch it short either. So this has been a grand day so far You there sam Yeah, I'm I'm here. Uh, I think discord is okay. The guys in discord should be able to um To hear you but youtube is having some problems. So it's probably my end. Okay Uh guys in youtube, okay, so So I was just going to say guys in youtube if you want to jump into discord you'll get a better view All right, so obviously this straight and that was my choice, right? I was waiting for a retest. I got close That was not my rules didn't get short. This is what I'm talking about if you love an area You want to get in aggressively on 110 percent of an atr outside of the zone It still could retest but it's more likely especially nascent the last couple days We're going to get a new setup and then I'll get short there. But this is telling me A lot going on here now. It's getting interesting, right? So let's I want to see what So first and foremost this zone held again It's moving out of this zone. What did I say if this market got back Below So I'm letting him know and it's here right now Watch Out zero today. Just kidding. But it's probably gonna get ugly, right? So there's really nothing here I didn't even draw a zone. I get someone in my room I hope I'm not talking to myself by the way, can you hear me sam? Yeah, I like I'm talking. I think yeah, I think we're good talking to myself enough I really need to be doing it right now Anyway, there was really nothing here to draw a zone off of right So I use the four important areas of charting. There was nothing here structure wise. No vibe. I'm no no selling tail This was not directional conviction. This was like more of a grind I want to feel comfortable when that you know if that market comes there. I'm ready to buy that thing I'm not ready to buy this thing. This thing comes back We're coming down here minimum. I'm not saying it's all today But this is telling you something right now learning from these webinars If you're trying to catch every move and you don't have a specific I'd like to tell the story. I'm always telling stories in my training for them There was a guy there. I swear this exactly how I used to trade It's right when I first started When I first started everyone had to share Most everyone in the firm had to share an office unless you became a big trader I wasn't then eventually I was a big trader. I have my office. I first started. I had a had a roommate This guy I am not kidding you he would get up He'd go he'd like trade at the open he'd get up and go to the game I just want to you know gamble if you want to gamble just pull up a horse race I think Gulfstream starting here in about an hour that's that's where you can if you need that fix the gambling That you need action. That's some horse racing, right? If you're looking to make a living you need to find specific scenarios where you're waiting like a sniper to make your trades So what i'm trying to instill in my trade room Is how important it doesn't have to be this playbook, but you need to come up with something like this, right? So this is the playbook where I am looking for This specific thing a dumb and dumber meaning a stop run A buy stop or sell stop run that fails immediately meaning it's not that's the dumb money puking, right? What else has to occur? I need to see a delta divergence. What else has to occur? I need to see this occur at Vweb extreme standard deviation. So you've got Let's just look at a current chart because that's kind of convoluted This is all basic stuff, but some people don't know it like right now if I got Let's see. Well, there's not a delta divergence here. Delta is actually moving at the market But say this market right now just ripped on some news or whatever and I got a stop run These are extreme standard deviations of dvweb. Why are they important because these algos love playing reversion of the mean They love to snap it back to vweb or algohuy. This is another thing we use in my room By the way, this thing's turning bearish too Right, so this is another Thing that these algos play off of they revert back to so this is the a snap called an exponential moving average ribbon Google it you can learn how to do it yourself. These are the longer term ribbons These are the shorter term ribbons where you got these algos that play the crosses when it crosses And you got these algos that snap it back to the longer term and then you got algos that play Snaps and then continue it on right? This is important to keep an eye on too. But the point is You have all these mean reversion algos or when the market gets to a certain area That these algos want to you want to be participating with the algos the best you can right so In that in that es instance So the extreme standard deviation quickly is here's vweb. This is one standard deviation of vweb. It's all this This is one and a half. This is two. I don't have I could draw these I just don't have them on here two and a half three three and a half four You rarely get that far but you do sometimes The point is when you get start getting extreme standard deviation the algos will snap it back. Well This playbook is designed for that exact occurrence with a volume sign and that's the playbook So you're looking for distinct things in an important area to put the trade on and on this trade I do not wait for the retest We're just talking about when you want to be aggressive versus conservative This one you need to get in as soon as it breaks an at or out of there and we have another entry too That's even ultra aggressive, but I don't want to confuse people you get in right away and you catch a 40-point move So, you know, these are like four or five different markets the same exact thing This is what you do. So you can imagine having one playbook. This is another reason why you want to be looking Watching multiple markets. So you should start out with one playbook that you scan five markets Wait just waiting for that one thing and I know people are like, I don't have the bandwidth to watch five markets You absolutely do if you're looking for one thing Absolutely. Well, that's boring. Well, do you want to be bored or do you want to do this for a living first and foremost? But you can imagine if you build Three to five solid playbooks over five to ten markets You will not be bored. You will have something going on almost all the time But you have something specific you're looking for. So you're just scanning scanning scanning. There's my playbook There's my trade. I have my rules. I'm in I'm out. This is where I'm in this is where I'm out That's why we use the you know the spreadsheet as well And then you put the trade on you know, you have the edge because you're seeing that's how you develop the playbook you've seen it work many many times before And then that you put the trade on and it's either wins or it loses and then you're on to the next trade But you know over a series of trades There's a random distribution between wins and losses for any given set of variables that define an edge An edge is nothing more than indication of a higher probability of one thing happening over another Right. So your edge is that that playbook is it going to work every time? Hopefully but The chance is zero The point is it's going to work more often than not over a large sample size Not I mean that one right there the first seven scenarios I put out there I was training to trade stocks. I told you guys this a few times When I first got back in the business 2017 ish or 18 Feels like 20 years ago now, but um the data set up and crude And I you know, I didn't trade it because I missed it, but Point is your scanning market's looking for that exact setup. So let's Enough chirping first. Let's see if we can actually put on a trade I wouldn't remember as long as this doesn't go in atr above the zone. Let's put the zone prices in here At least the setups are dissipating. We're not getting one every five seconds 11 9 37 50 is the top of the zone Time of the zone What is the atr away from the zone to determine if it's a bullish or bearish zone? That's what these prices are on here. It's for the strength. So below it needs to go to 72 75 above It would need to go to 75 below 9 37 50 Yeah, 23 50 Yeah, so I guess 88 80 out in the downside is one atr 72 on the upside is one atr. Yeah, because it's 35. That's right So I don't know what this is and how I'm going to trade it I do know I'm going to trade it aggressively on the downside But if this holds that's bullish is this is why this is so important, right? I think we're going down But if this turns into a bullish setup, you shouldn't be seeing bullish setups if this market's going to break, right? So This is moment Next as you see, you know where we're going. That's all we ever talk about. It's not that far away But the issue here is let's see the one issue is shorting this aggressively. I keep forgetting about the lug I think I'm hoping I think we're right on the lug right now again Okay. Now we got new lugs. I'm fine. This is why I was hesitant in shorting this Before I remember when that setup before it crashed. I was scared. Well, now we got new lugs now It's straight down to there would be my call All right, so that's that If I can get this dam drawer off, okay now If I'm going to short aggressively remember the one atr is 88 25 If it gets down, I go 110 of an atr for my entry. So that's 84 75 This tells me I can basically put on a one guy right based on my risk. So this risk I have to based on the current volatility For the way I trade I have to risk 91 points on this trade and I can just hear the people what the hell I have 91 points I like to risk 10 points when I put on a nasdaq trade I am adjusting to the volatility. So I don't get algode out 90 of the trade 85 90 percent is our algos I am forcing this market if I enter this short down here I'm forcing this market to come back get through the volume event and push more than an atr to stamp me out Why am I really no risk? Um 90 points 97 points because the volatility is telling me if this starts moving One just with the volatility. I know this trade could be at least 100 200 300 point trade Then I know by this stuff It's going to be 100 200 300 point trade because of what is happening I think we can minimal get down to these area. I think we get down here today if this starts rolling I don't think I think this was nonsense yesterday if you read spot gamma We can take a peek at it. He said it was a lot of zero data exploration Nonsense where they just push the market around. I'll talk about that in a little bit It's the best best manipulation you can do for these for these big houses Load up the dealer's options dealer. So they have to hedge themselves But anyway, this thing is going to read if this gets motoring down It's going to retake this whole thing and we're probably coming down to these zones. So what's that? 11 500 where are we at? So that's 400 400 points away 300 points away Not 400 points away. So that's a four to one trade. I think that way down there granted And I tell you guys this too all the time, you know for this trade If I'm trading the big, you know, just the regular nasa I can only put on one. Well I don't want to be all or nothing, right? So if I think this can move 400 points Well, I'm not going to just ignore if I only have one on what do I get what happens when it gets just down To the blue love. Well, I want to get out of some potentially If especially if it starts to bounce if I have one on it's all or nothing trade micros If there's nothing bad about trading micros, it's actually favorable I just I don't have it on this on this book mat But trade 11 micros and get out of four of the blue love and then try to hold on a part A portion to those lower zones 400 points away, you know, as long as you don't see an opposing volume setup You see what I'm saying? So For this one, I'll put on I'm going to put on two I'm going to, you know, it is a little bit above one. I'm rounding up. I'm actually risking more but I So this is where you could trade bigger too when we talk about if it's an a plus setup This isn't really an a plus setup in my mind based on what I'm seeing I think if this thing does break below the zone This thing is going to get smoked. So And it held this zone with two minor selling tails as well. These are current instant rejection instant rejection Volume setup bearish. Bye. Bye. So I will put on two and that'll allow me to get out of one at the lug and try to hold one Here's your new volume of that you draw your volume up and you trail your stop It was an ATR plus 10 percent below that zone Now you move it up an ATR plus 10 percent below that zone and then you can cut and you can add to the trade And I missed it all because book mat crashed f For book mat today. Sorry. Sorry, Sam. You get enough even though you have nothing to do with it. All right, so Back to this trade. I'm going to get in aggressively and I'm going to put on two Well, let's just keep an eye you want to keep an eye on your ATR up until you get filled, right because This makes a difference on right Short 85 quarter. I'm going to put on two. I'm going to round up because I like this short if this gets motoring down All right, so that price is 85 25 And of course can be right into that liquidity, but that's okay Because you know, that's getting filled. I just wish there was more below. Let's look at the trader map I don't want to touch anything on trader map I'm just such an idiot. I knew that was going to happen if I did that Because it's happened before and again, I'm like a monkey that keeps sticking his finger in the electrical socket thinking this time It won't hurt I was hoping it didn't happen and I even said as I did it This is probably not a smart move. Did I lose all my trader map pro? Yeah, I lot I don't even have them on here that crashed. So I'll have to I'm gonna Contact the developers more done here and find out what's going on So I don't I just wanted to see if there was more liquidity on that view below just gives me more confidence Right, but you can see there's there's nothing up here. So I think this market's gonna get smoked. Oh, we forgot tick strike today, too Let's get a little a little waterboarding going on This is actually really good to be using and guys go to my well everything I'm using on here Including book map. There's discounts on my website to all this stuff everything that I use Including the apex trader funding. So on and so forth I'll show you some new webinar, but there's always their traders All these all these banners that's book map discounts apex discounts Uh, I think it's scott or pescini 50 if you click on it, it'll show you that you guys want to be using this I don't I'm not gonna try not to go down in this rant use that for your Discount there spot gamma spot gamma hero There's not really a discount for this but you get an extra week of the to try and here's tick strike and then traders think You get discounts for that as well. This has been on the fritz lately I don't even get my trades in here because it hasn't been downloading correctly But it is an awesome software when they get this thing set up They claim they're moving to a new server or so on and so forth. So Anyway, there's all discounts to all that stuff I was gonna say something else and I can't remember now Oh, I just wanted to watch this So what I have on tick strike here is just these are all the the fang stocks the highest weighted Stocks and the ES and then Q. Well, it's very important to see You know, this this could be another part of your playbook where you don't take trades So you say you could say, okay, I want to be aggressive like scott But I'm not going to be aggressive unless I see these things getting smushed as it comes down here Right because these are the drivers. These are what drive the indices that drive the futures Right. So these are really really really important when you come to an area say you're looking to Short the prior zone up here that I that I lost Well, if we come up there and you hear nothing that's telling you something you can fade it, right? So again, there's whole other there's a lot of strategies you can use with this thing I call it waterboarding. I mean, it's very important. I've used this thing for probably 14 years I think it is very important at least I originally used it just to find out what's going on another You have this look too but find out what's happening and I like Nanji just fired off So I'd be like, oh wait, I just think sounds That's how I originally used it and now it's kind of evolved and now I'm using it, you know to watch these stocks You can you can have their here's the actual futures And they actually have internals too But I call it waterboarding because there is nothing worse than watching your position go against you and then listening to it as well You can put these internals on there too. Let's uh, let's give tech up there I've got like 45 screens. So it popped up somewhere It was hiding somewhere. So anyway This is really important information too. It's just I have to turn it off a lot of days It's just when I have a position going against me because it's it just wears me out But it's still very important Like right now you can see very hammer natural gas Hasn't been a setup in there since I crashed but Hey, you can look me what's below there. I wonder where we're going. Is it like this is this is what it's So this one got filled So it first played its games the alga was picked up this size And then they ran it away ran away and then eventually takes it out This one out these this kind of liquidity. I don't pay attention to these are algas just messing around and this is the most algorithmic Algo ridden market out there But you can still catch some monster moves the setups work exactly the same But anyway, we're coming down here. Anyone might want to make a golf bet. We get this before we get up here I'm up for that Speaking of which I did lose that liquidity on that trigger because I lost the trigger map pro But I'm sure we can see it on crude who bet me on this by the way Remember the bet when we were down here. So the bet here is we go and tag all this liquidity Looked a little more essentially. This is still a ton up here Before we get back down here What's the bet Golf at tpc literally the the waste management opens come up. It costs like 650 dollars to play that course That is a complete joke Of course, it's not worth 650 bucks. All right. Any questions, Sam? I need to take a break from chirping Yeah, okay. Can you hear me? I'll start with that Yeah, I can hear you. Oh good. Yeah, just probably should have checked that out Make sure I wasn't talking myself there for No, we're having a few gremlins today Apologies again to the guys on I think it's just a youtube issue. I think discord is fine But youtube is lagging a little bit there There may be five minutes behind us now. So it is kind of a buffered, but they'll catch up with us shortly But yeah, we've got a question before you ask this question Oh, go on Yeah, I want before you ask so this is very close to disqualifying the short that I have resting in here So my rules are if the market can push an atr above that zone It's disqualified the short is qualified and what and I already know that price from my spreadsheet That's 72 quarter just as long as my atr is still Accurate that's exactly it's like it's right there. So this has to touch 72 if this if this touches 72 Say 72 72 quarter so this is able to push up to 72 quarter That short idea is done. I cancel the order and actually it would be a this would be a bullish setup, right? Why? Well, because these are my parameters Atr I will wait for a retest. I'd wait for fell and I go long I don't want to do that like yesterday. I didn't want to go. I think I think it was yesterday I didn't want to go long. Yes, but the setup told me you need to go long and I went long and I made Like 30 points on it or whatever So I guys I have these this all the time. I have opinions about everything I have opinion whether it's going to rain or not does I mean it I'm right? No I have my opinions are pretty solid because I've been what doing this for so long But I think this is going to happen. But then why am I seeing potentially a bullish setup? I have to adjust That's what why this is key to know this if you have this you're like, yeah, broke that zone. I am short, baby Yeah And you're like, well, what what's happening here? Why is this rally? Well, because this is now a broken I potentially a broken I set up it hasn't got an atr yet But if it does I'm going to play this to the long side So do you see the best trades are when you get your thesis matching up with your volume events? And then that's when you can be aggressive so on and so forth All right, what's the question? So, uh Quite a long question here. Does book map give insights on whether buying breakouts or fading Pullbacks in your strategy Are you okay with buying in strength and selling in weakness? Absolutely Yeah, I mean if I If I this market moves down 200 points and I get a better setup, I'll take it like I You can judge by the bubbles the size of the bubbles as well That's just these are delta bubbles. So if you right click on them, you can change the volume that settings. I have mine set for um Oh, we have volume delta But buy buy minus sell so the bigger the bigger the bubble the I'm having or selling is you can look at it this way You know for this you want to also keep an eye on Um If you have the footprint, you know, if not you can get this on seara chart other platforms have it You can keep an eye in certain areas to see if the volume is increasing if they're hammering it so on and so forth Again, I don't I pay attention to the selling like this for instance. This bar was 18 1700 sellers, right? And it's holding that area. This is a yes Um, but I just want to see I I'm more concerned with the kind of like how I look at the relative volume, right? When you see this relative volume spiking, that's those that's where you want to pay attention to Right like when you see this this is overnight or actually this was this is right after the number I take that back Right, that's what you want to pay attention to how the market reacts to that so you can see Yeah, they were buying it somebody was selling it because it wouldn't be this high volume if there wasn't It wasn't resting cell orders. So right when this happens, you can make this its own independent area I'd say it started right around there right It spiked a little bit below there, but you can see whoever bought this thought they had it and no dice came back Now it looks like that, right? So this is the same concept as I'm using in the What I'm using is just more focused of you know, this the shorter time frame type of volume You can trade these the same way. It's just bigger risk This is where you probably would want to use the hourly atr, right? This is a much bigger zone type of thing, right? So And this isn't a huge one, but it's 20 points. You could trade them the same way atr retest failure We look way for your hourly, but it's just a longer term trade. It's the same stuff guys. It's just Gaging the volume volume is the driver of markets. If you are not using volume in your trading You do not have all the information. I don't care How well you're doing you can do 10 times better if you understand what the volume is doing in the market What do you think pushes prices? It's volume. It's not price doesn't push price It's people participating with volume with their orders at the prices So you might want to understand how the volume is affecting these areas, right? All right, so this short's still alive. I did not get an atr above there came real close I don't even like when it goes it's that close, but I mean per my rules I need to I still have a potential short here and it's aggressive short. I just want to see something real quick footprint wise So did that answer that or was that you said it was a two-part question? I didn't Yeah, I absolutely was still in a weakness or but or by in the strength. Absolutely Yeah, I think that was that was a good answer But again, I use this for years when I started struggling trade and scalping Dr. Brett who was at my firm dr. Brett steamburger. That's on my website to his book I'm in the book He sat behind me for a year, right and he watched me go from making millions out and I couldn't make a dollar 360 to contract. I don't feel like dealing with gold right now And plus there's a stop whenever eight seconds in that market So anyway, he recommended I take a look at market delta and it was the footprint, right? And then I said, I'm like, you know, this is really good information It is information. It's good information in certain areas. You've just got to be careful you know like In the middle of nowhere if you see like 7000 come in Well traders will be like, oh 7,000 that's 1,500. I'm gonna short the break of that bar and my stock goes right above there It's great in theory. Trust me. That's not Going on in gold. Why is it trying to make me trade it? um, that's just it's just like using The cumulative delta the cbd and by the way, you can cbd in here as well I just I'll bring it up once in a while. Let's bring up nasdaq on book map It's just it's just too much for my brain. So I look at cbd on On the on this but it's just like using cbd. Yeah, it's important information But it doesn't mean it's happening right now. Like this is a delta divergent So I just shorted just because it's a delta diversion. No Now it's trying to suck me in see first of all, look at look at her bigger picture. By the way, here we go So this is actually I probably I'll probably trade this if this whole you know, this is an important zone This is basically a straight movement in the zone. What's the zone? We have this buying tails below here, but you had buy tail directional conviction We've got out of there as well and here we are again. It's not a huge zone But the reason I do this as well, I don't usually draw my high mind knows the balance areas But why is this important? This is a balance area What's the bouncer to side of trade guys place in bets and here's another balance area So this is at the bottom of this balance area Which should hold This is at the high volume node of this balance area. That's where that zone is So I can tell you This is actually the new plate the next playbook that's coming in my room. It's a breakdown of a High volume node. That's just the place in a balance area where the most trade occurred It's just in the area. It's right smack dab in the middle of it It's a breakdown of current balance through the high volume node of prior balance So this should hold if this is going to remain a bullish market, which it's been for weeks If this breaks this area right now and you have your volume setups in here We're coming minimum there and probably down here Right, but as of right now, this is still a viable trade onto the long side And it was just the stop runs which like we talk about is not real selling We'll look at this on a footprint too It's just retail and by the way, this market is the way if you're if you're you're a big gold trader you're on this webinar You're the worst trader on the planet. I cannot believe This market is nothing but stop runs. It's like at what point do these guys say uncle and say that's markets not for me It's they're just puking out non-stop in here. It's crazy. It's why I don't really pay attention to the stop runs So you did have 362 and then you had another 300 here We'll draw it to the most recent zone to make it I told you they had sucked me in and they did So yeah, this is a lot too. That went there basically down here Shall we get us out of here? So now you're just plugging your values in your spreadsheet Yes, only out of this you could do by hand too. I did by hand for years on these webinars This just makes it so much easier. You're not guessing ATR and what price that is and spend all your time on that 1918.4 on the top of the zone is Is It's a 32 ticks. That's a lot 32.8. That means this market's motoring Does that mean I want to use a spec 10 point 10 tick stop? No Because if you're using static stops, we talked I bitch about this every single every five minutes You're using the 10 tick stop in gold right now. You you are almost not a hundred percent likely to get stopped out Just on a randomness the ATR is 33 points every 33 ticks every five minutes What do you think a 10 tick stop is going to do nothing? You're going to get stopped out. Don't do it So that's that Here we go. So this I actually can be aggressive. Let's just take one Probably gonna miss this trade aggressively, but I just want to see where we're at first Likewise new loves trying to get back above the yellow and you can see what is it doing here This is the prior one. We're right back at that. I can actually merge these days That's a composite I'm actually So I I do want to see get back inside there, but That's today, right? It just bounced out of there. You have a mine event in an important zone This is a trade. I would take aggressively. Let's hopefully I didn't miss it. Let's see So I can I can get in at position trading. We go to the buy 76 I can put on That's not right What did I do wrong here? No, I could trade more than 0.3. I have a gold contract 1821.5 So what I'm doing, unless you know I'm gonna miss the trade I don't know why. Oh, you know why I think I put this in That's why it's 3.45 Exactly like you see it on so my room my trade room j. La Brata and another guy helped build this And it's it's set exactly to the atr for the Wilders. So now I could put on two at 53 T25.3 And I just missed it little pigs come back, please I hate I just hate chasing There's something in here. I can't tell you how much money this has cost me my life But I just won't chase the market. So if that comes back, I'll fill especially in this market That's where I should be in I just missed that because I was trying to figure out why the hell the thing was off But that's where I'll go along and I will short. I will stop out 110 percent of an atr below that zone Which is 1914.6. So my stop would go right in here That better come back or something's gonna get broken in my office That's that. Um, by the way, who who owes me around the gulf here as we head up to this liquidity you can either I'll let you just pay pal me and I'll go play by myself or you can come and join me Whatever you want, but whoever bet me mentally there You're gonna owe me that and you can see where this market's bouncing shock Shocker, I better get filled in that trade. That's all I gotta say Um, all right, still nothing we still haven't gotten atr out of here. So just this is nasdaq waiting there There hasn't been a single setup in es today. Actually, it was the I guess jr. Matt pro is working. What was I looking? It's the minds will look at it. I'm not gonna touch it. It's my es chart. Oh, here it is Any other questions, Sam? There's really nothing Yeah, I think we're more or less caught up filled on this. Yeah, you hear me Yeah, oh good. I'm paranoid now. Uh, yeah, we're pretty much caught up with the questions. Um, Maybe if anyone O's Scott the the round of gulf you can email him Happily send you his email me to say Email me and ask how much you owe. That's all you gotta do Yeah Seems seems fair enough Um, but yeah, that everyone's uh enjoying, um Be nato's loving your conviction and uh, yeah All right, I'm gonna chase this a couple you Guys, I mean, it's just amazing. It really is. This is where it feels personal, right? It's like Okay, I'll pay up. I put it up and then the market skips away seven ticks And you can do it Okay, I'll pay it up pigs Eat this market. All right, so my stop's already in so I'm long go So guess what like this is where you know understanding market if I lose on this trade It's gonna suck. I'm gonna lose money But guess what it's telling me and this is my new playbook that I'm gonna be releasing. Hopefully this week. This is the playbook Breakdown of balance out of the prior high vine out of balance. This market isn't gonna get killed Very likely. So even if I lose on this trade is telling me something is what I'm trying to get at Right, I'm gonna lose but it's like, okay. Now it's go time for the short side So that's that I can't believe I put on a gold trade and try to avoid that market as much as possible But that was just to get the pass up as far as the area Other than that, we are approaching your other guy. He's about to start. I just want to take a look at these markets See where we're at So this is just he has to just bounce around the yellow Bounce stuff extreme standard deviation of a web. So I mean now as I'm going to set it up in here But you just want to watch this. This is interesting. Like I said This is an important area at this market It should hold should That's here. This should get back out of here. This gets back inside this This this is already inside here, but if this gets inside this zero All today So I'm watching for that and again zone wise. This is what it looks like You can see this is kind of this fail that this zone This was this stuff over here. Sorry Then you had a little tiny tail. You had a bigger tail there. That's not bullish. It's the rejection And now here's a retest of this zone I would love for a short set up in here as well because I think this is nothing I think we'll come down here Think don't know. I think I'm I will let the volume if we even get a setup in here today I will let the volume tell me what to do With an edge doesn't mean it's going to be a hundred percent No, but I have a very strong edge of that occurring based on how it reacts to these mine events Like I've been saying for four years All right, unless there's any other questions, there's really nothing happening I mean, I I'll short this market aggressively if this gets to 72 Remember if you're using the spreadsheet or whatever you want to make keep an eye on this atr because that could change You know once it so it's 32 75 right now This was at 34, right? So this is going to change so watch this atr price So I had 72 quarter now atr is 32 75 Now the price is 70 quarter Right, it makes a difference because that will disqualify that already gets a semi quarter The thing is when it didn't get to 70 quarter But even if it got to 70 quarter the first time that was not the atr at the time So I would it's still valid if we're sure but now if this touches 70 quarter That short is canceled and it's actually a bullish setup and then I'll go along. Hey look what's up there It's down here and up here. This isn't actually that when you when you this is what you want to do to kind of scroll out This will tell you where the real liquidity is it is lower Right, that's fine. If this turns into a bullish setup, I'll go along and then I'll you know If a new setup comes in I could trail my stop and or You know and then my targets when I go along I have specific things and this is what I this is in the document as well So for me personally, these are the areas where I get out of some of my this is why you want to be trading multiple contracts I pay myself As the market makes money available to me, this is directly from trading in the zone to get the book or audio books awesome Ludwig levels Compositized loads or pocs vweb standard deviation spot gamma levels Struggling to get through heavy resting liquidity important predefined zones or the zones. I've been showing you the whole webinar Based on cannon structure Or same day prior SI events. So this is something I just put in I've always done it but I put it in officially So what does that mean? That means so say I get short as we get along this this up, right? Say this does The atr the retest the failure I get along. Well, I will watch this And if it struggles in this I'll get out of you know, say I got three on or two on or whatever say have two on Well, if it struggles, I'll get out of one here. Yeah, it's not great risk reward for what I'm risking on this particular trade But I'm not just that you can ignore a prior volume event that it struggles in right and then the other areas Here we go for the waterboarding The other areas that I will watch to say I was long These are the areas that I would watch to peace out the one so the one was the That prior vibe event, which is basically up here I would watch Market profile we set market profile highs lows point of controls I can't see the point of control right here, but I would be looking up here Aka and you can see what this is confronted with Mr. Red Ludd Right there that is a great place to short and or get out of longs That's extreme standard deviation of the web as well so you can see That comes up there and I get a short setup I'll go short and it's the more stuff you can put in the area the better the trade is you can trade bigger size I want to be risking more than You know two percent of your account size in any trade You could risk I mean on any regular trade But if it's an a plus setup and you're like I love this area you can risk four percent You just make sure you don't lose more than six percent on the day So you're basically saying this is two-thirds of my day right here. I'm taking a shot on I told you two that was another thing from smb They would literally ground their traders from trading the next day They put them on the simulator if they had an a plus setup and they didn't trade bigger size so Just want to keep an eye on that as well Doesn't mean it's going down right now, but the area I mean it's even better if it gets up here Then you have a diverging delta if I got a stop run say that's my dad's setup as well So And that's how I trade I've really seen it today the crash didn't really help but Again, I will actually have you saw trade. Let's see if I'm getting tortured here Nothing beats gold I'm in on that So quickly for this long where I would piece out I only have two on but Because it's the volatility that's telling me that's all I can trade for how much I have to risk Same type of thing I'll watch Why wouldn't get out here? This is it right now and this is kind of why it's struggling here It's trying to get back inside this guy That I'd watch obviously you got red lug confluent V-wap confluent prior yellow and baby Look that is a really good area to be guy out of one pickets up there Yeah, I'll watch it if it just blows right through there. I won't get out But if it struggles that's where you use your bubbles so on and so forth And if you start seeing big red bubbles at that at that area then you want to get out All right, so I got unless there's any other questions I'm already down a round of golf cheap round of golf here Well, you're getting some golf invites now, but other than that we're all caught up on the questions So, yeah, we'll call it there then a few gremlins today, unfortunately, but apologies scott The the trading map pro issues. I'll I'll make sure I port that to the devs We'll try and get that sorted for you. There might be some memory management settings we need to play with But thank you very valuable. I got a lot going on too. I have a ton of stuff on my I mean I have all this a bit of stuff like the I have the sweeps. That's not bad But I have the market poles and the footprint they don't have any of this available yet So and the footprints not ready to go anyway So I have a ton of stuff that's probably one of the reasons I crash I shouldn't I should have just not messed with the settings. I knew about her but Kind of my fault But they even tell me every time I complain if something doesn't work They're like how many products do you have up open? 18 well If you have 18 products with mbo running mbo data running through 18 products and then seven different Add-ons, you're probably gonna have some problems. I mean this computer is very very powerful But that's probably the reason but I'll still forward it to them to find out but it still suck that Sucks that happen. I mean, I don't think anything really happened But I just gonna show you a couple other examples of more potential trades on a self-proof, but It is what it is Just another educational webinar. There's really not much trading except for the crappy gold Yeah, there we go. We could do that when I was waiting to get filled though, right? Boy, I hate this market. I'm just scammers All right, I'm out. It's a it's a good demonstration on patience. I think today, right? Which I was not exactly Well, you didn't do anything irrational or you didn't lose yourself. You didn't you didn't revenge trade or anything like that So you kept your head relatively True Well, thank you. Thanks guys for watching and again. Thank you scott. Um, yeah, if you feel like you learned something Please hit the like button and helps us out and subscribe to our channel. So you don't miss the next one We've got several webinars happening every day Scott be back same time next thursday. Thank you. Thank you scott Sam appreciate it. See you guys next week