 All right, good morning traders and welcome to the live trading with scoppelsini futures trader and We do this every Thursday at 10 a.m. It's live trading from a professional We get and we get over their shoulder and see their ways of trading reading order flow and Optimizing entries and exits and their trade management. This is critical to understand So not just analysis, but understanding the trade management and also their psychology or outlook on the markets You guys know who Scott is if you don't There's he's got tremendous amount of trading experience Very lucky to have him here. He does offer mentoring services and education So I'll put this into the chat for you. You can reach out to him directly need to go through the disclosures So you understand what you're getting involved in and then we're gonna jump right in To the markets here. All right So 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 a substantial 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 be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. All right. So with that said, let's jump in here Let me get Scott's Screen up here. Hold on just a moment Okay, are you sharing Scott? Yes All right You guys should be able to see it. Excellent. Yeah, we're all set. Take it away Scott All right now much to take away now much going on right now The only thing that's really out of the ordinary is there's about four million buy-eyes coming into bonds So I've never seen this much ever so that could signify some kind of obviously big move in here And then trickle into the equities and that's not much going on. That's incredible Well bonds. Yeah, I mean absolutely. I don't usually trade bonds, but I will definitely be considering it today Again, what I tell my trade room all the time is You know, it doesn't matter the market volume is volume and that's what drives markets And you can be trading bonds soybeans. Yes, and you know, if you're only staring at one market You're doing yourself a disservice and you're probably not going to do very well overall because you're gonna You know force be forced to trade in Bad trade right if you're watching three to five markets I know some people don't have the bandwidth for a ton of markets At least three three to five and then if one market sucks you can move to the other one because there's always usually something going on in the other markets Especially the greens And then obviously today bonds and you can see this I mean this zone is huge, but you know this all started at the See if I got this right. Yeah started at the blue lug which I'll show you in a second But you can see I mean it's just Somebody is buying a crap load of bonds 500 there six eight 11 14 19 24 29 32 4,000 and this is one individual actor. That's one. That's one iceberg. It looks like no, I'm sorry. There's multiple Well, yeah, but you can still see I mean this a lot of it is one actor like you said down You can see that on that. That's the beauty of the icebergs on chart You can see is it multiple view blows at one house. So somebody knows something I can tell you that So that's the zone it's pretty wide When this first started coming in I put my order in 90% of an ATR I've changed that we'll go over that but 90% of an ATR above the zone I was gonna be aggressive getting in but the bind up binders kept coming in So I'm just gonna let this materialize and then once it's subsides we'll figure out how we're gonna trade it, but That's that's a lot. That's most I've ever seen So we just sort of rustle fire off here Some cellace here that's a ton here So it's like this is gonna be interesting and and it could be you know Showing you something going forward when you're watching this stuff, you know, you have bonds up and you start hearing You're in the thing go crazy and then all of a sudden you see Like I said trickle over to equities that could be a nice signal that something big is gonna happen, right? And this looks like it may think so threshold for Russell is 150. We're out draw the zones and trade them This is 400 that that's a lot for Russell. So we'll draw this zone. I'll make it black for cellace Beautiful correlation there too between bonds and and Russell Yeah, I'm just waiting for ES and NASDAQ next so we'll see All right, so quickly you can see bonds these are Ludwig levels talking about them every week now I use them conjunction with the real-time buy-in Obviously, I use my structure and move over some of these markets. So, you know, I look at the bigger picture stuff here As far as balance areas so so I'm so forth and then I drill down for the daily trading the little Ludwig levels Again, you can get him at low levels.com. She's got three-day trial. Just say you saw the book We have webinars show up special stuff for you, but as far as discounts and stuff, but These are really I mean you can see how powerful these are right and you know, I don't know our secret sauce It's obviously proprietary, but she's been around for like 11 or 12 years And she has many followers loyal followers and you can see why like whatever she's using it You know, it has I'm pretty sure has something to do with market profile volume profile pivot points You know, I don't again. I don't know the ingredients and she's not going to give them up obviously But all I know is they work and that's all you know. I like in it, you know, and this goes for a lot of a Lot of things in trading where you know, you see like me using ATR or relative volume And I don't I don't change things very often, right if it works it works, right? It's Use a Synology before you walk in a room and it's dark you turn on the light You don't need to know how the light works to know that it gives you light, right? So if something works, you don't really need to be questioning It's not that I you know, just throw things randomly on my chart because they look like they work I mean I watched this this indicator for eight nine months before I finally started utilizing because one of my students You know went from trading micros to make like 1.5 million dollars in three months Trading with these logs. We wouldn't shut up about them So I started watching them we call them logs because I don't like I don't feel like saying you love with Every two seconds so we call them logs in the room someone in my room named them and it's stuck But you know, we kept chirping about him and I started watching them and you know after many many months I'm like, okay These things work and they work really really well when you know, you know You see the real-time volume at certain areas and so on and so forth So they are obviously a big ingredient of my trading and you can see exactly why like this is Reds this is resistance to support got all that bias in here. It actually is coming in all here, but That's what I use so let's stop chirping and see if we can trade Russell So the other thing I use is market profile and you can see here. So this is yesterday's trade Didn't really do much You can see that there and then you can see these composites Composites are just days and merged that overlap the value area Overlap like this is a single day if you know, we get another one that overlaps the prior And then I'll merge them in the more days that you overlap the pop more powerful it as you can see This was a big one. We've already traded through this, but it's still relevant as you can see that was the point of control Yes of this of yesterday's trade, right? So this is still relevant so you can see we tried to bust out of here and then now we're back in here So the way these profiles work your Expectancy is if you accept into a profile is to go to the other side, right? So we tried yesterday That's why I had this split out Tried yesterday multiple times and it held out of there now. We're trying again, right? This is that we tried no chop tried to get out No tried tried and just literally closed right here and now again we tried today and now we're back inside it So and this was a prior one as well So this could get interesting here now. We have you know that you come up with a story or you paint a picture of what's going on And we can we'll look at the structure as well And then you wait for the real-time volume and confirm it. So just looking at this I know this thing tried again to get out that this looks bearish to me now if you get a volume set up That's bearish that just reinforces your your Theory of what's happening today, and then you then you look at your Levels for targets, which would be the bottom of that and then obviously the lugs So if we get rolling here baby lug, which is They're not as strong as obviously the blue and the red but they are important Especially if you have a position on if you have multiple contracts on you can get out of one at baby Lug, and then this is the ultimate Destination where I will get out of all of them But in the meantime on the way down there if this doesn't materialize to the downside If I get an opposing setup in book map meaning a bullish setup, I'll get out of everything right I don't just ignore setups the other way, and then I'll potentially go along the other way. So we'll see how this Transpires see here. So we are below the yellow lug I believe yes, so I take traits aggressively out of these zones below Above or below depending right? So if we're below the yellow lug, which is a directional lug I will take shorts aggressively if we're above I take longs aggressively right so we're below it so One I need to know the ATR five-minute ATR is 42.5 so 43 ticks right to the bottom of this zone is 44 And that what I what I was doing So it's just a work in progress because it just I keep getting stopped to the tick as you guys have seen in hundreds of webinars I do so it was 75% of an ATR meaning I don't I Don't wait for full ATR to get in I'll get in especially when I'm aggressive It was 75% of an ATR five-minute ATR and then I kept getting ticked and I went to 80 to 90 to 85 ticks Now I'm at 90 it's not that big of a difference But it has been helping a little bit where it'll come real close and then I won't get filled Which could save could save you big money just avoiding losses getting filled to the tech so It's 90% so 90% of 43 is 38.7. So 39 ticks. So I will enter this trade 39 ticks so We'll check our size make sure it's correct. So that's so five That's where I will get in that trade so Again ATR is or my entry is 39 ticks below if I get filled it's gonna be 39 ticks above this zone And then the zone is another looks like 12 ticks so that's what 78 so that's about 90 90 ticks of risk If I get filled on this trade, right? So then I want to make sure I have the correct size on and this is the most important I would talk about every single week and if you're not doing this you are going to blow your account eventually by trading too big for Your account It's 90 ticks so you can see here. This is part of my trailer. You can find them on the internet too. I believe but This is one of the perks of my trade from having this information you plug in your account value You should only be risking between one and a half and two percent of for your Your Account size per trade so it shows me I could put on $2,500 of risk with this trade if you're trading micros You just make this you can keep this the same so if you have a $12,000 account This is actually based on my auto trader. We'll go over that later But the this is the account value of my auto trader so I can put on $250 of risk and nothing changes Just because it's just 10% right so Micros for 10% of the value so come over here look at 90 ticks I can actually put on six So it's actually My size for buy in Q 151 contracts Here we go on Mania is trickling over Nasdaq It's not quite threshold, but you can see so I have this on reset mode where it resets Every minute right so I'll see spikes so if they you know you get this obviously isn't thresholds 131 But I mean you know and then if this comes in right after in the same area you can combine the two right? So you can see this was 131 There over left Corner and then this was another 80 so that's about 200 to 10 All in the same area, so I will draw this own trade off of it And then you want to see where it started to spike that was all the way up here All the way down to here and still coming in by the way, I may have to adjust this one, but that looks Accurate make it blue for by ice Boarding tickstrike here. So we get a position now. We get tortured both visually and audio All right, so that's step one step two is we want to know ATR 39 39.55 you can see it there. It's 39 and a half points plug that in That is 35.59 so 35 and three-quarter points would be 90% of an ATR So now take a look at our logs see if I'm gonna be aggressive on the longer short side here We are see we bounce off the blue log shockingly and we're failing to get through yellow Directionally yellow We're also failing to get inside this multi-day composite yesterday Struggled struggled finished outside once again looks just like Russell, right? Well Russell's accepting this one is accepting into that other one This one isn't failing to get back inside here. So that's bearish. We're below here So it looks like we're gonna get another run at the blue love So I will be aggressively short this 35 And three-quarter points below here. So just say 36 make it easy for a second. I don't make it So it would be so the bottom of the zone is 30 37 75 so that's 32 75 so 30 32 I'm sorry Oh, too O2 is my entry So I believe that's only too long. We will confirm that here in a second be getting short right in front of liquidity But that's okay so Basically 36 points is 90% so 36 to get in then I have to risk 36 ticks above this zone, right? And I know you know a lot of you're saying well that that's a ton of risk Well, I'm adjusting to the volatility right and you don't want to you know so many traders I just didn't matter in session the other day. It's like I just like to risk two points in the yes It's like we talk about this every single week It doesn't matter what you want to risk the market doesn't care what you want to lose the market cares a bike about these Monumentaries so you don't want your stop like you know if you say again in here You only want to risk 10 points in Aztec. Well, who cares what is 10 points in this grand scheme of things, right? You want to be risking Outside of this zone and if you say 10 points outside of here fine I go again I'll go 90% of an ATR and that's just for me trading so many of the thousands of these over the last three years That's the best way I've determined to trade this But if you think you can just get in and only risk 10 points this this 10 points This is just opening you up to Algo city, right? This is what Algos do They run these retail traders back and forth because they don't they don't want to risk that much because mainly because they're trading too Big for their account size that goes back to our position sizing reds spreadsheet, right? So the point is You got to place your stop outside of the volume event. That's what's important You not wanting to lose money is not important to the markets. Just remember that that's very very important, right? So anyway, if I could filled on this, that's 36 ticks below up on my stock 36 ticks above That's 72 ticks and then the size of this zone is Another 33 so that's a hundred hundred three ticks of risk and all you do is you just adjust your size again I know that sounds like a lot, but it's not a lot based on this volatility This thing can move 200 points and that's what I'm thinking is gonna happen here So so 102 points as you can see once we get into the 70 There are 85 points of risk that can only trade a one month, right? So and Q stops top cell and Q 152 contracts. I just got filled on that. I didn't want to get filled because it's a new event So I'm gonna scratch this for now so Make sure this was So you saw last week we got burned down a trade it wasn't quite 150 and I don't I usually Demand, you know 150 is threshold if the day if not a lot's going on that day. I Like to see 200 so the other thing too is where I should have been cautious on adding this You want to make sure right? So if I'm risking a hundred points on this trade Well, I get out automatically at the blue lug and then I wait to see if we draw new lugs, right? That's how powerful they are. Well, what it what is so say I got in right there I didn't scratch that straight again. Well, what is this to this? That's only 60 60 points So I'm gonna be risking 115 points to make 60. That's not a dead risk reward scenario, right? If we were up here You know, and I got short. Well, fine. That that's worth it even one-to-one You know using these and so on and so forth in the volume that's okay But I'm not risking 60 takes to make 100 so bottom line is I already scratched that trade because something new came in But I'm not gonna short this With only again because I know how powerful these lugs are. I'm not gonna short Where we can just bounce right off here this close to it So we'll just let this materialize and move to another market, but and what I do You know if this is truly bearish this will come down here And I'm sure we'll get another signal will make do lugs and then I can get in and play for the next right So I should have noticed that before I went through that whole thing But that's good for you guys to see about the risk and stuff. So I'm not entering that trade right now Basically scratched it. It doesn't mean we're not going down. I think we're going down there But it's just not worth the risk to me because I again if I put on the short I have to risk The way I trade with my with my system. I have to risk 36 points above this again Do I want to risk under and 15 points to make 60 you can but if you do that overall You're not gonna be a profitable trader Right you actually want the opposite you want to be finding trades where you're risking 60 to make a hundred and twenty two hundred three hundred All right Bigger picture stuff so you can see same thing yesterday That minutes stayed out of it most of the day Got back up tried to break out close right inside today Try to get it in the inside here and how are I here that is looking bearish to me So if I get a signal here, I'm definitely going to take a short right because you've got 30 plus points of Until the blue up so I'll definitely take a short in that situation ATR in here just to 6.75 so that's not crazy So just to keep that in mind so bigger picture stuff quickly This is what you want to do every morning before you start trading. You just want to know what the bigger picture Scenario as as far as structure right so this was yesterday's trade That came out looked like we're breaking down put in a huge buying tail That's bullish and that was also what also was bullish about this is a failed breakdown, right? It was bullish at the time and we did came up here. We did rally then we just kind of held here So what I told my room yesterday is This should hold and move to this back up to this stuff if this comes back through this high volume node and especially through this Big buying tail after the Fed minutes or trading Fed minutes this thing's in big trouble Right and then this coincides with the spot gamma stuff where we are in a negative gamma situation We're under 4500 which is like 4492 and the in the which is basically right here We'll look at it out in book map But below there is a negative gamma where you can see quick down moves and he said under 4500 It's basically going to be a move quick down move to the 4400 And that that will line up perfectly with if this fails and this gets to his tail We're coming down at least to that and then what you do is you find some structure You say okay, where's the next plate next place that this thing could stop? Worth while right and you can see it like if this gets motor and down now You have little balances here. You know like this one here This is this is a much but this if this fails we're coming to at least this and probably back down to this This was obviously a couple of week balance here So that's bigger picture stuff it doesn't mean we can't rally right even though I'm bearish Like right now short term. It's still holding where it should hold as far as structure So I will play I always will play both sides because I'm a day trader But you just need to know even when a market is bearish Here's a good example. So it means doesn't mean you can't have up moves But the up moves are usually snunted and the down moves are the large larger moves, right? So This is still a bearish market huge balance multi-week Try to break out fail breakout Try to come back and retake the high-vibing note of this built more balance huge directional conviction, right? So you see you can have up moves But they're usually short-lived and then you get the bigger move down So what you want to pay attention to here in soybeans is this area one? This is where this stopped and broke down from but most importantly directional conviction We'll look at some examples of directional conviction as well from yesterday and yes But we get back up to here You really want to pay attention because it's probably going to do that and if it doesn't do that That's just information and then we're going to do that, right? So this is a really really important area and it looks like reddit there Then you drill down to your your current stuff. This is a balance over the last couple days now. We're breaking out So this should hold this is short-term bullish and come up at least to this if this for some reason Which is very easily could I actually favor a failed breakout more than a move up, right? Because of this whole situation if this turns around and does this on dice iceberg cells you beat 512 contracts and then gets through this high-vibing node right where this directional conviction started this thing is coming down here All right, so this is what you keep in mind when you're trading and then you can say No, if you're a patient trader you say, you know what all I'm taking is shorts in this situation I'm not taking any longs or day traders, you know if this is and I obviously like I say a million times a day Real-time buying drives everything. So I mean if you see a bullish setup you can take it But just know where we are in the bigger picture. So All right, so bonds are still it's still in the zone You know if you really really really wanted to you could go long. So I tell you guys this every week, right? So back to the nazi example where I'm just gonna 115 ticks where you may say that's you know I don't I think this is a bullish market. I think bonds are bullish I'm gonna buy not that she would ignore the zone the zone's what what makes this whole thing tick, right? But you could say hey, we're coming back to the bottom of the zone I'm gonna get in right here and give this a shot and just risk an atr 90% of atr below here I'm not I don't have to wait for it to get all the way out of here I'm gonna give this a shot, right the better you get at understanding this stuff and you know I highly recommend you trade them conservatively like I'm trading in the beginning But as you get more advanced and understand them and understand how to Understand the bigger picture stuff. You could get in right here. Actually, we'll do that right now I don't like doing this on webinars You know, I do a little bit of my room going outside of my box of what I might my system But this is a good example Well, let's see if this holds where you could give us a shot and get long right here and just risk 90% of an atr below here. So an atr is 19 which is a lot for bonds So 19.39 17 0.45 so this trades in regular ticks. So you'd have to still have to risk 18 ticks I mean bonds is 31 25 of ticks. So that's still pretty decent risk Right and and this is a lot more risky because this has not So I get this all the time right there like, well, why do you use atr? I don't I'm not understanding the atr thing. Well, I use atr because You want to see when the market you don't know what setup this is yet, right? I have six distinct setups Is this going to be a Titanic setup meaning market runs into like a wall of ice and then runs the other way Or is this going to be all this buy ice is wrong and it goes that way. That's broken ice Well, you don't know what this is until it gets out of the zone, right? So the best way I've determined to decipher what this is Is if it can move a five minute atr out of the area So when I first made the course, I was using just standard ticks, right? So for nasdaq or ticks or points for nasdaq. I was using 10 points, right and gold and crude It was 10 ticks at the time for that volatility that was okay And they work fine, but once volatility picks up by using the atr you're dynamically Adjusting to volatility. You don't want to use it You know A strict 10 points 10 ticks if the volatility is crazy that day, you know, because Like yesterday after the Fed minutes is 10 points. Is that is that going to tell you anything in nasdaq? No, the volatility was crazy atr was like 60 points, right? So that's why I eventually evolved to using Well, that was natural gas. That's why I've eventually evolved to using atr So my point is yes, you could get long here in bond and risk just blow here You know, I again, I would go at least an 80 90% of an atr But you're it's still a very risky trade because we have not busted out of this zone yet, right? So we have not determined what this is by a full atr So hopefully that makes sense, but that's where that comes from using atr You're just adjusting to that the current volatility All right, let's uh Nothing going on in equity so far any questions so far on all that Bruce No, I think we're Pretty caught up. I know I can probably read the stuff, but it's just too hard to go back. No, no, no worries No worries. Um, no, uh, well, we've got two different chats going on in youtube and in discord So um, some of you guys are answering some of the questions in there. So so thank you Um, and uh, yeah, no, we're all caught up All right, so here's natural gas the number obviously came out. That's what that uh announcement was right there This is large by ice. So This is exactly what I'm talking about. There's nothing going on in equities How many guys are forcing trades right now getting whipsawed to death by the algos? When you can be moving over to other markets. Wow, look at this big ice in Natural gas. There's are going to be a big move here. I'm going to trade this today That's what I'm saying. You want to have at least three to five markets? I get asked all the time, well, what market should I watch? Well You want to have, you know Probably nasik in the s or at least one of those and then maybe like a crude or A gold. I don't really recommend crude or gold right now because of the because of the geopolitical stuff And it's just it's nonsensical like you have a great position on and something will come across the headlines And it just runs the other way huge. It's like it's I mean all these markets are geopolitical I understand that but those are really sensitive. So Uh, you know when market conditions are normal, I would say a crude or a gold You definitely want to be watching grains and the other one is this market right here. This respects these zones I mean, they all respect the zones, but I mean This one it kind of makes sense, right? So this is probably the most algo ridden market out there You can see this right look at this when you look at a market on book map and you see this stuff It looks like a Christmas tree. That means it's nothing but algos until the big money comes in So that's why these zones work. I'd say they work Probably one of the best as far as respecting them and then getting huge moves off of them Because when this big money comes in here, these algos get run over, right? And then that's when they turn off the algos So you can see it doesn't look like so much like a Christmas tree anymore. Does it? Well, someone's coming in here and there's some big bias here So it respects these zones even better because these algos get crushed The the big money or the algos worse nightmare, right? But when does the big money come in? 20% of the time or less That's what the algos make their money when nothing's going on. We talk about this every week, right? Looking at the relative volume Which we'll take a quick look right now in equities to see what it looks like It's not terrible. So again talk about this every week. This is on syria chart other platforms have it um I haven't thought it on thinkorswim, but this relative volume is showing you the exact time period of the day For and I have accepted the last 30 days. So it's not thinkorswims shows you it's a it's a simple Relative volume that's showing you just the past 60. So mine. This is just the default. It's based on the past 60 bars Right, so obviously the open so on and so forth is going to be elevated because it's basing it on overnight trade, right? This relative volume is showing you something different. It's showing the exact time period for the day For the last 30 days that that's very relevant to be watching So the point is when there is no big money coming through and you see this Red so less than 100 percent. That's when you get this type of trade, right? And then when you see this big that's when you get bigger moves So that's what i'm saying in this natural gas These algos and once this big money starts to come in they don't like that so much and they turn them off so on and so forth. So That being said, let's go through our process here So natural gas ATR is 46 ticks. That's pretty high. Um, and again because the number just came out So that's 46.7 So 90 percent of that is 42 ticks Okay, that's number one now. Let's let that art big picture stuff Well, the wind's in the structure It's in g so you can see here. We are above the olug now So I can enter my that set up aggressively if I'd like and then this is my target, right? Let's look at the market profile So this is a good example on how to do this. I get this all the time too. How do you come up with the composites? Well, here's your day here. This is yesterday's trade. This is 70 percent of the trade, right? This is the day before if 50 or more of this Value area overlaps the prior one then you merge it and you make a composite value area So let's merge this day and then we can get a better look At and now you can see this is bullish or could be Great, we're breaking out of this two-day value. So obviously somebody thinks value is higher Someone or multiple right? So you have your volume set up outside here above the olug I'm missing this trade as I'm chirping So I'm talking about this market and the thing is if you get a run on this thing you can make 200 ticks and a heart beat So I should have already been in this trade aggressively and then I just missed I always forget this market could just rip like this I was thinking I had time to show you guys that So 28 uh 42 puts me at 70. So I should have been in at 70 here By gc 291 contracts What happened to my Hold on. All right. I'm just hoping so, you know, we know this is algorithm Just understand if you trade this market, you're in for a ride, right? Even if it's meaning there's a very good chance This comes back and retest the zone. I mean, I'll get in at 70 because that's where I was supposed to be in right aggressively 90 percent of an atr out of the zone, but never chase natural gas because 95 percent of the time it will come back at least pull back a little bit. So I'm trying to get filled on that Aggressively so if I get filled then my stop's going to go I got to make sure the right side is on here too. That's going to go 42 ticks below this zone So two maybe too many here. So I will stop out This is at 74 34 32 All right, so that's my risk on this trade Again, I know that seems like a lot the volatility is demanding. That's what I risk Meaning and if this gets rolling, it's going to easily go That and probably more because you have your driver, which is the volume of that and this is large volume That's why we have thresholds, right? That's another thing we talk about don't get caught up on every spike on this thing make sure you know And that's where my course goes over. I've got like 24 markets and they're 23 markets It tells you the threshold to each one. So 300 is a lot for natural gas It's not a lot for for e-mini s and p, right? So you want to know what's substantial Don't be trading every blip on this si indicator Sub chart now. All right, so now I'm filled on that my stop's already there. So we'll see how that goes Let's see I'm filled on oh, I got filled a long time ago. I forgot I forgot to input this in sorry guys um See if I didn't put my stop and this is poor trading right here Don't don't do that at home 44 ticks now 39.6. So 40 ticks above this. No one puts me at 96 So I wouldn't have been stopped out Six just seems like too many for some guys. Iceberg sells eb 620 contracts net gas iceberg by ng 160 contract. All right, so that's a new setup now. I can either trail my stop or add I like to see over 200 in here. I mean 150 is adequate. Yeah, I'll draw that It's good enough So the worst-case scenario is now I can trail my stop, right? This is a new volume event. What do we say at r was 44 It's 48 now So this is when you can adjust your stops, right? So many people love to trail their stops So they don't you know, because I don't want to give their money back I don't trail my stops unless the atr is changing. So 43.2 is now the the atr So we'll say 43 ticks below here puts me at 17. So now I can move my stop up I'm confused with these zones. Hold on I do this all the time. That's why I make them different colors because I confuse them So this is the first zone that I just got long off of All right, so 40 579 contract. Here we go NQ stop cell NQ 154 contract. I'll just get this done and I'll come back. So now I can trail my stop to 17 So it's right in the middle of this prior zone, but this is a new event most recent That's what you default to and I can technically add to this trade too. So we'll come back here I can get these most people want to see the equities All right Russell's working See what's going on in here. So this is coming. This is agreeing with the thesis, right? We just talked about how this stuff looks Or potentially Bought to be bearish and this is already you can see here. We're already violating the sci-fi node From yesterday again, if we get through this this tail bye-bye. Bye-bye. Yes So let's see. This was 600 stops 342 ice you can see these sweeps in here that was part of the stop run Obviously my threshold remember you wanted to go with threshold. So you're not trading every blip All right, S&P it's 500 missing a trade here going to See I'm hoping we're still above the Yo log so I didn't miss this trade because I would have been in aggressively. Okay. We're right. Oh Maybe not. Yeah Not so much. I missed this trade So we're below the old log setup was below the old log. I should have been aggressively 90% of my ATR I mean, it's fine. I got Russell on it's not fine, but at least I have something short ATR 7.37 Any percent of that is 6.63. So I round up 6.75 So I should have been which I will put this in in case it does snap back here So seven points below here is 56 56 quarter I should have been right. Is that right? No 50 What I say six and three quarters Yeah 57 quarter so it's right here. So there you go short Got lucky a pop back for me. Maybe or I could be complaining that I I got in if I can stop down here. It's not my stop goes. I think I might have too many on here too I may have to lighten up Six and three quarter points above here. So seven points above here is 72 50 72 25 All right, so now So basically seven and seven is 14 the size of the zone is another That's pretty tight zone three. So 17. I think I could have four on 17 points of risk risk calculator This is the most important thing I say non-stop because Trying to drill it into your heads. If you're not you're trading too big for your con size. You're going to blow out So actually I got one one too many on I could put on three. Let's adjust that more as you use this short that short this We want to keep an eye on levels here and right Russell You want to know all this stuff we have to put on the trade, right? We had a way to get ways to go, right? Four it looks like there's some confluence here too. Meaning the stuff is lined up You can see look at the bottom of this profile composite on the left there It's pretty close to the blue line. So if we come down here I will watch this to get out of probably a couple of them and then remainder I'll get out of here Unless a volume sit new volume signal comes in and it's bullish. I'll get out of all of them Obviously, I was remember I said I was going to get short here But it just wasn't worth the risk and I'm short to other markets now. Anyways, it doesn't matter But you had more volume events here This is nasdaq You can see these are basically back-to-back. Let's say this is 105 153 We'll draw it, but again, I'm not trading until we get new lugs down here. We're too close to the blue Look at that here in a second. So this is You can see the stop run combined. It's basically combining these two and you can see it right here Not sure it's another benefit and on chart really really helps you draw your areas So march obviously was ridiculous with the headlines it's it's kind of Subtle down a little bit But you still get these ridiculous and then you get these ridiculous runs and then for some reason the fed The fed guys talk all day every day now It's ridiculous like today for instance And see here But Evan's speech fed masoch speech fed williams speech. This is every day We talk about it in my remote time. I just don't remember fed guys talking that often and it definitely has been affecting the market All right, so that's that Yes, he's he's chirping right now. So that's what's probably causing this This is pretty close to one to one I'm willing to put this short on with blue luck here. This is you know 10 11 points I was risking what 17 that's still not the best but you know, I'll put that one on I just was not going to put on nasdaq risking 100 points to make 60 like I said, but You can see where we're at I will short this if We can come down here make new lugs And then get another biome setup then I'll go short and I'll have three three I'm sure that'll work out great three different markets short equity markets because they never do ridiculous bungee chump the other way So shorty s short rustle So what do we say remember we said about where we got on? A big move may be coming here because of all this ice in bonds This one was 550. It's right in the same zone. So another so now you got cell ice coming It's probably just bi ice trying to get out of other positions now But just keep that in mind going forward. You can be have bonds up and if you start here in a huge size come I'm buying you guys. Okay. It's go time Inequity something's about to go down here. All right, because it usually trickles inequities any questions Bruce Just uh, I just want to watch it. I'm a crack Yep, just uh agreement here on the lots of feds speakers Yeah, I just don't remember. I mean I've been trading 23 years or whatever. I just don't remember It's literally every day like like yesterday. I didn't understand What's the point of the minutes they just talk every day like It's why is that some big event the fed minutes? Yeah, I got three or four every day Lately, yeah, it's a way to kind of break the news like without, you know, gently Yeah, kind of a little more gently kind of eke things out All right, so I'm going to put this in yi size third cell rt 150 to compress. All right, so this is perfect what you want, right? Here's a new volume event Now I can trail my stop that's over threshold and I can potentially add to this We just got to make sure the risk isn't kind of like the nasdaq, right Why I didn't put on that nasdaq short. This is still coming in. We'll draw this now, but we may have to It's done. All right, so now what what can I do? I trail my stop you see how far my stop is now here's a new volume event, right? You always default to the most recent 45 45.1 is the atr take 90 percent of 45.1 40.59 so 41 ticks out of here. I'm out of this trade So 47 98 so I'll look now look what I can do here Look how far I can drag this down That's huge As far as risk, right and if it pops back up there, I'm still going to make something Right what I say wait I said 98. That's not 98 Just can't supposed to make this a six So I basically just saved myself like 100 Over 100 ticks of risk because of the new volume event And I could potentially add to this trade now Because we're below the yellow lug. I can get in aggressively just as long as my risk isn't more than my potential profit Which I don't think it is 1979 There's the blue load It's wait. Yeah, I can add to this trade. So 41 ticks out of here Puts me at 79 89 89 88 So I can add to this trade at 88. That's how you do it When you get a new volume event, you always trail. So if this so what am I doing here? Granted, I'm not waiting for a full atr. That would be a bullish event But I don't need to see if this pot if this can't hold something's up And this is probably done going down for right now and I'm out of my trade Right, this should continue if this is a truly bearish market right now This should hold the sell. I should win and it should move lower if this pops up I don't want to have anything to do with this trade is on the short side for right now And then what I'll actually do if we do get the full atr And then we retest and fail and then I'll turn around and flip it into the long Right, I I know my you know my view is bearish, but I'm a day trader and it doesn't mean you can't You know catch counter trend moves, especially when the real time volume is telling you that right So again, I I do I want this to pop up here and get no I want this to die But am I going to ignore a setup that turns that turns is a bullish setup? No, I'm out Right, I don't sit there and wish if I'm trading off of them I don't ignore them when they come you know kind of being ice iceberg counter to my position All right, so that's a definite Some type of profit, which is always good. No We talk about this every single week that I trail my stop because I don't want to give back my Mortgage payment or did I trail my stop based on something that happened in the market? What does the market care about does the market care about your mortgage payment? Or does it care about real time volume in the market? That's a rhetorical question if you get it wrong, then you probably should up off the webinar All right, so this is retesting that zone So if you missed this trade initially you could potentially This comes back. This is a retest failure. You don't always get that and again. I don't wait for this This is the conservative entry. I don't wait for this when we're below the yellow luck Right, but if you don't have lugs and you say I want to be conservative, especially being short these markets That's understandable. Well, there's your retest. Here's your failure. You can get in at the same spot So that's that natural gas is Not holding that zone. So remember I adjusted my stop based on this new setup and now this setup's starting to fail All right, so I know this was bigger more size obviously, but this is threshold This was the newest event. So I don't ignore this Because I want this to go up right so If this comes down stops me out, then I'm going to wait for something new and get back in So this is what I'm talking about, right as you get better at this stuff You can say, you know what? I think this trumps this guy I'm gonna I'm just gonna put my key my stop just below this zone. I'm gonna give this a chance I'm not gonna get stopped right in the middle. That's fine. This once again. This is the science This is the art. This is how I trade it You can take different methods of what I do and adapt it to your own, right? This is long just remember If you've only watched a few of these you probably don't want to be screwing around with the system If you've watched 3,000 of them like I have or more Then you may say, you know what? I've seen this enough times natural gas huge volume This is a quarter of what this volume was right or whatever gray here. This is it. This is a quarter I'm going to hold on to this. I've seen this too many times fine Don't be changing stuff if you've only watched this two or three times. So that's what I'm telling you I Recommended anyway, maybe this is which I'm not too upset about because this market has been Silly lately for his whip sign. There you go 291 stops Again, you notice there was nothing going on and then all that bond stuff happened and then now everything's firing off everywhere So you may want to have bonds up even if you don't trade them you you could know and be ready if you start seeing 4,000 ice coming bonds. You're ready to roll on these on our markets. That's that you can look at lugs quickly So we're above the red and see if they'd form new ones New lugs, right? So I would not have gone long Into the red lug, right? We just like I wasn't going to go short on the blue one earlier In nasdaq But now we have new lugs now if we get a tr retest failure of that zone to the upside I'll go along And this was looking long and the long in the big picture too Talked about or it was looking short and then it totally redeemed itself It now looks long. Let's see what the uh, we'll go over that here in a second 24.9 is your five minute atr So meaning I need to see actually well, we're right at the okay. So here's another good example, right? So we built new lugs, but we haven't really has really Showing what what we're going to do, right? We're just boxing really you know lug when I get that I still need retest failure If we're above the lug and I get a set up I'll get in aggressively to the long side if we're below I get in aggressively to the short side If we're right on the lug and dancing around it. I demand retest failure retest failure All right, so this one meaning I need to see 25 ticks above here. That's the atr This was at 93 Three ish So that's 18 We did not get up to I use the last two digits obviously so we need to get This to be long set up up to 18 last two digits Down here retest failure 90 percent then I'll go on that has not happened yet And then the flip side because again, we're dancing around the yellow lug I need to see 25 ticks retest failure to go short So I don't know this is what I'm talking about you want to see an atr out of here to determine what this is You otherwise you don't know what this is. Is this a dumb and dumber one of my five one of my six setups Where this is if this is just a stop run is that real buying is that buying or is that just guys puking It's just guys puking. So a dumb and dumber is just the guys puke. No follow-through dies Stop and hold is when you do get the stop run and then it holds and then the big money continues to push an higher Right. We don't know what this is yet. That's what the point of using the atr waiting for that Still alive and uh Russel didn't get stopped there. This is still holding this zone. The thing that fired off is sway beans So one of my favorite products. You should definitely be watching grains This is from earlier that was You had two so you had this this I was getting a long gear But I was waiting for a retest failure because we were below the elbow. We'll look at that That was this was a lot Didn't just ran away from it. I missed that one and then this ran in a cell ice up here. You can see 256 That's this black zone This is the most recent so you could trade off of this zone It hasn't really it hasn't established itself atr out of here atr is 2.91 Did we get three points out of there? 41 quarter 44 nope So we haven't got three three points below here either. So we don't know what this setup is. Is it a Is it a titanic where the market runs into an iceberg cell ice or is it broken ice when it Goes right through it. We don't know yet. That's why we use atr Lugs See just dancing around the yellow So either way i'm gonna demand retest failure atr retest failure of the zone This is bullish Short-term anyway, we just looked at that long term. It's not definitely not long-term bullish, but short-term it is Many times when markets break out of Profile composites, they will retest it then go just kind of like the setups I'm gonna delete this so i'm gonna draw this because it's right in the same area You have to sell 46 billion dollars of three of my from anc for that Hold on it's threshold 186 See a stop run now. Is that real buying or is that guy's puking? This guy's puking All right, if this holds and moves higher then that that means there's real buying coming behind it That's a stop and hold No questions first It's a lot. We've been talking for a while Yeah, no, there's been some uh Chatter and youtube here, but uh nothing to uh No, no direct question questions. Um Yeah, same same in uh in discord Okay, so you guys see why I didn't want to short This is how powerful these things are. I didn't want to short this market so We got a new setup and it's still the same. So this was yesterday's trade. By the way, it is Condensed in we're right in the middle. And this is why it's kind of choppy not kind of Right at the point of control yesterday. So until we get out of this guy Again, this isn't a composite either. So it's not as strong as like this or this prior one You can see yesterday. Look how powerful these composites are and this is if you know these areas and you line them up with real-time volume Lugs, etc. Where else you're looking at? Hopefully it's not too much. Look at this. This was from it's like three or four days to 14 right around valentine's day Oh sweet here here Look where this stopped yesterday. It looks like to the tick, right? So it's like this is what i'm talking about when markets accept this was yesterday's trade, right? When my markets accept in composites The likelihood tendency is to get to the other side. This thing is exactly what this did yesterday bounced off there Try to get in try to get in try to get in failed outside try to get in fail outside This still looks bearish We'll see and this is literally breath holding area for longs Yeah, this looks just like the es fed minutes try to break down huge buying tail Built more balance sitting right here if this thing gets below this and this you're going to see how they move lower If it holds then we're probably going to come up to this stuff up here So basically the good night area is probably 14 1400 It's below there. You can say good night. Say good night to the equities Yeah, um, ict learning is uh, uh asking you about how you read the structure in book map I wish you just kind of structure. Yeah, just give a brief overview. Yeah Well, I don't I don't use book map for structure. I mean you can see you can see balance areas But I don't look I mean you I mean you can see where the trade's back and forth, right? So like this was uh, this is just like looking at a five minute chart, right? You can see that there That's a balance area Which was basically this So it's all fractal, right balance areas are from one minute to 60 minute to daily Obviously the longer term periods you go. So what just happened here on a five minute time period? Broke down directional conviction came back retested. What my volume node put in a selling tail instant rejection That looks like that Again, you got to take this stuff with a grain of salt because it's only five minutes, but it's still the same Same theory, right? It's the same. It's not a theory. It's what's happening. These are traders placing bets That's what a balance area is when one side is wrong. They have to puke out their positions You as the informed astute traders. You are with book map. You saw that puke right there That was the Look at that. It's it doesn't get more clear once you understand the stuff. It all makes sense. Don't make trading complicated These were traders placing bets the longs were wrong. Here's the longs puking out other positions That's the song Now we want to see was that just was that selling just the puke? Or is the big money going to come in and start hammering this thing so far It was just the puke But we gave ourselves enough room to let this develop if this gets back down here and you start seeing selling Bye-bye So when you understand the structure It just makes it so much Easier to understand what's happening. Don't confuse yourself with 400 lines in your chart All I use is vwap. This is standard deviation of vwap I'll show you in the other chart too. I use vwap. I use market profile blood wig levels real-time buying In reverse order of importance and then struck, you know, obviously structured Structures obviously, you know, number one, you want to know what's going on with Traders, but then you use a real-time buying to figure out who's right. Who's wrong. What's the big money doing? I'm telling I've tell you guys this every week my room every day. Basically you have an edge no other Like whatever percentage is not using book map They don't have all the information every week. I say this to you They just don't I don't care how great of a technical analysis. This is head and shoulders. This is blah, blah, blah This is the the 200 moving day cross over the 50. I don't care That stuff means nothing unless the real-time buying is agreeing is is agreeing with those areas So this is why this is the most important part that holds. I got stopped out of my rusell recovery. Yeah, I got stopped out whopping two ton of profit, but That's fine I didn't mean to do that I just took away half my profit on that error So anyway, the point is it you know, it is what it is. I shorted this thing. I shorted this thing This should have held it didn't I'm out of my trade. I wait for a new setup End of story Sucks. I'm still alive in uh, yes Wait for your next one All right, this is what's going on in gold It still hasn't gotten ATR out of here either way. I don't know what that setup is So nothing in crew today Yes, sure. No, it's not really 7.03 6 and a half points now is your So this is what I mean by adjusting your stops and I can go six and a half points out of here. It puts me at 72 It's only a quarter tick, but you know as that contracts you can trail your stop Six and a half ticks on that or six and a half points. I meant So See what happened in bonds very interesting how that turns out So that bias isn't uh, we're not doing too well, are they? So this is what I mean, right? Like I said, you could give this a shot and get long right here But you don't know what this is these whoever was buying here is not feeling real good And it doesn't matter either like you know, they could have been hedging blah blah blah blah In the area is what's important a lot of volume transacted here But once again traders place and bets who's right who's wrong right now Doesn't look real promising for whoever was buying that no matter what was going on there All right, so this is tick strike again all it is is a it's a audio and visual telling you The size of the orders coming in is an algorithm that shows you the size of the orders coming in and the speed Right, and it's it's from 1 1 to 15 So I set mine in 11 because I just want to see serious buying serious selling, right? So this is really good to watch To confirm moves, right? So say you come to an important area where you're Debating to get out, right? So maybe it's like baby love, right? And i'm sitting here So say we're liking rustle. We need to quick it down there. I'm sure we're gonna go there now that I got stopped out But that's what it is. So we came down here and I'm like, I think we can get to the blue Do I want to get out right at the at the baby lug? Well, then you're watching your tick strike and Actually, it's not a good example because the same stocks the weighting of the stocks are Not the same in rustle But just for an example just say that was he has right and you don't see any of these firing off on the sell side You should be getting out If you see all these getting hammered you can stay in the tray, right? These are what drive the indices that the futures are derived from so it behoove you to have this information When you're trading but that's so you see sell sell sell these are the highest weighted stocks in the s&p If you look at so you know this but That's there you go And look at that if you add all these up look at the weighting. This is s&p even more for nasdaq right seven 13 16 18 more than 18 20 22 so just these six stocks. Actually, this is just five stocks. It's like 22 percent Of the of the weighting you probably want to know what those things are doing if you have positions on right Speaking now that we're waiting for this thing to die. Hopefully So the auto-chair there's been some confusion not confusion, but people don't understand they're like so if you go to my website The official start day was February 1st, right? You go in here And you can see this P now down here right shows every day so This is based off a $12,000 account You can see right here right and I don't get a percentage of profits It's just a subscription fee right and I don't have to be licensed and the broker does everything I just send them orders Send not orders instructions on what to do like buy yes here Stop out here blah blah blah and then they fire them off on all the accounts But I know people coming to this website are like well, this is nothing man really 161 dollars 217 580 that is pretty pathetic, but whatever it's still not a losing day The point is you can't trade this is this is for you to understand for your account if you have a $12,000 account You should only be trading micros. So this is a micro. I'm trading micros on this account because Look if you have a bad day, so just okay pretend I was trading the normal size So it would be 10 times this right? So if you have a $12,000 account Right and I'm trading normal e-mini s and p. Well, this is On the good side. Yeah, that's a $1,600 a day. Well, what about when I have days like this, which happens to every trader, right? So this alone if you had so right when I started I had I mean this one was a winning day But just look at these two. This is over 500 $500 and losses. Well, if I'm trading regular size That's $5,000 and losses on a $12,000 account Do you want to trade in the outer trader and have me lose almost half of your capital in two days? Probably not Nor should you be doing this on your own when you're trading your account size is this size You have to be trading micros and these are good days, right? This is this is what you expect to make if I had a $120,000 account I'm trading $120,000 account for somebody which you could do if you want to put that in you could trade the regular But you could trade you could tell the brokerage. I want to trade regular size But I'm telling you if I go on a bad streak again, which happens to all traders like this You're going to be losing half or all of your account. This is a perfect example Why you want to be using your risk appropriately where you're going to blow out your account So hopefully that makes sense and then these values look tiny But they're not tiny based on the account sizing that I'm trading with I just want to clarify that because I get a lot of questions on that stuff. All right Hey, there's solid muscle though Had to run up there and but on the positive side I didn't get stopped out to the tech and that's just all the difference for me mentally I'm perfectly fine with having losing trade. This wasn't a losing trade, but I'm perfectly fine with the stop out I can't as you guys know, I cannot stand and it happens five times a day. That's why I moved it to 90% So at least it wasn't to the tech, but it does suck. I got filled and then it does that but it is what it is At least I have something on short Um, I got a question here. I don't quite understand uh, uh, Yavon Um, what the numbers on the dome mean where the price is executed. Um, I'm not sure what you're referring to So, uh, yeah, please uh Yeah, I mean, that's the the you know The liquidity on the ask and then liquidity on the bid there. These are resting orders. These guys are putting in orders And they're getting run over right now, but they're these are these are guys that want to buy all these different prices It's all it is. So there's two different types of orders I mean, there's more than two but there's either limit orders meaning resting in the order book like these or market Where you just literally go right to market Right So this is just showing you guys that are willing to buy passively. These are passive orders meaning they're just sitting in the order book They still want to sell them, but they're not aggressively hitting Selling passively if the market comes up, they're willing to sell at these prices They're not they're not chasing the market hitting the bids or buying offers And that that's what this that's what the bubbles are showing you right the bubbles show you The aggressive traders these are the passive traders That makes sense Yeah, I'm not sure if that's the the question, but um, uh, I didn't I'm sure someone out there didn't know that didn't quite understand what he was asking. Um Well, I'm clarifying them all Yeah, and bookmap is we are showing um, um volume profile As well, uh, if you open up a volume, uh column Uh, which you can right so there's many volume problems I'm gonna do that. No, that's okay. I mean, uh, I'll I'll put a video and a link in there for the volume column Alrighty, uh, let's see Just doing nothing. There won't be a big move out of that area though. I can bet you bet you that one And that gas is still alive still sitting here knock it stopped So this is when that gas does right if you get in a trade just be ready for this because of all to see the christmas tree That's how it goes Right and they rip it back rip it forward rip it back and then it eventually goes So I survived that it was right So if you were saying again, remember we said about the art you said well, I'm gonna wait for a retest of this Big zone. You got it. We're right there old is trying to get an ATR below here ATR 26.4 so 27 ticks below here the bottom of the zone was at 77 so 50 was an ATR talking about the last two digits. That's an ATR So now remember we were saying it built new lugs and we were hovering on the lug So I wait for ATR retest failure. This is good that they're eating these by the way for the yes We need these to join the soybean ice iceberg cells. Yes 153 contracts so retest failure. I will short gold soybeans, that's wheat. This is soybeans So more cell ice and basically the same zone is on another 170. I'm just gonna make this one bigger I know this is the most current you could make this a smaller zone just based on this but I'm gonna just keep it like it is because it's not that wide as it is It's only about three cents wide three four cents wide. So now I've incorporated the cell ice All these and then this as well 256 so that's all in this zone here. The yes is not dying So technically I should not even trading this time of day After 10 o'clock central I've shown you this many times on my P&L Which you guys should all be using again during my website you get discounts of this But if you see this time of day, I have enough to put in my trades from this week, but You look at the hourly issue this last week, right? When you know this information, you know I Should probably and the thing is I've known this for 20 plus years. We talked about this last week, right? Look at this P&L from this is This is actually showing nine, but it's This hasn't adjusted to that might the time change. This is basically 10 o'clock central to Noon central you can see pummeling Why because that's when it turns into this nonsense most times, right? So the only the exception I should be using and I didn't even look at this I should have looked at it is I don't trade at this time of day. I mean, it's different when I'm on these webinars, obviously, but I don't trade this time of day unless the volume is Substantial and you can see Not so much look at that Remember this is relative volume. This is this is showing you let past 30 days at this time period We're not even get to 100 for this time period. So what does that tell you does that? Does it look like we're going to sell off? No I mean as far it doesn't mean we won't sell off. My my point is Are you going to get an extended move if there's nothing going on? No, you're going to get elbow to death and that is what that P&L shows you because that's what usually happens at this time of day You can you can see it. So my P&L is like 37,000 over the last three months And I've given away 56,000 at the night in the 10 o'clock period 10 to 11 and then another 20. So you're talking to $80,000 more if I just left If I just why and I used to do this as when I was a big scalper because I same thing happened to me back then So unless you're seeing huge volume come in you would be very wise not to be trading at this time of day Because these elbows will rip you to pieces As you see right So we talked about the winning percentage too So my P&L would be triple what it is if I just didn't show you this time of day, right? And So this is trader's thinking literally it's the best thing out there. There's I've still I still haven't even tapped into What this can do We show this too. This is good and bad, right? It's it's not great Winning percentage of 45 percent, but it still shows you can be profitable With less than the 50% winning percentage, but how much higher would this I've got to figure out how to do this If I took out those trades from 10 to 12, I guarantee that's at least 55 60 percent So why trade in that time of day? There's just no reason for it, right? You know, again, it's easier said than done I know you're sitting here and you know Aid and it's just hard to just shut it down, but I'm telling you you get your You stick your finger in the electrical socket enough times that you're gonna finally say, you know what that kind of hurts I'm not going to do that anymore. There we go Now it's dago city Vine's terrible the algos know this right? They know just like me looking at it They know when the vine there's nothing going on. What did I say earlier? Paper the big money is the algos worst nightmare if the big money is not in there. This is what you're going to get Do you want to play in that? I don't I want that you're not going to get that if there's no big money coming in So I'm very likely to be stopped out of the straight I'll keep it on because we you know and follow my rules And I did put it on before the 10 o'clock period. So I really didn't violate my rules there But I'm I do not have high expectations when I see the vine Do this this is pathetic We're barely getting this last bar was 100% almost but other than that that's not me it says this is pathetic I've seen worse especially lately But I'm telling you unless you start seeing yellow which is over 200 you should not be trading from eight I'm sorry from this is my time so 10 to 12 essential No, go that's my advice. So so I tell my room every day That's why they're paying to be in that room to get my 20 plus years of experience good and bad You don't need to get your head ripped off for the next 10 years trading between 10 and 12 You just say hey, look at that. Well scott got killed. I can't even tell you how many millions of dollars I've given away at that time period. So do you want to go through that for yourself and learn the hard way? Or do you want to listen to me? That's what you have to decide Right, but why do you need to go through it yourself? I'm telling you it is the worst time of the day to trade and you're going to Most of the timing unless you trade ranges Which is very risky. I don't trade ranges like that, right? And then the other thing too, I have one terrible day of the week This is all stuff that you guys want to know for yourself, right? It doesn't mean per se you just don't trade on Mondays, but you say, you know what Mondays are usually a really bad day for me I'm going to trade half size or I'm going to trade quarter size or I'm going to trade on the simulator on Monday So it's fine and the rest of the week is fine, right? So this is all really this isn't coincidence once you get hundreds of trades in here Right, how many trades do I have in here? You know, it's not it's not coincidence 552 trades, right? That is a good sampling size, right? So when you get that information then you can start making adjustments This is the stuff you guys need to do if you want to do this for a living Following risk trading appropriate risk size for your account Knowing your tendencies knowing when the market sucks, right? And then following your rules with your system. That's what trading is All right Bruce, I'm going to add a guess. This is my mini rant Yeah, I know I don't have the ranting abilities like I used to after COVID I've definitely found a COVID in December Like even working out like if I try to run it's just I still not over it So my ranting abilities are not up to what they used to be either I used to go on for an hour ranting as I'm sure you remember And they build too like you kind of start off and it and yeah, they snowball into something else Yeah, yeah Yeah, no, no all all's well We're all caught up on questions and everything here. So Yeah, let's uh, we can wrap it up whenever whenever you're ready Scott Yeah, so again, this is not uh, this trade is it doesn't mean it won't it can't break But I'm telling you if it breaks you're gonna see the vine pick up If the vine doesn't pick up this thing is going nowhere You're gonna get whipsawed to death, right? So just keep that in mind Also, of course came that's the biggest diver right now and I got stopped out of that But it um, actually it's just got stopped out of natural gas. So But I limited the loss because I trailed my stop based on this new setup and it didn't work, right? So that's what it is. Oh, do we get oh, we got it. There it is five times a day Five times a day. Exactly That's what drives me crazy. I don't know if I touched you guys that All right, so So what is that Bruce? No, no, I yeah, it's uncanny it's I just literally every day like I even do mental rehearsals and I'll handle it and it's just like I just can't I just can't process it and this isn't you know a couple months. This is 20 plus years, right? So it's Gets old after like 40,000 times. All right. So waiting for a retest and gold. I will short this market um, again What you should be paying attention to is There you go So just see these can start getting hit and then the stop run came in has S&P stops top cell. Yes 1076 contracts. Wow. I can't believe you've ever seen this Bruce. I'm ready to get off and then All hell breaks loose. Yeah. Yeah All right quickly Here's that. So what can we do minimum trail the stop, right? 7.2 is the ATR. Let's do this quickly. So I don't miss this price 6.5 6 and a half points out of here. I will stop this so I can trail my stop now. It was 70 something now. This is 54 So I can move it to 60 half That's my so I just save myself, you know Where's my order? All points of risk And this is very likely to come back and stop me out after what we've just been talking about But that's fine and I'm gonna I'm gonna lose four points instead of 15 Let's see what the line looks like here Picking up a little bit, which is good It's not crazy Still don't recommend trading at this time of day unless you start seeing Two times more but that to get over a hundred percent. So maybe we can get some follow-through here. I doubt it. We'll see That was a nice puke though. That was that was the remainder of the guys holding their breath That's what that was Right, which is always fun to see because I always want this thing to die for some reason That was your balance. Here's your first puke Whoever was holding their breath came back. They're still holding. They're like, oh, no. Oh, no. Okay I got a puke. That's what guys if you think there's something different going on in these markets. That's what trading is That's what markets are. It's guys placing bets Big money placing bets. They're right or the wrong guys are wrong. You have to puke Well, we'll stand a couple more minutes now because something happens. See what happened in aztec Happens every time I go to get off these things something happens This was only 126. I know I read more but it's not showing Nothing doing in aztec and I know we're at blue log anyway, so I wouldn't be shorting that. Anyway, let's take a look here where we're at I like that. They're buying the vixx. That's a good thing. That's something different that hasn't been going on today And look we're headed. I'm about to get out of this actually Because I don't mess around at the blue log, right anywhere in here 40 48 and a half to 47. See if we're gonna swipe down there and I'm out. I don't mess around with the lugs, right Anywhere in this area, I will if I see blue meaning market buying I'm gonna hop out of here I know this is a new setup But guess what if this is valid This will move down we'll build new lugs and then I can play retest failure this zone to get back short I just don't I know how powerful the lugs are And I do not mess around as far as trying to hold it. No, this is pretty close Not a huge profit, but not bad So we weren't quite at the blue lug, but do I need to try to milk out another two points? To potentially especially again at this time of day to watch a single like that. No So It's fine. I'm fine with that trade. I thought for sure that was going to be a loser because of the time of day All right, so now What you want to watch this was still a thousand stops. This is still a valid setup If you want to trade at this time of day The volume is okay If you're using lug with lug width levels a k lugs what I'm going to do if I decide to trade this which I'm not supposed to but I may if the volume picks up We come down here. We build new lugs So if we build new lugs we retest that volume setup and then I'll go short But I'm not going short and I just got out of my short because of this because I've seen it too many times But our thesis was right as far as the profile And everything else right I could tell you what if this thing goes a little further Bye-bye it gets below this tail, which is only about five points lower You're going to see volume pick up. I can tell you that I'm really glad I got stuck to this rustle that that would have been a Real nice trade But that's trading to follow my rules. So the only time I get upset I I'm I'm fine with stop outs except to the tick and I'm fine with being wrong As long as I'm following my rules if I break my rules and it costs me money. That's when I get very upset with myself, right? You guys again every week same thing Markets are 80 to 90 percent Algos you need to trade like an algo you have to have your system your rules And you have to follow them if you don't you're not going to make it because the elbows will take all your money 100 percent All right, that's it. I'm out Hopefully you guys learned a little bit today Be careful until you know it starts to pick up again And that's all I got. Uh, yeah, I think we're all caught up here. Um Yep, yeah, so, uh, yeah, thanks scott and uh Good trading and uh, we'll we'll catch up next thursday Cool. Thanks bruce. Appreciate it. Thank you everyone, and I'll see you guys next week. Okay. All right. Take care