 How can you see what's good morning traders and welcome to the book map live trading webinar today with Scott Balsini a futures trader Scott will be trading live. We do this every Thursday at 10 a.m. This is part of the book map education. It's all free So what you get is part of the book map education the Educational course online and then forward-looking analysis to put that to the test Every day and then we have live trading two days a week with J trader stocks trader and Scott so that completes your education and Or at least access to creating a very very quality Education all right. So Scott you guys know who he is. I have his contact information He does offer mentoring services and education. So he's got a trading room, of course You've got his email here his website, etc. I'll put this into the chat for you Gotta go through the disclosures and then we'll turn it over to Scott General disclosure all book map limited materials information and presentations are for educational purposes only it 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 Wrist disclosure trading futures equities and digital currencies involves substantial risk of loss It is not suitable for all investors an investor could potentially lose all or more than the initial investment Wrist 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. Okay, so let's see Scott are you in here? Yes, I see I'm in there So if you want to yeah, there you are if you want to present your screen and then I'll rebroadcast that There it is Okay, yeah, we're all set here is right about where I entered there was a There's a setup here right at the open Decent bias Here and we got a full ATR. We retested once it got outside the ATR average range. He's a five-minute average to range to help me See the current volatility So we have I am a system based on setups and the current Current volatility to help me enter and show where I should put my stops based on the volume event Etc. So I got in here. I got out of one here. We'll go over that but I still have two on it It's just basically Al going around right now. So I had a offer up here I'm just going to delete this for now because You know unless you're if you're sitting in front of your screen if you're not in front of your screen Then you know you can put in these Important areas will go over what this area is, but if I'm sitting here and I'm watching this I know this is an important area and then we'll go over it But if I see this come up here and I just see nothing but blue bubbles meaning market buying there's no selling Well, I don't want to sell if there's no other sellers, right? So I'll let this see how this reacts up here and if it blows through I'll just I'll just hold on to that position so So that's about all I've done so far Let's go to big picture So there was a ton of volume yesterday Like thousands of bias in this area yesterday as we formed this balance area she was right here So and it basically just sat there all day long and then of course gap down I never get she I never catch these moves overnight. I mean I'm turning the day they always seem like they sneak up on you overnight but First move back up into this area is going to be a very good shorting opportunity because there's most of this Volume in here was biased. We were talking about it in my trade room yesterday That's why I don't look at that possibly So anyway, I'm watching to see this was an important zone I don't remember right now and I this is why I took the long here I gave us a shot here But I definitely want to see if this market moves back into this area for a short But right now I'm long. This was an important area where you had I usually try to draw these important zones Where it were the initiation of important important this starts, so I've got four main areas of charting We have directional conviction, which is that's a gap gaps are directional conviction Another directional conviction buying and selling tails tops and bottoms of balance areas and high volume There's a balance area So that's what I look at I draw my zones mainly for directional conviction and tops and that balance Tops of bottoms of balance areas I don't usually draw them for the high volume nodes just because I'll hit not just have too many Zones on my chart, but I can you can eyeball that right so for instance this was we were talking about this yesterday where It said No, this market had broken out of this balance this multi-day balance here and came back and it held where it should have held For this to remain bullish potentially But I said if it gets below this high volume node then this things in trouble and it did and they kind of tried to hold on And you had all that bias come in and then gone so this is a fail breakout of this structure But you know, I could just eyeball this that that's the high volume that I did have a zone there But it was from other stuff So I don't drop the point is I don't draw zones for high volume nodes I could just eyeball it, but this was an important zone here And that's why on a retest of this zone right around 11 800 You should be looking for a very high percentage short Okay, this was a gap up this day broke out of this balance came back held buying tail buying tail Those that's another factor one of the four important areas of charting And then it kind of just balanced over here So, you know when a market moves up and through areas a bunch of times you can usually delete the zone Or market profile or whatever you're looking at you know kind of invalidates the area But then this market closed right here and gap down so this zone is still relevant So this over here was again directional conviction with the gap directional conviction You know, we got through it and you can see buying tail buying tail and then we get Kind of through it right now and I know it's kind of struggling to get through it. So I did go along here One there's fed feds guys talking so I'm when I get I took that long I'm rolling the dice taking that along with Fed speak because you know anything they say is like a new new information in the market, so So I was willing to take this trade Even with them talking, but I had some other things. So, you know when you're trading You're looking for confluence almost like this So the more things you can have in an area to support your trade the better the trade is right? So you guys all know I use the magical Ludwig levels. This was a blue and red. Those are our main lugs It's a major support log We had standard deviation of the WAP it wasn't extreme, but it was you know one standard deviation So you got those two things and then you come over here and I had the bottom of one market profile composite and then the top of another one So all these things combined told me this is a good opportunity For sure, you can see the sponsor exactly off of the top of this one the bottom of this one blue lug volume of that long so You know I tell my room all the time if you can just be patient for these important areas We talk about it This is one of the Talk about this as well in the room all the time the trading in his own document so I my important areas are And I pay myself as well when we hit these areas Lug with love love levels. I call them lugs I don't have to say love with love 85 times a day market profile composite highs and lows Which I just showed you points of controls That's just the most traded price in the market profile. So if this market you'll be amazed How many times that the? Like right here all the markets respect that this is the most traded price in this area That's the point of control and you can see try to pop up fail there came up here Struggle here for a while, and then finally I bought but that's one of the important areas that I look at and then the other areas V-wap standard deviations we just talked about that and important predefined zones based on the candle structure We're opposing a site setup. So we just went over that all of those and then short time that I've already been on here We got the zone from the stuff that's happened prior. We got the current stuff with the Market profile moving into these areas, and then we had The very current stuff so the levels are more for the day trading Type of trader and you can use them longer term too, but they you know They change throughout the day a lot of times when they bust through them So I had that in my favor, and then this is a standard deviation of you So there was a lot in their favor So I I still wouldn't have taken along until I get the king the king is the volume setup, right? So when I got the volume setup, then I said, okay, it's go time So I was eyeballing that area. So you should always be watching these areas and you know Coming up with if then scenarios So I knew this area was important and I was just waiting for a bounce in the volume So the you know the volume setup came up came right now, right? It wasn't right on the lug, but After it got above there It came in and I knew I had all those factors my favorites on long So again, I'm rolling the dice with the Fed talking here See if this can hold if not then you know, I had to get out of one I'll take a small loss and then on to the next trade on to the next important area So what I was saying if you can just wait for these important areas You put the percentages so much higher in your favor for a winning trade Then just trading randomly in the middle of areas just to trade just because you think the market's gonna go up Or you think it's going down and just throwing the trades in the middle of Algoville as I call it if you wait for these areas you're gonna be getting Other traders that see the same thing and you know the bigger money that sees the same thing so on and so forth And again, I wait for I Know all that and then I wait for the volume setup to come in to take the trade And then I have the exact parameters that I use on the volume setup, right? So there's One of two ways of taking these trades you can either you know if it's a very important area And I definitely could have taken this aggressively meaning as soon as this gets outside of an ATR So I use ATR because these elbows are using ATR, right? That's why it's so important because when these markets get an ATR from these elbows read what we're reading, right? It's like the big money's had this information For three and a half years, right book maps had it for pretty close to the same thing And you know their developers came up with a way to read the read this information based on the CMMBO data That's a highly enhanced data to tell you with 100% certainty where the icebergs are where the stop runs are Well, you know the bigger money has the same exact information and the how goes can pick the stuff up, too So it's uncanny when these markets pull away Within about an ATR or two ATRs from the volume event that will snap back. So that's why I Demand that the market gets outside of an ATR for me to take that long, right? If not, I'm just opening myself up for snapbacks, right? So it's you know, obviously it's not 100% but it's just a higher nothing's 100% trading It's just a higher percentage that the long is gonna work if this market's able to push away from the algos I'd like to snap it back to the volume events, right? So anyway, you there's two ways of getting in this trade you can get in Aggressively the minute it gets outside. I use 110% of an ATR You can get in right then and then you place your stop on our 10% and ATR of an ATR below this Below the volume event the bottom of the zone Or you can wait for ATR Wait for the market to touch the ATR wait for the algos to snap it back wait for it to move outside an ATR again And then get long and that's what I did here. So I could like I said, I could have gone long here aggressively But I was a little more prudent Mainly because we actually were through that zone. I know there was a lot of confluence down here like we just talked about But we were technically through this zone So I wasn't I still go long, but I wasn't like giddy up like here's the setup right in the middle I want to go on right so still took it as much as I want this these markets to go to zero And I'm long so now what I'm watching so I did get out of one earlier at the baby lugs. So these are these are good Areas you could see it touched it exactly and pulls back, you know 50 points. I Don't usually get out get out of areas or get out of just that baby lugs If they're not confluent with something but I this was close enough to VWAP where I said, you know I was just peel out of one because I had a feeling this was gonna happen and Fed was talking to so I'm like I don't feel like I'm having having these clowns say something and have this market pull back on her points on Something that comes out of their mouth. So got a one now. I'm watching this area closely or I'll get out of another one So I'll be out of two at three So there So what's coming up here is again, baby lug now VWAP is getting closer here So now you got influence there and then you also have the top of this Market profile where it just bounced off the bottom of it that we just talked about So that is enough for me to peel out of another one here if it can't you know If a bust right through here, then I'm gonna hold it and then I'm gonna try if I do get out of there Then I'll try to hold this thing my goal or my objective is to get to the To the other lug the main other major lug and you see how far away that is and I guarantee you this lug is right in That zone that we just talked about so I will hold this trade You know, I'll get out watch right here if they can't get through here get through this area right away I'll get out of another one But I will keep one on and I'm gonna hold it to see if we can get all the way up to the red Love and or an opposing volume set up So say this thing is motoring up and then we get a you know a stop run One of my six distinct setups up here, you know an important area as well and it fails well, then I'll be out of the trade so Sorry guys, I'm having a tough time clearing my throat today Okay, so this is perfect scenario here's another setup so now I can either Well, I can definitely I'm going to definitely trail my stop based on this new setup, right? So you see this sell ice coming in here it's threshold So I have exact thresholds for each market that I demand to see before I put trades on right that I know from watching thousands of these setups for each market What is trade worthy in the market and what is not so you can you get this as a indicator? You don't want to be trading every spike in the in the SI like hundred and six, you know, 95 91 whatever that was Like 98, I know the exact amount Are pretty close that I want to be participating and this is close I mean this was 154 that is threshold So I'm going to draw this zone and then I'm going to trail my stop based on this new volume setup And I can potentially add to this trade as well And you can see this this ice is coming in right in the area that we talked about So it's not surprising because you know a lot of traders see the exact same thing as far as market profile and VWAP and everything else So that my buddy tick strike here It's really fun to have when you when the position is going in your in your favor But when it's not it's not so fun. It's not so fun listening to a torture treatment as I call it call it waterboarding All right, so the new thing I'm doing as well if you guys have been on my webinar as before You know, I was just drawing. I didn't have this price line up. I know I've been showing this a lot lately It's important. So I didn't have this That showing Because when I first got bookmap, it was annoying to me like it was just too much for my brain I don't like a lot on my charts, right? There's enough on this chart that messes with my head So I was drawing these zones Based on the bubbles, right? And that was not correct It's actually the middle of the bubble is where the traded price occurred So that was a mistake that I was making for a couple years. I'm wondering how much money that cost me I don't even want to think about it But what I do now is know you right click on your bubbles and you bring up Last price and then you can see that white line So I actually take the bubbles away when I draw my zones just to help me find the exact price. These ones are accurate. So See this thing is going crazy So to draw these zones all you need to do is get your crosser here and you want to see You want to incorporate all the prices that occurred in this volume spike, right? So you can see here if I start it right here just go down to where it started Okay, here the prices that were in here and actually mark it went all the way down to here And then all the way up to here. So I'm just gonna put these in right now Should I have hot keys set up you can set up your hot keys here. I'll show that here as well This was So I like to color code them just so I know what I'm dealing with So we use black for solace. That's that and let's make sure that's accurate So you get out of edit mode and then you make sure so you see that's not accurate, right? So it was originally but this market went all the way down to here is still on the spike So all I do is hit my shift E. That's my hockey Dot down and I have all the prices. So now that's an accurate tone So that incorporates you can see watch the prices up in the cross area here Now all the prices that happen in the spike and that's how I draw the zone All right, so this is the area I got to make a decision here Do I just want to trail it to that volume or do I want to get out get out of one right here? You can see this is the exact area that I was talking about right? So this is trying to get out of here right now It's got above V-wap. It's got above Elgo guy. I mean, I Baby lug so I'm gonna eyeball this for a second and see if I want to Possibly get out of this tree because I could get back in this tree based on this new setup, too So I may just peel out of this thing out of one of these So I'm gonna get out of one now, but then I'll show you what I'm gonna do here So first and foremost, I want to know when my new stop price is where I can trail my stop So my stop was way down here 110% of an ATR below this volume event. Well, here's the new volume event So I'm gonna make this one because I weigh one on now and I'm gonna bring this up here I don't know the exact price yet Right now so I used to do this by hand where I would go. Okay, the zone's at The bottom of the zones at 11 630 And then I come over here and say, okay ATR is 26. Okay. I want to be just outside of 26 so I'm gonna I'll say 30 points So I would put my just bite, you know by hand or just bite my bone and I put my stop there Well, now we have in my room. They've you know the guy traders in there is about build this It's incredible. So now I can actually put my zones in here and know the exact price for 110% of an ATR based on the current ATR, right? So We know that zone tops that 30 looks like 3750 I'm sorry 3725 and then the bottom of the zone is that It should be right out one of these prices. So that's how I know I made a mistake here See see how I didn't know Yeah, I needed to bring it down a little bit So you got to expand sometimes you see I have this a little higher So it was actually this was still in that spike So I got to bring this down a little bit You want accurate zone that makes a difference trust me and get stopped out to the tick all the time So 11 630 is the bottom of it 37 quarter 11 637 quarter and then I put on my current ATR So again, this is just default Wilders 14 ATR five minute ATR and thicker swim You can bring it up in other platforms. You can see right in the middle of the chart there 26 point you can see at the bottom and in the middle 26.48 All right, I'm sorry 26.14 So I put that in and this is going to tell me my exact stop price So this is a trade we're doing in my room. It's like a short-term scalp trade type of thing We're you know trying to catch the algo nonsense, which it's a great trade You got to be on top of it, but it's a great trade So here I know So say I were to get long right here, which I'm already long But if I add to this I could add at 66 when my stop is 0125 So you saw before I just eyeballed it and I said even It's actually 0125 So now I know the exact price instead of just guessing based on what that's spreadsheet So that's been very helpful for the position trading and then you know, you can see on here You can put your account size We talk about this every week And you only want to be risking one and a half to two percent of your account size And it doesn't matter what you're risking the points based on your account size and two percent risk It tells you how many contracts you can have on right So I get all the time. Well, I don't like I like to risk 20 points when I trade when I put on an asset trade Again, you guys hear me ran every single week. It the market does not care what you want to risk It cares about volume events and the volatility the average shoe range So use your stops based on that not where you a static number that you don't want to lose that make If you really think about it, it doesn't make any sense And you're gonna what do you think these elbows are built off of? You don't think they know when the market starts rolling away You know, they'll let the big money do their business and then they know All the terrible traders trail their stops because they gotta pay their rent and pay their car payment And they don't want to give back a lot of money and it comes back They snap a back on you stop you out and then it goes. What do you think that is? I mean guys, you got to be realistic in what's going on in here I mean you're going against the brightest minds on the planet that are trying to take your money These elbows wouldn't be running if they weren't taking your money, you know, and I and I am from a believer That's why the CME Brought back or you know gave access to this mbo data to give us give a little more transparency to what's going on Because there was a point there that I don't know the exact percentages But I read a lot of articles about out of the time that You know, the majority of the trade was just You know big firms big funds. It was like shark eat shark There was there wasn't there weren't any fish in the water for these big funds to eat So it was like kind of an enticement by the CME. This is just my opinion I don't know if this is exactly why but I would assume right because they need They want volume coming through their markets first of all and they're not getting full volume If it's if there's no retail traders in here and if there's no retail traders in here How are the big firms going to make money? They're going against each other, right? So This is in my opinion. This is just transparency to help You know the retail trader compete But my point is these elbows are still they still know what the tendencies the human tendencies of traders are To trail their stops and they come out and they stop you out They stop you out. They make it painful and then it goes right So use this atr to your advantage, you know, whether you're trading my system or not Figure out a way to use that atr and I know what people are saying. Well atr can be from anywhere If it's 24 points, so is it 24 points from there? Is it 24 points from there? Well, that's why we're using the volume event to base the atr, right? I don't I'm just about randomly putting saying, okay, right here. Let's trail an atr I'm going off of something you can even you can even use some static links, right? So say if you're using the love so you can say Okay, I'm going to give this a chance say we roll up here or even vwap Let's see vwap. A lot of traders use vwap. So we get up here. You're like, okay, we're touching vwap I'm gonna I'm gonna make this I'll get out if this comes back Just outside an atr from vwap, right? That's where you want to be using the atr Important areas important events important events of the volume events or you can be using You know vwap. This is daily value area. This is one standard deviation from vwap one and a half two You can be saying that so if this market rips up you're not using lugs You just say, okay, here we are at one and a half standard deviation I'm going to give this a chance to roll all the way up. If not, if it comes back an atr from that I don't see what I'm saying. So it's not just randomly throwing an atr and from anywhere use it from important areas I'm telling you it makes a difference and I'm telling you that is what these algos are trading off of A lot of them right here. So I'm gonna go. We'll go possibly go there It's just stop runs and stop runs all day long there I'm convinced the worst traders on the planet in the market Let's just stop run back and forth all day long Um, so before I get to any questions here, you got questions throw them in utilize this time There's not a lot going on right now So for me to add to this trade now, I I want to see This isn't some incredible area where I just want to jump in aggressively long I've already been long but say for my new trade. This is a brand new trade It has nothing to do with my original trade on why I would get long here add to this You know, it's kind of struggling right here like we talked about It is still running right around vwap. So I I demand for this to go long here I want to see atr retest failure. So we already talked about this, but you can see it here in black and white Just make sure this is still accurate. It's 26.09. So that's fine so atr Out of that zone And this is part of the other strategy, but you can see the exact price So an atr from that zone from the top of that zone was six is 63 39 so we'll say 63 half did this get to 63 half Absolutely did right. So and you can see the first time it did these algos are this might I think this is the exact price They snap it back. It didn't quite get back here, but that's what I'm talking about. This is why you want to know what the atr is So anyway From my this is my system. This is how I trade this. This is the conservative entry Get this out of here. So I got the atr now if this retest this zone And then comes back up gets outside the atr We'll find the exact price here in a second. It's 110 percent of an atr from the top of this zone I will add to this position. It's a brand new trade. It has nothing to do with my original trade But I will stop it in the same spot that I have this because this is the volume of it and I'm trailing it based on Current atr. So if I were to get long there I'll get long at 66. So that's just outside the atr, right? We're doing I'm doing 110 percent of an atr So 10 percent more of an atr would give me 66. That's not a good number to be trading I'm just kidding So I'll get long there and then I'll add I could put on I'll put on two I could put on three if I want if I really love the trade right there I put on three I ground up, but it says 2.2 risking this amount of my account size And then I'll stop out at that 125 that I already trailed my stop for my current line, right? So now I just wait Is there is there a chance that this doesn't retest this zone and rips? Absolutely. So that's why you have to decide Hey, do I want to be aggressive here? So I don't so I don't hope for a retest and never get it because that happens a lot Not a lot. I'd say 20 of the time it doesn't retest And again, these are just my figures from watching thousands of these Or you you demand a retest failure and if you don't get it, you gotta you gotta be okay with it, right? There was a there was a crude trade last friday. I think it was friday. It was at the red lug and I I was waiting for a retest failure and it just went like this and then just went like this about 200 ticks And I sat here fuming that I didn't put the trade on right so but I I you know, I made the decision You gotta live with it is what I'm saying So I'm making the decision right here and right now because this area isn't some Incredible area to go long. I'm going to wait for a retest failure. Then I will add to this trade a brand new trade These guys still talking Not right now. We got ECB talking as well Sorry, Bruce any questions on any of that? That was a good half hour straight talk. I don't usually go that long problem No, I think we're pretty good No questions half hour talking. Wow You're that good I am not good. Yeah Not All right, let's see what's going on in this We're all caught up There's a little action so you can see here This was this morning. This was like 1200 sell ice. It's a lot threshold near as 500 Just 1242 And then you had another event here. There's another 1200 here, right? So You can see how this market reacts these areas. So it comes down here This came in here Let's see. I didn't take this trade. I didn't do anything on this one Yeah, so it skirted away from this Retest of the zone Move lower more sell ice What did it do? I mean guys, it's not coincidence where these markets are coming back to right These are caught traders. That's what that's what we're trading off of we're trading off of the loaded up traders that are in trouble Right. So the whole idea the whole premise behind retest failure is just imagine you're the big trader in here and you have Your 1200 sell ice and they buy it. You can see this huge big buy bubble That's what sugar to sell ice. Remember icebergs are hidden orders in the order book. They're not showing Percentage of them are showing but when they buy that percentage and there's another It's to say it's 10. Well, there's 120 in the order book Say at the time there's 120 someone jumps up and buys it and there's another You know 1200 behind it. They're like, oh really and many times that'll just do that In this case whoever sold here Was wrong immediately, right? And then you can see what did what happened This one was 38 here. We actually have a three tier interior trade as well But came came back here touched the exact zone So imagine you're just please and just think of trading in common sense. You'll do so much better Think about if you're that guy That's sold that And it rips in your face. You're like, oh crap. You're getting calls from your trading desk your risk manager What are you doing? You need to get out of this trade You're holding your breath like your puke points right here and you survive the puke and you're just saying please come This was me. This is why I know this because this is what I used to do And I would pray to the lord almighty. It would come back to my area and I'm like, please come back I promise I won't be greedy. I'll just get out of the trade It would come back and I would peel out and then as I peel out meaning I have to buy him back It starts the next wave up that is a tier retest failure So we're just playing off of where traders are getting loaded up and it's not a coincidence It touched this exact area and ripped So we traded back and through this prior zone. So I'm gonna actually remove that But it did it did play out with an ATM with a few ATR away from there earlier too and came back Now I thought I heard something in here So this is kind of a convoluted area That's not bad. So the 500 is my threshold here, but you had 365 I wouldn't draw it there, but you can See this is the problem with the price line you can't Could I change the color of this burst of the Of the iceberg on chart for that Um The icebergs on chart. Yeah, sure Because that's showing me Because the white is confusing because it's showing me last traded price and the iceberg on chart Yeah, here it is. All right. So I knew that why could I ask you that? Um I try I was using white and black just because there's so many color I'm first of all I'm colorblind and there's so many colors on the chart I'm trying to separate but now that I have the price line on there. I may want to make I'm gonna need to make this a different color so we'll just use Right now. Let's just use yellow for the buy Okay, so that's the other difference there. That's why I was hard for me to tell which one was the price line Which one was the was the iceberg. So what this is showing you is this This is hard for me to see too, but this yellow line here This is one house So one house came in and bought some and then it triggered some more and some more and this is the same house Right. Yeah, not only is it the same house is the same Um iceberg Right. That's what I'm saying. Right. It's one it's one house with a continuous iceberg. So You know, they start hitting it hitting it and as it was higher You see these cell bubbles while they're running into ice this iceberg that continued Right. So continued all the way up to here. You can see the big bubble and then that triggered the rest of it And then it was done Right. So yeah, that helps you guys Fully executed for 1482 contracts there That's what guys that's what the transparency. Yeah, that's what the e and just just so people know The t means trans a transaction or trade. So All right, so 268 transacted 555 transacted and then it finally executed for a total. This is the total of all this right 1882 I mean guys, this is the information like this is what drives markets You're sitting here. I mean how many traders on this planet are staring at this You're just trying to come up with head and shoulders and This is a you know, backward dog or whatever the hell they use for their technical analysis, right? It's like you have absolutely no idea with this type of chart And you remember 95, I don't even know the percentage is probably close to 99% of all traders This is what they're using only in you know, a couple other Static things like market profile and stuff, which obviously I use but it's not giving you all the information You have no idea what just happened in here, right? And when you can layer this information of real-time volume with the stuff, you know, right? I'm not saying technical analysis is bad. I use technical analysis. I use it I don't use it where it gets the you know the reverse head and shoulders I'm using balance areas and we just talked about this the five important four important areas of chart The point is even if you are using it if you can use this information So say you had a bullish technical analysis set up and then you say, oh, hey, this is a bullish setup Oh, and guess what somebody just bought a thousand buyers here, too I love this area. All right, and then what did we get over and over and over and over here's your retas Very likely to do that if it doesn't that's information as well right I mean, these are decent moves and bonds too. I mean this move again Let's mark this on. So I will incorporate this. You just got to be careful. This is where you have to be careful, right? So you'll see this Trigger All right trigger back here with the with the yellow That was that well, I mean, this is enough. I can incorporate that when I draw my zone But if you see like, you know 100 180 120 and it's like this well, you know, that's not a market moving event Yeah, that was part of that iceberg, but I'm trying to find a concentrated volume event to draw my zone So meaning this could have started back here and it could have been it's the same house Well, that that's just not enough to to affect the market. I want to see concentrated volume So I would incorporate all this but if this started like 100 100 and it was like part of it was down here I wouldn't incorporate that in my zone is all I'm saying. So just be careful of what you're You know, if it's spank, you know, it's all in the same area then fine, right? And this this pretty much is so this was like this is all basically in the same area But I'm saying if you get like it starts down here and this market's drifting up and you get like 100 Like I just said 180 and there's just these random prices Well, you don't need to make your zone that big to incorporate everything. I hope that's by making sense of that Find the most concentrated area and then make your zone and this is definitely in most concentrated areas. So The same thing use your cursor started right about there this With this spike here came down there. You can see the yellow. That's the one house And it pretty much ended right there Right. So that's your buy ice area. This looks like it's you know, that was close to 400. This is another 500 So that's a thousand you have 1500 buy ice here, right? That is important. That is the information That you need to know and what do you know? It went probably two or three ATRs around here So the strategy reason here is three ATR for a reversion tray that we play And here's your retest and now if this goes retest failure, I'm going to take a long in here I don't show the bonds very often but I'll take this this is good enough size and I'm going to take this tray Now we put our zone in Again, you can eyeball this too, but I now have this spreadsheet. So 20 125 21 is the top 125 15 is the bottom I go over to my little handy-dandy spreadsheet and go to bonds And your ATR Have the setup in this just know this is the ATR It's kind of a different formula because of the tick size and It's like 31 ticks and a point. Um, it's 0.165. So 0.165 is your ATR This one ATR would have been 125 09 or we can round up 125 10 to the upside Is that right? No, that's a downside 125 16 No, that's not right either. Why is that not working here? Put this in right I don't know why that's not this should tell me by what an ATR was If I want to go long, this is just outside the ATR. I could go along at 125 27 So I don't know why that's not showing correctly 25 15. Yeah, that's not right. But anyway to go long meaning I want to see a full ATR This was this was an ATR out of here. It was more than ATR. Here's your retest. Here's your failure I'll go long at 29. I know this was more than ATR because 29 is 110 percent of any of I'm in an ATR And that's showing that's what my entry should be. All right. So I know to go long here I go long and I'm sorry 27 Yeah, 27 All right, so 125 27 my stop will go at 125 09. That's what that is. This is not And I can put on 6 2507 Again, that's 110 to 7 ATR from the top of the zone if I get filled my stop goes at 0 9 Again, you could do this by hand. It's just that's an eyeball on it then I would just put my stop down here and I like that stop too because That I'm going to make this market and again, I'm going to take the stop out But if I get filled on this I like I like that stop because it has to go back through this zone That we just drew and then through this prior zone for it to stop me out That's a lot of volume A lot of trap traders that it has to puncture through for me to be wrong I love these types of trades, right? So that's if I get filled That's my stop. So we'll work that for now And guys, this is all I do all day long, right? I just I have the bandwidth to watch, you know 12 markets some you guys I know don't like watching you guys like staring at the crappy es all day, which I never understand But if you have this kind of Strategy It doesn't matter what market you're trading in what matters is the volume It's the same across the board. You just need to know that your thresholds, right? And that's you know, my course goes over the thresholds for each market for each market so on and so forth, but This could be NASDAQ. It could be gold. It could be bonds. It could be corn. It doesn't matter, right? It's volume. It's traders that are trapped. That's what we're looking for and we're taking advantage of All right, so working that So speaking of es I wanted to cover this too spot gamma release yesterday So We'll get in this whole nothing's going on. So we got time to talk about this stuff I mean there has not been a single setup So spot gamma release this zero date to expiration In a care So what's been going on in the markets and he's been talking about this every single day if you guys get spot gamma You know, he every day comes out and he gives you his take on the market this is incredible in itself because You guys, you know, this is all for you es traders that love to stare at this one market, right? You want to know Where these levels are because these options dealers that take the other side of options trades They have to hedge themselves, right? They are not position players. They are They they get loaded up with options. They have to hedge themselves and the way they hedge themselves is by buying and selling futures So based on his analysis He can tell where the major levels are of options activity where he knows Very very good likelihood these markets are going to respond because these dealers have to hedge their positions So you can see this is a perfect example this came right in this area and failed this comes down here It's a very good likelihood it bounces, right? So you want to know you can use these for your targets I don't get into the whole you know, I'll read his stuff like for instance This is a good this is a good thing today, right when he's he's he's pretty vanilla when he talks when he starts to give like Calls like I think, you know, we're positioning long We're positioning short you want to pay attention because I'd say he's right about 95% of the time, right? So He does not talk this way very often. That's what he says for today We do favor markets staging a rally back into the 4000 is that just because he looks at a chart and says I think we're going there. No, he's basing in off of Yesterday there was again very large volumes at the 4000 strike. So he knows these are like magnets We talk about the liquidity all the time being magnets. Well, he knows That there's the highest concentration is 4000 in It's the spx. You got to make sure you're looking at You're looking at the conversion here and again, you can bring these in your cloud notes and book map So 4000 in the cash market spx the spx is the cash market, right? That's what Options are traded in a lot of these options That's what he's basing off of this like the biggest options market on the planet 4000 is equivalent to 4010 in I think it's 11 points. 4011. Yeah, there you go 4011 in futures. So he is Favoring a move all the way back up to here today. Again, is it because he just likes the long? No, he's basing it off of the The options activity and he knows these markets gravitate towards these high Volumaries of the options, right the same way we look at liquidity Like I said a lot of times liquidity is the options. Like I guarantee you this is some options activity. So So That's how I you know, you want to use these as a support and resistance So if you were long you can you want to be consistent with it You don't want to be just one day getting out at them another day you ignore them, right? You say, hey, I love zero gamma if the smart I'm long this market rips up I'm going to get out of got a sum there and then you know some at the other the major one things like that Right, but you can use this support and resistance because these are where dealers are going to be active So anyway back to this so lately what's been going on And it's a great strategy once you really think about it. I'll break it down for you, you know It's not a hundred percent what's going on But I'd be willing to bet for what I've seen in my 20 plus shares of trading and the manipulation that goes on in these markets It's probably exactly what's happening. So lately 50 60 percent of the options trade in the in these strikes you know So say it's the 4,000 strike well 60 percent of the of the volume in the in the options lately has has been zero date till Expiration options meaning they expire today, right? So what do you think that is? It's you know, he adds retail traders. That's a good way for retail. It's like putting on a futures contract pretty much I mean you do get more leverage obviously But now think about this, right? So we just got done talking about these options dealers how they're not in it for position trading They're in it to take these small um, you know The differences in the in the in the strikes so on and so forth. So they're not they're hedging themselves non-stop So if an options dealer gets loaded up with the 4,000 calls and the market starts moving moving So say someone comes in right now and buys the 100,000 4,000 calls, right? Well the option again guys, I don't claim to be an options expert at all That's why you want to deal it go to his site But just I do it with common sense and that's how I when a successful trader because I make things common sense simple 150 per contract we got some finally some cruise stuff so quickly If someone a big player comes in a big phone comes in buys 100,000 calls Well, who's on the other side the dealer, right? So he's now short calls. So he has to he has to buy Futures to cut to hedge himself So imagine if you are a big player and you want this market to go up You come in and you load up The dealer so you buy 100,000 calls from him. He's short 100,000 calls He has to buy futures to cover him to hedge himself, right? He's not going to hold onto those This is this this is actually genius, right? Because And I know what you could be saying. Well, they could just buy futures, right? But if they jump up and buy all these futures say they buy 100,000 dollars worth of futures They don't know what the other side is doing. They don't know that I mean these guys could be these guys could be Long-term traders that are going to hold their hold their short positions for weeks They don't know right. They do know if they load up an options dealer They have to hedge immediately So think about this if you're a big player and you buy a ton of options from a dealer You know, they're going to start hedging immediately Especially as it goes against them. So you buy a bunch of options and then what do you do? You start buying the futures and the minute this thing starts rolling These options dealers have to buy futures too and then you get these cascading events That's why trade has been so difficult lately for the last month or two because the options The zero date till expiration options activity has exploded So We've been talking to my room for weeks like because I contacted brent and you're going back and forth about it And he said we have an indicator coming out Anyway, they released that indicator yesterday. So that's what this is so you can set these different, you know Russell cues spies So this is what's telling you you can see Which way the the options The short term zero to eight options are going so you can see this This thing starts to head down. What did the market do it starts to head down? It's ingenious, right? So it's like they load up these options dealers that have to hedge and they just get it It's just like a cascading effect in their favor The way I think is going to be a really important way to use this is when When this thing starts moving so say for instance, they they load it up the they sold a bunch of Calls or say they bought a bunch of puts so now dealers are short points So they got to turn around and sell call to sell the futures, right? So, yeah, that leads to this move down But is that real selling? Is that like position trading selling where this market's going to Make this huge move down. No, I would view that as a temporary move so a way you can do this is kind of like a Non-conventional way of thinking about this is not trying to jump on when they when they cause the cascade effect. It's when it stops Time to buy Right because you know, this isn't real selling its options dealers getting a whole lot of their positions Well, that's not that's not big money taking positions. That's just them puking basically puking up. They're hedging themselves That tells me that's way more likely. You see what I'm saying? So it's just a different way of thinking about it. So anyway Um, you can set this for any stock I got them for the you know, obviously the etfs and then the spx options, right? You can say look at that So there's still there's still hint hitting the options. This will probably this might probably fall down for now Um, but if you go again, I said show you guys every week What are my website you get this kind of follow this stuff But on my website if you want to travel the hero and you can see that short date stuff Use this use this code So you get normally you get a one week for free if you use this code you get two weeks for free So go check it out. I'm telling you it's going to be I even put on twitter yesterday as he posted I said this is a game changer, right and what you also want to do if you go to twitter This this was his quote So watch this video he talks about it, right and I literally just said this is a game changer and it is It's just more information guys It's real-time volume information and if you can use this stuff with this stuff with the volume events It's you'd have an edge like no other put it that way What's going on in here and then we'll go check out crude maybe put on a train And I do like this. This is again. We talk about this all the time. What is that? That's liquidity does that mean I want to be short man They want to sell a bunch up here No, it means they want to get filled the longer it sits in here They want to get filled and they will get filled it doesn't mean it's going up here right to second But when you're positioning or you're thinking about which way to trade you want to take into consideration where the liquidity is Here's another example here quickly Which way do you think beans are headed? I don't know. I'll give you one guess Right This is not Oh, I want to buy because look at all these buyers. It's these guys want to get filled They've been in here all night long into the morning. This market is going to fill these orders It doesn't mean again. You can do this screw around they can get better prices and then it comes down in here They short up here and then get filled what what I'm saying is when you're coming up with your thesis for the day Based on you know, the bigger long-term picture. You better be factoring that in because there's a Extremely high likelihood every one of these these bands will get filled today. That's important information to know It's the information to know Volume, I don't know if I ever mentioned that All right, so let's go over here So the problem is it's not really a problem, but this this volume is kind of spread out in crude. They're doing, you know, it's the role Last couple days, so let's just see what it is right now So I figured that's how you know how to do this, but Probably some people that don't go to that contract go to quotes So you can see here 168,000 contracts in Jan and there's only 50,000 in D's All right, so this is the product side you want to be trading I mean you may get some setups in and there may have been some setups right there And uh, this is the D's contract. Let's see But you probably want to be looking at jan actually some trading firm is so this was all in uh This is a lot So I gotta sign on a trader some some trading firms will literally they won't even let you trade this product Right now that they move to the the higher volume product for crude. They do it in crude all the time I know amp does that all the time But let's just draw this on because it wasn't this market and this is this is a ton of sell ice get 200 300 200 You know 700 sell ice in here and you can see there's your line with the sell ice Basically one entity as well and you could be saying yourself. Well, they're probably rolling into the next month They probably are doesn't matter to someone else on the other side of this trade, right? That's the key you guys are never going to know unless you are associate of god You're never going to know what other or you're sitting in Next to the guy that's doing this you're never going to know what is why they're doing what they're doing The only thing you can know is that they're doing it and you need to know there's someone on the other side of the trade So I don't care why they're selling here I don't care if they're hedging if they're hedging Options if they're getting out of a getting out of longs if I don't care I know there's two sides of the trade. I know the market reacts to volume events And that's all I need to know if you spend your time trying to know the why's I can't tell you how many traders that I've dealt with that just can't accept The simplicity of this. Well, why what if this and what if we do a moving average of the moving average of the ATR moving average It's just like why keep it simple stop confusing yourself the more the more intricate you make it the worst you're Going to do I don't need to know the why's It's the what is right here So this basically started all the way up here You can see the line came all the way down to here if I'm incorporating all of these all of this ice I almost caught myself going on a major rant right there So let's mark this up. I like this I think that's right, but We can always edit it You're better off just putting the lines and then adding anything going back and forth with this thing Again, they're they're in the process of fixing this drawing tool or improving it But right now it's this is a very wide zone too. This is like This is not real tradeable. I mean it is but It's like a 90 tick zone And what you could do too is what I do all the time what I should be doing for this Is just drawing it to the most recent volume event, right? So that that was not but this was this was threshold Let's do that. So we know this is the biggest area, right? Did I do that right? Yeah, I did I came down to there right that was part of the spike here was it No That spike came in when there was no ice coming in. So there's actually more up here. So I'm gonna move this up here I'm gonna draw one for the most recent and we can potentially trade off of that even though I'm not Throwing about trading deeds right now So that's your your major zone. So you can bet the move out of here is gonna be a big move Right because there's 1,000 loaded up traders on the other side of this trade. So it doesn't mean ice is always right This is the ice for by zb 501 palm press gonna be a big move out here. So let's go to the most recent set up and we'll potentially trade it And that would be right here this This is 180 So yes, this looks like the same house, but I mean, you know, this is a concentrated area that's threshold So I'm gonna draw my zone to that use your cursor Figure out the prices where the spikes started right there. It was right there. It's changing colors. So it's not confusing. That's correct All right. So now that's a much more realistic zone to trade off of 80 and the bottom of the zone is 67. All right. So that's the first step. I should already know exactly where we're at. I just Didn't get a chance to look at here today. So we had an important area first and foremost important zone. Well, this is a bigger zone There's a lot of stuff that happened in here, but Trying to see structure wise what we got So you get up here Directional convention here directional convention here. That's that smaller zone there. We ripped through that So, I mean, this is basically last day as far as I'm concerned this zone is drawn from all this other stuff But this you know, it could bounce here and it looks like This is just turning into a bigger balance as well, right? And what are balances they're just traders taking positions when it finally breaks out of here longer term traders someone's wrong Real wrong. They're gonna be puking them out either way, right? So this is basically the bottom of this balance. So this could remember we talked about the four important areas of charting This could be a very nice bounce area So that's step one or step two step one was drawing the zone. Let's look at our Lugs and let's look at our market profile. We were at blue lug, but we just drew new lugs You know, it's still an important area directional yellow and prior blue are important areas I it's not why I just jump in aggressively I do jump in aggressively if I get a setup and at the at the lug and it bounces away from there But you can see so we got this we're not quite down here. That's more an 82 that would be baby lug So I mean, I'll still take this trade. I was just looking to see remember we talked about whether you want to be aggressive or not So I'm not going to be aggressive in this buy This is an interesting tube. We talked about cumulative volume. You can get that on book map as well I look at it and this again, I just I can't have too many things on my chart All right, so when I bring up when I bring up the chart like when you bring up a new chart This is what it looks like like I just can't I can't do I can't do that I just can't do it. So I take off the CVD there and I look at it Um, I just use stops and icebergs for my sub chart and then I look at it the CVD on the Sierra but you can see here. What do you see going on? This is another this is actually a very good example for all you people that use CVD and think it's the you know And I'll be all it's very important But there's a reason that this is happening and you look at this all this is showing you who the aggressor is So somebody is buying this aggressively as this drops down That's important information to know especially when you come into important areas The sellers are not They're not winning meaning the buyers are winning There's still sellers because there's got to be someone on the other side of the trade, but the sellers are being passive Well, I mean they're being aggressive, but who it's got to be aggressive to drop But who's being more aggressive the buyer? So as sellers are selling buyers are buying One it's not really responding yet Right, but this is interesting to know but Why why is that happening? So the buyers are being aggressive here, but we're moving down where it's not really doing anything. Why? So it's good to know the buyers are being aggressive, but that's not the end of the story What what's happening there Bruce? What on the CVD? DVD so it's going up, but why? Well, I mean They're buying but what what are these buyers running into right here? You see anything they may be running into? Yeah, I mean there there's a passive side of the trade. They're running into the icebergs there, right? See there's a difference. So yes, there's always a passive side of the trade when they're buying someone's selling but now You know, you obviously have that aspect, but then you know, this is one entity selling icebergs selling too So these buyers are being really aggressive right here They're running new mouthfuls of sell ice That's important information to know right so This is what I'm saying like if you just glance at this chart, which I guarantee a ton of traders are doing right now They're like, oh my god, the CVD is this is they're buying it. I want to get long. Oh great. Yeah, they're buying it But what are they running into they're running into incessant sell ice as of right now So you don't I don't just jump up and buy this because the CVD is going pot is is positive I wait to see that they can win right now. They're not winning anything. They're buying it like crazy But guess what there's someone in here selling and they're probably gonna sell more So that just tells me Okay, fine. Let's see. I'm gonna wait once this breaks out of here And then this is just the last part of this remember it went all the way up to here But I want I want to judge and then this is where my personal system comes into play right I need to see a move of an ATR out of here to prove that You know Whoever's right whoever's wrong. So if this can move an AT out of here Well, maybe those aggressive buyers are going to be right and this selling nice is wrong But guess what if this moves below here, what do you think you're going to start seeing? Stop run stop run stop run stop run for all the guys that bought the 1000 here See what I'm saying? This is this is why this is key and this once again Some days you'll CVD see CVD going up like it is and you won't see any ice and that that's a different type of situation You're like, okay. Well, you know, I would bet that the the buyers the aggressive buyers were kind of winning more often In this situation the aggressive buyers are running in icebergs and who knows how many they have In the arsenal see what I'm saying. So again, I don't jump in the trade either way here I wait I wait like a sniper talk about it every week I wait to see which way this breaks and then it's going to give me a very good indication of The big move, right? So this that's a very good example of not just using the CVD blindly Right. So you want to again when I first learned the CVD. I thought I was a guys get to traders Right. I'm like, oh my god. This is awesome. Like you would see you see the market do this The CVD we go like this and it would make it low or low and the CVD The CVD would be still moving up and then the market would do that. I'm like, this is incredible I'm telling you you will get killed just by blindly buying like right now. Ah, the CVD is there by it. I want to get on And important areas. Yeah, it's a lot more meaningful. But you also need to know. Hey, yeah, they're buying Is there an iceberg here? Okay. I want to be very careful until I can clear this iceberg area Then I'll go on see the difference So that's very very important Yeah, that's a really really good point Scott. I mean another one too is just I think people are Looking at the overall reading of the CVD And it's like, oh, well, there's divergence. Obviously it's divergent If you look if you look into the details of the volume that traded there Um, you'll see why it's divergent And you'll see that those buyers that bought are upside down On this move down right now. Hey, maybe they'll went maybe they'll lower it's going to get even more brutal Yeah, exactly. I mean, maybe they'll win Overall, like maybe I mean, we don't know yet, but like for right now they're they're on the ropes here Exactly that's what I'm saying. That's how I use my My areas and the way I trade those zones to prove it needs to get out of there at least in ATR Then I know it was basically winning or losing right now You don't really know right because it's just stuck in the middle there So this was in january crude and this is this is large too. This was like your stop So we can trade this as well It's 400 plus stops sell stops That chart I showed you was the d's chart the d's lug. She she hasn't rolled the lugs yet I don't know why I don't know she's out of the kitchen, but she usually is on top of that So I'm sure they'll be rolling tonight Anyway, so that's this is that this zone right here. You can see the swipes the sweeps Right, so they started up here, but then I triggered her stopper and so whatever was sweeping these Triggered the stopper and then you can see the red line there. That's why this on-chart is some incredible way out Actually, I had the way too. I yeah Scott just just a note on that about the stop run part. I mean we I mean we'd have to really kind of zoom in and see the the details in there like when You know if that was one singular event or not and then everyone that was The within that area see see the big sweep from the from the 82 60 on down If that's one of this is what trigger the shaft triggered here though, right with a red line and start Well, they could have been triggered along the way all the way up at 82 60 Well, I've been See because what what what it it depends if you show the best bid and offer we can we can check it out Well, this also is not showing any stop runs down here either though. It should it should after it updates though. I mean Yeah, so down here. Yeah. No. No. No. No, it won't it won't update until afterwards Yeah, see see that the stops update in the sub chart afterwards at the bottom. Yeah This is even after the red line. So the red line started here and then an update. Yeah, so Go go up to the the Show the best bid and offer it's just a detail, but I mean it just to to Understand like how these markets work and not not you. I'm not I know, you know all of that It's just um For others to understand. Yeah, this is one singular event now zoom out now So we don't know no no zoom out. Um, yeah, okay So, yeah, so what happened was someone came in with a massive order and hit market sell or was liquidated likely they were liquidated um, and uh along the way there are stops in there But what there's actually an order even in by the aggressors. So that one first large transaction unfolds And as it is selling it is triggering stops along the way, but they are not um Filled until after that large transaction finishes then the stops start to trigger Because it because the transaction gets first, right? Exactly. Exactly. So we don't know where the stops This is what's slip. This is called slippage. Exactly. So it's like if you if you have your if you have your order And this is why people bitch all the time, right? You're like sitting there and sitting like what the hell man I got 10 ticks lower. Well, because this trader whoever swiped the book He's got first right to all these prices, right? And then once he's done then the stops trigger That's right. So you could you could incorporate all this I you know This doesn't happen all the time where you see this huge swipe and then that like usually, you know It's all in one area as far as It's contained But you could draw your zone up to here if you want right because he had first right So you don't really know where these stops were so technically they could have been anywhere in here So I guess you really do want to draw it from the start that maybe helps to start doing that because You don't see this situation that often The point is you don't know where these yeah, they started triggering here But they could have been up here They just didn't get the chance to fire off because they don't have that right This guy has the right till he's done because he swept the order book Yeah In fact, like we know that some of them were triggered along the way But we don't there could have been a loss that we're also triggered way down at like 82 44 or something We we just we just know that there was enough Of a big move there or looks to me like it's probably a liquidation That trigger stops all along the way, but they they get filled after that first guy gets filled All right So that makes you know that that actually makes more common sense where you want to even though the red line And doing on the red line and again you don't get the situation all the time Yeah Better off just going where that huge swipe started and this is the great thing about this is the sweeps indicator, right? This is part of global plus another awesome thing. That's this right and I got black and white for those Um aggressive buyers aggressive sellers So this is obviously aggressive seller and then this seller triggered all these stops So these stops could have been anywhere in here and but they finally got their chance to fire off when this guy was done And then it pushed in another 10 ticks So when you get slipped this is why when you're like, what the hell man? I had my stop you're calling your broker I had my stop 60 ticks higher What happened most because whoever someone came in and swiped at 60 tick not in this instance, but swiped at 60 ticks You don't have the right to sell until they're done Right that's that because you're because you're was at a different price. See what I'm saying That's that the right way to explain that Bruce I'm sorry. I lost you at the end there. What you said that I mean first the guy first the guy trans acts when his transaction is finished Um, then whatever was triggered along the way fills Right, right. Yeah, that's the chain of events Yeah, all right, so A good learning uh opportunities today on this stuff You could go over if you want Nothing's going on. We could I do have the heat map brought brought in here Um, are the new this here this new indicator here Trade map pro. I don't know if you want to get into that today, but Um, I don't even have I didn't even bring it up and so we can maybe do it by scratch Just for one of the one of the things one of the sure sure I was going to mention it earlier like uh, because you're looking at the the stops in icebergs And you mentioned, uh, this was you know only with rhythmic data And it's it's an add-on package and from the book map marketplace And the reason that we put it in there is because it is very specific It is only for futures, uh, cme group futures And uh, you need to have rhythmic data. So it would be kind of unfair to Charge everybody for it. It is charged separately in the book map marketplace Uh, and that works with global or global plus now what we're just releasing today Um, is the trader map pro Uh, which where you you can it's based on mbo data as well. It is included now in the mbo bundle Except that for a limited time right now anyone with global plus will also have access to it Just note that you need to have rhythmic data and it's only for cme group instruments Um, the guys that's the same thing for the si indicator You need the cme and rhythmic they're the only data provider that has the cme mbo data So you need that to be getting this stuff. Anyway, yeah, that's right It's not like we have to get something different. It's the same stuff that if you're using the si indicator um What it's gonna say Yeah, I mean I could I could um a demo it if you if anyone want if you want to take a look at a scout Or i'll i'm probably gonna hold we'll probably hold a uh an event tomorrow afternoon And then cover this um in detail this trader map pro it it deserves it needs the time It's pretty awesome though To to see this and how it works So you can filter the heat map Based on the mbo data and look exclusively only at specific traders trading certain size All right, so I got stopped out of that. I'm sure it's to the tech as usual a little bit below so Decent trade. I you know, I stopped out based on this new volume event um, so what I will not do now though Is this is disqualified as a short opportunity because remember we I was talking about this is why I was going to go on But did you see how I avoided Adding to this position. What did I need to see? I said I wasn't really gung-ho about the area Meaning I want to get in aggressively. I was going to wait for at our retest fail You got your at or you got your retest did it fail? Fill me My order would have been anything I put my order, but it was up here No, and then it got through the song So the point is I would not short this volume event whatever that was it was over here Because it was able to push a full atr. So in my mind from watching so many of these I know if the market is able to push a full atr outside of the volume event I don't want any part of the other side. I just want to wait for a new setup, right? So meaning I wouldn't I wouldn't go short off of this no matter what happens Even if it did this this this or aggressively or whatever. I'm not taking shorts off of this because it showed Strength to get an atr away from there. So I don't want to be shorting this Right. I want to short volume events that Can't get an atr above and then die. That's what I'm looking for. So I got that long stopped out of that last part so now I'm basically just waiting for a new setup in there um, so this is exactly what I was just talking about with this see this uh From the volume like how are the how are the buyers doing pretty good? Do you want to jump in and buy just because the buyers are being aggressive there? They're losing right just because they're buying doesn't mean That they're winning Especially they can't get out here and then like I said, you know that there's a bunch of cellists here And guess what you're going to start seeing some pukes here too. You're right meaning stop zones Probably any second because the guys that were just all aggressive that ran into the mouth full of cellites are like Oh crap. Oh no. Okay. I'm out And you're going to start seeing the swipes and so on and so forth You think I mean you think that's important information to know when you're trading It's the information to know when you're trading. It's all I keep telling you guys Like just use this stuff with what already works if you have something that works you have a strategy Start to implement this stuff and you will be a hundred times better and more confident because you know what's going on That's the key. You you're not sitting here What bothers me most when I'm trading poorly or you know, if I take take a loss if I don't know why Right, at least most of the time if you are taking losses, you know What happened, right? So say you just wanted to be aggressive there You're like, you know what I like this enough. I don't need to see I'm gonna go long Well, if it moves out of you're like, okay, well, I know I'm wrong because these guys, you know, there are some big cell Is I know why I'm wrong. I was willing to take that shot, but I know why I'm wrong That is like a game changer if you can explain why things are happening most of the time Other than that it's like you guys flip a coin, right? All right, so what did happen here is this got an ATR below here So if we get a retest failure, I will short this market because now One I'm surprised we haven't seen any pukes yet But this this is the same thing I was talking about earlier imagine you're all your all the buyers in here Anyone who's holding their breath This comes back up. They're like, okay I'm out uncle and then they they sell and that leads to the next way down that is at our retest failure Sort of it's all based off of So now if we get a retest of this it's this Gray zone whatever color this is if I get retest failure because I know that's an ATR below there Let's just put this on in real quick just to get the official prices. So if you guys and I'm trading it as well 80 and 67 Are your prices? is 27.9 you can see in the middle of my screen there and on the right So 0.279 that just means 27 28 ticks That's the average range for five minutes That's what I'm using to judge the current volatility as a day trader You know, if you're if you're a bigger longer term time frame trader, you can use the hourly ATR, right? That's 119 ticks So if you go shorter say You go along say I love this zone. I think it's going to hold I know it's the bottom of this balance area. I want to take a longer position um, and I'm going to risk To 80 two hourly ATR is below there. It shouldn't get 200 ticks. Well, now see now you're basing it off of something You're not just randomly, you know, this is a zone You're making it get to two ATRs out of here for a potential move all the way back to the other side I'm saying or wherever you're Wherever you're looking so that you could use the hourly as well But I'm a day trader. So I'm using the five minute And I get you know, these emails. Well, that's subjective. Why not 10 minutes? Why not 15? Well, because five is probably the sweet spot from what I not probably it is from what I've watched one minutes way too short 40 minutes an hour. It's too long. So five minutes is the sweet spot for the way I trade So anyway, uh, that retest that zone on the zone 67 I can then go short at 36 8236 I could put on four Based on that risk So I need to see There's definitely an ATR below here ATR was 27 This definitely got 27 ticks below here. This is 50 ticks 60 ticks. So if we do this this this I can go short at 8236 right there And then my stop is going to go 110 above the top of the zone And you can see the stop price right on there and so I'm just guessing Or figure it out in your head. You can just look stop on at 83 11 that would be 110 percent of an ATR five minute ATR. So we said 27 that's about 30 ticks above the top of that zone right I'm waiting for that to retest fail and I'll take a short in that market You can do the same thing here too. This was uh, if you want to trade jan instead, which is probably Suggested because again a lot of firms want to let you trade the tea's product right now. This is the same thing, right? This was a volume event. This was a stop run If this does this this this you can go short put in the values for that I could trade jan as well So I'll be watching both of those and there has not been one signal in here guys awesome. Yes That sucks Nothing threshold anyway Not for what I tried. Um, this is an important area though. Like if I did get a bullish setup, I would take along in here All right, this is why I have these zones you would be amazed at how the market reacts to these zones And if you get the real time volume that is the edge It's so first of all we gap down So it's not like we're standing in front of a balance area that's already had the puke overnight This is a huge area gap down tail gap down Or directional conviction down gas or directional conviction as well Gap down directional conviction selling tail got through here struggle Directional conviction here we are And it's basically you can make this you know one bigger looking thing and you can It's a very good very good as this bounces off here. Then you add in your Options using spot gamma. He's calling for a rally. So you already know that Or he's based on he's not calling for it. He's based on the options Activity favors that so now you got an important zone You're coming up with all your reasons why you want your thesis of why you want to be long right Hey, look at hey scott. I have a question for you. We're not getting too many questions in today. So I had a question for you um And I actually will only have about five more minutes But you know looking at you know, you're you're um, you're trading strategy with it with the atr and I know it's five minutes, etc um But some of those are much much bigger moves on your candlestick chart Um, and are you um typically like kind of you know, holding those for like, you know, several hours or even Maybe a you know a day or two or To capture some of those moves Yeah, I mean I'll hold like the other day. I was short It was short. Yes, actually the day of the uh, the poland thing with the bombing And it wasn't just because I thought we were going down. We had volume set up and we're at the end of the day And it was like right here. I think it was at 39 90 Uh ish And there was a volume set up and we were into the close. I'm like, I'm gonna hold this overnight And I and I well, no, yeah, not nice I got out because then biden came out two hours later and said we don't think it was russia And then the market did do the spike. I wouldn't have stepped out But I I basically just scratched the trade, but yeah, I will hold it So that that's what i'm talking about using you, you know, I don't trade just off fundamental I don't say oh, I think we're going down because I've been I've been thinking we're going back down the low since 2020 How would I have done right? There's a saying that you always hear the markets can stay irrational longer than you can stay solvent, right? So it doesn't matter what I think I have opinions all the time I wait for the volume events to and then that gives me a better edge, right? That's why you come up with the thesis every day of what's going on. That's why I do that I do it for my room every morning or what I think based on this But this was a really important area and we gap down from here. This was a huge ice area This we've been talking about this too. This is just amazing This is another thing you guys should be keeping track of like when you see a bunch of ice Like this was like 14,000 ice contracts all in like, you know an hour Back over here and look at look at how this market reacted to it for days for days. Look at this So this was the ice It was right at the close All right, it was like right this little area was like 14,000 ice Right overnight held held held This was still overnight. You see by the gray Morning came down try to get through try to just barely you're not talking by much came through bounced off came back bounced off came back bounced off led to the up big up move held again Look at this. This is why you guys want to know that this stuff could stay Relident for days, especially if it's huge area and this was a huge area and you caught it again And you could have caught it. This was these are these are not small moves This is a this is a 50 point move Right off of this area and then when it broke what happened. Bye. Bye right, so This is the same concept as a balance area, right, but all balance areas are not created equal right, so I don't like the there's a lot of guys a lot of ed educators. I'm doing ear quotes out there that are like That's time and price. Okay. I don't care how long it how long A market sits in an area like if there's no volume in it. Yeah, it's showing as as a balance area but is that as important as Time with 14,000 by eyes So not all balance areas are created equally with this information that book map gives you You can say this balance area is way more important than a normal balance areas that I usually see And you can see this is what I'm talking about came down bounce gapped up bounced bounced Then guess what then built balance here. It was showing you was accepting this price now And then when I finally got through this little this is that isolated just drew gone Now I can promise you And that promise but I there's a very very high percentage when it comes back here It's going to react the first time at least the first time right because all these traders that were long Are holding their breath anyone that was able to hold through this if it comes back or like get me out You got this ice. You got all this stuff up here. You're very likely. This is an excellent Excellent shorting opportunity with a move back up in the air Then you know the spot gamma levels are up here as well. I mean that's a little higher I mean, I think it'll stop at that zone, but we'll see So this is how I trade right and I have these areas and I just wait I come up with my thesis and I wait for the areas, but yeah, you know, if I love a trade So for instance that this comes up here It's right at the end of the day today and I get a volume set up. I get short. I'll hold it I'll hold it overnight I'm not a good overnight trader because I never sleep I wake up 20 times to check the thing and then it just ruins me from the next day But if I really like a trade I will put on a longer-term trade. Absolutely Oh So then the other thing too You want to know what this area? This is the same thing. I didn't draw. I'm going to draw it Because I want to go back and find the exact price, but I can tell you I was sitting there in awe yesterday of the By ice that was coming in a Nasdaq and it was right in here And guess what they weren't they weren't so right. Were they and guess what when this comes back comes back in this area You're very likely going to see a reaction So mark this area right here of this this balance area Into this zone. This is where this we gap down from to this whole area right here Oh, we've very very very surprised if this can just rip right through here You're probably going to see some kind of reaction that could end up leading to zero, which I think we're going to I said that every day so All right, just a quick look here at the this new zero data exploration see what's going on here Again, you guys can get free trial over this just on his website. You can add an extra week Go to use my code for it so I still don't really understand what the retail is like is he just I got to ask him on sundown email like is he just coming up with smaller size options and Instead of big blocks thinking saying that's retail. I don't know but I do know this blue line Is what you want to keep an eye on so keep an eye on it both ways I could if this starts ripping higher Well, the market's probably going to follow and then also know that if the market does rip higher Well, that's probably not real buying It's probably just these options dealer having to puke their positions out with futures or not and not puke the heads themselves Right. So this is what I'm saying. It's kind of a contrarian view Of yeah, once it once you want to catch the moves when you see the blue starting to lead the black The black is the price line of the current price But once once you get to an important area, you see something like that We're like, well, that wasn't real buying that was just options to have an edge their positions I'm ready to short this puppy now Right. So that would be even better if we move into that zone with something like that So let's say this is spy You can see this is hung up here. So that's a bullish divergence There it is There you go All those CBD buyers going doing right now. They're doing pretty well Now they're puking that is why I say you've got to know the context of that CBD You don't just start buying because the cumulative volume is spiking you will get your head ripped off Why did I lose my feet here? Take one look Because it's just really good I can't tell you how many guys don't understand this thing and don't have the icebergs to understand what's going on Right. How are they doing? How are these buyers doing that? We're buying this whole way down Right. Not very good Right here. Let's just keep buying. Let's just keep buying. Let's keep buying all the way Now we got to puking Very important to know When the CBD is just buying from passive orders in the order book or are they buying passive orders from icebergs? That's a big difference. There's your first puke. So I'm not even gonna retest and now what I would do anyway Is I would draw a new zone based on this and I'm gonna trade off of that I don't really want to go long based on what I saw up here. So I'm hoping to go short But you're probably gonna if this moves in a little lower, you're gonna see more pukes Probably to the tune of a thousand Or two thousand actually that was like two thousand buyers. Wasn't it the iceberg was a thousand in itself, but this went from zero Zero to about two thousand close to about 1500 buyers. Yeah, they're not feeling good right now Because that's the information that is the key to trading is understanding that and then knowing your areas And then taking advantage of them and then having a set process For where you stop out when you're wrong because you're going to be wrong It's just a percentage game and where you get out when you're right and be consistent and you will make money And then I go over this stuff every day in my trade room twice a day Most days lately. I've been doing a pm webinar because the trade has been horrendous, but All right, Bruce, that's all I got I'm shocked there hasn't been any questions I like because we covered a lot of stuff. Yeah, there's been some chatter in here But you know, I want to get try to get in the habit of finishing at 11 30 east coast time here Myself included because we've got tom be right up next. He's already streaming. So if you guys are interested you can jump over there as well Um, we've got streamers basically, you know throughout the day You know, we just our discord channels are streeters. You say streeters streamers. Oh, I'm at streeters Yeah, no, no, we don't have any naked guys Um, um, but um, yeah the uh, no, we just built out quite a bit in our community. Um, so No, it sounds sounds great Scott. I mean, this is a great lesson on understanding the You know reading the stops and icebergs in here that cvd thing was just great I think you guys saw firsthand, right? How many guys got crushed buying looking at that divergence and buying it and now they're piquing them a lot so The attention if it's icebergs are the reason that the cvd is going the other way because they're buying right into You know, the cell ice was absorbing that buying Um, and then just keep in mind going forward today. Remember what spot game has said So if you start seeing some setups you have in your we're in the zone It this zone looks like it's holding Of this could make a move all the way back today That's what spot game I actually call for it again when he talks that way it doesn't do it very often you want to pay attention And I would if I do go along I'm 100% Being out in that zone and then I'm looking to go short. So that's that's my trick That's what I'm waiting for say when NAS back as well Huge size in here yesterday if we get back up in here So I'm favoring and move back up in here today, especially with you know, again We talk about influence all the stuff we've been looking at chart wise and then spot gamma If you have this zero date you can get this right away Go do the trial and you can watch this as well Right get it right now and watch and see how it reacts today. This thing is going to be ready I mean, I can't wait to see some of the edge with this combined with the volume setups I'm like a kid on Christmas Eve All right, Bruce, that's all I got. All right. All right. Excellent. Thank you so much Scott Um, have a good weekend and we'll catch up with you on next thursday Next thursday is Thanksgiving, right? No, uh, yeah, no no webinar. I'm sorry. I'm sorry You can do a German turkey dinner if you want you can do that Oh, you're horrible You guys can listen to me. All right. I'll see you guys in two weeks then. Okay. Thanks Scott. Thanks. Bye