 Good morning traders and welcome to the bookmap live trading webinar today with Scott Polsini We do this every Thursday 10 a.m. It's a live trading. It's it is in demo paper trading mode as you'll we'll get into the details here but learn how to Peek or trade from other other traders Their methods their setups. This is not a trade following room. It's about education and understanding how they're Trading in in the with their setups and their strategies how they manage it their psychology, etc You guys know who Scott is if you don't he's please read up on him. He's got a great story How he got involved in trading and the size and volume he was trading he does offer mentoring services here I'll put these links into the chat if you want to reach out to Scott for his personal education and Let's go through the disclosures here. I needed to go through this before we move on This is important general disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance The risk disclosure trading futures equities and digital currencies involves substantial risk of loss And it's not suitable for all investors an 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 Pass performance is not necessarily indicative of future results. All right with that said let me Broadcast Scott's Screen in here. So Scott when you get a chance There it is. I got it. Can you see a crew? Yes, okay, we're all set excellent. Thanks Scott take it away All righty So you can see I got long earlier crewed. I mean I've made a couple mistakes already today. I should have added to this trade I'll show you that and then I missed this complete Opening drive and yes, there was by ice down here. I should have been aggressive. I saw it when it was See this someone was right around 95 so I saw it up here and I was gonna I'm just praying it would pull back At least to the ATR they did the time the ATR five minute ATR was like five and a half Where I should have been in aggressively and I just didn't pull back and then I just sat here and watched it rip so Not a not a good start For me. I mean, it's okay. Just mentally. I just I hate missing 30 point moves when it's slapping me in the face But we'll go over, you know why This is bullish and you know why I'm reluctant to sell We're gonna talk about this metric trade room more and more often where when you get the ADD advanced decline Above or below 2000 that's trending type day. So you want to be very careful fading moves, right? So the best trades with this ADD this elevated is to wait for pullbacks And get long but there's just been zero pullbacks because I I was so mad. I miss that At a whole putting move that I turned my tic strike off because it's literally like torture treatment hearing the buying nonstop for half hour and not being involved So I'll bring this back up, but it was not not a fun and I missed again, I had a chance in the screw trade to Add to it and I'll show you that but I will go short here and crude. This is an important area I think it can pause so Right now our ATR is 31.3 in here you can see on here And you can see this an important zone will go over this here in a second. So 31.3 So I've been going now he hasn't remembered for forever. I've been using like to enter in aggressively Like 80% of an ATR first was 70 then it was 80 then it was 90% of an ATR And I kept getting ticked all the time. So I've just gone outside an ATR I'm done trying to squeeze out a few ticks So the bottom line is and you know, about 32 ticks out of here is above an ATR That's where I'll enter this short and we'll go over why here. So that would be 26 You can see here We've been talking about this for the last few days in my room building balance That happened the other day as we had a attempted breakout and it failed and usually Most times when you get a failed breakout the market does that so a lot, you know So if you would have been short here, that would have been the right play once we got through this high Vine or this balance area on a failed breakout, right? And then you can see it just would not break you got buying tail buying tail buying tail buying tail Directional convection something was telling you that this was gonna happen You said basically had to wait for this to get out of this zone and that's exactly what happened this morning We opened up right through this area. This is the area of we gap down Whatever day this was and directional conviction that led to this huge, you know, $8-9 move So this was an important zone and you can see how it was struggling here struggling here And then finally rip through it So this was the go time and there was a buy-stop run here and then there's buy-stop runs all the way up through here But now we're in an area where this could pause I'm not afraid of standing in the way of guys puking. So this is what this move was everyone who was short in here Long-term traders. That's what this move is. It's a puke, right? They have to get out of positions, but we're far enough away from that now that I'm willing to give a short try here At least we'll pull back to this zone because of this area here You can see selling tail sound selling tail and then huge directional convictions. So this is actually the start of this whole move So this is a good area risk reward to give it a shorter shot Obviously this market's very strong today, but this is an area where it can pause and I'm willing to short that right there so This is opening where I got long This is what I'm talking about like I've missed this trade and it has been nothing but buying. Let's just look at this real quick I just want to complain a little more here Seriously, this is 40 40 straight points that I've missed So I gotta grin grin and bear it, but we'll go back to crude here in a second. I'll just go over what's going on here So you can see yours. I was out yesterday afternoon But this was obviously the Fed rip and we kind of knew that was happening because in my room We were on the PM webinar a couple days ago and we saw about 12,000 icebergs in the zone. So I actually Highlighted this zone and you can see We were actually joking even though it's not a joke. I think it was probably exactly right We were saying oh, they must know what the Fed minutes are gonna be literally just crazy ice like just I've never seen Anything like it and it was just like by ice by ice by ice There's a couple stop runs by ice and so we said you guys would be wise to mark this zone and watch it and see how we react To it just trade like you know, this is just like a regular obviously this is large But I said whatever way we break out of here is gonna be the big move and well and behold that comes out Oh, it was bullish. It's almost like they knew something and here we are right So, you know, we're ripping we're coming into important zone here where this could finally pause again I'm not very excited about shorting this at all because of the trend up Potential not potential we're already turning out but we'll see up in here If we get something major I made shorter for a pullback, but I'm looking more for pullbacks to buy And right now it just feels like we're going straight to new eyes because I'm not short so You know over the next day or two if this does pull back to this area You want to watch this area very closely if it gets through here This is in trouble. If not, then, you know, we're coming up to these areas here that I zone so this zone was Where this directional conviction started there's a buying tail So usually this this is I've been trying to draw these zones so you guys can see exactly what what I'm Incorporating so obviously this was from a long time ago. I don't even know what this was from now But the current market was we're still respecting the zone. That's why I kept an end right so you can see here You had directional conviction selling tail directional conviction selling tail selling tail, right? And we kind of struggled here and we tried to get above it that failed and then we gapped down right through it This is what started this directional conviction. So this is a zone where this could pause So if I see something strong enough, I will take a short here Just for and I'll be ready to to peel out of that puppy on a pullback because this is obviously like I said a trunday This is just very very painful though. I dropped the ball here I should have been in immediately. So the reason I should have been aggressive here one the charts right We're breaking out of this This was a balance yesterday afternoon pull back into it And then this was basically the breakout of this area right at the open So that was bullish right there and then I take any trades above the the lead lead weight levels Gold stocks topped by gc 317 contracts. I will trade aggressively We'll go to gold here in a second So that was we were above the yellow lugs. So I would have been in aggressively and now it's just hugging this standard deviation So it'd be nice to like ice for themselves. He has 156 contracts going on today So anyway, you saw that zone that I just drew and now we're Approaching the top of this marker profile composite from a while ago So this is an area where you got confluence, right? So you have red lug You have the top of this profile can mark a profile composite compositor just multiple days Value areas added together. So you had one here. You had one here and we launched out of that one, but This is an area where you got this you got this you got extreme standard deviation of vwap, right? So this is daily value area. That's one standard deviation one and a half two All this stuff's confluent where this could finally take a pause And then What you also want to keep an eye on is relative volume Is there enough volume coming through this market out of the ordinary to push it through? Do something out of the ordinary right to push it through those confluent areas and you can see this volume is pathetic Right, so it's not it's barely getting to a hundred percent of the Of the hundred so a hundred is a hundred percent for the last 30 days Um for this exact time period you can see we're bear if it's red. It's not good right as far as Big money playing we did have this Our pre pre market right and that kind of signaled. Okay, something's going on and then you get this launch Right, so a lot of times when you see a ranging market and nothing's going on like this this this and then you see Relative volume and the market's basically still in that area. You're like, okay The something big is about to happen here and that's exactly what happened So that was another reason why I wanted to get long and I dropped the ball And anyway, we're approaching an area where there's not a lot of volume to keep pushing it You're gonna get these algos that snap it back at extremes. So I we get a signal. I will short it But my my the better trades today, I think would be waiting for pullbacks And I'm going long. So we'll see what happens here One of this There's a bunch of stuff earlier I put on a trade and I made a mistake and then I just got right out of it because I didn't see this Most recent sell ice own and I think Yeah 144 So you had a stop run at the open and then there was sell ice. I don't think this So I was playing off the stop run because we were above the yellow I'll show you this I was going to go long and I I got long ATR above this Stop run zone that I just showed you and I'm like, wait a second. There was sell ice right after that So this is a brand new setup. So you always want to default to the newest setups Um, so that was that so I should be getting in an ATR above this zone this black zone So I'm giving this that as well. Let's see Of course I did and you even got your patented ATR pullback So I should have been long We're right around here. Maybe I'll still do this. Let's see ATR in here is 3.4 So three and a half points out of here would be six. That's actually right here Let me just make sure we are the loves and I Okay, so This is an instance where I'm not going to go along right now, right? We're really close to this red lug It's also confluent with this market profile composite love. So If we bust through here make new lugs I get a long signal that I'll go along In actuality what I when I need what I will do if we get up here and the new signal comes in I will go short aggressively because of the red lug and because that's confluent with that, right? And we're extremely standard deviation the stuff. We're just talking about it yi seismic cell rt 150 contract stuff. We were just talking about in the s so um Not going short this actual I'm not going short this setup here because we've already yi seismic cell rt. It's really thrown me off We've got an ATR above there so that disqualifies this is a short set But if I get a new short set up up here right at the red lug, I will take this take this short aggressively And quickly how you could have known This is what we talk about all the time in my room, right? So the more you understand structure the more you You understand what should happen when certain events happen, right? So yesterday we gapped down Through this important zone, which was extreme directional convection buying tail, right? So this market Once it got below here should have died right and I actually was short The setup there was a setup and I got I lost a little bit on it, but And that's fine, right? You're gonna take losses the market But the loss told me something's up. This thing's gonna rip because this For this to gap down through this important zone told me this thing should do that it did hold this Balance area here. It did hold the dive line note But got a little bit below. I'm like this thing's gonna die and there's nothing here I think this thing could pull back to here It did nothing. It just sat there all day And then did this at the close and I'm like, okay, something's up and then lo and behold today rips, right? So many many times in trading What should happen that didn't The trade the other way is the large is the big move and that's exactly what happened today You see this we we're almost 30 cents now now. This is an area again We just saw red lug. We saw the market profile composite low from Whatever day that was and you can see that we're in this zone This is where this directional conviction started. So this is why I have this zone and it started over here We gap down in back failed huge move down Gap down. I'm not gap down. Sorry directional conviction down and we're here again So now If I get a signal here, I will short this and I'll short it This would be an a plus sub right if it can get above here Then support our resistance becomes support And then I'll be and then hopefully we'll draw new lugs and I'll look for longs But right now if we get a signal, I will be getting in this trade aggressively for a short because also this is one This is another great trading edge What you want to look for is straight B line moves into important areas because all the energy is Used to get to the area and then you got the people that see the same stuff, right? That fade those areas So there's all the buying is done to get to this area and then many many many times that's where it fails So this is a very good short opportunity if this can hold right here and we get a signal Let's wait for some there's been little stuff and nothing I mean 144 That's not threshold for me. So we get something big here. I will short this Is um, are the beans like one of your best? um You get your best results from Yeah, um Let's take a little peak here. I think I think it was uh Was it nasdaq that you traded really well or crude? I I can't recall First I trade everything very well. I'm scared No, there's some I've been getting smoked in in crude and gold That's what I've talked about in these webinars since the war. I just we can crush this. Let's see here So Financial gas numbers coming out in five minutes too Yeah, you've been killing it natural gas too, right? Yeah, that's been a great trade Yeah, so you can see my products right here. So look at this this is and these were all both of these were Close to even I was up a little bit in both of these and since since the war I've just gotten killed and because these are the ones that react the most to the wartime news, right? And every day there's some kind of crude and then gold's just been a complete utter jobfest Um, so let's see here So yes, not bad. I that actually surprised me. I think that's probably the market I hate the most as far as watching a natural gas huge and so he means this is what I tell you got this Exactly what I say. You need to have other markets that you watch. So when these these markets suck right you can Watch these because all these products. It's all the same stuff. It's volume, right my my main driver Anyone's main driver should be the real time buy, right? So when these markets aren't trading you can move to these and then you can look at this stuff and be like, you know what? I don't want to trade this. So, you know, it's not as easy for me because You know, I'm in my trade room and do the webinar and I want to point out stuff and it'll turn around, right? I mean once this stuff normalizes, I'll these will get back up here. But So that's the one thing you want to know what your best products are and then You also want to talk about this all the time this pains me to look at but look at it quickly You can see Mondays are my absolute worst day. I've gotten smoked on Mondays. So you can come in on Mondays and just I don't know what the reason is. Maybe It's me. Maybe it's the market, right? Maybe I'm just hung over from the weekend playing golf or whatever it is or Markets are just low volume and blah blah blah. It doesn't matter that you want to know these things, right? So again guys, you should be using something like this is the best one I've seen traders sink go to my website click on the banner all the banners on there You get you get discounts all this stuff. So traders didn't get a discount Wednesdays are okay. And then you can see my best days are today and Fridays So you can literally structure your trade like you can this is the benefit of being a trader, right? You can say, you know what? Mondays and Tuesdays I'm not even gonna trade. I'm gonna go Do something else on those days and I'm just gonna trade the end of the week This is the beauty of being a trader, right? Like you can trade anywhere in the world You have an internet connection or you can decide what days and times you want to trade and then the other thing We talk about this every week too you can see And this goes back to when I was a scalper You know in the E-mini S&P I started I used to leave let me look at look at this P&L at At this time of day. So this is my time. So this is for some reason It's not only an hour off, but this is 10 o'clock central. I used to every day I used to get up and leave from 10 to about one o'clock central because I would just get killed because That's when the big money leaves, you know in new york and so on and so forth They go to lunch and then the algos and then you know back then there was a couple market manipulators that would just flip the Market back and forth because just like algos right now, right? That's they flip the market back and forth until someone is somebody stops them Meaning when the big money comes in and disrupts their game. So this was the same stuff back then But you know, if you take this out, I'm about you know over 100 grand trading and I'm not trading big like we talk about this every every day and that should be very Um motivational for you that you know, you can make this kind of money trading ones and twos, right? So my whole goal is as I build up my P&L again Then I go to you know When I was to start as a scalper I was trading ones and twos and then I was twos and fours and fours and eights And that's what will happen here too, right? But I basically on the way back So I've got a you know, you've got to build up your account. You can't over trade your account We talk about that every day. I'm not going to start going on these rants, but that's just something to Look at there You know what you have to be using that and the other thing too with this is I've been Been slacking last two days because I've been out but I got to put these in but I you know, you go in here And we're going to look at this and probably I'll give a couple more weeks of trades I don't know why this is so slow today, but you can go in here and see all Your trade all my trades and I go in here and I post let's find a good one. So I can get a good vibe So here's me as trade I go in here and I've been I've been posting these in my room as well, right? So in my room to here Hop over to my room. That's the great thing about discord You go in these individual Panels and you can see my trades. I mean this is I keep telling my room like this is you're not going to get a Better resource from this you can go in here So just because I post all this stuff doesn't mean every single thing has to line if everything lines up That's even better. It's an a plus trade, but you can go in here. So I basically See what trade this was here This was a losing trade, but you know, I post everything that I saw in the market What it looked like what what the book map looked like Right. Okay. So that I do it before and after too. So this is broken. I sized you can see where what I saw Here's the zone size size for sell ng 150 contracts looking at that the number just came out and then I post the lugs and the market profile And relative my aim and the edge and every what everything looked like at that time, right and the hero Spot camera hero on their site You can also have that on book map and then with the five minutes the 60 minute algo guy Talk about that what the internals look like, right? So this is an incredible resource Well, you should be doing this for all your trades as well, but you can go back and look at all my trades and be like, huh I like that that and that that's what I'm gonna look for my and build your own trade plan. That's the whole idea It's not to mirror my trading. It's to You know, look at what I look at and say, yeah, I like that. I don't like that that makes sense That doesn't make sense and come up with your own trade plan. So this is an incredible resource Um that my trading room has right. There's another loser, but I post both right? I'm just posting my winners You know, I mean you guys see everything, right? I'm I can't be more transparent than I am trading live and posting this stuff. So So that's another awesome thing in here You can go in here and post all everything you saw in your and then you put in what setups they were So we're going to after about a month one more month We're going to go in here and look at hey, what did dumb and dumbers do? What did um, titanics do like this one was titan? I'm a titanic that held to the downside stuff like that, right? So it'll be very interesting as we move forward All right, um any questions on that Bruce? So we're okay to do okay and uh discord and youtube here All right, so I still have not filled on this if this goes in atr above this most recent setup the stop run Then I'm gonna then this is disqualified as a short setup and I'll look for something new Uh, yeah, I could go long as long as we draw new levels. We just have not again lugs our Ludwig levels If you guys are interested in those they're great for day trading They're very very powerful when you use the real time volume with them. They're you know sporting resistance targets et cetera, so You know if we I don't go long So for instance here's that stop run, right? It's like right there. I won't go long into the red lug I wait for new lugs to be built kind of like here, right? So this was right at the open today and this is where I got out of that long The setup happened here and we ripped up to there and I just got out and we built new lugs And we did have some setups that I could have gotten aggressively. I I just was not I was back and forth between products and I didn't I didn't even see it until after it was already running away because this was a Straight line move But point is I'm waiting for something like this to happen get new lugs and then I'll go long, right? But until then I'm I'm gonna wait and I will possibly short this because of everything we just talked about this area Uh, just just uh, let me explain something quickly in youtube. I think it's Nice to like ice for sales. Yeah the quickest um The way scott is trading will first off. He's futures trader. So we can't look at some of these other stocks and Cryptocurrencies, but the the way he's trading is he's Looking at the real-time volume within book map. He's waiting for an alert Uh, and the alert will just key him into something that's going on something special that's going on within the markets Uh, a stop run or an iceberg, uh, like a major transaction there scott heavily uses that and then he Uh, is alerted by that Then he goes and looks at the instrument and then he looks at the bigger picture the order flow What is it doing? Uh, and then he'll he'll decide how he wants to trade it at that point Right, so I mean you should always know the bigger picture before you start trading in the morning So you go over your markets that you watch and just to have an idea of where you're at, right? So I knew just from the last few days crew for example I knew we were right in the air right before the open So and I knew if this got above this this was going to be a major pew That's exactly what happened, right? And then you wait for your real-time volume setups to go along Or to trade trade your your trade plan, right your your thesis for the day So where I messed up on this trade too or this should have been a much much much bigger You know you can see here So this is where I got out the red lug at the time, right? But here is where I had the opportunity So I originally got long off this stop run you can see This was to something was you can see on here to 210, right? So this is the great thing about the iceberg or the stops and icebergs on chart helps you draw your zoned Right, and I knew we were above the yellow lug So as soon as we got an atr out of here So it'd be nice to like ice for flies. He has 150 compressors when we got it at the time the atr was like 20 something 21 or something So I bought I had my order resting right when I bought it a new setup occurred And that is awesome as far as risk because if I just would have been filled on this I would have had to put my stop an atr below this zone But then that's gracious Sort of means in a second So then this fired off right when I got filled so what was great about that is I could then trail my stop an atr below You can see it was actually right in the middle of this zone I just moved it out outside here and I was going to make I was basically saying for this market to come back and stop me out They had to get through this prior stop zone too, right? But the point is I was able my stop was down here I was able to move it up off this new setup Or I made the mistake because I only had a couple on right I only had a two lot on like I was telling you guys. I'm not you know, obviously trading huge right now That's fine. But when when it did this And it came back into the zone and patented retest fail I should have added right in the zone right where I originally got in because now my stop Is just below this right so I could have put on more size is what I'm saying And I and I should have because I had an opportunity because of the new setup If there's no new setup, then no, I don't put on more size But this this a lot afforded me to put on more size and I didn't do it I glanced at it and I just didn't do it and then just rips right and then I you know I got out the red lug and then you can see here. There were opportunities to get right back in this thing So you had stop run. It's never gotten into here below your Stop run stop run. These are all stopping holes Right. It's one of my six setups that I trade off of And then here we are now so you could have added to this trade as well So I You know, I had a lot going on and trying to you know, get ready for the webinar as far as looking at all these markets So I kind of dropped the ball today. So they should be an absolute huge day So I mean we still got a lot of time left, but Kind of start especially in this market. I mean in Yes, I'm still sitting over this. I just love like the days that I miss the trade like so if I'm long, I have to go through this for three hours, right? And then the days that I wanted to pull back and do this so I can get in it just It just keeps going up. So that's just trading guys. I mean, it's you know, I complain but I've seen this a thousand times So I would do expect but if this pulls back here and I get us the short side or a long setup I'll go along there's just nothing here, right? And we saw that relative volume It's look at this relative I'm right now. Look how bad this is Look at this. This is horrendous So like I said, if we get something up here a signal I'm going to go short just because I know these algorithms are going to revert this thing eventually We'll see what's going on. So I would love one more pop up one more spike up Get a signal and then short this because again with that kind of volume these algorithms are going to snap this puppy back Eventually and we're right here too. This is a great area to short And then I'll look for areas Go along once we pull back If we pull back we should pull back All right, let's see what the heck is going on in this market My buddy, sorry, you can see it. So this is monster. This is huge ice, right? This is my thresholds 150 for this market and we're at 500 You don't see 500 in here very often. So you definitely want to take note of this area and we also know Just went over the bigger picture why this area and I actually think we're above this zone now. So this could be Go time on the long side as well. So let's draw this zone I really want to trade this area because of the size, right? So you got to remember guys Don't get confused and even the guys in my trade and we're always like, well, you know, what are they doing here? Are they doing this? Are they shorting? Are they covering lungs? Are they get are they hedging options positions? It does not matter. You're never one. You're never going to know what they're doing ever unless you work for the firm and you're the trader, right? The area is important. There's two sizes of this trade There's someone selling it hard and they're running into a mouthful of biosperes All you have to know is the area the area is important and how the market reacts to it That's what you need to know make it as simple as possible If you try to dissect every move in the market, you're not going to make it It's just you're because you're never going to know what what every move means nor do you need to Make it simple know your areas wait for the volume setups in those areas and trade those areas And then control your risk and know where your targets are And that's trading, right? That's how you make money trading Talk about it every week the more stuff you have on the charts the More likely that you're not profitable or you're not going to be profitable All right, so let's take one quick look here here. I just want to see if we're through this zone I think we are yeah so you can see This this just keeps going right this was a good place to potentially short So this is exactly what i'm talking about guys as far as if you are a bar chart trader, which is what 95% of people You know 5% are using a book map would be my guess Maybe 10 right if you're just looking at this you automatically short this area everything we just talked about remember I was just saying I wanted I'll go short if I get a setup How many guys have the same exact zone drawn huge directional conviction huge directional conviction directional conviction Hey, we're back here straight beeline move. I love this and that is you know as far as Technical stuff. This is a great area to short But there was nothing here Volume wise for me to short it. So I did not take a blind short in here Do you see while you use the real time volume to confirm your areas now? Whoever was short in there. Maybe they're still short and they're like, uh, this isn't going much rather They have no idea that some big money came in here with 500 ice by icebergs That is really that's the information right the charts are you know Navigational, but this is the information you trade off of so now if this holds I will gladly go long this right as long as we built new lows. Let's take a peek I can go to for the Ludwig levels. I always get that question too It's Ludwig levels.com go in there. She's gonna recite from 1972 I always make fun of her about it. She says it does what it needs to do Which is true say you saw it on the book map webinar and you get like more products than normal and discounts and so on and so forth So you can get in there, but and you can see here. We've drawn new loves So now remember I just said I was hesitant to go along with that setup down here into the red lug Well, now here's new luck. So now the next target is that so I and we know there's huge ice here Right if this holds and goes I'm going long because we're also above the yellow lug now And I know we're through that zone. I'm going long aggressively. What is aggressively? Well, it used to be 90% of an ATR and now I'm going to go outside of an ATR, but meaning So right now the ATR here is There's a 4.26. You can see it right there. I can't move my cursor there, but it's 4.26 So we'll say four nap points, which is actually a very high ATR for this market. I will They'll put me at 22 to go along this market And I'm okay doing that because the red lug isn't all the way up till It's 31 So this is almost like a one-to-one trade. Obviously, you know when you're trading you want to get two to one or more when you're taking your trades But there's enough going for this trade. I'm willing to go one for one meaning my risk is the same as my reward here Pretty close anyway So I will go along that and I will watch You keep ripping I will watch the red lug 31 25 I'll also watch the top of this balance, which isn't too or this market profile composite from the past This one here but We'll cross that bridge when we come down. Let's get filled first and then I'll make a decision on that But this is a good trade. So that's my aggressive entry The other entry I use is the conservative entry and that's retest fail you know, if you Say we're below say we're below the yellow log, right? That's where I use conservative entries to go along It's this would be long stuff. I would wait for the full ATR. I'd wait for the retest then a fail Then I would go long This in this instance, I'm going long aggressively So hopefully that makes sense a little lurk there in case I get filled so I don't miss it Just come in here note So the sound we will know if I get filled so for some reason if this fails, right? So I have two two distinct setups for icebergs. There's more than two but the main ones are Titanic meaning it's very technical meaning Market ran into a iceberg and it held goes higher or broken ice meaning big money steps in and is wrong And we've determined that by the full ATR out of here, right? So if this gets Because we're above the yellow log I'm going to wait for full ATR if this gets a full ATR out of here to the downside Well, this is now a bearish setup But I will wait for retest failure to get long or to get short. Sorry, right Because we're above the yellow log. I will go long aggressively, right? So I'll still I'll still play this either way But play on the downside. I need a full ATR retest Right, and this is not the best short short area either, right? Because of what we just talked about with the zone We're through the zone But we could right if this turns into broken ice right here This could pull back because remember what we talked about resistance Is now support so I will if I do get short here I'll watch it pull back into the zone and I'll be looking to peel out, right? So we're day traders, right? I mean, this is obviously a very bullish market right now But if the volume tells me to go short, I will take a short and watch what it does back into the zone I don't think that'll pull back, but we'll see again. It doesn't matter what I think I come up with ideas my ideas are wrong all the time. I let the real-time volume You can see we like popped out of here a little wasn't a full ATR But this is holding and it should hold right because all the traders that decided they were going to sell here Are ran a new a mouth full of icebergs and now every time so now it ran against them So when it comes back, they peel out of their trades, which leads to the next wave up That's the whole idea between retest behind retest failure ATR retest failure You got a little tick straight going off here so you can see that again This is this is a meter that tells you as an algorithm that tells you the size of the Order or the speed of the orders coming through and the size and you can do this meter from 1 to 15 I put it at 11. So I'm not hearing every single tick in the market But it's just good to hear especially like if you're you know, if you're not watching The reason I started using this thing in the first place is because Like literally 12 years ago is because if you're not staring at a screen You don't know what's going on there and that was before book map and the alerts and everything else So I would be alerted to hey somebody's buying soybeans and I bring the chart over right? So I still have this again I call water waterboarding because it's such a torture treatment when it's going against you because you tingle all senses I was talking about this in my trade room yesterday, right? so it's like you have a you have a position on and you It was to say I'm short and you you get to watch it going against you You get to hear it going against you and I said I might come up with a smell factor where if a trade's going You have like a little smell box and if a If a trade's going against you it'll smell like a skunk or some disgusting smells And then you could tickle all of your senses you get to see it hear it and smell it So that might be my new invention. That'd be great people Smell their bad trades. Is that a good idea Bruce? You like that idea? Yeah, if you could pull it off I mean why not I'm already being tortured might as well throw another sense in there Let's see what's going on here All right stuff's still coming in here Reactive today Now you got a double whammy so what I can do here One of two things I can either cancel this order Draw this new zone trade off the new zone the same way I just traded off this zone What I'm going to do because this ice was so big I'm going to draw this zone I'm going to enter where I was originally going to enter off of this buy ice But now I can trail like I just showed you the crude right. I'm going to draw this zone here Based on this. This is a double whammy Ice stop runs and this sell ice so now sell ice is coming in and it is what it is right It's like what does that mean? It just means somebody something big money's selling it now It just means the area is very important So the point is I'll still enter long here But now I could trail my stop below this zone that I draw right now. You'll see right here There's your stops. It's a great thing about the si on chart as well. I hope she draw it I don't know why I'm not seeing the sweeps in here No, that's why because it's at the 500 There you go. And now you get your little sweeps How great is this to help you draw your zones, right? You can see the little black dot sweeps Beating I use black and white for those because there's just too many colors on my chart Meaning that the responsive sellers you mean the buyer So the the blue bubbles are the market orders and then the dots are the basically the orders I was sitting in the order book, right? So responsive sellers. So that's all that's telling you So that was a stop run obviously running in the response of sellers Let's draw this zone real quick Hey, I get to get tortured for that trade I didn't put on But seriously this thing is going to move 50 points or more and I don't I'm just going to have to watch the whole thing It's very upsetting. All right. So when you're drawing these zones, remember You can see the sweep here for the stops, but you know incorporate all of these prices that were in this spike So we'll draw that down to here Somebody got two different zones. So what I was saying is I'll still keep this original Bystop in based on this light blue zone That was that bias if I get filled I can actually trail my stop an atr below this most current setup Right instead of having to do below this This one the same thing that I should have done or I did earlier in crew, right? So let's see if I could feel if this fails though. Now this is getting interesting on the short side Right. I mean, I know we're through that zone But if this is so bullish this should this should hold if you go and hire This is what I'm telling you like if you're staring at this chart You're like Start here This one this one like this. I'm not shorting this thing. Oh, this is going straight up Or it's just straight directional conviction up. Yeah, it looks like it there But then you look at this well the real-time volume I mean it hasn't been determined yet, but if this fails that means Cell ice so you had to stop around this is the dumb and dumber the dark blue zone the cell ice wins And the bias is going to be wrong. How important is that to know in this area? If you're just staring at that bar chart, you're thinking this thing is going to the moon If this fails something's up and this is probably going to pull back dramatically would be my guess, right? So I'll go along if this can hold but if this fails if I get atr retest failure I will go short with both hands as they say because I know The cell ice was right. This cell ice was wrong. The area is what's important. I'll go short We have no idea what's going on here if you're staring at a bar chart or any other chart Like I mentioned every webinar for three years. This is the most important thing the strongest edge You can possibly have but I've ever seen in futures trading We'll wait for that. Let's let's put our alert in atr below here. So just if it goes there, I know 4.29 is your atr I will put this at four We'll put it at four. It's just so I alerted In case it does come down here like that a different this one's a little more annoying. You can hear it It's not annoying, but it keeps going off and it does get annoying a little little bike belt So what meaning because we're above the illog, right? I need to see full atr which will alert me And then I need to see a retest and I need to see a failure. Then I'll go shorter. It's actually this zone here Boom boom Actually, I take that back. I want to go in atr below this zone most recent You always want to default to the most recent, right? So the bottom of this zone is 17 quarter All right, 17 quarter So 13 quarter I will get my alert If I get fill I'll know as well and I'll go long and then I can trail my stop based on this dark blue zone Basically the same spot as my alert. It's going to be so We'll cross that bridge when we come to it So I did so this is the So I did a couple more. I'm doing some experiment before I forget So this is the apex funding and I can tell you guys I did this because there's all these funding companies out there That are basically just trying to take your money in these in these tryouts knowing 95% of traders fail So on and so forth, right? So I did this one for You know my room and you guys to determine And If it if they're legit and they're legit. I already qualified for one I was telling you guys this last week and I was actually supposed to have a webinar yesterday But we changed it to next Tuesday monday's labor day Um, so they're legit. I qualified for the one I got funded within an hour and I'm doing two more and I'm doing different strategies But so anyway, I did catch this crude. I made more on these but while I'm On here and remember let me put this in here this is Our link put it in the room This next Tuesday at noon. You can go in there. The guy's gonna talk all about it I'll talk about my experience with it because there's some stuff you need to know. I'm not going to get to it right now Um, but you know, I did it firsthand just so I could show you right I'm not gonna I'm not gonna promote something that I didn't do and I so I wanted to qualify to make sure they're legit Right, I still haven't been paid because you got to trade 25 trading days to get paid But you get like 90% of your whatever you make so on and so forth Anyway, we'll go over it on that webinar and you guys can ask questions on and so forth So that's next Tuesday at noon. You just didn't want to forget that But here's the yes. Um, yeah, I just won't pull back more than a couple points. Shockingly This is where I should have been in and enjoying this Run instead. I'm getting tortured And can't get one single pullback But this is the mark of a trying to update right 2300 is your ADD. You can see this tick This is the stuff you look for to determine. Hey, I don't want to go short today I still go short because of the volume is so bad. But in a normal day, this is the stuff you want to see 2300 anything over 2000 this trend update this tick NYSE tick cannot get below zero And it basically was hanging at at extreme plus a thousand now This is the 5000 plus stocks in that in the dowel universe. It's telling you if they're upticking or down taking well, you can see there You know net net It can't get in under zero. You do not want to be overall going short if this thing can't show It can get below zero like this was yesterday, right? It's not confused people. That's today These are all things that all all ingredients that you want to add in to your trade ideas What you're looking for where you say I'm not going short this market until this can prove and get below here I'm not going short this market until this can get back below 2000 or the Vic starts to rip so on and so forth, right? So Again, every trade I put on I try to post in my room as long as I'm on top of it I haven't posted my last couple days but I'll get on that You can go in and see. Hey, what did the tick look like? What did ADD look like when he shorted here? Why did why was that a loser? Like use my trades as like they're your trades to come up with your own trade plan like I was telling you guys earlier So there's just been nothing in here to do anything though since the opening drive, of course Same one NASDAQ just nothing nothing nothing doing except for the big money gets their fills as usual So that's the first liquidity fill Can we go over this every week too? This is next Again, this is not hey while there's big there's big offers in the order book I want to be a seller it's the exact opposite You want to you want to find areas to buy because these guys will get the market to their orders Because they are the big money and they can push the market into their orders How do I know that because that's was my game for Three to four years when I made millions of dollars that was a game I played every single day And you know, I keep repeating myself in these webinars because there's new traders, but This is how like my setups are not based on hypothetical stuff My setups with the si indicator in the real-time buy-in is based on my training experiences of our trader And how I used to react how other trader how I used to watch other traders react And like I said, how I knew that is because back then you get the counterpart You see you would see exactly who you're trading with so if I bought a thousand I would look over and I would see it was you know, how seven one four I think they were female back back. I can remember this was 20 plus years ago, right? But that was really important information to know and of course they did away with it because Guys were complaining that everyone could see what they were doing as far as their size and stuff But it helped me understand what big money was doing what locals So I was a local that's just a you know, basically a day trader that traded for a firm I can see, you know, when they were loaded up if I bought 3,000 And then I because I could put up on up to 3,000 at the time I look over and I'd see 2,200 of those were my nemesis at the time 990 well, then I know okay because I trade against them every day. It's like a poker game, right? I'm like, well, this guy can only put on 3,000 total too So I almost got him at his max if I could push this market a little bit in his face He's going to puke it right so the point is all of these setups are based on my real My trading as a large trader, right? So it's not hypothetical stuff Do you see what I mean about the waterboarding? This is what I have to listen to not being long so this is literally be going off for an hour and a half straight And I love it, but I hate it. I hate it because I don't like Listening is it's just like it's I liken it to being waterboarded. I've never been waterboarded, but it's got to feel just like this This I mean it's just not a single pullback Scott, maybe can can you cover a little bit like um since um You missed that trade and I don't want to you don't need to cover that part, but like uh Because I know it'll it's upsetting Uh, but the point here is like if you had been in that trade um And now you're looking for another trade. You you I really like the way you treat it as a separate trade and then you manage your stops Accordingly uh all all stops now to that second trade And so like if you if if you if you got a new setup here, um going long, what would you do? Right, so if I would have got well right now, we're at the red lug So I'd be out right now So I'm not going to complain anymore after we we've already tagged this So even if this goes up another 20 points, I can't say it's still be in it I'd be out right now. This is the whole reason I'm still going to go short right here even though it does look trend up We've already talked about this we got red lug prior mocha profile composite extreme standard deviation. The volume is terrible I will go short. So I would be out of my long but back to your original question Here we go 712 convert Finally 712 contracts Literally, this is the first signal in an hour Nice double whammy Exactly what I wanted to see I just want to see this get over threshold So this was you know back to back so you can mark this as threshold my threshold is 500 This was right at 500 right 306 192 Then you had this was not quite threshold, but I could still draw this now And I'm going to trade off this to the short side if this holds Based on this stop run and there is some cell icing there too You can just see him buying the crap out of this thing But my torture is over because I would have been out right now of the long We'll go over with your questionnaire in a second. I just want to make sure I get this one correct So this is not correct, right? Just because here's the swipe That's why I do it originally but you got to make sure you get in I mean, I'm not using this because this is threshold But you got to make sure you get both these stop runs and you can see there's still prices in here that I neglected So now I gotta Remove this and I make this wider Make this a stop run color And this is barely threshold too But I mean there's enough going in this area that I've been saying I wanted to short it So if this can hold and move lower, I will short this market. I'm not expecting some huge pullback Because of the the internals But I think we can pull back Because of the red log market profile composite and so on and so forth. So The way I trade red lug because it's so powerful red and blue I will enter this aggressively to the short side So I was saying before if we're above the yellow lug and I get a short setup I wait for ATR retest failure. Well, if we're at the red log, I don't need to see full ATR retest failure I get in Then it goes in ATR. I'm in Right That's what this holds if this hey this busts up we break out of this and we build new lugs Then I will go along. It's fine. It's got to prove to me you can do that I don't think it has the power to do that even though this is going crazy for an hour and a half That's because of this This is this is sick I'm very surprised. We're continuing. This is all continuing with this kind of this is look at this This is like 50 percent of normal volume 50 to 70 percent This is not, you know, usually if you see this say monastic You don't even want to be trading right because it's just algo city So at any any point now, I'm expecting one of these at least a little bit. We'll see that's what I expect I'll let the market tell me if this gets an ATR above the zone Then it's a bullish zone and I'm all I need is to get is the new lugs and I'll go along I know that's contradicting what I just said about the volume, but obviously Something is different today. So we'll see This is a tarn here is 6.44 So if we get six and a half points above here, this is officially a long setup So that puts me at 52 quarter All right On the downside, I will short this aggressively because what we just talked about it's six and a half points below here That puts me at 36 quarter So that's step one We already did the steps, but I want to look at my risk now too, right so ATR so if I'm getting in at six six and a quarter points below or six and a half points below here When I say 36 quarter I think this is right. We'll check it here in a second because you guys need to be using this as well 36 quarter All right, so now if I'm risking if I get filled on this short we ice to li ice for itself 153 contracts I would be risking an ATR above the zone, right? So that's six and a half six and a half. That's 13 points plus the size of the zone There's another three points. So that means I'm risking 16 points All day on this trade if I entered so then I go to my risk spreadsheet And I say you guys should all be using this we go over this every single week You know, this is part of my trade room if you that's one of the perks of my trade room There you go if I'm risking 16 points, I could put on a three lot Very very important. You do not want to be risking more than one and a half to two percent of your entire trading account on one trade If you do you're over trading and you will eventually blow out your account I will guarantee that All right, so this gets to 52 quarter as I always said six and a half 52 quarter Then this is a bullish setup and then all I need to see is new loads and I'll go long on a retest Remember I'm not going long until we get new logs here Ludwig levels I just we say log someone in the room came over there because so I don't have to say Ludwig levels. There you go I don't know why that true. I don't know why the yellows way down here. That's really strange Hmm, I didn't restart my logs today like a lot of times in CRH you got to restart them That might be the issue but either way We have new logs So the next log is up here at 70 the red log So if this turns into a bullish setup, I will go long It's still in good an ATR above here though, right? So this we still don't know what this is This is how I determine might one of my the six setups. There's the dumb and dumber the double whammy Titanic broken ice stop and hold and the unicorn Step brothers step brothers is when you see Stop runs and ice in the same direction, right? So buy stop runs and buy ice So I'll stop around and sell it so ice step brothers It's the new new setup and I'm really going to work hard this weekend and getting the news the new course out the new SI indicator course that will cover everything Right the one I made is still very relevant to learn your setups to learn the thresholds and everything else But I'm coming out with a new one. I'm going to work over this memorial day weekend I'm going to try to live on my golf and finish the course. So if you bought the prior course Then there will be a deep discount for it And I have all those emails and stuff. So but that'll be available and then I'm going to put out another course Hopefully I get that done too of the four important areas of charting, right? So You know where I draw my zones, so I'm praying I can get that done this weekend But I just I got to get on I've got to finish it. I've got it's just there's just so much more now So it's going to cover everything right it's going to cover The SI indicator it's going to cover the on chart, right and all these different All right, so this did not get above here So this is what you see a lot of times, too We talk about this like if you're and this isn't that heavy of liquidity, but it's still liquidity So when we get up here, so say you were long and you're not using loves or whatever you're using You keep an eye on this liquidity many times when the market gets to the liquidity It won't fill first time because the algos pick it up and then they run it away because they want So I go over this every webinar too if I were to drop a 500 lot in here right now This market would scoot away from it right as the algos picking that size up and running away trying to make this person chase it And then once they fill it then they run it right back, right? So the same thing happening here. They don't know that this person is not going to chase anything It's been in here this whole time right since this morning so But what my point is many times if so if you are long here and you see get up to this liquidity And it starts to stutter I would get out of some because the algos will front run that liquidity and push away first time This liquidity will still get filled but you may have to endure torture treatment as it runs it away and does this Instead of just getting out of some you know, this could come back here four hours later Like if you want to be tortured for four hours and be my guest and hold it the whole time um Scott, yeah, I just wanted to let you finish on the algos there. There was questions about that and then Adrienne is informing us that Some of the lugs have changed already on the yes Yeah, well, that's what I that's what just happened here So what I should have done today. I don't know if this was already I should have restarted my sara chart, but these Just confirm with them. Adrienne are these the correct lugs? That's first and foremost Secondly, I just lost my edge. Hold on a second This product I used to find enough rover bottle over sold us show you that as well And it is available now too. We'll talk about that too last webinar a couple webinars ago I was saying it wasn't available to the public And that's this right here So this is not over bought it was a while ago 905 central But I use this all this is showing you this is a taz product. It wasn't available, but you can see this in my room as well Um, you know, this is showing you for instance, this is s and p 500, right? So it's telling you Five-minute task boxes, which is just mini market profiles, right? So when this you can see every time this thing gets above I think that's what it means. Um, you know, when you get right above This is the 67 line just meaning 67 of the stocks, you know This is not showing that right now, but our above or below their task minute boxes, right or taz five-minute boxes So this is just telling you if things are Stretched out, right and then you get these reversions every time it gets above here, right? It doesn't happen all the time immediately The point is you don't want to be initiating trades if you see like you don't want to be initiating long As if you see this up there even though today is a different day and the mark kind of just held there Most times you get you get extremes and we'll pull back and you could fade it, but you know Most importantly, you don't want to be initiating longer shorts if you see that thing over a bottle of soap So we'll watch that as we go up here. All right, so I am filled here So this is what we were talking about So I traded this long off of I just kept this in it was off of this big buy ice All right, and then this came in after and I said I'm willing to keep that in there But because I can now trail my stop based on the newest setup, right? This is kind of a different variation what I normally do, but you know I was willing to take that because this market is so bullish. So we'll now go a full atr A little outside an atr below here atr in here is currently This is amazing. This is the first try I put out. Isn't it? It's pretty weird 4.11. So I'm going to go four and a quarter points outside of this dark blue zone All right, so this was at 17 quarter. That's 13 quarter 13 I'll just leave that there. That's my alert. So I will stop this out at 13. Okay, so we're long that Let's just take one more look at the lugs. See where we're at here All right, we still got some room to go to this red luck, right? 10 cents So the one thing that worries me about this long is this market profile composite. We're right here, but This market's obviously very very strong. We got new lugs. We got the volume setup. I'm okay Video recording or my I did the voice recordings to for my setups or I tried to for my room. All right What am I doing here? Okay. Yes, so we still haven't gotten an atr above here. So I'm still going to short this if this Doesn't never got an atr, right? So I'll still short this thing. So any questions Bruce? We haven't really done questions I don't know if there's been anything No, I've been answering them in youtube here. Let me get to discord one lot. This is disqualified as a short No, no, he's just talking about he he was um looking at the add and Paged 25 plus 2500 Um, just looking at the internals Okay Also, if you could put that link to that webinar next Tuesday in youtube, I don't know how to do that So if you can do that, that'd be Yeah, sure. Sure. Let me um, uh, let me let me get it from you. Um after the webinar Scott, um, and I you know, I saw you you're looking at some of those domes the the rhythmic domes Just want to mention Actually, guys, I mentioned a lot of different things in here. Um, first off We're releasing the new liquidation indicator that I spoke of for crypto That shows not just I mean scott's looking at stops and icebergs. This is actually going to show Where traders Are forced to trade by the exchange the exchange is actually liquidating their positions due to margin You think that's an edge? It's unbelievable. I I can't believe they're giving out this information. Um, So anyway, look for it. There'll be an email Around 4 p.m. Or 4 30 p.m. Uh today, uh, it coincides with the, uh, uh trivia We'll have a trivia event later today at 4 30 p.m. As well Um, and there's a video for it that that that is actually scheduled in youtube premiere at 4 p.m. Uh, so Okay, so I got over I got through trivia. I got through Uh, the liquidations release guys take a look at it. Even if you don't trade crypto, it's it's amazing You just need global or global plus. It's worth it. You download it install it check it out Everything is free if you have global and global plus Um, the the other thing I wanted to mention Um, and I cannot give access to anybody right now But we uh have a new dome and also it's called dome pro and also an execution pro Releases that you'll be able to trade right from the uh, well, you can trade right from the dome as well right now In book map or from the chart, but this is a really robust dome That will be released in june, right? So, uh, you don't have to trade from you know, rhythmic, uh, our trader pro or Whatever just just wanted to mention that It will be released soon and I'll have more information about it Cool. Yeah, the I'm not real excited about the crypto thing because not that it's not incredible It's because now I'll get no sleep because I'll be trading crypto overnight and I need my sleep Next lot of purse appreciate that just just put it in the golf all right, so this Put a put a laptop in the golf cart or something. I'm sure I'm sure traders do that now I look I mean I do look I have put on trades on like through my phone, but Yeah Usually if I'm on the golf course, I need to break all right a couple more a couple more ticks Then this will be a full atr above here and then I can go along out of retest, right? So the reason I'm waiting for a full atr retest failure is because actually I should be Take that back because we have new lugs here Like we're above the yellow lug. I was thinking when we drew this what usually happens That's why I don't know if these were correct to begin with Because I didn't restart my sierra Usually when you draw new lugs the yellow is right where the prior red was So I was thinking I want I needed retest fair and actuality were above the yellow lug I should have been I should already be long This setup aggressively, right? But we'll just see that that's getting that did not get an atr above there though 51 50 Let me say this was 45 75 It's made to see 52 quarter The current atr. Okay. It's only six points. So 51 three quarters What did I say it was? Wow, did you see how This is what I'm talking about. This is why I moved it to outside an atr too Like it's amazing amazing when you get the volume areas when it gets a full atr away from there that these elbows smack it back It's just and this is why I moved it outside an atr Because to say I wanted to get along aggressively. Well, that's where I should have been long basically right around the 90% area When I was doing 90% I would have been filled in this thing snaps right back in my face So that's why I've been going outside an atr So technically I'm not long this shit right, you know, even aggressively I wouldn't I wouldn't have been long outside an atr So I will put I will go along here again. This is because we're above the other lug and I'm taking it Outside of an atr above this stop run zone but If this does hold Actually what I have to do now I know this is confusing people because again, I thought the lugs were a different was a different type of setup here So now to a short. I need to see full atr retest failure because we're above the yellow Right, so hopefully that's not confusing I was originally going to do this because this was the red lug and I get I get short aggressively off of the red lug But that's not the case. So to go short. I need to see atr retest failure Which is probably what you want to do anyway today any short setups that you take you want to see full atr Prove and get an atr away from the zone Retest it fail then go short just because we're so this is such a trend up day, right with the add 2300 tick can't get below zero Right, if things start to change the one thing I am noticing here is this look at this vix Right, this vix is not making lows. So that's interesting Right. So when you see the market going up at new highs, you want to see the vix making lows Right or vice versa. That's not happening. So that's interesting. So this could We could Then you keep an eye on this, right? So then all of a sudden you start to see negative 800 negative thousand even any any negative today would be a start of a sign But you see this start making some extremes and then you see this turning over get back below 2000 You can't see it on this right This is telling you something is Maybe up here right as far as the longs may be done that this is just not making lows. It's really strange, but I'm keeping an eye on that With the soybeans and my entry So I the reason I I deleted that crew Remember I was going to go short on that set up there on the stop run because we got a full ATR above the zone So then my this is now actually Let's see where we're at. I could probably go along this on a retest Yeah, remember I didn't want to go along into the red lug Kind of like down here. That's where I got out and now we have new lugs So now if this pulls back to that stop zone I will go along Because we have our new lugs, right? This was not an ATR the stop of the zone was 80 ATR right now is 29.5 So all we needed was 30 ticks above here and it was it's definitely more than 30 ticks It's got 70 ticks above here or I'm sorry 60 ticks So now since we have new lugs I go along Gleefully Wait for a retest fail 30 ticks above here, which would be right here 1410 I'll go along my stop will go 30 ticks below this area. That was this Alert in to know when it retest that zone. Whoops. I don't want to do that. I think I'm long. Yes Not yet All these lugs just like fighting the ATR it comes right there. No Let's see if I can single handily stop this Straight up move for two hours. I'm pretty sure I can Again guys, like This feels terrible to me, right? It feels terrible going long in this I'm sure in the zone too. Hold on a second But you know if this is moved straight up All morning and I know the volume is terrible feels it feels horrible, but I have a plan, right? I have I follow my rules my trade rules. I don't say Having a feeling a bad feeling is not part of my trade plan and that's for a reason, right? I want to be systematic in my trading These algos that you're competing against that are 85 to 90 of the market. They don't say Yeah, you know, all all the conditions are met here for a long But I I don't have a good feeling about this, right? This is what costs traders Money and why traders don't make it because they throw in their personal feelings instead of trading their system, right? So as bad as this feels if I go long, I'm glad I didn't get filled there again If I was at 90 I would have been filled again Um, you know as bad as I feel I'm following my my set my rules And if I lose on it I follow my rules when you judge your trade when you go back and look at your trades at the end of the day You should not be judging yourself on p&l You need to judge yourself on it if you followed your rules If you followed your rules and you lost that day that is just trading trading is a percentage game Just like a casino. They know some guys are going to get hot once in a while Do they change the rules every time walk someone walks in and and wins a hundred grand off of them? Do they like stop? Do they stop offering the game? Meaning like a lot of traders just stop trading and don't trade anymore because they you know They had a losing day. Do they alter their rules of blackjack because one guy beat them that day? No, it's the same with trading you have your plan You know, you have the edge if you're using this information this real-time volume si indicator information You have the biggest edge in the market, right? And you actually just got a retest of this zone too, by the way So you have the edge so just follow the rules come up with your rules You can use mine or come up with your own But make sure you do the same thing every time don't change them because it feels bad Right again casinos don't change the rules because they feel like they're going to lose that day They know over the long run if they follow the rules and they have the edge they will make money That's how do you think casinos are in business? Be a casino That's the best advice I can possibly give you and that's what traders can't do Right again that trade feels horrible to go along there But I'm following my rules if I lose fine It just gives me information going the other way and maybe them, you know, then I'll turn around and go short If my neck's set up and then I can you know, and then I make a That what I just lost and then some back that's trading guys like You know, if you think you're going to come in here and never lose it's just not possible Speaking of which I missed this trade in gold. Perfect. Perfect. Dumb and Dumber here. Let's Give me something to play him up before I get off the webinar here. Let's see We actually heard this and I just completely forgot about it There and you can see that the swipes sweeps. That's this stop run here large 315 Let's see how much money I cost myself on this one It's just hard to keep track of everything when I'm on these webinars too because I'm on one screen and I'm not like Surveying everything but it is what it is It's just look the whole idea for this is to teach you guys to learn to use these areas and that's you know That's what we're doing, right? So here's the zone. This is I clearly an ATRO away from your ATR and here is 19 you can see right there just move the decimal place one over So this clearly got an ATR away from this zone All right So depending on where we are in the loves and the structure stuff will look at this in a second There's your ATR. This is this one 70 ticks So I may have been in this aggressively will look here in a second otherwise if you get a retest failure You can go short. So that's step one I should already know where we're at bigger picture This is what you should have done every morning before you even start training over at All right, so this This sounds basically dead. I mean we've just been trading up and through here But we can look at our structure here and figure out what is going on. So basically this is just ranging Right, this is just one balance area. We just put in a sewing tail Um make this a balance area. So this this balance area this fail breakout So this is a good example, right of what should have happened, right? Here's your balance multi-day balance Try to break out no go got through the high volume note. This thing should have done. What that what did it do? It held on it held on this is telling me The next big move in this market is going to be that way because of what didn't happen. You see that so even if You know, you're trading yesterday. This looks like this happened yesterday again. I left in the afternoon That the the correct trade at the time is to get short when and you would have made mine This this is a decent move, right? This is an honor text is to look for shorts because of the fail breakout But now even if you so say you got short and you're like i'm holding this thing This should go down to this directional conviction area this balance. I'm holding this say you come comes back and you get stopped out Right, okay, you took a loser there But now that's information because that should have done that instead of we built balance over yesterday last night and today That should not have built balance. So now that's information even though you lost on the short potentially Now you're like this is go time on the long side Random we came up here and there was a real-time buy-in setup that is a very setup right now But I will bet Or a betting man and I am that this is going to be the balance and the next big move is going to be I'm not saying it's going to happen today But you watch this over the next couple days Whoever wants to bet me. I will bet the next big move is Meaning like two three four hundred plus ticks is to the upside versus the downside This had its chance had its chance had its chance. No go It's going to probably balance balance the rip So that's what you keep in mind and then when you you know when everything else agrees Your lugs then of course the real-time buy-in. That's an a-plus trade right Let's see what this look like here I was right off the red log and of course of course it was That was this So if I was watching this even though I think the bigger move is coming to the long side to the long side I would have shorted that stop run. What's my rules aggressively off of the red log? Here's your stop run I would have been in there 20 ticks and I would have caught this and I would have definitely got out of At least one you know half of them at the right at the yellow look Look how good of a trade that is And I completely missed it because That's how I roll There it is So I did hear this go off, but we were doing some months at the time I would have been in ATR below there 20 ticks. I would have made Looks like what 70 ticks to the to the yellow log. I would have been on a half I would still have half on my stop would be above here Right, so this is even though I missed this trade. It's good for you guys to learn like I would have been short there aggressively You could wait for retest failure But just remember like you know Once we get out of this balance area either way is going to be the big move and I'm betting it's going to be to the upside Right, so that doesn't mean again. We're day traders My my bigger picture thesis is going to be is going long or a big move up But you know, it doesn't mean we can't you can't catch moves inside of this current balance area just like this Right, then why was this area important? It's where this directional conviction started, right? This is overnight But all we're doing is building balance. So you could still trade in here But I'm just saying when we finally break out of this That's where you're going to want to be Getting long aggressively with more size And you're not going to be wanting getting you're not going to want to get short On break of this because all the shorts are screwed and we already know what didn't happen. You see what I'm saying But I would I was still taking that short is my point because we're day traders and that Look if that this was truly bullish at that time that stop run should have held AKA stop and hold setup and it should move higher It's just not ready to go yet So you could have taken advantage of that and caught the move back down To the yellow lug and which is right in the middle of this balance area Hopefully you guys are understanding like, you know So when everything aligns like once this thing breaks out of here finally and breaks out of that balance area Breaks out of this red lug I get a vibe So that's an a plus trade because I'm waiting for that to happen then I put on more size, right? But in the meantime, I could still be you know, it's not really scalping but I could be Catching these moves and the real-time volume points you to that. All right, just Bounced around the zone still not filled but I would love for this just to break Lower and get it set up and then I'll I don't have to be going high along at the highs of the day That's not really what I want to do. But again, I'm following my rules, right? Any questions Bruce? A lot of should have what it cut us today to that My favor you can see the little thick strike fire now Again, there's discounts to this thing on my website as well Bruce you there dealer Yeah, sorry. Sorry. It was on mute there. Um, so uh, few questions Do they miss a natural gas? No Okay, so this was right after the number we missed this too. This is threshold Take that back this one here 189 I use 150 you want to see over 200 A lot most times, but you know, you can use 150 as your threshold. This was 189 So that was definitely drawn and traded off the zone. So let's You can see this is one house too. That's this white line But you want to incorporate where the biggest spike is you don't want to be I know this by eye started over here Actually, it's showing this isn't that net But you don't want to you want to be drawing where the concentrated volume was right? So not I'm not because the market reacts so my point is like If this were to stretch to say this was like This just did this right? Well, you want to be playing off the biggest most concentrated area because this could come in touch and then be another like You know 20 eyes 40 eyes 60 eyes. Well, that's not that's not going to stop the market You want areas that are stopping the market even though this Say that iceberg was still continuing in it. You know what I mean? So you want to make sure you're just you're getting the threshold area when you draw your zone You don't have to start it where this ice actually stare where this This one house by eye started. I hope that makes sense The point is just Use your spike areas on that site as I sub chart Just let me know when I'm going into your other guy's time the time guy. I don't want to Go into his webinar. All right, so that's that Yeah, he's he's uh, he gets started right around now But I don't know if there's anything you want to wrap up with scott or You know, I mean, you know look look we're trying to figure this all out As well and it's possible to have two youtube's running at the same time Uh, and you know, we want to build out more and more traders and and more and more different trading styles and different countries different instruments, etc, so Yeah, we're just uh You know do what you need to do basically All right, um, yeah, we'll just talk about this quickly. I just preset it this morning So I lost all my market profiles on it doesn't really matter because we're Way up here. So let's just take a bigger picture. Look, but you can see we're You just saw we were testing that zone and look at this market. It's just nuts So anyway No, this is a short setup that I just drew. We'll come back to that and we're retesting that zone What was right here currently? Well, that's a selling tail. That's instant rejection. So now we're back in here We're retesting that zone. I will go short the zone I would have waited for retest failure anyway on the zone So that was that was here. I'm sorry Because we're above the yellow log, right? So I wait for you to hear your retest right now It hasn't failed yet, but this is there's the zone, right? So now figure out the atr Your atr is 56. That's not fun 56.04. So I'm gonna go a little bit outside there. So say 58 ticks and just go a little couple ticks outside there So last two digits, it's 930.09. So we want to go so 60 ticks below there is what 49 50 56 so like 52 we're all short this Too lot because that's all because this is a lot of risk on this trade, right? But that's what the volatility is telling me. I have to do it again guys. I don't like to risk 100 ticks on my trades, but if the volatility is telling you you have to do that you have to do that We talk about this every week, too Get this in real quick You know traders just don't want to you know, they want to put on trades where they're Especially in the yes, right? I want to put on I want to make for and risk, too What is that that doesn't the market doesn't care what you want to risk? We talk about this every single week, right? The market cares about the volume areas So you better be putting your stops outside. So if I do get short this So I get short this mark comes back with a 56 atr right now Which is extremely volatile and I get short and I put my stop right here What do you think is going to happen? Especially in this market because all I want to risk is 20 ticks, right? So if I put if I get filled on this and I put my stop 20 ticks above here, what do you think? What are the percentage that am I going to get stopped off 99% just on randomness on algalism? Look at this stuff. Look at this Christmas tree Why would you put your stop just because you if you just because you don't want to lose one in 20 ticks? Well, first of all, you're going to lose 20 ticks very very likely unless you get lucky And over the long run you're going to lose a lot more than you get lucky, right? Put your stop an atr outside of an atr outside of the zone Yes, you may say I don't want to risk going to text okay Well, then don't trade the market because if you want to be out of the algalville where it's just randomness You've got to place your stops outside of the Miami area If not, you're going to get stopped out the majority of the time Same stuff every week guys. I know you're probably sick of hearing it But it's the most important thing that is the biggest fault of traders is putting their stops and where they don't want to lose money versus where the market is going to respect So this is a little bit of my direction again, this trade didn't feel good either, right? And this thing is straight up I really want to go long and we're actually in the zone too. I Should look to take one off here, but whatever When is I follow my rules, right? I followed my rules and I got long That's all you can do. You can't be changing stuff as because you feel a certain way You can but you're not going to make money So now you see this is why I change this outside an atr How many times have you guys seen in the last year me get filled on that exact? It just done side the atr because I was trying to save a couple ticks And then I have to then I go through that. This would be already be 10 points in my face So that's why I'm going outside of an atr now I'm going to sacrifice a couple ticks not to have this happen to me Five times a day. So the benefit of that is you guys don't have to hear me complain all the time I'm getting filled because it's been actually really helping NASDAQ and everything else. If I go outside the atr I'm not getting filled the tick anymore, which is kind of nice All right, any other questions bruce? There's a lot of talking today and not a ton of trading, but you know, it is what it is I still think it was kind of educational Yeah, no, it was it was great. Uh, I think I put my the link here into the I know I did in youtube here. It is in discord if you guys didn't get it Uh, and you're interested in reaching out to scott. You got his email. You've got his website, etc Um, they put the trick you have the trade room one because I got like private messages. It's it's in there Um, guys if you want if bruce doesn't forget to put it in the youtube channel the webinar link for the Apex funding trader funding just email me and I'll give you a link I'm gonna send out a mass email too for people on the subscriber list, but if you don't get it It's in the discord room, but the youtube you two peeps you can send me an email I'll send it to you, but bruce if you can put that in there that would be appreciated too. Yeah. Yeah, I will So I know that's not part of book map, but trading is part of book map. So I mean, I think that's a good way so again guys like even You know, even if you're testing outside Like I know guys don't like to trade because you start out obviously on it's paper trading, right? And people are like, well, I don't I don't I don't react the same But when you're paying to do the thing you still got some skin in the game And you still aren't going to want to lose and it should feel the same It feels the same to me being right and wrong, right? Like that that's why I was always able to trade bigger because it's not about the money or the size to me It's about being right or wrong So at least with that if you feel like you trade differently with nothing on the line Which a lot of guys do well at least you have something in the game Or if you're wrong you got to re-up or you got to pay this subscription every month So you're still not going to want to lose is my point So I highly recommend doing that especially if you're struggling or if you know You don't have a big enough account, right? Why risk your own money learn what you're doing on that and then So if you lose you're not going to be losing a ton You're just going to lose in the subscription fee, right? And if you make money then you're funded like it's a I think it's a no-brainer to do But I just wanted to make sure that it was legit That's the point because there's a bunch of them out there And most of them are geared towards taking your money in the subscription fees So but you can ask all the questions you want on the webinar and I'll go over my experience with it as well Yeah, also send a tweet Scott and we'll retweet it Okay Yes, I will All right, if there's no other questions And again, I'm just waiting, you know, as long as this doesn't violate this stop zone This yes stop zone to the downside or this Yeah, this wasn't a double. I mean it wasn't quite a sell-ice threshold even though These were two back-to-back. I guess this was threshold. I didn't even see this Sorry guys, so let's just make this a little bigger quickly So you guys have accurate information. I was just looking at this spike. It wasn't threshold But you had 400 and 500. So this was a thousand. So this was a double whammy actually So it's buy up by stops Into sell-ice, right? So that's the accurate zone there Just change colors here, and then I'll hop off and hand it over to the Tom dude So that's the accurate zone there. So it didn't really matter to my buy. I'll still go long, but for the short You know, you want to see this if you want to write down on the bottom there So for me to go short, I need to see full atr in the bottom of this zone retest fail Then I'll go short Other than that, I'll go long and my stop will go outside of an atr below this current double whammy zone And then I'll go short that natural gas Again, that fails as I'm telling you keep an eye on this market, man It is a great market to turn to and then obviously There you go. So you didn't see later savings So quickly where I'm looking to get out of this some of them We are an important zone, but look what we're around right? I'll get out of my rule As I get out of all of them at the red lug. So that's three more cents I know it wasn't it's not going to be a huge trade, but it is what it is right? I'll get out and then if this is still bullish and we build new lugs And I get a new volume set up to the long side. I'll go long again, but I I don't mess around with the lugs So we're almost up here. I'll be out of everything at 31 Maybe 20 93 quarters. I go a little bit below the lug. I'll just put that in now Pretty much here. So I'll just get out on this And again, I'll wait for new lugs if I get a new long set set up I'll go get back right back in All right, that's my trick hopefully you guys learned a little bit today Again, I do this twice a day on my webinars in my trade room And then we'll be doing that webinar next Tuesday at noon for the apex any other questions you guys can email me All right sounds good. Thanks Scott. If you like the video, please like Or give him a thumbs up here And subscribe to the channel here And just a quick note on some other events today. So Tom is up next if you want to go over and Continue with the live analysis. He's a volume profile trader With bookmap then we have a trivia at 430 and we have the liquidation new liquidation indicator for crypto markets Later today look at the market close And new video etc. It's pretty exciting stuff. So that's it. Thanks a lot scott and we'll Send me that link and I'll put it into this video Okay, cool, and then I'm about to get filled on this too. So hopefully All right guys, I will uh, see you next thursday. Okay. All right. Thanks scott