 The broadcast is now starting. All attendees are in listen only mode Good morning traders. Welcome to the first day here for our bookmap pro trader webinar series all week long, we're gonna have a professional trader presenting and Really looking forward to it. We've had Scott Palsini here today. Well, we had him a few times in the past We have him here again today very popular with you guys So let me just give a bit of a background here if you're not familiar with him he's been trading for over 20 years and at a professional level during the years of 2002 to 2005 years responsible about 10 10 percent of the trading of the S&P E-mini Futures volume, which is just mind-boggling and Anyway now Scott spoke to seeing on that trading both equities and futures and expertise and scalping and order flow Natability to be able to read that very quickly and react very quickly with the order flow and volume price patterns Wrists disclaimer. I need to go through that train futures equities and digital currencies involves substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results Here's our contact information here bookmap.com our Twitter our email Here's Scott's contact information here. Okay. Now. Don't worry. You don't need to write all this down I'm gonna Periodically put it into the chat box in go-to webinar. So I'm putting it in right now So you have access to it. This has Scott's website his email his Twitter account He also has a trading room here with We trade desk comm and then also bookmap is I'm sorry Scott is an educational partner here with bookmap And or affiliate I should say and this is special offers you can get for for bookmap through Scott Okay, so again, these links are in the chat if you're interested in that And other not though this I'm just gonna turn it right over to Scott and let him Take it away Hear me. Yes Okay, awesome Here I'm gonna know when you see my bookmap screen Yes, I see it Cool. Okay. Great. Thanks for having me once again And I think this time it'll be a little smoother with my slides because I've figured out Google slides Never claimed to be a tech guy, but it's pretty easy. So anyway, um, I Wanted to you know, obviously There's a lot to go over in this hour, especially with the new You know the new book map SI indicator add-on which is absolutely incredible and what I'm gonna show you today is you know, my past my past webinars I've shown you, you know screenshots and examples of you know of prior trades or prior action today What I'm gonna do is I'm basically gonna touch on you know, what the SI indicator is and how powerful it is and then I'm basically gonna jump into some live market action. I think traders Like that a lot more where they can kind of see things really unfolding live just to show you how powerful the stuff is So probably did that the last half hour Maybe longer if I can get through this other stuff, but So just quickly my history I've gone over it five different webinars now So most people that have listened to me in the past know my history if not you can On Twitter you can see my I was in a book called enhancing trader performance by doctor Dr. Brett steamburger who will come up in this conversation a little bit But if you go to that you can get the PDF of that book and I'm the afterward and kind of read my history and I'm a kind of a rags to riches Story and then back to rags. So that's why I resonate to with the retail trader nowadays because I am a retail trader I'm not the you know big multi-million dollar trader anymore But I'm on my way back in the way. I'm the reason I'm on my way back is because of book map you know number one Because of the the ability to read order flow So I was talking about before dr. Brett has been you know an advocate of cheerleader mine for years and years and years He sat behind me for a year and watched me trade That was my history back then I you know I started in 2001 I worked at the border trade Chicago border trade for four years as an art clerk and then I moved to the screens and I was trading there and Horrific when I first started and then one day watching order flow on the order book as you see here this dome depth of market I learned how to scalp futures and I learned how to read this order flow coming in the book and There would be many many days. I'd say 90% of my days. I wouldn't even have a chart up I would just trade strictly from the dome right and I have one of my gifts was I have very fast mental processing skills So I was clicking a mouse. We're basically playing a video game video slash poker game every day based on order flow coming in the book So I made you know millions of dollars. I made over a three-year period I made almost 15 million dollars for my firm and myself that we split but then you know 2005 2006 I couldn't make money anymore and it went from literally overnight making millions that I and I couldn't generate a profit And then I started losing and no reason was because the algorithms really started to take hold in the market and That combined with the low volatility at the time Just did I couldn't make money anymore? And I mean most traders can attest to having something that works that goes away. I always thought my gift was there for good And you know, I was I was a young, you know, I was a millionaire by age 30 And I was just a young dumb punk thinking that it was always gonna be there and I had a rude awakening, right? So Fast forward to around 2013. I actually I spent years trying to read that my style to be you know So I can compete at these markets and I was adequate, but I was never I was never anywhere near world class I mean, I was lucky to be making a little bit. I'm one I couldn't support my family though With what I was making so I had to leave them leave the industry in 2013. I had to go into medical sales This is for my family and then fast forward to about a year and a half ago, dr. Brett contacted me about the book map And told me, you know, this is right up your alley. This is what you used to look at and it's just in a different format I think you would you'll find this very appealing and the second I looked at it I knew I was back like I knew there I knew the the key to my Getting back to becoming a million-dollar trader was right here with the book map as far as Understanding the volume and so my whole my whole drive these days is of course making myself money I want to make money. I want to be a million-dollar trader again, and I will be but my other drive is literally helping the retail trader I had somebody and when we get into some of these setups You're gonna see what I'm talking about as far as like the iceberg indicator But I've been posting a little bit of stuff on Twitter. I've been on there very just very recently I got on there and I post on there. I literally had somebody asked me a couple weeks ago He sent me a direct message asking me why am I sharing my edge with the general public? Why I you know, he was bragging that he's known these big fund managers and Tutor Jones and all these other people and they're not even on Twitter why would I possibly get on Twitter and share my my view or my edge and my answer was because I have extreme animosity towards The the algorithms the hedge funds the quant funds as you can imagine, right? I mean they basically it's equivalent to you know having somebody come in your house and stealing all your money and all your All your goods right all your just ruining your family because that's what happened to me So my drive is again, obviously to you know make money But I want to I really enjoy helping the retail trader get on the same playing field as these big funds And that's what book map and its tools it does for traders and when I start showing you this stuff You're gonna be like okay. Yeah now now I understand now I understand why they come out and say Goldman Sachs has made money made money last year 198 out of 200 trading days right now everyone's like what how could that possibly be well It could possibly be one either they're cheating with or they've got the tools that most people don't have and it's the ladder Obviously, I'm not I'm not saying they're cheating But they have they've had these kind of tools for years And now we have these tools right and I know it sounds pretty unbelievable once I start showing you some of this stuff You're gonna you'll be a believer And why it's even more relevant is because this is what I used to do right these games And I'm gonna show you with the size and liquidity and You're gonna this is exactly what I used to do So I know What works and I know I know what the games are playing again It wasn't able to see these games just from the dome or the order book before but now you can't so And then the other thing I wanted to touch on is you know all these past webinars I basically did me using book map and a little bit of the thinkorswim platform form which is free You know I've been showing some V web stuff and But I was introduced by one of my so I do a little mentoring on the side If you go to my website you can see all that if anyone if anyone wants to contact me for one-on-one stuff I do that as well, and I have some products on there, but I had one of my mentees introduce me to Taz market profiles. Let's Taz market profile comma. I'll show here in a second And it was kind of like a book map moment for me where the minute I saw it I knew this is this is the last piece. I needed right so bar chart You can clean a lot of information as far as areas and then when you incorporate book map It makes you know an efficient trader Taz market profile is like a bar chart on steroids right just like You know the stuff I'm going to show you today is like book map on steroids when they've added this add-on this si MBO indicator, so I'm using now. I'm using both in conjunction and if you've noticed anyone following me on Twitter You can see that I I've been posting the setup in book map and with certain levels in the Taz Markuprofile indicators, and I've always said you can probably become a proficient trader a profitable trader Trading just off order flow with book map, but then when you know certain areas that make sense to you Or you know using these market market profile areas That's when you become a powerful lethal trader, right? So the reason I gravitated to the market profile have always been a believer in it because it's what the market is right? The market is volume based on price based on volume, right? So that's what a mark profile shows you the reason I've never really Been you know 100% Advocate of it is because a lot of times, you know, I'll show you this on the charts when I present them but you know like when you're drawing the The market profile areas and the value areas It's very subjective and it's very RT for me And I don't like you know one trader will cut it off one area and people that know market profile Know what I'm talking about again I'll show it a little bit with those still cut off one area here on a market profile area and then another one won't And I don't like that. I want to see what then you know the masses see or I want to see like what the with the big money sees So That's why I never really got engaged in it But then when I started to see this these task market profile boxes, which I'll Once I started seeing This stuff displayed It made all the sense in the world because this isn't just hocus pocus lines on a chart You know like a lot of these indicators are all this is doing is it's just drawing you many market profiles based on the time frame right so you know, there's a 10 minute 30 minutes 60 minutes is what I use and It's just drawing many market profiles. So when you use this in conjunction with bookmap volume Again, you are you are more informed than 99.9 percent of the traders out there. So anyway, this this is why I Started using this when my mentee introduced me knew it and then I met Steve from Tas market profile He owns the site and he he's an educator in his own right pretty incredible. He does live live He's in the chat room as well Let me show you this real quick. All right. So just briefly. So this is this is the task stuff I was just showing you if you go on their site now now working with them just because What's that one commercial where they said I liked it so much. I became a Customer so that that's exactly what it is. I mean, I liked it so much I teamed up with them and the other reason is I've had so many inquiries Do I have a chat room? Do I have a trade room and it's just been such a flurry? I you know again I've only been doing these bookmap webinars for about since last November ish and it's just been so much I just don't have time to set everything up and then do my mentoring and everything else. So, you know this stuff Again, the only thing I ever promote are things that I personally use as a trader that I think help the retail trader, right? And again, that's why I've joined up with them. So This is the site it's mark test marker profile. You know, they have special discounting put my name at the end of it and then This is the wheat trade desk, so this is this is also incredible where I Will be in this I'm in this room. I just started last week. I'm in this room three days a week twice a day It's just a starter probably be more going forward With live commentary like I'm kind of going to do with you guys here in the last half hour Or I'm going over actual market setups actual what I'm what trades I'm taking what I'm seeing So again, I've had so many requests for that It was just a perfect a synergy to you know team up with tasks and then Steve again He's been in this business for you know, 20 years as well and he started the site I think about 10 years ago But he does his education on the days that I'm not doing it So and that's just I'm strictly trading off the task marker marker profile So when you combine the two, you'll be a very very very lethal trader. So um on to the Onto the CME MBO Stuff let me back up here for a second Any questions before I start Bruce? New little break from talking anyway. Let me take a quick look here No, not really People just requesting some of those symbols to take a look at yeah, I know I know you've got him lined up already So we'll take a look and the other thing too. I forgot to mention. So Bruce in bookmap, they don't have any affiliation with TAS, right? So please don't send Bruce and bookmap questions about what I'm showing you with these TAS market profile boxes Or anything I'm showing in the market profile because they have nothing to do with it, right? They have their site. This is a different site if you have questions You can email me he has my information you have my information to be the presentation or task But please the bookmap has nothing to do with TAS as of right now So just please don't trail Bruce the questions because he won't be able to answer him. Thank you Yeah, no problem. I forgot to mention that so You know in my prior webinars we've talked about We just bring up the slides here first instead instead of moving market This is not confusing So we've talked about liquidity Resting liquidity in the market. So this type of thing here and again I'm gonna go back through these slides and show you guys some stuff before I go live but So this resting liquidity for those of you that don't vote don't know book map or new to it I'm just gonna touch on this briefly. This is the stuff that was available when I first started using bookmap Which I thought which I knew I was back just using this stuff, right? So all this is is this is representing this order book in graphical form so When you see this again, I'm red green color deficient and colorblind so I changed my bubbles So, you know when you guys have you have book map you're probably gonna have red green I can't tell the difference. So my colors are different, but basically everything else is pretty standard As far as what I'm using on the charts that you would see but Point is I make mistakes with the colors forgive me because I'm colorblind. So anyway These these liquidity levels are actual big orders in the book relative to that market, right? So I mean you look over here and you're like, well, wait a second. This is you know, like a this is a 23 lot or 33 lot 35. That's not a lot. I mean compare but when you look at This this kind of the algorithm book map uses it is a lot, right? And you can see how the market responds to this resting liquidity in the book So the that's what's visible what is now and then also the dots quickly the dots are all the dots are are The bubbles are market orders. So Aggressive buyers or sellers that are going to the market. That's all that's all this is right So a lot of people look at this and it just it feels like it's overwhelming like it's so confusing It's really not when you really break it down. It's it couldn't be more simple actually So these are just market orders. So I use for my settings Show that here quickly So for my settings, so you right click on volume dot settings I use volume delta 3d bubbles here in my settings again. This is basically Default But I use the delta which shows me the difference between the buyers and the sellers because that's what I want to see That's important to me, right? So when you see big blue bubbles, that means doesn't mean there were no sellers there That means there were that many more buyers than sellers. So hopefully that makes sense Let's bring this back so What is new in book map is What they call the SI Indicator so it's a stop iceberg indicator so the CME has So this is literally from the website if you want to read about right So it's called my market market by order information where they used to use market by price information So here's here's it kind of explains what both our market by price was Shockingly what every other software data provider has right now, which is not When you could look at the difference. So again, this is like market MBL is like MVP on steroids, right? So MBL is breaking down these orders Into individual order IDs again, you can see all of this stuff here Market by price one was only the first ten levels of the market I don't think it says it here, but again, you can go on the site to read it It's only showing you the first ten levels up first ten levels below of the market Which is fine, but you want to know like we're resting liquidity is far away from far away from the market things like that so again rhythmic and Is the only software provider that is offering this MBO? Information which book map then to some as disseminates and gives you these the stop iceberg indicator that I'm going to show you So again, you can go on the side I don't want to get into too much into this and not that technical again I don't need to know what it is. I need to know that it works right just like again I was just the analogy of a light, you know You can either dive into why why the light bulb works or you just know it gives you light, right? So it's the same thing here So if you want to learn more go to their website book map also has I don't have it on here, but they have a Si indicator just just Google book map si indicator and they'll be a in their blog It's an explanation Yeah, this is what it looks like here, so literally they have a blog and it goes through the advantages and Example great examples settings Explains what the settings are for what I'm going to show you some exponential reset I use exponential again going and read about this I'm not going to sit here wasting time explaining this All you need to know is that it works and it's the most powerful thing I've ever seen in futures trading This is so this is just a little more so this is what we need to know, right? So order IDs are unique per order, right and consistent for the life of the order So what what the CME is putting out there now and they've been doing it for three years And I'm the last one thing I'm upset about that I haven't taken advantage of this of this information earlier I mean granted book back didn't really have it But now they do but anyway these orders these stop and iceberg orders have unique order IDs So that's why they can disseminate book map being they can disseminate whether the orders are Stops icebergs market orders every time you put an order in the book It's got a unique ID to it So then they take that information they run it through their algorithm and then they present it in the graphical form to give you Incredible edge incredible levels. So again, this is all in the Just just a bit of a more explanation here It's not that every order. I mean the Market by order data it has it has more data But it's it's not saying like, you know, this is a stop. This is an iceberg But we are able to determine it with the market by order data It's it's not, you know, it's our insight. It's our Proprietary kind of information on that. I just want to make make it clear that It's not, you know, they're not broadcasting you that information Yeah, you couldn't go to the website and get the data and then just decide yourself. What's what that's what book map Why book maps invaluable, right? They disseminate the information. Like I said, they did display it for us as traders, right? So again, this is information that these big big houses paper Funds they've had I'm convinced. I know they've had it for at least three years And I think I'm pretty convinced they've had it for years and years and years and I'm pretty convinced that they've got it it from various sources that It's pretty obvious. But anyway The point you need to know is you're on the same playing field now and that's pretty exciting for most traders that want to make money So here's a couple examples This was that actually this was Friday the again, just Market never goes down and everything's fine, you know the unemployment numbers weren't as bad as they thought they were actually much better than They thought this was the open. I'm on I'm in Arizona, so I'm on Pacific time. So this was the number Close, you know straight up so you can see here what happened here is so this is the stop stop and iceberg information, right? So on my chart Stop cert orange icebergs are blue. So quickly stops are I hope any trader listening this knows what the stop is because if you don't then you're you're going to be blowing out here very soon Because you have to have stops and you're you know when you put an order in the book a stop It's just where you say, okay You put it in after you put your trade on and say, okay if this trades at this level it automatically will so say if I get short And you put your stop here the minute it triggers that price your your order is triggered automatically without you having to manually click on it I mean everyone knows what stop is on the swimming The icebergs are you know, some people don't know what they are They're very simple when you when you know all it is is Basically hidden orders in the book, right? So this stuff that you see in this orange That's a visible liquidity in the book this stuff is not visible So in iceberg they have to display a certain percentage of their order called called like the tip of the iceberg, right? So I don't know the exact percentage. I'm guessing like 10% of the order So again when the market comes to the order in the book you see a hundred lot Behind it is another 900, right? So there would be that would be a thousand on iceberg So all they have to display is a small percentage of that order and then the minute it starts getting traded into the rest of it appears So there's many reasons to have icebergs, you know, the main reason is a lot of the big money They can't they can't put their order huge orders in the order book If you know if they put a big order in the order book There's so many algorithms that are designed to run away from those orders, right? So it's like they'd be chasing up price every time they did that So one of the reasons they do it is so they can kind of hide their with their intentions without an algorithm, you know Crushing them and running running away where they have to chase the price There's other reasons also that they may use icebergs, but it doesn't it doesn't matter It doesn't matter what the reason is it doesn't matter who it is. All you need to know is that they're there, right? so You know a lot of times especially the last webinar I did when I first introduced this and I again I've just been using this for a couple months, but the minute I saw it again like everything else. I'm showing you I like went on it's like oh my god. This is incredible What I was showing another one were icebergs where you always wanted to be on paper side basically when you see so say for instance This was Going up and you see a sell iceberg and then you see it fail. That's a great short second still is but my point here is Paper is going to be wrong sometimes my other my and when they're wrong That's fine again. You don't care if they're right or wrong You care what that area is where that area is that they are wrong where they took a stand? That's what that's the relevant information relevant information you gather for this as well as stops so in the prior Webinar I did that was I think it was like April 17th or something you can Google that just Google book map Webinar or YouTube you can find an idea with dr. Brett actually but in there I Referred to the stop runs as dumb money because it usually is it's usually the uninformed retail trader puking out their position into The smart money the informed money, which is kind of what happened here Even though it didn't work out in the paper's favor, right? So what you see here as a huge stop run and I put the values next to here and you can see here It's all it's based graphically. It's represented graphically too So the orange is the orange you can see here like this spike was right near a thousand You can you can glean this information just by glancing, but I put these in just so you get to the exact amount Because it's important to know what the amounts are because every stop run isn't meaningful, right and especially in different markets So 825 in the e-mini is is a lot different than a stop run in gold, right? Gold if you see a hundred last stop run, it's a lot in that market, right? So the whole point is you need to learn what your thresholds are in each in each market And I'm actually releasing a product this week I've had a lot of inquiry about this as well Educational product that's going to goes over specifically the SI indicator. It goes over 14 different futures markets the thresholds that are important as far as how much you need to see to make it a relevant area As well as exact certain setups will go over a couple today But there's like six or seven setups that you can use in your trading But that'll be posted sometime this week. I'll put something out on Twitter But I've had a lot of people inquire about that. So anyway So these are the stop runs That are firing off here, right? So again, usually I'd say my guess I don't have exactly exact statistics and I don't even watch this for a couple months But in my experience stops in the e-mini if you get over 500 stops It's very relevant if you get over 700 icebergs. It's very relevant So in this situation right here, this was the number that came out You see paper took a stand it blew right through and then the stop run The thing is the stop run held and paper got blown out So you can see when I pull back here it pulled back right into that this area at the top of this area And that that's where it took off from right So you're gonna see a lot of times when these areas get blown through It's just like a retest just like if you're looking at a bar chart Right if you're looking at a balanced area that it breaks down from so many times will come back and we'll test that area Before finally going and there's common sense behind that right? It's because traders are caught Holding their breath waiting for it to come back. So pretend you're this big trader here Say it was one trader that sold a thousand icebergs that just got literally run over for 20 points, right now And again, I'm saying this because I know this happens because I used to do this, right? I used to be able to put on You know 3,000 e-mini contracts at a time And it's a sad story that I always tell is when I had three thousand on if I ever had three thousand on is because I was wrong Because I was defending my position So what would happen is so say this is me as this big trader I get run over for a thousand lot the thing runs You know 15 20 points in my face and I'm about to puke and I'm just praying praying It comes back anywhere near this area so I can scratch my trade and that's what this market action is, right? I mean, this isn't a great example because it didn't come that far anyway, but that's what it is when you see a retest That's what it's retesting. It's retesting these areas that people were wrong that they're just getting out of their trade and scratching their trades, right? So That's a little I'm getting a little detail there But again, just realize as I show you what what's going on here and I'm gonna show you some live examples, too So this was a stop run 787 stops fired off and new almost a thousand icebergs Retested again. Here's another stop run 896 right through held another stop run right here held so again stop runs are usually you can fade them But you're only fading them if they get back below that area if it holds, you know I call this a stop and hold if it Stop run happens occurs and then it holds that area that has a great place to get long So why this is important is again, you can trade just off of this chart in making forum decisions but when you add in The task stuff in the task boxes now you're on the right side of the market, right? So you want to try to eliminate as a trader Especially if you're newer or new to TAS or news new to book map You want to try to eliminate one side of the market, right? So, you know when you start seeing so this was the number of this is that big blue those blue bubbles I showed you at the number In my task charts, I don't want to be confusing here My task charts are based on central time my book maps based on Pacific now I just haven't changed it but all you need to know is this is the number so you see it blow through here, right? So this this had blown out of a 10 minute task box marker profile box This had blown out of a 30 minute and it blew out of a 60 minute So my point being is you do not want to be short this that market, right? So you're looking for longs. So this is where this comes into place and now, you know Fundamentally by the task boxes you want to be long, right? Now you have a buy Okay, where do I get long or where you get long is where you see these big outside orders come in and hold, right? So you could have been long It blows through comes back as soon as you start seeing blue. I mean usually you'll see some red This is all blue you can get long right here. You see another stop run. You see him trying to sell tried to sell Soon as you see blue again, you're in again. Here's another stop run It looks like it's gonna sell off you see blue you're in again. You can again We're hypothetically being long this entire time, right? I'm just showing you areas that you can be long You're basing it all on what's happening in these relevant areas where this large volume fired off Here's another one huge stop now must a thousand stops right again, right? It is to held above it There's no so again if you were to see say you're long from down here now You're like most traders you stop looking at the chart. You're looking at your P&L And you're like holy shit. I'm up, you know five grand I need to get out of some of these you don't need to get out of anything until you see a reason to get out either a Taz resistance area or Mart or something in the actual volume. That's true. That's occurring, right? This is what this affords you this affords you to stay in your trades for very Huge profit because there's no reason to get out of this There was no reason to ever get so you got lucky you got along it right when this pop you're in this You're not getting out until a stop run is wrong or You see some big sell icebergs coming in and they're wrong or buy icebergs Being wrong and again, I'm going to show you this stuff. I don't want to be confusing but again, it's the area not necessarily You know, whether it's a buy or sell iceberg or stop run so The stop run blows through again say you're still long You're still in this trade if this would have you if you would have seen a big blue bubble and then red Immediately below where the stop run that tells you okay There's no real money behind it. That was a retail stop run I've got to be ready to get out of some of this trade, right? And I post posted some of these examples last week on Twitter where I think I was 31 23 area I saw a stop run just like this, but it wasn't a continuation It stop run and then it was immediately below it and my exact words were I would be wary of being long This area because this big buying wasn't real big buying. It was retail traders puking, right? So there's a difference between a stop run that holds or a stop run that fails I'm gonna show you that right here. So and then look over here. Look at this final stop run It was a buy stop run and you see red bubbles So what does that tell you look at the difference between this stop run and the bubbles versus this stop run? This stop run this stop run you see the stop runs are running through people now All of a sudden not only is there a buy stop run that is not showing up as a blue bubble now You're getting participants market participants hitting the bid selling market orders So when you again, this is a stop run that not only usually it's blue and fails this one was red and failed That's like a double whammy. That's that's a great setup where you can get short the minute It gets below this stop run area. You're short your stop right above here So you're risking, you know, if you waited if you waited to down here, you'd be risking I mean again, this isn't live so I can't give you the exact price I think it was like around 97 and then you're risking above this area. So yeah, you're risking 13 points For this exact example, but most of the time you're getting you're getting areas that are you're only risking two three four points in the mini S&P To catch a 20 30 point run, right? And so in the chat room on Friday I actually pointed out this exact and then we we trade desk Chatroom I pointed this out live to the members where this had just fired off came here Retested just like I was showing you're about to retest right same same principles retested failed And then what I said is my next area of my target area is where the last big stop run went up Was right around 80 to 85 and that's exactly I don't have it on here That's that market never went higher the rest of the day and the market sold off right into this exact area at the end Of the day and I based that on the order flow and I based it on So you can see here. This was that spike stop run Immediately task drew a box which now gives you another frame of reference where you can be getting short We're staying short as long as it doesn't get back above this this 10 minute box 30 minute box 60 minute box again now you're using everything in conjunction and now you have a very high Probability trade on right so again to trade it down actually this was the end of the day here You can see traded straight down Down here and then you can see the support coming in on the test level so again if you're short You know, you know, that was a prior stop area You can use that in conjunction with a support area in the test boxes So these boxes all these boxes are The blue and I changed my colors again because I'm color-blind the blue is support a support area The white is pointed control which the most volume occurred at in this box The red is resistance right so again, you're using these in conjunction when you're using your volume and These these areas support resistance areas you can be a deadly trader, right? You're informed most people don't have this information that should make everyone very excited So this is any questions there Bruce No, not not not quite yet. I mean Just people are asking a lot of questions that I've been answering here I've been able to answer but nothing quite specific yet to Set-ups and what exactly you're looking for I guess because you're explaining all that so Yeah, but I'll let you know Okay, and then you know for newer viewers, this is all recorded to see and go back the book map I'll post it sometime today and you can go back and watch this. I'm gonna try to get through this stuff quickly though So I'm getting the live stuff This was gold on again. This is Friday. Just show you I'm not just you know cherry picking from last three months The best situations this is literally from Friday. So this is gold, right? So you can see let's go to the task chart first So you're you're looking at Taz. You're not again, we're eliminating ones out of the market with Taz, right? This is breaking down from the 10-minute balance by area boxes the 30 minute here the 60 minute My point is you are not looking long Especially at the beginning of these moves, right? But I'm gonna show you how powerful You know that the iceberg stuff is where The market definitely does react, right? So say you didn't have Taz and say you're looking to get long You think the saw's over done, right? You can be using these icebergs just for Reversion trade, you know a type of a fade trade. So here, you know, the saw off occurs here You see the stop run The dumb money puke you see by icebergs here. I didn't put this iceberg because it wasn't that much I mean a hundred is is is a lot pretty close to it worth worth paying attention to in gold But when you get in the 200 range for either stops or Icebergs that that's that's very high for this indicator, right? So my point is you get the stop run the dumb money and then look at this boom pops up, right? So if you're short so say you got short on the break of the Taz boxes You could be getting out getting out of peace You're not out of anything until I mean a blue right through this resting liquidity You're still in it. You think you're golden the minute you see the stop run and it doesn't hold below it Like we were showing in the other examples where it held above You get out of some right or get out of all whatever you want to do it comes all the way back And I guarantee you this is at the bottom of the Taz box. I just I don't have it here. I can show you shortly 1694 Somewhere around here, but anyway that that's not what I'm important for this what I'm showing you here Again, if you if you want to just catch the you know, if you're looking long you can be long. This is what This is a hundred tick move This is 10 bucks in gold just bouncing off of this comes down again Here's another iceberg took a stand immediately rejection, right? So again, it doesn't mean you're getting long because like I said for this Certain setup example. We're looking for shorts, right? So You know if you're short you may want to get out of someone you see these relevant areas But the point is you can see once so the market pop this was like a 60 tick pop Once it got below this area Boom, right and it doesn't stop again until it hits the next iceberg Another pop, right? So when when someone's looking at a bar chart These are the moves that everyone gets frustrated with right? You're short you got to withstand this nonsense Where you're just you're being tortured, right? This is one of the reasons I always gravitated to scalping in the first place was because I could not handle mentally Being short thinking oh, yeah, you know, I'm gonna make I'm gonna make 20 grand on this tray No, I'm sure not all the way here goes. Nope. It's not going now, right? I mean every trader could attest to this But when you know why it's making these moves these waves these rotations they call them Instead of just looking at a bar chart and saying wow, yeah, we're rotating This is telling you why you are rotating that is huge information If anything just for your mental sanity It's not be not be pulling your hair out like you think you've got your huge winner Which every trader can attest to this at the end of the day So you're the trader that gets out on the rotation. You were short you end up making 30 ticks when you had a target of 100 You get out you get you get basically blown out because you're you're afraid of these moves And then by the end of the day you look at the market and you stop watching it because you're so frustrated You see it went down, you know 200 ticks. You're like damn it. This is exactly what I thought was going to happen Every trader that is listening this could attest to this. I guarantee you the point is if you know Why the market is rotating? It gives you confidence to stay in the trade or re-enter, right? So say you're short you see the stop run it fails You can get out you say okay when it blows back through this area. I'm back in right comes here You see the stop you see another stop by by icebergs come in Okay, I'm out. So as you see some aggressive buying Okay, I'm out if it trays back below this area. I'm back in you're back in here's another one. Boom So as I see buying I'm out if it trays back below I'm back in so you would have been back in here But then it hit another iceberg So you see buying right here. I'm out if it trays back below I'm back in do you see do you see what I'm doing here? It's like it makes it so much easier instead of sitting here Getting tortured watching these rotations You can find reasons to get out and then it might cost you five ten ticks But then you get back in you know when it reengages so you can see every time it blew through this area These these these icebergs that tried to take a stand it was meaningful then finally You know it popped and then when it broke this area here It was gone and then when it comes back here it actually it stalls The other and then it ends up going up the rest of the day But the point is you would have caught a nice run and So right here you might be saying well, why would I get out right there? Again using tassin conjunction. Look what happened You get this move down It kind of kind of looked like it was going to support and then when you start using this with the stuff I just showed you with the stop Those icebergs it couldn't hold went down and then when this finally drew a new box on the 10 on the 30 on the 60 Here's your support area So, you know if you're if you're looking and then this stuff is a whole another ball game Again, you can learn all this on the tass website. This is basically when you see the magenta means that the trend may be ending To be alert. So when you use this stuff with these boxes being drawn You know now now you have a reason to get out if you're not seeing something in the volume Right. So right here you didn't see anything fire off. I mean you see some liquidity I mean so back to the basics of book map Another reason you could have gotten out and say you don't have tass you weren't using tass That blows through this liquidity It tries to get above doesn't in the minute it gets back above this liquidity now you can be out of your trade, right? So you're using these also the visible liquidity help you judge When to get in when to get out as well. Um, I know I'm all over the place here. I'm just trying to cover this stuff quickly um But the other thing too in which I've covered in prior webinars is these markets move to liquidity It is opposite of what a common sense person would look at and they would look at so say they would look at a chart Before all this occurred say you're up here and you see this you see this you see this Like oh look at all this bid liquidity. This this market's going up. I mean they're look at all the support It's the opposite, right? These are this is the big money that wants to get filled the longer It's in here the more they want to get filled the more they're going to make this market come into The liquidity right again. I know this because I used to play this game I used to put my bids in and I would wait for my opportune moment. Then I would start hammering hammering bids Selling selling selling and then I then I would get out, right? I would I cause a flurry of activity into my resting orders, which is this and then I would get out That's all this is so when you see liquidity coupled with you know Whence it starts breaking down on these task boxes and then you know where the liquidity is resting You know where this market's heading or you have a very very good indication and you have a very high percentage I would say 80 percent or more From my experience that you're going into the majority of these liquidity levels Then what happens after so say say we got out You know at the bottom of these task boxes and when it broke that resting liquidity I just showed you now look what what what this did So this is the bottom of the task boxes again There was nothing on a stop indicator, but you know the liquidity got back above Now look oh, let's let's put in let's be the big house and put in our Orders and then we're going to make sure that the market trades in every single one of them by the close I mean look at that. This is this is why having 99 percent of traders do not have this information So say you were looking to get long gold and you waited you waited and then you saw the bottom of the task box You saw it clear this prior liquidity now you're in It's playing these games and then you start seeing this stuff stacked You're like, okay now. I know where we're going and then you watch our reaction this liquidity And it trades through all of it by the end of the day so um Last example before I show some live stuff. This was the yen Again, when a market looks like this I call it the Christmas tree. It is completely algo ridden Right. These are algorithms putting in pulling putting in pulling size You don't usually want to be participating in a market that you are begging to get whipsawed in because that's all this is happening here But why this is relevant is you just wait now look at this This is the entire day the only two areas that these icebergs and these were sell icebergs meaning paper was trying to fade You know as them came up they were trying to stay short right because these were self again If it's below zero their self they're above it's a buy as they came down into them. They tried to sell and they were wrong Came down here again. They tried they put more icebergs in wrong again This was the low of the day you look at it on tas You know again this you may not be you're obviously I wouldn't be personally looking for a long But once it starts to draw its boxes In the 10 in the 30 in the 60 and then you use Your real-time volume areas where paper is wrong again paper is not always right When they're wrong, it's still it's still a relevant area and you know where you can be long But you know you use the tas boxes. Okay, I'm getting long I know the support from that and I know this is a sport area here where it shouldn't go back below this area It goes back below then you're wrong, but you're not risking it much and look at the trade that you catch it by the end of the day so That's uh, I went through that stuff pretty quickly. Um, again, it's pretty self-explanatory the more you look at this stuff This happens in every market again the course i'm putting out you're going to see 14 different markets that It's the same pattern in every market. It's not the same obviously you can see here this was 90 to 90 lots that fired off there and you would think to yourself all that that's not a big iceberg It doesn't matter what you think it is. It's I don't know why this isn't showing this without me switching But this was 90 and 90 It was relevant because it was most of the day. That's all you need to know right so That's my examples there Any questions for us before I get into live stuff Yeah, so a question here about um, uh entries here, uh, do you enter with market orders? Um And uh, does the market when it's moving too fast, uh, do you use Or too fast to use limit orders or do you enter on pullbacks that you know kind of uh Entries exits and trade management question here Yeah, I mean obviously depends on the area and the setup. I mean here here we're live now, right? This is a live market. Yes. This was the morning. I pointed this out in the trade room. I was in there this morning We trade we trade desk room Pointed this exact thing out here. We'll look at this. This was pre-market So remember so in the I don't think I mentioned this but again the threshold in the e-mini I might have I can't remember what I just said but the e-mini the thresholds are if you see above 700 icebergs That's a lot if you see above 500 stop runs the orange. That's a lot, right? This is a 997 lot by iceberg before the open That is a ton that would be relevant of like a 2000 3000 lot iceberg regular trading hours That is telling you this is a very relevant area, right? So you can see it comes up. There's resting liquidity That's acting at resistance Then you get a buy iceberg as it starts to try to sell here You can see the iceberg whoever put this iceberg in they they're like, okay, I think I'm gonna buy here Blowing through it was immediately wrong. There's your short signal. So back to that original question You see this iceberg file file fire off the minute you see aggressive market selling you're in you're in here Your stuff goes above here. Even if this liquidity wasn't here It's a great trade But now you have the benefit of knowing where a big iceberg that was wrong Fired off on top of resting liquidity that once that is kind of defending the area too because it's already up here You know, again, like I said, it will gravitate to the liquidity, but we're already here So now this is kind of a defense right here. So you have a resting liquidity and a stop run the minute you see Engaging of on the south side you're in so you're selling at 3209 ish Then you put your stop it You know even you can go right above this where the stop got pummeled or you put it above the liquidity So you're risking three and a half points to make You know, we went we went all the way down here. You're risking, you know to make 15 points That's a five times five time ratio on your on your trade, right? So you can see here as this came back live This is not a coincidence. This is where this market stopped. Look right here buying Right where this is. So I'm not saying that this trader held on this long and waited to get out But the point is you're seeing You know if you're looking at a bar chart, you're saying and I'll show you what this looked like on taz There's also a signal there, but if you're just looking at a regular bar chart, you're saying Okay, well, this is resistance because this was a prior high Well, yeah, but it was a prior high because paper took a stand and they got pummeled Right, so it's like it's not a coincidence that it came up to this exact area and failed Again, even if you didn't take this trade, you know, this area is important You wait and you wait for your, you know, your taz stuff. Let's look at that on taz too So this was sorry my zero charts very slow Yeah, so this was right here. So this was a taz box that had drawn So now you get the taz box on the 30 you get the taz box that had been there from from overnight On the 60 and then you get the confirmation of a huge sell iceberg or buy iceberg that was wrong Like this is putting everything together. This is such a high probability trade Where I mean, and then you you know again, you're in it And in book map on that on that move down. It actually did not show A real a real solid reason to get out, right? So if you're sure you're if you're just using book map by itself You may not be getting out right here. You may be waiting for something like this these outsized moves But when you use taz That's it drew a box that support right came down here This is overnight, but this is the 60 minute But it drew a support for the 30 the point is you're using this stuff together and again I wouldn't be showing you the taz stuff if it wasn't It's a very close second behind book map and again when you can put it all together You have all the information in my opinion. Um, let's look at a couple other Markets here any questions on that stuff Bruce since we're doing live now I just want to make sure I don't miss anything Oh, by the way before you're saying I didn't even see this when I was explaining this Look, so this was the dumb money being wrong. So now you get a stop run of What is this 1200 stops? This was this move Immediately below it. Here's your so back to that question. Where do you get in? I get in once I see the stops again The the example I gave from friday the unemployment number You saw this type of stop run and then it held the state above it. You never saw any red This one was again, I say 70 80 percent of the time It's the dumb money with nothing behind it and then it gets below So boom pop up. It's immediately below. That's your signal that okay There's there's not real buying behind that. This was a bunch of retail You know dumb money The minute I see some aggressive selling I'm in you're in right here again Same area as this you're in again. You risk above this area and you catch You know, this is a six point trading counting. I wouldn't doubt if it came all the way back down here So again, you're seeing why these are this is what's also great about this is you're not getting 30 signals in a day. You're getting two three four five Maybe in a day right now up until this point. There's only been two really big So this was 600 I don't I mean and it was a stopping point again. Look how powerful this is It comes down here paper tried to stop it 600 icebergs. That was the exact stopping point, right? Again, you start to use this this stuff with what you look at or with TAS It's you're going to be lethal. I mean, I keep saying the same thing, but you're seeing it Let's let's go to the other markets. I mean I can do this all day long I have literally these are all my markets that it works S&P, Nasdaq, Crude, Gold, Bonds, Beans, Corn, Wheat, Cattle, Hogs, which I've never traded But I'm about to because I've seen it work about 50 times already Euro, Silver, Pound, Yan, Aussie, Copper, Engie But that's not enough for you to stay engaged in the in the marketplace Then you need to find another line of work You can see here. This is Crude Comes down huge selling huge dumb money selling stop orders This was so crude if you see over 100 ish It's a lot That was never 100, but it was it was decent again Also, you also want to judge it by Relativeness for the day, right? So again, this didn't hit my my thresholds that I would have been completely like engaged But I would be paying attention right up until this point. This was these are the biggest stop runs Here's one. Here's a dumb money stop run immediately wrong. Boom Here's a dumb money stop run. Here's another one immediately wrong. You couple that with buy icebergs that the dumb money's selling into I call this the double whammy That's that's the exact area that it rejected And it's not a coincidence when it came back and retested. It's the exact area that it rejected But I hope you guys are starting to see the power of knowing where this or the big money's fires off In conjunction with what you use or you know tasks. Let's see what that looks like in tasks real time You know, so again these things are coming down I don't necessarily want to be long because when these things are stacking down I'm looking for shorts, but again if you're short That could be this is a good area That you may want to take some off because it rejected again if it does this and it keeps going You're golden and you just hold it, right? But when you start seeing the initiative buying come in, you know, this is relevant and you're in comes back Fails back up. So now this is area Again, based on tasks what tasks is showing me here where we're stepping down with boxes on the 10 We're below support on the 30 we're below support on the 60 you me You should be as well Leaning short. So again when this area breaks You can bet your ass this thing is going to sell off. I I be willing I'm saying it's going to be 80 90% that you're going to get The significant move down, right? So hopefully hopefully that makes sense, right? So that's being on the right side of the market if you're if you don't have this information You may be thinking yourself. Well, yeah, we're really we're really oversold. I want to get long here How many how many people get run over doing that, right? So it's like when you see all this you're like, wait a second. Hold on here. I don't want to be Long anything. I want to be waiting for my signal to get short When it gets below here or things frozen up or you wait for An area so this is actually this is going to have been an area that you got short So say you're looking for areas to get short Here's the move back up right around where this blew through this or stopped in this quickly the first time blew through which was also Where the stop run ran off So this general area would be a good area if you're looking for short again It doesn't I mean this wasn't great, but right now if now it's just range treating if it comes back again, and you see something like this Great short signal if it fails right if it doesn't then you get out of your short things like that You're seeing I know it sounds like I'm all over the place But I'm really not if you're using this information You can make such better judgments again. You watch by the end of the day if this gets below this 37 96 area Yeah, I'd be willing to bet and be willing to bet meaning I'm putting a trade on that is betting that we are going lower Especially because now I have the confirmation with the test up gold Not a lot There's 40 stops 53 not a lot there again. Some days you're just not going to have setups in certain markets That's why you have 14 different markets that you're scrolling through again book maps in the process Of coming up with some kind of indicators when you're getting outsized moves again It's not as easy as it looks because yeah when I have it scrunched like this It's you should be able to put you know an alert line But the problem is this is like based over You know a series of prices in time so when you spread it out Like that doesn't look so easy does it so it's that it's not so easy to put a um to put alerts Like you have when you scrunch it right so this is what i'm doing all day long I'm actually never really even going this close into the market because all you're going to do is confuse yourself You're going to confuse yourself with the with the orders with the resting liquidity and you're going to confuse yourself with this stuff That's why i'm usually max scrunched, right? So this is literally max scrunch and now you can start to see Look at this now. You wouldn't think a 25 lot by Iceberg was a lot. Well, it certainly was in silver today where they tried to buy it So it came up. They tried to buy it failed Well, look look where it retested the exact area Guess who's getting out of there 25 that they tried to buy the same probably the same people that got run over And then that was the area it failed I just shown like three or four instances where you see the area that retest and then it goes keeps going Again, you have this information. You have information 99 percent of the traders don't have copper I've never liked copper. I'm starting to Gain some interest in it because this is starting to look like it works again. Here we go Again, this is all why this is today. This is selling you get Again, don't concern yourself with oh wait a while. Why would 50 copper icebergs be a lot? Doesn't matter what the chart tell you it's a lot. This is the most of the day This is the biggest iceberg of the day right here buying rejected Sell stops right into that area. So it was a double whammy. It was the buy Sell stops into into the dumb money into the smart mind. It worked temporarily, right? So say you decided to get long I don't even have taz up here to make my decision just purely off order flow you get long you say to yourself Okay, I'm out if it clears this or I'm getting short. So look what happened Here's the area look what happened when it got below that area going Oh, look at this not a coincidence. This is where it retested And failed Again, you know the areas I mean, I hope that I can't get any more clear. I mean, this is like five or six just today alone um natural gas There's another example Sell iceberg this time paper was right, right? So you had this wasn't this wasn't this was okay stop run here boom You get a sell iceberg Right here this price here This is the exact stopping area. It broke retested gone Right same here now they tried to try to buy it So this is a perfect example where it doesn't matter whether paper's wrong or right You want to know the area right here? They were right. There was a big sell iceberg here. They tried to buy it They were it was immediately below you're getting short when they're wrong and you can put your stop You can put it here or you can put it above here where this one was Again, this is just telling you and I'm not even you know, again I'm not even looking at taz To make those decisions and when you when you add in your bar charts, which you look at or the or the the areas What these boxes again, these they're all confluent that was 1790 So this first one was 1792 the second one that fired off was around 1790 ish Or this is 1792 to 96 so and this and This is Right around here. So this is right at the right at resistance once it accepted back inside the taz box gone Accepted back in the 60 minute gone 10 minute You can see the power in both these products used together is what i'm trying to show you here um a couple more corn I mean Corn annoys me. It's like watching paint right? Well, we're behind Beans this was actually a good I pointed this out in the room after actually I went on live I saw someone asked about it at the time. This was a really good area to get long. So if you see this here Look at this. Look at the by icebergs that fired off. So here here the cell Stops into the by icebergs This was the stopping point the minute you see blue again back to that original question You're waiting again. This doesn't mean this is going to stop every time It could keep going if you like I showed you with the es example from unemployment Then you then you get short and you put your stop above here this one Showed you a long setup where you see the buying you can get if you want to get long again I'm not even looking at task if you want to get long you get long as soon as you see aggressive buying You put your stop right below here. You catch a you know a three three and a half point move Or sent move in soybeans then when it gets below there we go Oh, it rejected then when it finally gets through you see all these sellers engage, right? It's not a coincidence. This is this I mean look at this Gets below retest get below retest saws off This area is the most meaningful area of the day because of this and this is exactly where the market is rejecting task wise See what it looks like again. I have no idea what most of these look like because I've been talking all morning Same thing You should be in your mind based on what task is telling you you should have been looking for shorts, right? So you saw so say you're short and when you saw that big buy iceberg that I showed you You know if you're not looking for longs and I wouldn't personally been looking for longs based on that task chart I'm waiting for a short my signal is based on those all those charts those test charts, you know stacking down I'm waiting for it to break 64 and then I'm in right so right now. I'd be short and See what happens again Doesn't matter if I'm wrong. I'm losing a couple cents big deal if I'm right I might get 20 That's the whole point of this you get to control your risk and your areas are legitimate It's not just you saying oh, I need to stop out here because I can't lose $300 You're actually using This is evidence-based you're using your stops based on this if this gets back above here You're out and sometimes it does again majority of the time it won't But if you lose you're losing three cents if you're right this thing may drop, you know, 10 cents Which is a huge move in ridiculous boring grains bonds There's a couple good examples here from the day So in bonds you're going to see a lot It's actually very this is one of the most reliable for the stops and icebergs But what you see a lot is it violates a little bit almost all the time and then when it finally goes then it goes right So you see right here You see the stop run And then it kind of comes below and then when it gets above another stop run It holds right so a lot of times what I'm saying is when you see these areas A lot of the times it'll move a little bit below that area But when you see it get below not saying you can't get short here because you're only risking a little bit But if you're looking for longs you wait and then when it finally gets back above You know you engage But my point is if you got along here Don't get scared out if it just goes a couple ticks below this area Most markets will hold the exact area bonds and bonds and gold are a little quirky Where it'll go a little bit below or above the area and then and then when it gets back above the second time Then it's gone, right? So it's like boom stop run boom stop run holds holds Here are some buy icebergs. So there's heavy market selling right here in some some icebergs that want it I've noted noticed in bonds. Um, this was so over 200 is a lot I've noticed that the the smart money is More right than wrong meaning you start seeing this this is the minute you see how see how this moved a little bit below This is the exact thing I was talking about here So that buy is pervs were here and moved a little bit below and then then it got above and now Again, I would be leaning along just by looking at this Let's see what taz looks like You can see taz. This is screaming long, right? So now now you have your confirmations. You just saw this the iceberg area Which is right here Right right there Which is Right where this is breaking out This is a long signal because it's above This is about to break out. So again This is all confluent. This is all lining up. You're getting your ducks in a row if this thing goes I'm going to promise you this thing is going to go for a while, right? And again now you're risking knowing that information that you found in here and in taz You're risking below this this last low right here. So you'd be risking, you know, right around 172 30 Now you're long, right? You would have been long probably right in here Which is it's right here right now if you want to get long put your stop right here I would not be surprised to see this trade up to this resting liquidity So there's some uh, there's a bunch of live examples any questions bruce Uh, yes, um, so, um, trying to type away here Curiously and answer a bunch of questions Uh, but some of the other ones that are very specific here for you Um, first off, can you can you show your settings for the iceberg and Stop? Yeah, um, so again, don't pay attention to this per se. I mean, this is live What's really happening? Obviously nothing is going off. It's this stuff that you want to pay attention to I mean, this is good when it's really happening, but I think it looks cool, but other than looking cool. It doesn't really help me much So my icebergs so the way you get into these settings So first of all, this is an add-on right? So you have to get the book map You have to have the newest version to be able to get these vine dot settings where you show the vine delta 3d bubbles So get the newest version and then when you get book map um You want to go to the book map marketplace and bruce will put up put all that in i'm sure And then you go to the si indicator the mbo Bundle I think that's a separate subscription, but again, it's the most powerful thing i've ever seen. It's well worth it Then when you get that in your charts, you get they give you step by step step information How do you how you import this in your chart the the api files which is up here which i'll show you in a second My settings are here so Again, I changed the colors You can you can change it. I think they're different colors. I know definitely this one We haven't even gone into this today. I might go I might do this one in my next webinar with you guys I think it's june 18th The future's are you I might go in the liquidity tracker But anyway, these are my settings for for the stops and icebergs and it's exponential again go to This just google book map si indicator And then you'll you'll find this blog post and it explains to you what exponential some exponential reset I don't use some it's basically adding it up as the day goes on actually. I'll show you what it looks like I just put it into the chat that that article So if you guys are interested it all the settings are in there. So it should answer your questions Okay, so watch when I put some you're gonna I haven't I'm changing on a different screen But you're gonna see here. So that's what some for the stops look like that's what sums for the Isters looks like that's not helpful for the way I trade or what I want to see because it's kind of adding them up It's summing the total for the day Um, I don't use it that way you can come up with your own strategies Again, this is very very powerful information. I want to see when stuff's firing off Real time and make my decision on that right? So that's that's what happens here and again I scrunch it down almost all the way There when you do get this be aware um that You know if you bring up your charts in the morning some of these markets it doesn't because this is like beta They just are releasing this and you'll gladly put up with this Is kind of a nuisance sometimes where you're not going to see this populate right away You literally just have to come here check it uncheck it and then it'll populate for you So what I'm saying is don't be don't freak out if you bring this up and start email and support All my si indicator isn't working. Just go check and recheck again. This is brand new They're working out the kinks. You will gladly put up with that one little nuisance for the information that This thing gives you again. This is the most powerful thing I have ever seen in futures trading Any other settings that you want me to go over? I mean that that's basically what I use No, uh, the um, let me get to some of these questions here. Um, It's uh, it's not a whole lot of questions here for you actually But tom says though, you're doing a great job here. Uh, very very, um, helpful webinar here So I wanted me to relay that to you. Uh, and um You know a lot of questions about like, um, so, uh, thomas has been asking about, um, Reading volume and reading and you know Making trading decisions here and I've been I've been trying to answer him, uh, in in the chat Uh regarding like, you know It's it's about the context of this auction and the insight that you're getting from Understanding this auction now, you know, the transactions actually take place. Um, and it you know in the in the current market and and it's historical as well But you understand the context of those transactions and what unfolded there and uh, and then, you know, the order book is actually forward I mean, that's like probably the most forward-looking Thing there is like the conditions of the current order book is is telling you the conditions of the auction Uh skews in that order book, etc But you know being able to see it in hindsight or not hindsight being able to see it in This historical view, uh, you can you can start to understand the the activities In that auction and and players activities, of course, it's not a hundred percent but I guess the question is, um for you scott is uh you know You've been answering it. I guess in some question or some Areas where well you see the buyers you see the stop run to the upside But now you see sellers start to come in the other side so What you're reading there is like in this, um, uh, es example, uh, that that big Spike to the upside above, uh, you know, the the pre-market area Tons of stops and you see sellers come in on the other side Now you know that those are stops And you also know that i'm looking for sellers to drive it and it's going to be have to be powerful selling to drive it back lower Um, so well, I don't know if I agree with the powerful selling. I know that needs powerful buying If if this if this stop run fires off Uh, and it's immediately below it that that tells me that there's no powerful behind buying behind it because This is what this is what powerful Where's my uh, I lost my One second just hold that dot This is what powerful buying looks like right here right This is a stop run with buying behind it. It never I mean look at the difference between this stop run this stop run This stop run that held this stop run versus this stop run What do you see different? Immediately below it so there's nothing this is the stop run here and it's immediately below that area There is no nobody engaging to drive it higher meet nobody meaning real money This to me is dumb money the retail trader and again I'm not making fun of anybody because I'm a retail trader now right my point is you are not as informed I am not as informed up until now anyway What of you know, what what's really going on as far as you know where you need to put stops or anything else So this is You know, you don't know as much as we don't know as much as the firms know obviously even with this information I don't think we know but we are Much more educated on these areas and where what's right? What's wrong? My point is this is Not a follow through if you see that if you see big buy stops, it's not an automatic fate. You just sell it right? I mean, I bet you if you just sold every stop run. I bet you would be profitable I don't know how much but the point is you want to see the stop run you want to see it fail Then you want to see initiation then you're in right? So I don't necessarily agree that you have to see heavy selling come in because the people you know This would I want to see heavy buying showing me that there's something behind Just the retail trader puking their positions right and I've given multiple examples today on that alone and again I mean look at this. This is just this is not a coincidence. Here's your this we showed this earlier It comes up here here's the stops goes a little higher now. You're saying if you're looking short Boom the minute you see this come in you're short your stops here Now you ride this out you ride it out until you see something in the volume and or tasks like I've been talking about all day It's like When you really break it down, it's really not that difficult and that's good That's a good thing for people because the more difficult you make your trading the harder It is the less decision you make it's the paralysis by paralysis by analysis, right? You want to have I know this looks like a lot like with the task charts too But this is pretty basic and simple too. I mean the algorithm behind drawing this box is is quite intricate and it's it's pretty incredible I'm not even going to go into the the tabs. I'll show you this real quick if everyone wants their mind blown right quick this is This is the um This is the they're kind of indicators called the edge you can read about it on their site But this is a whole other subject the point is there's it's there's a lot of intricate stuff behind This this drawing these drawings and how how they're produced But common sense wise it's as clear as day like you you do not have to be some Some mastermind, you know rocket scientists to understand, you know, again, I always use the example I bring my daughter here my nine year old CC who who's who's winning here? When should I when should I sell? Okay, blue is blue is by red as so when should I sell well daddy you want to sell when you see the red come Right there. So you see okay. Here are the boxes. Do you see this these red lines? When do you think I should sell? Well, you want to sell if it doesn't go through the red red line dad, right? So it's like that the point I'm trying to make is There should be hope for everybody as a retail trader when we have this kind of information Right, it should be you guys should be like kids on Christmas Eve now watching this stuff waiting to implement this going forward was my point Yeah, excellent. Excellent. I mean As well. I mean like one of the things that I Have been saying in the webinars that I maybe brings more clarity to to um, folks here like That Now, you know scott's reading the order flow at certain areas, but now he knows the order types as well at those areas So that's a level of transparency that we've never had before You know that that that's that stop run who who uses stops? Well retail traders use stops. Why because they don't have big or deep pockets They they protect themselves by using stops Right who uses icebergs is anyone in here? I'm sure there are People in here using iceberg orders. Okay, but if you if you are I'm sure that you're you have a big account Because right there's anyone here using a thousand lot icebergs. They have a very big account Exactly. So you understand now due to the type of order That is transacting some of these areas. You also understand the type of player that is using that order. That's pretty pretty amazing transparency Sure is And that's what the big money has had for all this time. And now we have it. Yeah Bottom line Let's see. Adam has a long question here. I don't know if I quite understand it But basically if you start to anticipate the big money And and their funds as can they like somehow will they be changing their strategies? You know, I I don't know how long this might last or You know, this kind of edge that we're getting right now And how you maybe have seen that or in you know, your experiences The only thing they can really do right now Is that they call them and again if you go in the the cme website that the area I was showing You just google cme mbo info and you can read about it. There's there's two types of icebergs. They're native which are You know the ones that are actually put through the cme and then there's synthetic So the synthetic Are put in to the into the market by your third party and they break it down in a way where it's not easily easily readable Unless unless you have book map and that's actually what they had an ice iceberg indicator Even before the mbo information came out that was basically reading the way the orders were coming in They can tell your icebergs and you know and those included synthetic icebergs. So again There's two different types of icebergs But the point is when you have book map they They are so in tune with their algorithms that they know you're going to know where everything is right You're going to know what what areas are relevant That's the most important thing is knowing what areas are relevant and you're looking at a chart today You know this area is there this 32 9 to 32 11 area is very very relevant If it gets through here, it's gone if it holds we're probably going back down the lows, right? That is again, I'm not telling you how to trade. I'm telling you I'm not telling anybody to trade like me. You don't want to trade like me. You want to trade What makes sense to you? I've said this in every webinar But when you start to incorporate this real-time information What's really happening in the market with what you're looking at whatever you're looking at? I don't care if it's Fibonacci if it's Gain or Elliott wave or whatever the hell else people are using that you know It doesn't matter if you can tie in what's really happening with what makes sense to you You're going to be a much much much better trader Right exactly exactly so so and and that gets to to the point of like Trying to answer this question that we all have this question That's why I'm kind of covering it in detail Uh that thomas has been asking about well, how do you know and it's like well, you don't know But you can you can have a pretty amazing insight Uh by looking at this and and start to um Look at much much higher probability Uh and and potential for these moves to take place when you start to understand the order flow and the order types within them Right and when you how do you know how you know is when you You get book map and you watch it happen about a thousand times in all these markets and then that's how you know Exactly that's the point. I mean that's why I'm putting out the educational thing for people that don't know They can kind of speed up their learning curve instead of watching these markets Like I've had for the last two and a half months and to find out all the thresholds But the reason you know is because when you watch something happen that many times in a row You know right and the thing is It's so crystal clear because volume was is what drives markets and that is exactly why it works in every single market Because volume drives price and that's all you're doing is you're just using volume Like I said in different levels in different markets to base your decisions on what you're what else you're looking at But again, you watch it enough Then you see the same pattern just like anything else anything else you're using Any any trades you're putting on off of bar charts or any of your indicators All you're doing is trading off a pattern right a pattern that makes sense to you This is a pattern. This is a pattern that is really happening really occurring that really makes sense because it's actually happening Yeah, scott. In fact, like I mean you it just reminds me here like And i'm not trying to plug you plug you here, but like You know, you've you've created patterns. You've given them names and and then you've offered it now Educational course on our book map marketplace If you want to cover that's not even having that's even before this information, right? So it's like those are a couple patterns. Um that that I put up there You know, there's like an enqueue course put up on my partner. Nick is expert in trading expert in book map reading book map But now, you know going forward all my new things that I put out there to help traders Um, it's going to incorporate the most powerful information I've ever seen like I said and starting with again this week. I'm going to put out something I've had so many people ask me for it. So I finally I'm almost done with it It's going to just help you immediately know in every one every one of these markets You're going to know the thresholds. What's a lot in gold? What's a lot in beans? What's a lot in euro? stops icebergs things like that and then and then literally specific setups like I said the uh, The double whammy there's one dumb and dumber. There's one stop and go There's uh, there's there's like six or seven of them again It's just to make trading easier for you guys where you can bring this information up immediately You can be branded with the book map and just look for these setups And you're going to be efficient when you you tie them into your areas that makes sense to you What you're looking at on your charts Right. Yeah, exactly exactly. Um, so uh, uh, so I put again into the in the chat there guys All scots contact information. So if you're interested in reaching out to him You've got his website. You got his email. You got his twitter and his trading room with the we trade desk so Let's see Most of the questions here If you have any last minute questions here for for scott Most of them have been revolving around the kind of You know what's needed for mbo, etc. Stuff like this. Um, so I don't see any Specific questions here scott um Although the other thing I wanted to point out here quickly So, you know, I'm in here again I've had some very requests for the live trading room and I teamed up with taz. Obviously you can tell him which I love it I love steve and he's him like I'm learning from him every day I'm just getting more more more powerful as a trader But what they do is he archives all all the sessions too. So whether you catch me live or are in a recording I mean, it's everything's recorded so you can go back in case you're not in front of the screen that day in live And it just enhances your learning right so you can bring it up and look at like I'm doing right now Showing you the live market action. That's what I'm doing in there. You know twice a day three days a week Um, so you'll be able to you'll be able to go back and watch rewatch this stuff as well Right, right. Okay. Um, yeah. Yeah, jason's asking if you need a runner. Um, you'd be happy to uh to work with you Well considering that's how I started at the board of trade. It's not a fun job I was making $200 a week as a runner for the five-year option pit Probably one of the worst jobs. I mean that don't get me wrong. It's still you're still down there, but um It's you're like the lowest form of life as a runner at the board of trade So you don't want to be my runner especially because I sit at a desk. You basically be getting me coffee and that's it Um, yeah, uh, jason says he's willing to do that So let's see tom has another question here. Uh, you've taken Long off the recent would you have taken a long off the recent spike down? Uh on the stop indicator on the es around 12 15 eastern time um Right now. Yeah. Yeah, I guess so So about 10 minutes ago. Uh, looks like So the and what I would take in a long no, I I'm again. I'm still short until this proves me wrong. I mean Again, this has to not that you just throw on a short right here, right? You want to wait for a relevant area if it comes back up here or if it breaks. I'm not long You know looking at if we look at tasks quickly. Let's see what that shows um Yeah, I mean if you're looking for longs, here's the point of control in the 10 minute We're right at the point of control on the 30 minute and we're right at the point of control to 60 minutes So if you're looking for longs, this is not a bad place. I need to see Okay. Yeah, this is good. This is obviously very important information to know for we are market profile wise With the task boxes, but then I want to confirm it by something in the volume, right? So back to the original question I'm not really seeing anything yet to get long, right? If I'm going to get long I'm waiting to get long up here when we get through this area from earlier this area from the stops I'm long here. I'm not long right here Especially you don't want to really be initiating trades at the b-wap Or which is confluent today with the point of controls Because the point all the point of control is for people not familiar with uh market profile That's just where the most trades have has occurred. So you're asking to get whipsawed Out of your mind put initiating trades for no reason near the point of control, right? That doesn't mean you can't do it if you see something in the volume, right? But I don't see right now. There's nothing in the volume, right? Let me look right here. Do you see anything? I see a small tiny stop run 319 that's not a ton And I mean you can use that actually if it breaks through here. You probably get short My bias today is I think we're going back down here, but again I that doesn't mean just throwing a blind short right here per se But I'm only getting long if we get above this is what that is right or Or again, this is the benefit of using book map if we start coming down here and then you see some huge buy iceberg Anywhere again, this is why you watch the markets then you can say okay now I'm getting long, right? You got to wait for it. You don't just you're not just getting long at a line on the chart You want to see something in the real-time volume to initiate your long or short Right. Um, it's so another another question here is about How you're able to trade so many different markets Um, well, you know, like I said in the beginning of the thing my my gift is fast mental processing right so I mean this is this is kind of a different way of fast mental processing I'm able just to funnel through these, you know, kind of just looking for relevant areas So I use my task is to get kind of get a bias of what the market should be doing And then I just funnel through to see hey, is there anything firing off and crew? Is there anything firing off any many is there anything firing off? And so I basically just scroll back and back back and forth through here But also knowing which way I want to be leading based based on the market profile from the task Does that make sense? I hope yeah, definitely definitely Great. Well, I think we've answered all the questions that we've gone now for about an hour and a half so Let me just Paced back in here guys all of his contact information if you're interested in reaching out to scott and Oh, and then, you know, I mean there are some specials there that he's offering for book map if you're interested in finding it out You would need to if you're interested in this si tracker you're going to need to You know go to the book map marketplace it sold separately the reason being is I just need to explain this rather quickly that You know, we're selling book map on our website or through that link from scott You'll get special offers longer term special offers through his link But then we've opened up the book map marketplace. So let me explain The marketplace is for third party vendors. Okay, we've also developed for it as well This si tracker is something we've developed in there now It only works with cme futures and rhythmic. Okay, everything else it does not work with And there it is scott's bringing it up now and so this is it's a separate thing Right now you can buy Like scott has some products in here Walter who's presenting tomorrow has a product in here You know, so the it's there's a lot of low hanging fruit in here guys that you know You can develop your own add-on indicators and sell them in here as well So it's java based api and that we're opening it up. That's the whole idea It's like we've had so many requests for so many different things to do and add in the book map Here you can do it. You can do you can add your own proprietary Add-ons and automated trading strategies within here. Okay, that's the whole concept all right Okay, so If there's no more questions in Thank you very much scott like we're getting a lot of a lot of thanks an appreciation From the insights in your webinar here The problem again I'm here to help I go to my site if you want to contact me you put my information up I do the mentoring if people want one on one stuff Or i'm in that chat room that chat room is that's going to be golden I mean people finally get to hear me live kind of like I did today, you know three times a week twice a day So I highly encourage you to you know get in here as well and then you know if you if you go to taz marker profile scoppelscene You get um, you know if you want to add taz there's awesome discounts for not only the taz indicators, but then the chat room as well the trade disc stuff so You know again, I want to I'm going to make millions of dollars again It's right around the corner, but I also want to help people too. I just again I have such an animosity towards the algorithms towards the big funds. It's time for us to strike back It's the bottom line Yeah, excellent excellent Well, yeah, thank you very much scott and we're looking forward to the next webinar with futures io And that'll be june 18th guys if you're if you're interested in that And scott will be presenting over over there. Okay Yeah, any last words scott No, I mean, I hope today was I think it was helpful that I went You know out of this real quick I was able to show a lot of live examples I mean that's what chargers want they don't want cherry picking Even though anything any webinars in the past that I've shown there's been no cherry picking I try to show like literally within the day or two But when you're seeing this stuff real time I mean if you're not a believer looking at this and seeing how powerful this is then I'm not sure what you're looking at. I mean, this is again. I've been in the industry for 20 years I know what I've been through the ringer. I've been rich. I've been poor I've been you know, I've been everything in between so it's like you can learn a lot from my Experiences and you don't need to go through the 20 years of trials and tribulations With you know, all these tools now on your side. I mean, this is it again It's not like I'm a advocate. I don't I don't work for bookbap, right? I do this stuff because I'm so grateful for this information in taz and I'm so grateful for For what they provide me to be back in the game. If not, I'd still be doing medical sales, right? And it's not fun working with doctors on a daily basis. Trust me All right, let's we'll end it with that I think Not that anything is doctors don't get me wrong. It's just Especially when they don't know my history. They kind of think I'm some peon sales guy and it kind of hurts my pride a little bit Other than that. Yeah Yeah, yeah guys this is recorded and we'll be up on our youtube channel later in the day just search for bookmap On youtube and it'll be in the pro trader webinar series Playlist there and you'll you'll see it so it takes some hours here for the The webinar to parse and then we'll put it up. Okay Thanks very much scott as as always a fantastic presentation Awesome, and I'll see you back on june 18 looking forward to that one too. Excellent. All right. Thank you everybody and we'll catch up another time Okay, thanks. Bye. Bye