 Hello, traders. Good morning. Welcome again to the Live Advanced Bookmap webinar. Today we're joined by Scott Pulsini, a professional futures trader. This webinar is held every Thursday at 10am Eastern Time and forms part of our education here at Bookmap. Your usual host, Bruce, is away until the end of January, so in the meantime I'm Sam and I'll be helping out until Bruce returns. Please feel free to ask questions during the session, either in the YouTube chat or the Advanced Webinar Discord Text Channel. We'll do our best to get through them. Before we jump into the live analysis, let's just run through Scott's contact info and the disclosure here. You can find out more about Scott on his website, scottpulsinitrader.com and you can connect with him on Twitter at scottpulsinitr1 and the disclosure. All Bookmap limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation demo paper trading mode and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance. Trading futures, equities and digital currencies involve substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. So just waiting for Scott to arrive, bear with us for a moment. Let me see if I can get hold of him. He hasn't joined the room yet. Ah there you are sir. Hello Scott. How's it going? I'm good thank you. Yes I hit you. I thought you were not going to show up then. It's only you know three, come on. Yeah maybe a bit quicker than Bruce running through the disclosures. I'll slow it down a bit next time. Alright so you went through all that? Yep yep just ready when you are. Give me a second. Okay you're good to go. You got my screen? Yep I got you. Alrighty a bunch of numbers today. Such a new information hit in the market so we're still kind of stuck in the middle of this. This is a yes. This is borderline fail breakout of this multi-week structure. You know it did it the first time, came down, held, held, held and now this is like threatening to break down here. So this was a zone that I had drawn based on recent stuff. This was the high volume note of this. So I don't usually draw zones at the high volume notes of balance areas. So balance areas are just two-sided trade where traders are basically placing bets longer-term traders mostly. I mean obviously there are short-term trades inside here but longer-term traders place their bets and then when the market moves out of here that's when they have to puke, get out of their trades. So anyway this zone is right at the high volume note. I don't usually draw those because there would just be too many zones on my chart but I keep an eye on it. But this one is drawn because you can see here buying tail, buying tail, buying tail and now we just melted right through it. So many times when you rip right through a zone, when you come back to it, those are great trades for a failure. So that's what we're looking at right now. This market is still pretty choppy. This is the last volume set up. So the way I trade is I find important areas on the chart with my zones that I draw and also market profile, Ludwig levels. I'll go over that here as well. So you can see this is a very, very important area. This is what I look for. So that zone is important. We're at the bottom. This feels like a year's worth of balance. This has been going on since 1215, this market profile composite. So when the days, individual days merge, their value areas merge, I put them together if they're on top of each other and then forms a composite value area. So you can see here this just tried to break out. We just had some buy stops and here we are again. So I think if this breaks down here again, it's audio is at least to this, to the blue lug gear, Ludwig level and possibly lower. So you can see, you know, having all this information here, I don't use that much, but the stuff I use, I deem important. So this was a very important spot gamma level, this 30 and 100 foot wall. He's been talking about this all week. We can kind of look at his commentary here in a second, but you can see this market came right down to this area and bounced. So having this options information is very important because these dealers, options dealers have to hedge with futures and they're a major, major player in these markets. So it would behoove you to understand and know where these areas are. And that's what he goes over every day. I don't know why every single webinar I turn off these notification alerts and every webinar it comes back. You guys can hear in the background, I apologize. I just don't know what else to do. Honestly, it's ridiculous. Anyway, so this was his commentary for today. I'm sure he's fine if I'm showing this for one day, but you can go to his website and get this information also on my website. We'll go over the hero too, but you can get this an extra week for the free trial on my website. You can just go here. I usually show you guys this every webinar, but some people emailing me. Everything I use, there's discounts basically on my website. So bookmap discounts. This is the Apex trader funding that I use to test strategies and highly recommend it. We'll probably get into that if things are slow. There's the spot gamma. And then if you wanted to get the hero, if you use the Scott 50, it gives you an extra free week for the trial. So we'll look at that in a little bit. But anyway, basically just We'll come back to that. Let me just come out here. What is going on here? You can see the liquidity just pulled here. What was the number? At eight at nine oh eight a.m. So that rally was for a one day. Truce in Ukraine. Okay. So all the shorts feel right there. Anyway, all right. So we got a new volume event that is a little ridiculous. But you got to remember these algos are set for keywords like on Twitter and over the new squack. You heard the new squawk there. I use financial juice. But obviously they just announced a one day truce in the market just rips the 15 points. I mean, just silliness. But guys, these are markets, right? This is why you need to protect yourself with stops. So when you're wrong, so on and so forth. And you, you know, we'll get into the the rants. I'll just quickly show this. This is number one on here. The five truce of trading markets. Anything can happen like right there. Now that I was just ready to short that puppy that this volume event. And then something comes out, right? So that's why you use stops. So you don't get absolutely smushed if something comes out. All right. So we will get rid of this. This was pre-market. You've got to be kidding me. A ceasefire to allow people to attend church caused a 20 point 15 point move. I don't know what am I doing here? I'm just, I mean, I'm laughing, but it's not funny, especially if you're a short there. I just was lucky I wasn't short yet. And again, why wasn't I short? Because I let the volume setups tell me when to get short, right? So I was waiting for this. This was the most recent before that last pop here. So you had 1300 by stops or 800 by stops. It was 1300 total sweeps. Right. So that was that zone and I was waiting for a move out of that zone. Now it has moved out of its own, but I have a new volume event. So I'm going to draw the new volume event. But this is why I just don't jump in shorts. I got, we just went over. I went over the important zone. Now we're hanging on the edge of that market profile composite so on and so forth. But I don't jump in until the real time volume tells me when to get in. And I avoided loss there. So let's draw this newest one. So you can see this is a pretty close to a double whammy. What's a double whammy? Double whammy is the dumb money puke into the waiting hands of the smart money. Smart money is the big money, the big funds, big firms, whatever. Why are they smart? Because they can trade bigger size and they can make themselves smart. I'm going to get rid of this zone right now. So you can see this was threshold. So I have certain thresholds for each market that I trade. That's deemed worthy of trading from watching thousands and thousands of these. And in ES it is over 500 or more stops, meaning I don't trade every spike in this SI indicator. So this is the stop iceberg indicator that is the core of my trading. The driver of my trading because this is the real time volume that is dictating what's happening in the market. So my thresholds for stops are 500 and icebergs are 700. You can see this got real close. I'm drawing the zone anyway just because the stops with this is close to a double whammy. And this doesn't mean I just jump in here. I want to see how this market reacts and I have specific rules that I follow to see how the market reacts to the zone to see which way I'm going to trade. I have a short bias right now, but if this can hold then this is why you don't want to pigeonhole yourself into thinking something is going to happen. Yeah, you come up every day and I have these zones I provide for my room. I'm actually going to start a subscription service very cheap for all the markets I watch like 16 different markets where you have access to these zones every day. I should have that up in the next day or two. It's going to be like 29 bucks a month and I think it's well worth it because these zones are absolutely incredible. But I watch these zones and I wait to see how the market reacts to them based on the real time eye events. So we just got basically two volume events in the zone so whatever way this zone breaks is probably going to be the bigger move. So that is that 5750 is the top of the zone and the bottom of the zone is 39. So it's a pretty wide zone. So how did I draw that zone? I turned my bubbles off first and foremost and you want to get this last price line. I know I go over this every webinar but we have new viewers every webinar. You come to configure, right click your bubbles, configure visible components and then click last price and you'll get this white line. And then you can slide your slide this left it takes the bubbles off and you can see the actual traded price. Then all you do is you follow the spike with your little cursor crosshair guy here where it started and where it ended and you incorporate all the prices. So it came only came down here on this move back down but it was all the way down here when it started. So I incorporate all the price ranges in the spike. So that is the current zone. I have certain colors for my zones. This was pretty close to a double whammy so I'm going to make it dark blue colors but that's okay. I'm color blind. So now what I do is this is proprietary to my trade room. If you join my trade room you get access to it. It's hugely important. Hugely where you enter the price of the zones and we have another strategy that we trade in the room that actually a couple of these trades work nicely. Reverse in trades today so far and then we have a position trading strategy and I have like another 20 in the hopper that I've been working on especially we'll go over a little bit of footprint today. I've been adding footprint back into this stuff into my trading. We'll go into that a little bit. But anyway I want to enter these zone prices in and my short term memory is shot so I have to go back and remember what I said 5350 and 39 is your zone. So you come in here you add in your prices zone prices. Another dynamic feature of what I'm doing which is absolutely crucial to your trading. I highly recommend if you learn anything from there obviously the volume events in that book map but you need to be adapting to the real time volatility. Stop using static stops. I don't even want to know the percentage of people on here traders on here that use static static stops for the trade. So I put on my E.S. trade. This is why you're all the time. I like to risk four points to make it as you got to adapt to the volatility you are the market doesn't care how much you want to risk on your trade. It cares about the current volatility so you know and then I get the question where eight points from where what is that. Well that's what this is what this stuff tells you right so when I put trades on I make the market and get outside of a full ATR to show me it's strong enough to keep going or weak enough to keep going right. And then when I do enter a trade then I put my stop outside of an ATR on the other side of this note. Yeah it provides it's a much bigger risk reward but my position trading I'm looking for bigger moves and it avoids the algo whipsaw right. That's as you know market algos are 85 plus percent of these markets and when the big money is not in here playing then they go to town on you and anybody who's traded for any length of time knows exactly what I'm talking about right. So get your stops outside of these algos whipsawing you back and forth. So that's that's how I trade and again I would love to put on trades. I know I go over stuff every week but I love to put on trades and my actually my original course my assign indicator course. I'm still in the process of developing the new one it should be done fairly shortly but the you know the old one I would this is after only a few months of watching these zones I would say OK get in right when it breaks the zone and just risk the other side of the zone and you can still trade that way right. And it's much less risk but I have just learned the hard way of doing that and getting filled to the tech and then coming down stop to the tech. So I've now adapted my trading and you always have to be adapting your trading nothing works forever. I mean these are these have been working for four years the volume events just because it's the driver of markets but how I trade trade them has evolved right. I'm not going to keep banging my head against the wall you know like a monkey sticking his finger in electrical socket and it just keeps hurting and I keep doing it. Eventually I'm like OK that these are not these are not the ideal entries I'm going to you know incorporate ATR average range into my trading and that's why I trade the way I do. Yeah you have to risk more but all you do if you're risking more this you know this is how you adapt to it. So if you you know you put your ATR and then you have the spreadsheet but just eyeballing it if you ADR it's going up. Yeah I have to risk if I put on this trade I'm risking 32 ES points well the volatility is telling me that that's what I have to risk today and I just cut down my size. I put my account size in here what I want to risk on the trade and then this adapts right so volatility shrinks down to four. So you see right now at eight I can put on basically two ES contracts or 19 MES but if this volatility contracts right so it goes down to four. Well now I can trade two and a half or round up to three right that's how you adjust your trades not you know just trading the static size static static stops and entries stuff like that. So this is how you adapt to the volatility you adjust your size you don't say oh I only want to risk four points when I put on ES trade. You can do whatever you want but I'm telling you good luck because you're not going to make it as a trader if you do that over the long run. Alright so I'm just waiting for this market to move out of here there's really actually there was something in NASDAQ that I did not draw let's see what happened in here. This was going to stop on as well on the Christmas news. I guess Ukraine celebrates Christmas now didn't know that either. Alright I'm going to delete this on this was pre-market clear this out nonsensical move this was it doesn't matter if it's nonsensical it is what it is right it's like it sucks if you're short there but that's what markets do. Anything can happen at any time so you have to protect yourself that natural gas number come out here too in 10 minutes. Let's see let me get this off here make sure I'm accurate don't draw into the bubbles I've only did that for about three years and obviously was having inaccurate zones. Get the bubbles off right to draw to the actual price line and then you can bring your bubbles back in because I used to draw it like to the top of the bubbles in the bottom of the bubbles well that's not correct it's actually the middle of the bubble. It only took me three years to figure that out so slow learner. Alright so this was the most recent threshold so my threshold for Nasdaq's 150 in both stops in iceberg so I don't trade like you know guys that traders that get this SI indicator like a kid in candy store they want to trade every blip in this thing right. In my original course I did have like 100 or 125 for Nasdaq I again this is adapting you know I learned that these aren't as reliable as 150 so I've increased my and then the bigger the size the more reliable the zone is. 150 is my threshold so this one was 217 as you can see that's drawn and I will trade potentially trade off of this zone. You can see it's kind of just bouncing around as well let's put our values in here to just see where potentially make a trade. 1090 wages at the top of the zone and the bottom of the zone is if you drew that zone pretty well. 10893 quarter so we go to Nasdaq. It's the crude number as well right that's that oh yeah so actually natural gas is not coming out and then that's. I think natural gas isn't coming up yeah because he was just talking about it but the crude is at 10 o'clock on Thursday. Yeah 10 o'clock Thursday sorry I was just trying to think of my because Monday was a holiday that's why things are changed this week for a crude. 10908 so meaning if you have crude trade on you better be careful about that at your. Zone ATR right now so I just use the standard this is just the default ATR on thinkorswim it's a 14 while there's ATR you can put it on other platforms and you can see right in the middle there it's 3.82. That means every five minutes this market is moving about 30 points so you can see why you don't need anything. Yeah like I literally get emails like this all the time that's why I keep going over it like I like the way you trade but you know I only like to risk 10 points on Nasdaq to make 21 I trade it's like okay great did the market doesn't care what you want to risk you need to adapt. It's not rocket science right so 3.82 so go down the position trading so if I want to trade the zones these where I would enter my trades and then shows you where the stops are. But we'll cross that bridge as we come down and take a look here where we are here zone wise so that this is just typical right. You got a balance here I mean you can even make this one bigger balance but let's just go to the most recent this is definitely defined balance. It actually was a fail breakout and then it looked like I was going to do that and it just didn't do that so we're basically just make this a balance right now. So many times when markets try to break down they'll come back and they'll retest the bottom of the balance area then they'll go or they'll test the high vibe note then they'll go. And you can see look at this zone pre-tron zone exactly where this market stops so this is why these zones are so important to understand. This zone was drawn from directional conviction there's buying tail buying tail and then actually it was directional conviction today and then another it's selling tail. So this zone is still important and what happens to be the vibe volume note of this and this market broke down retested. Now that should happen if you know if this volume set up and I got a volume set up in that zone so I actually could have been short here aggressively and as I talk the thing just free falls. So the short was at 59 quarter. What I'll do here just because this is such a choppy market right now I may miss this trade so I have two ways of trading these zones I either get in aggressively which based on what I just showed you you could be aggressive. Meaning you're short right at 59 right or you wait for an ATR you wait for a retest for this to the zone failure then you get in 110% of an ATR. So those prices are on here as well so an ATR was 10, 8, 6, 250 obviously touch that. So now for retest that zone fails which probably going to do is that's what it always does not always but most of the time. Then I get in at this is just outside an ATR 10, 8, 59 quarter I have to be not keep an eye on the ATR because it does change. But once I'm in I you know I'm in and then I put my stop stops and it shows you everything here. So we're going to watch this I'm hoping this retest I may miss this trade because I'm waiting for that that that there is a chance I miss that and it just does that there'll be another volume set up. But that's the risk you take if you want to be conservative this is a much higher percentage trade waiting for that to happen showing failure right more of a confirmation trade. But like I said if you love an area sometimes the market just rips and you're like why didn't I just not get in aggressively. So I'm just going to wait on this let's just take a look at the logs and but you know if you love the short here. Then you should be in this trade already. So you can see this this is actually a good place to be aggressive just a little nervous we're above the old log here. Just the way the reason I'm nervous just the way this thing is trading I mean we've broken down out of this it tried this. So you always come up with try to come up with the thesis or story every day for the zones that I do anyway or you should too. And market profile composite if you're using this stuff I highly recommend you do because it's very very important. What's the story for today. Well we opened up broke out of this juiced everybody on the nice Ukraine Christmas story and then now failed again. That tells me that's about that. So that is that on top of the zone stuff I just showed you that is the reason you could be short. Let me go let's see I'm going to put on half size here just so I put on a trade on these webinars because we've had this little spell there's been no trades. So 1.81 is my size I can trade this comes back to my entry I'll go short half if not you know just in case it does free fall. It looks like it's going to retest and fail anyway but if it doesn't I'm going to be at least have something on. So I'm not pitching the entire webinar that I missed a trade which I tend to do 15 and a quarter. That's it this just comes down and fails and goes but other than that now I'm waiting guys I can't tell you cannot tell you how often this happens. This is why we have this as one of my trades in my trade room because it happens quite frequently. If that happens then I'll put on two. So that's loaded let's see what's going on. So yes is never. All right so this looks like this broke a ATR out of the zone as well. Just check make sure this is correct. It's actually up to 8.46. So it needed to get down to 3050 was an ATR so that was eight and a half points below this zone to get to 3050. Looks like it was real close. Shockingly came within a point. So this is not an official ATR retest yet for this right doesn't mean I can't I can't go short. If I want to be short aggressively I would just short at 2975. This was the ATR. So what I'm saying is how I validate these zones whatever way I want to trade. So for a short if I want to be conservative I wait for the full ATR I wait for the retest I wait for the failure and I go short. This did not get a full ATR yet. So if this comes back down I have to make a decision do I want to go short aggressively. Maybe I can do half size in this as well which I probably will do. I don't usually do that. I mean I don't like doing that because it's like I'm getting in I'm getting in right. Yeah guys I do it because you sit there and you mess with your mind because you're like well you know I put on a half size and I wasn't really sure you know if you're putting on trade it should be a full size. I'm doing it more for the webinar just so I can actually do some trading because the last few weeks have been pretty bad as far as actual live trades. I mean it's not a terrible trade. I just again I'm trying to be a little more conservative till this thing can really show. And the thing I actually I take that back for this market because if it moves back down I'll be short and Azek at least one of them. And here you can see this isn't as clear cut. Yeah we're breaking down on that market profile composite but this is smack dab in the middle list. This is where you're going to get that type of trade. So you don't want to be aggressive there. If this was breaking down out of this through these zones then yeah then you want to be more aggressive. So I guess number so I will wait for full ATR retest. Again if I miss it then at least I'll be short. I mean if it just rips down I'll at least be short one NQ. This did not retest this zone yet. So I consider a retest at least it gets within 10% of an ATR. So ATR is like 30, it's 30 right now so I mean three points away from this zone would be official retest. So meaning 90-50 or 90-quarter that would be an official retest to this zone. It didn't get up there yet. So now it's just outgoing. This is why I say especially the other thing you guys get trades on and then you love to trail your stops. Well you don't think these guys that write these algos know that's what 99% of traders do. You know you get short you're like yeah I got it. Oh I'm going to move my stop now I'm going to move it right there. So I at least break even and then it comes and stops you out and then it drops 400 points beside yourself the rest of the day. Don't get out good. All right so just wait to see what happens there. Did hear something the natural gas. Take a look. This market is the Algo King as you can see. Looks like a Christmas tree. That's Algo. So the other thing you can look at too. This is book map newest feature. Incredible. Have it up. We know how to set this up but this is a market map where you can put defined sizes in there. Larger sizes so you can really see I mean I understand you can see liquidity here but it gets a little convoluted. With kind of like kind of like natural gas actually we'll look at the market map here for natural gas like that. Yeah you can see this the fine liquidity here again we may have already tagged it I wouldn't be surprised. Surprise surprise. But when you look at it this way. This is you know I have between 25 and 1000 I think I put in here. Right there. Try to map pro. See what this looks like. Right so there you go. So I'll give anyone one guess where this market is headed. See when you look at it like this this looks a lot different than that. Does it not. Right and you don't point when you look at that way you're not like thrown off by these Algos they're just jumping in and out. Alright I'm. Officially shorten as I go come back to that in a second. Let's put her stop in. One more look at ATR should have been on top of this before. I think it's right around 31 36. So my stop goes 10 942 I only have one on because I was waiting for retest that song so 10 942 50. You guys I know I know what half you more than half you say well I'm what the hell man I don't want to be risking 100. Whatever that is 80 points. More than 8 points. 60 yeah about 80 points. That's craziness as the volatility is telling me this market has the operation especially what we're looking at as far as market context. This has an opportunity of going 3 2 3 4 times that right. This thing is broken out. This is this value area has been here since. The 15th. This one's the 21st but this is multi week value area. You're long you're a big longer term trader and this thing is starting to do this. This is there is a lot of investment in this area. This market could move again 2 3 4 and our points today. I'm risking 80 right so my position trading I have a trade that's more of a scalp trade. That's the reversion trade that we're doing in the room and then I have a position trade so I'm looking minimum. I think this can get down to the blue luck right and that's 160 points away so that'd be 2 times my risk that's like that. Those are profitable trades right so I will hold that I mean I was hoping to get on to and then you can you know you can split them up because I don't like to be all or nothing right. I like to get out and important areas and that's another actor in this is straight straight from trading in the zone. I have tailored it to what I look at right but I get out at certain I pay myself see right here number 5 I pay myself as the market makes money available to me again. This is straight out of trading in the zone. I recommend you get the book the audio book and these are where I pay myself. These are where I pay myself. Lug levels, LugWig levels and go to LugWigLevels.com. She's got a free three day trial you can try them out say some of the book my webinar special pricing. I know I say it every week but I get trust me I'll get these emails. What are LugWig or Lugs or that's that's why I explain it. So these are the places I pay myself. LugWig levels, market profile, composites, highs and lows, points of controls, points of control, VWAP standard deviations. We'll look at all this stuff spot gamma levels. We saw the market bounce off the yes bounce off one earlier and struggle and struggling to get through having resting liquidity. Look at that important predefined zones. Those are the zones I was showing in the bar chart. So these are areas where I'll pay myself. But I always try to hold a portion again if I had multiple on till we get to the major logs and or an opposing setup. Right. So you're not. So I pay myself as I'm right. So for instance, if this came down, I get sure I wouldn't be getting on the Lug here. But you know, we get down for instance, if this if I end up getting two on this is not. There's a high percentage. I'll come back to that zone again and I'll have two on. Well, then I'll be watching like you have baby lug here and that's extreme standard deviation of VWAP. This is VWAP. This is one standard deviation called daily value area. Here's one one and a half. I'm sorry. The very daily value area is one standard deviation. This is one and a half to this would be almost three standard deviation. So if this market were to rip down there, that would be almost 100 point trade. I would get out of one there and then try to catch the blue lug for the second one. Right. That's how I trade. I always leave. I'll always leave a portion on for the big, big move. Right. And this could be the big, big move. This is why I got in half here because I this could just three fall now. Right. But odds are, we'll come to that. I'll get back to that. I guess the second odds are I will torture me for a while. I'm looking, looking here. Let's see. Then we get down to an exact ATR as usual. Of course, we got that price. I think it was 2975. 2975. Let's just make sure this is correct. Now it's actually down to 8.14. You got to keep an eye on this until you get to trade on. And you can actually adjust your stops with it till I've been burned doing that. Keep them on. Once I put them on, we'll go over that and put this trade on. But anyway, with that new ATR, the full ATR below the zone was 383075. So now this is an official, you can see it got right there and then bounced. Right. So this is an official ATR, meaning it's an official short setup. So now I could get in aggressively or wait for ATR retest failure. Again, I'm going to do that because where we are on that chart. So if this does crater, at least I have something on. And you can see what's below here. So let's look at our market map. Guys, when you understand what's really going on in these markets, I know it seems very simplistic. Like, well, you're just looking for the bands of red, like the liquidity. Yeah, it's actually that simple to come up with a thesis for the day. It's not, it's part of the puzzle, right? So we've just talked over so many reasons why this thing could and should break. Doesn't mean it's going to. I come up with my thesis and then I wait for the real-time volume subs, right? So we saw that liquidity, but I mean, so look down here. Yeah, there's a band up here. Which one do you think we're going to go to first? Well, then how you determine that is how these are reacting to the real-time volume events. And they can get short and these can be your targets. Very, very, very high percentage we hit these today. You can see these guys can't be real happy. The market, and this is another thing too. So if you are playing for these, be ready for this game, right? So the market, and you can see it on this as well. So the market came down, started to tag it, and then these algos pick up this size. You see how, see the difference in the size here? This is all that's just showing you, right? This is just showing you this in heat map form. So the market came down. These algos picked up this big order and then they ran it away. So my point is, if you are playing for liquidity levels and you don't want to be tortured, trust me, this will still come down and fill this order very likely, I should say, because the big money will push it into the order. But the first time down, if you don't want to be tortured, then just hop out of a portion of your trade, right? If you trade in micros, whatever. And guys, there's nothing wrong with trading micros, right? It allows you not to be all or nothing. There's so many of you trading one lots of ES, which is appropriate for your account size. But what I'm saying is, why be all or nothing? Put on 10 micros. There's nothing shameful about trading micros. On a couple of my Apex accounts that I'm using to trade strategies. And one of them is live right now. One of the version trades that we're doing in the room. There is nothing wrong with trading micros and it allows you to piece out at where areas that you pay yourself as the market makes the money available to you at the important areas. These are my important areas. Wherever yours are, that's where you piece out. You're going to have to be one another. Straight one lots and getting out of everything at once. Then you're costing yourself. It might have been. So I'm hoping this retest fails and then I'll go short there. And then I can actually add to this as well. So this is because this is what you should expect. And the more you watch this, the more you condition yourself and you're just ready for the nonsense, right? It's like very rarely does the market just straight B line, right? It does sometimes, but most of the time, 85% of the time or more, it does that. So if you are ready for that, you're not like losing your mind on every rotation. It's just the way it's trade. Speaking of that, let's just take a look again. I'm incorporating this more and more in my trading. I use this for many, many years. I use Market Delta. When I, you know, when I first started struggling as a scalper back in mid 2000s, Dr. Brett Steenbarger, speaking of which, there he is. This is the book that he wrote. He sat behind me for a year and watched me trade and then put me in his book, right? So when this started going down and actually at the end of the book, it talks about like I'm the entire afterward. You can read my whole, you know, rise and fall from scalping. But this was right. Like he was finishing this book right where I was like done. Couldn't make money anymore. Scalping, right? Guys, and that's the other thing too. You know, I'm a real trader. I don't sit there and show you guys Lamborghinis and tell you how great I was. And yeah, I made $10 million in 2003 so on and so forth. I did, but guess what? I couldn't make money anymore, right? I went from rags to riches and now I'm on my way back with Bookmap. But I mean, my story is real and it resonates with a lot of traders because a lot of traders, you know, maybe they didn't make that kind of money but they were doing well and then it just stopped working, right? Or whatever you were using. And that's why you have to be able to adapt to these markets. But the point is, I'm not in here saying, hey, I'm, you know, this incredible guru and here's my Lamborghini and I never lose, right? But it should resonate with you that, you know, there's a saying having money and lost it is way worse than never having the money at all, right? So it should give you guys inspiration that I can take that kind of deal. I mean, I was a multi-millionaire trader, right? And then all of a sudden could not make a dollar. So then I always get that question too. I don't mean to go off track here, but we're just waiting for these guys because they will always get to questions. Well, if you made all this money, then why aren't you trading big? Guys, when you have a lifestyle and especially as a trader, right? You start losing, you're like, I'll get it back. I'll get it back. And then, you know, get it back and your lifestyle starts to get away and money you've got to save. And then that's it, right? So that's my story. Hopefully it's inspirational and hopefully you guys, you know, understand that I'm a real dude and I'm not just, you know, showing you winning trades and so on and so forth, right? Like you, especially in my trade room, they see every day, they see the human side of me. I'm a human. I've been trading for 25 years, but I still, hey, look at that. There's a retest in the zone. You guys ever see that? I still am human and I still lose my mind and I still make stupid, silly mistakes. I'm much better at it. But the point is that that should, you know, resonate with you guys instead of thinking like I'm, you know, got all mighty trader. You're like, Hey, he's kind of just like me, but you can learn from my mistakes. That's the point of the trading room, right? So instead of having to go through 25 years of beatings and, you know, ups and downs, you can kind of learn from my mistakes and be like, yeah, I don't want, I don't want to do that. Hey, I don't want to act like that when I lose it, whatever. Right? So that's the point of my trading room. And that's why I do it. One, it keeps me grounded. I was just talking yesterday. I was about to go on tilt. And I was like, I don't want to do that again. The point is, it keeps me grounded. One, two, I like teaching. Like I like showing you guys what not to do. So you guys can be successful and whether, you know, there's some people out there like, Oh, that's whatever. Believe it or you don't want to believe it. But in my trade room, that's what I do this every day and I'm human. And I want you guys to learn from that. All right. So that's enough of that rant. Here's a retest that I was expecting. We haven't quite gotten here in Nasdaq because you see this is why you don't know where you're going to get algoed most. Yeah. Are you going to once in a while catch that where you say, I'm sure I'm going to trail my stop and then it goes. And then you can keep moving down. Yeah. Most of the time. Did I mention 85% or more of the time? You're going to get this trade. Do you want them to take your money? They know nothing's going on. They sense it. Not know the algos can pick up just like we can pick up and see. They can see as well. When nothing's going on, it's okay. Let's just push this market as far as we can until somebody stops us. And then let's push as far as we can until somebody stops us. That's that. Don't get algoed. My stop is well above here. Does it mean it's going to be right? I'm going to be right on the straight. No, but I'm forcing this market to push through this volume event, push an ATR outside of the zone to prove me wrong. If something new comes in, then I will change my stop based on the new setup, but I'm not going to be algoed. It's hard enough watching it, because it's just dropped out in the middle of nothing. And that's where we are right now. This area is nothing. It's just literally void. It's algo void. And this is all fractal. This is forming what? A balance area. Here's our traders. Algos running it back and forth. The traders getting loaded up. The breakout here will be the move. Or head fake then the move. So don't get algoed. And you can see these are the zones that I have on my 60 minute. Transfer over to the five minute. We're just bouncing around the zone. So at the end of the day, I'll probably remove this zone. I think I'm going to probably get the zone offering the subscription. I'm going to try to get that done tonight, because it's not that complicated. I'll probably just have like a Google Drive where you guys can go to. And again, it's not rocket science what I'm doing, right? But it's just going to save you time. I have to do it anyway. So I'm looking at 16 markers. So what is wheat look like or beans look like? So then you don't have to go in and draw these zones every day. And here's beans. What do I see here? Nothing's really fired off, but this is what you should have. Any market you're trading, you should know exactly where you're at bigger picture. This looks like that to me. And the top bottom of this zone, top of this zone is basically the IMI node. So this is an area. What's this zone? This was a gap up directional conviction. And it happens to be the IMI node. If I get a volume at the bottom of the IMI node, if I get a volume set up in here, this is where I could be aggressive long. I want to look at my other stuff, but this is why I use these. You would be amazed if you just waited for these trading zones. And with the volume event, how well, how good of a chair you would be. You would be amazed instead of trying to catch every rotation in the market, which a lot of you are doing right now. So we're just getting out. Go right now. And I fully expected. Still waiting for a retest failure for there to go short. We already have a retest here. Now if this comes back down, now I can set up this trade. I already know this got an ATR below. If it fails again, I'm going to be short both markets. And we can play some, we have a thing in my room. I haven't done it for a while, but it's a theme song. You guys are too young to put it on. I'm talking about, but guys my age and what I'm talking about, the Jefferson's moving on up. So you blast that music throughout the trading firm, right? So we, what I've been, what I do a lot of times in my room is if I have multiple markets on the same direction, I'll play, I'll play some theme songs. So moving on up is for up and then highway to hell is if I'm short multiple markets, I'll put this trade in. And then I'll, I didn't even ask. I've been rambling. There's any questions so far. Let's just make sure the ATR is exactly this. So I can short when this comes back down 38 30, I can put on two and I stop out at 62 50. Well, I can't believe he's risking 30 points. Well, that's because of all he's telling me after 30 points not to be. And I know this market will be short. This is a pattern over and over and over and over and over. Any questions? Yeah. First of all, you heard it here first guys, perhaps you can find an edge listening to different music tracks. Maybe you could do some back testing on that and see which track performs best. Absolutely. You have an indicator in my head that's a signal to short. And it works very well. Some people use astrology. Why can't I use the garbage? I'm also a little bit disappointed you don't have a Lambo. I thought I might be able to get a ride one day. Great stuff there and lots of important points and a good example of Mark Douglas is number one rule that anything can happen with that Ukraine user early on. How did you see that news so quickly? Have you ever a squawk or a squawk box? Yeah, I have the squawk box going in my room. They can hear it. Yeah, I have a channel where you can hear the squawk hear the news. So I heard it, but Mark told me that's why I said I go, what is going on here? It was at 908. I knew there wasn't a number. That was the spike and I saw the security post. So these algos immediately. That's why you don't trade off the news, right? By the time you hear it, it's already up here. And then all the guys that piled in that, you know, manually are trading, then they get that. And they're like, what? They get killed. So stop trying to trade news events, first of all. Let the market develop and then you can trade off events with exactly what we're doing here. But I just, I heard it. I saw it first and you guys heard me. We were on the webinar and I said, see how this liquidity all pulled? See how it got like black hole? I'm like, well, somebody, something's coming out somewhere. And then I heard him say something as a ceasefire. And then he said a one day ceasefire for for Christmas. And that causes a 17 point. Yes. Whatever it is what it is, but that's I just heard it and I saw it. That's it. I didn't do anything off it. I'm going to now potentially. Right. So hopefully that answers that. But yeah, we have this new squat in my part of my trade room. Yep. And we've got a couple of questions on your thresholds as well. The market pulse thresholds. Mark. No, this is, this is not market policy. That's not even really shit. Bruce doesn't want me showing that because they're going to be getting a bunch of, but I have it on my, I don't have it up right now. But it's not released yet and they don't want a bunch of questions on something that's public. What I'm using is this trader map pro. Right. This is what I did. For. Here, we'll just do it since nothing is going on as usual. Oh, by the way, this again, this is coming down here. This will fill. But. The point is if you are watching this liquidity and this is exactly where I'm going to get filled to hopefully a bus through this time. You know, these are algos that pick up that size and then run it away. So my point is if you're short and you want to get out of some so you don't have to go through this torture, get out of some. Yeah. Like it's this is exactly what I said. It'll make it down back down here because why? Because these players will push it down here. How do I know all this? Because this is the game I used to play guys. This is what I would do all day every day. I would look at below here. Where do you think we're going? It's like, does it mean this is where you have to determine? Okay. When's it go time to get down here? Right. And we have a vine event. So. I used to play this game. I used to literally have like 1000 months. And I go over this every webinar. I understand but it's just good to watch. And I'm going to have a video when I release my new course we're going to do like a presentation. And I'm going to show you guys me trading live back in the day again. It's not going to be for kids because it was not a I had some choice words all day long. Because if I don't talk out loud, my head will pop off. But anyway, I would put my orders in like this. And then I would just play games and I would like the market would do something like that. And then I would wait and then I would test it. Saw some, saw some. And then there would be no response. And I would just step on the gas. I'd sell another like 1000 and it would run right into my bit. And then I'd be out. Right. So that's the games that are being played. This is why book map is the key to my trading. This is why I'm back in the game. If I did not have book map I would be in medical sales. I had to leave the business. So I went from multi-millionaire Lamborghini guy. I didn't have a Lamborghini but you know what I mean to kissing doctors. To kissing doctors I didn't have an edge. There is no bigger edge. I can't say it enough than this information that book map provides you. I mean this is why I'm doing the webinars form because I am so grateful that I was able to get back in the trading game because I would not be. I was at best, at best average trader, at best. And that's with all my knowledge. Right. I needed this information. That's why I keep telling you guys I don't give a flying you know what how great of a market technician you think you are. You do not have all the information if you're not using this stuff. Hey look at that look what's filled there shocking. So now I'm short. I'm doing a lot of chirping today. I'm like losing my breath I'm talking so much. Let's see. I'll just take one more look at the ATR. I usually don't change this especially for reversion trades in the room. Once I'm filled but I just want to see see we're back up to 8.44 so I will you can adjust your stops based on this. So fill was a little higher than that. I don't want to hear it. I don't want to risk 30 points. I don't want to risk 30 points either but I have learned my lesson not to mess with these algos. A little hugs for you guys. I'm not going to try hugs on the webinar. I'm watching all those markets by the way. So anyway once again why do I put my stop that far I'm forcing this market to get through this volume of that and a full ATR outside here. I don't want to hear it. I don't want to play here outside here. Then I say okay uncle till then especially with my thesis and everything else I'm thinking we can get and then this is the ultimate thesis is taking a look at this or do you think we're at it again every webinar I make a golf bet whoever wants to bet me golf I will bet we will tag we'll even use the same amount so we'll say 20 what is this 20 points so I'll get down this would actually be still inside that zone yeah just about 30 to 50 I'll bet you even money here that we get down on this liquidity before we get up to the same so 20 points 20 points down liquidity before we get 20 points up whoever wants to bet a round of golf let's bet and then let me know when you're in Scottsdale and I will collect on that because that's where we're at and that's saying it's for this are 102,000 so I just want to see this is different than this chart obviously it shows everything this is important obviously you don't get the SI indicator stuff here I just have delta CBD on this chart this is where you get everything else but this chart is just specifically showing me 100 lots or more in the order book very, very important these are the big players I know 100 doesn't seem like a lot of people are going to do like when he first was showing me this he's like I do 25 as the big player I think he even said 10 I'm like Bruce 10 is not a big player it's a decent size chart but I want to know the whales and I know you think 100s are not whales and the way the market trades nowadays in the old days when I traded it was 1000s and I was one of those guys but now it's 100 just because there's nothing anyone who traded back knows exactly what I'm talking about it would be like 1000 2000 2500 right it kinda looks like actually let's look at bonds bonds probably looks a little bit like that now not bonds but 10-year notes that's what the is just to look like so why is that important because if you're wrong and you put on a trade you can turn around and get out now if I were to sell like 1000 look how many price points I'd have to sweep to get the hell out of the trade kinda like the stop run right 100 lot nowadays is actually a very big trader not that there's guys still trading 1000s but the point is they're willing to lay it in the order book and it may run something comes out right now it could just run over it right so the point is I use 100 to 100 to 1000 there NASDAQ I'm using 25 to 1000 you can make a 10,000 I don't want to cap on the size on the upsides I want to cap on the downsides so I'm not looking at irrelevant size right so here's what NASDAQ looks like this is more of an now you see that just pull this is more of an algo you can see this is probably where we're headed very soon right speaking of which we never retested this zone but I was already short there so now short both if I had full position on I would play highway to hell but we're not going to do that right now or the other one's free falling I'll play any other questions? yeah we've got another question on thresholds this time the the iceberg stops in icebergs for NASDAQ what are the thresholds you're using there I went over that 150 is what I use oh you went over that okay one second you forgot to put this order in of course and I had a question 150 for NASDAQ I had a question on this NQ short I think it's quite an aggressive short maybe it's mainly for the benefit of the webinar but is that something that you typically do because I think it's quite a common scenario where perhaps you don't get filled but everything looks good and you don't want to miss out on the move yeah I do that that's what I was talking about right so if it's an area that I and this like I said I could have gone full size here I determine that based on that's what I go over this will be talked about every morning in my trade room I'll go over the main markets and I'll say this is where I think it's going to happen I want to be aggressive versus not aggressive right so when we were looking at this remember we talked about this as far as this was kind of showing its hand so this is today's trade and let's put this market opened up outside of this retested it tried to get back inside no dice that's telling me that's going to happen right that's on top of what we saw in the chart here my zones that I also are an integral part of my trading we came up with a story here too this market opened up this is today opened up here get first fall gap lower so I'm going to draw a zone here tonight that'll be in there then we opened up directional conviction right through this zone came back through it actually I'm going to keep it just because it's the bottom of this balance but I drew it because of all this you know buying tail directional conviction buying tail buying tail buying tail right so that's why this is here but we ripped right through it right there that was information this market if this was going to just bounce again it should have held it went right through it it did bounce this is the juke move on the breakout of this this is what happens all the time comes back what is the test high buying note which was also what this zone that I had already drawn from these two buying tails that is actually direction equation so this zone is still valid then it led to another tails are just instant rejection right so you can see this was perfect I didn't do it this was here before the before the open I put this based on these two tails but the story I got was one it ripped through this came back held where it should have held now if you get a volume set my point is you could be I could just be aggressive because this looks like it's going at least to this zone maybe even lower probably even lower I should say because why because now you're below multi day week structure all the traders that are along and here that we're holding are now are like oh crap the first time they got they thought they got lucky and then they're like oh no oh no and now you're going to start seeing some stop runs or you should right so that I know it's simplistic guys but that's actually if you make your trading simple you're going to do much much better that's what's happening so now my point is if you're getting volume setups you could be aggressive I got in one I could have gotten to but I knew if this didn't move lower I was going to be short ES2 so that I am pretty much aggressively short right but I would have gotten short on the retest failure that's only just I would have added that aggressively and that aggressively I would have added to that trade it just didn't happen at least I have something on but my point is that's discretion that's the back in the zones to market profiles that's what I teach in my room right that's what we go over every single day once you understand that then you can say I'm going to be I'm not waiting for a retest this is not going to retest I think this is going to zero and then you then you just get in once it gets tonight outside of an ATR you don't wait for the retest we saw so this one didn't retest ES did that's the risk that you that you take waiting for a retest right then that's your own judgment I can't you may be looking at other things I'm sure many you have 85 things on your chart right and you if they're all lined up which they never are that's why you don't want 85 things on your chart because you're conflicting information but if everything you get enough thing we talk about the scale all the time right there's always going to be bullish factors bearish factors you get enough on the bear side then you say okay I'm taking enough of your stuff that you look at looks bearish retest because I may not get the retest you've got to be okay if you're going to wait for the more secure trade you've got to be okay if you're waiting for that sometimes it's not going to do it you've got to be okay with it because trust me even if you miss this one yeah it's a high price if this starts moving lower you're going to get a new setup especially if it breaks the spot gamma level and you can see once again it bounce I didn't get out there because I'm not risking 30 points to make four right I was just hoping it could melt right through there or I'm probably going to be tortured of this trade it would not surprise me one bit to see this do this 15 times and then once the guys get back from lunch from New York and then they lay into it and then it breaks right doesn't mean it can't happen right now but this doesn't surprise me right especially often this is a major major level that's what I was getting into I think it could break down through there obviously or I wouldn't have gotten sure right here it even says right and he's starting to put this new map up it even says let's see and large support persists at 3800 so 3800 is in the cash market that's 3825 in the futures and that's what when you get spot gamma you put these directly on your chart right this guys this is the game this is why I don't trail my damn stops I had some profit in that did I say I'm moving to break even now you're out and then it's going to do this and then it's please don't get algoed did I mention that today and then what else is I going to say I forgot what else I was going to say so did that answer that I can't remember what the question was but hopefully that answers that pretty much answered thank you we have one other question as well Sousa says volume events are your main driver for any market why do you not trade currencies because book map also works with the futures currency CME markets don't even get me started on that one well I did but mysteriously like 6e you know I don't trade 4x first of all I don't get that information but you can't get information on book map on the CME currencies so the 6e and 6j and I did trade those and they're part of my prior course my original course that's my indicator course because mysteriously they stopped showing icebergs in the markets and I'll give anyone you can go ahead and guess silently why they did that and I'll go ahead and give you my opinion again this isn't I don't know for sure but I will end up that money because I just know how it all works I know how the big money runs the show they are the driver of these markets and they make the calls I will bet you enough banks bitch that people can see what they were doing that's what icebergs are guys icebergs are hidden orders in the order book they're hiding them for a reason right because they don't want to affect these markets they put in big size we just saw what happens when a market originally comes down to the size where's my market map so we saw when this market originally came down eventually broke through but we saw when these algas picked up this size what happened you can't see it now this was 500 where it came down algas picked it up let's go ahead and run away and make them try to chase this popped 12 points away from this liquidity that's why you can't drop in big orders you drop in big orders just like the news event these algas pick up that order and they try to make you chase the order try to make this big trader chase the orders worse fills they get better fill because think about it they know if I put in 500 they know I need to buy you think they're just going to sit here no they're going to say okay you want to buy them how about you come up here and buy them for me up here how about you pay 42 instead of 30 see how the game is played right so then once the guy chases it up then it'll go right so that's the whole reason these firms are using icebergs they are hidden orders in the order book when they put an iceberg see there's a couple but when they you know when they put an iceberg in actually this was part of this one right here so this was sell ice this was not quite threshold it was close we talked about this this is part of this double whammy the dumb money puke into the smart money these are the smart money they only have to show like I don't know the exact percentage I think it changes but it's like 10% right so if they've got 700 they want to sell up here all they have to show is a 70 lot and then the market eats into it and then all of a sudden you know they get all these aggressive buyers into the 70 lot I'm doing air quotes then it's actually 700 behind it well they have to hide their orders or else the elbows were running away from them because they know they need to do their order so back to the see me or the not see me the the currencies for some reason the icebergs they don't show them anymore so book map doesn't show them or the reason book map doesn't show them because they're not getting the information anymore so but again my personal opinion and I would venture guess I'm right is the big money said we don't like that they can see our orders and with icebergs please remove them Mr. CME and lo and behold they disappeared so you can still see stop runs but I'm not getting all the information in those markets anymore so I'm not trading them right because it's the drive like you said it's the driver of my trade so that is my personal opinion there could be other reasons I don't know but all I know is you can't see the icebergs in there anymore and I'm not trading them because all these markets are trading and this is where you're going to get with my zone offering the subscription again it's pretty damn cheap for what you get for but you're going to have all these markets I mean even if you don't trade these you want to start watching them because it's all the same stuff man I don't care what I don't care if you're trading crappy corn it's all the same stuff know your zones use your Ludwig levels use your market profile look for volume events at threshold in these areas holding yourself into one market like the crappy ES that most days just does this rotational nonsense you're doing yourself a disservice especially with the power that you have with this information start watching I know people don't have been to watch 16 markets but you should be watching at least you know two or three so if nothing's going on in here you can jump over to crude right actually I missed a trade here because I got on this webinar I was waiting for a retest and you guys ever see this routine it is that I don't care what futures market you show me it's the same stuff as long as you know the thresholds and that's what my SI course shows you are the proper thresholds for each of these markets this was a monster stop run this was an ATR more than an ATR this was a reversion back into the zone and this is not coincidence to stop right in the zone these are loaded up traders please come back so I can get the hell out and then it takes off this is this is the game I mean if you like you know 150 tick trades I was going to trade this and look at right here I was watching this and I got sidetracked because I was getting on the webinar thanks a lot Sam and I didn't get long met just kidding you can blame me that's fine guys you're looking at it this is the routine this is the game if you understand how to trade these you are now in this long almost 200 ticks 150 to 770 ticks it doesn't matter what market you're trading right so you understand that you understand how those you understand especially at this time of day especially in equities you are very much probably get that right so as long as this doesn't get all the way through the zone and the ATR then I'm just sitting and or an opposing of another setup comes in and it turns into a bullish setup and then I'll get out but until then they can now go all they want they can now go for the next six hours I don't care I'm sure I feel like I've been on this webinar for three hours any other questions I think we're getting through a lot of talking on this much we're more or less finished the questions I've got a question on my own I mean you touched on it earlier about making human mistakes when you've obviously got your rules and you've showed that list from the trading in the zone there but you have like a process in place to to kind of keep your mind check mindset in check because it's one thing having rules it's another thing following them and you got that right you know what like I said what keeps me in check most of the time is my trade room and you know I do two live webinars just like this every day most every day I golf on Friday afternoons because I got to get the hell away from these screens once in a while that helps keep me in check because even though I do make an asset on myself a lot of times like when I go on tilt and I start and I complain nonstop again I'm human but that is very minimal for what I used to like I used to be a complete hothead right I'm a very emotional guy like I wear my emotions on my sleeve and when I feel like what was yesterday it was something oh I remember yeah this is what started the con I almost went until yesterday so I had we're working a reversion trade in my room and we're waiting for Rita I had my stop in I can't remember exactly but my stop was like this was an ES on top of it it was like we were at I don't remember the price but it was like 38 30 was a low in ES and my stop and because I was trading the micros for the for the strategy in my room my stop of micros was like 30 it was four points away so the I hear myself get stopped out and I look at my screen the market didn't even trade down there like what the hell is this and then that's when I start going down that rabbit hole right because I just imagine someone comes in your breaks through your window and steals your wallet off your desk that's what it feels like to me right because it's the same thing someone just stole money for me that price did not trade you know it obviously traded but my point is it didn't trade in the big product and I understand a couple ticks of slippage it shouldn't be four points that's his webinar that's my point like if I was by myself and not on a webinar right there something probably would have been broken in my office because that's I just I try to I try to contain myself but back to your point right like everyone has a plan what's the Tyson saying everyone has a plan where they get punched in the mouth you know I'm much better at nowadays I used to be like back in my trading firm holy crap it was it was really bad like very immature like the best of me so what I was trying to say is the you know that my webinars help keep me in check that way and I'm better at it too you know I rarely like lose my mind like very very rarely once in a while I do and it's like a trigger right like you have this trigger in your brain like there's certain things that if they happen it's like I just go right down that rabbit hole like yesterday like it was nothing it was micro trade it was like I lost like 160 bucks because we're in there as a strategy but it doesn't matter about the money it has nothing to do with the money it's the principle of the thing that I started going down the rabbit hole there but yeah you have to it's called conditioning you've got to condition yourself just like you've got to condition yourself for this nonsense right if you understand this is what markets do when nothing's going on you're not panicking and trailing your stop and doing stupid shit part of my language right you're like I mean with the mental stuff like the more you understand and the more you can catch yourself you know and I talk myself off of it all the time you know especially in my webinars they'll hear me saying it like I'm about to go on tell then I'll talk myself off of it but that just comes with practice like you again everybody has a plan and they get punched in the mouth everyone's like oh that'll be fine if I lose if I like this one right here how many how many people like literally just got off this webinar alone when this nonsense happened the Christmas day let's rip 17 points because they have a one day Christmas trees I mean if I was short there trust me this would be a different webinar right now I would be I probably would have just had to end the webinar I would have been so mad so I can understand but even if I did I can control myself the point is you're going to get this you're going to have this happen did I mention number one here anything can happen but you have to go through it and learn to deal with it and condition yourself for when that happens there's just a loss in that I guarantee a lot of guys on here did guys and girls you got to understand that stuff happens move on to the next trade even losers this could be a loser stopped out if you have an edge now we're going to the trading in the zone rant here we go learn to trade an edge like a casino and this is why we even have the new trade and I've got literally 30 on the back printer that I'm going to introduce my room as we as we move along one is enough I'm going to show you some of the options on this one but it all started just by trying this this exercise this is directly from trading in the zone get the book the purpose of this exercise to convince yourself the trading is just a simple game of probabilities probabilities nothing's for sure at the micro level the outcomes to an individual edges are independent occurrences and random what are you watching right now randomness my stop down in the randomness right I try all my I put my stop away from important volume of that on to the rant at the macro level the outcomes over series of trades will produce consistent results if you have an edge as I'm showing you the edge I'll go to my grave saying this is the best edge I've ever seen in futures trading I would say I'm not saying Mr. Lamborghini God trader but I'm saying I haven't experienced that for the last five years and trading millions and millions and millions of contracts that I can determine what is an edge and what is the best edge I've ever seen and this is the best edge I've ever seen so I know even if something say they come out and they say they're going to celebrate they're going to have a ceasefire for Easter and it rips 30 points and I get stopped out okay am I going to be happy no do I understand that could happen yes do I understand this is an edge I'm going to have the next one because they may they may say Halloween is the next holiday and I'm going to I'm going to get stopped out no I know I have an edge I put on the next one and this is back to this is what he likens to the casino right and he talks about anytime you start to doubt and say oh I'm not going to take this one just think of casinos that's why they are in business because they know over the long run because of the math they don't make money there's going to be days weeks sell the months but days and weeks that some whale comes in there and waxes them for a couple million bucks they have that all figured out do they change the rules of the game I shouldn't actually say that they will they'll ban they'll kick guys out if they kick out cards don't even get me down going on that rabbit hole but overall they don't change the rules of the game if some guy comes in and beats them a couple of days a series of trades macro level outcomes over a series of trades will produce consistent results it's the same with a trading edge if you have a trading edge and you follow it and you're consistent with it and you take as many as you can right and then we can go on to this more as I catch my breath but any questions on any of that Bruce not Bruce Sam sorry as I watch I'll go yeah I guess when you start having success that kind of reinforces it as well acts like a feedback loop and you can start to believe it but it's a it's a really good point you make a lot of people maybe don't realize your trading room helps you and it gives you accountability having an audience keeping you consistent yeah absolutely and as far as the success and the winners that's exactly what I what I talk about that's what journaling is right when you journal yeah you want to talk about the best stuff but you want to be documenting all your winners and something I learned from you know when I got back in business 2017 ish you know when I got back in the business I was studying I didn't want to trade futures I want to trade stocks because I was beat up trading futures right so I went to stocks and the main thing I was trading through SMB for to SMB they're not SMB futures they're SMB whatever they're very legit if you want to trade stocks they're your firm so anyway I was learning to trade stocks and one thing they talked about and this is where I have a problem right when I'm wrong I want to know why I'm wrong well guys a lot of times you're not going to know why you're wrong because it's random when nothing's going on you're not going to know why this popped up most of them a lot of times you want to know when you did it right so we're doing this trade in my room and I go in here and I show the one trade that we're working on here these are all examples of every single time it worked we've got probably 100 of them now only over 3-4 months so the point is when you have a winning trade here we go back down to this spot game level if we can punch through here actually let's take we'll get into the footprint here a little bit too with the footprints doing but when you not that you don't want to I still do it because I still can't stand being wrong I want to know what I didn't see it'll help you see what you didn't see but spend most of your energy looking at the trades that worked and what worked in those trades that's why I document everything in my room as many as I can so all you got to do is go back and say oh yeah I saw this oh I saw that again I saw it again saw this tendency and then you develop your playbooks that's your edge let's look at why am I losing my this is not the right second here let's get this back up I'm incorporating footprint more this can be a lot more of my room again I use this for so this got me into the whole rant with Dr. Steinberger he sat behind me for a year anyway he introduced me to Market Delta back then and yeah it's useful I just never I just never had a sustainable edge in it ever and I used it for a long time because that's all until Bookman and when I saw Bookman I'm like holy crap this is like Market Delta on steroids times a thousand so Market Delta is actually no longer a business it shows you how well the footprint works most of the time but there are instances that you can use it what am I doing here trying to find it oh I got it here again this is very crude and not crude but this is somebody in the room that shared this with me so I did Sierra chart you got to do everything yourself this is on Sierra chart but so you can see here look at the difference right now this is where this can really help you especially if you understand the areas and the setups and so on and so forth this first time down look at the Delta and down below there's actually net buyers look at the difference now now there's net thousand sellers this may just push right through now see the difference see how that can help you where especially it important to say we're coming up to liquidity like we talked about how the markets run away from liquidity well if you come to liquidity and you see that you're like yeah I'm out if you come to liquidity and you see that you can punch right through there as this is what drives markets this is it I don't care what lines you have in your chart they are insignificant unless the volume is actually occurring at that area that you know you want to see so that we're going I'm going to be doing a lot more in that room so this has a very good chance of punching through here let's see if not then this could be right you know not for my trading but you know if you're looking at this so here you go there's another thousand coming in 867 so yeah are the aggressors right now the sellers? absolutely but guess what if they do that and then they do that and then this gets above well guess what guess who's off sides the buyer or the sellers and you can actually you can come up with a trade plan just on that alone without book map just this alone you could again over years and years I used market delta for about 12 years I didn't see enough of an edge where you know yeah specific instances you'll see and then yeah then you place your stop right below there so on and so forth but with the book map information and then this then now you're talking about my point is these sellers are now off sides here and they're getting aggressive if you get back above 29 we're probably going to pop right and that's not part of my trading plan right now I'm starting to introduce a little more right there's no reason to watch this and come all the way back to this zone especially at this time of day if I you know once I start to incorporate that in this trade these are my current rules so this is how I'm trading this but it's just an example how you can keep an eye on this delta stuff footprint to determine hey what's the difference what's different now from the last time this came down here so on and so forth especially at lows of the day so on one yesterday I shall show you it was right at the end of the day see this is on my other computer and let me see if I can pull it up here that's it yep so this is right at the end of the day it's led to like I think it was like a 25 point move in the ES came down so you had aggression aggression and you're also going to learn the more you look at this hey what's a lot of volume so this is just the actually that's the CVD that's what you know book map shows on with that line I was looking at but this is showing you the total volume for the bars when you start seeing this like stuff like that you know so you can see this came down here the first time 700 actually popped up there was still 700 sellers came down sellers made a lower low buyers came in these sellers off side gone right this could be a trade plan this could be a specific setup you look for especially say it's a prior zone or say it's liquidity or whatever this is telling you it came down here I haven't seen the sellers way so what I've been saying is this exact scenario could happen right here am I going to trade it no because I just have not incorporated enough right now but I'm getting back in it now that I have all the information and book map that I have now I can make use of this in my opinion so I'm going to be doing a lot more than in my trade room as well so let's see what happens here so sellers sellers that actually remembering if you're watching this this was almost a thousand so the buyers came in now if this gets above here you're probably going to see some kind of if this holds and goes lower well guess what this bar even though this is why it's not only you got to be keeping an eye on this right because you're just like yeah there were narrow buyers well this was this was negative almost a thousand buyers were very aggressive here guess what if this comes back and gets below here well you still got these that somebody just laid into now these guys whoever bought this spot gamma level said yeah we're going and this doesn't go that's going to lead to the next wave so this is how you can use this stuff and like I said I'm going to be doing a lot more than in my trade room let's keep an eye on this but I have in the game you can there's a very good very good eyes we're coming down to this like right now first and foremost that's probably who is part of the selling whoever's sitting here like I told you the games I used to put in my thousand lot and I'd wait and then I would lay into it and then I try to get some guys in my coattails and they push it right into my bid and I'd be out so I can promise you some of that liquidity is probably some of these sellers trying to push it into their liquidity right here this thousand delta a lot of numbers and stuff today something else is coming out I think it's some auction see it does have an effect and then let's just take one more look at this the heat map I keep calling it heat map but the book map is a heat map this is trader map look guys I mean it doesn't mean so we did a room webinar with Bruce a couple weeks ago and you guys have access there's another benefit in my room you have access to like 500 prior webinars for the last two years that I've done Bruce came in last week or two weeks ago he talked about we had this exact scenario we saw liquidity and then a bunch of liquidity it was actually liquidity was above that day and we were doing one of these and he's been giddy like I told you guys in the webinar I did with him the last couple of ones last time he was as giddy as he is now about this stuff is on the SA indicator and I didn't listen to him for like three, four months and then I finally looked at the SA indicator and I'm like holy crap man you are right that's the most powerful I've never seen so last time he's been that giddy I mean this is the first time he's been that giddy about something that came out so and we were doing this it was like in the middle of the black hole and I'm like well how are you how are you determined which way you want to go and he has certain things he looks at too he's like well I just wait for when I see the buyers engaged and then I get in and I try to ride it to that liquidity and literally watch the webinar in my room the buyers came in you like saw blue bubble blue bubble and I think there was a stopper or something he's like yeah I get long right here and we went right to all the liquidity so that's how you can kind of judge it doesn't mean you get a volume of that or whatever you look for and it breaks it those are your targets simple trading is simple not easy but you can make it simple make it simple on that note still short these markets still planning to get tortured I'm hoping this can break here but probably won't and I will adjust if a new volume set comes in keep an eye on this and I'm short and ass deck as well got a round of golf at TPC if you guys want to come out I can cash out right now we can play some golf and that's all I've done and any other questions stay in before I yeah one final quick question hopefully slow down and disco is asking about the footprint chart is it a one eight pnf I don't even know I know it sounds pathetic it's something like that I get somewhere from my room share this with me because I was starting to build my friend scratch that's the one thing about Sierra charts it's a great program it's cheap it's cheap for a reason because you have to build every single thing yourself so anyway I just brought in his thing I mean I'm sure there's a way they tell me how to do it and I'll tell you let's see studies and see what it is like I try to look at this and I just I get lost number bars if anyone knows tell me and I'll show you what this is set to you know back in the day when I was using market profile yeah I would use the one and eight so the point figure is just every time it goes a certain range it builds a new so I'm assuming all you gotta do is look at it actually let's just look at it I think it's probably a two point let's see this one was 31 down this one looks like a four point about two and a half points three quarter points this one was from 2850 down 2475 so it might be a 10 or 11 maybe if you know a better way to do it again I just I just I litter it when it comes to the technology stuff I just brought this in recently because I wanted to start to watch especially for the reversion trade we're doing I want to make it better because it's a it's a very raw trade and I know there's a ways to make it higher percent or higher probability trade so that was the main reason I started wanting to get back into the footprint so anyway he shared this with me if you know that are you getting any answers on how to show the exact settings for this Sam? no oh Charlie says upper left 3.75 range bars oh yeah there you go so I said I said I thought I was just under four there you go it's just range so every time it moves three outside 3.7 points it draws into you can use five minute different guides so this is again this is more of a subjective type of thing some guys have five minutes some guys have ten minutes some guys have every two points some guys have every four points you've got to determine for yourself this is fine for what I want to see right because imagine if you have this five minutes well this is going to look different from 921 to 925 this whole bar is going to look different with your delta it's going to actually probably show pretty close to a positive delta that's a whole different that's another reason that I couldn't really find a perfect way to use the footprint because it shows you one thing you look at it another it shows you another right so this is fine for what I want to see especially when it makes new lows you want to see hey the buyer is engaging so this should right now this should rip I mean just based on this I'm not trading this I'm just giving you an example these sellers were aggressive there was aggressive sellers here we watched it was 900 and then as it came up it got down to 100 like still minus 300 then you had buyers well these are invested traders this should rip should if this doesn't sell you next time down here bye-bye and I still think that's going to happen but this is how you can use this it's still very subjective this is not this is not subjective how you trade we talk about this every webinar too guys this is the science there is no disputing these are stop runs actually what was this this wasn't official was it in here now wasn't official this is the science this is what I draw actually it's not that sorry was this over here right this is there was no disputing there were 900 Christmas Ukraine Christmas stop runs right there's no disputing there was almost 700 sellers here how you trade it is a subjectiveness I highly recommend you trade it in some shape or form the way I'm trading it until you understand what the hell you're doing then you can tailor it however you want to tailor it right if you come up with a better way to trade it let me know I'm always hope I'm always you have to adapt your trading this is why the way I trade these are different than I traded them two years ago I still my course is still really relevant with the you know with the thresholds and how and what the setups are so on and so forth but I trade them a little differently with the ATR and hopefully you can gather enough here to understand if you do have the old course how to trade them if not try my trade room it's pretty inexpensive for the information you get I would think other than that those are my rants a lot of talking today some trading that's about it okay questions if not I think I'm in this your other guys time yep let's let's call it there then thank you Scott good stuff as always I appreciate you sharing your experience with us and guys if you found this useful please smash that like button on YouTube we had one guy in the chat asking about the trading room so if you do want to learn more or hear more from Scott check out his website scottpulsinitrader.com and the details are in the description of this video so yeah guys it's right just go here so it's all here just go in here you get your different and then you get percentages off my courses and stuff as well this is only through my site you can also get in the bookman marketplace but you don't get the discount you get the discount through my site you know based on whatever plan you did that's all I got okay thank you zero this afternoon hopefully there's no Easter Ukrainian I mean I don't mean hopefully there's not a ceasefire but hopefully it doesn't the markets like this ridiculousness did right okay thank you thanks guys alright guys see you again next week yep thank you appreciate it bye bye