 How can you okay? Good morning traders. Welcome to the book map live trading webinar today with Scott Pulsini We do this every Thursday It will be live trading And it is in simulation demo paper trading account. I'll go over that in just a minute here It is in simulation. So you understand what you're getting involved in that's important This is for educational purposes only so you guys know who Scott is or his backstory here Very interesting story featured in a book by dr. Brett steenbarger And I've been training for for quite a long time here I have Scott's contact information. He does offer mentorship and educational services I'll be putting these into the chat for you if you want to reach out to Scott All right, let's go through the disclosures and turn it over to Scott general disclosure all book map limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance The risk disclosure trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors and investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results Okay, so let me turn it over to Scott here and Scott if you can share your screen Jeremy. Yes. Yes There it is. Got it. Yes All right, just hit some Goodbyes fire off here in ES right on cue start of the webinar You can see here. This is over a thousand by ice This is uh, well it was an important zone. We just kind of knifed right through it, but I So this was an important area this was a gap up directional conviction that led to this whole up move This is the first test here. This was the zone a little bit below it, but somebody's buying it here So if this does not hold it could get ugly. I mean technically we already are through This prior balance this was the high volume now that was basically this Area here and then this was yesterday's balance and we just broke down from there in here Many times when markets break down from balance, they'll come back They'll retest either the bottom or the high volume note and then continue down It doesn't mean they have to but these markets do it more often than not so but you can see here There's no structure here, right? So meaning there's not prior traders that are You know come in that were committed that area many times traders will hold until the area comes back obviously this would have been a long time to hold but Anyway, there's nothing here. So this thing could just scream straight down here So, you know, if you're if you're just playing the bar charts here just guessing here You're like, oh, is this gonna hold is this gonna break? I don't know what to do I'm gonna buy it. So the thing is That's what the real-time buying is that's why it's the king, right? This is the best edge you can possibly have you know, you're important areas Which this is and now we have a real-time volume event and we trade off that event You know, I will go long. I'll go shorter. I have no bias. I mean, obviously this is a this is back turned back into a bearish market intermediate term longer term but I'm a day trader, right and I trade the volume setups as they come in so and I know this is important zone So this could bounce here as easy as it is it can knife right through again If you're trading the the bar charts, you have no what to do here as far I mean, you just put on a trade and hope this is telling you what however this reacts to this large bias is Probably going to be an extended move so the way we trade this is look at our current ATR average to range that gives you the current judge of volatility This is up here You can see six point nine five so seven points is your ATR Then we take a look at our leg with levels. These help me These are incredible for day trading support resistance and also coming up with a story on what's going on Oh, and then we also have the blue lug which is very very powerful as support So this is there's a lot of confluence here, right? You're in that important zone You got blue lug and then you get your volume event So at the lugs I take the trades aggressively out of here so aggressively means I am getting in just outside of ATR out here, so we know ATR is seven right so the top of this zone was 22 and a half So it means 29 and a half would be an ATR I go a little outside the ATR because you have these algos that get to an ATR And then they whip it back into the zone, so I'm going to get in 10% more of that so seven So it's seven points 10% of seven points is point seven five so basically three ticks So I should be at 29 and a half for a full ATR. I'm gonna go three ticks higher than that. So that's 30 So 30 quarter will be my entry on that The other thing you have to figure out, you know is your risk Because you don't want to be over trading your account. So for my current P&L So first of all if the ATR seven so I'm basically risking Seven seven and a half above seven and a half below if I were to put my stop before so if I get filled here I'm risking then an AT outside an ATR below here. So that's 15 points alone. And then this zone is another Looks like seven points, right? So that's 22 points. I'm risking on there So I go to my risk spreadsheet with my P&L in here. It's actually probably a little higher than this I just haven't updated it So with that set with that P&L and means if I'm risking 22 points I can put on a three lot right and this is risking 2% of your account size on any given trade You should never be risking more than that You know if you if you are you're playing with fire, you will be earned eventually and blow out your account by trading too big so you limit your risk to about 2% of your trading account on each trade and You know five to six percent in a day if you hit that six percent mark you should be done for the day tomorrow's a new day You'll be clear much more clear-headed and not emotional because you're getting your face kicked in So, you know, you talk about this all the time you can you need a broker that you can set up but just a mandatory stop because Like I'd say all the time people always have a plan like Tyson saying everyone has a plan Do they get punched in the mouth right like you think you'll be able to control yourself? But trust me there's gonna be times where you get so emotional and then you just you basically just say screw it And you keep throwing in orders and all of a sudden the end of the day You blow 80% of your account and you wake up the next morning You say what was I thinking right don't get to that point have your brokers stop you out at a pre-determined level And then they turn you off basically to the starter glowbacks and then you restart and then tomorrow's another day I'm not gonna get down go down that rabbit hole of a rant, but Probably the most important thing you can do when you're trading first and foremost before any of this other stuff You need to learn to control your risk All right, so that Order is resting. I'm getting in once again aggressively. I know this Pretty much through that zone, but you mean you can see all this confluence, right? So we're close to this Prior market profile composable good in that blue lug extreme standard deviation of view app Some other important things that we look at in my trade room is this is called the edge This is showing you All 500 stocks in the E-mini S&P 500 whether they're above or below their five minute task boxes It's a task product So they're just like many market profiles You don't need to know the insurgencies of that all you need to know is if this this is the 67% line if the You see the color so red means it's oversold above the 67 it could get all the way up to you know 90 technically 100% Right, we saw 90 the other day But the point is when you are above this level you don't want to be initiating shorts if the reds above there You don't want to be initiating Longs of the greens above there because you get the pullbacks, right? So the point is this long is even looking even better because we're close to oversold as it is Based on this short time frame reading So we've just got a lot going for this trade on the long side if this can get back above this Oh, if this doesn't if this gets below here Well, I want to I want to see because I don't sell into lugs. That's how powerful. They are right unless I see some extreme relative volume So check the relative volume here, but I don't think it's that extreme. Yeah, so Now we got close to 200% which is just means two times normal volume for this time period at this bar here It's nothing crazy, right? So I'm not gonna unless I start seeing yellow bars like you know what happened here overnight That just means it was over 200% I'm not I would not sell into a blue log because it's more likely if there's not the big money's not coming in It's more likely to bounce than push through They could push through but then I then I just trade my setup In a conservative manner. So my this is the aggressive entry where I hop in just outside in ATR My conservative entry is when I wait for an ATR I wait for a retest of the area and then it fails I get in I get in that trade just outside in ATR So we're just waiting to see what happens out of this. No, and that's how I trade those So there was some pretty massive ice here in Russell earlier as well by ice It's here yet again 74 1 0 8 none of these are threshold threshold for Russell. So when I say threshold there Different markets have different amounts that I pay attention to that are worthy of trading and that is just from trading thousands of these setups I know each market's thresholds that it's worth the trading a lot of guys that don't really know what they're doing They get the SI indicator and that they're trading every spike in the SI indicator That's you know, you don't want to be participating if it doesn't get above a certain level So like I say webinar, that's what my trading course the SI indicator course You can get on the book have marketplace in my in my website as well That goes over all the setups and the thresholds for these markets So you know exactly what is worthy of your trading and actually this is coming in again So we can draw this on right now Why I keep getting the sounds for the I just disabled it when I was on was saying like every time someone enters the room I get the sounds. I don't know why that keeps happening. Why it keeps every study Yeah, I think you you probably have to go through it again. I can I can I can show it to you Scott Okay, so what do I do here? So go to settings bottom No, not not there. Yeah. Yeah, and then go to it's alerts or what is it? School down hold on no notifications A little bit above there you go And then scroll down now. Oh Yeah All right, we'll come back to this Yeah, you got a decent like basically all of them But I don't know what happened because I did it I did it last week. I don't know just like resets I don't know. All right, so you heard that stop run here in Nasdaq That was 190 stops that's above threshold threshold for Nasdaq's 150 draw that zone and You may have multiple market lungs here and then if that happens that I can play The Jefferson song moving on up if I'm on multiple markets, that's the rule in my room So we'll that the first time that over happened on this webinar, but we may we may have to do that It's pretty funny my actually one of my very good friends That I used to trade with at the trading firm every time you would get long the E-mini S&P He would play the Jefferson's moving on up some and so I've adapted that for my room to get some get some comedy in there He got you got to have a little comedy when you're training, but Getting ahead of myself, but just you have that to look forward to if I have multiple positions on different markets All right, let's mark up. I just like to use different colors here for so I don't get confused in the zone So this is the most recent ice zone here for Russell ATR is 36.9 so 37 ticks for this so we can judge what we want to do here I just want to see something first with Nasdaq. I want to check our ATR and how I'm going to trade this ATR is 29.53 so that means 29 and a half points Just above so I round up so 29 and three-quarter points This is a very important zone for Nasdaq as well. You can see this here. This is a Pretty big balance area. This is the top directional convection gap directional convection Directional convection and then we finally got through it came back. This is where we gapped up that led to the whole up move This is a very very very important zone, right? So these are the Best places to make trades right prior important areas and then you get your volume set up You have a very high percentage rate You notice I said percentage meaning it is Not a hundred percent nothing's hundred percent, but an edge trading edge is when you have You know a higher expectation on what you're doing then Not so I know it's a very important zone That's but I don't know which way it's gonna trade out of its own But I'm gonna use my my volume setups to give me my edge, right? That's the whole idea and by the way I just got long crude we'll talk about this here in a second So let me quickly put this in I actually forgot about this trade, which is not good I'm having a lot of mental errors in August. It's costing me a lot of money 38.7 so 39 ticks I go 10 percent there So basically 43 is my stop That's where I entered above this zone and I will stop out 43 ticks above this zone. I mean below the Sun Sorry, so this bottom of the zone is 81. That's 41 38 is where I will stop out of this current long And we'll go over this here in a second. I just don't want to miss NQ plus one Q trade so long crude Let's check our lugs in Q. I don't miss a trade here. I forgot my waterboarding Hold on a second. I gotta have ticks ticks runnin I make fun of it, but it's very crucial to see what these underlying stocks are doing But trust me you have a position going against you you get to watch it and hear it It literally I like it into waterboarding because I would have never been waterboarded But I would imagine that's what it feels like so anyway, we're close to this Baby lug we call them and then the major blue lug down here at 77 Again, these are called Ludwig levels. I'm going to Ludwig Ludwig. I think it's Ludwig levels.com Just blank there. It's Ludwig levels.com. You can do the Free 3d trial so you saw it on book map and you get some special pricing But that's what I use. So that's what these are here So I will not take a short end of the blue lug like if we're just talking about yes I'm not going to take this aggressively out of this zone because we're not actually at the blue lug like we are in the Yes, that's why we're going to take that so for this trade here if I'm going to go along I'm going to enter this conservatively meaning I'm going to wait for the full atr to retest the failure Then I'll go along and then my stop is going to go outside an atr below Right as long as this doesn't violate more than an atr below If this gets more than atr below this volume event then my long idea is canceled And so hopefully that makes sense So we only got let's see how far we got so this was at 11 And it's got down to 96. Yeah, so that's not uh, that's what 20 25 points. That was pretty close to an atr though so 30.44 is your actual atr right now. So We got some strategies that we're working on in my trade room that are Just for the trade room. I'm not going to go into these in the air We do the position trading counts on the position trading trades in here in the book map webinars It's more of a fast term. I don't like to say scalp, but it's more of a You know quick type trade. We've been working on different strategies in there But we have a couple that are working ridiculous, which I figured Um, but those are you know for my trade room. So if you want to check those out head over to my trade room Um I kind of mentioned that because there's a lot of people from my trade room here and one of the setups just basically occurred So that's why I was pointing that out If you're in my trade room, you know what I'm talking about. All right, so If this gets seven points below here, which I think it already may have then my long is disqualified and I'll take a Six and a half is your atr So the bottom of the zone was at 15 1575 yeah so seven points is 875 A nine nine quarter. So okay, here we go same exact atr, right So this actually is disqualified from along because we did get outside the atr That's how I trade these so if this market can push more than an atr outside of volume event that disqualifies my long My long trade so that is cancelled. So what I will do here now as I'll go short this right I wanted to go along. I know this could be an important support area But this should not have been able to get through here, right as far as an atr is concerned So if this does atr retest failure, I will go short now long as disqualified for this market Long as not disqualified for this trade because we did not get a full atr below here So if this gets three points above here retest failure, I'll go long All right, let's quickly go over this crude trade and while we're waiting Like we need to do anything. So this was a important zone here in crude as well It would behoove you to look at this stuff. This is not, you know, rocket science what I look at here, right? We look at balance areas and important areas. There's four importance of areas of trading, you know Tops the bottoms of balance areas All right High volume nodes about balance areas that's right in the middle and then directional conviction Gaps are directional conviction and then buying and selling tails. So you can see here You had a buying tail and you had directional conviction. That was that zone and we'll look at that like magic Bumps right off of there. So again, yeah, you can just buy blindly into these zones But you know a lot of times they rip right through it. So that's what you use your volume events for So that's the stop run, which we call a dumb and dumber. This is one of my six Stops that I use to trade. This was a 350 lot stop run Right that instantly rejected. So stops are usually we call them the dumb money the retail trader I understand everyone on here is pretty much a retail trader including me But we are not as informed as the big money and when I say inform We can't trade as big as the is the big fund and so on and so forth So we can't push the market around like they do. So that's what I mean by smart They're not actually smarter. They just can push the market around as far as I'm concerned. Trust me. I've seen some trading firm traders and Many of them are not that smart That was my motivation and when I first joined my trading firm I saw some of the guys that were making money and I said, well, if these guys can do it, I know I can do it So I'm not going to go down that storyline right now. But anyway, this was a Insta rejection here. That's why I and I got long here We were a little bit below the you know, but I got long aggressively meaning an ATR out of here because Of that zone and I was going to be aggressive on this trade Stopped by see how Still left an order in my usual mistake I can't tell you how many errors I've made this month. I mean, I've got a lot going on We're doing this different strategies in my trade room. I'm doing multiple accounts so on and so forth So I've had a lot of errors this month and it's just not excusable. So anyway, that's why I'm long that zone Now we look at some targets here I use my the main areas Actually, this was a setup. So first and foremost, this is a new this is a new volume event So I can trail my stop based on this new volume and you see by stops 259 so we mark up that zone All right, so you come over here. Let's get this out of here for a second So we want to use your little crosshair tool and come in here and you want to judge And that judge you come where this spike started and then where those bubbles started and then you then you Corporate all the bubbles that happen in That stop run, right? So you go all the way till it stops Which is right there and then you go to the top bubble the top bubble was there. That's my zone So now what I can do is most traders that Probably don't make money. They trail their stop stop on some Arbitrary thing like oh, wow, I love that profit. I don't want that to come back I mean I'm going to get out right I trail my stops Which is the correct way because again the market does not care If you want to lose money or what would you have in the trade and so on and so forth They don't care the market doesn't care about that the market cares about volume events, right? So This is a new volume event now. I trail my stop based on this new volume event And how do we do that? I already showed you we'll go over it again 41 is your atr So I go 10% of there so 45 ticks. I add four ticks 10% So 45 ticks out of here will put me at At this was 17 the bottom of the zone. So that's 77 72. So now I can trail my stop at 87 72 Right so you can see the difference here because of the new volume event My other stop was Way down here. So I just saved myself 130 ticks because of the new volume of them, right? So if this comes back, I'll make a little bit on it And if it keeps going I can actually trade this new setup as a brand new setup because it is and trade off of that And add to this trade Trade it independently, right? But then I'll have multiple positions on And if you catch a runner, which is the whole goal of trading, right? Like guys as traders, you're not going to make Consistent money every day. I just laugh every time I giggle every time I hear Um, someone say oh, I I just want to average $500 a day or I want to make not even have they don't even say Yeah, as they say I want to make $500 a day. You're not going to have consistent That's not how trading works, right? You're going to have you make 500 you lose 200 you make 200 You know you lose 900 you make 2000 like It's not a consistent income, right? But the whole point of trading is you're you're trying to tread water make a little lose a little make a little lose a little And then you catch a trending day where you're adding adding it and then you have a day that makes your month or makes your year I Any big trader any successful trader? I will bet Most of them have Maybe five to six days for the entire 200 trading day year that made their entire p&l Right, then that's just how trading works. The sooner you can understand that The better so We are approaching right here. I may get out of one of these if it's confirmed with something which it is This is baby lug right here These are incredible for profit targets I'm definitely getting out there if we get up to there But this is baby lug and you can see that's confluent with the prior Marker profile composites. So I will get out of one. This gets a little higher Baby lug is right around 86 60 I'll get out of one of those because it's confluent some I don't usually get out just at baby lugs But if it's confluent with something else like I just show you mark a profile composite that I will get out of some all right, so But hopefully I mean I'll put this in here I usually am just watching because I don't just get out like I don't put limit orders and get out because if it just goes We get up here and you just see nothing but buying blue bubble blue bubble blue bubble through here I'm not selling right. I'm not selling if no one else is selling. Why do I want to sell? Right, that's why I rarely just put in limit orders to get out because if it just blows through there Then I'll hold it and I'll try to get up to the red lug Again, let's see what that red lug was that red lugs at 89 18. So that's quite a ways away As far as Adding to this trade I have to decide if that's worth it because we are so close to the red lug Let's check our relative volume real quick to see if it's worth Again, I rarely buy or sell into the major lugs because they are so powerful, right You can see my little tick strike. Let me know what's going on in there So this is almost two to one, but it's not quite so I Probably won't add to this trade Quickly, let's take a look at nasdaq. We definitely got an ATR above there Cancellate So you can see this is an ATR definitely an ATR above here, right? So ATR is 31.75 Let's just say 32 to 32 points for right now. So an ATR would have been 52 We definitely had that Right, so this was an ATR A little more now I'm waiting for retest failure and then I will go along this setup as long as nothing new comes in Right and I was trading this conservatively because we Still below the yellow log. So the way I I determine how I'm trading these setups is In relation to the yellow log she calls it the directional log, right So if we are above let's just look at this If we're below the yellow log, I will wait for retest failure Of the setup I won't be aggressive if we're above the yellow log. I'll take long as aggressively I'll take shorts, right Unless we're right at the log because you may be asking well, you were going to take the E-mini S&P long And the reason was at the time because we were right at the log now you see we form new lugs And this is actually bullish too where you can come up with a story Just based on how the lugs when they form and how the market reacts to them if the markets can hold directionally yellow prior blue That is a very strong sign that we can get up to the red Right if for some reason you that's some reason happens all time if you form new lugs And it can't hold prior blue or yellow then you expect So you're just coming up with a story and then you look for volume events To back up your story, right? That's what trading is. That's that's my edge, right? And I use that and I use important zones like we talked about Alrighty didn't take a break any questions on any of that bruce Let's see Nick lug is he's talking about a lug level lug wig levels. It's a subscription service. So Yeah, it's at lug lug wig levels.com So need you do you understand why I name them lugs? Yeah, I can't even say If I say it 300 times a day We call them lugs in the room and she actually likes it and it's a just a quick way to You know, she even has her book map She's coming up with the she's beta testing in my trade room There's some select guys in there and girls that are using them in there beta testing for a book map But then she literally names them lugs, right? It's just an easier way than saying blood wig level 45 times All right, so we're waiting for a retest failure, but good. What was what was that? That was that was it? That's all there is at this point All right, so again my stop here is at 87 72 So you see what is going on here, right? I am forcing this market to get outside of an atr out of this Because otherwise you just will be elbowed to death, right when the big money is not playing in here Or you're not there, you know, you don't have the high volume event stop runs The rest of the trade 85 of all trade are algos, right? And that's this stuff Right, they are forcing traders and whip sign traders all day long So the way I circumvent that is I put my entries and my exits outside of atr Is because you have these algos inside of the volume events that can't get outside the atr Then they start to whip side back and forth back and forth, right? So I forced this market to get the full atr out of here to stop me out So this did not actually get and of course it came real close to that and didn't fill me But this market did not get an atr above here So say this comes down and this fills me and then it comes back to the zone and then fails again Now I'll flip and go short, right because of the volume event So this helps you understand like what's really going on in the market So this should if this is going to continue to be bullish this should hold the stop run should fire off The big money should come in behind it and Keep it up prop it up, right if this fails to something's telling something's wrong right as far as Being bullish. So then I'll look for atr retest fail and I'll go short The reason I do the conservative entry is because we're above the yellow luck, right? I showed you Just right here the yellow luck, right? So that's why that came so close to that baby lug and that's very upsetting But you see it did I should have probably just got out. It was close to not just look at I mean this is why these you want to know how to will do the market profile stuff here in a little bit But you want to know these levels right that was the exact tick of the top of that I should have just said that's close enough to be below and get out of one right and probably gonna cost myself some money here but You want to pay yourself when you are correct, but not just ran in random areas, right? And I have select areas that I pay myself. Yeah Then market profile tops and bottoms are one of them. So I should have not been greedy there for an extra What did I try to milk out of that another? Eight ticks that's just that's that's not good trading you can throw that in my bag of errors for uh For obvious. All right, so let's see what happened here So we did get an atr below there if you remember so I canceled my long Which I would have been filled pretty much today exact tick So are you guys seeing like how these algos like know the atr's and then they rip them right back? Like that's it's it's on candy, right? So Anyway, I didn't take that long because we did get the atr below the song, right? So now See if we got an atr above it No, we certainly did we got about nine points above the song So this this volume setup is disqualified for me either way Right, we got an atr below it. We got an atr above it I have no opinion of this area. I wait for a new setup. So I'm done with the yes for now until I see a new setup What's happening here? Oh Shockingly, we're going to retest the song So now we go atr retest and my room hopefully my room is listening to this and understanding what I'm talking about We get back here Fail back up or go back up that I'm going to go on I don't mean to be cryptic guys, but like, you know, I do these webinars and for book map We've been doing it for years, but my trading when we have some other I can't think of the proprietary stuff that we're working on and that's part of a paid room, right? Like, you know, they pay for additional stuff is what I'm saying. So I'm not trying to be cryptic I'm just trying to because we just adapt adopted another Another strategy. So I'm just pointing it out. So hopefully some of them took the trade All right, this is 20. So again, we want to know the atr which is 30.29 So we were waiting for A retest of this zone So I want to see at least 10 percent of an atr close to that zone from our retest So atr again, it's 30.4 sort of 30 and a half So if we can get three and a half points within that within the top of this zone, I consider that a retest, right? So if this gets down to 23 and a half That's a retest to me. It didn't quite get there there. So that's not a retest yet. If a retest fails, then I'm alone This was the most recent setup in Russell. I don't think we got any tear below here. Let's see That was at 45 and it was cut down to nine You know atr is 43 So this is still hovering around this zone. So we can trade that as well, but I'll come back to that I see something. I heard a bunch of wheat stuff earlier and I forgot to look at it So I can almost guarantee you these were winning trades because everyone I miss is absolutely perfect Is that just the way it works for me? You guys can see I'm just like normal I am a normal person. No, no normal trader But you know, I've had success but I complain just like everybody else, right? It's like you feel like many times the market's against you. I mean, I know I know common sense why is that's not correct, but it certainly feels that way like with my tickouts and Every trade that I miss you can ask my trade room. I'll point it out and I'll miss it Perfect winner perfect winner perfect winner and then I get in it and I get tortured for four hours, right? So it's just that's what it feels like. Anyway, I know that's not real but You gotta fight that stuff That's part of part of being a trader, right? You go down those rabbit holes where you're like I can't tell you how many trades I've heard in my career They got a there's a camera behind my back watching what I'm doing and somebody's screwing with me That's how it feels. It's it's it's pretty funny Not really. It's not really that funny actually. All right, let's um mark this up to see if I missed a trade here We don't think you're normal scott You don't think what we don't think you're normal Well, you'd be you'd be right on that And I'm not talking in a good way so ATR is I mean you trade 20 plus years You know your borderline go away into a rubber room. So Thank god for book map or I probably would be I definitely wouldn't be trading. I can tell you that I mean, you guys know my story most of you. I had to you know I went from making millions to making nothing to having leaving the I had to leave the business in 2013 Dr. Brett steam bragger Um, you guys most of you guys know it is wrote the book in hands and traded performance He sat behind me for a year. Anyway, he told me and put me in that book He told me he literally called me and said hey He's like you want to check out this new software called book map He's like it reminds me because he sat behind me for a year. He said it reminds me of what you used to do Um as far as reading volume and the minute I brought it up And this is before the si indicator is before most of the stuff It was just basically, you know the liquidity you can see liquidity in the bubbles And I'm like I'm back and then when the si indicator came out I told you guys I was I when I came back and did my first my initial book map webinars I was trading stocks because I was just so you know jaded from futures of being a millionaire and then they Couldn't make a dollar over the you know series of years. So I wasn't even going to trade futures I'm like, I'll just try to use book map to trade stocks And then they came out the si indicator with the cme nbo data and who's kept telling me how Ridiculous ridiculously powerful it was and the minute I looked at it. I'm like, okay I got to go back to futures because this is just silly Powerful. So that's why that's where I'm in today. All right, so that we did get a retest of the zone But am I just getting long? No, I wait for a retest failure. This could just go right through here and I'm not going long All right, let's see if this can hold and move back up and I'll take the long if not Oh, by the way, I'm about to get stopped out. My greed here is going to cost me About a hundred ticks So do you see why if this survives? This is because I put this outside of an atr because these algos get to an atr and then they whip it back Right, and you see that was real close. It doesn't mean I won't get stepped out. But at least I have life I'm very mad at myself. I didn't get out of one and that was really I was I pointed out the market profile composite high there To you guys and I didn't get out of one. I don't know what I'm doing Because I try to I'm trying to squeeze out eight ticks All right, so as long as this doesn't get a full atr below this zone, I can still take the long So 32.14 so 32 and a quarter at the bottom of the zone was 11 So I need to see like 79 ish 78 not even close All right, so I could still take this long on a retest failure of this zone So now my order will go again 32.14 Is your atr so 32 and a quarter at the top of this zone is at 120 So 52 quarter I can go long There is right now So I wanted to mark up that zone because it looked like it was still in there So I didn't miss the tray, but I probably missed it now So anyway, that's why we'll go long in queue as long as it doesn't get an atr below here But on the flip side you guys can all see we talk about this every single book in that webinar Look what's below Band a monster band that's been in there forever of liquidity And what is that does I mean you go long because there's a bunch of support down here? No, it means the big money wants to get filled down here. They've been in here forever The longer it's been in here the more of a magnet it is because meaning if something comes out Say, uh, you know a bomb goes off somewhere this thing will rip right through here Well, they wouldn't just let to sit in here forever if they didn't want to get filled right So it's not a game this see this liquidity. This is a good example, right? This is real This is not these are algos messing with you guys This is real liquidity That these guys want the fill meaning they will get it down to this area to get their fill How because they have huge size where they will push it into that How do I know that because it's the exact game I used to play when I was a big scalper We talk about this every webinar two again, forgive me if you guys have seen this a thousand times There's always new traders on here. This wouldn't be my game I put you know, this is emini s and p but I would put like a thousand bid here And then I would start getting short up here and I would test the water I'd sell some and it would react lower. I'm like, okay, I sell some more and then the closer it got to my resting bid I would just step on the gas and then people would see like the flurry of orders coming in so Or is like, oh, something big selling they would jump on my coattails and it would push it right into my bid I'd be out I'd make 50 grand be done And that was the game and it's still the game That's why why you can if you can see this which you can in book map Why book map is so incredible just for this stuff You have an edge you can see what they're trying to do that is the most This is the most important aspect of trading real time by him The setups liquidity If you can I say it every day in my trade room every day in here if you can't beat them join them, right? Instead of always bitching all the algos they run everything the big money they run everything You can see exactly what they're trying to do. So join them, right? Doesn't mean I'm going to get short this but I'm just giving you guys example Like in the you open up your charts in the morning and you see huge bands of liquidity one way There is a very very very very high percentage You're going to hit that liquidity because they will make it hit the liquidity because they're big and they could push the market in their liquidity Right. Hopefully that makes sense because I know it seems simplistic guys. That's exactly what's happening. That's what my Hey, what do you know Look at that. It looks like someone's stepping on the gas to get it down here Um, that's what all my si my course my setups are all based on my they're not hypothetical It's all based on when I was a large trader in how I used to react and I you can see how the big traders would react That was this right here. So this was 170 stops I can't believe they're someone stepped on the gas there and caused these stops and it's going to go right into the liquidity I guess it's the first time for everything. I'm being sarcastic. I just I do that every day just because It used to bother me and like I said Stop sell Then when I could actually see the areas then I was like, okay, I know I know this game I used to play this game, right? Oh, by the way, that noise is the um That's the waterboarding tick strike Can't live without it. But like I said, you got a position on it's not so fun So what you do want to know about this liquidity too many times so these algos Pick up big orders, right and they don't know You know, they don't pick it up as far as has it been in there for a while or or just come in So for instance, if I were to just drop a 300 lot in here This market would run away from that order because these algos run it away from the big order They want them to chase it they fill and then it comes back, right? So they just get a better price on their cells and then it then it comes back, right? So Many times the first time down on liquidity So everything's firing off at one time I am filled I got stopped out on that creature too So anyway, what I'm getting at before I go these other markets is many times first when it gets close to it You get these algos that were running away So if you're trying to get it, don't squeeze it out like I just did in crude being greedy You know, if it gets down here and you start to see blue bubbles get out of some of your trade If you're using this as one of your targets is what I'm saying and you will see you'll see that shortly and Michael right through it But quickly good lesson here. This is why I just don't buy retest failure and jump in I wait for the failure out This is all because I've watched thousands and thousands and thousands of these setups. I know the best way to trade them Gold is extreme we talked about this This market's done we talked about this yesterday Turn this down getting Getting annoying we talked about there is nothing here gold is going straight into that zone in my opinion We talked about this last night Yeah, that's exactly what's happening and I'm not trading it for some reason All right, let's I'd rather look at soybeans than gold right now gold is just Whipsaw City Stopper on stop runs. Oh, by the way, this is I guarantee this is a mistrade That's what I was marking up the zone and then I got sidetracked And just like I said, what would I have done there and that's uh entered a Bruce what I've entered conservatively waiting for a retest of the zone or what I got in aggressively Based on what you see here what I just talked about And you've heard a thousand times you better be right with your answer You'd look for a retest No, uh, wow f get an f for the day We are below the yellow lug Set up was here I would have got in this trade aggressively and I just missed it and I even drew the zone So if we were above the yellow lug to go short, I need to see that that that or below the yellow lug I get it automatically so I would have been up here and that's rda 12 some winner And I just missed that trade Now I'm starting to get upset All right, so we heard something soybeans. Maybe I can make amends in here That's upsetting because I did go to that and I was just saying I've been sure I missed the trade and I didn't and then I just did All right, you can see by ice by ice This one's threshold. This one's threshold I use 150 for beans So we're just going to incorporate all this because I look at it's one house too. This is another beauty of SI indicator. This is the on chart. You can see The same house is getting filled for all these icebergs secret orders if you guys Jump to head, but if you don't know what icebergs are then They're just hidden orders in the order books. They don't flash them. So that goes to my point right here. This is why Don't flash big orders because if they flash big orders the market runs away So they have to hide their orders with icebergs. All right, that's the game And you can see here. Hey, look at this. Let's see if it can watch you always running away from this the first time down here Like literally if I was short here, I would probably be getting if I see a big blue bubble I just would hop out. I don't need to squeeze out an extra five points in Aztec like right now I'd be like, okay. I'm out. I mean, it's not going to hit it, but I'm just saying Many many many times first test down here. It'll go and run away from it. So we'll see if that happens I kind of like that. I'll come back to that in a second, but I'm really surprised. I was going to hit that liquidity too That's really shocking not All right, so let's see if I can actually put on a trade here Below the olug so I would enter this dressably, right? Out of this zone meaning ATR first time out of here. I want to go along. I need to see ATR retest value So here's your volume event now we wait I could put in my let me put in my sell order Let's enjoy. Let's enjoy the fix the manipulation here and watch these guys get filled Like magic even though it's not magic See it. Do you see how that Guys, this is why it's these algos run the show, right? And they see they pick this up and they run it away Shame on whoever this is because if this was me back in the day and I had my order resting here I would have sold until I was maxed out to get it to fill my bid Right. So whoever this is it's pretty weak. They didn't push that into that They let the algos kind of screw with them here so It'll get filled eventually but right now it's Algos are playing games. All right. ATR in here is um, you can see it in the middle of my chart there 3.13 So three and a quarter points I round up and then I go 10% of that It's another tick so three three 75 3.75 cents out of here. I will short this so this bottom of the zone is at 0 2 Say oh two, um, it's 90 99 98 quarter is where I can short this Remember, this is aggressive. This is the one I just missed in I just missed in I mean and we would I say 90 Like I said 98 quarter That's where I will short that and this is exactly what I missed here, right We ATR is 3.8 So I would have been like four and a quarter points out of here at the bottom of this zone Was at 30 29 50. So four and a quarter is 25 25 so I would have been in short right here And that's what happened And then if I would have been filled my stop would have gone four and a quarter points on the other side of the zone So that's a little disappointing because I injured his own and I missed that trade. It's more than disappointing actually and I'm getting upset So let's take some questions Bruce before I break a screen. Hey look with the hey look at that. Hey look the algos one there Whoever this is is a list. I hope he's on the webinar How do you not push that in and get felt? That's just that's so sad There's your algos right there guys 85 percent of the market. They picked up that size and they ran it away Any questions Bruce No, just some questions on ATR, but I've answered them here in uh in youtube um Yep, Kyle. Yeah, but that you might want to look more. I'll put a link in Kyle for stops and icebergs You can find out from our knowledge base more about it. How it works, etc Uh, so actually this is a now I retest What am I doing? I should have put on the trade here You can still put it on if this goes failure, but now so I wouldn't have put that on because we're into the blue lug Because I was going to say I should have shorted this setup aggressively um You're part of my room. You know what should have happened here. I think it was pretty close but I would not have shorted that unless the relative volume was over two to one because I don't shorten the blue lugs because there's such Important support As you just saw that just bounced off of there and you can see this relative volume was barely Normal, right? So this this relative volume chart shows you The actual volume for the for the exact time period for the last 30 days, right? I like that type of relative volume I don't like the thicker swung relative volume where it's showing you best Based on the last 60 bars. I'm gonna have it on this one. Um, that's not it. That's that's just it's not It doesn't give you the information you need right because it's always going to spike at the open Right, you see this is like seven times is that wow you say wow, there's seven times That's a lot of I know this is normal because it's basing it on the last 60 bars last 60 bars were overnight So of course the opening is going to be high volume, right? So seven times is actually normal So I don't feel like going through all these different time periods to figure out what's normal for that time period Right because it's basing in the last 60 bars. That's why I use the Sierra and there's others other platforms on the same thing. It's not difficult and you can compute it yourself, but I want to see based on the last 30 days. You can pick whatever time period you want That gives me a better view of what's going on or a better idea Is this a lot of buying coming through the market? All right, so this is actually the new setup, right? I think this got an ATR out here. Let's check 85 down to 62 maybe not 62 50 So it's that 23. So actually that was not It was inside of an ATR You know ATR is 32 So that was not the new test trade that we're working out in my room. It was not an official parameter So anyway, I'm not going to short this anyway because the blue lugs right here Right, I want to see this either the volume pick up or at the break the blue lug You can't see it here. I'm just doing my fake blue lug here So I wouldn't short this anyway even if this did ATR retest failure I wouldn't short it because the blue lugs so we're just going to wait on this and see what happens You know if this comes down here and bust through this it's going to at least fill this liquidity Um, and then nothing kind of happens and we draw new lugs Then it comes and retest and fails and then I'll go short That's getting out of ourselves And some of the best trades if you guys watched that Pamela Ludwood webinar It's always shared in here. If not send me email. I can share your access to it One of some of the best setups are Signals if it pierces the major lugs the red or the blue and it can't hold and it gets back above In this case the blue those are great long signals I mean, of course, you want the real time volume, but that it's just telling you something's up that it didn't draw Didn't have the parameters to draw new lugs and then away it goes. You'd be amazed All right, so what's going on here as well? So This market accepted to this prior market profile composite. Let's look at what that was how long ago that was long ago This was from july 20th. I think this is like a two-day. So the tendency so when mark We'll just see what this says and I'll show you guys how to do this real quick because I think so that would be for On multiple days at least two days Overlap the value area and of all the value areas 70 percent of where they trade occurred that day And the point of control is where the price where the most trade occurred that day With 70 percent of this value area overlaps Yes by at least 50 percent Which this is pretty close that I merged the two days and I come up with a composite profile Right, they're very very very powerful. You saw the one that I didn't get out of my crude trade and it just cost me 100 plus Then you do that you draw it So the other thing you need to know is when markets accept into market profile composites Every very very high tendency to get to the other side doesn't mean that it's going to be a straight line But throughout the day, it'll probably you could do this this this but by the end of the day There's a very high probability. This will get down to The bottom of this which is just under 12,000 And so could happen right now could be later on You don't know that nobody knows that but you you may have a you come up with a story, right? That's the whole idea the idea of trading you come up with if then scenarios and then you wait for your real-time value to trade them Look at the elbows running away again It's so funny to watch But this is why you got to be careful saying I'm gonna I'm gonna pull my order right below that I'm gonna let that get filled. I mean this will get filled eventually. Don't get me wrong but if you like getting tortured for an hour then Hold on to it. Otherwise I would not mess around it gets close. Just get out of some of your You know if you're using this as one of your targets like we talked about So let's see if they finally push it in and look right at here So there's another band down here. I mean It's been in here for a while Not crazy You can see there was something here before too. So this is probably gonna get filled as well I'm down here. I need to get off this week trade before I throw up for the trade I missed Here I guess we'll take a look at gold. I'm trying to avoid this market. It's just Plus it's the worst traders on the planet in this market. It's nothing but stop runs But we had a lot of activity down here. You can see let me clear out these prior zones All right, so you can see here you add Big stop run three times nor I mean three times threshold You had another 198 and then another 266 and then you had that was only 93 by I said didn't qualify but this did this was 265 so this is a one big double whammy double whammy is the dumb money puke into the big money buying right So let's draw this as one big zone So you take your little cursor and you go where it started on spike. It's right there and you can see this awesome Sweeps indicator helps you draw your zone too Because you can see where they started to sweep the stop sweep the market with the stops I should say if that liquidity got filled. Hey, look at that. You believe that They were patient But it ran away from that a couple times and then it finally filled it now I'll probably fill this and then we'll probably go straight up Because they get their fills And again, you don't know what they're doing, right? It's please I'm begging you guys to stop trying to understand everything that's going on like what are they doing? Are they are they getting out of shorts? Are they initiating longs? Are they covering? Are they hedging options positions? It does not matter what they're doing, especially the SI indicator setups You're never going to know what's going on Or why unless you've got all mighty you're not going to know and nor do you need to you You just need to know the volume event where it's at and or liquidity and how the market reacts to it That's what you need to know shockingly that liquidity just got filled too So surprise This is really important though. We've just now gotten through this important support zone So this is obviously looking bearish. This is probably heading down in the high volume now this Doesn't mean it's going straight That's sweet try not to miss that trade So, yes, this is bearish doesn't mean it can't pop up No, but I'll tell you right now the best trades are going to be a return of the zone to short and then watching that Doesn't mean it can't go straight here. I'll still take shorts What was support is now resistance, right? This was a really really really important support zone the top of this balance and we just broke it So one or two things could happen. This could just rip straight down to this next zone Or we can come back retest it then fail It could still it could do that too, but the odds are it'll come back Because equities do the screw you move all the time come back here. We get a setup and then I'll short it But there just has not been anything Actually, let's take a look we may have new lugs and I could possibly short that prior setup We just talked about so let's take a peek here still no new lugs So now now I can short this because I don't short it in the below. We have new lugs. So this is the next stop In my opinion if this can hold So now all I do now we have new lugs now I could trade this setup Now if we test it retest fail, I'm going short. That's barring anything new, right? There was a little bias up here too. It wasn't quite threshold You don't you want to be very careful piecing together spikes just to get the threshold Which is 150. I just know it's in the same area anyway. So I'm really hoping we get a retest of this zone Here and I will go short. Look what's coming in down there This is pretty short term, but You see we're still some some stuff here. It wasn't as heavy. It's really heavy now, but it was kind of like this one, right? So these could be good targets here's a spot game level So if this goes here here here and I get filled I will definitely look into some of these areas to get out of at least one All right, so just waiting for a retest of that zone. All right with something happening wheat Never still no fill in. So I mean 30 160 it's almost 300 bias This was another 84 Again one house you can see with the white line It doesn't really matter, but it's good to know. Hey, is this one player? Is it multiple players? You can come up with strategies on that too. I'm sure We're gonna incorporate that. So this is this is a good example. You got to be careful of So see this is one house, right? Here's the white line that started here. This is part of their order It was like 80 right then they came in more and more be careful So say that was say this 80 lot or this 80 bias was like down here, right? And then you got your your concentrated volume up here I don't draw my even though. I know it's one house I don't start my zone where the 80 started if it's really far away I want the concentrated area because the concentrated area is loaded up traders. So There's bias here somebody try to sell sell that heavy and they're now wrong, right? So I want to know where the concentrated volume is. It's good to know. This is where it started But you know if it's far away say it was down here I don't draw the zone and make a huge zone based on just that 80 80 bias See I'm saying I look for the concentrated area So that's when I'm this just happened to be right on top of these two So I'll draw it in there, but if it was far away, I wouldn't include it unless it was threshold Just 150 So there's your zone Let's check our lugs Make sure I do not miss the retest of that zone I oh look at that Like could you guys see that maybe bounce right off the blue lug? Who knew? So if I was short, I would have been out right there at the blue lug So that is Yeah, I'm telling you these things are the second strongest thing that I've seen besides book map That's why we use them. So anyway blue lug It takes setups aggressively off the blue lug so I can go along this aggressively Getting one ATR out of here I don't have to wait to retest failure 3.91 Is your ATR so that's four cents. I add 10% of that 0.4 so we round up 0.5 so four and a half cents Out of here I will go so this was at 14 75 18 75 19 quarter That's my entry If I get filled I'm going to go four and a half cents below the zone Because I forced the market the algos who are the market To get it outside of an ATR for me to be wrong And then I don't get whipsawed out of my trade because it's very very likely to do that Even though this is what I was explaining to you guys I miss trades So if I'm in this short, this is my usual complaining, right? If I'm in the short it does this for three hours and then it finally goes If I miss it, it's just a straight profit. You make it in two seconds. I would have made it in two seconds, right? Here's where when I miss and I'm long it does that It's just me complaining You guys I've always talked to myself when I trade so now I just I'm on a webinar So I'm not as crazy because I There is a funny story back in the day when I first started making money big money from my firm Gave me my own office like everyone else had to team up and I had my own office I was because I was like the top trader in the firm. So that was like one of the perks So people would walk by my office and they'd hear me talking and they'd be like Who's in the room with polsini like who's he's screaming at and he's like I was talking to himself this imaginary friend so I've talked to myself forever And I have to because if not if you try to keep your emotions in for me my kettle pop off So that's why I talk to myself. So when you hear me complaining and stuff I do the exact same thing when I'm sitting here by myself. So back to the crazy thing that Bruce was saying that's 100 percent true about me Any questions Bruce and what I'm doing here, even though I haven't put on a trade besides a crude trade Uh, no the the um, the uh, no, no worries. God. I mean, I just I'm just kidding. Of course like, uh Uh, I just need to get that across. Um the um, uh, no, no, I mean look, I mean I My god, uh, you're you know, you're you're trading uh, uh experience and and knowledge is uh Is amazing. That's why we're really lucky to have you here. Um, and that's what's not normal Then that's what's special. So You know, I mean, no doubt and uh, yeah, what hey, I love it I mean, whatever it takes, you know, if you try if you talk to yourself if you I mean just just that one quote alone Everybody has a plan until they get punched in the mouth, you know, like Control your risk, you know, call your broker do whatever it is, uh to to set yourself up for that. Um, But uh, wow No, no, no plant. I mean no, uh questions here. Um, scott. So, um, uh, yeah continue on Okay Um, so you see here we did pop into the zone. I was going to play retest failure of that stop zone But now we have a new event. So now and I'm just going to delete this zone because it's pretty much right in the same area And I don't want to confuse myself If I forget what's going on in here and I come back and I'm like, wait, what's that other zone? So let's make sure we get all the prices that occurred in this cell ice Which was pretty heavy See here's your spike Here's your little cursor spike it all go all the way across and incorporate every bubble that happened in the spike That's how you draw your back for cell ice So I know the type of setup it is right So now we have to make I have to make a decision here Dancing around the yellow lug I believe Yes, right. So when we are just dancing around the yellow lug, I wait for any setup I wait for retest failure I mean granted just technically we are above the yellow lug, but I know this thing is pretty bearish All it doesn't mean We can't pop back into the zone, right? It doesn't mean anything. I could do that, but I'm just saying, you know I would rather see the setup in this zone But I'll take this short right here But I'm not going to take it long aggressively It was what I was getting at because we're still below that zone I think that zone's going to fail when we get back up in there. So I'm going to take I'll take the trade long here, but I It's my conservative entry. So I need to see the atr the retest the failure Outside same thing because we are technically above the yellow lug. I need to see atr retest gather you could say You know, this is where you got to use some subjectiveness in your trading and you know You have some of your own ideas where you say, you know what? I know it's a little bit of if you're using lugs I know it's a little bit above the yellow lug, but this is below this zone This is pretty close to retest of this zone. Here's my volume setup I'm going to get in aggressively so I don't miss a trade because guys if you if you guys and girls if you wait for retest It doesn't always retest, you know in my studies from watching these and you know This is not official But it retest the zones about 80 percent of the time. That's just my opinion from watching all these, right? So yeah, I could wait for retest failure retest failure But sometimes it just goes goes goes and if you had your idea and then you just watch that they run away You're like, oh man, why didn't I take that? So you have to decide whether you want to get aggressively or wait for the retest Wait for the retest. It doesn't always retest. That's what I'm getting at All right, so let's see what happens in that zone and really surprised there hasn't been much in uh, yes There was a big swipe there big sweep 1,700 sweeps and you could draw zones off of these. We haven't officially started that yet I need to do more research on them as far as trading not just off the sweeps because you can see this Well, I mean You can see this was uh, there was bias this was not threshold But then you also had sweeps behind it So, you know, I would not give you a verbal lashing if you drew a zone and trade it off this I'm not going to for that. I don't want to confuse people what I'm doing here because I don't trade off sweeps right now But you know if you're experienced with these and the si and you know how to trade the zones And you couldn't make that a zone and trade off of it So I'm getting at this to another incredible feature of book map with the sweeps right the sweeps the si indicator the liquidity everything it's Yeah, yeah, I mean that I say it all the time the the beauty of of that sweep indicators. Look at that 847 right And then how many are stops there? Well, you know 218 I mean, that's that's pretty amazing. So, you know, you can really dig into the details here and see like, okay well, how many are stops compared to uh, um, uh, you know, uh Market buys or, you know, whatever it is, uh, I mean, they might be people exiting with a market buy But uh, doesn't doesn't matter. I mean, at least you have the context there. It's right in front of you You guys are seeing stuff that 98 percent of traders don't see I don't care how good of a market technician You are say this every webinar too You don't have all the information and if you had all the information to be even better But this is interesting too because Yeah, 300 of the of this of these sweeps were stop or stop runs But that means 1400 of them was someone just sweeping the order book So you had aggressive buying then you had Didn't buying 500 in buys So that's extra information like this area could you could draw this zone again I'm not going to do it for this webinar because I wanted to stay pretty standard of what I'm doing Because there's a lot of new traders that get on here. I don't want to confuse it But if you are advanced and you know what you're looking at This is a very good area You could draw your zone on one that where that occurred because you had a sweep You had buy stops someone swept 1400 and you have buy ice on top of which are hidden orders With that only trigger when someone's selling it So the buy the buy the sweeps didn't trigger that buy ice the selling did and then you had they got a Mouthful of ice as well. So that's that's an interesting area that I you know personally would probably trade But I just I'm not gonna I don't want to confuse people here. I want this to be more of a basic Even though guys I know if you're watching this for the first time And I got guys in my room that watch me every day This is what I do in my room every twice a day every day that still aren't following or they're you know, like it's too fast blah blah Understand I'm trading live, right? I don't have time most trade trade guys that claim to make money that you know Everything is in hindsight. They show you oh, yeah, this was the area you wanted to buy This I'm doing it real time, right? So of course, it's going to be fast Point is all the book every book my webinar I've ever done All you got to do is google book map youtube and you can find every webinar ever go back watch the replays in my room I record every webinar I do There's almost 500 webinar replays in the almost two years. I've had my trade room a year and a half Right and you can go back you can replay the day you in another great feature with with book map You can go back and replay the day here as well So you can bring in the data play it and stop it Stop it with the webinar and say, okay This is what he was doing draw your zones and you can slow it down, right? If you're my point is if you're not following along, it's too fast Because I'm trading live you have ways to go back and practice and slow it down to to learn what you're doing, right? So You know like the guy said that was couldn't follow along he's like I understand you're trading live Like but it's just really fast for you know So if it's too fast for you don't think that you're an idiot you just can't you know It's just once you learn the stuff it slows down and it this and you'll learn this is not Complicated stuff that I'm doing it's very simple and it's by design, right? Every week I tell the story that millions of dollars that I made scalping was just staring at the order book It doesn't get much simpler than that. I didn't even have a chart up I was just looking at the way the orders came in the order book playing a video game, right? So it doesn't get much simpler than that and I was able to make millions doing that So it would probably behoove you to make your trading as simple as possible And you'll do much better than having 45 indicators on your chart and confusing yourself with all these different setups so on and so forth. So That's my rant for today for that All right, so we're just waiting for this to either way I want to see ATR retest failure out of this new sell ice zone for my trade. So nothing nothing's doing there Yes, this is that prior ice zone. I didn't trade this zone Remember because of that we've went in atr above and below it So no trade here. Like I said, you could draw a zone based on these sweeps if you want. I'm not going to do that Let's look at what happened in the grains Still not filled on the sweet trade. You can see this by ice is still coming in, right? So you could if you want this is what I'm talking about. This is one house I need to incorporate this this as well. I don't I don't really need to make this own another three cents bigger for this ice This is the concentrated ice area. That's what I'm focusing on even though it is the same person or house or whatever Right, but you could That's not crazy, right? And this zone isn't crazy It's a five cents. Oh, but what I'm saying say this one like up here And then you see like a another 50 another 30 whatever and it's the same else Do I do I need to draw my zone that wide? No, because this is not important market moving Damn, this is right That's that's what I was getting at with Keeping your zones contained to the highest volume areas There's some nothing there what we're doing here. I was going to short this is still sitting in the zone So I was going to short this aggressively because we're below the yellow lug But if this goes at our retest fail, I'll go long this as well So kind of rare we have no trades anywhere And the only trade I put on and you guys weren't even on you just saw after I put it in Even though it did come back to that exact area when we were on the webinar You didn't even see me put this trade on this is what we got on the webinar if you remember Or right about there. So but It barely made anything and I because I cost myself by being greedy. I should have got it. I want to cost myself a thousand bucks, but That's what you get for being greedy. That used to have an open order there on that Scott Oh, yeah, thank you You wonder why I'm having on my errors this month like I do this stuff all the other time I'm trading multiple accounts too. So it's like Even the test trade account we're doing with the the new strategies that I'm doing in my trade room I'll forget I've blown out. So we do it on apex, right? So the apex I highly recommend you guys look into that if you are just learning or you're You know, you don't have a ton of money to be trading where you can't be risking, you know A lot of money management trading account the apex again, it's on my website I always go over this because for some reason I always get emails on this stuff Let's go on my website and you can see all these banners right here or all this comes book map There's apex trader sink. That's the journaling, right? That's the stuff here Actually, I imported the last two days to see where I'm at here You can go in here. I haven't done it for a while because I've been a bad boy and bad trader But you can go in here and you can click in here and you can put in all your What you were seeing And I got my charts and explanations and everything I look at right you should be doing this for every trade I just I'm just so busy with everything else. It's just sorry to do but it's no excuse But I would be literally sitting in front of my computer screen 11 hours a day with my stuff So you could see what a bad august I had as you're going to have drawdowns, right? I've had them before not this long. This is like a full month august is like the worst trading month So if I did have my trade room, I probably wouldn't even trade in august I probably would have just taken a vacation somewhere, right? And that's what most big traders do is they take off because they know it's such a bad month And you can see this started right at the end of july well drawdown now I'll bet you it does that right because once the market starts trading normal and it's not just elbow ridden You know, but you're going to have drawdowns. That's what trading is if you have an edge. It'll look like that So anyway, I got a tangent here. You can get this kind of you should be using something like this This is the best one I've seen but all this stuff tick strike. It's all there's all discounts Not spot gamma or rhythmic, but the other ones are um, but anyway the apex is I highly recommend this if you guys are Trying out things like for instance, we're trying strategies on the apex account The reason I got off tangent there is because I made a couple errors in there Where I forgot to delete my orders at the end of the day and if you have if you are a position if you have a position on and You get to the end of the regular trading hours. You you violated violated their rules You get knocked out of the account. You got to re-up re-up the 80 bucks to reset the I'm doing 150,000 other accounts for the room and you got to re-up to do that, right? So it's like it adds up when you do it three or four times I've done that multiple times this month too. So I'm just a comedy of errors this month, which is Inexcusable for how long I've been trading my point is I just have so much I'm doing and trading so many different accounts Doing the apex doing the test doing the live trading. It's just I'm making excuses, but I'm making excuses All right, any other questions Bruce? I've really done much. So I don't know what they'd be asking No, just this is training guys some days Yeah, no a lot a lot of questions on atr, but look it's it's really it's not complex stuff here. Um, and Just, you know, it's a sliding Indicator or you know Number because that's precisely what atr is and that's precisely why I'm scouts using it so just Keep keep that in mind and don't get hung up too much on the details. I think on that Um, it's google it google what atr is and it's just giving you it's reflecting the current volatility in the market It's all it's doing right and the way I trade my zones Because I used to just have standard amounts of points where I would trade these zones, right? So I would say okay. Hey if es gets three points outside of the zone I'm gonna I'm gonna short it aggressively so on and so forth And that's not the right way to trade these because one day three points is a lot for es another day Atr is like 20 and three points is just a blip on the screen, right? So I I'm adapting To dynamically adapting to the volatility the ray trade the zones. That's all I'm doing right and that was all through trial and error Right, I learned the best way to again. I've watched thousands and thousands and thousands these over the last few years I've determined the best way to trade them is to know the current volatility and trade them that way And that's all it is google atr. You learn what it is Come to my trade room watch me trade every day and learn how to do it If not get on the book map webinars. I do the same thing in the book map webinars every thursday All right, so we're just waiting to see what happens out of this um Of this zone remember I am We're dancing around the yellow lug here. That's why I'm not taking this trade aggressively short You see see what I mean about dancing around the yellow lug Like it was below and it was above now it's below So if that's why this current setup this cell ice that I just had that that black zone I drew I'm waiting for atr retest failure atr retest failure To determine which way I'm going to go I mean, I'm not going to just jump in a short here So but we will check atr because it's getting close 31.16 so round up 31 and a quarter points. This was basically at 70 So I need to see 39 Three quarters Which it's almost at right now that would be an official full atr away from this zone If you guys in my trade room are listening You'll be watching this closely So if we do this this this then I will short it Does that mean it's going to do that? No, this is what I'm talking about if you love this area and you're Extremely bearish and you're like no we're through that important zone that zone didn't hold I don't I don't care what we're doing around the log. I want to go long. I want to go short. This looks horrible Then take this aggressively because it may not retest. That's the risk you take right? That's the risk I'm taking that we're going to get and I'm fine with it because that's my rules Those are my trading rules that I that I follow. I don't switch them up every day That's how if you want to beat the algos which are Again 85 in the market if you want to beat the algos you have to trade like an algal Meaning you don't just flip flop your rules every day or start to add something new Oh, I like that indicator. I'm going to use that today. Oh, I like this. No, I have my rules I wait in this sense in this instance because we're dancing around the other log I wait for a tear retest failure then I'll go short if I miss it. I miss it. There's always another setup right around the corner So at the end of the day The way you judge yourself is not on your p&l. You can be down on the day. There's your atr by the way um You can be down on the day You can lose money on a any given day and you did everything right. That's the key at the end of the day You judge yourself. Did I follow my rules? Did I break my rule? If you followed your rules and you lost money Fine, you should be happy with yourself because you did what everything you can do The only thing you can control is yourself if the end of the day You lost money and you broke your rules even if you made money and you broke your rules You should not be happy. That was just you just got lucky, right? If you break your rules, that's how you determine if you had a good day or not right not by p&l There you go. There's your atr. So now I'm hoping we get a retest failure and I'll short this So this is another example of you do not pay attention That because it's just a game. It's just algos screwing with you guys You see this this heavy liquidity like I don't think we're going to make it. Let's move it up with a tad It's so funny to watch really sometimes you'll see it like here and then it'll be here Then it'll be here. It's pretty funny to watch Good. This is this is the key like you get to see what's actually happening in the market That's there's nothing more important than what you're watching here. It's a real-time volume I don't care what line you have on the chart. I don't care what zone you have on the chart If if you're not getting a volume event in that area, it doesn't mean anything Right, it's like but that can also be a signal too. Don't get me wrong If you come to an important area and there's nothing there. Well, that could be a that could be A signal that You can fade that area right because there's nothing really happening. That's a whole different, you know strategy My point is you want, you know, yeah, you want to know where important areas are but you for me I need to see in a volume event to confirm what I what I think is going to happen Now you got your other guy starting here shortly So let's hopefully we get a retest there and actually put on a trade on this webinar. That'd be cool Miss the fill there So this is still alive for the short but remember I'm not this is wheat I'm not shorting into the blue lugs. So I'm not shorting until we make new lugs And here we are again, right did get a basically a Seven seven move off of there Oh, and by the way Here's a good example, right? You see these days right here. I just haven't merged them or I might have separated them Here's day one. This was Put this off here for a second This august 29th day two There's day one's value area Here's day two 50% of this day. I mean is this day within 50% of this day? Absolutely. So we merge those two This is my favorite part of doing this because I feel like I'm playing pac-man if you're old enough You know what I'm talking about So that eight that that area eight the other one Now is this volume area inside that one? Absolutely is you merge that one Is this one in inside this three? Absolutely. So now you have a four day Market profile composite very very powerful the best trades and you can see what's happening here, too This is right here right now. This is a great trading area and we have a volume setup Great trading error no matter what happens here. It's a great area And then if this this fails out of here this gets inside this one The tendency is to what get to the other side. So if this fails We get some new lugs. I will short this and I'm looking down in here for my targets And you can see point of control for this one was important For this composite look at that. Oh, look at match exactly up to this market profile Composite low you're going to see how and I use market profile don't I do not use volume profile Because I look at enough volume stuff. I need a different view on things. So that's why I use the tpo It's just a time price opportunities. It just draws a new, you know what new bar every time period You would be amazed at the strength, you know, these are Very important areas like lugs on and so forth and many times you'll get the lugs like you do right here And I'm sure the related somehow. I don't know her magic formula But like I've said before I think the trading guys have spoken to her with whatever she's using because they're so incredible But I'm sure this isn't a coincidence. This blue lugs right at the bottom of the spark profile composite Doesn't mean that's what all that is. I know that's not all it is, but it's that's part of it I would think but anyway, it doesn't matter. I don't care. Here's my analogy guys. They're every week I get this we get this in the room, too I guys say no, I don't know that I don't know the inputs of this. I don't want to trade it I am very selective what I use in my trading and I've rarely had anything But when I see something work for nine months, you know The guy that told me about this made like millions of dollars with them and I wouldn't let I finally started watching them I don't need to know the components. I need to know they work It's just like when it's my analogy I use when you walk in a room and you need light Do you flip the light switch or do you take the light bulb out? Light bulb out and start looking at the filament and try to understand how it works I don't need to know how light works to use it. I don't need to know how these work to know. They're incredible, right? So that's the moral of that story Watch this closely today if this I want new lugs, but if this can break down this is and you can say Look, what's down here guys? I wonder where we're going today, right? This is just more when you do your scale of being long or short you add in all your things You're like right now long wise we are at the but very bottom of that. We're at a blue lug If we break broke the blue lug liquidity below inside the prior market profile composite Do you see this and then you use your scale to determine? You know your story and which way you want to trade and then you use the real-time volume trade it simple Not easy Simple writing is simple if you can use this stuff the right way. It does it still not easy, right? But All right, we never got a retest of that zone which sucks But you can see they're hammering these stocks too And these are the highest weight of stocks that comprise the indices that the futures are derived from So it'll behoove you to keep an eye on these you can come up with strategies This with this stuff if you come to an important area And you don't hear these things firing off You can fade it things like that, right? I don't trade like that But I you know, I keep an eye on it Especially if we like we come down an important area these they aren't selling the stocks And I get like I hear buy ice come in or something. That's a great trade. You can come up with that kind of strategy So that whole idea is to come up with you know, three to five Really strong playbooks that you just wait sit back and wait for and then you take those trades You build them up gradually from one after another over a six months to a year You should have three to five and then you just wait like a sniper You'll wait for those setups and that's when you trade You don't trade every move of the market because you will get killed and you will blow out your account You're wasting your time if that's how you're trading And you're wasting your money Make it lucky for a while nice little 800 swipe right there So if you're staring at a bar chart, do you know that just happened you have any idea that just happened You're looking at this you're like, oh, there's an up bar. Okay. Yeah deal You see this you're like wait someone just swiped 800 It's important information guys I don't know how else I can say it All right, so nothing's real. It looks like we're getting a retest here. I'll stand for a couple more Minutes and then I'll hop off because I know you got your other guy going but What I'm waiting for here is the retest of this zone and then a failure so I can go short So this has officially gotten an ATR out of here, right? So that is my signal that I can take this trade So if this I gotta delete this remember I was gonna go Actually, I don't remember what that was from it feels like two years ago But I was made an error there leaving an order in order book So when I'm trying to get at so say this market comes like this and rips right through here and gets an ATR But why goes long? No because the long is now invalidated because we got the full ATR below there I'm either going short or no no setup Until I get another setup and trust me. There's one right around the corner It's about it. See if we get a retest here in the next minute or two. If not, no other questions. I'll just I'm very boring trading webinar today with no trading But guys this is what trading is as well as getting that before Some days it's just not there. It doesn't mean I just throw on a trade because I need action There are a couple guys in my trade room that right now Have an action problem, right? I did a one-on-one with one the other day and he's Trying to incorporate all these different things. He's just learning the stuff and he's trying to incorporate all these different scenarios He's like, well, I've seen it work. I've seen it work. Well, that's great First of all, you need to see it work like hundreds of times before you risk your money on it, right to you don't want 45 things going on at one time, right? You want to build one thing at one playbook after another if you're trying to if you want action What I tell everyone is pull up a horse race Pull up some horse racing while you're trading. There's your action wait for your setups your scenarios in Trading because if you're trying to trade every move for action, you are not going to make it Trust me. It's not gonna happen I've seen that guy Hundreds of times in my career that need action I use the story of the one guy in my trading when I was at my firm when I was right when I started Remember, I told you had to share office space at the time this before I was making money I literally I'm not exaggerating. He would get up. He'd leave go plays in video games in the game room He'd come back. He'd sit down at his chair Within one second. He'd just throw on an order No reason why I mean he wasn't even at his screen and know what was going on That's what I'm talking about. That is an action trader. If you are that person You need to stop because you're not going to make it. Here's your retest of the zone Now May not get filled on this, but you guys are going to know what I'm doing here So let's check it again ATR is 32.2 I really hope my room caught the the test trade that we're working on there because there it is again Over and over and over. So we did get within 10 percent of an ATR here, right? This was at 70 and a half. We got up to 68 So the bottom of the zone is 70 half. Is that right? Yeah, 70 and a half I'm going to go ATR plus 10 percent which is 3.2 points So that puts me at 35 and a quarter points below the zone puts me at 35 half 35 quarter is where I will enter this trade short If it comes back Okay, 35 quarter so you can see why I wait in certain instances where I just don't jump in if I don't feel comfortable being aggressive I wait for that. It doesn't mean it always does it but it does it Way more often than it does it So now I will short Draw this really quick and then I'm going to hop off I clear out these zones because there's about four on of them on here. So let's just clear out these I'm going to leave that first one there Or that one that stopped me out But you see guys what we didn't even cover this like I saved myself Did I let this come all the way back and take a loss? This is where my stop was originally. I wouldn't have gotten there yet But I got a new setup so I was able to trail my stop piece of the news Yeah, I got stopped out. I made a little bit, but it could have easily just held and kept going You don't know what's going to happen. That's why you follow your rules So quickly let's just draw this. We'll take a quick look at the lugs and I'm going to hop off here And this is pretty good ice And 89 150 is a threshold in here. I think that's correct I'm not going to color it right now. I don't have time, but so that's that We already know this is an important zone here Just a retest of it again Okay, I can tell you this touch Of course every time every time I go to get out the webinars and something comes up And that was yes, but quickly this is not bullish That's a tail one of the four important errors that charting we talked about earlier That is instant rejection. That is not good. We get through the zone. We're doing that Just keep that in mind. Yeah, the zone solo support zone. This is where this directional conviction started from But keep that in mind quickly Crude is below the yellow lug so I can enter aggressively short The long I need to see at our retest. So just keep that in mind for this zone Bruce you want me to draw this zone in the ass or do I need to hop off here? Scott is your webinar. I mean, uh, whatever you like to do, um I don't like overlapping your other guy though Uh, yeah, I mean, uh, you know an hour and a half is is a lot a lot of talking And you've gone through a lot of talking without trading Well, you know the market gives what it gives But whatever you're coming draw, let me just draw this. No, you know, I'm gonna say how I'm gonna try You can see you had 700 almost 800. So I see here another wave of 500 This is one house You can tell by the ice berb's on chart with the black line there Here's your zone We'll color it Whoops because I use black for so ice And I will show you I'll trade this and then you guys are on your own But that's step one. What's step two? ATR. ATR is 8.04 Which is pretty amazing. It feels like it's been dead and the ATR has actually increased. Remember, that's the dynamic View of the volatility Right dynamic gauge of the volatility We are above the old log. So what does that mean? What does that mean bruce? How can I how can I trade this set up? aggressively Aggressively to the long side, correct. I think I drew this too big actually Yeah, make sure you zone in on your chart. So you make your zones Because it could cost you literally to the tick. That's how exact these areas are many times All right, so aggressively ATR is eight. Whoops. That's hourly ATR ATR is 8.04. So we'll say in a quarter And I'm gonna go 10% of that which is like a full point right round up. That would be 0.8 So one full point. So nine and a quarter points. I can go along here outside of this zone This is how I trade them and these are my rules I know many people are like, why would you you're gonna risk wait for it to go nine points? What? Please just understand I've watched thousands of these setups and this is the best way I've determined to trade them I say it every webinar. This is the science. There's no disputing. This is the cell ice and this is an important area You can trade them however you want. You can come up with a brand new method You know Different from when I do it the way I do it is because I've watched so many of these. That's the best way I've determined You trade them how you want. This is this is the volume of it. That's what's important So to go short, I need to see eight and a quarter points retest failure And I will go short and you can see what's down here Confluent with some spot gamble levels. We haven't even talked about that today in that time, but You can see the difference here. Where is this where is this market lit up? Is it lit up up here? Or is it black hole or the difference? I mean we can't go up But there's a very very very very high percentage again that we tag all of this today and it could be right now Again, you think this is kind of information good information. Do you do you see that information on this? Great market technician. Do you see that? Do you have any idea what's going on here? No as far as real-time volume So hopefully I'm getting it through getting through to you guys And how important it is to know what's really happening in the real-time volume because this is what drives markets bars on a chart Do not drive markets All right, that's it. I'm out. That's why I will do with the s aggressive long retest failure short I will short this as well. We already got the retest of this. I'll short nasdaq here You guys saw my grains. Those are all resting as well. So I could have a lot of trades on here shortly This one is pending if we get an ati below here, then I'm canceling this long idea Then I'll be looking for retest failure to go short if we get new lugs this one. I'm waiting for it to break out of the zone This was that was weed. This is beans And then also crew so there's a lot. There's a lot of stuff pending here right now Now, of course, it's all picking up now, but keep an eye on this zone as well All right, that's it not any trading but hopefully you guys learned some lessons That's what my goal is on these webinars to teach you I do this twice a day every day in my trading room And over and you can learn the proprietary stuff we're working on too. It's a very very very promising. So so I gotta tell you I've been using very a lot today too All right, Bruce unless there's any other questions. I'm out. No, sir. Thank you very much scott Excellent webinar and Even though there's nothing, you know, not too much happening. It's it's whipy and stuff like It's just so important to understand what's going on in here Right and this is the key to understanding what's going on. I can't I can't stress it enough Uh, great. Well, uh, enjoy your labor day weekend. Uh, guys, we will not have any webinar on monday. I just so you know and uh, uh, yeah, we'll we'll catch up with you next thursday scott Awesome Bruce. Thanks for having me. Thanks guys. See you. Okay. Bye. Bye