 Good morning traders and welcome to the bookmap pro trader webinar series today With Scott Pilsini and he is a futures trader. He does this every Thursday with us but this is the Pro trader webinar series that we've had all week and You know Scott may go through something a little different Anyway, let's continue on here. You guys know who Scott is. He's been trading for over 20 years and during that period between 2000 and 2 to 2005 Scott was responsible for about 10% of the S&P E-minis future volume futures volume, which is just an incredible statistic. It's it's hard to imagine And it's hard to imagine how like, you know, you didn't have a nervous breakdown during that period, but the amount of stress and Risk is just immense so Anyway, Scott now focuses on treating trading both equities and futures He's an expert scalper with innate ability to quickly read the order flow and volume within the price patterns he is trading on higher timeframes and He'll show you that as he goes through his presentation. I've got his Contact information here. So if you want to reach out to Scott He does offer mentorship a trading room And Educational course on our bookmap marketplace. So if you're interested in that, I'll put these links into the chat so you can click on them directly Go I'll go through the disclosures and then turn it over to Scott General disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific Investment advice nor recommendations Risk disclosure trading futures equities and digital currencies Involves the central risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's turn it over here to Scott and let him take it away Yes You do have my screen correct. Yes. All right. So first and foremost, we've got the usual Fed chirping Tape bombs in the In the market so those go on I mean it's to the point now Would you either just don't trade overall or you just accept that you put a trade on and they say anything that is You know these hours pick up a some keyword in your whole trade is just blown up. So Spot gamma Brent Kachuva actually came up with the word tape bomb or the phrase tape bomb and it's very accurate I've been burned a few times the last last couple weeks on the tape moms, but It's one thing when you know that they're They're coming out But there's been a few where if there's no listing that they're gonna speak and all of a sudden They're just like at some luncheon or something and they say something in the market rips 40 points It's it's pretty brutal, but you know, these are markets. It is what it is You got to accept it or don't trade so so anyway, he just started talking there was a Pretty decent volume set up here in NQ. I just drew this zone So this is what we call I call a double whammy This is a the dumb money puke the retail trader puke is usually the stop runs Getting out of positions into the waiting ends of sell ice. So the icebergs are Again, if you're new to these webinars Icebergs are hidden orders in the order book that these These bigger entities do not want to flash their size. So if they have 200 to sell You can see by this order book on the right here There's nothing in here meaning You know 200 if someone If the entity comes in and puts in 200 in the order book right now this market will run away from that price So they have to hide the orders So they only have to show up certain percentage of the order and then the rest is hidden behind that order So someone comes up and they think there's a 14 lot there and then there's another You know 200 behind it as they keep trying to buy into it and that's that triggers the obviously the iceberg and So it's kind of like a little surprise order for traders many times So Definitely has a huge effect to the marketplace and this and these two things are the drivers of my trading because So you can see it right now right he obviously just said something that was hawkish and the other thing just swiped down You see these sweeps. This is all algos going off whatever he's saying so this is what I'm talking about like you can have a great position on and You're screwed. So I just got Got done drawing that dull zone and now we have a new setup and it's pretty much in the same area So I'm going to delete this zone and draw this newest setup and again trade at your own You're always trading at your own risk, but especially now you can just see here like literally someone came in and swiped down You can see these sweeps and then they then the buy sweeps came in. This is all algos You know firing off, but somebody was here absorbing 300 almost 400 contracts, which is a lot This is my threshold and Q that that I trade off of is 150 so 150 or more I'll trade off of it and you can see this is almost four times that so this is a This is a good trading area, especially with what just happened before to so the whole point of these is to find areas traders are Loaded up trap and then the subsequent move out of here is going to be probably a large move And that's what we take advantage of and that is what drives markets is volume not lines on a chart not indicators It's yes, they work a lot of stuff works a lot of the time But it's not going to be working if the volume isn't agreeing with it. So This was by ice as well, just keep it this color as you use these colors for double whammy's But there was a double whammy that was in the same area. So And then this zone is not accurate either. So the way you want to draw these zones is take your you know I have these bubbles on here take the bubbles off and get your last price line It's hard to see with the swipes here But you can see it here last price line just right click the chart configure visible components click on last price That is showing you the actual last price and will help you draw your zones way more accurately Then you follow the price action get your cross here That's this up here, and then you follow the price action all the prices that occurred in this spike, right? So This kept coming obviously got a lower this zone because these prices were still coming in still coming in came back up So it looks like and down here This was not part of it, but this was so I got to move this this bottom of the zone all the way down in here And then I have my don't I'm gonna get up that came all the way down to right there So that is the buy-i zone. Hopefully we're still hanging out here. I'm not missing a trade All right, so then we bring the bubbles back up And so guys these are just buying sell orders. It's not you know guys that get book map They get all giddy which for For justifiable reasons. It's the you know, this is this is why I'm I'm still trading right if this wasn't for book map I would be in a doctor's office right now sitting in the waiting room With sick people waiting to go in a doctor's office for 30 seconds to kiss his ass to try to sell something So this is why I'm back in trading. I was a multi-million dollar trader got knocked out of the game because of the algos So on and so forth, you know, and I had to get out in 2013 got back in Dr. Britt steambarger Probably the most well-known trading and best trading psychologist on the planet Good friend of mine work with work with them. Anyway, you wrote the book and hands. He traded performance Put me in that book sat behind me for a year anyway fast forward. He contacted me in 2017 today You want to maybe check out this book map software? It's pretty incredible It reminds me of what you used to do because he sat behind me for a full year to watch how I traded and see how I Generated the profits that I did so he knew exactly like the way my mind work and that this that this program would be a great program for me Yes We'll get into the stories the glory day stories in a little bit 1231 1234 150 So this is the spreadsheet that I used to enter my values and figure out my exact trade points This is part of my trade room. So if you want, you know, you're part of my trade room You get access to the spreadsheet and this thing has been an absolute godsend. Thank you for the Creators in my room that have helped build this Jay Labrada and Alex and a couple other guys I'll help the inputs of this thing and made it better and better and better It's just pretty incredible. So the way we do this is we draw the zones and then we enter our zone prices. So 12332 is the bottom of the zone We got something that just fired off and uh, yes That's your zone Then you want to put in the current ATR the average your range. I'm using a 14 period wilders default and thicker swim You can program this to any most any trading software You can google what what wilders ATR is. It's just literally just it's just Judging the Current volatility. So what that means is the market's moving about 20 22 23 points Ranges every five minutes right now. So very important factor of our trading, right? So Have to adjust the volatility if you are trading with static I'm gonna try my best not to be going into rants today But if you're trading with static orders, there's so many people like to, you know, trade their trade in the S and they I like to put on, you know, I like to trade Risk three points to make six. Well, yeah on that certain day if the volatility is doing nothing risking three points Is okay If the if the ATR is at 12 that day and you're risking three points Good luck. It's just a sneeze is going to stop you out. So it makes no sense to have static stops and entries You need to adjust to the volatility and that's what that's that's what we do. So you heard this I'm gonna get rid of some of the stuff. This was um It's still relevant, but you know, we just had a new uh, sell stop Tape bomb here. Obviously he's saying something hawkish and we've been talking in the room. Just give us this how I'll get into that later when I go into my Fed Rants We'll get it on and I like to complain about it because it's ridiculous, but it's part of the markets These guys chirping all day every day. So, um, let's see that came down to there And it looks like it started up here. So that looks like an accurate zone So i'm doing the same thing I did with NASDAQ 4975 down to 4650 is your current zone Not 4400 4650 and our ATR in here. So 5.35 That's not crazy, but it's not terrible. So it means it's moving about five five and a half points every Every five minutes. That's the range. So that's again One of the most important things you can be using and judging Looking judging what movie is that from? I think it's stepbrothers. I mean, uh, that's stepbrothers I can't remember what Vince Vaughn. Anyway, um, I digress. So that's the zone So now we have the prices now the way I determine which which way I want to trade off of the zone Is when this market is able to push an ATR out of here. So I have two different types of entries I will enter the minute it gets just outside an ATR outside of the zone or I wait for the ATR I wait for the retest then I wait for the fail and then I get in there's certain strategies We're using the room. So we are are working on these individual playbooks All these different playbooks that I am trading some of them are and I actually don't have I don't know. I should have put aggressive or not aggressive. So it's like this one is an aggressive trading Yeah, we'll get I would get in That's it We get in the minute a broken ATR out of there. So let's we'll go over these and see what let's see what what is in play here Right. So first of all bigger picture This is an important zone. We call this an inflection zone. We have an exact trade called the izzy So I just got a volume event in this zone. It's been actually hanging out in this zone This isn't this is an important zone. It's pretty wide zone You know again, I you know I draw Yeah, scott. I think we lost your uh audio there Looks like you're frozen Yeah, now you're back. Yeah, I've been having this issue I was going to call them yesterday with my internet It just like we're randomly just go out for like 12 seconds and then come back on so Sorry about that. Now all my charts are all refreshing my Sierra chart All right, hold on. Let me yeah So first of all, I want to take I'm taking this short aggressively out of here first and foremost So meaning I am going to be short at four thousand five based on my risk So we're doing these apex accounts for each one of these strategies You may need to reshare your screen scott. I'm I'm seeing a kind of static screen Of the es I'm sure the mark is away for me here, so no big deal Are you seeing now? Yes, okay so I I still could take this trade But you see based on this setup, but now you see this monster bias coming into so I have to make a decision One hundred seventy eight pond first and foremost This is a lot obviously a little crazy with the tape arms going off But I'm still going to take this trade and then I'm going to trail my stop based on this new setup And then I can trade off this new setup as well So I was what I was saying was before my internet went out three times Four thousand twenty five is my short based on this current volatility. I can put on six This is risking five hundred dollars where I'm trading apex accounts We'll get into that later off each one of these strategies is a separate apex account, right? So and we have the stats on that I can show you the stats a little later for each one of these It's only a month into all of these pretty small sample size, but Most of them are profitable which I fully expect because I've been doing all these for the last four years And I know, you know, basically in my mind and when I finally have structure for them. So anyway, I'm going to Short this Let's see You know what I'm going to do. I'm just going to wait I'm going to trade off of this setup because this is this is large bias coming in yet This is huge, right? So I was going to trade off this stop run aggressively But this is basically trumping everything like as this is the edge if you are staring at a bar chart or any kind of chart And you don't have this information. You don't have all the information It probably will hoove you to know that somebody is stepping up here and buying Almost 3,500 contracts. That's pretty important. So whoever just sold these just got a mouthful of bias Does that mean it's just going straight up? Absolutely not. It's got The odds are this will hold because this is the big player big players I call them the smart money. Why are they smart? Because they're because they're just all knowing no because they can push the market around with their size This is what I used to be, right? I used to play games and push the market around all day long Would that make me a genius? No, I had bigger size and I can I can just push the market around like a bully That's what's going on here. If you don't think this is the driver of these markets, then you are in the wrong business, right? So this is very important, right? So I'm going to draw this zone And what my point was we don't know if this I would lean towards a bullish move off of this because you know, these guys are huge and they could keep putting more Bias in here, but if this fails then they're wrong and they got to get out too, right? Then their risk manager is going to be calling them on the phone like I used to get calls on the phone And literally would yank the phone out of the wall back then there was no actually we did have cell phones, but it wasn't that long ago But anyway, uh, they're not pleasant calls But uh, you know Some traders fire and when they're wrong they got to get out too So we the way we trade these the way I trade these is judging how this market reacts to this area And that is the whole basis the whole foundation of my training And I was you know, a huge scalper at one point Bruce was telling you I used to trade 10 of the world s&p volume every single day I got an email the other day some guy was like that's a lie. You didn't do that. It's like, okay, dude I can you know, you want to see my trading statement. I actually have all my trading statements from back then too So I would average over a million contracts a month in and out in and out I would be literally just flipping orders all day playing games pushing the market around that was my gig, right? So my point being is I'm not going back to glory days I'm not bragging right because I just told you I was sitting in a doctor's office not too long ago trying to Make sales because I couldn't make money anymore until book map came around So point is I understand what when I see volume like this How bigger traders react how how the area will react based on in my my various setups That's in my si course on the book map our marketplace and on my website Speaking of which I thought I was going to have it done by today I should have it done by money the brand new one and it's going to cover everything right the the first one I put out guys you got to remember and it's still relevant It's still a great course because it goes over what's going on in here It goes over the the exact setups that I'm still trading with this day It's giving you the thresholds for each market that is worth trading, right? But the new course I've evolved right you got a lot that was that was made in july of 2020 I've evolved with the stuff and now you know we have now we have the zone drawing I didn't you know the zone drawing wasn't pertinent back then as far You know, I just would see the area and trade off of it. We have the zone drawing. We have how to trade with the atr Um, we have the sweeps indicator. We have the on chart indicator all that stuff's going to be in the new course But the old course is still very very relevant and I tell people that come in my trade room You know you're better off You can come in my trade room and learn the stuff, you know on the fly But you got to remember I'm doing live trading So I don't have time to go through each and every nook and cranny of what of all these setups and everything else So, you know, if you come in the trade room, you can learn on the fly But you're probably better off getting the course to understand it to speed up your leading your your learning curve So anyway Course is based off of my experience So the reason I'm just kind of still chirping or this Marcus just mounts around the zone So let's just put this zone in the spreadsheet And then we will figure out how we're going to trade it based on how the market reacts here It's four thousand five and I'm glad it's yes right now because a lot of you guys are es junkies Which I don't understand this market sucks most of the time You are doing yourself a disservice if you are not trading watching other markets this volume These volume setups. It doesn't matter what market you're trading They're all the same Meaning Traders react the same way. It's all about volume 30 39 98 Is 5.46 now the way we're going to trade this area Is I want to judge by so you can see all these prices on here, right? So The way I judge it that zone if it gets touches this price then that is a bearish setup if it touches this price You see the validation 1050 it's a bullish setup Then I have various strategies that I will try to either aggressively or Conservatively so we will you will see this real time What I'm going to do I'll talk you through it. I'm not putting on actual trades on here anymore It's just for compliance and everything else is really no need. I'm walking you guys through this This is not like To mirror my trades like you could say well I think I think what scott's doing is a bunch of bullshit part of my language And I want to fade them then fade me here the prices if you want to fade me So if I go along you want to go short bring it on that's all you're really doing against these other traders This is a competition. This is a zero-sum game, right? So you're you're trading against other people and that and you know big money And now those that are trying to take your money. So you need to view it as a competition So anyway, this is bouncing around this zone. We will wait to see how this reacts. So back to the bigger picture stuff I know that this is an important zone here. They actually just kind of broke out of here I was going to take that short aggressively off of that stop run But I've changed my mind off of this whopping by ice below here. So we have a specific trade called Izzy, which is just short for we name some of these most of them are like funny names So they're memorable and you laugh you got to laugh in this game or you're going to lose your mind So, you know, they're funny like one of them is called barf barf is actually we'll probably put on a few barf trades today But Izzy is an inflection zone. So these are inflection zones. What are inflection zones? What I was getting at the four important areas of trading That's the natural gas numbers coming out. So Markets are one or two states, right? So they're either balancing These are just balance areas are traders placing bets longer term traders shorter term traders, right? They're either balancing or they're trending they're balancing or they're trending they're balancing or they're trending, right? So the four important areas where I draw these zones are tops and bottoms of balance areas High volume zones of balance areas. I don't just draw unless there's something else there because I'll have too many zones on my chart But I eyeball it you can just eyeball these areas just a general area like this right now this current balance area I know that high volume nodes are right around there, right? It's just a smack dab in the middle of a balance area Directional conviction and buying and selling tails There's a selling tail There's a buying tail There's a little dude there Selling tail you would be amazed these tails are everything is really important, but tails are really important as well It's just instant rejection of areas. So anyway in this zone we have A selling tail a selling tail directional conviction out of here This is an important zone and you can see that's why the market is still just kind of struggling here So these these zones will trade off as fate trades as they move into them And it also gives us information if the market just rips through them So if this market kind of goes like it hasn't it's struggling which is what usually happens But if this market were just to go like that That's giving you a heads up something's up too because it should stall in here When you see markets rip through zones and you like okay wait something's going on here I probably don't want to be looking for shorts right now when you're coming up your thesis, right? So I'm a day trader even if I have like yesterday I At the close at the In my pm webinar. I want I wanted these markets to go to zero I always wanted to go to zero because I think it's a bunch of nonsense I think they're held up and you know, just it's like a I can't think of the word but anyway, I'm always cheering for me to go to zero So there was a trade set up yesterday that was bullish in this zone And I was waiting Maybe you had a little balance there and there and I was hoping to go short And that was what my gut told me my thesis was like, yeah, I think we're gonna break But then we got a bullish setup We had sell ice that was broken called broken ice one of my six distinct setups the market moved away It retested it failed and we got short we got long in my room And it was painful to get long But I'm a day trader and I took advantage of the long and it ripped, you know 15 20 points into the end of the close So the whole point is I will trade these these strategies Either way because I'm a day trader But when I get these strategies and lined up with my thesis for the day, then you can trade bigger size, right? called an a plus trade The story I tell, um, you know when I got back when I got other doctor's offices in 2017 when I when I was in her Tuesday book map I actually started trading with smb capital I was gonna learn how to trade stocks and they They literally have they make their traders come up with A plus setups and if they don't trade bigger on their a plus setups Then they are grounded the following day. They have to trade in the simulator, right? So point is when you see when everything aligns the way you think it is and then you start For me when I start to see these volume setups in that direction, you can trade bigger now There's you've got to be You've still got to control your risk, right? So this is what this Another incredible thing about this spreadsheet You plug in your risk and how much you want to risk on a per trade and it tells you exactly how many you can trade right So for these apex accounts We'll get it out a little later too. So each one of these strategies has their own apex accounts Like I said, I won't look at some of this stats for them a little bit Um, I'm risking 10% that is if you are trading a regular your real money your money You do not be I would not ever be risking 10% on a trade if you have a bad day Which you will you're going to blow out your account The most this should be the most on just a regular trade is 2% right If you get an a plus trade So 2% on individual trades just on normal trades and a given day You should never be risking more than 6% of your account size ever Just shut it off walk away. I'm not going to go on that rant right now I always do get a broker that shuts you off at a pre-determined amount because you're not going to make the right decisions when you're You know when you're pissed off under the you know losing money Trust me. You are going to get killed. I've had many many many rants on these webinars about that So point is if normal trades are 2% Well, if you get an a plus setup you can trade 4% of your account size You just got to know hey, if you lose on that you've got one ball at left That one more 2% trade and then you're done for the day You could risk 6% on one trade if you love the trade, but if you're wrong you got to shut it down, right? And so I'm okay with trading 6% if you love an area and your thesis and everything lines up But you've got it you've got to accept the fact that if you lose you're done And you've got to do that that is the most important thing you can do It's account preservation. You I don't care how great of a trader you are if you don't have money to trade You're not trading. So that's another reason why we talk about the apex stuff Just quickly and I'll go on in this. This is just this apex. I'm sure you guys don't know about it go to my Webinar with these guys and so you go here you can pick your account size So I'm doing I was doing a bunch 100 150s but some of the guys in the room were They're doing the 50s because it's a better profit goal versus what you can lose like this one You got to make three grand risking 2,500 this one you got to make 9,000 risking 5,000 so These are great ways and then the other thing too. So these are the prices and they have their special going on It seems like it's every other day, but If you plug in It's not on this one pulsini 50 I believe Um, that'll give you the the 80% off or whatever they're doing right now So anyway, we'll get in a little bit, but as far as like what I'm doing, which would be the strategies So I digress a little bit Point is don't be risking more than 2% of your account here. I'm being more aggressive because if I blow them out You know, then I just have to pay the reset fee. It's like 80 bucks or something. No cares, right? It's that's not like I'm losing 5 grand on a trade or 10 grand on a trade They're just incredible as incredible way one if you're working on your trading say you just come in my room And you want to learn this stuff You don't want to risk your own money And then you know when you do learn it and then you do well then you're funded anyway And it is night and day versus being funded or trading your own money. I don't care how much money you have It still has a psychological effect on you when you're losing car payments Mortgage payments kids tuition in a day. It has an effect when you're trading somebody else's money Yeah, it matters, but it's not like life or death, right? I'm telling you that is that is so important your trading if you can trade other people's money And then the other thing I always talk about is turning off the Your risk, you know, when you put your trades on what not watching your p&l, right? That is so important I'm going I'm going over I'm touching a lot of rants today, but I'm not really ranting So it's kind of cool All right. So now we're just waiting here though. So what is the price to make this? aggressive or a A bullish setup And that price is let's just make sure this at you want to stay on top of this atr until you actually till I actually get Filled what I do. So it's 5.36 now So to make that a bullish setup 10 25 Did this touch 10 25 real close, right? So what what does that mean? Well I there's no strategy right here where I'm going to go long aggressively, but I'll still go long. So for instance the barf trade What's the barf trade? That's when I wait for an atr a retest of failure and it's any setup blindly So the whole point I'm doing this is to show my room That it's this trade here and I did this last not last December the December before For my trade room to prove that this is the ultimate edge, right? meaning Without any other inputs. You can literally just bring up your book map a not. I don't care where we're at as far as structure Ludwig levels. We haven't gotten a low jet Nothing else matters except for volume events at our retest failure if you just take those alone There's an edge in that trade you you will be a profitable chin and there's the there's the atr by the way So this is a bullish setup now So that alone is an edge, right? Then you can imagine So if that's just an edge inherently by itself You can imagine if you find really good areas to trade and we'll go over some of the areas That I trade Then it makes the the edge even greater, right? And we'll get over we'll get in all this stuff, but this is not a bullish setup Now this is the issue with waiting for atr retest failure. Does it mean it's going to come back here? No, and that will suck if it rips away and I miss the trade But that's why I have certain instances where I get in aggressively where I would be in right now or I wait for retest This is not a great area in my opinion to be going long So I am not taking any aggressive longs here. So I I demand this retest fails Like I said, is there a chance this just rips 50 points from here? Absolutely. Then I'm not I'm not going to be part of that Off of this setup. There'll be other setups if I miss this one, there will be other setups, right? but I am demanding this Action for me to get long on this on this barf trade. None of these other trades are in play To go long slug is we'll just go over this quickly. So slug is an aggressive trade at the important These are Ludwig levels. So this is the second most powerful thing I've ever seen in my trading career for futures Book map being number one si indicator being number one of number one Book map book map and si indicator. Then these are Ludwig levels. So the red and the blue are Major resistance support It would be absolutely to this day. I've been using these things for Two years now Still floored on how well these market these levels work So you can imagine getting a volume setup at the Ludwig level that is corresponding with like a resistance, right? Meaning we come up here and we get a stop run. That's the slug So if we get up come up here, there's a stop run that fails, which I call a dumb and dumber one of my six trading setups I get in that trade aggressively, right? That's obviously not in play for a long right now I'd be looking to go short up near 1650 if that happens. So that's not in play. What's the next one? Liquidity trade lick, right? You see how these are like funny names and it helps you remember them as well So is there liquidity? We talk about liquidity every webinar. I look at that. So this is A potential liquidity trade too right up here We take bets every I take bets every week on whether the market's going to tag the liquidity or not and I'm right Pretty much every time Does it mean it's going right there? It good But it probably will screw around a little bit and then it'll get up here eventually Why because the longer this liquidity has been in here the longer these guys want their fills They don't care. It's not them trying to scare the market away. They want to get filled So something comes out very bullish if these fed clones say something Say something that's very bullish right now. It's going to rip right through there Well, they're letting this sit in here forever. That means they want their fills And when they want their fills, they will get the market up here eventually to get their fills That's just the way it works I say it every all day every day these markets are 100% manipulated But the point is if you can join them and understand what they're doing then you can join along And this tells you what they're doing and this tells you what they're doing If you have that information you are a lethal You will be a lethal trader if you understand a little bit of market context And understand how the market should react to these trading areas You will be a lethal trader with just liquidity and the sci and cater So now so that is in place. So what do I need for so my again? I didn't list this on here because this is an abbreviated version My you know my trade room has the full version with all the descriptions of these But that's part of my trade room, right? That's what they pay for come in there And you get the descriptions of all this the spreadsheets on and so forth Anyway, this one is a conservative. I'll just put this one real quick Let's just do the ATR P test Dale trade, right? So that's the conservative entry Well, I won't only take the lick trade if it goes Actually, I'm just gonna let me get rid of this zone because I'm sure it's probably confusing some people Let's get rid of that it's still important But you know we trade it up and through it so it's not just like anything in trading If you trade up and through it a bunch of times it doesn't it's not worthwhile This is still very worthwhile. So the lick trade To get to that I'm waiting for that that that I'll go along and I'll play into that liquidity and if this struggles there I'm out of everything that's in play Barf trades in place. So two longs are in place so far. Let's just hurry up and get through these I don't know exactly what I'm looking for Izzy trades and inflection zone trade. We talked about that that would just be a short here. I'm not going Izzy trades or fade trades. So when markets move in new important zones, I look for You know opportunities to fade it So this would not be a long in here would be a short potentially but this setup is not a short setup So that's off the table right because we got an atr above the zone. So that's not in play barf is always in play This is the most active trade because you're I'm literally just training every and this is just an individual account that I'm trading It on to just every time I see a volume event at our retest failure. I take the trade right so that's in play to go along Uh Dad at that's um That is a Set up a stop run setup at at extreme standard deviation of VWAP right so VWAP You have all these algos that play These fades at these at these extreme standard deviations right kind of like that one. So what I'm looking for I'm not taking the lugs into consideration for that trade. I'm just looking for so if this market moves up There's a stop run at extreme standard deviation. So this is VWAP. This is one standard deviation One standard deviation away from VWAP called daily value area. This is one and a half This is two. I don't have two and a half three four on here But you can just visualize where they would be right So anyone that is one and a half or more and I get a stop run that fails I take the dad at trade I'm sorry as long as there is a delta divergence So you can see right now there is a delta divergence So first of all, why did this why do you think this delta divergence happened right here? What happened right here? So what this is where this cumulative volume does not give you the full picture of what's going on If I'm looking at this, I'm like, wow, man, these sellers are really laying into this. They're women I think I won't look to get short. Well, what what piece what part of the puzzle am I missing here when I'm just looking at this Bruce you want to answer that since I've asked you about 85 times. You better not miss it Um, well, you have no idea about the liquidity No What what happened here? What did I draw a zone off of? What was this selling? What was so yeah, there were aggressive sellers. What was there? Oh, was that would that be a three 35 hundred dollar? Yeah into the into the well, I mean the limit limit orders or the ice orders and I mean basically liquidity But it was ice it was hidden It was nice. So the point is the cvd is showing you it's not showing you more sellers than buyers It's showing you there's more aggressive sellers than aggressive buyers Meaning somebody was pounding the bid here. Well, we know that but this doesn't if I'm just looking at this I'm like, wow, I want to go short somebody's selling the crap out of this You don't know that in this specific area. There was 3500 bias. That's why the cvd just dropped It wouldn't behoove you to know. Oh, yeah dropped. They're being aggressive. But guess what? There's one entity in here that just sucked up 3500 contracts. That's why using the cvd by itself Yes, it's important in certain areas But you do not use this thing in a vacuum You will get your head taken off playing divergences take it from me when I first learned this thing The first couple were like you would see a higher high in the market and this thing was going lower and I get short And I'm like, wow, this is incredible. This is the this is the magic formula And then you will get days where you'll see this and the market just keeps going up and up and up And you're like, well, what the hell? And you're just like shorting shorting shorting and you get your head ripped off So point is this is important information. Obviously you want to see who the aggressor is But at certain areas, right do not just blindly fade this thing Right as every time it's going the other way you will get killed That's my advice on that one. But anyway This is the point of all that is You're using that you have no idea that this this was basically one entity that bought all of these contracts here They're winning right now. Are they not right? So how's that cell going if you were playing off cvd there? All right, so anyway, um, that was covering Oh, that was the dad-dad trade. So what I was saying is so right now basically dad-dad trades actually in players So if this market comes up here This is extreme standard deviation one and a half and we get a stop run and it fails I will be shorting the dad-dad setup, right? That hasn't happened yet, but I have it in my mind I know where we're at. I know what's going on with cvd. I'm ready to fire this trade it All right, and then heavy al is algogad cross on extreme So it's this is another thing we use in the room. This we call it algogad. This is just an exponential moving average This thing is pretty incredible in its own, right? We to give you information on trends and you know, you get pullbacks to that So the this is just a moving average driven band just google exponential moving average and you can learn all about exponential moving average bands These are individual. There's a bunch of them. I think there are nine nine longer term moving averages and nine short term But the blue is the short term the red is the long term Some of the best trades are when the market crosses meaning the short-term crosses over the long term And you can see that started this whole trend move down and now it finally crossed back above and then it may start Be starting one of these but we have a specific trade for once this crosses if we see a volume event Right, but it also has to be heavy relative volume going on at what the cross and that's I don't think that's coming on right now But we can check it See the relative on relative volume. This is all part of the whole Volume drives everything aspect, right? As you can see here right earlier today Huge relative volume coming in right around here and you can see this is exactly where the market came back and help Right, this is just like drawing the volume events the volume events are more like You know focused to this really more shorter term areas These when you see this relative volume spiking This is you know, a lot of times a much bigger area, but they'd react the same way. Why why do you think that's happening? because So first of all, this is based on this is the seara chart relative volume is not think or swim This is based on the last 30 days. I have it suffer 30 days. This is the exact time period The last 30 days is the volume You know much higher and this one was right. So what's going on here? Well, somebody's obviously buying it, right? Well, somebody's buying it somebody has to be selling it too The aggressor was obviously the buyer, but somebody was selling it and they matched up and this is a Very important area. So when this moves out of here, somebody's wrong. We'll guess who is wrong the sellers So what happens? Well, whoever got run over that holds on as it comes back They're like, let me the hell out of this trade and then it does that. That's what atr retest is, right? It works with relative volume. It works with our volume events It guys it's simplistic, but trust me that is if you can view the markets in this simplistic way you will do Leaps and bounds better than you're doing right now with your 85 indicators on the chart mac d Bollinger bands blah blah blah blah blah because this is what your mind looks like I'm sure right when you go to put on a trigger like well, let's see. Um, I got 14 things that show me long And then I got 18 things that show me short Um, and then the sun the sun's behind the cloud outside. So I don't know what I should do here, right? Make it simple. It's very simple volume drives market. Here is your first event First big move here And then you have this here. So it's actually this whole area is the main area So meaning if this can hold then you would expect that because all the guys in here that were selling it are all screwed They got to get out if this area Somehow some way and I'm this what I'm always cheering for can get back through here Then all these buyers are underwater. They got to get out of here. So you always want to be eyeballing The heavy relative volume areas right and then we use the volume setups on top of that so Wait as right now the buyers are winning, correct? Came back guess what some of these sellers said yeah, give me out of this trade and it's right here, right? So that's the information you can glean from this So the point is the the izzy trade I got to see the elbow guy cross with high High relative volume and that's not happening right now. You can see the vines actually dissipating to elbowville When you start seeing this stuff, that's when you get ready for your whipsaws Especially as you get into this time of day and we'll look at my trading results I don't know. I've lost probably I I would say in my career Probably five ten million bucks overall between the ten o'clock and noon Probably more than that actually Central time This is elbowville do your best not to be at your screen during that time would be my number one advice Well, even let's just glance at something as well. We're watching paint right here So this just tells me there's a lot of breath holding right now. So all these sellers here That sold the bejesus out of it. That's what caused that CBD to go down ran into a mouth full of ice are like Just literally holding their breath. I I can we'll be willing to bet if this moves a little higher You're gonna see some puking and that's these guys that sold down here, right? So we're just waiting. I'm really hoping we get a retest failure and I will go along So, uh, anyway, I just want to show you some of this is just one month's work because we're doing one month's worth We're doing each one of these. This is uh called trader sink highly recommended on my website. So guys, I show this every week I'll keep showing it on my website Everything's on here. So trade room one my trade room here's all here's all the different ones the plans and you get Off of my trade course so on and so forth. But in the main page, there's discounts to everything here discounts the book map The apex like on that that gives you the code. It's pulsini 50 for the 80 percent off or 50 percent off Whatever special we're running spot gamma the hero indicator. We haven't gotten the hero indicator that could help That's this here Very well fresh it Um, but you get an extra week for free there. I'm not gonna go down this and cover this right this second not important right this minute Where was I? Oh Oh, I forgot to bring up tip strike my buddy I complain about it, but it's essential like yesterday. We used it. It was it was awesome like I've used this thing for close to 15 years. That's how important this is So we have this set I have this set up to you can see here we go with the waterboarding. So, um, Let me get this off here and change this So these are basically just set up for the, um So it's not grabbing that Anyway, I have all the you know, these are the highest way to stocks to drive the indices that drive the future So I have those I have these but I have all the other so if something starts happening in crude I'm gonna hear it immediately and then I'll know to look over there I also have my vime event. Uh, you guys are hearing fire off. I also hear those as well But I've used this for 15 years The point is I call it waterboarding because so say I'm short right now I get to watch the market go like that and then I get to listen to it It is I've never been water bordered, but I'm assuming it feels about the same way. It's it's torturous, right? So This is a huge component of my trading highly recommended. Anyway, that's you know, that's Discounts to that too. So and then this is what I was getting at. This is the trader's thing click on that This is the best one. I've ever seen I've ever used the same. It's pretty incredible. So let me let's look at Um, so I have each one of these strategies in here It's pretty pathetic. I have all this time to do this right now because nothing is going on Um, so like like like let's look at some of these. So this is let's start with the slug number 44 Get that out of there 44 Come on so The slug there hasn't been that many trades yet is this is only one month's worth, right? But it's definitely profitable, but what I wanted to show you I don't know if it shows up in here because there's such little trade activity. No, this isn't the right one I see This thing's really gross. It doesn't really show here. It's not a large sample size. So let's go to the next one electric trade Number 43 I was not pronounced this as much either, but there was a losing time period One of these is it's literally looks like a mirror of my trading career And I know it's a profitable one too 44 and see This one I just showed right Is he's pretty active too. Is he a bar for the most active? Yeah, this is Pretty pretty accurate here. Yeah. So you see here This is literally in my trading career and this one's never even this uh this time period No, well basically 10 this was showing 9 but between 10 and 12 is what I'm getting at you do not want to You do not want to be trading actually. So let's look at this is Well, this is last year's up until the end of the year. Here we go. This is like thousands and thousands. Hey, look at that This is thousands and thousands of trades right Full years of trades. Look at that This actually started at eight Oh, you know why I'm Making mistake here because I'm on I'm obviously on pacific time. So this is this is nine This is actually pacific time. So this is 10 o'clock 10 and 11 o'clock Right, so that's exactly what I said 10 to 12. I was like, wait a minute. I don't remember being this bad in in the morning Anyway, 10 to 12. Don't trade. That's that's a long way of saying that We'll get into some of these later too. Maybe see what's going on here Any questions Bruce by the way while I'm waiting for this retest Which would be very surprising if it did. Yes, lots of questions. I've been answering them along the way though over here in youtube guys in discord. It's in the Special events hashtag special events chat room there So, uh, let's just interrupt me Bruce. If there's something pert I just okay. Yeah. I know I mean, um, no, I mean, I've been able to answer them for the most part uh, I Someone's asking about maybe uh, explaining trapped volume a bit and What you mean by that One second here. I actually completely forgot. I had this position on I put this Actually, this is what my trade room looks like guys do For the record, right? So I put this in here. That's another thing. I I've I've put the uh, Your links in there scott into the youtube and in discord. So if anyone's interested in your trading room or Whatever your website, etc. It's all in there So this is a perfect example. I should have shown you guys this earlier. So I'm was short on the cl slug But we talked about and the easy trade and I'm still short and I need to be getting out of some here because this is actually I get out in important areas and this is another thing in my room. We've been talking about I mean, this is directly out of trading in the zone. I've added in my own stuff But I pay myself on my trades Number five an important area is love with levels always market profile composites High as those poc as we haven't gotten in those yet, but I'm gonna look at them right now vwap sooner Right deviations. We've talked about that spot gamma levels. That's on the equity stuff struggle to get through having resting liquidity Um important predefined zones. That's the easy stuff. That's my bar chart zones and same day prior events, right? So You can see here. This is struggling right around I actually missed this is going to make me mad because I I'd guarantee this is an area down here I would have gotten out Um, let's just take a look so I can complain a little bit I completely forgot I had to trade on just because I was ramp rampaging chirping Um, yeah Pretty much. Let's see here. So I don't get out of vwap by itself, but this was I would have definitely got out of at least a third. I have 10 on 10 micros on which is Guys, there's nothing wrong with trading micros. It allows you to not be all one and not You're just trading one contract. You're doing you're doing yourself to service because you can't it's all or nothing Right, so I gotta stop talking for a second. So anyway, that came down to vwap Which was confluent with this prior market profile composite high Which is pretty close to that point of control. So I should have been out of some of these way way lower Um, and then this is also a prior volume event So I'm gonna watch this for one second and then just see if this can rip a little lower here But this is the most recent stop run. So let me get out of I'll go over what I had on So I had the slug obviously this was this here just quickly. This was the trade. I just talked about stop run at Ludwig level Right, so and we're retesting that zone. So Ludwig levels quickly go to our website. It's uh Ludwig levels.com. It's very modern Just kidding It's actually in my trade room too. So if you have questions go in here Put your name in three free day trial. So you stop on the book map webinar special webinar event You get discounts and my room gets discounts as well to other stuff But anyway, that's what I'm using Ludwig levels.com. I always get like these emails like what did you say? Ludo ludo levels. So that's that's the website. All right. So anyway, I'm looking to get out of At least probably half of these down here Giving it one more chance to blow through. So anyway, the slug was in play The stop run at Ludwig level. There was actually um, this was extreme standard deviation as well And that was this trade And I guess I got in aggressively so that was this Right right here. There was no delta diversion. So that that wasn't in play That was that I got in aggressively then that was also the Izzy inflection zone trade Right here put both of these in the room in my room Give them ads up market moved into this important zone. It's the zone guys It's not exact prices, right? And I print these zones every day for my trade room too Just quickly I'm gonna have a subscription for non trade room members eventually too I just haven't gotten around to it But every one of these you can pull up the chart Blow it up. It actually opens even bigger than that and you can copy all these Some guys copy these levels under the book map, right? So that's another advantage of my trade room but Was what I posted this morning and that was this zone Obviously, we're up into it But this is what you should have been watching for it and for a volume event and you got it So I put on the Izzy Izzy short and the um And the slug So I'm this here So now this is back to that area. I'm definitely gonna if I see and this is where you want to use your bubbles, right? So The first time down here if I was on the screen I definitely would have been out of half when I saw these blue bubbles coming back in now I'm going to give this one more chance. Hopefully it can blow through here These were prior events today. This was a big stop run this morning. You can see here to the downside actually So if this does make it down here and starts to struggle meaning I start to see blue bubbles I'm out or even in here because this is that important area that I just showed you this is vwap And it's a prior market profile composite. I will get out of half my position. I'm short 10 each An Izzy and slug and you have vwap can flow with that So I'll give this one second. Let's see. I think we're retesting that es zone But I don't want to miss to get out of this trade and after this trade There you go. Hey, wow. I've never I've never seen this pattern before. It's the first time for everything guys Getting this happens in my mind from what I've watched about 3 million of these setups it happens 75 70 percent or higher Where the market will retest the volume event It's just one, you know the guys that are caught somehow will push it back These algos come back to the high volume event. They these algos guys There's algos that are built based on the same information. Anyway, it's uncanny So anyway for this market, we have now two potential setups ARF and lick that I will go along All right, so see that when I'm talking about like this has let me know their hammer and gold right now I would have never known that. Hold on. Let me get my so I'm going to go along here and yes, I'm Number one, you want to keep an eye? I don't want to get out of some of these crude. I remember some of this stuff So what happens when you're on one screen and you're watching 85 markets? All right, so all right. I'm out of half of all that for crude Now it's now it's now it's going to drop like three bucks, which is fine. I still have some on All right, so I'm going to be back to this ES trade We already know the zone price is nothing's changed. There's been no a new event. We've retested this zone Let's make sure this ATR is correct. You always want to be changing this until you enter your trade So the ATR is 5.26 pretty close. I will change that Not a big change there. Sometimes it's a huge change. You've got to keep an eye on until you get the fill Oh, what is this? What does this tell me my zone prices? That was a zone To make this a long setup it needed to touch Touch 25 which it did All right went a little higher than there Actually, we have another trade called the reversion trade pretty much touched this exact two ATR and came back to the zone This is like a scalping type trade. We're doing in my room as well. I'm not going to get into that I don't I don't take those trades on the webinars because it's just I can't keep up with them They're just it's it's literally like a scalping type. You're in and out So those of you that need the constant action You know, I always say if you need action go bet a horse race But you know if you're that type of trader and some guys my mind was built this way This is why I was a scalper, right? So we have so I understand that mine said trust me it's taken a lot of years A lot of years to be able to one be patient enough to wait for that two When I get the trade on and watch this action for about six hours That it it's very hard, right? I've conditioned myself But my brain that's why I became a scalper in the first place Because my brain is this type of trader, right? And there's and there's nothing wrong with that If you have the right straight you can't just be a click trader in here and think you're going to make money I'm telling you guys. Why do you think I'm trading this way now? You think I didn't like making millions and millions of dollars scalping I just didn't want to do it anymore. I wanted to give myself a challenge No, because it's not possible from what I my experience Just sit here and get in and out all day You're you're going against I was one of the fastest clickers on the planet I wasn't as fast as a computer, right? So you're not going to just give that up if you're trying to do that You're not going to make money consistently. You show me any trader over, you know A month six months a year that is just literally click and click and click and in and out in and out in and out That is a profitable trader with the commission churning everything else. It's just not going to happen So that's why I trade that way now because I can't scout But anyway that this this is the closest to the scalp, right? So what's going on here? First of all Okay, I was waiting for a retest failure of the zone. Do you see me getting long right now? No So I have this that's not my I because this is all from Watching thousands of these setups. I used to say I used to be like, you know, why would I have to wait for this to move back out of here? I'm gonna I'm gonna be aggressive here and just get right when it comes back here. I want to go along Oh, yeah, I trust me. I would love that too. Do you think I like waiting for this to move back out of here? No, I've learned the hard way when you I would just buy as they move back in the zone It will run me over and like, yeah after it happened about 400 times I'm like, yeah, this is probably the best way let it get like get back out of here And that kind of proves that this mark that this volume event is bullish, right? So anyway I got the 1025 and actually moved on to 80 hours outside of here. Here's your retest now if this comes back Oh, by the way, I what did I tell you? What did I tell you? It's almost like I'm psychic The minute I covered that damn half of that trade Bye. Bye Here we go. This is me all day, by the way, you guys and I'm human That's why I tell my room every day. They get to listen to me bitch twice a day I'm I do the same thing twice a day Live trading like this start, you know going over market to stuff But guys girls everyone on here There is nothing wrong read any trading psychology book If you are impressing your emotions acting like that doesn't bother you when you get out there And then you watch a hundred tick move lower or you're taking loss after loss and you're like, it's okay I'm okay with that and you're lying yourself. All you're doing is you're building up all this anxiety and mental Just crap that you that I personally have to get out as I'm trading, right? So I sit there and bitched all day long kind of like this one But that helps me get it out. So I'm okay mentally, right? So I bitch, but I don't let it affect my trading You got to get to a point. You've got to get it out. So however you get it out I talk whether I'm on my webinars or sitting here by myself. I talk all day You know complaining whatever, but that helps me get it out Right. So I this story used to tell to my wife's used to it Obviously wife and kids that doesn't even face them anymore But when I first started in my trading firm back in the day Once I started making a bunch of money. I got my own I got my own office, right? Everyone had to share an office so people would walk by my Past my office. They knew I was by myself in there and they'd be like Hold on. I want to get if this starts to roll out of here Remember I said I'd be getting out of this a couple more here. I'm gonna get out of Two more here if it starts to move higher Which it is My trade is more important than my glory days stories, but so one second here 44 So anyway, they walk past my office and they go in that in the They go into the office of the owner and be like who is pulsini talking to in there Like he's just like screaming at someone And he would just be like, yeah, that's this imaginary friend I've been talking since day one guys and I have to talk or my head will pop off of my shoulders so the the The thing to get from that is you got to get your emotions out is whether it You're talking to yourself go for a run punch something You don't want to punch screens other than the hard way there too I punch many screens in my life and broken screens and just throwing away money for no reason I'm much more mature trader now, but I still bitch all the time So get used to it. If you're my trade room, they hear it non-stop. All right, so Any any questions? I'm sorry. I kind of did I forget what was even the original question there Nothing's happening yet here guys anyway. So that's why I'm kind of all over the place chirping Bruce, what were the other questions? No, I think we we've answered most of them There was something about that just trapped money what you meant by that but Oh It's just trapped money if you're okay. So at the time You're this you're these sellers that jumped in here and sold the bejesus out of this and you ran and and you're like Yeah, because all all is showing in the order book is about 10% on what's with this So they say it was a 300 lot. So you were a decent-sized trader. You're like, oh, I'm gonna hammer that 300 lot I'm gonna sell another 300. Actually, I'm gonna sell another 600 and this market's gonna rip lower And then you do that and the market goes nowhere and you're like, wait a minute Someone just absorbed all my orders and then it starts to do this. How are you feeling? That's how you you have to view these markets and how you would feel if you're the big trader How would you react? It's the same. They're gonna be reacting the same way, right? So that's why I said there was breath holding up here. So whoever sold here was like They obviously had some decent threshold where they can hold it for a little bit But I would be willing to bet and if it's I still think it's probably gonna happen If this moves up to here, you're going to see Even use the accurate color here you're gonna see stop runs Right guys puking. So my point is trap traders are the guys that are aggressive that are wrong or if this market does this Guess who's wrong? Mr. 3,500 buyer and Trust me All the guys that think they're smarty pants and smarter than me and which probably are but the point is it doesn't matter I could just hear it here at echoing But you don't know what these guys are doing. They could have been hedging options. They could have been getting out of short It doesn't matter. It's the area that's important first and foremost In either way if this market goes like this, well, guess what when they buying here was not the right decision No matter what they were doing. They could have bought lower. See I'm saying so anyway It's the area that's important. That's that's it make it simplistic You just got to think these guys were the buyers these sellers whatever way it moves out of here Is someone's wrong they have to puke out That's how you have to view it. That's how you should view it And then it'll make trading much much easier for you Now we're waiting. Did you see like This is why I wait for that because that's not happening if this gets through here It's go time. Oh, will I take a short off of the setup? No, the shortest is qualified for me personally Once it's able to get an ATR out of the zone But trust me this moves lower. You're going to be getting some new volume events and then I can go short All right, so now I just wait It's called patience They call me mr. Patient Let's see where I just want to see some other places. I'll get out of the rest of these current trade Do you see it's just bouncing off of this is another place So I already got out of a couple more But this is a place where I get out the yellow lug is an important area Especially if it's confluent something and that's pretty close to vwap and the top of this guy This moves a little lower. I will watch the bottom of this Market profile composite and you see it to respect in the top exactly So many times it'll bounce off there So if it struggles there, then I'm out if it just rips right through and this is where you want to use your bubbles and your tick strike We were doing this yesterday. We used tick strike. There was a prior volume event. Actually, I have it right here. I think let's see from yesterday Is around my zones I put in this morning That was this morning This was yesterday So we were watching so I got this is this is perfect. This was exactly what I got long enough in yesterday's webinar so you had This happened earlier, but this would so this was a sell ice event Right the market moved an atr. I actually outside of an atr. It came back. It took a while came back This is the exact setup. We're looking for now with that buy ice came back retest failure I got long two setups And then I was watching there It was this prior event from the day and there was spot gamma levels and I was watching here and I was telling my room trade room Use this to help you because if this thing's just firing off by by by by well, you don't have to get out So I use this to judge if it's going to struggle in an area and the bubbles And this we even played the jefferson's theme song up here moving on up I got that from a guy that I used to trade with one of my best friends He used to play every time he got along the s he would blast the jefferson's theme song If you're old enough to remember that I'm not going to sing it because my voice is terrible Anyway, we played it trying to get it through this area So guys you gotta you gotta laugh right so the trade room is fun sometimes too. It's not all me bitching Anyway, we tried to play the song to get through here didn't happen Then I started seeing the cell bubbles these things got silent. I got out. I got out of like half for the I can't remember exactly, but I ended up getting out of all of them at the close Maybe this is what I'm talking about right so this is a prior volume event I started a struggle. So those are areas where I will get out as well. I don't know why I was even talking about that But Oh because of the crew that's why I gotta have a couple more because this is a prior volume event from this morning All right, and you can see it's starting then bombs off here. So that's why I got out of some more So I still have a couple shorts on so if this does crater. I'm still in it other than that. I pay myself as This is part of my trade room too. You get this is just straight from trading in the zone So you can read it yourself, but this is kind of condensed version right there Right market event. So there's a lot of stuff here and I get out of more. That's why I got out of more VWAP There's a little risk and credit no proof of buying zone tiers same date market event and of Market profile composite low right So there's no conflict in my trading right I put on my trades based on my volume events Then I will piece out at certain areas if the market struggles there and then my I always leave a portion on for the bigger Trying to get like for instance this I will leave this on Say nothing else fires off here SI event wise right the driver of my trading I will leave this on trying for that puppy right So there's so say I still have like five on on each one of these I will get out, you know, I'll piece out if it comes down like baby love I'll leave like at least two or three on trying to get to here that or an opposing volume event That's bullish. That's the only time I will get out of the full trade and or stopped out That's how I allow myself when we were talking about this yesterday in the room About our trading right everyone most people know 2r 3r 4r I only put on trades and I'm only looking for 4r. That's great. Yes And my position trading all these setups these position trading setups are looking for our you know multiples on your trade And that's that's how you make money trading. I 100 agree with that, but I don't Ignore areas just because I want a 3r trade. Do I ignore important areas? Is the market struggling there? Just because I want 4r the market doesn't care. I tell you all the time the market doesn't give a flying You know what what you want. So I yeah, I want 4r I put I think it could go far based on everything I'm looking at But when it struggles in important areas, I'm getting on to some of my trade Right. I'm going to keep some on looking for the bigger move So that the r is yes, it's important and I've always told you guys Yes, you want multiples on your trade, but you just don't ignore things because you want something to happen Right. So that's the point. I get out of stuff at important areas if it struggles So back to yes, see what's going on here We actually had a volume event here in That sounds like a double whammy beans It's You're doing your disservice if you're not watching a lot of these products Especially grains. These are some of the best trades right some of the best trading that respect you see nothing's going on And all of a sudden here's 376 stops and the 222 buy ice That's pretty important information Right, let's go up and draw this and I'll go back to Nasdaq. I may have missed the trade in there I forgot to even draw that That stop run started right about there You can see the sweeps I'll go over this a little earlier didn't stop here because you see the market popped up there That's not where this because the sweeps generate the stops many times. So all sweeps are stops, but not all stops are sweeps That's I'm sure very confusing to some, but we'll get into it a little bit This is only 69 All right, so there's some puking going on look at this back-to-back double whammies This because this is why this is the driver of my trading Look you think so you're looking at this. Do you know this is happening right now? Tell me tell me what you're what you're seeing here. Well, first of all, I know this is dizzy. So But you're like, yeah, wow this This looks short to me. This looks like it's going to go like that. It's chart wise, right? What do I not see? Well, I don't see there's been uh 500 over five almost 600 buy ice here So one there's there's selling. I'm doing air quotes. This isn't real selling This is not initiative selling. Yes You could stop into trades to get into trades, but most of the time when you see stop runs It's guys puking. So first and foremost, I know right away that this is not real selling right here This is guys puking. Then I know there's big money buying it here as well. So I'm looking at a bar chart. I'm like, yeah, I'm going short That's that's not all the information Something's obviously going on in brands now you got wheat stuff. Let me just draw this real quick and then we'll potentially trade off that I shall keep both of these in there So you got to use the judgment too. You could a lot for like the reversion trade We always go to the most recent event you could draw this on there But this is a lot pretty much back to back. I'm going to incorporate it all right and it's not that big of a zone It's only four cents and you got a lot of traders loaded up here Right you get puking and then you got someone buying it big time Let's draw this bottom of this zone That's correct and I try to make my double whammies. This is a double double whammy. You don't see those very often dark blue I want you guys to do a guys count. Let me tell you guys in the webinar. I think I'm already at like 32 Let me know what that count is at the end of the webinar. All right, there you go So that's your zone. So quickly. Let's just plug these values in and you guys can see exactly I just said guys again. Remember I want to write in count 15 11 25 Down to 8 25 This thing is a godsend. I don't have to do it by eyeball anymore, which is huge because I make mistakes non-stop Let's see. Yes Oh wait 25 no short-term memory as you can see And the bottom of the zone, you know, that was the bottom of the zone. Sorry 8 25 So 11 11 25 is the top of the zone Middle that screen 2.57 That means it's rotating two and a half cents every five minutes right around Very important. I don't know if I've mentioned that All right, so to make this a short setup it needs to touch 05 75 to make it a bullish setup and needs to touch 13 75 Pretty sure it's already close to a Whether this does not get down. So we don't know what I don't know what decision, right? So if this is a bullish bearish setup the barf's always in play because that's just the blind ATR retest failure of any Biomemet I can go short on that. Let's check out our liquidity See if the lick trade's involved There is lick both sides So I could this still is a lick trade. I played a little For that if this turns out into a bullish setup I could play for that All right, there's lick in both sides some days You see I'll line up the one way and then you also want to use this as a trader map pro this thing is incredible too This gives you you just put in the values. So for instance, this one Um, this is a new indicator. It's part of global plus You guys should all be getting global plus it shows you the sweeps and everything else like it's you're Doing yourself a disservice if you just have the regular version or the I think thinker swim has like a What's the deal with thinker swim bruce? I always get questions in this. I don't know Is it just like a dumb down version or what do they offer? Yeah, I mean like the good question. Um, uh, we we get the question all the time as well. Um, so the thinker swim version is is is great. Um Uh They're still working on it and developing it and they're just you know behind the the desktop version of book map and the um, there's data limitations as well, uh, you're going to be getting dxv data, uh, and You won't be able to look at the stops and icebergs and all of the um add-ons that we've developed in here In book map. So the the sweeps uh indicators stops and icebergs and uh, and many more, uh, market poles Heat map trader map pro etc. Uh, they're just um, you know They're in development and they're just behind uh us. That's all right All right, so quickly guys, if you don't know what the CMA MBO data is just go ahead first of all Like anything else on the in the world All right, right on the website Explain what this is So market by order it's an enhanced it's enhanced data. That's how that's how the book map developers are able to see the stops and icebergs Shows you all the benefits increased transparency. I am fully convinced again. This is my opinion They came out with this about seven years ago now a long time ago or six years ago There was a period you can google this too and read about it like I'd say 2012 to 2015 16 It was the retail trader was dying, right? They were like a dinosaur because They couldn't make money. They're just every retail trader is getting whipsawed all day long So it was sharky shark. It was algal versus algal in here I'm again, this is my opinion. I don't know for sure But I think it was kind of let's let's feed the retail trader Let's give them a little a little little something something and start showing them A little bit of what's going on in the markets to the level of the playing field a little bit, right? That's my opinion. It's definitely worked because there's the retail traders kind of back a little bit to help feed these Bigger money, but at least we can see what's going on now. You know the bigger traders I'm sure the big firms are not happy with this information and I get I do get questions all the time Well, what happens if this goes away because the CME can pull the plug in any minute, right? I mean then we would not have this information. I don't think they would do that at this point It's been around too long. It would look very very shady of all of a sudden They just you couldn't see this anymore, right? It's just basically like oh, we're just gonna Appease our bigger players that there would be an uproar. So I don't think it's going away I don't know. I don't work at the CME But anyway, you go in here and you read it and you can read markup by price to this day This is what's still I can't get wrap my mind around rhythmic Software data feed is the only data provider that provides you that that data And this is what drives the SI indicator on book map, right? And if you go so quickly because I get questions about this all the time too, you go to book map marketplace, right? Everything's right here. So if you want the SI indicator and that is the driver of my trades I mean what I'm talking about the entire day and be able to met bundle and the trader map probably look at that here But that's what that includes, right? Then you need to see you get that and then you need to get Arithmetic feed because this is what the only software provider that provides. I don't care if you have cqg Um All the other ones none of them give you the CME mbo data, which is shocking to me It is what it is So you can get the rhythmic data through here and then the other thing I get asked to is like, well, what's all this? So these are a few just trades. So I get all the time I get I just trade es and nq Well, then all you need is the CME But if you want to trade all the all the exchanges under the CME umbrella Here's the umbrella because the CME owns all these now Then you get the bundle so each one of these are 39 bucks by themselves or you get the bundle It's 99 bucks and you get all these I highly recommend you get the bundle because you can scan other markets for the exact things We've been talking about all day long So that's a quick little rundown of that really exciting markets By the way get on here and then nothing by the way look recruits doing now. I'm happy. I got out of some Look what a bounce off of I should let's get rid of this. It's annoying me Right off the prior. Do you guys think this is coincidental that it came right here? This is this was the there were buy stops here, but then sell stops. That's that look where this market stopped. That's not coincidence It's a volume of it That's where I got out of some Right, so that's that so I'm still in that and I'm going to hold the rest until I get stopped out Or I see an opposing volume that or I see blue luck Um quickly, let's just go back here. So what I was showing you with market the trainer map pro You can go in here and I have mine program I just want to see every order nothing less than 50 up to a thousand you can make this 10,000 doesn't matter You're not going to see a thousand lot. There you go 181 contract So for the liquidity trades you can use that you can use this trader map pro 2 And this one just happens to be both sides. We'll bring up some of these other ones This shows me that the market is probably going to range over the next day or two Right and this is 60 cents wide, but I can still take liquidity trades either way I need to see at retas failure to take them but that's that's one of the trading strategies So that's where how you use trader map pro looks like here. Let's look at uh Look at es just see what that looks like That's the regular es Like this just gives you like it just clears up your brain, doesn't it? You're like, oh wait, huh? Yeah, there's one little band here, but there's there's a lot down here I think I want to base my thesis to go short Right why because this is A magnet there's a little bit up here doesn't mean it can't come here fill this dango. This is this is a You know, I'm not saying this is going to happen right now or even today But it would behoo you every morning to make this part of your trade plan You bring up and find the liquidity a lot of days You're just going to see this and then black hole up here You know we're going down here Why I've already explained why because the big money runs the show and they will get the market down to their orders These guys want to get filled They will get filled eventually trust me I tell you guys all I mean that's my 40th guy by the way I used to play this game all day every day. This was my game I put in big orders. I know I've talked about this many times It wouldn't be this far away, but I'd be here and I would The market would be like 10 points away or something and I would put huge bids down I could trade up to 3 000 at the time So I would put like 2 000 and then the market would be just meandering doing nothing And I would sell like 200 I'd see how the market reacted They would like swipe down a couple points or like a couple ticks. I'm like, all right that work I'd sell another 200 another point down. I'm like, okay Then as it got closer to my order a k the resting liquidity I would just step on the gas and sell like 500 300 500 People would see that because you can see the orders trading obviously And the order book and the dome depth of market And they would jump on my coattails and they push it right So I would be short 2 000 and they push it right into my waiting bids And I'd get out and I'd be done rinse Was it what rinse wash repeat or wash roots repeat whatever and I would do that all day long every day So that's how I know what's going on in here because The big money runs a show and I was the big money at the time and I would run the show I was hated throughout the the industry hated. I was hated in my own office The one day I was walking through my office I was walking past I can't remember what was it was a trader that was he was there for a while Because every time the market would move around it would be me flip my kids to trade 50 000 contracts a day That's what I used to average 50 000 round turns a day, right? And that's when the es was only trading 500 000 a day to average that you got to be pretty damn active, right? So I was in there doing this crap all day long playing the games. I just told you about Anyway, I was hated across forever. Everyone knew it was Our our firm was 023. Everyone knew it was 023 because back then you could see counterparty And then they knew I was the biggest trader at 023. There was another guy too for a while Um, so they would literally curse me. I'm surprised that I didn't have someone come to my firm and try to Off me But anyway, I'd walk I was walking past this trader's room. He was in my firm part of my firm F you pull CD you mother I opened his door. I'm like, what did I do wrong dude? I'm just going to the bathroom He's like, oh, sorry. I thought that was you in the market So that's a true story All right, I gotta take a breath. What any other questions for us? That one still makes me laugh Uh, no, I know I think I think we're good. Um Yeah, kind of caught up. Uh, there's speculation on how many guys that you would say, uh, but Or are they they wanted a maybe a A poll in here, but uh, yeah, I thought I'd maybe maybe we'll do it another time How many times I say guys in the webinar? Yeah, yeah No, uh, other than that, uh, no pretty good here. Um, just some questions about the uh, rhythmic and mbo bundle, etc Um, all right, so as you see, I mean, this is why I'm Going stories because this market sucks, but let's see when I will promise you Whatever way this breaks out of here is probably going to be the big move, right? My long plays are still playing the only time I'm not going to take that long is if this pushes an ATR below this zone Right, and that obviously has not happened, but you got to keep an eye on the ATR So we're going to keep putting this in Tell something till we get out of there So this was 5.26. I'm sure it's come down now because it's gone nowhere 5.01. All right Go with a little waterboarding 5.01 now. So my invalidation price for that zone to take along was So these are the same prices 39.93. So this such as 30 30 39.93 50 It's disqualified as a long that was with this ATR. Let's put in the new ATR That's 5.08. See if that changed Oh, it's 93.75. So it's come up a tick So meaning I will not I'm still sitting here waiting locked and loaded to take the lungs if this touches 93.75 This is disqualified as a long setup It's also disqualified for me as a short setup because this was able to push an ATR out of here earlier on the long side So I will just be done with this area and I'll wait for a new setup Right, but you can see this is why I just don't jump in these zones. I wait for it to show me what it's going to do Wait there. I missed it. I just I don't even want to bring up nasix I know I missed a big trade in there earlier. I was looking at I just glanced at it Let's uh, maybe bring it up here in a second. Let's let's go to something. Maybe we can trade that'd be cool more buy ice another 338 so you got 220 218 338 so you're looking almost 800 buy ice here, right? That's pretty important information. I'm going to just make this zone bigger You can see in another biometrics Even though that's been very active lately, you can see this is one house. That's this yoan that that's what the si on chart gives you That's just this It's just a different way that we got the sub chart that's down here and then you have the on chart shows you on there I was getting questions about the settings, right? I don't trade off the sub chart as far as the lines. I try I use this. I mean the on chart. I use the sub chart I use these spikes So this is now a five five point zone, but it's warning I'm okay with you could just draw this most recent of volume of that But I want to incorporate all this buy ice So now I'll just trade in the same way I trade any other one, right? Let's see what's going on here just starting to hit equities So there is a question scott about Someone who usually Accesses and trades the es What would be the next market you would recommend? Well, if you don't want equities, you know, obviously you want to watch es and q russell or my three main ones that we watch and trade I have dow up too. I don't trade that that often but If anything you want to have these up like russell and dow when you start hearing setups in these markets Something bigger is going to happen. I don't know why that is it just you think because these are so thinly traded These markets would mean nothing. It's just it's opposite when you hear stuff firing off in here I don't think we've had anything in here today The other thing too here quickly is you want to bring this up so you can because When first of all when you're watching a bunch of markets, you're going to hear this stuff's going to fire off You're going to hear it you're but you're not going to hear it You're going to listen to it but you're not going to hear it this you bring this up to be able to keep track of You know, what's going on and that's just going here file And alerts and then you hear it audio and then you hear it or you see it and then that's all in here You can set that all up in the settings, right? So here's for my Tech for my stops. I have my texts and my voice the text I just showed you the voice is what you're hearing and then then you put up your threshold So I move my beans in 175. So anyway, um the other markets you probably want to watch If you're not, you know besides equities because a lot of times obviously the equities are all moving in tandem Right, so you don't want to be loaded up in three different you could But uh, I would watch crude painting the ass. It's algoville, but it's you know There's one or two houses in here that just run the show, right? They just you can see it If it looks like a christmas tree, it's algoville, but it's still It's a very active market put it that way. I would watch crude Trade them the same you're trading all these setups the exact same way as long as you know the thresholds Meaning the amount on the sub chart that's worthwhile the trade then it doesn't matter what market you're watching So I watch crude my gold probably not it's a Most of the days is just stop runs back and forth. I'd watch grains. I definitely wheat and beans Yeah, without question. There's some of my best products Let's see here. I heard something a wheat earlier too. I forgot to come over here Yeah, the threshold in here is 150. So this is his own. It's just sitting here right now. But so I would say grains But I watched 17 markets, right? I literally a lot of people don't have the bandwidth for that completely understandable I am able to do it. I still make a ton of mistakes by doing it But I'm doing it and I'm you know talking about all these All these products on the webinar, but you can see Russell and Aztec ES gold bonds dow wheat beans Soy male, so I don't trade these that much But we're starting to watch more because it's the same stuff why why miss opportunity That's the way I look at copper silver natural gas I trade that quite often too natural gas is a good one And crude natural gas. This is the most ever written market on the planet If you are going to trade this thing you better be ready for a Bucking bucking bronco type trade because you very rarely put on a trader these these setups work incredible Right when you get the threshold thresholds 150 in here nothing's been threshold today or you would heard it They work great, but you will be tortured So you better just be ready for that until it finally will go in the way you think it's going to go Right, so just because this is what you have to keep there's another guys um, you have to condition yourself to to If you understand these markets are just meant to elbow everyone out of their money Then you're ready for the whip size. You're not like panicking Every time the market moves against you You're forcing the market. So that's why I force So say this did this this this and I did get long off the setup and this is still in play by the way My stop goes an atr plus 15 below here and that's part in that spreadsheet So if I do go along by the way, that's this I'm going along at 1075 My my stop out Is 93 Right and it doesn't matter what you're risking in points. You adjust your size and this is what this tells you So if I were risking say atr atr goes up to 15 I'm risking 40 points on a tree that that doesn't matter. You change your size. You don't change this I don't impose my will onto the market. I don't say I don't like risking 40 points when I trade. That's ridiculous You change your size that means Yes, you are traders like well that means I need to get an 80 point move Well, trust me if you get atr that's 15 you're probably going to get a 50 60 70 80 point move Right, so this you this does not matter. This is what you change and you trade accordingly There's just such a fallacy out there and this is why most traders fail because they don't want to risk I get emails all the time Got one not too long ago I like your strategy nasdaq, but I don't like the amount that you're risking there. I like to risk 10 points to make 20 The market does not care what you want to risk the market cares about the volatility So adapt to the volatility and change your contract size If you're doing anything other than that, you are not going to make it in this business I'm telling you just please learn from me. It's why I tell my trading every day Like the stuff that I sit there and rant about so on and so forth It's from 25 years of experience of getting my head kicked in there was great great times and there's horrible times Learn from my mistakes. So you don't have to go through 25 years of getting your head kicked in That's the whole point. So a point of me doing these webinars for you on here It's the whole point of my trade room. There's no reason to go through all those years. It's called You know modeling, you know doing air quotes or copying someone learn from my mistakes and don't go through them That's what I'm trying to show you guys, right? And if you're trading with static stops, you're not going to make it You may do well for a while, but when volatility Increases you're going to get killed. So just if there's one thing Well, there's a bunch of things you've been learning from these webinars But adjust your stuff to the volatility Speaking of volatility, there is absolutely none Any other questions Bruce? Yeah, sorry, um, uh, there's um Question on uh, well, I'll just read it out here because uh, We we've got to get going here. Um, but uh, uh, if you use a four out using a four hour time frame setup Do algos look at the time frame to shake you out I don't really know how to answer that to the algos. I was like at the first fall. There's about three million algos in here there's different algos, you know for Scalping there's algos trading off of the, you know, the v-wap. There's algos trading off of Um, you know market profile come out. There's tons of algos. I mean, I I don't know how to answer that There's always algos everywhere um, I mean the what you take from that is You've got to be able to identify important areas and make the market prove Like I tell you like I said before Market sees this stuff just like we see it obviously or not the market the the the big money the algos Right because most time the algos are the big money They're the people that can afford to to program all this stuff, right? So if you understand where these areas are then you're not shaking out on nonsense because most of trade is nonsense Until they run into the big money and then then the algos that the big money is the algos worst Nor worse nightmare because this big money only comes in You know 10 20 percent of the time the other 80 percent of the trade is this stuff So what you need to understand about algos is force the algos So if you love the long here say you even want to get long in this zone, which I don't do I wait for it to move out of here. So you got long in here Well place your stop outside of algovill meaning I've known by watching thousands of these that To stay out of out like if it's able to push an atr away from this zone then something bigger is going on Um versus just whipsawing Around the volume of it. That's why I put my stops way outside So with algos, you're never going to know all the algos You're never going to know what anyone's doing unless you sit next to them as a general rule But this is why I trade the way I do, right? This is why I risk and make I don't get until it gets an atr out of there And I because I know this will happen around the volume of it I force my trades to be outside of it because I know something bigger is going on It's able to get outside those areas, right? So Condition yourself to sit through this because this is 80 percent of the time and make yours Make sure you put your stops away from these volume events if you're using this to trade And like I've said if you're not using this in some shape way or form And you are you don't have all the information. I don't care how great of a trader you are You don't have all the information. I said every time You would be a much better trader if you use this information So they've been here. Here's another thing too. How I how you can keep watch tick strike here So they've been pretty much selling this thing for the last however many hours like this has been firing off a bunch It's not really doing anything yet. It still has a gotten atr below here So if this finally subsides and this market never is able to even push an atr out of here Then I really really liked along right because they're selling it for an hour and it's not really going anywhere Right, so that's another thing you can get from this stuff and from this as well Obviously like it's they keep selling it. It's not moving out of here. You're like, okay great when they're done Now they're in trouble because they've been aggressive this entire time Just like they were over here And you're going to get the pukes to the upside And as long as this market doesn't trade Time before we get off here, let's check the atr. Does this see what I'm going to do See the invalidation price. Oh, it's because I changed that. I was like, why is it 15 5.04? This doesn't trade down to 93 75 only three points away But if this holds here watch out watch out above if it does break does trade 93 75 my longs are canceled And then I'm just waiting for a brand new setup and then I'm And I also know this happened too. I'm not trading off of this specifically to the short side because I got atr above there But I know these guys are in trouble too. Then I'm looking for short setups. That's my thesis. This thing is going to get killed Right, so that's what I'm watching So you see like I'm implementing my thesis with what I'm seeing here So this is what you want to watch for structure wise too before we get off here. This is multi-day balance That is a breakout When markets break out many times will test the top of balance then go Don't even come sometimes all the way down to the high volume. I'll then go if this market Today or tomorrow probably gonna happen today Especially with all this bias here if they're wrong if this gets through this high volume No, we talked about this earlier. That is a failed breakout watch out below. It should do that So I have all that in my head. So I'm just waiting, right? So I know thesis wise I'm not doing anything yet. Still still potentially take that long if this market busts this high volume node, which I'd say And this is just an area See right around 3990 ish if that market gets below my thesis is immediately gonna switch to short Then when I get short setups, I take them the bigger size Right because the short setups are the driver. My thesis is short Then I trade bigger to the downside. See what I'm saying I'll still take longs. So say this comes down here and I get a barf long I'll still take it because I'm a day trader and that's what that that strategy demands. I do But I won't trade it with bigger size because I would think this is gonna happen So you see how you can align everything like ties together You can align your thesis and then wait for real-time buying events Which is the driver of the market when that agrees then you go for the throw I like the sniper waiting to blow someone's head off All right Bruce no other questions. We're at the time you got your other guys starting. I think so Sorry, no trades. Like, I mean we had the I had the cruise right now. That's about it But this is still on play at the song. I will go along here until this Disqualifies and then I will look for shorts Actually, no, no, I think we're all caught up Questions and yeah, no, thanks. Thanks scott And uh, yeah, uh, everybody scott will be back next thursday every every thursday at 10 a.m So We'll we'll see we'll see you then Yep, and every day in my trade room you can hear me complain and say guys too. So oh, right. Yeah. Yeah, I've put your your links in here A few times. I'll do one more time here for your trading room and your website, etc So if you are interested in reaching out to scott, there you go And uh, yeah, let's uh We take it from there Oh, so just keep an eye on this as long as this doesn't trade 93 50. I'm still taking that long So we'll see what happens by the end of the day. You can't expect a big move out of this area That would be my call. All right. Have a great rest of the week weekend and I'll see you guys next thursday. All right. Thanks scott Thanks. Bye. Bye