 Good morning traders Hello, and welcome to another live book map webinar Today we're joined by Scott Pulsini a professional futures trader This session is held every Thursday at 10 a.m. Eastern time and it forms part of our free education here at book map Once we get going Please feel free to ask questions during the session You can use the YouTube chat or the advanced webinar discord text channel and I'll do my best to get through all the questions. So please don't be shy Before we jump into the live analysis with Scott, I just need to run through a couple of things So bear with me guys You can find out more about Scott on his website Scott Pulsini trader com and And you can also connect with him on Twitter Scott Pulsini TR1 and the disclosures here All book map limited materials Information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance Trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors An investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those who are sufficient risk capital should consider trading Past performance is not necessarily indicative of future results Good morning, Scott. Can you hear me? Hey Sam, how are you doing? Hey Scott. I'm good. Good. Thank you Good Okay, I've got you a little crazy morning so far. I haven't really done anything but I'm just kind of sitting in the weeds waiting trying to Sorry for this price action. So Yes, I'll put up Obviously it was all over the place. This is just a regular trading Rather trading hours chart and again, sorry for all the background Notifications for some reason every time I mute this thing it just never works Well, it's a challenge me Just just anyway, sorry Scott. I'm not hearing any notifications. So maybe it's just on your side. Oh, no Oh, okay. I can definitely hear Okay, uh, so anyway the chart, you know that main hourly chart is showing just the regular trading hours. This was obviously the You know the clown move after the number. It's always faded You know, you get the initial move down then it fades and then it just comes back So it's basically just bounced around here and now came down here I was pretty convinced this thing was gonna at least sell off to these areas You know, these important zones that I draw are from prior Events, right? So this is directional conviction. It actually held here led to that move down Rinded through yesterday We opened up here gapped up and right through it and it looked like we were going to go right through it But it pretty much held um, it spiked down a little bit below here You know, this one isn't that important now because we have traded through it But I was watching that for clues on you know, how these markets react to these zones It is one you can use them for support and resistance and The other thing is how the market reacts if the market comes down and just rips right through zones That's telling you something's up, right? So because usually they they should at least hold it initially And also I'm going to be putting out a subscription service for these zones I've got like 17 different products that I post every every day in my room It's going to be some, you know, a cheap pretty cheap for you guys Where you don't have to go in there It's basically like I post in my room Every day so it's like under these These charts for all these different products, right? So You know, it's It's not hard to learn to draw these but the point is like if you're watching multiple markets It does take a while to go in there and redraw them and figure out the important areas So I will have a pretty cheap subscription for this. I'm going to put out the next day or two probably like, you know 30 30 bucks a month or something 34 bucks a month So that's nothing for the work that that will save you drawing those zones. Trust me Takes me at least an hour a day All right, so anyway, you know, we're kind of holding in the zone now and when we came down here There was some major bias. We were just commenting in my room before I got on here This is like 6,000 bias it started over here. I drew this zone And I could see this boxing and coming back for now, but I'm looking for a retest to this area to go along, right because You know, so I remember my room was asking, you know, what's the thesis? What's the call here? And I said, you know into that zone that I just showed you, right? And I said, well, I would expect it to be support, but you want to see how the market reacts to these Volume events, right? So I I always have a thesis. I always have some kind of Uh opinion on what's going to happen, but I let this real-time buying tell me So this is telling me that somebody's holding this market up right now And you can see it on the shallow line. That's uh, this is the icebergs on chart. This is showing me. This is when I was Actually started over here I only draw it where the concentrated volume came in so you can see this this first spike was 1200 by ice The next that's the next one was close to 1200 the next one was 1200 So that's like 3,600 and you had another 1200 that was this blue zone Uh, and then another 600 then another thousand, right? So This is kind of, you know, this isn't Normal where you'll get all of these spikes and I was trying to decide how to draw this zone Do I make it one big zone? Because this basically is one house and somebody's Obviously taking a stand here and and help Or you know, what we do in my room as well because we're trading a couple different types of trades I always recommend drawing in the most recent volume event if it's threshold and this is definitely a thousand So I drew this zone too and the market moved away from there. So What's going to be trickier is I do want to get long this because this is shown This is, you know, they responded the right way More than an ATR above this last setup Which in this spreadsheet was just to make sure this is correct. That's still right So from that last setup Um 74 50 was a full ATR And it obviously went above that and it actually got an ATR above This whole area this other This initial zone that I drew this light blue one. So This will very likely and this is actually one of the trades we play a retest into these areas I'm just hoping we can get all the way down to this for the retest It may not get all the way down to this just because of all this other stuff that was in here So I'm gonna have to judge Um, where I go long you're on a retest failure. So This is a conservative type of trade again You can you can enter these volume events one or two ways you can wait for just to break outside of an ATR And get in Or you can wait for an ATR a retest and then a failure and then get in right? So I'm being conservative here because I mean this market is bullish Obviously the last however many days But we did kind of get through that zone And you know, it's not this is not like a layup area where I want to be very aggressive So I'll wait for a three test so you can see here I may miss this trade because I'm waiting to see if we can get down somewhere in this area to retest this last zone But this may just bounce Like it just did off of the top of that zone. So And that's not a coincidence, right? So We'll see if we can get deeper in this zone and then I'm gonna, you know, I'll probably go along if it goes You know deeper in the zone. Hopefully you can retest this dark blue zone and then retest out of there and then I'll go along um the stuff I look at Ludwig levels these are So you can see here why the CBD is kind of flat lining and moving down. Well This is showing you CBD is cumulative volume delta Just showing you the aggressors the buyers of the sellers. Well, the sellers were obviously aggressive into the 6000 buy ice Right, but this doesn't this not does not tell you the whole story Yeah, sellers were aggressive, but guess what the sellers ran in a mouth full 6 000 mouthfuls of buy ice, right? So that's why this is this is not something like a red light green light that you can just trade um Directly off of like divergence and so on and so forth. Yes, it's important to watch But you've got to know the context of why this is happening and the reason this is going down and kind of flat lining Is because they were selling it in the huge buy ice. So The important thing to know is this area is very important. So whatever way this breaks out of here You're gonna get the big move Right because this these are invested traders somebody sold it like crazy and looks like one house bought it like crazy Right. So all these sellers Ran into all this so this is This is the major zone, right? This is the large zone. It's almost 30 points wide but You can bet the move out of here is probably gonna be multiples of that 30 points because whoever's wrong here is not going to be happy and they're gonna have to Get out of their position You can see your market profile wise, you know, I'm always trying to come up with the thesis for the day This was an important market profile from early december this day Opened up in here failed outside. We came in the other day failed again Yesterday finally accepted in came up stopped at the point of control Today tried to get out into the number. No tried to get down now. We're just kind of still in here. So The move out of here is going to be the move very very likely because we know there's fuel in here now But I just showed you right So if it breaks out, I would expect at least to run up into these areas At least the top of this and if this comes back and fails again, then I'm expecting Down to here. I'm gonna make this this is I can actually make a profile So these these blue boxes are composites. They're the value areas. So these are single days So when days merge and this is a multi-day obviously since 1215 very important area I will merge them and then draw what's called the composite value area So you can the rule of thumb is you want to see days overlap to merge them So these two would not be merged, right? But This value area the third day overlap that one By obviously more than 50 so you can merge all three and draw a new composite. So I'll do that just to Have a new reference Area merge that and you can see once you merge them, you'll know right away if they're legit Right where this tested yesterday and came real close today So this is going to be very time to if this market comes back breaks out of this current one I think it's inside this one then it's going to be a freefall, but As of right now it's looking long And this is this was what this is exactly what I thought I was gonna So I was trying to make a decision here that I want to play a retest to the top of the zone Which was the start of all that by ice or was I going to wait for more inside? Hopefully get down here. I didn't get it here. It retested this zone to the tick and then off to the races. So That trade is looks like it's obviously missed. It's already 20 points higher But you know the ATR this is a perfect day example I tell you guys every single webinar you guys on here that are risk I like to risk three points when I put on my es trades to make six A day like today. Good luck risking three points. You're going to get stopped out Pretty much every time on nothing. You can get lucky and you can catch a runner, but This ATR is 12 points 12 and a half points. You're gonna risk a standard three points today Like I said, good luck. You're just asking to get whipset, right? So yeah, this moved 20 points out of the off of the top of that zone, which is a lot So that was the ATR Definitely I definitely got an ATR out of that zone and I didn't got an ATR out of that zone as well on the injury test and here's your failure But again, I was looking for a deeper test in here because of the most recent setup and I just missed the trade That is what it is My point was you have to move 20 points for 20 points is nothing today the ATR is 12 It means every five minutes this average rotation is 12 and a half points That's why you have to adapt to Current volatility and that's what we do in my trade room with this spreadsheet That's proprietary. Don't please don't email me asking forward if you join the trade room You get it But you put in your ATR you put in your zone prices and it tells you this is the one strategy we're doing in the room and then this is the positions trading strategy All your prices are right here You put in your account size put in what you want to risk You shouldn't be risking more than one and a half to two percent and tell you how many contracts You should trade where your entry is where your exit is again. This is adjusting the volatility So if the ATR goes up to 20 I don't care if I'm risking 50 points. I just adjust my size. I don't adjust I don't just trade point value. I'm adjusting my size to the the volatility Very important Most traders don't grasp that or want to grasp it And it's going to bite you eventually if you don't so All right, so none of this this was a swipe sweep There's gets now when I call them swipes. That was a sweep obviously 2300 I'm we're not trading off of these currently, but this is important information as well I'm just waiting for a new setup. No, I miss I'll just go to non q. We've had a couple things happening there This is interesting that this did not get down on this liquidity get a little front run away from it They can't be really happy about that See what's going on up here I'm just gonna I'm gonna erase these part of these were like pre-market zones. It's just moved into most recent stuff So I don't confuse myself, which I do all the time All right, so you can see sell ice here these swipes Someone was swiping this thing someone swiped a thousand another 300 They were swiping right into buy or sell ice. So this is getting interesting as well So, you know to to draw these zones. I know I said the same stuff every webinar, but there's always new traders on Take the spike That's pretty big zone. Let's start way back here all the way up to here. That's a Actually, it's not that bad the ATR the ATR is like 51 points right now So here's another example if you're you trade nasaq and you risk 10 points on a trade your standard 10 points Again, good luck today the atr right now is 50 So what I do is I take my bubbles off and then I bring in this If you right click over here, whoops, so if you right click here, you want to bring in this So if you right click here Configure as a book components. Make sure your last price line is checked. That's going to show you the last trader price It's much easier and more accurate drawing these zones So that actually started down here And sell ice came all the way up to here. You can see the spike Here's your cross here. Oh, yeah, there's C word and didn't see how many prices fell within that zone And this is the one I may need to adjust a little bit. I'll zoom in here in a second I just want to see how this market's responding And actually I just did all that there's already there was already another volume event Which I just heard and for some reason it didn't register. So we'll leave that there for now that sell ice But now you have buy stops here too 263 Now we're going to draw those So I don't want to confuse people but you know the stops you can see start here with this red line And there's where the spike started but with stops we've talked about this on prior webinars Whoever sweeps this order book It actually started here, but the started moving here moving up here The they get first right to the orders. So whatever offers are in here They get first right and then when they're done. So say stops. We're sitting here at 92 quarter Well, these stop brands don't fire off and call this person that's done with their sweeps Sweep in the order book, right? So I like drawing my zones To where that the sweeps that triggered the stops, right? You could draw them right to the stops But my point is the stops could have been right here Right. So, you know, anybody who trades knows many times when you put a stop order in you get a worse fill It's called slippage and you're like, well, what the hell is that? Well, the reason that happens is because this trader wherever this was who swiped this they get first right And then the stops fire off. So the stops actually could have been right here. So that's why I draw it starting there I know it's probably confusing if you're new to this but It will slow down for you To make my stops white or yellow just so I know what type of I mean, my cell ice is black My eyes is blue I just want to know what type of event it was when it lands at the chart So you could tell that's not correct. I start I stopped it there But this spiked all the way up to here and that was still part of this Spike down on the subchart. So now I gotta Building these zones They are supposedly working on a Answer for that where he just my what I've been asking him for a year Is just where if you can click on this and it just draws this out I guess it's harder than it looks but supposedly they're and that's a development. So that would be awesome. It would really save me Thousands of hours All right, so that's your most current So you had this cell ice here and I had buy stops here So quickly, I just want to see where we're at on this So this is Nasdaq again, this open market opened up here pretty much right at this prior zone Sold off looked like it was going to rip right through this this zone buying tail directional conviction This is all very important information. Now. It's about to get out of this zone. This gets out of this zone Should be coming up here. All right, so Very important to come up with the thesis based on these zones based on market profile Which we'll look at right now We're actually at red lug right now. I for me to go along this setup. I need to see new lugs I'm not gonna you guys know these are called Ludwig levels. They're Very very powerful the second most powerful thing I've ever seen in my 20 plus years of futures trading Next to book map book bams number one, obviously, but these things are ridiculous. Just go to Ludwig levels.com I say this every week, but again traders on here. She's got a three day trial You can sign up for the trial. So you saw this stuff on the book map webinar and you get special praising So anyway, what was the thesis here? So this so I did the same thing here as I did in the ass. I just did this a little bit ago So you can see here these were Not overlapping. So this is a single day. This is a single day. This is a single day Well, this single day 50% of this day fell within that day so that I merge all three These are really really important It's important resistance areas and to come up with some kind of thesis right and what's really happening these markets So we saw the zones how they've just ripped from the zones Let's try to accept in here. That's telling you something right now. We're getting setups It's go time on the long side as long as we can break that to get some new lugs built here I'll keep refreshing this because I actually forgot to restart it overnight here. It's already gathered and restarted for some reason So that looks okay. The other thing we're using in my room a lot more frequently is the footprint So this is just like cumulative volume, right? Like this is not red light green light It can be sometimes you've got to use this in the right areas. You've got so many traders that are like Oh, look at this huge. First of all, it's subjective, right? Because it depends on what kind of range you're using for your For your to look at this, right? So if I have a five minute Range it's going to look look a lot different than a tentative range, right? So That you just have to be careful using this but in the right areas like volume setups and zones and market profile areas Then, you know, you can use this more often, but you'll get I mean, you know More liberally, I should say But you'll get guys like Oh, look at this bar right here. Well, there's a thousand buyers there Actually, that was the high delta. This is the actual what it ended up They're like, okay, I'm gonna buy right there and I'm just gonna pull my stop below there Yeah, you lose right? So the point is yes, keep an eye on this I'm gonna show you one really important instance yesterday that I showed my room I was going to take a trade and now one of the reversion trade we're taking Just show real quick just to give you an example of when you want to pay attention to this, right? So He does this because it's pretty Zeddy Murphy because I was talking about the desert island. I'm gonna buy deserted island Ellen Iverson talking about practice. So we actually have some fun in the room too I didn't even see this one Anyway, where is this chart? Sorry guys This was actually this set I'm gonna show you guys this a little later too We have distinct playbooks. I'm actually making a playbook a week for the room Why can I find this tree? Oh, here we go Mike this was at 11 o'clock yesterday central. So this is this is what I wrote So this is where we start using the footprint to squalify some ATR reversion trades You can use it for position trades as well On the up bar it was out of nowhere After there's sell ice there's a sell I set up and then we're that's what I was trading reversion to but anyway Volumes by the 60,000 contracts and that's 5,500 buyers Is this you buy more passive sellers got run over and most likely we'll be puking soon Puking soon this didn't show up on the relative buy-in chart is two times normal But for print tells you to stay away as far as shorting or the reversion trade I look at look at this I mean, this is where you want to be paying attention to the footprint chart, right? You got 1,200 8,000 4,000 6,000 60,000 contracts you think that might be some traders Getting run over now remember Yeah, this is important. There were net buyers. It was 5,500 net buyers But somebody was selling this thing, right and they weren't selling it aggressively They were selling it passively meaning they had ordered reversing orders in the order book Well, they got them all taken from them. Guess what? You don't want to be short when 60,000 contracts were just taken from from sellers, right? Meaning it doesn't mean it's just a green light go signal, but with the other stuff we're using You want to watch this but as soon as this clears, you can see this try to get back down and not even close This never even sniffed this and went up like 50 points after that, right? So the point is this is where you want to be paying attention to the footprint Anyway, we're using a lot more often you can see right now Nothing's going on. This is just Algoville back and forth back and forth back and forth light volume You want to keep we'll keep an eye on this when we see like 20,000 contracts hit then it's going to be go time So this is probably going to chop around You know, everyone's long like thinking this is going to rip Then this is where the Algos take over just like this and then they start playing games with your money This is why you can use the footprint. That's a little you know That's a little concentrated and as far as putting your risk below those bars, but the volume events Actually, I want to trade now. We today think it's going to rip I mean, uh, soybeans will go over that what I saw yesterday too But anyway, this is why I put my stops in atr to the volume event because when stuff start nothing's going on These Algos start whipsawing you out of your cash, right? So for this for me to be I'm not long yet But if I were long my stop would be below It actually would be an atr below this latest volume event But that would be outside this zone because I'm forcing the market to actually push through important volume areas to stop me out Instead of light volume whipsaw take your money Algos are 85 percent or more of the market and they are here to take your money If you think it's otherwise you are in the wrong business And then there you go. This is just nothing's happening right now So what I would love is one more I would love for these Algos to push this down into this area one more time because nothing's fired off here I don't think I know so nothing thresholds and fired off that would be Beautiful if this came down here one more time and this is the last volume event this dark blue zone That would be awesome But until then I just sit here patiently either that happens or a new volume event happens and then I'll go long potential And here we go with take your money if you're long All right, so this is a new volume event. I'm going to draw this These lines are starting to get I'm going to just get rid of this So I just right now because this is happening right in the middle of that So what do you think that is what do you think this was right here? You're probably you guys are probably part of this right? These are all the lungs that jumped in right there and it didn't go and then they just puked them out Right, so this is what I'm talking about. This is what these Algos do to you in random areas So if you can let's actually look at in queue, that's why we use these volume events to Find out where that really important areas are Right, there you go. This wasn't even that heavy a volume. I mean it's 3000 contracts It is heavy compared to what was prior, but all that was is The whipsaw they push it down low enough they get the pukes then it goes right Maybe we're going to judge that by how it reacts to this volume event And also, what do you guys see down here? So I don't think it's going to go yet. I think No I don't know but I know this algo Stuff in the push is somebody's trying to get filled down here aka liquidity Remember talk about it every webinar. It's uncanny how these are magnets It's not like I said, if you're new to this and you bring up book map, you're like, oh, look at all these buyers down here I want to go long Not yet You gotta wait for these guys to get filled because it will come down and fill these orders And that's saying right this second, but over the next reply while we're on this webinar These will get filled and then it's probably go time to the to the upside And it there's an actual way Both these liquidity levels get filled and it doesn't violate this volume event to the downside And we can still go long based on this volume event that is fired off But I can promise you these guys will get their fills and it's probably going to happen here in the next couple minutes And like I tell everyone every day Are 100 manipulated they're manipulated by the people that can push them around How do I know that because I used to manipulate the markets when I could trade 3 000 that in the s&p contracts So that's why my volume setups in my course. It's all based on my actual experience as a I don't want to say market manipulator, but when you can trade size you manipulate the market You push the market around where you want it to go. It's not illegal I mean as far as that's what's illegal is putting in orders and pulling them They call it spoofing that was never illegal when I was trading either But it is now but just pushing the market around that's I mean, that's not that's manipulating, but it's not illegal If you got size you can do whatever you want Right, but knowing what they're trying to do and where they're at This is the key. I say every every webinar if you can't beat them. Hey, look at that that first one got filled And here we go. Here's the second one It's the same patterns every single day, right? Um, I just wasn't in the move around and I forgot I was gonna say but because I was just so shocked that this This is quit and he got filled All right, so my point was on this newest setup. Let me change this color too I can still go along this setup because When I can't go along this I think it's an atr below this area the bottom of the zone Not even close atr is 50 This has got to get 50 points outside of this zone. So down to 14 000 for me to even disqualify this setup So hey, what do you know they got their fill and we're probably gonna go out now Screwed all the longs the weak-handed longs Get rid of all this stuff, sorry I delete the Related the stop zone That's right. Let's just get out of there. It's fine All right, so now what I'm watching here now. I gotta make a decision. Do I want to go long aggressively off of this zone? So this is another thing we're working on in the footprint where like especially daylight today because I usually demand Outside of an atr out of the volume event To go long, right? But if the footprint if you see Certain things in the footprint and actually I'll go back. I think it was it was two days ago I'll see if I can find that if it slows down here Um An instance where it was a stop run. It was just like this but it was to the downside So there was buy stops And we saw it moved above the buy stop zone. It was net selling so the buy stops weren't Real buying because it's usually guys just puking and then there was net selling just above And and I actually took the trade. It was just a it was just a one lot But it worked it worked for like 80 90 points because I was just trying something. No, I said don't try this because we're going to start incorporating the footprint a lot more Point is I saw what I needed to see just pretend This was buy stops that wasn't real buying then I saw that selling in the footprint I said, okay as soon as this breaks this zone I'm going short and I'm going to just risk about meaning this is a good place where I may be able to go along If I see what I want to see here, so let's see Sorry, that was kind of a long-winded explanation So they are here is your So this is a what is this 40 tick So this is a 10 point, which is nothing that they obviously 10 point range So this didn't really tell me much on this move down. This was the stop run 745 I should take that back This was a stop run here. So the sellers still are engaging. So this is not what I was talking about, right? So where I would it could have potentially so here's that volume set up, right? I could have gone along there right outside the zone That's a new thing that we're working on in my room and my own trading If if so, this is the stop run We just talked about This is the move that just went lower the seller is still engaging If this would have went down here and back up and this was positive Then I would have considered getting along right outside that zone I don't want to confuse you guys because I have a standard way I trade these zones But when ATR is 50 Like it hurts. It just hurts to be waiting for a full ATR to put on the trade Then I got a risk basically 100 points to make that trade. This is a way to kind of really reduce your risk. So It's still in the works as far as how I'm going to implement it in the trading But just know there's stuff on the rise and to help, you know Control risk a little better. But guys, even if I'm risking 100 points ATR So here, let's let's just put this in an outside, right? ATR is just demanding that and that means this market's probably going to move 100 200 300 points today from where we're at right now Volume you know from the volume of us so 11 4 6 5 7 5 In here top of the zone Tiny So here this is my this is my point now if I'm going to take a position right now either way I have to risk 120 points based on my strategy of putting my entering Once the market gets an ATR out of the zone and stop on the other side It doesn't matter. This is what the ball to least don't have to do. I just have to come my size down Right so I can trade I can round up. I can trade a one guy or I could trade eight eight and a half round up nine micros There's nothing wrong with trading micros. You want to be trading micros if you're just trading If your account is just allowing you to trade one of one e-mini mini NASDAQ And trade micros so you can you don't so it's not all or nothing, right? So say I go along here and this starts moving in my favor Well, I don't want to have to get out of the whole thing in certain areas because it may run 400 points So trade might there's nothing wrong with trading micros It's actually better if you have a smaller account and then you can get out of two at a certain area or Three or four, you know, I'm saying you're not all in or all out. All right, so I mean for this instance, I'm gonna I didn't see what I want to see as far as being aggressive again This is a variation. You guys probably have no idea what I'm talking about because I've never done this on these webinars As far as getting in right outside of the zone and the way I'm going to do that say this comes down again And then I see the net buyers then I'll that I'll do that other than that I'm going to trade this standard like I trained all every webinar you've seen Same way. I always trade these right so I just have to make a decision whether I'm going to get in Just outside of an ATR, which is basically 50 points away from here Or I'm going to wait for ATR retest failure. You can get it So that's there's two different entries. The one's aggressive. The one's conservative What's how do I decide? Well, I decide based on where we're on in the chart and what I think is happening Right. If so, if that was like this is enough breaking out of important zone, which it is I think It's yeah, I mean So we're right here, right This would be out of this zone. I could go aggressive. There's nothing here This is coming straight up to here or I can demand a retest failure of that zone. So We'll make that determination as it moves higher here hoping It was back one more time. So then my point was if this comes back one more time here It should probably well And say it makes a lower low from this last move and then I see positive delta And then it goes back outside that stop zone and then I'll take it right outside this zone where I'm not risking 50 points Again a huge variation from what I've been doing, but there's a way to in certain Certain situations to be risking less but I'm still rolling the dice though because this ATR is so extreme right now, but we'll see Any questions on that? I know I covered a lot there sam Yeah, um, your crystal balls working today with those liquidity areas, you know acting as magnets What would you kind of was really surprising, wasn't it? It's a real shocker. I mean you can't even touch both and then take off Given that it happens like on a high percentage at the time I mean would you consider kind of backtesting and implementing a strategy to To short into them or is it kind of too unpredictable in terms of timing? Well, no that you know, that's exactly what Bruce was talking about with the the heat map Are the trader map? This is a new add-on that they have um We did a webinar with him from my room the other couple weeks ago, but you can see here like This is what he would talk about. He like during the webinar. He's like, okay Uh, the example that day was a yes and there was like it looked like that and it looked like that And we're like right here. We're right now and I said And he's like and I look at the liquidity to kind of judge which way we're going and I've always done that But this is just a more concentrated view of that liquidity in here. There's again by the way just popped in here But I'm like, well, how do you determine he personally would look at When you saw the aggressor come in Anyway, get long and then play it into there. You know, I'm a little more Exact with what I'm looking for but the point is yeah, you Absolutely, you can play but you just don't look at liquidity and just throw in an order, right? You'll get killed Most times you wait for something either, you know a volume event, obviously Or I mean there was a volume event up here. Remember the stop run that I deleted So the minute if you see that liquidity down there, you could be waiting waiting waiting waiting You see the volume event. You're like, okay. I'm short as soon as it breaks out of there And I'm playing down for the liquidity. Absolutely. You can have strategies like that, right? And you would be absolutely You guys see it every webinar. I mean, I literally make golf bets Around the golf wherever comes to arizona. I make it basically every webinar. I show you liquidity Like here here's one right here. This is gold Right, so look below Got a little little band there, but this is and they didn't get filled the first time up So I will Bet you let's see I'll make this better gold and I don't really like gold, but it's all the same stuff guys It's just guys playing games. I know that doesn't look like a lot, but relatively it's a lot And this market will make it up to this. I'm not saying it's gonna make it up right now It might not even be today. We've seen there's been plenty of instances where there's been bad I think it was last webinar. There were bands of liquidity and crude And I actually I think this is where I made the bet. I think it was last week I made the bet that we had that liquidity. Well, it didn't happen that day But the next morning or that I think it was that night or that next morning it got to it, right? So Point is I'll bet you it gets up to here before I'll even say before it makes a lower low here Any moment you want to bet around a golf put it in the room and I will collect and if you don't pay I will find you So I'm betting But this makes it up I mean, there's no volume of it the best way to do this is wait for a volume of it And then I really want to make a bet, but I'm just saying just by eyeballing this Actually, I should probably go below this, but I'll even say before this touches 1882 It gets up to this 1912 which is two to one I'm not saying put on a trade here. I'm just saying This is really important and you can base trade strategies off of the liquidity Because again, it's the big traders and the guys that run the show All right, so this is gonna be interesting All right, so that's the new so once again now these buyers jumped in no dice puking out But new volume event. It's actually in the same exact zone. It's a little more narrow So I'm gonna do the same thing here if this moves lower and I don't see selling then I'm gonna give this She had a try you can get in like right outside the zone. It's way more risky But when the ATR is off the charts, it's not a bad Risk reward because if I'm right the thing is going to move three four out of points and I'm not going to be risking a lot And so that's your zone. I believe no, so you see here. I drew that zone for this spike But this popped up and it was still registering stops I don't know how but it does. I don't know why this isn't just obviously buying isn't sell stops, but This is these are accurate and I don't question it So I but I have to move this up See how this price line popped up to here during this spike. So I gotta know and just that Watch the footprint here. This is what I want to see To potentially take this very this is very very aggressive I did not Done many trades like this with the footprint But I'm just finding a way to make it a little more Because some people just can't wrap their mind around ATR and having to risk as many points So I'm not that's not the main reason. I'm doing it, but you know I'm just trying to come up with better ways to not be risking as much. So let's just look at And it's not just just not because I don't want to risk more but if I see stop runs Right like this This was the stop run. How was this bar remember? This is a 10 tick or a 10 point range bar 1700 that's the puke. So what I'm saying is this goes a little lower here And I see and it goes like this and I seen that buying well then the minute it bump it's out of that zone I'm gonna take a long like I said I probably wouldn't try this at home because I have not done it very often I usually doesn't mean I'll still trade this zone, but I wouldn't trade it aggressively is what I'm saying And this is ultra aggressive. So let's see what happens here Oh, no wonder we're selling off That is the ultimate indicator my friends When this man starts to open his mouth you can go ahead and start selling Every single time he opens his mouth the market sells off I'm not exaggerating. Someone in my room just posted it actually Thank you, Joe. So let's see what's happening in the uh Markets don't like him to see this other just still engaging. So that's no go on that So what's happening now? If this can get a full ATR below here Retest failure. I will go short I wasn't gonna go short aggressively For this what we were just talking about. I mean the sellers did come back in but I'm gonna wait for retest failure Now this is getting interesting All right One let's go back to the mark that I said I really wanted to potentially go along Should be retesting this area getting close So there's nothing has happened in here since all of that buy ice, right? So I'm gonna watch this now I'm hoping we can at least get back to this and then I'll make a judgment Back to this zone. That was this last 1200 ice and see how it reacts I'm telling you right now if this market comes back through this like hot knife through butter Look out below Is my call. So this is interesting, right? Look where this look. This is why I draw these zones guys This is why I'm telling you that you wanted to understand how to draw these or get them for me But they are very very very important Opened up tried to clear it. No go Hell this one little tail came up tried to clear it. No go now I mean, this is not really chart. So this could change this could fill again But right now this is looking like it's to rejection I always hope for it. But anyway, this is interesting I was so now it reacts now to this zone is really gonna give us a clue on what's gonna go on now If this holds again and gets back out of here, then this will be going up here today It was my call this fails gets below this tail Look out below and this isn't even that important of a zone. I'm looking for down here So guys, this is why you use real-time volume. I could come up with four different scenarios here based on these zones I don't know. I don't know what's gonna happen. How do I know what's gonna happen? When I see a real-time volume event and the market reacts to it That's why I know what's gonna happen or I have a I don't know what's gonna happen. I have a high percentage of something happening All right, so let's hurry up and put this in I that was the atr. I'm almost positive there So the bottom of the song is 5950 8.93 Upper that song was 65 75 All right, so an atr out of there would have been 08 and a half did this get down to 08 and a half is the first thing we want to check I'm gonna bet you it's probably right on the number Yeah, look at that Real close because this is what another thing we're trading in my room this this game every Feels like every time. So anyway, that was one atr. So what does that mean for me? That means this is a bearish setup That was able to push a full atr And that a little more outside of that zone that is a bearish setup now if we go retest Hell here, I will go short It shows me my price right on there. This is my conventional way of entering these trades, by the way I insured it 1403 I have to risk 118 points You may be saying what that is just silly blah blah blah. It's not silly. I'm adapting to the volatility like I said Because if this trade works like I think it will if this if this goes retest failure This market is going to be moving two three four hundred points would be my Based on the volatility and where would that need us to? Right down into this area Zone zone I would watch This for a small boss, but this isn't that important because I was a little bit of a gap up I was really nothing. I actually probably shouldn't have that there for confused me I mean we opened this actually shouldn't be here I just I missed you that I was thinking this gap from right here up to here It's not a terrible area because that's where we closed yesterday and there was a selling tarry I'll leave it in but I think we'll melt right through there I don't give us more information to if this just rips right down through that zone This is where we're coming down here This first zone was directional conviction buying tail gap up like this is what what why these are all dropped Right gap up directional conviction I'm tail off to the races This comes down and you're short. I wouldn't be getting out of some there if the market struggles there if it rips right through there That's giving you information to That's all I use these zones All right, so now we're waiting for a retest Failure and I will go short there Is a potential that I go long yes as well Because I want to see how this market reacts on this retest of this these volume events if this First of all, like you said this melts right through here Watch out if this bounces gets an ATR. I'll take along in here. I'm letting the volume events You see how I don't like pigeonhole myself into thinking like nascent looks like it might go to zero, right? Well, yes, if this holds this volume event, I'm going to go long. I'm letting the volume tell me I have ideas I have opinions This is the ultimate This is not an opinion But every webinar this is the science Right, this is telling you somebody bought six seven thousand contracts down here Right, so I will play that accordingly if that happens That this is the driver Real-time volume. I don't know if I ever mentioned that Any questions, Sam? Yeah, we've got a couple of questions here um A couple of quick ones. How do you how do you see the current ATR? For an ATR so mine this is just thinkorswim You can literally put in I don't know the amount maybe a couple hundred bucks So you can actually pull it back out and still have access to all these charts, right? So You can see I don't even have much in here I got like six hundred bucks in here or something. Yeah, six hundred and sixty nine dollars But I like it for the charting even though the charts are kind of the pain in the ass sometimes Anyway, it's just a five minute ATR. It's a Wilder's 14 period. Basically, I'm pretty sure any charting software has a snitch a trader um Trading view it's a this is just standard. This is default, right? All this is 14 period Standard, so it's just basically based on the ATR and less 14 five minute bars and that's a Wilder's You can google all this and go down that rabbit hole if you need to or you can just bring up the chart and And use that. That's what I do. I don't mess around with the most things I just let him be and I built my trading around those around stuff like that Okay So that's that what else? How do you handle risk on an apex account? Apex you're gonna well, you know so apex Highly highly highly recommend you guys use this if you're just out if you're struggling So inside that's this right here Right and you can pick which one I do I've done a I have six going right now because I'm trading different strategies We're different showing and I'm gonna show you guys a playbook here in a little bit Like different playbooks that are designated to the Rome apex account This is an incredible way and I did this the reason I even did this to begin with I started at like last March at this show because I I heard from a Very reliable trader source. Here's the retest by the way. That's the shocker. I've never seen this pattern either That's that's a retest if it gets within 10 percent of an ATR of the zone Which we did that within two points of the zone. Let me set this up first and I'll go back to that So this is an official So far I'm not in yet. That's your ATR. Here's your retest. Hopefully my room caught that And now I will go My prices well, I got to make sure my I am this ATR because it does change. It's 50.2 My chart Or I can put on a long guy or I'm gonna pigeon myself pigeon all myself and only putting on one Um, because I'm not trading micros on this account, but you know, if you're trading micros I would be trading it you can round up to nine trade nine micros So let's put that in So what's four quarter four quarters an ATR plus 10 percent I force these markets to get outside of the ATR range to take the trade And that's where I'll short it If I get filled, where's my stop gonna go? It's gonna go an ATR plus 10 percent above the volume event Which is again 116 points away. I understand that I understand this with the volatility is telling me I have to risk on this trade I'm like I said, if this thing gets motoring down, this is going to be moving Two, three, four hundred points is my guess based on the volatility And I think we can definitely get down at least down to the blue lug And you see the ground lug is holding right here. That's another As far as context or thesis you could say held the red lug. Hey a bearish setup Through those zones selling tail like I just showed you headed out of the blue lug So if I get filled that's basically unless I see so much, you know, when when I'm trading I always leave at least one contract on until there's an opposing volume setup and or the major lug So I have one contract on so this puppy is going to stay on whether until we see an opposing setup that turns bullish Like one of these that turns bullish Or the blue lug. That's what I'm going to be shooting for on this short So that's that Still no retest of this iceberg area We're waiting for that for yes Actually, I missed soybeans. We'll go over there because I'm gonna tell you what I think that's gonna rip too if it didn't it didn't already Actually, it's lower which makes me happy So back back to this So I did an account with with actually the reversion trade we're doing Started at um, actually I did a few We were doing a different strategy back then but then I did it for the one strategy we're working on and qualified Actually, I qualified three different times and all three times. I This is where you really have to control your risk. And I'm sure this is where this question is coming from Is because you know, they say like you go down here So they say $150,000 full account. No, it's a $5,000 account, right so meaning risk wise You can only lose so say I sign up today Well, yeah, my account you guys can see here. I'll show you on this. I've got six accounts going over here Bring this up real quick All that these are all different trade strategies I'm using to test out playbooks to stuff like that so So you see how it says 150,000? it's really What you can risk and what what's so hard about these is as this goes up so you can see here where it says hi Balance so you can see here this account the first one This one touched 5600 bucks, right? So now if I pull back 5,000 from that mark I blow out the account That's where it gets difficult where you really have to control your risk. It's not so when you open it up Start at 150. Well, you can lose down to 145 before you step up well now Since that was my high balance This could pull back to 150 400 So I would still Technically be profitable on the account and I blow out of the account, right? So that's where you have to be And I know that's where this question is coming from so Anyway, this is what you can risk but I did it to prove That these guys do what they say they're going to do So when I the first day I qualified for this thing, I got my account like within hours Right and I started trading live and they're not even live right away They keep you on sim and you can read all about this you still get paid still a live account for payment purposes And that's all you should care about. I don't care if they're trading if my accounts live or not If they're going to pay me that's all I care about, right? So you qualify I go live And then you get the same parameters you can't lose five thousand dollars But what's great about when you're live Then the trailing threshold kind of stops right as far as once you get up to one I think it's you guys they have all these videos on there. I don't want to spend a lot of time on this but it's 150 thousand and fifty dollars. So that means if I go up 10 grand So I go to 160 thousand while on the sim on the trial account if I lose five thousand from there I'm out On the live account. You got to go all the way back to there So that starts to give you room as you grow the account So anyway, I did it three different times I qualify live and blew them out three different times because you can't you know lose that much back At least initially And then then I finally qualified and then I got paid just to show the room that they pay Right because a lot of people might remember use them and you should be using them There's no reason You know, especially and they have like you get paid a hundred percent of your profits up to 25 grand Because when I was in the trading firm, they were taking 50 percent of my profit 50 percent Right and I always get that too. Well, if you made, you know, 15 million dollars over three years Where is all that money? Well, let's see cut it in half For the firm cut it in half almost in half again for taxes. Guess what it doesn't last very long. So my point is This is a great Just across the board because another thing is guys can't trade sim the same way a lot of guys mentally are like They just don't care. They're like I don't care. It's it's a fake account Well, this you actually have to put something in and if you use the code So if you go here, it's not it's right there The code use that code, right and it gives you half off of the count. Well, It's not a ton of money, especially for trading But you're not going to want to just throw caution in the wind and don't care if you blow out the account because you've got to Re-up or there's a reason that feeds the gating bucks. Whatever. It's still real money is my point So one that's going to help you trade where you're not just sitting I don't get because it's a it's a sim account because you're actually losing money if you blow out the account Then if you get funded you're trading their money like why don't guys It is such a mental shift. I was just talking about this yesterday in my room Somebody said they have ultimately you want to trade your money. I completely disagree Ultimately, you want to be trading someone else's money because it allows you to be so much more mentally free Or you're not afraid you're going to lose your rent that month or you know, your kids tuition payment or whatever When you when you have that backing you can just trade and you're like even if you get blown out It's not your money. Uh, let's start it up again, right? So highly recommended. There are a bunch out there This is the best one I I've come across. I've tried the other ones even when I was getting back into the game I was actually doing it for myself. Some of them are just silly ridiculous As far as oh, you pass the combine now. You got to pass a live event Combine times three time. It's just this is the best one. I've seen put it that way. So That's the answer to that. I just got filled on this short Hopefully it's not my ammo getting filled to the exact tick because I always love those. Oh, by the way, let's get some The extract going to maybe we can get going in our favor. This is another thing you guys want to be watching I should have this up the whole time, but Very important it gets on your nerves, especially when this thing's going against you because you get to So this is actually perfect Lies is perfect Anyone tell me why I like to see another volume event right now We know if anyone answers they'll get an a plus for that. I'm gonna send you an a plus sticker Let me know if anyone answers while I draw this zone No one from my room counts, by the way, you're out here Answer Yep So I guess my teaching actually I haven't done it on this webinar, but that's all I ever talk about So when there's a new volume event, what can I do? Well, I draw my stop to the new volume event, right? And I could potentially add to this trade So that is the volume event. You see there stop run I started a little earlier because that swipe started the stop run There's your spike 273 stops By the way, we're getting close to that zone So I'm going to watch that potentially go along there But this is the volume events are telling me to be short. So anyway quickly this thing is ripping around 11404 is the top of that zone Any other questions on that? I'll answer them in a little bit, but it's pretty straightforward They've got about 85 videos that you can watch as well I highly recommend it. So you don't be risking you're not risking your own money And they pay, they got paid Not a ton, it was like 2,700 bucks, but they paid there was no nonsense Then they cost alive 11396 And your APR is 49.37 All right, so now what I can do We're going down here. I were to take a new short. I can short at this price stop out at this price Well, what does this price important now because now I can travel my stop to this price versus my original price So that's 14 1145875 so watch the difference here So instead of having this did I even put the stop in? I didn't put the stop in let's show that to see what it was originally It was it was definitely 50 plus points above this zone It's my original stop was my original stop was at 11459 25 now It's at Okay, that's I mean, it's not that important, but it was it was 50. So I'm playing the zone, right? What do I demand an ATR plus 10% of that zone? So I was risking so I'm able to move my my stop would have been up here I just now I get to move All the way down here Because of the new volume of it not because I'm this is more traders make mistakes all the time I'm not going to go on this round. I promise Where I got to this market's in my favor. I'm gonna move my stop. I'm gonna move it to break even Okay, this is basically a break-even trade now, but I'm not doing it to break even I'm doing it based on something to happen in the market not because I don't want to give back my kid's tuition this month, right That's where traders make guys. This is what these algos play for they know The retail trader is trailing their stops. So when nothing's going on and then they start playing games with your money Keep your stops outside of important volume Not that this won't snap up here and stop me out But I'm forcing this market to get outside of an ATR to stop me out And then this is what I'm going to do too So this stop this is where you can make a little variation if there's a prior event The stop should be a 58 quarter Right So it should be right here. Well, I'm going to move it up just outside of this zone I make it go through the volume event to stop me out See how you can change that a little bit So I'm going to cost myself an extra 10 points if I get stopped out, but that's mine Because I don't want to stop out in algoville where they play their games I'm going to force them to get through this mine event that they couldn't get through the first time See that? So now I'm not risking much for a 400 point move lower that I think may be coming And if this does so what happens if this does stop me out? Well If this comes up even if 58 quarter is the ATR That's a now a bullish volume event and now I'll actually look It'll go long If it does retest failure So I would get out of that and I'd be I'd actually be getting long. I would get out of it then I'd get long probably Now I do the same thing. I'll get long outside of that zone. I'll cost myself 10 points So I'll stop out then I'll go long if that happens Other than that I could go short this volume set up as well and then have multiple positions on so you can see on a trend type day By playing the volume events the correct way. You can have two three four five positions By NQ 151 contrast so here's a new event So I'm not going to move my stop based on this new event I'm just going to let this go because there'd be a way there's a chance that you just keep moving away from the new events, right? So if this holds that's fine, then that's going to be bullish and then I'll then I'm going to play the long side You see how I'm letting the real-time volume tell me what to do Because if I'm just staring at this I'm like, what is this going up? Is this going down just like all these traders that are puking both ways buy stop sell stops buy stop sell stops Those are traders that are rolling the dice. Which way this is going to break Do you want to roll the dice or do you want to let the real-time buy them? And how the market reacts to it tell you which way the market's going to go. That's the key. That's the edge That's a lot of talking any questions on any of that. Let's draw this new zone Yeah, that's a really good really good explanation there. Um, we've got a couple of questions By the way, uh, thank you guys for your questions. We'll try to get through them We've got a bit of a backlog here Um, a couple of questions on your actual setup itself Uh, you've I think you kind of answered it just then but um Uh, sherry was asking at what point do you know the retest failed? What point if it gets an atr below that that's out. So All right This one for example If it went like to say this just didn't happen or playing off of this one If it goes read this is why I wait for retest failure Because so many times You will see This is where guys try to get cute and play in these zones and they're just like, uh, I'm gonna go ahead and risk I'm not gonna wait for a retest failure. I'm gonna get along right when it comes back in the zone Well, trust me I would love to do that too I've learned that from watching thousands of these that it's not the best way to enter the trades And you'll get run over so meaning if this goes at our retest And then right through when it gets an atr below there. That's when you know, it's this is not a valid long event Right, so it would have to get it would have to fully get an atr below here for me not to play alongside Hopefully that makes sense. Right. That's not counting this new event either So now this new event I will I will watch to see which way This breaks an atr and retest failure. That's how I'll do that. You know, you could let's take a look at the print You know I'm even making like I said some major some major Adjustments with this in certain situations looks like I was showing you guys a little bit ago um, you know if I see 20,000 contracts come through nq. Well, I then I can kind of Say like here. Let me just give you an example here Again, this is not official yet. I'm not doing this officially yet But I'm going to start because like I showed you that that es 60,000 contracts yesterday If I'm waiting for a retest of the zone or waiting for it to get an atr out of the zone And I see that I could just hop in right when it breaks that bar and then I'm in right I don't have to wait for the full atr is what I'm saying I don't want to confuse you guys though because you guys are trying to learn You know the normal strategy and that's the way to go right now But I'm just saying, you know in my trade room. We are working on there's going to be adjustments You'll see them as we go on these webinars as well But you know, so I'm waiting for a atr retest but for some reason if I see This spike up to like 15,000 And it's like an up bar. Well, guess what? I could just probably pop in there and then Just blow the zone where I'm not have to wait for the full 15 points out of the zone stuff like that Nothing's really happening here. This is just like You get some spikes, but you know 4,000 is a lot like let's let's just Scroll through here and see what was a lot because there's going to be thresholds for this as well, right? And it depends on what kind of range you're looking for too So you can see the most today has basically been I'd say 4,000 For a bar again, this is just a 10 take range bar 40 take 10 point range bar I'm not seeing much more than 4,000. So That's where you want to pay attention. You keep this up and all of a sudden you see 15,000 come in You're like, okay, let's go time on top of everything. You already know what's going on with the buying events, right? It's that that's what drives markets. I don't care what crap you have on your screen I don't care what squiggly lines what moving average moving average cross mac d Fibonacci, I don't care everything works Occasionally, right? What they say a broken watch is right twice a day So it's like everything could work occasionally But this is the volume is what is moving these markets at your at your important areas If you get confirmation with this stuff At important areas at whatever you're looking at that's the key So I'm not saying you got to be using what I'm using as far as you know market profile lugs I I You're doing yourself a disservice if you're not using the lugs and an handbook map But you know, if you're whatever you're using and you think it works great Then if you get a volume of that in that area and understand how to play the volume of that That makes it even stronger Great questions Yeah another question on your your setup your volume events monkey bus This is really important here by the way if this gets inside here So on this volume event, I could potentially go aggressive short This ice that just fired off this by ice because that'll be back inside here like I told you before this thing launched Came back just bounced a little bit off of it Right there not a coincidence. That's why they're here. They're very important if this gets back inside here The rule thumb is if you accept in a market profile composite You expect the other side and there you go. That's that 11 to hey look at that right online with that That's exactly where I think the short can go and any additional shorts I put on the minimum down there based on the volatility today I'm sorry go ahead. Yeah, uh monkey butt is asking There's there's lots of icebergs. What lots of volume events. Monkey butt. That's the name monkey butt monkey butt Yeah I like it How do you prioritize the the volume events basically? By the most recent so like I was showing you guys an es when I didn't go along that of that Because this stuff happened first this light blue zone. That was the first by ice came in and then This came in last. This was more for my threshold. So for each market. I have a threshold. That's important That is worthy of trading. That's what my thresholds are. That's part of my my SI indicator course You can get it on my website or the book map marketplace. That's the original course I'm still working on the new one, but it will be done shortly But the point is I have the thresholds I have I explain the volume events in there and the thresholds and how I trade them so on and so forth so I personally wait for the most recent I trade off the most recent one. I did say in my room I'm gonna show you guys this is this is what goes in my room, right? This is why this is you know, this is the benefit you get being part of this You know, I'm not trying to sell you on it, but I'm trying to sell you on see So this is what I said right at the open making that three kids. This is right when that started This was that zone. That's the light blue zone. I said, I'm making that three k 3000 plus by ice on one big zone in es I just did that because it was like one right after another and another So I did that initially that's that and then this came in again I'm like, okay. Well, I'm gonna make this one big zone or one one zone on itself the risk I did with that You guys saw right at the beginning of the webinar If I just made this one big zone and incorporated all of that stuff I could have caught this long at the time. This was an exact tick retest of the zone within a tick There you go Right within one tick and I could have gone long I was I was playing off the most recent setup But you know, you can see that was 40 points outside. That wasn't that much 30 points But I wouldn't I wouldn't have been in until an atr. Anyway, so that was 11 points So I was only I didn't wouldn't make much on that trait. I'd still be in it So we still haven't retested this zone. So that's a long way to answer to I Most times unless it's like we're right on top of each other. I I will play the most recent zone Okay, thank you and While you mentioned your discord, there's someone was asking how do they get access to your discord? Oh, that's my trade room. So if you go Go to website as everything is on my website Discounts to everything on here. All these banners are discounts book map Apex Blackam is not a discount, but this is if you want to hear. Oh, we haven't even looked at that Let's see what that looks like today I'll come back to Sing it A tick strike to discounts. That's this. This is very important. It gets really annoying, but it's really useful information I'm gonna go just go here by trade room and then these are your options So you got the monthly quarterly yearly and then you get percentages off my my course as well That's it But that gives you direct once you sign up there that brings you you know So if you click on that that brings you to this page and you put in and then you pay it And it brings you right to the disk my discord and you can see I get another perk in there too. Like I said, I'm posting now all of these. I'm gonna have a subscription I'm gonna be putting up the next day or two for all of these Are just so incredibly important and then we'll get in a little bit and I'm also doing the playbooks now so So this is the newest playbook dadat. I love naming my this is actually a short version of This is this So dumb and dumb are aggressive opposite delta dadat So what I try to explain in my room All right, so these are there's four different examples here and I'll be adding these in and I'm I'm probably gonna have a subscription to this stuff too eventually where guys that don't want to be in the room They could just come in here and get my playbooks. But anyway This is what you want to do as a trader, right? And I go over this and I show you guys how to do this as part of my if you don't do something like this You're not going to be a successful trader if you're just trading by the see your see your pants every up and down move You're good luck. You're you're not going to make it. I'm already calling it right now You have something like this it just frees up your mind So when you're first starting out and this is why I do this you can adapt my stuff And then you can add what you want But you can just look for that this allows you to start scanning multiple markets looking for this exact setup So this setup i'm giving this to you, right? Dumb and Dumber with aggressive opposite delta dadat So, you know, you put in the big this is what you want to do for yourself You just because you want to start to see tendencies in these but the main thing you need to understand here Like this is the first one that I put in See how fired off a dumb and dumber with 250 by stops. That was that At the two v-wap standard deviation That was that so if you guys have been on my webinars the hundreds of them that I've said the same thing These there's algos that revert back to the mean So here's v-wap. Everyone knows what v-wap is here's one standard deviation called daily value area Here's one and a half here's two the setup is specifically looking for a stop run a dumb and dumber A dumb and dumber is by stops that fail, right? Specific at that area with a diverging cvd. We've talked about this as well What does this mean? This means that there's more aggressive sellers Than buyers meaning more hitting of bids than taking of offers. That's important information This is not red light green light You could have been saying right here as this market moved higher and this one it wasn't that But sometimes you'll see this and you'll still keep seeing divert or where do you get short? This is why the volume events help you didn't say, okay now it's go time So anyway, the setup is two standard deviation volume event I'm a dumber volume event with A diverging delta right and then If you get confluence right so say this happened at a lug Or at this one was close to this market profile composite that you could trade bigger right because you're getting everything aligned In this instance, it was just there. It was close to baby lug. There's a baby lug there Um, and then the other thing I noticed this is what I was just talking about in nasdaq that I was wanting to even that looks like We're about to get stopped out of that trade by the way But it's not going to be that big of a loss because I got another volume of that I'm getting tortured by mr. Tix Drake, so I know that was happening and you can see there's some of the x I'll come back to this in a second I keep going to the run. That's the market map So, you know if this stops me, I don't probably pretty much lose half of what I would have lost Remember I moved my I would already be stopped on this trade normally I moved it outside of this volume event and for a reason see how it keeps struggling here doesn't mean it won't get through there But if it does I'm at least forcing you to get through there. That's why I did what I did there is a little variation So I went back to this So this was the buy the buy stops here This was the dumb and dimmer event Was this And then I saw as it went higher my hump There's sellers there. So this wasn't real buying stop runs. I know you can stop into positions But most times you see stops. It's just the retail trader puking. So that's not real buying It's not initiative buying then I see selling Then I see more selling then it makes another high and I see more selling Then I see more selling that was right out of the buy of the zone You can go short right? This is an instance of sort. I was looking for a nasdaq Well, you get right away. You don't even have to wait But this is an example of you guys hear me in every webinar or am I questioning? Well, should I get in aggressively here meaning where I want to break some ATR out of the zone or should I wait for retest? This is where You can be aggressive. We're either right outside the zone Right there because we just saw that selling there was sign up here and then down here or even if you just did You know my normal entry you could still get in an atr below there But the point is you're always hearing me say Yes, this is the best the most conservative entry is the most It's the highest percentage for win But if you wait for that, sometimes you're not going to get it in this instance After what I just showed you if it hits my playbook, I can get in aggressively I don't have to wait for the retest there because you're going to miss the trade and this turned out to be like 150 plus trade right That shows that Yeah, that was that and I just and I'd show this is you guys should be doing this on every one of your trade setups And then another thing we this another thing we use them in room algo guy This is exponential moving average But on all four of these examples every one of these was extended away from algo guy really really great information So you can see how this clear every one of these right? So there's there's another one This was you could see it's not just one market. This was wheat same exact thing Same exact thing Same exact thing Here's another crude example This is the crew looks exactly the same doesn't it? Oh because it is because this is the playbook same thing Same thing Here's your algo guy same thing Do you guys see how this clears up your mind and this was yesterday I took this yesterday in the room on the AM webinar Or actually it was right after I put it in the room though. Here you go. And this was the other way Here's your dumb and dumber sell stops Insta rejection this when I got in I waited for Full ATR to get in but I traded double size. Why? Look at the similarities here. This is the other way here is the sell stops Those lower there's buyers like hmm. Well the sell stops. I know in our real sellers are guys peeking in and I see buying I'm interested in that It's that look at that Now this was confluence. This is why I traded double size on this trade Or I was saying with times that it's actually at the loves you can trade bigger You try to peek below to standard deviation. I am set up go time playbook Do a tee the same thing moved I got out of the clay. Hey, look at that You see any simulators here all four of them looked exactly the same So you can see if you have your playbooks and again, I show how to do this in my room And I'm going to be posting one a week so you could help good guys going We should be doing this for yourself But you see how this frees up your mind now If you're just even if you have one playbook, you can sit there and scan every market And just wait for all you people that say I remember boosted a poll not too long ago But do you guys watch more than one market? It was like 80% said no You're doing yourself a disservice if you're staring at shitty es all day long Pardon my language for the most time. It's just rotating back and forth, right? This way you could be looking for that exact setup. So are we close to that set up here? No Close to here. No hustle no Oh, by the way, I watch all these markets This is Dow. Yeah, actually that's close. So right now what would I do? I would have to see what? We're getting closer to standard deviation. I need to see a stop run And that's not enough. I need to see diverging delta. Do you see delta is diverging? So right now I already know my mind Listening waiting for my my my verbal alerts if I hear Stops in Dow. I already know that's diverging as long as this doesn't make a new high You can see this was at this point Actually, it was Here It's still diverging though, even if it's like even the week I'll show you the week it was it was As it moved lower yesterday or higher. This was not moving higher So this will be a divergence unless this just spikes up like that So everything's in place, right? So I already know that is ready to go if I hear a stop run So do you see how it frees up your mind if you're just looking for one two three playbooks? Fruit it's getting close and guess what? If this moves up here, I don't know if there's a diverging delta. Let's see. No So this one is not see how the delta is moving with it. That's disqualified So you can see how you can have we'll be watching 5 10 15 markets and just looking for a specific thing You're not confusing yourself on every damn move that happens in the market thinking you should be catching every damn move Because it's not going to happen Right. Here's this is why I call this waterboarding, but I get to listen to the torture While I watch the train moving against me Uh, but what I will be watching here if I didn't get stopped out Remember, this is the newest volume of that. I could have moved this an atr away from this I just I don't need it. I don't need to it stops me out. That's fine I'm going to be playing along off of this potential to stop here. So I mean, did I put that? Hold on I have no short term memory anymore from all the torture I've taken in these markets I did 11 4 3 5 Is the new zone Is I'm 40 right so now An atr out of this zone would it would be 11 380 Meaning that would set me up for a long potentially a long on this and you see it didn't get anywhere up there So it would stop me out by then So my point is I could have trailed might put my stop above that for this newest setup I I don't need to see all that if this is able to push through this zone, which it's failed a couple times Then I'm out and then I'm looking actually for a long But This is still potentially a short setup. Why because it hasn't been able to push an atr out of there Right, so I will I can still go short this too Meaning I can add I'm already short, but I would add this as a whole new setup Most of the times you get it as it moves in your favor And that's what I was just talking about before this came in I was looking to add to this trade Where when you get a trending type day, obviously this is in trending right now But if this goes sell setup, I get short on that one And then you get another setup I get short on that one These are all independent trades and then you can trail your stops based on the new setups like I did with this one I'm not trailing it So I don't so I break even I'm trailing it because of a volume of that So that makes sense Any questions on that we're getting close to the time for your other guy to come on Yeah, you've been busy today. I didn't want to interrupt your trade there. I haven't really done much, but yeah I'm not sure how you you juggle trading and well at the same time kind of sharing all these insights It's impressive stuff It is it is tough Mainly because I got to do it all on one screen, right? So it's like I'm watching all these different markets and like on the webinars and stuff I miss so many personal trades Especially I'm doing all these all these other trades on apex and I miss so much stuff because I'm on one screen It's hard for me to like like when I'm by myself. I'm scanning like I have literally I mean, I have two huge monitors. So those are like three monitors. I got three book maps on each monitor So it's pretty much like I'm looking at You know 12 monitors and when I'm on these webinars, I'm staring at one So it makes it a lot more difficult, but Um, I wanted to pay attention to this and so you had buy ice here This is this is the same guys. It's the same exact. So for instance, if you're I'm not going to draw this right now It's already happened, but It doesn't matter what market you're trading. That's why don't pigeon yourself hold pigeon hold yourself into one market Here's your volume of that. Here's your buy ice. Hey, look at that. That was a couple ATR This is the exact trade we're doing in my room. Hopefully somebody caught that And then you had another volume of that More buy ice And there we go. I missed that one too. This is the other trade that I'm done. We're doing but It's pretty unbelievable It's just the same patterns over and over guys. I don't know how it allows to say to you and if you're watching one market And you're using book map you're doing yourself a tremendous disservice Make a playbook I'm gonna learn mine Whatever you need to do and then start scanning markets for that one thing and then when you get it Good at one then you can add another one and then when you have two you're good at both You can add another one you can see if you have five solid playbooks Over 10 markets you are never you're always basically doing something and you and you know This is what what I'm doing too. Every time this occurs now I'm going to put in the next example next example. So within six months, there's probably going to be 50 examples How confident would you be in a playbook that you're working on if you just scroll and you look at it and you're like You don't hesitate. You're not like, I don't know if I should take this trade. You're like, oh wait. No, I have 15 examples I know this trade works almost every time I'm taking And it's not going to be every time it's going to be a high percent of that's the edge. This is an edge That's what trading is don't make me go on my trading in the zone rant quickly It's first of all anything that can happen like yesterday. What was yesterday? New york times just decided to throw out a random quote from a fed guy in the market spike like 20 points It's stuff like that, right? So I need stops. But anyway, you're a casino You can be the casino if you have an edge that generally puts the odds of success in your favor Do you think if I show if I have 50 I already know this is an edge but after 50 Do you think that's an edge? Right? And then you just look for it. It doesn't work every single time It's worked every time so far, but there's going to be losers But overall Just like the casinos I'll open the game and be a consistent winner with that playbook right This is what Actually, this is straight out trading in the zone read it. It's all about learning to trade your edge like a casino It's just setups. That's that playbook generally puts the odds of success in my favor Five fundamental truths that's this you can do everything you need to do over a series of trading like a casino You can own the game and be consistent winner So I know over a series of trades with that playbook It will be a winner Right because I have the edge the edge I just pointed out all the different edges in that in that playbook The main edge is the volume of that this is the main edge But then when you can add in things You see and then you can throw in a little more confluence. It's even better So right here right now you guys can adapt this playbook look for a volume event You want to look footprints important? You want to see some selling? Look for extreme standard deviation And if you want to throw an algo guy to make it even better It's an extension of algo guy. There you go. All four of these same thing my rant Okay, uh still being tortured trade Perhaps a couple more questions guys and I think we'll we'll call it and let Scott catch his breath here So, uh Steve has got a question when you were going through Your dada your setups He was asking what setup do you find is the highest probability? I think you've got like a handful of setups that you use I've got a ton that i'm putting down and put that you know, that's one thing that i've been I've always lacked at it and I've got to get better at it Like I have setups in my head like I just from watching markets for 20 plus years I have setups that I just know and I do I don't have them all documented. So that's what I'm doing for the room I'm going to start documenting them week by week Trying to put up one a week, but there's no You know I can't hear out. Let me show I'll show you some of these right? So these are just the ones that just popped in my head that I that I take just off You know just second nature all of these Right all of these so you can see they don't necessarily have I mean after we do do enough of these You can go back and look as I put them in You know if you're part of my trade room and I put them in the playbook you can go and see Okay. Yeah, this is this trade works 80 percent of the time, but I The volume events are the key to and then you put them in certain areas like I was just telling you earlier Whatever you're looking at with a volume event make that up make that a playbook come up with some variables Put that on a playbook Exactly like I do it and then you have and then you have a trade, but I percentage wise. I don't know for sure I don't even have them all down on paper yet. So I don't know but I know this is the edge This is the edge. I don't know how else to say it every webinar It's the most powerful thing I've ever seen in 20 plus years of trading If you can learn to understand how these should react and then add them in the areas you find important You're there and you just have to work on your risk rules, which I give you You can use mine. You can use yours Again, this is the science How you trade them is the art if you don't like waiting for ATR retest you might guess do whatever you want I don't I don't like that either But I've learned the hard way not to just be jumping in And waiting for it to show rejection of the area so on and so forth showing ATR out of the area So I don't really have percentages on individual playbooks because I'm just putting them down I will eventually but I will and if you're part of my trade room You get those you're going to be getting a weekly playbook eventually I'll have them for you know a subscription on my website, but that's Like ninth in line and all the stuff I got to do including make my new site in the care course Completed I should say I already started it, but I got it completed I'm still alive in this puppy Guys, this is not coincidence. This market stopped here multiple times Let me look at that Stop stop stop This never got an ATR above here So this I still may be adding to this short on this setup still unless something new comes in Then I draw that known and I played the same way All right any more questions really nice Trade well hasn't worked out yet But it's a good example of following your rules there and you know You had your stop in place for your reasons and it and it didn't hit it A lot of retail traders there would have panicked out with that position perhaps but You've got it all set up a lot probably the majority of them And guys, that's what hell goes no that's why they take your money There's they when they know nobody's coming in here and they can see this stuff. It's just like we can Then they start playing their games in random areas because nobody's going to stop them in certain areas Or they're going to be stopped is at mime events or Because why just think of it logically The guys they got run over in this so say this sell stop event Well, whoever's holding on when it comes back they get out. Well, that's why it does that Hey, so these elbows play games until they're stopped Would stop some big money and the violence Sooner you can grasp that the better you're going to do Yeah Nice stop position there based on the volume events. Like you say everything's based on the volume But I'm right Yeah, so we've I think we'll call it there We I mean we've got a couple more questions on the apex stuff and access to your your room again But I'd recommend going to your website scott pulsini trader.com or reaching out to you directly Or you can you can email me as well. You got my email don't you on there? Yeah Yeah, scott at scott pulsini trader.com now just put it up. Yeah or support as scott pulsini period I can't be the one so you can ask me questions there But as far as apex, I mean I'll answer the best I can the best place to go as they go here and then go to They got all these videos and everything else But I highly highly recommend you do this if you're struggling or if you're trick your testing stuff You know, if you get you build a playbook and you want to test it Why test it with your own money test it here if it if it doesn't work Then you you don't lose anything you just lose your entry fee or whatever the hell it is that Especially with the discount. It's not much and then if you qualify now you're bad now You still don't have to risk your own money like I mean to me it's a no-brainer, but you guys you guys do what you want to do Okay, you you uh You you've uh need a rest now. You've you're done. Yeah a little now Okay, well, um Great stuff as always. I mean, thank you again for sharing your experience with us It's um and guys, please hit that like button on youtube if you learned something today These webinars with scott. I think are packed with value and um, yeah Join us again next week by the way whoever whoever made the bet here Get ready to pay up because this remember the bet in gold and I hate this market But my bet was it is this liquidity before it makes a new low and here we go I think nobody took the bet. They were all uh, too afraid to take take you on there They used to take the bet They learned quickly that you can see this liquidity liquidity Don't quickly this is not the liquidity you want to be paying attention to this is algos I'm talking liquidity that's been in there forever And that's the other thing you want to be using this trigger map This is the new add-on you can get it in the book map. I think it's part of global plus This is this This shows this that's the equity I was just talking about but there's more up there So yeah, some days it's not going to be clear cut. This looks ranging to me. Does it not? This is a yes Okay, this And you just have to determine based on stuff. It's like you see right there. That was pretty funny That was whoever's been sitting here all morning. They just moved it lower. They're like, uh, I don't think we're going up Let me see if we can get filled here Very important information guys. It's like on top of everything else Now you get a volume event. You're like, okay. Well, maybe we'll tag that If we get a short volume event, then you're playing into this stuff This is just guys. This is it. This is the information I can't say enough All right, so I got uh, really nothing again today, but actually a lot of teaching moments So that's good. Hopefully you guys learned something about the playbooks and so on and so forth. So Yeah, absolutely. Oh So, yeah, um, I think you uh Join us again next week here I I would recommend soaking up as much of this stuff as you can. Um, so we'll be the same time Next thursday Awesome, I appreciate it. I'll see you guys next week Yep. See you guys. Thank you