 Okay, good morning traders and welcome to the Bookmap ProTrader webinar today with Scott Pulsini. Good morning traders and welcome. We do this webinar every Thursday actually with Scott. This week it is the ProTrader webinar series, so tomorrow we'll end with Charles Goff from Pirate Traders. He also streams with us weekly on Mondays, so this will be a different event though, this ProTrader webinar, and he'll go through some different things. Anyway, let's get in here with Scott. You guys know who Scott is. He's been trading for over 20 years and he was responsible for trading, which I still can't believe. It just boggles my mind the amount of pressure, 10% of the S&P E-Mini futures volume back in the years between 2002 and 2005. So each tick is probably about 50 grand or something like that. But anyway, he is an expert scalper with an innate ability to quickly read the order flow and volume within the price patterns. I have Scott's information here, he has a website, he offers mentorship, you have his email, his Twitter, he has a trading room, and he has educational courses on the Bookmap Marketplace. I'll put these links into the chat for you so that you can reach out to Scott directly. Let's go through the disclosures and turn it right over to Scott. All Bookmap Limited materials, information, and presentations are for educational purposes only. It should not be considered specific investment advice nor recommendations. Risk disclosure, trading futures, equities, and digital currencies involve substantial risk of loss and is not suitable for all investors. Loss performance is not necessarily indicative of future results. All right, with that said, let's see Scott's got his screen up. Let me share it here and take it away, Scott. All righty. Still hear me correct? Yes. Okay. All right, so my own personal fast market today, I missed a train to show you this whopper in soybeans I just missed, but I'm going to hopefully catch this trade in Aztec. So we have a stopper in here. I'll go over all this in a second night. So the spreadsheet we use in my trade room, what was that, what was it, 71750. So this is the spreadsheet we use in my trade room to enter in our zone prices actually. I just screwed it up already this morning. This is the top of the zone. We'll go over our drawing these zones. I know there's a lot of new traders on here and a lot of traders new to book map and I will go over all this here, but I'm going to get this inside of another trade like you did earlier, traded the wrong month in crude. So it's not a good start to the day. I'm getting a little active like it's the last two months and I'm blowing it already. So hopefully I can get back in there. I'm going to decide to sell GC 151 contracts. All right, so let's see if I miss something here. All right, so this is the latest actually two events here in Nasdaq. You had a stop run. I just drew that zone and you had some little slides there. This was threshold size here that was in the same zone so I don't have to change anything. So this is basically a delayed double whammy. So this is one of my six setups that I have that we trade off of off the SI indicator. So this is called the stop iceberg indicator. That's the most powerful thing I've ever seen in my 23 plus years of trading, showing you with certainty, 100% certainty stop runs and iceberg orders. Iceberg orders are hidden orders in the order book that are the big money playing that they don't want to flash their orders in the order book that's that caused the algos to run the orders away from them so they have to hide their orders. So that's what I trade off of I need to eyeball this to see if this was already qualified as a long setup. Well, overall this here in a second I just need to get my bearings what's going on. So this I need to trade off 375 to make that a short setup. All right, so for this particular setup that fired off, it was only technically a short setup. So the way I judge these zones from watching about 5 million of them in the last four years is if the market can push an ATR, a five minute ATR away from the zone then this is a parish setup and I will not take longs off of this particular setup. And so this I would have taken a short area if this market had moved back down but it just went ripped right through it. So this is disqualified either way for me from trading long or short for this particular time setup. So I sit here and wait for the next one. What's important here is you can see that it's all this resting liquidity up here and you can bet you're about a dollar that these guys will all get filled because they always get filled because this is the big money that runs the show and they will push the market into their orders eventually. So most novices that get bookmarked look at that and they're like, wow, that's incredible, a lot of people want to sell up there. I want to be sure and it's the exact opposite. These guys, the longer this has been in here on top of it, the more these guys want to get filled like these were earlier and they get their fills and then it can finally go the other way. So we have actually a trade that trades towards this liquidity. My trading strategies, which will go over. I'm going to try to figure out where this is coming from. All right, so nothing really going down in here right now, far as bigger pictures. This is what we go over. All right, so we do have a volume set up. So this is an important zone. We call these inflection zones in my room. These are where prior important things happen in the market. So you can go back here, both these zones. So this is an area where this was back in, I don't even know why this was so long. Back in last August, it's the last time we were up here. But you had selling tail and then you had a gap down. Actually, it's brought this down a little further. But this is where we're approaching and then this is its own gap down. And then the market's never returned here till now. So these are important zones where this market could fail. I'm not really excited about shorting, but this market's moved quite a bit from yesterday. So these are areas that the market could pause and pull back to some of the structure. You had a little balance here that it ripped out of yesterday. You had balance here that it broke out of. Then you had bigger balance here that it broke out of. So nothing about this tells me that it's bearish, but I'm a day trader. I will take shorts, especially with the SA indicator volume setups, because that's the real-time volume coming in. And those could be short setups. And then you take the quick trade and you're out. So this is an important zone. It's been in this important zone. So we just heard a volume setup, I think, when this fired off in here. Did I say, yeah. So I will trade this aggressively to the short side if it presents itself. And I'll also take it along with different strategies that we have in my room. And I'll go over these strategies as they present themselves, like I said. So let's draw this zone. So the best way to draw these zones is you find the spike on your chart. So below zero means it's sell ice. Above zero means it's buy ice. Buy ice birds. Same with stops, sell stops, buy stops above and below. So what you want to do is use your little, you can see this bubble here. That's not helpful, obviously. You want to take that off and you want to get this last price line on your chart. You right-click the chart, configure visible components. Make sure this is checked. Then you can see the actual traded prices. So we can draw our zone with accuracy based on this spike. So then what you do is you have your cross area and just follow where this started to come in. You can see the prices were started there, but it came down to here. And that was still engulfed in this spike up to there. So my zone will be drawn from here up to there. And I try to color my zones accordingly just so I know what's going on. This was sell ice. I used black for sell ice. Step one is figuring out where you're on the bigger picture, but you should have all that down in your, you know, pre-market. You should know exactly where you're at and I'll show you how I screwed that up in soybeans because I didn't know exactly where we're at and I missed a trade that I'm going to keep talking about because it was a whopper over here in the second. But you want to know all this stuff beforehand. So when the stuff starts firing off, you're not scrambling to see where we're at. You already know. All right. So the top of the zone is $13,000, $7,000, $32,000, $75,000. So I come over to my spreadsheet again. This is proprietary to my trade room. You get access to this, this thing is a godsend. It's just so helpful in getting the exact prices. We'll go over each one of these, what these prices are, what I'm doing here. So the top of the zone was $32,75. The bottom of the zone is like $26,000, $13,000, $7,000, $26,000. And the other really important thing is adjusting for the volatility, current volatility, right? So at every webinar, a lot of traders out there are trading with these static stops like an ESI, I like to risk two points to make sex and you're just putting in, you know, you're risking two points every time. Well, yeah, two points might work in this type of environment. That's how it's been the last two months. When the ATR is two and three, when the ATR spikes up, like right now, two points would be right. ATR and ES is 3.6, you know what I mean? It's rotating about three and a half, three and three quarter points every five minutes. But days when it's 12 ATR and you're risking two points, you're just asking, you're going to get stopped off very, very likely just on random rotations. So that's why this is so important that we adjust to this. So right now, this is the hourly. So this is the default on Thicker Swim and this is a five minute, 14 period Wilders Solidus. So it's basically taking the last 14 five minute bars and judging the volatility, right? So you can see there, the ATR, the little screen there is 14.6. That means it's rotating about four, which is pretty low for Nasdaq. Again, point is usually average, so 14 is still pretty low, especially when this thing feels like it's whipping around right now. So let's put in 14.72 and you want to keep adjusting this until you get your fill, right? So now we can judge based on this volume set up that this is a bullish bear set up. I already know because we're in an inflection zone and Izzy trade and that's one of these are the trade setups that we're using in my room right now. And I've got about 50 behind these, but we're doing one at a time. We're keeping exact stats with these Apex accounts. We'll go over that a little bit later. So these are different, obviously my trade room has access to all the descriptions of all these, I'll go over them as I put them on, but that's one of the perks of the trade room as well, right? So what I'm looking at here is the inflection zone trade, aka Izzy. We've given an acronym and usually they're pretty funny like the barf, things like that. Just to make it memorable and you got to laugh in this game or you're going to lose your mind. You probably lose your mind anyway, but. All right, so if this moves out of this zone, I am aggressively short at 13709. And what's great about this spreadsheet, you put your ATR and you put your zone prices in and it tells you your exact risk and points and how many contracts you can put on. So for this trade I can put on and I round up, I can put on seven and I'm a QMNQ based on my account size. So again, I'm doing the Apex account. This is showing I'm risking 10% of these accounts. So I'm getting, trying to get all these, these all, every one of these trades trades will be live eventually. The one that's live right now is actually it's the Izzy trade. So that one's live. But what I'm showing here, like this one's closed. So these are all getting up there because we just started this like late February. And I'm, you know, with trading it's all about percentages. So you take every trade, every trade and you grind up in your P&L. You know, a profitable trader with an edge or P&L looks like that. It doesn't look like that. Some days you'll catch that. But other than that, it's one of these, right? And then you can run through a bad period like the last two months has been and then you gradually make your way back. So, you know, these are building up gradually and they're all, these are all be live eventually. But the Izzy trade is live right now. I was going, oh, so what I was saying is, you know, you see here I'm risking, you see another beauty of the spreadsheet you put in your account size, right? So say you had a $50,000 account size like that in here. Obviously, you don't want to be risking 10% of your account size on a real account, right? The most you should be risking is 2% of your trading. If you have a $50,000 account, most you should be risking on any trade is 2%. You plug that in and it tells you what to do. It tells you exactly what you're risking. This doesn't matter. This is going to adapt to the volatility. What matters is how much you're trading. So you can see it like if the ATR pops up to 40, which happens all at 9, and I watch what I can risk. I can't even put out a full NQ. I can only put on five micros risking $1,000. So that's the beauty of this spreadsheet is it adjusts what you should be trading based on the ATR, the volatility. So right now I could put on 12 MNQ around up to 13, and I can short it 9 quarter as long as this doesn't prove to be a bullish setup. So how do I determine that? Once again, that's in the spreadsheet. So if this market can get up to 747.50, then my short idea is disqualified. And then along is in play based on these zones, just because I know how the market reacts to these volume events, what is the tendencies, right? So I know if this gets up to 47, 47 quarter, this is now considered bullish. If this market is able to push at least an ATR away from here, it has the strength to make this a bullish setup, right? Then my short would be disqualified. If that does not happen, then I will short aggressively as soon as this gets down to 0.950 based on this... It's not going to matter, I'm probably going long, but based on my trade strategy, this inflection zone strategy, which is an aggressive entry. So I have two types of entries as well for these volume events, right? So the conservative entry is an ATR, a retest, a failure. I get in just outside of an ATR. The aggressive entry is the minute it breaks outside of an ATR I'm in, right? There are certain instances where it may not retest its own. It retest its own with ridiculous regularity. We actually have a trade in my trade room, and that's part of this spreadsheet as well. That actually takes advantage of that. So here's all the position trading strategies, but if you scroll down here, we also have what's called the ATR reversion strategy where we're actually playing. We have an ATR event, it gets an ATR, you would short it there, and you play literally just back to the zone. That's that. And that's just like in and out trade a more of a scalp, right? So we have a one ATR, a two ATR, and a three ATR, which we trade because these markets retest these volume events, like I said, with ridiculous regularity. So we take advantage of that trade as well. So that's why some of these trades, I will wait for that and take it. There's other trades, I'll get it right away. This one, as far as the long side of things, I'm not being aggressive, right? First of all, we're in an inflection zone that I want to fade if this market could stop here. So I'm not really excited about going long aggressively in this zone, which it could easily alter. That's number one. The bigger picture look, number two. Let's take a look at our level. Sorry for these split screens, by the way. I switched monitors, now it's showing like my other monitors on here, but for that trade here in a second, let's see if we're right here. So these are... Is there another thing now we judge? The second most powerful thing I've ever seen in my future career, these are called Ludwig levels, just quickly because everyone on these sends me emails. So what were those Ludwig levels that you're talking about, Ludwig levels? So go to Ludwiglevel.com. This is right here. So you can do the 3-3 trade, 3-3 trial, put your name in there, comment, say son on a book, we have a webinar and she has special pricing for you guys. But anyway, these are proprietary levels that are just unbelievable as far as support and resistance, as far as targets, as far as coming up with the thesis and what the market's possibly doing. So I have three different ways to come up with the thesis based on the bigger picture type of look. We looked at the bar charts, those are the four important areas of charting, the Izzy zones, the inflection zones, we did already look at that. Then I look at market profile, how it's reacting. That's a Russell. Let's set up a look at that in a second. Then I look at market profile, we'll go over that when that applies. Then you can come up with thesis based on Ludwig levels. So you can see these Ludwig levels are very important and very important for resistance. So this many majority of the time will bounce off the red lug. Well, when it has enough strength to form new lugs, then the way it reacts to these lugs is a whole other way of looking at the markets, right? So this broke through red, this was resistant, she calls it big red and then it drew new lugs. Well, if the spark is truly bullish, it should hold prior red in the current directional yellow. This is kind of like the mean or the median type of whatever proprietary, kind of like a VWAP type of thing. So if this is truly bullish, it should hold prior red, which it did, yellow, which it did, and then you expect the next red, right? This is coming up with a thesis. Doesn't mean it's going to go straight there, it may even play games, but the way these are reacting to these lugs, I'm expecting this to get up to here. As far as this thesis is concerned, right? So, but if they say it did this and then all of a sudden it's below here and it can't hold this area, then you're expecting that. So this is just ways to come up with what's going on in the market. Again, I have three different ways. I have the lugs, I have the market profile. You can see we're heading up here to an important level in market profile. This is a prior market profile composite. Let's see where that was. Again, this had to have been last, that had been a while ago. Long time ago. There you go. That was over here. So you have this one here. Actually, it could be adjusted a little bit. And then you have this one here. So we're basically heading to the top of this one right now. What's the price? 17. I think we're up here now, actually. So the top of this one, the bottom of that one. So these markets also will come to these areas and these are good support and resistance. So if it gets in, then that's a good support. Support down here. So these are really good areas. All these are composite areas. So meaning when markets overlap in single days, the value areas, which is 70% of the trade, I will merge them together and come up with a composite, which are extremely powerful. Let me just turn something that he has to. I know how many people love to trade that he has. So we'll head over there. So this is how this was born, this composite. So that's what I do there. We'll go over a little more in depth as we come to other ones. But that was back in August. You can see this is an area where this could stop. So if I get a setup there, a new setup, because I think this is now actually a bullish setup based on what we're talking about. And we're coming up to an inflection zone as well based on the stuff I just showed you too. So we've got a few things that could potentially stop this market. This last volume event obviously is not a bearish volume anymore because I was able to easily get over an ATR above here. So I would play this to the long side. I know I'm saying there's a bunch of resistance up here. But until I get a volume event, I will play this most current volume setup to the long side if it comes back in retest. So we'll keep an eye on that. If not, I'm just waiting for a new setup, a new volume setup, right? A real-time volume SI indicator setup in this area. The new thing here, we'll go over this too. This market pulse is pretty incredible. And we're coming up with new ideas and trades based on that as well. We'll go over that too as I'll show you a couple of examples from this morning. I conclude that I caught a couple moves on that. All right, so we just heard something in ES. So quickly let's take a look at the bigger picture. And then we can... So obviously, so first of all, with the close yesterday, there was 35,000 buy-ice right there. That's that blue shaded zone. Most I've ever seen. And you can see what the market did. Just rip it right through there. There's different ideas of what that was or they had in their options flow. Again, I don't care. I know there's someone on the other side of the trade. I don't care what... When you're seeing buy-ice, sell-ice, there's always been that misconception or there was when this first came out when I was doing the webinars. There were competitors of book map. There's really no competitors to book map, but people that try to compete with book map were trying to downplay this information, the site spur and stop information saying, they thought I would say, okay, there's a buy-ice spur. You want to get long. And that's not the case. Yes, it has a higher percentage of going higher because when you have the big money buying, you probably want to get on their coattails. But there's times that the big money's wrong and we take advantage of that too. That's called the broken-ice setup, right? The six setups that I was talking about earlier. So just because you see buy-ice doesn't mean you just jump in and buy. It depends on how it reacts to the area, just like any other setup, but it's good to know. So for instance, it was really good to know yesterday that 35,000 by far the most I've ever seen in four years came in and it was after the close too, right after the close, the 3 p.m. close. That's good to know. And you can see that one, if you're just like, oh, you know what, someone bought 35,000. I think I'm going to go ahead and buy some too. Well, you got yourself, you know, 15, 20 points in your favor as of right now. So that's not how I trade them, but I'm just giving you an example of that whatever came in there, even if they were hedging something, whatever, there were sellers on the other side. How are the sellers feeling right now? Not real good. And they probably, this is probably part of the puke right here that we're looking at with these stop runs, right? So you can see here, this is the data setup. You had 561 at a tight stops. And then there was 191 icebergs. That's not my threshold. So I have thresholds for each market that are tradeable events, right? So meaning if this iceberg was by itself, I would not draw this zone and trade off of it. 191 is not a lot in ES. 700 or more is a lot. So I will trade off of that amount. Other than that, I don't pay attention to it. And again, all the stuff that you're learning is how I learned the hard way of trading these over the last four years. So you can kind of fast track what you're doing instead of having to watch 4,000 of these setups and you can learn how I trade them and then you can adapt as you get better at them if you want to make changes. Like I always say, this is the science. This stuff down here is the science. The art is how you trade these zones. So my art, I would pay attention to because I watched just from my experience of trading them. But as you get better at them, you can add your own art in and trade them differently. But there's no disputing that there was 500 stop runs here. What are stop runs? Usually it's just a retail trader puking. Retail trader's puking, right? Yes, you could stop into positions, but most of the time, it's guys puking that put their short and then they're like, okay, well, I'm going to risk up to here and they put their stop orders in. And then when the market touches that price, it fires off their stops. And you can see the sweeps indicator here. So it swept the order book because all these prices had to be filled or these contracts had to be filled. So it took that many prices for the stop run to be filled, which is about three points. Let me take a drink of water here. All right, so that's our zone. I already know we're not in an easy zone, an inflection zone. So that's not in play. Let's take a look at, we have other strategies though, based on what I've been talking about. Let's see what the Ludwig levels look like. Yes, here. So nothing Ludwig level wise. Just make sure this is refreshed. I forgot to restart my Syracuse today. This was a deposit. This was just a single day. Actually, I don't even think I have deposits because when you switch months, I lose all my composites. I don't think there's anything even above here. This was a prior one. Actually, I do want to pay attention to this. I cut it off, but you can see this is still relevant. This stopped here. So I'd say right around, I'm talking about this one I cut off here, right around $41.92. That's a prior composite where this could stop other than that. I could back in here and draw the other ones. If this thing just keeps going straight up, like it's been doing, but nothing as far as the market profile nothing as far as logs. What I am noticing here is we are obviously at extreme standard deviation of VWAP and there's not a lot of volume coming in the market relative volume. And that's this stuff, right? You want to really pay attention to this. So when relative volume is terrible, you get choppy range straight. When relative volume picks up, that's when the big money's playing and you get these extended moves. Well, many times when you get to extreme standard deviation of VWAP, actually, this is one good thing about this new split monitor. You can see both here. You get up to these extreme standard deviations. So this is VWAP. This is one standard deviation called daily value area. This is one and a half. This is two. We're at three standard deviations. You have these algos that kick in that try to revert it back to the mean, right? Well, the algos usually get their way 80% of the time it will come back there. This is just my estimation. I'm not saying it's exactly 80% of the time. If you're not seeing this kind of volume, this has elevated a little bit in one of these bars here, but this is kind of dissipating now, this relative volume. So this relative volume, this is unseared chart. This is a relative volume chart that's showing me the exact five-minute period for the last 30 days. So I know for the last 30 days, like this was a ton of volume pre-marked, right? I guess I'm gonna neck-ass to... We'll go over the... This is just the number coming out for neck-ass. We'll go over there in a second. But anyway, this is an area where I know that they could snap it back here. So I just keep that in mind. Doesn't mean I'm just jumping in a short, but I'm just coming up with ideas like if this turns into a short-set. Goodness gracious. What's going on in that gas, man? Take a look. That's another great thing about this. I indicated it's telling you when something's going on in these other markets. So 244 stops, and these cell icebergs are still coming in, and you can see this market pulse. Like I said, we'll go over that. That was kind of telling you this was all gonna happen. So they started buying like crazy here. You can see this thing, this market pulse, and then triggered the stops. Now, cell icebergs. So this is actually a double whammy setup. We'll come back over here. This is the dumb money. I call the retail trader the dumb money. Don't be offended I'm a retail trader nowadays too. But that is the dumb money puke guys getting out into the waiting hands of the big money, the cell icebergs. That is a distinct setup called the double whammy. That's a high percentage of failing. All right, so we'll come back over here. We'll look at the Izzy Zones and everything else there too. But as far as this is concerned, let's get these levels put in here and we can trade this on ES. Like I said, I know all you ES rats that just love to stare at this crappy market. You guys are doing yourself a disservice not watching other markets. And I'll show you my pain that I'm usually catching. My pain from this morning. Because the point is these volume events, volume is consistent across all these futures markets. So it doesn't matter what markets you're trading. It's the same patterns in all these markets as long as you know the thresholds of the market you're trading. So you're doing yourself a disservice staring at one market when you can be trading. Like for instance, we're here in natural gas fire off. I can just hop over there. That's corn. I'm not trading corn right now. But that's like watching paint, right? But you get the point. You're doing yourself a disservice if you're just staring at ES and NQ. Because especially the last few months when it's just been an absolute chop fest get your head chopped off. And the problem is there are so many guys trying to do this for a living and they're like forcing trades in bad markets. Well, you can just say, you know what, ES I'm not trading you today. This is just a chop fest. Oh wait, natural gas is firing out. Oh wait, soybeans is firing out. Speaking of which, let me just show you this so I can get this pain out of the way. I'm sitting here doing my prep doing these inflection zones for my trade room in the morning. Let's just quickly, I like to show this because you get a lot out of my trade room. I mean, I'm obviously giving it a pump but that's the truth, right? So it's like you come in here and I post these zones every morning. These are the inflection zones. You can do these yourself. I do this for 17 different markets. For every one of these markets, I post these zones. So anyway, I'm sitting there drawing the zones. I hear soybeans fire off. I remember looking at it but I didn't know for sure if we were at Izzy zone. So remember, I tell you, my inflection zones I take aggressively, right? So I should have known we were in an Izzy on the open. More stops there. So the thing fires off. I didn't remember. I forgot to really look at soybeans to see where we were. I'll go there in a second to draw this zone. Remember, this is supposed to be an aggressive entry. I get over here. I start drawing the zone. I drew the zone and I went back and I looked at something and I came back and I was supposed to put my order in. Aggressively, I would have been in right here and I looked at this thing and I'm like, you've got to be giving. So this is a broken ice setup. This is an example where the big money was wrong. I should have been in there. Only 20 cent move. Like in minutes, this just never happens in soybeans and I'm just sitting here holding the bag in it because I wasn't aware where we were pre-market like doing my pre-market prep and I missed this whopper tray. This is the most recent setup. I'm mad at soybeans so I'm not looking at that right now. So I was going to trade this original setup. Guys, I know I talk fast but you've got to remember I'm trying to cover all these markets, trade line, go over all the stuff I'm looking at so I can't talk slow. What you can do is you can go back and watch the YouTube the webinar replays and then in my room, I have over 500 webinar replays from the last two years of doing these webinars. So if I'm talking too fast for you I apologize but I've got to get it all out and I have a limited time to do it especially when I'm trying to put on trades. So I'm sorry if you can't follow but you can go back and watch the replays if you're kind of at a loss right now. Alright, so that started so these were 81 but it started over here so I'm going to move that down a little bit some questions so I can catch my breath Alright, so this is your new stop run zone so I don't think we're at the Izzy yet begging, dying to put on an Izzy a little closer 4201, these are zones, they're not exact prices but this is the zone right around 4200, 4217 anywhere in the zone if I get a volume setup I'm going to take the inflection zone trade the Izzy aggressively, we're not there yet so there's no aggressive trade here yet so now what I'm going to do is I'm going to plug these values in my spreadsheet 92.50 to 91.25 an ATR an ATR, again 5 minute ATR wilders right there in the middle of the screen it's rotating about 4.75 minutes so what can I do here well this is not going to be an aggressive trade either way for me meaning first move out of the zone first ATR move so I will wait for retest failure but whatever way this shows me, remember we've talked about this already I determine which way I'm going to trade this if it's able to get an ATR out of the zone right so if it gets an ATR out of the zone then I wait for a retest failure I'll go long an ATR retest failure I'll go short I do this on purpose and I know there's traders saying well if you get the ATR and you come back to the zone why don't you go along right there why do you have to wait and cost yourself another 4 points because again I've learned the hard way of doing that I don't need to wait for that to pop back up this already showed me the ATR I'm going long and then it does that we already saw that happen in Nasdaq and Q the other way so if I would have traded that on this one if I would have been all aggressive that was this event here right when we got on so this did get an ATR right off the bat that was that stop run move down if I said I don't need to wait for that to come back what would happen? I got my head ripped off so that's the reason I wait for that by the way there's FedSherpin too so this is why the markets are actually ripping higher because they come out and they pump it up so they do good cop, bad cop so these speakers I call them different names when we're in my private trade room but I won't do that publicly right now they come out you can see here like this is today this is part of my trade room you can see all this stuff but all these dudes were talking today and so they do good cop, bad cop so it's like they come out and they say something and the market rips they say he says something and the market rips he says something and it's all done today then Paul comes out when they do the actual minutes from the rate then he'll throw the hawkish view or the bearish view and then all it does is basically so they basically avoided they pump it up and then when he comes out and says something hawkish it just comes back to where it was instead of they don't say anything and it's sitting here then he says something hawkish and it's down here I've seen this game so many times it's just ridiculous it's good cop, bad cop if you don't believe me watch for yourself pay attention to it and you'll see exactly what I'm talking about so you think this is hawkish or dovish look at that since they've been talking the thing has just gone up straight 30 points this is what you gotta deal with guys in the trade room every day too when these guys are talking you got these algos they're going off their keywords so the minute they say something it's not like they wait they see a bear a bullish word or a dovish word they buy they see a hawkish word or a bearish word they sell for instance the other day we were in the trade room and I was trading while they were talking and some guys said cooling but it's not yet cold but the algos read it as cool and cold and the market did this it dropped like 10 points in a second so that's what you're risking if you're going to trade while these guys are talking the problem is the last few days all they have been doing is talking so it's either you don't trade or you do trade and you accept the risk so that's what you have to understand if you're trading when they're talking I can have the best trade on I'm going to put on the best trade here it looks perfect we're at a great resistance area blah blah blah they say one thing that's bullish the thing will rip off the page so that's what you've got to decide and you've got to know when they're talking so I'm using this as financial juice it's the best one I've seen all this stuff is on my website too financial juice actually it is if you go to Tickstrike so on my website I would show this to you guys because that was a good question so go here everything I'm using is on here page of my website book map you get discounts Apex we'll go over that discounts you just pull CD50 as your coupon code and you get their 80% off they're doing that spot gamma you don't get discounts to that but you get discounts to the hero indicator there's another thing we'll talk about you get an extra week with this code Tickstrike if you click on here it'll be actually running right now let me get that going very important too but this is the same guy that runs the financial juice so I've got to put that banner on my website too I just forgot to do it but anyway and then Tickstrike and then TraderSync this is what I use to track my trades everybody should be using this is the problem I was having with Tickstrike but everyone should be using this type of tracking software this is the best one I've seen everything I'm using guys is the best I've seen I don't promote something if I'm not using it and it's not the best I've seen I have a lot of experience so I've seen it all if I'm using it you may want to pay attention to it and try it out so now we're just waiting to see which way so how I'm going to determine I've got to keep on top of this ATR until I get a trade it's down to 4.07 so I'll determine whether this is a bullish event look at my validation price if the spark can get up to 96.50 I will trade it as a bullish event if it gets down to 87.25 I'll trade it as a bearish event and then the other side can't touch first meaning so 87.25 which it looks like it's going to do that would be a bearish event but if the market ripped up to the 96.50 first it wouldn't be perished after that I can only take longs see what I'm saying what this is it's just hovering in the zone we'll go over it as this happens but it looks like this is going to be bearish am I shorting aggressively here? no because there's no inflection zone there's only a couple of reasons why and slugs the red lug or the blue lug those are where I trade aggressively where I don't wait for retests of the zone but this is none of those so if we're not near the red lug that's not aggressive I don't trade the Vweb standard deviations on their own as aggressive getting out of trades but the point is if I'm going to go short the setup I need the conservative entry what's the conservative entry? ATR which we said was that 87.25 retest failure then I'm going short and all those prices are in the spreadsheet and we'll watch that occur basically right now so we're watching that I am long crude it's really doing nothing I got in this pre-market I actually put on the wrong one to start so you want to roll if you're in crude you want to roll the July but I put on the June on accident but this was this volume event here turn this off that was the stop run and this was the this was actually an Izzy trade we'll go over that but I should be long in the barf too ATR retest failure but I got long the minute I broke out of here and again to my inflection zones that was into this zone here this zone was from a while ago a lot of stuff happened in this zone gap up directional conviction move down directional conviction selling tail and then where it's launched from yesterday so and this is also the top of this balance area for crude right so many times the markets break out here we go with the alerts I don't know where the alerts are when markets break out they'll retest the top of the balance then they'll go they'll sometimes even come to the high volume node then they'll go if it violates the high volume node they'll fail break out and those are some of the best ATRs like short trades or long trades on a fail breakout anyway I took this trade I had the volume event in an important zone so I didn't wait to get long I just got long I didn't wait for one of these I got long the minute I broke out of there but there's other setups now that I could put on that I haven't even put on the barf is obviously in play and you can see it keeps coming back to this volume event it's not coincidence right I already did it here once I could put the barf long on too but this is feeling like this is going to rip to the zone here especially with this liquidity below here so we'll keep an eye on that but I am long that and I'm long in July I put on June I got out of that and I'm long in July I got in at like 27 so it's really doing nothing right now we'll come back to that alright so this is an official bearer setup most recent let me change these colors just so it's not confusing Bruce if you have any questions let me know this is kind of slowing down a little bit talking nonstop for 45 minutes no questions so far no questions well really done much but alright so like I said we had our price I was going to make this a bearer setup 87 quarter so it's clearly got down 87 quarter it's actually back in this prior zone now so where we were for the way I trade for my areas aggressive short I may miss this trade I may not come back very likely it'll come back from my estimations from watching so many of these it's about 70% of the time it comes back to the zone what we don't know is it could go for ATRs before it comes back to the zone right it's usually one or two that's why we take advantage of that trade but what I'm saying is I may miss this trade but I'm okay with that because this is not in an area that I wanted to be aggressive and short if it does this if it does this then it does this I will short it and that's the conservative entry and that's the barf trade and that is just a pure barf blind ATR retest fail actually I have this backwards but so that is just what I'm trying to show when I've done this before I did it December of 2021 I did it the entire month showing this alone is an edge the volume events on their own are edges without anything else if you just traded these in a vacuum without looking at even looking at a chart all you look at is the volume events if you trade these wait for ATR retest failure ATR retest failure that alone is an edge right then you put your stop on the other side and ATR on the other side of the zone right so I'm going to prove that to my room which I already am and they're the barfs across the board like this one's down a little bit but this one's about even this one's doing well too so as a whole the barf trade is an edge by itself so you can imagine if you get the volume event and important areas then it's even better of an edge right this is like the marker profile those ties and lows I was talking about these are the these are the Ludwig levels this is actually trading to liquidity these are the Izzy's so you can imagine if this is an edge on its own they mix these even stronger right so that's what I'm showing and that's why we're doing these independent accounts right now so here we go this is the routine guys I mean I'm telling you this is just we laugh at it all day long because it happens in every market these algos just bring the market back so here's an example of the ATR trade the reversion trade that I'm not doing on these webinars I can't even do them on my room webinars because it's too I can't keep up with them but if I took the ATR along the one ATR along would have been an 87 80 so just again to give you a visual all right so one ATR would meaning this moves to 8750 I'm taking along my stop would have been 8275 obviously then get stopped out and all I'm playing for has a retest of the zone I'm out 9075 that's the trade right the two ATR you would have been filled I don't know if you would have been filled 84 yep look at that right well that's weird I wonder why we have these prices in here 84 the exact price two ATR you get in at 84 your risk to 79 you're out at 9075 because we've the reason this trade was born was actually I haven't gone on this right yet I was showing my room I did this for my room that is a requirement if you come to my room you have to have this tattoo to your forehead you have to get this tattoo to your forehead a real tattoo this is directly that's a joke this is directly from trading in the zone right we'll go over this I'll go on around on this today it's at some point but the point is we did exercise this is directly from his book my dog was trading the zone we did this this exercise I decided to do it because I kept you if you've been watching my webinars for the last four years I saw it being ice ice 153 watching my webinars for the last four years all I've ever said was it's on these markets retest the volume events at least 70% of the time from my estimations right my opinion from watching some of these then I said you know what why am I not taking advantage of that retest of the volume event and just for like more of a scalp type trade so then we decided okay this is going to be our exercise this is directly from his book pick any market that's liquid you can put it on three find the variables so the variables are size, setups, ATR and then you follow these steps and we figured out the computation and that's what the spreadsheet is doing for the retest of these zones and that's how that trade was born you could do that with anything you think is an edge this exercise get the book do the exercise do it for at least a couple months at least a month you want to probably do a couple months and figure out if there's an edge there if there is all that is is one of these one of these these are all different trading strategies AK playbooks there's the reversion trade right because that's how you become profitable traders and consistent traders you need rules you need playbooks you need rules you need to know you have an edge edge and then you trade off of it and you just keep putting them on it doesn't matter how you're feeling if it feels bad to you if it feels good to you and so on and so forth if you get your variables you put the trade on there you go with the ramp that is where he starts this whole thing talks about trading like a casino learn to trade an edge like a casino the purpose of this exercise is to convince yourself that trading is just a simple game of probabilities at the micro level the outcomes to individual edges use my drawer instead are independent occurrences and random at the macro level there are a series of trades that will produce consistent results you can be the casino if you have an edge a side indicator that genuinely helps put the odds of success in your favor you can think about trading in the appropriate manner this is what traders cannot do for some reason that's why 95% of them fail they cannot just accept it's like a casino and you're dealing the hands to the players you know mathematically the owners of casinos know in a year's time they will be profitable because the math just says they're going to be profitable the math is their edge based on how the game rules are set up my edge is the side indicators I know over a large series of trades I will be profitable when they're dealing blackjack they come in and they have a whale waxing for a million bucks do they shut down operations, close the casino say I'm done, I'm never doing this again do they start changing the rules of blackjack okay well let's try this today let's make the bust amount 24 or let's make it 18 today that doesn't happen right they don't change rules and that's what you guys are doing say you get off these webinars you're like oh I love that idea the next three trades are losers you're like screw that screw that, this stuff doesn't work that's just like a casino shutting down after they get waxed one night by their players if you have an edge you just keep putting them on putting them on, putting them on and eventually your P&L does that if you have an edge and I know this is an edge because I've been using it that's why you guys want to pay attention to what I'm doing then you can tailor it however you want to tailor but there is no stronger edge and I will put it up against anything out there any indicator any nonsense you guys are seeing on the internet against anything at any time I'll even have trading competitions to do it for a longer period of time I'm doing air quotes to gurus and not because I'm some I'm a good trader but I'm a good trader because of the information that I have you see the difference I was telling my room the other day I used to be completely gut trade that's how I made millions of dollars in the past just by watching this and I have very fast processing skills and I would judge aka gut which way to trade that doesn't work anymore my gut feeling now is probably 20% right literally and I'm not kidding you so that's why I was telling my room the other day I was right on this one I think it was Thursday I said this market feels like it's going to kill but then I warn them my gut is usually wrong that's why I have trading strategies with rules so I don't have to rely on gut I just take the trade as it presents itself aka casino so if you ask that you can make it as a trader and do this for money all right no questions I can't even take a break here I don't want anyone's liking your answer or anything there's a question or a comment in here um you're confident is why I watch you laughing out loud but why am I I don't mean to interrupt you but why am I confident because I was a million dollar trader that's in the past right this game is what have you done for me lately yeah I was a profitable trader I've seen a lot of market action but does that pay my bills now no right so when I tell you guys I was a million dollar trader so on and so forth I'm not standing behind a Lamborghini bragging I'm telling you the reason I tell you that is one you might want to listen to my view of the markets right but more importantly for you guys it should give you guys the confidence that I went from million dollar trader I made 15 million dollars in three years trading for my trading firm right then I went to then all of a sudden I couldn't make a dollar trading the scalping game disappeared the volatility in the algos it was done over right well did I just quit no traders they don't quit they're like I'll find another way well guess what it took me I spent seven years trying to find another way and guess what when you have living and your the incomes not coming in this is what happens to your net worth right so I went from that multimillionaire to that zero error right that's a word right so this should give you confidence so I was out of the game you guys all know my story I tell it a little more on these pro trader webinars because there's new traders there and they like to hear these stories because it can I'm telling you so when I started I was trading one lots right one lots that's how I started I built it up and made 15 million bucks that I obviously found an edge that disappeared and went back to zero then I literally spent seven years trying to reinvent my style this is before book map from 2007 to 2013 14 I tried just like you guys right or some of you guys let's try this indicator let's try this let's try this and I was at best at best average I couldn't make a living on it had to leave the business 2013 late 2013 I had to get into medical sales with my buddy and I had to go sit in a doctor's office and kiss ass all day long making sales because I had to support my family right fast forward four more years I was always watching the markets but I wasn't trading consistently because I had to be in doctor's offices Dr. Brett Steenbarger this man right here probably the most well known trading psychologist on the planet he sat behind me when I didn't make my millions and he wanted to know how I made my millions and what made me tick the book isn't all about me it's about what how elite what makes elite performers elite right so he wanted to see what I did sat behind me for a year I'm throughout this book and the entire afterward if you want to read my whole story right and this is when things were going great by the way so he calls me and says hey you may want to take a look at this new software that I saw it's called book map he's like this reminds me because remember he sat behind me for a full year this reminds me of how you used to trade how you used to view the order for all by the way shocker shocker here's the retest of the zone one ATR winner to ATR winner you're out we didn't put that on here I'm just giving you an example of what we're doing in my room so now by the way this is set up I'll go back into my story here in a second now I could take this short if it comes back so let's look at our short price make sure we are this ATR is accurate before I get filled this is 4.34 now now I can short as it comes back remember I was waiting for ATR retest failure 86 quarter so the one thing I will adjust here because I just know how powerful these volume events are I don't know if I've been mentioning this webinar you can see how this held this one I will not enter that short in the middle of the zone I'm going to sacrifice a few more points and get it out of the zone so I'm going to short 84 instead of 86 quarter usually follow the exact prices but if it's in a prior zone do yourself a favor and get it out of the zone before you enter I'm going to put that order in while we talk again on that showing my click trades not clicking on the order I'm telling you exactly what I'm doing though so it's all on this spreadsheet you'll hear if I get filled I'm putting on I can put on 9 micros based on this account so I'm only risking $500 based on remember don't be risking 10% on your real account but for this for these apex accounts I'm being more aggressive 9 I can put on 9 and I'm getting shorted not 86 quarter I'm moving it down a little bit I'm going to get shorted 84 so I get out of that zone that is going to be the bar setup trading setup one of the seven setups we're using I think it's seven if it comes back if it doesn't come back then I'm not short right this is a perfect example me not just jumping back in like we talked about earlier well if you want to be sure why don't you just get short when it comes back because it could just blow right through if it does this is this I know it has a much higher percentage of going down so that order is working so back to my story so then fast forward Dr. Brett 2017 calls me says check out this bookmap software it reminds me how you used to do the market start looking at it the minute I looked at this I knew I was back the minute I saw and this was even before this it was just this I'm like yeah that's just I got just with the bubbles and the liquidity and I just watched it for a few days and like I'm back this is it so then I started trading and I started then I started actually when I got back in the business I was going to just trade stocks because I was so jaded from being a multi-millionaire trading ES and I just didn't even want to look at futures anymore so I started trading stocks so I was trading stocks with great success just using the liquidity and the bubbles and some basic things like market profile that we've been looking at today then Bruce for four months kept talking about this SI indicator and the CME and BIO data and you can Google all this stuff yourself go here because people sometimes don't understand what I'm talking about CME and BIO data Google it all about the difference of this new data it's not new anymore it's been around for seven years now before you would just get market by price data okay and that would just show you so whatever software you're using right now if you do not have a rhythmic feed I think there might be one more that just came out recently but if you don't have a rhythmic feed these orders that you're seeing outside 10 levels are all fake it's not real they're in there but it's not real size the liquidity is not real with the MBO data you can see unlimited by the way so I didn't take short aggressively right through it so there's no volume on it anyway we'll get into the MBO data let's draw this first I'm jumping from topic to topic but it's enhanced it shows with 100% certainty that if you can read the data like the book map developers have their geniuses right the stop runs and the icebergs so we know exactly what's going on with the retail trader with the big money I said this is unbelievable I watched it for like a few weeks and then that's when I came up with my course that's on my website and the book map marketplace again I don't really show this stuff just because I get questions if you go here go to my store so this is my course this is what I'm talking about I know I'm coming out one of these days it'll be done but this is still very relevant it talks about the thresholds and the setups and everything else but these other ones this is the one I did it's a distinct setup like we're looking at a playbook today for stocks these two are done by my forer partner they're very good but I don't trade these methods but they're still very good I get a lot of good reviews on these two of the intricacies of trading like the NQ but you can combine that with this knowledge and you're even more powerful but anyway that's where you get my course and you can get on book map marketplace it's quickly too because there's new people on here so if you want all this information this is how you have to go about it I go through this with all the time so you got to get book map book map on my site you get the discount then you need to get the MBO bundle that's this this is what the SI indicator is driven this is the SI indicator you need to get this it's 134 bucks a month and before you guys start bitching oh my god there's more I can't take all these expenses I am all for cutting expenses but there are certain things that you need to spend the money on if you want to be successful and the SI indicator I don't know if I mentioned it is the most problem that I have ever seen you need to fork over the cash for that thing you can trade without it absolutely you can trade with nothing you can trade blindly if you want but if you want all the information I don't care how good of a trader you are if you're not using this information you don't have all the information but end of story you just don't and you're doing yourself a disservice if you're a profitable trader now I'll come back to that in a second let's draw this on real quick obviously this looks like a long set up already 95.50 to 95 let's put this in and you can see they're buying the bejesus out of these stocks again everything's okay with the world until the next bank default then the market will sell off and then bounce right back 95.50 to 95 you can get that stuff R is up to 4.53 alright now we have results the bearish set up it needs an edge 4.200 it has not got there yet meaning the bearish the sell is still in play potential sell but if this touches 4.200 the only thing that is valid is the bullish set I do know let's see is this easy real close not quite here yet get that 4.200 and get a stop run into this zone and I will short that aggressively with glee and on top of that guys I can look where we're at here this is so extended granted you need some sellers I don't know where the sellers are but this gets up here inflection zone you're real close this would even be better if we can get up here to a lug then we have the slug that's an aggressive short that's that major lugs whoops didn't want to do that then we have Izzy and there might be a barf there's a lot of stuff there's going to be a dad day here we'll go over dad day if that comes up but these are all different trucks I'll go over the crew in a second because I got to trail my stop to that new set up that's how I trail my stops I don't trail my stops based on what I don't want to give back I trail my stops based on what's happening in the market anyway I'm hoping this gets a couple of stops but as of right now this is not a bullish setup anyway I can still short this if it presents itself so quickly let's just get through this basic stuff you need to get yes then you need to get only data feed again there may have been one more I'm not sure Bruce knows better they may have added one maybe it's this right here I don't know but Rhythmic is the only data feed that has the MBO data that we went over that powers the map MBO data site indicator so if you get this, this is what you have to determine what you want so if you just trade ES and NQ which like I said you're doing yourself a disservice but all you need is CME, 39 bucks a month if you want to trade these other things which I highly recommend so you can be on taking advantage like we saw with that soybean trade I missed, the crew trade I've been in soybean is CBOT gold then you wouldn't get these individually you would just get the bundle that costs you 99 bucks and you get all these all the so these CME is the main exchange but these are the this is the umbrella of the CME you got to pay extra of course they find a way to charge you more but that's what that is right so that's what you need to have this information yes, it's an expense, it's the best expense that you're going to have in trading what I cut corners on are the stuff that can be cut corner like the starting, that's why you stick or swim it's free, you put money in the account and you can you have access to this even if you pull your money out or lose your money you still have access to the charting don't pay if you're paying for charting you're throwing away money like I said I used to pay $800 a month for a CQG like what was I doing? between that and TT I was paying $2,000 a month those are the kind of things for instance like do I need TT nowadays? no, I could trade right off this dome if I want to or the rhythmic don't the point is cut corners don't cut corners and the most important information you can possibly be using in your trading possibly be using your trading alright what was I getting at there? oh let's go over to Crudier real quick so whenever I was long here was a new setup so not only can I travel my stop to this new setup I can trade off of this new setup so you know what that was in June unfortunately I'm in that sucks as I'm trading July there's still events firing off it was a threshold barely threshold but you can see look at the difference in the volume here you don't want to be trading some brokers won't let you trade June right now you can see here most of the volume here is in 131,000 versus 36,000 so I'm not going to draw that down I need to see something in July as a matter of fact I'm going to close that and I'm not going to listen to those alerts anymore so I'm still on Crud but nothing to yet so when you close out this you got to come up to the main page and get rid of it too so I come here and now I'm going to get rid of that and it says do you want to subscribe yes I do my sweet saving trade that I missed sorry I interrupted you were you asking a question before there's a couple of questions okay so first off someone wants to know if you also sold a medical device to Brett Steenbarger why would I sell it to Brett because he's a doctor Brett? actually what I was selling was genetic testing I'm just kidding I made that up no one asked that you're not in the game anymore Bruce you're not even funny anymore you've got to get back on these webinars I'm out of training or I'm not sharp enough to catch this joke no there's a question here from Sozo I'm a new trader study many techniques I do not use ATR why do you incorporate ATR versus other techniques like FIB auction market theory, support and resistance etc I do use auction market theory I use market profile I do use support and resistance with levels and these volume amounts or the inflection zones this doesn't tell me the current volatility of the market ATR is telling you how volatile the market is right now that is really really really important that is the second most important thing you can be using besides the volume events, volume events of the real time volume that's happening right now in these markets this is telling you how volatile the market is so Sozo I'm trying to get through to you guys if you were using static stops right now it's not too crazy so if you're using 2.0 I can tell you probably half the people on this webinar whatever they're trading they have to see static I'm gonna digress 2.0 to make 6.0 in the S okay great that's a great risk return but this what is 2.0 points that's something important to you that is not important to the market this is what's important to the market this is what you have to adapt to not that the market doesn't care what you want to risk the market cares about the current volatility so you need to be risking based on the current volatility like last week or the Fed this was at 13 you're gonna risk 2.0 in the 13.0 ATR market good luck you are almost certainly gonna be stopped out just on the random rotations that are 13.0 points wide you're risking 2.0 it's not gonna happen you make it lucky once or twice but over your trading life you're not gonna make it I can tell you that I use ATR to judge how volatile the market is for instance let's see what natural gas did on the number so like look at this so natural gas before this number now look at the ATR on the bottom left there so there's different decimals here but that was basically saying it was rotating about 12 ticks every 5 minutes it was .0122 it's 12 ticks now look after the number went up to 19 kind of dissipated again here but it's almost double not double but yeah almost double so it was 12 and it's 19 it's almost 24 so I wouldn't be risking you know even if I had a static 10 ticks that I'd like to risk now you're at almost 20 ticks because of the volatility this adjusts you're adjusting to what the market is telling you to do not what you want to do that's the key I don't think I'm gonna look at Dow but we got this going on so this is now attempting to be another bearish setup I was really hoping we get one more stop running in those zones up there I really really wanted to short aggressively I could still short this but it has to be ATR retest like I was waiting for on the first event so this is 4.39 now so if this market needs to touch 9050 to make this a bearish event and then I wait I just this is not an aggressive area for me yet one more move up then I would be getting short the minute it broke out of the zone right now I'm waiting for 9050 which is the ATR a retest, a failure then I get in just outside of an ATR which is 90 so I force the market to push outside of an ATR I've learned this the hard way too so I used to wait I wait for an ATR retest and I get in like 50% of an ATR then I lose lose 90 then I finally figured out okay the best way to do this is if the market can push outside of the Algo, Algoville, ATR Snapbacks then it's got enough energy to keep going see what I'm saying that's why I forced it to get just outside of an ATR for my entry and I've learned this the hard way too that's what I'm trying to explain to you guys everything that I'm teaching you are lessons you don't have to learn the hard way you can just plug and play get in my room, watch my webinars I do this exact type of webinar twice a day, every day, exactly what I'm doing now it's not as basic as some of the stuff you're talking about but I go over this every day and then you learn and you can look at my webinar replays and learn you get the book map data feeds it's part of all my data feeds I have for two and a half years meaning you can go back you can replay the day in the book map so this is what this looks like actually this has been sitting in here for a couple of days because I was replaying a day let's see if this is still alive here so this is me replaying a day so you go in here by the way could you see all my prices on here when I'm showing my charts Bruce I forgot to even add I mean I'm seeing book map right now could you see the prices on the right though no you can't see my yeah no I can see yeah 41 okay because last week this monitor it was cut off I'm glad you're not already asked that but okay it doesn't matter at least you can see it so sorry that just hit me that you may not be able to see so anyway you just literally come in here when you start book map up it'll say trading mode replay mode you click replay mode you come in here open data file and you can see I can take any of these days and replay the day so this is how you it would in proficient at trading these markets right so it's just like anything else you say it every day you're going against the brightest minds on the planet if you think you can just sit down that one of the dangers of trading right someone could sit down and just put on a lucky trading get a winner get a winner like today just buy every time just keeps going up well obviously everyone knows that's not going to last right you need to work on your trading you don't step into a professional basketball game and think you're going to compete or step up to the plate if you're going to be on a basketball if you've never practiced practice you're talking about practice not a game practice that's Helen Iverson by the way this is what I do all day long this keeps me sane making jokes like that but anyway you need to work on your trading you can get this information replay the day stop it draw your zones say okay I get long here you can actually put on trades like they're not real obviously but you put them on it keeps track of your P&L this is incredible information anyway I've got two and a half years of that data get in there and you replay the days and you practice talking about practice not a game I forgot why I got on that rant alright so we still need to get down to 90 let's actually let's look at the relative screen what the relative volume looks like so this actually isn't too bad especially for lately you can see here this thing's been at least better than normal it's 100% that's normal so it's been decent so there's probably more moves coming not quite that kind of Nasx is pretty dead that's why we haven't heard any volume on that somewhere but you can see when it's like this under 100% then you get shot when it starts ripping up then you get extended moves because that means the big money is coming in alright so what do we need to see here 9050 I believe to make this a short setup 9050 so the ATR trade when we were talking about that to play for the snapback to the zone the one ATR would have been a 91 entry you wouldn't have been that long that yet either but anyway I'm waiting for a retest failure of this zone to go short and actually I had a short work earlier I got to cancel that which I was really good to do because that never materialized but now I'm going to go short this here comes the retest I didn't quite get an ATR on this one but I need to see so even if this did a retest failure I still can't go short I need to see the full ATR then a retest then a failure so now I just got to sit here and wait and be tortured what other questions Bruce I'm not sure this will show you guys it does not matter what you're trading as long as you know the thresholds of these markets I want to show you a little bit of market pulse to bring it off the webinar this was the stopper when we heard a little bit ago so the threshold in Dow YM is 100 meaning I will draw zones and trade off anything over 100 so once again take your bubbles off and where the price spiked corporate the prices in that spike question on Debra is asking about well first off about the spreadsheet template that's part of Scott's trading room if you want that he'll give you access you are in his room I'll put the link in again here you can scroll up and see the link here's my room just come to my website again like I'm showing you guys just go in here and here's your option and you get discounts off my courses too depending on which one you know here's a monthly quarterly yearly and then you get discounts to my mentoring and my courses if you decide to get the courses and if you're in my room when I release say you buy the original course which is still very very guys are still buying it right now and it's still very relevant active member of my trade room and you have the whole course you will get the new course for free when I release it should be I'm going to have it done in the next couple weeks have to Debra is asking why you're waiting for forty one ninety and a half could it be couldn't that be a rotation so I've I've learned how to trade these markets trade these areas that is the price point that is exactly one ATR away if you look at look at what prices 90-50 would be about a four point move right what's the ATR four points so the way I determine how I'm going to trade this setup is I force the market to get an ATR out of that area and that shows me it's got the strength at least pushing ATR that's a bearer setup the same with the bullish side so this is just what I've how I have learned from trading so many of these I mean and I'm talking thousands and thousands and thousands 150 to 100 that's how I've determined the best way I used to be you know when this first came out I'd be like okay here's a setup as soon as it breaks out of the zone I'm going to go short right and that's part of the original course that's the one thing that's not current because you've got it you've got to update your stuff like you've got to I can't think of the word but you have to start with an R you have to adapt you're always changing I'm not just changing things but I'm ready to adapt to you know if something's not working so I would just say I want to get short I would get short the minute it broke out of the zone I put my stop below there that could still work and it's really good risk reward but I just learn the best ways to determine what these are because you don't really know what they are until they can push out of here and for me that's the ATR if they can push an ATR out of here then it's like okay this market has enough gum shit to push an ATR out now if it goes pre-test then it can get outside the ATR then I'm ready to go see what I mean that's just from my personal experience of trading so many of these that's the best way to trade them like I told you at the beginning of the webinar that's the art if you want to say the minute you see that and you love the area you want to go short even in this zone be my guest you're going to learn the hard way that that's not probably the best way to do it is my opinion but you could and I tell my room all the time you guys may find a better way to trade these that's more exact please share your information I'm always willing to hear different aspects, different takes on this stuff but I just it's just from experience that's why I keep telling you guys if you're listening to me and here in my trade room you're bypassing half in a watch half in a watch, 14,000 of these to determine the best ways to trade them and here we go, there's your 90-50 this is a bearish enough now what I weigh for is that if this could just scream down now I potentially could have taken this short aggressively it was close enough to the zone and I've missed some trades this way because remember we're talking about zones this was real close I actually should have been a little aggressive here this was pretty close I just was being a little greedy I wanted to see one more move up by you know near the red log here you know what we'll do I'll put this I'll put this one on aggressively because I was close enough and I haven't put on a damn trade this entire webinar so I was looking at that thinking I just don't want to like script the rules and confuse people they're like well that wasn't at the zone why did you put that in that was real close so my entry should have been at 90 well I'm going to if that pops back to 90 I'll go short it's right it's here right now actually actually this is the easy trade I just put on the wrong trade put on the wrong account that's four one I just messed up on as usual can't believe I made a mistake that's not like me that's kidding alright so what I did there is the same thing greedy because I thought just the way this thing is trading because it doesn't go straight up I wanted to see one more push into this inflection zone I know this is a very important zone I showed this earlier this is where this has failed you can see here this actually was started way back here so you can see how important this zone is watch this I'll look at this this is why you want to keep track of these zones like these areas because they keep respecting them until they don't and then that gives you information too this was major selling tail that's what you call directional conviction right that is a 60 point plus straight down that's directional connection that's why that zone was drawn now let's see when it came back there that was in what was that August 2022 August 25th comes back up here in February how did it do not real good came up here directional conviction try it again that's what tails are never came back first test back I could have potentially drawn this down so this is the thing this is why these are areas I could have made this a wider zone and incorporated this is what I actually should have done if I would have went back and looked at this I should have made this a wider zone and been a very wide zone more happened over here as it progressed then you had tail tail tail directional conviction another tail that zone should have been actually there could have brought this down to there then this would definitely have been an issue so watch that's why I'm saying these are areas I'm just going to leave it right like it is because I want to show you what I did here or didn't do this is why I was like that's not quite at that zone but this is close enough I should have taken that trading this way I got lucky I got in this maybe I'm short aggressively and the reason this because it's almost in this is one of my trading setups called the Izzy AK playbooks Izzy inflection zone trade right there and I take it aggressively I don't wait for ATR retus failure because it may not come back to that area because it's so important as we've seen as I just showed you I am short I got lucky this popped back and gave me a chance to get in because I almost missed it so I'm short now where does my stop go on the spreadsheet make sure this is correct that's about right it's 4.32 so I got short at 90 right so I'm risking on this trade based on the ATR based on the zone based on the amount I want to risk I'm risking 10.5 points this doesn't matter this matters this this adjust with your volatility I knew I could put on actually only put on 9 I could have put on 10 so I could put on one more here hold on actually this is my live account that's only half size so I could put on 5 so this is telling me based on this volatility based on my rules for these zones I was in here my stop goes at 4,250 and what is that that's an ATR just outside of an ATR above this volume of that so what I'm forcing this market to do to prove me wrong and it's probably going to come up here just these markets and that's fine it was my decision to take this trade one you have this liquidity up here so you know that's going to get filled and guess what this comes back and stops me out there's very likely going to be another stopper and that'll be smack dab in that zone that'll be red lug I'll take that loss and then I'll get right back in that's trading remember we talked about you just keep taking the trade keep taking the trade if it's your setup you take the trade they take the trade it's probabilities so this may just do this it may come back and stop me out it doesn't matter this is one trade out of about 5 million in my life so I take it I got what I wanted to see if it stops me out I wait for my new new event and I get back in so anyway when I'm forcing this market to do in this instance I got an aggressively here's your volume of that and never got the ATR above there to disqualify it so I got short aggressively that was the easy trade so what I'm going to make this market do it's got to come all the way back more than an ATR it's got to get through the volume of that and it's got to push more than an ATR to stop me out for me to be wrong that's why I give it that it's a room and I you know based on my experience it's got the opportunity to move multiples out of this area and that's what I trade for and then one time not then what I do and this is more subjective everything I've shown you so far is very systematic you don't have to do really any thinking you just put your stuff in and you follow the rules getting out position trading so the version trade is systematic getting out too I showed you this you get in there you're out at the zone you're done this you have to decide these could be your own areas too these are my areas back to the trading zone document that you should have tattooed to your forehead you're part of my room they've got to be so sick of seeing this going to show this every single webinar I pay myself as the market makes money available to me all these different areas I will piece out that's why I want to have multiple contracts on that's why doing yourself a disservice doing one big E-mini S&P versus ten micros if you're in one you're in or out it's all or nothing if you have ten on you get out of two here, two here, three here and these are the areas where I'll get out led with levels very important market profile composite highs of those POSC as we've talked about the market profile stream standard deviations we talked about those that's when the market these algos snap it back it's about gamma levels we'll look at those struggle to get through heavy liquid air and it can push through I'll get out of some important predefined zone based on candle structure these are the inflection zones I've been talking about this entire webinar or an opposing setup so all these up until the opposing setup I will piece out of some of my entry if I get an opposing setup I'm out of everything so for instance this short I'm in I got an aggressively so we start moving down say we hit one of these say we hit a market profile high I'll get out of like three we hit VWAP that's confluent with something else I'll get out of two five on I'll hold those I'm trying to get to the red lug red lug I'm out of everything but opposing one but if we get a opposing volume event and it turns bullish I'm out of the whole tree so that gives me an opportunity to catch big moves works so what else do I have going here well look I'm almost certain this is going to get stopped out just because the way this market is trading the way the liquidity here but do you see in my trading do you see in this inflection zone description do you see anything about I feel something don't put the trade on actually it doesn't have the descriptions in here my trading gets descriptions but I'm just telling you right now I don't have in my description unless I feel scared or sad or unless there's liquidity above I don't take that trade right I'm aware of that but this is following your rules and following your trade strategies that's just like again the casino when a guy comes in to the dealers the pit bosses look at the guy I'm like wow this guy looks really scary this guy looks like he's going to wax us let's go ahead shut down the game let's not let's not take any of his let's not deal cards to him right so the point is they don't change their minds they go with the math so I put this trade on does it feel good no but I told you a little bit ago my feeling is about 20% right nowadays so my rules word to take this trade I took it would I be surprised if it got up here and made one more run of the liquidity absolutely not but that's not part of my trade plan so hopefully your understanding I just put it on if it loses there'll be another one right around the corner I put that one on over the long run this is what your piano will look like if you have an edge I really hope that has been like the main theme today I hope that I'm getting through to you guys you start to look at your trading differently because that's how you have to view it or you will drive yourself crazy and you're never going to be consistent ever hopefully I'd answer that question any other questions Bruce yeah just Hector has been asking exactly what you just covered so Hector I think that you know listen again and I've been saying the same thing you have to have an edge you have to prove it to yourself you have an edge so obviously Scott has his very specific setups he's studied them he knows they offer an edge and he's trading them he said that his his gut he doesn't really rely on so that should answer the questions for you other than that I think that's it Scott right and then the other thing too is you know we've talked about like thesis coming up with an idea of what the market is doing so I'm a day trader so I don't care the real-time volumes setups are key so I will trade both ways even if I have a for instance like in Q like I told you in the beginning of the webinar this market did not look bearish at all now we're actually in an easy one so the minute we get a volume event in here I'm short with both hands but anyway and this is so extended now I'm not going to be short this thing at all over here when it's just breaking out of balance areas yeah I'm afraid the point is I could be extremely bullish of this market it doesn't mean I'm not going to take short trades if the volume volume areas of the volume setters present themselves to be bearish like we've talked about this whole webinar what you can do this is back to your risk stuff right if you have so for instance well every bullish setup I get on the SI indicator I can trade bigger size you don't want to be risking normal risk could be about 2% of your account size you should only be risking 6% in the day of your account size if you hit 6% you should be done but certain situations so say I'm really bullish this market and I get a bullish setup I could trade 4% I could trade 6% if I want you can bet your whole day on one trade if you love it I'm okay with that but if you're wrong you got to shut down for the day to see the difference so technically if you're putting on 2% you get 3 shots for the day you can make it even less make it 1% and then you get 6 shots in the day see what I'm saying but if you're willing to trade bigger which I would be on the bullish setups well then I can trade 4% so that's how you take advantage of your thesis aligning with what you're seeing in real-time life so that's what I do just a quick example like yesterday like I'm I think bonds I thought bonds I still think bonds are going to get smoked right just like they're doing you know again quickly there was a fail break out there and a breakdown of this balance it was sitting here we actually had a bullish setup at the end of the day yesterday like in my webinar right at the end of the day and it was an ATR retest failure barf trade and I was like I'm not putting this on and holding it out overnight because I have a bearish view of these markets well I didn't take that trade because of my thesis so you see how you can but if it was a bearish point of view or bearish setup I should say I would have taken it and I would have held it over held it overnight because of my thesis aligned with the real-time life so you see how I'll trade both ways but when in alliance with the other way I'll either trade bigger or hold it overnight so on and so forth this isn't an easy zone too if we get a volume setup there I'll take that long other than that the only thing I didn't really touch on here and I highly highly highly recommend you guys use this if you're learning if you're struggling there's no reason you know if you come into my room and you're trying to understand stuff there's no reason to be using trading your own money these things are coming out of the woodwork now once again everything I talk about I use personally and this is what I put my name on this is the Apex you can come in here you can trade these different size accounts and they pay they've paid out 20 million bucks I've been with them for over a year use the code Pulsini50 on here if you want to do the 80% off of here but you can do any of these most of mine are the 150 if you click on my side there's the code and it goes for any sale they have you use this it doesn't matter if it's an 80% 90% sale Pulsini50 works but get one of these and use this to practice this is what's great about these because there's so many traders that can't practice in sin mode they're like it's just not the same I don't care I put on a trade and it moves against me I just put on I just short more and more and more until it comes back that's not real trading this you at least have some skin in the game it's a very small fraction of what you would lose if you're wrong trading real real money or real contract or you know big size contracts or whatever you can trade big size contract but I'm meeting real money point is get in here get one of these and practice and get good at it the thing is if you blow out the account big deal you just got to reset fees like 80 bucks to get to reset it to start over and if you do well now you're funded now you have an actual account the only thing I don't like about these it's misleading they say you have a hundred fifty thousand dollar account it's not a hundred fifty thousand dollar account it's a five thousand dollar account because that's all you can lose right so the goal of these things like for instance this one you got to make nine grand before you lose five if you do if you make nine grand before you lose five and it's a trailing five so you can be at this happened to me a couple times when I first started this I was up like seven grand I gave back five so I was still up two K blew out of blew out of the account because I had the trailing stop that's what makes it difficult when you're doing the the trial thing but if you do well you make nine grand now you have a funded account now you have a five thousand dollar account you can trade you have to trade five thousand dollars your own money it's a no brainer to me for how for what you can and it teaches you discipline too because you gotta follow the rules and not have the drawdowns and so on and so forth so that's when I'm talking about Apex so I like it so much I just started decided to help us with these trading strategies to get these things figure out and that's all part of this you can see in this dashboard that's all these things all these portfolios I can keep exact stats on everything that I'm doing here with these Apex accounts so each one of these has designated Apex account that I'm trading some of them have blown out some of them this one's live this is what I was talking about so I blew it out the first time did it again qualified got the live account this one's live a couple of these are this one's close to being live so these will all be live eventually but guys if it's an edge it's not gonna be sometimes you'll get lucky and get a straight shot but it'll be one of these right so that's what I'm doing with those but I highly recommend that we didn't really touch on that other than that I showed you guys how to get the book map and what you need to do it here comes your retest of this oh by the way I took this aggressively but here we go it's coming back which I expect that's another thing if you understand how these markets work and how they come back to the vine areas even if you shorted you mirrored me what you shouldn't be doing you should be doing your own stuff but if you mirrored and got short with me I'm panicking because I just told you it's about 70% or more that it's gonna retest its own so don't panic out of rotations when there's nothing going on these are algos now taking their money of all these guys that get short and then panic out of their trade force these markets to get above the volume event to stop you out other than that I'm expecting that and if that does happen then I could put the barf trade on too that's the blind ATR retest failure I don't have two strategies on see how that works all right I'm out of gas any other questions Bruce? if not I'm done at least we got one trade on for right now you there? yeah sorry one more question here when using ATR do you stick to a specific time frame or length example a daily ATR if you're a longer term trader say a lot of people have to work right they have our normal jobs and they can only put on trades for the long term you can use this in the same way wait for your volume events and then you can just plug in an hourly ATR type of thing right you better be thinking that the market can move multiples right so if I plugged in this hourly ATR well that's 13 points so you gotta be saying okay I love this trade up here I'm gonna use the hourly ATR I think we can get at least down at least 20 points down from here to the zone that kind of thinking but the way I use the ATR I will keep adjusting it once you see me do this webinar I keep changing and changing and changing once I get filled these prices are set in stone as far as my stops because I've been burned by I've been burned by so the ATR is like 4.39 and I'll say I got in that trade my stops up there and then the shrinks this goes down to like 3 well then I'll be like well why would I risk all the way up here I'm gonna shrink that down down to a 3 ATR and move my stop down move the price down and then it'll go so once I will keep changing that until I'm filled once I'm filled then these all obviously there's the fill but my stop stays where it's at so if this shrinks right now I'm not gonna bring this stop in and that's the only thing that I keep static other than that I keep changing it and these values will keep changing like I said if this thing someone comes out and says something this changes it changes to a 13 right well now all my prices change and I trade off of that I'm trying to new trade so that's how I trade with the ATR hopefully that answers your question but like I said guys I do this every day twice a day in my trade room exactly what you're looking at in a trade room it's very active there's a lot of very very capable traders in there that have been in there for a long time that are you know they post all their stuff just here quickly pop off they're posting charts they're posting setups like all this stuff like this is all helpful this helps me I get sidetracked I wish someone would have told me about this yesterday but it's not their responsibility you can see guys they're putting in examples all day long in here so if you have a group of collective traders that know what they're doing and if you don't know what you're doing you will eventually you can ask questions in here it's now I answer them but they answer them you can see when there's setups and you can learn in a community and that's what this is it's kind of just like the book map discord so that's what you get from my room alright Bruce that's all I got alright that was a lot but yeah no thanks Scott excellent webinar pro trader webinar and it'll be part of the series here and yeah let's let's wrap it up we'll call it a and I think we answered all the questions for everybody so yeah thanks again Scott awesome thanks for having me I do these every Thursday in here too these ones are free so keep getting used to the stuff come back and watch and you're going to learn a lot on how what really makes market moves and that's this stuff it's not lines on a chart it is real time buying alright thanks for having me Bruce I'll see you next week bye bye