 All right, good morning. You guys hear me in YouTube land? Please text and let me know if you can hear me so we can get started. 500 down, zero spot, three percent. NASDAQ down, zero spot, zero nine percent. And the Dow down, zero spot, one nine percent. Can anyone hear me? You're two. Someone type in the chat, you can hear me. I greatly appreciate it. That's all I'm saying. Sure, you can hear me. Thanks for the participation. Thank you. I just saw that. I gotta realize it's a little too late on YouTube. That's why no one responds when I'm talking live because it's too late. I'll be back in a minute and a half to this disclaimer. Risk disclosure statement. There was a risk of loss in training stocks, EES, commodity futures, derivatives, options, foreign secret democracies. This risk can be substantial and therefore investors should heavily consider financial stability prior to trading. Past performance is not indicative of future performance. 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This trading luminous webinars are not intended to mirror my trades or to give specific trading recommendations. You know, since I share a trade and I'm taking myself based on my personal analysis, with all of the sorts of trading that's extremely risky, you can decide if all my personal trades are used on your own best and potentially your entire account and even more. And that is profitable when I have routine drawdowns on my trading outcomes. The spreadsheet you have access to is my personal spreadsheet and I use that as my zone values and make your hour values that will be the exact prices for my trades. You can see when I add my zone prices into my spreadsheet as well as the prices that I trade with you might go longer or short. You have the ability to account for the spreadsheet and enter your own values and use my lines to confirm the zone prices and consider any of the zones correctly yourself. The spreadsheet is not telling you which fashion trades and asset prices and market actually sold off a little yesterday. It was quite shocking. Anyway, got some major bias hitting this NASDAQ. So, you know, threshold that I trade off of off this Stop Iceberg subcharges. MCY Seisberg by NQ 166 Compress. It's 150 and you can see this area. You had close to 600 there. You had another 400 here. So that's already a thousand and then you have another close to 300. So you got 1,300 bias in this area. That is very, very important information. So this is the whole idea of the whole reason we use this. This is the activity that drives markets. Somebody is selling this right now and somebody big is absorbing all of these sell orders. So somebody is going to be right out of here. Somebody is going to be wrong and we're going to hopefully take advantage of it. That's the whole idea behind using this information, which is the most powerful information that I have ever seen in my futures career, trading career. And it's all about applying this information in important areas, right? So I have my important areas that I use. You may have different important areas, but if you can confirm those areas with real-time activity, then you have yourself an edge as long as you know how to trade the area and the activity. So I'm going to incorporate all of this, obviously. You could try to narrow it down and go to the most recent volume event. That's the rule of thumb is to trade the most recent volume event, but I mean this is all basically condensed. If I can find the damn... I can't find the thing to drag this on down. I just have to delete it. But you know, most of the stuff I do is black and white with these areas and my spreadsheet and everything else, but there's times that you got to decide, hey, am I going to make this one, one, you know, just trade off of this zone for instance, or make this one big zone. I just want to get all this one area because there are some loaded up traders. This is another, this is also this, like I was talking about an important area. This is an inflection zone, so I draw these every day for my trade room and for me, obviously, to trade off of. You can see this zone was important, so we gap down overnight, bounced off of this zone and we're right back here where this market gap down, where I built a little balance yesterday and it was in this prior zone here. So this zone was important. Bunch of different reasons at the bottom of that balance area and then a lot of stuff happened here, directional conviction, I mean, not directional conviction, a little bit, but buying tail, buying tail, gap up, which is directional conviction. We ripped out, we're through yesterday, kind of hung in it and built balance here and gap down again. So this isn't, this is a very important area. So this is what I'm talking about. I know this is an important area going into the morning and then when I get the volume event, if it follows, especially if it follows my thesis, I'll trade bigger size, but I'll trade either way in these inflection zones, but they're usually fade trades, right? So they're moves into the zone and I fade it, kind of like this one down here. This one, there was a setup down there, but it wasn't a bullish, so I didn't take that one, but this one's definitely potential trade and there's some whopper ice in here so you can expect this thing gets motor and you should have a big move out of here. So, enough of that chirping, let's get the zone in and we'll figure out where we can trade this. 1544250 is the top of the zone and 2350 is the bottom of the zone. So it's quite a large zone, but I've incorporated, you know, like I said, 1300 ice in there. 1300 trader, trap traders, potentially. 15, I forgot my zone, as usual, struggle one. Hold on, 42350, let's put the bottom in first before I forget that one. For this zone is, and then the other important thing that we look at, I look at is the ATR. They have a true range, I use a 5 minute ATR of 14 period Wilders. It's ATR, it's default on thinkorswim. You can get this setup on any platform. So it's just a 14 period, 5 minutes, so it's just telling me the current volatility. So you can see right there below the chart. It's telling me this market is rotating about 25 points every 5 minutes. Very important information to have. All right, so this is a nizzy zone, so I will short this aggressively out of here. We'll talk about my different types of entries. I can short at 39450, and I can put on 4. So I'm going to set that up now, and I have different trading accounts, Apex accounts set up for my individual strategies that I take. Let me get this in real quick. So this is a nizzy. So you can see here, these are my different trading strategies. I'm going to be adding many more. We're just, these are the initial ones that we put up. I've got about, you know, 300 in my brain that I've always traded, but I started putting these on paper for my trade room. And so, and then I assign, you know, Apex accounts to each, each strategy. So number 68 is nizzy. So I will short 9450. I'll put that as working for the aggressive entry. Let's see, what we got going here. So this is the usual, ATR retest it looks like. Let's see what the full ATR was. 98 quarter. So we have a trade in my room as well. It's more of a short-term scalping trade, because I know you guys love scalping against, it's really fun against Algos, not, but this has actually helped you. I mean, you can compete with this type of strategy. This one is, you know, for the five-plus years I've been doing these webinars for Bookmap. I've always said you get the volume event and it's uncanny how often the market will retest that volume event. I say it's 70-plus percent of time, just my personal observations. But, you know, you never know how far will it go before it retests that. So we have a strategy where we'll take the one ATR back to the zone, the two ATR back to the zone. So all these, all these prices populate when you plug in the zone and the ATR. So this is my spreadsheet that you get when you come into my room. You get access to this. I'm going to have a, it was supposed to be done this week. I'm working with a, you can see this. I'm working with this guy at Upwork. He's in India. He's been helping me build the website for the ATR version. So, you know, a lot of people can't get in the trade room. They have normal jobs and want to access this spreadsheet. So it'll be more of a subscription-based type of thing. That should be up and running. And then I'll also have these inflection zone charts. That'll be part of the website, too. So if, you know, in my trade room here, I post these every day. These are the inflection zones that I was talking about. People over here, each one of these, I post, you know, and then you can pull these up. This'll be on the website. I don't know why this isn't populating. There you go. But then you can pull up these numbers and then, you know, draw your zones where my zones are. I mean, you can draw these yourself once you understand what you're doing, but it's just a quick way to get these important areas because they are ridiculously important in incredible trading areas, especially when you get your volume events, and that's what we're about to trade here off of this bias. So, now this isn't actually a broken-eye setup, so I have six distinct setups that I trade off of. That's part of my SI indicator course. I'll speak in which. Let me, let me get this, I'll put this on YouTube here. So that's the link to all my, everything I'm using here. Discounts to everything. And we'll go over some of the stuff and there's that. And I'll put it in Discord as well. I don't know if anyone's on Discord and seeing. Yeah, there it is. So I'll put that in the chat in Discord as well. Look at some other stuff that we look at. Let me just see where we're at here. So, NSX basically is hovering around Vweb right now. So, we come up with a thesis every day and try to come up with a thesis of what's going on in the market. Basically an opinion. And then the way I trade it is, you know, I'm a day trader. I'll take long as inshorts depending on the volume events. Those are king. But if I get a, if I get a thesis, say I'm short. So for instance, this market profile has given me the thesis of short right now where it tried to break out of this, this prior market profile composite and it's kind of failing and it's back inside. And then I want to see what it does here too. But this is, this is showing me more of a bearish tendency and the thesis for, this stuff is this market gap down from this balance area yesterday. All I did is just show this, this gap down came back retested and it's starting to fail again. So, my thesis is bearish. So I can trade the way I do it is if I get my thesis lined up with the real-time volume events, if it's lined up then I'll trade bigger. So I actually said I was going to trade four here. I'm going to actually up it to eight. Actually, we'll make it seven because that will be double size there. So, the order is still waiting. Those short, I had 9450, the one thing you got there when you have the spreadsheet is continually update your ATR until you get filled because it does change. Right now it's not really doing much. So you get 94 to change a quarter or actually two ticks. So I'll short at 94. This is also a potential barf setup. So I'm trading. You can see I'll go guy. We'll get into this. I'll go guy. This is exponential moving average. This is crossed and it's bearish. So I can trade out the barf trade. That is this strategy. So it's basically any volume event that occurs no matter where we're at in the chart. I take if the market is able to go in ATR, which it did, the retest, which it did, when it comes back, I go short. That's just called the barf. It's blind ATR retest failure. That's this. That's this one here. You can see it's an ATR retest fail trade. So you see two different trades I'm about to take. One was aggressive the minute it broke out of there. I actually missed that trade. I should already be short. I just missed it because I was getting set up with a webinar. So that means the first break out of the zone I should have been short. Granted, I would save myself some torture here, but that was just a mistake. I could easily miss this trade and head it down here because you guys would already hear me complaining for the day. See what was this? Hold on a second. This was prior. This was an event earlier today. We'll keep that there for now. I don't want to confuse people, but we're trading off for this event. Anyway, I could put on barf because it did the ATR retest failure. I should already be short the Izzy, but if it comes back, I'll be short Izzy and barf, and I think this is a liquidity trade, as well. So these are all distinct trades. I don't see any major resting liquidity. See the one issue with entering this trade, I'm probably going to get tortured here once I enter. So it's a 94. Well, that's right into the zone. So it's very likely to bounce off this prior volume event. That was this right at the open. So I'm okay with that. I mean, you could if you want to really be safe. I mean, you got to move your thing down 25, 30 points where you're entering outside of this zone because so many times the market will bounce off these prior events. There's literally areas where say I got short up here, I would get out of some of them at this prior event. I hate entering right at it or I try not to enter in it, but we're basically getting in right here and seven points lowers the zone. So I fully expect to get tortured on this short. If I put it on, like I said, you could say I'm not shorting in front of zones. I'll go under the zone, which is what I usually do, but it's just, it's too much. I just got to bite the bullet. Right. If it was like five points, 10 points, I'd be like, yeah, I don't want to enter here. I'm going to move it down to here to get in. But this is, you know, again, 30 plus points. I'm not going to just bite the bullet. If it bounces off that zone. So I got to get that barf trade in. It's going to be a seven one as well. And that is number 69. All right. So those are working. So again, I'm going to short that if it comes back down there. We will judge and get my texture going. Get some torture. All right. As far as the essence, we're on here. I actually got to draw this. I didn't, I got to draw this zone. This is where this gap down as well. But you can see it bounced off this zone. This is where we gapped up. This was a balance area. This is a bigger balance area. This was just a bigger zone. High volume known. Bounced right off of that. I'm just going to show you. I mean, these zones are ridiculous. They're ridiculous in their own right. You can imagine when you get volume events in there. Right. So that's why we have. That's why I use it. Anyway, this is a return to this zone. This zone wasn't anything that important. It was a selling tail directional conviction. And then it kind of launched from here. But let's see if it, you know, and with these zones is with anything in trading. If, you know, if we keep doing that, then I'm going to delete that zone. It's obviously not important. Right. We want inflection zone the way I should do this right now. Which I think we're going to. I just filled on that Nasdaq trade. You could make this a zone with this buying tail and where this market cap down from. We'll see if it even makes it up there. All right. So I'm short. Now let's watch the market bounce off the zone and get tortured for probably 40 minutes. You know, if it rips right through the zone, that's telling you something as well. I'm not expecting that. You know, I am expecting to move lower because of the, this volume event is a bearish volume event. It's called broken ice. It's very technical. I know. Icebergs tried to hold the market up. 1,300 of them. They're not doing too well right now. So that's what I'm playing for. But I fully expect this to be tortured fast for a little bit. It would help if they can start hammering these Fang stocks. That would help push this through here. But we'll see. And then the other thing you want to keep eye on and this new indicator is market pulse. I haven't turned off right now because they haven't. I got to tap, toggle it on and off because it's on the sub chart and there's just too much on it here for me. That's actually the short term one. So this one's based on an hour. Very important information. So you're getting, you can turn this on and get the volume. We'll put it on. I might have to turn it off. It gets a little annoying, especially with the tick strike. So this is basically, this stuff is tick strike on steroids. I still like tick strike because they have the stocks and BookMap will eventually have the stocks as well, the Fang stuff. I'm using both right now. But what I love about market pulse is it shows you these areas where traders were aggressive. As you can see here, this is these aggressive sellers. And I have this set. My settings for the market pulse are right here. So this is showing me, you can put this whatever you want. It's called the training period. So if you go over here and so I have my longer term one at an hour. And then you can see it. You check. There's four different options. You can just Google the stuff. Go to BookMap Wiki and I'll explain all these different options for you. But I'm using buying pressure and balance. And then I check that and that's what shows up in the sub chart. So it's showing me my training period is basically how long. You can go all the way for the last day. You can go down to one minute. I may have mine at an hour. I think that's a sweet spot because I want to know what's the most buying and selling in the last hour. Aggressiveness. So you can see these sellers were really, really aggressive up here with market orders. That's what triggered the ice. But as of right now, they look like they're winning. And shocker, shocker, this is struggling in the zone like I thought. But the point is, a lot of times you'll get these events happening in here and without volume events and we have actually just snaked that come up with a few already. There's going to be a course on this here soon. Patterns that you can trade off at the market post. It's really incredible and they just came out I guess with a web version and you don't need TME and BO data for this either. I highly recommend you get the TME and BO data because you won't get the SI subchart and this is the king, the driver of all my trading is this information. But this information is good to know too. Now this is more fleeting in short term though, right? Like if I'm taking scalp trades off of this stuff, I'm not looking for bigger moves. When I see stuff like this, I'm expecting a whopper move because there's a lot of traders that are loaded up in here and somebody's going to be right, somebody's going to be wrong and that's what we're taking advantage of. But market post is the next best thing. It's incredible. I've watched it for a couple of months now and there will be set ups course coming out for that. As soon as I get my other course out it should be up in the next few days. All right. It's pretty quiet though. Let's see. So I am short there. Now I got to put my stop in as well. I forgot to put my stop in and that's where I was going to get burned. So I shorted it at 94, it stops at 72. So you can see here I'm risking 78 points on this trade. People are like, what the hell 78 points? I don't want to risk 78 points. Guys, it doesn't, you don't change, you don't impose your will on the market on what you want to risk. I'm risking 78 points based on the zone, size of the zone, the width of the zone, price wise and volatility. So it could be, if ATR was 10, I'd be risking 42 points. Well, what it changes. I don't care if I'm risking 42 points or 142 points, I just change my size. I don't impose my will. I don't even want to know how many of you out there are, I know there's a ton of you because I always get emails. I like your style but I don't like how you have to risk, you're risking 78 points in the Nasdaq. I like to put Nasdaq trades on and risk 20 points to make 40. Great. But guess what? You want to lose 20 points. That's what you want to lose. That has nothing to do with what's going on in the market. The minute you can grasp that, you're going to do much better as a trader. The market doesn't care. You only want to lose 20 points. Market cares about this stuff and volatility. So when I put trades on, I force the market to come all the way back. The ATR or whatever, however far it goes below there, but I want to see, it has to plow through that volume of that and get an ATR outside that volume for me to be wrong. And why do I do that? Because you're competing against these algos that when nothing's going on, like right now, you're going to get whipsaw. So how many traders are in this trade that mirrored my trade here that are like, oh, yeah, I got 17 points on this trade. I'm going to move my stop down to right here. Well, guess what? You've got about a 99.99% chance of getting stopped out. Right? Just on random rotations. Algo, Algoville, get your stops outside of important areas and stop trying to, you know, with the yes, I like risking two points. It's like, please stop doing that. That is number one. I mean, I do this rant every day, every webinar, but it's the most important thing you can be doing. We're not doing. So there's market pulse right there. So I'm going to show you something here where I can peel out of some of these because this is, you know, it's not a huge profit, but it's decent. 20, 24 points, 25 points in this trade. ATR is 25 points. So that's not a bad trade. Actually, this is the five minute one. Let's see what the five minute one looks like. So you can see the selling there. So what you can do is if you see, you know, say you're short and then you see these sellers getting aggressive and it doesn't move lower, I don't, I don't look for it. Again, I have distinct patterns for these, but I want to see, so here's the market pulse area that just fired off, right? So if this market doesn't respond lower, and what the pattern is, it's just like these volume events, it'll move away a little bit. I don't have a set amount of points that it moves away, but you'll notice once you watch this enough and move away, if it comes back, then when it, so it sets that first high, moves away, retest that area. The minute it makes the new high, you know, that's the trade where you can play with the market pulse. But you can use this to peel out of some of your trade. So I'm going to do that here. You know, this is a longer-term trade-on based on the SI event, but I can get out of some and or add to this based on what it does off of this selling. Granted, this is just the five-minute one. I like the hourly one, and you can see the hourly is not really doing much. As far as this is telling me, this is the most selling in the last five minutes. It's important. It's not as important as the hourly, right? Hourly, this is barely a blip. You can see it was only 26% of the most volume, or selling. So what I could do is try to add to this. Again, this is the five-minute. I don't really want to... Actually, I won't do that because I don't want to trade off the five-minute. I just like to know what's going on with that, but what this will probably do is come back here, test, and if it's truly bearish, continuing to be bearish, the minute it gets below that last low, you can short it and your stop goes right above where this came in. That's just a market pulse short-term scalp trade. All right, we got almost 40 points in this, and I made a huge mistake the other day. I had a... Right when I open my mouth, it pops. Hold on a second. I'm just trying to sign. I just don't need... Someone just swiped and your market pulse go off. I'm going to get out of just like... I got seven on. I'm going to get out of two right here. I got... because I tried to double size anyway. All right, so I got out of two... Hold on a second. What's the natural gas number? So I had out to 68. Hold on a second. So I still got five on, and I'm okay with getting out of a couple here. If I was trading this on my own, I would wait. I got out when I saw these swipes here. I just got out of a couple because I was already thinking about getting out of some of here. I just can't... We're going to be on other markets, and I'm a little shell shocked from the other day. I caught an awesome short in my room. What was that? I caught an awesome short in my room that I do every morning, and it came down. I was trying... It was at the bottom of a market profile. The bottom of Martin. That's one of the areas I get out. It was like at 20, the last two digits, right? And it got down to 27, and about 1,000 by ice came in, and I was trying to milk out another seven points, and the thing turns around and rips 70 points on me, and I actually took a loss on the trade. So it's like, you know, especially in this market environment, you got a judge too based on the market environment. Do you think this is going to keep going, or do you think it's going to... Hopefully this guy's not talking to my room. Or is it going to do the normal bungee jumping? You can see this is already bungee jumping. So I got out of a couple. Other than that, I get out at important areas. So what are my important areas? Well, definitely the lug. So if this gets down to the lug, these are Ludwig levels, check the sheet. That's here at 2450. I will be watching and I will probably be out of all of them, right? That's going to also look like it's confluent with a market profile. That's right here. Let's see what this is. So it's right at the bottom of this as well. This profile, I'm sure, has something to do with that. She doesn't, obviously, her formula is proprietary, but it's absolutely ridiculous. This is the second strongest thing I've ever seen in trading. Are the Ludwig levels. Anyway, let's see what happens here. You know, I got to have a couple. I'm not going to be surprised if this does that, because that's what it always does for the last six months. So that's why I wanted to get out of a couple there, because as I'm showing you guys this stuff, I may be missing areas to get out and I don't want to, but you can see this is, I don't want to hold this and watch this come all the way back. With that bounce off of, I actually should have got out of it a little more if I was looking at this. This is an area that I get out. Point of control of this market profile composite. Point of control is just where the most trade occurred in that composite. And you can see it is meaningful. This is where this will launch from on this day. So I should have been out of more than two there. I'm glad I got out of a couple. But you can see here. So, you know, I don't just randomly pick places as the market's going, I think I should get out of here. This looks like a good place. I have distinct places where I will cover some if the market can't push through. Again, I missed that point of control. I would have been on a path of them, because especially how the market reacted to it before. But right here at number five, I pay myself as the money makes money available to me. The Ludwig levels is number one. Market profile composites, highs, lows, points of controls. That's where I just got out of some. I got lucky. That's not why I got out of there. Those two. But again, I wanted to get out. I should have gotten out of more. And then these are all the reasons I get out. So I don't sit there and like just randomly get out of places. I have these all set. So, you know, when I'm position trading, it's more subjective. Meaning, you know, the reversion trade here, where we're playing, I was showing you guys that this one already worked. The reversion trade is to, you know, plan for a move back to the volume event. Well, these are all set in stone. Like this is like your own outfit, right? You're getting in on that last one. You're in it 450. Your stop says 6975. You're out at 21. So you're basically playing for that. There's no subjectiveness in this at all. The position trading, that's this part of the spreadsheet. And here are my trading strategies. There's been a couple more added. That's where you have to use more subjectiveness to get out, right? So I'm always out at opposing volume. But there just hasn't been an opposing volume of that. So if this were to come down here and a new event comes in and it pops out of here, I get out. So there's an example yesterday. Like I told my room mom, it was short ES. This was yesterday afternoon. Covered that ES short at 34 quarters. So I was short. It was torture, but I was short. And the new volume event came in and it turned bullish, meaning you got the ATR out of there. I was out, right? So that's where I'll get out of without question. There's no subjectiveness to that, right? The other areas are subjective. But usually the major lugs I'm out, and again, those are the lovely globals. So this, guys, this is why I got out of some. I should have gotten more again if I knew I was going to control. But this is how these markets are acting lately. It's like any down move is met with instant bungee jump, instant rejection, instant rejection. So now I got to sit here. And guess what? This is a perfect example, right? How many of you guys were like, oh, yeah, I love Scott's short idea. I'm going short. And I did that. And Q by NQ, 157 tons. So that's just perfect, too. We're going to draw this zone and trail my stop on this zone. But the point is, you got your move. This was a 40-point move instantly. 44-point move instantly. How many of you guys trail your stop? And then you're stopped out. You're thinking you're great now. Well, what if this does this and then does that? And you're going to miss a 100-point move or whatever it turns out to be. Because this is just random areas that this is trading in. Hold on. That's the market pose. You can see five minutes. This is the most buying. And you can see it on here, obviously. But this is the most buying. The last five minutes. There you go. You see that? All right. I got to turn this off. All right. Thanks for pointing that out. All right. So anyway, new volume event. I better hurry up and get this in. Did I mention I'm mad that I didn't get out? I have my position at the point of control. Guys, trading is just a constant brain mind game. You've got to stay centered. The other day, I started to go on tilt. So I was telling you, I had them short on. And then I tried to squeeze out seven more points. And I didn't get out of the ice. And then I started going down the rabbit hole. It's so easy to lose your composure. And then all of a sudden, you start making. And then you turn a nice day, a winning day, and a losing day. And all of a sudden, now you're in a slump after, you know, it just, you've got to stay grounded in what's going on and catch yourself. And the most important thing is you're going to have emotions. It's not, it's not, I'm just going to make this a different color. I usually say these are double whammy's, but we'll make it dark blue. It's not that you ignore your emotion, right? If you ignore your emotion, you're going to end up going postal on someone eventually, right? So it's like, you let it out, but you let it out. And then you realize you're like, you're not at the best state of mind, right? So do not try to act like things don't bother you. Like this is, this is definitely, I mean, I expect this, but I don't, I don't like that the market just ripped back 50 points on me, right? But I expect it, especially in random areas where there's nothing going on. We did get a volume of that here. But the point is, like, don't, don't try to hide your emotions. Let it out, move on, and then realize when it's like you're being way too emotional and it's time to take a break. All right, so anyway, what I can do here, so you remember, my regular, my original stop, it's in here, was, I'm going to short it to 94. Stop was at 5472, way up here, right? Because I was going to force this market to come back all the way through this volume event, this first one, the 1300 by eyes, to stop me out. Well, now I have a new event. Now I can stop out based on this new event. And it's basically right where I entered. So I plug in the new event. 1539575 is the top of your zone. And again, this spreadsheet is an absolute godsend. There's no, like, questioning. I remember in my old webinars, it was kind of more like, okay, this looks pretty right. And I'm just, you know, guessing based on ATR, and now you just plug your zone, and the ATR, and then you know exactly your prices. Again, that'll be available for you guys hopefully next week, when it's almost finished. 139015391.5, I think that was. And then the other very important factor is your ATR. It's up to 28.38. So now, based on this new event, I can move, say, I short it off this new event when my stop would be 2850. So I've just saved myself about 50 points of risk here. I may already be there, by the way. Pretty close. So this is the only dilemma I'm having here, right? So pretend this zone's not here. I absolutely put my stop goes at 2850. What's that? It's an ATR, plus 10% above this volume of it. And then I'd be out, right? And I'd take, I made a little bit on that, on the move down. I'm going to take a loss on that, on that, and then I move on to the next trade. The problem with this exit here, is it's in the middle, smack dab in the middle of this prior volume of it. I don't want to stop out in volume events because there's a very good chance that this market hits this volume of it, and then fails. Why? Well, whoever is in this, whoever bought all that ice, you just got to think of it as initiating positions, right? Just think if you're the big house here and the market, you bought, I don't care what they were doing, this was not a great place to buy, right? The market moved down 50 points from there. You're the one, you're at a big firm, and they let you put on 1,300 buy-eyes. And then it literally smokes you for 50 points, and you're holding on, and your risk manager's calling you on the phone. This is all from experience, by the way. And you're like, you hang up on them, I got it. And then you're like, you know, you got that pressure, you felt that heat, as the market comes back, what are you doing? You're like, oh, thank God, please let me just scratch out of this. And then you scratch, and you start to get out, and that causes the next wave now, right? So my point is, I do not want to stop out in the middle of this zone. So I have to use a little subjectiveness here. I'm gonna move this. It's gonna be close to 20 points outside of here. I'm okay with that. If I'm not losing on it, then I cost myself an extra 20 points, but I'm not stepping out in the middle of 1,300 buy-eyes. I'm a broken-ice setup. It's not happening. You can see the market already bounced off of there. So I'm gonna move this stop 20 points out of here. I'm gonna find a way to turn that winner into a loser, like I talked about. I'd be fine with this if I just would have seen that. Because I expect these markets to do what it's doing. But if I would have just seen this point in control, I would have been out of half, like I said. So that's the only thing that sucks about this. Everything else, that was a mistake in my part. Everything else is just normal market movement, right? So I'm gonna move this to 45. It's my stop here. If that moves up there, then I take a small loss. It's not, you know, because I did get out of a couple. So there you go. In the meantime, this volume event looks like it's a bullish volume event. The most recent volume event. So let's check that out. So that was 24 quarter. So once I plug these zones in, it tells me the validation price, meaning the market was able to get an ATR 24, 25, and that's how I determine whether these are bullish or bearish events. That obviously got to 24, 25. So this actually is a bullish event. You could trade that out. You could trade that out. This actually is a bullish event. You could trade this based on the ATR if a retest failed. I usually would, that's a barf trade. What I'm doing for, it was for the month of July, but I'm continuing because it's been very effective. I'm not fading. Actually, this may be an okay trade. I'm not fading algo, guys. So this is the exponential moving average. You can see it's starting to pull the blue, this is the blue across the red. Many times, one, when you get across, you get algo that starts to trade the cross and then it flips. But the point is, I'm not saying this was blue was below the red. I wouldn't be taking the barf trade long if the algo guys disagree with it. This is fine now. You can see it's pulling across, so it's not bearish right now. So meaning I got that buy-in event, and it comes back, retest fails, I could go long. So let's see what happens here. But this, it just helps me because I was going back through my trades and I kept noticing almost all my barfs that were losers in lick trades, they all were going against algo guys, so it's just a filter. You don't want to have too many filters because then you're frozen over your, this is short, this is long, I don't know what to do here. I'm trying to find this, I post this guy for every week. Where's the resources? Hold on here, this is worth the wait because this explains it all. I'll put it in the YouTube room as well. You can come up with 10 different strategies just with this thing, with the volume events obviously. Ding-O-Boss says, is there any way we can download the cheatsheet you showed earlier? You talking about my spreadsheet? No, that's part of my trade room, proprietary trade account of my trade room. You get the spreadsheet. I'm going to have it available hopefully next week. Subscription-based thing though, but yeah, this is not a, this thing is worth its weight in gold. Whatever subscription price I make, this is not enough, but I'm not going to ring you guys up for this, but this thing is awesome. What's incredible too is you put in your account size and what you want to risk, then it tells you everything to do. How many contracts you can put on, mind you, I'm trading these Apex, I'm risking 10% on trades, so it's a $5,000 Apex account. You should not be risking 10% of your account size on any trade if you're trading real money. It should be the most 2%. If I was trading this as a live account, you should be risking $100 on your trades. If you have a $5,000 account is what I'm saying. I'm telling you, if you trade bigger than that, you're going to have, you think you're going to be fine and you're going to have a day, you're going to blow out your account. It's 100%. I'll tell you guys this, every single week, respect your risk rules and do not be using 10% again. This isn't one of those scenarios where I'm saying do as I say, not as I do. I'm doing this because I'm getting all these Apex accounts live, I showed you. So these are all the, these are all these here for all my different strategies. Right? So like yesterday, I blew out of this one because you got to be careful on the Apex, well over Apex, but as you, so this one was profitable and I blew out of it because I had a draw down of 5,000 and I blew that out. So these are all the different strategies that I'm doing. So the whole goal is to get it's going to happen. It's just, this trade's been horrible, so it's been a slow grind, but I'm trying to get all these live, all these different strategies. Right? So I'm doing this for a couple different reasons. One, so I can keep track of the stats for each one of these strategies. Two, because, you know, I've learned the hard way trading with multiple accounts and my own funds on these webinars. You can ask my room. I make so many damn mistakes. It is just killing me. I mean, I can't cost myself tens of thousands of dollars just because I forget to take a damn order out because I'm showing another market and whatever. So yes, when those all go live, those are all going to be real money, but it's not like I'm losing my, you know, my my living expense money. So that's why I'm doing it that way. So all those accounts, one was live for a little bit ago, the Izzy, but I had to draw it on and that blew out because I was trading too big. And then there was another example that I was doing exactly what I told you guys not to do. I was trading too big of size. I like loaded up on a trade and I got smoked on it. The point is that's how I'm doing it. But, you know, everyone could see exactly what I'm doing and, you know, I highly recommend you use Apex for your trades. Oh, by the way, do you see why, you know, it hasn't really moved lower yet? And like I said, if this does this, this, this, this, then I'm going to go long, but I'm still on my short and I didn't stop out in the middle. I would have been stopped out pretty much to the exact tick and all you're doing is pitching right now. So that's why I put my stops outside the volume of that. You can see these algos, they are just playing games with your money. Make them push it through the volume event and an ATR outside there. I'm not, in this instance, I'm trading off, we trailed our stop to this one, stopping out in the volume event. If they could push it up through there, then fine. You win on to the next trade. There's only about 5 million more trades in your future, right? Trading is probabilities. If you have an edge, you just keep putting the trade on and you will make money if you have an edge over the long run if you follow your rules, right? I'm going to take a little break here. Not to spread, should be the one that definitions of trading strategies on it. That's my trade room as well. My trade room is for the amount of information you get out of that thing I should increase the price of it but the point is just come in the trade room for a month and check it out. If you don't like it then you don't like it, but that's part of my trade room as well. What I'm doing here is what I do every single day in my trade room. Usually it's twice a day, lately there's been very sporadic afternoon webinars because it's like watching paint try and nothing's going on and a lot of traders are out of town so it's like there's no participation and I'm just not going to talk to myself. Anyway I was watching this volume event here. This was wheat MAMA stop run earlier this was actually a double whammy you had stop runs you see it's 700 stops which is a ton in wheat the threshold in wheat is 150 into the weighting hands of buy ice it's 77 and you can see the market inherently the market that's a bullish event inherently it's not always bullish we have broken ice or broken double whammy and that tells you something if that happens most time inherently it's a good fade setup why stop runs are not initiative selling it's just guys puking retail traders puking most of the time and then you got the big money absorbing it well that inherently should do that let's see exactly what happened there let's see if I missed a trade here because I was focusing on the whipsaw NASDAQ bigger picture I'm sure this was probably as he sure was so I should already be long this setup I might get lucky there's your inflection zone very important zone gapped up that's directional conviction that's the balance area you can see tested here buying tail instant rejection volume event I should have already been long this aggressively so we up and get the zone in and maybe I can get in it please stop please stop running away from me top of the zones 31 quarter bottom the zones 20 I should already put this in hold on a second I was eyeballing this was right before the webinar this one talking about guys I missed so many trades and make mistakes it's like I just got so much going on especially with the webinars are to ATR where I just one guy right I make mistakes so I should have been long and 34 it's 1.29 you can trade the micro ZW it's very thin you're going to get slippage I'm just going to round up in the regular contract to see if I get lucky here please be around 34 so I'm going to get long easy we when I say it start swiping up this is this is my life story like literally there's a microphone in my office they are saying don't run away I'm going to pay up to text I put it at 34 50 I don't want to miss I already missed the range of entry so what's this straight I just filled on so these are aggressive entries meaning I get I get in the minute they break out an ATR I don't wait for the ATR retest failure that's what I do on the barf in the lick and I think I can put on those two if order retest the zone and fail hasn't retested it yet but see if there's any liquidity up here there is a little bit so I can put that yes there's liquidity below two that's not a you know disqualifier for my trades yes you guys see me every single webinar say these are magnets right the odds of the spark are going to tag in this are very very high doesn't mean it's going to happen right now this thing can go 20 points and then come back and tag it so that's why I don't disqualify my trades with it you could you can use this as one of your disqualifiers right I don't go long if I see major liquidity right below the area then that that's not a bad idea but I just don't you know because again you never know how far this market is going to go before it comes back and tags it so this is an Izzy zone I got my volume event that strategy you can see it does not say on here take fade trades with moves in the prior inflection zones we can talk about these exceptions a little bit but the point is that you don't see unless there's liquidity below or above you see I'm saying so I these are my rules I put on the trade right and play the probabilities that's what trading is so I need to get into my trading rant my trading in the zone rant let's just do it since nothing's going on and I'm being tortured by Nasdaq here's your retest of the zone quickly before I go into the rant what was this oh was that the perfect 1ATR trade it sure was taking these trades today because they're working like a charm right here go to the reversion as part of the spreadsheet your short 21 quarter stops at 55 you're out at 9850 where did that go you took about 5 points of heat there's nothing no more near the stop out and some of the best reversion trades are in a prior volume event and here's your retest you're out there you go quick 30 points whatever that was for position trading wise now this is the ATR retest now if this moves back out of here I can go long remember it's going to be the same price as where I need to get out of my short I'm not going long in the middle of the zone I'll go long once it breaks above just like I placed my stop there right so that comes back I will go long the barf setup see any liquidity up here yeah I mean that's you want to be careful like spreading it out like trying to find liquidity but that's been in here for a while that's good enough I will take the lecturing as well so just make sure this is up to date stand on top of your ATR still 28 points pretty much the same so I can go long the barf and the lick setup at 2850 and that's where I was going to stop out of my short right same price see the difference here stop price same thing and this isn't a beautiful thing in its own right where you're never going to have like an apex you can have two different accounts trading Nasdaq one long one short for obvious reasons guys one one loses they get out of one and the other one reps or whatever they've got a bunch of different reasons why they do it but regardless I will be out of my short I'll stop out of my short and I'll be long my different strategies it's supposed to be 2850 actually I don't even think I would have gotten stuffed out there or it might have been to the tech let's see did that ever touch 2850 yeah it did it literally almost to the tech I would be losing my mind right now guys this is why I get the stops out of this so now if this comes back I'm still short this keeps going I would really appreciate it but if it doesn't I'm going to stop out of my short remember I moved it up from here just outside of that zone and then I'm going to go long barf and I'm going to go long lick I'm going to put them in the same spot 45 but I want to see what the bigger term market pulse is doing too so here's a great example too right shorter term this is the 5 minute I'm not trading I don't do the scalp trades off the 5 minute but I do here and this is just for example so I'm messing around on this apex account on my other computer with market pulse look how well it's done right so it started at 150 it's up to 6700 bucks just me screwing around with market pulse that's all I'm trading on that one so you can see the potential in that what was I just going to show you oh yeah the so you can see what guys look at this pattern it's the same pattern almost every time it's ridiculous it's just like the 5 events here you go stream buying right there buyers offside what does it do retest why did this happen because these buyers probably said oh shit I'm in big trouble part of my language I need to get out of this trade right it's over and over so how do you trade that again this is the 5 minute I I'm not trading the 5 minute when I'm scalping I'm doing the hourly trading period you do this there's your low retest once it fails you get short once it crosses that first low and your stop goes above that high it's a quick scalp trade that's 15 points you're risking and you already got like 20 plus points right it's a beautiful thing guys this is what drives markets this is it volume volume events this is still a volume event right book map is laying out why these markets do what they do if you know how to read it there's your edge and you can compete with the Christmas trees the algos right what a beautiful thing think about it most traders get in here they're staring at a bar chart they have no idea why this is doing what it's doing when you know this stuff when you know this stuff you are at an advantage advantage over 99% of the trading population that don't use that doesn't use this information it's just I can't stress it enough this is it if you're not using this I don't care how good of a trader you are I say to every webinar you can be 10 times better trader with this information and important areas that you're already using why would you not want to know 1300 bias came in and is wrong why would you not want to know that the buyers were extremely aggressive you can see it in the bubbles but the relatives of the bubbles that is the bubbles look the same here versus here they're a little bigger I can't tell whether this was excessive buying there's nothing here than this was that's important information why do you want to be long if you see the buyers trying to push it up and they're wrong see what I'm saying again this is the five I'm using the 30 or the hourly one but I just want to show you that it's unbelievable and guess what when you do see this spike you're going to see it eventually the hourly actually let's turn the hourly on so we hear if I'm not on the screen that's telling you something right and you can make some judgment calls alright so here's your here's your retest there's the fail you guys it's the same patterns over and over here's your ATR here's your retest there's your bounce back up I'm going long barf and lick and I'll be stopped out of the remainder of my Izzy short from the beginning of the webinar alright I gotta take a breath here so what did I say 20 or 50 but I moved it up to 45 so I'm moving it up 17 points out of that zone so let me put these in size I can trade 4 I'm not going to trade double size to the upside because I don't have a bearish I mean a bullish thesis I'm only taking shorts to the downside double up here so that is the barf I forgot about bonds I don't want to go over there I'm going to go over there and then you guys are really going to hear me complain I posted it in my room and I completely forgot about it there was tons of ice at the beginning of the day I'm trying to put these orders in 60 shockingly I traded the wrong account there I can't remember what I did here I know I had Izzy short on did I have the barf too because I definitely have the position on of course as I see the thing ripping against me Bondi Seisberg sells 534 contracts yeah I had barf and Izzy on short so I'll flip out a barf short and go long I think it's up there I'll let you trade as well where you saw the liquidity above there and that is number 66 struggling hold on got him in there so I'm getting off this market right now but the point is I forgot I had both shorts on I had Izzy on based on this and then I took the barf as well I got out of a couple down on that point of control even though I didn't know it was point of control there was just those swipes and then we got this new event I trailed my stop it was above this way above here I moved it here and I put it there volume event was bullish so I will stop out of my barf and lick I mean my barf and Izzy and I will go long barf and the lick trade alright I've covered that like 10 times but I need to keep telling myself because I keep forgetting what I'm doing here when I go to other markets like I blank out alright here is you guys ever seen this pattern before there you go I'm already long the lick but now I can I mean now the Izzy trade that we talked about and I'll go long barf too if it comes back and then I go over to bonds that's going to be painful because I'm sure that trade was a whopper that I missed make sure this ATR is accurate still 2.30 alright that comes back I can go long same price 34 I can put on to barf and lick because remember there's liquidity above here too I know there's liquidity above we already covered that so I'll take that and here comes the torture treatment with the tick strike watch my position go against me and listen to it that's always a treat I mean I absolutely have to have that and market pulse but it just it drives you crazy there's nothing worse than watching and listening hold on I've got to put in these lick trades is that pricing in 34 alright those are working too alright so now over to bonds this one's going to hurt I have a feeling specifically told my room there you go it's coming back but this was ah boy so this was a barf trade literally told my room lots of ice activity in zb oh wait I'm still short goodness gracious hold on I was short natural getting messed too you guys do you see why I'm using apex accounts because I'm an idiot sometimes most times well this was looking good let's see where it's at now hey what do you know I think I stepped out of that and something happening oh you know why see this is exact guys I'm such a good example of how easily like so what do you think this was here so I probably shouldn't have had my the short on into what oh the natural gas number yeah that was that so I just took a loss in there for absolutely no reason I would have been out before the number completely forgot I even had the damn position on there you go so now I'm starting to go down the rabbit hole of mistakes until then I start to get mad so this was a barf trade you got your ETR you retest your failure I could have gone short here and then I would have trailed my stop but this one's not as bad because I'm going to draw this newest ice event but I would have been out the minute I got an ATR above there so this would have been pretty much a scratch trade this is how I trailed my stops my stop would have been up here I would have been short it hits by ice right there I trailed my stop to the new event came up and stopped me out kind of just like the E.S. trade I showed you from yesterday right so that's why I trailed my stops based on something that happened in the market not because I'm trying to save money or scratch or whatever reasons you guys are trailing your stops in the middle of nowhere random areas this zone is that natural gas that hurt a little bit because that was a decent trade yeah and I lost my whole the size so look at this this is this is why I'm using it because it comes look at this so my risk is 500 so I lost double my risk why because I didn't cancel my order and I had slippage there because of this swipe that happened at the number so my stop was an ATR above this mine event right I got short here this was an easy trade and I put my stop there guess where I got filled all the way up here because somebody came in and swiped these stops so you get whoever is swiping this you get then the stops came in and I was part of those obviously but the point is you don't get filled down here you get filled up here so I just lost double the size not only did I take a loss on the trade I lost double the size all because I forgot I had the damn trade on so there you go that's special you guys got questions fireman I always say it's like it's painful to have these mistakes but at least you guys get to learn from my mistakes right that's the whole point of me you know my teaching you guys stuff is you don't have to go through 25 years of mistakes and for some reason I keep making them you can be like okay hey I got a big attention and I have my orders I might want to know my positions but the thing is it's like it's so hard to do these webinars and remember everything I got on and you know to lead to my orders so on and so forth so alright I'm over it move on that sucks alright so you heard more bond ice as well let's see what's going on here that was a little higher that's in yeah that was threshold there's another thing too you know if you're seeing huge ice like over and over and over way over threshold don't be drawing zones for threshold like this iceberg here was that is a ton right so I'm not even going to draw the 500 because like there are 700 here is 500 here and that the other thing too is if you see your threshold hit 10 times in the first hour well you don't want to be using 500 anymore for that day it's just like volatility right you got increases so I would be using it probably at least a thousand today because in the morning this was a thousand there was more than a thousand over here same like let me turn this off here like yeah over here 1100 800 800 600 see I'm saying don't be using 500 of bonds today you got up your size I'm only going to draw a thousand or more and this one was definitely tradeable so now this is definitely an ATR I haven't even put this zone in yet but if this comes back retest failure I'm going to go long potentially if it's not against Elgu guy plug this in real quick and guys you know I tell everyone this every day too people are like I'll get like direct messages or emails you know I don't want I'm not trading I'm not trading bonds it doesn't matter the market learn what I'm doing and it's applicable to any market that you're trading based on the volume events right as long as you know the thresholds it doesn't matter the patterns I'm showing the patterns and like I think last week we looked at the patterns in eight different markets it was all the same market you're trading as long as you know what's the significant amount of volume to be trading the area that is a really tiny ATR anyway so that the validation price to make that along is .10 it got there so if this goes retest failure I could go long but I can't go long because I'm fighting Elgu guy remember my barf trades are not trading it's Elgu guy what I could do here though I could have done and I missed a trade it looks like I think this was a nizzy trade and there you go inflection zones like this is something you look at MACD or Bollinger ban or whatever you guys are looking at right you get 2500 buy ice in an area that you already were thinking about buying as a support area and then you get then you get confirmation of 2500 buy ice how good of a trade is that right that's the edge so I missed this trade as well I'll put it in hopefully it comes back for me so I should have been long at 10 I could put on 3 bonds risking 500 bucks so I totally missed this trade it's already like 9-10 ticks in my favor I missed it so now you've already seen I made a mistake in natural gas that cost me double actually 900 dollars because I would never even been in before the number because I forgot to delete it well it's very sad alright throwing your questions I feel like I've been on this webinar for 3 hours by the way they're making mistakes I start to go down that rabbit hole alright we love you Scott thank you thanks for being so candid guys what you see is what you get with me I mean I'm a human being I've been trading for close to 25 years I still cry, whine get mad I mean I do one good thing that I've learned over all these years is I do catch myself when I'm doing it so I can a lot of times I don't go on tilt and just start doing stupid crap throwing in orders like most traders do trying to get it back saying screw it I'm already down 5 grand what the hell is another 5 grand that kind of thought process which happens to everybody at some point I do catch myself and I know it's annoying to listen to but you can hear in my trade room what you see is what you get I'm a real person we stand in front of a Lamborghini saying every trade I put on is a winning trade see what I'm saying because anyone who does that you might want to run the other way alright so there's really nothing going on let's go back to the sweet natural gas that I screwed up on this is definitely a volume event this was the number but this looks like a pretty major stop running it's like a double whammy actually 290 by stops not quite threshold what did I fill in I just stopped out of a alright so I stopped out of that short that was the other mistake I made I should have been out of half my shorts down at the point of control that's done I'm now long I got out of my shorts this volume event was bullish I just got long of course I did this for a reason I got it out of the zone I'm hoping this doesn't fill me to the tick see how when things start going bad it just seems like everything starts to go bad so I just literally I think I filled that to the tick which is fine if it keeps going but if that's the high price I'm going to cry even a little more no it wasn't the exact tick alright so we're long and you got to remember bigger picture stuff yes this ice was wrong initially we made a little profit on the first part of the order but someone came in here about 1300 so that's still in play I mean these sellers didn't get much out of that and it was pretty instant rejection so thesis wise there was a bunch of bias here and then you had this come in more bias and that reacted like it should so I'm long now I don't like long like my thesis is not long but this is what these markers do every single time every time you think they're going to zero they bungee jump every single time so you know this is a pretty big down move from yesterday here we are the issue here is I went long here and I got to contend with this zone so we'll see how this reacts in here but I'm going to if this starts to struggle up in this zone at some other areas we'll look at then I'm going to be piecing out I have five on so I'll piece out at some important areas and take a look what's the thesis I'm getting here now I've tried multiple times to get in this most recent one and this is where I made the mistake I don't know if I showed you guys that where I didn't get out of more anyway tried, tried, tried out of that then it couldn't stay in this one either both of those tell me at least a short term you know bullish thesis I could trade bigger size I'm not going to trade bigger size in the end selection zone this is looking like this is probably going to come all the way back to this and I'm long but I'm just not long double size this is where it looks like we're going it's going and I'll watch that very closely that's step one and then let's look where we are in the lugs I got contended with the yellow lug here too right so it struggled here last time I'm hoping we can push through if it pushes through well then my ultimate target is red lug up there and again these are this is this go to her website you can join her 3 day trial check them out once you go back you'll never or once you try them and never go back whatever the phrase is so you can do a 3 day free trial say some unbooked map webinar or such present again they're incredible support and resistance targets coming up with a thesis based on when it draws new lugs what's going on so the thesis here is this had multiple opportunities to tag the blue and it could not do it tried it no tried it no tried it no and it keeps like this got down like two and a half standard deviation this one was the same or two this one was two now it looks like that if this can get above yellow it's looking like that and then that's pretty close that's the bottom of that but it's a little higher it's up near the point of control that's the same area so I will get out of some as this can get through I'm not getting out right here because I just got in normally so say I got long down here yeah I would get out of a couple yellow lugs and that's confluent with daily value area which is one standard deviation review app but I just got in right here so I'm just hoping I could push through and open these guys and that's what they're doing the usual bungee jump if I could push through then I'm liking where we're going and I would look at 520 to get out of probably half and get up to 580 I wouldn't get out of point of control from a single day that is 480 you could if you want that's not one of my major areas so hopefully I could push through but you can see here I may get out of maybe one maybe a quarter there because of what well that is point of control that's two and a half standard deviation so you could probably get out of one there and then I'll hold one see if I get up to 520 or hold the rest I'll get out of half whatever I have left there and then everything else you know if I get a bearish event then I'm out of everything kind of like I've entered so that's what I'm doing with that there's not been one setup in ES today which is kind of strange let's take a peek maybe we can find some market pulse examples for you guys here this is the hourly you know you want to pay attention when there's a stop runs because obviously it's going to spike as buying I like when it's like this you can see this buying was not stop run somebody came in here and you can see it on the sweeps indicator so this is the stuff you get with global plus you guys want to get global plus I always get questions so I get the regular one you want global plus so the sweep indicator is powerful in its own right I'll cover it on my new course it helps you draw your zones but anyway someone came in here and swept 2000 so this one it did the pattern right here again I don't have any set amount like I do with ATR with the volume events that was the top of that then I moved away then I retested once it makes the next high you can go along there stop down here this is market pulse this is brand new we'll have a course on this but so you got in here basically 18 quarter ish you're risking about three points three and a quarter points and you already got look at that and you're sitting pretty now you see the buy now here you go this is where you would probably get out now watch this see this is what triggered this cell ice look at this first of all there's 3000 cell ice but let's see how these buyers do they're doing pretty well so I was watching for his instant rejection if it would have done this this this then you could take your market pulse short but this got right back above so actually now you can go like this again I'll have a course on this but I talk about this in my trade room all the time I actually have distinct videos I've done with a few markets already just to show my room right here another incredible thing in my trade room crude yes GC there'll be more but it's eventually going to be a course so anyway this is the next best thing that I've seen that's incredible I keep telling you guys like having book map is like working for a a trading firm I used to work for Wolverine trading they're still very huge they're huge they're a huge algo type of trading firm the developers used to come with me come over to me so I was trying to reinvent my style and they'd say you want to check it out you want us to put it on your computer same with book map they come up with these new things you're like I'll throw this on and see if I see anything that's one of my gifts is seeing patterns and things like that obviously so having book map is like having your own personal trading firm it really is with your own developers alright so there's your volume event first one of the day in ES let's get the zone in there and see how we're going to trade it 25 425 50 to have 4 4523 I'm going to talk about the spot gamma levels too so you can see this thing is rolling we're long NASDAQ pardon my language I probably don't want to call it names though when I have a position on but it's usually giving me the finger 4525 and a half to 4523 4525 half there you go 4524.87 that's actually not bad I thought it was going to be like 2 what's your address 2 2 Briar movie someone's got another movie I haven't used the movie quote in a long time nobody knows 2 Briar it's really sad caddy check alright so let's see where we're at so this is not this should be his zone this is actually heading to his zone right now so let's just draw this right now where do I draw my zone top and bottom are balance areas high volume nodes are balance areas I don't draw the high volume nodes but many times there's something else there buying tails and selling tails I've already raised these but this was one at the time so tails are into rejection very important and then directional conviction like this was directional conviction here buying tail buying tail gap down directional conviction this sounds really important and it just happens to be the bottom of this balance area see how they kind of melded into one another anyway this was a gap down from here and a buying tail from yesterday so I would have a inflection zone it's not crazy important but this was the direction of conviction that started yesterday that tail was pretty into rejection so the way I will do this sweet thinker swim drawing tools being sarcastic I guess they're better than the book map drawing tools maybe one of these years I'll have those fixed see you can either do this this is subjective sometimes too or you can incorporate this whole tail a lot of times when you look back you'll say okay that was a bunch of stuff over here there wasn't really much over here I'll just keep it like this for now I just want to know where that area where this gap down from so I will take a short into this area to work a little bit until it decided to do its usual bungee jump what did I do with that shirt goodness I watched a few markets as you can see and you wonder why I make mistakes there it is so it did initially work and I had a chance to go out in half and I blew it like I've said about 20 times on this webinar that was that it was already part of this zone but this was a gap down it came back we got the volume event it didn't move down lower and now it's back here again where are we at here so I got 20 plus points in it what did I say oh I said 80 so I'm probably going to get out of 1 I've got 5 on I'll get a 1 at 80 I just missed it right there this is exactly why I wanted to get a 1 at 80 well it was 80 it was extreme standard deviation and yesterday's point of control and wow look at that I can't put those angles kicked in right there I wonder why I get out of these areas right there I'm just going to get out of 1 here I've already missed my actual I can't believe I made a mistake though it's really spreading being sarcastic alright, cost myself 16 ticks there that was a 40 where are we getting on 45 it was a 35 point winner and I messed that up as well this is why on these webinars it's just tough for me to keep an eye on stuff alright so that's the first area I get out another area you could get out which I didn't see when we were talking about the other areas what did I say again what did I say I think 520 and 580 well this is close enough why won't this thing stay there you go you got spot gamma level up here too so remember I said I get out a half at 520 well anywhere in here and you got this liquidity so anywhere in here if it starts to fail I'll get out of a couple or half of them then I'm trying for the red leg on the other half so that's ready and waiting we spent a lot of time on Nasdik today alright so to make this a bullish setup we need to see 30 quarter not there yet then what could I do let's see where I'll go guys see if the barf trades are usually always in play this is pulling about to pull across so I could potentially like right now it's neutral it's close to neutral either in it or above it ATR retest fail off the volume event like I did with Nasdik the same trade I took with Nasdik this thing was crossing at the time and then look at the null see how bullish it is you got the blue the short term over the long term there's just algos that play that game they play the cross they play pull backs into the red I can tell you guys all the time the guy I learned this from was I was mentoring for book map because he had a system he made millions of dollars off of this thing he would play pull backs to the red just watch the video there's so many different strategies but he would wait pull back to the red if it would fail get back blue he would go short and he put his stop above the red well that wasn't good enough for me so you can imagine trading that strategy with with volume events which are the most important things so you can get a volume event then you can once it fails put it above the volume opportunities are endless with algo guy but it's a good thing to keep an eye on because they're 85% of the market are algos not saying they're all using that exact thing but it's pretty prevalent in all these markets see if you guys have any questions I missed the beginning any thoughts on the broader markets don't trade something or anything maybe chicken maybe not losing either what does maybe chicken mean if you get your setup you take the trade I'm chicken all the time I put on trades all the time I say feel terrible if they fit my parameters of my this is one of the biggest faults of traders where they won't pull the trigger I've already talked about this there is a trade I've forgotten what and I'm just like this feels terrible if I get my rules trigger I'm in the trade that's the probability you don't know which ones are going to be right which ones are going to be wrong so what does chicken mean so when you're not chicken you know what's going to happen you've got your house on the trade then the point is you don't know what's going to happen ever so you just play probabilities as you've got to get this through your head I cannot tell you or when you think something is going to happen oh this thing has to go up it doesn't have to do anything you don't know what's really going to happen that's why you have rules that's why you have your risk parameters where you get out when you're wrong but you don't avoid trades because you think something is going to happen if I know what's going to happen then I'm going to bet my house on this trade right you don't know what's going to happen you take every trade if it fits your trading rules the second most important thing besides trailing stops for traders is to stop doing that I'm glad you put that in maybe chicken there's no such thing if your rules are hit you put the trade on so you got a little rant on me I hope you're happy there space cowboy alright so let's see what happens here let's see where we are in the lugs and everything else and then getting close to getting off the webinars new guy coming on a lot of good rules today a lot of good examples and mistakes and a lot of times I'm not putting on a ton of trades but you guys should still be learning what I'm doing alright so this is pretty much the middle of nowhere I mean this is daily value I'm not a guy which is one standard deviation of VWAP it's close to baby lug this is moving you can see the delta is moving with the market that's usually bullish I'm not bullish I don't really have an opinion right here I fully expect I don't know that this is going to budget jump at least back to where we got down today so if I end up getting long off this actually this wasn't Izzy right no Izzy's are when they come back so if this were to come back actually I could take an Izzy if it comes back retest fails because the volume event happened this is a different variation of Izzy 24 was the top of that zone so most Izzy's are fade trades I mean all Izzy's are fade trades but this was the Izzy the inflection zone that I had drawn basically say it's right there well here's the volume event so when it comes back out I can go long this is just a little bit of a variation most Izzy's are something like this or these are the Izzy's that I look for but this is definitely an Izzy if it pulls back retest after I want to see an ATR like all my trades that I wait for the retest but like these are Izzy's so this is gold how did this Izzy work I think this was going to drive me literally to the volume event because these are the best Izzy's huge directional conviction right into the zone how did that one work out pretty good and here's another one directional conviction around the zone that did take a bounce but the first one was a good trade that's like 100 ticks and this one's like 200 and I think there is a volume event here I missed this trade too let's just find one more thing to bitch about before I up off the webinar turn off Mr. Market Post for now this is actually really weird gold is the king of stop runs it's just a stop run every 5 minutes though I wouldn't have had a trade on there but that wasn't important there yet still is alright appreciate the force for reminding many things I don't want another percentage of traders that are doing the same thing one, trailing their stops in the middle of nowhere meaningless places two, afraid to put a trade on because it doesn't feel right that's why you need playbooks that's why you need trading strategies that's what I'm trying to show in my room look when you come in my room you don't have to do these exact things you can say oh I like that idea I'm going to apply some of my some of my parameters to that you can copy these exactly I already have rules I already have my volume rules how I trade them with the ATR and then these are the exact rules for these individual events if you don't have those and you're just trading by the seat of your pants you've got zero chance I'm just telling you right now stop wasting your time PayPal, me and the rest of the room rest of the people on the webinar your money because you're going to lose it anyway you might as well give it to a good cause give it to us because you're afraid not trading because you're afraid so on and so forth a lot of mistakes had a winning trade had some losers because of mistakes actually that was my weak trade and then you got some ransom so that's a good day for you guys did I not put my stop on this trade I got lucky if I didn't I should have been stopped out of this I don't think I put my stop stop should have been out of this quarter and I think I would have avoided it or stopped out to the exact take no I never traded 26 quarter so that's good and it's back but I got to put that stop in remember I was long I got long the Izzy trade quickly let's take a peek because this is why I put my stops outside ATR outside of the value event so I don't get stopped out and this looks like it probably will stop me out please every trade is not going to be a winner ever I know I have an edge I don't bat an eyelash take my loss on to the next trade take my loss on to the next trade winner winner winner take my loss on to the next trade probabilities I did not go on in the trading in the zone document today that's part of my trade room too come on there you can hear me rant about that every day trading is probabilities why can't I find the sweet shirt so I can show you that one more time it's here somewhere hey there it is right on that screen so I took that and the event was in this it just right now will try to get a little bit lower and put it in the buying tail so hopefully it doesn't come back if it comes back then I'm stopped out if not playing for that and I'm going to watch this zone closely this was the bottom of this balance and where this market started this directional conviction alright guys hopefully you learned a lot go down that rabbit hole of despair when you're missing trades make a mistake so on and so forth you've got to catch yourself and all the other stuff we talked about today the book map webinars always you can always get them they upload them you can watch the replay I do this every day in my room come on by my course should be out here very very shortly and then I'm going to have those spreadsheet available for you guys and the zone drawing stuff as a subscription I will send out a massive email the email list you'll know when all that stuff comes out have a great week I will see you guys next Thursday