 Good morning traders. Can you guys hear me and see my screen if you can in the advanced webinar chat? Just type yes. All right, excellent. Thank you two spoons All right, welcome to the live trading webinar here with Scott Pulsini. We do this every Thursday It is live trading. It is in demo paper trading mode. So You know, we want to remain unemotional, but we want insight to a Professional like Scott Pulsini and how he is trading and using book map And reading order flow and applying it to the way that he looks at the market so You guys know who Scott Pulsini is if not look it up He's got really really a fantastic background in trading and we're very lucky to have a trader of this Experience here in these webinars. He does offer mentorship as well So I'll put this into the chat. You guys can reach out to Scott. You've got his email here So if you have any questions, you've got his trading room here. You've got an educational course from him as well Any any kind of questions like answered by his website Also have his Twitter feed here. We got to go through through the disclosures here So you understand what you're getting involved with and then we're going to go right into the live markets general disclosure All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes Live trading executed in simulation cannot accurately represent realistic trading performance Risk disclosure trading futures equities and digital currencies involve substantial risk of loss It is not suitable for all investors an investor could potentially lose all or more than the initial investment risk capital is money That can be lost without jeopardizing once financial security nor lifestyle only risk capital should be used for trading and only those with Sufficient risk capital should consider trading past performance is not necessarily indicative of future results. All right with that said Let's turn it over to Scott and let him take it away. Go ahead Scott Are you there? Hello. Hey, hey Hey, there you are. How are you? What are you saying? How are you? I'm good. How are you? I'm okay. I'm okay. So, uh, let's uh, let me get your screen up here You see my screen. Yeah, hold on a minute. I just it's just I'm still kind of all thumbs here I'm getting it down Hold on a minute. Sorry You gotta mute that like you did last week too because you can hear every single person that comes in here. Okay Yeah, I'll do it. Whatever you did. Yeah. Yeah, I know where it is now. So, okay, I think we're all set Yes, and I'm restreaming it so if someone can't see or join Scott's then join mine And there will be another one that will come up here shortly as well to be able to join So you can see her currently long. Yes, what a wacky movie or after the CPI number came out and there was another number and then They looked like you were gonna crash and then we did a straight bungee jump rally Just like all Seven hundred twenty nine compress all right, so we'll go over why I got long here in a second But now we have a new volume of incoming and you can see the cell ice come in So now I can trail my stuff for this was actually an ad we'll go over all this But now that something new came in my my objective here was the red lug And so we'll go over these level levels here for people that don't haven't seen me use them But that's at eighty one fifty but You know That's my target, but if something comes in real time by him then I'm gonna adjust you know my expectations and right here We see a thousand cell ice So I'm gonna draw this zone and now I can trail my stuff for my current position and or I could add I Don't think I'm going to because we're so close to that red lug We'll see here. Let's get this Marked up first. So that's that cell ice that he's black for cell ice So it's pretty tight though. I could probably add to this. Let me see. So ATR right now is pretty high 8.8. So Recently I've been using point seven five or seventy five percent of an ATR to for entries exits We'll go over all that but I moved it to eighty percent Because I keep getting stipped stopped out to the exact tick and it actually has been working very well. So It saved me like three or four losers just in the last couple days where it came real Like I would have been stopped out at the seven or either entered at the seventy five percent mark or stopped out and I had it At eighty and you stop by and huge 171 contracts Brussels tops top by alert at our feet 470 for Congress 7.04 is the So I'm not I'm not going to add to this because the red lug is so close But I will watch this red lug which as you can see everything's can flown up here red lug You have the spot gamma and you have the famous liquidity the big money That always gets their way. Oh, by the way, what you guys remember last week where I said We were gonna crash and fill out liquidity below and no one bet me that was a smart move because that's exactly what we did I don't know if anyone watched it at the end of the day sold off like I think it was like 250 points in the Nasdaq So anyway, here's some more liquidity. It's gonna get filled and that's the red lug and I will look to get out of this trade up there But first and foremost 80% of the ATR 7.04 so I round up at seven and a quarter so I'm gonna trail my stop seven and a quarter points below the bottom of the zone That puts me at 57 56 75 no 57 75 57 25 sorry a little discount this can buy me later today was My daughter talked me into taking her to the gym to work out and I got here late and I missed some trades and all over the place So hopefully I'll settle down here But this is where so I was long we'll go over where I was long from where I added and now we have a new volume event And now I can trail my stop based on the new volume event not because I don't want to give back my P&L Right, you have to trail your stops based on something that is relevant to the market Not your P&L the market doesn't care about your P&L, right? So the market does care about a thousand sell ice If whether this breaks or holds, right, so that's why I tell my stop 80% of an 80% of an ATR Draw is not too good, but 80% of an ATR current ATR is right there and that's right below that zero gamma level two so Other than that, I'm my target is the red lug up here 81 and a half and that's where we failed yesterday last night So this is exact like if we come up here and touch this I'm out of this trade And you know if it happens to blow through it, we'll form new lug, we call them lugs So I don't say love Ludwig level, you know every time If we form new ones and I'll wait for a new setup and I can get back in my lawn, right? I don't mess around P&I size for Excel ES 712 I don't mess around with it with the lugs The red and blue are the most powerful ones and for support and resistance and you can see yesterday We struggled here and then we did that overnight. So if we come up here and touch this I'm out or a volume event and now we're getting another volume event It's like sell ice wants to play play ball up here after this rip or rip roaring rally This is only 500. So I'll just keep I'll keep my stop where it is right now It was a Nasdaq Let's see what we got in here. You can see this was 172. That's threshold. I use 150 in Nasdaq Most days I try to go to 200 but you know lately it hasn't been the volume has been terrible. So a bit more at 150 See you can see where this started here and you can see the swipes sweeps That helps you draw the zone as well. Just make sure a lot of times I get too used to these sweeps And I'll draw it like at the end of the sweep at this come coming in all the way up to here So make sure you get all of your use your little cursor guy here across here Make sure you get all of the prices that the that incorporated that event, right? So that ended right there So that's your zone market was reacting to this Sure, ATR is ridiculous in here with this Hey, we've seen this v-bottom move for a long time a couple months Yeah All right, so ATR is 40 points 39.71 So we don't know what the setup is again I have six now we've added a setup six distinct setups with these volume With the volume events to help us judge which way we're going to trade So we need to see 40 points Above here or below here to determine what this is meaning it could be a dumb and dumber Dumb and dumber is the dumb money puke the retail trader puke with no no big money follow-through and it just fails Which is looking like it may do or it's a stop and hold That's what I got on my along an ES will go over where you get the stop run and it holds and it moves higher Right, and that's what the big money comes in behind it. It's not just a one-time puke by the retail trader So we need to see 40 points either way out of here To make a decision on this. That's the first step you draw your zone figure out your ATR Then you come over here and you look at your lugs And again, these are love with levels you can go on our website She has a three three three day trial. Just say you saw this in the room Sorry the levels in the room and she'll give you some kind of Special discount, I don't know exactly what she's doing, but just say you saw them in the room These are the second most powerful things I've ever seen in trading Took me a while to adapt them and again I had some guy tell me about them for like eight months and I finally started watching them and He made like a million and a half bucks And he was training like the year before where I mentored him He was trading microcontracts and then he made a million and a half dollars just by using volume setups and a lot with So these things are ridiculously powerful for support and resistance Like I've been telling you guys the last few weeks. I was not using these things as at full To their full capabilities. I was basically just using support resistance But you can you can come up with a thesis or a story based on what happens What doesn't happens when we draw new lugs like for instance like this drew new lugs We're breaking we broke above the red here's your new lug Well, this should hold prior red and yellow and move to the next one instead. We got below here That's bearish, right? So if you get a volume signal and then you take it to the blue lug We drew new lugs we couldn't hold below this and then right back up, right? So it's it's way more than just support and resistance and that's where I was not utilizing them correctly For about eight months and then I went and watched the webinar That I did with her where she kind of explained them to me I rewatched it and I'd like the light went on and I'm like, what what have I been doing with these things? And then I started incorporating them as far as you know where they're great is you you put on a trade like for instance I put on this trade in ES This morning Eventually we'll get to this trade. It was right here. We pulled down after the number you had this and then you had a Stop and hold and I got in and you just didn't I got I got out of one here because This is what I called the baby lug. There was a you can see the target. These are useful as well for the targets But when they're when they're on top of other things meaning confluence I'll get out of a part of my position and this was VWAP as you can see and the baby lug So I got out of one there and then the thing just rip What's great about them is and unless you see a volume of it You just sit in this trade and you wait for the tag, right? And if you just know it's gonna make it up there Almost always if it doesn't make it up there, there's a reason and the volume will tell you hey this There's it and here's a bearish volume event and you're like, okay Well, that should have made it up there didn't I'm out because the bearish volume of it And that very well could happen right here with what I'm in right? I'm expecting that red lug But if this gets below here, which is trying that I'm out of the trade And then I'm gonna be potentially looking short because it didn't tag the red which it should have now You get a bearish event which is is about to be Then I'm gonna turn around and flip short we yesterday in my PM webinar My traders in there saw I flipped it like I was long then I was short then I was long based on volume events And wow, I was reacting at the Ludwig levels So you got to be ready to you know to pivot So pivot doesn't mean just flip-flop and you know just because I'm pivoting because of the volume events of what I expect to see happen and again This is how I was not utilizing the Ludwig levels properly right so we know that the red lug is up there And that's my target. Well, you should not see a bearish volume event Right, you should see nothing but bullish events which we've had for the last 50 points Now something can potentially be changing if I see a bearish event I'll stop out of this and then I'll look for a retest fail and I'll go short right so Go over that let's quickly just go over this what I got along here in the first place This was down here Yeah So we come down here right at the number and then we had the 500 by stops Actually, no, this was this was at the open Every start of my book map too because I had it running all night But you had this volume event right here, right? This was at around 23 and I knew We're Basically coming into the yellow lug. Here's your volume event. It was a stop and hold and that's what I got long off of Right, so that was my first position You can see I actually Stop in there So I got long off there You can see the long right here actually I had mystic because I was in and out of my office I missed a few trades. I but I'm glad I put this one on and this one in gold I missed one in crude will go over those so I can complain about something But I'd miss this, you know, I needed to get into this at Right here actually at 80% of an ATR because I'm aggressive getting in these setups above So the long is above the yet for above the yellow log I'm aggressively getting in these in these setups, right? So we were above the old log Here's your setup. So there's two ways I trade these either aggressively 80% of an ATR I'm in or I wait for a full ATR retest failure So that we'll go over the conservative entries here in a couple minutes, but So anyway, I missed it I should have been in right here and I missed it and I luckily it came back and I got in I'm really happy or I would seriously be not happy right now And you guys would be hearing about it. So I got long there and we came up here And this was yeah, this was not threshold for me and yes thresholds. I have thresholds for every product It's in my SI indicator course Where it's relevant volume, right? You don't just you don't just trade every spike in the SI indicator, right? It needs to be a certain amount of volume that matters to that market, right? So any ass it's 500 stops, I will pay attention. This was not 500 So I didn't draw a zone and we had this event. This was 1142 stops, that's relevant, right? There's your zone and what I did is One I trailed my stop because of the new event, right? So I had my stop way down here I was able to trail my stop again. I wasn't looking at my P&L I was trailing my stop based on something relevant to the market Trailed my stop to there and then I added to this trade. I actually put on too many. Wait. No, this I had a Choice to this. Oh, yeah, yeah, no, no, I added to this but I had on too many because I Will go over the risk calculator here, but I was risking basically From 63 all the way down to I was risking like 25 points and I should only had one or almost 30 points I should only have one on I had to so that's why I got out right there But I had two positions on basically and then we came up here and then Here's your new event and I trail my stop below here, right? So if I stop out, I will make sure this goes a full ATR if we retest fail I'll go short. That's that trade and I'm about to get stopped out Very nice of you guys to wait for me to get back over here. So I have to watch it See if my new handy-dandy 80% and we've been talking about this in the room I'm not kidding you. It's been at least four or five in the last couple days where it's done this and if I was at 75% I would have been stopped out and it stopped exactly and didn't tell me and then took off But then yesterday, I think there was a couple times it hit my 80% and I was saying that they already they already figured out that I changed my ATR because The market is against me Just kidding. That's what all traders think though. It feels very personal. I know All right, so I'm still alive here. We'll see what happens And I'll show you some of the get into complaining mode some of the trades I missed. It's my own fault again I wasn't readily available I miss some trades See what's going on here. Did we get a So 65 we got the yeah, this is definitely an ATR, right? So this is a dumb and dumber setup This is a bearish setup stop running Paper did not come in the big money to not come in and continue to push the higher So this was a puke that wasn't real buying right? It's buying, but it's not real It's not it's not concentrated initiative buying. It's someone traders puking out positions That's that's a different type of buying right? That's why it's called a dumb and dumber. So, you know You always got a look at soybean cereal. I want to trade that there's some big size going through there But you know, you just got to assume that the stops are Retail traders right that those are the ones that put the put their orders in and certain areas and get stopped out So anyway, this was a dumb and dumber stop run fail Here's your ATR now if this retest comes back 80% of an ATRI will go short with my stop 80% above there So this the reason I'm waiting for retest failure is because we're above the yellow love Right so if I'm gonna tell still take shorts above the yellow love, but I need to see full ATR Retest failure 80% ATR out get short Restress current this is one of the trades. I missed we'll complain about that here in a second 22 and come back to that. There's some mammoth cell ice here. You can see it's holding So right at the open 500 cell ice in here yesterday was the grain report to a lot of times Like with the Fed or grain reports the big money plays the next day. They don't necessarily get in that day So it looks like that's exactly what's going on here. So you had this zone here removed a little higher natural gas number alarm Then we moved up here. We put in more cell ice. So that's a new zone here. This made them both black and then We failed to get an ATR above this zone Because I was looking to buy this and but we had just formed new lugs. So we were right around the old I'll show that here in a second. So I was still waiting for one of these I wanted to see ATR retest failure. It couldn't get an ATR above here and then just fail through that You know, we're kind of holding through here I always default to the most recent setups the most recent setup is a second cell ice, right? That I would have traded off of but something else just came in here as well as I was talking It's not showing up here All right, so we'll just this way for something. So the reason I was gonna be conservative on this second zone Was because we built new lugs so you can see here come up here All this cell ice was actually right here and then we built new lugs So I was gonna wait for Because you know, you know, we're just bouncing around the yellow. You don't know what I don't know whether I'm gonna be aggressive or not With my setups. So I would have been waited for an ATR retest fail I would have gone long and it just didn't get even an ATR above that cell ice and then just fail But you see where we held prior red baby lugs And now it's trying to make them move above I'm not gonna do anything now because we did get an ATR below that most recent cell ice But the next signal I get I'm already I'm already basing a thesis on what's going on here, right? So we built new lugs I and we Failed below the yellow but we did hold red and we did a little baby lugs So if this starts to move up here and then I get a you know a bullish setup Based on what I saw what didn't happen here meaning we should have went and tagged the blue We didn't now if we get back up here and get above this yellow and I get a bullish signal It's going straight to the red unless you see another volume of it So you use these and again This is how I was not using these to come up with scenarios or thesis of what is what should happen What shouldn't happen? It just really helps you, you know have confidence in your trades I mean the volume setups are number one those alone should help have you let you have confidence But when you know what should have happened it didn't and then you get a bullish signal You're at gets go time and you just sit and you let it go to the luck, right? That's 12 cents away. So we'll see what happens in there I mean this you guys it's all day long every market doesn't matter, right? It's volume and these levels again. I don't know what I have a feeling some of her inputs She's got you know the proprietary inputs that she uses I think it's like probably pivots and market profile and whatever else she's using but a higher power has spoken These things because they are literally unbelievable and then when you add in your a volume Again, it's the best edge I've ever seen so we come down here Bounce off the blue log we form new lugs. What should happen? Well, it should have You know because we form new lugs lower. Well, this should have held and we've lowered what what didn't happen That didn't happen. We got right back above the yellow Here is the volume event that I missed that I'm going to show you and complain about straight to the red Build new lugs what should happen? We should hold Directional yell prior red and head of the new lug and that's what's happening, right? It doesn't mean something can't come in and this in things change But unless you see a volume event you're expecting that Right, that's where the volume again is the most important piece because if you're just trading lugs Yeah, they're powerful, but you still don't have all the information right if you're not using book map and This information you just I don't care how great of a trader you are You still don't have all the information we talk about it every week just think how much better you can be This was actually a set up here that I didn't see Think how much better you can be if you understand how to use real-time volume because that's what matters in the market Not lines on a chart. What's really coming in the market is what matters So this was sell ice here So this is a new event So I was gonna sell that stop area up there on a retest but now we have a new event So now I got to wait and see what happens with this one. So I was going to trade because we got the ATR below here Right, I was gonna wait and I was gonna short it but something new came in So now I get a trade off of this I can either go long aggressively 80 percent of an ATR or if this breaks, I'll do that Let's take one more look at our lugs dude I don't like going long right below the red lug. So I will not go along this Because we're so close to the red lug and we've seen how powerful that, you know, the lugs are right So it's like I would have to so say this sell ice that basically came in right here Right so say I got in I mean it is 60 points, but I'd be the ATR is 38 points, right? So then I got a risk The size of this here Well, even look at what I have to risk here if I do want to put this long on and you got to determine Hey, do I want to trade one for one meaning I'm risking one to make one So this zone So ATR let's just do this real quick 38 80 percent of that it's 30.4. So just say 31 31 points both ways, right? So that means if I get in I'm getting in 31 points above this zone That's 80 percent. That's the aggressive entry. So that means I'm getting in at 70 71 then I have to risk The size of the zone and then 80 percent of an ATR below there, right? So just alone the entry to the stop That's 62 points and then the size of the zone is another 25. So that's 85 points. I'm risking To try to get to the red lug that's only 60 points away, right? So I don't think that's good risk reward. So all I'll do, you know, I may miss this trade I mean I may rip and I would have been in it, but I'll just wait for us to come up here And if this is truly bullish, it'll come up here It'll draw new lugs and I'll probably come back. I'm sorry. The red will be here This will be yellow kind of like you see here when we went to the downside We'll see I'll see yellow. I'll get a new setup and then I'll go along But I do not mess with the these lugs until they draw new lugs because they're that's how powerful they are All right, any questions so far Bruce? It's a lot of chirping. Yes. Um, so uh, let's see A few different questions. So number one Um is about uh your course Let's see Alec is asking um Can you yeah talk about it a bit? Does this uh si indicator come with the course? Uh, no, it doesn't Yeah, I always get that question. No, so, you know, are you already answered that? Sorry Yeah, book book map is They run the show with the va the indicators and it's book map. I have nothing to do that. I My course is based on my interpretation of the volume based on my time as a large trader and how I would react And you know when I had a lot of volume out a lot of size on aka volume Um, how other traders would react because back then you can see exactly who you were trading with So that's it's not hypothetical setups. The setups are all based on my true experience, but I based I basically just came out With my interpretation of what's going on in the volume events, right based on my experience So I have nothing to do with the si indicator except for using it and helping traders understand how to utilize the volume setups that occur Hopefully that explains that if I got stopped out of this ds trade i'm Gonna complain Nope, we're still alive. Look at that. Look at the 80 new improved 80% atr. Look how close how many guys you guys been on these webinars for last year How many times have you seen this exact fill for me? And then it does that and I'm saying that I complain for The full hour of the webinar, right? I moved it to 80% avoided another stop up. It's still alive I mean, it still can come back and stop me up, but I mean that's 15 points So now I'm still This is what I'm playing for Nice and that's where the red lug is and that's actually a little higher. It's 81 So that's what I'm that's what my expectation is If I see a new event and it fails and I'll get out just like I was about to get out here Look look at that. It's amazing. I didn't get stopped out again Um the the time frame on the on the lugs, uh, those are volume charts, right? It looks like it's not time based Yeah, you can use time base. I have these are Um for each different product All right, so this is 6,000 volumes. So every time 6,000 volume trades it draws a new bar. Is there a hikonashi? Again, I had someone help me set this stuff up because if you use sierra chart It's cheap, but it's cheap for a reason, right because you got to do everything yourself and I mean everything So she's got these for ninja trader. I think she's looking to add a couple other platforms, but Don't even ask me like I was trying for instance I set this up so long ago. I couldn't even like my crude. I can't remember how I did the hikonashi I can't get it to work. So that's why you just see bars But you got I mean you can see my my what I use so You know, obviously the same volume isn't crude as an yes, right? So this draws a new bar every time a thousand trades, right? And beans it draws a new bar every time 500 trades, right? So obviously just like threshold just like the thresholds are different. It's the same with this But I use the volume to draw the bars, but you can use it doesn't matter You can use five minute charts too. I just use the volume um Like Russell I use 500 and Q I use Sick that that's actually too much six thousands too much sure in Q, but it's fine for now All it's gonna do is just not draw bars as often. It's not a big deal, but you just kind of want it where it's showing you You know more bars or not too many bars. There's like a you know, happy medium there What else Bruce, uh, yeah, so also, um Uh, let me just kind of read it out loud here. Um, uh, if you're an open position Heading toward the next lug Uh and stop runs and sweep are stop runs and sweeps considered a volume event or only icebergs and and stops So do you I mean are you use it? Are you? How how are you? Yeah, stop stops are absolutely right. No, no Sure. Sure. Sure stops and icebergs are sweeps and absorption Is the question I'm not using sweeps yet. I will eventually we can talk about in the room Um, like what you just saw right here. I mean, this is part of a part of a stop run But a lot of times you'll see sweeps that aren't stops, right? You just got to be careful when I don't know why this is but the thresholds are so much higher in On the sweeps a lot of times than the setups, right? So for instance in es like my my threshold for icebergs is 700 Well, you'll see routinely 2000 2500 3000 swipes or sweeps would calm snakes in the room. Um You'll see that routinely and that you know So I see meaning if I see 700 sweeps I don't even pay attention to it And you would think I would because it's the same type of volume as a nice burg or you know There's someone sweeping for some reason the thresholds are way higher So I just need to watch them a little longer and I need to come up with my thresholds for the for the sweeps Which I will and then I'll trade those as volume events too a lot most of the times they're on top of the si indicator events But sometimes they're they're you know individuals so But right now I don't if I see a ton You know like for instance if this just came in here and this wasn't a stop run I would probably draw this on because a thousand in gold is a ton, right? So let's let's trade this by the way. This is a a lot of stops someone just major puke So this is going to do one of two things. This is going to be retail puke No follow-through like if look If you don't think the big money has the same information then you're nuts, right? So they see this too if they were looking to buy they just pile in on top of it And that's what's called a stop and hold if they're not interested you get the you get the buying which is not real buying It's just a puke then it fails. That's a dumb and dumber, right? So now that's the first step second step check out our lugs These are this is called tix strike by the way. We'll go over this too Um I'll go over that a little bit. I don't want to get off track here. So 150 contracts Building the looks here. This is one of the issues with Sarah churn. You got to refresh a lot of times so you can see here This is an example of how I was not using these lugs properly before right? So come up here build new lugs should hold Once you build new lugs, it should hold prior red new directional yellow We couldn't hold the red couldn't hold the yellow got down here. So what's your expectation when that happens? Well, you're saying we're going to go tag the blue and then baby. Look That didn't happen So you got to pivot and then So the minute this go gets up like this is telling me something I was expecting this that didn't happen Now we come up here or above the yellow We didn't tag here now you get a Say I get this turns into a bullish event. That's go time to the red look, right? So say it happened right down here, which it did 152 contracts. I'll show you this here in a second. This is the trade. I'd missed The markets know I'm trying to do a webinar and not to be firing off stuff when I'm talking Scott you could just you don't you don't have to talk and and explain a lot of things you can just trade No, seriously, like, uh, we I mean The other week when it was it was super busy It was awesome just to peek over your shoulder and watch you manage. It was awesome That that is just a rare rare thing to see So if you want if you want to just do that and just say like, yeah, I'm going to do this I'm going to do that blah blah blah like feel free. Whatever you whatever you're comfortable with I was just saying because I was in the middle of saying something and the market started firing off That's all okay. It was very rude of them I think Gotta be pretty close to the Yep close to the red love me get this drawn real quick because I gotta remember I wasn't going to go along right here anyway, so Because we're probably gonna make do lugs right now, but we are right on top of the red lug now in es and I can get out of the straight There we go Yeah, I can't believe liquidity is going to get filled up here Actually, they pulled and put it back in but that that is a shocking occurrence, isn't it? Well, you know, it happens all day every day in every market Um because the big money run to the show Oh, I ever tell you guys So you can sit here and say how manipulate the markets are which they are right the big money pushes it around Whatever they want to do or you can complain and not make money or you can understand what they're doing and join them So you see here, this is right on top of the lug and getting out of this trade unless we just plow through right now I'll give this a second up the minute. I start seeing Red bubbles meaning market sellers. I'm out of this trade and I will wait It could bust through and make new lugs and that's fine And then I'll wait for another volume of that and I'll get back long I may cost myself a few points and I'm fine with that because I we've already seen Do I want to risk and hope we build new lugs and have this happen to me? right here Not so much. So that's why I will get out. We saw it yesterday in my room Tagged it. I got out. We came down. This isn't this is overnight, but we tagged it came down At a bullish event. I got long again came up tagged it got out There you go. See what happens here and you have a spot gamma level here as well So I have no problem getting out of this trade. It was a great trade a great ad I didn't get stopped out with my new handy dandy 80 of an atr There's a red bubble Give it a second here by the way, uh gazu Has a link here for you for atr that you can use in your uh, think or swim charts So Input at 80 percent atr You might want to look at this. Yeah, someone in my room came up with that as well I just haven't had a chance to look at it. Okay But yeah, thank you. I'll look at it. All right. See how it's struggling up here now So you want to be careful of doing this if you do this you're going to see red bubbles, right? Try to keep a relative eye at it So I just if I see any kind of red come in I'm out of this puppy But you see the stocks too, they're still buying the stocks. We'll go over this too These are the stocks that comprise the Indice comprise the indices what the indices are comprised of these are the highest weighted stocks That the futures are derived from right? So it would behoove you to know what the stocks are doing, right? If you come up to To you know important levels and you hear nothing on these and we'll go over my settings and everything You may want to get out of part of your trade, right? Because this is what drives this And this trades independently, but this is what this is trading off of Especially the algos, right? I mean, this is right at the love 81 50 with our 81 quarter was blood Yeah, we got a yes. Could you push through? But the other thing we're I've been doing in my room Pretty funny. I won't do it now because maybe if I get in a new along So there was a trade all right. I'm out There was a trader at my firm who actually is the he's the one who got me into my trading firm king stream when I You know back in early 2000s He used to every time he'd get long he'd pull up the jefferson jefferson's The show the theme song where there's a moving on up and he blasted throughout the entire trading firm So he did that the other day and it actually worked So if you guys ever need the market to go up just blast the jefferson theme song, you'll be good to go All right, so that's why I got out and then I saw the market selling bubble I'm out right you guys be careful how you use I hear so many times with newbies like Um, I traded the bubbles so you don't trade these bubbles all it is is buying and selling right But at certain areas you want to use that as information, right? I don't trade bubbles But I knew this was the lug. I knew this is spot gamma. I knew the liquidity got filled if they start to hit the bid I'm out right, but be careful how you use these bubbles. They're not This is the information not the bubbles that you need to be using to make sure trades offer Remember every spike is not a tradeable event for me, right? And I've been watching this thing for two years and thousands and thousands of setups. So this is not tradeable That's not tradeable. I need to see over 500 I need to see over 500 we'll go over to this penal by the way is overnight and overnight trade-on. That's why that's what let's see What's going on here? So is this going to again? This is gold. Are we going to is it going to be a stop? And hold fire or is it going to be No real buying and then we die I'm leaning for to move out of here, right because what we just talked about before everything started firing off What didn't happen? We did not once you saw the new lugs and we failed this yellow you expect Down here that did not happen. Now you're up here. Here's your my here's your volume event We're going to tag this if not higher If we if we move higher out of the zone if it fails then So this is you know things change in the market. What am I expecting? It should hit this, right? You shouldn't see a bearish volume event if you do now something's wrong going this way We didn't tag it you go short and then you use these So things change all the time, right? That's why if you're trading just with the lug with levels You don't have all the information You don't have the key piece of information the volume that the volume tells you like if you're long here You're just sitting here saying all right. You have no idea what happened here You have no idea there was a thousand hot stop run. You're just sitting here praying and gets to the rat Well, if this goes like this, we know why that happened because that stop run was just a fake buying And there was nothing behind it. You're hope if you're trading the levels levels by themselves or any Any indicator by themselves without understanding the real-time volume You're sitting there holding the bag when it does this you have no idea why if you have the volume, you know why Right, that's why it's the most important piece. So we'll let this bounce around in the zone for a while Let's see what trades I missed here It means we're this interesting though again So the other mistake you do not want to make Is buy ice sell ice buy sell ice is bearish buy ice is bullish. Yeah papers taking us, you know They're taking a stand and it's good to know which way they're they're going because they are right more often than they're wrong But they are wrong, right? So that's why it's not just I see sell ice. I'm selling. I want to see the area Old and then start to move lower and either, you know, ATR 80% ATR retest better You don't just hop in short because you see sell ice. They're wrong all the time. That's one of the setups broken ice, right? so Just be careful that you there's even guys that you know are new to my room and they'll be like But this was a bullish event. It was buy ice Well, it's not a bullish event until it shows it can hold and move higher, right? So it's the area that's important not necessarily if it's buy ice or sell ice Hopefully that makes sense. But you do put in the back of your mind, right? We rallied up 500 sell ice, which is huge in in soybeans for one event. Then you had some more sell ice up here And you can see it's starting to it's having had trouble here. It had trouble here. It doesn't mean you just Blindly short it again. I'm I will trade off the newest event Um, if we go retest fail, and I think actually we did this I should be short this right now But the point is You know you you keep this in the back of your mind You don't just blindly throw on a short right and then when you start getting setups to the downside You're like, okay. I already know paper took a stand here and the right now. We're going down to the other luck but this Set up I actually should be short Are you sure let's see Because we never so this was the second event here, right? So we had the first event that was this then you had the 200 that's threshold. That's this We never got an atr above there, right? That's what I look for to go along Remember we're at the yellow log two. We build new looks Now we did move an atr below here atr is 4.15. So we moved seven cents. Here's your retest There's your failure. We never got an atr above here and here's your failure I should be in at 80 percent of 4.15 All right, let me put in 4.5 and my Indie spreadsheet that I should have been using for last year 3.32. So three and a half cents below this zone So I should have been in this trade. I'll get in I'll get in Couple all these right now, but I missed my entry. My entry should have been Three and a half cents below the bottom of the zone. So 20 26 2550 so it's pretty close I missed it by I missed it by a cent Did you see tell me the market doesn't hear me talking? I'm like I should put on more than that. It just skips down Guys, this is this is how it's been for 20 years just sitting here talking to myself That's why I like doing the webinars and have the trade room because at least I'm talking to somebody So I just talking to myself. I'm not gonna feel okay. All right. So now I'm filled on that again I cost myself multiple points, but So where's my stop go? 80 percent of a in atr above the top of the zone. So we said it was three and a half points All right, so that's 34. I might have too many on here. So I'm risking basically 20 24 to 34 is 10 cents. That's where you go to your you ever talked about the risk calculator yet today So it's the same as the yes it trades in The tick value is one and a quarter point, right? So I'm risking 10 points four lot exact size that I need to be having Based on my account size So that's correct So I'm sure that Look at the look how good that exit was there. Wow. It's almost like those Ludwig levels are are magic once again This is why I don't mess around at the lugs Tagged it. I'm out Like I said, do I want to sit there and hope we build new lugs? Or do I want to get out and wait for new lugs because that can happen and it looks like it might Volume and lugs the most powerful edge I've ever seen in trading besides my scalping days And that's not possible anymore because I'm not a computer. All right. Um So you know already missed the boat on this but I was gonna say you can play this as a retus fail But again, you're risking down here to try to get back to that lug and we tagged it. I don't know I'll wait for a new event That's knows a good trade in my nemesis. Yes, and I usually don't get along. So I'll take that and run Look at nasdaq see what I missed here But remember I wasn't willing to go along here anyway Even if this was a long setup because we're right on top of the look see if we built new lugs And then I'll reassess We did not and you see Oh, look we hit the lug and failed Shocking that's why I wasn't willing to take that long setup right into that lug if we would have built new lugs Then I'll take I'll take a long setup So what I could do here now Actually what I'm supposed to do is short a setup at the lug to be short this right now unless we want an atr above this let's see 95 up to 28 So 32 points that was not a full atr 41's an atr. So I should be short this When I say it was 41 I'm sure the market will wait for me to do all this 41 33 points is 80 percent of an atr. I will be aggressive It's pretty much right here There's just something innate in me where I will not chase the market. I always like put it up here I might not even get filled on this now So what was my what should if I was on this market like I should have been what what when I heard this setup What should I um, where should I've been short? 32 points below here Which puts me 51 51 3 quarters I should have just said that's right here. I should have just hit it so If you're confused where you say, well, I thought you only take retest failures Above the yellow lug right because it's obviously a bullish scenario if you're above the directional yell I that's true unless we tag unless I get a setup right on top of the red lug Then I'll be aggressive shorting it And that's what I just that's what I'm trying to get involved in Right now the short I just missed it because I was spending so much time with everything else I'm not going to chase this down 20 points. I'm just hoping I mean it's an azdec Very likely it's going to come back and fill me but if it doesn't then It's my own fault because I missed the entry any questions ruse yeah, um Sam is asking about um Uh, if you could share more about um, uh, how you used to trade as a big trader Uh, for example getting caught off-sides. Would you wait for a pullback? um, so you can get out and You've talked about this before in the past. Um, how you you anticipate that That it'll be it'll drive the market back down again. So that's how you have your kind of Resistance become support and vice versa Right. Well the Waiting for it to come back is the whole essence of the retest fail. Right. So that's right You know, that's how I used to Up to a certain point, right? There's a certain point where you say uncle and that's when you see the pukes But to say I was short right here, right and it did this The way I used to trade it I would sit there and it would start to run away from me So say I sold like 2,000 in here, right? And then I was sure I was right and then it did that and I'm like, oh, no Okay, this I mean it was way less points than that's too back then. I was so condensed. Um I'm not very happy. I just missed that nazi. I should have just sold it. I knew it was close to that 80% of an atr I should have just went to the market Just please pop up there to fill me. Um So say I was short, right and then it ripped to my face again It was never 13 points. I was like, I mean when you when you have Do the math if you have like the 2000 on times 1250 a tick. It's a lot of money, right? So I'm talking like back then it was the volatility was like 10 All right, so it's like it would be two points in my face. My viewpoint would be three points And I it'd be like moving away from me and I'd have I keep selling it. I they keep going away from me and I'm like Please just come back here. Please god. Just let it come back into this area and I will cover my trade I won't even be greedy and that's what the essence of the retest failure is it happens all day every day guys Like this is what that's why you want to know what the big money's doing or anybody's doing right because You know when you can see it on this on the SI indicator because So many times that's why you see or even like balancer, right? Give me an example here I got I got that sort of musician on so I gotta see if I can trade my oh, this is working well All right, see what happens when I don't look at markets Look at that. All right, so now here's a new event, right So now I could trail my stop and or add to the trade Am I done? All right, so that look at this ice come in. Can you start coming right there? You got your white snake. I don't personally like home snakes We have in the room. We have white snake and black mamba Just one white snake Make this by ice color because that's just so important right here right now I'm kidding I guess my size for by nq 180 to contracts All right, I don't think I got filled so I'm gonna cancel this So I got time there soybeans probably give me a couple seconds to get out of this Um, I'm gonna cancel this nasdaq because something new just came in right and I can trade off of that kind of sucks I miss this Look at this ice coming in here now. This is now. This is a tradable event All right, you can see the white snakes sweeps white sweeps. I'll call them white sweeps for verse I'm gonna get rid of this old zone because we definitely got an atr above there So that's done. Let's draw this quickly and then I'll head back to soybean so I can trail my stop and or add There's that There's that You can hear the uh, that's bonds. So you can hear them hammering and the tick strike. We got to talk about that too So a bond's hard though. That's that noise you can see right here I want to show you guys something from bond yesterday too where you get a kind of for Actually equities to do with the cumulative volume. It's useful in certain instances. I'll show you that too if we get a chance All right, so this is the new event, right So now I wanted to short aggressively off the red log, right? Let's move this out of here um But we are still I was willing to short aggressively up here Which I just missed right and I'm ready to cost myself like 30 plus points 40 points Three points. Um But now We're getting an event right here. Well, we're still above the yellow log So for me to short this now, I need to see full atr retest failure then I'm going to short On the long side, I'll go along aggressively Off this new setup because we're above the yellow log Here's your setup. Let me uh just quickly. I don't want to miss this accident soybeans, which is trying to do to me already All right, so this is the new event, right atr is 4.57 which is pretty elevated for soybeans Again, this is dynamic, right? So you can trail even if you like nothing new came in you can trail your stop based on the new atr as it changes 3.65 so three and three quarter points. I'm out of this So the top of this known Is 15 and a half 19 and a half 19 quarter is where I won't exit this trade Right and then what I'll do say this holds, right? And this would be broken ice. This is what I'm talking about, right? Hey, someone stepping up and buying right here big money doesn't mean they're going to be right This is my size for by nq 152 contracts really happy to put that trade on nq stop stop sell nq 177 contracts That's really upsetting So we're still on an atr below here yet. So but look what's below here. I wonder if they're going to get their felt down here So what I want to see now The still that we don't know what this is yet. We need to see an atr above or below here if this goes atr retest failure I will go short if it goes atr 80 percent of an atr above here I'll go long because we're above the yellow log still, right? So we still don't know what this is, but actually we have a new volume event. So I got to draw that in more by ice So you can do this one of two ways S&P ice for by 700 seven contracts Let's do this for now. That's the newest event. I'm going to make that a different color How good was that accident ES up there on there at the red luck? That's what I'm talking about. I said these if you're you know, if you're waiting for new lugs You're holding the bag for I'm sure it's moved back down like 30 or 40 points. We'll look at there in a second So anyway, I will add to this trade now if let's just take a look at our lugs Make sure we're not on top of a red lug or anything Our blue lug. I mean, so what's the expectation? Just your new lugs Let's just get every product at one time firing off in here With your new lugs your expectations It should hold prior blue because we just broke blue new lugs. It should hold this that's your target So I'm adding on any bearish signals aggressively with this is my target 16. That's another 12 points away 12 cents away So three points and we said three and three quarter points below here, I will add to this That puts me at eight fifty 757 75 I will add to this trade Put on two for that ad because I'll be risking all the way up to here. So Basically, I'd be risking from seven. So we'll just say eight up to 19. That's 11 cents This is the most important part guys. We talk about this every week 11 cents I can put on three if you're over trading your account, you're going to blow out your account eventually You might get lucky for a while If you have like a $10,000 account and you're trading the normal size products Just again paypal everyone and split it up between all the people on this webinar and send them your money because you Will lose your account eventually take it from me. It's going to happen Gotta trade Appropriate size for your account like on my auto trader I have the auto trader you guys can see on my website where I Give trade signals to the brokerage and they they fire them off for all the accounts um I'm the account the base count size in there is $12,000 and I'm trading micros for that account because you you can't trade I mean eventually we'll get up to you know as that count grows But you can't trade Regular size product or your blog you have a bad day or two. You're done. You're the account's blown out All right, so this is holding what do we say the ATR was I may turn around and go along here now 44 Long so 35 points above this It's 45 I'm pretty sure I can only put on a one lot to this because this this zone is so I'd have to go to Um stop out I'd have to go 34 points below here that puts me at basically 50 And I'm getting in At 45 so I'm risking almost 100 points on this trade right based on the zones and the atr So I could put on one lot And that's fine because the volatility It could easily move to 300 points and that's that's the goal So top of this news. This was the newest event the stark blue zone. That's at 10 34 when I say 30 35 points above here. It puts me at 45. Again, we don't know what this event is yet For sure I'm willing to get in aggressively because we're still above the yellow look We don't know what this is yet because it didn't go in atr above or below or above It goes below I need to wait for a full atr retest fail to get in short because we're still above the yellow look Hopefully that makes sense questions verse This is some stuff and I'll come in too. We'll go over there in a second. I was going to show you guys. What was I going to show you this? We'll go over this in a second Yeah, so questions here hold on just a moment Sam's asking about the what what do you recommend for the one lot? trading On the on the s and pe many so What why why are you trading one lot's trade trade 10 micros? Well, what's your account size? Yeah, and I guess the Percentage wise per like is it 2% risk per per trade or you know, what do you usually so again? You have access to members have this they've they've made this many times so We'll do give you an example. What's your account size? What did you say his name was sand? Yeah What's your account size sand? His question is what what account size you recommend To trade a one lot Well, you know, it's depending on how much first of all is depending on how much you have to risk But most trades especially off the zones, especially with the volatility You know to be able to put out here. Let's see. So say you had a $20,000 account It's a 10 of $20,000. I guess that would probably be 80% of traders. I would think right so That means At one and a half time percent or will even be aggressive, right? Let's make it 2% I'm using one and a half from my auto trader. Let's use 2% that means for a trade you can only risk The risk 2% is that that's the most you should be risking on any individual trade. That means you can risk $400 That means if you are risking more than 16 points on a trade, which happens all the time, especially as volatility. You can't even put on the trade So You know Most of the time I'd say your ATR you're right around 10. You can put on one lot 10 or 11. You can put on a one lot Right. So why not just trade? No, so what you do here is to say it's still the same $20,000 account, right? This is based on the full the the main product make this $200,000 $4,000 risk, but it's still 400 on as the micros You know if you're trading micros now you can put on so it's a 16 point trade You can put on I've micros So what's good? I know you're going to be paying a little more commission, but what's great about this too It's going to teach you how to manage multiple. So it's not you're not all in or all out, right? You can at an area like you saw today. I got out at baby on that eStreet. I got out I got out at baby baby lug and VWAP, right? So this allows you to learn how to you know get in and out We still have a core position on we're not all in or all out, right? So again, yeah, you'll pay a little bit more commission, but I think it's definitely worth it and you can and you can, you know Put on five It's going to teach you and when you see five on it still has a mental effect Like if you put on 5e mini regular, you're like, you know Probably crap in your pants part of my language, right? Especially if your account size is $20,000. Well, this is just teaches you okay I get a five on how am I going to manage that right? So there is nothing wrong with trading micros I trade micros on a couple different accounts including the auto trader, right? So again, I you need at least at least a $20,000 account to be trading a one lot for for the volatility the way it's been lately, right? I mean look at the atr right now. It's it's almost 10. That's just the atr You're not talking about the size of the zones. You're talking about I'm gonna probably be risking No 20 points on a trade and he has and that's fine You know that sounds like a lot, but it's not the s is moving 50 points at a time Let's look at the let's look at what I think we just moved 50 points down right now Let's see Yeah, I mean we went from 80 81 Down to 53. That's 30 points Right, so it's like if you're thinking wow, I can't 20 point I told you guys this the other day. There was some there was some guy in my room Put in his cancellation and he put he put in the notes I don't like the way you matter your risk and your trade so I messaged him like what do you mean? He's like well when I trade the NASDAQ I only like to risk 20 points and Are Trying to make 20 points and risking 10 Well, what the hell does that mean that doesn't the market doesn't care if you're just if you're just Risking 10 points every time you put on a trade and not taking account The volatility you're going to lose probably 90 percent of your trade like that is the dumbest thing I've ever heard And Sadly most traders trade that way right you've got to adapt to the volatility And then you adapt to the volatility and you cut down your size I know it feels like you don't have a lot on but the way these markets are moving You're getting 30 point moves in the es so if you're risking 20 points You already had a 30 so say risk 20 points up here There was a setup already got 30 points in my favor on the move down and you could have got it And then here's here's an example where if you're trading the micros so say you put on say There was a setup up here there wasn't but say there was happens all the time obviously you put on five Well, you're like hell here's v-wap I'm gonna get out of i'm gonna get out of two here Right if you have if you're trading them the regular size contract You're all or nothing and you're like oh should I get out of here? There's no signal, but I don't want to see this come back. Okay. I'm out and then you see the thing do this If you're trading micros. Yeah, you got out of a couple. We used to have three on and you can trade it down here, right? Rantee again Any other questions versus still I'm not in added to this or stopped out of the shut so we'll see what happens there I'm here So I got filled on that little pigs Right to the tech pretty much Couple points. That's five points. I'm filled on that so So what I'm doing now what I say after is the reason I have one here is because I got a risk 34 points below here That's if I remember correctly hold on Here it's 42.7 And you want to try to change your stop as the as the volatility changes, right? But if it starts the strength and changes you can travel your stop differently. So 34 points below the zone That puts me at 51 Hey, right right on this liquidity. I'll put it just below there, but I have a feeling that's where we're going But I'd follow my rules again. There's so many times like yesterday That's a lot we're gonna have to look at euro We're gonna put on a euro trade haven't done that in a while That's a ton. Let's see Um But yesterday, you know when I got short at the red lug it felt terrible It's like this isn't there's no way this thing's gonna stop. I mean the tick strike was going crazy I was like what this is not gonna work and but I followed my rules. That's why I have the rules I don't trade up on what I feel or you know, what I think is gonna happen I'm letting the market tell me what is happening And that it felt terrible and it turned out to be a 25 point one out of the downside, right? So look at this. Wow This is a lot I have to break out the Lugs and euro There are some snakes here, but we'll just start it here. I'm sorry sweeps There that incorporates this event, right? That's step one. All right, so that's that now Let's look at our lugs gotta refresh this Sure, there's new lugs. It should be anyway This just might the server might be known or something because I can't believe this isn't new lugs yet, but If you watch that video again, you can I can try to repost it Um I put it in here the last few weeks that I have a panel of lugs So this will be telling if we do come all the way up here And this is correct. We haven't drawn new lugs and this gets back below the red. That's telling you That is a that is a bearer signal big time bearer sign but As of right now, you know, again, I think there's new lugs in here, but I don't know So let's just Play this as it is. So first first of all, let's figure out our atr There there you go. See that just built new lugs Right, so we're right at the yellow So this should hold Directional yellow worst-case scenario red and move higher what this is your target, right? So we're right at the yellow. So I will you know, right when we build new lugs I'm waiting for retest failure or atr retest failure either way, right because we had just built new lugs That's a different scenario than if we're like up here and we come come into the yellow log And we're still above it. I'll trade that set up aggressively, but we just drew new lugs You don't know what's going to happen here. So this is still a huge setup I will I want to see at our retest failure at our retest failure Let's figure our atr Kind of tricky with 60 the way they have it displayed I'll trade at 60 in a while Hopefully we can put out a trade just to show you it doesn't matter what market you're trading 960 If I'm going to chart ATR is You can always judge too. Again, they're different Percentage or decimal places on there, but you just got to look at the trade and you can figure it out pretty quickly, right? So so that's that I'm just wondering if it's 10 or 100 It's 100. That's a lot. It looks like it might be 100 I mean this trades in half ticks, but I'm thinking that's that's 10 Meaning from 85 down No, that's not ready. I'm on this zone was at 88 and a half. Yeah. Yeah, that's right So that would be 78. I'm looking at the last three digits. So 78 and a half So I don't know what I'm going to do here until this goes either 10 whatever it is This is 99. So I need to see 09 up here or I need to see this is 88 and a half here So I need to see 78 and a half down here. That would be a full ATR You can kind of judge right if it confuses you looking at the decimal because it's different for each product Just look at the way it's trading and see what how many prices like these setups are incorporating So I need to see 10 Which would be more that's like 20 ticks, but again 88 to 78 That would be a full ATR retest failure. I'm in an 8% of that or or that so keep an eye on this It may not happen before the end of the webinar, but we'll keep an eye on that because this is major major size When did I get stopped out of an Aztec yet? No, it's waiting for me to watch Just really nice of it Wow Go back to there in a second. Let's see what's going on in all right. So this is still So I'll still add to this as an ad remember So we're short from all the way up here So it's still up in the air. Let's see what you missed. Do you have any questions, Bruce? Yeah, just a minute here. No, there's a bunch of sellice here Looks like I'm missing the trade pretty usual Yeah, just just to let everyone know if you hadn't been following in the tweet In the chat there though that that currency futures Icebergs do not work for the currency futures. It is stops And also the sweeps that work in there We're right. What you're talking about the you're not talking about that the CME you're talking about the other that you're whatever they call that No, the the icebergs don't work on the currency futures like 6e and everything You can see it's flat through the CME. Yeah. Yeah, it's it's that's just the way it is Well, the stops are working stops stops are fine icebergs aren't Really? Yeah I don't know why I I I can find out more about that but That you can see it's flat line there. There's no icebergs Oh, yeah, again, I don't trade this very often obviously at all lately. Yeah, that's interesting Yeah, yeah, it's unfortunate It sure is. Yeah Um So let's see here. Um, but I'll still trade the you know, I'll trade the stop run. Oh, yeah I mean the stops are still golden. I mean, look at that Icebergs in 6e. No, no, I mean the native icebergs are that that that mbo data for some reason like it's just not disseminated. So I'm saying do they allow Icebergs in there like if I'm a big house, can I put an iceberg in there? And I don't know of a native native icebergs is that's another question. I'll have to find out Yeah, please find out. Yeah, but but synthetics for sure synthetics. No problem, of course Well, then yeah, and then sudden synthetics you want to bring up See if we have this should be set up in here So you go to the little microscope here Strength level, right? Yeah, strength level is the synthetics. Um, but uh, and again, it's it's They're Um, it there can be inconsistencies here. It can be false positives just uh, right? Well, that's why you guys don't incorporate the information in the ass. I don't care anymore Exactly. So the the the um, synthetics like Is we don't really know with the mbo data. We know for sure. There's no it's just fact, right? right So, you know, it is what it is guys. I mean, you know, I'm There's 20 other futures markets you can trade that this one's not showing you all the information Then just don't trade it, right? Well, you've got a great stop. Yeah, exactly. Yeah, this isn't this is this is a tradable event Trust me a thousand stops that that I will be trading that one way or another All right, so quickly Get a retest of this one and crew and let's check out our lugs want to be All right, so we're still above directional yo, that's what you expect Old directional yellow and prior red, which it did to even get close to the red So I will be trading bullish setups aggressively as long as this didn't get an atr below the zone It's still in play for a bullish setup atr is 23.5 So doesn't trade naptics so full ticks the top of this the bottom of zone was 16 We traded down to 96. We did not get a full atr below there So this is still a tradable event to the upside as broken ice All right, so then Figure out our 80 percent. That's 23 and a half again 80 percent this is already set up to figure out a percent 18.8 some 19 ticks above the zone I will go long As long as we don't get an atr below here, which we didn't So that we're going to get 27 so 47 46 I will go along this market And that's based on this sell ice that came in If you had even more here, this is even a bigger zone at the downside Let's incorporate all that you want to you know, make sure you get all this and actually to the upside as well. Yeah That's only a hundred This one was 148 150 is my threshold. So you definitely want to cover that one You mean you could incorporate this if you want just pop it up a little higher Still alive and nasty by the way, I think it stops out of there. Yep All right, so that's the zone we got to go change this a little bit So we're going to go 19 ticks above this 31 so 50 if I get filled my expectation is red lug Which is 92 21 and you want to watch I might take a couple off This is what another reason why I want to trade micros I could you know, you can take a couple off at the baby love too if it struggles there That was there It's 9150 alive is still holding this zone Let's take a look at our internals as well. Look at these. I know we were pretty negative earlier But we recovered handsomely Here's the add got down to almost trend down day anything under 2000 negative or 2000 Positive is usually trend day. You can see a touch there and just ricocheted And that was caused, you know, obviously there these are all the stocks Are advanced to client of the stocks and that's what caused the futures to rip You can see the Vixie or two get this stuff out of the way This was this move down move again the moves opposite of equities removed down that caused that Now it's starting to rally tick. We've made some extreme down moves again The red is you see anything near a thousand. That's something to note We're at we hit a thousand a few times and nothing on the upside that's interesting You know for later in the day if we start to sell off. This is nasdaq tick But the same hit about 800 both ways. All right, so Uh, nothing really to be gleaned from that besides the bungee jump. So no filling crude yet And that and then I want to see Bonds are getting killed. I mean, I don't know if they get killed But they've been selling it for the whole hour we've been on here hour plus Let's check it out and I can't fill down that yet on that add to the short side Um, I was going to show you guys on two at once and I'll show you in equities That's natural gas This is well guys if you want to be trading something that moves, holy cow This thing is just and it just respects the zones perfectly and lugs. It's ridiculous This thing's moving 100 200 ticks at a time natural gas Uh, you know, they don't have a micro product that they have up. It's called nqg. That's the cqg symbol That's it trades a quarter of the size. It's not quite micro obviously. It's not 10% But where are the bonds? I know I had bonds in here. I don't know what happened to bonds All right, just put it in here don't get any signals. I don't know how this We got to wait for that to load but so obviously it was getting smushed Here we'll look at the five minute chart instead So quickly the tick strike. I get some questions about this after that So I've been using this Pretty much for 10 plus years. I used to use it, you know before book map and everything It would just alert me of something so I'd have all these different markets up But I have you know silver you know crew whatever and that you can hear like bonds It alerts you hey something's going on in there. So what this is telling you It's telling you the speed of the orders coming in and the size and that's an algorithm that they have that Um, then alert you right and you can set this to whatever level you want So the higher it goes from 1 to 15 it used to go from 1 to 10 It's 1 to 15 now So if I put this at 15, it's not going to make a noise unless it hits maximum sign That's how I you know I put mine at 11 for all my products because I don't if you have it on one Then you'll go off not stop across the board, right? If I have it 11, then it's only going to tell me when there's some serious size going through That's all I really want to know, right? So That's important just to be alerted before the markets firing off But then you know, I use these to know if the stocks are agreeing with you This can be a new event so I can It's right in the middle of that so no I'll come back to that in a second. So this just telling you what the what the main these are the highest like this These are this is 20 of the of the index that the futures are based off of these these few stocks Right they come the fang stocks So it's really good to know when we come to an area If you're you're looking to short or go long or whatever or get out of some if these stocks aren't doing anything You may want to get out of some right? It's just another way you can manage your trades Um, so this is I'm you go to my website. This is on there. You can get discounts to that among other stuff Everything on my website. You can get a discount for it. Just go to scoppelsonycharter.com But that's what this is and you can see nothing's happening right now, right? So that's why it's a chop fest You can see we've just chopping around here very much for the Three-quarter of this webinar. So it'll be interesting when these things start to pick up and which way they do That's just gonna help you judge Just another factor Again, it's not like you're going to be confusing yourself like You know, you guys that have 85 lines on your chart where you can't make decisions. That's just just giving you information That's going to help you You know in conjunction with the main stuff, which is this Number one and then level it goes all right So you can see this bias came in here 208. It's right in the middle of this zone You can actually shrink this down now though so I can trail my stop a little less And then I have to go I mean it's not much. I'll just leave it because it's not it's like five points So it's inside this other zone So remember I got in aggressively off of this zone because we're above the above the yellow Look if this thing sells off and stops me out and we get an ATR to my size for itself and few 151 pound for another event This is almost certainly coming down here to stop me out because this liquidity is here And we all know the big money gets their way and they're going to push it right into their liquidity Um, but I can trade this now as long as this gets below This is the new event. There's actually more coming in so we'll draw this new zone Let's wait a second, but I can trade that to the downside as long as we get full ATR retest failure. Let's see. We are on the lugs Still above the yellow log right at VWAP nothing really a market profile below yesterday's value area But you can see when we opened up Overnight we got down into this and we just ricocheted right off this composite So we're going to come back and retest and again inside and do that We'll see let's watch myself get stopped out first though. I never got filled on crude yet. It's still in the middle of that zone MQI Seisberg sell NQ 150 to contract. I'm gonna draw. I'm gonna get rid of this Because we've had a couple new events So this is the newest one now you got almost this is almost over it's over 600 sell ice This is what you want to see so you know So there's You know whoever's buying in here is running right into a while and look at it still coming in Whatever way we move out of here. You're going to get the major move And that's what you wait for I'm not going to trail my stop based on this new zone. I'll just let them stop me out Risk more points because I think we're going to crash now But let's see we're definitely going to hit this liquidity like right now because paper will push it into their orders Because that's the game all day every day All right, so again, we're still above the yellow look so I cannot I'm not going to take any short signals aggressively Right meaning 80 percent. I got to wait for the full atr which is 42.56 of 43 points. Say look at that. It's going to get hit to this liquidity So I need to see 43 points. I need to see a retest. I need to see failure then I'll put short S&P stops top sell ES 503 contracts I'm getting tired Be rid of this zone because it was from earlier We already moved way above there. Here's your new event You know, you could you know, there's times where if it's really dead and you haven't been seeing a lot of size You could make this a zone. It's close to threshold, right? I'll just draw it right now because it has been pretty dead But you want to you don't want to get in the habit of keep going lower and lower and also in your drawn zone for like You know 300 250 because I'm telling you you want uh, you want a Enough size to trade it and you can see the swipes. Was it they were a thousand the sweeps I'm running so we'll make a yellow a beans in my head This was a great trade and I didn't even have to watch it S&P I cyced for by ES 712 contracts. All right now. We got now. This is a delayed double whammy, right? So you had to sell so a double whammy is when you get this the dumb money retail puke into the the big money you can see These are two events, but they add up they're right after simultaneous. It's this and this they add up to over 700 Right, so what I'm going to do is I'm just going to expand this zone a little more Because this is a double whammy now. It's just a delayed double whammy meaning Here's your cell Here's your puke And now here comes the by ice. I'm gonna make this and we can trade off this event and hold you to that that Well, you know like 10 things will fire off now because every time you mention I'm oh, I'm gonna hop off after this Is because the markets and the markets know what I'm doing because they're against me. I told you that All right, so that's the first step. What do we see here? We're above the yellow lug So I will take bullish setups aggressively Parish setups I need to see full atr. That's the second step. What's the third step? Check your atr 8.79 So I round up You know, it's over eight and three quarters. So nine points. That means I have to see nine points below the zone And then a retest Then a failure 80 percent then I'm in and I'm risking 80 above the zone I know it seems like a lot That's a lot to occur, but it happens all day every day and you listen again. I talk about this every webinar That's how I trade these zones How you trade the zones is the art the science is this there's no disputing what's going on here How you trade that you may say, you know what? I don't want to wait for I think based on If you're looking at something else and you're like, this is very bearish I'm getting in the secondly break below the zone. Fine. You can trade these however you want That's how I trade them based on Watching thousands and thousands of setups over the last three years, right? So if you find a better way to talk about this all the time in my room If you come up with a better way, I will definitely listen to it, right? I don't incorporate stuff easily into my trading But if you show me something and I watch it and it works works works, well, I'm not going to ignore it Right. So this is the way I trade them. If you come up with a better method, let us know I'll check it out But this is the way that I've determined the safest way To to trade these where you're not just getting in and then you watch that, right? I've just watched over so many setups where if it does travel the full ATR and retest Again, this is like the guys holding their breath waiting to come back and as soon as it comes back Then they initiate to get out and that's what this is. That's what I know I trade But you can trade them any way you want if you think you got a better method Yeah, this is the science. There's no disputing this. This is the art All right, this is all happening basically in the same zone. So this zone is really important here And we got a really important here zone here in NASDAQ Still haven't been stepped out of this little piglet, but it's going to happen here shortly, I think So I need to see again. I got to see 42 points below here to even consider shorting this I got to see a 40 42 point move Below this zone retest failure And then I'll go short because we're still above the yellow So the query you got there first fell they're not done, of course They're not happy until everything gets filled and then it could possibly do that, but let's see It's all one big game if you can know what the game is And then you are ahead of 99 percent of the traders Still not filled on this ad and sorry beans. We'll see So remember again We're we've never gotten ATR below here. So I will I could potentially add to this trade If we get through 80 percent of ATR above this newest setup, right because we're still above the yellow I don't think that's going to happen, but it doesn't matter what I think I'm going to let the market tell me That's that above the yellow lug above the yellow lug Russell we didn't talk about this, but there are some monster iceberg in here today right at the open look at this Only a thousand my threshold for Russell is 150 So about 10 times or eight times that You can see it was just off to the races. I'm sure I'm almost positive. I missed trading this and We have to be above the yellow lug Yeah, so that was Yeah, that would have been down here. We would have been above the yellow lug No, maybe not. This will make me happy. Let's see. We're below it at the time. What time was this iceberg? So that's 737 my time 837 central No, of course We were right here So I would have been if I would have marked it up and then something else took my attention as usual That was this size or by ice I would have been at three quarters or 80 percent of an atr right there I would have risk 80 percent below there, which would have put me back below the yellow lug and I would have caught this entire move You and I would have probably I would have got out of some here probably all of them But but you there was another setup where you could have got right back in right with your new lugs get back in This is because so many times when you draw the new lugs It'll come back and retest the yellow or the red and so many times there's another setup You just get right back in the tray. Remember this is dwarfing any normal size Because this is showing like a relatives. So like this dwarfs anything that may have happened So let's see you could combine these two these were back to back So this is why I have this on this is my settings here. I have it on reset, right? Because I want to see and you want to make sure your stops are at 10 seconds I have my Icebergs for a minute and I have my stops at 10 seconds because I stops should be instantaneous I don't need to see them over a minute. I want to see this the quick spike Icebergs sometimes take longer develop and then just make sure so this is the sub chart And then this is the alert. So make sure that these times so many guys in the room too They have these different So if these aren't matching these two down here aren't matching the ones up here You're going to get different voice alerts Based on the the time period right if you if your time periods are off. So make sure these are matching Right nice bergs at 60 seconds icebergs at a minute stops at 10 seconds stops at 10 seconds So I have it on reset mode So you want to pay attention if there's like spike spike in the same area then you can add them together, right? So this was a hundred. This was 50. That's 150 So I'm pretty sure this was right at the red lug and I could have dried it off that and Trailed my stop below there and still been on the tree This was a monster trade Any other questions Bruce? I'm gonna pop off here shortly Uh, no no, we're all caught up. I'm up here. All right still live on this one guy So remember I will trade 80 above here. I will put on another contract Based on this new setup Well, actually that's pretty much where we're the old setup was so I'd be risking double I probably won't put on a new contract if this was lower say this is like You know down here or even up here and I got a new setup where I can trail this stop Then fine. I'll put on another one but me putting on another one just like me having two on risking 100 points All right, so I probably won't add to that but I still got the one on there. I have a question on that Scott actually um because uh, I always kind of find myself going through that um kind of Q&A of like well Yeah, I want to add into a trade even though it's at the same level. I'm adding more risk. However If I see though a big event that gives me more edge. I still I still know I have an edge Um, I still add into the trade Um, I don't because I had the edge in the first place, right? Well, but it's a new event though. It's a new event It gives you more insight in a in a bigger edge But you're but you're the the question is like well, do I or don't I add at that point because yeah, I'm more Certain that the problem. I know the probabilities are higher now. So but I'm also adding at the same level Right, so what's it's all trading as is probabilities guys. That's all it is. You're gonna have losers non-stop It's when you you know, it's a percentage game and it's a grind and you got You know, you make a little lose a little make a little Make a little lose a little and then you catch the huge day and again We talk about this every webinar then you have four or five days that make your entire year That's what trading is if you think it's something different. You're incorrect Where you think you're gonna grind out a profit every single day. It's not gonna happen. Um, Yeah percentage wise I just got filled and crude of course I was gonna hop off Remember we're gonna be long this so quickly But yeah, if you see another event there, you can view it that way I just know I had the first event that's enough and I have my I don't want to risk double the size I'll wait if we move higher and I'm able to trail my stop absolutely Okay, but you know, that's just the way I trade trades it a different way. There's nothing wrong I'm not saying that's the wrong way. I just don't like doing that my personally Okay, I mean because you're not you're not getting anything out of the cost averaging At all, you know or very very little. Um, but uh, uh, Yeah, anyway, okay Point made understood So this is about the same so 19 ticks above here or um 19 ticks below this zone My stop now, right because I got in aggressively because we're above the yellow log and now my stop goes The bottom of this is oh Six, I'll just say oh six puts me at 86 87. So I will stop out at 87 I might have too much size on here and let's check real quick 80 you should do all this stuff before you put the trade on that Come on, I think my one guy hold on here. We'll go back to mq in a second Of course, I'm trying to get off like every time um So I'm in at 50. I'm risking down to 88 So that's basically a 42 tick trade. Actually, I think I can have I can have full size on here Go here. Let's make sure this is correct 40 ticks. I can have more on 42 ticks. I can have five on Again, you want to figure all this out before you have trades in I just got lucky that I hung around here Maybe or maybe unlucky Worked to get a come back All right quickly new event in nasdaq. So now this is what I'm talking about. So now this is higher So first and foremost, I can trail my stop now based on the new event There you go 170 stops. Let's get let's let's get some of this stuff out of here. Here's a new event Draw your zone Start there be pretty yellow Oh It's awesome because now I can trail my stop on crude. Just turn it. Let's Let's see this first. I got full size on this puppy. So I want to make sure I'm not uh So here's new event 200 Please don't free fall before I get this drawn. Please Don't do a crude What do we say 19 ticks? So now I go 19 ticks below here puts me at 41 So now stop is trailed to 41. So I'm basically risking nine ticks now based on the new event to make Make it run all the way to lug and I can add to this which I will Right check out your lugs. What's our objective red lug 92 21? We do have baby lug right here I will still add it into a baby lug. I won't add like if we were up here at the red I will not add to that but baby lug is 91 85. You can see it right there What do we say 19 so 19 That puts me at 93 That gives me another That gives me another 30 plus ticks to the red lug I'll put that on So that's 93 here. I will add that'll be above the baby lug, which is good And then we know our red lug which is our objective and or higher if I can just bust through there's 92 21 So this one's kind of iffy because I'm only risking. I'm basically risking 30 ticks I mean I'm risking 50 ticks to make 30 ticks You don't really want to do that overall because that's not how you make a living trading But I you know that'll be profitable and the first trade I'm not going to lose anything on so I'm fine with that, right? I'm going to lose a couple ticks if that fills me and comes back And then the the red lug is up here That's that trade Quickly nasdaq We can add to this too now again because this is higher. This is how I add I need to see it not in the same area first and foremost Trail my stop 39 39 bottom of the zone is that I'm gonna say 15 That's 85 About 86 So now I can move my stop from here Yeah, it's in the middle of the zone. Actually what I'll do is I'm going to move this So this is where you have to use a little judgment, right? I do I want if this pulls back Which it very well could do I want to stop out right in the middle of a volume of that? No I'll put it just below there. I won't go ATR below there, but I'll put it You know, I'll risk 10 points. That's nothing in nasdaq all right, so now if this moves 31 points above here now I can add to this trade, right? If this does this stops me out goes a full ATR it'll retest and it fails then I'll go short Because we're above the yellow lug still I need to see ATR or I'll add then stop goes in the same spot Hopefully that is clear I'm not complaining because this is getting hammered now But I got filled on my ad if I can bring it over You know, there's the ad right there Objective is pretty close here. So I got to keep an eye on this because I remember I do not mess around at the at the blue and red lugs I will get out unless it just rips right through there Yeah This looks like it's far away, but it's really not there you go. So baby looks at 04 So I will watch that closely. Well, this is going to be my finale on this webinar Let's see what happens here. We're pretty close right now. If I start seeing If I start seeing there's open there's the baby lug if I start seeing blue I'm gonna get out of a couple here and I'm gonna get out of all of them at the at the blue lug Blue lug is out at 14. There we go. That's close enough to blue lug I'll get out of four if I see this thing start to rip back up I'm out right there. I'm gonna keep a couple on see if we can get the blue lug I don't mess around man. Like if it's close to that lug You know four cents is kind of far, but there's a baby lug right here So say there was no baby lug I won't get out four cents in front of the lug But I mean if this gets in one within a couple cents Like it's right, you know dancing around here. I don't need another I don't need to try to squeeze out one more cent to watch it do that I'll just get out And then again if this is truly continues to go we're going to build new lugs I'll wait for a new short setup and I'll get back in Again, we saw how powerful that was when I got out of that es trade, right You don't want to be messing with this is why I use these things I would have been I wouldn't hold in the bag for 30 plus points It's coming back now, but this wouldn't have felt very good All right, so I just get out I wait for a new event They happen all day every day in all these markets All right on that note, um, actually I would just put this in so I fill there Quickly crude may come back and stop me out for a break even So once again, you should not be seeing a bearish event Volume event if I see a bearish event And we didn't tag the the red lug like I was just expecting and we get ATR retest fail I'm flipping it. I'll be stopped out and then we'll go full ATR and then I'll go short Because you should not you should see nothing but bullish events until we get to the red lug Things change quickly, right? But I'm ready to flip if this doesn't agree with what should be happening So that'll be a tiny loss if I get filled on that and that's fine So just imagine if you're trading anything here and you were longing like yeah, I got them And you don't see any of this you're sitting there holding this this thing can do this and you're like Well, what the hell why did that happen? Well because it ran in it you had your Dumb and Dumber This isn't the wrong color. This was a stop event, right? This was buying that wasn't real buying if this fails Sounds like you have an ice cream truck and you should not see a bearish event now What'd you say? Sounds like you have a iceberg. I mean ice cream truck in the neighborhood or something That was my alarm. I don't know why it went off right there, but All right, so there you go unless there's any other major questions. I am out of gas Hopefully this holds if not I'm out and I will potentially look for a short All right sounds sounds good. Um, so, uh Well, I didn't miss a trade here by the way. What am I doing here? Why wasn't I getting long this? What am I doing? That was a stop. That was the dice should have been 80 percent And that's already 15 points up there That's nice I could play they forgot about that one. Well quickly just for good measure Here we are lug The lug I mean I will if I see blue here. I am out of this trade Could you bust through that's this by the way? magical lugs Tony you guys this with the volume It's the best edge I've ever seen ever Times time All right, that's it for me bruce out of that. That was a great trade. I had a good trade in the s Still alive and nasdaq was able to trade on my stop The crude trade at worst is going to be a few to a few tick loser once again my awesome 80% atr Kept me in that trade if I was 75 I would have been filled and complaining still alive in there There you go All right, excellent, uh, great stuff, uh, scott I mean, uh, I love it when you you just got your on fire with all these markets and uh, it's just uh, it's awesome to watch Except for this one that I missed So I this is my typical this is the wrong mindset to have but I won't like enjoy my winners All I'll do now is stew that I didn't put this long on right here I mean I am long nasdaq too, but I should have totally been long this setup right we're above the yellow lug. I should have been an 80% of an atr Again, that was just just slipped my mind All right bruce. Well, that's it So you guys I do this twice a day in my trade room every day Most every day I usually go off on thursday afternoons, but this is exactly what I do in my trade room, right? You get the course if you don't know the setups and learn that stuff and you are on your way to become an Profitable trader if you follow your rules Yeah, I'm I'm putting a pasting into the chat there. Um, your contact information, uh, again, so Just in case if you guys are interested, uh, just reach out to scott here. You got his email, etc Cool. All right. Well, uh, yeah, thanks scott awesome And uh, yeah go go enjoy please Yeah, I got it. Well, I'm going to the voice management open tomorrow and sunday So I'm definitely going to blow some steam off this weekend Excellent. I'll be on the 16th. Hold on sunday. So that's going to be awesome. That's that party hole part three Okay, um, all right, excellent scott so like a two hour, uh, uh, webinar here basically, um, uh, Really appreciated, uh, and it's really great to to peek over your shoulder on these trades and see how like, uh, Uh, you know, you're waiting for your event, uh, you're you're then you you check out the order flow around that event You check out your higher time frames, uh, and then you manage your your trade All according to all according to your your rules that are very very simple and straightforward Right again all the time. I feel like it's a bad trade or I don't think something's going to happen But I still put the trade on this is It's fine. So again, look what's happening here So hopefully we draw new lugs here and I get another event. I'll go short again But yeah, I mean so many times I feel like it's going to be losing trade It doesn't matter what I feel I follow my I follow my process, right? And if you have a process that gives you an edge, which this does again, there's no bigger edge I've ever seen Then all you do is follow your rules and put your trades on you're going to have losses and you're going to have huge wins Right. That's trading. Yeah. Yeah, just just like today. Well You missed one or you're upset you missed one and then you had a A couple losses that are turning into winners now actually but Uh, and you're fine. Uh, plus you had some some massive winners. I mean, that's A really good kind of uh Overview of like what you just talked about All right All right guys, so hopefully you learned that's the whole point in these webinars. Um I'll see you guys next thursday. Thanks a lot scott Thanks. See you guys. All right. Bye. Bye