 Good morning traders and welcome to the live trading webinar today with Scott Pulsini futures trader He will be trading live And it is in demo paper trading mode and we'll go through the descriptions here live trading so that you understand What exactly it is? But yeah, this is the completion of our educational process here that we have an educational course that is free It's for you to learn how to Read and integrate order flow within your trading Which we think provides an edge we have live Advanced webinars that go through the daily market activity in the live market to understand How to apply what you've learned from the course and then we have live trading from various traders Like Jay trader and Scott Pulsini You guys know who Scott is he's been trading for over 20 years and was responsible for trading about 10% of the S&P E-mini volume Back at 2002 to 2005 So we're very lucky to have him here. He does offer mentorship. We have his contact information here I'll put this into the chat so you can reach out to him Let's go through the disclosures and then turn it over to Scott 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 cannot Executed in simulation cannot accurately represent realistic trading performance the risk disclosure trading futures equities and digital currencies Involves the central risk of loss and is not suitable for all investor Vestors an investor could potentially lose all or more than the initial investment risk capital is money that can be lost Lost without jeopardizing one's 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, let's turn it over to Scott and Scott you're ready to go Yes All right, how are you good? So I don't see your screen yet. There we go Okay Got it Yeah, the yes screen here. Yeah, got it. Yep. I'll set to go Okay. All right, so just finally I sent the fire off here. I took a trade aggressively at NASDAQ earlier Lost on that one. I'll go over that here in a second. But this is a new setup. So to draw this Yeah But this was social 509 509 stops you can see the sweeps here as well So one thing you need to know when you're drawing these stop runs and I forgot When we had the meeting with the developers first, I forgot exactly why they said this is by design And to December stop stop by what's that Scott? 74 Tom Brats How the mark how it starts to draw the Stop before the actual spike on a sub chart it's on the on chart. So it seems to always it does always start before yeah most times Yeah, yeah, it's It basically an aggregate they're kind of on the sub chart I mean it kind of waits but it into before it kind of reports it. That's why there's a bit of a delay And and believe me like yeah, if we did it like all you know sorts of Details in there it would Use more memory Well, why why isn't it for the icebergs up? I don't know Okay It's not a big deal. I just know the stops the point is all you need to know is stops usually start before The spikes so just to get your zones accurate if you put the on chart on You want to have it less than threshold just so you're able to see I go to on chart. He has December stop by yes, 503 Tom Brats. So just Get less than threshold just so you can see you know more You can see the line a lot more often It'll just have to draw your zones because I I don't draw my zones off on chart I draw it off the sub chart, but this just helps you see that's red line help you draw your zone And show up some more examples probably like right now If these markets were looking over the edge of the abyss and they have held which is Talk about that picture picture stuff But many times when these when markets look like they're when they should do something based on you know structure And they don't the subsequent move the other way is huge. So It's just gonna happen yesterday, and it didn't it kind of just bounced around This is a big step run and I didn't draw this properly. So it's I know this wasn't threshold where my threshold for stops is 500 But you know it's close enough and then it's spiked up to 800 here Just trying to find the exact price at the start I'm not gonna see the red line because this was under form so we'll just draw right here so what you see there I've been The best way to do that is to pull away your the bubbles on the slider to help you draw it and use that last price line I've been starting to do that again I didn't realize for about three years that I turned this off right when I got book map and then I realized Someone point out in my room that if you you know, you hit right-click here configure visible components last price That shows you the actually less straight-up price line I was drawing my my zones off the bubbles, which was not accurate So like I said, I wonder how much that's cost me over the last three years, but we have now Adapted and Resume so Bigger picture stuff. That's what I was talking about this market one Fail breakout Should have done that did not when you just see fail breakouts this move should have been like that It didn't it held held this zone Hold this prior balance area put in this tail yesterday. I told my December stocks top by yes 510 contract told my training room for breaks this it's there's nothing here Structuralizing is going to be a disaster and then it held and now it's doing this this market should do one of these And that is in line with the spot gamma We'll read that here in a little bit, too. They're calling forward based on the options complex Calm for a rally into OPEX on Friday or tomorrow So this could be a rally up back up to here this zone here, which is important. This was Directional conviction from here Actually delete deleted this zone for this gap down because we tried it through it, but you can see this is where this Started we opened up right over here the other day and this thing that's smushed So it looks like we're gonna give this a shot again. So this is all the way up at 37 75 That's what I'm expecting based on so every every day every morning I come up with a thesis of what I think should happen based on this charting, right? I'm a day trader. I you know the real-time volume setups the SI indicator setups dictate whatever I do But when my thesis aligns with the real-time volume, then it's like it's it's go time, right? And you can trade bigger so on and so forth. So like I said, this should have done that It's now doing that so I'm expecting a subsequent bigger move than what should have happened there Because it didn't happen. So that's how I see it Good thesis isn't always right. It's probably 50 50 But when I get this in these volume setups in line with my thesis, then I'm extra confident And you can trade more size granted. You don't want to be risking You know more than your daily we talk about this every single week. You should have a daily loss limit This Guy's entering the room. We're just driving. I mute it every week and it comes back every single time Yes, December stop by. Yes 717 Congress. It's just stop by DC 222 contracts So you don't usually see set up after set up after set up like this, but it is what it is This one you can see this is another Lot of puking here a lot of guys look at that chart and thought we were dying like I thought was gonna happen and Loaded up short and now they're all puking out their positions, but there is something to know here, you know This market's moving up. It's not by ice, right? It's not like big money is trying to hold this up These are all stop runs. So it doesn't really matter right now as far as you know What's going on the market's moving up? But you know if this thing gets to an exhaustion point you can tell yourself You know we get up to these areas up here And this is a little down the line maybe later there tomorrow You get up to these areas up here in this prior balance and you save yourself. Well, I remember there What webinar yesterday? This is all stop runs all this buying. That's not real buying That's just guys puking yet. It still propels the market But is that able to sustain when we get to important areas and I'm gonna say no So I'm right now. I'm you know, I'm not gonna fight it But when we get up there up to those areas like 3775 37 of 3800 Unless something changes here, I know this and all this buying to move it up there is just stop runs, right? That's important information when you're coming up with your bigger picture view All right, let's see where we're at. No, this is my process So I draw my zone this is the latest setup and I always revert to the latest setup See 717 by stops And then I take a look The thing they use in my day trading are Ludwig levels. They're extremely powerful support and resistance. You can see where we're at right now. So As I've watched my prior webinar, this is actually A very important area you get for right now. So you have red lug, which is Very strong resistance. You have extreme standard deviation of the web You also have the top of a two-day market profile composite on one, right? So when you get to call that confluence this this you have three different things going for for a short here Um, you know if this fails, so I will short this aggressively out of this zone. I'm gonna re-up and get this set up So the next step is ATR is 8.68. So then I go to my new handy-dandy spreadsheet I'm hoping I don't miss this trade This isn't part of my trade room now It's incredible. Jay Labrada in my Trade room made this for us. We're doing a shorter term training this ATR trade up here That's more like a scalping type of trade even though I don't like these word scalping anymore But it's way more engaging or it's not position trading on these webinars and I have two different trades I have the position trading and I have the scalping or the reversion trade. So for these webinars We are doing the position trading if you want to see the ATR trade Move to my room. Um, all right, so let's so we put in the ATR The bottom of this zone was 36.75 So I'm going to put that in here 37, 37, 75 Another good thing about that spreadsheet that I didn't even realize until here in the second 37, 38, 75 So you got the ATR top of the zone bottom of the zone now we go down to the position strategy I can short aggressively at 27.20. Obviously it's not 27.20. So we'll go 27.25 I could put on three. This is my risk. I risked 2% of my account size Trade so it doesn't matter how many points you're risking it matters You adjust based on the volatility just your size, right? And I'm we'll go over this to go on a little rant here on the email I got the other day which people just don't get it for some reason. This is why traders fail one of the main reasons We'll go over that So I should I should be in at 29. Didn't quite get there. I will put this in And it's actually we're going to be right below this prior zone too. So I like that So 27.29 quarter is where I'll enter and I can put on based on my risk I can put on a three lot You could round up and put on four, but I'm just going to put on three. It's 3.22 and I'm not trading micros obviously so 29 quarter I will short that aggressively So I have two ways of entering these trades aggressively conservatively conservative trade is I wait for a full ATR I wait for a retet. This was a full ATR by the way because my entry is 110 of an ATR So I'm just outside an ATR, but you can see how these algos Stopped and snapped us back right at an ATR. It's part of our reversion trade that we're doing tomorrow So hopefully some of my trade members got that one So the conservative entry is this this this my aggressive entry is just getting in right when it breaks 110 of an ATR Outside of the most recent volume setup. So I actually got that anyway. So this is a this is a I'd be in this trade regardless. This is what I'm saying. I was going to be aggressive based on the confluence we just talked about the red lug the Market profile extreme standard deviation of VWAP the other thing you want to look and see what the relative volume looks like Because if it's huge, you don't want to be I don't I wouldn't I wouldn't have been aggressive. I'm I sure I still to shorted it on our ATR retest failure But you can see here. It's really nothing. It's normal. It's not like crazy And when you start getting volume like this where you get 200 300 400 percent of normal That's why I love this type of chart chart is showing you the exact time period of the day For the last 30 days. So I know for the last 30 days. This is just normal normal volume So I'm not afraid the big money's coming in here to run me over if I was going to be aggressive about this setup Yeah, I'm gonna change this color too. So I don't get confused All right, so that is that So now I'm just waiting so The other thing is I would not go along this setup for two reasons one first and foremost We're right at the red lug and wait for it to bust through the lugs of the red lug build new lugs Because I know how powerful those Ludwig levels aren't right as far as I don't mess with the red lug unless I see a market moving up to the red lug Might as well just show you the lug And I see extreme relative volume then I'll give it a shot if I get a setup that warrants, right This relative volume No, it's not it. I just showed you the relative volume. It's normal. So I'm I wouldn't go along here anyway, right, but Um, I forgot what I was saying Oh, I was um, so even if I was going to go along this setup has been disqualified as along Because we've got a full ATR below here So from my experience of watching thousands of these setups over the last three plus years I Realized determined that if the market is able to get a full outside Or at least a full ATR away from the the setup then it's not valid going the other way, right If this is truly bullish right now you get this stop run Right and then the big money holds it up here It's one of my six setups of my my course and what I trade off of it's called a stop and hold Right. So if this was truly bullish right now, this would have the stopper and would have fired off like it did And then the big money would have come here, you know So I'm not saying it can't go up But I'm saying from my experience if it's able to push an ATR away from there I I don't want any I don't want part of the long and then it cancelled Now what just happened? We had a new setups and I had to cancel this order And I draw a new zone based on the new setup, you know, like I said, this doesn't usually happen all the time You can see this These are just major pukes is all this is But you see like I didn't just jump in a short there, right? There was a lot of reasons to short there, but I let the real Wow Talk about a puke fest There's a lot of reasons to short there and this is the beauty Of the most important thing in trading the real-time volume I stived waited and I needed to see a certain thing to short it Based on the real-time volume and my setups and I didn't get it And I just avoided getting run over on this move, right? How good did that short look? People playing market profile, you know, even the even the bigger picture. This was back to the high volume note of this balance area and There was a lot of reasons to give that a shorter chance Right and it just ripped right through there and I just avoided the loss Why because I rely on the real-time volume, which is the driver of markets Not price volume You know and I saw something on twitter the other day Some guy was saying uh price action price action is king that rules. Well. Yeah price action is Is important, but why is it king? It's king because of the volume coming through not because price doesn't move price volume was price, right? So that's what You know, you need to realize If you are if you're already a successful trader, you're not using me with that volume You just don't have all the information, right and you could be even better Yeah Scott to to further that uh explanation. Um, just to to get into the order flow definition here Therefore if if it's volume if it's price action Then it's volume and if it's volume that means the order's Transaction of orders. So order flow. Uh, this is uh, why we can get an edge in order flow It's a little like it's the edge, right? So that's all I ever talk about because It doesn't I mean Yeah, yeah, I just need to make that kind of uh, uh connection because a lot of people are Unfamiliar what order flow means Just orders coming in the order book. They're either, you know, these are these are resting orders But you have market orders coming in the order book. You have hidden orders. Those are the icebergs, right? Those are that's the big money that hides their orders because this 80 to 90 percent of the trade are algorithms, right? So big money can't come in and put a 2 000 lot in the order book They get filled because the the elbows pick it up and run it away from them Then try to make them chase the price. So it's just a big game that goes on a catamounts game all day long So that's why there's icebergs. We haven't seen one by the way and we've seen nothing with stop runs But so just remember that as we move higher and higher and higher when we get to an important inflection area Like I just kept talking about That's an information to know you say hey, I'm not afraid here. This is this entire move up What's not real buying was just guys peeking, right? So let's go through this process again 46 quarters the top of the zone 43 quarters the bottom of the zone The other thing I was saying was awesome about this This spreadsheet is in my room when I put in these zones because a lot of people struggle when they first Start book map or get book map and drawing the zones. They don't know if they're right While you get the master sheet of this and you can see exactly where I'm drawing my zones I actually just When you get in here, you want to make a cop when you get in my room You want to make a copy of this so you can edit it? But you want to keep my the original one and then you can see when I make a change You can see the changes so you can see exactly where the zones are Which I think is very helpful for people that are you know new and struggle in the drogo zones, right? So all this stuff will transfer to your spreadsheet All right, so now Now we have to reevaluate right we're kind of yeah, see we just turned new lugs So I was willing to short that if everything lined up and it did almost we had everything was lined up to short that But the volume said no, right? So now we have new lugs So I'm not going to go short aggressively here now no matter which way so we have our set up here Right on the other on the book map. I'm going to wait for ATR retest failure to go long I'm going to wait ATR retest failure to go short. So I'm open to either way I think this market is going to rip like we talked about the beginning of the webinar Based on what didn't happen yesterday and today this thing should have died It didn't the subsequent move is usually much much bigger, right? That's exactly what we just talked about that's exactly what's happening. Why didn't I just go long? Well There couldn't the way I trade I'm a day trader I come up with my thesis and we were at the red lugs so I wait for new lugs now I can go long aggressive. I mean technically we are above the yellow lug Right, but many times when you form new lugs it bounces around Lug lug with level, right? So I wait I could go long aggressive here, especially with a break out of this Aggressive just meaning the minute against an ATR out of here 110% of ATR out of the area just drew on long Right versus waiting for ATR retest failure. I will wait for ATR retest failure I may miss the trade. So you've got to be you got to understand that and be okay with it Where so once again for me to go long here that I've got two options I could wait for a full ATR which is about nine points and just get 110% of an ATR and just hop in Or I can wait for the full ATR retest failure again, and that's the most conservative the more conservative venture So I'm going to wait for that, but you've got to realize Some sometimes you're not going to get the retest and you may just rip and you're sitting here You know steaming fuming because you didn't take the long And that from watching again thousands of these I I'm okay if I miss that trade I'm when we're bouncing around the yellow lug like this. I want to wait for a retest failure either way So that goes for the downside too So I was going to short this last one aggressively this one because we just built new lugs Ludwig levels I'm waiting for retest ATR retest failure and then I will go short Again, I say we named them lugs in the room. She actually ran with it She calls them lugs herself just because it's easier than saying Ludwig levels 85 times I can tell you guys every webinar You know, she isn't she's in my room as well. So she's always saying telling us about updates telling us when to roll Like for instance today, this soybean lugs rolled to January But if you can go to her site get a free trial just put in the she's got a free trial text box Say you saw saw the stuff on her stuff on the book map webinar and she's got special pricing for you guys All right There's something in Nasdaq as well Let's go see. I took a little beating in there earlier. I tried to short it. We'll go over that here in a second but under the newest setup Here 173 sell ice that is threshold my threshold for Nasdaq is 150 if you bought the original course I think it said 120 I've upped it. You know, I've made some adjustments. It's pretty that old course is pretty spot on I keeps telling you guys the new course is almost here. It's almost here. I'll tell you again It's just I got so much going on to finish that thing. But um that The thresholds in the in the old course are pretty much spot on still a couple products are I moved up a little bit I like nasdaq. It's 150 now All right, so let's see what we are on our nasdaq bigger picture Any questions about any of that peruse while I find this and take a break from talking Not really All right, so you can see here. Um these were days I split out. So we could merge us into a Market profile composite. What's a market profile composite? It's just emerging the value areas, which is where 70% of the trade occurred in a day If they overlap you're merging together and you come up with a composite That's what the blues are right and they're very very powerful. And if you just wait for setups At the at the highs and lows of composites, you would be a very successful critic waiting for the volume setups, right? So You can come up with your story for the day too on what's going on based on the composites, right? So you can see here So we opened up this morning Open up right at the bottom when markets move back into profile composites The tendency is to get the other side. This was a straight shot to the other side and out Right, that's very bullish many times when markets move out of composite values. They'll come back. They'll test the top Then they'll go doesn't mean it has to but this is kind of like a retest failure type of situation as well. So This may happen here just because you can see this is pretty extended the relative volume is Less than normal. We'll look at that here in a second. So this is extreme standard deviation of view app This is view app This is one standard deviation. They call that daily value area. This is one and a half This is two. I don't even have two and a half drawn, but that was two and a half And you have a baby lug here too. They're like, this is like a minor resistance area too. So The point is you get these algos that revert back to the mean Aka view app So this is an area if there's not big money coming in here pushing this thing This is very likely that it will pull back to View app or try right, which is let's see if that's confirmed with the top of this It's not it's not showing my universal mouse here cursor 1241 She view apps just I don't mean the top of that So the top of that uh market profile composite is right around daily value area high so many times as well It may not even make it back to view app But it'll come back to value area high and then go and that is confirmed with that So that is probably a very likely scenario And again, I I just come up with scenarios and then I let the real-time volume To confirm it, right? So Wrong chart, but We need it anyway. You can see in the middle there I'm just using a five minute ATR average true range. It's a little 14 period while there's this is all default I'm think are swim That's the current ATR. You can see 35.27 We'll have to actually get these values in here first and we'll go over the bigger picture in here So I change my And So you can see 113 16 is the high 1130 Should be exact prices So you just want to go where this spike started Should I come up this up? I need any hotkeys working. So I have to sit there and hit at it 45 times So that was where I actually this is why right? So this came down It was still part of the spike down here So I at least got to go down to there and then in case you came down here. So I actually I did have that Adjust it That should be right Yeah, so it's 113 306 75 is the bottom of the zone Let's just put that in the top of the zone It is 316 at our ATR. We got the top. We got the bottom I'm not doing that version trade on here I'm doing the position training so Lug-wise I know we're above the olug But I usually we'll go along on a setup aggressively above the olug So we get a setup above the along but we're so close to the red lug. I'm not going to go long aggressively All right, I'm not going to go long until we build new lugs kind of like we just did with Yes, I will go short, but I need because we're above the olug I just did all that and now we have a new setup But I will wait for even with this new setup. I'll wait for ATR retus failure. Let's do it again So you can see what just happened there, right? What did I just say? It usually happens, right? If the volume is not crazy, you get to these extremes these Algos snap it right back now. Here we go. Looks like it's going to come back and retest that area You know, you can come up with your own You know I wait for above the olug and I get a setup I wait for ATR retus failure. You could say hey, here's the setup I know this is an important area. We're way extended from VWAP. Here's baby lug I'm going to go short aggressively. You could have just shortened That aggressively that zone like I say every single webinar. This is the science There's no disputing 252 cell eyes just came in here or there's no disputing their cell eyes up here How you trade them is up to you. I highly recommend if you're just starting out You don't really understand what you're doing You follow my process and then you can kind of adapt it to what you like, you know You don't have to wait for ATR failure You get in aggressively if it's an area that you love, right? That's the beauty of the real-time volume Once once again, it's the driver of markets But whatever you're using you can confirm it. I don't care if you're using Fibonacci or MACD or what are the other fourth million Indicators out there that Guys go down the rabbit hole with If you can confirm in the area with your real-time volume Then you have a much much better chance and a much much bigger edge, right? So far not a lot of trading Once again, I'm trying to get this exact While you got a zoom in here. I know it's annoying to watch but I'm just trying to get this exact price where this Started This makes a difference because these albums are so precise with the ATR stuff That if you don't have your prices right, you couldn't be stopped out to the tech As you guys are seeing me it's seen happen about 5,000 times on these webinars. So All right, that looks like it's accurate Let's do this again 1277 1268 I mean, um 11277 277 11268 and then ATR is up to 3675 Now we got our zone values put that in and then I can see where I can trade this. So Again, let's see where we're at ATR, I mean not ATR the red log is About a hundred points away 90 points away But for me to enter this aggressively It's going to be about 40 points outside of this zone. It's still not worth the risk reward Right. So because I respect the lugs that much. I don't want to buy it at a lug. So, you know, this lug is up here So if I get in this aggressively It's about 40 points. I'm in at I'm in at um What is it at the top of this only probably around 16 Yeah, right around 17 So 17 up to Let's say 60. So that's about 53 points. Well, that's fine. That's a good trade But you got to remember the way I trade these to stay out of the algo nonsense once I enter trade I stop then goes 100% of an ATR below the zone And I understand all you all you traders and we're going to go over this here I'm going to single someone out as not by name, but I'm going to show you an email This is what I this is why you guys don't do well trading because you have these set you're trying to impose your risk parameters on the market the market does not care how much you Want to lose or how much you want to risk on a trade, right? So You have to do is you adjust to the volatility and you adjust your size, right? So you have your account size you shouldn't be risking more than a percent and a half or two percent on each individual trade and then you adjust your size So I don't like risking 90 points on a trade, but this volatility is telling me that's what I have to do So I cut down my size It's the same that doesn't matter if you're risking a certain percentage of your account You just change your size doesn't matter what the point value is, right? So if I made this ATR 90, which it gets up to sometimes, right? I'd be risking 207 as a point. So you got to be thinking what the hell I can't be risking that Guys, it's about the volatility. So if I'm risking 200 points This ATR is telling me that this has this could go three, four, five hundred points the way it's trading, right? So I don't doesn't matter what that is. It matters what two percent of that is that means I could put on basically I couldn't even trade a full contract. I got going on the micros and trade a micros That's what trading is. You cannot impose your risk when I can't tell you how many emails I get Well, I I like to risk 10 points on on NASDAQ when I okay great mean you're going to get elbowed out It's like it's about a 99 chance if you're just risking 10 points on all your trades That's just your flat risk. You're going to get elbowed out, right? You're not adapting to the to the dynamic volatility of the market Get into ramp mode. All right. So that means I can trade to Let's just take a look at this. I remember I said I'm not going to go long aggressively here So either way this breaks out of the zone I I need to see ATR retest failure and this tells you as well What is an ATR? So again To go long. I need to see this get Don't don't be confused by this, but just look at the price, right? So just think about this, right? So the top of the zone is 77. We know the ATR is 35 All right, so that shows me Sorry, it's over here. So that means 11 3 3 12 25 is a full ATR out of there. So I don't have to sit there and do it by hand anymore Right. So I know for me if I wanted to go along this setup Which I'm not going to just because we're so close to the red lug but say it's just a normal trade I know if it gets to 3 12 25, that's a full ATR Then I wait for my retest on my thing So the point is I don't have to sit there and keep coming in here and and figuring out in my mind Okay, the ATR is 36 the top of the zone is 77 and a half 36 plus 77 and a half, right? I just put the values in and it's right there. So I know when this market gets 11 3 12 25 it's gotten ATR out of that zone Why is that important if I'm not going long in this certain situation? Because what that disqualifies the short though, we just talked about this, right? So the way I trade I'll still short this but if this gets up to 3 12 25 The short idea is cancelled and I just wait for my new trade, right? So that's why it's important both ways. It's important if you're entering aggressively and or you're, you know Going to disqualify the short. So this this trade the short is still valid I still need to see This this and this right as long as it doesn't get a full ATR above here And again, if you guys are new first webinar if only watched a couple of these I'm sure it's confusing One you got to remember I'm doing this real time, right? So in my trade room, I have literally there's 400 live webinars for the last Almost two years in there that you can go back slow things down and understand what I'm doing yet I can't get into basics. I'm getting very basic in this webinar, but like I might in my room webinars I don't get into basics because it's like I'm trying to trade, right? So There you go. So we're gonna wait and see what happens there A lot of talking any questions Bruce I can take a breath Oh wait. So first of all, what just happened here? So we did get Full ATR here forgot about this trade So you remember I was waiting because we're above the yellow log. I'm waiting for ATR retest for this setup, right? So here to get the ATR. What was the ATR? Right here based on my zone ATR was 37 34 15 So I just come down to 37 34 And done that I take the short. I'll still take the short It's even gone more than an ATR, but I'll still take the short I'm the trade waiting for this retest of this zone as long as something new doesn't come in, right? Um, you know, this is this is what I'm talking about though. This is my style This is the way I trade because we're above the yellow log I wait for a tear retest failure So I'm sorry because we were dancing about we were dancing around the yellow log at the time, right? So I'm waiting for that to happen. I may miss this trade On the short side and that and I'm fine with it one. Like I said, this looks very bullish anyway What what I think is going to happen here. So I'm fine with that being aggressive But that's just the way I trade when we form new lugs. We're dancing around the lug I wait for that that and then that So now I'm just sitting here patiently waiting. If a new setup comes in, I gotta go through the whole process again. So that is that No questions, Bruce Yeah, no, there's a question here No, there's a lot of talk and no trading, but it is what it is No, we're good in discord. Um, but in youtube, um Question about the the previous es short setup didn't make a full atr nine only seven retested and then went Um, is the full atr, uh If that close discretionary um So I I guess The question is, um If it didn't go full atr, you wouldn't get involved For which product this es, uh short You mean that for for the way I'm well No matter what even if I was being aggressive out of this zone, I wait for 110 of an atr So, yeah, if it didn't get a full atr, there's no way I'm going short Even if I was being aggressive The conservative entry I wait for the full atr the retest and the failure that That way he was asking If it doesn't go to full atr, then I'm not going short at all Regardless of how I'm trading this aggressive or conservative there. I guess that's the answer. Yeah But now this is obviously outside of an atr. It's almost two atr's and that's kind of a wink wink to my room because they're trading this strategy Um, but now I'm just waiting. I said wait, right? I'll let this play out. I like these elbows play their games Does this this this then I'm going shorter if it does this this I'm not and I'm not going short and that's the short ideas to qualify That's why I wait for retest failure Right, you could say we're actually doing another strategy in my room We're doing like one by one But another another method you can do if you don't want to wait so because this happens all the time too It's just not as Certain as that getting short after that happens But you can say atr when it gets to the zone the minute it gets in that zone You just short it and risk an atr above it. So you're not waiting for a full failure out of there I've just determined, you know, we're trying this method. We're going to I just started this trade Is our second test trade, you know, and I show you guys this all the time This is so important. This is how the atr trade came in in existence because I just have seen it so many times So we're going over trading in the zone and you know, we can get in this later when I go on my further rands Because I want to stick with my first brand here Um, but we just came up with it. This is just an exercise. This is straight out of trading in the zone great book Picketing market any futures market that is liquid you can afford to put the put on three contracts Choose a set of variables that define an edge, right? This is the edge This is the edge and trading in futures trading. I've never seen anything stronger I don't know if I ever mentioned that before this exercise is not about system development or a test of your analytical abilities It's to prove to yourself if you have an edge and you follow your your your variables You'll you'll make money, right? But you got to do it every single time trade entry the variables you use to define your edge You have to be absolutely precise. So it does not require you to make any subjective decisions This is really really really important even the guys in my room and me sometimes because it's not easy It has my room that struggle with sitting in trades when they're taking this atr trade It's just black and white. You have your values. You have your entry. You have your exit You put in your trades. You let it work. So if you're having trouble, you know staying in trades That is a great exercise these exercises are great for you Um, and you get in my trade room you get that spreadsheet and you just put it in and you let it play out Because I know it's an edge. We've already seen hundreds of them just in the couple months that we've been doing it Um, you know that works because of the because of basically of the not basically because of that, right? So Um, so does that require you to make any subjective decisions or judging about whether the edge is present, right? So this is perfect example. I draw my zones. I know that's my edge. I know where I'm getting in I know where I'm getting out There's no subjectiveness in in my position trading or my or this or the atr strategy at least on my entries I'm subjective with my exits on my business, but not on my insurance, right? There's certain situations where I will say I'm going to pass on this trade like for instance like going long You know, I wasn't going to go long Um, like this nasdaq trade into the red luck, right? There are some exceptions, but other than that I'm pretty automatic with what I do Right. So now this is actually retesting this zone. So we're getting a retest. So now I'm getting Put in to short that if I get retest failure, so Actually wait, is that this I take that back? Sorry. It was this was the most recent one here So what I can do here No, this is where we're close to our luck to take that back. Sorry guys. I'm getting a little confused here A lot of talking today Remember how I I so if we weren't so close to the red lug here, this is a situation where I would now be looking for Atr retest failure, right? Because this is the atr Pretty close. What do we say it was? team You guys are probably confused here. So kind of rambling 312 25, right? So this is almost there Almost got there up. We're still 12 points away. So this has not gotten an atr out of you yet. So I can still short it We'll come back to that and hopefully I'm not confusing you What I'm waiting for now here is we did get the full atr Here's a retest if it gets up here failure, then I'll go short. I totally lost my train of thought what I was telling you guys So now that whole idea is done and I gotta draw in your zone and yes So anyway back to this If the market is aligned in a way that the conforms with your rigid Rigid variables of your system, then you have a trade If if not, then you don't have a trade period And the whole idea is to trade like and then we have the the trade parameters there, right? And the whole idea is to trade like a casino That's how casinos make money That's how they take your money from you because the math is in their favor aka edge And they just we'll let players play and they know over a year's time. They will make profit. It's just math This is just math, right? It's it's this is the edge This is the math is the real-time volume setups knowing where they're at knowing how to draw them knowing how to trade them And then you just you just straight and it's not The more the less subjective you can make a trading the better you're gonna do All right, let's do this all over again And now I think we're pretty we're firmly under that yellow lugs So I could short aggressively even though it's not feeling very good Because what we talked about earlier A little yellow lugs so I can take this short aggressively if I end up shorting So let's get this drawn because this is old news But once again more buy stops is another 700 689 Help use that yellow that red line to help you draw your zone Popped a little above there right you want to stay draw your zone where all these prices are in the spike spikes. That's correct So let's do this all over again 36 quarter 35 25 is your zone. All right, so that's that Now we find our ATR 8.38 you can see at the bottom and in the middle there Plug that so now we go down the position trading strategy Oh, I just said we're below the yellow lugs so I could enter in aggressively at this price Put on three and a half contracts. I'm risking 20 points. This does not matter. I don't care if it's 100 This adjusts, right? So if it was 100, that means I could put on maybe three micros, right? It's 19 So I'm gonna go on my run here in a second showing why most traders lose money or don't don't do don't succeed So 36 37 26, I will assure it Obviously, I can't trade three and a half. We'll just keep it at three because This is where you can be a little subjective too because I still think this market's gonna rip higher But the real-time volume is telling me that's not gonna happen right now And just because I think it's getting a rip higher doesn't mean it has to happen right now, right? So I'm a day trader. I'm trading off real-time volume. That's happening right now If it's truly bullish like I think then you shouldn't be seeing bearish setups, right? So I'll still trade on the short side. It's not comfortable But you know the real-time volume is telling me something's not right here for right now It's not ready to rip. So I'll trade on the short side. Let's put this in when I say 26 I can trade three So that is the aggressive entry. Why? Because we are below the yellow look. That's how I trade All right below the yellow look and what happened here? What story do you guys see here? This is really important to come up with your stories. What do we talk about? So this thing tried to get out of here Back inside. What's the Tennessee go back to the other side? Right if it can hold out here if it gets back out then that's even that's just giving me another Change my tune Saying okay, this thing is now bullish again, but right now this if this Like I said, you have to adapt you. It's always if then scenarios. It's not I want to be along this market and I don't care what happens. I'm going to buy and I'm going to hold or I'm I'm just I just want to buy This is if this was truly bullish right now, why would it come back inside this composite? That's what you have to ask yourself, right? Why would it not hold if you if you use the Ludwig levels if the market's truly bullish? It should hold prior red directional yellow. It should hold in this area and move up to red Why did that just fail to why did that fail? Why did that fail? Why are we potentially getting? bearish setups if I get thumbs That's what this is called adapting to the market. You cannot impose your will on the market I am I am leaning bullish here But this everything right now is telling me this thing is not ready to rip and it may not rip I may be wrong on that thesis what I'm not wrong is real-time buy-in is telling me get short potentially See what I'm saying. So before I forget This is this is what I'm talking about. This is an email. I got the other day I show this to my room Screenshot and I took the name out. This is nationally mail like five days ago. If you're on here You know, I'm not putting your name on but I'm just showing this is why You're not gonna make it. I even put this in the mail back to him overall in the long term If you keep doing this, you will not make it. Nobody will make it if you're imposing your risk on the market I entered bookmarks discord less so we can begin listening to your videos I'm attracted to your system because it's mostly mechanical. That's what you want take the subjective out of it, correct But I can't handle the huge es stops What what does that mean? It doesn't matter if you're adjusting your size. I don't care if I have a hundred point stop You're adjusting to the dynamic volatility You've mentioned something else you're working on in your own this my that's what we've been talking about the atr trade My discretion here we go. My discretion at es trades use five point stops What the hell does that mean like who cares the market doesn't care that you only want to lose Five points when you put a trade on I enter five MES and place a five point stop, which is about a hundred fifty dollar risk again You're opposing your will you're imposing your will And one trade with five bands be new be with the new trading system to keep the risk at five points guys I'm begging you. Please think about this rationally. It doesn't what do you think he's out? Do you think these algos don't know how how retail traders trade? You think they don't know that guys get in areas and then they trail their stops What do you think that the whipsaw is the whipsaw is the algos stopping you out because they know charters get long and then they Like yes, I got long here. Awesome. Well, I'm not going to risk any money. I mean this comes back I'm the worst I'm going to do a scratch. Guess what then they all go snap it back They stop you out and then they go how many times a day does that happen to you? When are you going to realize that that is not the way to trade you are going against The brightest minds in the world you're going against 80 90 percent of the trade is algos Whipsaw in the market. Why are you trying to impose your risk on the market? The market doesn't give a flying. You know what that you only want to risk five points on your trade the market does care about volume areas and Volatility the ATR average your range. That's what the market cares about I cannot stress it not it just makes my as you can tell makes me my blood boil when I get emails like that It's like what do you not understand? You're literally just handing your money to the algos when you do that. So And I you know, this is the system I developed to try to stay out of the algos So if I get short here my stop does it go? Hey, I don't want to risk five points on that No, it goes. Hey, this is the volume event for me to for these algos to prove this This is not Valid it need I need to see a full ATR push above here And it doesn't matter what the what the amount of points is you just adjust your size Please I'm begging you guys if anything just don't send me anymore. You know emails like that. Let's show them an aneurysm All right, that's my rant any questions any of that Bruce Uh, let's see that was a good one though Out of breath You have to yeah, it's like a workout. Um, uh, no, we're good Go ahead. I have to I have to now delete this. There's a new setup, right? And it doesn't usually unfold like this. This is is what it is You're not usually getting set up after set up after set up after set up all on up in a 10 point range Now this is getting interesting. This is the first ice we've seen right? What's this? This is a double whammy What's a double whammy? It's one of my six setups I trade off of that's in my course this is 700 stop run more buy stop runs And then you have this is real close to threshold. I actually think this is and this is 700 My thresholds for us are 500 stops which that is above 700 ice. This is a Intage double whammy All right, so what's a double whammy the dumb money puke which there's been a lot of today Retail trader puke into the waiting hands of the smart money. Does that mean it's going to turn around and sell off? No, but the likelihood is much higher that it's going to we're going to go down from here than up if but I don't I don't Just automatically short, right? So let's just get this stuff out of here getting real sick of seeing these stop runs. I'll tell you that I don't think the market cares I'm getting a little drawing 85 zones and not trading All right, so we want to incorporate all these price points in this spike I'm just going to draw this now. I may have to adjust it. I use dark blue for my double whammy's So I know what it is That's that All right, so now we may have to adjust this as I scroll over Because I'm incorporating all the prices in that spike. All right, so let's see So you can see this popped up. So I use my little handy-dandy hot keys Now that incorporated This spike I could bring my bubbles back You got to do the whole process over again. Again, it's annoying. It is what it is Usually you don't get any five setups in that temp of a range, but that's what's happening here So now let's take a look at Lugs again You know, technically we're still below the outlook. So I'll still take this short aggressively for me to get long I need to see the ATR retus failure And this is trying now again to get out of here. This is pretty defining moment Failed got back in remember. I said the tennis is to get the other side. Let's try it one more time So I you have to adapt it's if that scenario is as far as thesis was right I was thinking the one I thought we were gonna rip that came back in Then I thought we're gonna break down and I was trying to get back out right It doesn't matter what I think I just come up with ideas, but I let the real-time volume guide me So this isn't pretty important area here is it's gonna get back above yellow You get to read is it gonna get back above out of here? Well, we're gonna find out and now I have a setup to help me try that situation Because you imagine if you're just staring at charts even Ludwig levels, right? Or mark a profile composite. This is this is the point of the real-time volume I don't care what you're using here. This is all very powerful stuff. That's why I use it But you just got your your head which sawed back and forth. You're not using real-time volume And you're staring at these charts. You're like, oh, yeah, I'm long. Oh crap. I'm out Okay. Yeah, now I'm short. Oh crap. I'm out Ludwig levels. Oh, yeah, I'm long. I stopped out. Okay. Now we're back. We're getting back above. I'm gonna go long Right. It's like this is why you need to use whatever you're using and then attach the real-time volume to it And then you have yourself a real edge This is a perfect situation where this is whipsaw city, right? And let's take a look at this. I'm sure this is Not strong strong and quite strong It's normal. It's not crazy. You look at NASDAQ though. Look how bad NASDAQ is This is Algo city. That is that So you go in you put in your trade and you go and risk your standard 10 points in NASDAQ Do that about 85 times today and you're gonna get your blow your account Right. That's the point. You want to adjust the volatility And not just be putting standard stops. I only want to risk five points in the ES or 10 points or whatever in NASDAQ All right, so now we're just waiting to see what happens here. We're still below the yellow log So I'll do exactly what I was going to do in that last setup. Let's put our values in again 39 50 37 50 Short 28.14 I'll round it up. We'll get a 28 and a quarter or you can round down actually I'll round down I'll round down to 28 just because again, I still think this market's gonna go higher, but we'll see Same thing Doesn't matter what my risk is it matters. This has to adjust so I can trade 3.28 So I'm putting on three and if I was risking 100 points I can put on You know five microbes Doesn't matter what you're risking point wise. It matters how much you're risking money wise So 28 Is where I'll short this aggressively Guys, this is this is a per example of Algoville. This is just whip saw city. Look at this market I think Looks like it's going up. Looks like it's going down. Looks like it's going up And what are they doing? They're picking off people with their five-point risk Left and right right this helps keep you out of that nonsense Guys, this isn't hypothetical. I've been doing this for creating this style for three plus years, right? I've Use my experience to help guide you at least initially like I said, right trade the way I'm trading them And then if you want to adjust as you get better and better and better Then you can come up with certain certain situations like we were talking about earlier where you say, okay I don't need to see a tere test this a lot and so forth, but This is not me just guessing what I'm doing. I've been doing this for three three plus years Right, so use that experience in your favor. All right now. I just got to wait Let's see what happened over here So we talked about this being this this was the last setup here Remember we said the short would be disqualified. That was this Short would be disqualified if this got an ATR, which was like I think it was uh, 1, 3, 12 Which it did So now I can't go short That's disqualified. I could go long normally Why wasn't I why am I not going to go along this particular setup because we're so close to the red love, right? So that is one subjective thing we were talking about subjectiveness That's the one thing I'll add where I'm just not mechanical on that trade because I just know How powerful these lugs are for support and resistance. I do not want to be buying You know, I'd be getting in So let's just look at this right just see where I'd be getting in here. This is already set up All right, so I was going to go long I can get in at 16 11 13 16 right, and then I stop out at 29 quarters, so I'm risking 86 points So if I get in at 16 The red lug is up at This is a very easy way to judge it red lugs at 62. Well, what's that? That's 46 points So I'm going to be risking 46 points to get to the red lug that I know is very important, right? That usually will stop the market I'm risking 86 to make 46. You're not going to make money trading overall if you're risking if you're taking one to two trades What you're looking for is two to one trade right, so If we're Way down here, and I'm looking at risking 86 points and the red lugs 160 points away That's the kind of trade that you want to be taking right? So that's how you have that's the subjectiveness in this system You've got to determine. Okay. Hey is the risk worth the reward here? So on and so forth You know, you can still take it but you know if this turns around sells off Well, then you're going to lose 86 points and all you were really going to get out of it It's 46. So it's like I'll pass on that There's another set up right around the corner as you've seen in es wouldn't 45ers have Fired off today. That's even anything else Working here, and surprisingly nothing has been going on. I mean had Look at this news This is all the products. Oh, and I've added too We're not going to get any of these today, but I'm going to start watching these especially for urgent trade I've added I know I'm going to yield that for bruce for adding a bunch of products because that slows it down, but this computer should Should handle it. This is like lean hogs one of these is hogs one of these is uh cattle soybean oil soybean meal Right, so I'm going to be looking at like 20 markets now. I'm going to I I do have the um I do have the the uh Effactor not FX currencies up here, but the problem with currencies. They don't show it Iced icebergs anymore. Again. I have my own reasons why that is I've been told that's otherwise, but the problem like I said, you're not getting all the information You're just getting stop runs, but I want to see how they work for the reversion trade that we're working on And then my other ones are copper and silver. So I'm watching all this stuff, but Um just enough, you know for reversion trades. We're going to be it's going to be many opportunities All right, so now we're just waiting so like I was showing you here you can see nothing is fired off today It's just been literally Yes, I mean a couple in Cuba. Yes. Yes. Yes. Yes. Yes. Yes So this was like I said a different different scenario here where there's finally got some icebergs in here So let's see how this reacts I'm going to go short aggressively I will go along this setup too But what cannot happen for me to go along anybody tell me what cannot happen for me to consider along here I don't know if there's any answers for so if there's not you all get f's for the day. I know my talking has been worthless So say say again, what was it? What was the question Scott? I'm sorry I will consider along here ATR retest failure because we're still below the yellow luck. What will disqualify me from considering this from along for along Answers maybe two ATRs Over the highs If this gets an ATR below here, the long idea is disqualified talked about this a little earlier From my studies from my experience If this is truly a bullish setup, it should not be able to push an ATR outside the zone if it does The short is disqualified. I mean the long idea is disqualified Okay, that even shows it on the spreadsheet right here in validation price That would be right now with this current ATR If the market is able to get to 37 28 37 29 That would be a full ATR outside of here And you can see where my order is. I'm not a 10% of an ATR. That's why I'm gonna end there I get I just go just outside the ATR But if this was able to get down to 37 29 my long idea is canceled potential long idea Right because once again if this is truly bullish setup This should not be able to push a full ATR. It should not be able to get out of get through these algos I love to revert it back if it does then something's up and I don't want to take them off And I just now I just wait Yep, a few guys got it here Let's see Joe and discord got it and then we had some late comers come in and got it kind of a little after the fact here in Very good. You guys all get a's for the day teacher pet award I've uh copied and pasted your website and twitter and email And trading room in there So guys if you want to reach out to scott directly if you want access to that spreadsheet That's where you got to go Yeah, please don't email me asking me for the spreadsheet. I mean, that's the proprietary Factor of my room right people pay to be in there because I get to hear me twice a day And they have access to all the webinars. They have access to the spreadsheet So it's like there's some things, you know, I do these book web webinars for you guys for free, right? No one has to pay anything But there's some stuff that I have to keep You know All those the guys are in my room me like If you're giving all this information away with the hell am I paying for right and Guys, I put a lot of work into this right like I could be You know, one of the beauties of a trader is having the freedom To just get up and leave right, especially if the day is not going well and so on and so forth That's what you actually want to do, but I don't have that freedom Because I have to be in and that's fine because I like I like educating it makes me feel Good to help you guys learn How to trade and fight back against the man I get not the man against the the big money, right because I'm very jaded for what I went through I have like this quest to teach as many people as possible to fight back against these these bigger houses, right? And it also helps me From a trading standpoint when I'm going through this stuff talking it out one, right? And it just helps me, you know Kind of get things straight what I want to do and what really helps me is because one of my biggest issues I'm a very competitive person. I'm a very emotional person, right? I just I accept that I don't I don't try to hide my emotions and keep them bottled in in any psychology book that you read about trading Says you should never try to act like things aren't bothering you right get it out be done with it But what does help me on these webinars is I can't just completely go off the rails and make a complete ass of myself You know breaking stuff and it just helps keep me in check So there's a lot of reasons I do it because you get you know, you get on the twitter all the times In any profession or anything that's when guys try to share their their knowledge Well, if it works, so great. Why are you showing? Why are you showing the public? Because I I want to I want to help it makes me feel good Making profitable traders it makes me feel good fighting it back against the very algos and the bigger firms that Blew me out the first time so it's literally that that's my driving force And believe it or you don't want to believe it doesn't matter But the point is I have a paid room because I do put a lot into that thing Right, so it is my time and you are getting my knowledge So the whole idea of it you're getting 20 plus years of knowledge You don't have to go through the trials and trigger relations that I've gone through You can just learn right away even when you see me act like a more like you could I've been making tons of mistakes in my room like You know you can see and then like losing it and talking negative Like we've been talking about in here a couple times that You know thinking properly Even yesterday I started going down that rabbit hole or I'm like, uh, I know this is gonna happen I'm human guys like I you know I'm experienced trader, but I still get those emotions and so um A woman trading lady in for my trading room said don't put you're putting that out in the universe And it's it's it's 100% true when you start talking like that and thinking like that then it just For me I go in a downward spiral and then I go into a slump, right? So it's like All the above that's why I have that trading room. It helps me and helps other traders and so on and so forth So that's why I'm sharing my knowledge because I want to help you guys beat Big money and that's the goal and the elbows All right, I am worn out talking any any questions where there's never really nothing to ask I haven't done anything but Guys, these are markets, right? And this is what you have to be able to endure Rapid trade like this. You have to endure like Monday. I got The reversion trade has just been golden and I just got run over like three four times in a row It was just it was just weird trade. You're gonna get those days You're gonna get days like this. We're just it's just like watching paint try, right? So you got to accept that and realize it like a day like right now If I wasn't doing this webinar, I would be out my door right now probably going some golf balls, right? So you got to realize that, you know, it's just an happy forcing trades If I don't get what I need to see for my setups. I don't trade That is the that's one of the probably top three Aspects or attributes of trading is To understand when you're trading when you don't trade not putting on a trade Many many times is as important as putting on a winning trade, right? Because you're probably gonna lose and if you had to lose in trade you got to take A trade plus another trade to get that back and be profitable, right? So The moral of the story is if the market is not conforming to what you want to do or what you want to see and get up There's it'll be back to normal in no time I don't know Scott. I mean, I think if you uh started breaking stuff like you might go viral That's true It's gonna be costly. So I got those these those new monitors. This is a while ago. This is probably a year ago now I got these you can't see it now. I remember I used to be on the video. I used to have video and wasn't in discord And we used to do the go-to meeting and You guys saw my screens. I got these really huge large horizontal screens where I could put three book map Um screens on one or charts on one Anyway, like I had a bad trade and I had a pen and I threw my pen at the screen and I cracked it I just bought it was like 600 bucks. There's our 400 dollars. And I'm like, yeah, that's not gonna I'm not gonna do that again. And then I got to explain it to my daughters and my wife and it's just like It's embarrassing is what it is. So yeah, I don't need I don't need that going viral I get embarrassed enough in my own household acting like a four-year-old Kid when I get mad, but I don't need that. I don't know. You might find it about 10,000 new users all of a sudden Maybe one day I'll break something. I've been close They haven't broke anything on there yet Yeah, you got it. You got to share that that video that's uh r rated Oh, yeah, I'm gonna do that. So as soon as I'm done with this course Well, like you said, we'll have a special event and I'm gonna show my old trading days I used to put the camera behind my shoulder and you can literally watch me scalp Trade thousands a lot a thousand lots at a time and you can see the one trading against you can every bitch and about this guy I used to manipulate the market. It's gonna be quite fun. It's gonna be quite another that And like I said, it's gonna definitely be r rated and maybe x rated for some of the stuff I'm sure I was saying back then Yikes It's all the story you remember all the time like it used to be so, you know, when you first started Back in my trading firm you first start out you get paired up with somebody you got a room with somebody, right? So there's two traders in every room and then when you establish yourself you get your like your own room Right, so I would have I was in my own trading room door closed. I would sit there literally all day every day I for eight hours straight like I would run to go to the bathroom come back and that's it So One day some guy was walking past my room and I knew I was at my own my own trading office He went up to the owner. He's like, who is pulsini talking to in there? He's like, oh, that's his imaginary friend because I just I just talked I still do it and that's what's great about the webinar is I can actually talk to somebody But I would just be I just would talk all day long out loud because that's the way Way I would be able to have my head not pop off my shoulders You know trying to bottle stuff up So it was it was pretty comical that people would walk past my office making somebody's in there I was talking to and I was talking to myself All right. Hey, we might actually get a trade here Let's make sure our ATR is still correct 8.5 it's actually down to 8.12 All right, I'm gonna get in at 28 Bang up trade though, baby. This is incredible Algo city is what this is You can see here too. This is when you you head for your door Unless you're doing my reversion trade the reversion trade is actually geared for the Algos. It's playing the Algo game Although you're looking for position trading when you start seeing this you should be out your door Go do something else. Look at that. Yeah. No, no, thanks That is that's why we're doing that And that's why we're doing that You know how to recognize that you get the hell out of here and say I'll be back Oh, and then of course we have 14 fed guys talking today. This is just insanity. I mean, it's just every day My trade room hears me bitch about this every day Like I just cannot remember when this has been like this. So you can see here Look at this screwed it up Hold on See, I put I put negativeness into the universe and then it comes back and bites me technology bites me And so this is what I was going to show you guys So you need to be aware of this at all times So if you've been trading you understand why the markets are whipping around this is why because you get about 14 a day lately Here you go 10 30 And 45 11 o'clock Then you throw some ecb. That's coming out in our here. Here's another fact guys So you have four fed dudes talking today and then an ecb, which has been affecting the market too You know, we're doing the reversion trade. I just shut it down when this happens because You have to realize these algos. All right, I'm filled with that, of course to the exact tick Just go a couple Points lower so I don't have to complain on the webinar. All right. So first of all, let's get our stop in Again, you don't have to guess this is where she tells you what the new atr Here's my enter entry. Here's my stop 48 and we're on that 48 50 through December stocks lcl 480 contracts. There we go. Now we got something going on So 48 50 is my stop on this short. I'm a little back into my my rant on the fed with the guys here in a second Let's get this finally got something going on here A little crude and that's large my threshold includes 150 you see 400 500 that's large. That's 480 stops Pretty important information to know if you are just staring at a chart. You have no idea. This is happening. Everybody line started Finished I think that's correct. Make sure you get all your prices in that we're in a spike. I did Bring your bubbles back and there you go. Put the prices prices 85 86 85 68 Cover your spreadsheet That's the zone ATR 28.6 Or we can trade this so now we go to our lugs See we're out of them back to this rant here in a second I'm not kidding. I could play about it all day every day My remember's gotta be like I gotta hear this again and used to be able to trade stuff like that And so we're still above the yellow log. So what does that mean? Anybody tell me what that means as far as a setup for above the yellow log. What do I do? See who else is going to get the a the a pluses today. How do I trade this up? That just came in If we're above the yellow Any answers We all get f's Do nothing. Be alert. Long ATR 110 Exactly. So I'm getting aggressive. I'll go along aggressively 110% of an ATR outside of the zone Short I need to see what ATR does failure. 110% out of the zone All right, so I'll trade it either way, but I'll be more aggressive above Above so what do you see here as far as story though ready to get out? Hill back in what do you expect other side? Still open up at the point of control point of control is important too So if you were short you want to potentially take some off there, especially if it's Confluent something else or not. I'm just giving you some examples bigger picture This looks very bullish All right, so not I mean short-term bullish. So you add Yeah, this Broke down a little more balance Broke out got through this high-vibing node got through this important zone. This zone was very important This zone was directional conviction up buying tail direction conviction Directional conviction a bunch of tails is what we broke down from and it just ripped right through all that Now it's retest so many many times When markets rip through resistance areas when they come back then not support So we got that that looks bullish as well I know we're above the yellow lugs that just makes me even more confident that I can trade the long side right, so now Go along. I can get in at 86 17 Merce can 81 ticks doesn't matter Matters on risk of your account size. I can put on four CLs. I get in at 86 17 I stop out at 85 37 and get aggressive. I don't wait for retest failure because we're above the yellow lugs So I put in money It filled there and my setup goes 85 37 So I will wait for that obviously until I get filled If this does not if this ends up breaking Remember, you know, this looks both like everything looks bullish. I'm letting the real-time buying Tell me if that's true or not if this is able to push an ATR below here retest failure I'll go short and then that is disqualified the long ideas disqualified if it's able to give an ATR below there If this is truly bullish, this should not be able to push an ATR below the zone It's ready waiting. I'm short here being tortured I know NASDAQ. So it's just been accrued and then the Yes, that's what we're trading off of here. This was that double whammy, right? So we talked about the Tennessee for double whammy's Hard to hold you had the dumb money puke into the waiting hands of The cell ice Now if this starts rolling down where some of my targets, this is where I get a subjective, right? So depending on what this looks like, I wouldn't get out of baby lug because it's so close VWAP is potential. I don't usually get out of VWAP unless this can flow with something I don't know why my universal cursor is not working here. So VWAP is down at 3716 So that's an important area where I'll get out of half you see right there It's this composites point of control Right there. That's VWAP And then it's this prior We've traded three or a bunch, but it was still respecting and that's why I kept it I'll probably take it take it down now. I'll cut it out right now But that's pretty close to the top of that as well. So that is an important area Where I'm going to get out of half of my if this starts with this rolls down here I'll get out of half of my position and then I'm going to hold the other half and see if we can get down A blue lug and then I'll be out and cut this now, I think And also guys the Sierra chart very labor intensive. It's very Cost effective or that's the wrong word, but it doesn't it's cheap But you got to do everything yourself remember my room you get the templates to everything I'm doing including that. So you just literally just bring in You can see here Let's show you guys quickly. What's going on in my neighborhood? All right, so you get You know only my stuff This was last night for junkies by the way. This is uh, I just put The reversion trade work for you extended trading hour junkies But anyway, you get a lot of weight levels history because those change once they Set and then edge we talk about this See if I can talk about that and then you got the templates for everything I'm doing so Just another benefit of my trade. All right, this is moving. What did I say 37 16? And what do you have down here? Yeah, and you got this area too. This is spot gamma Anywhere in this area is important. I know view apps right there. I probably won't wait unless it just rips down So this is not a thing. Let's see if this happens what I'm going to do here On this might bounce off this so just because it's a prior volume area wouldn't surprise me at all plus That needs to torture me a little bit. So I fully expect this to happen Hey guys, when you expect it to happen, especially with the volume this bad This is very likely to happen and be tortured for about two hours, but this could just rip through here If it does, um What was I just telling you guys what I was going to say, but I will watch this area to get out of a couple Or not a couple I'll get out. I'll get out of I'll get out of two all that one ride just because on top of it. So this is where it gets a little subjective, right? I still I still embollish this market short term, right? It's really not violating anything here It's just pulling back a little bit, right? This is the balance from yesterday I could see a pulling back here and then ripping So it's like instead of getting out of like I can make a decision here Do I want to get out of one at that 37 16 that view up area or do I want to get out of two? I'm going to get out of two because I'm ultimately bullish, right? And like I said, here we go with the elbow nonsense This is going to bounce right off this prior volume event and probably come all the way back Play their game. So this is exactly why Right, so it's like, okay They got short with me and you're like, yeah, oh, I don't want to get back I'm going to stop out five my my standard stopouts five points Now it's going to pull pull back five points It's going to stop you out and then it's going to drop and then you're going to sit there Beside yourself the rest of the day. I want you to know on the tree Follow the rules make this market prove it can get above here And or a new setup the ideal situation is this starts moving down and I get a new setup And then I trail my stops in the most recent setup and you can that's how you that's how I trail my stops Not I don't want to give back my mortgage and money my car payment not you know, I I want to break even on the trade I either make this come all the way back to stop me out Which would suck but it happens sometimes obviously or I wait for a new setup and then I trail my stop or Pay myself and I'm right another Pay myself in important areas another A bit right here Number five I pay myself as the market makes money available to me and you can see these are mine What we've been talking about today a lot of it levels market profile composites highs lows pointing controls v-wap Standard deviations important predefined zones based on candle structure, which we talked about everything on here We talked about today, right? That's where I look to get out of trades Not all of them. I try to hold a portion. Oh, by the way, this is real shocking that this happened. How did I know that was going to happen? all because it's 90% of the trader algos And when you get volume like this, you're going to be tortured. You can bet on it, right? Think you got it. Oh, no Think you got it. No think you got it. No, that's what this is. That's what that is All right, so that's being tortured. Let's see what's going on in crude an ATR below here So the most recent setup here Again, this is all in the spreadsheet. So you gotta do is glance at to see what the ATR was E5 39. Is that right? Yeah. So if this gets down to 39, then this long idea is done And it almost got there right here. So it didn't quite go down. Maybe it didn't So you got to spread this out one take away Let's that actually maybe ATR. Let's see if this This contracted No, it's 29 now. All right Oh, I actually didn't get an ATR below there, but it came with a nice good one or two ticks. So You know, technically this is where you can be a little subjective as well Where you say it came close and done with that Now I'm looking at short because this was ATR retest. I mean one take is If you want to be if you want to be exact then be exact But I just know you gotta give it a little leeway sometimes Especially if it's in the favor of your trade like I mean granted. I don't want to really be short Crew like we talked about I will but I'm saying as far as being aggressive, right? All this is as a pullback to the zone I'm expecting that and this is where this directional connection started to today So I'm definitely not bearish right now So I guess what I will do here. I will be because it's also changed too So let's see the official price now for this to get down to it's 85 36 all right So I'm not so that long idea is still in effect. Let's put that back in For me to short this can I short this right now? No, remember I was looking because we're above the yellow lug I was looking for ATR retest failure That did not that's not an ATR retest failure because I didn't get an ATR If we get down to 36 and do this and this this then I'll give the shorter try to try Again, I don't love it But it doesn't matter what I love if this if this market is truly bullish like I think it is This should not be able to push an ATR below that zone if it does then that's cancelled then I'll short it Real-time volume rules Don't care what indicator you have on your chart. It doesn't matter if the real-time volume the Real orders coming in disputes that All right, so we're waiting on that good torture treatment here Taking my 3750 and Go ahead go ahead some balls on that's gone I'm not kidding if I was on this webinar right now. I'd be out the door like it's just It's just not worth your mental anguish watching this thing with the Relative volume that low right? Oh, so back to my rant real quick before I hop off here Let's go back to this I want to be very careful when this Stuff starts nine o'clock Fed Hark And this is probably what this market's waiting for so you get one two three four And throw in a ECB do it in there Like I say a complaint I remember every day. I never remember anything like this going on It's like what is the point of the Fed minutes? And then you know the the beige book so on and so forth if they're talking every day like it doesn't matter So what I was getting at is talked about five million times that elbows are 80 90 percent of the market of the trade right? All these elbows are doing as they're going off keywords that come out of these clown's mouse Sorry, but they are a lot of these guys are clowns like the one that was defending his trading the other day that he wasn't trading Um So if they say something that they they have their keywords If he says something that's bullish the market does that right and then it says something a keyword That's bearish it does that that's why you have to be you have first of all you have to know this this is financial juice You have to know this is happening So you're not getting I I can just imagine the percentage of traders on here right now that I had no idea This stuff's going on while they're while they're putting trades on this is really important Right, even how to know and if you see these guys talking you're probably better off just letting them letting them talk and then waiting Right. It's just it's just too random. That's what I'm saying so Be aware of that nine o'clock This is this is specific. So it's 11 o'clock central And our 12 30 central 12 45 central whole one o'clock central and just ridiculous I just don't understand what's changed in them that they talk every day. I really don't But anyway, they actually Up until February of this year they can actually trade for themselves So guys that influence policy make decisions on policy can trade for themselves. I mean they finally changed the law it's like Don't even I don't even want to start on that rant So supposedly they can't they can't trade anymore Hey the ATR guys and this is Working out well for you. It's not working out well for my position, but I fully expected this right when the volume gets like this guys And how many guys got short and then put their stop in a break even and just got stopped up, right? Hey, it may save you this time, but overall You're gonna be Beside yourself and the market drops 50 points and you got out of your trade of break even The other thing I didn't start up today. We'll just throw this on real quick Just so we can get a little more torture involved My tick strike. I was wondering why it's so quiet. I was actually enjoying it There's nothing worse than watching position go against you and then listening to it at the same time It's really fun. But this is this is really important stuff. That's why I have it as you'll see here So in my trade room, you can actually see these these are set to one You see that for all of these I don't have the sound on but you can see them on this one They're set to 11 so you can make these from one to 15 as far as intensity All this is this is an elbow that says the speed of the order is coming in with the size um So I have mine set at 11 so I'm not hearing it non-stop it still gets extremely annoying but it's Obviously they're not really buying these stocks and that's important, right? If you're if you come to import you can use this in your in your judgment If you're coming to an important area and you don't hear any real buying of the stocks that weight the index Indices that the futures are based off of you can say, okay. I'm fading that zone. There's no real buying, right? So on and so forth. There's a lot of strategy to this too. This is tick strike Guys, I get to the every week guys and girls all this stuff's on my website Scott will see me trader calm click on the banners you get discounts to everything except like uh rhythmic and Spot game. I think spot game. It might be All right, let's see now. We're official atr below here So I'm going to finish this up and hop off because I know there's another guy starting the time guy This is canceled right because we got the atr below there So much for the correlate. I've been reading stuff lately like oh crude's completely correlated to yes No, yeah, how does that working out? Does this look like it's correlated to you? Doesn't look like it's correlated to me down straight up. So anyway now what I'll do reluctantly Is if this comes here here here, I'll short it This is disqualified as along I will you know if the new sub comes in I'll consider a long but right now this sub is telling me short This markup is truly bullish. It should have never been able to get an atr below there All right, booze. Was that any other questions again didn't do much has put on this torture treatment that I'll probably be sitting in for I gotta actually be careful going into the nine o'clock the fed guy talking. I'll probably cover it, but I gave it a shot out of those city Any questions before I hop off? Yeah, I think we're good. Uh, so um, yeah, thanks scott and uh We will uh Yeah, if guys if you like this, please subscribe to the channel or give us a like there So we can uh continue on giving this free education Thanks scott and we'll meet up with you next thursday, then Awesome. Thanks guys. Hope again not a lot of training, but it is what it is And hopefully you learned a little bit about the other stuff. So all right. I'll see you guys next thursday Thanks bruce. All right. Thanks scott. Bye. Bye