 Good morning traders. Hello and welcome to another live trading webinar. I hope you're all doing great. Today we're joined by Scott Pulsini, a professional futures trader with a ton of experience in order flow trading and bookmap analysis. This session is held every Thursday at 10 a.m. Eastern time and is part of our education here at bookmap. These live sessions give you the chance to look over the shoulder for a professional trader and see how they lean on bookmap and make real-time trading decisions. So a great opportunity for you guys to ask questions and learn something new today. You can use the YouTube chat box or the advanced webinar discord text channel. I'll do my best to get through all your comments. I would also love it if you guys could hit the like button on YouTube there. It gives us some useful feedback, helps shape our future content. Okay, before we jump into the live analysis with Scott, please bear with me while I run through just a couple of things here. We've got Scott's contact info. You can find out more about Scott on his website, scottpulsinitrader.com. You can also connect with him on Twitter, scottpulsinitr1. And if you're shy and prefer to ask Scott questions in private, feel free to reach out directly via email scottatscottpulsinitrader.com. And the disclosure here. All bookmap 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 and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hello, Scott. How are you? Can you hear me, Scott? Can you hear me? Yes, I hear you. Awesome. I am doing well. How about you? I'm doing good. Well, I've been running around with buckets this morning. We've got a storm coming over and then got a few leaks coming down. So yeah, I'm a bit worried about the stream, but it should be okay. Hopefully we hold out. Where's that at? I'm in Malta. Malta? Yeah. I'm English though. Yeah, I'm definitely English, but living in this little island. It sounds terrible. Well, yeah, it's normally very nice and hot and sunny, but yeah, it has about three months of misery during the year. Sounds great. I'll have to visit you there sometime. We eventually I'll buy it like Billy Ray Valentine and Winthorpe from Trading Places. I don't know if you ever saw that movie, but No, I'm not familiar with it. No. I need to I still need to watch Godfather, actually. Absolutely. You should have done that a long time ago. All right, so I'm watching some stuff that just fired off here. Stop Run NES and you just heard the stop running here in NQ. This was a prior one where it got both an ATR below and above. So I didn't do anything with this. I'm actually going to delete this since there's another volume event right in this area. And then we'll potentially take trades off of that. I'm not trading live on these anymore. As far as just showing me clicking the trade, which shouldn't matter anyway. You guys shouldn't be mirroring my trades, mirroring my trades first and foremost. This is to teach you how to trade for yourself. But I will walk you through what I'm doing and you trade at your own risk. You can take trades on taking or you can fade me if you wish. I'm not always right. I have drawdowns and so on and so forth. But that's the new policy that I've actually implemented in my room as well where I'm not showing actual clicking of trades. I'm talking through what I'm doing, what I'm looking at, what I see. And the whole idea again is to teach you guys how I see the markets and then you can pick up things from that. You can trade my exact trading style, my setups, which we'll go over. We've got a lot more specific with the setups in the room and we're tracking them with Apex trading accounts. Each setup is a different account where we'll be able to see the exact 20% of just for each thing. Because I remember I've been trading for 24 years-ish, something like that. And I have a lot of this stuff in my head. So when I put on trades, it's like there's a balance break out, here's this, here's that. And it's not as focused as it should be for my listening audience and my students and for me too. You gotta remember I started out as a scalper. So when you're scalping, especially back in the day, you're not, there's no real structure involved. You're just basically clicking a mouse left and right. So I've never really, I mean, I'm way better at it now. But back then I didn't have any structure as far as like playbooks and journaling and all this other stuff that you actually, you absolutely have to do nowadays and to succeed in this business. So, you know, a lot of the stuff's in my head, but I'm getting better at documenting it. And you can see here, some of the things that we're doing in my room, these are all different trades, exact trade setups that we're looking for. And these each have their own apex account. We'll go over apex in a little bit. I think it's a great way for you guys to practice trading. We're not risking, you know, huge amounts of money or just paying to get into these tryout type things. And then, you know, if you blow out the account, you lose like 60 bucks or whatever it is versus, you know, 6,000 60,000. And then, you know, if you do well, then you're back. And I was telling my room yesterday that, you know, it is night and day when you have, you know, a big says like a trading firm, right? That's backing you. It's night and day when you are trading with your own money versus your trading with somebody else's money. So we'll get into that a little later. So I need to first and foremost, put these values in the spreadsheet. The spreadsheet is what we use in my trade room. And it's been a godsend where I'm not just like eyeballing things and then we get exact prices. So I, you know, I draw my zones and I put my prices of my zones in the spreadsheet, the tops and the bottoms of the zone. So the top of this zone is 1265 quarter. Come back to some of these trades as well. I want to get over to ES as well. But this one moves a lot faster as anyone who trades it knows 12647 quarter. A very important factor in my trading and it should be in your trading as well is the current ATR average terrain. So that stands for this is the market is this is basically Tommy every I use the five minute ATR 14 period wilders, right? So you can see it here is just the thinker swim default. Just popped up to 25.37, which doesn't a huge deal. But, you know, up until I pull my trade on, I'm adjusting this because this is going me, you know, what the current volatility is. So in the last every five minutes, this thing's rotating about 25 points. It's very, very important to know. You know, we talk about every single week about those of you that are using these static stops, you know, and whatever market you're trading, you're just the standard I like to risk three points when I put on a ES trade to make six, you know, you're not you can do whatever you want. But I'm telling you, if you're not adjusting to the volatility, you are not going to make it as a trader. It's just that's just how it is. You know, the days that this ATR is, you know, seven, eight, nine, 12, and you're risking three points. You're just getting lucky if you don't get stopped out and put it that way. I mean, with the algos that run these markets. So huge factor in the trading, the way we determine whether these setups are bullish or bearish is when they get an ATR above or below. And this is all this information is all in this spreadsheet. So I know this NQ after putting in those zones in the ATR, if it got to 12, 690 and a half, that is a bullish setup. And you can see that's exactly where we're trying to do right there, look a little higher. But the point is, this is now a potentially a bullish setup. So for the different strategies we're using in my room, this is one of the strategies is we call it the inflection zone trade. So any trades in these actual zones that I've drawn, and all these are the four important areas of market structure. So you got balance areas, tops and bottoms of balance areas. Let's find some better ones. This is kind of convoluted. I'm trying to find that. For instance, this would be a balance area at the time. It's just balance areas are two-sided trade. So tops and bottoms balance areas are important. High volume nodes of balance areas are important. That's just basically the middle of a balance area where the most trade occurred. I'd like to point and control on market, on the market profile stuff, but it's not a specific price. It's an area. And then you have buying and selling tails, like you can see all these buying tails in the air. Tails are just basically instant rejection out of the area. That's very important. How markets are reacting certain areas. You see these selling tails here and then here, and then directional conviction. So after Paul was talking the other day, he had some wacky movement and directional conviction both ways, where the zone was already drawn. And I thought this day this market was going to get killed and it just held this zone. And we had actually there was a bullish volume set up and a rip from there. We didn't I did catch that trade. But I, you know, again, I have opinions of what I think are going to happen. But I let the real time volume tell me I thought this market was going to crash after it did this and gave it all back. And then we got a dumb and dumber bullish stop run set up in both NQ and ES and the thing just launched from there. So anyway, directional conviction is, you know, big long extended moves. So this was directional conviction from basically here. And then here, and then you see you put in a selling tail as well. So this was other stuff that I just shortened the zone, but these are selling tails too. So when you draw your zones, you know, as you get better at this. So I post these zones every are these charts with these zones and all the all the market futures markets every day in my trade room, you can see here, this is, you know, so you could do this yourself, obviously, but it's just easier to come over here and you can see I have all these features products. So you just, you just click on here and you get the ES zones and you can see that you can draw them on your own chart, if you don't know how to draw, right? So it just saves a lot of time for a lot of my members. And I'm eventually going to have a subscription to that so you don't have to draw your own zones. But, you know, when you draw them, then you're looking for trades into them. The best trades are straight moves or gaps like this was one of them. There was actually, there was not a setup here. And I take that back, but, you know, a straight move into a zone are great fade trades. So my zones are usually fade trades. Right. So if we were to move back into this zone here, I would take the trade and look for a move down. So we have, I have two different types of entries on my trades. They're either aggressive. So when we get the volume event, the minute it moves in ATR out of here, so I'll just show you on the actual book map. So if I was going to get in this trade aggressively, I would have been in immediately the minute this got an ATR and I've added another 5% because I keep getting filled to the exact tick and it's driving me absolutely crazy. So 115% of an ATR. So because I'm proving, I want these markets to prove because you have these algos that snap back the markets at the ATRs. That's actually a trade that we do in the room. So when I'm taking position trades, I want this market to prove to me that it can get more than an ATR outside of the zone and that shows me that I'm willing to enter the trade. See what I'm saying? So an ATR, one ATR will distinguish if it's a bullish setup. But once, you know, for, for instance, for a conservative entry, I wait for the full ATR, a retest of failure. And then I get in just outside the ATR, which is 115% because I want these markets to prove it can push outside and not just be algo trade. So back to my entry, if I was going to get in aggressively, I would have just been in the minute this thing touched 115% of an ATR, I would have been long, right? But in this specific area, I don't have any strong conviction. There's no important zone. So on and so forth. So now I will, I will still trade this trade to the long side, but I need to see ATR or retest, at least an ATR, I could go two, three, four, a retest, a failure, and then I'll go along, right? So I have two different entries. So on these inflection zones, this specific entry, and you can see here, you can see this is exactly what my trade room sees. And then inflection zone is take fade trades with moves into prior inflection zones. This trade is taken aggressively, meaning to what we just talked about, actually this needs to be changed because I would just change that because creeping this up because I keep getting over the exact tick because I think there's a mole in my room that is reporting to his trading firm and they keep adjusting to my trades. I'm just kidding, but never know. In the case of a zone that's directly, I don't need to go on and all that right now, but basically inflection zones are aggressive trades. We're not, you know, if this stop, if we would get a stop run up in here, I would take it aggressively right here. This is in the middle of nowhere, as far as structure is concerned. So I'll take the trade either way, but I need to see ATR retest failure. I would not take the trade to the downside now anyway, because once a market moves the ATR above in this instance, and this trade is no longer a possible bearish setup for me, so I would have to wait for a new setup to go short. So right now, I am just waiting for a retest failure, and I will go along that. And let's take a look at he has, before I forget. See, this already did twice, so I should already be along this market. And I'm sure it's going to wait for me, not. All I do is complain in my room every time I miss a trade. Every single trade I miss is a winner, as it feels like anyway. So let's hurry up and get this in. Hopefully the market will wait for me. If not, you can hear me complain the whole webinar that I missed the trade. 152.50 is the top of the zone, and 50 quarter is the bottom of the zone. Stopped by NQ, 163 contracts. All right, so that whole idea for the NQ is now disqualified. Now I move to the next setup. So the ATR nearest by .17. Again, I guarantee I missed this trade, and we already got the, just couldn't wait for me. So anyway, when this market touched P775, it was a bullish setup. You can see here, this is a total mistrade here, so this is the actual, look over some of these trades, but this is called the barf trade, first and foremost. So this is the pattern, guys, over and over and over and over. One ATR comes back, that proved P775 was my line in the sand to prove this was a bullish setup. When a retest fails, I would have been long on 115% of an ATR, which is right here, 5850. So if I'm trading this trade, I'm in at 5850 to the long side, and I stop at a 44 quarter, I can put in, you know, you put in your account size. So for these Apex accounts, you know, I'm doing the $150,000 account, I'm going to, obviously I'm going to qualify, very likely qualify for all these different strategies, and then, you know, I'll trade smaller, I always tell you guys, you want to trade, you know, at the most 2% of your account size, but for these things where I'm trying to qualify, I think at all those things live, so it can keep track of them. I can still keep track on the, on the tryouts, but when it goes live, I'll trade smaller size. So the point is, do not be, you shouldn't, if you're trading real money, your own money, you do not want to be risking 10% on each individual trade, right? So if you have a $50,000 account, you should be putting in at the most 2%, right? So you should be risking a thousand bucks on individual trades, and I will tell you with this spreadsheet exactly how many contracts you can be putting onto the big one, or the micro, so on and so far. So for these, the reason you see the 10% is just because these are the Apex ones, and I'm all live, and I can be more aggressive, because if I blow the Apex account out, I got to re-up like 60 bucks, or 80 bucks. It's not like, it's not a big deal, so I could be a little more aggressive, trying to get, get fun in there. So there is a chance here, and we'll get into the Apex too, they, you know, I put my name on it for a reason, I've done it, just to prove to my room that they are legit, and they pay, I've already been paid by them, if I'm one of the accounts, so they are legit. We'll get into that a little later. So actually, I'm going to get a chance to go along this again here, so I'm not putting on the trades, I mean I will put on this trade, but I'm not going to show the actual trading. I'm telling you what I'm doing, so there should be no difference for you guys. Hold on one second. So everything's in here, based on this, I could put on seven micros, and I'll be in at $58.50, if it comes back up there, and that's a count, I'm just going to make sure I'm trading the right, we'll go over this trade, so this is the bar, the bar of trade minimum, that's my number 48 Apex account. Hold on for this, when I fill there. All right, so, all right, so I'm filled on that, so I should already been filled, I just got lucky the market came back, maybe, like this could just do this, but regardless, I would have been in here, here, here, I just missed it and it came back, and I was able to get filled, so I'm not long at $58.50, and again, everything's in here, and now my stop's at $44.25, and then we'll go over some areas, I will get out of some of these, as it if it starts to move in my favor. So I just want to make sure there was nothing else here that I should have been putting on this trade, because we have different strategies, so you can see this is basically the middle of nowhere too, so the, looks like the, looks like the barf trade, so these are just acronyms, right? I make things funny, kind of like my six distinct setups from my SI indicator, if you guys have the SI indicator course, you know, we have the double whammy, the dumb and dumber, step bros, that's actually not in the course, that's the newest setup, stop and hold, Titanic, broken ice, so we've named these trades specific, you know, acronyms just to make it funny, make it funny and memorable is the whole point, right, so the liquidity trade is where I'm taking, actually this could be a liquidity trade too, I could put that on, let's see, so the first thing you should be doing every day, we talk about this every webinar I've ever done, whether it was when I first started with book map trading stocks or futures, you want to see where the liquidity is in the order book, where you see these bright bands that are just sitting there forever, right, I don't pay attention to liquidity that just pops in the order book like this stuff, right, this is, these are algos messing around, trying to just whipsaw everyone out of their money, right, I'm talking about liquidity that's been in here for a while, this is okay, you know, it's pretty much the only band in here and there's nothing below, you can always tell which way the market's likely to go by if you see bands of liquidity, I'll show you some other markets, but you can see it's like a black hole down here and then everything's up, so that's telling you it's very likely to move higher, so I should have put on this liquidity trade for that account as well, let me see if I can get lucky on that, so that trade is the lick trade, right, take trades in the direction of major, longer, resting term liquidity, trade has to be the retest, fail, zone for entry, which is the conservative entry, this is number 38 down here, put out the same amount of size, I doubt this is going to come back again, but if I come back to 5850 I'll get along this as well, I just miss that trade, so the whole goal of this trade is just, this is basically my main target, right, so if I get filled I missed it because I just wasn't on top of that specific trade, we're along the other, the barf trade, so the barf, all barf is, I just laugh every time, so my room helps me name these too, so I had this as ARF and it's just basically ATR retest, fail, it's a blind, meaning every, so I, what I'm trying to show you guys my room that you can trade these volume events independently without any other input and be a profitable trader, right, this is the edge, this is what I'm trying to show, so without even another chart up about, for anything, you know how I use lugs and market structure in the zones, you can literally, if you want to take as many as possible to, you know, enhance your edge, but ATR retest failure, you can be a profitable trader, so I did this experiment, it wasn't last December, it was the December before in my trade room and all I did was just look at this, every time there's a volume event, I'm like five or six setups, I would wait for an ATR or retest a failure and I would get in on the trade and it was profitable for the month, I think it made like 13, 14 grand, I'm trading like two lots or one lots, whatever I was trading back then, so it's a profitable trade, you can imagine this edge with important areas makes it even a better edge, right, so anyway, the BARF trade is just literally blind ATR retest fail, it's all I'm doing and that's what I just put on in here where I got along the 5850, so now I'm actually along both, I'm along the liquidity trade, the lick and the BARF, so again, it's all about making yourself laugh too guys, you've got to laugh in this game or you will lose your mind, I mean I've already lost my mind but at least I can laugh about stuff, making enjoyable, it doesn't have to be, you know, grind, grind, grind every day, all right, so there's actually a new setup in here, so we will draw that and you can see here where buy stops 174, that's threshold and shockingly, I know this is very shocking for some of you guys that have been on these webinars, it took out this liquidity, right, this is what happens so often, if you know where these areas are, you can literally structure your trades, certain trade setups, strategies to just trade towards this liquidity because this is the big money, they will get filled, I tell you all the time, this, why do I know that, well this is from personal experience, I used to play this game all day, every day, this is all I used to do was scalp, put orders in the order book, huge orders and then push the orders into my, push the market into my orders, so I would sit here and I show this every webinar but there's always new people in, so I would put like a thousand lot in, this is back when you can actually put a thousand lot in the order book and yes and not, you know, you can, the whole idea was, you know, I would get short, so say I would get short a thousand, well above me I would see like two thousand, three thousand, that's literally how thick the order book used to be, so if I were to get on that and I was wrong, I could turn around and peel out on the rest inverse above me, they were reliable, nowadays none of this is reliable, right, it's just, it pulled, there could be a thousand lot in there, you never see it anymore, but there could be and then it just pulls, back then there was real size, so that was one of the main reasons that I was able to trade huge size because I can get out if I was wrong, nowadays you put a thousand lot in, good luck, good luck getting out of the trade, it's gonna take you probably 15 points, especially in NASDAQ, all right quickly let's, got on a tangent there, but let me draw this zone because I'm gonna be missing a trade, actually I think this was, was this the inflection zone, did I make it up into that? No, all right so we're still basically in the middle of nowhere, so the only trade in play here is the has the bar every time because someone, someone came up with that and I'm like that actually is perfect and I'll giggle every time, all right so we'll get into this, I guess I can show it now, so we talk about it all the time, right, so this is where the stop runs started, this doesn't mean this is where these stops were though, so I try to draw and this is part of global plus, you want to get global plus, they have all these other things like the sweeps indicator and the trader map pro, which we'll look at here in a couple minutes, point is, even if this is where, this price is where these stops started, but these stops could have been at this price or actually at this price as well and they don't, they don't get first right to the orders, whoever swept this order book gets first right and then the stops fire off after this sweeping is done, right, so it triggers and then they come in and then it continues the sweeps, the stops are sweeps themselves, right, so my point is you want to try to judge where that started, that triggered those stop runs and that's what this this sweeps indicator tells you, right, so that again, that's just to mad on, it's part of global plus, you can see it here and I'm getting questions about the about the settings, I used to have this at actually that's too much for this, I used to have it set at stock sell nq, 155 contract, this is something that matters in the news now, and I think I just got stopped out of my, I got stopped out of both the S longs, but the size, I used to have it at four times normal, four times my threshold because I didn't want to see sweeps all over the place, but I brought it down, you can bring it down to normal threshold for the SI indicator stuff, because the, what was I, I forgot what I was going to say, oh because I want to see like the stop runs, it just helps you draw the zone better where you can see that all the, because if I have this set at like, watch, if I have this at you know, four times normal, so if I had it at 600, so just hold in here for the stops and icebergs are 150, four times normal, you can see it doesn't, there's no, there's no sweep bubbles, those sweep bubbles help me draw the zone, so that's why I brought them down, right, so you can just make them, you can get a shoulder a little below, you see how they all just, yeah I just popped up, so all right, so now we got a, this zone's done, and now we got some new, you know, some days you have like no events, you have a few, and then some days they're firing off left and right, right, this is obviously a bunch of traders just puking back and forth here, so this is threshold, oh we'll draw that, potentially trade off that, like I said I was stopped on that ES long, and we just, because this is, you know, we talk about it every single webinar, we'll, we'll get into this ramp, but the trading in the zone document, right, just directly out of trading in the zone, anything can happen, trading is all probabilities, right, so when you have an edge, and this is the best edge I've ever seen in my futures trading career, is this, this information, you know, just, you have your rules, and you just put the next trade on, you're gonna have losers, that's just what trading is, it's probabilities, there is no system out there that is 100%, and anyone who tells you that they have 100% system, you run as fast and far as you can, because it doesn't exist, right, so if you have an edge and you're comfortable in it, and that's why we're doing this, you know, we're doing the individual trades in my trade room, I'm gonna show winning percentages, and then like for the specific trade, so we have the data trade, I'll show you that here in a second, I'm gonna do this for all these trades, eventually, I just, it's very time-consuming, hold on here, and first I just want to see where we're at, in case this could be the data trade, let's see where we're at in NQ, nothing really going on so quickly, you know, this is an important area here in NQ, you're trying to break back into this market profile composite, this alone could be a, you know, your own playbook where you trade the tops and bottoms of market profile composites, these are multiple days, value areas blended together, merged together, very, very, they're very strong as far as areas to trade, and then also the story you get from them as well, so for instance, this prior market profile composite, you can see yesterday the market tried to get inside, couldn't hold, got outside, got in here, closed right at the point of control, today it tried again, didn't happen, this could help you paint the picture of your thesis for the day of what's going on, right, so this is telling me something's up, they couldn't hold in here again, and now it's about to accept in here, right, so this is, you can come up with scenarios of bigger picture things, and then when you get your setups or your playbooks, right, in the direction of your thesis, those are A plus trades, where you can trade bigger and go for the throat, right, so the whole idea is, you know, a lot of these trades are, you know, just marginal areas, but when you get important areas, or you get something fitting your thesis, that's when you can really take your shot, right, and that's, I told you, I tell this every webinar, as well, I got back in the business, it was like 2017-ish, 2018, I was going to just trade stocks, because I was so jaded from, you know, making millions of dollars in futures and then couldn't make a dollar anymore, and I was training with SMB, you guys, I'm sure you know of them, they were like a big stock trading firm, and they would literally, they would have their traders come up with these playbooks that kind of like what I'm showing you here, right, with these things here, here's the data, but, you know, if they would get their setup, and they would not trade, if they got an A plus setup and they didn't trade bigger size, meaning two, three times normal, they would be grounded from trading the next day, meaning they can just trade in the simulator, so that's how, that's how important they thought it was to take advantage of when you have everything lined up, but what you want to see, you need to trade bigger, versus just these little thing, you know, ding trades where you're just like, you know, well, maybe, maybe this will work, and you know, maybe that'll work, when everything lines up, and you can even be getting these trading strategies multiple in the same direction, that's another A plus type of scenario, right, so well, maybe we'll get one, maybe we won't, but the point is, now I'm watching this, I know it didn't happen here, it couldn't hold in here, I know it's about to break inside here, if I start getting better setups, I could potentially, out of my trading setups, let me just show you, I can trade those bigger size, right, and we'll talk about that if it occurs. Any questions on any of that, Sam? Not at the moment, I've actually ran a poll on YouTube, asking traders how many different instruments they trade, and it seems most people are kind of trading but less than five, one to five, you talk about these volume events and ATR retest failure setups, how many different instruments do you apply this over? They, for every one of those instruments that I showed you, I will watch, you know I don't trade every one of them actively, but every single one of these guys, I don't care what futures markets you apply to, as long as you know your thresholds, meaning what is significant size in that market, what is not, every single one except for I don't trade 16 anymore because they took away the icebergs and we can get into that later, why I think they did that, it's pretty obvious to me that someone was complaining about it, one of the big money players said, hey wire our hidden orders being shown to the world and they took them away, so I don't trade a 16 anymore because I'm not getting all the information, that's what I tell you guys every webinar. I don't care how great, just to have an error, I don't care how great of a market technician you are or you think you are, you don't have all the information if you're not using the real-time volume and you're not using the SI indicator, I don't care, I don't care even if you're even if you're looking at volume through the footprint, right, and the footprint is valuable in certain areas, you can potentially look at that today too, but that still doesn't give you all the information, I told you last week I think, someone was arguing with me on Twitter, I posted something and they're like, you don't need book map to see icebergs, you can see it with a footprint and I said, yeah you can see the absorption on the footprint, but good luck drawing the area and I said then also how are you going to distinguish stop runs versus you know real buying or real selling meaning initiative buying or selling so it's you know, yeah you can use those things, but I'm telling you right now if you're not using this and guys, yeah I'm plugging book map because book map is the reason I am trading, if it wasn't for book map I would not be in this business, I would be sitting in a doctor's office right now waiting to go in there to sell him something kisses ass, right, so book map is why I am trading again because it provided me the edge that I used a new edge, right, I didn't have an edge, I tried to hold on after my scalping, after I couldn't make money anymore because the scalping disappeared because the algos and low volatility so on and so forth, you know I hung on for another seven, eight years trying to reinvent my style to trade longer term and I just could not do it consistently to support my family like I just couldn't do it and all and what I was using was this and the footprint, I used market delta from day one Dr. Brett actually suggested it to me when I couldn't make money anymore scalping, right, it's just not enough I'm telling you you do not have all the information with those tools yes they are helpful in certain instances just like CVD, cumulative volume, we'll look at that as well but this is the end-all BL in my opinion, right, and this is information that is crucial to understand what is happening in the market, right, let's, let me draw this real quick, probably missing a chart here, keep going on these usual tangents, rants, well first and foremost you can see that this you know this hasn't been in here all the whole day but this one has and you can see these are pretty thick and they've been in here for a while so you could this could apply to the liquidity trade they're not too far away but you know damn well these are going to get filled, right, again this is the game but in size, I'm the big trader again this is, you look at here you're like well a hundred on how is a hundred big size, well relatively it's big size that's why it's lighting up orange on here, right but if I'm the big trader I put in the hunter a lot and then I wait and maybe I sell a little, sell a little and as it gets closer to my orders I just step on the gas I sell, sell, sell, people jump on my coattails and it comes fills me on my resting bids and I'm out of the trade on the next on the next game that's all I did all day every day when I was scalping all I did so that's how I know that's what they're doing because I did it and I used to watch them do it other people do it big houses big firms, you know other trading firms as well because you can see counterparty back then so I can see exactly who I was interacting with so I used to literally just sacrifice one lots non-stop right so again it wasn't this it was in the yes but I would see like a 500 lot drop in the order book and I would ping it with one lots just to see as you can see if it's like one lump sum order or if it was like building up if I would see a 500 lot just drop in I'm like okay I know that's one order and I would ding it and I would see down here I'd see it like one one one one and it would tell me exactly who the house was and this was my nemesis back then my buddy 990 Galper was the trading firm and I would ding it like four or five times and I'd be like yep it's it's him and I would know so I it was like a big poker game every day so that was the big trader back then he was even bigger than me but I'm like 6000 contracts but I would know okay I know the way he traded I know like the games he would play and he would play legal games I might even get into that but then there'd be times where I would see like a thousand lot dropping the order book right and I ding ding ding and I looked down here and I would see like house you know four five six and I'm like what the hell I've never seen that house before and I know the whole thousand lot I'm like okay I probably don't want to be messing around with this guy this is big money he could have another 10,000 behind him you see what I'm saying so it was like a big poker game but that's what I'm talking about how I know the games because I used to play him I used to watch people play him all day every day so all my setups are not hypothetical what I'm guessing is happening it's how I used to react when I was caught in trades or what I used to do and what other guys used to do so that's you can rest assured it's not hypothetical let me uh you can see how this market keeps bouncing off this last stop run before this one but let's draw this let's see here you guys this is barely barely threshold anyway and it's kind of a stop run clown fest today I don't know what's going on in here no usually the Fed yesterday we had like five Fed guys or five or six Fed guys talking but today there's really nothing going on so I'm not sure what the deal is with the back and forth puking and let's make sure that's right that is not again if you're going to draw these zones I would take your bubbles off the screen use the slider to take them off bring this last price line into your chart configure visible components click this last price and then you want to draw you can see if I have this sweeps indicator very low there's bubbles all over the place right but I probably have this on too low I just don't want to see that many of them let's make this uh let's just make it threshold that's my threshold for my SI indicator setups alright so we got some decent crude stops all right so then you just literally follow this spike and you draw the zone draw all the prices that occurred in that spike that looks right there all right so it looks like this mark it's just bouncing back and forth in between these stop runs stock stock sell CL yeah let's go over it 117 contracts I'll wait for something bigger in there in the NQ it just looks like a whipsaw show and I already been I was already whipsawed out of ES by the way let's see if I got filled to the ticket usual let me get this off here I don't know why this just populates I don't know where actually we had another volume event so my threshold's 500 this is 499 that is that is definitely tradable let me draw this hopefully this market is still in range and then we'll hop over to crude and talk you through a potential trade there that I'm taking again my webinar is not for you to mirror my trades is to learn what I see ah hello Scott can you can you hear me I think your stream is frozen there guys can you still hear me or is it just on Scott's side sorry for the background noise guys I might mute the thing and then it just comes back I'm not sure why people are still popping in here but oh we lost you for a second there Scott but you're back now oh you lost me yeah the screen froze for about 30 seconds but we got you back now that's gotta be discord because I heard it but I didn't uh I don't know all right so this has obviously not done anything out of this zone yet so I put all I put in my zone prices right tops and bottoms put in my ATR it's currently five point is that a 25.9 uh Scott I think the the screen is still frozen we can hear you okay but but your stream is all right let me uh let me try to refresh it's gotta be discord let me uh try to refresh this thing I'm gonna get disconnected for a second let me go back to this room let me just I'm just gonna refresh I'll be right back could you hear me yep yeah let's try this again see my screen now yep you're back that's good yeah that had been discord I have that problem in my my other we're showing a squawk page with the news and stuff and it always it needs to be refreshed so all right so I'm basically well the other thing I want to do is try to turn this thing I'm used driving me crazy people popping in and out of here I do this every time and for some reason it never saves I don't know why I'm gonna spend 10 minutes trying to figure that out right now all right so you know this is bouncing around this sound I know my prices I don't know what this is yet right so first of all we're in the middle of nowhere this this is this is why this market so choppy right this is so this is what I try to explain all the time where you know yeah I took that those yes longs a little bit ago those were not really great trading areas right they were this is in the middle of nowhere so you can just say I'm not trading unless I'm getting to my important zones important market profile composites we didn't look at that for yes let's just take a quick look but you see what happens when you're trading in the middle of nowhere and this is dancing around the yellow Ludwig level right that's where it's the most choppy right this now is getting interesting because it's about to break into this as well just like let's go over to crude there's a lot more going on in that market right now instead of middle of nowhere we'll potentially take a trade near a quick look we're at see if we have any potential set up so we just blitzed right through the zone so this is just like looking at when you look at the market profile right you can come up with with thesis on what is happening based on your areas I know this was an important zone this was huge directional conviction out here that led to like a 500 tick move of $5 move came back came back here rejected it right I'm sorry wrong zone came back here kind of just held in here gapped up the next day came back rejection rejection buying tail buying tail right now it just melted right down through it so for this not to react in this zone after these tails and after this gap up that's why it's here and then this here that's telling me right now something's up that tells me I first and foremost is very likely this market breaks down even further probably to this area here to there's no structure here right you got a little bit of a balanced area this just like a day nothing right so I already know it ripped through here I also know there's nothing here so in my mind based on my experience and how its markets reacting to these zones we'll look at market profile here next this is telling me that we're coming back down to this area right again that's just my opinion but I let the real-time volume set ups now if they're bearish that's a plus see what I'm saying because I already think this market's going to break now I see bullet bullish real time setups it's go time what happened today here you go this told me something was bearish as well or I keep losing my drone there it is opened up try to get outside no spend some time inside here we go markets accept into prior market market profile composites the tendency is to get to the other side yeah this was a prior one we have traded through but this is still looks like it's important and you can just tell all the markets reacting here like this was the point of control this day the top of this was the point of control that day and now we just up to back in so I'm expecting move at least a 75 20 based on that look and then what is it 75 20 let's see what this one is and there you go so 75 20 would be smack dab in the middle of this zone right that's what I'm expecting that's my thesis it doesn't mean it's going to happen I think there was a much very good probability it does probability being the key word now I have all that information there's blood blood down here too and a lot of times when the market especially if it fails at red again these are the second most powerful thing I've ever seen in my futures trading I've been using it for two years now when it fails at red when it gets back below the below the yellow very high percentage gets to the blue right you can see how all this stuff is matching up to an area that we're probably that's not where it's probably going to so that's just my thesis now the most important part the real-time volume I should start seeing I shouldn't be seeing bullish setups if my thesis is correct first and foremost if I see a bearish setup now I can trade bigger size because it's a plus because it's it's conforming to my view of what is going on this was the last stop run so this was 322 stops so if this is bearish this should hold and this is my stop and hold setup this is a specific setup where the market has stop runs it doesn't reject it and then the big money comes in behind it and keeps pushing it down right that's number one what else what else is it looking like this is like the real deal on the sell side with the volume you guys can see everything that I do is based on volume right because it is the driver of the markets I don't know if I've ever mentioned that before it's not prices it's not lines on your chart it's I am and you can see here let's see what this was these last two bars are over almost three times normal for this time period and I'm right I'm right over here that is important information when you see that that's where you get the extended moves because it's big money coming in there's got to be buyers on the other side right there's always it doesn't mean there's more and we'll look at CBD too we talk about this every time as well now CBD is going down here and when you ask someone that doesn't understand it or doesn't know how to explain it right they're like oh yeah there's more sellers than buyers it's not more sellers than buyers there's more aggressive sellers than buyers there's always got to be a buyer for a seller for the transaction to take place right there could be buyers at lower prices but the point is someone's drilling this with the market it's high relative volume so the chart that I use in Sierra chart is showing me this exact time period whoops for the last 30 days is this a lot or a little for the last 30 days at this exact time at you know 945 and 950 central or 94945 central this is three times normal that is very very important information to know right when you get high relative volume these are traders stepping up placing bets you're more very likely going to see a big move one way or another then we drill down to the volume event to figure out which way that way is likely to be right because this is the most recent thing that happened and if you understand how to draw these zones and understand you know the when you're right when you're wrong what you need to see with ATR then you're ready to trade it and so let's put this in the spreadsheet 7689 7672 I said the spreadsheet is part of my trade room please don't email me asking for it it's one of the benefits of being in my trade room this you know a lot of I had this original one for the position trading and then we've added this new trade and my room has helped me develop this a couple guys in the room and it's been absolute godsend it's just like I don't have to guess prices anymore and eyeball it you put the damn prices in and it's all right there in front of you right I did on the webinars 7672 but if you want it head over to my trade room here here is 23.7 23.8 I put it in and this is all set up to be put in exactly like it looks on this thinkorswim so you can see here this is the five minute ATR average range chart this is why okay um there's your ATR right and it's 0.23 it just means it's rotating 24 ticks every five minutes that's what that's telling you very important to know right if you're using static five tick stops well good luck when this thing's trading as at a 40 50 ATR you're gonna get stopped out pretty much every time all right so these are now for me to determine what what kind of setup this is whether it's bullish or bearish these are my prices so if it gets up to 7713 it's a bullish setup right hasn't come close yet that would be one ATR away from the zone that's how I determine if it is a bullish or bearish setup from watching and trading thousands of these right again this isn't just me like yeah maybe let's just make it an ATR I've watched this these enough so many of these that I've learned okay yeah if this is able to push a full ATR away from here this is this is a bearish bullish setup and I'm not taking shorts if the same way the other side right so and then I know now with the spreadsheet and put the ATR on everything I know the exact price that I if it touches I'm not taking a short to the downside to make this a bearish setup I need to see 7648 right so if this word goes as long as this doesn't touch 7713 which is trying to right now 7648 I can trade this to the short side if this gets up remember I am short right now in my mind I want to be short do you see me short right now and I mean I mean I'm not showing my trades right now anymore on these webinars but I'm not short I'm not short until I get a value a real time real time volume setup that tells me to get short you see how I save myself like right now there you go that's an ATR this is now a bullish sub so will I take a long even though I I have a bearish view of this market yeah right now because this market yeah I'm bearish doesn't mean it has to go do this right the second no it could juke and do one of these when as I have a specific place set up now here we go right so this is the barf trade by itself alone and actually potentially no it's not the it's not the inflection it's not the easy trade so this is the barf trade I know they're ridiculous names but I do it for a reason right here this is just the blind ATR retest fail trade like we talked about earlier in the webinar you can trade these trade do this for one month do it on an apex so you're not risking your own money prove to yourself that you can trade just these setups alone naked bear blind and make money it's profitable it's a profitable trade anyway ATR retest failure I'm long do you see I'm not short because this did not signal short now it doesn't mean it can't blow right through here and then then but doesn't matter I'm not going short this specific setup because it's already pushed an ATR out of here if we move lower and I get another setup and then I'll go through the whole process again and I'll short it right but you don't know I can't even explain to you how much money this saves me from using this real-time volume information with opinions so like I said the other day in ES after Paul got done jerping had this balance couple days two three days ripped out gave it all back got through the high volume though this is one of my favorite trades the fail breakout I was like ready to just I even set him I put in my room look out below guess what guess what happened right here there was a right here there was a dumb and dumber setup bullish kind of like we just saw on crude and the market did this I actually went long it was very painful because I thought that was going to happen again it doesn't matter what I think volume setup told me to go long I went long and I caught a 50-point move back up so do you see what I'm saying what I'm trying to get across here is yes you can have opinions but you will get killed continue to trade like use this example as well if I kept saying this thing's got to break down okay I'm going to short it did this this this okay I'm short I lose and then it starts to do this this move here that happened that I caught the long say it's doing this but I'm still held back in my mind this has got to go down I short I lose I short I lose I short I lose see what I'm saying so that's how you can get into some serious trouble with your opinion it's great to have opinion it's a great to have a thesis but then you want to see what's happening real time confirm it right that's the difference and that is what this is going to if anything this is going to keep you out of bad trades right I mean of course it's going to put you in great trades but even if you use this just to avoid trades that is you know worth its weight in gold itself all right I got to stop talking for a second any questions Sam we've we've got some support coming in from Bart Scott Thursdays are the best so thank you Bart I appreciate that but what was that I didn't hear it Scott Scott Thursdays are the best you got a fan thank you appreciate it I hope you guys are learning something that's the whole point of doing this right yeah but other than that the chart is quite shy today so maybe I'll ask another question to you you spoke about the importance of volume there and basically how it drives the entire market with the high volume event setups but do you use low volume when you're trading like buyer or seller exhaustion I personally do not know I mean it's good to see like well especially you know for one that we do the reversion trade in my room and it's basically just trades what we're waiting for to come back here like it's when the market gets an ATR to ATR 3 ATR depending on the market or return to these areas right so yeah when volume is very low those are very most likely to come back and what I tell my room is when we're taking these reversion trades if you see high relative it's actually one of the disqualifiers for the reversion trade so say we're going to trade the one ATR like this thing is this literally touched the exact this is why I take this trade look at this look at this market it touched exactly so you see that price right let's look at the spreadsheet what was that price what was one ATR outside that zone hey look at that it was 7713 that's not coincidence guys that's why we take that reversion trade in my room right that's the one ATR reversion that is about to work and it just did right so I forgot what I was going with that oh so a disqualifier would be so say I'm saying okay here's my volume event I'm going to play the reversion trade again I don't I don't go into the reversion trade on these bookmark webinars especially the one ATR reversions it's too fast I don't even do them in my room I do the twos in my room on my what live webinars but I'm not going to get into that that's another perk in my room come in there you'll learn that trade as well as the well as the other ones but the point is if you have so say I have that one ATR working I have my offer working after I set up everything put it in the spreadsheet I'm like okay I want to get shorted 7713 for I move back to the area well if you see in high relative volume that bar you don't want to be taking reversion trades because the algos the whole idea of this trade is to play the algos whipsaw right well big money is coming in these algos are going to get smushed don't take the reversion trade if you're you see high relative volume so that got me in the tangent yes I don't trade specific like oh this is low volume area I want to trade that I've never really that doesn't dive with what I'm looking at or what I think is happening in markets but it is a nice qualifier for these reversion trades if I see or even if you're getting volume setups and everything's low volume so like like today I mean volume is not great in that case sales 15 billion where you can you know you're basically saying you know what I don't think this market and we know we're in the middle of nowhere we've talked about that as far as structure I don't think these markets are going anywhere and then you look at the relative volume and like yeah this relative volume sucks there's not going to be a sustained move right so yeah you can use this stuff like this when you see red very unlikely you're going to get some big move very likely to get chopped so yes I can look at the lower volume to say yeah I'm not participating or I'm playing range trade whatever right so that's how I look at it I don't trade off of like low volume nodes and all that I just don't that just doesn't jive with my what I'm looking at what I what I think is happening in markets or what I want to what I want to put my money at risk on all right so this is this is the typical routine right this is what happens all day every day in all these markets there's a one ATR so if this gets back out of here I will put on the barf barf trade the barf trade again blind ATR retest fail doesn't matter where we're at for this specific strategy I have this literally as an apex account account number 40 every time I see this in any market I just take the trade regardless and I'm going to prove over we'll look at these stats slow so I've got this centralized I could tell you we're starting to do these exact trades and I'm putting each one on an apex account hopefully they'll all get funded even if they don't we're going to get stats from right then we're going to review talking about my trade room we can go over them in here too in a month every month I'm going to review that each one of those trades and say okay there's the winning percentage of this one this one this one this one and I will bet you you know may not be in a month I bet you over the next two three four months this by itself is a profitable trade without any other input that should give you guys extreme excitement like if that's profitable with all you do is that could you imagine if you have a little market knowledge of important areas then you get that see what I'm saying so that's what we're doing there so if that pops back out of there I will go along at 7716 I can put on seven based on this apex account what I'm risking again I'm risking 10% you should not be risking 10% of real money if you're trading real money of your account that's too big a risk you're going to blow out you have a bad day you're going to blow out and I can put on seven so if that comes back to 7716 what's 7716 that's 115% of an ATR because I want to see this market prove to me this is all contingent that it doesn't get an ATR below here right if this can hold and move back up it's got to show me and get just outside an ATR push outside the algo nonsense and then I will go along now the disqualifier for that is now if this moves ATR below here and I'm fine with that because I don't really want to go long anyway I'll go long because it's my strategy for that setup for that exact barf trade but if this gets down to 7645 this is disqualified and I can go short I'll just look for I'll set up another the next thing that comes in I'll set it up and hopefully it'll be short so this did not get down there yet so we'll keep an eye on that other than that I'm going to go long if this gets back as long as it doesn't touch 7645 gets back above there I am going to go long at 7716 usually set those up here hold on one second so the trade is apex number 40 any questions while I'm doing all this too you can always fire at me now I guess we're by wire yes sure yeah it's just hard jellybean all these different accounts is asking all these webinars any thoughts on natural gas 210 contracts did you get that scott if I come back to it I'll keep an eye on it can you hear me scott can you find my trading monitor all right so that's that I'm looking to go long or I really want to go short but that guys there's ways you can have this is why I'm doing this too and this is what anyone should be doing instead of pigeonholing yourself into one trading scenario setup I could be I could be short the lick trade I could be long is he could be short that one I can be long that one right they're individual accounts so you know while because it's completely slow right now we'll talk about doing this apex right so I know there's a bunch of trading you know whatever you call them trading backing firms out there and guys I'm well aware that these firms from the one that started a long time ago and that's the one I did like back in 2013 and I did it like right at the end before I had to say uncle and go into medical sales because I couldn't make money anymore like we talked about this was this is a setup I didn't hear that fire I must have my volume down so this is a setup and yes there's 500 stops in there I'm well aware I'll draw this on while I'm talking that these these these trading backing groups this is actually a thousand right so you had 500 a year another four hundred here four hundred and sixty years I'm well aware they're in business to to take 95 percent of traders don't make money right it's a great business model I again I mean it's just it's a credible business model and you got to determine whatever one that you decide to use hey are they in it to just make take money from traders that don't make it or do they they really want to fund traders and make money from winning traders guys that can make money right so I was recommended by a a very reliable source that's been in the trading game for 20 years and he actually he actually sent me something on I'm like is this legit because I've done and everyone knows like what the very first one was so I did that back in 2013 and I qualified then they came back now you got to do a a second super super secret qualifier and then I do that and I will qualify well now you got to do it in a live environment it's like you know what this is a bunch of bullshit part of my language like you're just trying to take my money from these you're not you don't want to fund real traders you want to you want to take everyone's money that doesn't make a trading right so and I know them and now there's a bunch of them out there they've changed the rules because they had to because it's not because they had a monopoly and now now there's so many and now they got to be more relaxed in the rules so the point is fast forward and now I just kind of gave up on that game I'm like okay I don't need you know I don't need that nonsense it's a bunch of nonsense so I was recommended this apex trading by a very reliable guy that's been in the business for a long time and I said are they legit do they pay he's like they everything that I can see I don't think he had been paid by him yet but he's like everything you can see they are completely the real deal so then I said you know what I'm gonna do this for for my trading room to prove that this is the real deal right so this is I did it qualified you got to be very careful on these things right so this is this is the side I got this just use my code scott 50 I think they're pull pull senior 50 this is my code but you can go in here and you can pick whatever you want right whatever trading I did the 150 I think this is the best value when you break these down this is the best one right so normally it's that you go and they come out they do come out with sales all the time so the code is let's see here and what's the code just want to make sure this is right not on this one sorry it's like I think it's pull senior 50 and that gives you 80% off but anyway you can set up with these with this thing and then you you got to you've got to do that you got to make 9000 basically before you make 5000 so it's basically a 5000 trade dollar trading accounts on $150,000 it's 5000 right because if you lose 5000 you're done and that's goes for even when you go live but these are the same parameters the only thing is with this you got to be careful because and I blew out of a few when I first started where I was profitable right so your your profit goes 9000 so I think the very first one I did I went up like 7 grand right then I had a drawdown which happens all the time in trading and I lost back 5 grand that was a trailing stop so I was still up $2,000 for the sell NG 156 contract I guess some action in NG we'll trade that too possibly I was still profitable $2,000 I blew out of the account I'm like well this kind of sucks but it does teach you rules it teaches you you've got to contain your right and you can understand it from their point of view if they're backing someone with real money they want to see some constraint and you be able to control yourself and you know even though they can stop you from trading on their end whatever the point is it teaches you rules of trading so you're not going out so I did that a couple times actually where I would be up money and I'd give it back because I would just have the trailing stop once you go live and then there's not really a trailing stop anymore I mean you start out with 150 grand you still can only lose five grand but if I go up 160,000 well if I go back to 155 I'm not out of it it's actually it's 150-50 so if I go back to 150-50 I'm out of it but the point is as you build this thing up it's not a $5,000 trying to stop and you're out so that's that's good news for if you want to once you go live and then they've had a bunch of changes in there where now you only have to trade seven days or something again guys go on it's actually on my website too if you go on my website while we're here for all these everything I'm using and actually I forgot to get that if we go here so these are everything I use you get discounts to book map here's the Apex spot gamma tick strike we'll bring that up right now I forgot to bring it up I was wondering why I'm so quiet in here and I wasn't being tortured again I make fun of it but it's a necessity in my trading I just just as painful when you have to listen to trades go against you and watch them go against you we'll keep that up there so if you go down here the webinar I did with them is right here and he explains all the rules I've changed a couple of the rules for the better but guys I'm telling you if you're just learning or if you want to trade all these different strategies right and you don't want to risk your own money like I'm not even I'm not putting in you know 15, 20, 30 grand in each one of these in trading them I'm going to just qualify for these right and then this is what I want to do my trade room anyway I don't care it shouldn't matter where I'm clicking and you know you're not there to mirror my trades it's to understand what I'm doing and do it for yourself right so this is going to show each one of these each one of these accounts I'm going to show what the winning percentage is after each month and none of these are live yet they will be once I qualify for them this one's live the reversion trade's been live for a few months other than that these are all basically like sim accounts and who cares it doesn't matter if it's sim or not it's if it works or not for you right so anyway if you're not if you're struggling if you don't have a lot of capital just do this one you can practice and you have some skin in the game so you get so many traders are saying ah I don't trade the same when it's when it's sim I just I well this it's sim but you're you're risking money if you blow out the account you got to re-up some cash so it feels real to me and it's always been for me anyway even if I would do practice trading on certain accounts it feels real to me it feels real to me it's about being right and wrong it doesn't matter what then that's what allowed me to become such a big trader back in the day I started out trading ones and twos right I tell you guys this all the time I wasn't just handed here here's a thousand lots go go start flipping them around I started out trading one lots my very first day of trading all I traded was one lots my very first day I lost 2,500 bucks trading one loss almost got fired my first day you know how hard that is to do scalping it's it's almost impossible try to do it you can't do it so my they almost got fired my very first day you guys a lot of you guys know this story it's just pretty unbelievable that I lost that amount of money trading one lots I lost money every day for my first two months right and then it clicked and then I took off but I started trading ones and twos and then as I and once I like saw saw the light then I went to twos and fours like I was just you know this was kind of like the eight plus stuff when I saw something I was like I would trade a four then I went to four to eight eight to eight to sixteen then eventually then I like every month or every couple of weeks I would go in the owner of the firm's office and say hey could you have my size and he was like absolutely because I was just printing money right so by my point is I start out trading one lots so there is nothing wrong with going in here and getting good at you know even if you want to implement my stuff right this stuff come to my room learn the stuff or whatever you're trying to do there's nothing wrong with getting good at it with this and then guess what if you do well at it you're funded you're not trading your own money anyway I was just telling my room I told you this beginning of the webinar too I think I can't remember it feels like two months ago when you are trading someone else's money it is night and day versus when you are trading to survive when you are trading and you know you cannot lose because you can't pay your mortgage this month or you can't pay your car payment you do not make the right decisions it's just human nature right just kind of like if you stare at your P&O when you're trading you don't make the right decisions so I'm telling you this is this is a great alternative it shouldn't even be an alternative everyone should do this and that's exactly why I'm doing this for these accounts right so again yeah I'm plugging them but I use it and I and I qualified they did what they said they were going to do and I made money and they paid me so you know I've only been paid once on this on that reversion trade this one I've only been paid once so I think it was like 2700 bucks they pay and everything's legit I wouldn't put my name on it and in the first and so I tell my room too everyone gets all nervous because I keep coming out all these sales which I don't understand that strategy but whatever and I'm like guys don't question don't question it until the minute they if they didn't pay someone like legitimately not someone that was a loose can of by the way I forgot I forgot to put the stamp sharing on hold on so this was the long right I was supposed to this was the ATR retest long it never got the it never got the ATR below this is the ATR retest and I remember 7714 was my long price so I got yeah okay I'm long now so I forgot what I was just going there what I was saying about trading your own money I was saying something I can't remember Sam if you remember what I was saying great if you guys were just all tuning out that's fine too but the point is okay can you hear me? yeah yeah could you hear me? yeah yeah we hear you but I think you were you were ignoring me for a moment but I thought I'd upset you or something oh I think I sound I gotta turn it down when I got the squat yeah yeah I sound a lot like that squawk box guy I think maybe maybe you can get us mixed up sure do get the same accent yeah I thought I literally thought I had feedback or my voice was coming through somehow it was strange but yeah we've got a question here do you have any thoughts on the natural gas at the moment yeah actually I was just I was just looking I was just looked at my alerts and you heard that too but see a lot of times this is why you want this print version of the alerts too because a lot of times because I have so many things firing off I'm watching like 16 markets if I hear it I'll hear it but I'm not listening you know what I'm saying so if I I'll hear it I'm like wait what was that and I'll look up and then like you can see here it was natural gas it's allies right you go to get that up you just go to your file settings or alerts and then I'll pop that up so you can hear it and see it so hold on so this is natural gas let's take a look so first of all which way does this market look like it's headed the liquidity trades in play here right that's a separate trade this is an independent trade where I trade in the direction of liquidity if it manifests right so here's your setup 173 cell ice that is threshold threshold the natural gas is 150 you can actually even lower it I just don't trade it enough and I don't want to this is the most elbow written market out there I mean look at look at this thing it looks like a Christmas tree right that's elbows so I'll still trade it it's still the trading the strategies work exactly the same in here as they do any other market but I want to know when bigger size comes I don't just want to be playing around with small size because it's just a very frustrating market and you can almost bet even if you get a trade on you're going to be tortured for a while right because it's just elbows whips on you're back and forth so just know that if you're going to trade natural gas it is not fun most of the time but it does move and it moves big a lot of times let's draw this started so again take your bubbles off find where this spike started so you use your crosshair click that come here here's where that spike started that was the price right there draw my bottom of my zone there and then trace it over to where it stopped which was right there that was the high price of this spike right there that's my zone bring my bubbles back put our prices in the spreadsheet and we'll see where we can potentially put on a trader 2.406 is your top of your zone 2400 2.40 below there we go do here this thing is really shrunk as this market's gotten absolutely killed like we'll look at this in a second that this market has gotten just destroyed so the like the ranges have been so much smaller usually you'll be like when it was out of ties it was moving to 300 ticks at a time right nine that's right so that's changed us to 0.0197 all right so the prices to trade so first and foremost I know if this gets to 26 to the upside the last two digits it's a bullish setup 80 is a bearish setup so let's see what it did but it didn't either yet right so the way I still don't know what this is bearish or bullish just blind like for the barf trade the blind ATR retest fail trade don't know what that is now let's look at some structure stuff maybe we can come up with a thesis where we can trade bigger so this setup happened this inflection zone so this could be an Izzy so 24 again that was 24 I said that was 24 top of the zone 24 06 the bottom 2400 so let's see if that was in the middle of the zone pretty much right at it all right so I would trade this as an Izzy what's the Izzy inflection zone trade so now I have two potential trade setups that I can trade here they could be potentially they could be opposite ways the Izzy trade is only going to be long right so that's big trades with moves in a prior inflection zone so trade is taken aggressively so again this one I'm not waiting for ATR retest failure for this particular trade the Izzy which is the apex 39 the minute this breaks an ATR out of here 115% of an ATR and that's this price here I go long at 29 and I stop out at 2377 all right so I'm going to put that order in right now at 24 2.429 and it shows me my size let's make sure this is right yeah so I can put on one big one or I don't have QNG on here but the QNG is a quarter size it's not the micro but it's a quarter so I could put on four QNG so I'm going to put that set that up right now right I'm going to stop here too by the way hold on this stuff is all over the place today I know I had these set up on these Apex and now I can't find them hold on or it's QG not QNG it's QG I said that was Apex 39 so I can go long at 24 2.429 is where I will go long this is one independent trade strategy right I can go on four so that's risking basically 500 bucks which is 10% of that account I can do not be trading 10% of your account size if you're trading real money I'm more aggressive with that one because I'm just trying to qualify and then I'll go back to normal size all right so this is about to take off here and actually this so this is this is now an ATR out of here it didn't retest so the this trade's in play too it just didn't retest the barf trade lined ATR retest so I could be long both of these right I'm already I just got long lick trade I could be long that trade I'm sorry not lick Izzy Izzy trade and if this retest fails I'll be long that one as well these are two different strategies I could have them both on in the same way I can have them on opposite ways they're different strategies right depending on how it reacts to the zone so I'm long that and I'm long crude right we got long crude at 7714 those are all in there too the stop for that trade is at 7645 good you can see their hammer on these stocks let's go take a look we'll probably be getting something new coming in there near shortly let the torture begin in both these markets I have no illusions that this thing is just going to red all the other thing too let's now liquidity trade so the liquidity trade could have been in the downside but this is now in a bullish setup so that trade is not in effect till I get a better setup then I could take the lick trade as well right now I've got the Izzy trade on the inflection zone trade I don't think I drew this one did I get this out of the way yeah this was worthwhile too I don't know what I'm doing here hold on this is 262 it's not even the other ones were like stops back and forth and they were barely threshold this one was almost double threshold so this is definitely an attempt to do a trading let's see if that's right it's not right so you see I got to bring this down to cover this entire spike that ended right there but the prices came down to there so I got to move this one down so that zone price was 13 3 quarters 12 6 13 3 quarters is the top of the zone 12 6 0 2 at the bottom I'm pretty sure I'm missing a trade here but I was on another market so I can take out 12 6 0 2 at the bottom I'll be over on it too if you do something wrong it takes a lot of your I need it what did I say 13 75 maybe here it's currently 31.38 so it's definitely picking up so let's just see why I missed here that you guys can't I've done very little complaining on this webinar so you are selling 75 billion dollars of four-week bills with a private discoverer 2 to 47 change this color just so I don't get confused in my zone areas so this got up to there was no way that was an ATR above this zone so this zone is already is bearish now right how do I judge that well if it got an ATR above there then it would it's a bowler setup did not get up to 45 25 right looking at this yellow zone how I'm pretty sure this is a bearish setup that alone will get me short on that on the the barf trade that is so the ATR below was 70 and a half did that touch 70 and a half sure to hell look at that right to the tech you guys ever see that before it's literally amazing guys I'm telling you this is why we have this trade in the room it is unbelievable how these markets you know as long as the big bunnies aren't in here running people over touch the ATR and back to the area touch the ATR back to the touch the two ATR back to the area it hasn't happened yet but I'm just saying volume is not really picking up either as far as relative volume so it's probably going to retest so now let's just see where we're at for these different trading strategies right so we're still basically in the middle of nowhere we're not in back in this zone this zone's from bunch of stuff back here and then you had buy and tail buy and tail buy and tail buy and tail directional conviction very important zone this is heading into it's not there yet so if I were to get short so say I get short on that setup waiting for the ATR retest and I get short I'm going to watch this zone very closely to be peeling out of most if not all if it can't get through this is already shown again instant rejection instant rejection instant rejection directional conviction very important zone what's it going to tell you if it rips right through there look out below like we talked about right I'll trade in here for some reason say it does come in here and say I get long the Izzy trade and it rips through and stops me out okay I lose money on that trade but that is a great information like okay something's up right my point is this is nowhere special here we've already determined that I do have a short thesis in here based on the market profile stuff right remember we were talking about it breaking into that market profile composite well now we have a volume setup in that direction so I could potentially trade this bigger size right here you go so that's exactly what we looked at earlier two things happen today the size for itself CL 150 pound price all right so that's good for trailing my stop remember so I don't trail my stop so I don't lose money I trail my stop based on a new volume event and that just happened in Coruvus we'll go back there in a second but again this market could not once again hold inside this just like yesterday and now we broke in the year just like yesterday now very likely at the other side with another attempt in so I am bearish this bearish thesis this market I mean I'm just jumping in a short not no not yet if it goes ATR retest I'm going to short and I'm going to short double size right you could you could get you could based on what I just said you could say yeah that's enough for me I'm going short aggressive well then you would be in at that aggressive price the minute it broke outside of an ATR which would be 12, 5, 66 this is the price I will short it but I need to see ATR retest failure failure a.k.a the barf trade every time I say it I just laugh it's hysterical this trade this is just the blind there's nothing else really here yeah I have that market profile idea but other than that there's no other trading specific trading setup of those five setups that I'm looking at so I'll take that once that happens if I don't get that then I don't get it then it breaks down and I sit here and cry that I didn't get the short on but that those I'm looking for these specific trade setups guys this is the key to trading not these specific setups yeah these are all going to be profitable I can already bet on that but the point is come up with your own and follow your rules find an edge follow your rules and then it takes so much we were talking yesterday I think it was spot game I said I'm going to start to use it bringing order to chaos right you just look at this stuff you're like you bring someone that's a never seen markets or doesn't know anything about trading and they look they're like what in the hell is this stuff like what are all these bubbles what's this what's this blue it just keeps going back and forth right when you have a trade plan you're bringing order to chaos right where you're not like every move oh my god I just missed that oh my god I gotta get in no no you sit here and you wait you wait for the specific thing that you're looking for like a sniper and then you get in so you see I'm not chasing this market I'm waiting for something if I don't get it something new is going to come in and I'll get another chance let's go over to another reason I use dick strikes so I like right now I wasn't looking at natural gas which I'm long I can hear it fight or not you see that this should be 11 put these up just gives me a heads up that these other markets are doing something right all right so we just heard this fire off 150 cell stop cell ice and I'll watch how I do this get the bubbles off first draw the zone that's the this one all the prices that occurred in the spike up to there you want to spread it out too so you make sure you don't miss anything I usually try to color my cell ice black I like to know which type of you know buy cell ice not that that's you know it doesn't mean you just sell every time you see cell ice it's it's important to know papers right more often than they're wrong but they're not always right that's the broken ice setup right so let's put these prices in 7744 down to 7736 our is 26 and 23 226 your brother keeps talking he keeps throwing me off here all right so remember I was already long in a set of our this this prior setup right this one got long it did not violate it to the downside so I got long on the ATR retest that was this and then I got long 7714 still long now what do I do well my original stop was 7645 if you remember correctly now I can bring that all the way up the new volume event an ATR just outside of an ATR 115 percent load this volume event here so my stop was here now I'm going to bring it up to here that exact price is 24 sorry 7706 if I want to go long so because I would go long off of this new setup these would be my new prices I'm already long so I'm trailing my stop based on this new setup I can also go long at this price add to the trade I should say we'll go over that here in a second 7706 so now I'm able to bring this this stop up 60 ticks right so I was here here's a new volume event now I'm going to bring it an ATR plus 15 15 percent 7706 so now if it comes back I'm basically scratching the trade am I scratched did I move it to break even because I moved in my favor which so many of you do no I didn't do it for that reason I did it because there's a new volume event the market doesn't care that you don't want to lose money the market cares about volume events and liquidity and ATR speaking of liquidity why didn't I put this liquidity trade on now there wasn't much here just came in now so that's not really I'm talking about liquidity that's been in here for forever so I'm not too mad about that but still I'm long so how could I add to this trade well first let's see where this is do we have any other setups besides just I always I always know the barf trade is in play right now what I'm going to do too is this smart this zone is done right this is traded I think it was good it was good now we traded through it through it it's done so I'm not going to trade off of that zone anymore right and I'm going to remove it when a market trades through an area a bunch of times it's not relevant anymore so there's really nothing as far as this I mean as far as my distinct setups there's no iszy potential lick trade but that just came in so I'm not going to really trade that definitely the barf we'll trade the barf dad has not in play I don't think so dad has a stream standard deviation of VWAP let's see here no we're barely we're not even back at VWAP here let me get this out of here Prince talks by CL 4199 contrast all right so guys do you see like I was very certain this market was going to break in my mind based on what I know right how did that work out did you see me go short no I went long why did I go long because the volume told me that's not breaking right now go long right so do you see like that this is the key this is the driver and when you get it in your favor fine it's go time then to trade bigger like that not only was I not short I'm long now here's another setup do the same thing well I'm very shocking we're going to this liquidity I can't believe they're playing the games like I told you about it's been played all day every day since the futures came to the screen so let's draw this stop run dude so I'm gonna trade all my stop to this new event all right so when you're drawing these you can start them like this one basically started at the red line just make sure you can start them on the sweeps if you see red it's not part of a sweep but there's no sweep there's there's no selling allowed to come in during a sweep so I would not draw that zone starting here you draw it right here this in this case it did start the stop run meaning sweeps didn't trigger the stop run the stop run was the sweeps you know what I'm saying so again all all stop runs are sweeps not all sweeps are stop runs right this one was the sweep was the stop run that's probably confusing for newer people on here but it'll all slow down watch some of these webinars come to my trade room no one at all very important it's not rocket science though guys it's seriously it's just understanding how did how the market reacts to these volume events that's the key all right so that's my newest zone so quickly let's put that in that's now 77 down to 64 and then we'll take one look at natural gas because that's rolling in my favor 77 let's see sorry 77.77 77.74 here is up to that's the same 26.4 and same it's fine all right so what's my stop now well if I were to go long this setup I go long at 87807 I stop out at 34 well I'm already long so I can trail this stop now to 34 my route's just at 06 now I can move it up to 34 now I have a guaranteed profit in this trade did I do that just to ensure myself profit as the market moved up no I did it based on a new volume event right and then now other areas where I can be looking to get out and this is all part of the trading in the zone document too that's that we talk about where I get out that's this these are the five five are number five on here I pay myself if the market makes the money available to me Ludwig levels market profile composites highs and lows points of control by the way the lug with levels you gotta that's not on my website you gotta go to hers Ludwig levels.com fill out the three day trial you can try it out say you saw it on the book my webinar she's got special pricing for you guys these are the areas to get out on some of them lug with levels major level levels I got out of all of them but these other areas I'll piece out a summon I'll try to keep hold one to the major luck market profile composites highs and lows PRCs we're actually at that right now for crude we'll look at that in a second be web standard deviation spot gamma level struggle you through heavy resting liquidity some of these can be all on you know on top of each other confluent so this is an area where I'm going to get out of one of my contracts I have four on I'm going to get out of one here because this is an important area I'm not going to get out of all I'm going to try to see if we can get up all the way to the red luck right and I was also able to trail my stop so I'm guaranteed profit here I'm going to get out of this that's that I was going to show you one other thing I'm going to show you something with the trading in the zone I think it was just this market profile composite high right so those are the areas that I'll piece out a summon so you pay yourself as you're right you don't have to get out of them all I'm trying to get to this major lug and or a major zone Izzy zone which we're pretty close to say this market fires up into here I would definitely got to have another one if it starts to struggle and if I get a short set up I'll turn around and I'll go short based on the Izzy set up and I can have multiple things on multiple strategies on so that's that natural gas was wrong my favorite till I jinxed it and opened my mouth right when I jinxed it this is where the selling came in so that's how my trading life works I'm much better off not watching it so what do we take here this was the Izzy trade where we had the volume event that sell ice broken ice and the minute moved out of there I got long right so there hasn't been a new event here so now I'm just looking at places that could have been out of some here let's see quickly and then we got up off I think you guys got another guy coming on today gas deposits drawn here so this you could get out here if it's confluent something I'll sometimes get out this is