 All right guys, you hear me in YouTube land having technical difficulties like I said Soon you do because I just heard myself So of course you got to start all discombobulated scrambling to figure out what's going on here. All right, so there's a bunch of Markets look like they're on the brink of falling apart and the Usual bungee jump right here So NASDAQ you know these markets are bullish short-term intermediate term obviously bigger picture, so this is look at this stuff from top down to the Structure down to the real-time buy-in that's happening right now, but anyway over a bigger picture This is broken out of that balance and this one balanced the last few days Breaking out right now, so that is definitely bullish Doesn't mean I can't take shorts, but I Would not take shorts larger size as long as you can take larger size if they present themselves, so That's what I see here Draw down to the shorter term stuff I'm echoing I don't know why I'm echoing Of course, I'm echoing It shouldn't be echoing anymore though. I turned off the book map I mean I turned off the YouTube so if it's still echoing let me know, but I have no idea why it would be echoing Sounds good. Okay. All right, so this is the most recent set up here in NASDAQ Not go over what I just did in the US More stops So, you know, this is not surprising when I just showed you that larger-term balance area. This is what happens when longer-term traders Start to feel the pain. This is called a puke Right and you're seeing the puke with the stop runs that's the beauty of book map you can actually see so a lot of the Educators out there and using air quotes for the educators You know, they just guess things are stop runs areas or stop runs You know a lot of our our apparent like highs of days stuff like that But they don't know for sure you don't know for sure unless you're using this SI indicator stop iceberg indicator And with the MBO data from the CME and book map, right? So I know for certainty these are stop runs. So this is a puke of that balance area He saw puke puke puke And this thing's off the charts MQI Seisberg by MQ 182 contracts. I got bias here This is trading like some kind of news just came out. So I don't know what just hit But I know we have there's no number Again, this is breaking out. So it's I'm just trying to see if we're in my inflection zones. So these are zones that I draw that I use And you can see we are into one right here. So there's a volume of that. I would take a short here if it presents itself Because this was a zone from the further this goes back the longer the Things that have happened there and you can see there's stuff here I think it's the bottom of this balance here And then it was top of this balance here and let the break down and a break down and we're here again. So I Will probably be careful Taking a short here. I will still take sure it's on the day trader But I will not so Izzy trades are usually moves into inflection zones are usually fate Aggressive trade. So the minute I get the volume event and it breaks down out of the my event I'll take the short aggressively in this case I would wait for an ATR retest failure and I'll go over this But the reason is because this is breaking out of balance. These are not the best places to go short When you're breaking out of this balance and the rule of thumb is when markets break out of balance They usually will move at least a hundred percent of the size of the balance area, right? So this one's probably 15 for down the 15 let's just say 250 ish maybe a little less So you're looking at 150 points for the breakout is the rule of thumb, right? So I'm expecting this to go to at least 15 550 rule of thumb that doesn't mean it's going there straight, but that's again, it's just Makes sense that the traders in here that are short that the puke and that just loaded up energy But anyway, you know, this this is a this is a gut call here It this is you know, not right on top of breaking out here. It's not like I'm shorting right here But I'll probably still wait for an ATR retest failure I'm about to go over that So you can see there was by I didn't do anything with any of these setups So none of these setups presented themselves as aggressive entries and they were pretty quick anyway I wouldn't got to them trying to get all this crap set up with the YouTube stuff, but You can see it was stop run. So these are all these are one of the seven setup setups distinct setups that I traded with Speaking of which, let me put this in the room so this is my The document with everything that I do everything I use my SI indicator course Spreadsheet zones I now have that as a subscription base We can get these zones that I'm showing you and you can get the actual spreadsheet that I use you get that for you in my Trade room, but if you can't make my trade room, that's that Website email You got questions and these are all the things that I use that you can get discounts to you Just click on these links and you get discounts to everything your apex trader funding use that code for any of the sales They got going so I can't I'm there's gonna be another I think there's another discount coming here in spot camera here shortly But and then Ludwig levels will get into that and then here's some reviews from my room to down here I've added so I will put this in the YouTube channel Put it in discord and we'll figure out what we're gonna do here. Mr. Nasdaq That's just To see so speaking of Ludwig levels the yes, just tried to rip through its lug and bounced off of it We talk about in that tutorial I did with Pymol Ludwig I'll just put this in now because I always talk about it Looking at it in discord, so I will post this here again. So you I size for guys yell 155 contracts so you can watch this. This is just a basic Got on with her a couple years ago. She's in my room now as well. She kind of monitors the room, but We talked about some situations just very basic stuff was when I first started using these things She's the developer of them. So she would tell me how she would use them Anyway, when a market tries to pierce through a major lug meaning big blue or big red and it can't form new Lugs and it gets back above that's usually a sign of a rip. So again, I Use different things to judge to come up with a thesis on the day And if this volume events the real-time by events are happening right now Match my thesis then I can trade bigger and I have more confidence in the trades on so forth So you can see this tried to bust through these lugs couldn't do it right now That's bullish short-term potentially thesis and then what you got here This is a very important level on the market profile. This is a couple day composite You can see the market broke out to start came back in When markets get back inside these market profile composites The Tennessee is to get to the other side. Well for this to bounce off of basically the point of control And it bounced off this prior one two and then now it's here. So Many times they'll come back test test the edge and then go, you know And then cover the whole thing But if this gets back out of here This is telling you something's up right because this should do that if it does that then you expect bring them So now if this moves a little higher, I got that information for my thesis I got that information for my thesis and then I already know That we're basically This is not breaking out yet. So this looks a little different than NASDAQ So this did not break out of this balance area. So this is still this is right smack dab at the high volume So I don't really have any information from this for a thesis But I do know so I put this in less yesterday So this was right at this is after the close 26,000 by ice came into this market like after the close between 3 and 4 p.m Central so they're not feeling too good right now. I'm thinking you just got to always assume that they're initiating positions I don't care what they were doing. This was not the best place to buy right? They could have blocked on here It's the point is just assume you're never gonna know I tell you guys every week You're never gonna know what these with these this bigger money is doing unless you're sitting right next to them So just assume they're initiating positions And that's not it's not looking too good right now. So I would definitely watch You know if this does start to move higher watch this area for a failure if they can get through here Then this thing's probably gonna just fly off the page, but this is this is interesting here So this is kind of we're talking about thesis. So we had market profile bullish check We had lugs bullish check. This does not look bullish to me It doesn't look bearish per se as far as the balance area. So I'm neutral there But it does does look bearish as far as this buy ice 26,000 bias couldn't hold this market overnight So I've got you know when we talk about every day when you're coming up with a thesis or you decide a lot of traders Like to eliminate one side of the market and just trade one way for the day I don't really agree with that you can and you're gonna have a lot less trades. I'm a day trader I'm looking for both both ways But what you do is you have a scale type of thing where you know you put your your bullish things On one side of the scale so you got we already know talked about the two So there's another one and then on this side say it would be this this bearish instance here So it's like okay now you weigh well the three checks that way the one I'm still gonna lean bullish that type of thing right? That's how you can come up with if you're gonna trade a certain direction or trade bigger in a certain direction so on and so forth So anyway, let's get this drawn and probably don't want to spend a lot of time before I get these owns in my spreadsheet I mean that's that because it tends to move pretty quick So this was most recent set up was 283 bias. This is automatic zone Drawing tool that is being developed in my room one of the developers in my room It's awesome. You can see like you've watched more if you've watched my webinars for last seven years It's a huge pain watching me use this 1984 drawing tool where you come in you got to hit edit and horizontal line but towards line come back and get out of edit mode So this draws them automatically. They're not perfect yet But just putting them on the chart is 80% of the battle, right? So you got especially with these icebergs you got to adjust them a little bit So right now that this will be a subscription based tool But right now we're beta testing it in my trade room So if you remember my trade room, you get this tool for free for the time being And then also while we're on that you get the spreadsheet for free as a member of my trade room But if you can't get into my trade room like I was talking about you can get this stuff And my inflection zone so these you know these important zones that we trade off of that It worked incredibly well to where these markets respond of these owns here You can get those as well as subscription base and that's all on this website here Scouplessingetrader.org so you can get the zone that this is the spreadsheet that I use And I actually need to rename that I should put spreadsheets so it doesn't confuse people or the inflection zones or both combined So that's available you get this for free part of my room if you're in my trade room in the discord trade room And you can get to there on my regular website It's in that document So other than that you can get a subscription to it All right, so back to this So this is where It's like this triggered and you can see the spike here 276 with this drawing tool. It's awesome. You can just scroll This may be a one tick zone too. We'll see so we're learning more and more how to draw these zones properly I've only been drawing around drawing them wrong for about seven years Adapted after Bruce banging into my head enough times I finally started to realize like especially with the reset mode This will go on for however long I have this reset mode and then it'll stop at the minute mark of my clock Well, that is not indicative of what's really happening. It just cuts off there But so you got to know where you draw it and then where it actually stops coming in So this was actually one tick zone. You can see it It's started a spike right here and then more sell you see the selling here This was by ice and it triggered more by ice and then a flat line So nothing else is coming in and you can just follow it on you can see it on the bottom there Nothing else is coming in. You know that was one price. I don't have to include all these prices down That's what I used to do. I used to include all the prices and you know, this still was an edge It's still is a profitable edge But you know for what we use in the spreadsheet and everything else It's not you want to be as accurate as possible, obviously So these prices were not part of this bias. It was up here. Like I said, this looks like this is very rare in In an queue to have a one tick zone, but it looks like that's was that was 15452 75 Was that zone? Let's bring this down This won't go to the exact tickets of one tick wide, but That looks like that to me unless I more came in here and it did not so Actually some so I started coming in a little bit here, but So that's the zone I'm going to put in 1415 452 75 Go to my spreadsheet and I plug that zone in One tick zone very rare and as like 22.78 is your ATR. We plug in that the current ATR It's very very important five-minute while there's ATR and get on thinkorswim you can get it on Sierra chart as well Shown that in the past. I get a second. I'll show it, but you can see it's down here, too. So 22.79 so that is in now we judge based on how this reacts to this zone whether it's bullish or bearish and this already looks like a bearish event, so that's all in the spreadsheet, right? So just from watching a million of these things these are the rules that I've come up with to trade these volume events, right? So if the market gets away an ATR It'll determine which way I'm going to potentially trade that what the setup is whether it's bearish or bullish So the validation price for that setup to be bearish was 15 430 I think that easily got yeah, so that so this particular setup is bearish And actually this is this is an example where I was saying I could take an easy here You see how it's starting to fail on this zone is he short so I said I was gonna be I was gonna wait for a retest I Could have taken that aggressively and I should already be in the trade But I'm gonna wait I said I wait for a retest I wait for the retest because again We're breaking out of balance and breaking out of yesterday's balance So if we go ATR retest failure, I will short this you could have shorted it aggressively Some you know it may not make it back to this zone and that's the reason I should take these aggressively. There's certain trades And my trading strategies which will go over that I wait for an ATR retest failure And there's certain trades that I don't wait for the retest because it the areas are so important That it may just do that right so this may just not even come back here and keep going down And then I missed the trade, but that was my decision You got to make certain you know most of my stuff is black and white, but sometimes you know it's subjective And you got to make a decision. I'm gonna wait for a retest failure in this particular zone Plus I got to keep listening to these things asking about anyway So hopefully we'll get back up there retest and then it fails out of there Then I'm gonna short it, but I may miss this particular Izzy short But you can see here how these markets are struggling at Are this market struggling at prior events, right? So it just it's just common sense traders get run over sellers that were in the order book over here It got run over sellers got run over anyone that holds their breath as it comes back to these areas They're like just imagine you're short here a boatload and you're like, oh my god Oh my god, and you're about to puke them right and you're like, please come back Please come back and it comes back and then you get out of the trade So guys everything I talk about in my course or everything I trade and I go over on my course It's just it's from personal experience of trading millions and millions of contracts rights back in the day And you know up until now so I don't trade millions of contracts now I used to average 50,000 contracts a day. So all the setups are based on around turns I should say Are based on my personal experience and how I used to react when I had huge positions on and How other traders used to react like I showed you guys last week when I was showing you my trading videos Back in the day when I was a scout a huge scalper How you can see the counterparty so you can see what other traders were doing and it was showing you exactly who it was So it was like a big poker game, but I would see how they were to react So all my setups there's six distinct setup setups in the seventh one coming That are based on my prior volume experience, right? So anyway the way I used to be so say I sold here and then I would do the same thing I'd be holding my breath wasn't a Nasdaq most of the time But and when we come back I would be like thank you God. Give me out of this trade, right? So that's what happens. See, you know if you are We have a reversion trade to that we talked about my trade room. I Mean that we do in my trade room will go over that as well, but some of these areas are really I guess that's me. Yes are really good areas and here's your retest Stop by and huge 188 so I'm pretty sure this is the one or two ATR and it bounced right off of that We'll go over that. I haven't covered that yet. We got another setup now two of those so That one I'll short aggressively if that fails, but anyway We'll go over I made a mistake here in ES earlier. I got out of one of them And I still have half on of another one. We'll go over that We got three minutes to the natural gas number this is a shame because I was waiting for a retest of this This is probably the biggest by ice I've ever seen in this market You can see somebody knows something. It's just a just a it's just a wild guess that someone's putting on 1616 hundred by ice and this this one was six or so 2200 plus by ice, you know a little bit before a huge number coming out so it's Like I talk about all the time these markets are completely manipulated they always have been they always will be it's either you complain And you don't trade them or you you just sit there and stew on it or you understand what's going on And this is telling you what they're doing so if you can't beat them join them So I'm not saying this is for sure going to go up We have a setup called broken ice when the big money is wrong But the odds of this holding are very very good and especially before number Someone doesn't come in and put 2,000 contracts on them if they don't if they don't know something put it that way So we'll see what happens here in the next minute I'm not going to trade that I was waiting for a retest They just retested right there and there was some cell stops here that just drove it into there But I'm not gonna I wanted to put the straight on and you can see all this liquidity is pulling Because the numbers coming out so I can't put on the straight into the number I've been burned three times in the last two days trading into numbers as my trade room It's been it's been brutal, but anyway, see what happens here Here comes some more buy ice 40 seconds before the number. It's like, okay, so let's see I had to guess this thing's gonna rip off the page But if it doesn't that's information to and we could potentially trade this there's gonna be a new setup But either way you can use this as a thesis knowing like we looked at ES There this is all out of buy ice if they're wrong you can bet there's going to be a huge move lower At some point today other than that I would favor the upside. So let's see what happens here. Just since we're on here Quickly I think there was a We just got an easy and not yes, and I'm missing this trade here because I was Huh, what do you know? Well, what what what do you know? I can't believe it's moving higher It's almost like Mortimer and Randolph got the got the crop report from Beaks Quoting trading places by the way, I won't even insult your intelligence not knowing that is but wow What what a lucky guess by these guys by in 2000 before the number there, huh? Who know you guys see why this is so this is the information. This is so important I don't care what damn lines you have on your chart. It doesn't matter and lets you know what's going on with this This is the real-time buying. How is that tested? Did you pretty good? They're still buying it so there you go That's why you guys need to know this information if you're not using this great in your profitable trader Awesome, you can be 10 times more profitable if you understand what's going on with the real-time buying And right there you saw major Major manipulation there. It's not really manipulation, but you can't tell me that person or entity didn't know what the number was Sorry, don't believe it If you told me otherwise. All right, so let's maybe missing a trade here. This wasn't an easy zone to stop run for us I wonder that I wonder if that's the bias So guys this this is this is just perfect. It's like it's like I'm scripting this right So I don't know who this sell ice is coming in. You can't even really see it on the chart right now because this was so big This is all relative But I'd be willing to bet some of the sell ice coming in or some of the guys that bought or whoever bought here Is starting to peel out of the trade 100 ticks higher. So Nice trade guys lucky guess All right, the zone 4409 quarter to 4407 I know you guys want to So many you like staring at the crappy es all day, but it's just it's just good to see other markets And it's also shows you're doing yourself a disservice if you're staring at the crappy es all day You can't be taking advantage of the information like that right Nothing to say you couldn't have bought right there and said well somebody's just bought 3000 I'm gonna buy some too, right If you want to buy into numbers and stuff you have your own rules The point is you are informed by using the s i indicator if you do not have it You do not have all the information 136 right. This is an izzy zone. Um, I should be going short at this is the current atr. That's the zone 0175 and I could put on eight contracts. Let's see what's going on. I may miss this trade already Right there. Hold on. Hold on. Yes So I missed it. I'm not going to chase it. I put it back at 1 0175 So it pops back up to 0175. I mean I could chase at a point, but Something inherently will not allow me to do that Come on. You can trade there. It's okay This is what I go through It's my decision to wait, but All right, come on It's like the best price ever. I guess All right, I bit the bullet. I went down two ticks There's just something to hear in me. I won't chase markets, right? So I should have been at 175 I just got in a 125 because I don't want to miss this move down But the point is this was an aggressive entry. Why? Because this was an inflection zone and you could see what just happened here So these are the zones that I'm talking about that you have access to now my trade room or subscription Volume event in this important zone where this tail tail tail directional conviction held here again And then it turns out now it's the top of this balance area So that's why I do not wait for the retest of that volume event. I just got it automatically It's not the best area. I mean this thing has been rotating back and forth here as far as being aggressive, right? Again, it's just the top of this balance, but I took it aggressively So meaning when I say aggressively, I take it the first move out the first ATR plus 15% out of the zone Is where I get in some of my trading strategies, which will go over some of these I will wait for the ATR retest failure to get in this one. I don't wait in case I miss it So that is on Let's see what's going on here and I could if it this does retest and it won't surprise me We actually have a distinct trade that plays for the retest of these zones. So If you understand these markets and how they rotate and what's going on here with these algos and snapping them back to the volume events Like I'm short here. Of course. I wanted to do that. Am I surprised if it comes back to that? No, we have a trade for that So it's not going to surprise me and I don't sit there and crap my pants as it does this for the next hour Potentially right because it's just algos Snapping you back and forth What I care about is if they can where I say I'm wrong is if this does come back here And it can push through the volume of that Could push multiple you know an ATR plus back to the zone through the zone and then get out of the zone an ATR Then I say I'm wrong on to the next trade and that's how I trade them because otherwise You guys with your static stops are you're doing yourself once again into service You guys like I like putting on my my as trades and I like risking two points Well, if you just got short where I got short you just got stopped out And then if this thing sells out 20 points now, you're still in the rest of the day stops Stop putting your stops in random areas The market does not care You only want to risk two points when you put on trades the market cares about volume and volatility That's why I forced this to do that for me to be wrong If you want to keep doing that you're going to keep letting the algos take your money I Like to compare it to I mean do you have your wallet on your desk and then open your window and and let people come and grab your wallet So the why if you don't like doing that Then why do you like putting your stops in random areas and let the algos take your money because that's all they're doing How do you what do you think is going on here? This is called a zero sum game, right? So these firms these algos are trying to take your money. That's the whole point, right? So stop letting them take your money In random areas doesn't mean you're going to be right in every trade using anything Including the SI indicator and then the rules and everything else But you're at least going to keep yourself out of whipsaw city and that's what's happening right here So anyway, I'm short there So there's a bunch of stuff firing on my neck as you can see all my zones being drawn here I'll get over like I'll let this settle down and I'll be back. But that was that was again Really lucky guess by that by that big money there So let's see here and so there was I wanted to short this Remember I was waiting for the retest of this zone. So I should already be short this mark and hold on a second Just make We'll go over what I'm doing here and NASDAQ Adjust the ATR 23.69 So I need to be short of 2550 I can put on five So I may have missed this trade Also, it's right there. So if it trades I could chase this let's see This is easy as well All right, so I paid down at a quarter. So what I did there is Remember I was waiting for a retest of this area and it retested it basically perfectly Right. So we had that And then I should have been short of 2550 well a new event came in And what I actually should have done is just brought this down a little more But I probably would have been filled anyway So anyway a new event came in but I was still willing because it basically this event happened pretty much where this event happened So I still took that trade aggressively So now what I can do is I could actually out trade new setups off of this new event potentially Worst-case scenarios. I can now trail my stop. So remember my stop was going to be an ATR above this zone That's how I do it now with the new volume event I can bring that down that shorter just put on I could bring it down to an ATR above that volume event And then I can trade this event as well and potentially this So you can see on a training day This isn't really trending but if you keep getting events in your direction You can keep putting on new trades trailing your stop to the event And then trade a brand new trade based off that new event All right, so let's see what's going on here. It's just like stop city here today and How's that? Again, I you know I get all the time you guys get out here and say I'm talking too fast on and so forth You got to remember I'm trading live. I don't I can't talk and I can't talk in very basic terms, right? That's what my room's for and my course is for Get that stuff learn it and then when you start hearing me trade and on these live webinars You can follow along but other than that. Yeah, I understand it's coming at you quick Especially if you're new but I'm trading live. So anyway, this is uh 15 439 to 30 quarter is that stop run zone? Showing down here actually might start it down here. Sorry Let's see it's spiking here It was only 52, but that's what triggered it. So I actually I'll bring it down to here. That's 25 75 So I've taken my little handy dandy drawing tool How cool is this thing by the way? The absolute godsome yet. Yoan is the second coming Trading god in my room. All right, uh, 14 15 439 is the top of the zone So my stop right now based on what I just shorted should have been at 45 15 480 now watch what happens when I put this new zone and I'm going to be able to save some potential risk 15 439 All righty 25 75 Keep your ATR up to date to 3.12 So now my stop Is at 65 50 not a huge difference, but now I can I can trail it down 15 points to where I was From where I was I should say, right? So it was up here at 80 based on this zone So way up here now with this new event I can bring it down to 65 That's an ATR plus 15 above that zone. I will put that in All right, so I'm short both Yes, and then Q again These markets do not embarrass, but I'm getting you know, I'm getting if a market is truly bullish You should not be getting bearish value events and we have we had a bearish but I am at in both so but I was aggressive in both because of these easy zone So I took that one And then I took the one in yes, but this is not by any means a bearish situation I I understand what I just did is probably lower odds because of the breakout of this But many times when markets break out, especially equities So do the juke breakout come back to the top of the balance then they'll go or they'll come back to the volume node of the balance Then they'll go if it breaks the volume node, then you really want to load up on shorts But that's not occurring yet, but I still took the short because I this is an important zone Of mine Thank you bottom price 25 okay What I miss about a tick two ticks my uh It was not 25 if it was 25 the stops would have triggered right here Right So if that was the price of the stop run Yeah, someone could just throw in stops at a whim, but I doubt it. It would have already it would already triggered there so 25 quarter maybe but it's not 25 I'm 25 quarter. I already traded there too Sorry Thank you for pointing that out guys. All right. There you go Either way my stops still at the same 65 50 So this is the beauty of the trade room, right? Like I'm trying to get them to be better at this stuff So if everyone's pointing out stuff like that or setups and the different martin no one misses trades Like I missed on my webinar yesterday. I missed like three trades and we had there was 30 I think 20 30 guys on the webinar guys and girls on the webinar and not one person's pointing it out It's like that's what I want from the room. Everyone's collaborating. It's like a team It's like our own little trading firm Everyone makes money and no one misses trades. So that's the goal of the room. They're getting better, but they've got enough yesterday It's my own responsibility, but it's hard for me on these webinars obviously to Monitor all these markets in every setup, right? So I need help All right, so I'm short. Yes, I'm short nasdaq the other thing that I look for I can take further shorts off of this setup Depending on what algo guy looks like. So this is an exponential warming average ribbon Very powerful. We use this to help I use this to help judge My bark trade so blunt the bark trade and that's all this stuff here It's blind ATR retest failure. So that is this this one here So it used to be blind, but I've added I said for the month, but I've gone past that So I use algo guy as a filter So I used to take just to show my room that these volume events inherently are the edge By themselves blindly no matter where you're at if you just waited for ATR retest failure and took that That took that trade no matter which way it did it, right? That alone you can still do that and make money just by that that that's the edge But I started noticing looking at my trades that They work the ones that were losing a lot where I when I was fading algo guy So this is the shorter term exponential moving average. It's the longer term. So when the blue is below the red That is bearish when the blue is above the red that's bullish So I will only take barks and lick lick trades. We'll talk about the lick trades too Is if the blue is below the red, right? So So my point is if this comes back to that volume that ATR retest failure, I will take a bark For sell gc And a lick trade So I am short here. We're back at the blue lug, but I you know, I shorted basically into the blue lug here So that's a problem in itself What was the price I shorted that Yeah, so I forgot about this to tell you the truth So I tell my room all the time I still would have taken the trade for webinar purposes But I tell my room all the time you can come up with rules because anyone that's been using these lug width levels Know how powerful they are. You can say that's great. That's great that there was an event there But I'm not taking a short into the lug. I'm going to wait for new lugs to form And that's perfectly fine as long as you do it every time right don't one time do it another time you don't So this would not surprise me to see this bounce off here again I would really like it to break down in for new lugs, but I don't think the market really cares what I want All right, so this is the best scenario now right I can trail my stop Off to this new event coming in like I just did with Nasdaq So you can see here this was This was not threshold, but this is 500 and then more came in right here So I'm going to incorporate both these areas here. You can see it. It's on if this is one house here See on the on chart on the black line. I have mine colored black. You can change the colors wherever you want I don't know why the drawing tool didn't work better though The markets are very choppy right now All right, so that came in there came back spiked a little more This was not threshold, but that's where it started then it came back triggered some more here You can see it on the on the chart there And I go over the zone drawing every day in my room and it's in my trading course as well And then you can see this I can move this zone higher because this kept coming in See how this keeps coming in coming in coming in all the way up to there Oh, it did drop. Sorry. There it is. See I gave up on it and it drew it So let me get rid of this So I will take the top of this and bring it down to there And the bottom why is this not oh because I have this on crappy edit mode. That's why And the bottom is there All right, so this is the new zone So I can trail my stop to this and then I can trade off of this as well potentially But to the downside so I can add or you can put further trades and shorts on This turns bullish, then we'll talk about that too 440175 now into 4400 Third pound in gold a little there and the second I need to Catch my breath before I start looking at gold the clown show of all clown shows I don't know five So you can see this ATR is starting to spike. All right, it's not really doing anything It's just whipping back and forth, but it's definitely spiking All right, so now I was already short. So now I can trail my stop to this event So my stop before was that I forgot what it was even at. I didn't even put it in What did I do wrong here? I don't I didn't okay So I'm our say I shorter this new event my stop I go at 4048 The issue here is I don't stop out in the middle of prior volume events So this is the most recent here So I'm gonna move it. Oh wait would be right back down in the middle. I'm gonna move it right there Or you can even move it. Actually what I'll do here. Let's see So this was the sell I sewn from earlier So this is another subjective part of it, right? Like you have to decide I highly recommend you don't stop out in prior in the middle of prior volume events But there is a prior volume event here. So do I risk it right there? Do I say, okay? I want to risk another two points and get it out of this volume event too I'm gonna move it out of that mine event as well So I'm gonna move it to like 1175 So I'm costing myself three extra points But the point is I should have my original stop was up here anyway, right off of this amount So that was up here anyway. So I'm gonna move it down a little bit Technically it should be at eight, but I'm not stopping out there. So hopefully that makes sense So I'm gonna stop at 1175 That's working now I just judge to see what happens with this new event But there's a lot of stuff happening just Right in the middle of all this like and it's really not going anywhere And it doesn't it's not surprising look we're at right in the middle of this balance area The high volume note of the balance area This is where high volume nodes are where the most trade occurred in a balance area And we're sitting right there. So it doesn't surprise me There's events events events events right in the middle here Could be asking to be chopped to pieces but The trade is on and like I said if this moves lower You can see this liquidity down here too If this moves lower then I could put a trade off of I could put on potential barks and licks off of this event too So we'll see again this thing's struggling at the blue lugs So it's not going to seem it's not going to surprise me to snap off here again If this can just move a little and a little lower here and draw new lugs and we should get that move But once again This is still stuck in here in the tendency When markets getting market profile composites to get to the other side So I'm still expecting that this gets back out. That's information. I may get stopped out But that's information and again. I can trade potentially bigger on the long side. You'll see So this is another stop run. Oh, no, this is this is the one that I Drailed my stop too. So this stops working based off of this event Sure, I think this did get to this getting a tear below here I could put another short on as well What could go wrong here? Having shorts in two markets multiple shorts in two markets Sure, this is right. This is up to 25.15 And to validate that as a short it needed to touch 450 It got there. So this is a short setup. Let's make sure algo guy off of this new event I'm saying I'm already short the Izzy trade from earlier algo guy is bearish just pulled across So I can put that on Barks and licks if it comes back, let's see if there's a liquid in it down there Yes, there is so I'm going to put a bark and a lick short on in Nasdaq So I'm going to have bark lick and Izzy potentially That price those prices I'm going to get in at 96.75 and I could put on four All right, those are all working. Let's take a look at our internals to see what's going on here So the tick is staying below the zero line. That's bearish That's it right now. You can see it's just hovering below the zero line Both nasdaq and This is the nasdaq tick. This is just all the whether the stocks in the full nasdaq composite Are ticking up up ticker down ticking. So anyway, they can't get it. It can't get above zero This is the number of stocks that are upticking versus down sticking is staying below zero. So that's interesting This isn't so this is just again another piece of the puzzle. We talked about the scale, right? So if you're looking we talked about coming about thesis. Well, if you're looking for Reasons when your scale and you're like this thing won't switch colors for some reason Got your scale and then you say, okay We had you say we talked about these earlier and we had like one bearish thing and now you can say well Now I got the tick won't break Get above zero. So that's bearish, right? And then say you get a couple other things now the scale is weighing You can trade to the bearish side. You can trade bigger to the bearish side. This is how you this is trading guys. It's not like Black and white that you got to make decisions, right? And if you get enough things leaning in one direction One you can trade bigger or if you're just looking for one side of the market to trade that day You can do it that way too All right, now we wait But I can't tell you naziq is the number one market naziq and crude to go to the liquidity And you can see it all down there. Let's see if there's any above two. Sometimes they're both ways Black hole above Liquidity below does that mean it's going there right this second? No, but I'd be willing to bet around the gulf someone wants to bet This is my usual standing bet around the scotsdale gulf that we get I say we get to this liquidity This is this 100 points away before We get back and it stops me out of this trade. So i'm giving you 50 it's only going to go 50 points to the upside versus 100 points to the downside who wants to take that bet I'll take the better to take a break. Let's see. You guys are saying in the room Feel all scummy listening to this All right, shan. Good seeing you Don't let the door hit you in the ass Stag less than forest gas and needs you dollars I'm using the book map bubble to give a clue the weak one weakness there shows up The guys the bubbles are just buying and selling. Yeah, they're important in certain times But other than that you're just looking at market orders. That's all you're looking at. That's not They're all over the place. It's not something that you can trade off of per se In certain areas at certain times. Yeah, you can use them to judge But I've noticed this bubble changed their size of the market moves. That's just showing you the delta So you can change it how you set these up. So mine set for delta just showing the buying and selling right there I have mine set at delta buy versus sell So if it's the bigger red right now, that means there's more selling meaning hitting of bids than taking of offers That's all it's telling you but this is not tradable as far as Putting on trades as far as I'm concerned Certain area like I said if you come to a certain area say you're looking at a support area and it comes down You see nothing with blue bubbles. Absolutely. That's information. But in the middle right here, you're trying to trade off bubbles Good luck. It's not it's not gonna happen. But I've noticed this bubble change Those bubbles change size of volatility gets higher the bubbles have nothing to do with volatility per se All right, so yeah, you're you're on the wrong track. They're trading for a living You want to get the SI indicator learn how to trade this thing and then then you're on to something The bubbles are not you're you're going to get your head ripped off. Trust me Who is Algo guy? Algo guy is an exponential moving average. I post this every day too. You guys can watch this video It's actually a really good video. You can come up with multiple trading strategies of it So this is my trade room by the way to say hi These are all the people in my room posting charts and everything else Actually not a lot of charts posted today, which is upsetting anyway Let's see here I think it's in here Before I put it I think it's in here Here this right here So watch this video and you'll explain everything and give you a bunch of different strategies You can play we're only we're only using a couple right now. There's so many other ones you can Yes, I will put that in here I just named it Algo guy right because it's basically nothing but Algos And the way it trades and bounces off these ribbons and when the ribbon crosses or again watch the video There's so many different ways you can use it But I use it to help filter out certain trades All right, so we're just going to do nothing. I think I just heard So another thing too is you notice like stuff's reading me and read off and I'm not really I'm hearing it But I'm not hearing it. So you want to get up get your Alerts page going text alerts hit file alerts And then not only will you hear it give you text. So obviously there's some stuff going on in Russell So we'll go take their Russell usually leads which is I know weird because it's so thinly traded as far as the contract sizes But you'd be surprised you can come up with some major thesis based on when the Russell's doing And Russell's not doing really well today. So it's really interesting. What does this look like? Yeah, how's that look goodness gracious compared to the Nasdaq and So that's telling you something right again, like I said Russell usually leads even though it's not really leading anything right now It's been getting killed and mark these other markers are just sitting here We got the crude number coming out too today It was on a Thursday because Monday was a holiday even though crew wasn't closed on Monday I don't understand that but anyway it comes out in a minute I'm sure we'll hear some stuff firing off there too. So this is big size here in Russell right thresholds 150 When I say threshold that means the amount of size worthy of trading if I see 150 or more I'll trade those areas. This is feel for almost four times that you got this too So you got over 600 sell ice here. You can see it already drew for me with the handy dandy drawing tool Again, you get that for free right now in my trade room. We're doing a beta test on it Come on in and you can get it. Check it out. It's awesome. So you can see this this So I'm gonna try to buy here blue bubble blue bubble We're talking about bubbles. This is where you can pay attention to them just to help you try your zones It triggered this buy ice. I mean I sell ice, right? So it triggered there triggered there triggered there And then a flat line. So these prices are not part of that See, I was just staying at fourth. I mean it's coming in a little bit, but now we're talking four contracts So that I would use is basically one price And then we want to probably combine this other one obviously and see if that might have been at the same price too So just pick where this starts to See how this starts to rip down. You can see it on the on-chart there Coming in coming in Triggered more to the market moved away and came back and triggered more So this is not part of the sell ice. It's once it comes back to this price And you can see it planes day on on on chart as well Triggered again there. This may have gone a little higher No, this is all one price 758.6 600 600 sell ice That's how I would draw that So I have it like that, but it's really one price. I want to put in one price This is hard for me to see by the way of my carbine is 758.6 1758.6 ATR and here is 2.91 So actually I think this is a potential Izzy long into the zone. Let's see Yeah, we're right. See how this vibe is in this zone So I could take a long off of this if it moves higher I'd have dueling positions on obviously. I'm shorting an ES and NQ, but it is what it is. I you know, I don't know Market doesn't care what I want to happen. Right if this turns into a bullish setup I'm gonna take an Izzy long here I can go along at 1761.9 and I could put on so that's up here So all that is is basically an ATR out of that out of that zone ATR plus 15 percent It's quite a ways away until it gets there This may be a bearish setup and I can trade according to that or two because the elbow guy is definitely bearish here as well So if this moves lower, I can take barks and licks The downside You can see when the sink cross, that's when these algos jump Just jump on board and you can see that led to the help I'm not saying it was all these algos that led to that move But it they jump on when this thing crosses. We talked about this one of the disqualifiers For my reversion trade our reversion trade we're doing in the room So anyway, if this comes up to this price, I will go along the Izzy trade in russell other than that. I'm short nasdaq and ES But guys, you see how structured this is right? It's not these random areas random prices just putting on trades with the feeling I have distinct rules trading is all about trading Um, obviously probabilities, but it's trading like chart patterns and things like that, right? Well, I know the patterns of how these markets react to these volume events from watching 4.2 million of them, right? So I wait for certain things to happen before I jump in my trades and it's it's incredible Just come see for yourself And if you don't believe it get book map replay the day get data feeds You go also get three the half years of data feeds in my room They can go back and watch any day draw the zones yourself Mock trade them and then see what you come up with. I'm telling you Like I've been telling you out of my 24 years of trading This is the most powerful thing I have ever seen if you're just trading ever times Bar none not even close. This is the information, right? Like we saw in the old natural gas whatever happened on that by the way The lucky guests and someone bought 2000 and it ripped up on her text from there So this is kind of just bouncing around and they're buying more now down here. So sari's still never violated So great trade guys Really got lucky there All right. So in the meantime, I could trade this short here. So there's a chance I put on I have three different markets short and then we have to put we had to play in my room We play highway to hell or free falling. I literally will play that song on this webinar if that happened Let's see here. So now we go to this site. So what's the validation to make that last setup bearish? I need to trade I just talked about the last two just 57. So if this gets down to 57 This is a bearish setup I'm not going to have minimum put on because we know how I'll go guys in that direction. It's down to 57 80 or whoops retest failure. I'll put on bark and I can potentially put on a lick too. Let's see I don't see any major liquidity so I can put on the bark So we'll wait and see what happens there getting tortured in bold nasdaq and a yes doing nothing Getting elbowed so my stop sign up here above these volume events and I'm just waiting There is a way this can turn turn out to be a bullish setup But I'll go guys not bullish. So I would not take any bullish setups off that particular one if this pulls back across Get the blue above the red and the bark trades I can take to the upside but that is you have to be seen Instead we just get tortured. All right, so you guys have got to see Throw your questions in youtube, please How do you get in? Guys, it's all if you I'll post it again. This is all in this document anything you want My course This the spreadsheet the zones you get you get part of that's all free on my trade room But if you want it independently and you can't get in the trade room there Um, I should I should have the trade room. Yeah, it's right here. Click on that link there. I'll post it I posted it earlier. I'll post it again because there's so many people in here and then this is the course here This is what it looks like. It's all new and updated and And I could put in new stuff. So I'm going to be adding a setup here Surely it's called hot knife through butter, but you can see here So this is everything it shows you how to do that add the si indicator I had to do all this stuff the settings the product thresholds Adjusting thresholds on certain days the sub chart setting the on chart setting the sweeps indicator You know how to draw zones So it goes out in the basic ways to do it and then it gets back in that I'm going to be adding more of these too Before you just get bonus videos and you know that this is the great thing about this medium I can keep adding new stuff And I will as I continue in education right and here are the setups that I take You got six distinct setups. I'm adding another one. So these are all based on my personal experience trading millions of contracts and how I used to react so on and so forth These are these are the core of my training. So I use these setups At important areas the important areas are My trading strategies, right? So a stop run a dumb and dumber at a lug major lug a slug We call these in the names of these strategies slug lick It's when I take a bark at our retest failure trade towards the liquidity and Izzy We've seen the Izzy trace today when we move into an important area. So the whole point is You know, you may love my important areas. You may not love my important areas. It doesn't matter to me What what's important to you if you don't like trading Izzy trades and you have 200 day moving averages you love to trade off of or Bollinger bands or whatever the 85 things you have in your chart Fine, you use whatever you think is important But it doesn't they don't mean anything unless you're getting a volume event there In my opinion, it doesn't mean the areas can't react But you have a much higher probability of the trade working if you get a real-time volume event in that area And that's the whole point you apply the the you apply these You're important areas and I have distinct important areas and I have distinct areas that I get out of my trades And that's all in here and this is part of the trade room too This is directly out of trading in the zone mark Douglas get it. It's incredible change your trading life And then I pay myself as I put on position trades We haven't gotten into the reversion trades yet today But my position trades like the bark the lick the Izzy I pay myself as the market moves into these different areas, right? And I won't get out of all of them most times. I'll I'll get out of some You know major level levels. I'll get out of all most times but Mark a profile profile composite eyes and lows points of controls v web extreme standard deviations spot gamma levels Struggle get through heavy recent These are all areas that I will eyeball as the trades moving in my favor and I will piece out of some That's why You know those of you that are just trading one big e-mini s and p All or nothing you're doing yourself a disservice because you you're better off trading 10 micros Or you can get out of three at an important area and another three and then let three ride that thing If you're in what you're taking just one big e-mini s and p. It's all or nothing and you're done I don't agree with that at all. So Again, you can take my 24 years of experience and put it to work for you Or you can ignore me and go through the next 25 years yourself and figure it out the hard way That's why I do these webinars to show you guys Everything that I've experienced so you can fast track what you're doing So you don't have to go 25 years until you start making money So those you guys are asking in here and that is this just website and back and forth as you can see Is it possible to do a few private classes? Yeah, so once again Go to my website Right here mentoring So you can get one on one with me 349 hour if you book if you book um multiple sessions in advance So I do three three to four in advance. I knock 50 bucks off per hour So it's 299 if you do five or more. This is all in advance. You got to pay for in advance That's the little idea of the discount because I don't like people, you know Waffling and then they buy them and they don't show up so almost so far So if you buy them if you get multiple events that I give you discount So if you buy five or more I knock off a hundred per session and there's only 249. So That's what I charge And I I've been told many times to increase it But you know, I'm not trying to to gouge you guys I wanted to want you to teach but it is my I mean I want to teach you what I know But it is my time, right and it's I have a lot going on so That's what I charge why I charge what I do and trading in trading terms relatively. That's nothing It's a couple points on a one lot I mean, so You know and I get all these emails about the book map stuff and oh So you're saying I got to get book map and I got to get the rhythmic data feed and then I got to get the That's really expensive. Well, yeah, but you know trading It's like a couple points on a one lot that it pays for your trading for the month Like you can't go without this stuff in my opinion So there's some things that you trust me guys I was went from millionaire to zero when I when I got back in the game. I was trying to cut costs as much as I could That's why I use thinkorswim right now. It's about to get booted. I want to be using inter trader here shortly But cut costs where you can absolutely. There's no reason to be paying for a charging service When you can get something like a Like a thinkorswim for free you don't need to pause a little money you get the you get the charts and things like that But there's things you cannot cut corners on and the si indicator book map and the si indicator is one of them If you're not willing to pay the money, then you're not willing to have all the information That's all there is to it do whatever you want You want to stare at the lines all day and think that's the edge fine I'm telling you it's not but you can listen to me. You don't listen to me But i'm telling you there's things you just need to pony up for pay for to get the information and this is one of them Right And it's all relative if you want to trade it cracks me up that people Contact me saying they can't afford book map They can't afford the s and if you can't afford book map the s indicator You certainly can't afford to be trading right? Yeah, you can do the apex stuff and I highly recommend this Right, but at some point you're gonna have to point out apex That's not talk about this every week. This is the one that I back. I know they're coming out of the woodwork This is the one I've been using for almost two years now. They do everything. They say they're gonna do they pay you They're gonna use the pulsini 50 for any discount there I i'm doing the 150 accounts on all these strategies to get all these you know to so we can Follow them correctly. I used to trade completely live with my own personal money And I you can ask my room and you guys have seen on here How many damn mistakes I've made because I forget stuff because I'm on different markets showing you guys I got sick of throwing away thousands of dollars because I can't keep track of stuff So I'm eventually going to hire someone so as these go live So each one of these is designated an apex account Right as they go live I'm going to eventually hire someone like an india to do it and cheap labor to monitor the stuff So I stopped throwing away cash But that that and the other reason too is I want each one of those apex accounts to be a To keep track of the strategy percentage and so on and so forth It hasn't been effective yet because I make some mistakes and I put out on the wrong accounts But once everything goes live and hire someone that stuff will be humming But highly highly recommend if you're learning if you don't have a big bank roll If you have to be trading with your rent, it's not going to happen Please trust me on that if you have to make money trading you are not going to make money trading It's not going to happen Just like gambling if you have to win a game you will never win that game I shouldn't say never but anybody gambles knows what I'm talking about. It's the same with trading If you are trading and you have to make your mortgage if you put on It's all contingent on whether you put on a winning trade or not You say good night. It's not going to happen Right your your brain does not function properly when you have to trade that way When you are free flowing and having apex once again We're talking about having like my room is like its own trading firm with people collaborating Same with apex. It's like having your own personal funding trading Trading firm funding you. It's like a prop shop funding you right? I got you qualify and that they're all on here All the you know, I do the 150 but You can do whatever one you want here Right, so for this you got to make nine grand before you lose five And one thing I don't like about this is they then they all do this All these funding companies $150,000 when when I see $150,000 I think I can lose $150,000 no you can lose $5,000. So it's really a $5,000 trading account, but it's still that's still fine trade, you know And you can you can tie in together too So you can qualify for 10 of them and then you can have and you can link them together through I think it's through an agent trader You can have 10 of them so instead of 5,000 out and they all fire off the same trade now It's a $15,000 account that's real money, right? So anyway, if you're learning if you're working on something if you're new Don't trade your own money. Just do one of these you got to put you know You put the code on so right now it's 71% off of 297, right? So whatever 200 close to 200 bucks off whatever it is Do these it's a very small outlay of cash to get your feet wet and understand what you're doing That's my recommendation. Most of you guys won't listen to me and then figure out the hard way, but Once again, you do what you want. All I can do is give you my opinion on things I would think I have a little bit of experience that you would listen to me But if you want to learn the hard way learn the hard way Debra Corbel It's got to feel lost on days like this since it seems mostly elbow trades and never confident in trade Well, absolutely. I don't feel confident right now either. It's we've been talking about this. This is in the middle of Chopped though, right? I wouldn't feel confident either and when you're when you're sensing this So if you're following my system, you have not taken a loss yet, right? There has not been a loss in in these equities based on these volume events, right? But You know, I could get stopped out of this and you know, you could say You take two trades in this in this crap in this Whipsaw area and you're like i'm done. I'm not trading till this market breaks out of this area And then i'm going to trade there's nothing wrong with that right be selective be a sniper Sitting in the weeds waiting to blow someone's head off, right don't sit there and get chopped to death What do we talk about earlier? These algos are designed to take your money Well, they're doing a very good job of it today if you guys are flipping back and forth. It's there In this area. I have a distinct area that i'm stopping out of this trade, right? I got short that There was it. I can't remember now Yeah, it was that and I trail my stop to that or to this i'm sorry So if this rips through here stops me out Guys that's trading you're not going to win every trade. It's called probabilities on in the next trade But yes, if you're feeling confused, it's because this is whipsaw study today What's funny is I have not filled on that rustle long remember I was going to trade the easy long Russell is just Doing like it won't rally which is interesting So this could just be another juke move and then right back down. Who knows but you guys You can see right here. Look at this This is basically one house one or two houses screwing with your money You see this liquidity. This is not liquidity. I trade off of these are all these are orders in the order book It's just showing you in a different format What do you think is happening here? These are they are taking your money. That's why I forced the market to get out of the vibe event granted. There's still liquidity up here or this algo stuff But i'm not going to let them take my money in random areas. They know nothing is going on right here Let me turn this market pulse off. We haven't talked about that today either, but Right, they could see the stuff just like we see the stuff Right, they know when the big money's playing they know when nothing's going on when nothing's going on That's when they start their games Don't get algoed. So either don't trade at this time period and this is another time by the way This time period for my entire life for every product. I've traded every single product is a losing proposition Between 10 and 12 p.m. Central This is when back in the day. I was going head to head I don't know. I might be able to still pull up the video. I showed some last week It's got some swear words and stuff in it, but There was one one huge trader. So I was a huge trader this guy dwarfed me He could trade like I could put on 3,000 even the s and p contracts He could put on 6,000 and I knew exactly I'm gonna put on because I was watching trade against me all day long Right, um, but the point is we're right at this time of day Is we're right around when new york the big money in new york starts to go into lunch And then they know it's a free-for-all They then they can start playing games and they can they know by looking at this and they know this time period So even going back to 2003 It was the same thing. I used to have to I said this last week I think I used to physically have to remove myself from the office I have to I would leave for two hours So I wouldn't be forced to trade in this kind of environment So not only do you have as far as structure or smack down another balance area now you're at this time of day This is just no go for more, you know, that's nothing wrong with being like, okay, I'm not I'm out. I'm not trading in this Not wrong with it So if you guys didn't see my video, let me know. I'll try to show it today. I don't know if I still have that Subscription may have ended I downloaded it to my computer, but I got I was the next Pro trader webinar I was going to show more as like a collage type of thing Because it's not filtered and there's a lot of swear words the one video I lost like 25 grand in three seconds and It was not pretty but that happened quite often Let's see a screenshot Retail is accessed. It's not even argument yet. Thank you on the move Yeah on the move against me grandma's on that platform was the scott This is the scott losing money Just keep adding to my short position on the cues and spy. Hope it keeps going up and we'll keep adding What david? Why are you at? Why are you adding to your trade? Do you have a reason or are you just because you have a feeling? And who is the dude that said, um, it's scummy. I'm gonna make sure that guy never comes into my webinar again. What was his name? Well, what what's scummy like I'm explaining you guys what's going on Sean maestro, so please point out that that clown comes back into the room by the way At any point Ridiculous. Well, what's scummy? I'm showing you guys what's going on in the market. How was that scummy that makes no sense? I know I can't fight everyone out there guys. I have a I do have a problem with that. You saw me that one Last week or a week before the same stuff. I have a weakness to that but like what what is scummy? What am I saying that's scummy? uh, what else Maybe the idea of trading that maybe that could be it All right, so I still have these trades on I've not stopped out of either one of them Nasdaq's at 6550 It's not looking great And you guys should have made the golf bet because of the such as 6550 before it gets to this liquidity So that's the thing guys with this liquidity, right? Like is a very very good chance. It looks like it lightened up any Yeah, see how it lightened up. Let's see Now it's about the same I still think this market will hit this liquidity Probably today maybe it might be tomorrow So it doesn't mean that market's going straight to the liquidity again. You're just coming up with theses Ideas like hey, there's a huge liquidity down here. There's nothing above. Okay. I'm gonna I'll trade bigger if I get a short set up. It doesn't mean you just throw on a short thinking it's going to go straight to this liquidity Do what I mean But my bet was they went to that liquidity before 6550 and that's not looking real promising but And I have no idea what's going to happen. That's why I use nobody does Anybody that tells you they know what's going to happen is full of you know, what right? I let the volume events tell me so I'm not going to trail my stop to this volume event because it's it would be higher I don't move. I rarely move my stops worse Right, so I could say well, here's no event. I'm going to move that stop away a little further It's in I try to trail it off of this event here It's in if I get stopped out I get stopped out and it's real close So this is trading man. You put on your trades, you know, yeah This is the great thing about my room and I love showing this From my room. So this is the moderator of my room, but he said something that couldn't have been more true As far as I'm concerned not too long ago So somebody was question about Studying your losers, right? So I learned From that smb trading when I was I got back in the business in 2017 I was going to trade stocks. So anyway, they talk about not letting their traders study the losers They just want to study in their winners So I stopped out of both yes and thank you. So anyway, so this gets to this right so About studying your losers versus your winners and You're better off just starting your winners And he's someone saying well, I think you should tell your losers too And he said I would normally agree with trades that haven't been vetted or still testing This is the key the strategies in this room are tried and tested So the losses are just part of the random distribution, right? So I just took a couple losses there That's part of the random distribution. I know if I put on a hundred of those trades I have did I just fell to this and stop out to the tick too, of course I did I know this is an edge because I've been trading these for so long and you can ask anyone in the room That's profitable right now. This is the edge. This is the ultimate edge It doesn't mean every trades and winners So you've just you that's why you have your parameters in this spreadsheet You put your you put your trade on you stop out Right. So I stopped out right Actually, this is what I was going to say 68. Did I not I didn't put that in right? Did I I supposed to stop out at 68 Hopefully a traded signal. Of course it didn't so I shouldn't have stopped out of that Nasik trade. I made a mistake there That's not good That's going to be very upsetting this turns around and goes south on me Anyway, so that was once again, like I was telling you about trading live accounts stuff like that That was a mistake. I my stop should have been at 60 I don't know why I had it 66 quarter Anyway, the point is most traders struggle with fighting They think they have an edge and they think they see something that works They go back they back test it for a month two months and like yeah, this is this is incredible It's the best thing I've ever seen and then it starts stops working And then they jump to the next edge and the next one the next one Then they blow out and they're back to their regular day job, right the point is There my room has been around for almost three years. I've been doing this for almost seven years I know this is the best edge that's available Just that's my opinion, but I've watched a lot of market action. That's that's what I think right So you don't have to question the edge is the point like that is half the battle Knowing is this an edge? Is this not an edge? I don't know. Do I have to back test it for four years? This is an edge So you have that in place then you just need to learn the right way to to trade them and then trade them You know and not do stupid crap mentally other than that you're halfway there with the edge And I just stopped this was a mistake Stopped out of that one. I should still be short that but I did stop out of es I remember I moved my stop above this volume that and that's just the probabilities guys This is a chat fest right now. I stopped out. This one's pretty much to the tick as well Big deal stop out control your risk You shouldn't be losing more than two percent on a trade if you're trading real money accounts You know i'm more aggressive with the eighth. There's accounts We have to trade real money shouldn't be risking more than two percent And you should not be risking more than six percent of your account size in the day If you hit six percent you turn it off tomorrow is another day If you don't want to listen to that then you are in deep deep deep trouble overall because you're going to have a day Where you're going they call going on tilt and you're going to lose your mind And you're not and you're going to wake up the next morning and you're like, oh my god How did I lose 80% of my account yesterday? I did I've done it multiple times You guys all know the story. I've told that eight hundred thousand dollar losing days two days in a row back to back I mean not in a row, but a month apart where I have both times I woke up and obviously I didn't learn the first time To woke up the next morning. I'm like, what was I thinking like what why would I do that? Like what why? There's no reason. There's another day. There's another trade, right? So control your risk You have a day like today where it's just complete shotville If you hit your six percent, it's not the end of the world You can make 12 percent tomorrow and you catch a trending day and you start adding like we've knocked them out but Until you can internalize that and I literally make a joke to my room that you should what's not a joke is You should be reading this every single day Every day you should be reading this document, right? You're trading like a casino. Do it does a casino when every hand they put on? No, do they shut down the casino when they have losing hands? No So you don't quit if you have an edge You just you know, you have an edge that generally genuinely puts the odds of success in your favor That's the edge And you can think about trading in the appropriate manner the five fundamental truths And you can do everything over a series of trades That's why I don't give up after I have a loser or two losers or three I know over a series of trade like a casino I can own the game and be a consistent winner And these are the truths until you can internalize this and really believe it You're never going to make it you're going to continue to do stupid crap Anything can happen That's why you put stops in because I don't care how good the trade looks you could get stopped out Especially with the news stories constantly hitting the market You don't need to know what's going to happen next in order to make money You just keep putting on the trade you don't know what's going to happen next nobody does You find the volume of that you have your rules you put the trade up There's a random distribution between wins and losses I just had a distribution of a loss big deal on to the next trade And I shouldn't have taken the loss in an queue like I said that was a mistake Right, that's the other part of it. You got to eliminate your mistakes And this by the way the market's 40 points lower from where I stepped up 30 points there And that's just nothing more than an indication of a higher probability of one thing happening Higher probability not guaranteed. It's not this has to be a winner, right? Every moment the market is unique. So until you can internalize this document you Are going to be struggling very likely. All right Run out of gas we're almost at the time. I'm upset that I screwed up this Nasdaq trade I should not be stopped out of this one I never I seldom filled in this wrestle is he long either so And like I said, this we're at a terrible time of day. You may just say I'm not gonna Actually what I can do I could probably reshort this I didn't even see this Hold on a second before we leave here. This was back in the disease zone again Guys, you see how this market's like struggling to break because you got to remember There are days full of traders longer-term traders here that any time this market comes back They're like give me the hell out Give me the hell out, right? So it doesn't mean it can't eventually do that But right now it's obviously struggling. I'm actually not I'm mad. I'm not and we got this time of day I'm not gonna put this straight on but if you want to if I wanted to reshort this I would do the same thing here Plug this zone in This is the spy stop run I pulled to let's see if I pulled back before I even Yeah pulled and now it looks like it's gonna pull back So this just chat we especially when you see this thing going back and forth like this That's telling you it's chopped us to anyway, this event was Let's stop on here. It couldn't have been these prices because You see the sweep started here, but it couldn't have been these prices that have been there sweeps get the first way to the order book so I'd say 15458 50. That's the bottom. That's the top 15467 I know this market's gonna break now because I got every time I make a mistake It's just like magnified and I get it shoved down my throat and it's my own fault It doesn't feel good There you go. All right. So now if I wanted to short this is he I'd be long or short at duff Because this would be an aggressive short as well If you wanted to do is he is he short? So I already I would have been at 30 and I already missed that entry too. So this is just telling me it's time to Have to take a break right like I'm getting stopped out because of mistakes and shouldn't have been stopped out I missed the entry so on and so forth So that sucks, but that's trading It's just not a just a choppy ugly market right now Just make sure I did so All right, but if you wanted to trade this you can either wait for a retest failure Or if this does pop back if you wanted to say I'm going to take this one aggressively Then you know, I could have bit in multiple times here It's probably going to do this now because that's how it works for me It's starting to see how I'm starting to do the self-talk Nowadays I can catch it and I start talking to myself and I start being negative That's when I go down the rabbit hole mentally But you can do the same thing here With this event put that event in I can I can reshort these if I want to again. I'm starting to I know myself and I'm getting that feeling so I'm just going to pass on these but I'm going to get off this webinar Anyway, I'm going to take a break, but you could short this one the same way. This is back This touch that is he's owning yet? Right there, right? So This is just chopping around guys the best idea to me Like that was that stopper in there again. It's to wait till we break out of this Or trade the edges. I mean, this is the edge But other than that, I would wait because the move out of here is most likely going to be the big one Especially with this 26,000 bias that came in at the close yesterday So I would wait for a move out or move out Other than that, it may do this all day and you don't want to be blowing out accounts and chop fest All right, any other questions I'm going to run? I've done the same appreciate your honesty You're welcome All right guys, um, you know this it's good. It's good to see both sides of the coin, right? You've seen me have many many winning days winning trades on these webinars and then the day like today It's like you saw me make a mistake, which I've been making a ton and the other thing too yesterday I made three different trades ended up Two or one of them I had two shorts on into the FOMC minutes, which was just just not a smart It's just I know better than that stopped out of two EF shorts And I took two trades yesterday bonds and nasdaq into the fed fed clowns talking Took took losses on those so once again, you need you can incorporate It's more of a do as I say not as I do because if I I need to be doing that myself But just don't trade there's plenty of trades if the guys are talking there's numbers coming out Just sit back let the stuff materialize then trade, right? All right, so this is this is going to be painful. I guarantee this market drops to this liquidity now Yeah, see you see you down there I missed that trade too, but you could put on trades again It's time of day sucks, but you couldn't as this market moves already if you missed this one There's another one right around the corner All right. I do this every day in my trade room Not just put out losers every day in my trade room But I do this every day in my trade room. You guys have the course to send the spreadsheet all that's I mean that shit I posted so I will see you guys next week. Thank you