 Good morning traders and welcome to the book map live trading webinar with Scott Pulsini. All right so it's Thursday so Scott's on he's gonna go over futures live here in book map and look at the the futures markets and take live positions. All right so a little bit of description about you know this room and what we do for those of you who are new in here this is the advanced education it typically has been with the global plus subscribers only we've you know over the holidays opened up our Discord chat room and we've been offering it for free trying things out testing things out and we've continued so far just it's going well I kind of like the engagement here so we've continued with it and let me just talk a little bit about the education that you get with book map so when you subscribe to book map you get access to the educational course it's online if you haven't watched it go and watch it please I highly suggest it because we go through the same concepts in in here all the time instead of trying to answer your questions or be confused about what we're covering get the answer from the course watch the course it provides the foundation then we have the daily advanced webinars that are in here three days a week Monday Tuesday and Friday and we go over that course content but in the live market so you can apply directly what you've learned from the course in the live market and it's a very good way of learning order flow and and trading so we always got the suggestion though like well why don't you you know talk more about trading strategies and trade management well we do however we decided to contact a few different traders we have J trader a stocks trader Scott Polsini a futures trader they will take live positions they will go through their very specific ways of trading a book map is not a trading strategy it is a platform each individual trader has their own way of trading so we're offering everything here in the education when you subscribe to book map and pretty nice offering I you know challenge you go out there and and take a look around and see if anyone else is offering anything like this and I have not seen it especially for free if they do offer education it's likely gonna cost you hundreds maybe even thousands of dollars and they're not going to spend time with you like this it will not be it'll be you know documents that are static and it's like yeah here's your trading strategies with a you know a slew of PDFs or something right so I think it's pretty unique I think it's pretty robust in here from what I've seen out there on the web all right so let's talk about Scott and you know he'll be taking these live positions you guys know who he is if you don't ask because he's got a great back story here and you know now trading futures back again after trading like what was it 10% of the S&P many you know about 20 years ago so anyway he's got just huge depth and experience in trading here we're very pleased to have him here he does offer mentoring services so if you're interested in that I have the contact information here I will be placing this into the book map chat in this advanced webinar chat and go in in discord right so you have his email his Twitter his website his trading room he does have a trading room he offers educational courses on the book map marketplace that provides the foundation for what he's going to cover today he also has a trade copier service you'll have to ask him for that and you've got his email here all right so we got to go through the disclosures and then let me turn it over to Scott this is important though so please listen the disclosures what you're getting involved into here this is not a trade copier service room it is to learn from the trader their specific ways of looking at the market and watching it play out all right so this is only for educational purposes so all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment nor 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 it's not suitable for all investors and 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 all right with that said take it away Scott and I think you're in here right yes I see in there you hear me yes so I'm going to take my screen off and then I'm going to share your screen as well so the reason being here let me just get this in Scott when you share your screen the I'm gonna rebroadcast it so that hold on a minute here let me get access to it yikes hold on guys I'm still kind of all thumbs here shoot why isn't it showing up here hold on oh I got it I got it okay and Puy Seisberg cell and Q 153 contracts hold on sorry guys sorry I've got this almost got this down don't worry the markets away okay okay okay all right so now now you've got you should see two broadcasts now so what this means is if you don't see if you can't access Scott's streaming screen there you can access mine it should be exactly the same here all right so that way you know there's a limit on how many you know discord offers here but now we've doubled that since I'm rebroadcasting it all right thanks Scott thanks for the patience how are you feeling much much better actually been went worked out this morning so that's got my win back it's huge excellent all right so I'm currently short and Azdec and I may add to this depending on this new setup right here we'll go over all this here in a second I just want to get this stop in like so I'm gonna trail the stop based on this new setup on this short ATR is currently 25 points so I'm gonna stop out three quarters of a of an ATR above this zone which puts me in 1875 or from 19 points above here so I will stop out if it goes let's see we're at 50 27 and a half so I will get out at 27 and a half for a small small winner or I will add to this trade and we'll go over what I'm doing here add to this trade aggressively move over why so there's two ways to play these zones we talk about it all the time you know you play actually I stopped talking and put the trade on first so what I say 19 points was an ATR so one basically that's right just adding to this trade here possibly this comes back down here I will add another position based on the setup so I'm gonna go over all this I just want to get this situated because NASDAQ's obviously a little volatile so I'll make sure I'm trading this correctly actually know what I'm gonna do I'm gonna I'll just put on one there just we'll go over why but this is my first target and we'll go over why but this is close to I'm I use these Ludwig levels they are extremely powerful I've just started recently using them in a whole another context again we'll go over that too but anyway my first target here is the yellow lug this is what she calls a directional lug so I want to see this should make it down to this this is my first target but that's why I'm not adding a ton I'm not adding full size here just because this is this could easily bounce off here so the risk reward to add to this trade on this new setup isn't worth it in my opinion so I just put on one more but I'm gonna watch very intently as we come down to the shallow log at 66.75 we're almost there right now you could see I already have my order in there it's a little bit above there so we'll see if I can fill on that three I know so I gotta cover this the other market I'm sure is the yes just purely based on the setup there was as you can see here sell ice it's the zone here never got an ATR above here I entered this aggressively again there's two ways to enter these trades there's two ways I enter these trades one it's aggressively a half ATR three I go three quarters of an ATR out of the zone you can go half to but many times you get ticked to the exact tick these Algos like just know that half ATR and then they'll run up back in your face so I go three quarters and ATR so ATR at the time was four so I three points below the zone I just shorted it and I'm going to show you why I was aggressive with this the other way to play this is wait for a full ATR wait for retest wait for failure problem with this is this isn't PI Seisberg by yes 911 contracts I'm getting out of these right here PI Seisberg by yes 701 contracts this is the yellow lug hold on one second S&P stops top sell ES 829 contracts a lot going on here I just got filled on that I'm one of these I'm gonna take off one more actually so I still have one on overall the lug stuff here and why what my decision was to be aggressive and everything else here and then I got a little video that I'm gonna share with you guys you can watch very very informative and I had a one-on-one with them a love with last May and I was not using these properly for the last about eight months I was just using them as basic support and resistance as you see now my prior webinars but there's a whole nother world when you can kind of judge what happened what didn't happen and that it was what correlates to me being aggressive or not out of my zones I mean the main driver of my trading is obviously this but when you can gauge on what's happening with the lugs and come up with a thesis it's deadly so we'll go over all that I'm just trying to get situated here so I'm getting I got out of half my position in ES here because this is the yellow log for ES we can easily bounce off here as you see so I'll cover half of these there's actually a new setup so I'll get out of the whole thing if this setup turns bullish and I'll probably turn around and go long let's see here you can see this is what we call a double whammy I believe this is threshold 1200 by ice with 800 sell stops so this is a double whammy so this in essence is automatically a bullish setup right you have the dumb money puke the stop runs the retail trader puke into the waiting hands of the smart money so that's this so I will cover this entire trade here if this gets a three quarters of an ATR above here and then I'll probably turn around flip it and so let's see here let's get this zone drawn and I use dark blue usually for the for the double whammy's again I have this in house six we've added one six distinct setups that's what I trade off of off the SI indicator there's a course in my website and you can get it it's well worth the cost I don't think it's gonna cost a lot at all compared to the lead to these other educators are charging five ten thousand dollars for nonsense but anyway it gives you a foundation of understanding how to trade these these zones so what I'm gonna do here if this breaks I'm going to short this thing and I'm gonna short aggressively because we'll be below the yellow log and she calls the directional line we'll go over a little bit and once this settles down a little bit we'll go over the theories behind the lugs but if this pops up here three quarters of an ATR then I'm gonna just cover this trade and I'm gonna wait for a retest for that someone will go over that too so 4.22 is the ATR so three quarters of that we'll just say three points so I will be out of this trade at this trades 23 23 25 I am out of this trade and that's actually right above the spot gamma level which I'm fine with so that'll basically be a scratch cuz I got in a 24 so it'll be a small profit this breaks just one of two ways you can trade this aggressively three quarters of an ATR or half ATR away for the full ATR retest I'll wait for the retest just because we're many many times these markets dance around the yellow lug so it's really aggressive to get short there but see now we're down here I can totally see this obviously coming back if it does that then I will short it if not I still have something on and I'm not gonna be complaining the whole webinar that I don't have anything on so that's the whole point I got it half at the yellow lug we have a new setup here this goes for four and a quarter points below here retest fail I will add to this trade that has a brand new trade and the stop will go in the same exact spot that my stops currently so the bottom of the zone is 47 17 three quarters so we need four four and a quarter points below here that's the five minute ATR actually four and a half now so we need to go to 1375 13 quarter would be a full ATR so I need to see that 13 quarter then I need to see a retest then I need to say failure and I will add a brand new trade on short full size has nothing to do with this trade here this trades already on so my ultimate goal if this can't hold this yellow lug and can't pop back above it these are the two areas I you know obviously this isn't much of a profit but you got to watch this is one of the one I call baby lug but the main target is she calls these the majors so this is big blue and big red these are the main drivers of the lugs as far as targets you can see right here this is exactly where we touched I got a volume signal and we'll go over this a little more in depth and that's where I shorted and now I got it a sum here it actually blew right through there I'm gonna get out of one here because I'm expecting this to bounce off the baby lug and come back and retest the zone again if it doesn't then it doesn't sometimes 80% of the time it will retest it if this just keeps going I got a whopping one line but it's still a decent profit and actually let's not want to ignore my nasdaq trade show would have full size on that second setup alright so the blue lug here in nasdaq is right so now that we have got through the directional yellow I am taking shorts and I'll take them aggressively I'll add to this trade and this is my ultimate goal and I know you guys are like what that's like you know that's what's the price 15 747 that's another hundred points down trust me we've caught multiple of these in my room my trader in the last few days where it just is such a mental where you're not like panicking like oh my god why should I get out of here I don't want to give this back blah blah blah you once you learn these how these little with levels should perform and then you use it with your volume setups you sit in the trade until unless I get something bullish come in on the SI indicator to get me out of this trade I will sit in this trade and you will be amazed the same will probably go right to this look and I'll turn around and possibly flip it so again let's if I get something bullish I will get out of this if not I'm holding it and possibly adding so let's go back to the beginning now this is slow down let's see what's happening here if we got an ATR okay so here's the routine right this is 80% of the time ATR wait for a retest wait for a fail I will add a brand new position on here to my whopping one lot so when you're looking for a retest I you know you want to see a retest of the zone the bottom of the zone but you know if you get with one or two ticks you can still consider that a retest don't meaning don't pass on the trade if it only gets to within two ticks and starts to run away from you right so this is second that did not get within two ticks so we'll see if this retest but you can see where we bounce and this is exactly why I got out of another one down there we bounced off the baby lug right there I'm telling you guys these things are absolutely incredible when you can understand what it should do what it shouldn't do and then use them for targets and then you layer in the most important factor which is the real-time volume the bookmap SI indicator volume I mean it is just it's deadly so now we bounced off here and I'm looking for that retest of that zone it might even actually get up to this yellow lug which is still gonna be part of that zone and I'm looking for that and I'm looking for this so this is what I mean about understanding the logs of what should happen what shouldn't happen right so right now because we just blew right through this yellow lugs again the yellow is the directional right so in general terms above the yellow you want to be looking for long below the yellow you want to be looking for shorts so what should happen here while this blew through here there should probably dance around and it should get now to this lug if something bullish comes in on the real-time volume that's telling me something's wrong right and now that's gonna form my next thesis for my next trade so if I see something if I hear big buy eyes come in here and this thing rips back above the yellow then I'm gonna turn around the long because there should be no bullish setups as far as what is happening with these lugs this shouldn't make it right down here there's a bullish setup that tells me okay something's wrong get ready to go the other way right so that's that is what I've been missing in these lugs for the we call them loves because I don't want to say love with levels 45 times in a webinar so we calm lugs right so way what you've seen these in every webinar I've done but the way we've used these and it's still very powerful is playing the reds and the blues especially when you get extreme standard deviation of VWAP right like this one down here was yours VWAP pop below there June loves but it held and then went I was using the most basic sense and then I went back and I watched I had a one-on-one Pamela Lubwig where she started to explain like how she trades these and again she doesn't she didn't have the book map by now she's in my room and she's she's incorporating the volume I'm assuming she watches all the webinars so I'm hoping she does but she was just trading these based on again what should happen what shouldn't happen things like this so if you like for instance like we came up here and we built new lugs right we broke through the bread and built new lugs well that's bullish as long as it holds the directional so the way you can look at this is so say if you're trading this I think this was overnight but it was overnight so say you're trading this and you see new lugs built and you get your SI indicator set up right here that's bullish that's go time and here's your target boom that's a you know that's a 16 point trade right there but what I did and we'll go over this we came up here there was that ice I already showed you that we tagged the red lug we got back below that ice I was aggressive because I know how powerful these are for sport resistance until they break and this one didn't and we broke below the real-time setup and that's why I got short right so what I'm gonna do here is I have this webinar you guys can go in and watch this webinar it is absolutely it's not technical at all I'm not a technical trader I keep it as simple dumb simple stupid as possible right that's my whole again when I made million sorry hold on one second when I made the millions of dollars all I did was trade off of this it doesn't get much simpler so here's your retest of the zone by the way so now I'm gonna go three three points below here and I will add to this trade brand new brand new position so we're gonna go 1375 I'm sorry at 1475 that's three points that's about it three quarters from ATR and then I will add to that trade and I'm looking for 02 or 03 wherever that blue was so anyway when I went back and watched the video on Sunday I was like what have I been doing for the last eight months like yes these are incredibly powerful just plain support resistance but what we what we talk about on the webinar is what should happen what shouldn't happen if you don't see something happen then it's it's a trade the other way so on and so forth so you can imagine like when you watch a video you're gonna see like how powerful it is and then when you can add in your book map setups when you so for instance like this should have busted through it didn't you get a book map setup it is just absolutely most powerful thing I've ever seen so what I'm gonna do here is I will post this in the this is the right room you guys should have access to that watch it learn it and then if you go to her website she offers a three-day trial for the lugs Ludwig levels just put in there you remember the webinar and I think she's offering something I got filled on this new position by the way so my I'm gonna crease my stops that's all over the place here what's going on anyway go to her website put in you know there's a three three-day trial there's a little note box below there say you remember the webinar and she's offering something if you remember my room there's a lot more perks the level levels but if you know if you're not gonna be part of my room you can still get them and get some kind of deal so once you watch the webinar you're gonna see what I'm talking about it's pretty damn incredible all right so now we are short this and hoping we can get through this baby lug and this is my target 0 350 again if something bullish comes in I'm changing my tune with bullish meaning this is the advantage right people that trade lugs they're just sitting here hoping it busts through hearing it's down here well if I with my knowledge and the information the incredible information you have a DSI indicator if you see by eyes coming right here like okay that's not right there should not be anybody I'm changing my tune especially if it gets back above the yellow number probably coming back here right so that's how you what I mean by what should happen as of right now this is still make it down here we haven't heard anything fine was sitting in the trade and this is what helps you sit in the trade you're like okay I'm not hearing anything you know we're below the yellow we blew right through it I'm expecting this they can I'll go me for two hours I don't care I'm expecting this unless we get a real time volume set up which is the most important thing then you get out of the trade and possibly flip so we're in that yeah that's just to interrupt you for a moment you know just the bigger picture here this is the way that you're trading and very simply I mean it's just we talk about it in the in the daily advanced webinars all the time look at your higher timeframe levels and then look at the real-time volume and the order flow context to give you insight to the potential you know high probability move right exactly you know I use Ludwig levels I use the most minimal stuff that you can possibly use right I don't have 45 lines on my chart as you guys have always heard I use basic stuff I use VWAP extreme standard deviation of VWAP they call the daily value area I look at that pay attention to that Ludwig levels which are the second most powerful thing I've seen next to book map and basically market profile I'll keep an eye on you know the composites meaning when areas are overlapping days overlapped and I'll draw these zones that you see here so this this paints a picture too right so what happened in the morning here well this is a prior give you guys different examples you know of things you can incorporate in your trading so this was back from back 1220 no sorry a little bit before there so this was multiple days that basically merged it again if days overlap kind of like this one so say this one forms and in this value area which is 70% of the trade overlaps the prior then I'll merge them and I draw a composite right so point is what story did this tell you today well we tried to bust out of here did not we got a volume signal in the SI back inside here so even if I'm not using your Ludwig levels you could have said okay what should what should have happened this should have launched out of here and gone I should not have seen any bearish signals instead and queue stops top by and huge 153 contrast now this is gonna allow me to either add to this trade or get up because it's again this is the main drive this is the most important thing real-time I'm seeing and see here 155 that's adequate he's 150 now as my threshold if you guys bought my course I had like 120 I changed it to 150 120 is too low and then you all start to judge too again if you see 200 fire off 12 times in a day you need to up your threshold for the day that's just trading right I mean that the thresholds are good 90% of the time but there's some days just like some days are more of all of the others are some days these thresholds you need to use a common sense and say you know what I'm not going to trade 150 today I've seen 214 times I'm up in my threshold for the day right you got to use some judgment all right so there's our zone ATR is 26 points so I'm gonna get out of this at three quarters of an ATR so that's 13 and a half of 13 so about 20 points so I'm going to stop out of this at 93 75 this boss back up here and then I will I will reassess I'm not gonna go long aggressively on this on this trade if I get stopped out based on the setup I will go long if it does this right so again aggressively is three quarters of an ATR get in conservative is way for a full ATR which is again 26 points wait for your retest wait for your fail and then get in that's what I'll do if I get stopped out I'll wait for a full ATR retest and then I will flip and go long why because of the story this is telling me right now remember the yellow lugs are the directional the directional lugs right so meaning you want to be you want to be leaning long above and you want to be leaning short below so if this pops back above here that again these markets tended a lot of times dance around the yellow to where it's kind of website so that's why I'll be conservative with this entry so say it comes up and I stops me out there's that there's that stop run I'll wait for retest failure just because of where we're at if we were at major lugs I would get aggressively regardless so if we do come down here which I think we're going to unless something like right now and this is already ripping down actually I can add to this too hold on a second this is poor caddy on my part I should have been ready to add to this right so I missed the ad here this was 63 3 quarters of an ATR what did I say was basically 20 points I should have been at 43 and I missed it that's not cool there you go it's already 20 points in their favor already so I should have another two on based on again I want to be aggressive below the yellow lugs right because it's showing the barrage I was gonna get in here at 43 aggressively and I'm chirping because I'm on the webinar and I missed the stat but it's fine because I'm short the ES as well with that so I'd be nice for advise ES 201 contracts right so yeah it's magic again if I get a chance we'll check out what so I mean this is done but why can't I find my damn ES chart there we go all right so now what am I expecting I mean this is guys this is exactly what happens all day every day and all these markets this is absolutely perfect it pop above here I shocked I didn't get stepped out to the tick but so where we are here I may take off one just because we're still dancing at this at this baby lug I'll give it a chance this pops up a little more I'll get out of a tool because it's just having a hard time getting through the baby lug you don't want to see that I mean I'm not getting a volume signal yet so if this comes back up here I'll get out of two of these but I am fully expecting unless something bullish comes in I'm expecting this target 3F so be very nice if this can get below here if I get another signal I'll add if I get another signal I'll add right any questions Bruce I know I'm kind of all over the place but stuff's whipping around here so yeah no it's great I mean like a great price action here for sure yeah rabbit's asking about the baby lug lug wig levels if maybe you want to describe that again I think it's quite cute thanks I try to use some comedy in my trading these are the major lugs they call she calls them big red big blue these are what I call baby loves and usually there's one up here too sometimes they overlap so like this was a very powerful lug because you had a baby lug over on top of the red lug here so it was like one of these it's usually about right here and on this in this instance it was up in here so I call the the minor minor lug she calls them minors I call them babies and then you got the majors majors are the red and the blue those are the main and this is what I've been trading off of for months and they're still really really powerful but I wasn't taking into consideration what you know what if something didn't happen if something did happen to come up with a better thesis right and that's the key again watch the video and you'll see that it's very straightforward nothing technical about it I ask her very simple questions and it is eye-opening to put it mildly all right I'm kind of upsetting I should have actually I should have three positions on if you remember up here so this is this is a month-making day trade that I kind of screw up a little bit where I should have been adding so let's let's go back to the very beginning right just to show you guys so we came up here there's your main driver stop run right eye stops okay well that means it's kind of big buying right it's still buying but is that someone there's just a big a big firm or a big player getting long no it's someone puking out their position that that doesn't signify buying real buying to me right so we have two types of steps for buying 700 one contract come back to this because I might be out of this trade if this might I will be out of this trade if this ends up holding all right so I got stopped out of that one this baby lug is holding you can see this buy ice coming in so this this is exactly what I'm talking about you should not see a bullish SI indicator setup in this situation if you do something's amiss and it's time to start to look for longs right because we should fall down to this that lug that I showed you let's see what the size is here does not threshold this problem so I go 700 for yes so I'll just continue to hold this but today this isn't bad I mean it's you know I usually go above you know if it was like 650 675 I would draw zone this is pretty low so I'll just I'll just hold on to this and stop out of my normal spot but if I see some big ice come in something's wrong on the short side I'm ready to get out of the trade and then go along but as of right now I'm still on this so I'll be back to the Nasdaq the reason I got short here is actually go back to the lugs because I was already basing my my thesis on what should happen right so we came up here and this is what if you watch the video this is the one of the first thing she talks about where markets should once you get above the directional it should tag the other look if it doesn't that is telling you something right there right doesn't mean it can't do this and then do this and then tag it but that's the benefit the power of having the real-time buying signals so if you're just trading lugs you're like I don't know here um we could come back or we could so I don't know what to do here well when you throw in your most important factor the real-time buying you're like well let's see here we didn't get to the lug and then looky looky this is a bearish setup a dumb and dumber right so this is why when you incorporate this with the lugs it's the most powerful thing I've ever seen right so this is why I got short so that was a dumb and dumber we even got a retest I actually waited for a retest oh I think I wait for a retest I can't remember you can see my original stop up here I did an ATR above here I can delete that there's my you know I got in here aggressively because we are so close to the red lug you shouldn't be seeing bearish setups I got an aggressively that was my first century it's on its way to three open as long as something doesn't come in then we got this is when we were on I did add to this didn't I can't I can't remember and I added oh no I got out of one I can't remember what I just did right here around the webinar but I can't remember um so anyway this was a brand new setup though look at that I mean look this is guys this is just over and over and over even if you're like I don't want to be aggressive I want to wait for a full ATR retest here you go here you go here you go that should have been position number two then and then you just put your stop where it is right here right put it at three quarters of an ATR above there we went over this I thought there was another one in here so I should have two positions on I thought there was three setups in here oh yeah there was so this this was this one that was a cell ice that's why it's black that was that that was aggressive it didn't retest that zone but I already said we were blown through the yellow lug I want to be aggressive so I should have had another position on there and then you get this one and then you I should have three positions on instead of a whopping one lot but it's still a nice trade but this is a monthly this is what I'm talking about guys you wait and you battle every day and you break even you lose a little make a little then you catch a day like today where you just get set up set up set up and you just keep adding and trailing your stop based on the setup based on you know if you're using the lugs and that philosophy and then you this should I should have three positions this should be like up 10 grand right now but it is what it is again it's harder for me to do keep track of everything on these webinars but you guys get the gist of it so I'm still short that some guesses points well nonsense so nothing is violated right like I mean lug wise right I haven't got it set up all this is doing this this is what I mean like if you understand what should happen you're not panicking when it's just dancing around this baby look right could it come you could even come back up to this yellow look right and then and then do that as long as I don't get a brand new a new volume signal they can dance all they want you know if we get above here then I'll stop out and then I'll reassess but don't let these algos screw with your head you you know especially if you're using these lugs you're like okay this is where we should go if I don't see anything they can play games it doesn't mean it can't do this if it does and then it gets above here then I'll change my tune I'll stop out I'll make a little bit change my tune but that hasn't happened so until you see a volume setup you sit in this trade and let them play games and watch the flush down to there and use the not logs their lugs just get yes here we'll go we'll go through all these real quick just so you can kind of see where we're at in each one right so I'll give you just a quick synopsis again I just started using these as far as thesis wise and what should happen what should happen so again like watch the video and you understand so here we go from my expectation so anyway we talked about it tag the red lug got a volume signal blew right through the yellow tag the yellow this we should get here if not lower this could come out and bust bust this and and build new lugs too and we'll base we'll judge that based on what's happened what happens with the volume down here so that's that we looked at NQ here's Russell same thing what do you see here these lugs are monstrous again the longer they form the bigger they move out of here you can see how long these things have been going on so what do you see here well came up we tried to we tried to hold above here and right through it now this is bearish so any bearish setup I would get in here I would be aggr I would enter aggressively meaning I wouldn't even wait for an ATR retest I would just get in three quarters of ATR these are the targets baby lug blue lug crew same thing what do you see here this thing cannot hold above she calls this the directional can't hold above the directional we're back below here if I get a short setup taking it this is my target baby lug blue blue lugs the main target you want you can get out of one you know some of them at the babies but the big the majors or big big blue big red that's that's the key gold what do you see here so yeah this try to stay above the yellow nope try to get nope got through it nope retested yep and as soon as you get if you get a bear bearish signal here you are it's go time you're like blue lug now we got here and what do we just do we built new lugs this is really important too again we should talk about this first thing on the webinar when you build new lugs the expectation is you don't want to see so here's the yellow here's the prior red you don't want to see this thing get above here if you do something's wrong and then you start looking for longs again but right now this is showing me just based on thesis wise they should hold and come down to this next look if I get a short signal I will be shorting this with glee with happiness right if this turns around and pops back above this prior blue and the yellow and I get a bullish signal I will go along with happiness and these are my that's my first target or my main target is the red look I'm not gonna do bonds I'm not gonna do uh I mean the same guys it's the same stuff with the SI setups and it's the same stuff with the logs it doesn't matter what market you're trading is the same principles I don't know what proprietary formula it's incredible China I'm assuming she uses something with VWAP market profile I don't know all her inputs but she's been around for like 12 years and she's got a lot of users that have been that are profitable so again profitable just using the logs could you imagine how well you could do using this volume information like it's the sky's the limit all right so this is what I mean about like you know how many guys just not under that don't have this kind of information you know or like just panicked out of that again it doesn't mean it's not going to come back to the yellow and if it does something's wrong with the short and then I'm looking for loans but so I get popped up you're just like okay it's just dancing around the baby look I'm still expecting this again if this pops up and I get a bullish signal then I'll change my mind but nothing's happened so I'm sitting in this train and I'm not worried about it I'm not watching every tick the trades on let it work natural gas see here it's just it's just pretty incredible here built the lugs up below the prior blue couldn't hold above the yellow boom test gone blue love it's like clockwork silver the new lugs held the prior red held the yellow great long test test tagged the red now we're below here what do you or do you think we should be going we should be going here right so if you get a bear setup you're like I'm in I'm in aggressively because this is where we're going because it blew right through the shell if you get a bullish setup and we get back above here you're like something's wrong I can't wait to go long right means so what do you see here this is another thing she talks about so once we got above the directional yellow you expect it to tag the red this is kind of like the nasdaq this is the nasdaq trade earlier remember didn't tag the red and then I got my volume signal like I'm short didn't get up here get my bearer signal I'm short so this this came up here and didn't tag it danced around the minute this gets below the shell you're saying okay blues my next stop because of what didn't happen up here do you understand what I'm saying now like it's also what didn't happen not just what happened it didn't tag the red once we get below here go time there's your blue now it's kind of dancing right of this blue we could build new lugs and then you have a whole new thesis and set up right so if we build new lugs here and you get yellow red blue well this should stay below here and you should see a bearer setup and if you do then we're coming to the next one for some reason you get a bullish setup and it pops up here like okay something's wrong this should have done this again what should have happened now I want to get long and then ask him your turn we there's a perfect example this one already broke the beans is about to break right yellow so that when you build new lugs you're expecting that and this is holding true as long as it doesn't get above I mean it could dance around here if you get above this blue and then get a bullish signal then you're coming up here but until then you're looking for shorts if I get a short signal I am in and I'm look this is my main target the rest of these I don't even I haven't even updated and I don't follow the all these other I got enough on my plate especially corn corn to pain in my you know what all right any questions first a lot of chirping today yeah just a minute here let's take a look so the lug wig levels um still available only on cr charts no so she's got she's actually adding them because her her base is actually growing because of you know the exposure she's getting for me alone I'm assuming but she has I use sierra chart because I yes I'm a retail trader too and the first thing you should be doing is cutting costs right you don't need to be spending $900 a month on on software platforms why do you think I use thinker swim and sierra thinker swim is free if you put your and it gives me the information I need right it's well if you put some money in there you can actually pull it out and you still have access to your charts that this is all I need why do I need more than this why do I need to pay anything I don't that's why I cut costs here sierra chart is 35 bucks a month and you know you need the data feed but if you have like a rhythmic you you have two connections and she stops topsell and q 171 contracts all right now I'll come back to this here but then she does them for ninja trader she has them for a couple other ones and she's adding them and if you want something she's very very accommodating you say can we get him on this she's in the middle of updating all those like sierra charts that's a major pain in the ass because it's the labor intensive so that takes a lot of her time but she will definitely add something if you want to add it all right so I don't see this is close this is 130 stop run 125 that's not enough for me to draw this but you see the snakes here nqis iceberg by nq 151 contracts here we go now I'm going to trail the stop minimum and sweeps not snakes versus like when I say snakes see all this ice is coming in here now you shouldn't see a bullish setup if this is going to make it to the to the blue lug right if you see a bullish setup you're like okay that's not making it a blue lug I'm going along right this is why the real-time volume is so important once again I can add to this too it's getting a little scary for me to add this after this kind of move but I will this is a double whammy right actually no it wasn't it was just by ice just make this blue so let's see where we are with the lugs wrap we're already down to three and then thanks for telling me bruce right off the blue lug here gold stops gc 214 contract right so I'm out of two of those just because I want to see what happens now what does love the lugs are that powerful right yeah that was quick do you see what I'm saying though how you're not if you don't get scared out you don't let the algos screw with you it was dancing around that baby lug and the the objective was the blue lug here we are here too so I'm getting out of this and Aztec as well and then I reassess so now if this turns bullish if this turns into a bullish setup I'm going long because we're bouncing off the blue lug if this holds and we build new lugs then I'm going to put on a brand new position that's short this should have been a month this should have been about a 15 grand trade by and like I was supposed to not going to complain good trades but all right so now we want to see if this builds new lugs if it doesn't build she talks about this too on the webinar if it doesn't if it gets below and we don't get new lugs that's telling you something we already know there's a bullish setup then I'll be looking for at least to move back to the yellow so Sierra is kind of a pain in the ass part of my language but you gotta you gotta kind of refresh it sometimes it doesn't automatically update Ninja trader I guess is perfect so if you guys got Ninja trader there's no problems they update all the time but all right so we still haven't drawn lugs yet if this pops back above here guys this is going to be a great long a great flip so what do we look for well that we get an ATR below this zone the zone's 33 points I think we came close to that we might have let's see bottom of the zone is 50 56 quarter get down to 26 quarter yes we did three points 33 points sorry 33 points so I said 56 what's what can I add 26 23 so we did not quite get to 23 pretty close so my why I'm why I'm saying that is because you can either I don't I don't want to I don't want to put on a short here until we built new lugs but my point is if this holds and then gets above here then I want to go along and it's not really it's not violating this setup the setup of my you know the way I trade these if we get a full ATR below here well then this as a bullish setup is no no good see what I'm saying came close we didn't get there if we get back above here I'm gonna go along as it bounce off the blue look see if we built new lugs nothing yet so back to this guy I mean do you see what I'm talking about like how many guys got shaken out of the I'm sure someone on here got short with me and someone got shaken out on this right oh no no it's gonna oh we're gonna do this and I don't blame you right mentally this thing does this not set all the time it's still probably gonna do it right you know eventually but you understand hey there's no volume signals this is where we should go and guess what we're right there looks like magic again this is all premised on my original setup way up here so that's a it's a 34 point trade that's pretty good in some circles in my most hated market I hate this market here so this is going to be telling too if we do not build if we don't come up with new lugs here and this gets back above the blue and I get a bullish signal I am going long just a quick question Scott is following the higher time frame levels and in this case your your lug wig levels it's calm lugs calm lugs easier all right following your lugs then then I'm just I'm just curious like your exit on on that like you know looking at the order flow around that event like the sweep below it or something like this might be you know something to kind of confirm that level and if that's something that or you just you just exit at the level it hits it and like then then you're out again I you know I'm learning the best way to use these and the best way to use the zones whether to be aggressive not aggressive as far as the major lugs yes you just you want to get out of the majority and just wait and see because the thing is look I'll get out and you can see now these are these are all bouncing right this I mean it's just right but it does it does make sense though there should be some sort of order flow event around that important level well there's that there you go that's listen what you just said there should be so if there's not what is that telling you and again if you watch the video you should watch it too Bruce because you like to trade obviously we talk this is the exact thing I talk about in the video when I first this was I was literally three days into using these lugs back in May and I told her I've noticed when we come to the major lugs if I don't see a volume setup that's usually an incredible fade right not incredible but that's telling you that's telling you something so if you don't see an event at a lug at an important level that's possibly telling you something so you can come up with you can come up with strategies where you you play the fade if you don't see something right so that's what you have to determine but I much obviously it's way more powerful if you see a bullish setup right here which we may still get that that's even more powerful but it's something there's something to be said if we do come down to a major level and you don't hear a thing right that's telling you okay well there's really no engagement well but you saw a sweep below it right didn't you see the sweep I'm just curious I mean like the sweep looks like just an it just looks like an unbelievable way to get out like let them sweep below the level and it's like yeah okay right you can say you exactly so I mean you know I'm giving you guys like the foundation right you guys can come up with this like you said like you you notice this sweep right here there's a thought that's almost a thousand sweep sweeps bomb snakes call this white snake you got black mamba we got white snake so this is you can say hey wait a minute okay here there's a sweep remember white is white is by black is sell in in the sweep I'm going to sweep me and what this is showing you the is whoever is the responsive party meaning the passive so you can see these big red bubbles someone hit the market and swept and someone took them right so that's why you see the the white so my point is you may say okay I'm getting long on a setup or if I see a huge sweep and it can't get below there look at this boom no dice came back almost to the exact low gone right so you guys you have all the information right and you can trade this stuff any way you want to trade it well I tell you all the time there's an art in the science the art is do you want to trade this how do you want to trade this do you want to wait for about the art is hey do I want to get in a half ATR aggressively do I want to wait for a retest fail that's the art this is the science like there's no disputing there was 200 plus icebergs here there was no disputing there was 750 white snakes in here there's no disputing there was another thousand sweeps in here that's not up for discussion that's what it is how you trade them is the art right so you can say I want to see a si setup I don't see that say this didn't happen you say okay wow that's a thousand sweeps that should have continued lower we're out of blue love or pop back up I'm going along I'm going to put my stop right below sweeps that yeah yeah yeah I mean it really I mean it's just like a just as we kind of started off like a you know here's your here's your strategy you've got your higher time frame levels and the look for order flow events around those levels and that will help optimize the trading so so the event below that is and it's a wicked event the the is a book sweep and a stop run below the lug lug web level there and below the lugs and you know so so there it is you know there's your reason and you're combining your higher time frame and your order flow or lower time frame stuff that that's all I mean it just like higher I just it just it's like you say like the real time volume is telling you so much therefore there it is the key yeah it's it's it's it's what drives the markets period and if you can have so once again you guys let me say this like 12 times in the last couple weeks I went the whole month of December in my room and all I traded regardless of where we were regardless of structure lugs anytime I saw a setup I will I waited for a full ATR move away from there and I waited for the retest and the failure the conservative entry right that's all that's all I did for one month and it was profitable it was like it was up like 11 grand or something and none of us through December 2 and I was sick for a week and a half of it but the point is you already have the edge this is the edge this stuff what you're seeing here is the edge now when you can incorporate that with something again you know I use lugs because they're incredible as you're seeing but you may say I like to use I like to use structure and I like to use balance areas right we talked about I use balance areas all the time and I keep an eye on them right but I mean like what would have been your trade here if you're looking at this as a bar chart reader like what looks so bearish here nothing to me this look like it just basically came back to the top of this balance and then we came down to the bottom like this looks pretty benign to me I'd be like yeah no I'm not interested that that looks a lot different than the information we got here right came up here touched the red as as resistance we got the volume set up there's a short boom we got another one added and then we judge what it did at the directional it blew right through it it retested it and this was the expectation and well behold boom and then bounce right out of it right so there's no there's nothing wrong with you know using the I use them all the time I mean you have to have you have to understand structure but you know intraday stuff you if you're you're we're day traders right a lot of times you're not going to get sound setups you know that are that are playable based on the higher time frame right so for instance what do you see here so this is major balance multi-week multi-month right what do we do broke down retested a volume and then it paused so that's good to know but like that's not a that's not really tradeable from a day trading exactly exactly right so it's like okay I know this is a high volume node okay I'm gonna short right here where's my stop gonna be 400 points away right because this is still continued this is still bearish until we get above this high volume node okay so you just throw in a short randomly here and then you put your stop up here I mean yeah if you're you know if you if you trade you know intraday or inch a week then that's fine where you're saying okay I'm risking up to 16 to and my my goal is to get back down to this this well well then that's fine but we're day traders right so this a lot of time isn't is impractical for entries exit so on and so forth so that's why the real-time volume and then my lugs are the lugs are the key yeah yeah yeah no I was just I was just curious of the exit on that it was just like oh it's hitting the log I'm out and that's how powerful they are well I mean I because the thing is Bruce if it comes back down here which is doing right now and this bus through well it's going to build new lugs and then I can make a new determination okay you know you got the yellow you got your blue like we just looked at soybeans or wheat right then I'm looking for another volume event to make another decision whether hey is this going to hold and do this or is going to make the next move to the next look right so I'm I'm perfectly fine with getting out and then waiting to see hey we're going to build new logs hey is a new volume set up going to come in and then and then reassessing and getting back in right yeah yeah I just to really optimize it like if you saw if you saw an order flow event around it like you really got something is my point it's like it's like looking at a candlestick I mean and I'm this will be my last point on it and just move move onward I don't want to take too much of your time here but when you look at a candlestick pattern or like a cup and you know handle pattern or you know a double bottom pattern like great but how do you know it's going to follow through that's where the order flow can help you or fail or fail you know yeah that's it that's exactly it exactly so anybody who is trading without order flow does not have all the information in this order flow I'm not talking about so I did the webinar yesterday the guy that you know he makes money just trading level levels he looks at completely different things he was saying I don't understand book map I use I use a footprint and delta and stuff like that and that's fine if you can make money that way I think you know a lot more money using book map and I was trying to push him that direction like hey get out of my webinars because he's a friends with Pamela Ludwig and I'm like and you can start to learn how to really read order flow right because what he was using he was using um imbalances uh so here see if I can give you an example which I just don't think is I just don't think that is the the way to look at these markets like if you're making money using footprints then you're going to make 10 times more using book in my opinion um give me an example here yeah and I'm not trying to like like it's mentioned book map in here and trying to sell the product it's like no just seriously like order flow around the level like use your higher time frame levels and then use order flow you're gonna get a much higher probability uh outcome right so let's you know here's some examples right like um no people I guarantee half the people I'm here for sell and q 152 contrast let's see what's going on here and then we'll come back to this all right here's another event it's basically smack dab in the middle of the zone if this see how this 172 sell ice if this gets above here um if this gets above here it's I'll even mark this up just uh because this is the newest event and we'll make it black so at this you can see these sweeps these sweeps ran right into sell ice that's important information in itself so you got that and then remember you want to go you want to incorporate all the prices till it ends till the event ends you got that let's change the colors I use black for sell ice all right so now I know what do we know here to cover that ES just because it's there's nothing happening down here and I'm not I don't need to see it come all the way back to the yellow nothing happening all right so what what what is happening here now look at this try to break below no new lugs try to break below no new lugs now you have any volume in that that's what I'm expecting I will play this aggressively out of this if this busts above so again if you're just playing lugs you you're just throwing it or or any chart pattern you're just half you're just hoping you're like okay we tested we tested couldn't couldn't build new logs tested again could all right I'm just gonna go along okay that's fine but would it behoove you to understand the volume and say okay I'm not gonna go along right here because sell ice came in I'm not gonna just gonna just go along below this if this gets above this this is gonna be a broken ice setup one of my six setups and that's the trade not right here and you don't know that if you're not if you don't understand real-time buy-in the real-time buy-in this is it guys this is the big money the big money is what runs the show if you know what they're doing and you know in the right you know in the wrong and you understand you know again if you're using lugs like okay this should if this is gonna go if this is gonna hold then if then we build new lugs and I'll change my tune and I'll go short again but I'm expecting based on what we did at the log three times we couldn't get through it the minute this gets above here half three quarters of an ATR I am in like 24 yeah half a 34 17 half a 17 is you know see eight so say 26 points so 26 points above this latest zone the sell ice I am getting I am going along yeah I'm sorry just I won't I'll let this go but just look how simple and easy a trading plan can be like you have let's not say easy nothing's easy about okay well look at how simple and straightforward it can be like you know exactly what you're doing you you started off the webinar talking about that like you won't get shaken out of something because you're looking at your higher time frame you know the behavior around there you're looking for the order flow event around there now you've got something that is much much higher probability right so again if you so here's a this is a perfect example guys right like if you're just playing lugs again very very powerful on their own but what what did you what did you do that help that held up you're like I'm long now you're like oh crap this this isn't why is this doing this well if you have a real time mind you know exactly why it's doing this because sell ice came in and stopped this market cold see the sweep see the black mamba right there the snake right stopped market cold that's pretty pretty important information as far as I'm concerned it's the information right so now so first and foremost if this gets a full atr below here below this latest zone I'm canceling that long because this will negate this as a possible long set up right that's the way I treat if I get a full five minute atr below the zone it's not a long setup anymore as long as this doesn't go 33 points below here actually I think it already did so I'm about to cancel this and then it says let's see bottom of the zone is 70 and we got down to 35 that's 35 points that's an atr I'm going to cancel this so technically you could now play this short because here's your atr first of all I wouldn't be aggressive until we built new lugs but if you got your atr your retest your fail again half atr three quarter atr you get in you could short this I don't want to do that until we build new lugs if we build new lugs then it's go time and trust me we're going to get more signals anyway so let's see what happens here but do you see what I'm talking about if you're just playing lugs you are sitting here saying what the hell is going on this try to try to try why did it do this oh you know why because there are cell ice that stopped to call in its tracks now wait if this build new lugs we're coming down to the next one the next major one in my opinion depending right so if we build new lugs and then something bullish comes in then I'll flip it so let's wait and see here I feel like I've been talking for like four hours same with the yes just refresh these to see what happens again seer chart you got to do this sometimes they've been working great lately but I just I want to know especially real time like here we have new lugs yet or not nothing doing yet so as this setup I would not go long off of this setup right you could you could still go along off this because back above here I don't that's not how I trade so I need to see something new to go along as long as these looks so I thought we just built no one's as long as these lugs hold so again if you watch that video she talks about the parameters that are involved in making these it tells you something if this if this does not build new levels and they can't push through it that is telling you something very important and then you're expecting yellow lug and then possibly red lug at least yellow lug right so I have all that information in my head and I'm just sitting here like a sniper waiting for a volume setup that's it again simple not easy nothing is easy in trading but it's it's simple and I know exactly what I want to do I have my rules I have my rules for my zones I have my rules for my risk how much I should be putting on again if you remember my room where you want to build one of these here's your risk spreadsheet you put in your your account size you should only be risking about two percent or less on a trade one and a half two percent and then tells you how many how many contracts you can put on based on what your risk is so for instance that es trade I think I think I was risking maybe 11 points so and that's what I had on I had a four lot on if you're if you're not following something like this you're going to blow up your account and I'm not even going to go on that rant like I do every week but that that right there is the most important thing you can do period before you even start trading and understanding this stuff if you can't control your risk you are going to blow out your account it's 100% you might get lucky a day a week even a month but trust me it'll catch up to you if you're trading too big if you have a $10,000 account and you are trading normal size contracts you're you're done you're going to blow out your account trust me unless you get lucky and go on a run it that's just that's too big of size to be trading with a $10,000 account you need to trade micros there's nothing wrong with trading micros and if you trade micros it helps you learn to like piece out of positions add back you know I mean you're not just one or done one or nothing right so don't don't be like embarrassed to trade micros like I have one account that I trade micros on and I'm trading for another guy that I trade micros on just because the account is not big enough right you can't that's the number one thing that I can I can tell you while this is just dancing around here Bruce do you have any idea why this Russell chart is like dimmed I have no clue what is going on here why why is that yeah this is this is a new new feature in 7.3 so in the top top of your what black everything out black everything out just close your eyes and throw an order in no it's actually a really good feature I really like it I requested it some years ago and then and then we've we've got more requests and like it so no down below that just right there is a slider right below it this yeah okay so so you can so because and the reason being that it's been requested recently is because we have new in all these new indicators on there so if you want to see more clearly you can just you know hide the heat map very quickly or just look at you know maybe certain levels of liquidity and kind of make the others transparent more transparent all right that was a simple I'm just going to get out of this right now and then I'll reassess based on bugs if we build new ones but you know it's stuff like that like someone in my room pointed out yesterday I didn't have this uh this data tool tip like I had it like this and it wasn't he's like you know if you click on that data tool tip it'll show you the values every time you touch anything I'm like oh that's good to know after three years I had no idea so again you know that you just continue to learn stuff about this software but it is I don't care if you guys think I'm selling or not because I mean I'm not selling it it's nothing to do with me but it is the most powerful thing you can possibly have in your trading and if you don't have it you or you do not have all the information I don't care I'll so back to here we'll go on a rant on this nonsense that I just think is nonsense right so many guys are trying to trade off of this and they think they're seeing what they're seeing and you know the footprint right it's like yeah there are instances where you want to use it and you want to see hey are there heavy sellers like you know for instance this one work where you see you know guys this is like they live or die by this oh look look at all they wow 1,100 sellers meaning there were more hitting of bids and taking of offers right that is important information than this one happened to hold right but what are what are you not seeing here Bruce so I'm going to put you on a spot so if we come down and there's 1,200 sellers okay there that's information some is being aggressive well what could you possibly not be seeing on the other side of this trade all sorts of things I mean like you're you know that's the main what's the main one what's the main driver of my trading well yeah icebergs but you're not seeing any liquidity at all right well that's the way it's like great there's 1,200 sellers well what if there's 4,000 buy ice birds exactly exactly I don't get it I don't swear right there I don't care if there's 1,200 sellers yeah I want to see what it does out of this area but you're not getting all the information with this you're just seeing one side of it oh great there's 1,200 sellers oh guess what there is there was all this was an iceberg and then there was another 4,000 behind that as we moved on do you think that might be important information to know than just playing playing off a footprint like this is not I again you could glean some information off of it and I know some of you guys are making money using it but I'm telling you you're not seeing the whole picture if you are just using a footprint or the delta like yesterday the guy that I had on to do the Ludwig he used this cumula delta and it's just guys trust me I've been doing this for 23 years I've seen it all I've done it all I've tried everything I tried footprint I was at best at best a mediocre trader when I was using this information at best and then the minute I was introduced to this I knew I was back and trust me I am on my way back and it's going to be glorious but you know again you may make money with footprint you you're going to make a lot more money understanding the setups what what the aggressive selling was was it aggressive selling with nothing there was it aggressive selling into an iceberg that is very important important information was it aggressive selling with a was it a stop run right that that this isn't telling you any of that it's telling you there's 1,100 sellers okay is that a was that a stop run and then it just turns around and does that like this is not all the information so just be careful using it is what I'm telling you make money with it great more power to you um but it's not all the information all right that's my one man for the day yeah yeah I mean I I've struggled with trying to kind of you know explain that as well to to to people I mean just like the context you're seeing is only one dimensional there um and why not be able to see like the context between you know the other side of the of the trade um and how important that is uh but you know a lot there's a lot of people that just swear by uh footprint and but I don't really get it like if you get more information uh things that you cannot see then you know isn't that going to be a lot more helpful um anyway uh there's my rant for the day all right so kind of dying down here um so basically I'm just waiting for you know to see what happens here if this if I get another signal polish I'll still go along if this move below here when we build new logs and I'm going to judge based on my next volume signal and but I will be aggressive on the short side if we build new logs and I get a bear signal if I get a bullish signal a new one because we already invalidated the last one I just drew then I'm going to be aggressive out of that one so we'll see you just got to sit here sometimes you know we're kind of mid morning here this is what happens sometimes so you gotta but we're just kind of continue to dance around here right that's why I got that last one I just I don't need to see this come all the way back up to here now because nothing's going on and you know this is a terrible time of day guys from New York start to go into lunch and stuff like that so um but if I get a again going forward if I get a um a bullish signal I will be aggressive out of here this comes down bust and I get new logs and I get a bear signal I will be aggressive so once again watch the video but here's an example of what what happened so say we come back down here boom new logs here's yellow actually let's let's make that actually I can't do multiple colors I was going to make it more technical so you had yellow there it's not gonna work but um so you had yellow here red here and then you had let's stay on that it's interesting and then you had blue here okay well this is now we have new logs doesn't mean we're coming straight here no I want to see now in this area if it's able to hold this and get above here and I get a bullish signal then we're coming to that log if this gets below this gets below the new log the directional log and I get a short signal then I'm playing to the other one right it's what should happen or doesn't or if this starts to run down here and I get a bullish signal I'm like oh something's wrong this should have went to like we just said for this this should go down here this would happen but if this would have come down here and I would have seen huge buy ice I'd be like okay that because it's again the real-time line is the most important like okay that's pretty much next this should not I should not be seeing a bullish setup now I'm ready to go along you don't have to go along off of this one but the minute this gets back above this yellow then you really know we're coming up the other way right so again it's all about what should happen what shouldn't happen but at night time go watch that video I posted to you guys it'll be a very eye-opening and it's very simplistic it's not technical at all all right Bruce I'm uh I'm out of gas okay there is one question here a very good question I I'm sorry to bypass it Stefan do you use relative volume by time of day to adjust your expectations if we hit one ATR or high low or surpass it absolutely so I keep an eye on relative volume and there's a whole nother whole nother world that you can come up with the logs and and the volume signals if you're seeing huge volume so you know markets tend to and here's VWAP right here's what they call this the daily value array this is one standard deviation from VWAP here's one and a half here's two like I said I'm just showing two right markets when they come to these extreme standard deviations if there's no real volume coming in then they go kick in and run it the other way that's why I was saying a lot of times you can play these logs if you don't even hear a setup as long as there's no heavy volume you can play it for months right I'm not doing that yet I got enough going on with my setups but you really want to pay attention to the relative volume because if there is not big size coming in you show this all the time too remember this conference elbows are at least 80 percent of the trade may be more probably more it's probably 85 90 percent of the trade right so if you don't see there was there was one right here there was one swipe of four times volume which is a lot right and then you add a little bit more but this is telling you something where with this huge volume came in right I'm sure the footprint showed big big selling well we're now actually it'd be nice if I showed the right market for starters let's go out here so this was not as extreme right so you saw one little blip of volume where it was two times normal again this is a seara chart volume showing me this exact five minute time period for the last 30 days and you know the volume is obviously more or less it showed me a little bit more than two times normal volume and now we're above there but as you saw we kept dancing here at that extreme standard deviation the blue lug and look at the volume just dissipate that means there's no big money playing right now and then the elbows just turn around and we're right back up everyone's unit you know what right and that's exactly what happened and that's exactly why I got out of this last one because I can just tell by the way it was trained down here there were no setups there was no volume get out and just wait for another set right so yes I absolutely look at so at relative volume um you see there was one blip in aztec two but I'll show you like a day where you just you want to be careful again you know at lugs at other areas that you're watching like something like this you see all this volume here right this was huge volume I think this was a uh this was a pause speaking I actually cut this was off a blue load I can show you this too I actually caught this long in the room it was a 50 point trade I'll show you that here before we get up I wasn't you know I was I did see this but there was there was huge iceberg setup right here and I took it off the blue lock anyway we came down here right volume was okay and then tons of volume right here so this could you know just because the volume comes in doesn't tell you anything when it's just sitting here it's when it gets out of here is what's going to be the move right because these are huge invested traders in here big money's playing someone's buying something selling this is just like a setup your time this is an iceberg right when it gets out of here that's what what's telling you you know then that that's the go sign and you see they try to sell try to sell they're trying to sell out the whole speech I'm going to show you on the lugs what it looked like and then the minute it got above this area bye-bye 50 points so lugs that day this was two days ago Monday I caught this in the room let's see we came down here Paul was talking this entire time and I was watching and tried to bust the blow now did this I actually got short up here there was a short signal and I gave it a shot came down got out the blue lug and I was watching and then huge bias guy I think I was like 13-14 hundred came in right there gone literally straight shot I got out of some here because it did stutter at the directional and then I held the rest there was no reason to get out it blew right through the baby lug there so I wasn't worried about that one and then right there and I got out and then I actually turned around here and I was very aggressive on the short side so we built new lugs right couldn't hold the yellow couldn't hold the red I should have waited for a move below the baby because it kept bouncing off the baby lug right so this whole area was important I took a loss on this trade as a short but then we had this came then I'm like okay that this is I'm looking nothing at long so do you see what I'm saying by what didn't happen so because this didn't break I got short which was a good percentage trade it should have come down here that didn't happen we got back above this yellow I'm like okay now any signal I get I'm going long aggressively what do we do came up here this was an 1100 lot sell stop run right off the yellow lug the minute that got back above there uh three quarters of an ATR I got long and I caught it all the way up to the red lug so hopefully you guys are seeing again watch the video but you're seeing what didn't happen signals the next big move the other way especially 100% when you get your volume signal so I got the volume signal here and I got it here and I caught both of these trades all right Bruce any other questions I guess out of voice no no sir uh excellent oh I do have I do have one more comment I just wanted to make um something kind of um a kind of big elephant in the room here um you mentioned it multiple times but I just want to reiterate it like um and and then it fits in with what you've been talking about for many many months uh is today or when this moving on these days and uh you know you should be plowing into it and scaling into it and making it a month uh making day uh or you know year uh and uh take all these little you know you continue to trade uh and but you take the small losses the small gains etc but then when you hit one out of the park you really hit it out of the park I mean this is trading that's trading yeah right we talk about it every webinar guys think especially newbies think they're going to come in here and generate a consistent profit every day it's not going to happen it's just not it's just the nature of the markets it does this is not a consistent income so you do your best to control your risk not get crushed not over trade not trade too big and you make a little you lose a little make a little more you lose a little make a little lose a little and then you catch a day like today and you make your month and by the end of the year after a year's time you'll have four or five six days that are just monstrous and that's going to make up the bulk of your P&L and that's what trading is and anybody who tells you differently is lying to you and he wasn't telling you they're 90% and they they they make you know they have a they're 90% and 90% of the days they make money they're lying to you period end of story they may be able to do it for a week maybe a month I highly doubt a month but it's just it's nonsense trust me if it was able if you're able to do it I'd be doing it it's just not possible you know I did do that back in the day but that was a whole different time period and that's when I was flipping flipping the market and you know I was spoofing and everything else that's when I was leading right so you know it was possible for me to generate you know money every day like for instance 2003 I made 10 million bucks you got to average $50,000 a day every single trading day to average 10 million bucks and I pretty much did that granted I had bad days but majority of the time I was making money right that just doesn't exist anymore guys especially for a click chair if you're able to make some algos and you're you're really tight with them and you have no input in the decision making once you let it run then yeah you possibly can be consistent because you're not screwed the human element is not screwing up trades but if you're human and you're clicking you are not going to make a consistent income every day it's not going to happen so get that out of your head and try to catch the major moves and add and understand what I'm teaching you come to my trade room get the course understand how to play the setups once you understand that then you can start to incorporate whatever else that you look at or the lugs obviously I highly recommend the lugs and then you're off to the races and then you catch a awesome daylight today where you kill it yeah I mean it's just such an important point to make so I know you're out of gas Scott but but it's just you know because it freaks you out when you make like 15 grand one day where like you know the majority of the days like you're you know make like a couple thousand you lose a couple thousand whatever and you know it's just something that traders got to get over and got to understand it and also not get freaked out by the numbers right well that's the whole point like guys are over trading and they can't they stand out their P&L and they can't make and this was a perfect example so if you're one if you over traded up here or you're looking at your P&L and you thought you had it you're like Scott says we're coming to the blue oh no well you just saw your P&L tick tick down thousand bucks from where you were like oh no or maybe you held that one and then this one and then this one you're like I can't I can't take it I don't want to lose I think we're going to do this I got to get out right because you're staring at your P&L instead of just trading trading and understanding what you should see and you're not looking at your P&L trust me I said I said this many many times too when I finally took off as a trader when I started making millions of dollars I used to have my P&L right here right my face and I can just see it ticking up 10,000 down 10,000 up 5,000 whatever right and then the minute I turn this off I'm a I'm a Star Wars nerd because that's when I grew up you know 77 was when I was five so I called this when I finally turn this off so if you remember Star Wars the original Star Wars he was about to blow up the Death Star and Ben comes through and the in the force and tells him to turn off basically uses use the force so I said you know what I'm turning off the targeting computer I'm not using that I'm just going to trade what I see and you would be you will be absolutely amazed how well you'll do right again you got to have stop limits in with your broker and we talk about this all the time I'm not going to get on that but you'll be amazed if you just trade you trade you have a good idea right away right so say you shorted up here you're like okay yeah I know I'm up money here and then you shorted here yeah I'm up money here and then maybe shorted on another side you know eventually you lose track and then by the end of the day when you look at that thing you will be like oh my god I just had my best day ever and you didn't even know it because you weren't looking you weren't paying attention to your P&L you're paying attention to just trading properly and you gotta try it one day a couple days you will be absolutely amazed you will bring up your P&L at the end of the day force yourself not to look at it put tape some day I used to put tape over the screen whatever you need to do and just don't look at it and just trade you know if you know what you're doing and you have a system obviously not just throwing in orders you'll pull you'll bring up that thing and I guarantee it's probably your best day ever if not close so that's that's yeah and then don't give it back the rest of the month you know see now now you're Bruce now you're getting me going again the other the other big thing is if you are killing it and you are seeing things and everything's working and you hit your daily profit level which is the biggest bunch of bullshit I've ever heard in my life part of my life which is so upset I get about this if you are a trader that hits a certain amount and turns off your screen you you're done just send me your P&L me your cash because you're eventually going to lose on your mind okay that is the dumbest thing you can ever do if you are seeing things clearly you don't get up from the screen I can't tell you here we go with the rant when I started at King Street Trading when I first started I would say three quarters of the guys in there they get up five grand and they would they turn off the machine and they go sit in the game room and play ping-pong and we had like the stand-up video game that's what they would do and I was sitting there like wait a minute you just made five grand it's 945 why aren't you sitting there and you're obviously things are clicking why aren't you sitting there and make another five grand make another five grand like what do you what do you do it and guess what all those guys those were the first guys booted out of the throne because when they started losing they blew out because they couldn't they didn't have the huge days they quit when they were five grand and then they started having five grand losing days five grand 10 grand losing day it makes no sense there's other times where like Monday asked my room actually it was yesterday I think it was yesterday um things just where it was choppy it was low volume it things were not making sense you're going to have days like that that's when you turn off your computer and you say you know you hit your limit for the day I'm done there's always another day so on that last point it doesn't mean so say you go out five grand right whatever whatever your amount is that you that you normally would turn off your computer like an idiot and not take advantage of when you're seeing things clearly there's nothing wrong with saying okay if I give back 30 percent 20 whatever percentage you want so I'm up five if I give back 20 percent if I lose a thousand dollars back then I'm done for the day I'm perfectly fine with that right because you had a losing trade something changed you didn't see something clearly fine then you're done you're not done when you make five grand make 10 make 20 make 50 make 100 like that's that is the dumbest thing I've ever heard am I like just like when guys use stops and trailing stops that have nothing to do with structure that only have to do it because you don't want to lose money back so I can go down this rabbit hole for the next hour you guys have all heard it before if you put on the webinars but I'm sorry to solicit the the rant but it was well worth it it was well worth it because it really is an important part and so important and you know here's a winning day and you know to have the expectations that there are going to be winning days like this that just you knock it out of the park I mean like you said this should be like three times more in terms of p&l but like it's just hard on the webinars it is bouncing between markets and then yeah you know it's like answering questions right so it's you know it is what it is it's still a good day but I showed you where you can been adding adding adding and this could be a monster day right um so as far as that before we pop off you know this did get an atr below there but it did get above and you could have just said you know it's screwed I'm getting long and you've got 50 points in your pocket right again this this is the science the setups how you trade them or different you may say you know what Scott I don't care that we want an atr below here I didn't barely want an atr below or it wasn't wasn't like it went you know very far below here it was all it was just over an atr right for me that negates this is a bullish setup for you you may say you know what we're still at the blue log we didn't we didn't draw new logs we get above here I'm giving this a shot I'm just going to risk just blow the zone and you caught now you got 50 points the other way right all right guys so hopefully this is a four minute burst did you tape this by the way is it are these being recorded or no yeah oh cool if you can tell me that because I think I'm going to post this one I think this was a good one as far as not only trading it's not about the you know the profit it's about a lot of lessons in this in this you guys serve yourself well to go back and watch this video yeah I'll post it on our selected webinars cool all right well thanks guys hopefully you learned something uh worst case scenario go to love with levels try them out this free trial for three days try them out and see what watch the video try them out you guys will be blown away I can promise you you know remember that video was made last May and it's still everything is still exactly like we talked about it's it's pretty unbelievable to the truth all right guys all right thanks Scott excellent excellent webinar and uh we will uh uh see you next next Thursday cool appreciate it okay thanks bye