 Okay, good morning traders. Now, let's, we have the Scott Pulsini webinar today, so live trading. And we do this every Thursday. We have the Scott Pulsini webinar today. And what we do in our education here at Bookmap, well, we have an educational course. We have the live analysis webinar so you can learn in the live market from the educational course and apply it. And then get the perspective of two different traders or many different traders. Now, we have quite a few on our Discord channel. So Scott Pulsini, futures trader, he's here every Thursday at 10 a.m. We had Jay Trader, stocks trader yesterday at 10 a.m. We have Rain going over crypto markets in the morning. We have Tom Bee directly after this webinar here at 11.30 East Coast time. We have options with Doug, a very unique options trading strategies. You might want to check out at 1.30 p.m. And then all day long, we have the Algo Boys going through their algorithmic levels. And it's looking at where they're finding higher time frame levels in algorithmic activity and marketing it on the chart. Some really interesting stuff from all our educators and would encourage you to go check it out. So let's move on. You guys know who Scott is. I have his contact information here so you can put this into the chat. And reach out to Scott if you like. I've got to go through the disclosures and then we will jump right in here and turn it over to Scott. So general disclosure, all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Live trading is in simulation demo paper trading mode and strictly for educational purposes. Live trading executed in simulation cannot accurately represent realistic trading performance. The risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. One more note. Tomorrow Tom B will not be streaming. So I want to let you guys know about that as well as our blue jacket campaign with the book map insights. You guys probably received an email about that and it's really something we would love for you to do. We would love for you to take charge in. You can find out more about it on the landing page but here's the content here. We can go to the competition here and doesn't seem to be working. Anyway goes to the book map. Anyway read about it in the email that you got and you can win some prizes in here and have some bragging rights there about some of the insights into the market that you have. Alright let's turn it over to Scott and get going here. Sorry Scott to keep you waiting. Can you hear me? Yes. What's going on? Not much. How are you doing? Just going to trade here one second. Show my screen. Yes. I'll go over why. I just missed this trade. She'll be right here. I got my prices. I mean we'll go over the zone but my entry price should be 23. So this comes back. I should already be in this trade but we'll get in right there. I don't love the idea of entering an empire zone but we did get a volume event. The upside event here is sell ice almost 1,000. The market moved to full ATROA retest of the zone. We see this pattern not stop and then as it moves back out, it should have been long right there. Again if this comes back up then I'll be filled. But the one thing that I don't like, I don't like this was a prior. This was before the numbers came out at 9 o'clock. This was a double whammy. I'll show you quickly. When new information hits the markets, the prior zones are pretty much obsolete. As far as I'm concerned, it's because it's new information but you can see this was an area of a stop run. Almost 700 and then another 700 buy ice. That's what I call a double whammy. It's the double money P. We came to the smart money and that didn't move above there and then the number came out and it kind of went through there. The point is what I'll do many times is all my entries right here, I'll put it just outside the zone. But if this comes back up here again, I'm fine with entering it. There's a couple other things why I want to be long in this area potentially for ES. You can see here, this is the Fed. Yesterday it came out per usual. The initial move has faded and I can't tell you how many times I've seen that happen. Put in a huge selling tail, start this directional convection and basically rip through these important zones. We can go over this a little bit but right now what's important to note is this is a multi-day balance area. So two sided trade. You can see the right smack dab in the middle of it. So many times markets will retest either the top of the balance area like this one dead and rip or the high vibe noted. So basically what I'm saying is intermediate term, this is still in a bullish state as long as this can hold this high volume note. If this gets through this high volume note, aka 3700, which is an important spot camera level as well, then it could get ugly today. So right now I'm giving the benefit of the doubt for holding structure wise and then if you get the volume set up, that's confirming that same thing. So you know I come up with my thesis every day by looking, I didn't fill out that. Let's just get this up in real quick. Make sure my ATR is still the same. It's actually up to 8.5 minute ATR I use. Working Wilder's ATR, which is a default on Thicker Swim. So we're doing two different strategies in my trade when we have a shorter term strategy, reversion type strategy that's more plain for Algo, the Algo trade. And then we have a position trading strategy that I look over on these webinars. So that should have been with the new ATR should have been a 23.5. Hopefully I didn't get filled right to the tick there. Looks like it did per usual. But again, I should have been in this trade anyway. So I'm fine with that. And it shows me where I stop is I'm risking 21 points. And I know traders that are new or don't understand, you know, I mean, this could be a hundred points. It doesn't matter. I adjust my size based on the account size, what I'm willing to risk per trade. And it just tells me how many I can put on total. So 2.75 or 27 micros, I rounded up to three. So I tell you guys every single week, I'm not going to go on a rant hopefully this week. But the market, I get so many emails. I don't, I like your system, but I just don't like that type of risk so on and so forth. It does not matter. You're adjusting your size of the risk. When you adjust to the risk, the current ATR average to range, you're adjusting to the current volatility. If you're using static stops, as far as I'm getting in and I only want to risk five points when I actually put on an ES trade, you're not going to be consistently making money because the market does not care what you're wanting to lose or not wanting to lose. The market cares about volume events and volatility. So the way we're trading, the way I trade these is I take both the volume event, which is the most important thing you can possibly have in futures trading and the current volatility, and from watching thousands and thousands and thousands of these setups, I have determined the best way to stay out of the algo noise is to place stops outside of the volume event, outside of an ATR, which because you get these snapback ATR algos as well when the market moves away from these volume areas. So I put my stops outside of those areas and I just adjust my size, right? So yeah, I'm risking 20, 23 or 22 points on this trade. I adjust my size, but I think based on this, I don't think I know based on this current volatility that I can get multiples of that if I'm correct on this trade, right? So some other factors I look at or also look bullish as of right now. This edge has actually been oversold here. We talked about that we can go over this in a little bit, but this has been above the 67% line. This is showing you all the stocks in the E-mini S&P. You can see my tick strike. This is in my trade room. You can see it. Actually, let's get that going too. A little torture going. So I got it on this computer and I have it here as well. And the other very important thing I look at is our Ludwig levels. So these are incredibly powerful levels for day trading. And when you can combine them with real-time volume events, you have a distinct edge over the market. You can see both these markets, NASDAQ and ES, all the blue lug, right? So now I know I have blue lug. I know that we're at that high volume out of that balance area. I know I have a bullish volume event that actually was even conservative, meaning it did the actual ATR retest failure, right? So all these things are bullish. Then these are all just factors I look at. I don't have one determining, I mean, beside the SI indicator and lows. I don't have one thing that will keep me off the trade just by itself. But just looking at this as well, you can see this is a spot gamma hero. You can get this on book map or through the website, spot gamma. You can see all these markets are... So the black line is the current price. Let's actually get this over here because I actually, I love Tickstrike. I love listening to this one. It's in my favor. It's not so far when it's not. But anyway, the black line is the market. And there was a pretty decent divergence a little bit ago where options complex was up here. And the puts in the calls. So if it's above, it's obviously bullish below. It's bearish. I'm talking above or below the black line, which is price. This is not a red light, green light, but it's good to keep an eye on. Especially if you get other factors like I do, when everything lines up, that can be an A plus trade, right? As far as you can trade bigger size, so on and so forth. So SPX caught up, SPY caught up. Q is where this is definitely see how everything's catching up to the options now, right? So that was another reason that I like that long. Same with Russell. So, right, WM. So that is on right now. Some places I will look to potentially get out of this trade or start piecing out of the trade. One is the yellow lug. So I don't usually get out of VWAP. So for instance, like right now, it's kind of struggling at VWAP, which it'll do many times because you have VWAP traders that like to fade it. Unless this can flow in with something. This is actually pretty confluent with this. So if we get up here and it struggles, we get up to this 3740. This is a market profile composite. It's about 3742. So if we get up here and it starts to struggle, I'll probably get out of one of them, right? So I pay myself as I'm right in important areas. VWAP by itself, I don't usually get out unless it's confluent with something else. And this is an area where this could stall. If it gets out of here, then we're probably going to rip to this prior one here. So then we can get up to these levels and I'll be looking to hold and or add to this trade. But we will watch up here near this 4042 level. If it gets up there to scale out of one and then, you know, if new setups come in, I'm actually going to delete this. This was before the number. And this was the most recent volume event. So like I said, you know, as this moves up, if we get a new setup, that's ideal, right? So if this thing starts to, which we probably will, if this thing starts to roll up, you'll probably get like a stop run and so on and so forth. Then I can take, actually I didn't even pull my stop in here, did I? No. I'm going to get that in just in case something silly happens, which happens all the time. Stop set 01, I've run down 01 and a half. Let's get that in. You can see basically where this market stopped to as far as the, there's another bullish factor right at the spot gamelow here. There's a couple of different levels spiked down a little bit through the number, but held. All right. So you got a lot going on in spot gamelow. He always talks about Brent, spot gamelow talks about these levels and, you know, when you use the hero or I just got done saying it's not so much a run like green light, but the best places are when you see the divergences are at spot gamma levels, meaning this was a decent long, you know, and then you got your volume event as well. So there's a lot pointing for this to rally. So we'll see. You know, again, you get as many factors on your side as you can with your thesis. You get your real-time volume event. You put on the trade. That's the edge. If this, you know, this should, I have the odds of my favorite that should rip up. If this comes down, stops me out onto the next trade, on the next trade. If you have a distinct edge, if you follow your rules and are consistent, you will make money overall. Right. And that's how you have to play it. It's a probability game. We'll go into that rant. I'm sure later with the trading in the zone document and so on and so forth. So Scott, I mean, when you're looking at these, these, so just to encapsulate, so just as kind of review for anyone who's new in here, you can see what Scott's doing. He's looking at his higher timeframe levels as he just went through. And, you know, some volume and market profile type stuff there, some other levels as well. And then he's looking at the order flow here in book map and looking for stops and icebergs to give insight. So large transactions and stops and icebergs. And the reason being is that, well, it's uncovering something unique. And now we're looking for the order flow around that unique event. And then he's going to be holding and managing it for quite a while, potentially. So, you know, like 60 points there was, if it was going to bounce off that point of control and come back to up to 3,800, you know, we're talking 60 points here. So just to put in expectations or understanding of what his strategy is and Scott, maybe just give some insights like to how long you are holding your positions because it's hours, it's several hours. Yeah, it could be hours, you know, depending on what comes in and, you know, certain levels on my mind, like we were just talking about that VWAP area so on and so forth. But yeah, I could be holding this thing for hours. I mean, my main objective, you know, I'll piece out at certain areas like we just talked about, but my main objective is either a major log, right? So say this thing starts rolling up here. Of course, we're getting torching now, but it starts rolling up. I'll get out of one there like we talked about that. I'll hold a couple and I'll possibly watch up down up here where the, you know, then again, this marker profile composites. We can go over these a little bit. You know, I'll get out of another one. But ideally, I will hold at least one of them. I always try to hold at least one contract until we get to a major area and or an opposing volume event. So say this is rolling up, then I get a volume event and it's a bearish volume event. That's when I'll finally exit my position and then I'll flip and go the other way. But yeah, this could be, you know, if this is my objective, obviously it's going to take some time to get there unless something comes into the market, some kind of information, but I could be in these trades for hours. Absolutely. You can even see here, actually, this is my scalping account. So we get questions about, you know, using order flow on higher timeframes and this answers that question. Yes. And you can see what Scott's doing here. And I can see here the average whole time sits on here somewhere. This is over like 1200 trades. Right, right there. Average winners whole time, two hours. Losers one hour. Right, so. Perfect. So I could be in this for a while, right? And, you know, this is the trade. You have to, this is why I don't, for instance, like I have a profit in this trade right now, right? Do you see me pulling what 95% of traders do? I'm not going to trade my stop up, you know, at least to break even. And then as it goes, okay, I want to make sure I book some money. You know, again, the market doesn't care what you want to make. The market cares about volume of events. So yeah, if you want to cut your trade shorts all the time, short all the time, that's fine. But, you know, your risk reward is not going to be proportionate. And over the long run, you're going to lose money. So my point is, if nothing new comes in, I'm going to force this market to come all the way down. Well, that's suck that I have a profit and it gives back. Yeah, but over the long run, and that's how you have to think as a trader, if I follow my rules, I don't get snapped out on these whips and moves. And it's, again, say every webinar, everybody knows this who trades. Algos are probably 90% of the trading here, right? And unless something comes in and they know when something comes in and that's what disrupts them, other than that, you're going to most likely get this most of the time. So the point is, don't let the Algos get you out of the trade. Make it push through these volume events. Make it get ATRs. So what I can do here, too, I've been implementing this a little more often. So if this starts to roll away from my entry, and it gets about two ATRs away, five minute ATRs, which would still be, you know, right now, it's almost nine points. So if this gets 18 points away from here, from my entry, so say 20 points, which would be at that 42 level. And then, you know, you can come up with these kind of rules where you say, okay, well, this market should not pull back more than two ATRs. So I'm going to alter my stop on that, you know, that's barring anything else. Come in. I'm okay with that, right? Because you can't, you know, you don't want, you don't want to let a huge winner come all the way from here. So if this gets 18 points away from here, from my entry, so say 20 points, you don't want to let a huge winner come all the way back on you. But the point is, you're using something that makes sense, right? So if these markets are truly bullish, they should not be pulling back more than two ATRs, right? So I have been implementing that more often. It's been more Muslim. I've had a couple like crew winners, remember I said I'm waiting for a major lug or a volume event, and I'll get like 180 ticks in my favor and it'll get close, and then it won't go, no volume event, and it'll come all the way back. You know, you can't allow that to happen, but use some common sense on why you're getting out of the trade, meaning if this comes back outside of two ATRs, then I'll exit the trade, right? Because again, if this is truly bullish, it should not come back. The pullback should be shell, right? But I don't trail my stops, you know, just looking at my P&L. We are approaching this level that we just talked about, so I'll probably get out of one. So this is a great, you know, guys that get this, guys and girls that get this book map right away, they start trading off these bubbles, right? The bubbles are just buying and selling market orders, right? They're important, but they're not like tradable importance, in my opinion, in most instances. Where you want to watch the bubbles is important areas. So we know this 40 to 42 area, VWAP in the top of that market profile composite I just showed you, it's important area. So if I see this struggling and I start to see bigger red bubbles come in, I'll get out, right? Because I know this is a predetermined area, I'm going to take profit. But if I see this blue, blue, blue, blue, blue, why do I want to sell if no one else is selling, right? So I'll give this a chance to poke through this area, but if I start seeing some red bubbles, and you don't do this and try to find red bubbles, keep it kind of relative to what you're looking at. And then the other thing too, you want to watch liquidity levels if they struggle, if they struggle to punch through here, right? So that now we have, we know this area is important. It's kind of, it filled this liquidity, it's kind of struggling. So I'm probably going to pop out of these. Give it a second, see what happens, but I'm already getting, cost myself about four points, and I'm going to get out of one there. So we talked about this exact area. I gave it a chance to punch through, couldn't punch through, and struggled at liquidity. Here's the red market sellers, I'm out. Doesn't mean it can't do that, but it could come all the way back on me too. So I'm definitely out of one. I'm going to get out of one of my other account. Now I'm holding another one. Now I'm just letting this go, right? I got out of one. If this comes all the way back, at least I'm going to, you know, will be break even, but I'll lose, the loss won't be substantial. And now I'm looking at these areas to potentially get out of another one. And then I'll let one ride. So this one, this isn't universal for some reason, but you know, the bottom of this market profile composites at right around 3765 ish. So, you know, that's close in this area to this yellow lug. So if this comes up to here and we struggle, I'll get out of another one. All right. And then I'll try to let one not try. I will hold it until we either get to the major lug and or an opposing volume set up. And then I'll just do this all over again the other way. All right. So, but you can see where this is struggling. These are why you want to know these areas, right? So this is a market profile composite, quickly for you newer traders. A composite is just multiple days, value areas of days. So value areas are where 70% of the trade occurred in a day. Right. So these are individual days when the following day is, you know, in general 50% or more of this value area overlaps the prior on margin. What was that working? I guess I just got filled on. I may not want this trade because I think this got an ATR below this zone. This was all pre-market. And again, if this feels like a year ago, I want this trade. I'm going to get out of this. I got to reassess because I think this market punched so this volume event. So my trades are disqualified if the market could punch an ATR below. I think this is an ATR below, but we'll come back and look at that in a second. All right. So this is row one. I'm trying it. What was I just talking about? Oh, market profile composites. All right. So if the days overlapped, I'll merge them. So this day overlapped that day. So I merged that. And you can see the following day that merged or that overlapped. It's about 50% of this day overlapped this day. Merged that. This day, obviously, almost 100% of this day overlapped the prior day. Or most of it anyway. So now you've got like a five-day market profile composite. These are very powerful, right? So the rule of thumb is when markets accept into market profile areas, value areas, composite areas, they get to the other side. So now this is very interesting because this didn't get to the other side. That's an interesting number. Now, if this launches out of here, you're coming up with a story of the bigger picture, like what just happened here. Okay. This should have at least went and tested the bottom here. Didn't. Now it's getting back out of here. This thing may rip. But you can see it's kind of still struggling right here. So this could just many times markets will get inside, they'll retest it, and then they'll go, right? So that's why I wanted to get out of at least one here. But if this can get out of here, then it should rip. So we'll see. Speaking of which, if you guys go to my website, I tell you this all the time, if there's something new on here, all these things are, you get this constant book map, the Apex Trader funding. We're doing this a ton of test trades and I'll go into this later if you guys want. But this is an incredible way not to be risking your own money, especially if you're new or working on stuff. So you got Spot Gamma and then the new one for the hero. If you want to try it, they got a week. And then if you use this code when you sign up, you get an extra week to try out the hero. And that's what I'm looking at here. So you can start to see the tendencies of these markets. This is another reason why I wanted to get long. Or why it just bolstered my case of getting long. The market's kind of caught up to it now. So it looks like it's going to be chop city, but check that out if you want to check out hero. Alright, so I got to change this. If you see this market is struggling at this, I could potentially get out of another one, but I'm just going to hold on to it if it comes all the way back. The ideal thing that will happen here is we'll get a new volume set up and I can trail my stop based on the new setup. I'm surprised there's not been anything, especially with this run up. You figure there'd be some stop runs. But what's important is that this market is struggling. This is a pretty important inflection point right now. This can get out and I think we're coming up at least to this, at least to these areas. If not, it may come all the way back down and right to the bottom there. The other market I was watching and I hopefully didn't miss a chair here, so there's a little bit of a different look, right? So what's not surprising is the market bounced off the blood and it's about 120 points worth right to VWAP struggle. So this is going to be important, right? This market opened up outside of this profile composite. Now it's trying to get back inside. If this can get back inside, you expect the other side. Many times markets will do this, this, and then that. I don't really have anything more on here. Let's see. Should have some composites on here. The problem is when you switch once on zero chart, it takes away all of your composites. So when I went to D7, I think I lost all money. We haven't been down here for a while market-wise. That's the problem. It's been a while since we've been down this low. Long while. Can't be right. I don't know what's wrong with this thing. Let's see. It's got got a question on your trader sink. Is it, do you, is it able to automatically sink or do you do it that way or do you manually import them daily? You got to manually import each day. So you just, you know, at the end of the day, depending on whatever system you're using, you just go in there, just go in here, add trade, bring it to this page. You know, I'm on Pacific time, so I don't convert the times. If you mess with it, if you don't, if you put it, do not convert it, it won't show you what they're about their charts. But then you just pick your file. You know, I've got a couple different amounts I'm using and then you bring in it. Yeah, I'm just going to show you something else. Oh, and then you can, you know, for your trades. I have a, actually I hired our virtual assistant like India or something. He's in here every day starting to catch up with all these trades just because I can't, I just can't keep up with them. But I haven't, I'm tagged by a lot of these trades, like, let's see if we put anything in here. He's going trade by trade and putting in the charts. I need to see. Yeah, so he's already done this one, right? I just got to go in here and put the volume in. This is not what I want to see. He screwed this up. I don't want that like that. But the point is I want to know what the markets obviously look like for this winner, right? And then I got to go back and replay the data. That's the great thing about Bookmap. You can go back and replay the day and see exactly in traded. You can put on trades as well. But I usually put, we'll put that in. I'm just letting him catch it. I'm putting in all this, then I'll go in and I'll add the trades myself. He's actually supposed to be doing the trades too, but I'm a little nervous for him to do that. But it shows you, obviously, the time I uttered, exited, so on and so forth. So, this is the best one I've seen as far as the information and the ease of use and everything else. So, you can get discounts on my website for that as well. All right. So, speaking of which, we're just looking at this, NASAC. This was an important zone. This is where we had a huge gap up that led eventually to that big move down. You can see here, it did take it through a little bit, but it looks like we may do this today and kind of build balance right here. And this is the middle of this huge bar. So many times, I tell my trade room, when you have these directional conviction bars on large volume, market many times will retrace 50% and then go. All right. So, this is that area as well that it's kind of holding. So, this is getting interesting as far as this could start to, you know, be Armageddon to the downside. Spot Gamma actually called this exact thing. It's over the last couple of days he's been talking about, you know, on the regular Spot Gamma, he goes over every day what he's seeing the options complex. It's actually very helpful when he says certain things. You know, you go in here he has every day, but you can go in any of these days he's been talking about. Let's just maybe pull up quickly. This was before the Fed yesterday, right? And watch what he says here. Right here. As discussed yesterday, we continue to believe traders should consider downside insurance via long puts ahead of the 2PM. The threat of potentially heavy downside volatility was reinforced by the 60 handle SPX decline yesterday. But one knows that. So he was basically saying that the puts were cheap, the premium for puts were cheap and, you know, based on what he was seeing with the option complex, there was not a lot of support there if it turned around and that's exactly what happened. So I mean, he's calling for eventually in the next before the next major buy a major event, which is OPEX, November OPEX unless something else happens obviously in the world. But he's calling for, he called, again, he's not looking at this stuff. He's looking at his option stuff. So if you can overlay the options information with your, you know, your analysis of structure and market profiles and lugs and real-time item events, then you have yourself a real edge. But anyway, he's calling for 3,600 and you can see this is he called us to the T. I even told my trade room and I chickened out like a wuss. But I said, the market usually, the initial move is usually wrong and then it goes, you know, multiples the other way. So what you could do is wait for the number to come out, wait for whatever way it goes and then, you know, buy the options the other way. This would have been absolutely perfect. You wait for this pop into this zone on top of it. 3,900, you start loading up on some puts. There's 200 points in your favor and counting. So, you know, everything I use is pretty simplistic, straightforward and that's how I like it. I don't like and I like common sense when I trade and, you know, I'm a volume trader, volume drives markets and I don't care how many price points you have on a chart or what indicator you're using, it doesn't mean anything unless you've got the volume events in those areas. I mean, yeah, they could bounce off areas with algos and so on and so forth but I want to see my important areas backed up by volume events. That is the edge, that is the ultimate edge in my opinion and that's how I trade. All right, so this being tortured market, any questions Bruce, any of that? No, not yet. I think we're looking pretty good here. No, this was beans by the way you want to keep an eye on this this is about to launch I think so. I think we talked about this last week you had a major multi, at least two month balance area there tried to break down built more balance broke out of that and now we're building balance right in the middle of volume node so if it can get through not only breaking out of this one if it gets through that on the fail breakdown you're probably going to see that type of move so it's going to be very interesting and you can see it's kind of just consolidating here the next move out of here you know one, it could just pull back to this like we just talked about markets can pull back to the top of balance and rip volume node and rip that's where we're looking at NES right now I'll go back there or this can just launch from here so very important area in my opinion and beans and I know a lot of you guys don't like looking at other markets but you're doing yourself a disservice because when markets are like they are right now and really nothing's going on nothing's going on across the board right now but a lot of times you'll hear something in grains or you'll hear something in natural gas and it's all the same stuff if you understand the volume events how to draw your zones which is very straightforward and simplistic understand the most important thing is the threshold and you need to know what's a lot of volume market versus not worth trading and that's when my course goes over as well we talk about it every day in my trade room but if you have those factors then you can make intelligent trades with an incredible incredibly powerful edge so what I was showing you guys here why this is potentially again this is a very important area for yes so in the back of my mind I still am remembering the spot amical right but right now this thing needs to get through this high volume note of this balance area you can see this is where it's kind of you know I could see a pullback to these zones so this zone is really important for our support so if we do rip up here I will be watching this area as well this was buying tail that led to that this was I don't know if there's some other stuff over here so I usually try to draw where the first event occurred and you'll be amazed at how many more events happen in that area let's get this but this was at the time gap down directional conviction led to this move came up you can see it kind of struggled and now resistance is now support came down buying tail yesterday hot knife through butter really important so many times when markets rip right through an important area the next time they come up that's a good place to find it so I will be watching closely so this market rips into the zone that's going to be right at the red lug as well pretty close and if I get a volume event I'm going to take it aggressively to the short side because I know how important this is especially that it ripped right through there yesterday so I would keep a close eye on this zone basically 3757 3781 so it's about a 25 point zone remember it's not an exact price it's just an area where the market most likely at least temporarily fail you can see an asset is trying to accept in here actually I I think I missed this trade which is going to be yeah of course I did I was waiting for this and I got off this chart so I was going to go along here and this is this was the volume event here I think no that wasn't it this was it here this sell ice and you got your ATR retest you got within so you got within a couple points in the zone I go 10% of an ATR and I know this was within three points there you go there you go I was going to go long and I just wasn't on the screen this is the one bad thing about doing these webinars I'm on one screen so I miss a lot of stuff right so that was a I don't see any other volume events so that was definitely along there I missed that one but I mean I'm long yes but it's good to get loaded up on both both of them they're both looking so that so I had that factor and then real-time volume showed me a long setup was showing long right and now we're getting back into here so that can hold expect the other side that's that so you can see here too with this edge right so you see this rally where I was talking about and that was another factor that I liked in that long at the time this thing was oversold so this is a 67% line you can see all these stocks this is just showing you how many are above or below they're 5 minute TAS boxes this is a TAS indicator this doesn't available to the public right now I don't know why but it's not but anyway many market TAS 5 minute boxes are just many market profiles so it was telling you at the time 70-80% of the stocks were above their 5 minute market profiles and many times you get these reversing now goes that snap it back so you can see we did this and then we did that and then the market rallied so that was a good place if anything you know we use this in the room not to be initiating so if I look over here and I see this red as above the 67% or more of their stocks or below their 5 minute TAS boxes I'll show you that here in a second then I'm not initiating shorts right so it at least keeps you out of potential losing trades and if you initiate a short down there at the low you're taking it on the chin right that's just another factor I know it seems like I have a lot that I'm looking at it's really not right and you just got to bring everything in the context with your trades and the more you can have lined up in your favor the more you can trade and talk about all the bigger size I mean talk about not risking more than you know 2 to 1.5 to 2% of your account size every day or any day any given day that doesn't mean on individual trade you can't put on more size I tell you guys all the time when I got back in the business I was training with SMB futures or not futures that SMB to trade stocks and they literally ground their traders and then that's what you know this is again proprietary for my room please don't email me asking for this if you join my room you get this spreadsheet and you can you know this is for a short term now go trade that we're working on it's been pretty incredible and then you have your position trading but this is all factored in where you can put in your account size max max loss an individual trade and tells you how much you be risking and that's where you get your size right so if a trade came in right now you could put on two as that right so that's what's great about this you know if you want to risk 4% on this trade right so you just change this say this is an actually it was nice to A plus setup I should have put more on here so obviously you know if I risk that then I've got one ball left if I lose on this trade I'm willing because like I said the most you should be risking in a day is about 6% of your account size no more than that you got traders out so anyway if I got 6% that I could lose in a day well if it's a great trade yeah go for it you can even put in 6% if you want but if you lose you're done for the day so you gotta make that decision on your own obviously but if I put on 4% I could have put on 5.5 4.50 5.55 MES or round up to 6 right see how that works this is how you're basing your size not looking at points and still trading a 10 lot is nothing but you can't be putting on 10 lots when the volatility the ATR is extended because you're gonna blow out speaking of which this is increased so it doesn't matter how I'm in the trade but it won't matter if a new buy-in set up occurs so let's see if we can get this thing rolling at least to the yellow load didn't this that Nasdaq trade this one is gonna leave a mark so let's just look where I would remember this was talking you saw me I put the zone top and bottom in I put the ATR at the time so I should have been in at 10801 10802 and this hurts this hurts so you can see here this was definitely an ATR here's your retest here's your failure should have been long right there stop goes below here and what would I have avoided how many guys would have got in here and said this trade on whoever was like trying to trade with me which isn't recommended you got to learn this stuff yourself but if you put this on and you had this you're either on a pullback you're like oh I'm out I'm gonna take my profit or if it came back you're like I can't take that loss I'm out right here well this is just Algos messing with you taking all the retail traders money that's why I put my stop all the way below that volume of it and guess what then look what happens and right now you're kicking yourself draining from these webinars don't get Algo make the Algos push this market through important areas market doesn't care about what you want to make or lose it cares about volume events and volatility so this is now 75 points and counting that I've missed there's usually one a day especially when I'm on these webinars so so I'm gonna back to this let's see what the load is so I would definitely if I eyeballing this 8875 area which is also pretty kind of through it but this is an important point of control so all point of control is where the most trade occurred in a value in a value area and you can see this is where this price traded the most that's important so it's an area where I would probably get out especially when it's confluent with something but I guess let's concentrate on the trade that I do have on focusing on the good things so you can also see this CVD and you can get this in book map too this is just cumulative volume delta just showing you who the aggressor is right so that means just so move up is the cumulative volume is agreeing with the move up meaning they're taking the aggressor is guys taking the bit in the order book right that's all this is showing you who the aggressor is right so on this move up taking yes I'm a crew 2 second aggressor is buying buying buying buying it's you know again this isn't right like green light either you can get burned on divergences 153 contracts and we got some stuff firing up but you can't watch this thing so for us to say this happens right now so we get up here you can see this is moving up moving up then we have a pullback the algo and then this comes back to a higher high and then CVD is like this well that's a diversion she probably want to be aware that somebody is selling it now right so the buyers aren't as prevalent but right now there's no worries am I from this standpoint they're buying it with the market sellers are not coming and being aggressive is what all this is telling you right there anything you want to notice is this is launching out here which is a good thing for the long let's go in so if I were a long NASDAQ not that I'm dwelling but I am I would now this is what I'm waiting this is what I'm waiting for in ES to happen there's going to be a volume of it right all the area again go to your cursor the keys for this that I'll show you guys how to do that too it's very helpful so you guys have to torture by me drawing zones the old way where I would go in here edit color there's still no keys for colors but they're working on it so you want to go or this area spiked right here you want to incorporate all the prices that happen to spike so it did spike right here but you can see the market did come down a little lower and what I'm also doing now is take the bubbles away because I was not and I put this last trade of price line on the chart too so just go in here you want to select last price draw the exact area so you can see the price was right there draw your right on there draw your horizontal line so that's my current zone so if I was long this market this is what I'm waiting for to get in the S I could then trail my stop in ATR just outside in ATR we go 10% of an ATR outside of an ATR outside of the top of this bottom of the zone so this bottom of the zone is 871 actually let's just put this in the spreadsheet to make it easier but what's important is ATR as you can see in the middle of the chart there 35.49 so I'll show you exactly where I would have been out of this trade and we're going to potentially trade this to the short side too so let's put in our zone what I was and 871 it's the bottom of the zone the zone is 79.75 87.75 put in our current ATR again it's 30 35.70 it just makes life so much easier in this spreadsheet I used to watch my webinar in the past I've done this all by hand and eyeballing it so this is what you make way more accurate alright so what this is showing you if I want to go short aggressively out of that zone I'd be shorting at 32 8 half but this is also telling me if I was long that's where I would get out you know if I did get long that setup like I'm complaining about I would be out at 831 half alright so just to go over this again I didn't put this one on but I would have been long talked about the long my stop would have been 110% of an ATR below the zone well now that you have a new setup I can now trail my stop at 31 and guarantee myself some profit so you see I'm trailing my stop based on something the market is telling me not because I want to say this was one of my favorite which I would have again 60 points of profit right now not because I want to just save my money I'm trailing my stop based on a volume of that and that's actually what I'm waiting for here in ES if I can get something like that I can then take this stop and move it up but what I will do here when I was telling you guys if the market got two ATRs above my entry which it did alright this is 25 points in my favor alright no 25 points in my favor so from this high tick I'm going to trail my stop two ATRs just outside two ATRs so I don't let this come all the way back on me and I'm using I'm using I'm being rational about it I'm not just trailing it to trail it I'm saying okay well if this market is going to continue higher this should not pull back more than two ATRs five minute ATRs so the higher that move 50-50 this one isn't actually not built into the spreadsheet but just eyeball it alright ATR is 8.54 you can see it right there so two ATRs is basically 17 I'm going to go 10% more let's say 2 points so if this comes back 19 points from 50-50 I'm going to be out of the trail so that's 31-50 alright so at least I will guarantee myself that I'm scratching this trade but I have a really you have to do this consistently you can't do it sparingly right once in a while so I will now actually we'll just do this turn on my stop take it from here bring it up here this can push back more than two ATRs I don't want part of this trade anymore right that's that's my safety valve valve to get out of this trade right and basically I'll be making about 10 points overall in the last two now what I'm going to be waiting for is an important area aka yellow lug the first one to get out of one more if it struggles up here which it's almost here remember I want to see it struggle if it just comes right through and rips through I'm not getting out and then my ultimate objective is red luck and or a new volume setup that's bearish right that's how I'll get out of this trade but again this area is going to be really important so I will definitely look to get out of another one if we get up there which we're pretty close any questions on any of that Bruce it's all clear as day just such a great educator pretty much that's it it really I mean if you're just if you're new to these webinars it may seem especially you guys got to remember I'm trading live I'm not trading at the after the fact so it's it's probably hard to keep up with but it slows down especially when you understand the zones how to draw the zones so on and so forth how the markets react to them using the ATR you know it's a system it's an edge and it's from watching thousands of these so the point is like for instance I had a guy just the other day it's probably on this webinar he contacted me I mean I'll read you I'm not going to say who it is but I'll read you it's it's stating to me I didn't understand this is the exact statement I just got to struggle with the new SI indicator on book map so again this could go for anybody who's struggling now for a few weeks honestly I was doing better before and have somehow only made my trading more confusing but I'm on a quest to make my trading take my trade in the next level and I like the idea behind stops and icebergs I found that you are either the pioneer of the indicator or know it really well I have faith that I can learn it as I never give up I just need some guidance and I'll approach it more efficiently with my other suggestions I'd be much appreciative well that's the whole point of these webinars of my trade room of my trade course right so the idea is you don't have to learn this on your own and spend hundreds of hours and watching thousands of setups to determine the best way to trade these things that's why I have a room that's why you guys get on these webinars so you can bypass you know potentially years of a learning curve and take my system trade it like I do at first and as you get better at it then you can tweak it to your own liking but I literally said to the guy I'm confused by your message this is my exact response hi I'm confused by the message have you been a member of my room meaning have you been in my room and you're still confused and then it's fine it's like okay well let's figure out what you're not understanding I said have you been a member of my room or gotten the SI indicator course where did you go and he's trying to learn as he go and no wonder he's confused because he doesn't know what he's looking at yet right and there's nothing wrong with that anybody who gets this is going to be like wait what I'm going on a tangent here but the point is yeah it's going to seem like I'm going by you don't know what you're looking at and everything is so fast and so on and so forth but you know this is what these webinars are for to teach you how I use this so you don't have to go through in my trade room again you don't have to go and it's like you're not you're not implementing anything that I teach so of course you're going to struggle at first not that I'm some credible expert but I have I have watched thousands of these so you may want to heed my advice and the best way to trade them and like I said as you get better at them then you can incorporate your own you know you talk about it every week this is the science there is no disputing this was a hundred and sixty stop run there's no disputing and as you understand I'm going to get better at them then you can trade them any way you want but that's that's what I'm that's what I try to get through to you guys every week you know but when you first get it hell yeah you're going to get confused you don't know you have no idea what you're looking at it goes for anything that you start trying to trade with right so if you're on here you didn't really understand that I was confused and then you were seeing you were in my room and you're still going to be confused if you don't know what you're looking at all right eighty eighty sixty eight seventy four is this crewed set up that's their zone TR is currently again this is just the five minute default fourteen wilders ATR and thicker swim you can see the ATR in the middle there point two nine seven it's basically saying it's almost thirty ticks is the normal ATR range this gives me mine this is for what you were doing in my room and this is the position trading so if I want to go short say if I want to go short aggressively I'd be getting in at eighty eighty seventy one no that's not right hold on definitely not right let's see here something's something is off here no this is why because I put my ATR at two ticks versus twenty nine and usually something's wrong it's because of me it's not because I learned that quickly it's not because of this spreadsheet it's because of user error here we go now if I want to go short based on this current ATR I would go short at eighty forty one then I would stop out at eighty nine nineteen I'd be risking seventy seven ticks such based on this account size this risk I can put on four contracts got it I don't care if this ATR OPEX comes out and this ATR turns out to be ninety ninety six doesn't matter it's still all you're changing now I'm risking two hundred twenty three point potential ticks doesn't matter just change your size right doesn't matter what you're risking you have to adjust your size based on your and then your consistent right that's the key most traders do not and if I am trading normal size say I was trading a four lot with the ATR as ninety I have a very very high percentage chance of blowing out my account let's look at where we're at in crude I don't want to miss this exit in yes we're watching we're right here I'll come back to crude in a second so this is the area that I was watching to potentially get out of this one so we're going to give it a chance to push through here but you see where we're at first of all you got your old lug you got baby lug you got daily value area high which is just one standard deviation of VWAP this is where a lot of these algos kick in right so what you want to you always want to be aware of these areas where the algos could turn around and give you the finger which they do nonstop it's why they're around because they take your money all day long now first to push push through important areas I would want to see high relative volume for this type here does this look like high relative volume no it can't even get to a hundred percent which is normal so do you think the market could push through important areas where the algos don't snap it back if there's no big money usually so I'm very cognizant of the fact of that I'm just going to hop out of this one here I got close enough I should have been in and up here or out up here this was right around 53 that was close enough for me I bailed out of that last one just because I'm looking at this volume it's not that impressive and this is close enough you can see where it ticked off of that algode right here so that was close now I could have tried this out a couple of times I still have one on but this is enough for me to see again it's an area guys it's not exact price right I just get a kick out of these people on Twitter and these trade rooms that give you exact prices for things it's like it's just this not how trading is it's an area right so you know if I was waiting for exactly 37, 59, 75 I may cost myself a complete pullback on this trade so I'm willing to pop out of there especially when I saw that relative volume over here kind of sissy on it but that's fine I still got one on so we'll see if it can now I'm going to hold this regardless I'm either going to let this come back to remember I'm going just outside 2 ATRs so this got up to 53 and a half he said 2 ATRs was about 19 points so that's above 30 53 about 34 so first of all let's make this one let's move this up now 2 ATRs I don't want part of it anymore anyway if this market is going to stay strong truly stay strong pullback should be shallow it's going to pull back most of the time this is called Algoville but there's something going on this is showing you can pull back more than 2 ATRs in my opinion right so either I stop out of this last one or I wait for head lug or opposing volume of that since I have my last contract that's what I do so I'll just let that go we can trade this potentially remember we were saying 31 was the price so I could I don't know what this is here this was obviously a pre-market so now I'm watching this closely so first of all if I was along this remember we said I'd stop out at 31 I missed the trade so it doesn't matter but if this does get an ATR if this retest this fails then I'm going short right so the volume of that let's check I know my areas and I know I know which way I'm leaning as far as my thesis but I let the real-time volume determine the end of the day it's the real-time volume that helps determine what just happened there we bounced off the yellow lug so I remember I said I would have been out of one there well there's a reason yellow lug prior blue this is a very important area in the lug lug land lug weed land we call them lugs so I don't say lug lug levels 85 times those go to our website lugwithlevels.com just got a three-day trial so you saw it on book map you get special pricing but these are important levels for a reason and that's why I would have felt it was long I want to get out of one so anyway now I think 31 is your price do we say we're a full ATR out of there we'll come back to career in a second let's make sure this ATR is correct it's still 35-32 so that's close enough this is the price this price is a full ATR it's 110% of an ATR below the zone that's the full ATR below the zone I don't want to confuse you guys but that is the exact ATR below the zone would be 35 35 half and it's not a coincidence this market just touched it and it's bouncing off of it these algos know where these volume events are these algos love to snap them back when it gets ATR out of there right so this is a full ATR this is my qualification for short Bruce would I take a long off of this setup now so say this market did this and came up here would I take that long Matt why not sure oh f they've only been on 400 webinars so I mean I can answer that I'm sorry I wasn't I wasn't even paying attention but we do have some questions for you when you have okay so I would not take this long now off of this volume event because this was able to push an ATR below the zone now I'm just looking for a short you could and I do this I did do this often I'm being a little more doing a little more sparingly but you could just get in say this is an incredible zone a resistant zone the minute this gets just outside an ATR outside of here then you can short aggressively in that way Matt always going to get retest most of the time in my studies this is just my personal view of what I've watched you're going to get a retest of this zone 70 to 80% of the time right it could go 5 ATRs but it's going to come back here this is barring something new I'd say 78% of the time so the point is I'm trying to be conservative and I'll wait for that there is a chance that I just missed this trade to the short side I'm willing to risk that if it's not an area that I love this is not an area that I love where I want to be aggressively short we just talked about this first and foremost the market profile or actually I mean it's close but this is except the back in here so if I were to enter that I still would have been inside this I don't why do I want to be aggressive I mean this should hold this but say like I got a set up here and it moved out of here well yeah I might want to be aggressive then I didn't want to be aggressive there I could have said yeah here's the set up I want to be aggressive at yellow lug maybe either way I still want to see for me this is where a subject and this comes into play right I want to see retest failure is there a chance it doesn't retest absolutely but I've just seen this enough where I want to wait to see that then I'll short it what are the questions Bruce yeah sure so someone is patiently waiting for your quality rant Johnny Scott is the rock star say something stupid say something stupid I'll go on a rant yeah some nice compliments in here and then Ange was asking it's an ATR question but and I know the answer I'll just let you answer it though I like the way you use ATR but how do you calculate your ATR based on your stop-loss not understanding that wait one second let's change this real quick I want to show you guys something I've never seen this routine before so this was this is the zone I just put in a crude I'll come back to that question in a second one ATR would have been at 8847 let's see if that got down there two ticks away so that did not officially get an ATR I mean you can do some subjective judgment here so again this isn't you know that was pretty close and they're way below what do you know you guys ever seen this pattern I just talked about it for the last hour and a half basically so this definitely did not get an ATR so I'll follow my rules because my rules are I mean I know it was only two ticks away but we're using the ATR for a reason and actually the ATR did contract and now it's back up to 27.6 I don't know that's right so it didn't officially get an ATR below that zone so I can't shorter yet so but as I'm telling you this is the pattern so many times the strategy we're working on my room is based on this right so this did this did not get the full ATR yet alright so go well the answer is like you're drawing up your zones you're drawing up your volume event from stops in icebergs that's the critical area now you're looking for an ATR above or below the zones the start loss is then you know based off of not the entry point but like you know the zones there right so yeah so you know if I so say this did this this this I'm in right so my stops going to go 110% an ATR outside of the volume event right you could so like what I just did with the yes and it's probably going to stop me out you could say you know so say say you shorted aggressively we were talking about you could start to say okay I'm going to trail my stop to ATRs from the lowest point I let this thing get at least a couple ATRs in my favor then I'll do that I won't do because then you're just you're basically just setting yourself up for a snapback right so I will wait to this market gets at least a couple ATRs then I'll start considering trailing my stop based on ATR other than that like I said most of the time this market will back and test test this zone right so I'm not I'm not just right off the bat saying two ATRs from every price right whatever the low price is I'm not saying okay two ATRs is right here okay two ATRs right I'm not doing that yet I will wait until this gets at least outside of two ATRs from my from my entry on top of it so my entry would have been not from the zone so my entry would have been at 31 or what do we say 35 right so now if I get two ATRs from that point then I can trail my stop so say it goes all the way down at 10,750 then I can trail my stop two ATRs from there but I don't do it two ATRs from there because I know the market will tend to do that this can push all the way down two ATRs from my entry well then I don't need to let this come back all the way it's like three ATRs I don't need to let this come back three ATRs and then two ATRs above my zone what I'm saying is that this market is truly bearish it should not come back more than two ATRs from my entry once it starts rolling down and again I let this go at least two ATRs from here then I'll start trailing my stop that's not confusing that's something newer I've added as well I used to just because you usually have this thing move down this is ideal and we still haven't had it in the yes get your new event and you try to stop one ATR based on the new event but there's going to be times and I told you it's been happening it's been happening a lot where this thing just keeps going down down down down there's no new event say don't hit a major lug I still have one left well I don't need to let this thing come all the way I'll add in that one last factor for my last if I have one left I'll use that to get out trailing two ATR let's say 110% of two ATR stop other than that I'm looking for new events and or major levels hopefully that makes sense yeah yeah I mean if I was long and it's doing this and I'm waiting for this I can't you're usually going to get a new event I can't let this come all the way back you should because it's truly bear bullish this should not come back more than two ATRs so that's when I'll finally get out hopefully that's not confusing so that what is an example here is I didn't take this short aggressively and it may not retest and I'm going to miss the trade but I was okay with that because this was not an area that I was had strong conviction like it's short right here where would be an area like that this would say this would have popped up to this zone and I would have considered it this zone we talked about this zone earlier directional conviction buying tail ripped right through yesterday there I would if I get the volume of that there I'll go short aggressively see what I'm saying but where we were you know market profile wise chart wise I was not this was not like I need to be I have to be short so that's why I was waiting for a retest don't might get it but it just hasn't happened yet probably about to get stopped out of this yes trade but you know if I do it's fine still a decent profit out of the next trade and one more question Scott about related to market profile and the initial balance do you put that kind of time period or that kind of strategy within your trading I do not I don't use the volume the volume profile initial balance you know I use enough volume on my trading I love the the TPO is the time price opportunities that's what these are based off of these are just every half hour it draws a new one right our new point I don't use the initial balance stuff I got enough going on but yeah you can use the volume profile there's a lot of you know they claim to be I've looked at it and I just I like the time based market profile better but yeah you could I'm not saying what you're using is incorrect what I'm saying is you can enhance whatever you're using by understanding the real-time I'm not telling you to to stop trading this would be really sweet if I got stuffed out to the tick that would never happen what I'm telling you if you have certain areas that you like your initial balance area right this may be the point of control or whatever you're looking initial balance yeah that's great but what's even greater is if you get a volume event in your area and you know how to trade that area right so I don't care what you're using Fibonacci at the RSI moving average moving average cross the 5,000 indicators that confuse most traders and cause most traders out there you can enhance whatever you're using by waiting for volume events or you can use the lugs too on their own but I wait for even the major lugs I use the volume events at the lugs too but that's a perfect example right these things are incredibly powerful as we've seen but I don't trade them naked I don't just say trading naked I mean I'm saying I don't trade naked either usually but what I'm saying is I don't just blindly buy the blue lug yes a lot of people do like this one would have worked perfectly I need to see a volume event actually I think there was one down here and I think about it but I need to see volume but here's a perfect example of you know I use these but they way way way better when you can add a real-time volume event in your important areas you know and she understands that too Pamela Ludwig she's in my trade room so she's in there always you know learning traders and switching answers questions too but she's learning the book map as well because she knows she can make these even more powerful understanding what really drives markets is the volume and if you can get the volume setups in your favor at important areas that you love get your edge and I don't care what you're using you can use market profile you can use volume profile whatever if you can wait for your areas get your volume event it's go time and edge this really now you guys know why I'm crazy right now you know why I'm crazy it's an exact tick but it was very damn close and then just rips right back up and I'm you know it's fine it's like that's what I I determined actually I didn't get the exact price this is where I might have made the mistake but I said I'm going to go to ATR just outside to ATRs from the top of that it should not pull that far back this may not have been the exact price I don't even want to look at it now because it doesn't matter but it sucks but you know this is this is one of the reasons I actually don't like trailing my stops unless there's a volume of that because you just get algo this is just algo's plan with your head and your money and when you look at this volume this is why it's happening volume or the algo's know when there's a volume of that it sucks you guys don't think that's what's happening then you're in the wrong business why do you think who do you think funds these algo's you retail trader that you know they know retail traders trail their stops I had a legitimate reason for trailing that not that because I didn't want to give back a lot of money but most they know most traders trail their stops they're going to move it all the way down there stop you all out and then we're going to go all day every day if you understand that you don't get frustrated granted it's not easy to watch if you're human but you just you expect it you know what I'm saying so my point is I was okay for this last one but it just stops away from the volume of funds and or extreme ATR this wasn't extreme ATR again I didn't stay with stopping out of that that in my opinion this market like I said earlier if this market's truly bullish it should not pull pullback should be shell yeah it's going to allow you but it shouldn't be pulling back two plus ATRs that just means something maybe up here that's pretty mild rant there but what I am waiting for here if nothing else happens actually this was like to be consistent with my colors actually this is size here I am still waiting nothing else comes in here this comes all the way back which is very likely could test fails then I'll go short the other market we had the event volume event in was brewed so like we said this did not get a full ATR below here we said 47 so I missed a couple ticks again you could say hey that's good enough for me but my rules are full ATR at the time right technically let's see if this came down here again I want to keep an eye on this ATR especially if you're trading you know my trade room if you're trading the shorter term we're doing the although the other strategy you've got to keep an eye on this ATR let's see if it's dissipating it's down to 26.2 so let's put that in and see if we could see if this is an official retest failure here it just moved up one tick I was still in there I got it within one tick so my point is if this came down here again like this it got to 48 did that then did that I'll take that trade right at the time when the ATR was 27.5 this was an official ATR it never got there there's your retest not taking that trade yet because this was not official ATR but now the ATR is contracted if this were to get down to 48 and do that then I'll take the trade so I will that doesn't have a very often usually it'll just be right away but you can see look where this market is it's respecting this isn't coincidental right one traders that this was a stop by stop run right so there were invested traders in here so yeah there was by stops usually it's not initiation but there you know sometimes there's guys initiating with the stop run as well actually I don't know why my sweeps indicator is not this is another way you can see where guys are and maybe that's why so one thing I don't like that they got a change is seeing is like set on my ES so when you set up a new product like I switched months it reversed to ES and then all my settings are on ES so there you go see the difference now I put in 100 there's the sweeps what is this telling me the market swept so all stops are sweeps this is part of global plus highly recommended all stops are sweeps but not all sweeps are stops see what I'm saying so you can get like for instance here is a sweep there wasn't a stop run that was 134 I wouldn't pay attention to that but the point is that wasn't a stop run so all stops are sweeps because they have to be they have to sweep the book for guys getting out of trades but not all sweeps are stops hopefully that makes sense but anyway my point is in this area yeah you had 160 stops you had another there was a total of 400 sweeps between these two so that means that these are traders that are jumping in on top of the stop run stop runs are usually guys puking right yeah you could stop into trades but for the most part they're guys puking so 160 were guys puking well that leaves another 240 that someone will sweep in the order book that tells me this area is important so whoever jumped in and bought these thought they had this market like yeah this thing is going to rip they're like oh wait no no oh no please don't do that then what happens this is not coincidental guys this is why this is the most important information you can have whoever was aggressive here they're like yeah oh no oh crap please come back so I can get out let me get out of some there oh let me get out of some there that's what markets are just imagine you're the big trader that swept 200 here and you think you got it and then you're holding on you're like oh god please come back so I can get out of my trade that's what that that's what's occurring I know it's simplistic but trust me that's what's occurring and you know my story gets lost nowadays and as I know I talk about it all the time just you know again it's not glory days and I'm not bragging anymore my method of trading worked for a period of time but what I did see are you know I had thousands and thousands of thousands of hours of watching order flow so that's what these setups are based on that's what these setups are based off of my experience of watching order flow right millions and millions and millions of contracts so the point is all my setups are based on how I used to react as a big trader how other people used to react when they would get loaded up and back then like I've told you many times you can see counterparties you can see the other guy you were trading against who it was was in a local meaning like just a trader that trades for himself or for a firm or was it the big money like a fund you can see all that you can see the the code number like for instance ours was 023 King Street trading was 023 Gelber who was my nemesis was 990 right so I would see when I put on a trade you can see I had a little box right here shockingly they did away with this because I guess people were complaining obviously I would trade a hunter lot and I would look over and I can see all of them were 990 and you can imagine when you do this day in day out every day it's like a poker game right so you can start to see how guys would react I'd say I'd jump up and buy another thousand I'd look over 990 I'm like okay this clown's now loaded up with 1100 contracts I'm gonna buy another thousand from him 990 you can see every day and then it just turns into like a poker game I would know okay 990 yeah there's different traders the firm but they had one big trader there I'm not gonna go into that you guys are gonna reel around I'll lose my mind but say I'd buy like 2000 contracts they all be like okay he's loaded up I bought him he's short if I can push this thing in his face a little bit he's gonna puke okay it was like a poker game but the point is all my all these setups are based on how I used to react how these clowns used to react these market manipulating clowns don't get me started that's what this stuff is based off guys that's not hypothetical so the point is the guys that swept this I'm wrong please get me out I'm wrong please get me out and that's why the markets stall at these areas that's the whole idea behind test failure simplistic that's what's going on in here in any market alright now at least I don't but I'm sorry no, no you very nicely mild rants in here very civilized it's been very civilized today but trust me you do not get me going on on a rant I don't know some people are looking for it here so like I said when I eventually finished this course it's almost done my new exciting to kid course I'm going to have an event in here I think he said Bruce and I'm going to show video of my scalping days and it's not going to be for kids it's there's a lot of talking and it's me talking to myself and screaming and swearing but it's anything it's going to be entertaining and you guys can see exactly what I'm talking about the reason I used to video it because I wanted to see I literally had the video video camera over my shoulder to see where I would make mistakes but then I also had the counterparty showing so you'll be able to see exactly what I'm talking about when I do this when we do the event you're going to see me like buy a thousand and you're going to see they're all 990 and then you'll hear me swearing that the guy's manipulating and you'll hear it the point is you can see it's going to be tremendous you guys will love it yeah, yeah we're looking forward to that Scott and doing that event with you as soon as you're finished with your course just let us know let us know in here hopefully soon as you can see here this is the other product I use this Tick Strike so this is this is very important too it gets really really annoying obviously you can imagine there's nothing worse than watching your positions go against you and then listening to them but this is very important because you know say I didn't have this up up here but this is another factor remember I was showing that important area that's why I got another second one up there well if you come up there and you don't see any of these stocks these are just meters they go from 1 to 15 or algo that shows the size size of the order and the speed of the order and they put it into an algo so it goes from 1 to 15 you can see right here so I have these all 7 to 11 so I just want to know when they're serious buying or selling going on but it's pretty it would probably be who you to understand what these stocks are doing that drive the indices if you come up to an area you're contemplating besides the reasons we've talked about today like you know seeing the bubbles come in well if you come up to an important area and you hear nothing that is telling you something is not right I mean you should be hearing crazy buying through an area there's a very good chance it's going to fail so this is another thing I use in my trading to help me judge granted it tortures me but it helps me judge what's going on so but this is a perfect example like I said the point to hear was just outside 2 ATRs well in my opinion this market should not be pulling that far back if this is truly bullish and how you can see now they're starting to label these things right so let's just take a quick look overall nothing's really happening in here as far as setups but before we hop off let's just try to get some context going forward to the afternoon what could be going on here right so here we are making another I mean look how well look at these logs it's just they're just silliness right solid blue it's off the yellow so now if this comes down I'm watching that this is Nasdaq what story are you coming up first and foremost with your market profile well we opened up this is why I was potentially wanting to be bullish right when we missed that bullish trade I definitely would have been a winner but I missed it anyway opened up got inside here what do you expect when the market gets inside a market profile composite gets to the other side did it get to the other side not so much just fail back out of here that's very very important information now you want to watch if you have lugs if it gets down to here and you see relative volume increasing which we've shown multiple times you want to be very careful trying to buy the lug at that point right so this isn't terrible it's not great but as we get to this lug keep an eye on that because we already know the story with the market profile and this should help it did not right they're also starting to hit so the sellers are taking bids that's something you want to know yes so I've placed Scott's contact information and course and trading room website et cetera it's all in the chat there you'll see in both YouTube and Discord there the advanced webinar yeah so I was showing you the guy I was talking about the guy that said he didn't know what he was doing and he was like I've watched some of your webinars and then he said at the end I didn't know you had a trade room it's like well we go over it every webinar I have a trade room go to my website the trade rooms on there just one more time here it is here's all the stuff live trade room here's your options click on that scroll down just a little bit this takes a little effort you got monthly, quarterly, yearly it's cheaper as you go further out and there's the store with the courses so this NQ order flow course I've gotten rave reviews I have one guy the other day email me he's actually been talking on and on with him for over a year and he's like I didn't like this course it wasn't up to what I think you would endorse so on and so forth this course was done by my old partner he moved back to Italy but he was an expert at trading NQ so I have this course on here just to show a different view and this was before the SI indicator as well but he would trade there's certain levels that work all the time in NASDAQ they have a lot of NASDAQ has a lot of new secrecy so he was an expert at trading it so I thought it would be good to have a different view on the markets and that's what this course is I've gotten this is literally the first guy that I've ever complained about I've sold many many of these so and then these other two this is his other one he would use this to help him scout this was before an SI indicator and then this is mine for stocks I would use this this was my main playbook for stocks so anyway and then there's the SI indicator course so that's that and then I do the mentoring one-on-one you can get in my trade room and learn or if you want one-on-one you know if you do multiple hours I'll give you discounts for that too and then the only other stuff on here is all this stuff you get discounts for so use this use these for your save some money use for your trading I was going to say something else too why don't I go on that right oh and then just take one more look at ES so this was actually a profile I don't know I just deleted I messed up the zone let's put this back man this is one of the reasons I wanted to be long and then it failed right so you guys in trading you have to be ready to pivot right where I was all for this long yeah yeah we got this we got up to this area remember I got another one and I'm like okay and I said this shouldn't be pulling back two ATRs got it the last one well what else shouldn't have done should not have failed back into this into this composite things should have gone here this is telling you something maybe changing we've got to be ready to pivot so I was I was going along we looked at remember beginning the webinar spot game everything was saying long well something's changing now I'm ready to pivot now I'm potentially looking this is still SPX is still looking a little push on the options but the rest of these are basically just riding but I'm ready to pivot does that mean I just jump in a short oh if you don't have the real-time volume in the SI indicator setups yeah you're like well first of all if you're long it's back in your amount okay now I'm going to go short well there's a chance it does this right so what am I doing I know my areas I know what's important but now I need to see a real-time volume event to trade in that direction so for instance this is an example when we're talking about being aggressive with your trades well if I get SI indicator event right here right now and it moves away I could possibly be aggressive based on what this is telling me what happened today right so it's like this should not got it back in this market profile composite you could be aggressive this is what I'm saying this is the subjectiveness of this where no matter what you're using this could be a volume profile it could be back under the balance of the day whatever you guys are looking at well you come up with your story and then when you get your volume event it's go time right other than that I'm not jumping in this trade because nothing is happening so I don't want to be algoed so I'm waiting for algoed disruption which is a big event it disrupts their game of taking your money so sit patiently like a sniper getting to blow someone's head off and wait for your setup and then trade your setup that's all I do all day long that's the edge guys I don't know it's the strongest edge I've ever seen in futures trading the icebergs and stop runs and then you add this stuff in whatever you're looking at and you got yourself a trade plan alright I'm out of juice these markets are looking like not good after what just occurred again nothing's come in yet so this could just be algo messing with everybody but if I had to make a call right now I would say one of these by the end of the day I still have to see a go time volume event SA indicator event to trade in that direction that's my call alright and then crude is basically just bouncing around this zone here's another sweep another example all sweeps or stops but not all I mean all stops are sweeps but not all sweeps or stops there's a little stop on here but this is mostly more traders are sweeping the order book let's see if they win this time I never got in this trade even if this did get an ATR it never failed out of here right so this is the risk you take because you get it all the time why don't you just enter in the zone because I've watched I used to right I used to get even in my course I talk about getting in like right when I break south of the zone but I've adapted over over the years say okay this is what has to happen for me to be willing to short this I just don't hop in in the middle of the zone because you don't know which way it's going to break let it show you then you get in so that's the strategies alright Bruce yeah yeah thanks Scott so just a few other other notes in here for everybody so yeah look for Scott to come out with that course new course and the updates there and then we'll do an event with a special event with Scott and he'll share some of that rated R content it might be it might be an NR rated or it could even act actually I don't think anything happens but the other few things number one if you guys you know are new in here then maybe you don't know but we've really built out our discord room lately and we have a whole bunch well a few new streamers in there the Algo Boys and options with Doug just to note that Tom B he is in there now you can you can go right over to that one as well after you know Scott ends here just to let you know though Tom will not be there tomorrow okay so he's off Friday but then we have options with Doug later today also there's a if you speak German we have a nice volume profile trader in there Oliver and Sparring he'll go through his way of looking at market profile and order flow setups and book map one more thing and I mentioned this earlier so the web page is up now we're having this competition here it's the and looking for some trader insights here from you guys your screenshots videos other content your trading setups your strategies and there's prizes here to win and you'll be uploaded to the or you can read the details here but you'll be judged and you know have special accesses or not notification that you are a winner and yeah it's something that we're hosting now so it's easy to sign up here's your content sign up in your information in here and that should that should do it so yeah that's it Scott any other things that you wanted to go over not really it's just a good example looking at this chart too and you see how these markets respect these fine events right it's just they're just so important to know and you can come up with strategies where you do take a part of that when it comes back and again this is the art the science the art is how you trade it and you could say let's move away first retest if it moves back out I'm in stuff like that guys this is I'm telling you this is not coincidental what you're watching with these markets bouncing off these areas and traders remember where they're screwed traders pray it comes back get out so that's what you're looking at once you master it then you have the keys of the kingdom and then you start to add this in and get in your important areas and come up with your rules and you have a trading edge this is all I talk about I do this two days a day two days two times a day every day in my trade room so you don't come in there it's pretty inexpensive in my opinion for what you learn but you get to watch me slide like this and learn and ask questions and there's a community and there's a lot of good traders in there that have been in there for a while that can help you as well so if you come in the room the one thing I ask is you participate don't join the room and then be secret squirrel quiet hiding in the corner get in there don't be afraid to ask there are no dumb questions again unless you ask it 50 times get the answer 50 times then it's a dumb question but other than that I don't care what you ask you're going to get an answer if I don't answer it right away if you come in the room well use that as a resource to help you guys become better traders profitable traders but you got just please if you come in the room please participate that's all I ask alright so I got okay excellent thanks so much Scott good webinar and always good stuff you're getting lots of compliments in here in YouTube and in Discord so anyway we'll catch up with you next week then I appreciate it alright thanks guys