 Good morning traders and welcome to the book map live trading webinar today. We have Scott Pulsini He's a futures trader. So he will be taking live positions in here It is in demo paper trading mode. I just so you know and I'll talk more about that in just a minute We've been holding the advanced webinars in here for the last couple of weeks over the holidays And just you know testing some things out and it seems like we're getting a lot of feedback that most of you guys want To look at or access these webinars through discord So yeah, we may we may offer that and Move forward in that in that direction Anyway, these webinars there. It's all about the the education here Not about book map the product It's about understanding how to read it how to learn order flow through it And applying that to the way that you trade to best help you as the user so the We have an educational course We are we also have The live advanced webinars that go through live for looking analysis So we read the Current market and and then we give the insight to where we think price will move next So that you can apply what you've learned from the course you can ask questions It should be a pretty good roadmap to get you up and running about how to learn to read order flow and Integrate it within your trading and then we have Two days a week. We have two different traders J trader a stocks trader on Wednesday And Scott Palsini a futures trader on Thursday To listen to their strategies their ways of reading the order flow their ways of trading and trade management Their outlooks on the market etc. So it should be a pretty robust education that you're getting from book map here and To help you become a better trader. This is the goal. All right, so let's See if Scott's in here Scott. Are you in here already or not? I do not see you There you are me. Okay. Okay. So yeah, sorry just double-checking here and I'll You'll start streaming in just a second here Let me just go through the disclosures and the information here as well You guys know who Scott is he's been quite quite a nice story in here You can you can read about him also on the web Here is his contact information if you have Specific questions about his trading strategies his ways of trading you want to reach out to him. He also offers Mentorship services as well as a trade copier. He has a trading room and discord as well So I'm gonna put all of this into the chat for you guys So that you guys can Reach out to him directly. Okay Let's go through the disclosures and then turn it right over to Scott general disclosure All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading Executed in simulation cannot accurately represent realistic trading performance All right risk disclosure trading futures equities and digital currencies involves substantial risk of loss And it's 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 So just understand what you're getting involved in here and what this is all about it is for educational purposes only you would be foolish or I think it is foolish to just nonchalantly jump into trades based on the activity of the trader here, so It's to learn why they're getting involved in these trades. What are their setups? What are they looking at? Take a step back and and look at the kind of bigger picture of you know learn From these traders and then go back and study it and then apply it to maybe how you trade See if you get any glean anything of Interest or use that you can then apply within your trading. All right, that's the goal here So Scott once you go ahead. I'll stop I'm Presenting here and then we'll take a look at your streaming Are you there Scott? Yeah, yeah So if you want to if you whenever you're ready Okay, there you go Am I a screen you see crude? Oh? Yeah, one one thing everyone here. I am gonna Also stream Scott's screen here so if You you'll be we can have I think unlimited people in the voice channel here But only 50 people will be able to see the first 50 will be able to see Scott's screen here So don't worry if that's the case. I will also start streaming and you will be able to see Okay, my screen now as well. So you can see under advanced webinar in the voice channel You try to access Scott's but if you can't you can access mine And just click on it and to watch the stream So just wanted to get that across Scott Take it away All right. You got my you got my crude book map, right? Yes, correct How are you feeling by the way Yeah, that's what I was gonna say lots going on the last few days I Obviously I was sick last week and I thought it was the flu for I was literally a pretty much in bed for 14 straight days and then I went to the I Was I tested three different times for COVID negative to at home and then one at the You know at the one on the testing centers and then my wife tested positive lack last Thursday So I tested again and I was positive and I had at the entire time It just wasn't showing up in my opinion because I thought the exact same way all the way through so then I had to go On Sunday, I had to go to the emergency room Where I got diagnosed with a COVID pneumonia so that was that was special So I was real close to be putting on being put on oxygen slash or Ventilator and you go on a ventilator with COVID. It's not that's not a good thing. So My oxygen level was like Borderline keeping me there and then they basically just sent me home and said to monitor it So then I've been monitoring it for the last few days and I think I'm out of the woods But it was pretty hairy there for a few days So I've been doing it, you know my webinars Sporadically in my room just because it's hard for me to talk for now that amount of time So, you know, we'll see how today goes. I should be okay to you know, go in the full hour plus, but If I start to struggle, that's why I'm Got a little hairy there for a while Scott whatever you can do is is greatly appreciated so You know take a rest if you need Whatever but You know go as far as you can or whenever you you start to feel it and you need to to rest Please feel free Okay, I appreciate it. Yeah, I'm should be alright. I mean I got my little oxygen monitor and it's it's better So that should be alright All right, so so it's very volatile obviously Keeping an eye on career right here This this stuff just fired off see down here Get some stop runs and then you can see it also in this the sweep indicator the new sweep into care that it's been very valuable You get that with global plus we've talked about it a few times But what's great about this is so I did get the alert for this the stop run, right? 177 what it did is it basically added these two together So, you know if I wasn't if I was just trading this without seeing the sweeps I probably wouldn't even have drawn the zone because I would have just saw that saw this I'm like at 83 and then another 94, but you can see this was basically one sweep Including that so I did draw the zone so What I'm doing here is I'm just waiting to see This market to move an ATR away from this zone Either way You know if we move 157 contracts go there in a second so ATR is 26 but use the five-minute ATR Of course everything's gonna fire up a one-time now 27 ticks So I'll come back to this this moves 26 7 points or 27 ticks away from the song will decide what to do there But it's just hanging around on the zone More interested in trading equities here. It's very volatile and it's a pretty good opportunity. I Missed it awesome short here. I'll show you it and yes I ran downstairs and missed the retest of this stop run zone and it's I'm already about 20 points in my favor Or would have been 20 points in my favor, but Let's see. So there's really nothing Can't really see anything on the Subchart here as far as to draw a zone in NASDAQ. So I'll come back to here Might as well show you my missed That's a P trade that just fired off here See the stop run look once again these sweeps really should help Accentuate the area, but that was over my threshold for ES stops there's 500 this one was 541 you can see there's another You know that's part of this sweeps but of the sweep move here, but there was 913 total So that means there was another you know close to 400 behind this sweep So this was an important zone and you got your ATR move away. Here's your exact retest And this is actually this is picture perfect for what I look for and I run downstairs I got a glass of water and I missed this trade. So here's your ATR It was about seven points at the time. Here's your retest. Here's your failure You should get in about three quarters of an ATR My stop will go three quarters an ATR above the zone and you can see this is just of course perfect straight down No heat whatsoever That's how it works, but Kind of sucks, but there's another one right around the corner. So that's just it's good for learning purposes again You know what this is one of my five setups This is what they call what I call a stop and hold. So you get just the sell stop run Again, I just showed it and It held and big money came in and continued to push it down. So The other the other stop play I played is a dumb and dumber when you get the stop running There's no foul through and then it just immediately rejects. This one was a stop and hold. So So we will wait for a new setup in here Um Creed still bumps around and so the other market I'm watching here is This is wheat so you can see here there is um Flurry of stop activity you can see again the sweep indicator is incredible. I still haven't had a chance to go back I told you guys last week that you know, these thresholds for the sweeps are going to be different than they sub chart They're just more Uh, I can't really explain it why they would be that much more But they are So I gotta go back and do research on what the threshold should be just first because again, you're not always going to get So all stops are sweeps, but all sweeps aren't stop runs, right? So that's where you know, you'll be able to draw zones just based on this stuff So say this wasn't a stop run, but you see 1200 sweeps Well, you definitely want to draw that zone because someone swiped 1200 contracts and somebody's caught You know, so whoever you have to have buyers to have their sellers There's buyers so somebody in this area is caught so Um, but anyway, this was a stop where there was back-to-back stop runs here if you can see when I expand this Yeah 400 here again. This is the stop sweep was about 580. So a little more But 120 180 more behind it and then yet another one. So I just drew this zone for the whole thing Both stop runs aka in the sweeps Um, and then what I look for is a an atr move away from the zone Which we got So atr is 2.12 2.14 you can make it two and a quarter So the bottom of the zone was 44 50 ish um, we definitely got down to 41 25 so that's over three three cents away And here's your retest. So this is the pattern over and over and over in every market It doesn't matter if you're trading wheat gold crude Doesn't matter any futures market. It's volume runs the show and if you can figure out You know, these are one one of my five setups and then I play it as When we move away we retest and fail. Those are the best best trades It's a conservative way to trade again sometimes Talk about this every week where you'll get your zone and then it'll move away And I'll just keep going and it won't retest and that's happened a lot lately In equities yesterday it happened a ton. I missed a ton of trades. I said, you know I wanted to be short and there's setup after setup and they weren't retesting and I'm sitting here watching a 60 point down move And yes, I don't have anything on That's that's the risk that you take by being a little more conservative waiting for the retest of the zone. So um, you know, again, we Say it every week. This is not up for debate, right? This was huge stop runs in this area That's the science. The art is how you want to trade these zones You may say hey the minute this drops out of the zone A half ATR or whatever you decide on you're getting in right? So that's the stuff that you'll determine once you learn how to play these setups and understand what what you're drawing And what you're looking at Then you can make your own decisions and how you want to play the zone So right now in my room, I'm doing an experiment for the next last It's going to be close to a month. I'll even like taking some days off Um Where I'm taking every trade regardless of where we're at on the chart where we're at on market profile So on and so forth Whenever I see a volume setup as long as it moves an ATR away a retest failure. I'm taking it Um And just to show everybody in my room and you guys that you know, you can't be profitable just trading volume setups That's how when I originally made my millions of dollars all I was doing was sitting here watching this this most Simplistic form of trading just watching the order flow and this is kind of the same Same idea is what I'm trying to display here, but as you get, you know better if you're really a good market analysis You know someone that able to Really read the technical analysis side of things well, then you know, you'll do even better You could you still get your your volume setups, but you may say okay This isn't this is very bearish or this is very bullish and then you can you know trade accordingly But I'm just showing you that you can trade these volume setups on their own in a vacuum and still be profitable And then when you you know apply them into important areas that you deem important, they're even more powerful. So Anyways, um, this is the I got the ATR move away. Here's your retest now. I'm looking for three quarters of an ATR failure Again two point we'll say two point two and a quarter so um Say about what point in a point three quarters Be my entry here. So I'm going to get this setup So 44 42 50 42 75 will be my entry on this short So if I get filled then what I will do is I will put my stop you can go I used to go a full ATR above the zone. I don't think that's completely necessary anymore I think you can go about three quarters and save yourself a point or two But um, so if I get filled on this then my stop's going to go three quarters of an ATR above here And so about a point and three quarters above this zone will put me at 752 three quarters, so we'll just put this in now just because I know I'll get sidetracked Um So that's where my stop will go once I mean I'm putting it in now, but I'm assuming I'm going to get filled on this so Again, this is weak. So we'll see how that pans out Of course I we just got another I just had another opportunity to get short here that yes, and I missed this one too This is the problem with the webinars and I'm on one screen and I'm missing this you can see this came And back and pretty much retested this zone came within Two ticks So I could have shorter this again Now I prefer to see a new setup, but Now I'll miss so many times if you miss, you know, you miss the first trade it'll come back It'll retest it again, and you can do the same pattern Stop closing ATR above there But again, I'm hoping that we get something new so I can actually participate I'm actually surprised in the lack of signals so far in equities. It's for how Volatile it is. You'd think there'd be more fun or not, but so really nothing in uh Nope, there was right here and I missed this as well. I didn't hear this go off Interesting all right, so I still wouldn't be in this trade regardless. It hasn't retested this area But you can see here 210 cell ice, which is a lot for today Talk about this too. So, you know, those of you that have my course We have the thresholds for these markets, but in certain days you're gonna have to you know If you if you keep seeing 200 every five minutes You want to increase your threshold for the day because you're not you don't want to see these setups more than, you know Three four five times in a day So if you're seeing a bunch of them, you got up your threshold But 200 is a lot for today. That's the most I've seen so this is definitely worth drawing the zone So again What you want to do putting your peeps on here? You want to you know go to your little cross here and you want to just judge where The the spike came in and incorporate All the prices from across for the spike until it ended and that's what this is basically So You can see here we moved away Very quickly and we never retested it. So I wouldn't have been in this trade anyway in the long side I'll still go long on a retest, but it just hasn't retested it as what I'm saying. So ATR is I'm sure it's real pleasant, you know 50 50 points So again, you got to cut down your size too. You know when the volatility that's why we're using this ATR method Because it helps you adjust the volatility the dynamically, right? But you can't be trading so say you normally trade a two lot In NASDAQ or even two micros, you know, if you've got a smaller account you trade two micros Well, if you're risking 70 points on the trade, you can't put two on you can put on, you know one So we have my room. We'll talk about this every week to this This risk calculator Spreadsheet where you can judge It's kind of hard to see here You know again, I haven't really Gone through exactly what I have to risk here But you can see like NASDAQ if I'm putting on if I'm risking anything over 67 points I can only put on one, right? So This is Guys in my room have worked on this where you put your account size Here's your risk You don't want to be risking more than 2% on any individual trade and it shows you how much you can risk So again, if you have a $10,000 account, you don't have to change anything here Just use one. You should only be trading micros period Um, but just use these as micros instead of the regular contract size. So hopefully that's uh make sense So anyway, we uh the top of the zone was 1750 So 6750 would have been a full ATR, which we easily got This thing just ripped 120 points off of here. So this is exactly what I am talking about as far as you have to determine As a trader, you know, there's no dispute what this was this was sell ice, right? What You know, you may have said, hey, you know what we're overdone on the south side the minute we break out of here I'm going long and you know, you already cut yourself 100 plus point trade I'm waiting for the retest and I may not get it. So this I would not I would not participate in this long, right? That's happened sometimes. So you got a I'd say say every week I it's about 80 of the time it does retest the zone But there's times that it doesn't and you're going to be sitting here fuming that you didn't get the trade on But you got to determine for yourself If you want to be aggressive or not, or if you want to wait for retests of the zone, right? Again, the conservative method is to wait for retests the entire percentage But sometimes you miss the trade kind of like I'm doing on this one, right? So I had my chance and If I wanted to get in aggressively, but I'm not getting every trade I'm taking with these zones I'm waiting for retest. So that one did not retest On to the next setup. I still could but we'll see Still haven't been filled on that short that Got an ATR below here. I'll say 25 so 26 is the 26 ticks Bottom of the zone was 40 Say 42 So 22 and 16 we needed to touch Not quite Pretty close 18. So we got pretty close to an ATR below there So I may take this short if it Because the ATR might have been a little less That point too. So We'll see how this trades. Um No, we'll say this is the this was the ATR move. Here's your retest So if this turns around and fails, I'll go short up on my stop the three quarters of ATR up there This just Again, it's not just jumping in the short the time I run this all the time right here. Yeah, you got your ATR move pretty close Here's your retest You don't just jump in because this thing can go right through this zone now, right? It's when this fails That's when you get in and I go three quarters of an ATR below there. So we'll see that happens if not I'll wait for another setup so I'm just going straight looking at the volume right now. Um, I'll try to I'll try to go over some of these market conditions here So I've been talking about this the last few days in my room crude's very bullish again So it should be some sweet gas prices coming up and that Um, we talked about the launch of this guy here and broke out Put more balance the other day. We had a failed breakdown. This is one of my favorite trades where Broke down out of this balance area and recovered got right through that. I know I'm going So now we're moving back into this prior area here So, you know Intermediate term this is bullish Long term it's still bearish in my opinion because we you know, we have yet to recover this thing All right, so all we're doing now is retesting so markets can come back retest the bottom Prior balance and do that or the high volume note and still remain in that bearish state Um, so long term So that's why we cover I was just showing you guys, you know, this could pause We'll wrap it up. We'll call it a day. Thanks for coming everybody and uh, let's uh, let's begin tomorrow At least come back down and test some of these areas here Okay, so You know, you want to have the bigger picture of mine when you trade but you don't you know You can still trade these these setups and basically in a vacuum Um, right here. It's not real clear start on the gauge. Just it's just not going to be clear like the other day We're all over this in the room, right? It won't be real clear. That was a fail breakdown I wanted to be long and went straight up now. This is kind of no man's land, right? I mean, yeah, it's bullish But this can easily pause at the bottom of this So you could do that you could do that And you get in these areas you may say, you know, what doesn't make sense to me It's not as clear. I'm not trading crude today, right? That's not a bad way to trade That's why we talk about all the time having playbooks, right? You're just looking for specific setups That you wait for like a sniper and you take them when you see them You don't just you know spray bullets everywhere and every time the market moves you're trying to jump in the trade Right, so you may not like this area. Like I don't love this area and crude I have no I as far as a longer term thesis, right? I'm not counting volume stuff. I'm just look at a bigger picture Of you, uh, this is this is confusing right here. What this can do, right? This is an important area where this directional conviction started We can move a little higher, but again, this could keep ripping or it could come back, right? So I don't really have a clear cut idea of what I what's going to happen there So it would behoove you and let you have a trade plan for specific things for the day Like maybe you say I like trading VWAP or whatever to just you know, step aside of that particular market And you can tell the way this is trading today Traders don't know what's going on here either, right? It's like it's rally and then it's on Then it's rally and then it's on off. So this whole area is like There's been a bunch of different zones that you know, they're bouncing between them That's just because we're in a weird area. So Once again, if you're not seeing what you want to see in your market I'm close to getting filled here in wheat That gas I think we had a trade on this the other Last week and it actually turned out to be it did exactly what I said I was going to do if you remember we were short and then I said I'm ready because of all the algos in here I said I'm ready for this for the next three hours and I did that for about three hours And then it just did that and it turned out to be a huge winning trade So hopefully you guys if you guys were mirroring me that day you got some You were short that that gas and you were patient like I explained You know the more the more you see this Christmas tree look in the market the more you can expect this Trade right, but it's once you if you have your zones, you know how to plan you just sit and wait sometimes It's immediate. Sometimes it's four hours later But you know last Thursday was four hours later, but we got the we got the big move So anyway, this someone was from earlier This is not casting in Now you got some more stuff here. That's not I don't trade NACS all the time 130 is okay. That was more down here And I haven't messed with this market today Because you know, we had this zone here and then you had zone here. It's kind of sandwiching between here So we'll find better opportunities See if I get filled on this and that yet. All right, so we'll come back to that So yes recovered So what I'm going to do here, I'm probably going to delete this zone now Yeah, because there were ATR. So we went This was a stop run earlier that I showed you. We definitely went ATR below there. We did retest You could have caught this that second wave down The way I'm doing this will say I did get short memories that I've missed this trade But if I did get short the way I do this is I take half off At an hourly ATR. So say let's let's see if I would have been filled here So an hourly ATR is 21.6. So say 22 points Did this move 22 points from the bottom of this zone? This was a 83 So 61 would have been half an ATR That would have been real close, but I would not have been filled. So I don't feel so bad now You can see right here. Look how close that came to Yikes, that was about a point away So I'd be So be glad I didn't put that trade on because I'd be complaining right now because I would still I would have held it all the way back again because I have my rules, right? So my rules are You know once if I would have taken this trade off of this I get out a hat at a half ATR I'm sorry I get out at an hourly ATR half my position And then I hold the other half until I get an opposing signal So say something bullish came in then I would get out of the other half or I'll get out of the whole thing If it doesn't make it do an hourly ATR and I get a bullish signal I'll get a whole thing So technically I would have been in this trade and I would not gotten out because I didn't touch an hourly ATR Again, that's assuming this was at 60 Or 21 at the time that could have been actually actually could have probably maybe been filled. Let's see here Probably not though So we'll just say I wouldn't have been filled and nothing new came in I would have been stopped out of this trade, right? That's how I trade and sometimes this happens where you don't you You bear close to getting filled no dice. There was nothing new comes all the way back and would have stopped me out so You don't have to hear me complain on I was going to be short there. So Regardless this zone I'm going to delete now because we traded an ATR above and below it five minute ATR I don't want to confuse me once new stuff starts flowing in so You can see over here some spot gamma stuff His main Talk about today was you know, you want to keep an eye on the vix so that's you guys might be wondering What this white line is this is the correlation tracker again part of the book map global plus and I've just put in the vxx the That's the etf vix and you can see here. So You can see like when this thing started to drop that's when we rally, right Bruce I got a question for you why Obviously the vix futures are on the cboe Why is there any way to ever get that information or that data from the from the cboe? Yeah, I'll have to look into that. I know there was kind of issue before I'm not sure if it's been resolved or not, but let me let me reach out and try to get back to you in just a few minutes Okay So anyway, again cboe has their own feed for the For the vix futures They're like hoarding it. So it's like you can't get it on book map So this is the next best thing. This is just the vxx the tracking stock and it's this So you need the dx feed To get this you need the dx feed to get uh, I'm filled by the way and then we trade so we're short we Um, I already have my stop in right Stops up there. So But you know here's a cues The way I use these is I'll just look in you know the beginning of the day I want to see where all the liquidity is sometimes it's a really clear cut other days It's not and you can see this is basically You know showing you where we're headed right doesn't mean we're here to go We're gonna make this this size of a move today, but you can see nothing up here Or I mean relatively and then you can just see bands of liquidity and remember liquidity is They're like it's like a magnet right, so we will These guys want to get filled the longer the Longer you see this liquidity in here and it's all been here since the open the more they want to get filled So you can bet like yesterday we saw the same look and it after the fed came out of like filled it filled it filled it So you can expect we're coming back down here at some point Quickly since we're talking about it. So this is nasaq. This this market is in trouble right, so we Bigger picture stuff again. You always want to have a bigger picture view. This was a huge balance This was an attempt to break out of balance Then we built balance and tried to pull back to the top and we're how we were just talking about it Can pull back to the top or the high volume node? Well, it pulled back to the top and Then it failed at this high volume node and then it went right through this one. So Again, if this was a bullish market, this would have held Last stand after a breakout is the high volume node of the prior balance It went right through there like hot hot knife through butter yesterday This market is some serious trouble. So we could have these, you know temporary rallies But overall you should be looking for areas to go short because this market again isn't pretty big trouble in my in my opinion So this is what you should do every day, right? You look at this and you're like, okay I want to find areas to be short one because of This market structure right to And you bring up your If you have the qqq you're like, okay, where's liquidity all liquidity is all below Okay, that boasters my idea of being short and then you just could sit back and wait for Only short setups in your volume You're my si indicator setups Right, that's how you that's how good traders trade They don't sit there and spray bullets everywhere. They wait for is exact So you could say I don't care if you like for instance, this was a huge move up off of that Off of the sell ice, right and you could be saying yourself I don't care that I miss this because I want if I'm looking for places to be short, right? You've got to be okay with missing moves You're not going to catch every move in the market nor should you want to you want I mean anyone would want to but my point is you've got you've got a limit Based on you know your market knowledge and what you're looking for and just wait for those setups So You know, yeah, it sucks. I missed this. I wasn't aggressive out of here because that's not how I'm playing it But the real trade the the big trade Three four five hundred points going forward is going to be in my opinion of the short side So you just sit here and wait the minute you get a short setup. It's going to be go time So that's what I'm hoping that happens while we're on this webinar Bunch of nothing right now. So crude is just bouncing around too Getting not getting many signals right now So what I'm going to do I'm just going to because we basically Got pretty close to an ATR above here, too I'm just going to erase all this stuff because we're just basically doing that and then Once a new signal comes in then we'll trade it And QI Seisberg by NQ 151 contracts People are confused when I'm trying to show them so Yeah, the same I just showed you the area we're in crude and this is exactly what how it's trading like guys Can't make a decision on which way this thing is going so Um, we may not get necessarily on there today and that's fine because it doesn't look real appealing anyway All right, so you just heard the NASVAC. Let's see if we get something on the uh So 150 that's you know again today 150 is definitely threshold uh, you should go As you don't go less than 150 But today is it's definitely worth drawing The zone so again kind of where the spiked There It looks like a nice tight zone for us Remember where I'm I'm definitely leaning short so I'll take any trade Volume wise, but I would prefer to be to the short side based on what we just talked about right So make sure I did this right Now I did start spiking right about there You want to incorporate all the prices in the spike? I'll change the color here too because this was by ice so Now again, look we watch our atr if only 53 points Meaning we as I got to see 53 points out of this zone So again, you may say I'm I'm watering My mouth is watering for a short setup the minute this breaks out of here. I'm short Again, this is the science. The art is how you play these. I'm waiting for a full 50 points retest failure Then I will get in at a three quarters of an ATR But you could say I'm winning right now when I'm gonna pull my stop just above here. There's a spot gamma level I'm gonna go a little bit above the zone. I don't need to see the 50 points And that's fine. Again, you got to determine that as As a trader for yourself how aggressive you want to be off of these zones Yesterday, I sat here again and watched nasdaq and I missed one the nasdaq trader We were talking about on my pm webinar in my room I missed the one because I was Marking up a zone in the es and it turned out to be like a 250 point trade But the um the es they were you know, it was like a zone here and It broke it and just kept going and never retested and there was another one broke it just kept going So you got to determine if you want to be aggressive or not one of the one of the Ways you can determine that is you can keep an eye on the relative volume Right? So if you see the relative volume really picking up you can say you know what I'm not going to wait around for Retest I'm just getting in so You can see here and get these tick strikes out of the way So first and foremost we haven't got in on this into these tick strikes. We'll get into that in a second But you can see here So this may be in A situation you can see look at the volume pick up so turns yellow if it's two times or more for the equities So you can see there's some actually those down here and take that back. There was some big volume here So this this is what I was saying where if you see a lot of like high relative volume coming in So this is sierra chart high relative relative volume So what it's showing you is this exact time period five minute time period for the last 30 days So you know, hey, there's really increased volume in this area Based on the last 30 days in this exact time. That's very important information I know so this is my point how we missed that I didn't take that trade that That broken ice trade that where the cell ice was down there where we just ripped out of Well, you could have said hey, there's really big volume here if this breaks out of here I'm getting in because there's going to be some major puking and that's exactly what happened. So Now this is a different scenario where you can see that we're up here, right? The volume is subsiding so on this scenario We just drew the zone now you can say, you know what? I'm not being aggressive out of this So I'm just giving you reasons to be aggressive or wait for retest, right? So this one by anticipating you can say now I want to see a retest failure then I'll See the difference. I'm just giving you guys examples on how you can decide when you're trading Hey, I want to jump in or I want to wait for retest So again, this is what I just showed you down here was all that high relative volume So you could have said wow, there's tons of high relative volume The minute we break out of here. I'm getting I'm going long and you would have made, you know 150 points Up here is the volume is dissipating So now I'm doing this anyway, but you can say, you know the volume is dissipating now I'm not jumping in right away because I'm expecting algos because when there's not a lot of high relative volume That means the big money's not playing that means algos start to play their games, right? Well, if algos are playing their games, you can almost certainly expect retest because that's all they do Is this nonsense to take your money? So when the volume starts to dissipate you can say, okay Sticipating now I'm going to wait for a full ATR retest failure Okay, so again, I'm just giving you guys ideas on how you can play these zones aggressively or conservatively So I'm again waiting Either way or again if this goes up 50 points comes back retest fails I'll go long this comes down 50 points retest fails. I'll go short. They don't know what it's going to do yet until it breaks out of here So hopefully that makes sense any questions here so far Doing a lot of talking and not a lot going on here and training wise Yeah, just just a second here. Um first off, um your question About cboe uh and vix futures uh is possible through dx feed. I'll set you up after the after the webinar scott Yeah, yeah I'm not sure, but it's been out for for for a while It was the newest addition. I think maybe within the last year. Um, but Uh, anyway, yeah, we will um Add that for you. It's 37 dollars a month. So just to let everybody know if you want that And and where you can find it um is uh if people are interested in it It's through dx feed and it's through our website. So what you do is you log into bookmap.com slash portal Um, and then you'll see on the left hand side like add subscriptions You know add-ons, uh, maybe it's called add-ons and you click on that and then you'll see the um, dx feed and the different selections in there for what kind of data you want to get And what you want is the cboe? That's the one that has the vix Okay, so you'll have to need you'll need to restart. Um, we'll I'll set you up after the webinar scott Any other any other questions here hold on a minute No, I think we're good. Um Yeah So scott like I said, you know, you feel free to to you know, you've already given us like uh 50 minutes here Feel free to uh stop at any time Uh, I'm okay. I should give me one second. I'll be right back. I can rile you up. Maybe if you want all right I'm fine. I'm taking my Way better than I was I can try to rile you up and get you on a rant. I don't know if that helps I can't I just can't I don't have it in me You're you're rampless today. Okay. Um, I know I'm I'm doing all right, so Again, if I start to run, I guess I always let you know. Okay, so we don't know again. We're just waiting for this to Bust above or below here to the sweet trade starting to work a little bit so again For half this position This is actually pretty pathetic You know the atr 6.68 so we'll say seven points seven cents. So i'm getting out of half of this seven cents Again, it's just my rules Below the zone so the zone was at the bottom of the zone is 44 50 So 37 50 I will be out of half of these half of this short And then what I will do is I will hold the other half until I get an opposing signal Meaning a bullish signal and if that doesn't sometimes you're going to get moves that go 30 40 50 cents before you get any kind of signal There we go So this is pretty much right on top of the other zone. I'm just going to make this one big zone You can see here another 200 plus coming in Or not I'm sorry 180 189, but it's still coming in so You can see this the swipes look at the little This thing is so valuable Once I learned the correct way to use these these are gonna be deadly I mean when you see five, I mean again, if you were to tell me there's 500 icebergs I'd fall off my chair right like a nasty You see this is pretty common in the snakes I call them snakes of the sweeps. So there's gonna these are gonna be whole other setups All right, so I'll come back to that in a second So you can this is what I'm talking about I'm sure I'm not seeing anything if I get filled on that too But if this turns out to be I don't see the ice coming in here the cell ice that you just announced Come on you can feel me You can do it I come right to the exact tag and I feel why am I not filled on that? I'm just gonna hop out of those so when I'm to sit here and watch it It's pretty close Because I'm not gonna sit here and watch this and come all the way back Well, I can't monitor it. So we're out of half pretty close to the It did touch the hourly ATR. I didn't get filled. Well, there it goes, of course Just cost myself three ticks, but that's fine. All right, so we're in so you can see here now Here we go. This is what I'm talking about. So this could be now. This is an opportunity either add to this trade or Not or I'm gonna trail my stop So So you can see this cell ice coming in by the way, you can see we'll talk about this tickstrike too with their hammering Grains right now All right, so we incorporated this cell ice right to 25. That's a lot for wheat So now what I can do is now I'm going to trail my stop Based on this new setup because if this turns into a bullish setup I'm out If it continues lower, I'm going to do the same thing now Right, so this is going to be a brand new position if it's if this goes full ATR retest fail I'm going to put on a brand new position that has nothing to do with this one I'm going to have the stop in the same spot But this is how when you catch trending moves on a day trending day You can have three four five six positions on and you're not only risking based on your last setup, right? So again ATR is 2.25 All right, so I'm going to go three quarters and ATR above this zone for my stop. So we'll say two points 39 50 40 150 will be where I will stop out of this current short Then again, if this holds holds the zone never comes up here. It stops me out and then does Full ATR 2.25 points comes back retest fails Three quarters of an ATR two points. I will put on a brand new position and my stop's going to go in the same spot And then this way is if this continues to turn down I'm going to have them three two three four positions on for a huge move Right and if it pops back up out of here, I made it, you know, I made it to okay profit We'll go back to that I don't want to miss this It's nice if it's just hanging around this zone for me. Maybe let's see. Yeah, okay. All right, so let's get this this ice Incorporated into this zone You can see where that those snakes that another great thing about these snakes. It really helps you draw your zone too, right? I mean, it's a large zone, but it is what it is, right? I mean, you had two big by ice So Whatever way this breaks now you have a total of I mean you got the sweeps the snakes right here calm snakes Again, calm sweeps calm sweeps, please sweeps. All right sweeps. I'll calm snakes in my room. I just Get confused where I'm at. This is where I did it Um, so there's 150 here 189 she's talking about 300 400 icebergs in this zone. So when we move out of here, this is enough fuel pushes A decent amount. So we'll see But I'm not taking this trade until it either moves 50 points away retest fails because that's the atr or 50 points away retest fails Hopefully we'll still be on here when that happens. I could sit in this zone for an hour. Who knows? This is definitely uh, May 3. This is definitely zone worthy So again, Russell is uh, my threshold is 150. We want to see where that started And miss this trade that we'll see where it's spiked there We get all the prices Let's stop spiking. All right, so I haven't missed anything yet in this So now we go look at our atr. I'm sure this is pleasant too. Yeah, 60 68 x 67 ticks again Just move the decimal point 67.7 So 68 ticks top of the zone was 90 90 So 91 So we need to get that basically 50 51 58 So that more ticks and that'll be an atr above here There we go. That's an atr. So now if we retest fail, I'll go along Once again It may not retest so you have to determine you may say hey, I want to be long I'm getting long the minute it breaks out of that. No, right and you're in I'm waiting for the retest fail So you can see here look at the sweeps that are coming in another eight another 900 So that's what I'm talking about. The thresholds are definitely different Look at this another 537 this is a ton This is what I'm gonna do. I'm gonna just draw. I'm gonna draw this zone just based on this thing because this is just An enormous especially with the 884 So here Just gonna draw a separate zone for this one Here so I'm just gonna play off this zone independently. I know there was ice before this but this is huge So let's see what happens here Again, this is a this is the most recent thing that happened. So that's why I'm okay Which is drawn his own just based on this You can 520 icebergs. You can see these sweeps 800 sweeps There's some serious investment in this area. We can see that You may get three tests here in rustle I'll go along this And I was hoping that the setups were short, right? I have uh, I have my thesis is Short just is not happening right now, right? And this is why it's so important understand real-time volume runs the show I can think I can want to be short to the cowskin home. This volume is telling me no dice. This is broken ice Yeah, the cell ice got an atr below above there that this is broken ice. So the short thesis is not Materializing right now and that's fine. I'm playing strictly the setups. I should have seen a question Oops, no, I just lost it Sam says you talked about having a volume based setup alone is enough playing trap traders But if you want to increase success even further You can apply technical analysis on higher time frames. Can you explain this further? Well, that's pretty self-explanable. I think I mean You want to you want to have No, you're your thesis of what's happening, right? So I want to be short But the volume right now is telling me to be long. So I'm gonna I'll go along based on the setups but so say for instance Over the next couple hours We build balance which we probably will right so While I do this for the next couple hours when you have balance, right? So I'll take the setups either way But so say this comes in towards the end of the day and we start to break the balance Well, now that's an a plus setup in my mind I have and so say we get it say we get a volume setup here, right and it works and It's it's bearish Well, that's an a plus setup because I already know I want to be short overall And now I have that This this happening that confirming my short bias with the volume, right? So meaning That that's In my favor as far as what I think is going to happen bigger picture I'm taking you know, you can take trades either way It's on these setups But when you get one in your favor of your thesis, then you can increase your size, right? That that type of thing we talk about all the time. That's an a plus trade or that's why you want to add playbooks So, you know, as soon as you see a setup in your favor, here's a retest of the zone, by the way Um, so I'm gonna go along here. I can only put on right two because of the size And there's the retest of zone. I'll come back to the thesis stuff in a second All right, so the atr is uh again Only only seven seventy ticks seventy one ticks I'll calculate because I can't think properly right now So 53 53 Points is three cores in the atr. So our 53 ticks. So this is 90. Let's just say 90 43 I'll be in long just using the last two digits. Obviously So once again, yeah, just set up right broken ice I just try to come in and stop it ripped right above it rip right through it Got a full atr. Here's your retest of the zone Now if it fails and it's three cores of an atr, I will go long and then I will pull my stop Three quarters of an atr below this zone And I will let it run. I will get out of half at an hourly atr Our leatr is 152 ticks And then the other half I'll get out if I see an opposing signal And I just do it over and over and over and over and you don't have to you know wonder Oh, do I get out of here? We're talking about this last week with natural gas. Oh, it's coming back. I just had it I had that trade. Uh, no, I looked for the hourly atr Just like I said earlier in the yes, it didn't get there I would have been I would have been stopped out of that trade. It didn't get to go the hourly atr So I went for the hour atr and or an opposing setup. So we'll see if I get filled on that Not thrilled about being long, but I'm just following the volume because the volume runs the show Um, so anyway, yeah, you know, you just you've got to Depending on what you look at you may not You always want to know where we're at in the bigger picture, but you may be more of a day trader where you say I'm just going to trade vwap All right, just like a lot of guys just try like trading vwap, right? I mean this not real clear today, but See here's just been all over the place Let me this has been very volatile today But you can say like on a normal day where you say, okay, um I'm not looking at the big picture today. I'm just going to look at vwap and I'll take any trades If we're as long as we're above vwap, I'll I'll take long trades, right? These are all Playbooks that you should have so But you know, again when you have a bigger picture view And then you get the stuff to line up in in that favor. So you say you wanted to be long Okay. Well, we're above vwap now That that's a plus then you get your volume signal. You're like, okay This is a plus I wanted to be long we're above vwap and I got my volume signal And I I have a bullish view of the market overall. That's my a plus setup, right? That's what I'm trying to point out. So I'm taking trades either way But if I if I were to get a short setup Then I want that I want to put more size on a bigger Trade on where I would risk. So for instance, we just showed that risk spreadsheet Should we risk in 2% on every trade? Well, if you get an a plus setup You shouldn't be losing more than 6% of your account value in a day Well on an a plus setup, you may want to put 4% of your of your allotted trade Risk for the day on that one trade because it's that good of a trade, right? I told you guys this before When I got back in the game, I was learning how to trade stocks with smb and they This is about three years ago and they Literally penalize their traders if the traders don't put more of their allocated So for instance, they're allowed a thousand dollars loss for the day Well, if they're not putting at least 600 or 400 of that of that risk on their a plus trades Then they literally would be grounded the next day and they can only trade on the simulator So, you know, you can take these trades But when you see him everything lined up in your favor, you should be trading a little bigger Right not outside of what you should be risking in a day But you should definitely take advantage of Right. So my point is it's like I want to be short this right, so I'll go long if it warrants I don't like it So, but if I do get as short so as I say this turns into be a short setup Well, I should be putting more on because I want to be short overall So Why would I put the same amount on on a long trade that I don't really like versus a short trade that I love See what I'm saying So that's what you have to determine once you understand how to read, you know, the bigger picture stuff You definitely need to know where we're at in the bigger picture Any other questions Bruce So this is the wheat still in this zone. I'm still waiting potentially to add to this trade. I haven't been stopped out yet either No, no other comments or questions at the moment Just an incredible teacher Yeah, pretty clear Concise clear as day Um, okay, so crude again, this is exactly what this is what I'm talking about, right? Like we looked at this earlier Like I have no idea right here. What bigger picture what what this is going to do. This could fail here Like we said it can move higher to the IVM node. I don't know right so There would be today there would be no a plus trades in this market for me Right, I would take I'll still take trades based on the volume But there's no no a plus trades because I don't have a strong conviction So I was trying to tell you the other day. I had a strong conviction on this This is a failed breakdown. I love that's one of my favorite trades. So if I get any long signals there Those were a plus trades see the difference So it doesn't mean you just have to sit and wait for only a plus trades You probably should but you don't have to but when you do get them you should be putting more sides on If you're doing nothing gold's doing nothing Let's see what's going on and all right, so I'm long Russell we got filled with that three quarters ATR So what did I say it was again? 70 72 72 ticks so again, that's like 50 54 54 ticks as my what is that three quarter ATR? So I'm gonna go 54 ticks below this zone Stop out. So we're at 40 That's my stop huge that's pretty big risk, but it is what it is, right? I'm not dynamically trading the volatility of the day The ATR right now is 72 ticks is what it is if you don't like the volatility Don't trade it, but you can't this is where traders make the biggest mistakes Right, they're like, okay. Yeah, I'm doing everything Scott does. Okay. I'm getting long But you know, I can't I can't risk all the way down in here. So I'm gonna stop out right here So this is probably gonna get me on a rant, right? This is the biggest fallacy of traders in the history of trading Well, yeah, I like this long. I'm gonna give this a shot, but I'm gonna risk right to here because I you know I don't want to risk that much. Okay What is right there? What does that mean? It means nothing the market doesn't care that you only want to lose that amount that amount of ticks Right, you need to be putting your stops in an area that the market Respects or cares about the market does not care that you only want to risk 20 ticks when you need to be risking, you know 90 So this is where traders get into trouble. They try to really, you know Contain their risk because they don't want to risk that much and then the market does this and stops you out And then it goes and then you say you're all day stewing that you got stepped up That's the whole idea of the structure of these zones where you know Okay, as long as this doesn't violate the three quarters of an ATR below this zone This they can algo me for four hours. I don't care Or until I see something opposite right and something actually opposites coming in here. We'll draw there in a second, but Point is don't be Like 99 percent of retail traders and try to control your risk and just put your stop right there Or the other biggest thing this is what's really going to get me on a rant The Course don't don't do it man save your rant for next time The trailing stop feature it is the it is the dumbest thing I've ever seen in my entire life. It's like If you have automated trailing stops, what what the hell does that mean? It doesn't The market doesn't care about your stops. It doesn't care about that area, right? So it's like you get in you have it set up on your I can't even be I believe firms that even offer it It's like, you know these software programs offer it when you get in and it's like it's a it's a 20 20 tick trailing stop So they'll trail it up and then any any kind of blip elbow. You're you're stopped out like what what is this area? If something comes in fine, but you know, you don't trail your stop on anything The only time you trail your stop is on based on a volume setup Or something important not because you don't want to give money back Because trust me you will give it back and you're going to get stopped out and then the market's going to keep going Well, that's pretty mild because I got to draw the zone but That I just never understood that my entire life. I've never in my life used trailing automatic trailing stops like Based on price. It doesn't you know, you you got to base it at least on something Don't just base it on your p&l is you're definitely going to throw away money Constantly and that's what retail traders do and that's why retail traders don't make it. So now And I just want to make sure I get all these prices. This is perfect right now I'm going to either be able to add to this trade or I can trail my stop I may have missed this that nasdaq long. I'm afraid to even look at that. Hold on a second All right, so this is this newest ice, right? So what can I do? Same thing I did before. So he said 54 ticks was the atr. So I'm using the last two digits here 80 minus 54 30 26 right so now I put my stop at 26 All right, and now I can delete this so I'm able to now Trail based on a new setup Exactly what we're looking at in wheat too. I'll go back to that in a second But now because of this new setup now I trailed it three quarters of an atr below this Now if this goes 72 ticks comes back retest fails, I'll put on a brand new position That is independent of this one. And again, if you catch a trending move you may get set up after set up after set up And you're adding trailing your stop adding trailing your stop That's where you make you have your month making day That's another one of my rants Most traders think they're going to come in here and generate a consistent income every single day Like a regular job. It's not going to happen. Your goal as a trader is to Make a little lose a little make a little because you never know when you're going to get The trending trade right your goal is to keep making yourself available For when it happens, right? So most days like you'll you'll do this and I'll come back and you'll make a little bit Or you'll you'll get in and you'll stop out But the whole idea is make a little lose a little make a little lose a little and then when you finally get a trending day Then you make your month or year. You know in a year, you're going to have probably three four five Month making days and that's going to make your entire p&l for the year Traders just cannot grasp that or don't want to grasp that they think they're going to come in here and generate A consistent profit every day. It's not going to happen It's not especially as a click trader So your goal is to keep making yourself available Keep making yourself available with these setups and when you finally do catch the trending move You're adding Trailing your stop adding trailing your stop and then you have a monster day that makes sure makes him up and then Onto the next one All right, so this was uh the button top of this zone was oh six So we need to see the ETR It was 70 something lost that chart so afraid I don't even want to look at the at Nasdaq because I know I just missed a trade in there At least I have something on but equity wise So 70 70 ticks 70 71 ticks. So this was oh seven so we need to see 78 Again, I'm going to last two digits. We're not quite there yet, right? We're at 65 60. So once this turns 78 touches 78 That'll be a full ATR. Then I'll wait for the retest and then I'm getting in three quarters of ATR of a brand new position But anyway The worst-case scenarios. I've just minimized or I've pulled in my risk a little bit because I was able to offer the newest setup I'll move my stop up three quarters of an ATR below this zone Hopefully that makes sense. Now, let's see what I just cost myself here No, nothing All right, so this zone is really really important. So we never got an ATR below here. I don't think See here was Yeah, 53 points not even close. So we never got an ATR below here nor above But you can see this just came back into this area. Here's your sweeps They ran into more by ice so right in the middle of this zone So once this finally gets 50 points above here retest failure out along again If you say, you know what I've seen enough the minute this breaks out of here again I'm going to go I'm going to go along. So here's a good example, right? If you if you decided to be aggressive about it out of this zone on the first break Well, no, it's back in your face, right? So say you're like, I'm going long. This was a ton There's some sweeps. I'm going I'm going long. Well now it's already back, right? So it's like that's why I wait for full ATR retest failure So that does not happen yet Keep an eye on that Um, all right, so just along that Nice controlled risk here Potentially adding to this trade to make it what I say we need to get to 70 71 to not get there for a full ATR yet We still in this still in this zone Gold or something fire off in here There you go. Biggest of the day at far 200 by icebergs Mark this up Where it spiked right all the prices in the spike. This is actually a pretty mild zone for gold Those in trouble too, by the way, we'll go over that here quickly Bigger picture stuff. I'm talking so that's that's Come right back to this So here's some more sell ice right in the middle of this zone again So I don't have to draw anything. I'm just going to leave the zone as it is This could come all the way back and stop me out Still we didn't get the full ATR again on this first move. So I'm not going I'm not adding to this position I need to see a full ATR out of here retest fail That is not happening yet That's a back to gold So ATR is 22 ticks. It's a little more normal than these equity markets Though the bottom of the zone was 16 We only got about 16 ticks below here. We needed 22 right get down to even 1790 even um So we needed 94 for a full full ATR. So this still is not For my tree again, you can say, you know what that's all I need to see. I'm going short I'm waiting for a full ATR Retest Fail three quarters of ATR. I will go short and stop goes three quarters of ATR above this zone All right, so quickly bigger picture gold This thing's not It's not gonna end nicely What's so funny is I tell my roommate. I don't know if you guys if you ever watch fox news. They have this They have this gold commercial like I'd say every three or four days These clowns come on and say you gotta be long gold and silver every time that commercial comes on the market Market does that the next day. It's hysterical. So anyway We've been talking about this. I've talked about this on here, too. We had this failed breakdown one of my favorite trades like always great long Don't balance again Try to break out retested. What I have I am known that's the zone held where it should have launched the other day Launched again and then all of a sudden things started to change, right? So you had this that's a failed breakout That's not good if you're long then This was a failed breakout got through that high volume note. That's not good if you're long and bigger bigger picture this is Multi-day going back to the middle of december. This is a failed Held where it should have the first time it should have done that instead of we came back again And now we're through this high volume note. This market's in in trouble As far as I'm concerned doesn't mean you know could just sit here and balance for a while, but This is you know, we get through this which is I almost certain it's going to because again This is one of the playbooks we talk about in my room when you have This is the most current balance, right? When you break down out of that balance and that was a failed breakout Once you get you know, this is the most recent structure So all of these longs are going to puke and it's going to rip right through this and we're Going much lower in my opinion So my thesis for this market was long and now I've changed my thesis, right? It doesn't mean I won't take trades both ways But if I get a short setup, especially If this gets through this high volume note here and you start getting short signals on the volume That's a plus trade. So see what I'm saying? I'll take trades no matter what because we could do that for a while But you start getting short signal once we get through this high volume note That's going to be the three four five hundred tick trade to the downside and it's coming in the next couple days in my opinion So we'll see All right, first run out of gas any questions Concerns No, no, I think we're I think we're all uh all caught up here So Yeah, take take a rest Scott And recoup I'm I'm glad to hear that you're back though and uh, you know Sounds like it's kind of coming to an end here for you. I mean you're getting over it. I should say Right But no other than that, uh, yeah, you've been going for like an hour and 20 minutes or so. So, uh, let's let's wrap it up and uh, we'll You know, see you next next week next Thursday Okay, yeah, so remember this nasdaq area is going to be really important Don't mind that I just didn't delete that that was the bottom of that first ice zone This is this is the major one here. So Again, the way I'm going to play this zone is I'm waiting for a full atr either way. I'm hoping it's down, but if it's not, I'll go along Once we launch out of here retest fail, I will take that trade And you're going to get a big move. You're probably going to get a hundred 200 point move easily off of that Once that happens, I'm still on Um, still long rustle. So again, I'm still waiting for an atr and this came in again right Sure, this didn't So I can I'm going to expand the zone a little bit because you see this last the slightest ice that came in Came down to here. So I'm just going to move this zone I'm only going to stop down a little bit because of that newest zone So again 71. So when we say 54 ticks, so 54 ticks below this zone So 64 is 10 Basically 10 I'm going to stop a little bit Again, that's based on this the new new ice that came in so I'm waiting for this to Do that and then that and then I'll add to that trade for some reason if this turns into a titanic setup meaning This all ice basically holds and because I never got an atr above As long as this doesn't get an atr above this is can still consider a titanic setup If I get stopped out here, then I'll wait for a retest failure and I will go short off of this stuff Right, so I'll I'll stop out and then I'll turn around and flip it the other way Again, I have to wait for an atr out of here to determine that So we got that and then the other trade I'm still in this short wheat I will add to this trade if we ever get An atr below here just sitting in here or if it stops me out then it stops me out You know again if if I get stopped out of this and it goes full atr retest fail, then I'll go long Right, we don't know what this is yet. So I'll stop out and then I'll flip it Not I'll add to it So I hope it's making sense on you know how I'm trading these zones and Once again, you can be profitable just trading volume You'll be doing even better if you add in important areas where you increase your size with a plus trades. That's the That's the lesson for today All right Bruce Yeah, excellent Scott Very very helpful. So thank you very much and Take take a rest and we'll catch up with you on next thursday Cool. Thanks for having me. I'll see you guys next week. Okay. All right. Bye. Bye everybody