 Good morning traders and welcome to the bookmap live trading webinar today with Scott Pulsini a futures trader He will be trading live. It is in demo paper trading mode. We'll talk a little bit more about that in just a second We do it every Thursday at 10 a.m. We get to peek over the shoulder of a professional and watch how he trades what he's looking at how he manages his trades of a and you know deeper insight to his strategies and how he how he trades so Let's go through some Information here you guys know who Scott is he's got a pretty incredible back story here and We also have his contact information. I'll be putting this in to the chat if you want to reach out to him He does offer mentorship services And hold on One more here. That's not it There he is. Okay. So got to go through the disclosures before we turn it over to Scott, okay? So general disclosure all bookmap limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in simulation cannot Accurately represent realistic trading performance. So know what you're getting involved in with here This is for education only risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors and Investor could potentially lose all all or more than the initial investment risk capital is money That can be lost without jeopardizing one's financial security nor lifestyle Only risk capital should be used for trading and only those with sufficient risk capital should consider trading past performance is not necessarily indicative of future results. All right. So Scott, are you there? And if you are are you sharing your screen so I can turn it over to you On France, you hear me? There you are. So you guys two eyes for Excel. He has 153 contracts Do you hear me? Yes, this stuff is a little crazy right now. So Can you share there? I just got it Okay, so let me pop that out and Any idea how to get this told this thing off my screen. It's like right in the middle of my No idea Hmm try turning it on or off and on up above I did it's not it's not even this product. It's But do you have another window open somewhere? Yeah, I got about 15 windows. Oh, got you. Okay. It's not the only thing I was really looking at was Nasdaq here And it's not that I don't know why this is It's really annoying. Oh I'll have to deal with it. I'll look into it here Pardon me. I'll look into it further here Okay, all right MQ my size for by MQ 150 contracts. All right, there's just the stuff flying off everywhere here Markets are at an area that I think they may be able to bounce even though I'm not bullish these markets longer term, but This relentless selling has gone on for A half-hour straight This thing has been going off literally for just a half hour We're approaching an area of this 4200 and ES which is equivalent to 4196 It's a little further down. So you have sell ice right here. I'm trying to I Missed a short right before the webinar. I was gonna get short way up here and You can see my order there and I pulled it because this One of the products this edge product that we talked about in the past was oversold And I didn't want it. I wanted to wait for a pullback and that's not working out. So well Could add a nice 100-point trader here All right, so again, this is just relentless selling You know, we moved off of these areas we talked about this yesterday my trade room Like you got to really pay attention to areas that have caused Directional conviction in the past that's this zone here directional conviction directional conviction They're even better when you have straight beeline moves into them because all the energy is used up getting to that zone and when it gets there Dies again and you stop stop sell and good gracious hundred sixty five contract. Wow That's a lot That might be it for now though. No, but thank you. I just haven't seen markets like this for a while where it like both up and down It's just relentless for you know an hour. You'll just see and QI Seisberg sell in Q 155 contracts Just see incessant selling incessant buying And then I'll stop and I'll just turn around rip the other way This looks like being seriously. This is gonna give back the entire day that yesterday This is done. This is basically every time we've had huge rallies like this What I was telling again that I keep referring to our rooms I'm just used to talking about but you know this market is in a bullet bearer state So nothing really changed even yesterday. We didn't there's nothing change inherently changing in this market So every rally these ridiculous rallies just gets smushed right and this is another one So this is a zone this keeps going which it looks like it's going to This is an area where you want to pay attention to there will be a very good buy at least short term This was where directional commick should start. We came back. This is that obviously at the Fed after the Fed Test of that same area put in a huge buying tail, which is instant rejection So anywhere in here this market could stop and bounce but if this keeps just getting smushed This is a good area where it may provide a temporary bounce. I remember we're day traders I mean overall I think these markets are going to zero I'm half joking, but I think they're gonna get killed overall, but we're day traders, right? So I'm looking about I'll take longs. Alright, so this is a rare unicorn stepbrothers my sixth My newest setup where you get cell stops you heard that 459 and 217 cell eyes on top of that. So we Let's color that Purple or whatever color this is for the unicorn. I think that's purple or pink And we're cooperating both the stop runs and the cell eyes in here This is really really annoying here by the way So one of the reasons I did not get long I'll get short up there and I'm now I'm regretting it But obviously I'd say it's 2020 so this this thing has been oversold this entire time, right? It hasn't been drastically. So this is the edge. I look at it. Just it's basically five minute many market profiles It takes all 500 stocks in the S&P. This is not available for public purchase right now You can see it on my trade room though And when this thing this is the showing you that you can see 326 stocks out of the 500 are below their five minute test boxes and Eventually this thing is going to snap back. So that's why I was hesitant to take the short But when you've got bigger money coming in obviously after the Fed and then what I was explaining yesterday was You know many times the big money waits to the following day after the Fed So yeah, the Fed comes out that does this nonsense It's whips on nonsense and then the next day That's when the big money plays and you can see the big money is playing even though You know this relative volume isn't very drastic yet. I thought it would be insane Can't see it because of the tool tip So I mean it's decent Right, so this is telling you this exact time of day for the last 30 days for this exact period time period Now we're above 100% but we haven't gotten you know yellow is over 200% we haven't got crazy yet We got that kind of move so It's a little scary to think of the big one the big money starts to come in here, but Anyway One of the main things I look at our Ludwig levels as you guys know we call them lugs So I have to say Ludwig level 85 times and we're actually through this one We want to see if this these are incredible support reasonary. So we drew new ones. So a Couple of things here come influence-wise. So we drew no one. We're at the yellow log. So any setup I get now I'm taking conservatively meaning I need to see an ATR retest 307 contract trading code right now Things been killing me since the war started. Anyway, so we're back in this market profile composite. It's multiple days merged Which is a very important area. You can see me slice right through the top of it And now we're basically right around the point of control So this is an area that this could bounce with especially with their volume set up That's the whole idea, right? Anyone could look at this and know, you know, that knows market profile and know this important area Even if you have lugs like okay, we build new lugs This may hold that the key is the real-time buying and when what it's telling you, right? It's I know I'm a broken record with this stuff guys But that's the most important factor of any trading if you want to have the edge So depending on how this reacts that's gonna be my trade, right? So if we get an ATR above here retest fail, I'll go long ATR below here retest fail I'll go short as long as that edge isn't ridiculously oversold Because I you know damn well if I put it on now if it's oversold the thing's gonna pop 200 points So I'm actually hoping this is a long setup just for a temporary bounce So right now the ATR is 32.75 so that means We need to see 32 and a quarter points out of here for me to make a decision Right, and then a retest fail and then I'll go long 32 points retest fail. I'll go short. This is the key, right? The rare stepbrother setup. That's what my room named it. I left it up to then which is pretty funny I think but anyway, so you have the cell ice here and then you have the cell stops here Actually, I'm sorry. This this was the first cell ice here. That's this one See if we do rip out of here. I'm gonna really be watching this zone This was 400 or 500 cell ice up here That's this black zone. So right now this is stepbrothers. I'm talking about this is the 217 cell ice or 224 and then 500 stops This is just for one less man All right, we're getting closer. We're actually at that 4200 level. So this is a place that we can bounce as well Or we're going to zero right now one of the two try these in this is a double whammy close So you got 594 cell stops I'm gonna probably buy this aggressively out of here because I think we're still at the lug Again guys bear with me. There's everything's firing off right now And then when you have your 1982 Atari tool drawing tool You got to try these zones and it takes a while and I miss stuff. So all right, so Let's see where we are in the lugs here Well through the blue lug. Let's see if we have new lugs We have new lugs here as well So I'm gonna have to wait for a retest failure of this zone as well because we have new lugs If we were at the blue lug I would have bought this setup this most recent set up I just drew aggressively now I have to wait for retest failure, but you can see we're at important level here to Slice right through this this composite or pretty close now We're at this is an area where I think we can finally bounce We know the spot gamma levels here the options level you have the bottom of this prior one Which is confluent the point of control and also the top of this one in the anywhere in this area We could get a temporary bounce And then just probably looking for shorts after that, right? I just think this is a little overdone so far, but we'll see So what I tell my room every day is market is never can never go too far meaning well This is I gotta buy this this can't go any further. This can't go any further Right if you were talking about that in natural gas at what point do you say that they can't go any further? Right, this is a daily by the way Guys right here are like us can't go any further this can't go further now now now up here, right? Markets can do whatever they want don't ever think they can't keep going so the point is this could keep going down, right? So the odds are we get a bounce But don't ever just buy blindly because you think something should happen Is the key? Let's see what's going on in here. All right, so we're holding this step for other zone Again both these zones now that I'm trading in the equities and Q and ES I have to wait for retest failure because we've built new lugs if they're at the blue lug I would have gotten in both of these long aggressively, but we busted right through them. So let's see what happens here Could be an interesting day. I can tell you that let's check out There's some stuff firing off in soybeans So I tell I get asked this all the time and mentoring sessions and everything else what market should I be watching even 100%? I want to be watching soybeans I used to say golden Golden oil not right now I would highly recommend avoiding trading those the best you can because the war stuff that headlines it just they're just killer I might my P&L and those markets have just gotten smushed over the last since the war started So I would avoid those for now, but soy beans and wheat and natural gas I know natural gases headline related to but gold stocks talked by GC 155 contracts But that's the most Algorid market we'll look at that in a little bit once this stuff slows down if it does But Algorid markets they respond the best to the big money big money is their worst enemy Right Algos like to whipsaw traders all day long when the big money comes in it disrupts their algo Right so that you get setups in that market. Yeah, I'm talking to 300 ticks straight all the time All right, so that's this is I did it fix is on Scott Yes, no. Yeah, it's gone. Okay. So I mean I'm talking to the developers here They don't know what it is. It's kind of a new thing and the build you're using might be suspect. So anyway Seem to be gone now I'm on the brand new one 7.31 go 174. Yeah. Yeah. No, I got that that is gone. Okay All right, so we're watching this Soybeans as well. So it means ATR is 2.88. You can see it right there five minute ATR So we have definitely gotten an ATR below here Right, so if we retest fail I'll go short I will this is a concern. That's my conservative entry and I know we're above the yellow log So I'm being conservative with my entries above the yellow log below. I'm aggressive See here See we're above the yellow log here, right This is interesting too as far as bigger picture stuff. We tried to get inside there failed now. We got inside this prior one Now we'll see if we can get inside here then that the tendency is to get to the other side so we got our setup if we can Uh, we'll short that that set up a retest fail and hopefully we get inside this and I'll be watching this as my as my target Bottom of this one here and then ultimately hopefully the blue log that would be a very very nice straight So again, I say this all the time I wait for you know before above the yellow log I wait for full ATR retest failure getting a 90 percent of an ATR There is a chance this does not retest that zone obviously, right? But the majority of the time it will retest it and I don't chase markets If we were below the yellow log, then I would get in immediately at 90 percent of an ATR So we're not below it. So we'll wait on that Come on here. Did we get an ATR? I'm hoping I know this trade here. ATR here is 8.94. So there you go Maybe missing this I'm going to get in just above the spec ammo owner. All right, so Let's plug this in real quick for You know forward so eight and a quarter points. So we definitely got an ATR above here, right? Here's your retest This is the pattern all day every day And now Eight and a quarter points is 90 percent of an ATR. That's where I will enter this trade So that puts me in actually oh three 75 So that's where I should have been in I wouldn't even been filled there But I put it just a tad above this spot gamma level there comes. I have to in my auto trailer So I gotta send all this stuff through All right, so that's that order. We're still sitting in this stepbrothers zone in here I think we lost your audio Yeah, I don't know if you can hear me Scott can you hear me? Can anyone hear me? Okay Okay, Scott. Yeah, we lost you on on audio there Yeah, hold on a minute everybody. I'm gonna be Texting Scott. Hopefully he gets this Scott be there Can you hear me? Yeah, now I get you can I don't know what's going on. I just refreshed my discord. I have no idea what's going on here You got my screen? Hold on. Okay. Yeah, let's try it again There we go. Okay. Now I got it. Yeah We're back. I'm not sure what happened there Um, I forgot what I was saying now It was very important. Oh, so anyway Of course everything I say is very important So I was I had this as a three line. I just changed it to two because I I'm risking too much here. So Again, ATR is I'm risking 90. I'm getting a 90 percent of a five minute ATR Which is eight and a quarter points above here, right? And I'm risking eight and a quarter points below here. So that's 16 and a half points alone there Um between this and this and then you add in the the size of this Of this stop run Zone that's another seven points seven and a half points. That's like 24 points of risk, right? So then you This take this risk calculator and you plug in your account value and everything else And again, you want to be risking two one and a half to two percent of your account value I'm not going to go on those rants today. Hopefully Um, but you can see here if I'm risking 24 points the most I can put on as a tula This is the most important part of training guys if you're not following this You're trading too big for your account and you're gonna blow out eventually and when you have a drawdown So for instance the other day I had my first max 161 contracts my first, um Drop dead drawdown in like three or four years Where I had to literally stop trading. I did my pm webinar and I basically gave myself one more trade, but It it happened it will happen is what I'm trying to tell you I don't care how great of a trader you are or think you are You're gonna have a day that you go on tilt. I even call I'll go into that rant a little bit I don't feel like talking about losers while I'm trading by the way. All right, so this is another stop run here Never got filled Luckily now ice ice for itself. Why 100 contracts? All right, so this is gonna get tricky if I want to trade this newest setup, which is a lot less volume Get confused here. Hold on a second All right, so that this stop run you can see the sweeps here, right? And that was threshold 581 my threshold for stops is 500 meaning I only trade stop runs of 500 or higher those are The most important meaning market moving events So now I got to make a decision whether I'm going to trade this In the middle of this zone potentially more more my entry would be But technically What I'm going to need to see anyway because this is a new setup, right? This is canceled That by because we have a new setup now I still again have to see Because we're below the yellow lug. I need to see retest failure that zone to go long I could go short aggressively which I will as long as the You see that just still pretty oversold, but it hasn't really mattered today so far um So in normal circumstances if the edge isn't ridiculously oversold This newest setup I will take aggressively because we're below the yellow lug. I'll take 90% of an ATR Sure gas number in five minutes, by the way So I have to make a decision where whether I'm going to trade this to the short side aggressively I really really don't want to do that because the edge is oversold We've had a pretty big sell-off and remember we talked about right being in the webinar This buying tail actually I think it was nasdaq, but same thing, right? This is an area where this could bounce Which I need to draw this zone which I'm going to do right now So I'm not going to go short aggressively there Just because there's a lot of stuff right here where this could bounce So you got that It's pretty wide zone. I understand It could bounce anywhere in here Good enough This is you know, this is what started this directional conviction We came down Put in a buying tail that both of those alone even one of these is where you can draw a zone You have two in the same area. This is an area We could still go a little further, but this is an area where this might bounce High likely at a bouncing. So I'm not going to go short aggressively here So what I will do now is You know if this does so say we do this right to say we go full atr below this white zone That's the new stop run if we go the full nine points It's nine and a half points now if we do that retest fail I'm going to have to go short because that's conservative entry But on the long side I'm looking for the same thing because We're below the yellow look and I only take aggressive trades to the long side above the yellow look So basically no matter what for this setup. I'm waiting for atr retest fail That makes sense This zone We get an atr below here is the question Looks like we did I'm going to have to short it then if it comes back retest fails ATR is 39 points. See down here 39.05 Top of the zone was 65 half. We got all the way down 10 so that's 55 points. So that is an atr and you can see So when I tell people all the time, you know These are magnets right liquidity is the number one thing you want to look for when you're coming up with your thesis for the day Hey, where's all the liquidity some some days? It's like, you know, I'm both up and down That means it's probably going to be a range day There's another day where you just see layers and layers and layers And it's going to fill it. So just like I was telling my room yesterday. There was liquidity up in an ES. It's 42 50 43 50 and I said If that liquidity is still in there going into the fed number, they don't pull it It will go up there and fill it I said that the day before because it was in there the day before and it was still in there the next day All day into the fed number Well, and behold straight up fill out the liquidity and then die So anyway, this is you know, you always want to use this as magnets But you got to pay attention the first time down here We have these algos that pick up the size and they run the market away from them because they They're just they're programmed to do that because if someone just comes in and drops them like a thousand lot The algos run it away. So they're trying to get the thousand lots a lot to chase the Chase the To get into the trade, right? Obviously this isn't chasing anything. It's been sitting here forever. So My point is if you're short right now, you want to watch as closely if it starts to peel away I would get out This will eventually get filled but this could pop all the way back up here And you you don't want to have to deal with this nonsense, but just be aware liquidity First time down algos will front run it All right, so again, this was a atr. So if this goes at retest fail, I'll have to go short even though that It's a little scary right now Yes, yeah, again, we're in this In this tail. I mean, this is the ultimate zone. I think we can bounce, but I'll I'll take a short here You know, if we do a atr retest fail, I'll take the short and I'll watch that zone very carefully to be getting out of that trade I'm talking so far and not a lot of trading but Trying to be a little prudent here with these trades I'm gonna watch here too. These are all areas that this thing can bounce at any time You got blue lug in 9 12 9 0 1 as well And these markets are just I I've never seen both ways every day It's just like just relentless just for an hour hour and a half two hours just straight buying straight selling Yeah, so this is also That's the natural yes number So this is interesting as well, right we talk about this all the time in my room This is a fail breakdown, right? This is another fed when you get fail breakdowns. What should happen? This thing should just keep motoring. It should not come back That's telling you something's really wrong And that's what's going to happen in my opinion It doesn't mean it's going to happen today. It could the way this thing's trading it could but This is telling you what what should have happened didn't happen in many times What what should have happened if it didn't happen that the best rate is size by ng 150 the best trades the other way All right, so let's see. We're right here and maybe drink natural gas because that's All right, we're still dancing around this second stop around this white zone. So nothing in the ash yet Natural gas so again, this is the most algo ridden market out there I'm not seeing anything here. That's not zone worthy something else comes in there Still waiting for this And still waiting for like I said, this is going to get their fill because I always get their fills right now But first time down here. It was the algo front run for about 50 points. So But these are so let's take a look at where the liquidity is You can see you can see we're probably this is probably coming down here today All right, look above looks like a black hole Below liquidity liquidity filled filled. So remember these are magnets. They're not New people knew to book map. They'll get this. They're like, wow, look at these big bids in here Look at this liquidity. I want to I want to be a buyer Really wish I were taking that short at the beginning of the day more huge cell ice So this is obviously out of the ordinary day, right? That's why I'm like I'm not taking things aggressively. So I should have taken this trade aggressively out of this last the step order zone But you know, this is like a 5% day most days The edge is oversold we get that kind of move would come to important areas it bounces So that's why I was very hesitant to take this trade But up here anyway, this step brothers was at the yellow looks so again I don't feel so bad The main trade I missed was before I even get on the webinar and I would have caught like 200 points already 300 points Gold's top top sell gc 192 contracts not trading gold. All right. So again, he had sell stops and sell sell ice another step brother setup Maybe one of these we can trade I just get it just drives me crazy when I miss movies like this Especially the downside because I want this thing to go to zero I want these buyers to get it handed to them The you know the overall buyers that are buying this thing incessantly for two years So when I miss this kind of move it like it feels like I'm losing money So Important area. We're not quite at the blue lug obviously, but we're at the bottom of this slice right through this guy Sliced right through this guy. Is this gonna bounce here? See what the edge looks like This edge has cost me some money today All right, so it's pulling back too. So I'm not afraid to short now To all dependent on what we do here So now I have to make a decision too, right? So we talk about risk reward all the time on your trades. So When I when I trade I'm always out at opposing signal or the blue luck So I have to decide now is it worth going short? And so this here's your step brother setup right here Is it worth going short 90% of an ATR ATR is up to three seven points? So I'll be getting in pretty much 30 points below here So I'll so I'll be risking probably 80 90 points to make 50 to the blue lug is that worth it? That's I have to decide I don't think it is I'm just looking for a place to buy right now because we all know these markets. It's gonna like Does this and then it stops and then it just rips 200 points the other way So that's what I'm waiting for 34 34 points would be my 90% because we're below the L log right so I should be getting in 34 points below here. So this is right around 85. So that means I've been at 50 That gives me 50 points of profit to the blue lug But I'd have to be risking 34 points in my entry 34 points in my stop plus the size of the zone. That's another 20 so that's What 68 98 points So I'm not going to take the short because if I get in here I have to risk all the way up to here That's 98 points to make 50 no go All right, so I'm just hoping this actually turns into a both setup if I can go long If we continue to sell off, I'm going to really watch this last liquidity level It's too down here, but that's going to be blue lug if I get a signal there. I'll take it aggressively This is comical man, honestly when I am short I seriously get tortured for hours with snapbacks snapback snapbacks when I'm not short Let's just drop 400 straight points. Let's just do that the perils of trading So anyway, like I was saying while I watched this thing go down another 200 points About having your risk levels, you know as far as the size you should be trading Any given day you could blow up and go on tell it So I was talking on monday r2 was tuesday and like I had lost like three or four trades in a row in nasdaq So A couple a couple stops that stop out to the ticks or entries to the tick and then rips the other way I made a couple mistakes, but I was on tilt. I can feel it. I even told my room like I'm not seeing things clearly I am starting to get on tilt and then I continued to trade and I got killed and it was my first See that in here, um, it was my first drop dead day where I had to stop training in like literally three or four years But that's what you have to do because again when you're not seeing things clearly So I when I was putting my trades in so you can see even here. I so I put these in my room I'll show you guys quickly for something to happen here So I put all these trades in right so I'm going through these trades and I'm looking I'm This is a new feature for my room by the way where I'm putting in every one of my trades where I'm finally keeping track of everything Which is just so daunting to do. I mean this takes forever to do but you got to do it if you want to be a successful trader, so I see click notes for this train wreck. So like for instance on this setup. I entered this setup short In the middle of a huge buy ice zone after Actually, I stopped out first in the middle of a buy ice zone instead of putting it below there And then it came down again and there was a short setup That was this one and then I shorted it in the same zone and lost both trades and I My point is once I looked at it afterwards I'm like what what was I thinking there? Right? So that's my point when you go on tilt You are not thinking clearly and it will happen you I'm telling you it will happen you take it from me And you you'll look the next day and you'll be like was somebody else trading my account Like I don't know what this is. So the point is you have to have Control your risk on your individual trades and you've got to Contact your broker and have them stop you at a certain amount because you may think you'll be able to do it Most people can and you can literally blow up your account So I'm just still waiting for the setup. Let's see what happened Remember, I'm not shorting that though because if we're too close to the blue lug, that's how much I respect the lugs I know the blue lug. There's a very very good chance. That's the end of this move for now. Anyway So this was this This was barely threshold I'll draw it S&P stop stop sell ES 509 contracts I cannot stand when I miss days like this or miss moves like this. All right, so this is another 700 So I'm just going to draw this one. This is the most recent Get that remember to incorporate all your prices in the move All right, so you got another good 30 points here So I could trade this I will trade this to the short side. So This is probably gonna be out of the move if I enter this but I will do it. That's my rules This is your stop run. We're below the L lug. I will get in 90 percent. I'm an ATR below here. That's my aggressive entry ATR is 9.49 5 4 is 90 percent. So I round up. So eight eight and seven eight three quarter points below here I will short this to we'll check that So let's see that's 73 quarter 65 quarter 64 50 is where I can short this So I'm willing to short this right because we have quite a ways to the blue lug That wasn't wanting to do it in the yes I mean, I'm sorry. I'm cute. It's too many So already now so eight and a quarter eight eight and a half eight and a half is 17 plus the size of the zones another three actually I think I could put on three now All right, now you got a double whammy I'm going to cancel that and draw this new zone and try to out for this These markets never cease to amaze me honestly. All right, so you got this is a double whammy, right by Cell stops into Waiting ends of bias and this is the first bias we've seen for a long time. So this could be it for now Let me get this out of here since it's Let's draw this zone. All right, so I'll do the same thing with this one So if this breaks, I will short it Hopefully nothing new comes in where I have to draw another zone ATR is still nine nine point nine four Nine four so nine points out of here. I can short this thing bottom of the zones of 67 58 I seriously feel like I'm getting kicked in the stomach missing this move like I can't I live for these moves I live for that just incessant selling Birds getting hammered. Actually, what am I doing? I can't take this short either I'm sorry guys. So the same thing applies to this short, too So if I get it at 58, here's the blue lug at 47 and a half. I'm risking 25 points to make 10 I'm not going to take it I'm basically what I'm going to do here It looks like it just washes things sell off to the blue lug and then I'm going to go along down there That's what it looks like. I'm going to do this. Let's look at let's look at crude. Why not? That was actually a huge stop run. So let's see what's going on down here. See here 565 that's a ton thresholds 150 for this market I mean everything is firing off here. Soybeans copper natural gas crude All right, that's that Hey, the market's bouncing a little bit. What's going on here? So actually what I will do I will go along here in the S if we do ATR retest failure Let me clear out some of these zones because it's getting clear this out So remember when you're trading these you want to default to the most recent setup, right? So the most recent setup is this double whammy Thousand buy ice sell stops into the waiting hands like a thousand sell stops into the waiting hands of buy ice This is the first buy ice in a while So now if this goes ATR retest fail, I will go along the shorts out of the question right now because we're so close to the blue Look, I missed my chance. I should have just been shorting this aggressively this whole time but that edge kept me out of it Again, this is a 5% day 95% of the day when you when you see this thing And over minus 75% or where it was this whole time. It's been up here this entire time The market will bounce, right? So it's like this is just a different different day. It doesn't happen very often But what you also want to notice here on this last double whammy finally getting This could be like the end of this move for now They're finally running into You know when you see high volume in a sell-off there's obviously buyers responsive buyers as well, right? So that's this could be the end of this for now We'll see happy. I missed it. But that's what it is All right, so we need to see nine 10 points out of here the ATR is 9.87. So 10 points out of here top of the zones at 75 So we need to see 85 and almost got there Again, because we're below the L log I need to see full ATR retest failure and then I will go along at nine points above here Which is 90% of the full ATR and then my stop will go nine points below there Any questions Bruce like why why won't you put on a trade anything like that? Yeah, let's see here Alan put a video in something kind of interesting on trading stop trading on tilt Looks like pretty good Very important no FOMO. Yeah. Yeah agreed And then let's jump over here into youtube Does basis points Factor into finding a trading zone If so, could it possibly influence a lot sizing if that is part of the process What I don't understand what that means we need basis points Um, not really sure. Um, what what's what's meant by basis points either? Just reading the question here So, I don't know Sam if you had had more maybe to add to that That gap size size for Excel MG 151 contracts Boy, that's about it. I mean we're pretty caught up here already. I mean, there's not a whole lot Yeah, because I haven't done anything so Um, she's like see where I include So we're below the L log. We've accepted back into this prior profile So again, I try to avoid trading crude, but this is enough size where I could Take this trade It or something so size for Excel. Yes 761 contracts And I honestly just looks like we're going to the Lug and then that's where I'll buy aggressively other than that I've missed this move It is what it is It feels like I'm getting kicked in the stomach, but I missed it It is what it is like I said So watch watch this liquidity get their fills and then watch the market rip up honor points like it always does See what happens here So the crude trade Let's see what the ATR is in there 51 51.6 153 contracts And you got a new setup I'm sure at the bottom of this stop zone as well You always wanted to fall to the most recent setups, so now I'm gonna have to You're still coming in. You can see this buy ice coming in here I'll still short this But it's now off this new zone All right ATR is obviously very elevated in here. If you don't trade this I would not In you for trading crude not trading crude 46 points is 90 percent. So I round up 47 ticks Most I could put on as a one guy So 46 Ticks outside of this zone Puts me at what's the bottom of the zone So 50 is 61 65 That's where I'll short that Again, I'm taking that aggressively. Oh and look what's below Where where you guys think we're going today? Let's see black hole Quiddity quiddity quiddity. That's where we're going These guys run the show They will get the market to move into their orders so they can either get out of their shorts or Initiate longs, whatever the reason you're never going to know Um, there was a question the other day. I saw late and I have an anxious to answer asking about There was icebergs above sell ice and now there's beds below. Do you think that are there's bias below? Do you think that's done getting out? I I don't know and it doesn't matter, right? It's the area that matters. You're never going to know what big players are doing, right? You can This is the best guess you're going to have I mean you can see the games in here Like I say every every day if you can't beat them join them, you know All these markets are completely manipulated, right? And so all you're all you're complaining all these years about manipulation Is 100 correct, but you can see What how it's being manipulated? That's the whole point so you can see liquidity You know, well, these are guys are going to get filled you can see the hidden orders the buy ice, right? So it's like this is coming to an end. I will I will bet anything this thing bounces now But we'll probably do one more fill here. You got your buy ice here You got liquidity liquidity fills here and then we're going to do that I that there's about a 90 chance of that so again I missed the shorts now. I'm just looking for an area to buy this but back to what I was saying This is the beauty of having the power of having this information, right? 99 percent of traders know nothing about this stuff. That's why 95 percent of traders fail, right? You can see all the games and see what they're trying to do You don't know what this is. You don't I mean, you know, this is buy ice Are they initiating position? Are they getting out of a short? It doesn't matter Are they hashing options? It doesn't matter guys. You're wasting your time trying to figure out The why's just know the what's this is here Big sellers in the hidden buy ice, you know that you know liquidity once they get filled That's all you need to know. You don't need to know why anything You're never going to know why unless you got if you're a god. Give me a call Give me some give me some good Trains, please All right I feel like I'm on tilt. I haven't put on a trade just because I I cannot stand when I miss sell-offs like this It doesn't happen very often. I mean, it's nice for itself and then you got every market firing off in my ear I seriously feel like I'm going on tilt right now Well, hopefully hopefully that doesn't happen during the webinar Let's see what's going on that gas. Let's he'll call me. Hey look. Hey, hey, you see anything here guys What do you see here? So this is important too, right now that we're talking about liquidity and stuff this stuff does not matter You know what this stuff is is this stuff and this stuff. These are algos This liquidity that is nonsense. This is guys just screwing with the market algos screw in the market This is important. This is sitting in here this entire time So something were to happen in the market were to spike through this these guys want to get filled Yo Wow 150 This is going to be this is this is this is going to make me happy. This is going to get me out of my tilt So once again, most algorithm market out there Look at the screen if it looks like a Christmas tree, you know, it's nothing but algos, right? But The big money are the out. Look at this. This is huge ice for this market sell ice You can expect a monster move out of this area and that is the whole point you want to find areas that A volume of that to trade off of and then when it's it's in line with your thesis for the day That's when you get an a plus trade And I just saw below All that liquidity now we're seeing sell ice. What are you things going to happen here? Again, I don't just Go short because I saw liquidity. I wait for the volume event. Well, here it is But do we know what it is yet? No, it hasn't gotten out of here But I I'm I'm suspecting with this kind of size We're going to do this and we're going to go right down and fill all that liquidity and that's not close that's 300 ticks away 200 ticks away So we'll watch this closely. Let's check our lugs Makes me feel good to get away from the equities right now Gas ice ice for sell empty. Wow. 152 contracts I'm not I'm not telling you the direction yet, but I'm telling you there's going to be a big move out of here Why didn't we not build new lugs here? All right, that's selling. I'll still sell this thing because I this is just huge. So we'll see what happens here So what I'm going to do here Is because we're so close to the blue lug as well and so say we break lower Um, I will wait for ATR retest fail and I'll go short Technically because oh well, no, we're not at the blue bug. We're below the yellow lugs So either way I need to see I'm going to see ATS retest fail Which are probably 95 chance you're going to get in this market because of the elbows So you just buy your time and wait, but I'm telling you you're going to get a mammoth move out of this area ATR in here is 50 ticks I need to see I might have to widen this sound a little bit 50 ticks out of here 50 ticks out of here retest fail retest fail I'm hoping it's this way because you know that liquidity is going to get there filled by the end of the day There's still a little bit of buff here. That's been in there for a while Looks like somebody wants to sell Matt gas today. I wonder if they'll be right Again 546 123 Another this is like over a thousand almost a thousand sell ice in this area. That is the threshold for this market is 150 That's exciting. If you guys aren't excited by that then not much is going to excite you I know you may say I don't trade natural gas trade the The mini one it's not a true mini. It's like a quarter of the size. I think it's q q g And q g that's the cqg symbol anyway um our rhythmic symbol Trade that but I'm telling you this is going to be a fun trade. So we'll come back to that Let's see what these pigs are doing See we're already into farm animals bruce because that's how upset I am that I've missed the smooth All right till we get ATR Did I already miss ATR retest? I sure did. All right, so I should be short this Oh, no, I can't go short this. I'm sorry because we're at the blue love Something doesn't want me shorting today Let's see We're just so close. This is how much I respect the lugs guys. I mean Normal normal circumstances if we're far enough away from this, this is absolutely a trade Especially with this liquidity sitting here Here's your ATR. Here's your retest. Here's your failure That might be aggressive I don't like doing this on webinars because I don't want to change rules, right? But this is pretty inviting to 180 contracts. Okay, there's some sell ice and uh, I guess This is pretty inviting here. So let's see. ATR is up to 44 If I lose then it's a good lesson for you guys not to break rules. So it's good either way 39.65 So 40 points out of here was would be the aggressive short. This pretend the blood's not in there They're sitting there. So I should be short at 43 quarter All right, here we go breaking the rules so I can put a damn trade on So you're welcome if you've been buying this waiting for a bounce because here it comes because if I break my rules I'm I usually lose 90 percent of the time So 43 quarter That will short that Where I'm going to stop out. I'm not even going to mess around with this if I get filled on that I'm just putting my stop right above this right above this scenario. I'm not going to go a full Um, I'm not going to go 90 percent of an ATR again. I'm totally breaking my rules here But I just I can't stomach anymore selling without being a part of it Especially with this liquidity right here. So I'm gonna take a chance here. So don't try this at home here below this Hey, they're selling that gas. I don't know if you guys know that or not. Let's see if we can get 2 000 sell ice in this area Again, just sit here like a sniper and wait because I'm telling you you are going to get probably a 3 400 to take move out of this area would be my guess I think we put one on that we're going to put it one on last week and I I mean I had my order resting I actually got filled and I made like 200 ticks on it. If you guys took that trade You have to be very happy with me right now Probably happy with right now because I haven't put a trade on yet You think this is important to know guys like if you're just staring at this like most traders are You have no idea what's going on here. You're like, oh, actually, this is the day. Let's get it back to the 60 minute This looks like a great buy here. This is going to keep going up No idea what is happening right here right now About 1500 sell ice so far that you think that's important to know. I think it's important to know I think it's the thing to know And you know it Well, let it keep coming in see they keep buying it and they're running into mouthfuls mouthfuls another 300 This is the most I've ever seen in this market collectively So now I'm gonna start to get excited again Wow, there it is. Are you still Don't hear me. Okay This is gonna be fun. Look at it. I'm gonna I'm gonna take just I'm gonna again I'm gonna break my rules here, but this is I can't miss this trade, right? I'm gonna wait for ATR retest to put on full size, but I cannot miss this trade out of here This is ridiculous 50 50.56 is your ATR 45.5 so 46 ticks out of here. We may already got there. I'm telling you guys this is going to be a monster So this is at 44. All I gotta do is hover over the damn thing So 98 I already missed I already missed it I already missed it So I'll get short if it pops back up here if I miss this trade I'm saying you guys are gonna hear me cry on there. I literally I'm gonna literally start crying Just please please come back and at least fill me on the one guy. So anyway, this is a full ATR already What was that four seconds? We can ATR retest. I will put on full size and this is exactly where we're going All right, fill on that. Thank you so much here is All right, so on this order that I just got filled on I gotta go What did I say 46 ticks that's 90% outside of this zone? So that puts me at 84 13 that's where I will stop that if this retest fails. I'll put on another one And guys the only thing about this is you're gonna get it's probably gonna do that But I'm telling you it may take a couple hours and you're gonna have to go through this because of all of this Because of the all goes in here. So just remember that You will catch monster moves out of here, but you will go through torture. So if you can't handle Whipsaws, this is not the market for you. I can tell you that I think I filled out my NASDAQ broken rule Yep, there you go. Here's your rule break Get ready for a bounce. All right, so I'm gonna stop out right above this zone that comes back I'm not even I already broke my rules. So might as well break them a little more I'm getting out right there. I'll just glue it out very very carefully 1901 So we could go through that blue lug and that that would fill this and this and then I'll bet you we do that So we'll see again. I'm gonna let the volume tell me that but that This is a little overdone And we're coming into important areas. There's really nothing market profile. We just literally blew through two Composites that tells you something right there this one and this one These are older ones in like a year and a half ago. That's the last time we were down here I will watch for a bounce and then if I do get long I'll be watching baby lug yellow lug for potentially get out of some And or opposing signal. All right, here's your retest Now if this fails out of here, I'm putting on another one So how many markets have we seen already that literally came right back to the area because that's just what happens, right again traders that are caught They hold their breath. It comes back to the area. They're like, thank you God, let me get out of this trade whoever's longer all these buyers are like, oh, thank you I just thought I was gonna get killed. I'm gonna get out now and then the next wave That's what causes that Right into that the ultimate edge All right, so you haven't nothing's happening here in crude These two zones Know where we're going there as well Okay, I don't think you know understand I say every webinar and I'll say it to the day I die What what an edge you have here knowing this stuff So first of all, if whatever trading platform you have besides rhythmic I size for sell PC 150 I'm not looking at golden whatever Platform you're using you may see bids in here, but it only goes a certain Well, how many levels does it go Bruce like 20 levels up and down For everyone but rhythmic meaning they're not really showing you the real orders below here So you can't even see this liquidity So anybody using any other platform besides rhythmic can't even see this liquidity Let alone book map where you can see it visually like this. Is that right Bruce? What what is this? Yeah, so so It's gotten a little I recently was testing CQG and it it appears it appears that some weird things it used to be I used to get full depth on crude and gold Now only crude Gold is not full depth The es was was not full depth. It is now But the NASDAQ is not All right, all right, the blue love 157 contracts put any one It's really surprising. I'm really surprised. It's the liquidity got filled not I'm gonna hit the last one and then let's see you rip 300 points back up. You can do it What I'm gonna do on this one because we'll be able I'm gonna get out of my right shoulder you about the front run So I'm gonna be getting out a little in front of that right there because I already know we're at the blue love That's already a very important support area Yeah Now In case this does go a little further I don't want to risk that the algo is picking up the size and then ripping it So I'll be out just in front. This is what the lugs look like. We're right at the blue lug That edge is still oversold I honestly can't remember ever being in a short that literally just did this for this long ever But I've been watching it though. It's really fun to watch. So you have thousand stops here Seven is it's 1700 stops. So again, this is right at the below two This could be it for now. So your liquidity Hey, look at that one contract is coming in buy ice and liquidity It's all a big game guys. If you know what the game is Makes it so much easier Filled 308 compressing 308 contracts. All right. So right now Okay, that's gracious So I guess the world is ending If I get any signal now if I even hear a signal and ask I'm just going to turn on it alone I won't even I'm already breaking my rules today. Minds will do that But no, I usually do this anyway if the edge is oversold we're at a blue lug This thing has gone down ridiculous Unseen usually I don't remember last time seeing this kind of move. I guess those a few days ago But anyway, you can see 87 percent of the s&p sacks are oversold like if I hear anything in here or S&p I'm just popping it along That's those soybeans in there too. There's only 18 markets firing off right now Blue lug here too. So you got confluence as well blue lug extreme standard deviation from vwap And bottom we're trying to get out of this but and then we're so oversold if I hear anything I'm in Anything more You see that there's your there's your front run That was picked it up That's running away and making chase it but they don't chase right because they've been they're like, okay screw you We'll wait because the next time down here. They'll just step on the gas and they'll push it right into their orders meaning they'll start sound this guys this is what's happening because I'm sorry if you've been on all my webinars and you've heard these stories and other times But there's new people on here and it's just important to stress all my setups are based on when I was a Large trader trading thousand lots, right? This is the game. I used to play all day long I put my bid here and I'd wait and I start to You know step on the gas selling selling selling selling and see how the market reacted and then It got really close and I would really step on the gas guys would jump on my coattails Because they see the flurry of orders coming in and it would run right into my thousand lot bid and I would be out or or long or whatever whatever I was trying to do there and It would be gone and I mean I make my 50 grand and be done I'm fully expecting one more test these guys. There's no way they're going to let this move up before they get filled so If I hear anything I'm going longer Anything and I can trade bigger because I'm not going to sound to be a ton of risk I'm just going to risk an atr from wherever I get in based on the zone bottom of the zone So I'm going to do it there I should be getting long right now. That's just bottom here. I'm going to go along here. I don't like this liquidity here, but Again, this is very very aggressive. I usually wait for a move out of here. We've just got so much going for this could bounce with this See what this was this was 2,000 sell stops as you can see it right there and you have another What was this by eyes? That was only 300 so this is basically just a mammoth double whammy our um I'm hoping it's a dumb and dumber right dumb on a puke capitulation God, let me change the color of this zone Because there was really no ice here. It was just uh, it was just sell stops So my stop's going to go. I'm not going to mess around with this because this is very aggressive I'm just going to put it an atr below here Or 90 percent of an atr below here. Actually, I'll go outside an atr again breaking rules. Why not? Atr is up to 11.67. So I'm going to put my stop 12 points out of here And this is not my normal trading style There's you know, these are markets. You've got to make exception sometimes, right? And this is this is one of them and I'm willing to take this risk. I'm wanting to risk 12 points from the bottom of the zone which is 45 and a half So 33 half I'll step out of it And if I take if I take a loss take a loss again, this is Not how I usually trade these right but there's Where I use where I will get in here because I have such an advantage now where I'm not risking much I'll add to this 90 of an atr out of this zone, which I would normally that would be my normal entry, right? Because we're at the blue lug and we have a setup So let's see what happens here again I already broke my rules once it worked out But I don't know if my idea is going to strike choice because again when I break my rules I usually lose Again, it wasn't huge, but at least I got part I literally would have turned off this webinar if I didn't catch part of the part of the sell-off It was nothing compared to comparatively, but at least I caused some of it So I'm expecting one more wave down so they get their fills if I get any signal I'm going to go long aggressively this as well. She's just screwing around in the zone up there Like I said guys, if you don't like waiting or whip saws, this is not the market for you But if you like three four or tick moves, this is the market for you I just hope this sell ice comes back in here Remember I broke my rule on this one as well because I was waiting for a retest failure Here's your retest. It hasn't actually failed yet, right? Remember I got in that just Because I just could not stomach that kind of size and missing that sell-off. So that's fine, too A lot of broken rules say guys. No, again, don't try that at home If you're struggling due to trading don't understand the zones. I would follow my normal If you can go back and watch the 300 webinars I've done for book map And how I trade these zones right today is just a different type of day Again, it's a 5% probably 2% type of day See what I missed here Nothing really this didn't retest this was Pre-market stuff. Hey look, we're ahead. Do you believe this guys? Okay? It is the same stuff in every market Volume runs the show setups liquidity know the game Play the game be the game Be the ball be the ball Danny Movie Bruce if you miss this, I'm hanging up Got lots of lots of threads today Yeah, yeah, no, can you hear me? Hello, don't sit there and wait to read the things. No, no, no. I I know it's caddy shack. I know it's candy shack Bruce you there. Yeah. Yeah. Yeah, it's caddy shack Yeah, I'm he's hiding you guys even hear me or even touch myself. Can you guys hear me? Hello in discord or Yeah, we can we can hear you. Yeah, okay. They can hear us both Caddy shack And this is this is just impressive and honestly like you got to be kidding me. This does this every time Look at this move 150 straight 160 straight points. Uh-huh all the time Yeah, I do or die here we get through through this tail. All right. I need to find out if you guys can hear me I don't really talk to myself this much Yeah, we Scott like uh, something's wrong with your mic. Um, your speaker or something Yeah, so Let me try uh Can you guys hear me? Try something in the chat if you guys can hear me. I can't hear you Bruce. Are you talking? Yeah, yeah, can you can you hear me now? Try now It's it's all good. It's just that you cannot hear uh me. I don't know why Are these texts to me now? You guys can't hear me either. Can you hear Bruce is what I'm saying? You can hear both That's so strange You can't hear Bruce Yeah, yes, they can. All right Half the guys are saying they can't hear them half of them guys and girls are saying they can't I hear both I hear both of you, but cannot hear Bruce hazard. What are you drinking hazard? What does that mean? Both of us Hello Yeah, Scott they they they can hear us. Um, you cannot hear me though for some reason Half the half the people are saying they can't hear you Yeah, uh in discord they said they they were saying they could hear me fine So I don't can you hear me now? Yeah. Yeah, sure hear me now That was no, I was talking cat in the hat. That was pretty funny cat in the hat All right, I can't hear you so I don't know what it is. I could I could try let me try refreshing up because this happened a little bit ago Could you guys hear me? Yeah, yeah, yeah Okay, no, I hear you. All right It's somewhat discord obviously Okay, and then and then when you when you contact them, then they tell you all there's an outage That's their excuse every time. That was an outage. That was an outage Okay, sorry. Sorry. I had to rephrase Yeah, yeah, something something's up So anyway back to me if you thought you avoided the movie quote you did not one movie that's wrong Yeah, that's caddy caddy shack. That's that's a that's an easy one You literally cut off the feed just so you can find out that you probably google that's why you cut off No, I I remember that one All right, so just it's waiting here again This looks like it's going to make another wave down the way it's not bumps not here, so we'll see Got some breath holding here and uh natural grass Again retested his own perfectly not a coincidence Let's see if the 2000 cell eyes can hold the market Again, I'm perfectly fine with this was a very aggressive entry I was willing to take a shot after 140 point straight move which happens never Where's all the buyers at? Where's all the Mimi buyers or whatever they call them? Or they all that 80% this thing has cost me so much money today Because that's why I didn't short to begin with Who needs a 400 point move in the nasdaq? I don't need that So once again, here we go. Just could you fill these guys so we can go up please? Come on So whoever this is should be absolutely ashamed of themselves that they're not just selling some more selling right here to push it Into their orders. This that's the game Step on the gas make everyone sell right into your orders and then watch it do that And I just read in here Get ready for the big flush down. Yeah, I'm pretty sure we have flush now Because we can't keep going but this is pretty much a flush Things are at least so on down See what uh apparos I'm crazy I'll trick up very often, but it's the same stuff guys It doesn't matter what futures market you're training if you know the thresholds And you know how to look at this. This was huge So this guy like I said, you can tell the big money's playing today, right? They waited for the fed to come out yesterday and then today they're coming in you never look at this This is 700 contracts and copper I think threshold my threshold in my course is 50 This is 700 Looks like risk off is what it looks like around In everything Old gas crude That's exactly what today is I don't understand there. They were buying like crazy after the after the Fed just say what happened I thought I thought everything was okay in the world. That's golden every single time every time I mess this up Let's see what the ATR is in here This has not been a good week for me mentally. I can tell you that I've made some huge mistakes Then I'm tilt 10.29 so probably wasn't that high back then before the smooth Probably let's see just seeing if we got an ATR out of here For the retest Yeah, sure did Of course See that there's your ATR. Here's your retest. Here's your failure off of 700. Maybe I should have brought this market up when it was Screaming at me There you go guys same patterns over and over in every market. It doesn't matter This is unbelievable that they're not filling the liquidity. What are these guys doing? They're sitting here step on the gas. He was Wusses 200 so you got 300 by IC or in soybeans Let me guess. I missed a trade. Here's the last wave Taking on the chin on my aggressive entry and yes looks like Well, the other thing you want to look at too. I already know what it says. I am 106 com frame 106 contracts. I got ym She never see Thank you. Um, I already know this is trend down. I'm gonna have to look at it Look at that 2400 you see under 2000. It's trend out not that there's some revelation now and qi size by nq 152 contracts. Remember I said about the The first signal I heard I was going along I can find the market. I'm sure I've stopped out of my ES I don't know yet Looks like we're going to fill this liquidity too So guys this is going to bounce eventually who knows when When it does you should be looking for places to sell when the when the add advanced decline is that that drastic You do not You're gonna get a bounce. I'm shocked it hasn't happened yet But the shut the bounces are going to be short-lived. It's going to do that and then that that and then that it's going to happen The rest of the day Was that threshold? I'm just going to buy an Buying an array here So again, this is very this is very aggressive. I'm not even waiting for the zone And it wasn't much anyway. Well, this was not threshold. It was 136. It was close enough I'll give it a shot and I'm just going to risk an atr below 90% of the atr below this So again, both of these are very aggressive, but I explained my thinking there 45 45.16 of your atr 40.64. So 41 points below the bottom of this What's mad, uh, what's that 30? 35 34 I could put more size on a little I make a whopping too lot because I'm only Actually, I probably put on more than that I'll keep it at 2 if it was more side. This was threshold. I would have that would have put on more We'll just keep it at this This feels like it's going to make another wave. We're just this is a weird weird day Literally, I would say this is 1% day type of day see 1% of the time probably not that low at least It's no more than five. I could tell you that All right Long both. I hate breaking rules on webinars like this because it's gonna I don't want to teach you guys to be like randomly Doing things right like I have I have a Way I trade I have my rules, right? I have a process and I follow them 99% of the time But since it's a 1% day might as well do 1% where I don't follow my rules This is I I think it's worth the risk here, you know In I think this is going to happen It doesn't matter what I think but work that gas I size for cell ng All right, this is 151 this is trying to push through that zone, but they're still selling it so we'll see Look if I get stopped out here and then the same thing I'll I'll short this again If this goes full ATR above here that gas I size for cell ng 150 contract I'm just going to put that I'm just going to make this so bigger You know if this goes ATR retest fail I'll go long because that'll be a broken eye That's one of my five six setups broken ice paper's not always right But I'm telling you what if they're wrong you're going to get another you're going to get a forward tick move this way So I'm hoping the right obviously because I'm short Remember, this was an aggressive short. What was the prudent way to trade this? Like I said You wanted to wait because we were above the yellow lug. You want to wait for ATR retest fail Well, it hasn't failed yet, right? Because many times you get ATR and then rips. That's why you wait for the failure to confirm the area Somebody try to corner the market I've never ever ever ever seen anywhere near this type of size In this market ever did I say ever another 200 another 300 And it's coming in again if there's any day you're going to try trading this market today is the day No matter what happens here. Like I said, if it rips up wait for retest failure go long rips below you can go I'm not going to wait. So again, this is like a new setup coming in But I'm not going to wait now on the new setup retest failure. I already saw this There's some sell ice and neck ass Okay, you guys are wondering Yeah, that's amazing. Can we get a bonding? I've never seen it. I've never seen anything near that I mean one after another major player. I wonder if the people shorting it I wonder These are their bids down here Hmm No wonder Again, you don't know that right, but it does a pretty good assumption You're never going to know that's why don't waste your time trying to know like responding Whoever put that in the book map room the other day asking me do you think they're doing this? I don't care what they're doing I care about the volume areas This is not be aiming right guys. This is going to make another move lower I mean, I'll keep the trade on but We all know that if you trade the yes or thank you at all I mean this should have already done this at least temporarily. I'm not saying like it's going to move up 200 points But at least a 20 point move Give me a break, man I'm putting this in a 1% day this trading action I'm I'm putting my name on that 1% of the time you see this Or this literally just will not bounce at all after a 140 point move I just get mad at this stuff because it's like when I when I'm short I have to even if I you know, even when I have my winners. I have to endure this stuff Everybody knows that who trades these markets, right? And it's like the time that I'm not short Or actually get along aggressively. No, let's just sit and then die sit and then die Like I said guys, I'm not having a good week mentally. It's good for you guys to see, right? It's like I am a professional trader. I've been trading for 24 years or whatever it is And I still fight with my mental game, right? It's This is the hardest job It's the most gratifying job the best job in the world next to being a professional golfer. I think But this is the hardest job in the world mentally like you're not going to get a harder job Everything you do is against human nature Everything that's why it's so hard. That's why almost nobody can make it So yeah, we have the setups. I I know I have an extreme edge in this market proven But I still struggle with the mental side because it's it feels like you know, you're getting tortured at times It felt like I was getting tortured on that move down not participating in it And now I'm waiting for a bounce that happens 99.99 of the time and it won't bounce That that is where I start to lose it. I've got to get better at it You know another 25 years. I should be good. So the doctor up to me when I'm 75. I should be good to go So if we get I'm going to be getting out of at least one back into the step brother setup Barring it something new What's just happening there? So the liquidity get didn't get filled a little bit But they just looks like they put more in there or they didn't get their total fill Hey, well, what do you know a bounce so soon? Like it only took two hours. That's not bad I just love like I always catch myself to like I'm getting mad at the market for not doing what I wanted to do How ridiculous is that? That's pretty ridiculous All right, so let's look at some areas we're going to be getting out of again We're finally getting a bounce, but do not think For one moment that this thing is going to rally back 200 points That ad d this is a trend down day So you start watching for areas even marginal areas that you don't usually trade off of like here's dva, right? Daily value or which is one standard deviation Algos will kick in and then put it back down If we happen to get through there, then this is going to be a real good area to be looking for shorts the whole lug vwap and that's also going to be Right in this area. So it'll be the top of this profile the bottom Well, it's not quite the bottom, but this is an important area. So if this happens to do that I don't think it'll make it that far But if it does this is going to be a great place to short if you get the volume signal. That's that's the key I almost want to get out of one of these right here Because I just have a feeling we're going to do another wave, but I'll keep it on I'll be a good trader Stopped out in natural gas. So again, I broke my rule there, but Now this is this isn't a perfect example paper's not right yet It's got an ATR above there. So I have I'm going long. I know there's liquidity below here But if this retest fails out of here, I will go long. This is just how's the cell ice feeling right now pretty good Actually, let's make this bigger I broke my rules there, but I that again, I'm okay with that roll break. I was wanting to do that This actually trails all the way up to here Yikes So this was another 300 600 800 close to a thousand Just in this This one I'm gonna do actually Because let me can trade off the smaller smaller zone and not be risking the 80 80 techs on a trade just for the zone All right, so this ended here. Let's just change this real quick You can see this was one house too by the way. Look at this. So all of this ice is this black line. That is one player That sold like 2000 whatever this was That was a lot Now came back up here. Remember we moved down That was the atr here's the retest and never failed. So I actually should like I said, I should never been short But I was willing to take that risk now. This is another setup and we can trade off Because this is another thousand ice So nice same player. This is the same. This is the same player, isn't it? I think it is. I mean it started coming in here Again, it doesn't matter who it is. Whoever it is is not right right now. That's that bottom of that zone Let's make that this So make remember you want to make sure you get all the prices in the spike, right? That's where you want to use this little crosshair tool There you go. So that's the new zone. So atr in here is now 52.4 So 53 ticks did it get 53 ticks out of here Top of the zone is 37 That 90 Yeah, that's an atr I really didn't want to buy this but Again, the market's telling you it's telling these guys to go That's themselves, right? For lack of a better word. So this does atr retest failure all along See, this is why guys. This is exactly why I wait to see how the market reacts to this zone So anyone who has bookmarked there could have been like, yeah, all the sellers. I'm getting I'm getting short and you get smushed Right, so that's why the majority of the time, especially if you're just wanting to stuff Wait for the atr wait for the retest then wait for the failure That is a much better success than just hopping into the middle of the zone Because I hear all the time, right? I met her the guy yesterday He's like, what got your risks your risk is so large like you're getting in atr below and then risking atr Right. Well, then you cut down your size, but I I'm not trading I'm going out of ran again. You guys hear it every week. I'm not trading The the market does not care what I want to lose the market cares about the volume events So you don't want to be stopping out in the middle of the volume events Get it away from there if that means you have to trade less than trade less But if you can trade a hundred a lot if you want if you're only risking 10 ticks You're going to get stopped out the market doesn't care what you want to lose it cares about this So put your stops you have to adjust your size and trade based on this I ran on that waiting for a retest. Let's make sure we hear it because if I miss this trade, I'm literally going to cry Notifications enable this is what it sounds like Very pretty No, we wait Oh and next week guys, I'm going to have a little bit of announcement. So I'm not going to get full details on it, but I did a look at oh, I just missed this dammit You're pregnant. I'm just going to get out of these right now. I'm going to press my luck. Hold on one second The reason I got out of there is this was that big step brothers, right? And that's what causes directional conviction So came back there. I missed it because I was chirping about the natural gas, but it's all right You can see we're struggling here. I'm going to get out of two of these I will take my money and run on this bounce finally You know, but hey, I didn't chase the short. I missed it. I accepted it I felt like I was getting kicked in the gut, but you know and Where do we bounce? guys, I'm telling you between Real-time live number one we talk all the time, but these things when you get your setups at these areas I can't come in my room and like guys are literally like I want to marry her These are unbelievable blah blah blah again. I don't incorporate things in my trading unless it is Ridiculous and this and like both of these this one a little below Complete edge. So anyway, I'm making an announcement next week. Um, I did one of those So Someone told me a very reputable source. I'll tell it all next week told me about this funding company And you see them all the time like the I don't want to name names, but Where they'll fund you if you pass combine so on and so forth and most of them are complete I don't want to say complete bullshit because they will fund you But the rules are so ridiculous that it's a model obviously to take traders money Because like we were saying 95% of traders fail. So what do you think they're making their money? You think they're making their money on funding traders or on guys paying the fees to do the trading? I'm sure there's a bunch of guys on here right now doing them and that's fine It's a great way to have skin in the game where you're not just trading like a simulator where it doesn't matter But most of them are geared towards taking your cash. So this guy told me about this one And I'm like, you know what I'm going to try it. I'm going to I'm going to see if I can pass it I should pass it being a professional trader and all um, and then when I do I'm going to You know, basically let everyone know that this legit Once I get funded and once I get paid. So next week, I won't be paid by it, but I've qualified for it The rules are pretty stringent too. Again, I don't want to get too in detail about it because you can probably figure out who it is But just next week, I'll tell you all about it. And I think it's a very viable way for you guys to get funded um If anything you can do the you know, I'm going to call it combine. It's not a combine Because that's what the other one used to call it That's a way for you to trade where you feel like because you have your risk limits, right? It's just like if you're trading in a trading firm, you can only lose so much in a day, which you absolutely want Don't make me go on that rant again But everything's structured and then if you can pat, you know, you make your profit amount But you you trade and it feels real because you you're trying to make you know get funded, right? So I'll tell you about it next week. I passed it Though I'm not getting more information than that, but tune in next week. It'll be interesting But so far they've they've done exactly what they said they're gonna do. No no nonsense. So that was that was very important to me All right guys, I'm running out of gas Not a ton of trades today. We you know, I took I waited I was patient I was pissed but I was patient I didn't chase this thing and went a lot further than I thought it would That edge kind of threw me off I was I had we'll look at it one more time. See if I can get a little upset before I get off here You can see my order in here. It was right before the webinar And I added in there and I looked at that edge and I said wow, it's 85 sold oversold I'm not gonna sell it Again, 99% of the time that thing is spot on you can ask by room again. You can see it in my room You can use it in my room When that thing's oversold you do not want to be initiating positions when it's that or about oversold You can see it right here. Look at this. This is gonna make me cry Right here. So I had my order where to go Right before the webinar started I had it It was based on this setup. So once again, the setups did nothing wrong. They worked exactly like they should have This was a grass eventual or boogalio lug. I had my I was gonna enter 90% of an atr below there And I canceled it And that was at 13250 Yeah, no, we're at where do we get down to? 13875, I mean If you like 370 point 75 point moves, that would have been a good trade But I mean I I don't like I'd rather have like 1,000 points 375 points. I missed on that trade So now I'm getting upset again But anyway, you know, again, this is a weird day Out of the ordinary day and My point is I kept my cool I probably wouldn't have been so cool if I wasn't on the webinar But I kept my cool and I waited and I waited and I waited and we took a couple of rest of longs and there you go But Like I said, every time guys this guys and girls, there is no bigger edge in trading if you do not know What is going on in the volume? You are at a disadvantage period. You don't have all the information So I don't care how great of a trader you are. You don't have all the information All right, any questions bruce Uh, yes, Scott, can you hear me? Yeah, I can hear you. Oh, okay. Okay. Um, so, uh, yeah, there's I think we're gonna have to go Um, uh, we've got, uh, Tom B lined up next Uh, I forgot about that Yeah, so let's uh, guys, I'm sorry. We'll we've got to move on And and come to the next webinar with uh with Tom B. That's in discord We'll get him in youtube, uh, shortly here. We're having some issues actually with youtube right now as well Anyway, nonetheless, um Yeah, I'm sorry about that. We'll have to hold your questions for now And get back to you next time. Um, but uh, you can email me to email me as well. It's fine or you can Discord just go to my, you know You know, if it's a serious question, it's not something I've answered a hundred times. Just send me you can send me a chat That's fine or join my room and this is what I do twice a day every day And there's again a lot of capable traders in there as well. Right. I've put it. I've put that into, um, Uh, youtube and then I just just put it now into discord as well So if you guys want to reach out to scott, uh, you can you can directly So you have his contact information Uh, yeah other than that scott. Uh, yeah, let's let's call wrap it up call it a day. Uh, and uh, Yeah, we'll let we'll catch up with you next thursday Yeah, so what you take from this guys is it's not always sunshine and rainbows it gets This is a very difficult profession. That's why you need to follow your rules And it's very easy to go until again if someone with what I've gone through in my life that I can still go until I'm close to this short by the way. Um, if I still short this thing, this is a new setup Um, if I can go until anyone go until please protect your account. Please trade within the rules Um, again, hopefully you learned a little bit from my kind of off the rails thinking today or talk, but Come back next thursday. I'll tell you guys all about that funding company. It should be interesting All right. Thanks Bruce. Thanks for having me. All right. Thanks scott. Have a good day and uh, yeah, we'll catch up you next thursday Thank you. Appreciate it. Okay. Bye. Bye