 Stopped by CL 360 for Comprats. Can you guys hear me in YouTube land? Treasury Secretary Yellen says China poses a number of threats that the Treasury are concerned about. Bealer, thank you Gabriel. I'll be back in a minute after the disclaimer stuff. G.S. Lonelle. This trade room and its webinars are not intended to mirror my trades. This trade room and its webinars are not intended to mirror my trades. Good morning. I've been here in Nasdaq on its way to the moon. It just goes up every single day that I'm actually currently long crewed. There's a new event that was long off. This event, two different trading strategies. I'm now going to travel my stop to this stopper that just fired off. 48 to 40 is the zone. So we plug that in our, this is my spreadsheet that is available to my trade room members. And you can get it as a subscription as well. Speaking of subscriptions, if you guys have access to that, I'll show you here in a second. There's been some problems with the site lately in the last couple of days. So if you're not getting the zone, I apologize. There's something, I think we got it fixed now, but there's been some issues with it. So I'll show it here in a second. So anyway, I'm going to travel my stop now to 7522. So the way I trade these, so I was long off of this event. Got your ATR, your retest that we talk about all the time. This pattern is just an insanely ridiculous, as far as how many times it happens in a day. My stop is below here. I don't, I don't, I moved my stop in ATR. So this is the new zone drawing tool tool. We'll talk about this, the pro version. We'll talk about all this during this webinar. But anyway, my stop was down here for that. And now I have a new event so I can move my stop up here. And you can see it's actually right on here. It should be pretty much the same price as in the spreadsheet. So this is showing me 7521 and 7522. So this is dynamically adapting to the, to the ATR as well. So you can see the blue line is the ATR. So again, we'll cover this. But everything on here is in the spreadsheet that you see on the on chart here. So I'll just move to 7521 on the stop, which would be right there. If this moves higher, I can actually add to this trade as well. We'll go over that and then we'll go over the gold trade that I have on. And that was long. And then I flipped it short. Let me trail these stops real quick. So I got in at 7520, right? So my original ATR was down here. 7520. So now this actually is a good segue into one of my traders in my room that just has been in there for a long time and he's still making the same ridiculous mental mistakes that I tell traders all the time not to do, right? So in this case, I am moving my stop up to break even, but I'm not moving my stop to break even because I don't want to lose money. I'm moving my stop up to break even, Mason, because of something that happened in the market, not because I don't want to give back my profit or take a loss on the trade. It's in my favor. The market doesn't care what I want to lose or break even at, so on and so forth. The market cares about volume events and volatility. So stop getting algoed out all you traders and that's probably a very high percentage that get a trade in your favor and love to move your stop up to break even. That makes no sense. What do you think these algos are built for? They know traders do that. You're the retail trader. You guys are the people of the traders and me, that's a stupid mistake. I make a lot of dumb mistakes, but that's not one of them. That's what they build algos off of. They know traders trail their stops. So they come down, they pick off your stop, and then it continues to go. Stop doing that. And the guy in my room has absolutely no excuse. He's not a new trader in there. He's been in there for months, maybe a year. So that's just not acceptable. He already got his verbal, his text lashing. I haven't had a chance to give him his verbal lashing. I'll probably say that for the afternoon, earlier in the week, he knew one of my movie quotes, and now he's gone from teacher's pet to dunce in the corner with the dunce cap. All right, so this is the last setup that happened in Nasdaq. Let's get this in here. Really nothing going on in these equities. Y'all almost talking a little bit ago. We just had a number. The stop run was in right after the number. So let's plug this zone in, and then we'll break down where we're at and the thesis is pretty clear. Straight up every single day. Here is 15.68. That's funny if you're long. It's not funny if you're short, but that's what I'm always leaning towards because these markers are just nonsensical, but like I say all the time, it doesn't matter what you think should be happening here. It's happening to the upside, so you just got to deal with it. So you can see here, this is just, you know, you had a failed breakdown of that structure. It tried to, you know, kind of held this area, built more balance, then broke out of that balance, but it's getting more balanced now, so this just keeps looking higher and higher. You know, if something were to happen here and this had a failed breakout of this little guy here, then I think it can come back to this stuff. We could have a decent sell-off, you know, decent sell-off for the way it's been, right? A couple hundred points would be like a, like, you know, something... The M1 validated. Something ridiculous, right? The way these markers are trading. But anyway, this breaks out of here, or I'll trade double size alongside the volume events. If I get the volume events bullish, right, and we have ways of judging that with the ATR, we'll go over that on the webinar, but right now I don't know what this is. There's not much for me to do on the short side here based on my trading strategies, right? So these are my trading strategies. So what I do with the trading strategies, I look for my distinct setups. I have six distinct setups. Look for, that's the real-time action here. In important areas, and that is what my trading strategies are, right? So this is number one, this activity here, and this is all... I know I go over all this basic stuff every webinar, but let me book that webinar, but this is for, you know, more newer traders. Let me just get this going so I can show you. You know, if you've heard me say this when I'm going over a thousand times, you guys got to deal with it because I've got a few traders, so I'll just go over and bring this up so I can show you. This is the course, right? This is the stuff I go over every day in my trade room and where I'm going over here. So if you want to fast-track, you can come to my room and you can learn this stuff on the fly. I'm trading live. I don't slow down and do basics, so you're going to be lost. If you want to be up to speed or you want to learn what I'm doing, even if you don't come to my room, you can learn what I'm doing here. And again, this is all experience as a very large scalper back in the day trading millions of contracts over my career, volume-wise. These are all based on that experience, right? So this is not hypothetical stuff. So we have distinct setups for these volume events. That's step one, right? Then I look for these setups in important areas. That's where the trading strategies come into play, right? So I used to tell you guys every week, I don't care what you're using if you think it's powerful, that's great. Bones or bands, anything, you know, Fibonacci, whatever the hell you guys are using that you think is worthwhile and powerful, that's fine. Make sure you get a volume event in those areas to confirm your area, right? So those are your important areas. You can build your trade plan around what you think is important, but just make sure you get these volume events and it enhances the edge times 100, right? So even if you're a successful trader looking at bar charts, you'd be 10 times more successful in my opinion if you use this information. So I'm long crewed right now and I'm short gold. I flipped, I was long and then I flipped it back. So we'll go over these trades here in a second. I just want to see these equities are just doing nothing right now. So these are a lot of big levels so let me share this too. So this is the new zone drawing tool. It's not beta anymore. We had a beta for like two, three months. This is my place now. We're coming out with the pro tool, which is awesome that you're going to hear cover the stuff now. So this is showing you the ATR reversion trades. These dotted lines here, it's showing you where the ATR is. It's telling you where you can get in the position trades as well. I have a yellow. So this is all basically what's in the spreadsheet but it's reading off and then what's also great about this, it'll let me know when this confirms this as a bearish setup. It'll confirm it. You'll hear it on these webinars. You're going to hear about 40 of them probably on the webinar because I'm watching 20 different markets but it'll let me know. You get the text, the same text that reads off the computer voice that reads off these SI events. It will tell me when this confirms to the downside. It'll also tell me when it retest and then it'll tell me where it where it fails to. So here's a good example. I was waiting for crude here a little bit ago but it didn't tell me. It confirmed a bullish setup here. Right here, let's see. You can even see the retest there. So it's way back over here somewhere. There's a lot of stuff going on. So anyway, it read off this happened then it'll let me know this was a bullish event. Then it'll let me know when it retested. See how long retested right there at 741. That's right there. That retested the zone. That's the confirm. Then it'll let me know when it moved out of there and I should be long right there. It's saying long entered. It's not entering automatically. I still got to put the trade on with this spreadsheet and everything but it's also showing me that I should enter right there and that's exactly where I enter. You'll see it's reading everything off. So what's great about it, now if you don't have the capacity bandwidth to be watching at least five markets, so you're not just pigeon-holding one crappy trading market that day and you're putting on trades that are substandard, subpar because there's nothing going on, you can broaden your horizons and start watching other markets and if some traders just can't have that much information coming in, well with this drawing tool with the pro version, it lets you know when a setup confirms it lets you know when it retests. It lets you know when you should be getting in. So you can just hop over there and definitely watch more markets. So we'll see with this event. So I'm already along crude. I got along the bark and the lick. Actually the liquidity trade I should be out of right now. Let's see if this can bust through here. But if this does this again to this event, then I will add to this trade. Let's see here. Yeah, and you can see this liquidity here. So these are two different trading strategies that I just showed you. Two of the eight or nine that I have going right now, there's another 50 on the way. I'm just trying to get all these perfected and traders have enough problems with just the ones I'm using. And guys, the whole idea of these is not to get in my room or learn these and put on every single one, right? You know, until you are an expert at trading these things with the rules and you know a lot of fraud rules and you don't do stupid crap like trading or stop to break even. So you can do that. I would not be trading more than two of these. Get really good at like a slug in a nizzy trade. We'll go over these trades, what these are, these strategies and then add the lick, add the bark. But it's not coming in the room or learn this stuff and then do everything at one time. Your head will be spinning, right? So these are everything I can do it because these are the trades I've always done, right? And I put them down on paper finally. And like I said, there's another, these are coming and there's another 50 behind it. But when it is, don't try to do everything at once. So anyway, what's going on here is I'm, you know, this markets bullish as far as the filter I do use for my bark and lick trades is AlgoGuy. So this is an exponential moving, we call it AlgoGuy, exponential moving average here. So one of the filters for my bark and lick trades is this has to be pointed in the same direction for me to take, like for instance in this case, long trades. And this is pointed in the same direction. You can see the blue, this is a short-term exponential moving average ribbon and then this is a long-term red. Well, if the blue is above the red that's bullish. So that is my filter for me, that's something that I find important to be able to put on these types of trades, the bark and lick strategies, right? So I will put those on again. I'll add, I already have them on. I'll add to them if this happens. And I'm looking at for the lick trade, that's my final destination. Or one of them anyway, except there's nothing more up there. So I would get out of my full lick trade right there. My bark trade, I get out at more traditional areas as it moves in my favor. So and this is what I will talk about this many times today on my rants. Maybe myself as the barker makes money available to me. These are the levels that I find important where I will piece out as the trade moves in my favor. We'll go over this as if we're getting any trades on. I do have some on right now, like I said. So this is something. Alright, so I trail my stop for this long and they're doing something outside my window. By the way, on the street I don't know what's going on out there, but it's going to be very annoying. So I apologize for that. If you're hearing noises. Anyway, if this fails out of here, I'll be out of my long because I trail my stop to the most recent event. And or if this holds, moves higher, I'll add to it and we'll hear everything happening. I don't have to be on the page, which is awesome for me anyway. Alright, so we're just waiting to see what this confirms. This is Nasdaq. I have not, I don't know based on my rules. Is this a long set up or a short set up? Right, if it touches these ATR, that's how I determine if it's a long set up or a short set up. I have to do this. I'll put this in the room here. So this is the document. Go over this again. I know I go over basics all the time on these webinars. So here's the drawing tool. Here's the course. If you want the course. Highly recommend it, especially if you're coming in the room or if you want to know what I'm doing, this goes over everything that I do. It's almost five hours long and it goes over everything. The settings, the drawing of the zones, the ATR, using ATR, entries, exit, everything. It goes over everything that you need to know to implement those buying events. Alright, so we go to indicators here. Try this. Copy the links. See if this works. I'm surprised I didn't know how to do this stuff. There you go. Alright. So I'm going to put this in the room. So this is everything I use. This is the drawing tool. So if you get the basic, we're going to be beta testing the pro version, which you guys will be able to beta test. If you purchase this version, the basic, you'll be able to beta test the pro and then see if you like it and you're going to love it because it's ridiculous. You'll hear it going off on this webinar. It's awesome. Anyway, if you get the basic, you can get the, you'll be able to beta the pro once we get it. It should be out in the next, hopefully, the next few days. They're doing something on Bookmanson, Bookmanson. Here's the course. Here's what I was telling you guys. Some of you guys are subscribed to this. This is where something was wrong that I couldn't upload in the last couple of days, but it should be okay now. I got most of them in today. Anyway, you can get the spreadsheet on here. You get both of these as members of my trade room. You can get them for free if you want it. You can't get in the trade room. You can subscribe to them here. You can get the spreadsheet. You can get the zones. You can get the, get them combined, both of them, right? And then zones are these inflection zones. So you can see here in my trade room, this is where I post them on my trade room. So they're free. If you know in my trade room, I post them every day in here. And these are these right here. So this is Mason. He's in the doghouse today because he's trailing and stopped to break even, and he missed the gold trade. I'm going to show you a whopper that happened in like seconds. We'll go over that here in a second, but you can see these are the charts I'm talking about. So when I talk about Izzy zones, inflection zones, that's these. So you get these either subscription or on my website, but these zones are very important. So again, these are, this is just one of the strategies, Izzy zones, inflection zone. So I look for volume events in these areas, volume events in important areas. And these zones are incredible in their own right. It's not rocket science. I draw them to the four important areas of charting, tops and bottoms, balance areas. High volume knows the balance areas. Directional conviction, buying and selling tails. That's what they're drawn to. You can do them for yourself as well. I've been doing them for a long time, so they're very accurate and they're very good. But I still don't trade the areas until I get what, a real-time volume event. So that's those are the Izzy zones. The end while I'm retested. So that's my website. Here's my email. Here's my twitter trade room. If you want to join the trade room and you get discounts to the courses and my mentoring and stuff, if you remember the trade room depending on what subscription package you have there. And then this is all the stuff I use. You don't have to have all of this stuff to be a member of my trade room or do what I'm doing. I mean, if you want to do what I'm doing, you do. But you don't. What you do have to have if you don't even bother coming to the trade room. If you're not, you know, you don't have book map and the MBL bundle that shows you the stops and icebergs and then you need the rhythmic data feed that I had on here. But this is you have to have this stuff if you want to do what I'm doing and it's highly recommended because that's the driver of the markets as far as I'm concerned. The rest of this stuff will go over Apex. Highly recommended. If you know you don't want to be risking your money, especially as you're learning. Spot Gamma. We'll look at the hero. We haven't looked at that today. It's promising right now. We'll go over this stuff too. Just pull it over the sheet and I'll post it like I always do. Tickstrike. Actually, I gotta get that going. So, Tickstrike and Market Pulse help you judge areas. Market Pulse's book map is Tickstrike on steroids. I use that extensively. I've been using it more and more and we'll go over that. But this is Tickstrike. These are just these little gauges that will tell you it goes from 1 to 15. So, 15 is the highest. One is the lowest. I have it set at 11. So, I don't even get alerted at least it's at 11 strength. It's just, it's now that tells you the speed of the orders coming in and the size and it does an audio for you and visual. So, we'll see. Obviously, nothing's happening anywhere so it's not going off. Traders are on your trades. Very important as well. Level of levels. This is all I talk about when I call them lugs on the webinar. So, I don't say level of level 85 times on the webinar. Go in there. You can join the 3-day trial. You can get it for free. Once you go back, you'll never or once you get them, they'll never go back. When you see how powerful they are, in my opinion. Say you saw them bookbamp, you get special prizes and then go to the reviews. There's one Jack S in there too that is just a complete idiot that was ripping me because I had no idea what he was doing. Other than that, let me post this in here. So, cancel me because I did respond to his email like he wanted me to. That's that. Just posted it on YouTube. Back to trading. So, what's going on here? Nasdaq just will not do anything. I mean, is everything, are the markets frozen? Like, he was just sitting here doing nothing. Let's go over the gold trade from earlier while nothing's going on here. So, that's the first trade that I took this morning. And I was actually hesitant in taking this. I didn't take this double size because my thesis was that I thought gold was going to die once again and it held once again, but this was what we just talked about. This was an inflection zone. So, I looked for a volume event. So, I knew the market was in this important zone that it keeps bouncing off of. I got my volume event a double whammy. One of my distinct trading setups in an important area and those are aggressive trades, meaning I get in the trade and move out of there. We'll go over that. And I did. So, there it was. So, the double whammy. This is kind of a reverse double whammy. You had the buy ice come in, meaning the big money was buying down here. You can see it on that blue. Then the dumb money puke, the retail trader puke into the waiting hands. Again, it's usually the puke, then the ice, but same difference here. Usually stop runs are not initiated trades. They're usually retail trading selling. That's great information in its own right. Especially important areas. You're like, well, the selling is not real. It's just guys puking. I can maybe fade this. This is called the dumb and dumber by itself. Stop run that rejects right away. In this case, this is called double whammy, where you get the dumb money puke into the waiting hands of the buy ice. This is an aggressive trade for me. Easy trade. We have conservative ones. I did not. I got long and the thing ripped off the page. What it did do here, this is where my veteran trade room member, I don't know how he screwed this trade up. I don't know what he's thinking or doing. That gas ice iceberg sell ng for 100th contract. That's the guy that I showed in the doghouse on the other paces, dog cage. Anyway, this was the entry. I still don't know what he did here. He had 10 ticks of profit in his favor and he said he moved. So his stop should have been down here below. And you see that blue line below the AT arts. Actually, you don't want it. You can't see right there. That's where you need to place your stops so you don't get out. I don't know what the hell he was thinking here. So I guess he thought 10 ticks was a lot and he moved to stop to break even and he got stopped out and then he missed a ridiculous rip. So again, guys, stop trailing your stops to break even. I've heard a couple educators, even the gap, like these guys that trailer stops breaking. The market doesn't give a shit about what you want to do with your trades. It doesn't matter. So you're imposing your will on the market, right? Pardon my language. I swear sometimes when I get a little animated, right? Who cares? This area means nothing in the grand scheme of things. What does matter is this volume event and the volatility. So get your stop outside of the volume event if you don't want to get out. If you like it now and you love getting stopped out and watching that, then keep doing it because that's going to keep happening to you. So stop doing it, Mason. That's unbelievable that you've been in there that long and still doing it. Sorry, I'm giving you part of your verbal lashing now that's coming in the afternoon because I'm not going to forget about that one. That's just anyway, it cost himself. This is 100 100 tick straight trade. So I did piece out some areas. So when I showed you in the market my document, the trading document where I get out. So as this was ripping up to find it here. I have a yellow look because that's just what I do. It kind of struggled here a little bit and it was close to VWAP. And T-Wong validated. And T-Wong retested. So we got the natural gas number coming out. And T-Wong entered. And then I got out a sum here which was something else here. So I don't get out a daily value area by itself so daily value area is one standard deviation from VWAP if it's confluent with something, but there was something else up here. I think it was, I'm going to say it was here or here. Yeah, it was right here. So we were at the top of this market profile composite. So I got out of a couple more. So again, I'm going to keep referring to this because it's I'm very consistent in what I do where I get out of my trades. Not all of them. Not all of the position. That was the first one was the yellow lug, lug width level. The other one, market profile composite. Hi. So you're hearing it right now. So it's validating the short off of this first event. And now we had a new event come into. So there's a way now what I can do here. But I really can't because I can't really take shorts up. I'll take that back. I'll go guys pulling. It's not quite there, but there is a potential that I could put shorts on off of this last event. If this market pulls down, the angst is up. It's not quite there, but there is a potential that I could put shorts on if this market pulls down. The angst is blue below because remember this is my filter for bark and lick trades. So we can pull this across. And that's the other thing too. If this thing crosses, then you got those algos that play the moving average cross. So you got those on your side too. So this is why I pay attention to this thing. So let's just see what happens here. There is a potential way if that thing does cross where I could go short off this original event and that's what you just heard that validated. That's that blue line for that event. So if this event comes in, I can trail my stop to that event. So just say this is by itself, I would have done that. It stops up here. Well, I can still do that and then move my stop based off of that event. Save myself some points if I stop up. Still don't know what I'm going to do here. Let's watch us see how this reacts here. I'm going to plug this new zone in as well. It's very hard for me to read with my color blindness. 17, 8, 35 down to 17, 8, 26 you see it automatically drew the stop run that just came in. You've been in any of my webinars the last seven years. You've had to watch me and Dermi drawing those zones by hand huge pain in the ass. So this is so much better with his own drawing tool that you guys all have access to now. Here's the old technology. I love when Microsoft does that by the way. 17, 8, 35 actually, I'm going to open up a new one. I'll go to my website for this one. MQ stopped by MQ 150 to contrast and now we're flipping back. All right, so now your buy stops. So it's just a clown show in here right now. Sell stops, buy stops, retail traders just getting whips on and that's what's happening right here. But I just keep following my rules here. I don't think I'll be as pulled yet. Like I said, I could have potentially shorted that. We got two new events. I'll plug this one in and we'll see what's going on. This is not pulled to the downside yet. So you see, I would try it and it didn't. So I can't take any short and Q on validated. So now what it's doing it's validating this as a long and then it'll validate if there was an error. So right now I will turn around and I will take longs. Remember we're always I'm always defaulting to the most recent recent events. Guys, it will get annoying if it gets busy. You're going to be hearing all these different markets. I'm watching 20 different markets, right? So apologies, but I can't, I'm not going to turn them off because I want to be alert to what's going on. Anyway, these are the most recent events. I was ready to short that, right? Now we have new event, new event. This one is already proven to be a bullish event. So that idea is done. This is bullish. So I could take a long off of this and or this, right? So we'll just watch out what happens here. I'll go guys bullish. So I'm going to go long and obviously these markets are ridiculously bullish. If I go long here I'm going to trade double size. It's not quite out of this balance yet but everything else this is just going to keep going up like it does every day. So I will trade double size to lock side. If it retests so what I'm going to do here and you'll hear it this retest, this event moves back out. I'm going to take bark and potentially lick long. See if there's any look like it. There's liquidity up here. This is good enough. This has been in here for a while. They pulled a little bit of it but that's been there. So I'll take bark and actually that's not too far away though. But I'll be trading off of this. I can put that on. So we'll just wait to hear what happens here. Let me plug this one in and I'll plug this new one into and then I'll show you guys. It may be confusing on the top of each other but so let's put the first one in here that was 35 down to 26 17835 is 16.72 you're going to see all this on the chart as well. Put in your account size which you're going to risk per trade. I'm risking 10% on these accounts. I would not be risking 10% on your trading account 2-3% is plenty. If you risk 10% you have a bad day you're going to blow your down. Alright so let's go over that area. I'm not going to go into that right now. Alright so that's the first second to last zone that just happened and then we'll plug in the most recent zone right here and then I'll show you. Net gas ice iceberg by NG 152 compress. So ridiculous. 17846 quarter 17837 ATR again is now it's up to 17.15 So now we're just going to hear the drawing tool will tell me what's happening but I'm going to go over it as well. This is 17.15 Alright so now we wait and see what's going on. There's nothing aggressive for me to get in long here aggressively per se. So either one of these events I'm going to wait for the ATR which you're going to hear. That's that blue line a retest confirm. This has already confirmed this as a bullish setup. You heard it right? It touched that ATR. Now if this retest that zone comes back I'm going to take marking lungs. That was this you just heard ATR and Q long validated. That's this one. So that validated. So now I'm waiting for so say it doesn't come back to this one and I can potentially take lungs off that one instead. If that validates the blue line retest confirm I'll put out lungs off of that as well and where I can add to this trade depending on what I do here. So let's just wait and see what happens. So guys I have my rules here right? Like if you're watching this and you don't know what's going on you're like wait buy, stop, sell stuff. I don't know what to do. We have distinct rules. I have distinct rules I trade these and if I get them I put the trade on and then that's just playing out my edge. This is the best edge you are ever going to see in futures trading in my opinion knowing these areas and knowing how they should react and how they do react these are just concentrated areas where traders are loaded up with contracts. So that's what we're playing off of. You guys got questions throw them in YouTube. I haven't really done anything yet but any questions throw them in there. Any similar will that version be available? Pro version it should be available I'm just waiting for Bookmap to prove something hopefully in the next few days there's still some bugs in it. The other thing too and I don't know how to use this shed I might go on that's my developer and he's in the trade room too. This it's a position sizing so you can this is what you just saw in the spreadsheet but I don't know how to I don't know what to do with this shed so but that does another he's really high on it he's been talking about it I just don't know how to use it right and that's in the air if you look at the so you plug that in up here but I don't know where you put in the I don't know why it's not working I don't know what I'm obviously not doing something right. Stopped by CL 183 contract. Alright still long crewed I'm still long crewed and now this event just validated you heard it and now you got another event so what I can do remember I was long from this event we already went over this stop was here and I moved it to here now I can move it to there so I plug that in I mean you know when you have this all you got to do is hover over the line it's going to tell you where you can stop out let's plug it in because it's all based on the spreadsheet right 67 to 57 so plug that in this spreadsheet and then you'll hear when NASDAQ confirms either way and then we'll hop over there so 75 167 right here is 163 struggling there we go alright so now my stop is at 38 right this should be pretty close to that there it is so this is this is showing 40 so this ATR is probably better I still need to figure out because you go on built up by scratch my developer it came down to 38 right there so that's the same price right so I will stop out now remember stop was down here and I moved it to that event right there and then now I'm going to move it to this event so that comes in on it's just below this prior event I don't stop out in prior events the best I can that's getting on validated so if this comes back to 38 I'm out otherwise I'm going to potentially add to these longs if my parameters are hit what I want to do here so let me trail this stop that's at 38 now barking lick I had on we already went over this earlier or like those are trailed up to 38 now it's going to tell me so this one actually already validated as long right because I got the ATR above there that's that blue line you see that there you should already have the blue line on here on the basic version you should already know the ATR blue line but that confirm that so if we get a retest of that I can go along off of that one and I can do the same thing there add to the trade so let's just we'll just wait and see it's already confirmed but I still need to retest we'll go over it as that let's just fire off no AT shut them up somehow did he say this was I just text out of it hold on I forgot that he said this was it already read this right so this event is bullish if this retest confirms off of this this red event I'll stop run I'm going to take longs off of that right this hasn't confirmed as long yet so what happens now if this market confirms that as a short well I can't go along off of that because it's the most recent event right so prior and Q1 retested so there you go right so now it's retested it's how cool that is like you don't have to be on the screen you're like oh wait that that prior event retested alright I'm ready to go along here alright so now I did this these are my parameters to take the straight the bark in the lick so we already know that just retested that zone forgot which one I put it on here is it this one yeah 35 to 26 okay sure your ATR is correct here you see it on the tool too but again you guys don't want to have the tool yet so 1735 your ATR so now if this comes back out I'm going long 855 I can put on 5 I'm going to trade double size because this market is bullish I just want to see something here and just make sure it's still in that balance that smaller balance area so I mean I don't love it I just want to make sure I mean it's obviously bullish but yeah see I don't know if I want to I'll still put on the long here but hero is kind of going dive in the other way these are the options flowing the SPX makes sevens kind of holding actually this is kind of mixed signals here so I'm going to go long but I'm not going to go long double size here if we start moving out and break out of this balance then I'm going to trade double size to the long side but right now see we're kind of stuck right in the middle of this thing and then heroes obviously go in the other way for the S&P 500 obviously that's not it's not Nasdaq but a lot of the stocks in the Nasdaq are obviously in the S&P so you can see Nasdaqs going the other way too here so you got some conflicting signals here right so this is not I won't take trade just because this is going the other way but I'm not going to trade double size right so let's just put this in and you know if this doesn't work this is just information for you guys hey I might want to get to zero and not take opposing trades if this thing's nose diving I probably don't want to go long that's not part of my trade plan you don't see those in my trade plans as of right now so I'm going to take this long if it moves back out of here that price is 55 I'm going to put on 5 it's almost there so I better hurry up this is the bark in the wick be close to entering alright so those are working so I will go long this moves to 55 what am I doing ATR retest confirm that's for this event showing me the lines for this event alright I'm filled alright so I got long off of this event prior and Q long entered there you go so that's where it was off a couple like a pointer or whatever a couple ticks I mean because this is updating automatically this ATR so anyway I'm long I'm long off of this event now what will happen if it does that that I can add to that trade based on this event so worst case scenario is right now I was going to have my stop I have an ATR below there I can have it based off of the most recent event so that event is already in the spreadsheet too so I'm just going to show you what I'm talking about here so if I were trading off that first zone my stop would be higher than 55 it's all on the spreadsheet stops at 806 well there was a new event I could trail my stop to that was higher that's this one I'm going to trail my stop so instead of 806 817 quarter right so that's you know potentially save myself 11 points this thing nose dies so that's how I do it now there's a way if I do put on this trade I'll put on Barks and Licks off of this event and it's still going to be 817 quarter because it's the most recent event and you know as far as the hero there's a couple different ways you can look at it right like yeah heroes dive in the other way well it's diving this way in NASDAQ so the reason this is going on here right NASDAQ the overall market the options the options flow as dealers get loaded up they have to hedge themselves that's what this is showing right well why is NASDAQ going up well the highest way to stocks in NASDAQ are the mag 7 do you see what mag 7 is doing so you have some conflicting information what this is telling me though like this couldn't hold it down the yes SPX part of those little stocks are in here too that couldn't hold it down what's going to happen if this turns back up it's going to rip off the page right so that's another way you can view this where you're like okay again I'm not using this as a filter as of right now but I'm just keeping an eye on it so this is interesting you know what's probably going to happen here is because you're getting conflicted you're getting conflicting info the overall NASDAQ is nose diving mag 7 is going up so you're probably going to get that type of trade right but I that's fine whatever is happening here is happening here because this moves this is moving dynamically up and down too this is just one of the entities in the market it has your positions with futures so this can turn around there's instances where you watch this but this can move just like a market so I'm following my rules for my buying events that's telling me long I'm long so I keep an eye on this there are hopefully we'll come up with some examples of where you can use this to your favor or help you enhance your trading it's very important information but these are not the only players in town some days they are the options dealers have to do their business and they affect the futures other days they're playing in here there's other entities in here firing off orders and they don't have that big of an effect on the market some days they're everything, some days they're not so it's just it's something you definitely want to watch so what does that tell me so this setup is long now too so now if that does that I'm going to add to the trade I'm already long on that one if it just rips off the page and doesn't retest this I'm already long, I'm fine with it so it'll tell us and you can see here there's still buying these mag 7 stocks Tesla well actually just Tesla right now you'll see these things light up though so let's look at some of the areas I will possibly piece out of this trade as it moves in my favor we already showed this on the trading of this own dock I'm not going to trade bean oil right now but the guys just as green in ZL and ZS and everything else, if you have the setups you know what you're doing see you can hear the one bad thing about the pro version the trying tool, you definitely get FOMO because you feel like you're missing all these trades but I'm okay with that, I'd rather know what's going on alright so this is good for me to trail my stops so Mason, hey Mason, you paying attention here so I'm going to trail my stop based on something that happened in the market not because I want to break even on my trade right, that's how you do it I know you're new and everything so maybe you'll maybe you'll get it in the next couple months 87650 to 87475 so this is what I'm going to do plug that in now Mason is the guy in my trading room that cost himself a huge trade today because he was honking his nose 17876 and he knows better I don't do this to every trade you guys 259 contracts if you're new, I'm not going to give you verbal lashings but you've been in there for a year you're going to get a verbal lashing, I'm sorry that's just ridiculous I can even show you the conversation from that it's just very upsetting that he's still doing that stuff CL short validated I think I just stopped out of CL but that's fine, I'm still a probable trade we'll go over there in a second alright so based on this new event now I'm going to trail my stop to this new event what's that price? now it's 5350 I just went from 17 then that's basically where I got in am I trailing my stop so I can break even no it just happens to be break even off of the new event right Mason? got that let's trail the stop here it was at 17 quarter 17 quarter, 17 whatever 3350 what did I say, 5550 hold on you guys just see this is all systematic it's not me just by the seat of my pants throwing in orders I feel all I'm going to stop at I'm going to move this to break even it's all in the spreadsheet I'm very systematic it's a little crazy 5350 what is going on what am I stopping out of gold okay what is going on what am I filling on hold on here gold I haven't got stopped out of there it has to been I probably left orders in the order book in this current trade is what probably just happened there let's see that's exactly what happened hold on let me get out of these things this is the problem when I'm on these webinars I just forget to delete orders not showing me what the crutch what is going on here what just happened there it just got me out of my nastic lungs and I had no idea why I guess I'll put those back down I'm sure it costs myself money there hold on guys this is my day every day by the way why did that just I wasn't even touching anything I had no idea what that was something went down with rhythmic because I was not touching anything it got me out of my I stopped out of crude which is fine so what did I do there remember I was long from down here this is how I do it guys if these volume events are showing me that the market can't continue you have your rules you're out so I was long I trail my stop to that I just stopped out that trade is done this is actually a bearish setup I could potentially be putting on an Izzy here to the short side the gold trade where I flipped as well this looks like the same thing though so this is an Izzy trade short I should already be shorter I just didn't catch this earlier why? this is a straight move into this inflection zone volume event bearish so I should be short I should have been out of my barking Izzy longs and short I should be short right here so I'm going to put that on right now hold on and we'll go over it I'm just going to guess on the size I'm assuming it's about 10 I still want to know what the hell happened in nastic alright so I'm short crewed so that's the zone I think we put the zone we had to put the zone in because I stopped out of my longs but the Izzy short here is entry is at 38 basically where I just got in just to make sure this is right so I should have 11 on so I got 10 on that's getting up so you guys see what I did there I was long Barks and Licks trading strategy this one moved up there this stop run happened turn into a bearish event so I stopped out of my barking lick and I put in an Izzy because I got in a volume event in an important area and let's just see this might have been a pick trade too profiles encouraged so the thesis for this is you know this market is truly bullish right now this needs to not get back out of this one and especially not get back in this one this is probably going to cover the other side that's just what happens when these markets accept in and it's telling you something one it tried to get in here couldn't hold and then if it gets out of this that's telling you something and if it gets back in this that's probably going to do one of these and I would expect something like that we'll see just the thesis I still put out my trades I'm short right now but this is telling me something's up right now on the long side this is why this is why you know if you're just looking for the bar charts even market profile you're like what do I do here I don't know as long as it's short it's kind of bouncing between these two profiles just use what's happening real time in the market that will help clear everything up especially if you have rules for it I have distinct rules, distinct trading strategies I take the trades I put the probabilities of the best edge I've ever seen in the history of trading in my favor and I follow my rules if I've mentioned this document learn to trade an edge like a casino we already know I know that's an edge if you want to listen to me in my 25 years trading experience and trading millions and millions and millions and millions in contracts you might want to listen to me this is the best edge I've ever seen you don't have to worry if you have an edge or not that's where most traders fail just to start with they don't know they see something work a couple of times they think it's an edge and they start trading it and they get crushed and they move away from it this is the edge in my opinion right you don't have to worry about the edge what you have to worry about is following the rules and making stupid mistakes so it genuinely puts the odds of success in your favor we already know that if you can think about trading in the appropriate manner the five fundamental truths that's this, anything can happen you don't need to know or do you know what's going to happen next I've added that, this is straight out of trading I added this part though or do you know what's going to happen next to you that are afraid to put on trades because you think something's going to happen if you really think about it in the right way it's ridiculous so say you're like I want to go short crude here that's the Izzy, I like trading Izzy's but I don't know man this doesn't feel right, it feels like crude's going to go this way if you know what's going to happen then you should be putting your house everything you own on the law if you're skipping the short trade here you don't know what's going to happen put on along with everything you own why won't you do that, because you don't know what's going to happen you know you don't know what's going to happen but you still make that mistake of not putting on trades because you're afraid because you think something's going to happen so you can talk yourself off that ridiculous ledge by saying well I don't know if this is going to break all my rules are in place I got to put the trade on because if I did know I would bet my house and my life on the law, get it so just if you go through that mental process while I'm making silly mistakes it'll talk you off the ledge so let's just cover the rest of these like I do every webinar there is a random distribution between wins and losses for any given set of variables that define an edge so are these 100% what we're doing in here with the rules, no nothing in trading is 100% these are markets is it an incredible edge it's the best edge I've ever seen I don't know if I mentioned that if your rules are hit that's it just like a casino keeps dealing blackjack or rolling the dice or letting the slot machine wheels roll even though there's winners meaning losers for them they just keep letting it run because they know they know the odds are in their favor aka edge guys until you can internalize this stuff you're going to make it trade ever ever ever you're going to keep making stupid mistakes he's getting a bad attack I probably won't give him the afternoon verbal lashing I'm kind of laying in him now he may not be on here though so I'm going to make sure he was on if not I'm going to give him a verbal lashing in the afternoon PM webinar there's random distribution between wins and losses and edge is nothing more than an indication of a higher probability does that say 100% no that says a higher probability in every moment in the market is unique no matter how great your pattern looks it's unique you just keep putting the trade on if you have the edge so remember I'm short this now one of the areas I may get out I'm definitely going to watch this area where this prior event where I went long earlier before I flipped it the other way if it struggles in here I'm going to get out of some that would be a nice 50 tick trade that's one of my areas that I get out at right here same day prior event I'm very consistent in where I exited some of these trades all my trades basically so this is I mean this is 25 ticks in my favor 28 ticks in my favor I could possibly get out of some area you got baby lug confirmed with daily value area and that's also the top here I'm bullish in this market so if your thesis is bullish do you see how I'm short even though I'm bullish overall because I'm a day trader but this is an area where I'll get out of a couple because I know the general market I'll get out of three I got 10 on I'm going to get out of three here it's only 25 ticks profit I got two of these on I don't know that was just dizzy so I got out of three I got out of three there and you see it's bouncing that's an area that I get out at and a look baby look and market profile composite high over here that's enough for me to get out of a third of my trade and I did that right if it keeps ripping down great I still have seven right alright I see some of your questions I got to take a break a lot of rating today Mason got me going this morning and I haven't stopped big ice and then Jean to only miss that we'll go over there in a second I'm sure Mr. trading there what software draws zone on a Mac Lee like stop sniper guys could someone help right and there you have please that's all I've been talking about guys look look scroll up there you have I don't know how to pronounce your name I put this document in the room in the chat it's all right here where is it right here this has got someone's trying to go to the marketplace that's that but why does this happen half the time no such product there it is one time it works another time does so if it moves you there just keep hitting it here it is this draws the zones on the chart automatically for you so you don't have to try yes it is a huge pain in the asterisk and then the pro version is showing you so all these dotted lines that's the other we haven't even talked about the stakes I don't usually cover these I don't take these trades in webinars because they're just too many they're too manually what's the word I'm looking for they're they're intense you got to be all over right but anyway that's what these are because we have reversion trades because there is a ridiculous tendency of these markets to revisit the zone so we take advantage of those trades based on this is the one ATR reversion here's the stop there's a two ATR reversion here's a stop here's the three where's the three I think that's right it says it on here too where it should right that's the one that's the two ATR here's a three ATR this is the two ATR stop loss you see the SL this is a three ATR stop loss so you can visually see what's in this spreadsheet and it doesn't tell you for those it doesn't announce them but that's what these are one, two, three I'm not going to really get into that on these webinars come on my trade room you can learn all about it I talk about it all the time I don't take them all the time but I talk about it on the webinars I try to take them on my own but they're very you got to be on top of this stuff alright so short crewed still on this did I forget what I did here did I get out of some up here see where this is about what I think I was coming over here to look at some areas I could piece out of that trade and there you go and it was baby lug not really I don't usually get out of baby lug these are these smaller these lugs are the most powerful right the big she calls them big red big blue these are baby lugs this was extreme standard deviation you could I could have got some there but the market's abolished you know it's fine I'm long I'm basically holding it to red lug because there's nothing else up here right these are all time high so I'm either holding it to red lug or an opposing volume of it and this is the exact here we go this was the reversion trade for this event and I was able to channel my stop to this too right is that correct yeah so I went over this already as far as what I did here right you got to do that you got the ATR you got the retest and it's 52 or whatever that was then I trail my stop to something that just happened in the market right so now hasn't happened yet it actually didn't even get to the 1 ATR there but there's a way that's the hill not seal that's reading anyway there's a way I can put on more if that happens it just has not got to that root to qualify this as a long setup hasn't happened yet so if that happens I'll put on more longs I'll add to that trade I'll trail my stop for this it's basically going to be breakeven I'm trading it not to breakeven I'm trading it because of what I want to happen I'm trailing it because of breakeven because of something that happened in the market is mason real or imaginary I don't know you tell me let's see if he's real or imaginary I think he's hoping he's wishing it was imaginary right now here we go let's just go over it let's go over the rubber lashing I gave him guys I do this right it's more to it's not to embarrass him but it is right because if he's embarrassed he's going to remember this this mistake right like I'm calling him out it's half kidding half serious it's more serious especially if he's been in here for a long time and he has right so let's let's just watch what he said here here's your rubber lashing I won't do it he's doing there and he looked like he was in the trade and then he goes so ma'am schizo caught it it's ripping I caught it it's ripping and he goes man I messed up that G.C. Long that was an easy one too I gave him thumbs down then I said messed up how how did you mess up the trade it was you caught that was this one just to recap I'm sure he's going to love recapping it right here volume of that right there double whammy in this zone just a layup trade all the way down here layup right I already show what he did so then I said you obviously didn't put the trade on why and he said had the long on when price hit 39 move the stop up to break even and that's why I lost it like what this guy is not new in here and and stopped out and then it ripped wow is that maybe because Alice are built to come back whipsaw people out of their trades and then and then go and then they get the fill so when you stop out they get the fill and then it goes like what anyway this is why I trail my stops I put my stops below volume events not in common for me with position trades well that's just why I gave him an F here you go you guys have heard it on these webinars that's all I talk about is the biggest mistake traders make all I ever talk about is the ridiculous mistake of traders moving their stop to break even there's even book map educators that are doing this and I guys I I'm telling you I'm not I'm not going to smudge people working for book map they're doing these webinars but if they're telling you to break even then they're just not that great of a trader in my opinion it's my opinion they may be the best trader ever but good luck good luck doing that over the long run market doesn't care where you want to break even what does the market care about guys I don't know if I've mentioned it all it cares about volume events and volatility so you don't get in the trade I've already showed this we'll go over it again double whammy you don't get into it and you get a little profit and say oh man I don't want to get back to profit I'm going to break even because you'll get stopped out and then you'll get that I put my stop below the volume of that and it's all on this thing too it's all on the drawing tool the new one you don't have yet and then I said the market doesn't care we're going to break even and then so he was the teacher's pet the other day because I came up with this I said this line you're my world now grandma from happy Gilmore and he got it so he was teacher's pet so he went from teacher's pet to dunce see I even said you can't butter me up now by posting he was trying to get back at my bedside yes he needed warm glasses shut the hell up right there so anyway that was Mason he's not imaginary he's very real and he's being a complete clown today so he deserved it should have made some popcorn for this yes you know it's listen my trade room is not for the faint of heart like if you want me to if you come in there and you want me to like pat you on the back and when you make a mistake or post a ridiculous mistake or post something that's wrong if you think I'm just going to be like oh yeah man maybe next time if you want the participation award my room is not for you if you want me to point out would you rather be embarrassed and become a better trader or do you want me to pat you on the back and let you keep making the same mistakes and you never become the trader you want to be so that's what you got to decide it's not for everybody I'm going to call you out if you make it's very good for you guys to hear because I guarantee you more than half of you are doing the same thing trailing your stops to break even why? why? yeah so you can break even great but that doesn't mean what trailing your stops is something that's happening in the market please I beg you alright let's see what else is going on here I feel like I've been on this webinar for four hours and it's been been down for 40 minutes so I'm short recruit Izzy I was long flipped let's just go to the rest of this gold trade because I'm still short gold so I caught that Izzy from down there just talked about that and then what did I do so the market was ripping and it came up here actually I didn't have this drunk I had to change it so I didn't catch it originally but I was able to put it on I put it in my room, I updated it because this zone was more important once I adjusted it there was Izzy up here so what's this? this is where this gap down from today this is where this little directional conviction started with the buying tail so that's why I changed the zone and my room had it, I updated it and they had plenty of time to get back in this trade because I got it, I did get in it after I re-drew it and posted it so anyway what do we have? we had a volume event in an important area that's a trading strategy my Izzy trading strategy that's this up here it did struggle in this event and not surprising but I got it up here and it's bouncing around so my stop's above this event so I did have a little bit in my favor did I trail my stop to break even? no, I trail my stop my stop is not trail, it's above this volume event if this moves lower and I get another event then I'll trail my stop based on the new event but this is not surprising it's bouncing off this prior area why? just use common sense because when this stop room fired off there were sellers in here that just got their heads ripped off that are holding their breath as it comes back they're like, oh let me out please that's what's happening so if you know that and you're not surprised it bounces off there, that's why I try not to enter my trades in prior events either this one was enough above it that I took it but I could have definitely, if I wanted to put my entry down below here if I wanted to risk an extra 30 ticks get it below that because you have to go through this many times so that's that trade so I'm still short that still short crude and I'm long NASDAQ it still does not confirm this as bullish but I trail my stop to this there's not been a single thing in ES or Russell today very strange this call wall is very important this is SPX call wall he talks about it in his daily briefing here this is spot gamma, you get discounts on this too guys use the code scott I got all these bookman things up here that's this and you can actually get this hero for free so get the best subscription and then try it out for free actually it's not showing me you gotta go to the spot gamma site so what I'm saying about the best subscription I mean the top one you can get anyone you want but why not try the best one and get you everything if you're getting it for free you guys get the just just go there try one more time here but I don't think it'll work because I'm logged in and that's the problem so go here pricing just pick the alpha for the deal for the two week trial sign me up and then when you get to the pay screen put in scott all caps and you can try the hero for free if it doesn't work let me know because someone was trying it one day and it didn't work or something but if you can't find the coupon code thing I'll figure out what's going on with that but anyway that's you get his notes here so what I was just getting at here is he says the S&P call walls have held the SPX 5000 which remains the top of our trading range and heavy resistance right there so that's just showing there's just a bunch of option activity there that serves as resistance so if this market say I did get a volume event I would watch this area very closely to fail and get out and see what's happening here so anyway with the hero or with the spot game and you get that and you get the hero and we were looking at the hero a little bit ago and this is a great example on how when we got along this NASDAQ we were talking about how these markets were going lower this and this and I said well the market's not really reacting it's going higher because mag7 is going higher so what's going to happen when these things actually start to flip the other way which kind of happened a little bit and then even a bigger move higher so I'm not trading off this for aversion trades to help me but I'm not going to get into that right now keep an eye on this this is important order flow information because these options dealers have to hedge with futures right so again I'm long here I was able to trail my stop so if this does free fall from here I'm going to stop out at break even because I trail my stop to this most recent event and there's this little Scott can you explain how algos works on all markets who runs algos and how do institutions trade well that's you just answer your question that there's guys there's algos for a ton of things right the most prevalent algos are the main ones are like the algo guy this is why we call it algo guy right so the exponential moving average algos right so some of the ways these these things jump in is if this crosses they jump in when it crosses right if it gets too extended they'll snap it back to the shorter term in the longer term so those are moving average algos the most prevalent algos that I that I just got there's probably millions of algos in here but the ones that are all like aligned a lot of them that really move are these extreme standard even a deviation of VWAP algos right so here's VWAP this is one standard deviation called daily value area this is one and a half this is two this is two and a half I don't have two and a half three three and a half drawn really gets there but you can see this got up to two and a half right at baby love too and this did react so you have those algos when nothing's going on this is why you guys get lipsawed the other thing we haven't talked about today which is probably just going crazy right now apeshit as my grandpa used to say is the price change I'll go on market pulse this thing is pretty damn incredible I've posted the video or Bruce's let me just do this real quick again there's something you want to watch I posted my own video on it let's just find it here it's a while though so bear with me but it's important for you guys to watch because that market pulse is incredible you can get some really good information from that too and I'll show you some price change I posted it over the weekend hold on somebody was asking my room for it let me see here February 6th it's way back here hold on oh there's doggie someone was in the doggie oh madame shizzle was in the doggie house that day it's pretty funny guys you gotta laugh too like that's part of it too I don't like to be not making an example of you but it is funny I'll find it one of these one of these times here it is so this is mine watch Bruce's first actually I think that was with me he did another one that's how I even learned about it but this one's with me and then I did my own showing you the tendencies so this is price change so these are just some of these delgos we're going to look at the price change here in a second go watch those we'll go over what I'm going to show you right now so 80-90% of the time it's just algos whipsaw in the market like you're seeing here let's look at the price change this is one of the main algos in here every time this thing spikes it rips the other way and this has nothing to do with traded volume it's actually the move again watch those webinars so this one was kept price changing so it works until it doesn't work because when big money comes in here you can get the price change algo and it just keeps going because the big money is laying in the market when it slows down then you start seeing that well what's that? a lot of these algos are these price change algos so you can see when it spikes up comes back comes down comes back there's another one here now it's really especially at this time of day you get past 10 o'clock between 10 and noon you'd be very wise to just not be trading I've lost millions of dollars in this time period but anyway you see that there there then they start playing games with you how you can use this in your trading this is pretty advanced stuff but you can use this to help you so say I got the I'm looking to go along with this setup and I got this this this especially this time of day I'll still put the trade on but you can be watching this and you see price change algos spiking and this is guys this is this is all default for this one go over here I'll just show you what I was going to show you market pulse right so you just literally it's default price change bring it up open it up it's 5 minutes 70% so this is telling me this is the biggest price change in the last 5 minutes not you wouldn't take that huge information I didn't even pay attention to it till Bruce showed it on one of his webinars and the market's dead these price change algos are running the show how could you use that in your position trading because say my entry say this did this this this and my entry sitting up here and it's moving up and it makes a huge price change we already know these algos are probably going to snap it back most of the time I can wait for that price change to happen wait for the pullback and get in at a better price that type of thing right you have to be careful though because like down here the price change kept going happening so if the big money comes in this thing you may miss your fill so you got to decide hey is the big money playing the way you can decide that is look at relative volume like if relative volume is like spiking or and or tick strike so say you're getting up to that you're getting up to the entry and you're like I want to wait for price change to fire off I'm not going to get in here but you see all these stocks ripping that's big money you got the big money behind that move don't be messing around with price change the other thing you can look at is relative volume so you can see here see how relative volume is dying down this is just joining me for the last 30 days I had to suffer 30 days this exact time period this relative volume is pathetic what do you get when relative volume is pathetic you get whipsaws you get price change algos running the show right so at this time of day you could try to scalp off these I'm not scalping off of them so right now because I know nothing's really going on in here let's see if this one works so say if I was looking to get long I would hold off right here and wait and I'd be like get out price change algos but see you got to be careful though because if the big money's coming in this thing could price change from 50 points so it works until it doesn't work 80 to 90% of the time these algos are running the show 10% of the time, 10-15% of the time the big money's coming in so it's a tricky situation sometimes I think right now as long as these aren't firing off you could wait so say if I was going to get in there I'm going to wait for this to pull back now because you see it spiking right now and get a better price and or wait for an opposing one so say that one came up this first time say that was my entry I pull it I'm like I'm going to wait for an opposing and I get in down here versus up here you would already have been filled technically get in when it spikes the other way these are just ideas guys I don't have anything set in stone yet we go over to my training everyday I'm not using this but if you're just learning these volume events and the rules I wouldn't even have this price change I would go up right now learn what you're doing here and then you can really hone it in but that one worked too there you go so say I was looking to get in there only one of them was firing off so I probably wouldn't have scared me look at that that worked pretty good so instead of getting in, say I was going to get in at 95 or you can wait for the opposing then get in I'm not doing anything yet because this setup is not an entry setup yet but I'm just giving you guys examples how you can use that stuff this book map is absolutely incredible and I keep telling you it's like having your own trading firm working for you that keeps presenting you with these new tools it's not like you're getting all this stuff works together it's not like you're adding new things to your trading that it's disrupting what we're doing with this stuff it's just enhancing what we're doing with this stuff my traditional SI indicator setups and rules it's just enhancing it but this is advanced, I would not be messing with this right now until you know what you're doing if you're trying to learn my style and even if you're not trading my style it would behoove you to start watching these volume events because if you don't, you're not getting all the information I don't care how great of a trader you are you don't know what's going on real time it's the most important information you can watch I don't know if I mentioned that my crude's ripping in my face but this is not surprising me and this is why I got out of some down at that area remember I got out of, I had 10 and I got out of 3 it's a bullish market I follow my rules though so I put a trade on an easy trade off of this event if it stops me out on to the next trade guys I'm playing the probabilities edge is nothing more than an indication of higher probability I had an easy zone up there I got my volume of when I took it I got out of some down here I forgot what it was but there was stuff down here because I'm bullish this market doesn't mean I still took the short because it followed my rules for the trade when you can get to that aspect in your trading you're going to be a great trader because you just keep putting on you don't judge yourself at the end of the day by your P&L you judge yourself did I follow my rules or did I pull a mason actually that's going to be a new verb you pulled a mason are you going to be a mason or did you follow your rules if I stop out of this trade I did nothing wrong I did exactly what I was supposed to do I had a volume of that in my important area that failed at the time right at the top of this I took the trade loses on to the next trade over a series of trades if you have an edge you will be profitable that's all you got to remember it's hard it's very hard 3, 4, 5, 10 losses in a row with a particular strategy that has an edge and be like oh yeah I can't wait for the next one no that's where you shy away oh my god I can't take another loss if you know you have an edge you just keep putting the trade on if you know you have an edge that's the key and I know this is the best edge I've ever seen so that's why I keep putting on the damn trades I don't think I put my stop in for this I got shorted I got shorted 38 my stop's at 86 it's almost there 20 ticks away this was the easy trade so remember I got out of 3 I came down here remember I said that was baby lug and I'm so bullish this market any area starts to fail so that was there daily bail here baby lug remember I got out of 3 there and that was the bottom of this too and I said yeah I'm going to get out of 3rd of those and that's why I did it and it reacted there so if it rips up I could take off some with a little bit of a profit and I could stop out of the rest out of my next edge that's how I do it and that's how you should do it come up with your own strategies come up with your own rules and follow your rules if you know you have an edge so now there you go touch that ATR so this is an official bullish setup this setup I'm already long from down here if it does that that that I'm going to add to my barking lick trades I think there's more lick up here if there's not I'm not going to put on more lick now there's not really any heavy lung so you've got to judge with your lick trades if that's your ultimate target am I going to put on a lick trade for a target right there no what's going on here why is this liquidity pulling is there something out starting to get hammered too this is trading like something just came out you don't see liquidity pull like that unless there's some kind of news if I stop out of this and I'm not long off of this event yet it has to come back because that's my rules for the barking lick if I stop out of this I'm freaking even off of this setup down here something's going on though you don't see the liquidity pull like that but it didn't really pull in here so maybe I was just screwing around with the market I don't know but it's definitely something going on hey guys my stop's in I don't care what's going on my bags, my 55 or whatever my stop is look where that's at I'm out of the trade 5350 right but do you see me like panicking out right here no I force it to get the ATR below there that's actually that yellow line right there it should be moved up a little bit I don't move my stops I may start with this new tool I may start moving them because this is dynamic right this is based on the ATR I may start moving them a little bit but now it's going to just sit at 5350 so as long as that doesn't this can do this for the next 5 hours I don't care as long as it doesn't violate this event and there's a way I'm still putting on the long as long as this doesn't violate to the downside that's that blue ATR line I'm still going to put on that there's no lick up here but a bark trade I'm going to add to it I already have bark on and lick so what I was telling you to kind of determine do I really want to put on a lick trade if it does this this this so I'm risking 40 points to make 4 no I wouldn't put on that lick trade if the lick was way up here then you can judge risk reward wise it always rejects it to 90 level really always just every time it hits 90 you bet your house on it you got to be a multi-billionaire then it doesn't always do anything it may have a tendency so you should be short then if you always see something but that doesn't that doesn't jive doesn't always do anything may have a tendency so here's another example too I'm still short this gold this thing's whipsaw into death I guarantee you like let's look at price change I'll bet you that's what's running the show right now there you go take this one off let's take a look what I tell my trade room too even if you're not trading off of this or using it at least it gives you peace of mind on what the hell is going on in here so if I'm short this I feel like this is one of my it's always been one of my flaws I take things very personally obviously the market is not I was joked there's a camera like traders always say oh they got a camera watching me it feels that way right when you watch this stuff you start to understand why you're being tortured it's not because you're short or it's not because I'm short and they love to torture me it's because it's reacting to these price change algos boom boom I might make the sound but I'm just showing it boom boom another one it varies how much it pulls back too but it's definitely reacting right now and look look at the algos in here do you see them? if your market looks like a Christmas tree you're going to get algode in your trade meaning you're going to get tortured so that's exactly why you make the market push outside of the volume event before you stop out of the trade it's doing it so in my trade I had this move in my favor did I trail my stop to break even? no because I know this is what goes on 80-90% of the time so does it mean it's not going to the big money is not going to come in and push it out of here? absolutely could if they can push it back through this event and get an ATR out of that zone congratulations I'm an X trade so if you start to view it more like a competition I always say this because this is what's happening these guys are trying to take your money these algos are trying to take your money what do you think feeds them? what do you think feeds the trading firms? it's you so if you view it like I'm not going to let you take my money on these price chains you got to get it outside the zone then you're like for me that competitive aspect of it stops you from making stupid mistakes you're going to tear me out of my trade so if you can come up with that mindset you're going to do better and then this kind of clarifies what the hell is going on now every time this thing spikes the market rips the other way that's price change algo more incredible information from book map like I tell you guys all the time I would not even be trading nowadays if it wasn't for book map I'd be sitting in a doctor's waiting room waiting to kiss his ass so I trail my stop to this event if it comes back this nasa long I've been in for this entire webinar offer this event here that's basically going to scratch it boom boom boom got long, trail my stop to that I stop out onto my next event next trade if it holds I'm going to take a long off of this as well hold meaning if it doesn't invalidate that's this yellow line I'm sorry it's the ATRY it's the short validation or the long invalidation that's all in this spreadsheet that you can get access to as well via my site or via this site scoppelsonytrader.org or you get it in my trade room and then that's this price here validation price for a long it needs to touch I mean you got to update this ATRY it automatically updates on the zone drawing tool pro you guys will have access to so I'll set it on an email when it's ready but if you have the basic you're going to be able to beta test the pro and it's going to be any day now so that's the new ATRY so that setup invalidates as a long at 57 it validates as a short at the same price right so as long as this and that's basically right here that's the blue line that's the ATRY that's how I judge these events from watching a million of them I determine that's the best way to judge if these are bearish or bullish that ATRY did that on the upside I'm going to take put on more longs here off of that event that's all I got guys a lot of running today but hopefully you guys are learning and stop making the same stupid mistakes that the algos keep taking your money for that would be great that's my goal in doing these webinars is to teach you what's going on and it's my way of getting back at the same entities that knocked me out of the game right this is my kind of payback I'm teaching you what the algos and these firms knocked me out of the game too I was a multi-million dollar trader not anymore I'll be back there especially with this information but it's a trade on your own it's a long haul I am in talks with the firm actually I've got a side of the document today we are going to automate with the firm this reversion trade and then we're going to have exact stats and everything so that's happening soon but I don't have a trading firm backing me anymore if I would have had this information I would have made 10 times that right? this is it in my opinion so I can tell you that 100 times a day all right have a great week I will see you guys twice a day in my webinar everyday if you want to learn it come on over hopefully you can get a verbal lashing too see you guys next Thursday thanks