 Good morning traders and welcome to the hold on getting there getting there the live trading webinar with Scott Pulsini this morning this is the advanced education you get with book map at least that's the way we've done it up to this point in the new year we've been doing it for free in here really nice added benefit for you guys pretty amazing to get this kind of education for free I encourage you to take a look around at other platforms and other even other educators out there and see if they offer something like this very in-depth we have educational course we have also the live forward-looking webinars that go through that course content in the live market and then we also have the hold on just a moment okay never mind it was Scott reaching out and good morning Scott just going through the intro here anyway the live webinars that go through that course content we also have other streamers now we have Tom B he is streaming live after these webinars and going through the way that he trades and he looks at volume profile so we're adding a lot of educational content and resources in here for you guys it the goal here is to create really high value for you so that you can become better traders okay really simple that's the goal we think the platform offers tremendous insight to what's going on in the market and hopefully you find that the value out of that as well along with this education okay so then we offer the live trading by professional traders like J trader and Scott Pulsini they will go through their ways of looking at the market and they will be taking positions it is in demo paper trading mode and only for education so I'll go through it in just a minute here you guys know who Scott is I'm going to be putting his contact information into the chat here for you so that you can reach out to him if you're looking for educational mentorship or other services from Scott let's go through the disclosures and please you know take a listen here it's really important to understand what you're getting involved with here all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations live trading is in simulation demo paper trading mode and strictly for educational purposes live trading executed in simulation cannot accurately represent realistic trading performance so on the last two sentences here important to note this is demo okay is to learn how another trader looks at the markets watch how he executes learn about his market mindset and how he reads the order flow his setups is not to copy his trades really a disservice I think if you go that direction and you'll just probably just move on to the next trader after that and the next one after that so anyway stop listen learn and then you can apply later the executed in simulation yeah one one tick or one lot can make a difference so you know it could trigger stops or something like this some sort of event so in simulation that cannot be realistic realistically or representative of what really what happens in the market but our simulator is very good it does put you in the queue etc so I think I know a lot of other traders really appreciate that risk disclosure let's go through this trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors an investor could potentially lose all or more than the initial investment risk capital is money that can be lost without jeopardizing one's financial security nor lifestyle only risk capital should be used for trading and only those with sufficient risk capital should consider trading past performance is not necessarily indicative of future results all right so with that said let's move on and get to Scott and turn it over to him go ahead Scott let's see here so I don't hear you and in fact I do have actually one news bit to still go through here Scott so hold on just a minute oops I'm sorry I'm sorry hold on hold on I'm getting there I'm getting there so yeah you may have been experiencing some issues with rhythmic the other day it was only for about four hours I believe but they were not disseminating the market-by-order data so your stops and icebergs were be flat this was nothing wrong with the bookmap platform nor the indicator it was the data coming from rhythmic just wanted to let you know about that we do have a new feature coming out you'll hear more about this in the in the near future so that when there's times of volatility you will go to aggregate quotes and anyway I'll talk more about it it should help you but you would not get MBO data on that so that's a whole separate issue I just wanted to address the MBO the other day that was a rhythmic centric issue that was not a bookmap platform issue okay so enough said Scott and let's let me turn it over to him and go ahead okay did we lose Scott hold on a minute get that endless mirror in here I appreciate me yes there you are I don't know what's going on with this thing today but all right I will start screen yeah and I'm gonna share your screen as well so others that join if you can't join Scott's streaming of you then you can join mine so just so you know as soon as I can figure out how to do that okay and yeah you look good you look good good Scott all right so short Nasdaq here that's things just this volatility is just crazy as you know actually the volatility is kind of tamed today compared to what it's been I mean ATR for five minutes like yesterday was touching a hundred I mean it's almost it's almost untradable as far as risk right now we're at 50 ticks so anyway we had some you can see the cell ice right here 300 cell ice I'm actually gonna sell one more right here we'll go over why I'm doing that but it's kind of a variation with this ridiculous volatility how I'm playing the edges of these zones just so I'm not risking as much you can see I just put on one here but again you know when you use your risk calculator which we'll go over so yeah the cell ice here got an aggressively three cores in ATR because we are at the red Ludwig level we call them lugs and using these exclusively lately really started to dig in to the if you guys watch my past webinars last week I don't think I talked about three before as much but yeah I did in the last two weeks I'm using these you know not just as supporters resist in resistance but when you draw new ones what should happen what shouldn't happen and we'll get into that but this is I take a trade aggressively at the red or blue lug the fading because again there's such strong and support and resistance levels so you know I'm going to take that aggressively if I get stopped out we'll probably draw new lugs and I'll have to go along but I'm wanting to do that here because we had a volume event at the red lug so again I just put on one down here because I had to risk literally I got in at 3250 and I had to risk so that was three quarters of an ATR then I had to risk three quarters in ATR above this zone so that's almost literally like it's like 90 something points right so if you look at this risk calculator you know 90 points I could put out one right and I know you know 90 points seems like a lot and then these markets this market can move you know to 300 points in a heartbeat and that's what it's been doing lately so I'm fine with the trade what I did here is I added so we've been doing this a little more often in the room we talked about last couple days because the volatility is so ridiculous so what you can do you know if you don't want to be risking the 90 points you know if you get this zone and it comes back to the top of it I only do this at Ludwig at Ludwig levels but you can enter it and you can stop by and you 156 contracts see if the stop room stops me out but I will add at the at the edges of zones if they're on top of a Ludwig level or a lot I'm gonna say logs from now on I get sick of saying Ludwig level that's what my name them looks so that's what I did here again you can see we're still at this log it's trying to clear it if it clears it I'll get stopped out but then we'll build new lugs most likely kind of like we did here right we're coming down it broke the log we built new lugs it couldn't couldn't hold this they called the yellow it's called directional couldn't hold directional or the prior blue and then that was a good short trade right so it's the same thing here if we build new lugs and I'll be looking to I'll be stopped out but then I'll be looking for a long so we'll see if this can hold so I posted the last couple weeks the meeting I had with Pamela Ludwig where we went over the dynamics of the Ludwig levels and how she uses them and what she is in as far as what you should see what you shouldn't see so it'll be telling one of one of the main first things we talked about on that webinar is you know if we if you get above a log and it doesn't build new lugs and you get back below us just telling you the factors to build the new lugs are did not they didn't occur so when you get back below that's that's just as good as short as the first touch so so that's what I'm hoping for but again if I get stopped out then I get stopped out and look for the new trade so let's see what happens here all right so that's that let's see if this can hold there's been really nothing in the ass there was some stop runs early pull over my little tick strike he's come up but he came up with this new thing where they kind of lock together that's hopefully we don't have to be dragging one by one but we'll be watching this so I can be tortured and watch myself get stopped out here let's just go through these logs real quick and just to see where we're at these this wise right so we're close to the red lug here and yes if I get a short signal I will take it aggressively if we bust through here and build new lugs I'll be looking for longs we'll go over that if that occurs and that will occur if this and as it keeps ripping up Russell so this is one of the other things we talked about so when you get below the directional yellow log your expectation is the blue or the red lug right and if it doesn't tag it that's telling you something's up right so what we're using this is you come up with this these this I don't just jump in here but when I get my volume signal then that's telling me you know if you get a bullish volume signal that's telling me something's wrong and then I'm glad I'm glad to go along now right because we didn't once we cleared this yellow lug now the expectation is to get to the red look right and you guys would be I mean if you haven't seen these things in action they're they're unbelievable as far as markets going right to luck so for instance I took this trade last night before I went to bed I just put on a tiny trade on my other account because you know I can't watch the volume the volume most important the SA indicator as I talk about every time this is the most important factor so when I put on trades like this it's like you know I'm just hoping it can get to here so I literally put this on I'll show you this screenshot over there was a dumb and dumber down here and we moved away we retested I got long and actually this was a little higher but you know blue log I shouldn't even look for a retest but it was at night so I waited it we moved up came back and retested you'll see I'll show you this here in a second in the book man I got long I put my stop and three-quarters in ATR below the zone went to bed and I put my offer up here and right to the lock got filled and I actually built new lugs so this is what I'm talking about once you build new lugs and this might happen at Nasdaq here what should happen is it should hold directional yellow and prior red so you a lot of times you'll see it bounce around but your expectation is it'll hold and go to the next lock if that doesn't happen that's telling you something's up something is up and then you're looking for a move back down to the blue log and again you're waiting for your volume signals to confirm these these trades so that's the most important part I'll show you quickly the setup last night I think I screen shot it I did well there was a dumb and dumber right down here and that's why I got on but again I just wanted to show you I mean again I put that on I was risking no at the time I think it was like 13 points the expectation of this move right and that's was almost on this was a hundred point move risking 13 to make 100 you will become a million dollar trader very very quickly if you catch those types of trades all right let's see if this little piglet could get back below this zone so this was 156 stop run my my usual size in here is for my thresholds is 150 for stops 150 for rise so technically I could draw a new zone here but lately I just been it's been more like closer to 200 so I'm not going to draw this what am I doing here but this was a stop run up here you can see the snake's sweeps Bruce doesn't like when I call them snakes the sweep indicator that was this that was that um so it did hold that so this is actually looking like it's turned into a dumber if you want to draw this zone but it's not I wouldn't add to this trade anyway right now since I have two on so we'll just see if this can hold them below or if not that'll stop me out but we'll build the lugs and I'll look to flip and go along um and then yes there was really nothing recently this morning at the open we got a couple stop runs and I was going to short it and then it blew right through here let's see if I can find this here you can see I had my that was ready to short this market so you had this first stop run here you can see him down here this was like seven something seven thirty seven that's the yellow zone here and then right after that we have five hundred twenty nine stop stop runs on my threshold in ES is um for stops is 500 right so you had this event and then you had this event and I was watching this and we came off of here and then I was waiting for a retest of the most recent setup which was this white zone and then I was going to short it retest failure and it never failed it just went right through so I didn't do anything and then that's basically all that's happened in here if I am wise and you can see once we ripped above here so I wasn't willing to take a long off of the zone even though it came back exactly to the zone that's how powerful these areas are because we went we went a full ATR below the zone initially so I don't use that as that's not that's doesn't qualify as a long setup now if you get an ATR below it it was only worth a bearish um trade for me so now I'm just waiting for something new it goes short here so Nasdaq's holding the ampoule if I didn't get stopped off to the tick like I did here I'll show you this crew trader right there you guys never seen this before I look at this so I literally was in a great mood I wake up I made a hundred points in the yes I put on I will go over this crew trade a little bit and then I added everything was going good and then I literally get filled on my add to the exact tick and then this happened and then I started to lose my mind again like I always do saying how does that happen 10 times a day to me so it started out as a really good morning but at least I didn't get stopped off to the tick on this yet anyway all right um so again I'm waiting so this will be telling in the yes right we know we tagged the the NQ red lugs so hopefully this can get back below here and that's a great great sign for the short if we got above here and we didn't draw new lugs and we get back below these are going to be my targets yes so remember what we just I just showed you in I think it was Russell where we came up or we came down and Russell and we didn't tag the blues same for the red you see how we couldn't tag this that is that is a short shortish sign right I'm not going to just jump in because we didn't take it because the expectation is we'll still take it but the point is if I get a bearish setup now on the volume I will be loving to short this thing I'll still wait for retest failure because we're above the yellow directional long I mean a line and I only go long aggressively above here I go short aggressively below here so I'll still wait for again if we get a new setup here I'll wait for full ATR retest failure to go short but this is telling you something we couldn't tag it we couldn't tag it if you get a bearish signal that's giving you confidence we're going to go here and then probably here and you guys have seen these on these webinars have literally this seems like this is like you know 80 points away trust me it will it can go there and probably well just like this trade here so keep an eye on that I'm going to trade here so earlier you can see here we came up here retag volume setup I went long got another one here I went long filled to the tick and then I got stopped out so I was able to trail my stop I'll show you this here in a second but that's what's great about the SI stuff obviously is when you know obviously to enter the trade but then I got a new signal so my original stop was the area was here was a three quarters of an ATR below this this volume signal right but then I got a new one and I was able to trail my stop three quarters and ATR below there which was right about there and then I added to it so if this this was able to hold I would have had two positions on for a shot at the red luck right it came back stopped me out I took a small loss but you know I took a small loss for a potential huge winner right and that's what trading is right and that just didn't happen but this is telling too for crude right this should have tagged you should not have seen a bearish setup up here this should have tagged this it didn't tag it you get a bearish setup now we're about to clear below this this yellow directional line I will be taking aggressive shorts because you know one word below the yellow line I'll always take aggressive shorts regardless but even knowing what happened up here that is giving you giving you an idea of what's going to happen thesis wise right it should have tagged it didn't got a bearish setup and now we're below here right for themselves yes 200 contract if I get if I get a short signal I will trade this and then this is my expectation down here so keep an eye on that but I'm definitely now flipping my thesis to short crude let's see what's going on here torture treatment still alive all right so again I was willing in this zone this is a little variation with this volatility you guys haven't seen me do this very often or ever in here I always wait for either three quarters or a full ATR retest failure then get in and three quarters I was willing to give this a shot up here it's just because I was only having a risk about 40 which is only 40 points but in this market 40 points nothing I was willing to put that on at the edge of the zone with my stop right there versus this trade where I'm risking 100 points right so because that was the red luck I won't just do this in any setup but if we're near a major log I'll do it and that's why I did that so let's see if this works I'm still in shock I didn't get stopped out to the tick here so whoever's on this webinar your house might get struck by lightning because something did happen um that was a joke by the way any questions first just a yes uh so uh David is asking questions um may I ask well I'll just read it out to you may I ask in profit for example in on nq uh why don't you move the stops to break even this is your thesis right going um uh short uh could you not just re-enter with the same stop at 14 420 uh and short from from the ticks higher I'm gonna have to read that myself that was very long yeah and there's a there's still more follow-up to it as well so this is exactly what we I just said I want to be short crewed here's your stop run now I will go short this market here you see the stop run 324 I will short this three quarters in atr aggressively because we're below the yellow lug plus I know what happened earlier when I was long it should have went it should have went to the red lug and it didn't end so 21.4 times 0.75 so we're doing three quarters in atr 16 ticks 16.05 actually all right so the bottom of this zone I'm already missing this trade probably is 35 so 19 so I'm going short aggressively three quarters in atr so you guys have seen me trade these aggressively or conservatively conservative as a way for if that by the way if this is the low tick I'm gonna I'm gonna break something so just be ready for that um if this the conservators wait for a full atr so that would be 21 what did I say 21.4 something 20 now it's 22.5 wait for a full atr wait for a retest get in three quarters in atr risk three quarters in atr below there that's the conservative I got aggressive because of what we just talked about three quarters in atr I'm in again if this is a low tick I'm going to lose it it was not by one tick it was it drives me nuts man this over here too all right so it's hot co 215 contract all right that's good no more complaining now what I can do I can add and drown my stop on the new setup right so you you saw the thesis of what should happen up there so I was already ready to go short here when I when I got my volume event here's my volume event here's another 213 stops so the minimum I can do is trail my stop so again 22.5 times 0.75 because went up a little bit so 17 ticks so I can now trail my stop 17 ticks above here let's say 30 we'll say 37 right what I can do as well is add to this 17 ticks below because I want to still be aggressive right so that's at 90 I will add to this trade stop will go in the same spot so we got that on the issue with this you know I'm gonna do I'm gonna move this so you know the normal process is to stop out three quarters in atr above the latest setup right um as it's working out nicely by the way and I cannot believe I didn't get stopped up so quickly before we go to crew let's just see where our bugs are here yellow looks not down to we got another 80 points to go 90 points to go so that's good we watch that um so what I was saying is the normal you got to use a little judgment right so here's the the most recent vine event right the normal if there was nothing that happened above here I will get out three quarters above here but do I want to stop out right in the middle of this zone no so I'm only in a risk an extra you know 10 12 ticks and just go right above that zone so I don't see one of these which happens all the time right especially in crude it'll test this zone then it'll go I don't want to stop out in the middle of the zone so this is the same about and I haven't heard this question yet but I'm already about to start my rant about moving the stop to break even the break even is not is not an area where these setups are rejected or not wrong right we'll go over that here in a second so I'm not I don't move anything to break even and that's that's the retail traders I got filled on this ad that's the retail traders biggest fallacy or biggest mistake that you can make trading that market doesn't care that you don't want to give back your profit the market doesn't care that you know you don't want to lose your or lose you want to lose less right put your stops in areas that the market cares about volume events put you know if you don't want to risk all the way up to here then just put a little bit I'm fine 155 contracts I'm fine with variations of these zones when we talk about this all the time this is the science there's no disputing there was a stop run here there's a stop run here how you play these zones you can come up with variations I've been watching this for two years and thousands of setups this is the best way that I've come up with the trade these but if you say you know what I'll add to this but my stops gonna go right here for everything fine I'm okay with that because you're above this zone but if you say I'll get in here but I don't want to risk more than 15 ticks so I'm going to stop out right there well what what is that this is nothing the market doesn't care about this market cares about this area right so don't don't be that trader that trails your stops based on your P&L because you're not going to make it as a trader use areas so I'm willing to risk all the way back up here for this trade if you don't want to do that then risk right there but I'm telling you don't put your stops in the middle of zones in front of zones because you're going to get stopped out most of the time right I had a struggling trader in my room and he's like he put a thing into cancel's membership and I'm like I said I'm a message I'm like I saw your cancel the membership because he said I don't like I don't like your style of trading or the way you're trading or something and I messaged him and I said what do you mean by that and he said well you your risks are too big for NASDAQ I like to risk 10 points trying to make 20 in risk 10 I'm like I go within you're not going to make it simple simple as that because risking 10 points in the NASDAQ that's just randomness you're just randomly risking 10 points you're going to lose you've got to risk above certain areas it's going to be a good trade on us I'm already ranting I don't know why I'm gonna bet so if this comes down here at so this is close enough the yellow log I'll get out of one of these why because we have VWAP you know everyone knows VWAP is you know some it's a it's a indicator that most people use and it's confluent right confluence means it's you know you have multiple things in an area so if this comes down to VWAP and starts to struggle I'll get out of one I don't need to wait for the yellow log it's close enough right um but I'll still hold on to one and try for that or if I see an opposing setup then I'll get out okay so what is that VWAP by the way let's see and you can see him hammering these stocks on tic strike too by the way let's see so this is around 79 so we'll see how it reacts down there if it gets done it's top cl 100 top cl 150 contracts and I cl 150 contracts all right so I got two positions on here what can I do now I can show my stop right quickly stop for the zone 65 ATR is 27 now so 27 times 175 is 20 ticks so I'm gonna go 20 ticks above the zone to stop out risking missing this drawing these zones but so this is 64 65 85 I'll be out of this trade if it comes back up there right this is the beauty so I'm not trailing my stop because I don't want to give back my profit I'm trailing my stop because of a reason a volume event right if I'm in on these trades I don't ignore when they when they happen and they turn the other way right I'm out of the trade so this is exactly what happened on the long earlier I was playing for a huge move I got a volume event it came back and I stopped out and that's fine trust me you play enough of these you're going to catch the big move kind of like we're doing here in Nasdaq right hopefully you can get down here and not pulling Nasdaq and rip all the way back I mean but um let's see what counts going here so um but we want to check where the where is the red lug on crude see how close we are to the blue lug I mean so I'm gonna I'm real close to peeling out all these right 46 we're within 10 ticks when we have a volume event here so I'm gonna what I'm gonna do now I'm probably gonna get out of three right here TC's talks TC 250 contract all right so I'm out of three there and the reason is I know we're still in this zone but we have a volume event and it's real close real close to really close to um blue lug right so I'm not going to mess with it and what I'm going to do here is that this pops above here just say move it to a half ATR so because we're so actually what I should do down here is flip and go along if this turns into a bullish setup I'll just leave this where this is but that's what I'll do I will go along everything is just firing off a one-time air guys so give me give me nowhere than as I guess I don't want to miss this my stuff so frozen so we didn't we didn't get down to that V-wap so hold on to that so what I was saying is why I'll flip this and go along is the same reason I went short and Aztec right because we're at this red lug right our blue lug real close this is close enough I don't need to try to squeeze out another I'm just going to get out of this for right now I don't need to squeeze out another 20 ticks so now what I'll do is I will go along this setup because we have a volume event right at the blue lug real close right so I will go along aggressively out of here we said it's 26 is the ATR platform is frozen on my other computer reverse read off that question while I'm trying to reset this thing please um David I think he answered your question uh about the uh the stops and you kind of answered it yourself a little bit about uh understand the need for the buffer regarding the ATRs uh let let us know uh and uh we can uh it's almost got a two on things settled down here yeah yeah I mean things are kind of hot and heavy too so uh uh try to try to get to the questions um uh let's see uh forex net worth is also asking about um uh your bearish do you have the same bearish thesis for ES and this is a while ago I mean like 10 minutes ago is kind of a while ago now um but due to the red lugs uh on the ES that's why so no issues with book map though right I mean everything is working correctly in book map for you course of course now it's not book map this is gosh I'm going okay out of my other trading platform to try to cover my short that I couldn't get out of because my platform just froze up and now I can't now won't populate do you do you need to call the broker or anything like that if you want to take a break oh it's fine I just it just cost me 50 tax but so now I'm long this you saw why I got out down here like right above this zone because we're at the blue lug now I'm now I turn around and flip this trade and now my stop's going to go three beauty three quarters of an ATR below here so 20 33 that was it beauty Scott 2020 tips what'd you say beauty I mean that's uh I love it uh you know it just it during during the webinars like uh you know it just seems like I always feel like uh you know it's kind of like oh I'm flip flopping right at this real close to this view up here I'm just going to get out of one right here I know we're close enough and then I'll wait for see what happens at the blue lug view up as I could 78 trust me this I mean 15 points in this market is like a link of an eye so I'll just get out of that okay my window's back that's nice nice be able to trade so anyway as Scott is kind of uh doing some trades management management just uh just to note I just love it like uh you know Scott is trading his plan I mean very very cleanly and clearly here like another order flow event at a level he's reversing it's not a flip flop it's just a super fast execution right again I was hoping this thing went to zero right fine with me I got a volume event do I ignore a bullish volume event this is a dumb and dumber this is a stop run one of my five setups and get the course on my website when I end book map marketplace you have the dumb and dumber here stop run you can see these these sweeps I call this white snake here's the white snake as soon as I got out of here I usually will wait this is where I would normally get out on this setup three cores in atr but I knew we were at the blue lug so I was I wanted out right now I'm long stop goes below here I will come back to there let's see what's going on with the cue we'll go back over a little bit once it settles down what I was looking at here all right so blue lug here so one crude what just happened the same thing we talked about up here right the expectation is once you clear the yellow hold the yellow you should get to the red 150 contracts now I have another volume event now I can trail my stop or add to the trade like I did on the short it's 133 I usually wait for 150 you see how we touch this prior zone right I'm not trading off the prior zone but right there you guys need these volume areas are it like this is what this is what these markets trade off of all right so let's just draw this and like I'm going to trail my stop on this now so it started coming in right here all right so so that's the newest volume of them right so now I'm going to trail my stock 20 ticks below this volume event let's just make sure the atr is still the same of course I lost my chart the three quarters of an atr is based on the five minute chart or the 15 minute chart five minute five minute chart there you go David as well as you're right there just 28.8 so 28.8 times we'll say 29 times 0.75 21.75 so 22 ticks so I will stop out 22 ticks below here but I may have to go a little bit below that zone like I did and when I put on the short earlier so 88 so 66 and see that would be stopping out so what I'm going to do again I mean willing to risk to below just below this zone because I'll be stopping out which happens all the time you guys are watching it right now I touch that prior volume area and come back it's crude is in the number one market to retest areas like probably like it's going to do here so I'm not going to stop out at 66 right above the zone I'm gonna I'll risk another 15 ticks and go immediately below the zone because this zone should hold and if it doesn't I'm willing to risk 15 ticks so I don't get stopped out minimum I can I'm moving my stop up 20 ticks right and then if I get another volume event as this rolls higher then I will yeah a lot of zones on here let's get rid of these just because we've gone well through an ATR below here did I just delete that yeah whoops do two things here one I already trailed my stop based on this new event right and QICY by NQ 151 contracts that was a good cover down here you see we bounce basically right off the web and I have a look at this by ice coming in now I can trail my stop for this last one based on this new setup coming in ice is still coming in 152 again I lately I've been going 200 but I have a position on I know we bounced off B-wap and I know we were close to was at the yellow lugs so I will draw this so it's still coming in anyway so this is more this is just continuous so this is definitely more than 150 I may have to expand this zone but let's make this blue for buy ice expire so now what do I do my control my stop on this one lot ATR is 52 points I know that sounds like a lot but it's nothing last few days so it's 52 times 0.75 is 39 so 40 points I'll go because it was a little more than that and this is a little higher and as well so 40 points above here actually we did get above there more let's see sorry you want to incorporate all the prices that happen in the ice right you can see where this event occurred and then dissipated make sure you get all the prices so the top of this zone is 53 quarters so 93 90 53 75 93 75 I'll stop out of this trade this remaining one lot it'll still be a nice trade right even if this steps me out I could find 93 75 so again I hope this goes to zero if but this turns into a bullish event I'm not holding I'm getting out and I'm not getting out because I don't want to give back my my P&L I'm getting out for a reason a volume and that three quarters and ATR above the volume event that's it and then I'm on my next trade I don't sit here and hope or you know again as this was coming down how many times what guy's trailing their stop and got stopped out because they don't want to lose more than 10 points I mean that's ridiculous if you really think about how ridiculous that is you'll stop doing it right I do like as well white snake my stops above that as well so so now what will I do with this zone as far as flipping well because we're below I think we're below we're actually above so what I will do here is I will go along at that same spot because we are above the yellow look so that you see why I got out there I don't need to try to squeeze out another 14 point 15 points when I there's something else there like VWAP right so that's why I got out of one now we get a bullish event we couldn't even tag the yellow if you shouldn't see well you should see bullish events if we're still above the yellow so I take that back so if I now we have the buy ice if we get it three cores and ATR I will go along and this is my expectation again and then hopefully rip through here and build new looks so I'm going to stop out of that trade and and then go along up here and I'm pretty sure I can put on as one again things are starting to settle down so I can get to some of these questions but that's again this may turn into a bullish event we're above the yellow lug I'm willing to go in aggressively if we were below yellow look I'll still go along this event but I need to see a full ATR a retest then a failure then three quarters aggressive is just three quarters to the difference so that's what I'm willing to do if not if this doesn't hold what I will do here is I can add to this trade on the short side now if we go actually this is the retest is not this is this is a full ATR below the zone I know this came in later so now I will go short I will add to the short but I need to see full ATR retest failure why because we're still above the yellow lug so I'm not going to be aggressive out of this out of above the yellow lug you guys may be saying well why would you be aggressive up at the top well I was aggressive at the top because of the red lug right but if we get in between these then I'm then I'm being conservative on my shorts because we're still above the yellow reds blues I will be aggressive because I know how powerful they are as with the volume setup but if we're in between then I need to see full ATR retest so hopefully that makes sense so again ATR is we're up to 56 points so I need to see 56 points below below this so down to 69 basically right yeah 69 so I need to see this come all the way down to 69 then a retest then a failure then I'll get in three quarters and ATR sure I'll add to the short if that doesn't happen then I'll get stopped out and then I'll look to well I actually I'm going long aggressively because we're above the yellow lug so hopefully you guys are following along yeah you you would exit and then enter long on that just just uh uh so right and that's an aggressive entry I mean I'm getting aggressive because we're still above the yellow lug directional lug right so I'm taking all longs aggressively out of here and you had the volume event so I will get in aggressively off of this setup otherwise again if this was below the yellow lug I would wait for if I wanted to go long I needed to see a full ATR or retest failure then I go long but above the yellow lug I go long aggressively okay yeah uh someone's also uh I said that there's a 200 stop in gold um full ATR coming back for a retest but I just wanted things are kind of hot and heavy here so uh just wanted to mention it to you and uh you're caught you're rather caught up on the uh on the questions here I like your uh hot and heavy you're talking about trading or something else wow there's volatility it's definitely not heavy it's very light these markets are swiping I mean it's like yes ATR yesterday was like 22 points it's like that's what the normal NASDAQ ATR is 22 points and like I was risking 40 points to put on a trade I mean you can you can't you got to adjust your size yeah we'll get into that yeah maybe in the net right a little bit um all right so I'm still on this I was gonna say something oh whoever just said there was a gold stop I should pay you to come in my room because this is exactly what I'm trying to tell the guys in my room to do because everyone's secret squirrel quiet and it's like the whole point of that room is to point out setups and new lugs and everything like that I mean there's a couple guys that do it but that's what you know what you want to do with these if you're even in the book mat room right hey there's a 200 loss stop run let's mark this up right now you guys need to collaborate and you're you can work as a team and so no one misses any setups right it doesn't do anybody any good including yourself to be quiet and afraid to ask questions and not point out stuff you know if you're wrong you're wrong you know if something's wrong someone point it out no one's gonna you know you're not gonna get beat up if you say something that's wrong but participate that's how you're gonna learn so whoever said that thank you again I should pay you to come to my room because that's I can't get the guys in there to consistently do that all right so this is the zone I yell I give them verbal lashings every day about that by the way I'm sure a lot of them are on here right now laughing all right so this is the setup so this is what I do I hear a setup then I go to my lugs and I say okay what what's the thesis what does it look like what what should have happened what didn't happen right this is I don't know what this even this looks really weird and said a lot of lugs drawn here but it is what it is so you know we usually see this many lugs back to back but junior lugs what do we do we held the prior blue and the yellow right expectation is the blue here's your volume event if it breaks below that stop run I'm going to go short aggressively three cores in atr because we're below the yellow expectations the blue if this turns into a bullish setup you shouldn't see that that means we failed to tag the blue I will go along on a full atr retest all right so hopefully it's starting to collect so now check your atr 27.6 so just say 28 points 28 times 0.75 is 21 points 21 ticks sorry not points so what I will do here 21 ticks below the zone I will go short aggressively right 82 61 that's my short expectations blue lugs the only problem is how close we if we're too close to the log I won't put trades on because it's not worth the risk it's 42 I'll still put it on but I'll watch if we swipe down this log I'll be getting out at least two or three so that's my short and I will go along conservatively because we're below the yellow log right here's the yellow log I need to see full atr so 27 ticks retest failure and then I'll get in at 22 ticks that three cores in atr 21 ticks and I'll go along but I need to see this to go long because we're below the yellow log I just need to see this to go short because we're below the yellow log right that's it that's my trick all right so that's that remember the setup though yeah so I'm not going to add aggressively out of this zone let's see where we're at I wouldn't anyway I think because we're below the yellow log yeah so I need to see I will add to this if we can get a full atr above here retested we just haven't done it yet right I'm just sitting here 87 08 atr is 26.5 so I need to see 27 ticks out of here retest fail to go long because we're below the yellow look so I need to see this touch this is 09 I need to see this touch 36 retest fail I'll get in at three cores in atr and then my stop goes three cores in atr where I'm already at for this first long right so this stop is already actually I went a little lower because I got below this zone right when I delete that where's my order interesting later that but that's fine so that's where my stop will go if I get if we get the full atr retest fail so that's going to take some a little bit of time so way on that um there's an answer back again I will flip this long aggressively because we're still above the yellow look and we never even touched it the non tags aren't as important as the non tags of these but we couldn't get down here volume event I'll go along I'm gonna go back to the red look so you see how I you know markets change quickly so I I'll flip based on what didn't happen or my thesis and then I get the vine that way I'm it's ready to go so what what did you this is how quickly this stuff flips right so we built new looks what did we do try to swipe down quickly got back above red got back above yellow anything above here you should expect to move to the right it's exactly what happened then we got the volume signal at the red remember how I said if it gets above stopped by nq 197 contracts along that obviously it got above here it couldn't hold got the other volume event I got short aggressively expectation yellow look that didn't happen I gotta have one at the web I just got stopped out here on my other one but now I'm long based on this didn't happen volume event the expectations right looks you see I'm like if I wish I would have been long I would have been short now I'm back long and it's all confirmed with your volume the most important piece the book mad by I think it's up to you it's coming so this is a new event too so what I should do here I'll stop up but I'm not going to go long yet actually I'll go long because I can control my risk I'll flip I'll flip and go long one so here's the new event right 200 lot stop 192 this is what's great about these sweeps as well you can really figure out where they started where the where the stop run started right there get all your prices in there you see where the this is black mamba and I'll first close my calm snakes I won't call them snakes I'll call black mamba and white snake this is this is black mamba we call it in the room this is a stop run we'll make it yellow or warm whatever color that is all right so that's the new volume event my field I'm now long right there so now my stop's going to go three quarters in atr below the newest volume event right that's at 55 atr is 56.2 56.2 time 0.75 is 42 points so my stop will go for this one guy and that's all I can trade because I'm just getting 100 points on a trade right 42 points below here that puts me at 16 14 stop on this guy goes right here tonal risk that is what it is this is the volatility I'm adjusting the volatility it's all I'm doing right so now here's an example will I go along so you saw I went long at the remember I went short up here at the top of the zone seems like two days ago by the way see where I went short up here at the top of the zone well I did that because there was a major lug there this is not a major lug this is in between lugs the yellow and the red so I'm not so say this pulls back right say this pulls back to the bottom of this zone I will not go along you could again you can come up through this is the science this is the art CL 230 congrats you want to play these zones so that's taken off we're ever stopping here so now what I can do here a little stuttering going on with the so now worst thing I can do is trail my stop right new event I'm not trailing my stop because I don't want to lose my profit back I'm trailing my stop because there's a new event that's why you trail your stops not because you don't want to give back money because if you do do it for that reason you will give back money you do it enough you think you're doing the right thing you're not doing the right thing trust me you want to base it off something it could be lugs it could be volume setups it can't be because I don't want to give back my money 27.26.8 some guy in the room said there was a way to do this ATR and the three quarter ATR and think it's so am I just having to get a chance to do it so 20 20 text below here is three quarters maybe two eight three quarters of an ATR and that's why I will stop up so 37 17 is where my stop will go because you should not see a bearish volume event based on what is happening here actually I take that back we're still we're still below here so say this turns into a bearish event here's a VWAP by the way but I'll just hold it I'm at least playing for directional but if we get an embarrassment if this fails I'll stop out of my long and I'll go short aggressively because why we're below the yellow log so this will be an ad or I'll flip and go short there if not my expectation now is so what what I will do here because I want to be consistent here's VWAP if this can't pop above here right now I'm going to get out of one of these we just saw NASDAQ how that basically saved me 100 points right just watch this for a second NASDAQ's rolling I'm just going to get that one because I'm sick of watching so this will be so I still have two on let's just do it this way so I'll get out of this two lot and I'll flip this short if this comes back here right other than that my expectation now is a minimum directional yellow 87.71 and then maybe this will get rolling and get up to the red lug and if you think that it happens all the time you're like that's way too far away you watch trust me if we get above this and you start getting volume events we're coming up there and it'll be glorious gas will be ten dollars a gallon but all right so now we've flipped along here so now we're close to the red lug 65 we come up there I'll be out and then I'll wait for to see if it holds so I get I'll get out at lugs without any volume event right like this pops up here I'm out and then I you know I can always get back in because if we draw new lugs yellow be like right here blue will be up here red will be here it should hold prior red new yellow and then I'll get another song was certain I will get another volume event then I'll turn around and get long again I don't want to watch this we just saw what happened here I don't want to watch us come all the way back if there's no volume but then I just want to get out right so that what I said that was and that's right at the bottom of the zone too so actually if we touch this zone and start to roll out I'll just get out I mean the red lugs like right up here like 65 ish never filled on gold yet again I'll get shorter aggressively I'll get long full at our retas fail gold is not been really weird lately not not really trading trading like little spurts and we'll do nothing so I'm not expecting anything to happen there for a while alright any other questions Bruce yes so yeah in fact I was just I'm just writing in here to everybody I'm trying to take stabs at answering your questions here so because you're just so actively trading and managing your positions and this is just really really good stuff this is what we need to see execution how an expert executes very very quickly and effectively and they're they're kind of mindset here so so guys don't I'm hopefully I hope not to offend you by kind of getting shots shots at your question here CL is going higher as one here Scott there's a couple questions from someone here about the ES and the correlation if you're taking a look at that as well yeah actually missed a volume of any RDS so let's see if we still trade it this is trade I'm gonna get rid of these zones are happening at the open we've already traded up and down through them ATR so here's your here's your most recent event so again I have a process right and I found my process it's not oh I feel like this is going to happen I talk about on my webinars all the time for my room I always feel something right I'm like yeah this doesn't feel right but I still follow my rules trust me you're not gonna I've been trading for you know 24 years or whatever it is so you I have great intuition well intuition with these algos doesn't work very well right so it's like I'm just following my plan and what you know what I expect again where I'll change things as you know I say I get out at three cores in ATR if there's a zone right below there then I move it below the zone as you saw but that's about it other than that I don't mess with my system because I know it's an extreme edge it's this this these volume setups in the lug you're in the lugs you're not going to find a more powerful edge in trading take it from me 24 years I've never seen a more powerful edge right so I know if I follow my rules and don't make any stupid mistakes which happen sometimes you know the room sees it I do it occasionally and then I berate myself for it it doesn't happen all the time but sometimes you know I'm human so are you guys right you're going to make mistakes but for the most part I am you know clear concise know what I want to do have my process put the trades on that's it but they lose onto the next one on the next one you're not going to win every trade trading as is all statistics right as percentages you keep putting them on you're going to catch huge winners like the NASDAQ like you know like the one I took overnight in the yes all it's just you just got to keep putting them on you can't be afraid of losses if you think you're going to come in here and avoid losses you're wrong it's not going to happen you take your loss you control your risk the way you control your risk is with the volume setups you're out none of the next one that's it that's what trading is right um all right so let's this was a thousand close to a thousand nine eighty five by ice so what's the process volume of that go to the lugs what's going on here well so we didn't tag this that was not good if I got a volume and then I would have shorted and I would have got out of here kind of like we didn't ask that was real close we held this now expectation is to come up here and tag this again you should not see a bearish event if I get a bearish event I'm going to short it but I need to see full ATR retest failure because we're above the yellow look so then so now I know what should happen this should you got to give the benefit of the doubt we're going to tag the red lug you should not see a bearish event right so now what's ATR in here 13 only 13 points only 13 at points that's it all right so 13 points so this will be a bearish event if this goes 13 points I just got stepped out on that group pullback so I stopped out of my trailing stop so this is almost 13 points so if this goes 13 points retest failure I'm going short so the but this someone was 144175 we need to see 8875 actually what I say 13 it's actually 14 so 8775 for this to be a full ATR below here which will be then a bearish event which you should not see above the yellow then I'll wait for a retest failure and I will short if this holds here and gets back above here three cores and ATR I'll go long because we didn't violate the zone with an ATR so it's still potential titanic setup one of my five setups actually we have six now it'll still be intact because we didn't make it a full ATR below there right so keep an eye on that this is probably not very good for my NQ long came all the way back she had a nice profit on that I should I should have just got out it was close enough to the zone so this is what I'm talking about intuition right like things like this where you're like okay red lugs right here this is the prior zone this is a couple ticks as soon as you start to see red bubbles I should have just been out of the trade I don't need to try to milk out another 15 points like I did with the VWAP right so this one I just cost myself 60 play could come back but it's like there's no reason to mess around this is where you can use your intuition and be like you know what that's good enough like this right this was red lug was right here baby lug was right there actually that's not baby lug that's VWAP VWAP standard deviation but we had this zone right there like I don't need to squeeze out 15 more points like that's nothing in this market get out and then wait for your next setup so that's where I kind of screwed up but it's harder to you know jump in and out of here when I'm on these webinars but if I was just sitting here by myself I would have definitely got out right there and said okay that's that's good enough I just caught a you know 70 75 point trade that amount or 70 point trade but it may come back up all right ES again it never got a full ATR below this zone so this is still a potential you see these white snakes here there's nothing on the nothing on the SI which is good to know so this is still potentially a bullish setup because we didn't get a full ATR below here still a potential Titanic setup Titanic is when the market runs in a buy ice so say on the long side and it holds and moves higher right broken ice as if this goes a full ATR below here that's broken ice so paper is not always right and you get that you get that I get into my run sometimes too well this is a bullish event this is buy ice buy ice and sell ice are not by themselves bullish or bearish events it depends on how we move out of there right like we saw the other day with yesterday all the days are blending again because it's been so crazy but there was tons of buy ice actually it was yeah it was yesterday it was after the Fed tons of buy ice right after the Fed and they got smoked right so I know you well you don't know what they were doing they might have been hedging them I don't care it's the area that's important and you're gonna see it when you watch it enough there's traders on both sides of the trade when you see an area with a lot of volume that's all you need and then you make and you see how it moves out of their ATR three quarters in ATR use your Ludwig levels again if you don't have these she's got a three three day trial go to her website Ludwig levels commons from 1972 I've already made fun of her about that she knows it she's just been you know busy with all her customers but um say you saw it on book map webinar and she'll have some kind of special discount as far as maybe giving you an extra product or two because I think it's four products if you remember my room you get six products instead of four you get grandfather pricing all this other stuff so but anyway go try it that's you try it for free and you'll see how ridiculously powerful these things are with the vibe so like it's again I have never seen a stronger head between using this these and the all right uh oh did I flip this I flipped this trade right below the yellow just came back all right so I gotta get this stop and first and foremost so I flipped it we did get a move in the core rebound stuff up hey the other other volume setup it's not a coincidence the ATR is 28 so basically 20 takes above here 21 takes above here so I will stop out of this short remember I flipped that was long I got out of my long and now I'm sure so that I will get out three quarters in ATR why did I go get into that trade aggressively well because we're still below the yellow right I'm willing to give that a shot aggressively if this turns into a bullish setup well then I'll turn around if I could get full ATR we test fail I'll go long as long as we didn't get an ATR below here which I think we did this was at 37 probably got stopped out of this one which is not cool this was 37 down to oh four what did I say ATR was it's 29 it's 30 so we didn't get yeah we did sorry so this what so I'm not going to go flip and go along here right because this confirmed as a bearish event so I'll stop out but I will not go just flip and go along because this got a full ATR which makes it bearish only it can't be bearish and bullish the way I trade these if it goes a full ATR so then I'm just waiting for a new setup again this could be a loser it's fine on to the next trade on the next trade so I'd be nice for sales yes 275 contracts on the next trade on the next market for sales yes it'd be nice for sales yes 200 to contracts trust me you think that stuttering is annoying I get times where it importance has something to do with my computer too but it'll say it like 15 times in a row it's not it's not fun all right this is big ice and soybean so what do we do this is our third market we're trading they actually possibly fourth if we could fill it on goal this is why you want to watch multiple markets I mean some people don't have the bandwidth I can watch multiple markets but you want at least two or three so if your market sucks that day you're not forcing trade just move on to another market especially when you have this indicator the most powerful indicator on the history of trading did I ever mention that before get this drawn this is step one right right there great thing about grains is the zones are pretty tightly this is like a point point and a half with 426 sell ice in here right next step let's get our thesis and the lugs what's going on with the lugs what do you see here built new lugs be able to hold yellow red you expect blue that didn't happen again we don't know I don't think this is the middle of the night I don't know when it was it doesn't matter when it was things change right you're ready to flip if things don't happen this was this morning the others this is middle of the night so then what happened well we got above here held yellow held yellow try to get below try to get below now we're above volume of that I will get long aggressively that's my target if this turns into you should not see a bearish event if I do then I'll wait for full ATR retest failure that'll be my target that'll be my target all based on volume and the lugs right so then you go to your five minute ATR is 3.10 3.1 times 0.75 2.32 so we'll say two and a half two and a half points above here I will go along aggressively because actually I could throw a little size because we are above the yellow so 50 and a quarter two and a half points is 2.275 so I will go along there red lugs at 58 I'll get out of some there you get up there and then my SOPS gonna go two and a half points below here I'm basically risking 10 cents I know it's 10 cents to basically make six or seven but uh you know sometimes if it's a real close look I just won't put on the tray like in the room if it's right on top of the lug I'm not going to put on the long I'll just wait for it to build the lugs and wait for another setup but I will take this we'll take this trade crude held the zone now you know so many times you'll see this like your ranges you see on your bar charts well a lot of times it's just bouncing in between zones which you just saw right there boom boom boom get this out of here I got out of this NASDAQ and I just had another chance again missed this because I was on another market again I don't need to squeeze out another 15 points I would have been out of there twice no hopefully I'll get stopped out but that's a possibility still a good day in NASDAQ but like making mistakes where I should have been out of the trade and then watching and then go back on our points that's not cool all right so what do you see here what do we just talk about this is the volume of that this is ES that is a full ATR this is now a bearish setup this is broken ice get by ice come in try to hold the market up no we're above the yellow lug so I will now I won't get in I wouldn't get short aggressively I'm waiting for ATR retest failure then I'll go short because you should not see a bearish setup above the yellow lug if you do something's wrong and this is going to be the second time just remember this going into this afternoon when I get off this webinar no dice no dice bearish setup we get below here this is where we're going baby lug and this that's what you should expect if this if we do this and this I will fully expect to move to the blue lug with a double a double chance to tag red no no dice no dice held inside the v-wap one standard deviation fully expecting to move down to 32 do you think that's crazy watch watch by the end of the day so what do I do I'll go short then what did I just close my eyes and hope well yeah if nothing happens stop stop guys yes 200 two contracts I didn't get filled in I'll come back to that yeah if nothing happens if nothing happens here then yeah I'll just sit here and hold it if I get a volume event that's bullish I'll get out of the trade right other than that you hold the trade and you will be amazed how like they were talking the other day in the room like wow nq lug was so far away I thought there was no chance and I like went there in like 10 minutes it's things are ridiculous as far as also like your target where you're now you know most traders put on a trade and they've got 55 things on their chart bearish bullish bearish bullish bearish so when they finally can't pull the trigger then they're like maybe I should get out this is this looks like a this I don't want to be short here this is a bullish indicator blah blah when you're just choosing your volume and these and nothing happens you're like fine bring it I think we're getting we're going to go here here or here right you can get out of a couple there or there and you just sit and let the trade work unless you see an opposing volume set up and then you get out and flip potentially all right I would love to see this pop back up here I'll get out and then that would be a retest of this zone and then I'll go short if it retest fails that would be just fabulous all right so he means another event 100 buy stops and more sell ice so this is a delayed dumb or a late delayed double whammy what's a double whammy it's a dumb money retail puke we're all dumb money if we're not at a firm right we're not we don't have them we don't have the funds to be smart to make ourselves smart because that's what they do they push the market around because they can they make themselves smart so you had the puke he actually had sell ice before that that's what we drew the zone on but then you had a puke this is a little delayed and then there was more sell ice in here so again now this goes ATR retest fail I won't go short because we're above the yellow I'm not going to be aggressive out of here like I was to the long side this trade things change right any questions Bruce this is 40 say 49 you said two nap points has a full ATR is that right I'm sorry three three three point one four so three and a quarter points I need to see I'm gonna draw I need to see three and a quarter points out of here so 46 three five seventy five right we said 49 45 75 retest fail three quarters in ATR I will go short stop will go three quarters in ATR above there and then I'll play that way again we just went over why this was should be bullish you shouldn't see a bearish event right things change yeah we're expecting this but if that doesn't happen now you get a bearish event now you get short you're expecting that is target that is target but I need to see full ATR retest for it to be the bearish event for me at least full ATR would be a bearish event but for me to get short I need to see full ATR retest failure all right Bruce start right I guess what any any other questions uh no I think I've kind of caught up with the questions though but this has really been an excellent webinar Scott I mean one of the kind of distinctions between you and and others out there is just exactly what this webinar is showing your ability to execute so quickly and kind of volatile markets like this fantastic stuff so I'm going to put this into the selected webinars on our youtube channel so others can see it as well but I think we're caught up on the questions um and yeah nothing this is the issue I'm having with this computer so first and foremost I got the damn landscapers outside my house perfect timing so if that's that noise because again training's not hard enough without distractions you see this is threshold of PC 390 for Tom Brett of course everything's going to fire up every time Bruce just every time I mutter I'm getting off the webinar you know this has happened for a year straight every time pretty much so we're short of here so what can we do go go throw something at the gardeners there you gotta be kidding me man seriously it's like it's not hard enough to concentrate I gotta listen to that nonsense all right so you have this okay so what's the worst I can do trail this stop hold on a second oh boy those those uh landscapers are going to be getting just chewed out right now yeah exactly David and logical yeah I'm glad he muted yeah exactly if he didn't mute we couldn't post this video or do I have to edit it out all right guys that was the I thought it was our landscapers as the neighbors so I can't tell them to get out of here so if it goes off again apologies so what I was saying is I can I can trail my stop now everything's firing off right here at the moment so 24.3 is the ATR 24.3 times 0.75 is 18 ticks 18.2 so we'll say 19 ticks above years we're all stuck out of this starting to lose my cool double leaf blowers that's what I have outside my room too and I just want to I'll basically standing next to each other all right so that I'm trailing this short here I will add to this short and you see this liquidity blow here too that's just added bonus because you know we're going there because that's paper and paper gets what they want because they make themselves give up they want because they push the market around so once again here's blue lug remember I said I would uh hold on a second so what I'm going to do here I'm just going to get out of these right now wrap blue lug so that's what I was just talking about right I don't put on positions on top of the lug so what I will do I got out of the the original setup was up here right now we just got a new setup so what's going to happen here I'll just get out yes this one's in the middle of the zone but if we just bounce off the look if this one ends up going the full ATR or even three quarters in ATR it's very likely will be it'll draw new lugs and then I can go short so what I'll do here is because at the yellow lug I wait for retest failures so I will wait for a full ATR or retest a failure and then I will go short this latest setup so this doesn't happen a ton but in this situation it just happened you get a setup right on top of the lug I'm not going to stay short on the lug because I know how powerful lugs are if this comes back down below that setup then we're very likely to draw new lugs especially for some reason this thing's drawn lugs everywhere today um then I'm going to turn them out wait for a full ATR retest of that zone failure and then look for the next lugs yellow red or blue sorry not red all right so I'm out of that trade tiny tiny winner but that's what it is um what do we miss here I still don't get stopped at an aztec what's going on here today I've avoided two stopouts so far so again I just cost myself because I wasn't on top of what was going on up here this is a hundred points because I didn't get out close to the zone close to the red lug a hundred points and I'm probably going to get stopped out of this it's going to be a 150 dollar 150 point mistake that doesn't feel very good but all right so what did I miss here in ES yeah but even though you're still like way up on the trade yeah but I still don't like I don't like that because again I will get out I don't need to see an extra 10 15 points in aztec I'll get out and just wait yeah yeah I mean yeah yeah exactly and and these are the points you make in these webinars like learn from these like mistakes you know right right exactly I mean again it's hard for me on these webinars because I'm on one screen I can only see one market one doing stuff and I just I just miss things yeah I mean Scott if you don't want to take questions during these and maybe Q&A later that's fine this is I mean this is just very rare to get insight like this from a professional trader like like you on on they're executing like this so yeah just you know go go with it oh it's fine it doesn't it's not the questions it's just me being on one screen is the hardest part I see okay animal stuff and it is what it is so um all right so we'll get this drawn this was the stop one and yes I was really hoping for a retest of that first song because I wanted to go short remember I said you shouldn't see a bearish event and you saw a bearish event I was not aggressive out of that zone because we're still above the whole look right I was really really really hoping we would get back up here to retest this song and it didn't happen right I was waiting for this and I was gonna go short never got there new setup did this get an ATR below here let's see there is 13 and a half points bottom of the zone was 80 84 got down to 70 76 so no that was only eight points so this still can be construed as a bearish our bullish setup right this still can be a dumb and dumber dumb money puke hold go the other way because we never got the full ATR below there let's look at our lugs see how we're gonna play this right off the yellow log right so I will continue I will still go along here I know this didn't happen this didn't happen but you shouldn't see a bullish setup done right you should see this break again it's not a bullish setup yet so let's see what happens here but I will go along aggressively because we're still above the yellow log so again 13.5 9.75 is 10 points 10.12 so 10 and a quarter points out of here 87 97 along right there that's three quarters and ATR aggressive entry off of this zone because it was above the yellow log if we happen to get below here full ATR then I'll wait for a retest failure then I'll go short that will be below the yellow log and I still think we're going to code I don't really want to go along here I mean I'm playing again like I told you it doesn't matter what I want or what I feel I feel like this thing is going to sell off hard but you see how I will still go along based on my my setups right but like we talked about this couldn't get this couldn't get there again things can change this could be a bullish setup we can make another attempt you've got to give the benefit of the doubt that we will finally tag the red but if we get below here and that'll be right below that setup then I'm still expecting this by the end of the day so we'll see if this holds and we go higher then I'm then we're probably going to go up and tag the red you just got to be ready to you know ready to flip your thesis and it's all driven by what the volume is telling you right that's the thing it's like if you're trading just the lugs by themselves so many times you'll get chopped up right because you're like well like you know say you get short up here because I didn't tag say you got short up here because it didn't act well then turns around and stops you up and then you're like okay didn't take again I'm going to go short you would have caught this to the yellow but then you're like oh it's below the yellow I'm going to get short here wrong right so it's like that's why this is one piece very very powerful piece but the volume is and all be all the book map si indicator volume is and all be all period that's it if we can fill here so we'll see if I get filled in I'm probably up off this getting an ache especially listening to leaf blowers in my I was going to say backswing leaf blowers in my backswing you know I have golf on the brain um so here what's going on in here so again this was 3.1 do we get three points below here no we did not remember 49 we needed to see 46 75 I'm sorry 45 75 that never happened now I'm long I got filled on this long this is because this is still a bullish setup we never got the full atr below here I got in three quarters atr now my stop's going to go a full atr below there at the 45 25 all right so we're long that and why will we long aggressively hey how many leaves could you blow in one area that's all I want to know this guy's been standing in the same spot for 15 minutes starting was my cool verse go hit him Scott throw something at him so again we're what's the expectation well minimum this right we already talked about this earlier couldn't get to the blue got a little yellow and many times you'll see the choppiness around the yellow that's why I always wait for retest fails on setups around the yellow because you'll get this a lot and then it cleared it expectations here and higher if we can rip through there so if we get up to 58 I'll get out of a couple of these probably I'll get out of at least half if it struggles I'll like if it gets up to 58 and I start to see red big red bubbles I'm I'm just get out of all of it and I'll wait for a new setup and once we build new logs right all right so long that we got out of we got out of gold looks like that was correct so again we want to see this bust below here build new logs and then I'll then I will go short again long now yes so what do I do and and never got stopped out miracle I'm not kidding whoever's on this webinar I would not leave your houses today because you have witnessed two different moves in the Nasdaq that I did not get stopped out to the tick do not leave your house so I'm telling you don't press your luck um that was a joke but I can't even get a chuckle from Bruce all right so what what happened here so I was waiting for a retest of this zone to short it but a new event happened right so what I'm going to do here is I'm just going to get out too close I'll just hold on to this what I'm going to do here though is I'm going to get out of this Nasdaq now I'm not pressing my luck because now long I don't think they gave us little black mamba to play off of too how convenient how nice of them so what I'm going to do here if this gets below this black mamba I like we'll give it 10 points see this black mamba here 262 swipes this gets back down to 1250 I'll just get out of this trade because I'm already long as I don't need to see this come all the way back again 150 points again we're close enough to the log close enough to this volume set up from before I'll just get out of this and then I'll play my uh that probably about to get stopped out of there so finally how am I playing this 13 and a half points so we said 10 10 points 10 and a quarter points is a three quarters in atr so 10 and a quarter points I probably have only have two on that's good so 10 and a quarter points below this zone I will stop out of this trade so that's 74 73 quarter or 73 3 quarters and I understand this is a big risk trade well that's why I only have two on right because if this turns out to be correct this thing can easily go 50 100 points you've seen it multiple times in the last few days right so I'm fine with risking 30 points on a trade 25 points on a trade and then that's when you do this right you come here again this is in my room you should have that they have variations on the internet you can find them not come to my room you can get it so if I'm risking actually I have too many on here right so actually this is 1.5 was just a 2 2 percent risk I'm risking 25 points in the net and then yes yeah I can so that was a good guess 22 risky 25 I could put two two contracts that again I'm not going on a rant today on this if you're not using something like this you're over trading your account and you're going to blow out your account especially markets like this so all right so I stopped out of NASDAQ good day in there so far um and then longness as long as this holds that expectations red lug for some reason this gets back below here so I won't I will not short this zone now because we got a full ATR above here right so this setup is done for a potential short but if this fails and I get stopped out we get below the yellow lug and I get a signal remember like I said I still feel I feel like we're going to sell off today but I still took the long right because that's my process but if we get below that so I get stopped out of here so once again you should this volume subs here this should go tag this if this this happens and I get stopped out of that tray which will be right below the yellow I'm looking for a short setup and this is where we're headed I feel like that's what's going to happen today but again I still went long right because my setups told me to go long but if this fails get ready because we will be testing this blue lug today if not lower all right Bruce any other questions if not I'm gonna hop off no no I think you've gotten through everything and this was really great great webinar Scott thank you just to get some insight to you know you in the heat of the battle here and just you know you know very concisely and you know quickly swiftly executing and wow you know that's all I can say so we're going to put this onto the youtube channel under the selected webinars as well as it'll be under the streaming it'll be in both areas so if you guys want to review maybe over the weekend or whatnot so yeah thank you Scott great stuff I mean it's so simple too that's what I love about it uh levels easy and simple and easy yeah levels and volume around in or order flow events around your your levels that's it right exactly you know if you guys use something else for your levels as long as you don't have 45 things on your chart you can do the same thing with the lugs that I do with the lugs but I'm telling you right now again I don't just I don't incorporate things in my trading um haphazardly like it took me a long time watching that I saw one of the guys in the room and went when I room made like a million and a half bucks I'm like okay I'll start looking at him and I looked at him like oh my god these things are incredible so again I don't just throw things on my chart and show you guys without thorough research and I'm telling you the lugs with these with this the volume you're not going to get a better edge my pick but hopefully you guys learned that's the whole point of these and you see even you know even though I feel a certain way I'm still putting on my trades you're going to get stopped out onto the next trade on the next trade then you're going to catch the whopper right that's what trading is all right um so going you know again I'm long yes I'm still long beans I'm watching this 58 that's the red lug I'll get out of most of these if not all if we tag it and then I'll see if we draw new lugs up there and if we do most likely there'll be a brand new volume of that and I'll turn around and get long again but I don't I'm not just going to hope we build new lugs like if this gets up here and struggles at all I'll get out and then I'll wait for new new lugs to be built and I'll go along again on a new setup all right guys that's it yeah thanks Scott and uh guys look for the webinar soon I'll have it up there for you in a few hours but thank you so much Scott really really great insight peek peek under the curtain here to see what's really kind of the mindset of a season veteran here definitely seasoned definitely seasoned definitely veteran I'm also a I'm almost also a senior citizen it turned 50 in a month I'm already getting like AARP things it's that's pretty depressing yeah yeah that hurts yeah that's not good all right I'll see you guys next Thursday thanks Scott thanks bye