considered specific investment advice nor recommendations. Risk disclosure, trading futures, equities, and digital currencies involves a substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Sorry, just a minute longer here, guys. I'm sorry, I just started off in YouTube. So anyway, we have Scott today and I have his contact information and if you wanna reach out to him, so sorry about that. I kinda cut it a little short on that. Scott, go ahead. Take it over and share your screen and I will reproduce it here on my end. There it is. Okay. So markets are all over the place right now. You had ECB talk and Putin came out and already started chirping and gold, or actually gold's getting smushed now but crude and gold were all over the place. This is a little bit of a go. So I didn't get a chance to catch up with this but there was some monster sell-ice in here, as you can see. So I guess we're switching more to me just explaining stuff and not putting on live trades in here, correct, Bruce? Well, I actually didn't put a trade on this account. Yeah, yeah. I mean, this, as you guys know, the history here was live trading room and buy design. All a part of our education, what we have the educational course, we do the live analysis that refers exactly to the course so you can see it unfold, the education unfold in the live market. And then we have this element here of JTrader and Scott trading live. So you can see exactly how they're trading. And we're gonna shy away from that. We'll still do that live analysis and Scott will look for how he, he will show you how he trades and how he looks at these markets but it's not gonna be live trading anymore. There's just too many risks involved with this. And we think that people get kind of wrapped up into the trading and they miss the points here in the education. So instead, Scott will say, these are the things I'm looking for. This is how I trade. This is where I put my stops and the entries I'm looking for but it is not a trade recommendation. Nor a trade calling room whatsoever. And that's what we wanna get across here. This is about education and we're trying to teach you as much as we can about how to trade successfully and not just to follow. Right. I've been in, I actually really haven't been in trade rooms before I started this one. I did some incognito. I saw some people talking about certain trade rooms so I went in and just to see how these guys, what these guys were doing or how they were trading and most trading experts doing air quotes, never actually, they've made money, make money. And the other thing too is you're exactly right. So this in my trade room as well is to teach you guys what to look for, how to trade, how to identify these volume events. This is the driver of my trading but it's not, I have a distinct style of the way I personally trade these volume events. I tell you, every single week, the volume events are the science, right? The art is how you trade them. I have a specific way. You might wanna listen to how I do it considering I've seen thousands and thousands and thousands over the last three years, three plus years. But the whole point of the webinars and explaining this stuff to you is so you understand how markets react to these volume areas and then you apply these concepts into your own trading. And if you're brand new then you try to follow, not put trades on like I put trades on but trade it like I traded, right? And that's what my trade room is for. It's way more in depth where I go into, I do it every day and explain exactly what I see and where I'm putting the orders in. We have a spreadsheet, you guys will see that. But it's for you guys to understand how I'm trading these areas and if you are an accomplished trader or you understand what's going on, then you just apply these real-time volume events in the areas that you deem important. That's the whole idea of everything that I'm doing, right? And I love teaching traders and I like doing webinars that keeps me grounded from losing my mind a lot of times. I still lose my mind, especially lately, but I like teaching you guys, but this is not, hey, it's buy here, sell here. It's understand why I'm buying and selling and then you can apply it for yourself. So back to the trade room, my guy would get in there and this guy would, the one that I was watching, the guy would put it on a tray. And then he would kind of explain why he was putting it on the trade. And then he'd say, okay, here's my stop, here's my target. And then out of nowhere, you just get out of the trade. And I'm sitting there like, okay, are we just supposed to like read your mind and why you did that? Or he'll explain after the fact, some of the times he did. Again, I wasn't there very long, but that's the point. It's like, you never know like, I may see something that I don't like and just from my experience and I'll get out. It's not really following my rules. It's just, you're never going to make it as a trader if you're mirroring somebody else's trades. You have to learn this stuff yourself. So that's my start of my rants for today. I'm probably running a lot. I've been getting my head kicked in the last few days. And guys, you know, it's trading. I don't know what else to tell you. You're gonna have drawdowns.  But in the meantime, it will do that, right? And that and that and that.  So you've got to understand there's gonna be ups and downs. Yeah, you can try to get better and understand why you're losing or what you did wrong and eliminate mistakes. But you're still gonna have losing days. Markets are random, just like, you know, I had a reversion trade that we're doing in my room on and crude a little bit ago.  So it's like, I don't care how great your system is, these are still markets and you're going to have losers because there's a lot of randomness in these markets, right? But this is the best thing that I have seen in 25 years of trading. It hasn't quite been that long, not that old, but about 23 years to help you, you know, understand what's going on in these markets and then it have, you know, areas where if these markets violate, then you're out of the trade so on and so forth. So anyway, get an S&P, I am short this on another account where this was some, actually this wasn't it, this was it over here, right at the open large cell ice here, 1800 cell ice, that's this black zone. And the way I trade these zones is there's one or two ways you can enter them. You can wait for a full ATR where we use the five minute ATR and thinkorswim, it's the 14 period while there's just the default thinkorswim ATR, if you want to understand what this is, just Google Wilder's ATR, you can bring this up on basically any platform, that's the one I use, I don't make things complicated. But what I saw was this cell ice and of course these markets are, you know, went ballistic yesterday and then into the open today, but now they're pulling back. So you can see, so this zone was important and it's still important. And now it's important more for a support zone, but this was, let's just look at all the things that happened here. And again, I draw these zones where important things happen in the market, right? So there's four important areas of charting are tops and bottoms of balance areas, right? Tops and balance areas, just consolidation where traders are placing bets for lack of a better description, right? Tops and bottoms of balance areas, however, I am note about balance areas, they call them HVNs, that's where the most trade occurred in the balance area. And then the other two are directional conviction and buying and selling tails, like this was a buying tail yesterday. So that's where I draw my zones and you would be absolutely amazed at how these markets react to these areas when they come back to them and or it gives you information if they just blow through. So like yesterday, this was, it did react initially and then it finally pushed through. So that's information as well. So this was a very important area. This was a gap down, directional conviction came back, gap right into this, failed again yesterday, same thing, you can see that selling tail and then it recovered it. Facebook came out with their earnings yesterday after the close and then it kind of ripped up. So even now, I'm keeping this zone here even though it has gotten through here, you know, the adage support resistance is now support. So this is now a support zone, right? So I fully expect this is where this market gaped up. I could even made a smaller zone here where this market gaped up from this morning. This was probably a 42.  But, you know, anywhere in here, if I, I'm definitely bullish this market, obviously, we can make this one monster balance area too. Everything's fractal, right? So this is, you can imagine the shorts in here, the longer-term shorts, the pain they're feeling right now, right? So the whole idea is any pullback now, these shorts get out of their trades, right? So now these zones are awesome support zones where you wanna look to buy, right? And many times these markets will break out of balance areas and it's just so obvious.  And then, you know, again, I mean, this is more of a convoluted balance area, but you can make this one here, there was one here, you can make this one bigger one. The point is they break out. That's so obvious. Everyone jumps on and then it pulls back. Everyone thinks, and then you stop out, but all it's really doing is just, you know, stopping out the weak shorts and then it goes. So be very careful is what I'm saying, and especially in these equity markets and crude, trying to break, play the first breakout, the best trades are when it comes back to these important zones like right here to go long, right? So anyway, you know, when I got short up here, it was, yes, I know this is a sports zone now, but it doesn't mean we can't pull back, you know, I'm a day trader and this will be a decent trade. I mean, so we have 20, 30 point trade and we could pull back and still be in this zone and then I'll look to go long. If this comes back and melts right through the zone and gets right through this gap from the table, then I think we're coming back to these areas, right? So, but as of right now, my thesis is, and you know, my thesis, I'm probably 50, 50 thesis caller, right? It doesn't, it matters, but it doesn't matter. You come up with the best ideas that you can, but then you let these real-time volume events help direct you in the way. And then when everything lines up, when you have a thesis and then the volume event aligns with that, that's when you can trade bigger and so on and so forth. So, so basically I'm short here. This is a spot gamma level. I'm seeing if this, the only thing I don't like about this short, that doesn't mean it's gonna happen right now, but as we've seen in every book map webinar I've ever done is liquidity levels, the market will head to them because this is the big money and the big money will get the market to these levels. Like I explained all the time, how do I know that? Because that's the game I used to play when I was a large scalper. I used to put in, you know, back then I was trade, I could trade up to 3,000. I never really had 3,000 unless I was wrong in trying to defend a position, but I would put in like a thousand lot offer, right? It wouldn't be this far away. I mean, it was very contract volatility back then. You know, and I would say we're up in here somewhere and I just start, I start getting long, knowing my offer was sitting up there, right? And then I would see how the market would react.  And then it would just swipe right into my sell order, I'm out of my trade, done. And then I do it over, rinse, wash, wash, rinse, repeat, right? And I would just, that was my game all day, every day, right? So this is exactly what's going on here. It's obviously a little more volatile these days, but you can bet that this market is going to probably take out this liquidity at some time today. Doesn't mean it can't go lower first, absolutely not. So I am short, there's some liquidity down here too. You know, again, the longer it's been in here and the more important it is and the more likely it's going to tag that liquidity, right? So I would love to see, you know, if this does come down to this area, I will look to get out of a portion of the trade if it can't launch through there. And then I have specific areas that I exit my trades as the market moves in my favor. And this is all part of, you know, we go over this every day in my trading room.  If you don't get it tattooed to your forehead and send me a picture, then you can't be part of my trade room. Just kidding. But the point is you should be reading this every single day. So anyway, you know, I pay myself as the market makes money to be number five here. And so when I get into position, then I'll watch these areas and we'll get out of a portion of my trade at these important areas, level with levels. We talk about them every week. We'll go over them today. Market profile, composite size, lowest point of controls, VWAP standard deviations, spot gamma levels, struggling to get through the liquidity. That's what I was just saying, that liquidity down at 4150. If it struggles to get through there, I'll get out of a portion. And then important predefined zones. We just talked about the four important areas of trading that I have on those charts, on those bar charts, on candle structure, or an opposing SI setup. So those are important too, right? So say like the day continues and, or even, so say we came down here, which I'm hoping this is starting to make me nervous to get up, it's probably gonna go up here now, but say this came down here, I got out of my trade and then I'm long. Well, I would watch this prior event to see if it failed, then I would get out of some, right? I wouldn't say my ultimate targets of liquidity. Well, if it comes up to this event, starts to fail, I'll get out of some, especially when it's confluent with something else, and you can see it's spot gamma level. So these are just all areas that I will potentially get out of trades and we'll go over them as we put on trades here, or not put on trades as I talk you through trades that I'm putting on another screen. So the trade I actually did not put on and I was going to and I got sidetracked and gold is a tough market to trade, but when you see, cause stop runs left and right in here all day, every day, it's like the worst traders on the planet. I don't know how they continue to be able to, whoever it's in here, it's like just puking left and right.  So my threshold and gold, my tradable threshold on the SI subchart is 150. This iceberg was 1300, you do not see that. I think this is actually probably the biggest iceberg I've ever seen in gold. I should have been way more attentive to this trade and you could see how the market reacted to it, right? So guys, if you don't think this is an edge, you're just not seeing the big picture. I look at how this market reacted. Somebody in here, remember, the icebergs are hidden sell orders. Somebody was in here aggressively buying like, yeah, this thing's going higher and higher and higher. Let's look at the chart here. I was saying ripped yesterday and look at the reaction here. So this wasn't one of the right in between these prior zones from prior past stuff. But everyone's thinking, yeah, this thing's going and this is exactly what I'm talking about, breakout of balances, how it's so obvious, everyone jumps on and then they get screwed, right? And then when it pulls back, these are the best places to go along, not chasing the market, especially gold. But my point is, if you are staring at a bar chart here, even me with my zones, and I think my zones are absolutely spot on, they're really good. They're really important edges for me, right? But this was basically in the middle of nowhere. And you can see, if we pull this back, there's really nothing here structure-wise, right? So if I'm staring at that and say I'm long, I'm long from astronomy, yes, I got this. We're heading up to these zones up here. And then this market just stops in the middle of nowhere and does that.  And you puke out and possibly take a loss on the train. You're like, why? I don't understand. Well, you don't understand because you don't have all the information. That's what I talk about every single webinar. This is the completion of the information that you need to make the best decisions, right? I stay at a whole time.  This is the most important part of trading, knowing, hey, wow, 1,300 sell-ice just came in there. I might wanna pay attention and look at the reaction that this market had to that area, right? So anyway, I blew this. I sit here and talk about it. I just, and I knew that was a lot. I put it in my trade room. I said, 1,300 sell-ice, never retested. So a lot of these, especially in gold, it's just a whipsaw show. So I was watching this. I was gonna go short on that, the same reason I'm short ES. That never happened, but what I could have done here, and you can see these all look like tiny events because it's relative to that main event there. But these were stop runs where I could have just jumped in. I wanted to short this original zone. I could have just jumped in and then trailed my stop to the newest setup. So this was not threshold, but this one was. So what I should have done here, I'll give you an example how you can trade these zones that they don't retest if you just love an area. Like that area was not some special area for me to get aggressive out of that zone. I was waiting for a retest, but when you get a new setup, you can then just jump in and then drill your stop to the most recent setup, right? So I'm gonna show you what I was looking at on the spreadsheet that we use in my room. So this zone was 06. Top of the zone was 1960.6. The bottom was 82. So I just used it 06 and 82. As you can see here, that was this, right? So I had it ready to go, but I was waiting for a retest of the zone. So my short price, if I was aggressive out of that zone, I would have been short at 53, right? Well, I was watching it and then the stop runs fired off literally like, this was the first when it got down to 53, somebody else was shorting it at that price too or puking. That wasn't threshold, but the minute I heard this and I did eyeball it and it was just like running away, I should have just jumped in because that would basically be trading off of this zone. But then because it's a new event, I can now trail my stop based on this zone and I'll go on ATR above that zone. So the point is if I was like paying attention and I should have been for how big this sell ice was, I could have just jumped in. This is a variation. Don't get confused that this isn't my normal trading style. But the thing is like, if you love a market, like so if I would love this short here, well, there's a way where you never get, if you're waiting for a retest of the zone, well, one, you're not getting filled there because it never did that. But if you're like, okay, I wanna be aggressive. And then the way I trade is I draw a new zone based on the newest volume of it, right? Well, as this thing moves down, you could be getting volume of it, volume of it, volume of it. And you're never in the trade because you're always reverting to the newest event, right? So my point is if you love an area and you get a new event, you can still get in and then just trail your stop based on the new event, right? And then I could have done it again. I could have trail, I could have gotten an aggressive here and then there was more setups. There was another one here. So this was an incredible trade that I missed and you can see here, this is some more huge size. If somebody's selling the bejesus out of this, out of gold, you don't usually see this kind of, especially a spirit. That's natural gas numbers coming on here in five minutes. Oh, let's just draw this on here.  You can see on the on-chart too, it helps you draw your zone. So you want to take your bubbles off the screen. I talk about this all the time.  I'll show you that here in a second and then you want to use your cursor and find where the spike started, right? But you can also see this black line that is where the cell ice was. It's on the on-chart SI indicator. I draw my zones off of the sub chart, not the on-chart but it just line and it can just incredible information. I mean, it's to know one, it's one house that's basically selling this. So that's interesting, right? And then you can help you draw your zones. But so I follow the prices in this spike and then once the spike ends, I incorporate every price that happened in the spike, right? So that looks like that came down to there, right? And then you had somebody came in and was swiping it on top of it. So that's those bubbles, sweeps, Bruce doesn't like when I come, he swipes, but we call him swipes in the room. But that's important information too. Like, especially if you're in a position and you're seeing swipes the other way, you're like, hmm, what's going on here? And you can actually get out of some when you see stuff like that, but. All right, so that would be the zone. So you can see here, I could have caught this thing. I missed this straight too. So this was, let's see. Okay, so this is, this makes you feel a little better because it came back. So if I was short, say I was short from that cell ice way up here, right? And this is what 200, 200 tick move straight down. This is the most recent volume event. Actually came in again here, I'll make that back. So this is what you can see, look at this. This is one house, right? You have 500 here. You can see this line. And another, whatever that was, it was probably over 200. It was another 364. And then you got another, so this is like another 1300 cell ice. So this is a major player. And I will promise you this, whoever sold it here, sold it up here. This is the same person. Cause you don't see, I don't want to say person, same entity, it's a firm obviously. You don't see this type of size in here. It's pretty good information to know. When you think that another, so overall you've had 20, almost 3000 cell ice today in gold, like that's unheard of, right? Pretty, pretty good information. So I came down here. Here's my hackies, handy dandy hackies that I have set up. All right, so that's the most recent zone. Okay, so I incorporated, you know, I usually will revert to the most recent event, but I mean, you can see this is one house and it's just one right after another. You incorporate all of this, especially for the position trading that I'm doing. We're doing two types of trade in my trade room position and ATR reversion trades. I'm not going into that in the webinar. If you want to learn that, come to my room and you get the spreadsheet and everything. So if I was short this, now what I would do, one, I go in here and enter the values in because I can still actually go short this market if this fails too. So it's 1339.4, or 1939.4 is the top of the zone. The zone is 51, that should be exact. I don't know why that's not, should be 51. ATR, this helps you judge the volatility and it's the core of you have to adjust the volatility to that day. Talk about it, every webinar I've ever done, I make funny, you guys are using static stops because I actually should make fun of you, I should feel sorry for you because if you're using static stops and you know exactly who you are, I like to risk three points when I put on an ES trade to try to make six as you're not, you have to adjust to the volatility of that day. Like right now, the ATR and ES is almost eight points. If you're putting in three point stops, good luck. You might get lucky, but overall you do that all the time when you're putting in three point stops when the ATR is elevated, you're gonna get stopped out just on random rotations. It just makes no sense. So we have a system based on these volume events that I will place based on the ATR. So you can see here, for instance, if I'm gonna go short on this new event, which I might, it's telling me based on my zone prices, based on the current ATR, which is 36 ticks every five minutes, this thing's rotating. If you're using your 10 tick gold stop, good luck.  So anyway, if I short this, I short it 11. I will stop out at three point four. So that would be, so say I do go short this zone and this has not gotten ATR above, so this is still a potential short setup. Stop, get up here. Then I can, I would short at 11, right? So yes, this is a pretty big risk trade, but one, the volatility is telling me that if I'm right on this trade and the size that's coming in that I can get multiples on this trade. So it doesn't matter what I'm risking a point. So in this point, point-wise, in this trade, I'd be risking from entry to exit 123 ticks. Yeah, that's a lot, but it's not a lot today. It's based on this ATR, right?  And that's what we do with this position spreadsheet and actually I gotta change this because I didn't get smoked lately and that happened in trading. So if I, this doesn't matter. This is not static. I'm changing, this is what you change, not the point you're risking how much you're trading, right? So I could put on 1.5 gold contracts, which is not possible on the big or 15 micros. Guys, there's nothing wrong with trading micros.  Well, if I say I rounded down and I just put one on, well, then it's all or nothing. So then I gotta sit there and try to hold it for a bigger trade. And I'm not allowing myself to get out in important areas. If I have 15 on, I can get out of five at, you know, like let's just look at some of these areas that I potentially get in. By the way, the, oh wow, that's, I can't believe that happened. It must be something that I'm not sure, of course. Um, I got to put my stop in. Surprise, surprise, by the way. You guys, do you guys surprise where this headed to? I was hoping we could get maybe a little moved down before it came up and tagged that liquidity, but that's, it's simply amazing. I was telling my trade remasterly, if you just brought up your chart every day and you found the markets where the liquidity was basically, you know, it's not always a clear cut, right? A lot of days you'll pull up some markets, you'll see liquidity, liquidity, liquidity, liquidity. Well, that tells you more, probably gonna be range day. When you pull up a chart and you see nothing but liquidity on one side of the market, and you just waited for trades in that direction, I'm actually gonna do it with one of the Apex accounts. So what I'm doing now is a lot of these strategies instead of, because I've got about five million things in my mind that I wanna try and it's really hard, you know, to do everything on one account. So on and so forth. So I have these different Apex accounts that I have separate strategies, right? So the one strategy is it can literally be, I only take trades, you know, of course this is the driver, but I will only take long trades if I see the rest of the liquidity that way, right? So that, that right there. So in this instance, I would have never been short this market because I'm like, nope, I'm only taking long as it where the liquidity is. It is, as we've been talking about this since before the SI indicator and stocks, it doesn't matter. When you see that liquidity, it is a magnet and the market is headed up there a lot. Sometimes it doesn't get there that day, but you know, it still gives you a direction to trade. I'm telling you, if you just use that alone, if you learn anything from these webinars, then just all liquidity, you could be a professional trader just on that. You gotta be patient, right? And that's very hard. It's very hard when you, especially using this, right? And this is one of my weaknesses too, I was talking about this just straight as well. It's like, I'm having a drawdown as well. The markets have been hard, but you know, when I'm on the webinars and everything, I'm taking these trades because I get giddy when I see this stuff because I know what a powerful edge it is, right? Why did this not fire? That might have a high-end turn down. Have you been talking or anything? Cause I didn't, none of this fired off. I didn't hear anything. I didn't hear it. Let me make sure my alerts are, that's like 3000 bias. That would have been out of that short, I heard that the first time, hold on. When it first fired off, well, I don't know. Yeah, I turned it down. So guys, this is another reason you wanna have this up somewhere in your face. First of all, you know, especially if you're watching multiple markets, you get to a point where you hear it, but you're not listening to it, right? So it's like, you'll hear it. You're like, yeah, yeah, yeah, yeah. When you have this up, you can just be like, oh wait, I'm missing, you know, stops, what was this bias? Scott, can you show us, show us where you find that? Yeah, I was just about to do that.  So you have audio, you set your audio up. This is based on the assigned care. You can, I mean, on the sub chart, you can do it for the on-chart as well. I don't have it for the on-chart, but you come in here and then you put in, this is for the text alerts. You just looked at and then check this and you can put in, this is for bonds, obviously, but you put in what you wanted to read to you and you could put in any, say, heads up dummy, you're a moron, stop making mistakes, whatever you want. It's pretty funny. So that's how you get the audio alerts. So anyway, the minute I heard this, whoops, this is not, that's a new man on, that's not out yet. The minute I heard this, I would have been out of the straight. So I just basically cost myself 14 points because I was not, I didn't, I have my volume down because I think that squat guy was chirping a little bit ago. So anyway, these are brand new volume events. Very important information. I'm hoping this retest probably won't because we bounced in order we bounced out of, hey, that important zone that I said is resistance is now support, right? Remember we're talking, we're right here, came right back into it, go on. These are where this market's going and now you have a volume of it. I will be tickled if this can come back and retest the zone but I may have just missed this time, right? Four nice icebergs by ZC, 400, 4 ton wraps. So I'm gonna incorporate all of this in one area. You can see this was one house too, you see. I'll use yellow and yellow. I'm trying to separate my colors but you had 500 by ice, 900 by ice, 900 by ice, another 900 by ice. So you're talking over 3000 by ice in this one condensed area, it's about a three-point area. Is that important, do you think? Do you think you might wanna know that? Do you think you can see that on a bar chart? No. And I love these guys, I posted something last, there was a couple of weeks ago on Twitter and the Twitter channel. I said something about seeing the- How ice icebergs sell wine, 100 to contracts. I was seeing the iceberg and it was like in crude or something.  You could see that easily in the footprint. You don't need bookmark for that. And I said, you can see the absorption in the footprint, which we'll look at here. But I said, good luck trying to draw the area, the exact area like this actually came in, right? Well, and we'll look at this in a second. And then I said, and then how do you see like stop runs? How do you know it's a stop run? I can't tell you how many, again, I'm doing air quotes. Educators I've heard in the past were like, oh, and this was a stop run right here. Just because it was the high of the day or whatever. You have no idea if it's a stop run or not. This is a 100% certainty when you're using this information if a stop run. Like this was a stop run. It was actually was my, I didn't draw this one right by the way, this is my sixth setup that's been introduced. This is called, this is the unicorn. It's called step bros, step brothers, Bruce named it. And I confirmed that Bruce, remember I went back and I checked the text. Thank you, Scott, appreciate it. Here and a half ago, you did name it. So it's by stops with by eyes. So you guys got puking and you have the by eyes coming in. So basically this again, this is one big zone. I'm gonna incorporate all these volume events and I'm praying that this retest so I can get in because I obviously missed this entire thing and I'm not very happy about it. One because it cost me on my short that would have been out a lot earlier and I would have gone long aggressively cause this is right back out of that zone we just talked about. But should have what it could have. I'm actually even in color at the unicorn color in honor of the step bros and Bruce naming the setup. Name it or I think that's pink or purple or whatever in color of mine, but it's, I know it's like rainbow-ish, unicorn-ish. All right, so let's put our zones in. Zone prices in 79 down to 70 quarter. And that's incorporating all of this. This is very, very, very important no matter what happens here. I'm hoping this retest fails so I can go long, but if this comes back and melts right through that's information as well, right? Let's put this in. My short-term memory is shot from all the trauma I have in watching these markets for 41.79. If it meditated today, it's this morning, so I should be pretty even keel. I probably won't go on too many rants. Blame you guys for bad trades, but it happened. That's your zone. ATR is up to 8.05. So how do I use this? Okay, I'm not doing this. This is exclusive to my room, this ATR strategy. We're doing the position strategy. So this is telling me where I would get in for a long or I would get in for a short. My rule of thumb to determine what type of setup this is, bearish or bullish, is when it can push a full ATR away from the volume of it, the top of the zone, right? Oh, what's that price? That all has to do with the ATR that I put in there. This is the current volatility. So if the market was able to push up to 87, I think it did right now, basically. Now this is an officially a bullish setup for me. So if I was going long aggressively out of the zone, actually I could do that, let me just see where we're at here and make sure I'm not up against a red lug. But I just said I would. Okay, so we are, let's see if we got new lugs drawn. All right, so we got new lugs, so that's good because I don't like going long into the lug. What you do see here, there's, just happened there. So this is a bit of a delta divergence, right? Can anyone guess why, what is causing this delta divergence? By the way, anyone guessing? So we've obviously, so all this is showing who the aggressor is, right? Whose eating bids are taking offers. As it's moving up, that means there's more taking of offers than hitting bids. We can see this market was here. It's barely, the CBD cumulative volume delta has barely gone higher as we made new eyes. This is a delta divergence. Well, why is that? Yeah, it was good to see. You know, like if you just look at this, this is where traders make the mistake and get caught. They're like, oh man, somebody's hammering this thing. This thing's going up, but the volume's, I wanna be a seller. Well, yeah, they're hammering it. What do they hammer into? I don't know, 3,000 by ice. That's pretty important information to know, right? That's why CBD and the footprint are not the whole story. So you've got, I mean, we're using the footprint more and more in my room just to help with these areas, but this is the key, right? So yeah, CBD is going down or not going up. Well, it's because these sellers were being aggressive and they got a mouthful of about 3,300 by ice, right? So that's really important information to know. Like let's look at the footprint. I got a chance to show you a crew yesterday. Gonna be my newest playbook. We'll go over my, this current playbook that we're using too. Trying to add one a week, even all behind on that. All right, so let's just take a look at what the sell ice looked like, right? So this is using the footprint, right? So yeah, you can see there's definitely, actually, I take that back. So this looks like, so you wouldn't see this, right? So if I'm watching this, so CBD is doing this. That means they're hitting bids. They're not taking off as much, but if you look at the footprint, you're like, well, wait, there were 20, and this was all the way from 57, right? So this is showing you 26,000 contracts traded. This is a 10 tick reversal bar. So two and a half point reversal. Once it reverses two and a half points, it draws a new bar, right? So this is showing me 2,600 buyers. This was a little bit of selling. Well, where do you see that iceberg in this, in this, unless it's up here? No, this is happening right now. So this is my point. Like, this doesn't show me anything that there's an iceberg in here, right? This iceberg came in, this 3,000 came in from 70 up to 79. Where do you see that here? This is showing me actually, first of all, it went from, it was from here to here. See how this is like convoluted? Now, so if I go over to here, it doesn't even look like really anything happened, right? So if I'm going from 70, 79, how do I have any idea what just happened there? That's not showing me anything, right? So this is, we're using this for certain instances, but there's time and a place to use this. It's not every time, like, a lot of traders will see and there's a lot of, you know, information on the footprint on the internet, some, you know, capable traders. And listen, it's volume. Obviously that's the driver of my trading and I believe it's important, but it's not just use it every time you see it. So this would be a good example. Like traders will go, we'll see, oh, hey, there's 26,000, there's 2,200. I'm gonna go along here. I'm gonna risk below the bar. Yeah, and no, right? It's like just in random areas, it's not a big deal. But if you can use this stuff on top of the SI events, and then you have something, right? But just, my point is you just do this every time, you're not gonna make money. Like I'll find overall, right? And there's a reason, you know, the main footprint company, and I was friends with the guy who was Market Delta, that's what I use, I was introduced to this. This is what I tried to stay in the game with back when I couldn't make, when I was making millions of dollars and it stopped overnight, couldn't make a dollar, right? Dr. Brett Steenbarger came to me and said, hey, you might wanna check out this program called Market Delta, the software Market Delta. And that was a footprint just like this. This is before there were footprints. And I tried to use this for years and years and years and remember, like my, the SI events are based on my experience as a large scalper, right? Well, I had still had that experience when I went to the footprint and I could not make money using the footprint consistently, right? So there is a time and a place to use this, right? But I even have that part of the, my, this is the Dada set up, we'll go over, right? I even have some instances where it's important, but it's important when you can put a volume event there, like for instance, this one, talk about how stop runs are usually not real buying, real selling. I mean, in this case, it's not real buying. Yeah, it's buying, but are they guys initiating positions or are they puking? Well, yeah, you can initiate a position with a stop, but most of the time that's a retail puke. Well, that you already have that information, hey, it's a stop run, most likely to fail because it's not real buying. And then this is for example, when you use the footprint and you look at this, now I know as that market went just above that stop run, here's the stop run, different color here, here's the stop run, okay? And then as it made a hire, I already know that's not real buying. If you're looking at a footprint, you think it is. Another reason why it's just not, the footprint is not at all be all, right? You don't know that's a stop run. And then it goes higher, net sellers, there's net sellers here, when hire again, still net sellers. So I already know that's a stop run, 100% certainty it's a stop run, not from this, from the SI indicator. Then I know there's net selling, once it gets below there, it's go time, right? And this is what the setup is, we'll go over, hopefully we'll get one of these. And you can see, and then this one, when I get this setup, this distinct setup, and you should know this playbook, and this is what we're working on in my room, oh, everybody in my room needs to be developing playbooks, exact setups that they look for, right? So this is what we look for. In this case, I get in aggressively, so we've been talking about ATR, this one I would not wait for that, because of everything I just talked about, I'm in aggressively, stop those below, you catch the monster move. This one even did it, I even take this straight at the time, because this is the right one I was developing this, even though I've been looking, I have about 40 playbooks in my head or more that I'm gonna start putting on paper for my room. But this one I was watching at the time, and I was afraid of that, and this is another example how it always doesn't go right to the liquidity.  So that's an example of it always doesn't go, and it was real close to the liquidity, too. So yes, great, I'm jumping back and forth here. It's very important to eyeball the liquidity, but it's not always, you know, yes, the volume event supersedes that. So I got the volume event, it was short, and you look, then you can get out, then look for longs, back into that, and you would have made a killing on that the next day. Yeah, Scott, just a note, like, you know, like yesterday Jay Trader showed a really great, very simple visual chart, and side by side with a candlestick chart, and it just showed like the stair-stepping, you know, kind of spoofing or lowering of liquidity of a larger player, and then they pull and absorb on the other side with the buy limit orders and the market rockets to the upside. So it's not, you cannot see that, it's just not available in that candlestick chart. So that's where you can get this edge, and then you just showed it in the footprint chart. The footprint chart didn't show anything regarding what really happened there, and CVD. And the footprint chart doesn't show you the money, it shows you what trade, it doesn't show you what, you know, where the liquidity is. Yeah, and then the CVD was, yeah, okay, CVD is really blunt instrument or an indicator, buy minus sell, buy minus sell, buy minus sell. However, something is really weird, the way you pointed that out, it was excellent. Like, what's going on here? Well, there's another, it was just being totally absorbed by buy ice, you know, what more do you wanna know?  So, you know, what we're talking about here is just getting much, much more transparency into what's happening in the markets, and that's actionable. Right, that's the whole point, it's actionable. It's so actionable, I mean, you can draw the zone to the tech, and that's what I do, right? So again, this, I could have, first of all, I didn't see it, but if I saw it, then I have to make the decision for myself, am I gonna be aggressive or not aggressive? I potentially would have been aggressive based on what we talked about right at the beginning of the webinar. Margaret opened up, I was up here overnight, pulled back into the zone, then we see the buy ice go long aggressive, again, what's aggressive? It means the minute this moves in ATR, I'm using ATR plus 10% on the zone, so you can see here on the spreadsheet. So the ATR at the time, and we'll change this here in a second, because I'm sure it changed a little bit, was 87, well where's my aggressive entry? It's just, it's an ATR plus 10%, which makes sense because it's 0.75, that's 10% more of an ATR, so I would have been in an 87.75. So the whole point is as you understand how to use these volume events, and understand how to draw them, and know how to trade them, and I recommend you, especially if you're first starting, you use my method with, especially with ATR, but it doesn't matter, you can use this however you want. When as you would get, if you love the area, you're like, oh, this thing's gonna rip from here, then you're in immediately when it could push outside of an ATR, why do I do that? Because there's algos that snap these markets back when the market moves away from a volume event like an ATR. So that's proof to me, if this can get outside of the ATR, there's a bigger, there's something bigger happening, and it's running over these snapback algorithms, and that's why I force it, and I've learned this the hard way, right? Everything I'm doing, I've learned over, like if you get my course, the 2020 side course, you know, I'm talking about getting in, like right when it breaks the zone, put your stop below zone. Yeah, it's great for risk reward, but I did that enough where it would do this, this, this, and keep stopping me out. So then I've moved to a more logical way to adapt to the volatility where I'm forcing it, and again, I used to say, okay, I'm gonna get in 50% of an ATR, I'll get it, and then that would happen. Okay, 60, or I could tick, tick, tick. I finally said, okay, I'm gonna push just outside an ATR. Yeah, you've got to risk more points. I'm okay risking more points to make sure it's a more sound setup versus just jumping in because I don't want to risk a certain amount of points. That silliness, right? So if you do do that, you can, again, trade these however you want. You can say the minute that gets out of that zone, oh, I love 3000 by eyes, I'm getting in the minute it breaks there. Well, yeah, this one worked out perfectly. You're only risking back to the bottom of the zone, and you already got yourself a 15-point trade, right? But from my experience of trading these, this is the best way to trade them. Wait for an ATR, retest failure, or if you want to get aggressive in the minute, it breaks out an ATR in 10%, right? That's how I trade it. You don't have to trade it that way, you can adapt that, right? Then you can hear the single and nuts. These are my favorite, favorite days, not, I hate when the market does this. So anyway, I missed this trade aggressively. It's still not over, this thing could stop, come back, retest failed, then I'll go along. Other than that, I'm looking for a new setup. I'm still gonna stop by AT 203 conference. And this is Tickstrike, again, you can get all this stuff on my website. There's discounts, click on the banners to everything on there. Tickstrike's one of them. This could drive you crazy. It's very important information, but you know, when you have a position on it, this thing's going nuts the other way. It is not comfortable.  I've ever been waterboarded, thank goodness. But I'm assuming that's what it feels like watching and listening to your pain. All right, so this is good information from the footprint right here. You know, what I'm mainly watching, yeah, I can see the, obviously see the buyers or it doesn't take a rocket science. You can see it in the bubbles. Like yeah, they're buying it. I'm paying attention to this type of volume. You can see like it's 2,700, 2,400, 6,000, 10,000, 3,000, 26,000, that's important. These are invested traders in this area whatever way this breaks, right? But I don't trade this on its own. I'm waiting for a volume of it, but this is just good to know, right? So when this comes back down here as well, this was, this here was 35,000, whoever tried to sell it didn't work out so well for them. And then that was part of that. I don't even think that was part of that buy-ice, the buy-ice was down here. Point is, this is all an important area. So what I could see this market doing is coming back and I know this, I know I had huge volume here, but then I also, so there was big volume overall and then I know I have my huge buy-ice area. This is an extremely strong edge of that type of trade, right? So if this does this, this, this, and do you see here, right? I'm not chasing this market. I didn't get in aggressively for a reason. And now I wait. Now it's either this comes back, retest fails, and that's a very, very high percentage trade or something new comes in, then I can get in then. But I don't chase.  I gotta get in, yeah. How's that working out for the guys that just jumped in here, right?  Again, pardon that type of talk for the ladies on these webinars. But you guys, it's us versus them. Like, what do you think trading is? It's a zero sum game, right? You're trading, someone's trying to take your money, you're trying to take their money. That's what this is. It's the ultimate competition, right? So if you think otherwise, so you think probably want to be a sniper waiting to blow some heads off, right?  Just think of it that way. So anyway, I'm being patient here. This is also a spot game, a level where this could fail. And then I will watch this, this, this. Hold on. What happens if that happens? That's incredible information. Where would I have ever seen something like that? Let's see yesterday in crude. See if I can find this real quick. We're just talking about, and I can't do two things at once. My screenshot of this in a second, guys. Okay, so this is yesterday. This is on this balance breakdown in crude. So this is actually another playbook that I'm setting up for the room. So obviously balance breakdowns are not hard to spot, right? We were talking about these early breakout breakdowns, right? And many times you get the jukes. Well, guess what? Yesterday was no juke. Yesterday was this move on ridiculous relative volume, which we'll look at. But what could have signaled this and that's what I'm talking about. This happens with this ESI zone heads up because this is exactly what happened yesterday. So you see this is crude, and this was all in that balance area. It was right at the bottom of the balance area. Someone came in and said, I love the bottom of that balance, right? I'm gonna buy that.  This is a small balance, but this is a balance area. It's all, this is a two-day balance area, right? These are traders placing bets. Some guy came in, firm, whatever, and I drew his own here today off of that move because it was directional conviction out of there, but someone tried to buy it there thinking it was gonna do that again, right? Well, it originally moved the ATR away from there. And this is why I wait for ATR retest failure. So you got the buy ice, and it was like 200, you can see it there. This was after the fact, this was this zone here, right? Here's your ATR. Oh, great, that's a bullish setup, supposedly. Well, did it go ATR retest failure? No, when ATR die, that is, even if you didn't trade this, that's understanding how the markets react to these areas.  That's the bottom of the balance. This thing should have done that, instead it melted right through there. And then when you add in, I'm gonna show you guys this and then I'll answer some questions. This is very important information to be looking at. I thought I screenshotted that. Yeah, here it is. All right, this told you, watch the F out. This is something, okay? So let's just look at that now. Dammit, I gotta keep going back and forth. Oh, let's see if it's right here. Please be right here. All right, cool. So that buy ice was right around 78 to 7815. And it was at, I'd say nine, Spanish 905, my time, so 10 to 10 central. So you had, I set up, everyone looked fine and then you can't see it on this. Actually it was probably here. Yeah, you can, I'm sorry. So that was this. You got the buy ice and went right through that zone and then that. So when you see balance breakouts with that, you do not wanna be jumping in. Somebody was hammering this thing. Yes, there were buyers. There has to be buyers, right? There has to be somebody in another trade. So somebody was, the aggressor was the seller. And we'll look at this on the CBD as well. But so someone was buying this and they were getting run over and it was like four, five, six times buying. That's when you wanna go with the move on the breakout. So my whole point is this happened after that. So this right there said heads up, something's going on. And then when you start seeing this, it's like, and there were set up, set up, set up and things just started getting run over with the setups. There was another one here, right? These were all broken ice setups. So this is actually gonna be the playbook. It's gonna be balance breakdown through broken ice or broken ice setups. So point out that guys, this is what I'm talking about. This is stuff that you cannot see otherwise. So we're using everything in conjunction. The most important part right there was telling you, hey, heads up, that volume setups failed. I didn't trade that, but that gave me information, right? It was like, I mean, that first setup. I didn't trade it cause it was a long setup. I didn't go short off of it, but it was like, wait a minute. Why did that melt, melt right down through that zone? And then it told me why. And then this is what it looked like on the CBD, right? So this was this. So the setup was right about, it looks like right here. That was the juke right through it. And then they just started, I mean, they're already selling it here. This was already adds up, like they were hitting beds the whole morning. This is how you use everything in conjunction, right? But it's not, it's not and all be all where, you know, every time you see a Delta divergence, right? So you could have been like, this isn't a good example, but just trust me when I tell you, you see Delta divergence all the time and you'll see something like this. It doesn't mean you just jump in every time you see a divergence. This thing could keep going, going, going. But when you'd have volume events and those types of things, then you know it go time, right? So I wanna track a little bit there, but hopefully you guys understand what I'm talking about. All right, so my point is now I'm just waiting for this retest of the zone. So say I get the retest, I'm waiting, but it's not just the retest, I wait for the failure. That's why it didn't happen in crew yesterday, right? If this market goes like this and right through here, what are you guys gonna be ready for? Zero. Today, right to zero. Any questions, Bruce? If that doesn't happen, then I'm waiting for a new event. I'll go along in a new event. We are approaching another important prior zone. So I will be cognizant of that. So this is a very important area too, so say I did get long aggressively off of this setup that I just showed you, that 3,000 nights, I would be watching very closely to get out of some in this zone. I don't know why I don't have the values. Let me redraw this so we can get the values of the zone. No questions, Scott. I mean, I'm just kind of throwing it out there. Does everyone kind of understand what we're talking about there with the CVD and footprint and then how you cannot see? It didn't offer the transparency. So you look at it and you go, well, something's a little weird or something's a little wrong here, what's going on? And then to get that more kind of, that deeper insight. So if, let me know if you have any questions, we can go over it. But I mean, really good catch on that, Scott. Thanks. Of course, everything I do is perfect. All right, so you can see here, this zone is 4203 up to 29, it's a large zone, doesn't matter. It's like, this is kind of like using your static stops. Like, I wish the zone was more narrow, right? But this is what it is. What is this? Well, this first of all was a gap down day, that's directional conviction, came back, what did it do again? Small selling tail, huge directional conviction that ended up leading ultimately to this huge down move. This is a very, very important zone. This is basically, this is a regular trading hours chart, so it's not showing you over and I trade for a reason, so I can see gaps and everything. But this is one straight move into the zone. If I was long into this, I may well be, if it comes back, retest fails. But if I was long, I'd definitely be looking to get out of most of them here. And I can tell you, as on this webinar, we get up here and I get a short set up, I'm shorting aggressively. Because what an important zone. So remember we talked about at the beginning of the webinar, you gotta decide whether you're gonna wait for retest failure or you're gonna wait for you to get in immediately.  I named my stuff funny, funny names to remember myself and to remember them. We may get the Dada and we already have part of it, right? So let's just get ready.  You need to know all of this stuff. So you're not like scrambling to say, oh wait, where are we? I gotta figure, there's a stopper right there. This is Dada set up. You should already know all this before the markets. And then when it gets up there, you'll already know, so here's the Dada. What is Dada? Dumb and Dumber, aggressive opposite Delta, right? I need to see for this playbook to fire off for me to trade this playbook. And this playbook is an aggressive entry. So if I see the volume set up, I already know if I get my parameters, which is a diverging Delta, we'll go over this here in a second, that I'm gonna be in the minute it breaks an ATR and 10% out of the zone, I'm in. So I'm already waiting for this. And that alone is about to happen because I'm almost positive we're gonna get some stopper in here, right? So what are the components here? I need to see, we have to be extreme standard deviation from VWAP, right? So this is VWAP, this is one standard deviation. This is called, they call it daily value area DVA. This is one and a half. This is two. If this moves up a little more, this will be like two and a half or more. Looking for a stop run. This is diverging Delta. You see how the Delta's not moving. Does it mean I'm just shorting right now blindly? No, I'm waiting for a setup, but I know this is happening, right? And all my pieces would be in place for the dead-ass setup, right? So I just sit here and wait. And then, so the lugs, important zones, these are not part of this setup. But when I get that, that is confluence. And that would turn into an A plus trade where I can trade bigger size, right? We never wanna be risking more than 2% on a trade or 6% on a day, I should say. But you can trade more than the normal 2%, I tell you guys this all the time when I was trading with SMB to trade stocks back when I got back in the game in 2017, they ground their traders if they get an A plus setup and they don't trade bigger size. So my point is, you're not risking your overall size for the day, or your risk for the day. The most you should be risking is 5% to 6%, right? But if you get a setup, like if I get a stop run into that zone, I know how important that zone is, then my dad-dad playbook fires off, I'm trading at least 4% so I could trade double size, you know what I'm saying? But I've gotta know, hey, if this ends up being a loser, which it could be because trading is a percentage game, right? Then I only have one bolt left in the chamber or I'm gonna hit my limit for the day and I'm done. You've got to be able to accept that and set it up with your broker. So if you hit a certain amount, you're done for the day, but it doesn't mean you can't fire on a trade that everything is lined up and it's like it's go time. That's what you want. You don't get them very often. And when you get that look where everything is in line, you need to fire, right? So I already know all this and I'm just waiting. I'd be willing to bet, I usually bet on the liquidity, but I willing to bet this goes a little bit above here, you're gonna see a monster stop run. It's probably gonna be like 1200, especially. All these guys that sold down here in the Mr. Unicorn setup, they're gonna be puking, they're holding their breath right now and you're gonna see some major puking here probably any second. So let's just go ahead and enjoy that while the water boarding fires off. But now I'm ready. I'm ready for the stop run. I'll draw the zone and then when it moves back out of there, I'm shorting it. I'm really mad that I didn't get a retest of the zone, but it is what it is. I wasn't willing to go along there aggressively from years on cue, speaking of which, important zones. Hey, look where we're at. Hey, look at that. That is a straight, it says only 800 point move straight into the zone. Yeah, I'll be shorting that.  And it feels scary, right?  I don't wanna short this thing. Those are the best trades. The trades that feel the worst are usually the best. So we already got, this is gonna happen any minute and I don't like this liquidity up here is the only problem, but again, that doesn't stop me from taking the trade. Doesn't mean we're going there right now. I am cognizant of it. So this was, let me get this CBD off here real quick. That's not CBD, what is this? Oh, this is the new indicator. So that started here. Swipe started right about there. That's the spike, 250, that's 150. So this is already failing. So I better hurry up here. 32 down to 20, 26, 75. We come on here, put our values in. I don't even know if it handles anymore. It's gone up so much. What did I say?  And actually it was higher than that anyway. So yeah, that's what we're gonna draw these owns. My wish list, if I've ever mentioned that one. That was a little jab at Bruce. 12, 8, 832, 25. How are the birds? See, I get this, I know they're working on it. And they're still working on it, right Bruce? That didn't get put on the back, back, double back burner, the zone drying tool. Yeah, I kind of explained that to you a little bit. It's a core issue. It's a lot more harder to take it to. It really is, it means a whole new different version of book map has to be made. So anyway. Well, I got a developer working on it. So if he figures it out and your guys don't, then they're all fired. Yeah, I mean, well, you could do it. Well, I actually, maybe you could do it as a separate add-on and using the API. That's the direction we're going with the architecture just so anyone has any questions. So. You're on them by hand and whining. Hey, I'm not trying to make an excuse. I'm just saying like, it's because it's a core issue, it all of a sudden it's something different. Bartos is asking, what do you guys think about Groundhog Day? Do you want to incorporate that into your daily bias? Well, we have indicators all the time. So we have the dog bark indicator. When a dog's barking outside my window, you have the garbage truck. So funny is there was a guy in the room the other day, a newer trader and I have all these funny names, right?   And it was a joke. And he really thought it was a setup. He's like, what am I missing?  So I may actually name one the garbage truck. All right, so here we go. You see here, this is Dada. Dumb and Dumber, again, this is this, this is this exact plate one, right? There's the Dumb and Dumber I just drew. We'll make sure the footprint's here, but I have, oh, we want to make sure it's Algo guy, extreme standard deviation. I'll get an Algo guy too, but I'm sure this is, it's extended. So this is good. And you can see here's Ed Zell and John. It's in the zone, that's just extra. I don't have to have that. That makes this an A plus trade. So let's see by the time I come back here. All right, so what is my aggressive entry? So this is, this is what I'm entering the zone out of the zone aggressively. What's that price? 94.75, I could put on 1.29. This is an A plus setup. We'll go over it again. Why? I'm going to put on double. So 2.5, basically 2.6, I'm going to put on three. I'm risking, you know, 3,600 bucks on this one trade. If I lose this, I basically have one more bullet left to late my limit for the day. All right, so 94.75, I'm going to put on, oh, I can't put it on here. Sorry, we're not going to do that anymore, my bad. All right, so guys, it doesn't matter.  I personally, on my other accounts, I am going short. You saw the price, 94.75. If I get filled on that, my stop's going to be a full ATR and 10% above there. All these prices are there, right? 64 quarter, I'm risking. Not a trade recommendation. This is what I'm doing. You can do whatever you want. You can fade me. The way I've been trading, the way I've been melting down lately, it'd probably be a good idea to fade me right now. It's kidding, but guys, I'm human. I understand it's a percentage game. It doesn't make it feel any better. Trust me, you should hear me in my trade room lately.  It's like I go down those rabbit holes and I'm much better at it than I used to be. You literally break stuff nonstop, like a two-year-old. But it still doesn't mean it doesn't affect me. I'm fully aware of the game. I'm fully aware this is a percentage game, right? I showed you and I don't know what I did with it, right? I'm well aware of this. This is tattooed on my forehead as well. It doesn't make me not human, right? It makes me, I still get pissed. I still, I'm competitive.  I know there's a chance, I play in tournaments all the time. I know there's a chance that I'm gonna get beaten down. Do I leave there? I'm like, oh, well, gosh, gee, will occurs, that's okay. I'll get him next time. No, I'm pissed, I get pissed off with that just like I do this, right? It's like, I understand this is part of the game just like I understand it and go out and fire at 90 out of nowhere, right? I don't have to be happy about it, but I accept it, right? So that was a little bit of a tangent. So the point is I was saying, if you wanna fade me, because I have been not trading well lately, I've been making a ton of mistakes. Things have been kind of weird in this just trading, right?  But I do understand, again, you guys should have already had this screen shot and then tattooed to your head while we've been on this webinar. But I need to understand, and this is the exercise, this is how we even came up with the ATR trade that we're doing in my room, the purpose is to convince yourself that trading is just a simple game of probabilities. It's a probability that means you're gonna have losers. At the micro level, the outcomes are individual edges, are independent occurrences. The macro level, the outcomes over a series of trades will produce consistent results. I know I have the edge. I know there's gonna be losers. I don't handle losers well, but I know there's gonna be losers, right? You just have to be honest with yourself on if you are a mental midger or not and I have been mental midger lately and I try to get better at it and that's exactly why today, for instance, I meditated. I should be doing it every day because I just know, you know, especially if I go day after day after day after day, getting my head kicked in, like it feels like the world's ending and this is from a seasoned trader.  So just know it happens. You know, it happens to the best of us. I've been doing this a long time but I'm still a mental midger at times. You gotta catch yourself, so on and so forth. So that's a long rant. I'm still, I was hoping there was a Dada set up in here that kind of sucks, but there's nothing in here. So I'll still take that if that happens. But right now I just put the trade in on my other account. Actually I'm putting it in this other account. So I have multiple Apex accounts that I'm trading this exact. So this exact set up I'm trading. We'll go over Apex here in a second. I highly recommend it for you guys. Let me put in this one. I already missed it, of course. Missed the fill on that, so short there. All right, so I am, this is my trade. Again, if you wanna fade me, go for it. Go for it. All right, so I got short at 94.75. This is my Dada set up. Stop, Brooke. Diverging Delta. We'll look at that here in a second. I'm short. Not a trade recommendation. Sorry, Scott. I just said I did it. I told people to fade me if they dare, right? I'm not recommending you do anything. I'm recommending you learn why I did it. You're even challenging the, fade me.  I dare you. Well, that's what I'm doing when I put on a trade. I'm daring the, I'm daring the opposing traders to fade me. That's what you're doing when you put on a trade. It's a zero-sum game. So there's a new set up here and there's bias here in, yeah, so this is getting interesting here too, right? I'm not trading this aggressively either. I'm gonna wait, just like I was waiting for this one. I'll wait for this one, we'll draw this. I will tell you, if this, we draw this zone and this fails, it turns into a broken ice and this gets through here. I'm gonna get zero, going to zero today. That's not a trader recommendation, we're going to zero. Don't sell it and hold it and say, Scott told me we're going to zero. I'm being sarcastic. I'd like it to go to zero, because I hate when this thing goes up and everything's seemingly okay with the world when it's not, but anyway, just be ready for like that crude trade I showed you, something's up, watch out below. Right now though, I won't go long.  Now I will continue to be tortured. So anyway, I'm gonna be an ATR in 10%. This is my short that I personally took. I am out at 64 quarter. So that is an ATR plus 10%. Let's just make sure this is current. Yeah, it's 29.53, it's same. I'm out at 64 three quarters. Let me put that in here because I won't forget and then I'll look up and we're 300 points higher. 64 is an issue of doing it on these other ones. You guys got to sit here and wait. All right, so let's draw this setup. I'm obviously hoping this turns into broken ice because I'm already short NASDAQ and I'll short this too.  So I want something to end up on it. I have little positions on it at least. When I was at my trading firm, one of my friends, every time we would get along, yes, he would blast the Jefferson's, moving on to remember the Jefferson's. He would literally blast it throughout the entire trading firm as hysterical. So if I have multiple positions on long, then I sometimes I'll play the Jefferson song in my trade room, but I may be playing highway to hell before we get off here, which would be fun. All right, guys, you got to laugh in this game.  So you got to laugh. So this zone was obviously not drawn correctly, right? So this was a spike. I got to bring this down. So I took off my bubbles so I can see, it's easier to see. It's hard to see that. I used to draw them to the bubbles. That didn't, that was not accurate. So your zone is a tight 87.75, 85.75. Now we go to the handy-dandy spreadsheet. You put those values in to help us determine where we're going to, where I'm going to not giving trade recommendations, where I'm going to either short it or go long. 41, 87, 75. My short-term memory is literally just, well, I can't remember that, both two numbers. ATR down to 6.64. See, this is adapting to the volatility. It's not, I'm putting it on a two-point stop and no matter what, these are my prices, right? So this market is able to push. So this is the other strategy, but this just tells me if it's exactly an ATR. So if this gets up to 94.50, that setup is bullish. If this gets down to 41.79, that setup is bearish. That's how I determine if we've already gone over, if the market is able to push away an ATR from these zones, it's fighting the algos. It's telling me, first of all, it's telling me something, but then if it goes retest failure and then I get in 110% of an ATR, that's just again, from travel and error, from trading thousands of days. So I have no idea. If you love this area and you want to go long, then you would get in at not recommending you go long at this price, especially aggressively, that's the price that I would go long if I was getting aggressive. I'm not going aggressive. I will go long if it touches this price. Comes back, retest the zone, comes back out, I'll go long at that price. So now I wait. The torture ring in Mr. Nasdik, pardon my language, but that's what I call it sometimes.  I've never pitched about this before. I've never seen it where Fed guys just talk, not stop all day long. It's like it just has a complete, they can be in the best trade ever. They say one word, these agos pick it up and then the market rips the other way. It's very, very annoying. But like I said, that's what markets are. They're not this static thing. You've got to accept, Putin's going to come out and say something, something like that, like today, right? You're out of that trade, on to the next one, on to the next one. If you have an edge, you won't make money over the long term. Did I show the trading in the zone document today? Did I show that? Show this? Oh yeah, I did, about five times already, right? You have an edge that generally puts the odds of success in your favor. I would say real-time buy, I'm knowing we're 3,000 buy, I saw and so forth is putting the odds in your favor. You can think about trading in the appropriate manner. The five fundamental truths. What are the five fundamental truths? Anything can happen, like Putin talking, like the Fed clown saying something. You don't even know what's going to happen next in order to make money. I have no idea what's going to happen here on this short. I have my rules, I put my stop in, let it work, right? There is a random distribution between wins and losses for any kind of set of variables that define an edge. Wins and losses, just nothing more than an indication of a higher probability. Guys, please tattoo this on something. Indication of higher probability, it's 100%, this is going to happen. Never, nothing is 100% ever in a million years. Never has been, never will be, of one thing happening. You've got to set up and crude, of one thing happening over another, every moment in the market is unique. So I'm drawing these zones, I know how they usually trade, it's still a unique moment, anything can happen. I know how they usually trade and that's what I'm taking advantage of. That's the edge. So take that edge and incorporate it however you want to in your trading. So this was, remember I got in aggressively, so this is looking like it's going to do a retest and then this is what the reversion trade is that we're doing in my room, it's playing retests of the zone. I wish this would have just died but this doesn't surprise me. It doesn't surprise me if it does this. As long as it doesn't get up to my stop price, I sit in the trade and or an opposing set of another setup comes in, then I can trail my stop and or get out and go long. But now I just wait. Now I get waterboarded, this is exactly what I call waterboarding. Now I get to watch, again it's not on here, it's not up in the trades, I get to watch the trade go against me and I get to listen to it and there's your retest over and over and over. The same thing, probability. All right, so we just heard crude. This was from earlier, and the shocking bounced off of that prior zone, not 221 by eyes, take my bubbles down.  So expand your chart.   So I know that came up to there, right? Actually take that back, that was probably a little, actually came all the way up to here, right? See that spike, this wasn't threshold, but this was a continuation of it. So I will incorporate that. So that started here, but the price popped up to here. So I've got to move that zone. At that, make it pretty blue for buy ice, try to match the colors on the sub chart and that came down to here, 96 to 13. Looks like maybe, yes, that's correct. All right, so 76, 13 and 96. So we go to crew. Again, don't email me asking for the spreadsheet. This is proprietary in my trade room. It's very, very helpful. You could do it in your head, but this just, I did it by hand for years on these webinars, right? And this is just makes my life so much easier, right? You just put stuff in and it's just like there's the prices. You put it in and you let the trade work. 9.4 right now, about on the 96 position trade side. Let's see where we're at first and foremost, right? To determine if I want to be ultra aggressive out of the zone or if I want to wait for the conservative retest failure. So you can see, look what this market's holding. I could be aggressive here on the buy side. Not a coincidence, it's poked a little bit below and then we put in a buying tail. Now it's moving back out. This is basically pretty big move down. I'm perfectly fine with going long aggressively here. As long as we're not into a major lug, lug wig level. Just don't like saying lug wig levels 85 times in a webinar. That's why we call them the lugs. She even likes the name. She's in my trade room too. So she always chimes in and lets us know when symbols are rolling to the new lugs, so on and so forth. All right, so where are we at here? Now we're really special on lugs. We're just all the directional. So you can come up with theses based on how it's reacting to the yellow. So on and so forth, watch the webinar I did with her. It's been posted in this room many times. It's a very straightforward webinar. I did with her probably almost two years ago now. But I think it's a very good webinar because it's very basic and it helps you understand how she trades and which is pretty important because it's considering it's her indicator. Big picture stuff. Let's see here. And this is today's trade. I haven't really gone over market profile yet. So you can see, remember we were talking about, what did I say my important areas are that I would like this to say if I was short into that area or I get out number five. Market profile composite, highs, lows, points of control. What does this market bounce off of? The point of control. What's the point of control? It's just the price in the value area. Value area is 70% of the trade. The exact price where the most trade occurred in that value area. Well, look at that. Pretty much exactly into the tech, right? So if I was short, I'd be like, I'd see it accepted in here. I'd be like, yeah, go time and I'd watch closely at the point of control. I'm just giving you examples. I wasn't short to this, but I'm just saying. Now this is giving me information as well. When a market accepts into a market profile composite, it is a very, very, very high percentage it gets to the other side, right? I can show you example after example after example. If it does not get to the other side and it gets back out, that's telling you something as well. And that's what this market looks like it's trying to do. So I know that. I know that it hasn't happened yet. And it's already tried a couple of times to get out of here and hasn't happened. So this is, again, so this is another example. If you're not using volume, if you're not using the SI indicator and book map, how are you trading this?  Oh, stopped out. I'm going to get long and broke out again. I don't know, stopped out. Okay, I'm going to get short because we're inside this. No, you're stopped out, right? I didn't do anything. I was waiting for a volume set up. Now I got it. So now how this market reacts to this is going to get some water boring going on. Awesome. Back to this in a second. This is just being its usual self, NASDAQ self. All right, so just trying to get some different insight and information, right? I come up with ideas and you should be looking at this pre-market every day. Hey, where are we at? Like yesterday, you should have known. I should have known. I actually did. Didn't remember. Bounced right off of there. It's telling a guy inside there, but it's also telling why is it not doing that yet? If this gets back out once in a while, then we're probably going to retrace some of this move down yesterday. But you can see this is what I'm talking about. If you can find areas that doesn't need to be my areas, these are very important. You should learn these areas.  That's the ultimate edge. You catch an 80, 100 tick move into the close, right? It's finding important areas and then adding your SI events. So back to this. Knowing all that, I'm going to go long aggressively. If, if, you can see, did I go long? No. Well, what's this doing? This is actually looking bearish now. Let me get rid of this, knowing me. This is from pre-market. This is before Putin. I was trading off of that and then Putin screwed me.  Not going to get political, but anyway, let's see what that price was or what the price is to make that a bearish setup. It was 75, 67. Did we get down to 75, 67? Yes, we did. So now what is this? I was ready to go bold. I was ready to go long aggressively, right? Did I go long? No. I never got the ATR out of there. Now what is this? A bearish setup. What else is that in line with? Yes, we're still in that zone. So you could either say we're in the zone. I want to wait until we get below the zone or you say, hey, guess what? Like I just talked about the different ideas here. When you get inside a market profile composite, the tendency is to get to the other side. This has tried now twice to get out of here. Did not happen. Now we're back inside. Now you have a bearish event. That's the play. Scott. I'm not going to go aggressive short this because of the, are you just saying something, Bruce? Yeah, when you're finished, I have a point I just wanted to cover. So because we're in that zone, I'm not, you know, if we weren't in the zone, I'd be aggressive.  If we weren't in this zone, this support zone, I would short it aggressive. So say we're just below it, I would short that aggressively. And we're not, I'll still short it, but I need to see my conservative entry. We just talked about this entire webinar and this is what's happening. And this is one of the trades we take in the room and it's happening before we vary eyes. This is the reversion trade. Back to the zone. So if this goes here, here, here, then I'm sure. I am huge, 384 contracts. So I'm still in this trade. There's a new volume set up. I mean, this doesn't really help me much. As far as trailing my stuff, I'd have to actually move it up. I'm just gonna, and guys, this doesn't surprise me at all because what did I say? What was I afraid of? Just like the earlier short in the S because these guys manipulators have to get filled first. I say it every, I know it's manipulated because I used to manipulate it. It's not me like saying the markets against me. You have to accept markets are manipulated.   If you know this stuff's going on, then you say, guess what? I'm not getting short until that's filled. Something like that. But you've got to just accept that's what's going on in here. If you had big enough size, you can manipulate it too. Again, that's all I did all day long. Back then spoofing was legal. So I could put in, I played the games by hand. What's spoofing? This is why there's nothing in the order book nowadays, but because guys got- Scott, show Crude for a spoof. There is a really good example. I can't believe we retested this on by the way. So look at the bottom, that recent low. Yeah, that's just indicative of a spoof. Look at this. Wait, wait, wait, wait. But I thought spoofing was illegal. I'm doing air closing it. This is exactly what happened right here. This market was coming down. Yeah, let's throw some size in and scare them. You can't see it now in the order book. And then it ran away. Oh, let's go ahead and pull it. That's a spoof right there. This is illegal. You got to prove, you've got to prove they did. A spoof is when you put an order in and you don't have the intention of getting filled. You're putting it in, size in the order book to scare the market away or the algos away, right? And the algos, this is what algos do. They see size and they run away. So this is exactly, I didn't see that catch bruise. This looks exactly like a spoof. These guys did not want to get filled. If they wanted to get filled, then why didn't they move it up and fill? They just pulled it. Once the market ran away, I'm like, okay, yeah, we got it. They ran away. So anyway, this is what I used to do all day long every day manipulate the market. It was completely legal to have that. Now it's not.  And if this fails, now I'm going to go to short, go short. Not afraid of Mr. Spoofer over there. That price, not a trade recommendation. This is what I'm doing. Again, if you want to fade me, have at it. This is the price that I will get in. I'm going to set it up on my other platform. That would be ATR retest failure. So I get, if I go short personally at that price, then my stop is going to be 76.44. I'm risking 80 ticks on the trade, doesn't matter. What I'm risking, I just adjust my size. I could put on that size, I'll round up to three and I'll stop out at that price. Well, it's that price. That's 110% of my ATR above the top of that. That stops me, prevents me from getting, it's my drawer, dims my screen. I have no idea why. That stops me from getting, oh my gosh. I'll go in areas that are meaningless, nothing's going on. If this mark is able to push all the way outside, 110% of my ATR, then I know I'm wrong, on to the next trade. It's just that over and over and over and over. All right, that's a lot of talking for us. Any questions? Actually, over the time, I didn't realize what time it was. Yeah, yeah, no. We're all caught up on questions. Everything looks pretty good here. So, yeah, yeah, we can wrap it up, Scott. All right, let me just see if this is a bullish setup in ES. This would be a good hedge for my short too, because I can be long ES and sure I don't like those trades, but it doesn't matter what I like. It's just I'm following my rules, right? Let's just make sure this ATR is spot on. Yeah, 6.64, exactly. So the long price has had to get up to 94.50 to make this a bullish setup. Hey, look at, wow, I can't believe it got exactly there and has pulled me back to the zone. I've never seen this, has anyone in my room seen this routine before? Guys, it's uncanny, it really is uncanny. This is why I built a trade for this exact thing. Still a trade in progress, but it's just, it's just silly. Anyway, this is a bullish setup, that's ATR, here's your retest. Failure, I will go long. What's that? I will personally, it's not, not recommending you go long. That's what I'm doing. That would be at 95. I will stop out at 78.50, if that happens. Now you want to pay, you know, I'm getting off this webinar, you want to pay attention to this area, like I said, now if this doesn't crude, like I showed you, it goes like this, this, this, and right through the zone, and this gets an ATR out of here, that's like, that's not good for this market. And then if it gets through this stuff, these guys are gonna be feeling some major, major pain. So this is one big area, big attention to it. All right, I'm losing my voice too, so. So I got, all right. Still short this, I got my stop in, it's not on here obviously, not a recommendation. I hate saying that, I sound like the time guy, I'm not saying that every five seconds, so. My trades are army, that's what I'm doing. You can fade me, you can do whatever you want. The whole idea is, you guys are learning what I'm doing, why I'm doing it, how I'm doing it, and incorporate it into your own trading. That's the goal. Yeah, exactly, exactly. All right, well, yeah, thanks Scott. Great, great stuff. And good to be back, at least for me. I know you were with Sam, and he does an excellent job in there. But we'll see you next Thursday then. Yeah, cool, appreciate it. Guys, I do this twice a day in my room. Come on by, and we're on the trade. Yeah, let me put, I forgot to do that. I'll put Scott's information in here. If you want to reach out to Scott, you can, here's the contact information in YouTube, and then also over in Discord, okay? So yeah, all right, thank you very much. Sure, thanks for having me. I'll see you guys next week. Okay, bye. Thanks, bye.


Welcome back to Basic Serials Catalogging. We are starting week four, and up until now we've kind of been talking about serials cataloging as if you were going to do original cataloging, but probably a lot of the time you are going to be doing copy cataloging where you're taking a record that somebody else created and using it in your local catalog. And so this week that's what we're going to talk about, which we're going to start first by talking about how to select the appropriate record. If you're looking in a utility like OCLC Connection or if you're downloading records from the Library of Congress, wherever you get your sources, whatever your source of records is, you need to be able to make sure that you are choosing the correct record for what you are trying to catalog. And so the issues regarding selecting the correct record that we're going to talk about this week are deciding whether or not it is the same publication. It could be a publication that has the same title, but it's actually not the serial you want to catalog, and is the record for the same physical format. Make sure you're not using the record for an online journal when you really mean to use the print one or you're not using the record for the microfilm version when you are trying to catalog a print serial. So we'll start off by talking about how to decide if the publication is in the record is the same as the publication you are working with. Things you can look for to make sure that they match are the ISSN, the International Standard Serial Number, that will be in your O22 field in a marked record. Of course, make sure the title and statement of responsibility match. The publisher is another thing to look for, the dates of publication. You could also look for an issuing body note and heading that might help you decide if you are looking at a record for the correct publication. Subject headings can help you decide. There can be publications that have the same title but are about very different topics. And sometimes the links to earlier or later publications may help you decide. This will probably be easier to understand if we're looking at an example. So here is a sample of information from the cover and the back of the cover from a serial called Coutique. Coutique could be a fairly common serial title. So we'll have to look at some other things. Notice that we have an ISSN for this. Notice that it's published in Washington, DC. And notice the date on it. We have in hand an issue from spring of 1999. So we do a search for records and this is the first one that comes up. You'll notice that the title and the 245 field down there at the bottom, that is the same. It is critique but you can't stop there. One thing to notice is the ISSN in the 022 field. This is different than the ISSN for the item that we have in hand. So that's a good sign that this is actually a different item. Another thing that corroborates that idea is looking at the dates up in the fixed field at the top of the record. It says that this publication began in 1946 and ceased in 1947. And the issue we have is from 1999. That date information is also replicated in the 264 field. This was published only in 1946 and 1947. So and the 362 field also supports that evidence. And also the subject headings, the 2650 fields, they show us that this is a serial about art, whereas the critique that we have in our hand said that it was about fiction. So that's a good sign that this is not the appropriate record to use. So we look at a second record. Again, the critique title matches in the 245 field. Let's look up at the dates in the fixed field. This one started in 1973 and is still being published. So our 1999 issue could fit in here. But again, look at the 022 field. The ISSN is not the same number as the one for our item. So that is a big red flag. Also in the 264 field, this is published in Glasgow. And ours was published in Washington, D.C. So that is another sign. This is not the correct record. Again, our date range in the 362 is OK, but also look at the subject headings. This is about socialism and about the Soviet Union. Again, not about fiction. So this is also not the appropriate record to use. So let me come into record three. You look at, again, the dates in the fixed field. This one started in 1956, and the 9999 means it's still going. So again, our 1999 issue could work. We look at the 022 field. And this is the first one we've seen that has the correct ISSN number. So that's a good sign. As with all these, critique is in the 245, that matches. Now we see in the first 264 field that this was published in Minneapolis, which didn't match what we have on hand. But then you'll see a second 264 field that says that later on, the publisher switched to Heldrick Publications in Washington, D.C., which is what is on the 1999 issue we're looking at. And then later in the record, there is a note explaining that from 1982 on, this publication was published by Heldrick Publications in Washington, D.C. So that matches. And then we look at our subject headings. 650, we have fiction, history, and criticism. And that matches with what the information on the cover says this serial is about. So this is the appropriate record to use for copy cataloging. So once you determine that you have the correct publication, the next thing to look for is whether or not this record is for the same physical format that you have. Things to look at include the form code in the fixed field. We'll look at some examples of that. The content media and carrier type, which are fields that we looked at earlier in the class, those help you decide what type of item it is. There usually be some information in the 300 field that you can use. And especially if you're dealing with electronic items, online things, you might see an 856 field, which is where the link for the URL to access it online goes. So if it has one of those, it may not be a print item. So again, let's look at an example. We're dealing with Vanity Fair and we have the print version that we would like to catalog. So we do a search, and this is the first record we come up with. Notice at the top, the element in the fixed field called form is highlighted, and that has the code A. And if you look that up on the OCLC bibliographic formats and standards website, you will see that code A stands for microform. So that's a giveaway that this is not a print item. Down in the body of the record, you'll see that there is an 007 field. And we didn't talk about that in detail because we're mostly working with print resources in this class. But an 007 usually is a giveaway that this is not a print item. And then you'll see in the second half of the record, it has the 336, 337, and 338 fields for content, media, and carrier type. And these tell us that it is a microfilm cartridge. And this is corroborated by the 533 field that tells you that this is a microfilm item. So it's not the correct record that we should use. On the other hand, we find a second record, and up in the fixed field, the form element is blank, which if you look it up, OCLC's bibliographic formats and standards, that means this is a print item. And then we'll also see the 336, 337, and 338 fields that tell us that this is a text item that you can hold in your hand in volumes. So this is the correct record to use. So deciding whether you are looking at the same publication and whether you're looking at the right physical format are the things to look at when you're choosing a record for copy cataloging.