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Futures

October 1, 2024

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Scott Pulcini’s Stop&Iceberg Setups

A collection of Scott’s Tweets on specific setups using Bookmap’s Stop&Iceberg Tracker

See how Scott integrates higher timeframe heatmap trading and intraday trading strategies with alerts of significant Native Iceberg and Stops transactions. This order flow trading strategy allows Scott to monitor up to 20 different futures markets and quickly enter positions based on his proprietary trading setups. If you are interested in contacting Scott, you can find him on Bookmap’s Educators Directory.

When the Stop-Iceberg Tracker identities an iceberg or cluster of icebergs that fail to hold prices, that zone can become an important support or resistance level even coming into the following day’s trading session.

 

Scott gains confidence in a setup in gold when he sees multiple buy icebergs in a row at the top of a multi-month balance area.

 

As a pro trader, Scott Pulcini knows that discipline is key. Waiting for his setups to materialize and be confirmed by the Stop-Iceberg Tracker is his edge. You can sometimes catch Scott showing how it’s done in Bookmap’s live trading webinars.

 

The massive stop run of -715 contracts identified by the Stop-Iceberg Tracker at a multi-week balance area gets Scott excited to short a potential free fall once the bottom falls out.

 

As prices on the ES come back to test a monster sell iceberg zone, Scott looks for failure to signal for him to get short and target the next big layer of bids on the heatmap.

 

Scott awaits a possible retest of an area where a buy stop run turned into a buy iceberg that failed. Weakness in that area would be his signal to get short.

 

Here Scott notes how the first two stop runs identified by the Stop-Iceberg Tracker were shorting signals, but the latest three runs result in prices holding and moving higher.

 

Scott Pulcini goes long gold after his other chart tools correlate with two buy icebergs, as indicated by Bookmap’s Stop-Iceberg Tracker.

 

Scott uses the Stop-Iceberg Tracker as confirmation at a confluence of a balance area and failed breakout.

 

Five buy icebergs in a row which propelled the ES 30 points higher are met by a huge sell iceberg at the close.

 

The Stop-Iceberg Tracker showed massive sell icebergs on the E-Mini appear as the market opened. Scott combines that information with overall weakness as visible in the trade bubbles to look for a breakdown in the same area as a big stop run the day prior.

 

A cluster of buy icebergs keep prices elevated for some time, but Scott Pulcini thinks that if the area break then the E-Mini is set to retest and break the level of previous stop run higher.

 

A nice confluence of buy stops being absorbed by icebergs in Crude Oil is noted by Scott. The rally is halted and prices drop off.

 

Another example of Scott Pulcini’s “Broken Ice” setup. The tracker showed large icebergs that absorbed the buyers, and then the market dropped off into a level of sell absorption.

 

As prices in wheat futures drop off, very large market buys are absorbed by icebergs as seen on the Stop-Iceberg Tracker, giving Scott a signal to add to shorts.

 

Scott Pulcini waits for a retest of the 11545-1175 area after a signal given off by the Stop-Iceberg Tracker for his “Broken Ice” setup: iceberg orders that fail to hold prices.

 

When crude broke out of a weak-long balance area with a stop run that even the icebergs couldn’t hold, Scott was aiming for an upward move of at least $2 per barrel or more.

 

Bookmap’s heatmap shows where the large bids are, but the additional Stop-Iceberg Tracker identify where trades are absorbed by large sell icebergs, as Scott points out in this chart.

 

Here’s a great example of the kind of vertical move that amateur traders often try to short. Notice the two stop runs and then continuation of the move up and to the right.

 

Scott has studied the confluence of significant Stops and Iceberg transactions within the order flow and has developed several trade setups. Here he presents his “Titanic” setup.

 

Scott uses a higher time frame analysis together with alerts for significant Stops and Native Iceberg transactions within Bookmap. Then he drills down into the order flow in Bookmap to look for one of his proprietary setups.

 

Here Scott is looking for for a break below significant Native Iceberg transactions and continuation of the move lower. New sellers are jumping in and moving price away from that previous area. Look for high liquidity on the bid and significant stop order transactions as a potential target.

 

A massive stop run with more selling below the area leads to a larger downside move. Understanding the order types like stops and iceberg transactions within the order flow can offer insights to excellent moves.

 

Another example of Native Buy Iceberg transactions and price acceptance below the transactions. Lookin for high liquidity on the bid to test. Scott typically waits for aggressive buyers to begin entering before he exits his trade position.

 

An example of how professional traders like Scott go through various scenarios to fulfill one of his trading setups. Once the trade criteria is met, he will quickly execute.

 

Another setup of Native Buy Iceberg transactions, but price selling through the level. A beautiful pullback right to the level. Then look for the price to begin dropping again for continuation to the downside.

 

Notice the process here. First there’s insight and analysis at higher timeframe levels. Then Scott is looking for a significant event to occur at this level, which significant Native Iceberg or Stops transactions. Next, he drills down into the order flow and looks for one of his setups to unfold before he enters.

 

A significant Stop Run unfolds at an important higher timeframe (overnight) level. Look for confirmation of your setup at this point to justify an entry.

 

A “Broken Ice” setup – price drop below significant Native Buy Iceberg transactions on heavy sell volume. This setup confirms a higher timeframe level setup.

 

Another “Broken Ice” setup – price rises above significant Native sell Iceberg transactions. This setup confirms a higher timeframe level setup. The setup coincides with higher timeframe analysis. Look for a move back to and potentially through the heavy liquidity at 1900 on Gold.

 

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