 All right, we're gonna roll without a camera today. So welcome guys Got a new month here. Things are pretty exciting Markets are on the moon Crypto's coming back We'll see if we can sustain this thing Into the new year looks like kind of a rerun of what kind of teed up last year and I'm gonna go into our analytics And the live market We're gonna kind of rip through this here today before I get into it Just want to go through a disclosure of futures crypto works trading to date substantial risk It's not for every investor investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle And only risk capital should be used for trading and only those with sufficient risk capital should consider trading Past performance is not necessarily indicative of future results. So it's You know, this is something that Regulatory thing I need to go over but it's also a super truth and You really can't trade effectively if you're if you don't have the risk capital to do so Otherwise just trade super small trading those, you know or trading competitions Those are good just because you put some skin in the game You got something at risk and lose that monthly subscription. But otherwise, you know, you want to use risk capital And that way you'll you'll have a clear head and make better decisions. I lose you guys on my Testing here. Nope. I'm an issue. It's sound here. Hold on one second Testing my back. Hear me now testing testing and this technology is killing me. I've lost you guys Are you lost me? testing testing Let me know if we're back I think I was just messing with my camera too much. I messed things up All right, well, thanks for your patience Drive through this one. Let you know that if any questions feel free to contact us at info at Dharma capital dot trade I'm boasting on YouTube on Twitter as well at Dharma capital trading and we are also doing a weekly Substack on Bitcoin. So at the start of the week you can Get a whole outline for the week and I'm on the bookmap discord channel so I'm John Slazas from Dharma capital trading been involved in the markets for over 35 years and been providing analytics to Professional and aspiring traders for the same amount of time, you know, basically we're known for having quality objective Insights and analytics and that's what we're going to get into today and everything that we do is fact-based trading and You know, what is that? You know, we're you know, basically, you know when we're making trading decisions based on objective data Analysis and reducing speculation and subjective biases, you know I see a lot of stuff, you know, that's being presented out there is you know, just if you know What ifs and kind of conjecture, you know And when you look at the market and all the different tools that you have you need a statistical baseline You need some kind of truth to work off of and that that's what we're here to provide And that's what we do and that's what I'm going to show you how it works What's more likely to occur? That's what we're that's we're providing and how do we do that? You know with our the fact-based trading tools. What are our resources? Well, our analytics are going to help to standardize your decision-making process. So we come and get involved, you know You know, what's happening in the market? We could standardize our decisions at the moment the you know integrations with the applications like book map you're able to normalize that into your workflow and Under the you know, we work with you and your trading we've got some trader development programs You know, we can help you optimize your tactics But the the method that we do with fact-based trend it's it's always the same thing, you know That's the beauty of it, you know, you you simplify the process trading shouldn't be complicated, you know It and you want to you know zero things down to if then you know if this happens then I do this You know and so We're always doing the same thing. We're understanding the context, you know, what's the environment? What's the state? What are those characteristics of the state is the market performing the expectation or it's not? You know in the markets always telling you what it wants to do It's always giving you tells you know when it wants to if it's performing to the expectation of a state You know positive trend we've been in Bitcoin and the crypto ether, which is what I'm following primarily You know, they've been in a bull trend, you know, and then to defend then it depends on okay. Well Is it performing to that expectation? It's not, you know, and where is it or is it? You know, where's the alignment and so the alignment's gonna help tell us, you know Where we want to get involved where the market's going to make a decision that it wants to do something or not do something And so then we you know, and that gives us our expectation of our if that and so that that's and you know The results of this is it's going to you know Improve your confidence your consistency Your self-awareness and it's going to reduce stress and elevate your performance and so This is our playbook application. I'm going to kind of dive into this now You know, but before I do I wanted to just touch base on You know What the re you know, what's the real problem out there? You know, most traders fail on trading, you know and and The issue with that is you know, it's the simplicity of the buy low sell high proposition You know because this creates the illusion that trading is easy And it's supported by subjective technical analysis tools, which clearly explain in hindsight how to achieve trading access You know always being able to look back at the end of the day and see yeah, I should have done this You know the consequences, you know traders get Disillusioned, you know, they're consistently constantly searching for new ideas You know and their performance suffers because they they can't they don't have that of a foundation They don't have a solid foundation to build something on because they can't benchmark it, you know And so you know your trade flow it gets inconsistent. It's not sustainable and either you know the the subjective and complexities create You know trading paralysis or you're just blowing up your account You know the seem to leave in the black swan, you know Everything makes sense in hindsight the illusion that we understand the past fosters over confidence in our ability to predict The future and this is so true You know, you can't beat yourself up over, you know when you're focused on looking back in hindsight You know, so the solution to this the solution to improving your success and trading is to have this statistical baseline You know having a statistical outside view and it gives you this fact-based benchmark, you know So if you have that benchmark you can always go back then and say okay Well, it's been in this situation before and what did it do? What did I do? Was that successful and you can mark that and that's huge You know, so this is giving you a reality check to the probabilities of what's more likely to occur, you know And this is based on quantitative results, you know independent of any subjective bias And the result for traders who have a statistical baseline, you know, they're focusing on the facts and market truths You know, it's less thinking Fearing hoping trying and it's more knowing Self-trust confidence doing and the result is more effective consistently applied sustainable approach You know, and this is really how you get in the flow and And that's what our analytics do, you know provide you with that statistical baseline and so You know, we break it down with state structure and strategy so Before we get into the charts in the moment, you just want to you really go through The simplicity of this, you know when you you come into a market and you know, I'm gonna let me take this structure off here You know the absolute is, you know, here's a study that I have on here This is just showing the previous days high previous days low previous days close previous days midpoint, you know And obviously the markets had this huge, you know, huge advance earlier in the session So, you know, we're coming to the market right now. What do we do, you know? Is it gonna correct down to here? Is it gonna extend up to here? You know, what's more likely to occur, you know, that that's that's what it comes down to You know, we can we can take a look into the order book and we can start to, you know, get some ideas of what's happening But before we do that, you know, if we have a better foundation a better vid trade vision, you know Then we then we're looking for evidence in the order flow in the charts To see is it performing to expectation and that's where the power is and that's what helps us get involved in moves like this or moves like this and And and we and we're not reacting we're doing it at the start of the session So when we come in to the day with the playbook and we you know, we're trading Bitcoin professional Perpetual and we know the market, you know, we understand it. Okay. What's the state? What's the context what we're in this positive trend context? What's it? What is that? Well market makes higher move highs higher move lows. That's a bull trend Which is a good momentum good volatility. Okay, that's our expectation Well, what if it doesn't you know, so what there's some tells that, you know, things are changing Well, you know, if there's a break in structure, you know, what's gonna happen? Well, it's more likely we're gonna see a downshift into a neutral state versus a negative transition So if we do see a pause, it's more likely to go sideways and digest And so that's just part of a bull trend, you know, and then we're coming in we wanted to find What's the structure of it? Well, you know the structure from the for a for today for Bitcoin and here's our Here's our art, you know, the daily analytics here You know, we do we do a couple things. Well, we want to define When will this trend change? What what will make a difference? And so we have you know, basically three price points that we're using One is what we call our over under number our reversal level sentiment bias And this is today. This is at our what we call our directional And that's our green line and this is basically says above this price We're positive below or negative simple as that, you know If we if we just look at one price point for the day, this is the most important price point And so at the start of the session just identified that okay Well, if we're below 37 744 this market is vulnerable to a break and if we're above that price point this market Is has an opportunity to rally and and where and what does that look like in the context of this of the state? Well, we're we're right in the middle of what we call our critical range And the critical range is defining You know the top peak of the bull trend where we'd get a new extension higher or the bottom trough of the bull trend Where we get see a break in structure So we know that you know basically below 37,200 this is going to break the structure of the bull trend the blue the blue box You know we get above the the red line the upside pivot That's going to say we've broken out of this so this this this market structure Defines the alignment of the market-state and Then we were so we're viewing price action or price structure within market structure To give us that context and awareness of what what's more likely to occur So when we're here and the market breaks out above the directional This is a this is a positive signal And so in the playbook, it's you know, it's just you're playing sport, you know, it's you know We're in football in the States, you know What down is it, you know, what time of the day is it right, you know, what's you know, what's what's happening? What would we what are the best place for our situation, you know, since we're in a positive state and Our you know, structurally we're balanced within that positive state Well, here's our place for the for the day. Here's our optimal place It's not the only thing to do but these are the best things to do the best thing to do is, you know by the market off the R-level and the next best thing to do is to buy a breakout above the UP so by a breakout above here and Optimal meaning that this is our expectation that the Markets could perform to the characteristics of the market state. This is what that's what optimal means If it's in transition, that would be a hedge or now we're gonna see a corrective situation so if we're trading below The sentiment bias the markets vulnerable to a corrective trade or if we break out above The upside pivot and we can't hold it. That's gonna tell us that the market might be in a reversal situation Okay So we have this we have this underlying foundational context You know a couple other things that we want to know is okay Well, if we do break out of this critical range, where can we go? So we have targets So we have an expectation So, you know, this is this is giving us a framework to trade with it and typically in a breakout We're looking for what we call two average price map distances one two You can think of these as segments and the market likes to trade in what we call it average price map distances You know, here's a here's a two-segment move. Here's a one-segment move. Here's a one-segment move You know this we're currently in an upside pivot breakout It's a two, you know, we're at the expectation is minimally a two-segment move We're looking for the market to come up to 39297. Okay. So now we have our foundation. We know we're in an optimal theme We know the market's broken out of the upside pivot. It's already attained 1 a p.m. D. There's still some money left in this opportunity We're gonna put what I call some our validation levels in here So this is gonna give us some insight and how we could work a trade Let's blow this up a little bit and now let's go into the microstructure. Now now we're prepared now We've got a foundation now. We know it's more likely to occur You can see what's happening, you know, so this is interesting where you have all this liquidity is built up on our upper level at 39,036 You know, so this is this is where you're using the Micro, this is the macro structure foundation. This is your mandate Your mandate is the market's positive It's more likely to rally and it's more likely to rally as long as we're trading above 38,700 So as long as we're trading above here Expectation is we're gonna go here. So we've got the VWAP coming in here basically at the figure So we know that if we're able to put in get into a long positions here, you know Our risk is below 38,700 and we can also what I like to do is look for this price structure that comes into alignment with market structure So we have this little spike here So we have to you know taking that into consideration and with risk management. I always like to spread it out just like you know If you're coming in here, you're buying into this area and you're selling out of this area if you're wrong Because what the expectation here, you know when we're already, you know midway through more than midway through the session So in the markets already made a substantial move, you know, and if we wanted to I Know a lot of people are into technical analysis. We you know, we can you know, if we just take the start of this session And let's do a price projection just for fun So this is you know, this is always interesting to look for alignment. So You know, if you don't have structure and we get this swing here and let's just do another swing just for fun I'll change these colors Stands out a little bit And you can go to town on all the different things that you want to do I'm just taking this swing from the start of the session. I think it's important sessions unique Other people think different things. That's the point of the subjectivity of technical analysis is you know Everyone's got their own their own way that they like to look at it But even with you know, even just looking at this, okay, this is giving me insight to okay, where can the market go? Well, you know a hundred percent expansion of this swing comes into here around thirty nine thousand five hundred It's also, you know, a price projection off this at this impulse. So we have it either that's a hundred percent and And and that's that's that's all good information. That's my subjective Input to this. Okay. Well now, where do I get involved? Well, you know, do I want to you know, look at this pullback here? Again, you know, it's assuming we're coming into the market right now. What do we want to do? What makes sense? You know, so we've got you know, a hundred percent of this swing if we're going to have a Symmetrical swing that's going to come in around thirty eight four hundred and we've got something here at Thirty eight thousand six hundred. So it gives us that insight. Well, how does that all look within the market structure? Well, you know, here's sentiment bias below the market that was you know, that was you know, pre all this stuff You know, we know we've got our our critical range And that's interesting because you know, the if we did get a swing back down here It's going to come back up off here. Okay, that makes sense because that's going to be you know a strong area and Then we just start to you know, this is also interesting where we have the 618 swing is coming in at the UT2 So we have the alignment there and then when we put the minor levels in, you know We're getting we're seeing how all this alignment is coming into play and we've got a little you know We've got more insight But this structure doesn't change These these these subjective biases do So we know what's the behavior off this We don't always know what the behavior is going to happen with these and that's the big power of market structure It's in a statistical baseline is you know the expectation of how the market behaves off of here And so that when you're in here It gives you a better insight So at the current situation, we know the markets already attained. It's you know, it tainted its objective It's target here at the UT one and we had a curtain We pulled back and now we're in a new trade where it's the upside to a breakout where we're looking for another two to AP MD extension up to 39297 and so how you know and so now we're in the order book We know that the in the markets already made a significant move and this looks in as long as we're gonna You know just as we work positive price structure Negative price structure here on this corrective action now we're building positive price structure As long as you're holding positive price structure, this thing should go so we really shouldn't correct down to here. So this is kind of garbage Because if that happens the trends when they're we're not going to see the trends over for the session anyways And we we could look at higher timeframes But you know the trend is over the opportunities over for the session And so now we're here And so we've got you know, what do we have to you know in the market already did attain This this level and and since we and with that alignment with this minor level on the price map Yeah, we got a reaction And so now is the market going to Make a higher move high are we going to continue this trend? Because currently this is still the big structure point This is the real base for this underlying momentum So we could easily break all the way down to here and it won't mean much but we're still in this powerful uptrend So this is more of a difficult trade taking a sell signal here It's more likely to you know the sell option premium would make more sense Because we're expected more of a downtrend and more of a sideways action Especially being friday and that could carry out through the you know through tomorrow and into sunday And so what do we have going on? We have a lot of liquidity building up here But what do we also know we know that you know, this is not a big area This is where the big area is and we're starting to get some liquidity building up here Off of the ut2 and the market does like to gravitate towards liquidity So what you know as long as you know, so for now we've got the view up here. We're looking for To me I'm I'm I like to keep it real simple And I'm looking for You know, I know my areas Where I want to get involved I know that you know, so if we take you know taking a look at this um alignment here of these lows actually it's off This spike here You know that's you know really that you know that really breaks all the structure price wise But we don't the market doesn't really need to do that. It should be basing here And we should if if we're going to see that you know end of the session We're going to you know get you know basically close on our eyes You know, we're going to see start to see some liquidity build up You know off of here And that's going to be the tell but if we're you know, so this is you that's our context And if we and the thing starts to roll and we start to see Uh more buyers You know get more aggressive You know jumping on that it makes a lot more sense to jump on it when it's trading above this variance here So basically above 38,850 It's giving us that you know, hey, if we start trading back above here and we get some We're getting some more Binding aggressors that's going to be a tell and more likely we're going to make a play for this liquidity And more likely we're going to take it out And so then you could see kind of an acceleration there So currently how low are they going to squeeze? Is it it? You know, you know, how much time do we have to play with within this zone? And so I like to spread I like to you know, I like to make a commitment Again, you know, we're coming in near the end of a big move The bottom line of the market is still positive, but you don't want to risk a lot So it's it's a smaller size opportunity You know, so if we're looking in terms of size management, which is super important You know, what's the value of opportunities? I like to look at it. Is it let's say with you know One unit two unit three units. So whatever your unit size is and let's just say, you know, three units your max size Well, this is your three unit opportunity And it always is and that's again when you standardize things It makes it easier So, you know, if you're not entering in the green box Then you can't trade big The only time you can trade big and go really go for it is here Because this is where the best liquidity is and this is for any market anytime You're always looking to get involved in sentiment because that's where the sentiment bias shifts for the trade period Would make sense. That's where the real risk is at Ultimately the risk of this underlying positive state is below here So if I'm able to enter here, I can I have the least amount of risk And if I have a you know, if I have a positive expectation, you know, if I'm if I'm you know After I get this buy breakout signal, I can risk here. I could even risk below this point Because I'm looking for a 2a p and b move at least and typically off of A sentiment bias signal, it's going to be potentially a 3a p and b move And since we get this violation here, this is a fresh breakout, which which gives me that, you know A target here and now I'm starting to get some alignments from some of these projections where some technical analysis is going to come in Again, those these are my subjective projections I threw them out there just more for insight for people. I primarily focus on structure because it's it's It means it means more than that. This is a swing. It's interesting I like to see the alignment if anything this is just give me insight that hey We might push through this and get a little higher than my expectation You know if if we do to you know really ramp up with this kind of action And right now it's you know, it's it looks like it's slowing down a little bit, but we're still in play You know, this is kind of classic action here In book map where we get this, you know acceleration and liquidity coming into a figure And it's always It's always a good tell when you see big chunks coming in in front of structure Versus when you're seeing big, you know big chunks coming in above structure That's giving you that insight to hey, we're going to get that squeeze into here And then this that this is kind of the tell of the exhaustion because we're coming right into the figure Especially when the figure is supported with liquidity Okay, so what you're looking at here is here. We've got a five minute chart That's got the daily structure on it and here we have a 30 minute chart that has the monthly structure on it So basis the monthly And this is all fresh new monthly stuff. So this is all This is money for the rest of the month Break that down the same way Again, you know what we're doing here is just we need you need context when you play in the microstructure You need some insight You need something to make sense and you need something to be standardized You can't you know any time you're subjective coming in and saying, oh, well You know this happened so You know You know based on today or you know different situations and what you're subjective things if you don't have some Quantitative results backing it up and what then it's how is that going to help? You know, how can you really value that? That That insight because you can't quantify it if it didn't work or if it does work. Why did it work? Why didn't it work? You know just simple facts like Here's the let me just overlay this so it's bigger, but this is the monthly action So what we're looking at here is and I've talked about this before, you know, this is basically just monthly structure Here's a previous month high previous month low. Those are important points. Here's the midpoint of that that range And here's a previous month's close. We've talked about this before where Whenever the market closes near that high or low of its range, you know It's you know, typically it's going to challenge this high point and then fail from the The previous close and give you a kind of a pullback if we're going to have a digestive month It's going to kind of search the range and it makes that decision relatively early Otherwise it just goes and we're and what's more likely to occur here is we're getting ready to just go So it's you know, that's that's and you know, absolutely This thing could turn on a diamond and go to zero in a flash We don't know what's going to happen, but what's more likely to occur And so what what did happen is the market said We're positive. We made a higher monthly high From last month it's that's important You know, basically, you know, and it should and so you know above the previous month's close if it's really good It should just stay above there So, you know, if you want to just even just using this basic structure You know, this is what I'm talking about having this kind of a baseline of facts So 37,600 pretty far below the market here If you're dealing with leverage, but it's kind of interesting that it's also the daily sentiment number and the previous monthly high Is coming in around 38,600. So basically, you know, kind of, you know, basically off this spike low, right? So basis the monthly, you know, if we look at sentiment for the month It's way below the market, you know, we've had a huge Rally for the month. And so these are all things to consider And a lot of time, you know, when you know the energy's down here Sometimes it has a hard time really extending at these levels But, you know, again, you know, the market can get You know, that absolutely we can see some pricing But what this tells us too is that we need to be concerned If we do have a capitulation to the upside, you know, it, you know This market could quickly fall back into a digested trade And that's what happens a lot with when the sentiment's way below the market And so that's something to look for here That you can get some of these stop and go situations Not that it's going to and, you know, it's going to return And have a huge break, but more, you know, more of a sideways situation You know, here we're starting to get some liquidity building up here Off the figure and at the VWAP So, you know, entering here You've got the support of the VWAP You've got the support of some liquidity coming in the microstructure And we know where our risk is at And if this thing is good, you know, well, where can it go? And, you know, and absolutely every day is part of a bigger time frame, right? So you can day trade this stuff, you can swing trade it And, you know, if we take, you know, as we're looking at the monthly structure It gives us a bigger insight, you know So right now the market, you know, above the previous monthly close We're now above the high, you know, making it It's wanting to move and challenge this 39,709 And so that's, you know, really, you know, that's just Our target is here, but before when we were looking at those projections And we saw that we had these 100, you know, these one-to-one symmetrical swings coming in here At 39,558, you know, that's coming in more into alignment here So it's just kind of interesting how, you know, the structure shifts And how it comes into alignment And that's, you know, it gives you more value in those areas And it gives us a trade vision So if we're looking for the market to go up to 39,500, basically And we're currently trading here at 38,770 You know, we're looking at risking, you know, 100 to 200 bucks And then when, and not only that Once we get on this opportunity, we can totally bicycle it Meaning that, you know, when the market gives us profit surges into structure We can take something off and look to put that back on The other thing about that, you know, the current monthly structure that's interesting Is this is our validation point And the market, you know, the market validating above here And holding structure here is a sign of strength And the market has shown us that it's performing like a bull trend And if we're just, you know, so we're just isolating this price action Within the current month Is it performing to the expectation of a bull trend? And it is So we know if it's going to stay aggressive, it's going to stabilize here And if it doesn't stay aggressive And we fall back and we get, you know, and this doesn't hold Well, where can that squeeze go? Well, if we look in the order book And we look at the alignment And I'm going to throw the daily on here So we're in a positive trend How aggressive is it going to be? It's going to stay aggressive and really just move And we have a move like today With what's left with today It should stay, it's going to stabilize here And it's going to go If it breaks structure here, what's more likely to occur? It's more likely we're going to roll into the weekend With some sideways digestion But where, you know, where can we squeeze to? And, you know, this is, and so we have our bigger picture And we know that, you know, 38,200 is the low point of the monthly structure Boundary, it's the low point of this price structures, you know Impulse, corrective move And then it's also the top of the today's upside pivot And then we see also in here that we have this liquidity built up Within the daily metric boundary down here So we're prepared and we're able to anticipate So if we're coming I'm not going to take a corrective trade where the market fails here And it's going to come down to here I'm going to take my loss and take a small loss And I'm going to regroup here And this regroup, it turns into a potential swing trade Because even if, even when the daily structure rolls over What's more likely to occur is that this sentiment is probably going to shift up But I know that this area is in alignment with longer term structure And so all day long This market, if it's going higher If Bitcoin is going higher, it's going to stay above $38,200 And if it does You know, it's anticipating a move for $40,000 At least And more, you know, and if we can't hold this area here You know, basically this $38,650 area And really right where we're at This is more, you know, based on the fact That we already broke out to the upside We attained these targets We had a corrective move What's more likely to occur within this zone During this part of the trading session Is sideways digestion So it's not interesting It could be dangerous trading And it's hard to define your risk But if we, if we stabilize here We do have the potential to have a day that we close on our highs First day of the month A lot of interest A lot of interest came in right away When there was low liquidity jammed it up Then we had a corrective pullback Now we're coming in near the end of the session So you're going to wait the weekend Or we're just going to press it higher You know, if you press it higher What's more likely to happen over the weekend Or probably going to fall You know, we'll probably reject off of that Squeeze those people You know, if we press it lower Yeah, low liquidity over the weekend We could see another revamp So that decision's being made right now And with the higher high that we've made for the day We're performing to the expectation of the bull trend We're in it We've attained, you know, the market already proved That this structure is valid The market, you know, broke out and attained our This minor level And we've got this nice, you know, this wind up here And so, you know, we're getting ready to make a decision We start and now we're starting to see A little liquidity build up here at below here So, you know, these situations You dig it in, you squeeze it Instead of getting fearful You're sticking to your guns And this is a break to buy Where, you know, the market's performing like a bull trend And it's going to try to shake me out And so when you see stuff like that happen That's going to, that's telling you that You know, I'm not fearful I'm confident Because I know this, I know my structure And I know my risk And if the thing can't Hold above this, you know, 38,650 level Then I'll bail Otherwise, it's my story I'm sticking to it And my expectation is that this thing is going to Accelerate to the upside And we're going to, you know, we're going to We're going to get some follow through So having that mandate You know, for me, you know, seeing this liquidity Below the market here You know, I know that this If when the market, if the market fails here You could see some false failures You could see some false probing Price structure, the internet price structure Is a bit like moving sand It, you know, they push through it You know, here's a little structure They push through it, doesn't make, doesn't matter That's, you know, market structure does matter So I know that we could get some false probes down here Because I know that they could squeeze us And they could, you know They could squeeze us back down to the upside pivot And it's all still good So I'm looking at that as, okay I'm sticking move, sticking move When's the order book going to come in To align with what I want to do Because I want to get involved in the next extension I am But this structure is good for the month So this structure is going to hold through Through the end of the year Daily structure is going to roll tonight The only thing to be aware of You know, we are coming to the end of the year Sentiment is way below the market A lot of times when that occurs The market might want to digest a little bit To move the energy higher But for now, this 38,200 level is it That's your focal point for the rest of the year right now Because if the market's really good It's not going to trade below there And if it does trade below that That's telling where we're in for a sideways session And you can spend more time with your families Because a lot of times the market will You know, then it'll just wait for it when everyone's gone And then the liquidity is light And then it'll start to move Any questions? I want to mention, you know, I've got a link here That you know, if you want to get the playbook On your desktop You can sign up there And also take advantage of our Substack So we've got a free weekly outlook on Substack And I'm posting up on Twitter on different outlooks But you know, I like to look at You know, if you know where the structure is You know where the real issue is And then you see some liquidity coming in And they're basically getting stuck And they're selling into structure These guys are stuck We're not expecting follow-through You've got liquidity here that's starting to push up And then when it really shifts up And it shifts up above here You know, then that's when you're expecting to run And then when you see any kind of imbalance You can anticipate it's going to make a move right to that liquidity But again, you know, with our analytics And this is how your brain needs to You should work with trading markets You need to have a foundation of what that state context is You need to know what that base is Then, you know, where is that structure going to change? When do things change? You need to understand the structure of that And then since you define the state You define the structure of that state That's where the execution points are What's your if then? What do you do? If it's in this state with this structure Then I do this And that's what it's all about And so with our market color We've identified 26 market state classifications You've traded all these market states You've traded a bull trend You've traded a bull trend digestion You've traded a bull trend acceleration All these states you've traded So you're taking the time to really think about What tactics do I use? And how do I approach that condition? It's really important Because that's your baseline That's what you can always go back to Literally you can put that into your trading journal You know, the states and the structures What tactics to use You know, define your if thens You know, and that's what we do That's what the playbook is basically doing here It's just here are, you know Doing a deep study on what a bull trend is You know, and understanding those characteristics And that's going to improve your awareness And give you a basis to standardize your trade plan And by executing trading tech It's in conditions that complement the method You know, on the price map structure You know, it's absolutely it's it's in depth Markets are in depth, you know They're complicated You know, this the structure it's got You know, it's it's basic In terms of this is market structure Defining the the alignment of the state And this is identifying where shifts in state occur So why trade in the middle Why trade anywhere else This is where liquidity is happening This is where institutions are coming in to make decisions You know, and this is how you can standardize your tactics And the standardization is huge Because you can not The biggest thing is you can understand And pick up on my stuff's not working This isn't working There's a problem And when there's a problem You know, you need to do something about it You know, it's not perfect Markets are perfect So if they're not performing perfectly There's a problem And if they are performing perfectly Perfectly let it pay you out Get out of the way Do not think Just act Protect those profits And let it run Don't think Oh, it's it's it's it's done enough No markets always go farther than you think they will So if it's performing perfectly That's your story and you're sticking to it And it's so important You know, and then your strategy and looks are your if then You know, you reduce anything that you do down to if thens What are the optimal things for this state instruction? You know, and then what can I do? What what are the tells that tell me that the state Instructure is changing We're in transition Those are head strategies You know, so you always have the markets either performing to the expectation of the state And if it breaks that structure, you just cross that out It's not doing this Now your total focus is on potential head strategy Or what I call a non-event You know, it's going to just go linear sideways So then if it gets into a head strategy theme It starts, you know, in the bear in the bull trend It starts to turn negatively Okay, we're in a head strategy If that structure gets broken and forget about it So then you got two big axes So the only thing you're looking at is non-trend Non-event It's not doing anything It's as simple as that It's either performs the expectation of the state It doesn't do that And don't expect that it will It's not It's either going sideways Or it's going to have a transition A negative transition For, you know, in this situation With, you know, it's going to have a head strategy theme And that's what we do in the playbook It's just, okay, here's your optimally It's going to perform the expectation with this structure to do this If it breaks structure and it's going to transition These are the optimal things to do Not the only things to do when you're trading But the ones you want to bet big on You know, and the big part of all this stuff Is it makes you, you know, this fact-based structure It allows you to proactively manage your risk And anticipate opportunity And that's the key thing Anticipate You can't react You can't be using things that are react And you can't have doubt Because you have to execute So you can't be kind of, oh, maybe this No, you need to, before you execute Before you do anything, you need clarity And then when you have clarity And you have that conviction And you have the self-trust That's when you're really in the game And you're making some money That's when you see your P&L build So, you know, our whole method has been validated If you haven't read the book Thinking Fast and Slow by Daniel Kahneman The outside view offers more accurate prediction Than the inside view When you live your life Just making intuitive decisions It's easy to just, you know, kind of roll with that And not take, you know, not slow down that process To do a fact check Because it's so easy to get anchored on You know, have these cognitive biases That are going to skew your intuitive function And then, you know, and also That's where fear and greed And you kind of creep into you too And they take you off your game And they steer you in the wrong direction And hope, you know, makes you hold on to things longer than you should And that's why having a statistical baseline Did the facts are in front of your face And there's only, you can only, you know, fade those facts for so many times It's just like, you know, this one time What's more likely to occur isn't going to occur And then you get a jam down here It's going, it's not, it's this next time Oh, it's, what's more likely to occur? No, it's, and that's not going to happen It's going to do the opposite I just know it And you only get, you know, you can only get hit and head so many times When you say, okay, I'm going to go with what's more likely to occur now You know, if you're playing cards, you know, you're not going to, you're going to, The way you bet, you know, you're going to bet on what's more likely to happen And so that's the same thing with trading You always want to be placing your bets In the direction of what's more likely to occur So, well, I hope you enjoyed that We got some good markets coming up You know, I encourage you to, you know, go to our website DharmaCapable.trade Learn more about what we do Sign up for a trial Like this video on YouTube Check out my ex-account DharmaCap trading YouTube's got some other videos that are giving more insight to the method Bottom line, you need a foundation We've got one We've been doing this for a long time It helps, it really works Especially to get you prepared to trade in the moment I mentioned the sub-stack, DharmaCapable trading, and then our Discord channel And feel free to DM me in Discord if you want Other questions And I hope you all enjoy your weekend And it's definitely routine enough for an interesting year And we'll see what we'll see what December offers of You know, right now it's pretty exciting So we'll look forward to speaking to you again Enjoy your day Cheers