 Hello everyone because you're having a good day It's kind of choppy out there. I'm John Slazos from Dharma Capital Trading and today I'm going to go over our playbook and Having a decision matrix in the market. So more of a practical application today We're gonna take a look at ether. If there's any other specific markets people want to cover You can throw them in the chat As a disclaimer everything that go over today is all educational. So we're not making any trade recommendations and if you are trading We absolutely recommend that you are you only using risk capital So at Dharma Capital Trading, we're all about empowering you giving you the you know fact-based solutions to improve your intuitive judgment decision-making So we everything we do is you know, they're something factual What's the close? What's the high? What's the previous high? We also have our quantitative analytics, which are all fact-based Incorporate some behavioral variables in them, but basically everything that we do is out to search for the truth and you guys are all bookmap users and You know, you're using that platform Because it's fantastic look insight to the order flow and what's happening in the order book So, you know getting into that zone while you're and having a foundation To really help your intuitive judgment when you're making those decisions and so to do that You really need a fact foundation. You know if you use You know subjective tools You know, there's always some doubt You know, so if you're using technical analysis and you're you know, it's especially in crypto It's difficult because what is the real prices? I'm a I'm an old-school technician and you know, I believe in price and You know, I started out in the mercantile exchange and you know Back in the day of you know building charts by hand, you know And I was always really careful in trading futures is you know of having the proper continuation charts, you know And making sure that I identified the proper role not just the volume role You know to understand, you know, where those gaps and in the rollover were because they made a big difference So I get it But you know and that was kind of the fact base of making sure I had the right data and when you're trading crypto You've got you don't have centralized exchanges. You've got a lot of different data points. What is the real price? What is the real? You know, you also have All you know different market makers in different order books and you get a lot of skews a lot of spikes You know, do you just discount those spikes? Market traded there So it's you know, and then you know, so where do you start to base your your analytics from your indicators the whole nine yards just gets You know a little bit Skewed and you've got a question in it. And so that's just one other layer of a potential doubt In your decision matrix and that's going to come out as anxiety in your trading You're gonna make and you're not gonna make, you know, really solid Decisions when you're in flow, you know, so everything that we're doing with our fact-based solutions are designed to get you in a state of flow You know, so you're not thinking you're just doing you're just executing just trading Yeah, the chart you're looking at here. I've got ether up five-minute chart and we've got We're using the combined order book for the for buy-in Bybit no KX There's no perpetual. Otherwise we'd we'd like, you know, that's what this is a perpetual contract that we're looking at There's no perpetual With book map, but we have but with the benefit of book map. We do have this combined order book so we can see You know a combination what's going on because if you know, ideally, yeah You'd want to look at every single order book that's out there to get near your own insight But that's difficult to do and if you're in just one order book in your trading just coin base or cracking or just finance You're not seeing the whole picture The other thing on crypto that you have to be aware of is a lot of the trading is done OTC So You know, those trades aren't even seen So that's something you know, it's definitely something that you have to you know Be aware of when you're you know when you have your decision-maker matrix and you're going through your process You know trying to search out what is the truth? So on this on this chart, you can see, you know, what's you know, the previous day's high I'm gonna throw up our indicator because it it'll break out the periods for you But you know yesterday's yesterday's high came in here right off the top of the session makes a low We're settling up, you know right here and then immediately them after the settlement market's taking off And then I also look at the midpoint of that Daily range so not only the daily close but the The midpoint So these are just facts But it's a great tool as a basis for making decisions so if I'm You know, we're at the get-go if the market is opening up, you know higher It's positive. I Like to use the midpoint because it gives me a sense of you know From the previous time for structure Are we in the upper half or the lower half of that simple as that just gives you some insight to what's going on there? And then as you you know, you these are the factual baseline tools that you need to just you know Incorporate into your trading and and what I've done over here Because I've used the the notes to identify them over here, so here's previous days midpoint Previous days close and I've got the previous days high here that's coming in In 1916 So just you know giving some guidelines of structure, but I mean just just that tool alone Is is good, you know is controlling the range today. You've got you know the previous days high And note, you know, this is some kind of fun fact that's interesting that happens You know if you're if you're doing your classic price structure or analytics and you're looking at different, you know You know peaks and troughs, you know, you've got here's your peak and You know what really you know, but then you had the previous days highs came in below that that peak of that impulse And now you've got and so that was the daily high which really you know was the factor So if you were using this as an opportunity This got you in instead of waiting for that getting in here Also, the you know, you know, then you have this true reversal that came into play and the pullback and the pullback on this Comes back into the close and midpoint. So that's a you know real solid Real solid momentum area, you know, everyone's looking at the net change So it's it's definitely something to you know do every day Get your parameter set get some clarity there We take it in next, you know, another step further, you know, providing it, you know, looking for statistical baseline And we have this application we call the playbook And so what this does for us is it identifies the market state Its structure And because of that state and structure Strategy themes to look for to take advantage of that state and structure of the markets performed to the state expectation Or if it's not performed expectation So you could look at this as a statistical baseline everything here is quantitative there's a couple different algos that are involved one that defines the state and I developed this algo back in the late 90s When you know all the sows bandits were coming to the futures markets to get the our analytics So we've watched the S&P to trade their markets and they wanted to Start what you know, they wanted us to start focusing on you know hundreds hundreds of stock names and it just It just it just didn't work, you know the way we were doing our analytics. We just couldn't handle that And so what we did is I I just needed something an indicator that would tell me, you know, what's the truth? Just point me to the truth. I just want to know is this you know, is this market trending? Is it non-trending? And we took it a little farther instead of just being trending or non-trending well, you know, yeah Markets are in bear trends and we've all traded a bear trend Lower lows lower highs. It's classic bear trend. But you know sometimes These bear trends are going down fast And so it's more of an accelerated bear trend. We've all traded that trend that we've all traded that too We've all traded against that too And so, you know getting a little more Granularity on you know, what is that state, you know markets not just in May not just be in a neutral general neutral state You know, it may be in a a neutral state that's transitioning to the negative side of the extreme that neutral state You know, we might not just be in a bull trend. We might be in a a corrective trend or here's a corrective bear trend So understanding the context of what you're doing and what you know what you're trading in This is paramount You know What's the playing field? Now you playing on astroturf or grass is did it rain last night or the day before is it or is it all dried out and hard? You know, you're gonna need to have different cleats Same thing in the markets. You need to understand what the baseline is So what is the factual baseline? You can't just go into a market with a tactic And just apply it, you know over and over again and expect it to work every day No, it's gonna you know certain, you know tactics Certain tactics and momentum tactics are gonna work better and markets that are trending Deviation strategies are gonna work better that when markets that aren't Simple as that. So you want to align your tactics with states to compliment it. And so that's what this Playbook's all about strategy-based trading tool You know, if you have the best, you know return to mean Reversal, you know tactic Well, absolutely, you know, you want to get involved in markets that are you know, actually This is a great market state for that a bear trend correction because you're gonna look for opportunities to get involved at the Exhaustion point of that corrective move so you can get on the bigger move to you know, the bigger next trend move You know so identifying you align your tactics with the market state So that's that's you know, the You know Besides understanding the you know, the time frame structure, you know, what's the previous days high low? Close and or in crypto last and the midpoint, you know, that's that's that's as you know A factual foundation and when you're starting to build on that You know, that's where we that's where we take it to the next level where we're providing more context to what's happening and so Take a look at ether That teed up and the markets in a bull trend state So, you know, what this playbook does is it's really kind of something off the shelf That is sitting there and it's just defining what is What is the truth, you know, it's you know, literally you're on the side, you know, if you're a coach on the sidelines You know, okay, we're in the bull trend What's the structure of that trend? Okay, here's our place Here's our strategies. This is what we're doing because this is this is the the state structure and context and We you know the and the definitions that we provide here, you know after you get you know go through them You know, it's just the awareness of what it is. You might need a reminder one time But basically bull trend is pretty straightforward You know the one thing you need to understand is markets are always in transition from one state to the next so How how it transition Transitions is key because then you need to again you need to align your tactics, you know So if the market's performing to the expectations of a state, that's pretty straightforward. We're gonna expect the market to Trend higher and look like this momentum should be good. We have a positive bias Trending positive and and we could see an increase in ball But and a lot of times, you know other insights to bull trends, you know a lot of times They like to pick up buying it's later to set a later part of the session, you know classic bull trends They just have that kind of positive move into the clothes You're so just little things like that they add up to you making a difference in your trading You know the next part of the decision matrix on our fact foundation is, you know understanding the structure of that state So If we know markets in a bull trend Where sentiment well in a situation like today sentiments above the market in a positive trend, so that's unusual And what does that tell us? It tells us we might be in a more of a corrective part of the bull trend So, you know, if the bull trend looks like this, you know, we're in this type of situation You know, are we here ready to take off again? Or are we here ready to move lower, you know And and bottom line is as long as we're below 1931 98 on ether the ether perpetual and finance This markets vulnerable to corrective action still positive and if we get some negative Action or corrective dips. We're anticipating that those dips are going to bottom out So just having that awareness is that's the environment the environment is potentially Corrective moves and you know markets when they correct. They're either going to break or they're going to go sideways So, you know corrective markets in any trending market. That's part of the corrective process. They digest So that's something to be aware of The other thing with this structure, it's interesting because it's it the structure is not only defining the sentiment bias But it's also defining where This market will transition or not will it perform to the expectations of the state? Or is it going to break structure and transition to a new state? And so these so we identify these key parameters Upside pivot downside pivot here that define that So as long as we're within this structure or within 1931 between 1866 68 This this whole this structure banned or we call it our critical range This is the expectation That's your story and you're sticking to it. That's where you're lining your tactics with Whatever they are There if you're using technical analysis or if you use an order flow This is that we're just what all we're doing right now is to find the playing field So you can really get into the zone and you can own it and you know what that environment is And when you see those tells happening in real time, you can act on without thinking. That's the goal here So we know if the market break structure below 1866 68 in in ether That's going to be an issue because that's going to make this statement not true Markets not in a bull trend anymore And we also know that if the market starts trading back above 1931 That this bull trend is going to be ready to engage because now we're now sentiment's going to be will be below us And the expectations that we're going to see a new extension higher So we outline that in this in our risk statement here where we're identifying, okay Well, this you know, the we're the market trading within this zone is at risk Because it's corrective So you have to be you know, you need to be cognizant that you know This thing is potentially vulnerable and you got to be concerned And then we're identifying this midpoint to say hey, you know, yeah, if you're below that You're more at risk and above here. You're going to be back wanting to re-engage the bull trend and then really Completely risk comes off if we get above 1948 and ether and We go we go risk on if the market starts trading below 1866 Which is makes sense because we've broken structure This is just kind of a validation just to confirm things so we don't get flushed out on some stop squeeze But bottom line is this structure is defining the state And then we also give you some parameters to identify. Okay. Well, you know, so If it goes a dollar below here, is it is it violated? Yes, and no, it's you know with these markets with slippage It's definitely needs to be noted that if the market take good trades down to 1865 or 1864 that that there there's you know, it went lower than the price, but we also get some risk metrics and So really today the what we call our alert distance But you know about four and a half dollars is a good risk metric So if you know for stop placement and we also give reward metrics So tip with the reward we reward metrics tell us is what what the market's paying out These are just the facts in bottom line the markets trading in $32 segments So we always like to look for at least a half segment or I call it an average price map distance APM D So we always are looking for half segment full segment or two segment moves And so that this helps you to align your expectations for profit So when you get into an opportunity when you're getting into an opportunity and you get into an opportunity around structure You have to go for $32 at least I mean you could take something off at 16 bucks just to Work out of your trade, but you have to take something off at 30 You're going you have to go for 32 because that's what the market's paying out And you really don't need to risk much more than let's say five bucks four and a half bucks five bucks That's what you want to look to you know adjust your risk for so you're always keeping your risk reward in line But the end the way you do that is by being patient and waiting for the market to come line with structure and we can incorporate those Those met you know those risk and profit metrics into our strategy section so Again, it's a fact-based tool It's an if-then statement if you're in a bold trend and you have and the market sentiment is above the market Which is corrective then These are the strategy themes you want to look for And so these aren't the only things that are happening today But they are the best things to take advantage of And so again, you think of them as themes And you want to identify what theme is in play And maybe none of them are in play But when these opportunities present themselves and then and especially when your tactics align with that theme You know, that's when you want to bet bigger That's when you want to you need to up your size You can't trade the same size all the time you have to trade bigger when the odds are in your favor And that's all this is doing it just telling you what the odds are And so if the if the market starts trading above this structure the odds are it's going to extend higher and And also if the market trades below this price point odds are Market's going to break so For an optimal thing to do in this in this state and structure We want to Buy dips above off the dp and if we can buy an opportunity here This is where the risk is the lowest because this is where the this and everything changes below this price point So if we're entering the market here That's that's one of the optimal things to do That's obviously it's logical if you're trading a bull trend Where's the lowest risk? Well off the the the the Dip that's going to you know break that higher move higher higher move a little structure That's when things change So that's the best opportunity, you know the best risk reward opportunity is there and being patient and taking advantage of And the other opportunity is jumping on some momentum if we get a breakout above here And as we're going to see as we get into it You know, there's also ways to anticipate that so you know if the market does Break low down Stabilizes and starts to turn you can you know get on this this Momentum earlier and then this is the validation of it and what happens If if things don't follow through with this the the state characteristics So the market's going to transition. Well, what are tells on that? The market breaks out to the upside And can't hold the breakout And produces what we call a reversal an exhaustive reversal market trades back trades up to 1940 Can't hold above 1931 fails back down straight in at 1926 all of a sudden. Hey, we've got a reversal market could turn It could break all the way back down to here And then if we do fail from this price point, you know, this is another what we call a hedge strategy is to Sell below the downside pivot sell below here because now the market's broken structure So you come in every day and you're getting your foundation set to trade you identify the state Okay, I'm trending market. So I'm going to adjust my tactics for Riding the wave I want to you know, this we nobody has a clue where this these markets are going But we do know that this thing has propensity to trend And so if it has a potency propensity to trend then we've got some opportunity to get some follow-through potentially Structuralized we're corrective. So, you know, that that kind of puts the follow-through potential in a little bit of a box because until we really Um, either get a play for the downside and start building a positive structure We may be in a sideways corrective action. So that so that's now we're going to need to tweak that So we need to we need to be prepared for potential sideways But there and be ready for if this market tries to engage to the upside And then if we have a sharp move to the downside, you know, all the the negative Breaks, we want to take you know, potentially take advantage of, you know, getting on the long side with that And so what so now we're going to you know, we identify these strategy themes And we we need to see or any of these, you know, so if any of these things come into play We want to participate in and so we you know, that's in our back pocket of hey When the market's trading at these levels and these levels, I need to have one I need to Not get, you know, not Spend too much money trading on the short-term opportunities within this zone So that if I do get opportunities at these extremes, I can really take advantage of it with the proper size So I don't want to spend all my money getting dinked out Or you know on smaller opportunities Because you have to trade bigger for the bigger opportunities All right, so we know we want to buy this dip buy a breakout above here Potentially have it look for an exhaustive trade here and there's a failure here is going to Signal transition. So now we start now we're ready to go. We have our foundation We have our we're set with our structure and if we wanted to If we wanted to look at You know any additional subjectiveness we could But it's still it's it's still pretty early for that. I think that the subjective technical tools help better for position management And for helping to identify, you know, some short-term swings where you might get a pause that you need And if you do have a trade on, you know, do you want to sit through that pullback or do you want to You know, you want to take your money off the table and potentially re-enter Okay, so what I did here today is I put I added this sentiment bias because that was the That was the key level. This is our Applicate one of our integration applications that you can Subscribe to if you're interested in test driving it see if it works for your stuff Bottom line, like I said, it's a fact-based structure And so what I did here is I just I put the critical range on So, you know, the the main structure here So we've got the upside pivot and Typically the upside pivot is going to be read like this Here I can That was yesterday's Action I'll add the The labels for that So it's just this isn't going to factor into today's You know what we're going to do today, but just to see The fact that, you know, when sentiment is at a price map level, we turn it green actually, I'm I'm going to get rid of it because I want to focus on the current session You know, everyone, you know, you're going to want to look at you'll end up looking at structured differently than somebody else You maybe want to just focus on one thing or the not So that, you know, we just had the integration tools kind of allow you to kind of mix and match what you'd like to do A lot of times I just like to look at the r level and the directional because this is kind of the momentum area You know, I know that, you know, this is the midpoint of the critical range So I know that if we get below here the market's going to have some momentum to the downside and in this situation It's corrective on the bull trend. So it could we could turn into this situation. So I I always like to Get a lead on things, you know, try to get into size at the initiation So that I have enough, you know Size to be it, you know, lock in some money, but also I I've got some some bullets to Sit with something for a potential move and you know, basically, that's what I'm always looking for So sometimes I you know just looking at that is it can be helpful So right, you know, right, you know, we're coming to the market right now. What's what's happening you know, is the market performing expectation or not and We are in a corrective state, you know, we did have a push into the You know, this is another, you know, here's the value Of, you know, the quantity of structure and when you're looking at the, you know What's the structure of the market state? So identifying the state? What's the structure? What's the sentiment bias of that state? The you know the how that adds to what we you know, our other facts Is, you know, we understand that yeah, we've got the previous day's highest here and it's going to be a You know, it's going to be a factor and it was right after get go When the market transitioned at You know, 12 a.m UTC time But the you know, the real selling energy is above the market here So as you're getting this kind of, you know, rally, it's it's it's corrective rally, right? Because it's this is sentiment and so um And just you know, and so I'm going to add in these levels So I've got what this is called. This is the critical range So this is the kind of critical range positive above the midpoint, which is the directional Critical range negative. So it's their kind of validation points to help you position manage opportunities within the critical range They also provide short-term trading opportunities And then also the critical range Extreme positive extreme negative. These are the validation points for a breakout of this range So when your market's breaking out above here, it needs to validate through here to really confirm that it's going Same on the downside needs to validate through here to really confirm that we're going to we would see a transition so they'd also give you good insight and For you know for the position management. So just looking at this, you know, it's at the get go You know the market opening up The what you're what we're looking at here are those metric boundaries. So You have your variance alert and alert distance And so this is the variance And this is the alert distance So you have those metric boundaries surrounding the figure. And so this is what you can you can use these metric boundaries for your risk management They you know, they also give you insight You can work into trades and you can start selling at the alert distance at the variance at the figure all the way You know through here this whole area signal acceptance. So if you had a You know an indicator system That might be You know in any indicator system is bit is based on price, you know price history. So it's always lagging, right? So so your your indicators Is designed to lag because that's just how they are Whereas the price map structure is something you can anticipate So it's a whole different game because you can anticipate i'm going to do something here But if you want to wait for validation for your indicator systems, you uh, you know, you can These are the areas of the signal acceptance for them. So as the market comes into this area, uh, you know, absolutely You can start to use it, you know kind of anticipate a potential Signal on your indicator because it's already a valid opportunity based on structure And so here and so let's uh So now we have the full structure on there and then also just i'll talk about this and then let's take a look at Let's combine this with the order book Getting you know, what's happening with the book map and how that helps us in the moment to make decisions Um, but on the risk reward metrics just to point something out. So we talked about the market likes to move in segments, uh, you know, uh APMDs, you know average price of distance segments of 32 dollars and a half segment move And two segment moves. So that's what we're always looking for. We're looking for, you know, half segment full segment and two segment moves and so you know the last You know these trading over the last couple days has been pretty brutal And so, you know, yesterday you had a market that made, you know, the the full range of the day was a one one segment move Like I said, this is this is just identifying facts of what the market's paying out So you can see how it moved in a half segment here Move this out of the way So here you have a half segment move half segment move And then, you know, this ends results in a full segment move You know, you see it, you know, a half segment move half segment move and it ends up falling through with another full segment You know, and so now here today, we've got, um, you know, half segment half segment Is that all we're going to get? More likely not, but that's what we have right now And that's and so this is the absolutely, you know, if you come in today on the opening or the start of the session Market's firm above the previous day's close Which also turns out to be the midpoint. So immediately you're like, you know You're happy, you know, I I'm always happier when more things are in alignment because that gives It's kind of criteria for my decision matrix to trade bigger. So anytime I get to trade bigger. It's it's a good thing For me, I like to do that. Um You know, if I if it's a signal, it's a small signal It's it's not as interesting, but I can't I have to stick with the the program and and I can't uh Overstep my size management based on The structure of the market and where where it's at. So I can't just have a feeling of oh, I really feel good about this thing I'm just going to load up No, it's got to be in alignment and when that alignment is it's exciting because now things are in alignment You can trade your max size. So this is a this is a good opportunity The market is at the close which is positive above the midpoint Which is another great thing and you have all that alignment coming in here At the uh negative alert distance off the directional So especially after the market produced this emotional move the prior, you know, and this is all you know This is seven o'clock at night Uh in chicago time, you know, so this is all kind of in play this these crypto markets never stops So it's just all one flow So, you know, as you and then you have this market price structure here So I got price structure. I got the midpoint. I got the close and I got this lower metric And I had this emotional flush here Uh that bottom out above here It's it's a lot of positive things happening at this moment So, you know, it's an opportunity to get long here It gives you an opportunity to get long it's transitioning through the directional here It takes it out pulls back gives you an opportunity and this is something to note for breakouts because it they usually don't pull back too much They usually do this and stop at the alert distance And now they pay me out a half a pmd. I'm my expectations is coming up here So I'm in this trade to go here But I don't get it but I do get but you know, I do have You know facts, I got the previous days high and I have to deal with it I know that's going to be an issue. It's going to be a hurdle and I also have my you know, my uh Critical range positive coming in here and I and I know that it just you know, the market is in its opening phase You know, so you know, you have the settlement phase. You have the opening phase Uh, I need to respect the these interior validation points because you'll get I might get a reaction So it's an opportunity here to take some money off the table You know, basically at this point market's holding positive structure. I'm all good Um, it takes it out here market should start basing above this metric And move higher and when it doesn't It's a tell that there's a problem and we could break that, you know, we could see a half a pmd move back into this area And and so when the mark at at this point and even not even at this point, but at initiation You know what you're going to do when the market if the market does this You know, you know, you this is part of the risk management plan in your decision matrix that hey if this market can't hold You know Higher lows higher highs and it breaks structure at a at a market structure point, you know, do I want to give back Half a pmd You know, which is going to be the bulk of what I had made I'm definitely going to want to lock something in and then look to rebuy And you know, they gave it they gave an opportunity to rebuy they pushed it up. This is super fast and this is crypto So this is something to anticipate to you had you, you know, and if you have Automated risk Auto execution tools that you can use be prepared But anytime the market makes a you know, a breakout here. It's the same routine the market can't sustain Trading above that metric. It's a problem and this was a problem. So, you know Um Another thing are we buying this breakout? No, why because we're coming into a sentiment That's that's this is corrective and that's a sell below here. So the expectation is you're going to get a reaction off of this But what does happen off this, you know a motion off this figure in this trade you get this exhaust here This tells us this this is tells us the market's positive because it's The market goes above the previous day's high point and now we breach this metric So that's you know, to me I kind of like that Uh, but this is kind of classic where the market will give you a positive signal and then just screw you And then it takes out these lows and it comes back to retest the lows. So when the market's trading here What's your risk? You first of all the market is you know, it's still, you know, we know we're in a corrective state So this is this kind of stuff should be anticipated We're right back at the midpoint from the previous day and the lower metric boundary So it you know, it and your risk is defined And if the market does stabilize here half apmd full apmd That's that's that's the that's your story. You're sticking to it. And so, you know, how can we um How can we you know, so now now we you know You know, we're at now one we we have the the structural foundation and now we're going to take, you know, get more in depth on the order book And and we can kind of see some of the things that uh occurred in the order book. Um, And I'm just going to keep it super simple. Uh, which is what I like to do You know, I like to look for exhaustion volume You know, and you know, and so when the market is giving me a big green dot here And then immediately can't hold it You know and it gets you know, so I as I mentioned I put the previous day high point. So here's our structure This structure is On we've got an integration with the book map platform. So this is something else if you come on to the Playbook You can go to the downloads and you can download Uh Our our data file that interacts with uh book map and you can do this yourself um And then I manually added the uh The previous day's high information But this kind of situation here when this happens, well, you know, one I'm getting, you know, I'm getting this, uh You know Big volume dot And doesn't follow through It's one thing if I get a bunch of these volume dots here and I and I'm getting some You know, I'm using this Tool under here to identify you know, uh, the the green and red is more small orders and uh retail side and the uh, the Cyan and and pink are uh, Are the uh, larger institutional size traits And so you just try to get an insight of, you know, what you know, what's happening Where the clip size is and so when I get this volume dot here that's on this breach Um And it's immediately followed by you know, some large selling, you know, it's just it looks like a trap and One I know my foundation is bull trend correct, you know, it's a bull trend But I it's more corrective below the up and then when I can't hold it just tells me okay We may have a squeeze and then when I'm coming down here And we're coming, you know, we're start trading back underneath the directional here And I'm getting these, you know, big some big sellers, but I'm getting big sellers right into my main structure I you know, this so it's you know, this is this is a tell that these people are getting squeezed out But they're getting squeezed out right into to liquidity I mean, this is this is a great buy zone because it's the lowest risk opportunity for the you know for the day Besides on the opening and most people are you know, at least in Chicago they're Having dinner You know getting ready for dinner and they've they've dealt with you know, this and they're done So So this was a great setup With uh, you know just identifying, you know, this liquidity excitement And you especially when you get stuff like this happening In front of structure And so here you've got structure alignment with the time frame structure. So the previous days structure with market structure And so now we're getting a similar situation where we're getting another volume does popping up here and it's um, it's happening in front of the previous days high and the CR plus So, you know, if if If the market is doesn't if we don't start into we're starting to see some the the Some some real buying come in and if this if this is really true You're going to see a few more of these volume dots pop in here And we're and the clip sizes are going to are going to increase and we're going to take off and we're going to make a move for up here And and you can see, you know Things liquidity is starting to build up here and the market should just you know chomp on this and take it out Otherwise, we're just going to be it's just we're going to fall back and we'll have another half APD Break to the downside and we'll have this this this kind of churn action So absolutely, you know buying, you know here your risk was defined. You're coming in here I you know, are we looking to sell this thing? No I mean if you have it if you if you are if you have a a tactic that comes in It's giving you a big screaming sell signal. Absolutely. Here's your you know, it does do the risk alignment Do things align with your risk? Well, here's your risk They shouldn't take out that high And what's your reward your rewards here? Personally, I like to look for getting on opportunities for the resumptions of trends because they have you know multi-day multi-period Follow-through So if I'm in it in this markets and also, you know in this market state I know we're corrective. I know the under, you know, I know the bigger picture is positive I know we're above the previous day's close and midpoint which is positive I know we took out the previous day's high which is positive And I know we're you know, we're already Through the session somewhat So I know that if we do close here or we do close at these levels or anywhere in this zone here I do know that more likely structures are going to shift and this this sentiment bias is going to shift down And if his sentiments by shifts down all of a sudden now I've got my energy below me and I'm in a bull trend So kind of anticipating something that that may occur and you know You know and what we can do Along with those that comment is say, okay. Well, let's take a look at the higher time frame So I'm going to get rid of the daily structure and let's take a look at the weekly structure and so so here on the on the weekly structure we have and the beauty of this market structure this price map is that it's It's unified across time frames. It's all the same stuff. So the apmd metrics work You know, what's the market trading segments for the day? What's it trading for the week? You know, they're all it's all all the same stuff. You know, all the metrics are the same the the Price map qualifiers are the same How the market behaves is the same. So the weekly here has been pretty messy, but I've got this 1920 is my My is the directional Let's just for fun take a look and see what the monthly critical range looks like So the monthly critical range is coming in here right here at the cr plus. So I'm going to get rid of the weekly for a second typically I'm doing this You know, you're looking at the longer term structure You before you before you start trading. So you have a kind of a big picture first But I you know, we just kind of jumped into the playbook Just to show you those facts. So here so on the on the monthly basis Let me a little higher time frame chart So we can get a bigger picture. So you can kind of take this with you for the rest of the rest of the month and just as we put the previous day periods on for the The day we can do it for the the month as well, which I Is something I definitely recommend that you do But just for you know, just just quickly to go over this Before we close out here To give you some insight of what's happened on a monthly basis. So we have the same situation You know, we've got the markets rotating around the directional sentiment bias for the month is below the market. So that's positive We talked about those critical range parameters Well, they did you know for the month they that you basically ping both sides And and ended up in this digestive trait. So what happened? This is kind of classic Coiling action where, you know, typically the market's going to ping pong within the critical range extremes And so when it really starts to coil, it's going to it, you know, that these parameters will start to come into play And so is this enough coiling or for for the month Are we going to continue to coil into august or even through the summer? Is it going to be just this flat line through the summer or are we going to or is the market going to make a move? Um Well, we have no idea but what we do know is that if you know, you're going to get Initiations off this directional area and you can see how this monthly directional has kind of come into play Sparked a lot of different initiations and basically we're right back at one right now So that's another interesting fact about what's happening and occurring In the current moment Bottom line you need to have a decision matrix And that decision matrix needs to be fact-based And you anything any tactics that you have you want to throw them into You know if then statements and if you can't make an if then statement out of it There's a problem with that indicator If it's like subject to subjective that oh, sometimes I do this it all depends on that And then and then I do this What happens is it messes with your your body your body won't you know, your unconscious mind wants facts Your ego wants to figure it out, which you know more times than not you can absolutely You're going to make good calls and if you have good insight But you're you're subconscious that is You know when you really get into a state of flow and that's how you're performing it Um It needs facts and so having a fact foundation is going to help you get in that state of flow where you're no mind And you're just doing and you're and you're trading that but having the best trading days that you've ever had And and that's the state that we want to get into and that's and that's what this fact foundation does So the the that's why we design this playbook. It's a it's a fact foundation you come in You know, we we cover crypto. We cover futures stocks ETFs Um, it's the same thing across asset classes. It's it's meant to be a statistical baseline Set the stage get your facts straight. Know what the foundation is Then come into the market Integration tools are great because you vision, you know, I'm a super visual person You got it visually here. You get into the microstructure You got one of the you know bookmaps one of the best tools out there that you can have to You know to work the order book and order flow You've got the integrations. You're all set and you know And you you get to work and you and you have the Everything's built into your workflow to help you get into that state of flow Always go back to the facts if you ever have doubts worries. You're struggling. You're fearful You know any kind of emotion that pops, you know, all the emotions that pop into your trading The first thing you do before you click is go to the fact focus Are we positive? You know, you're short. You know, are we positive on the day? Yes Are we above the the market midpoint from the previous day? Yes There's a problem. Are we above yesterday's high? Yes, there's a real problem, you know, so And if you all of a sudden just Added to your position that was against you Um It's time to bail and get out and you know You know and potentially go and potentially roll long but you know stop stop, you know fighting the facts Align your trading with what is true We can help We've got a virtual trade room that we do Teaching and training in and come to dharma capital dot trade and sign up for The playbook The integrations and We're going to continue every Wednesday we'll be back here Going over some, you know different things You know today was uh, you know just focused on kind of a big overview of the decision matrix And and as we go forward we'll end up, you know getting into different specifics and More order flow and more Trading tactics, but here's our website and you can come here you can learn about our different Analytics and applications and you can sign up for a demo here So thank you for your time today Any questions you can also email me directly post them in the chat And I look forward to working with you. Good focus