 Hello everyone, if everyone's doing it doing well today. I'm in a good day with the Our non-eventful CPI Only questions as I go through stuff. We feel free to Type them into the chat. We're gonna go over crypto trading today But all the methods that we're gonna go over apply to any asset class. I like crypto I like the movement I'm talking about the underlying change in Centralized systems to decentralize systems movement, but I do like the volatility liquidity is coming our way, but definitely Dip into futures trading as well. That's my background From Chicago grew up on the mercantile exchange basically Traded in the S&P 500 pit is actually in the S&P 500 pit when it started as a clerk Very first couple days We were doing an arb. All right today. I'm going to get into what I call a decision matrix and It's something that Every trader should have you should have a process that you go through when you're making your trading decisions And before I get into it everything I go over today is going to be based on educational Facts so we're not giving out any specific trade recommendations, but we are going over some education on how to trade Anytime you're trading we recommend that you Only are using risk capital so Dharma capital trading is a new proprietary trading firm and Consulting group My former background comes from JS services in the futures markets and I've transitioned that into what I call JS analytics So Dharma capital is presenting some of JS services analytics and our playbook and our fact-based trading solutions. So fact-based trading solutions are Objective trading tools so technical analysis is interpretive. It's a subjective trading tool There's a place for that, but it's way down the totem pole on What is important and a lot of people? Discounts a lot of the facts that are so valuable and they're and they're valuable because People that all the dough on the major funds, you know, they're focused on facts. They're focused on What the close was for the year because that's their benchmark? And they dial it into really every month, you know, so what's the monthly close because that's their monthly performance? And those figures are big and they they a lot of the funds build their whole strategy around Just managing their P&L just managing that return because that's what money wants money wants a consistent return They're not looking for big hits Now as traders we can go for big hits and it's a nice sweet spot But we need to be aware of what the big money is looking at and that's what and so everything that we do is based on facts with all of our quantitative methods factual and So that's what we're going to get into today talking about a fact-based method and how you can apply it. This is our playbook and You can go to Dharma Capital Trade Dharma Capital dot trade and you can sign up for a Trial you can also go directly to JS services.io and I'll have those links At the end of the presentation if you want to get access play around with this trading tool And what this does it provides you with a statistical benchmark So whatever your method is whatever your opinion is you wake up and you throw, you know a dart at a board and That's what you're going to do. You know, this is just your your baseline. So these are the facts. This is the truth and you need to know the truth and Doesn't mean you can't follow the dartboard because the dartboard has been working well lately But this you know at the very least this can help you size your bets So when your darts are in alignment with the facts bet big when they're not Bet smaller, you know, maybe it's time to take the day off to do something different So we're going to get into our decision matrix using the playbook and then we're going to get into some practical application using book map So into this, you know bottom line every trader needs to do this every day you know if you're working with us or if you you have your own methods and develop your own methods you need to understand what The foundation of the market is and so the foundation of the market is based on the state It's characteristics of the state, you know trending non-trending bull trend bear trend neutral Extreme positive extreme negative extreme. What is the underlying context or state and what's the structure and what's the structure bias? You know structure. What does that mean? You know, where does that state change? So if you're a positive trend, you know, when does it when is it not true that the market's not trending? So you need to understand the structure of that state And once you identify that, you know, you have if understanding of what the state and structure is There's some natural strategy themes that occur, you know, if you're in a positive trend Natural optimal strategy is to buy breaks in that positive trend You know a head strategy theme and that would be if the market does explode and take off to the upside and then starts to fail and exhaust and starts to reverse well, that would be a You know a reversal strategy to reduce your profit give back would be a head strategy thing And so we you know our application kind of walks you through that So here's our Market grid it's color-coded each color represents a specific state Instead of just identifying You know bull trend bear trend neutral we've taken a you know more of a high def version of that and we've got you know Bull trend acceleration or bull trend digestion or in this example today ethers in bull trend correction So we've all traded a bull trend correction. We've all traded a bull trend. We've traded the accelerated bull trend And each one has its own little nuances and so the goal here is that we want to align our tactics with those nuances or those characteristics And so in our example we're going over that we'll get to live in a moment is Ethers market state is bull trend correction. What does that mean? It means the market's been in a positive trend This is the expectation. It's positive trend, but it has some hits having some sharp pullbacks You know, are we in that are is the market in the middle of this sharp pullback? Are we just starting it? You know, that's you know at this point You know, we're just defining that this the state condition so the state condition is corrective Bull trend correct. What does that mean? Well, when the corrections over it's more likely the bull trend is going to resume And we can jump on a positive trend You know and so but also, you know, we need to be prepared that we could have these sharp violent Corrective moves that bottom out. So it's I kind of like this state because It's nice to when you see that emotion come into the market instead of being fearful You're you can be more aggressive and say, okay. Well, this is a corrective move in a positive trend The next thing we need to do is understand where that trend will change And so we put some structure around that and that's what the these Levels are they define structure. And so here's the here's that same image with the today structure and Today it's identifying the top of this corrective phase as 1908 31 in the The ether perpetual and The lower part of that positive trend, you know, the really the real the real the crux point for is that positive momentum Going to continue is down at 1847 88 So we have these we I call a critical range parameter So we've defined the structure of this bull trend correction So if the market's going to remain in you know remain in this State of corrective state those are the parameters So you move beyond the upper parameter. It's it's telling us that what the trend is going to resume We move below the lower parameter. It's telling us. Hey, this is more than a correction We could be this bull trend could be in trouble The next thing we identify is what we call sentiment bias So this is these are all again. These are just factual points and This is you know in this sentiment bias is an over-under number. It can be different points depending on the on this what we call price map structure and Today the sentiment bias is no bias. It's balanced And so we you know, we're in a bull turn correction We've got identified at the structure of that correction and now we're identifying the structure bias and the structure bias is balanced and What what you're getting here with this playbook is you know If you're in the markets this market-state and you have this structure with this bias then do this So it's this is all just you know a little here's what you do in these situations and and any market that's in this situation It's the same playbook So it's it's it's really straightforward and what you'll find with some of your tactics You'll start to say oh wait, you know my tactics really work well in pivotal situations that and And so I'm gonna search out markets that are in those state and structures And so that's what you're gonna see as we go through this playbook, but that's what this that's what this is It's literally a book. You're on the sidelines. You're getting ready to play Open the book and we're going through our decision matrix For the market that we have an interest in and you may have an interest in a specific market But you also may have an interest in a specific state and structure because that's what your strategies work best in That's what you like to trade maybe just like to sell maybe just like to buy So here's structures balance and I really like this state and structure setup because and here's why we're in a positive trend So I want to I want to I like trend moves I want to catch a move and I want to catch it early and I ride as long as I can So what this tells me is that this market is in a corrective bull state And Sentiments balance because it's in the middle So if this market is if this corrective trade is going to continue the market's going to trade below sentiment because above this price We're positive below this price. We're negative. It's the balance point for the for the day for the trade period And it just so happens today. It's that we're in that that this this structure bias so it makes things really straightforward and also Sentiment is where the energy of the market is so it also tells me that there could be some good volatility around this price point and potentially You know if we get a positive signal could be the beginning of a new trend move north So I like this state a lot So next next thing we look at is okay. Well if we're in this Bull trend state and we have this balanced Structure, what do we do? Well, you know for the you know the essence of the bull trend corrective state is that the market You know is is produced a negative signal. It's against the positive trend and it's vulnerable to a counter-trend corrective break So that's the foundation of this state and we and we just went over that. Hey, that's true below this price So that's true for either below 1877 91 and so the optimal strategy is to fade momentum against 1877 91 if the markets trading below here and it valid say hey, we're trading below here And we're gonna keep selling against here until proven otherwise because that's the point That's the turning point that says hey this corrections over so until it's it till it's over It's not and what and when it is it is and so the optimal strategy is we're gonna fade momentum against this structure What's another optimal strategy? Well, we are bull trend corrections So if we do get a failure and the market breaks really hard and we to go below 1847 88 and it can't hold that break and we get what we call a reversal So the market goes below structure and then comes back above structure That's a positive signal that may be the low point and the exhaustive move of the corrections So that you know again This is why I really like this state because there's potentially a lot of action for bigger moves So those are the optimal optimal strategy themes So we're identifying specific themes. Absolutely. These are trade these are trading opportunities and specific strategies at these specific price points But also more importantly, it's a theme You know it what theme is the market in and that that's the markets always doing One of three things. It's either in an optimal theme It's in a hedge theme or it's in a non-event theme and it's always telling you what it wants to do And it's telling you what it wants to do by it's the it's movement through the price structure So what's the hedge thing? Well, we're in we're in a bull trend correction. So is that correction going to? turn into a shift in a transition in state to maybe a big downshift to a neutral position You know or is it or potentially into a negative trend state? We don't know but what's a hedge strategy theme if we break structure and we and we start trading below 1847 a Hedge strategy theme is what we call sell DP breakout. This is our DP downside pivot That's our lower critical range structure point if we get us a breakout below here That's sustained with with negative price structure That's going to signal that this bull trend is it's turning into something bigger and and when and there's no And this is no longer true This is you know, this corrected. We're no longer in a bull trend correction. We were vulnerable to a bigger event move And what's the other head strategy theme? Well, we get a break out above the sentiment Break out above the R level we get to start trading back above here So if we start trading back above 1877 91 all of a sudden We're we're no longer in that corrective state So if we if we get rid of the you know, the corrective aspect of this state We're left with bull trend. We're back in the bull trend So back so this so that strategy as a head strategy is a strategy to get back on the bull trend This again, this is you know something I like to look for is these momentum areas that kind of have potentially sparks shift in a bigger move So we have our foundation if we're in this state and we're in you know, if we're in the Bull trend correction of state and our structure is balanced Then these are the optimal and hedge strategy themes to look for and to align our tactics with So it's real straightforward. It's if then These are the facts. This is your baseline So whatever your tactics they use any subjective technical tax tactics that you like to look for That's the playing field that you're dealing with. That's the structural foundation of the market That's what you need. That's that's where you're making your decisions and you need to adjust your tactics for those facts So now we go to real time. So we got our basis We know that we know this what's happening for ether today. It's in a bull trend bull trend corrective state Sentiments balance so there could be some opportunity around the balance point sentiment bias and we know that I'm a buyer of ether. I like ether. I want to be long crypto. So this is a this is a day that might be a turning point for a new move So it's an interesting structure So what do we got? So now we're gonna go to real time. So we you know, what do we do? You know, we need to identify if price action is performing to the characteristics of the state, you know What's happening? What's the market look like? Are we perform are we performing like a bull trend correction? You know, we we need to observe price action within the price map framework Is it holding structure because if it's if it's holding structure, that's going to mean that we're going to anticipate this market It's going to continue to correct. And if it's not holding structure It's telling us that hey things are starting to firm up. We might be ready to engage that bull trend again And then we want to see if there's a strategy in play. So You know just, you know It has the market Giving us an opportunity to get involved, you know And basically the market doesn't wait for you to start trading So you always need to be sure that you're looking back From the start of the trade period to see, you know, what has the price action done Because if the market's already generated a signal and it's already played out and paid out and now you're coming in Is it going to pay out twice? You know Most times markets pay out, you know, or more successful just paying out once, you know The second time, you know, it's it's a lot of times people that miss the first time So it's just being away and it doesn't mean it's not true and it can't Work it's just you need to be aware of that. You need to be aware that it already played out It already paid out. What what is the price action? How's the market? Trading within structure and that's going to give you your insight to what the value of that opportunity is and you How you trade around it how you manage your position how you manage your size And that has to do also with the time of day that you start trading. So right now we're looking at the market at You know, 1221 central standard time. So, you know, the sessions, you know, had a lot of play already Because with crypto we're looking at UTC time 12 a.m. Is basically the opening and close Now, you know of the crypto markets. That's our kind of the standardized marker that everyone looks at and You know, so we've already kind of gone through a bulk of the trading session So I snapped this earlier and we'll take a look at that and then we will go to live market But you know just kind of running through this first thing we identify if price action is performing to the character six of the state Well, here's our expectation Here's the price action So we have a market that is trending higher That has some sharp volatile pullbacks So this market is performing to the expectation of the state. So that's that's you know, that's that's good Intel Hey, we can feel confident that You know, the state foundation is is identified and we're performing expectation of the state when when markets perform to the Expectation of the state that's when trading is easier. That's when your stuff works When the markets in transition, it's not performing the state. That's when it's difficult That's when your stuff doesn't work. And so that's it's always important to really get clued into hey What's the state foundation is? Price action performing to the expectation the characteristics of that state Next thing we look at it, you know is observing price action within the price map framework. Is it holding structure? Okay, so this is interesting So we come in here and we see that well this action is actually occurring above sentiment So we're still having this bull trend corrective action Which is which is is true because this is the validation point when we get above the upside pivot That's one that the the new bull trend would engage But this information is interesting because it tells us that hey this this corrective trade might be over We're still holding you know, we're performing to a positiveness But we have corrective action, but that corrective action is occurring above sentiment So that's that's interesting. That's you know, that it's more likely we could Potentially see this thing, you know start to gear up. So it is it's holding structure. That's another good sign Hey this market. It's holding structure and We can feel confident that our strategies and the structure is going to continue to hold and so what strategy themes are we are? Are in play well the market generated by our breakout Early in the trade session so it broke out above the directional our level directional so The our level can be at different points on the price map and we color that that We color those levels Green that when it overlays on top of a price map level we identify it with with the green color And so the market already broke out gave us, you know had a surge and they had a classic Corrective squeeze right back to the figure another bounce now. We're back trading near it So we're getting this kind of action. We've had this breakout. So we're here in this theme So the buy our breakout Head strategy theme is in play. It's looking a little bit like this It's not looking like this right now When it starts looking like this that tells us that the bull trends engaging For now, it's still corrective But that's the theme that we want to Align our strategies with is this buy our breakout so as long as that's our story. We're sticking to it These metric boundaries surrounding the the level we can use those for our for our entry and stop placement With the expectation that the trend is going to resume and ideally take off And then we can also use price structure around these metrics So the price map contains other levels other than these key critical range and sentiment and so we call these validation points These interior ones that are in play today These are this is another validation point for a breakout of this critical range So once we break out of here, it'll need to validate through 1923 42 if it's if it's really going to extend and if it does extend then we give some targets so this structure is Where you can align your targets for your tactics The other thing this structure does is It helps to define that price segment moves the markets trading it. So basically what the market's paying out and so The move the distance between two major price map levels is what we call an average price map distance so the market typically is moves in and Either half segments full segments or times two segments and so these validation points Identify that half segment move and you can say you can see that it's a little sloppy today on this one But you can see you know, this is a half segment move. And so when you're putting on a trade That's your absolute minimum target is is a half a PMD move and it's really just taking money off the table target So when you're buying this when you're buying a breakout, you're you're really targeting the upside pivot If not, you're going for this breakout. So you're going to go for 1938 So those are your real targets, but you know, this is it takes some money off the table level to pay for stops when it doesn't work So the market did pay out some it also allowed you to get back in paid out again And now it's at you know, actually, you know, so this would be kind of the third time It's it's testing this level is it going to pay out a third time? Well, you know until the structure is broken, it's not broken So it's not as ideal as this and the ideal situation in this market state is that this Positive momentum would have just continued after this and this would have just started to scale and made a run And that's the and that's what that's what I always look for. So if I'm if I'm here in this moment trading now My expectation is I'm going to get on this ride And I'm and it's just going to go and that's my story I'm sticking to it and until the market tells me otherwise and then here it does here. It tells me. No, we're not going to scale And so this is this is like, okay Well, it's so positive But I need to adjust my tactics because the market isn't in this scale mode And then we do and then this this happens. So this is daily structure So it you know as we talked about, you know as we as you move into the latter part of the session You know that this structure is going to update at 7 p.m. Central Standard Time And so we have to take that into account, too Again, it's just building on the facts. What's what's true? Be getting being aware of the context. So just as you are aware of the context of Market structure you need to be aware of the context of time Okay, so the next next step on our decision matrix is we're defining the opportunity You know if the markets performing to the expectation of the state is holding structure then look to participate in the optimal strategy theme Got it, you know What if the markets performing to the transitional expectation of the state and his breaking structure then look to participate in the head strategy thing? That's what's happening now an ether if ether breaks below the sentiment bias metric That's going to break structure for the hedge theme and it's going to be a situation of a non-event trade So if the market is not performing to the expectation of the state and is not holding transitional structure then no trade Let's say no trade. It's it's more of a non-event trade It you know if absolutely if you get a break and you know if the market Broke structure here then we know that the optimal theme is not true at this point so at this point we know that The bull trend correction is is changing So we can literally take a big X and cross this off when the market does this because if it's really going to correct and go It's not going to get trade above here and it does so we can cross this off the table the market's not doing this It's this theme is no longer true So the market's either going to be in a hedge theme or it's going to be a non-event thing So as long as this market continues to hold this structure and maintains a trade above this metric So what 1873 is And really it should stay above 1877 but this is 1873 is your is that you know kind of it's over the hedge strategy themes in play If it does if it you know if in this situation it rolled lower and traded here It wouldn't signal a resumption of this theme because the market broke structure here But it would tell us that this is no longer true either So you'd have two big X's through this and those two big X's would tell you that that we're having one of those days It's just goes sideways. It's terrible So if you're an options trader, it's a it's a absolute It's a trigger to always look forward to sell premium and if you are interested in trading crypto options Please you know contact me directly and I can connect you with How to do that? But that's that's it's always the same thing the market's either performing the expectation of the state and holding structure I and it's gonna and it's telling you that we're in an optimal theme The optimal structure has been broken and it's telling us that we're in a potential transition And if both those structures break, it's a non-trade event So in this image I added Some more facts. So these are all, you know, it's it's oh, you know, having the best clarity is always the best you know knowing what the truth is so Something I always look at is the previous period high low close and midpoint actually my midpoints Swapped with the close my titles are incorrect here. Well, I'll adjust that when we get to live market The high and the lower definitely correct and this is the closing price. So the What happened today is as the market broke out of the And the sentiment bias and told us that hey this this bull trend correction We're in this head strategy theme. It also made a new move high from yesterday So that's positive. So that's another, you know, that's that's a good thing for this this condition and You know, we are, you know, so here we're we're looking to In this strategy, it's kind of go go big You're looking for at least a two you're looking for a two three APMD move Because we're the expectation is this bull trend could engage The issue for this trade at the moment is that it's not holding good positive structure And we still have good price structure here. It is holding our metric here And it's it's engaged. It just it really hasn't engaged it. So it's still it's an opportunity here and It's definitely an opportunity Above the the closing price, which is actually in alignment here. So this is the closing price This midpoint is actually a little bit down here. So now what do we do? So now we need to execute our tactics and so basically Whatever you like to look at, you know, whatever tactics that you employ to make trading decisions This is your foundation. So, you know, the strategy and you know, the Sun Tzu strategy and tactics, you know This is the this is the strategy foundation that you use your tactics on and by having a strategy foundation that's statistical It's going to give you an edge when you're to with your tactics, you know It's going to give an edge for how you play it how you size manage it how you tweak it And without it, you're blind Without it, you're blind. You don't know, you know, you know, are you, you know, you're running through the forest And all of a sudden the forest stops just into a sheer cliff Or are you running into the forest and it's going to go into an open field Or is it going into a lake? You know and just being able to adjust your tactics To what, you know, what what you want to do And we can we can do that by standardizing our entries within the structure So we want to avoid trading in the middle and we want to stick to trading at structure points We can standardize our trade selection by, you know, what how's the market trading in relationship to the sentiment bias Which defines the structure bias And when I say structure bias You know our expectations if sentiment was way down here Our expectations would be different for this state Because the expectation is if the energy of the market is way below it's telling us that hey This market may have further corrective action involved And if and same with if the sentiment bias was above the market at say at the upside pivot That would also tell us that there's more it's more likely that This trade could Have further corrective action. The fact that it's balanced is was the tell that this this uh bull trend corrective State is potentially coming to an end and we might be transitioning into a positive trend state So we can standardize our size management and this is the key So knowing when to bet big you can't just put all your Trades on at the same size every time you would not succeed doing that It the very minimum you have to split it in two have a one bet two bet thing But you cannot succeed putting everything on at once You have to differentiate between when the odds are in your favor and they're not And if you're playing blackjack, you know, when do you double down you need to do that? You know, otherwise everyone at the table is going to look at you funny. Anyways, if you don't But you have to you have to trade the odds and you have to bet bigger when the odds are in your favor And that's what this is. This is your statistical benchmark baseline. And so when things are in your favor, you trade bigger And you force yourself to trade bigger and when things are Are not in alignment and and you have the strongest opinion and everyone in your brother is telling you to do something If you have to do something just do it small And then we need we can optimize our trade tactics with with with these metrics And that's that's what we'll get into now is how do we optimize our trade tactics? So let's see what's happening in ether. So it worked out So coming in now, um What do we know we know that the Market Let's adjust this first things first I plot these on my by hand and when I tweak out the The range it messes them up and that's what happened there Anyways, it's it's absolutely a good habit to get into to identify You know to give yourselves the very the most basic baseline is knowing You know what the previous session periods are and don't discount this information This is some of the most important stuff That you can have on your chart is just knowing You know the previous days range What where the close is obviously for crypto it's not really a close, but it's you know the last price at UTC 12 am and then the midpoint acts as a good momentum level So you get some you get some good insight to uh Price behavior based on this stuff and if we if we take a look at Just look at that information You'll see what i'm talking about So as the market opens up It's opening, you know, obviously that's the close But what else is going on with the close we got the the previous session midpoint is right there So that's a good momentum level levels up just a little bit. Yeah, sometimes Eyeball it depends how much time I have otherwise I'll uh Get out my fib tool and uh I get the exact point That's pretty much what I use fib tools for now. I don't really uh I'm not subjective indicators Are so low on the totem pole it it uh They can really skew your decision making and it's not as important as most people feel they obviously when things come into alignment. That's great Uh, but you need to stick with the fact foundation. So just looking at what happened here In the markets in a bull turn correction the fact that they are trading above the previous days midpoint is a positive signal Yeah, you know, that's kind of a balance point for the previous session. That's your momentum level and Then the previous days high is your natural target So they worked their way up they attained it and they took it out So that's you know, that's that's a sign of strength Then you have your the figure comes out And you get a squeeze back down to the close That change is still positive And you get your reaction you get a new move high Which fails, you know, so this is classic crypto You know stop and go action make a new move high and fail, but they you know, they stabilized here You know, and now when we You know that stabilized back above the close and now when we add our critical range Well, all of a sudden We get a little different clarity of what's what's happening and when you um when you have the price map and the oops and the playbook You get access to our data file that allows you to integrate with book map. So the The structure comes up right on the Cloud nodes. So I'm going to put our validation points on here So you can come to the download section and get access to it here We also highlight, you know, some of the options strategies that go with the The outrides Okay, so we're at our decision matrix and we know that the head strategy themes in play We also know that Where can that You know, what kind of opportunity is this? So there's one two three a pmd move You know the daily structure is working within the weekly structure. So there's bigger, you know There's bigger time frames at play right now the playbook. We're just focused on the what's happening at the moment But if you're looking at our trade What's our risk here? We're risking, you know, really below the previous day's midpoint Or we can use this metric, you know, what are we looking to make? We're looking to make a at least a two a pmd move. So at least to move up to 1938 area When will that be validated that'll be validated as the market starts trading back above 1893 So right now we're kind of in a ping-pong Between 1893 and 1877 More importantly, we're in the middle and we don't want to execute in the middle The reason we don't in middle meaning that we're When the market's trading within the kind of dark area between structure This is where all the algos live So this is where algos are designed to pick you off left and right And they have big sway of the market within in the middle They have less sway in the market Absolutely a sentiment. They have less sway because this is what this is the price point that the Larger funds are looking at And and that may be and more likely that could be the only price point They're looking at on a daily structure basis Is they're just looking for where's where's sentiment? Because that that what this just told them today is that okay, we've we started to break structure on the daily This you know this pause we may be having a positive shift. We might need to do something So this is where the funds are going to want to participate and come in They don't care about You know this stuff they absolutely they you know with the critical range Yes, they're going to you know as a market if the market starts trading above 1912 Absolutely, you're going to see some interest come in here You're going to see the tick side the clip sizes start to pick up and that's you know, that's what I use the This tool for is to kind of just identify the differential between You know Small smaller traders coming in or larger traders coming in and when the largest traders are coming in On the clip size that helps to identify. Hey, we're in a trend move We had that breakout and the markets ready to move And when that's not occurring it's just it's telling us there's you know a lot of Not not a lot of interest and the market's going to get swayed And this is where the elbows are going to sway you and this is where the funds are going to make a decision And they're going to make a decision here too so tactically You know the market's already given us a bunch of opportunities here We still have you know the expectation would be for Higher so if we dig it up if this break falls through we've got some liquidity here building up around 1880 So a break back down into this area. Absolutely. It's an opportunity You know, that's your story. You're sticking to it until the structure breaks. It hasn't broken You know, is this just a big wind up for the for a move? Maybe the move is not going to happen till after this the we transition to the new state So like it's going to happen overnight Here again, this is where you know, you know, either you're staying up Like I do or you you have an options trade on potentially But here, you know, you know, so now let's just let's take a look at some tactics that we could use With You know with book map, you know, just here's a really basic thing that I like to do I like to see what the view upset So let's just use that as our tactic So what do we know? We know that this the the theme right now is By our breakout. So we're in a breakout situation. The market's kind of, you know, it started to go It's not going to be the perfect breakout. We're getting near the end of the session, but you know, we're still holding structure That's our star. We're sticking to it. So let's use the VWAP as our guide. So that's going to be our trigger So right now, yeah, we're not that interested because we're below the VWAP You know, if the market, you know, continues to digest here and dips lower and the VWAP VWAP comes lower Ideally we're looking for a situation here where the market just kind of slowly comes down here This starts to tighten up and then all of a sudden we get a movement above the VWAP Within our metric boundary because we don't the problem if we start if we do anything right now Is that we it's hard to define our risk Because we know our risk is here and we don't want to risk that much So to to participate so we we know the strategy theme we want to get on we want to get on the the buy our breakout Which is potentially the precursor to a resumption of the bull trend and we know that will we know that'll validate once we get above this structure here The VWAP is coming down. So if you know right now, we're just being patient The market starts to trade back down into this zone here And we and ideally the VWAP comes down here Then we get a trigger the market starts to stabilize we get liquidity to build up beneath the VWAP within the metric That's our gold and that's our our best trade. This is our You know, if we're trading two units or if you if you break your size into units, so you know, uh, your maximum Position is three units. So if it's uh one ether for one unit, then you know the three unit trade is three ethers. So As the market comes back into sentiment here, you know Since the market told us already it's not going to be perfect Because a perfect breakout would just go and we had this so if the market comes back down here, let's put two units on We could stagger our risk below the midpoint and we could also below the metric boundary And then if the market, you know the other so that's one opportunity If it comes into play and we can and whatever to other tactics that you use I'm just I'm using the VWAP as my trigger within structure And I'm going to use liquidity here to give me some insight that I have some support of structure Now if market won't doesn't give me this optimal opportunity and starts to firm up and now let's say we get a trade It starts a trade back above the VWAP here and I start to then that's my positive signal But I really need it to base Above this metric boundary So I need to base it with this metric boundary and guess what? What does that turn into? That's also the previous day's high So there's my there's my validation as well so now You know, I could start to lean into it and with crypto It's nice as you could break these one units up into micro trades, right? So I could do a point Point two five ethers so for every one unit. I could do a quarter of an ether to come in there So I love I do that all the time spread in spread out But we have this You know, what's nice here and the other thing is just everyone in the world is going to come out and say Oh, we're above we're above yesterday's high So the market's trading here. Hey, we're above yesterday's high When we're trading above yesterday's high and you're the end of the period after it's above sentiment And we're potentially shifting into a bull trend That's when you could get that big spike move it at the end of the day or right at the end of the session So We wait The market starts to transition back above the VWAP great if it starts to base above the cr plus Even the ser this lower metric boundary here at 1891 ish Which is in alignment with the previous day's high So we're looking for that basing above the VWAP above here To get into it into at least one unit If not You know a unit and a half If you you don't want what you can't you can never trade bigger Size away from sentiment Sentiment always has to be your biggest trade So if you're going to come here in here at three you could do two here If you're going to come here in here at two you can do one here It doesn't mean that you can't break that one into three three targets. So I've got my You know here's a half a PMD move a full a PMD move and then this would be a you know full two a PMD move There's our you know, there's kind of our one two three targets For that opportunity if we if we firm up from here So it's real straightforward. If then do this Take your tactics And use the microstructure the microstructure is what you use to get into the the opportunity So this is the baseline foundation And this is when you when you're executing you're using the microstructure and you're taking, you know, this The size management and clip sizes will give you insight to When the funds are coming in and that things are really ready to go We could absolutely just Peter sideways and do nothing here and then structure is going to reset And so then, you know, what's this how did the state change, you know, that that's kind of the the next question Where's the sentiment? How did that shift? And so that's what we're using in the coming session But but basically you can use this, you know, kind of as a flow into each Transition from one state to the next and for right now it's telling us there could be an opportunity So there's still time left plenty time left. That's the That's this current setup Main thing is keeping a fact focus, you know, you know, whenever you Have doubt, whatever you get too excited And I use getting to, you know, I use like getting too excited as a trigger all the time, you know, if I'm in a trade And all of a sudden it just my it just profit spikes on me and I'm just like, whoa, you know, this is going to be my month And You know, it's kind of a Tell that I need to tighten up my risk I need to tighten up my profit give back or I need to take something off immediately Typically, that's usually the best thing to do Typically, it's just lighten up, you know, a lot of times just lighten up immediately because things are just, you know, especially the very slight break in structure To do that because your emotions are what everyone else is thinking the same And and then the market's going to have to take that away. So, you know, keeping a fact focus is is important And that's that's your baseline always go back to the facts You're getting nervous. Your stop's going to get it. We'll go back to the facts Were you above the previous session midpoint And yours and your lawn Great, the market's holding it, the market's showing positive it's showing that it's positive If it's down below the midpoint, well, then hey, you might be vulnerable to a break back to the yesterday's lows So, you know, what do you want to do? You know, and so just but oh, you know, anytime you get an emotional feeling you just Suckle back to what's the fact foundation? so feel free to email me directly You can follow me on twitter do some posts you can also go to our website and Sign up for the playbook And if you and then we we can also get you connected to the integrations with with book map as well we do have a live trade room We use it for teaching and training and also kind of a longer term outlook. We've got one for Spot and perpetuals and one for options trading so i'm glad we appreciate you, you know being here with me live and uh taking a look at this, uh video as well and you know Thank you book map for uh hosting this and i look forward to uh Seeing you on the trade floor Enjoy your day. Good luck