 All right here we go. All right testing testing everyone hear me, okay? It started in our presentation all right Well, welcome everyone to the six part of our series We're going to go into it for achieving peak performance. No one to execute I'm John Slazos from Dharma Capital Trading been trading for over 35 years Focused on crypto since I know it started in 2013, but really kind of full-time in 2017 I'm really a futures trader former floor member of the mercantile exchange and I've had a analytics business Since the 1980s So we basically providing traders professional traders and institutions with fact-based trading solutions And so this part of this series goes into our method of how we break things down and today is We're going to get into the microstructure You know when we need to execute time to get things done. And so that's what we're going to get into Wanted to go through a little disclosure Can read through this, you know everything that we're going over here is educational So we're not making any specific recommendations to do anything and if you You are trading the markets. We definitely want to be using risk capital So it helps with your clarity of thought to get things done to be successful When you don't have to worry about Trading your money and you can trade what the market is telling you and you can participate in those opportunities And at Dharma Capital Trading, you know coming from the trading floor, you know, I'm a big fan of intuitive function It's what this is all about and helping traders improve and that's what we look to do is, you know Really create a positive impact help you to achieve your full potential And the way we do that is we empower you with our fact-based solutions and this is going to enhance your self-awareness Which is going to improve your decision-making in the moment and You know basically, you know helps you to attain that state of flow You know when you're in the moment, and you're just doing and not thinking You know to do that you really need a good fact foundation To get you into flow and to help you stay there and get you back into flow when you fall out of it And so that's what everything that we're all about To provide you with the trader with So we've gone through on our trader development program and this is something that we offer to traders If you're interested you can take you through, you know And customize it for yourself really personalize it, but in our previous series We've gone through know yourself and if you come to our website where you can take a personality assessment to get a little more clarity on You know what attributes and traits that you have that How they affect your trading the ones that do help and the ones that you need to monitors because they could hurt you knowing your enemy the With the large funds and the HFTs, you know, that's basically who you're training. It's the pros and You need to respect the fact that you do have these significant professionals that are out there on this playing field Know what the battlefield is, you know, what is the context, you know We trending non-trending as if we are trending is it a corrective part of that trend or we're accelerating and You know, we really need to understand the battlefield that we're on so we can adjust our tactics and because we're on that Specific battlefield, you know, what's the strategy? What's gonna work best? You know, if it's positive trend, you know buy breaks, you know, that's gonna be the best strategy Buying breakouts is not as good, but it's definitely an alignment with the trending strategy Momentum shifts are good You know, and we know the optimal tactics, you know, we you know executing breakouts We're looking for exhaustive reversals. We fading into momentum You know, what tactics do we have in our quiver that we want to apply to the With the strategy themes that are in play based on the battlefield and and where these major market participants are gonna be Entering the market or looking to take money from us and today we're getting into know when to strike, you know When do we execute? You know, so this is all about timing, you know, when are we gonna get into? We've identified where we want to enter, but when is the optimal time to do that? so that's what we're gonna talk about today and To do that, we're gonna shift, you know, we kind of transitioned from this macro picture Mac understanding that, you know, the kind of big picture Then into the microstructure because the microstructure is where they're gonna help us, you know Tell us what's happening in the moment and when we want to execute and so the order book dynamics are gonna provide this key intelligence for optimizing our tactics and By doing that, they're gonna make those tactics more effective and so You know really having that foundation to play with of what's the market structure bias, you know What are what is that macro picture and we want to align our tactics with those conditions in the way? We approach the markets really didn't if then statement, you know, if we're in a specific state And we have a specific structure Then we're gonna execute specific strategy themes and then when we are at those strategy strategy themes and things are in play It's time to execute. We're gonna go to the The order book and we're gonna do that once we attain our metric boundaries, you know So when you do identify these key structure points, you have to understand, you know, that that you know if you identify You know Even as your number and that's your figure, you know There's a metric boundary surrounding that and you need to understand that and Understand in the context of what how you're trading them price point And if you're trading a trend and it's a positive trend Well, you're gonna look to participate in front of that price point in the opposite if you're a negative trend You know, so there's this these boundaries that surround these Potential shifts and momentum and this is something that our analytics do But if you're not getting our your analytics from us, then it's something you need to do for yourself and so this is in this is all what it's all about is just improving your timing to You can point those opportunities within that market structure framework Using the dynamics of the order book. I love this quote from Sun Tzu about timing, you know He will win who knows when to fight and when not to fight, you know, and this is goes back to Identifying the bigger picture of the market Isolating the you know where you want to act And that's what that's what we're gonna get into today and some practical application is you know identifying the big the big picture We're gonna identify where the momentum shifts. We know, you know, we don't want to just you know, we want to participate in the market at these key inflection points and we're going to use the The microstructure dynamics to optimize that so really, you know being patient Waiting to strike and then letting the market tell us when we want to do that And so there are few key things that I like to look at on the microstructure In the you know real-time events, you know the areas of the intensity of trade Resting paper and balance in the order book liquidity shifts and large lot orders You know, and we can use these tools for you know Optimizing our timing and our execution So liquidity shifts Resting paper large lot orders in balance and intensity of trade and so what I'm going to do is I'm going to go through each of these and then we're going to go do some practical application with our tools and as well as the heat book map heat map to Identify the how the you know some real-time shifts and what's happening currently in the marketplace All right, so we're going to talk about liquidity shifts. So This is one of my favorite pieces of the microstructures because you know, I know where I want to Participate and I'm waiting for the liquidity shifts. They're going to tell me when I want to do it And they're going to give me that insight. It's you know, it's time to go now When can you press it? You know, when can you hit that? You know, you have your position or you're looking to initiate a position You know, I really believe that You know Getting involved in the market if you want to be a buyer be a buyer if you want to be a seller be a seller and Then how do you press it? How do you leverage that up? And with and Wendy when when is the right moments to do that and liquidity shifts are going to help to tell you when you want to You know put your leverage on So things, you know, they signal significant changes in volume at specific price point This is going to improve your timing by indicating that the conditions are evolving in the order book Here's our this is our price map so this is our structure these are our inflection points We want to participate. These are the structure points plotted on a chart and These the shading is our metric boundaries. And so we identify. Okay. The market is trading here So we know we know that, you know Breaking down this Analysis the market had a head fake to the downside It's transitioning through a significant momentum level It validated through that Got a pullback and now we're here and so Is the market going to fall through an extend or are we going to fall back into more of a digestive trade? And that's the decision that the market is going looking to make and so we can use the liquidity shifts to help us and so Here's the situation where you had liquidity rusting paper below the market and Then as the market made its move up and it starts to stabilize and now we're shifting here Now we see this liquidity started to shift up And so this is you know when you get when you get these liquidity shifts above your structure point It's a sign of Opportunity because the market's telling you that the liquidity that was in the market is now wants to move higher and So that's a it's a great indicator to look for and we'll we'll get into a live picture of this Shortly and we'll look to identify these but this is you know Basically, it's when you identify you're able to identify liquidity in the marketplace and then you see that liquidity shift up at a metric point other parts of the book a rusting paper and so when with in the crypto markets It's you know with with so many exchanges and you know over a decentralized marketplace It's it can be a little deceiving and it's more centralized exchanges That resting paper is is more likely going to be a little more sticky You know so Resting paper has you know the persistence of how long it's been in the marketplace is important So if you have a big order and you're able to identify that liquidity in the marketplace How long has it been sitting there? You know, that's that's a one major point And then the next thing is it in alignment with structure? So if you have if you've identified your structure of the market Is that in alignment with it? And that's it. That's it. That's a key a key point. So how long has it been there and is it in alignment with structure? And if so then we we there's something to look at So identifying in the same example, you know, if you're getting liquidity building up at the top of a metric and Then you have also you've got liquidity. It's building up, you know, just above a metric here You know, that gives you some insight to okay. Yeah, there's there's resting paper below my structure This could help with stop placement So if I know my met my numbers here, I've identified my boundary, but now I see liquidity building up below it Instead of saying, okay, the market feels here. I want to get out. Well, I know that's resting paper You know, I'm going to be below that and same with this if if the market you get this liquidity shift and now This is actually an order and balance here would there's not a lot of quity. So you could have a quick movement This helps to identify. Okay. Well instead of looking to cover my position here I've got resting paper up here I can lean on so more likely if this market does start to shift it could just, you know Really make a quick move up to the upper band of my metric and so that kind of this helps me to identify We know where do I want to, you know, maybe take some of my position off or work my trade or you know Or completely exit, you know, so that it's a great way to, you know Use resting paper for your stop placement as well as you know, where can that go? You know, if you identify this is your level, you know more times than not, you know When you know absolutely sometimes you're going to hit it But a lot of times, you know, it's going to fall it's going to fall short of your level or it's going to Blow right through it and then stall out and this is a way to optimize your trading where you The resting paper can help you really pinpoint Where you can expect to see that pause and momentum Here's another example of a liquidity shift where you have a lot of liquidity below the market And then you have the, you know, that liquidity all of a sudden here shifts up And it's telling us okay, you know, we're getting the Markets ready to go And we have a lot of the resting paper below the market So we have this support, you know below the market as well So it's kind of, you know, it's it's this is a good picture of a Potential positive transition where you have resting paper that's been persisting So this is this is a better, you know, buy zone But you've got this support below the market With liquidity that's persisting And then you get some of this liquidity that's starting to get anxious as the market's moving up and it says, okay We're going to start buying this stuff and you get your liquidity shift And this is all about, you know, this is where these are your timing indicators Large lots, you know, this is this is an interesting Tool from bookmap That allows you to see, you know, individual orders in the order book and and that represents significant part of that order book and The the one thing If you don't have this indicator And you're seeing a bunch of liquidity at a certain price point You might think it's there where if it's just one individual That that order could, you know, disappear really quick, you know So when you when you we're looking for those liquidity and the resting paper You want to, you know, be sure that if you're going to lean on it that you've got some some participants in there But if it's just one person Uh, those decisions can be changed pretty quickly and and a lot of times they're game There's a lot of games being played as well with those big orders That they're they're flipping them around but um, it's something to consider What's interesting is if they're getting filled So when if you do see these a lot of a lot of orders come in And how is that absorbed in the marketplace? If it does if it gets hit And then observing if this individual continues to come back With some decent size in the order book, you know, that someone's trying to get something done And and that's and so understanding how that order gets absorbed is um It's going to have an impact On on momentum. So it's something to uh, it's you know, again, it's just all fact-based information We're just improving our awareness of what's happening in the in the order book And so this is a picture of you know, the large lot indicator where it gives you this, uh You know white hash but it shows you represents, you know individual orders in in the book And um, and then we can see it on the heat map here where the liquidity is coming in But we know that you know a bulk of this liquidity is fleeting So we have to be you know concerned about it versus you know when we have You know a bunch of liquidity down here with that's been persisting, you know, this is a little different You know, so if we're looking at uh, the market breaking here You know actually have a liquidity shift But let's say that this the market eats through this liquidity and we get a flip in the in the the shift in liquidity And we're in the market's getting pressed I'm more likely than not, um, you know this this resting paper here Based on this one Individual that might get pulled So if we're looking, you know, where's the bigger base the bigger base is down here Where we've got, you know more participants imbalances another great, uh Thing to look at in the order book, you know, it refers to gaps in liquidity You know, and then when these gaps are aligned with market structure really helps to confirm the opportunities to to to take advantage of a dynamic move and I like to look at these, you know, when you get gaps between structure points So you get this order imbalance where you have this, you know dark passion That's a beautiful the beautiful thing about book map is that you can really see these areas pop up And so that's when you get these fast movements through the order book And it's it's it's a good time, you know, you can Place your resting orders around them. So you can you know, this can be really helpful when you have those really fast movements Uh, especially when you get an imbalance into structure So you have this, you know, you know this imbalance in coming into some structure point You know understanding that that we could have that one of those, you know kind of super fast movement before the order book adjusts and you know You can take, you know You get get some nice fills to to work up trade and then and then also in the order book starts to fill back in and And you know where the market pulls back and so that'll happen a lot But you see these nice order imbalances, you know, those can also be good initiations for a big momentum move So you see your momentum building up and then, you know, if we if we take that Take that liquidity out And there's a big imbalance, you know, it can spark a decent In a trend move in a different direction or accelerating a current trend as well intensity of trade is another great, uh You know microstructure occurrence, uh, it really just Helps to identify, you know heightened activity and volume, you know, so this can confirm momentum shifts I'm for breakout trades. It can it can also Give good insight to exhaustion Where the mark, you know market just, uh, you know has intensity of trade into structure and then uh, then the additional Presses into that structure have less intensity of trade. It gives some good insight to fading. You know move So this is where your timing comes in, you know, you have your price point and You in the markets, you know charging into your Your area that you want to enter um You know waiting for Some of that liquidity to exhaust, you know, how much is there and it kind of gives you a good sense of You know, what can can this area that you've identified the structure point? Absorb that liquidity that's coming in and you'll see and you'll see that Uh, and it's it's a great tool to use I like I like the Especially for crypto, which is a pretty emotional and behavioral market Looking for these, you know exhaustive volume spikes at structure You know if the market if I've Identifying a structure point and you get this, you know big liquidity boost, but it's occurring at structure It's just telling you that uh, you know people who don't aren't aware of the structure or just are getting out of their trades and And you know that they're it's really Validating that hey, there's uh This is a good structure point versus if the mark if you're getting that liquidity through it. It's a little different um And then You know in this, you know, and when you do see an exhaust a big You know volume dot um And it goes through the market and the market doesn't follow through Uh, you know, this is just a validation of an exhaustion, you know, and these are great trades, uh You know Even whatever your point is it gets blown out and you have this huge volume dot and then immediately the market doesn't fall through It's a good time to jump back right back in. Um And then use that that kind of that peak point is your your stop or you're getting a big liquidity surge into structure Into resting paper um That's another you know good opportunity, uh for the intensity of trade Now here's another example. These are kind of like dots, but you know, you've got dots here dots here dots here Dots here dots here and we're coming into a structure point and we're coming into Resting paper that's been persisting. So you have this intensity of trade that, you know Coming into the structure And then the market backs off And it starts to heat up again, but you are not getting the same intensity of trade And so this is a lot of times. This is how you get the um, uh, is it a really good tell That the market is exhausting that structure you've identified the structure point The market had good intensity of trade coming into it and then you get those repeated tests But those but then you're not getting the same intensity of trade on the repeated test And so that's typically a good tell and a lot of times this repeated test will even make a new high Um, you know, maybe not by much And then if you do have resting paper and it stalls below that, uh, you know that a lot of times You know that can be a a great tell for a turning point That's how I like to use the The intensity of trade It's so uh, so let's get into some practical application And I'm going to use a couple different tools and one of the tools I'm going to use is uh, our integration our cloud notes integration with uh, with book map As long as well as our our playbook, so let's uh Let me pull up the playbook So taking you through the you know from top to bottom For an opportunity Practical application. We're always going to start big going to start macro And we're going to go small to the you know to where we are now we're executing So we're going to take a look at ether. This is our you know our grid Which basically breaks down the the macro structure of the market. So here we're looking at ether the perpetual Markets in a a bull trend and structure wise We've got the Our sentiment bias is above the market So this is more of a Corrective situation. So market is you know, again, just improving your awareness positive trends but Since sentiments above the market It's giving us a potential You know corrective situation where we might have you know, this is the part of the bull trend We're and we might we're in this you know potentially this corrective situation and so What strategy themes are are key today on in the uh In this state and structure You know bull trend state with sentiment above the market You know, we are looking to participate at the kind of the lower trough so this 1794 area Down here is a good buy area Because you know, we're that's kind of the low end of this underlying bull trend Bull trends make higher move lows higher move highs And that's what we're we want to jump back on that train. And so that's this is this area down here is the The key structure point. So this this kind of just shows you the expectation Other thing that's interesting, you know, when can this bull trend really engage looking at engage when it gets back above sentiment So that's another You know kind of optimal strategy where the market starts to trade back above this structure point We know we want to participate there Let me remove some of these uh minor structure points And So this is a midpoint which would come in, you know, kind of here So we know we've identified these are the key main structure points for this underlying bull trend Markets corrective below this point. So basically we're fading momentum into here until we're proven wrong You know, basically this market's in a Bull trend but corrective below this price point And then if the market does fail from this point, you know, that's where we can um See some acceleration to the downside. So that's the big picture. That's the battlefield, you know, that's and so now You know, sometimes we get these You know these major shift opportunities and a lot of times we don't The market doesn't always give us the best opportunities, but these are the best opportunities So what do we have going for us today? We want, you know, is there something to do? So let's take a look at the, you know, we've got a little minor structure here um What happened today, you know, just it's always good to As you're teeing up, you know coming into your trading session, you know, what did the market do before I got here? You know, what's been the for this whole time frame if you're looking at a daily time frame weekly monthly, whatever it is Look at that complete time frame to identify You know, you get get kind of in sync with the market the market's always telling you what it wants to do So what do we know? You know, the foundation is bull trend. We know where it's corrective because we're below, you know, we're below sentiment and No, real it hasn't really done a lot it the market's been kind of turning sideways It's turning below the, you know, the directional is kind of the midpoint between these two areas So, you know, kind of above here it leans to apply to the up upside pivot Which is, you know, the the top point here and the and the bottom point of this critical range is the downside pivot So we Rotate around the midpoint and we had this by breakout situation market charged higher And that that breakout stalled out um below the uh The upside pivot is that it, you know, are we going to make another push into that area? Is this bull trend gonna is is are we done? It couldn't break Down here. Is it that strong? Is it really going to go? Um, what time of the day is it, you know, it's You know, right now in chicago Central standard time. It's 12 34. So we're already starting. We're already kind of through the day Is the marketing away till tomorrow to do something? You know, these are all macro picture, you know structure things and so now we're now, you know Is there something to do here? So let's take a look at, um Um What's happening here in the microstructure? So I'm going to move this out of the way now Let me uh pull this over here Give me a little overview of what we got going here. So we've got With book map we can do a couple different things especially with crypto. We can look at individual order books. So what I what I've got here is we're looking at Coinbase pro We are looking at cracking and then this is a multi-book with bit stamp bit for next coinbase pro and cracking. So this is a You know a combined order book and I primarily use the combined order bit book for liquidity shifts because I want to see where all the You know where every every each exchange Uh is coming from so I like to see liquidity shifts right now. You know, what what are we looking at? We're looking at that potential Pull this back over here Is this breakout theme going to continue so the market has been building higher, you know, basically after it doubled bottom tier And we broke out of this market structure Pull it up a little bit We had this breakout we pulled back to structure and now we're starting to stabilize. Are we going to make a press into this area? We've got these two, you know, so we're looking at price structure. Here's our price structure lows We're looking at market structure metrics. We've got A metric coming here at 1854 and now if we look at the order book You know, what do we have going on? Well, we can see get the full picture here So we can see, you know, here's liquidity kind of building up. Um, as it's and if You know, basically here's our figure And this is the multi book And here's our metrics So, you know, we like to you know, and here you've got some decent you've got this Size trading down here and here's a large lot order. So you still it's not taking up the bulk of that liquidity So what we you know, absolutely the order book is bid It's it's starting to be you know a bit above our figure Seeing this liquidity shift up Is a good would be a good trigger that would be a good liquidity shift that would give us insight that hey We can make a play for here. We do have you know, we don't have a lot This is don't have a lot of resting paper here It's not so much an order and balance whereas this would be more of an order and balance where it gets really dark Um, but this has given us insight is we can see you know, kind of moving through structure And that the market can go bid above this metric, you know, that's kind of a fresh, you know Hey, we're going to make a move Into this area Up here and we're going to get that follow through now We are an underlying bull trend for this state, but it's corrective And so and the fact that we had these corrective moves You know just on a macro basis, you know more likely we're going to see the market exhaust here At this major inflection point up here at 1874 You know 1876 1877 this area So now, you know, this is so let's take a look at the um So we're looking for this liquidity shift that we're looking and it's starting to move up You can see this liquidity starting to move up and it's moving up to the bottom of this metric, which is great So this is you know, you've got your alignment with price You got alignment with your metric and now you're getting liquidity shift to to happen here So let's take a look at the uh The individual uh order books to see if that what additional insight we can get through those So i'm going to change these um Volume dots 250 Takes a lot all the way Yeah, one thing about the markets, they don't always do what you want them to do You know, so this you know this opportunity and you know anything, you know This is a minor structure point. So it's not as interesting To be trading here, but it is a structure point and we do have some decent alignment. So there is Something happening here So let's just take a look at this, you know, if there's anything going on in these two order books specifically Uh around this structure point because we know that this is an important area And we're not getting a lot. So, you know, basically, you know the the momentum starting to shift and there is, you know, until we get Some interest in protecting this structure Uh, there could be um, you know, we're gonna stick with momentum and that's our story You know, we're sticking to it. We you know here in this order book too. You've got the liquidity building up You can see there's Kind of just a major participant in the kraken order book, but that's keen off that same area Here's a uh another way to use your um intensity of trade I like these situations where you know markets basing here. You got this point It's trying to you know hold above this metric You know, you had that you had that breakout surge pulled back and now are we going to base above here? You know for a run And you get at this point here You're getting this, uh, you know kind of Excitement and then that excitement doesn't fall through and the market continues to base and then you get the kind of liquidity shift up This these are always good tells Uh, for kind of head head fake tells where you get this intensity of trade Happens, you know, you know right just under structure And it holds, you know, so the bigger the dot the better and this one, um Just kind of signal that are we going to follow through or not This is similar to these by you know, this intensity of trade is good on this breakout because it's you know, it's happening above the figure And then when you get this selling here You're you're breaking back to the top of the metric. So the typically if market breaks out of structure It's going you typically will pull back to structure before it it really goes and so this is uh You know having exhaustives, you know, this isn't such a good example, but you know having you know Some of these buyers bailing Uh, but you're bailing right in front of your figure, you know, it's uh It's a buy opportunity, you know, basically as long as this market's above 1837 they did 38 here Uh, it's all good With expectation, we're going to you know come into this metric zone Yeah, not a not a lot happening today, uh other than this, you know, kind of this shift that we're in currently so, um Not as good of example, but we're always looking for You know, it's it's interesting thing is to compare order books. You can see different Different areas of you know, you like here you've got some resting paper that's starting to you know build up um Nothing happening here as well. So if you know, the positive momentum starts to get going Uh, especially since it's near the end of the day and this is important So the end so the daily structure is going to shift at the end of the you know sooner You need you want to take that into account. So if we continue to just kind of Hold at these levels and and maybe grind higher and and maybe near the end of the period. We're starting to trade back up here um What's you know, what more likely will happen is uh, we're going to see sentiment shift lower potentially and put the market back in more of a dynamic situation for the bull trend where we could come in Uh Tomorrow with sentiment, you know kind of in the midpoint in the market really being on the fence for you know to potentially Hey, we're going to really get back on the bull trend or we're going to have a new acceleration to the downside So it's always important to take into consideration time um You know, you're always going from the macro and into the micro but you also have these time phases for the trade period I'd like to look at clip sizes as well on the microstructure. So you could you know, this is you know kind Seeing you can adjust these sizes as well. What you're you know, the minimum size that you want to see Uh, you know, what if the market's been I like to look at a lot of different things, but the um The bigger clip sizes when the market is making a move or it starts to you know, the clip sizes start to pick up You know, especially the clip sizes are picking up and the market is starting to move above structure And we've got a liquidity shift happening and we have an imbalance to the next structure area You know, those are kind of optimal things to look for Uh, when the market's kind of teeing up for an opportunity You know, we know, uh, well, you know big picture. What do we know? Well, we know that the when the market breaks out one structure major structure point likes to go to the next one Okay, we're kind of in the midpoint of that. So we haven't really achieved it all the way You know Do we what are we waiting for? You know, this is kind of you know, it's right now the market's kind of stalled Well, we're starting to get Interesting information where the order books starting to shift getting liquidity shift We had did have a lot of intensity of trade going on here and now it's starting to back off Are we going to start to see these clip sizes pick up? If so, you know, now we're starting to you know, get some, you know interest on you know, kind of defending This structure point, but where is it? It's you know, it's kind of above the figure You know, so if we do get involved in this market and we're starting to buy this market Because we've seen this liquidity shifts is starting to hold above this metric now we start to press it More likely than not we're we're going to anticipate this market's going to you know, kind of push through This figure and maybe you know, get up to the higher figure, you know, especially since it's defending here with You know, just single individuals So that yeah, this you know, the book map is an invaluable tool um It's being able to see the multi books Being able to see the individual exchange order books To get different perspectives You know, you're watching a behavioral activity You know, so you get these the buyers are you know, the market It started to move From here And you're getting these buyers coming in here Are they get are they puking out of Sales, you know, it's all you know, just reading the emotion of the market. What's that? You know, what are people doing? And then you know this kind of sale here When it's pulling back back to the structure is something You're getting some activity that's more of a turn But what is you know, how you know using the Uh Micro structure to help anticipate what is going to happen on the bigger bigger playing field so if you're interested in Getting involved with our cloud notes You can you know reach out to us at our website We also you can get involved with our playbook that I showed you on the for the macro structure and we have a We also publish a Long-term outlook every day, you know kind of just following longer term structure and our virtual trade floor that we kind of keep that updated So you can check out all of our different tools at uh dharma capital dot trade You know, we're like I mentioned. We're all about fact-based trading solutions So helping you stay in the moment Get into flow and stay into flow You know, this is a proof. You know, this method is proven you know Daniel commons book thinking fast and slow, you know His quote, you know the outside view offers a more accurate prediction than the inside view What that basically is saying is that you know, statistics, you know, the statistical view the objective view is more accurate than your subjective opinions You know, even you even when you get it, you know, when you really get into flow You do you still have some, you know, heuristic biases that are going to affect your flow and they and they'll actually They'll kick you out of it and when you and when you find it's easier to get into that state of flow It's because your opinion gets in alignment with the facts, you know, and then a lot of times when that that You get shaken out of it When you start second guessing yourself Because some of your your biases aren't matching up in the moment, you know And so understanding that and having a fact-based approach where everything is based on objective Then it um, you're always in that moment, you know It makes it easier to be in that moment and then then you also have this benchmark, you know So the statistics what's more likely to occur You have that as your foundation. You know, so that's your benchmark. So, you know in ether today, you know, it's a bull trend But it's a corrective bull trend because sentiments above the market. So you have that benchmark What's what's a market typically doing those situations? Well, you know the bull trend tries to keep to you know revive itself And you know it can you know, and that's what it did today It's kind of stabilizing the morning said, okay. Well, let's go test sentiment. Let's go Let's go test the sentiment area and that's what they're doing now And more likely, you know, they'll test that and then if they can't take it out And they can't shift, you know, we could come back into tomorrow with okay Well, we're are we still corrective or we are we are we really turning out of this, you know In the markets, you know, just getting into that ebb and flow To take advantage of it and that's what it you know, it's all about So if you haven't seen the other parts of the series, I recommend you go through it You know, it's basically that's your decision matrix. You just you know start from with yourself Understand who you're dealing who you're trading against Get really understand the the macro structure On you know, based on that macro structure, what are the optimal, you know Themes and strategy themes that you want to be getting involved with what tactics do you have That you can use to participate in those themes and then when you want to execute those You want to, you know, take advantage of these order book events and book maps the best tool to do that with So if you You want to come in If you're not on with book map, I recommend that you get on with it and then Incorporating some structure in that with our notes Is a great way to go to get you started And to get that clarity so by the visit dharmic capital dot trade You can reach out to me directly through my email And um, I look forward to working with you guys Enjoy your day