 Testing one two testing testing one two testing one two Hello everyone I'm John Slazos from Dharma Capital Trading and today we're going to do a I don't know live practical application. We've got some good movement going on in crypto You know Dharma Capital is a firm I started out of J.S. Services, which I started J.S. Services and in the 1980s on the floor of the mercantile exchange and It's kind of grown from there And you know we've kind of stuck with the same program of just focusing on facts. You know, he's been a fact-based trader Really into intuitive function. I think you know having when traders have too much subjectivity It causes too many problems So you lose focus of the moment and and that's where the money's at You know being focused in the moment and getting in sync with what the truth is and that's what all of our trading solutions do You know before I get started I just want to say that you know everything that we're presenting today is for educational purposes only and if you are Putting capital at risk make sure it's capital that you can't risk So when I talk about fact-based trading, you know making decisions based on objective data and analysis rather than subjective emotions or opinions And I'm going to get into some of our tools But you know this is something Quote that I really like from Talib the black swan, you know the illusion of validity, you know everything makes sense in hindsight The illusion that we understand the past fosters our overconfidence in our ability to predict the future You know and this is a real problem You know the for new traders, especially, you know, it's the simplicity of the by-law of sell high proposition You know it creates the illusion that trading is easy And then this is supported with technical analysis tools which clearly explain everything in hindsight and how to achieve trading success Which is not true, you know in consequence traders become disillusioned, you know They always continue to search for new ideas, you know, and their performance suffers They're frustrated. They are inconsistent, you know, and they you know either their accounts blowing up or they just can't make a decision You know focusing on facts statistics, you know Paul meal who is You know behavioral Economist and statistician, you know Basically, and you his research suggests that to maximize predictive accuracy final decisions to be left to formulas especially in low validity environments like markets, you know, it doesn't mean that Intuition doesn't play a factor, but you have to have that statistical baseline And that's really what it's all about, you know having this statistical foundation This outside view is a benchmark for your you know for your opinions It's hard not to have an opinions or you know have that subjective bias, but you need a reality check You need some a fact-based solution a quantitative result That's independent of any subjective bias and and this really gives you that benchmark that baseline And the result is traders who have a baseline they can focus on the facts and market truths less thinking less fearing No, hoping or trying, you know more knowing what to do self-trust Confidence and doing it, you know the result is a more effective consistently applied sustainable approach And that's what it's all about And that's what we're gonna show you today, you know to have you know Our solutions are having a statistical outside view to assist traders in making informed decisions of what's more likely to occur So I'm just gonna get right into the tools that I use to trade and that we provide to you know Professional traders and aspiring traders, you know, I really you know We're all in the same boat. We're all students of the market markets are you know constantly changing in evolve evolving, you know, it's Just a constant newness, you know, they say, you know, you know markets don't repeat themselves, but they rhyme you know, so they're you know, behaviorals behaviors and human beings are pretty consistent and You know, what we have is kind of a framework to to standardize, you know, a lot of that activity and be able to view that within the marketplace and I know a lot of you are book map users and I'm a huge fan been a huge fan for some time now and It's you know, it is a fantastic tool of what's happening at the moment and you know, I'm sure a lot of traders that you've Listened to have you know a top-down approach, you know looking at the big picture first and and absolutely That's my approach as well You know and with the big picture meaning, you know really coming in and focusing on the facts and You know one simple fact that that a lot of people, you know, don't pay enough attention to is Just you know a timeframe structure, you know, what is the? previous high low close For the previous session or time period whatever time period that you're interested in or you're you know You're basing your trading decisions on, you know, what what is that time for it? You know, what's the previous session? You know the people that are managing funds What are they doing? They're they're benchmarking themselves to their performance on on the closing price of the previous month or previous quarter or previous year And so these these become very significant points, you know in this in this chart here, you know This is a you know a good example of that You know, we've got Let me adjust that here You know here's the start of the session Today so we're looking at ether here the perpetual on Binance and We've got a market that you know It makes it low off the at the end of the period Yesterday is the you know, I'm basically looking at daily structure And market doesn't really have a close in crypto, but you know, everyone is basically standardized that to UTC time so when UTC, you know, that's kind of the start and end of A crypto daily time frame That's been kind of accepted in the community And what's the real close in bitcoin or ether, you know, you've got you know You've got closes on multiple exchanges. So that's a little bit up in there but if you just stay focused on the you know the exchange or or Your if you have a combined Data feed, you know and just staying consistent with that that can you know give you some insight And so the close is a great little moment, you know, everyone's you know, isn't what's the net change for the day? Everyone's looking at that, you know, so that's an important figure Let me add the Horizontal line here to vertical and I mean And everyone's not trading that you know for me. I'm in Chicago. So this is like 7 p.m. My time Central standard time. So wherever you are in the world Uh, you may or may not be on the market at that time But you need to know that price point you need to know what the previous close is What's that net change from that time period? It's a big number and we you know, just looking at this You know bigger structure on on what's happening for the session, you know, the market reacted off this previous close area You know, it's kind of a simple rotational number. Hey, you're up on the day. You're down on the day Those those are facts. That's what we're talking about understanding what truths are Well, the other part is, you know, what was that range yesterday? Well, we've got our previous high For the session and the previous low and those are just natural Boundaries, you know, if you're below the previous day's low point, the market's weaker Bottom line you're above it if you're above the previous high, it's it's more it's stronger And those are great facts and we you should identify What that structure is what that time frame structure is Because if you're getting a if you're Not focused on that you don't see that, you know, you end up in the you're in the tree He's not seen what the forest is and you're getting a a sell signal in the markets above the previous day's high point You need to have some sense of what the value of that signal is And if you're if you're selling the market above the previous day's high You're fading momentum and you need to know that you need to know that the odds aren't with you It doesn't mean you won't make money But it means you're holding hot potato And it's better to be in alignment with structure than against it And you can see this simple structure how it worked well today Market rotated above the close midpoint is a good momentum number between the previous day's high and low It just kind of gives you a gauge of what's the bias And so that area, you know, so then what happens here is, you know, you've got the previous close, which is Everyone's looking at that right Or net what's the net change So below with when the net change turns negative that's going to light up on everyone's screens And then here you have the midpoint, which is more of a rotational number from the previous day's high and low So it's a momentum area So as the markets was consistently Higher on the day, that's generally positive and now you've got the market is looking to base above the midpoint So this whole range becomes really a kind of a positive Zone that hey if the market's good, it should it's going to be basing within this area Which it did And and where can it go if it if it's starting if it's holding positive structure Well, we could retest the previous day's high point, which is what we did today So just just a simple fact base solution Baseline structure For any however you're looking at the market, whatever your you know, your subjective tools that you use You know, this is a real basic simple thing that you you need to be aware of And not only for the day, you know, you need to be aware of the the other time frame price structures as well So for us, we have our own proprietary analytics and we take it a step further so the the time frame structure gives us good insight and Then what we also do is we have what we call our sentiment bias And this is a over under number So this gives us you know above this price. We're buying breaks below this price. We're selling rallies, you know, it's the line in the sand for the time frame and this is a this is a daily Market structure time frame. So we also have a sentiment bias for the week or the month for the quarter of the year And so this is our daily sentiment bias. And so when you when we include that sentiment bias within this This structure it gives us additional insight So we have a market that opens up below sentiment You know, so you got a little conflict here because you know, you're above the closure a little positive But you're below sentiment You know, and then the market makes a move above the midpoint. Well, hey, that's positive So everything's kind of in line on the positive section and and now it's like, okay How do I get involved and trade this market? Well, this is where the market structure comes in This is where you get, you know, how do I define my trade? Where do we define my risk? And that's what these boundaries do. So we know that 1865 A5 on the aether by its perpetual is our sentiment. That's our over under number and now that we have You know, it's a little guidance. We have a positive signal above the midpoint And we have we know where our risk is Here we've got our boundaries. So below 1860 the market really should stabilize above here if it's good We know we're absolutely, you know wrong on a positive transition if we can't hold above the close So we have some good risk risk, you know, where where can we manage our risk and in crypto? I definitely recommend spreading not your risk It's just it's just too thin It's too volatile You need to spread your risk out You need to start getting out early And you need to know when you're wrong and and you know, not that you have to bail right away but you definitely need to be ready to bail and And and work yourself out of trades that the market's not performing to expectation But the expectation here is if the market is going to hold above the close, it's going to go here So how do we get there? You know, and then with this structure, this gives us some insight that hey markets, you know Now I kind of really zero in on my zone of where I want to participate The next thing we have, you know, so this is our sentiment bias So then our market structure indicator is what we call our price map And this gives us a little more, you know, more definition to an insight into how we want to Where can market go and how can we take advantage of it? And so this is what we call our critical range And it just turns out today that sentiment's in the middle of that critical range Sometimes the sentiment can be above the market can be below the market today. It's what we call balanced It's in the middle So that tells us this this market has some potential for a powerful move Because you know, typically when the market gets balanced, it's kind of winding up for an opportunity Move these over out of the way here This is our Sierra chart Integration, so it's a we also have integration with Ninja trader and we have a data file that we provide For integrations with platforms like Trade station or trading technologies And we also are integrated into The phoenix platform from block fills As well as the vector platform from nilogica So there are a couple of the platforms and we are integrated into book map So here's our structure within book map. You can see how the prices match up here with our their cloud notes So the critical range is You know, basically you could consider it as kind of the neutral zone for the trade period You know, we know that sentiment's balanced So the market's going to be rotating around this level This is what we call our directional and you could get a, you know Expectation the market's trading above here It should rotate up to the top of the critical range It's trading below here. It should rotate down to the bottom of the critical range Simple as that It's all quantitative. There's no subjectivity in in these analytics The whole basis of everything that we have on the quantitative side is always to identify the truth So this is identifying What that area of indecision is for the day So, you know, it's a behavioral quantitative study And this provides us some interesting insight This price map is kind of a full grid Where we, you know, kind of build off the critical range to get insight So we have some what we call interior critical range levels These are our extremes And then we have targets for critical range breakouts So in the current scenario right now We've got a market that is above sentiment It's above the previous day's midpoint We've made it a new high from yesterday's high point And we've broken out of our critical range So the market is validating this strength If the market's really good, it's going to stabilize in base above 1896 And it's going to follow through You know, other factual factors that we want to consider We've got, you know, the news has come out today already We've got, you know, some FOMC tomorrow happening Are we just going to fall back into a digestive trade? That's going to be determined here So how do we get, you know, so another tool that we have that we use To give us, you know, better insight to, you know, what's happening is what we call our playbook And this kind of sets up that whole scenario that I was just going over This is our market grid So whatever market that you have an interest in Basically pulls up the context Which is what we're looking for What's that underlying context? And, you know, we've had, you know, so we've identified the timeframe structure With looking at the product, you know Identified the timeframe structure With looking at the previous periods High, low, close, and midpoint This is the market structure And this is the context of the market state So with this, with this is another algorithm that we have That is designed to tell us the truth What kind of state are we in? So are we in a trending state or a non-trending state? You know, is the market in a bull trend Higher move highs, higher move lows, that's the underlying foundation Or are we in a negative trend state? You know, lower move lows, lower move highs And, you know, if we are in a positive trend state Is what type of trend state is it? Is it an accelerating positive trend? Or is it a corrective positive trend? So depending on what the context is to the market state Is we're going to tweak out our tactics of how we want to play it So, you know, if it's raining out, we're going to get rain gear You know, if we're, you know, racing, if we're playing football Or, you know, in either football Soccer or football, I'm from Chicago So football for us is a little different But you've got, you know, if it's raining out in muddy You've got big cleats on it And if you're playing on astroturf You don't have any cleats going at the time So, you know, what kind of gear do you need To participate in the context of the state And so having a good idea of what the state is What the characteristics of that state are You know, what's the expectation And, you know, and what is, you know Since market states are constantly transitioning From one state to the next How does that state transition? You know, just because a market is in a neutral state Yeah, the expectations the market's going to churn And go sideways with the decrease in volatility and momentum But when that, when digestive, neutral digestive states transition You know, that's the pre, these states are precursor to breakouts And so, you know, when you have your tactics And you're getting alignment And you know the market's in a digestive state You need to be prepared for a potential You know, strong move out of that state You know, so you have to, you know, you have to plan for that You know, just as if you're in a market that's in a trend state Both trends are working higher But you have these really sharp corrective pullbacks You know, they generate a lot of fear And they stop out a lot of traders So, you know, that's another expectation You have to, you know, are you in, you know You may come into the trading session It's a positive trend foundation But the market's breaking hard all day You know, it's just in a lot of times Those negative pullbacks in a bull trend state Will last the whole session They'll just be relentless and press the market Right into the close, closing on the low Everyone, you know, has to set up their margins They're not holding their trade overnight And then the market rolls into the next timeframe And it just rallies, you know And that's kind of a classic squeeze play So, but if you were just sticking to the fact that Hey, you know, the market is in a bull trend So if I'm a buyer, well, you might just get squeezed You know, and that's where some of the structure comes into play But the main point here, I'm getting out on that On state is what's the context? What's the baseline? What's that foundation? So for Ether, the baseline today was bull trend correction So what's a bull trend correction? It's a market that's been trending positively That has a correct, is in a corrective state So it's a non-trend state because it's digestive But what's the expectation of a bull trend correction? The heart, the brakes are going to bottom out That's just those are the facts That's what we're our expectation I like corrective states a lot Because they, you know, you can get potentially Into the next extension of the trend So, you know, if you're able to participate And get into an exhaustive reversal signal Or start to participate in the transition You might be at the beginning of a new extension Higher of a new trend And so those are, to me, they're exciting states And so Ether's in an interesting state today Especially since sentiment's balanced So now we identify the context of that state And what the state is And now we're going to put some boundaries around it So we're going to put a framework around it So where does that state transition? Where, you know, as long as the market is holding structure Then we can, it's easier for us to anticipate What the market's going to do You know, that's why, you know, when the markets hold structure Those are the easy days And when they're breaking structure, those are the tough days You know, because when the market breaks structure We don't know what it's transitioning into But if it's holding structure You know, the state and the context And it makes it easier Because then if the market is performing to expectation There's really nothing to think about That's your story and you're sticking to it No matter what your subjective brain is telling you That there's no way, you know, that this market Can go higher or lower Or it's going to make a move because this news came out You know, and today the market, you know Is holding structure as it can perform To the characteristics of that state And that's really where the money's made You know, trading seems easier Because especially when your tactics align with that flow You know, everything's in sync It's just, you know, when you're fading those facts And you're not in that flow or the market's in transition That's when things are difficult So for today We know we're in bull trend correction And this is defining the structure Which is going to identify where sentiment is And there's no bias So this market is kind of teed up And if we know that the sentiment bias is Positive above, negative below What does that tell you as a trader? Well, you know, I know the things I know this digestive action has wound up Within 1901 and 1826 And I know it's pivotal The pivotal number is 1865 Well, what do we know for a fact? Fact is, this market's in a corrective state Fact is, if it's correct It's a correction of a bull trend So correction of a bull trend Means it should be going down So that means it should be trading below the directional So if the market's going to continue to correct It's going to stay below 1865 That's just what it is That's just the truth If it's not trading above 1865 It's more likely the market might Start to build up some momentum And get back on the positive bull trend Because this is a bull trend correction So when's the correction over? What are the tells that the market can tell us? What does the structure tell us? Well, the structure tells us that 1865 Is the point, because that's where sentiment is If the sentiment was below the market At 1826 or even 1750 Probably wouldn't be that low But 1788, let's say That's telling us that the real binding energy Of the market is below the market And we may have a bigger corrective break But since the market's no bias And we're balanced It makes it kind of exciting Because it's telling us that The market is making a decision today More likely Absolutely, the market could have a linear Sideways isn't just churn around this point Because it's so dynamic But in corrective states It can become a really great momentum level And all this structure This is applicable to crypto It's applicable to futures, stocks, ETFs It's all the same stuff Because it's all the same facts And with these metrics that we have You can really shift from one market To one asset class seamlessly So along with the Identifying the structure where we're going to turn It gives us some idea for the risk What we need to risk So we have a maximum stop distance We have alert distance which identifies The boundary around this zone And we have what we call a variance Which is kind of the sweet spot So that's basically at the figure So that's kind of the slippage point Around the level Of the ideal place to enter the market Within that boundary And then what are we looking to make Well, we're looking to make at least What I call an average price map distance Or APMDs So the market is moving in 37 dollar segments 37.58 segments So at the very least We're looking for a half an APMD But typically anytime you're in a trade This is what the market's paying out The segment moves the markets moving in We'll take a look at that in a second So typically when you're in a trade You've got your targets are defined Your risk is defined And so the structure helps you Keep your risk in line So I'm just talking about these boundaries here And here's the variance But understand these boundaries You know where your risk is beyond those boundaries We have a maximum stop distance But we also know where the money is What are we looking to make And so an APMD is a price distance Between two major levels basically So we know the state of the market So we know the context We know the structure of that state So we know where that state will change And we know if it's holding structure Or breaking structure So since we have those two facts If it's in this state And it has this structure So this is a bull trend correction Well here's XMR And it is in a corrective state But it's sentiments below the market So this is a situation where this market Is more vulnerable to further corrective action And it's below the market So then that's going to skew things Because this is instead of being balanced It has more of a positive bias Down to this figure So the sentiment skews the state So the state's bull trend correction And then what the structure is of that state Makes a little bit, it changes it It provides a skew So what we've done is we have 26 different market state conditions And each state condition has nine skews So it's really just getting granular On the detail of just better facts Do you want to watch TV off of antennas Just positive, you know Trending, non-trending Or do you want something that's HD That's what this is offering It's really a real granular HD Highly pixelated view Of what the context of the market is So we understand what the state is That's the basis foundation We know the structure of that Where that foundation or that state Will change And potentially transition So where does the state persist Where does it transition And so from that we can identify Specific strategy themes If it's then So if you're in this state with this structure Then do this And you have sentiment that's balanced Then the optimal thing to do Is to if the, you know Fade momentum Below The R level So at the R level We're going to If the market's trading below the R level We're going to fade that momentum With the expectation that the Corrective trade is going to continue Makes sense That's the balance point So as long as the market's below That point it should be corrective In a bull trend correction So first things first We're corrective below this price point And then the other optimal strategy Is we're looking for an exhaustive Buy opportunity So we're looking for the market to fail Break out to the downside Not follow through and exhaust And give us a buy signal And that's going to be the signal That we're going to do on a jump on With the expectation that the Positive trend could resume So what tells us that the market Might be in a head strategy theme So if the market's holding structure And it's going to stay corrective It's going to stay below this price point Now what are some things That are going to tell us That the market's transitioning And what can we transition to From a bull trend correction Well we can transition into A neutral state Or even a negative trend state The market could fail And so if the market breaks out Below 1826 And keeps going straight down And holds a negative structure That's going to be a tell And transition to a negative state We're not 100% sure what it is But we know for a fact this Correction's got some more Potential And why we know that is Because we're below sentiment What's the other thing we could do Well we could buy a break Out above the R level And you know this is another You know when I like these two strategies combined You know when you get these two combined It's really a powerful thing so This is just telling us hey Correction's over if the market Gets above the R level If it's trading above here You know there's the potential It's more likely that the This bull trend aspect of this What we call signature state Is going to try to engage And so then we're looking for A buy breakout situation And where is that breakout situation Going to be validated It's going to be validated Per structure at 1901 And so this in the playbook You know we go into a little more detail How these strategy themes play out But you as a trader You're always coming in And you're looking to identify What theme is in command Are we in an optimal theme Or are we in a hedge theme Because if the market breaks You know so today In Ether The market opened up below the market And as long as we're trading Below the directional We're looking to fade this momentum And then here we get a breakout signal So as soon as this happened And let's say if you came in trading Later on in the day You need to observe how price action Was working within structure To give you insight to what the Strategy theme is in command So when the market did this It told us that this optimal theme Is no longer true So it literally can just Cross out this whole thing And the hedge strategy theme Is in control So these aren't the only strategies To execute but these are the Strategies to align your tactics with Because basically the market Is always doing one of three things And you just have to identify It's either going to be In an optimal strategy theme Which means the market's holding structure And performing to the characteristics Of the state and the market Structure bias It's breaking structure And it's transitioning Into a hedge strategy theme These themes are looking to Capture opportunity When the market transitions Or if the market breaks The hedge strategy theme structure That just tells us that it's going to be A non-event day And those are those sideways Linear terrible days So when you see a market break Optimal structure like it did And then it breaks the hedge Theme structure That just tells us that the That moves over There's nothing, you know This market's going to have some issues And it's more likely going nowhere So it's always three things Optimal theme, hedge theme Or non-event theme Any questions on that so far? So here we have a market That broke out to the upside Color other things to look at Here as we're looking to identify You know so now we're coming To the market here You know we are You know mid with you know Coming near the end of the session So and you know as we Look at what occurred And what themes in command You know the market's absolutely Told us that the optimal theme Is no longer true And the hedge theme paid out So the hedge theme paid out One full APMD already And that might be all we get today You know since we're kind of Moving into the back end of this session You know this session is going to Kind of shift into Kind of what I call the settlement phase You know things are starting to wind down anyways You know that might More likely might be it And the fact that we broke out To the outside the critical range Rejected here and traded back down Below this metric is A tell of exhaustion So that you know even though That we aren't expecting the corrective trade To resume there might not be Enough energy coming into the end of the session For this hedge stretch theme to really Really fall through So market might be more vulnerable To a drop back into more of a neutral Non-event situation Through the balance of the session The other tell that you want to look for Is in a trend move Is things of this nature You know so this is powerful trend action You know and we have these higher lows This is just classic price structure And the market you know continues to move higher And then the market you know really The breakout you know the market Attained its full APMD move here Initially and it gave us a corrective move And then gave us another opportunity To re-enter here so this is actually Whenever the market reaches The alert distance boundary This level has basically been attained So the market was actually attained here We got the squeeze back down to sentiment Gave us another opportunity Risk-defined opportunity It's just pulling back to the midpoint Which is a normal momentum level Pulling back to the previous days close Potentially I think the fact that the midpoint Was so much higher than the previous close You know that you know so we basically Bought them out in the middle of that And just you have alignment with sentiment Gave us another opportunity But the fact that we already had You know this kind of break in structure Of this momentum tells us that When the market comes up to this area It may be a pause why because You don't have that like an accelerated Trend that has no break in momentum And it just continues to go And so that's anytime you're going to see Those super big event moves They're just going to look like linear Like this and they're just going to scale And they're not going to give you these pull backs So the market's always telling you What kind of behavior it has And so even if we did make a new move high More likely than not it's going to stall out At 1920 So it's just the market's always telling you What it wants to do And so now you know so that's the bigger picture So now we get into the microstructure You know what's happening here at the moment You know and so now we can kind of shift Into the what's happening in the order book And in the liquidity of the market And so what are we looking at here Is the market basically going to Make a play for this 1920 You know we're not really expecting more than that Based on what I've said We never know what the market's going to do So the market does base above this level Absolutely can extend up to these areas But the market's making a decision here at 1890 And so we're going to use the order book To identify you know the flows in the market And if we are able to see this market Start to do some basing above I mean 1896 1895 here and we can see some liquidity Building up at this point So the market starts to base here That's going to be the tell that we could get A new push So if we're buying the market right here We don't have a lot of risk We know that you know If we're looking at this We don't need to risk new lows even It should just start to build structure above here You know and really These are situations that I like Because You don't have to wait for the market to go below This make a new low point here It really shouldn't be trading below this point And so we do have a little bit of structure here at 94 So even if the market starts trading down here You know I'm going to use that to just Exit the market Yeah I don't need to put a stop in Is the market starting to trade here Or if I did put a stop in I'll put it above this low Because I don't want to I don't want to get stuck in the flush And I don't really want to be along the market After you know This fact that the market already traded below here Has me a little diffused on How much I like the market I do feel that you know Since the market is back in More likely to go higher Because now the corrective part of that Is the whole trends over You know I can risk I have a small risk here To make To get the market back Potentially back up to 1920 And even if we just rotate back up to the Upper end of the Alert distance here Back up to 1906 You know for even just a Micro trade which I'm not really into But if you are You don't really have to risk a lot Of how the models are coming here With how the market is What kind of liquidity is building up Around these metrics And you'll see that You can also sometimes get insight To where the liquidity has been Up outside On your targets And it definitely we've got Some things happening around the UT1 So who knows We're in the settlement phase So settlement phase is the Another structure New monthly structure That's always a big opportunity And so as the market Is entering these The end of those major time frames They can skew the What happens and you can get emotional You can get these railroad moves Or you can just kind The market just settles Picks a strike And is going to rotate around it Maybe we're going to rotate Around the 1900s right And that's it That's what we're going to stick to But it's going to give you that tell Right here For today And we have to look at Higher time frame structure To get more insight Because this structure is going to update Tonight at 7pm And then we'll have new structure But how the market is going to behave into the close Is going to be determined by what it does here In 1896 So here's my I do like this cumulative volume Here and so what I've done is Created Two different studies That overlay So I've got a Kind of fast Micro behavioral decisions What trades are happening Small trades 0.1 Ether to 10 Ether And just tracking The selling aggressors are And the buying aggressors are And it's just basically taking the differential And plotting that And then I create a What Larger lot sizes So I'm anything above 10 Ether And higher I'm going to plot that So it just gives me a little insight To Who the buyers are Who's coming in here And making some decisions And so we've got At the moment we've got a little more buy side The bigger players are in here More bid And this is what you know The bigger players are looking at There's two price points right now for the day There's 1896 And basically 1860 So this is what any Any longer term trader For a bigger move is looking at The momentum that as long as we're above here We're positive If we trade below 1896 We're probably going to be digested within the zone And if we start the base above here We have the potential for a new extension So one thing I'll be Take away from today's presentation Is just you want to maintain a fact focus You definitely want to have It's a baseline To benchmark As you have If you're taking a position in the market If you are Like a position but you're getting nervous about it Check the facts As long as you are in alignment with the truth And the facts then they support your Opportunity, stick with it It's a great way To calm Settle yourself down From making irrational decisions It's so easy to get your finger on the mouse And start clicking away when you get anxious And so having a statistical baseline You know Even just hey are we above today's Are we above the close? Is it we're net positive? And I'm long? We're higher on the day and I'm long? Okay well I should feel comfortable with that Am I above yesterday's midpoint and I'm long? Yeah, okay well Hey I should feel pretty good about that And so These markets are always just searching To shake weak hands out And having a statistical baseline That gives you that fortitude for your opportunities It also you know Gives you a wake up call You know hey you're I'm short the market And the market's higher on the day I'm short the market It's going down I know it is and it's above the midpoint You know it's You only do it so many times When you fade the probabilities You know it's just hard To keep doing that to yourself So when you have that baseline And you're short And you're nervous about things But you know you're trying to talk yourself into holding on To the trade And the market's above the Pre-session midpoint Hey you know It's likely you could make a run Especially during the subtle you know If the market's coming to the end of the day What's more likely to happen Well it's more likely you could have a squeeze to the upside Than to the downside And bailing out of those Those bad situations When you're basically Fading what's more likely To occur You have this hope That this one time it's going to go my way You know it's not going to follow The probabilities And so that's And those things sometimes that happens But more times than not it does not So having a fact Focus is really the how you have longevity as a trader. So if you're on Twitter you can see some of my work on at at JS services on Twitter and invite you to come to our website DharmaCapital.Trade check out our tools we do have a new live trade room that we started that we have a little longer-term focus so it's more focused on weekly structure so the playbook is dedicated to daily structure and our trade rooms and crypto side are focused on Bitcoin and Ether and we do have we are posting some analytics on the futures as well primarily on the stock indexes. Feel free to reach out to me directly you can either do it through the discord channel or you can email me at JS at DharmaCapital.Trade so appreciate your feedback good focus and enjoy your day cheers