We're delighted to be joined by Gers Daharty TD, Sinn Féin spokesperson on finance who will provide an address on the topic of Ireland and the global economy, a Sinn Féin perspective. At this point, I expect to see Deputy Daharty's face appearing on the screen, but we'll just see how that's gonna happen quickly. It's a very timely address as the debate surrounding the future of the European Union's fiscal rules and the implementation of the COVID-19 recovery fund continues. And with important international developments in the corporate taxation area and also in terms of the trade developments which will have an impact on Ireland. Deputy Daharty has agreed to discuss Sinn Féin's perspective on the EU's economic policy priorities in the years ahead and also outline Sinn Féin's policy approach towards Ireland's place in the global economy. So he's going to speak to us for about 20 minutes or so and then we'll go to Q&A with the audience just to say to members of the audience that you will be able to join the discussion using the Q&A function on Zoom all going well, which you should be seeing on your screens. Please feel free to send in your questions in throughout the session as they occur to you and we will then come to them once Deputy Daharty has finished his presentation. You should identify yourselves and sending in your questions and you can also participate in the discussion on Twitter using the handle at IIEA. So before we go into formalities just a reminder to all of you that today's presentation and the Q&A are both on the record. Let me now formally introduce Deputy Daharty and hand over to him. Pierce Daharty, as you all know, is the finance spokesperson and deputy leader in the oil area for Sinn Féin, serving as a TD since 2010, currently for the constituency of Donegal and formerly for Donegal Southwest. He's currently a member of the odd core of the party and a member of the committee on finance, public expenditure, reform and fee shock. So Deputy Daharty, over to you, hoping that you're now going to appear and that we've got all our issues under control. Well, thank you and good afternoon and thank you for that introduction, Dr. Ruan. I hope everything is going okay on my end and thank you, Barry, for the words. We've found it difficult to hear some of them but we got the spirit of it. I wish to begin by thanking you and thanking the IIEA for the invitation to be here with you today to discuss Ireland and the global economy and to outline some of the priorities of Sinn Féin as we navigate a way forward. The pandemic resulted in the most dramatic shutdown of economic activity and living memory. Global output contracted with the volume of world trade falling by 8%. Domestic demand fell by 5% and the rate of unemployment reached 19%. And now governments in the advanced economies acted swiftly, they acted to support businesses and to save jobs through the rollout of wage subsidy schemes, retaining the link between the employer and the employee. In this respect, the wage subsidies schemes in Ireland, north and south were a success, mitigating the worst impacts of the pandemic on jobs and incomes. Sinn Féin supported these measures. We recognize the scale of the challenge we faced and working with government to improve these measures to meet their objectives. As we emerge from the pandemic, a global recovery is now underway but it's an uneven recovery. A lack of access to vaccines and policy support for developing countries and emerging economies have deepened inequalities that existed before the pandemic and the global economy won't recover fully unless all countries advanced developing are empowered to ensure the security and prosperity of their own citizens. Globalization has for too long been a rich system and it is time to rewrite the rules so that all can prosper. Turning the attention closer to home, we have witnessed a post-pandemic bounce but we cannot be complacent. We in Sinn Féin have a different analysis of our economy than others, how it works and who it works for. At the outset, I think perspective is important. We recognize that the domestic economy has been transformed in the past century as has every advanced economy. But for too many of our people, the headline figures they hear on the airwaves or they watch on the TV or read in their newspapers, those figures fail to reflect their lived reality. So many metrics can obscure more than what they can reveal, such as GDP, which provides a picture of Irish living standards that is so misleading as to be almost meaningless. The former governor of the central bank, Patrick Honaghan, reflected on this in an economic letter published by the central bank last year entitled, is Ireland really the most prosperous country in Europe? The answer is clear, no. Noting the serious shortcomings of Irish GDP as a measure of economic welfare, the former governor used a more accurate measure of household welfare known as actual individual consumption, which adds together household consumption with government spending on services such as health, education and on housing. And the picture that that paints is a very different one, but one which rings true for so many Irish households. Based on this measure, Irish household welfare is below EU average and 14 in Europe. Our living standards are more like Spain and Italy than Norway or Germany. And we know some of the reasons for this. A housing crisis that is draining disposable income and widening wealth inequality, the scourge of low pay, unaffordable childcare that denies many women the freedom to participate fully in the labor market. And Sinn Fein's aim is to address these challenges, to ensure a broad base rise in living standards, building a more active and responsive state, equipping Ireland to seize the opportunities of the exponential age, strengthening the hand of workers in pursuit of better pay and conditions. And in pursuit of that agenda, we recognize that the environment in which we operate in is changing both at a European level and indeed at a global level. It is to these now that I will turn. From the coronavirus pandemic and public health restrictions implemented to contain it's spread led to an extraordinary and unprecedented slowdown in economic activity. It required emergency economic measures to save lives and to save livelihoods. In Europe, this required the activation of the general escape clause of the stability in growth pack and the adoption of state aid temporary framework. Without this action, the economic damage wrought by the pandemic would have been devastating. The period, this period underlined the fundamental weakness of the fiscal rules laid down in the stability in growth pack. The need for fiscal rules was justified on the grounds that unsustainable debt in one member state would negatively impact others through the sped of fiscal crisis or the dominance of monetary policy or the risk of inflation. As a consequence of that, simple rules were deemed necessary including restricting public debt to 60% of GDP and deficits to 3% of GDP. However, it's become clear that these rules were unfit for purpose leading to their repeated violation. Their design required member states to consolidate during periods of recession, harming recovery and deepening unemployment. Changes to the rules followed increasing their complexity without tackling the underlying problems. They restricted the public investment necessary for economies and societies to recover from the financial crisis. And the pandemic has again made clear the need for change. The fiscal support necessary to respond to the pandemic led to higher deficits and levels of debt such as the current targets are simply such that the current targets are no longer credible. At the end of 2020, the average EU government debt to GDP ratio stood at 90% and the Euro area was even higher again standing at 97%. And debt ratios stood above 60% of GDP and 13 member states with the highest recorded increase at 206% in Italy at 156% and in Portugal at 135%. Now, under the current rules, these member states would be required to close the gap between their current debt to GDP ratio of 60% at a pace of 120th per year. That level of consolidation required to reach these targets would be damaging and quite frankly, it wouldn't happen. Rules that are incredible can't be enforced. Rules that are economically damaging shouldn't be enforced. So where does that leave us? Shouldn't they have long argued that the fiscal rules are not fit for purpose, that they're overly complex, that they undermine the principles of sovereignty and are economically damaging. Faced with recurring problems in healthcare provision and social inequality and housing need and infrastructure deficits and the threat of a climate breakdown, the current framework must be abandoned and replaced with a system that respects the democratic mandate of national governments and supports progressive policies. Many have argued for a move away from fiscal rules and instead replacing them with fiscal standards. Precedents exist for such an approach, vast areas of European law, such as competition are based on standards rather than rules. Others have argued that a better measure of debt sustainability is the cost of borrowing or servicing public debt rather than the blunt assessment of the stock of public debt and such a move away from rules and towards standards could encourage rather than penalize investment. But any golden rule that encourages investment can't be restricted to environmental policies alone but must also include investment that further social development and reduces inequalities such as housing and childcare. As well as changes in fiscal policy, we have seen change in the international tax landscape following the agreement reached in October under the OECD inclusive framework. The old framework for international tax was based on the principle that a company's profits should only be taxed where the company had a physical presence. Although in tuition, the principle had in place that it was basically in place that it had in mind the old industrial age. In the post-industrial age of accelerating globalization and digitalization, multinationals carrying out significant business activity in market jurisdictions into which they have no physical presence or footprint. Similarly, although many, and some may argue that globalization has produced winners, it has undoubtedly produced losers also. Global inequalities deepened by corporate tax avoidance and a non-sustainable race to the bottom underlined the need for a new consensus on how multinationals are taxed to ensure that they pay their fair share. The two pillar package of measures included in the inclusive framework seeks to address these challenges and would bring the most significant changes to the international tax system for more than a century. Sinn Féin supports its policy objectives, recognizing the need to fundamentally reform the international tax landscape to reflect the new realities of the global economy. Under pillar one, the outdated principle of taxing a company based solely on its location of its head office will be replaced by taxing a company based also on the location of its users and customers. It is estimated that allocating the residual profits of the multinationals operating in the state under pillar one will reduce corporation tax revenue by two billion in the year 2025. Notwithstanding this, it should be noted that corporation tax revenue is still projected to increase out to 2025. Under pillar two, a floor on taxation competition would be established through the global minimum corporate tax rate of 15% for multinationals with revenues exceeding 750 million euros. Pillar two aims to end the race to the bottom in tax competition, recognizing that the race creates losers, more losers than winners, distorting competition and undermining the tax base of countries and their ability to meet the needs of their citizens. As I said, during and after the negotiations, remaining outside the agreement would have damaged Ireland's reputation and would have damaged our economy. In our engagements with the Department of Finance, we saw clarity that it would be possible to operate dual rates of corporation tax buyers companies that fell on different sides of the pillar two threshold, ensuring incentives for innovation such as research and development tax credits could remain. There has been much focus on pillar two and the 12.5% rate, but it is now clear that there are greater risks to our competitiveness and future prospects than a 2.5 percentage point change in the headline rate for larger multinationals. While FDI has been a key pillar to the state's industrial strategy for decades now, we have witnessed the continued failure of government to adequately address or invest in other factors that are just as crucial, such as the provision of childcare and affordable housing, higher education and research. It is to these fundamentals that I now turn. There are a number of risks that must be addressed to improve the competitiveness and productivity of the Irish economy. Government in action over the past decade has magnified these risks and every business face fixed costs in order to operate. Some of these fixed costs such as insurance and the availability of cost of credit limit the ability of Irish firms to compete. The latest linked finance SME confidence index found that nearly two thirds of Irish SMEs are finding it difficult to access credit. With the withdrawal of two banks from the market, these difficulties could be intensified. Addressing this must be a central item for the retail bank review. Problems also persist in the insurance market with prices remaining high and availability scarce in many sectors. Reducing underwriting costs as a result of the personal injuries guideline haven't been passed on fully to business customers while long promise reforms on the duty of care are yet to be delivered. These problems must and can be tackled. The provision of affordable housing is an essential infrastructure for any economy and for any society. It is a key plank of competitiveness with a direct impact on the ability of firms to attract and to retain staff. The chronic shortage of affordable homes to rent and to buy is eroding incomes. It's reducing living standards and poses a direct threat to our economic security and to our future. It is a direct result of government policy, a refusal to invest in affordable supply over the past decade and a reliance of policies that have utterly failed. The numbers attest to this fact. House prices have increased by over 14% in the past year as they now approach their Celtic tiger peak with the average house price in Dublin now standing at over half a million euros. Rents have increased by more than 10% in the past year with the average rent now standing at more than 15, 100 euro per month across the state and a 2,000 euro in Dublin. Sinn Fein would pursue a radical departure from the housing policy of successive governments doubling capital investment in housing as argued for in a paper by the ESRI. And we would implement specific interventions in the market and reforms in planning to deliver genuinely affordable homes to rent and to buy. Likewise, the cost of childcare is another crucial factor in workers deciding where they live and where they work. What matters is not just the wages a firm offers but the quality of life families can enjoy. Childcare in Ireland is one of the most expensive in the OECD and it undermines the competitiveness of our economy. This is understood as a key factor in reducing female participation in labor market with our female employment rate lower than the European average. Everyone should have the freedom to join or to remain in the labor market. For Sinn Fein, transferring childcare is a priority significantly increasing state involvement in the sector to reduce the cost of childcare by two thirds over the term of a government. Innovation is the engine of economic development. Improving living standards depends on the ability to drive up the level of value added output per capita in turn providing the basis for higher wages and levels of employment. Firms and governments need to identify what have been described as windows of opportunities the sources of competitive advantage and then having policies and technologies capabilities to take seas of them. We in Sinn Fein want to see the state and industry collaborate on the agenda that places innovation high productivity and high wages at its heart with increased living standards broad based access across our society. Research and innovation are crucial to drive up levels of value added output per capita driving productivity and wage growth. For some time, government expenditure and research and development has falling below the European average. Expenditure across both state and private funds has followed a similar trend. Moving forward, we must change the standard. The government and private expenditure on research development innovation steadily increasing. We must also ensure that gains in productivity are broad based. Recent figures show that the scale of disparity in gross value added per person across regions a gap that has continued to widen. And this gap is then reflected in wages and disposable income and living standards between region sectors and firm types indigenous and foreigner. A new industrial strategy must be regional as well as national harnessing and strengthening the capacity of our higher and further education colleges throughout the country north and south. We have entered a new era of accelerating technologies. In four key domains, computing, energy, biology and manufacturing, Ireland is in the position to advance, provide we seize the opportunity. As a new wave of general purpose technologies to emerge we must also grapple with the question of work. For too long workers have been getting a bad deal getting too small a share in the economy they have built. Ireland is among the highest levels of low pay in Europe with one in five workers on low pay. Ireland displays one of the highest levels of market income inequality in Europe. Now many note that our tax and welfare system is among the most progressive but that is because it has to be in order to close that gap. The new technologies that I discussed before risk widening that gap even further. And this can be seen in the gig economy with platform technologies redefining the relationship between workers and companies and our laws need to catch up. Shouldn't fame for our part, we are a party of the left. We want to see increased workers power and build an economy that works for them. We can think of this in terms of four principles. Dignity, flexibility, security and equity. Dignity, to make a dignified workplace possible and ensuring workers have more autonomy over their work and more insight into the data firms hold about them and how that data is used. In flexibility, as new industries emerge and grow workers need to be given a chance to reskill through lifelong learning and access to affordable education. In security we have seen in the past two years a strong safety net is crucial at times of rapid change and shouldn't fame is determined to strengthen the social insurance system. And in equity we see wage bargaining and collective action are more important than ever. Shouldn't fame are fully committed to legislating for the right to trade union recognition and the right for unions to bargain for and represent their members. This would be a radical change in our economy increasing worker power to ensure that rising living standards and wage growth are broad based and shift the balance from capital to labor. There is so much that can be said with regard to Ireland's place in the global economy and shouldn't fame's perspective on it. There are many areas that could have been mentioned but time hasn't allowed for the move towards a green economy and the opportunities which that transition offers. Putting the rights of citizens with disability at the center of our economy when for far too long they have been marginalized on the fringes with unacceptable consequences. And the prospect of national reunification in which we all have a stake to ensure a smooth and successful transition to a new equal prosperous and united Ireland. As a Republican, I am hopeful for the future. There are many challenges we face but many opportunities too. Provided the right decisions are made some of which will be difficult. I am confident that our best days are yet to come as a nation for Michael.


What's up, everybody? This is Walo on the Street brought to you by Monaco. This is the morning of the Ghillie Fest. I'm going to be out here asking people the simple question. What was your worst day ever?  This is not going to make it through the whole thing. Oh man, I'm not feeling this.   I don't want this. I want this to end right now. But listen, we're going to go ask people. Come on with us right now. This is brought to you by Monaco. Walo on the Street, the morning of the Ghillie Fest. We will go talk to some people. Come on. What's the worst date you ever went on, Steve? Cool. Worst day I've ever been on? Probably back in the day. Moriarties. We're having wings and she just left me with the bill and like five drinks on the counter. She left you with the bill and five drinks on the tab? Yeah, first date. I mean, I didn't really know her is what it is, but I've been blessed with some pretty good dates. So that's the worst one. I'm sure you got it. I'm sure you got one. Listen, man, that was the worst date, man. Worst day you ever been on? You got left with the tab. How much was the tab? Oh, it's like close to 200. Close to 200?  Listen, man. I just wanted the wings. I went to the movies. Okay. And he didn't have his ID to get in. Hey, you needed an ID to get in. What were you always going to see? It was a scary movie, but it was like a late night one. And that was the worst date just because he had his ID? Yes. It was the worst date because he didn't have his ID. And then he was mad because he didn't have his ID. So instead of taking me somewhere else, he just smoked. And he sat on a car and smoked. And that was it, and you was just mad.  Why you didn't just tell me to take you home? I did. Did he take you home right away or he just stalled it out? No, he stalled it out. Did you ever call him again? Yeah.   That was my man, so I had to like, lug it out. Oh, well, look. How long have you gone last after that? A couple of years. How you listen? So did he take you on dates that was better than that afterwards? Yeah. So that wasn't even a worst date. I don't even know what she's talking about. Well, he was supposed to. I asked him how much he had left. He said he only had $60 a spear. And I was like, all right, well, let's go to this seafood place that I, you know, that I know of. You know, get something to eat from. So he was like, yeah, let's go to this joint. So I was living in Delaware. So we went to go sit down or whatever. We ordered the food. And then when it came time for the bill, he was like, who paying for this?  He looked at you like he said he ate it. He's like, who paid for this? Did he eat? He really threw that? Yeah, he threw that. He's like, who paid for this? What's going on? Is you paying? Because I don't know what's going on. I ain't got no money to pay for.


Hi, welcome everyone. We are doing a live stream today with Bookmap. Appreciate that platform. Really innovative. I always remember the first time I started using it, they used to have a guy with a blindfold on on their website and I thought that was perfect. Without seeing what's going on in the microstructure, the way they present it, it's hard to go back to a regular dome. So I've got a little PowerPoint presentation to start out with to lead into some live analytics, kind of the same MO going through doing some education, providing some awareness, things to look at and then seeing how we apply them and seeing what's happening currently. So we've got the end of the year here. We're in what's called a settlement phase and I'm going to talk a little bit about that today. Before I get into it, I want to go through disclosure, cryptocurrencies, futures options, forks and stock trading contains substantial risk and is not for every investor. An investor could potentially use all or more of that initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Risk performance is not indicative of future results and all the information that we're presenting here is for educational purposes only and should not be considered specific investment advice or recommendations. I'm John Slazos from Dharma Capital Trading. You can get more information on us at our website, DharmaCapital.Trade. We're on X, YouTube and Substack. I've been trading for over 35 years. It's got involved in crypto around 2013. I really leveraged that in 2016. When Ether came on the scene and I'm a big fan of the space and basically the whole transitioning to Web 3.0 and what we can do with digital assets. Big inflection point for everybody. I think it's all good. I'm going to present some of our trading tools that you can see, the things that we use that we provide with our clients and if you're interested in any of those tools, you can take a two-week test drive with them and we'll walk you through on how to best integrate that into your workflow. What we do is we focus on fact-based trading, which is basically, in fact-based trading involves making decisions based on objective data and analysis to reduce speculation and subjective biases. Really searching for the truth is what we basically do. Looking for clarity. As I always say, if you don't have clarity, you should not be trading. When do you get clarity? How do we do that? We have some resources. We've got our analytics that have been developed over my whole career. They're used to help you standardize your decision process, create that matrix. We have applications that normalize the analytics into your workflow and then we have some trader development programs that can work with you to optimize your tactics. What we do consistently is the same approach for any market, any asset class, any timeframe. We're going to identify the context of the state and what those characteristics are and then we're going to look for and highlight the alignment of the structure points that define that state. Where does that state change? Where are the decisions made to either persist or transition to a new state and then define an expectation into an if-then statement of what's more likely to occur? What our method really does is it incorporates this statistical outside view which helps slow down the decision-making process to minimize biases. This is from Nobel Prize laureate Daniel Kahneman's book, Thinking Fast and Slow. The outside view offers more accurate predictions than the inside view and this is really talking about and speaking to your intuitive function. Typically as you live your life and you make decisions, it's yes, no, this, that. You're not really thinking and then sometimes you have to slow down and do some statistical thought. Basically when you slow down the decision process and you focus on the facts, which helps to minimize some of these cognitive biases that we have.  The truth is that markets break in structure and things are changing and so having a fact baseline allows you to make it easier to do that. We've got specific tools that go from basically the macro structure down into the micro structure and so you can find those at DharmaCapital.Trade. If you like this video, we appreciate what we go over. Definitely like it and subscribe to our YouTube channel. We're going to get into a little bit something different today. We're going to talk about time phase structure. We've gone over different structures and time phase structure is part of the price discovery process that divides a time frame into segments based on behavioral characteristics. Previously we've talked about price structure and time frame structure. What's the previous days high, low, last midpoint, the week, month, quarter, using those time frame structures along with market structure. What is the structure that defines the market state? We're going to get into a little bit on time phase structure which breaks the time period into four segments, two primary segments, an opening phase and a settlement phase. Then you have a discovery and a validation phase. Just to keep it high level and simple, opening phase, you have a classic opening range and the behaviors of market participants in these different phases We're going to talk about settlement phase today because that's the phase we're in. We are in the yearly settlement phase. December is the settlement month for the year. We're also in the last two weeks of the quarter. That's the settlement phase of the quarter. These are huge time frames. Coming into the end of the year is massive. There's a lot of behavioral aspects that are coming into play right now. This is going to affect market behavior and we need to be aware of it and we need to adjust our tactics. During the settlement time phase, it's the end of the timeframe period. Again, that can be year, quarter, month, week, the day in which open positions must be closed for the purpose of settlement. The settlement phase price range is an important reference price for the next cycle of price discovery. What's happening during this time phase is going to affect what happens in the opening phase. That's really key and that's going to create a range. At the end of the timeframe, this price action is going to create a settlement range which is going to be defined by the high and low of that range. We're going to use that structure in the opening. For us, that's going to be the coming year. But it basically happens every day. The settlement phase is influenced by several factors such as margin. For a daily basis, you've got the margin calls. That's why the end of the trade period is really difficult because things are happening that have nothing to do with technically what's happening within the market structure. It's just people just need to get stuff done. They've got to get out of their trades. Things are expiring. A fund has to make allocation adjustments. So price movement during this phase is driven by non-market related liquidity factors. You need to really be aware of that because when a major fund has to come in and do something to get out, they can just drive prices and you don't want to be stuck on the long side of that. Another part on the exploration of derivatives is the end of the higher timeframe periods. So end of the month, end of the quarter. And we're coming into end of the year. It's going to have a major impact on the behavior of the market. So during the settlement prices can rapidly fluctuate between boundaries several times. You can have some big swings. That's typically what happens. The behaviors in the settlement are you're going to have these big swings. And sometimes you just have also have these linear moves because let's say everyone wants to put on their balance sheet that they were long Bitcoin this year. Well, so they're going to need to do it now. Because then in their reports next year it'll say we have Bitcoin. And so there's absolutely right now current market. There's potential for kind of a railroad run. We've already had some kind of volatile digestion to start. The settlement phase. But these these become significant reference points. And so this is just a kind of an overview of how you're on your mind of how you want to kind of view this stuff. And you where you have a settlement period that goes into the opening then to this discovery to the validation to then again to settlement. And this is kind of the time phase cycle. And so we're at this end phase cycle where you know this is the most difficult time to trade period any day. You know we're looking at a 24 hour time phase here. And this is that you know and this is the last four hours of the trading period. And so the last four hours of any you know if you're talking about you know forks or we're talking about crypto here. You know for me you know 6 p.m. is when we get our is when you basically crypto rolls because that's the UTC time you know and you know so basically you know after 2 p.m. Chicago time you know you have to be careful if you really don't want to put any new trades on basically. There's a lot of different things going against you but you have this you know this settlement period just increases the risk of what you have going on there. And so that's something that we're going to get into today and the other thing I want to talk about is having a mandate. You know so you know it is a trader it makes a lot easier if you come in and say I'm a buyer I'm a seller. And then it's for you know for crypto you know taking the aspect of your holding bags you've got your crypto and you're looking for absolutely trading this stuff but you're looking to build a position in digital assets. And so I'm going to kind of keep that you know that that's my mandate. And so I'm going to talk about a couple different strategies that we're going to look at in the market and see how they play out. You know but basically if we have a net along crypto mandate what are we looking to do we're looking to accumulate. And so you know we want to get involved at favorable prices. We want to reduce profit give back so these markets you do need to trade them. They're so fast you got to make decisions quick. And if you're not you're going to be you know you get sad when you have market gives you all this dough and then it takes it away. So we want to reduce our profit give back exposure. We want to hedge ourselves on negative momentum shifts. So you know that can be either short term shifts or longer term. If you know you've got an expenditure coming up and you want to definitely be able to you know kind of hedge that especially if the market goes into a down cycle. And so and the other thing is how you know leveraging up on positive momentum shifts. So if the market doesn't give us an opportunity to really enter where we want to well then we can leverage up on other shorter term positive momentum shifts to increase our position in our digital assets. And so we're going to talk about identify a couple different entry strategy themes to do this. We're either going to fade momentum. So if we identify some structure we're going to fade momentum in front of it. So basically using limit orders or to do that. We're coming in the primary feature of a fade is that you're in front of the figure. So if you're fading to sell you're fading in front. If you're fading to buy you're fading in front and you're entering because the expectations that structure is going to hold that in that and that's when you'd use a fade. The other tactic would be a breakout. So we're going to trade with momentum. The market starts to move and we're going to trade a breakout through structure. And then the other entry strategy would be a reversal. So it's kind of a false breakout we're we're looking for. You know in this example we've got to buy reversal. So this is a great strategy to use in a corrective trade. So instead of catching the following knife step in front of some structure point we let the market take out structure get all excited. And then it can exhaust and you get that capitulation. And then the market stabilize above structure. And so basically we're allowing the market to tell us that this corrective move is over. And so and that we will use a reversal strategy for that. So you know depending on the characteristics of the state the expectation if then you know it determines you know what strategies you want to do. But and for having a mandate you really keeps things simple. You've got a program and you just run it and you're not you don't have to think about what you're doing you're just executing. And you have your your themes that you're looking to get involved with. So on an accumulation theme if we just simplify this with structure and if we identify what we call our critical range with the upside pivot downside pivot and a midpoint little point called the directional. We can you know overlaying these strategies on that for an accumulation. Yeah we're expectation is we want to buy depths you know buy low sell high. That's our primary strategy here. And so we're going to fade momentum off lower structure. And we're also going to potentially look for reversals. So if the market doesn't if it breaks structure. Well then now we've got an opportunity to execute a reversal. And so these are entry strategy themes for accumulation. And it's going to help us get involved in accumulating additional crypto at good entry areas where our risk is minimized. And we're going to use those same tactics for profit give back. So we're going to fade momentum into our upper structure. And look for momentum reversals at our upper structure. You know so if a market is going sideways or in a negative state. You know we're going to look to more fade momentum into upper structure. If a market is trending positive and generating you know by signal. Well we're going to use upper structure points and we're going to let the market take them out. We're going to anticipate this thing to break out to go. But then we're going to be ready that if this thing can't maintain a trade above that breakout. Well then that's a trigger that we need to protect our profit give back. And so we're going to use a reversal strategy to do that. And we can look at to hedge our mandate, hedge our net long position with momentum breakouts. And so those can be shorter term breakouts. So if we get a transition through the midpoint of our structure. Those are going to give us signals that you know kind of temporary. Do we want to sweat it or not. Versus you know really you know negative downside breakouts that are going to say hey this trend. You know we're no longer trending positive. This thing is shifting negative. And this could be a sustained you know break. And you need to do you want to do something about it. You want to hedge your position. And to leverage positive shifts we're going to do the same thing. You know we can kind of gear up and as the market starts to make a positive shift through the you know through our directional pivot point. Okay we can jump on that. It could has a potential to turn into something bigger but it's not needs to validate through our upper structure. If it does boom now a sudden you know it's kind of new game on. The market in the position to potentially extend to the upside. And so these are these are the strategies we're going to take a look at and see how they played out. And basically you can use this these tactics and it helps to. It really helps to give you focus and see clarity when you have a mandate. I highly recommend giving yourself a mandate when you're trading. So you're just not you know what do I want to do. No you've got a mandate and you're executing. And so these are these are you know basically the key strategies to do that. So let's take a look at the market and see what we got going on here. And Bitcoin you know before I get into this show you guys something some longer term stuff because it's interesting here. Coming into the end of the year so I'm going to I'm going to before we go into the microstructure. Let's take a look at the big picture for Bitcoin here. So what we're looking at here is a 240 minute chart. We've got our time frame structure here which identifies the previous quarter high low midpoint close. So this gives us some insight and just to kind of point out you know here's what happened during the start of the quarter. You know that that is identifying here's the previous quarter midpoint that's a great that's our momentum level. So this is this is a potential place to leverage up the market. You know it gave us this opportunity here but and it's you know we had this wind up within the previous quarter close previous quarter midpoint. You know just this basics you know factual structure you know really set up the quarter and you know we were talking about the settlement phase.  So you know this was you know Q3 you know basically the last two weeks of the quarter. You know we created this settlement range and you can see on the market press it to the upside press it to the downside. You know basically had this digestive action as we came into the settlement of Q3. And so now we have the opening of Q4. And so this structure is going to provide some guidance to you know here's that you know the last quarter the highest they could people would buy it. You know it was here and lowest and they pressed it to the downside down to twenty six thousand here. And so we created this settlement range. And this so this is what's what this is what we're teeing up for for 2024 with what's currently the price action that we're currently defining in the last two weeks of the year here. And so you can see here just these basic facts and how how they really teed off this major advance in Bitcoin for Q4. You had a settlement range so we know that this twenty six thousand level was the base. And then we had this you know let's say twenty seven thousand five hundred is the was the top of the settlement range. So immediately the market breaks out of the top of the settlement range is positive. And it continues to and then we also look at that midpoint. So the midpoint is basically coming in around the previous quarter close. So basically the market just had a lot of different features and we have let me pull this up a little bit so you can see it. Let's draw this in here. So you have the settlement range high settlement range low settlement range midpoint. And you can see that the market immediately said hey we're more positive in the new quarter. We have more buyers. We're getting above the settlement range high. That's positive. It came into the previous quarter midpoint which is our momentum level. You know so this is that you know this is that breakout level. And you know just as the settlement range can be a little wily. You know the first you know the opening phase is the same thing. You know so just as a settlement range people are settling up their margins. Well in the opening phase we got a lot of different you got funds that are coming in. Hey we got new allocations that wanted to start the start of the month start of this quarter. We've got to get that money in. We've got to get you know we have to do that. And you have other people that are getting out of there. You know we've got these people that want to get out. And so then those guys are selling. And so it just creates you know that you get this volatility during the start and the end of time frames that has nothing to do with anything. And it just and so you get this initial surge here. Bottom line you need to be careful. You need to be patient. You need to wait for the market to create this structure to give you clarity of what's happening. So you know basically after that timeframe you have these ranges that you can use to get some insight. And so that's what's happening here with the settlement phase. It gave us some insight that okay we know we know that this is a good base. We know that if we're trading above you know 27,600 it's positive. Then we look at the previous quarter range you know range that we have we got the previous quarter high low midpoint and close. We know that's our momentum level. And we know that you know if we're net change positive for the next quarter we're net change positive for the quarter. That's positive. And so we're hanging out positive. We can't go negative. We're still holding on to the settlement range midpoint. Stabilizes. Make a decision. And then boom we have this big news event when there's you know the ETFs. And that you know got this whole thing started and then we had immediate pullback. But the pullback came back down to the previous quarter midpoint. And we had this and so the settlement range you know gave us that breakout. And then you can also see if we take this there's a color here. So just as we have the settlement range we create an opening range. So that opening range let me just pull it back here. Basically so then we can use that range for you know for a signal. And so we had this basically broke us out of the ups of the quit of the opening range zone. So we have a bunch of things that are telling us positive and we're above the midpoint. What's the minimum expectation we're coming here. All right. So now we're coming into what are we doing now. But that's you know that that set up that whole rally just real simple facts. So basically. And this is life. Right. So we've got you know we're building this this settlement range is being built right now. The key thing to understand is that you know we this is this is going to be a big and important range for next year. And so as we're identifying this range you know keeping an eye on that midpoint because that's going to be a good momentum level. You know going back to just just different fact based tools that we can use to implement our accumulation profit give back downside risk and upside opportunity. This is it. Here you go. Here's your top.  Here's your midpoint. Obviously this is still in play to the end of the year. But the end of the year then that sets the base for the coming for that opening phase the first couple weeks of the year. And so we're going to use that. But this midpoint is a good level currently. So that's basically forty two thousand one hundred and Bitcoin. It's going to be a good base. Any questions on that. Okay. So I'm going to throw on the market structure just so we're since we're here and we're looking at this.  So here we had the sentiment bias which is our over under number by breaks above this point cell rallies below this point. And you can see and you can see you know the metric boundary was basically contained with that whole opening range. And so we had you know we had that settlement range below the market here just overlays. So this settlement range area of influence is going to stop at the end of the opening range and the open range is going to continue through the for the balance of the quarter. But this gave us you know understanding that we had the settlement range lows here. It gave it gave us you know more insight to that this you know basically twenty six thousand was our risk. And we could put the critical range on validation points. And so we had a market that's moving from sentiment and it breaks out to the upside doesn't validate comes back to sentiment. And then we validate here. So this is a validation point that tells us that this breakout from sentiment is good. And if we look at it to it to average price and distance move to segment move it's one to. So this is basically that target from this signal. This is a fresh signal because this is the top of our critical range. So that was the range that I identified earlier that we identified this upside to the downside pivot. And we have that mid the pivotal midpoint. And so this is a breakout telling us that this is one of that momentum signal. You know we didn't get the opportunity to buy down here and to accumulate. We did get a leverage opportunity to buy here. And since this was a positive this is a positive signal. We're not going to step in front of this and fade it. We're going to look for a reversal because we have it's a positive signal.  So they don't they don't tell us to adjust our profit give back. But if we traded back below 32,000 we would. But they don't. And so here this is a bigger signal because it's and hey we got a breakout. And since this is a breakout of this critical range what can they do it can go two segments higher. And so that's here. So they attained our target. So this is typical action where you had this beautiful trending market that attains a two segment move to a PMD move on a critical range breakout.  These are great. You know this is a great place just to stand just even standardizing your exits to two a PMDs to sell calls. You know this is a beautiful call cell because it's coming into a target. You don't have to get out of your hold but you can sell calls against this strike. Because you've already had this big acceleration you had volatility pick up and you're coming into a target area that your expectation is it's more likely to at least go sideways. And pause. And then we actually had a break. And so I'll put our validation points on here. And that break pulled back to our figure here. And basically we stabilized and we had this digestion within this zone. So within the 44,000 to 41,000 area of digestion. And that's just after attaining this target. And typically that's what happens. Typically this is it. It's just done for the year. We attained our target and it's going to go sideways and we're going to wait for new structure. The fact that we're trading up here is giving us, you know, and you know, and we're in the settlement period. Are we just going to have a churn settlement period? Or is this market ready to just extend up to the third target, which would be 51,000 basically strike. And that's what we're doing right now. So again, we're in the settlement phase. We're really going to know, you know, this is either the high of the move here or it is going to pull back or we're going to. We have potential to scale because like I said, people just want to, you know, they need to get Bitcoin on their balance sheet. So we can take this structure down to different levels. And this is the quarterly structure. So this is the, you know, basically the large structure that we're coming into right now. And now we're going to dive into what's happening at the moment right here right now using sort of term time frame. So, you know, let me just clear this and just kind of go there. So, you know, we can look at monthly structure.  You've got monthly alignment there as well.  At the same point. So we got all this alignment coming in the daily structure and daily we're breaking out. Let's go to that. Let's see a bigger picture in the daily and what's happening there. So this is the, you know, it's the same routine where we've got our range for the day. We have our pivotal midpoint. So, you know, just going over that same structure that we looked at for the quarterly. And so here we had the settlement range from last night. Same setup. And this is the beauty of the structure as well is that it just, it doesn't matter what time frame you're dealing with. It's all the same. And it's basically had a mirror of what happened with the quarterly happening here today on the daily because you have similar price map structure, meaning that the sentiment bias was in the middle of the critical range. Let me get rid of this. So here's our critical range was sentiment balanced. This anytime sentiments balanced. It's the potential for a move. Here's the four hour settlement range and how it contain the opening range. And then, you know, basically they basically narrowed. And it really defined the upper metric boundary of the directional. And when we got the breakout, you had a lot of different, you know, a couple, a lot of different things happening at the same time where let me get rid of the weekly. So just looking at the daily structure, we've got the previous days closed, previous days midpoint, previous days high, previous days low. Here's our settlement range. And we can see how the market stayed net change positive. And that's basically just under the midpoint of the settlement range. We tighten that up in the first four hours, you know, kind of just be patient. You wait and then all of a sudden the market gives that signal here. And here's the momentum level, the previous days midpoint and the market accelerates. And then building clarity, you know, okay, now we know the sentiment bias is here as well. So now we have more clarity that this thing wants to go higher and we, and this actually gets us in sooner. And then we validate here. And the expectation is that we're going to see a two APNB move, which is here. And when we get there, the expectation is it's going to pause and it takes it out. So this tells us we're good, but we might be a little ahead of ourselves. And so we had a, then we have a fresh breakout of this critical range. And on this pullback here, the expectation is, yeah, it should stabilize above this critical range positive situation, which is also the previous days high. So it gives you, you know, here we have clarity of this. And so when, and so this is what occurred here. So, so we have our, our macro structure and we're looking for the alignment with the microstructure. So we can, you know, the way I like to use book map with this on the microstructure, you know, we have this big intensity of trade happening coming into this, this here. But on the, you know, if we only, if we only have this and we don't know anything else, you know, taking into account that the expectation is that from this signal here, we're going here. We're looking for a two APMD move. So when we're coming into this area, we're getting this big intensity of trade. And we come in, we take it out.  But we, you know, we have, and we have all this resting paper that we're coming into here too. And the data is not going back far enough, but this is important because you had all this resting paper that this market's coming into. And this paper starts to line up actually here. So basically that's here. But it comes, it lines up all the way through this thing up to this point. So when I know that this is my target, but then I see all this resting paper in the book in front of this figure. And I still, and this, this stuff's been sitting there for a while. I know that, you know, I know this thing's going to run into some, I know this is the natural target. And I know, and then I have everything lined up. Bottom line, we're not looking to sell this thing, right? And we're looking to protect profits, but we're not looking to take a short position. That's for, you know, this is just kind of basic one-on-one stuff is if the market's above the previous days high, this is not interesting to catch this move. This is interesting to buy this break. And you don't want to mess around with taking this short-term opportunity or catching this little move to miss buying this. Because by buying this, you're getting involved with an opportunity that can extend up to here. And based on the longer-term stuff that we went through, it could be much more substantial. It could be a move up to here.  And it's really fast. So, you know, absolutely, you're coming into here, you're looking to protect profit, give back. You see all this liquidity that's building up at this structure point. So when it's coming into here, you know, it's running into trouble and it's already extended. So this was kind of natural. Where should the market stabilize? If it's really good, it's going to stabilize above the previous days high. And as well as, you know, you have structure here and you've got the market structure. It does it. So we get this coming into this liquidity, it's eating it up. Less intensity of trade here. And then we get the break.  So they're really, they're puking out here and right into a place to buy. So I like to see, you know, if you're getting, you're getting that happen on a break in structure below here. And it continues and it continues to do that. And we get, you know, and we get this kind of liquidity shift down. Well, then that tells me that things are changing. And that would be a reversal for that profit give back situation. The market was, if you start, started to see liquidity shifts move down, but we don't. Also with this, this resting paper, not moving and just sitting there. The market was going to want to go take it out or at least test it. So this turned into a great opportunity, you know, where you had people get excited. That was the expectation that if the market's going to extend higher, we actually posted this in the discord room earlier. Identifying this 43,500 levels, the base. But this is something, you know, when you have the right tools, this is something that you can do on your own as well. Because that's, that's just the, that's the decision matrix. That's the if then. You know, if the market breaks out above the sentiment, it has a potential to be rallied to a PMDs. If it rallies to a PMDs, it's more likely we're going to get some type of pause. If the aggressive buying is, if we break out of the critical range and we validate through the critical range positive extreme, any pullback to that level should stabilize if this thing's going to stay aggressive. If it doesn't, we're going back to a digestive trait. If it does, we can, the market can extend up to the UT2. So this is just all the same within the same method. So let's just do a shorter term one on ether. I'm not going to get into the longer term stuff. If you want to see the longer term stuff, I posted it in, in the room. I did a video on the longer term stuff on ether so you guys can check that out on our YouTube channel. And I also posted it in the discord. So we have our opening range or settlement range here for the day. Just clear this, clear this up for now just so we could just, just take, you know, keep this really clean. You know, here's our previous day is high, previous day is low, previous day is close, previous day is midpoint. You know, net change positive on the day is net change positive on the day. It's a good thing. What happens on the opening here? Well, on the, you know, here's our settlement range. It's so important to have a macro structure outlook before you get into the micro structure because otherwise you're just running into walls.   You're risking way too much just to participate in the markets to take advantage of smaller moves. You need to participate in the bigger moves. And there's no reason you can't. You know, you just have to get that clarity. And then once you have the clarity of what your mandate is, then you go into the micro structure to see, to see what the immediacy is, what's happening. Is the micro structure supporting that mandate? Because that's going to give you your timing. You know, that's the real power of the micro structure and the real power of this platform is it helps to time when. So with the settlement phase here, you know, this helped us up as well.  You know, we know net change positive on the day is positive on the day. You can't, that's a fact. And when we have the settlement range, we know that that high and that low are important. And right from the get go, we hold the previous day's close and we take out the opening settlement range high. It's just showing the sign of strength. The market, the previous session, it went above that as high as it would go in the previous session. And it tells us the market's a little stronger. And then what happens in the opening range? It likes to test the boundaries of the settlement range. So it makes a play for the lower boundary. So as long as we're above that lower boundary, we're still, you know, the market hasn't made a decision. But what it did do, it gave us a tell that it wants to go higher here. Putting the directional on there tells, gives a little more insight, a little different story where we're not so convinced. And we're really keen off of this previous day's midpoint, which is normal because that's our momentum shift anyways for the previous day. So we know that that's really the validation point for a higher move. So this market, you know, it's holding above the directional, but it doesn't really, doesn't press that metric. And here it presses below. And so what happens, the settlement range helps us with this identifying that, hey, we're still part of the opening phase.  So unless we go below 2170 on ether, you know, it's still not, it really hasn't validated anything yet. It's still this opening phase that's making the decision. And so before the opening phase is over, the market's back up within the directional, and then it makes this move. And now we get a validation above the previous day's midpoint. So here's that, here's that jump on. Let's put the critical range on here just so we can see, you know, here's the accumulation area. And here's a positive momentum shift. If we had a failure here, this would be a short term negative momentum shift down to this area. So we're at risk from 2170 down to 2120, but that's going to be where we're going to look to accumulate. One thing about ether that's different than Bitcoin is sentiment is above the market. So this is sell rallies below here by by breaks above here. So this is our over and under number versus Bitcoin was here. So Bitcoin was in a more positive situation. So I mean the market structure just told you that Bitcoin was going to outperform, was more likely to outperform ether just based on where its sentiment bias is. So let's put our validation points on here. So for this market, you know, it's gearing up, it's gearing up. It's excited with Bitcoin and it breaks out, but it can't validate to the upside. Again, it's all just a nip then statement. So the market can't validate here. It tells you there's an issue tells us a couple things here. We go above the previous day's high point. I don't have some of it here. So we have we have some liquidity here resting here at this level. And we know this is a big point and then it kind of builds up here. But we know this is a big point. So we have confluence. So as we're getting this breakout and we're getting this big liquidity push through our sentiment bias, our sentiment bias here, a lot of excitement. We're, you know, we know that this is the validation point. And we can see that the market is identifying that as well. So we have a full segment and a half move into major structure. And the market validates that structure here goes above it says it's positive. It's, you know, and we get this, we get this move does can't validate. And then when we start trading back below the previous day's high point, yeah, this is a signal that this is this trade is exhausted. This this positive move is in question.  So as the market came up here, this is that reversal signal where the market breaks out to the upside, but then it can't follow through. So instead of stepping in front of this positive signal waiting for the reversal, and this is a signal for the profit give back. And then as farther we go into the timeframe is as we start to come into the new settlement phase, you know, it's more likely just going to be sideways and we're going to tee up for the next session. And so then we'll identify the settlement range coming into the new period. And we'll use that when the market reopens up here for the new structure at 6pm CST time and midnight UTC time. And then using the order book, you know, so on this break here, this is another one of those situations where you had, you know, based on our structure, we know that if the market stabilizes here, a lot of times it's going to look to stabilize here. It's just symmetrical around this sentiment bias. It's just behavior that is typical and it happens on any timeframe. And so as the market's coming into here and you get this, you know, this big sellers and you have this resting paper here that's in alignment with structure and the expectation is the market broke out to the upside, couldn't follow through. And so we have more of an exhaust into a sideways trade potentially for the balance of the trade period.  I mean, it's not a big move, but it's a money. And so now, and the other thing I like with this setup here for Ether is we've got the VWAP coming in, you know, basically at the figure. So if at the end of the day here, so we did have this exhaustive period, it came into this structure here. So now if we start this, you know, we're not seeing this right now, but let's say we see this liquidity start to shift up and it starts to defend this area and then we see it continue to press up. The trigger would come at the market, you know, getting back above the VWAP here, which is going to put us back above sentiment with the potential coming into the settlement period that, hey, we want to get in, you know, we want to get, you know, the settlements either going to be digestive and go sideways. Absolutely, we could squeeze back down to, you know, 2200, 2190, this area. But if what's, you know, what's, you know, when we look at the longer term structure, it's a little different. Let me throw it up real quick.  So, and this is something I identified in the video if you want to go through it, that this, you know, 2250 is a big turning point. And so you have that kind of in alignment, this liquidity just a little bit above it. You've got the VWAP coming in here, but basically we start trading back above this VWAP back through the sentiment. That's the upside trigger. And until that point, it's just, it's not that interesting. It's more sideways. So having a mandate makes things easier. Having, you know, identifying the facts and the structure gives you clarity. Having a tool like ours to identify the market structure helps you anticipate opportunity and proactively manage your risk. And then observing the price action within structure and using the microstructure to give you insight to time your opportunities. That's the process. You know, basically just you're going from microstructure into the microstructure to get clarity of when the market's ready to do something. Looking for, you know, intensity of trade and liquidity. Looking at where the market resting paper is that's supporting within structure. Where's the alignment when you have resting paper in the middle? It's more likely this is just, you know, something to eat up to take out. Looking that, you know, this, seeing this liquidity move away from this is an interesting thing that if we did start to rotate higher, it's not going to be defended as much. And that could be potential validation of a new move. But also this structure is going to change in five hours. So these are great, you know, definitely if you're involved in crypto, you're probably holding. And if you are absolutely always having these in the back of your mind along with any kind of day trading you're doing. But things should kind of shift, you know, when you keep your brain set in these modes, it makes it a lot easier. It really does. And again, you know, I invite you to visit us at DharmaCapital.Trade. We'll, you know, set you up with a trial with our integrations. We have an integrated, you know, we have our integration with Bookmap where, you know, our structure is identified in the cloud notes. And we're using the consolidated order books. And we have our, you know, we have our integrations with other platforms as well for a bigger picture, so for the macro structure. And if you're interested in our playbook, I didn't go over that today. But that helps to identify, you know, really the state characteristics of a market, its structure and the strategy themes to, you know, look for that are basically controlling the market on a macro structure. As well as some options, insights to, you know, that you can incorporate into your trading as well.  And, you know, using the order book as well to give you insight to when to do it. So feel free to contact me, you know, DM me directly in Discord. You can also email us at info at DharmaCapital.Trade. Hope everyone is all geared up and ready for these holidays. Markets are definitely teed up for something interesting for 2024. So enjoy the time with your families. And best of luck. Cheers.


Leaving the running bag leaving the running bag. This is weird first time in I don't know Almost nine months that I have not had to grab my running bag before going off to work Leaving the running bag. All right. Here we go taking that break taking that break everybody Back from work. What a day the day goes quickly, right? It always goes quickly as runners because you're trying to fit in a workout work Family life. It's just like days go quick. So you've got to live in the moment live in the moment as I like to say All right here. Just hanging out with a t-shirt and by the way, we're gonna talk about work later in the week That's coming up. Stay tuned. But first I before the Sun goes down I want to talk about the t-shirts and this t-shirt. This is Officially my favorite t-shirt in the entire world right here. Oh besides this one, of course, right Jeff? It's but this one is actually more comfortable So I am listening to your comments I'm reading your comments on Strava here on YouTube and bottom line you all are very interested in Acquiring this t-shirt which Jeff designed Jeff is a fan. I did not ask Jeff to do this I did not ask anybody to do this Jeff did this out of his own inspiration and motivation and it's amazing and Jeff Thank you again and basically a lot of people want this t-shirt now So we're coming up with a strategy. In fact, I am talking with Jeff and talking with the Designer and we're gonna get this t-shirt printed for all of you But I need to figure out basically the framework for accepting Orders of this t-shirt. Here's where I'm at with this t-shirt design It appears we have struck a chord with people across America and around the world And it's amazing and it's inspiring you you out there You're inspiring me to continue moving forward and this t-shirt is just a one little sign that We probably have struck a chord in a good way because we all love it appears Based on your comments and just your how much you are committed to watching these daily vlogs You're committed to seeking beauty working hard through your running and loving each other Therefore I I love this design. I think it's amazing it's I like I had no idea what was showing up at my door a couple days ago and Therefore I had ideas in my mind for t-shirt designs. It wasn't this and that's okay But I love this and here's so here's where I'm at Basically, I need to get my ducks in a row with respect to a little bit more Branding for this YouTube channel moving forward and I've got people I'm talking to but listen. I'm not a graphic designer It's not my thing. I like video production graphic design not my thing All right, but I know people who are really really good at it And so what I'm thinking is that this t-shirt right here will be The first t-shirt available for this family this YouTube family. All right, this one right here and Therefore it'll be a limited release a limited edition release t-shirt So I'm not gonna maybe and you know, maybe down the road. It'll come back out But for now, I'm thinking that True love and I will be able to print X amount of t-shirts and as soon as they are available and I'm not sure where yet But when they are available, I will let you know of course and then boom whoever gets them gets them And then they'll kind of be done and again I want to make sure that any articles of clothing that are branded with this channel are high quality and yes Yes, I'm gonna say it right now could be worn on a Long run like I would wear this and that's this is not a dry fit t-shirt this orange one But that I would wear this on a 20-mile run. It's that Comfortable it's it's just absolutely incredible. So that's where I'm at with a design process Thank you for listening to that and I'm excited. Stay tuned for when this t-shirt will be available I'm working on it right now All right time to open a box that arrived in the mail All right, ladies and gentlemen ha 2018 is coming to an end Yesterday was my last run of 2018. It was a little strange today not going for a run I'll be honest and not to share that run with you here on YouTube, but this is reality I got a rest for two weeks. No running just rest. I'm so excited But your comments from yesterday's vlog about overtraining just so you know in my humble opinion I think they're the best comments ever With respect to the entire community really diving in to sharing their experience with running and Specifically about overtraining They're blowing me away. They're just blowing me away. All right, but we're not gonna talk about that right now folks 365 days ago I set Five goals for running in 2018 five goals. How did I do? Let's look back here is goal number one Number one stay healthy number one stay healthy That if you if you're not healthy you can't run. All right, so there's a lot of different ways to stay healthy I know I'm gonna get injured, but it's how you deal with those injuries after 20 years of running That's right. I started running in 97 98. Oh Get a little old Yeah, so I've dealt with my fair share of injuries whether it's stress fractures plantar fasciitis tendonitis What's the one on your knee your menace? Yeah, your meniscus. Oh my god. I've dealt with it all so number one Stay healthy to stay healthy That is crazy to go back and watch a year later because guess what I called it I got it. I got an injury. I had an injury plantar fasciitis like I have been running for 20 years I've been doing this long enough to just know like you got to be ready to roll with the punches now I was able to run through it. I really like I def it was not fun It hurt at times this year with plantar fasciitis, so I did not stay completely healthy But I also knew in my mind There's a really high likelihood that it's going to happen, but I did my best going to the gym Stretching I need to do better in 2019. Anyway, I'm going to do a Fail on goal number one. I did not stay healthy. I had plantar fasciitis and it hurt It really hurt. So, whoo, that's that's connected to 2019. We're gonna talk about that a later time. Okay Goal number two. All right, you ready for this? Goal number two If I stay healthy, I think I can run 400,000 vertical feet in 2018 meaning up up a mountain 400,000 vertical feet. That's what I didn't I didn't come close to that this year to that or last year 2017, but that is goal number two a big goal big goal 400,000 vertical feet. So I love running uphill You know this if you've been watching this channel for a little while like I just love Mountain running. I'm pretty good at it. Like it's it's probably my niche is and specifically Pretty steep uphill running not just like mount like not just hill running or rolling hills like the uphill running 400,000 vertical feet. That was the goal. Well, I just checked on Strava Came up a little short came up a little short 300 in about 25,000 vertical feet in 2018 not bad. We'll take it. I knew it was a big goal I remember when I picked that number 365 days ago that it was gonna be a huge challenge and I actually think there's a higher likelihood That I could hit that goal in 2019 we're gonna talk about that at a later date though. So I did not hit that goal goal number two All right, goal number three goal number three if I hit 400,000 vertical feet, I think I can reach number three. That is win a race I want to win a race. Remember in that vlog last year I got lost with a mile and a half two miles to go in a half marathon in Highlands Ranch I was not pleased. The course was not marked well. So goal number three is to win a race in 2018 win a race win a race and guess what this happened in July But now we get to do three or four miles of uphill. This is where I'm gonna make up ground. I'm in third place All right, let's go Second place in higher good friends in 2018. All right That was the under armor 50k race at Copper Mountain. It was a 32 mile course. So two 16 mile loops. I believe there was about 6000 feet of vertical in the race my type of race. It was amazing. It was a great day a fun day I was in third place as you saw there for most of the race crossed the finish line in second place Good old Strava good old Strava a couple people brought to the race director's attention that First and second place on the first 16 mile loop Missed a turn they and it turned out that they cut the course and cut quite a bit of the course off But it looked like about a mile and a half they cut off. So I won I won the race. So goal number three. I accomplished that goal. I won a race It was a little strange a little bittersweet because I didn't cross the finish line in first because you know the other guy had already crossed But it turned out that first and second place had cut the course. They didn't do it intentionally But you know cutting the course is cutting the course like that's just the reality of the situation And so yeah, I'm gonna claim that as my victory in 2018. So I won a 50k race. It was a beautiful day It was fun and yeah, so goal number three Bonus goal number four. Oh Goal number four is to run and complete Nolan's 14 and or and or a Long long long ultra race probably in Colorado, but it doesn't have to be that's where I live in case you're watching this out Of state if you don't know what Nolan's 14 is go watch that vlog or just Google it in a bunch of informational come up All right, Nolan's 14 or a long long ultra race. No dice. No dice I don't so I I ran 150 mile race this year and 100 mile race this year. I DNF'd in both races DNF did not finish. That's not fun One was an injury the 50 mile race and the 100 mile race I was battling the plantar fasciitis and frankly guys I just don't know if this body if I am built for Long long distances at this point. I still have dreams in like 10 years from now running a hundred mile race But let's just say I learned my lesson in 2018 Long distance racing is not my forte. It's not my best Distance to focus on moving forward huge lesson learned in 2018 I'm beyond excited now to focus on the 50k the marathon and The half marathon uphill running aka the pikes peak ascent. All right goal Number five goal number five to start a running group in Denver, Colorado That's right. If you're watching this and you live in the Denver area. I want to run with you So that's goal number five is to start a running group. There you go goal number five start a running group I did not do that life happens, right? You get busy you got to schedule these things It gets big life gets busy Therefore goal number five. I'm gonna actually call it right now goal number five is vaulting to the top of the list for 2019 and it's going to happen January 2019 and frankly I'm just gonna put myself out there right now Starting the first week of January 2019. We're gonna talk more about that at a later date. Unfortunately guys I don't live in Singapore England New York You know, I can only be in one location at one time. You know, when can I buy locate? When can that happen? I would love to run with you guys all the time, but for now, it's got to be in Denver Specifically the front-range area and so yes, I will be starting a running group in early 2019 that first week stay tuned for more information Possibly even tomorrow. I'll be talking about that. So goal number five In review goal number one stay healthy goal number two 400,000 vertical feet goal number three win a race goal number four complete a long race or Nolan's 14 Goal number five start a running group. I only got one of them I only got one of them goal number three win a race So guys that like I shoot for the stars sometimes right and you all we all set goals And I was pretty close on a couple of them that fifth one kind of kicks me that not that I did not get a Running group off the ground, but frankly, I don't think I was even ready for it But now like now that we have this family here on YouTube. It's gonna happen like that it's gonna happen so I'm excited for that and So the key word of course is goals and the question of the day Did you set running goals for 2018? If so, what were they and? How did you do? Did you achieve them? Did you fit? Did you fail on a couple of them like me and listen like fail is kind of a harsh word, but like We all it's I don't dwell on it too much. I'm a big fan of setting high goals and You got to keep them within like that 400,000 vertical feet like I was 75,000 vertical feet short Which is a lot. It's a lot I think that's two Mount Everest if that may you know to Mount Everest stacked on top of each other It's a lot but Anyway, I'm not I don't regret setting high goals because I think then you can really really strive for them And I'm gonna talk about my 2019 goals here in about a week because I'm still trying to formulate what they will be And I'm excited. Thanks for answering the question of the day and that is today's running running vlog Even though I did not run today, but I'm really really excited to read your answers down in the comments To see how you guys did like it's a big deal. It's a big deal.  Let's do this. All right guys See beauty work hard


Welcome everybody to Unfilter with Pastor David Pastor. Thank you guys for tuning in. You know pastor I wanted to ask you a question or talk a little bit about This kind of this concept that I can hear in different circles You know the Lord has blessed this ministry and we have We have a couple of services and and there's a number of people that come that Really joy being part of this ministry, you know and they serve in a lot of ways But there are those who Desire a personal more personal relationship with you and Being that we are in a place with multiple services and a number of people coming How is it that you're able to be the shepherd of these people? But yet it's not going to be as personal as they would like How how do they how what first of all? What do you think about that when you may hear something like that? Well, I used to go to a smaller church and and I had a personal relationship with the pastor He'd come over my house and we'd eat dinner We're here. It would be almost impossible to do that with every single person So how would you how do you navigate through that? You know one of the ways that we had to approach that? Was and it's I think a very natural way John for me at least is I have never felt on a personal level that it was Something that I could even possibly do get to know every single person and and their stories and Family and things of that nature. I just have never had the the capacity of doing that In the in the beginning of our church that was much more possible because we had 25 maybe 30 adults and 15 children that that was not difficult at all, but I read Something and and I think it's true So I'll quote it that it's usually at the point of around 200 members that the pastor Begins to have difficulty remembering the details of so many lives and there's some truth to that because that happened to me between 300 or so people So I had to make adjustments And the adjustment was you know to be available to those who had any desire to to say hello visit or whatever And over the years I've continued doing that as you know in between first and second service I am habitually out there anybody who would really want to say hello visit or whatever I'm available for that and on occasion. I'm I'm able to be at different events in the church You know a men's thing here or whatever and I'm able to just to be amongst the people who would like to visit You know, I don't want to put it on myself as if I'm that important that they need to know me on the other hand I want them to know that it's possible for us to visit too So I try to make myself available in that way, but the way that I've tried also to handle the the amounts of people that we minister to and all has been to try to Impart the vision God gave to me Into the hearts of other men, you know like Paul said to Timothy in 2nd Timothy 2 That which he had received he is to give to faithful men who can you know Give that to others and so I've tried to to raise up men in our fellowship who are capable of Ministring to people and so we have a good-sized group of men as well as redid the same with with the ladies Who are able to if they can't get specifically to us me or her Well, there's always somebody there that we can say This person has been trained. He loves the church. He loves He loves the people of the fellowship and That person can be of help and that's what we've done over the years John, you know over the last 41 plus years that I've pastured this church I had to come to realize that I I cannot get to know Every single person on every single level. That's possible So because that would not have happened in any other work site any other place that I worked You know when you have you know the number of employees that we have here then you have the number of Individuals who attend and the different services When you start accumulating the numbers that that are potentially here very often are here You realize that it's just not really possible for me Marie or any single person to get to know Every person I have said in the past that I Would have loved to been able to do that because I do like to know the sheep and on occasion I'll be at a restaurant. You've been with me more than once where somebody will walk up and start talking to us and And I love that I enjoy speaking face-to-face and visiting with people and the best that I can do is pour my heart out in the word of God to the people and share with them and Encourage them because at the end of the day The greatest gift I can give anybody is a well-crafted Bible study that has Potential to be applied and to change a life Right and so that's what I have satisfied my my heart in doing is to prepare the very best meal I can for this family and When given opportunity to spend even a moment with somebody to take that moment and enjoy it with them so I train people up I give them the Bible studies as as I do and I pray for them often, you know as a cluster group if you will I pray for a fellowship. We all do and And I think that if people are coming to receive a Bible study and To get to know Jesus that that's possible here and the way and and we've talked about this off camera The way that you really demonstrate the love and shepherding the flock here is by giving them the word of God a life transforming message and and so It's amazing to see the men and the women that have been raised up that have been a representation of your heart and in a lot of senses to minister to the people and And you know, I know this first Oops, I know this first-hand pastor is that I see how much you love the church I you talk about it. I I see it and And and it's amazing to see the love and the and the dedication that you have for our church Well, you know what that's that's It's easy to love the people of this fellowship John But because by and large the the majority overwhelming majority of those whom I've gotten to know on any level Have been wonderful people people that that that you can't help but but love and and that's true So I do what I can you know, we have our mentoring class every other week I I meet with a group of men, you know, I I'm out as much as I can doing as much as I can and ministering to as many as I can and Yet I've multiplied my hands with men like you and others, you know Dave Bustamante and others who are you know our expressions of the the heart of our ministry and so if people come to church Such as ours to attend fellowship in a church such as ours I can guarantee there are quite a number of people that they can get to know and who will will prove to be Good brothers and or good sisters and I Learned a long time ago. Somebody pointed this out It's true that if you go to a church that has any number of people a good good good amount of people If you can see at least seven people in in your area that you can say by name and nod and appreciate Then you feel at home. You feel like you're in a community and I think that's true We if somebody takes some time to meet some and the way you do that It's how many different things do we have opportunities here besides the Bible studies? You know athletics ministry small groups that we do have the events that we have we have, you know A very busy fellowship, you know if you take some time To to meet one or two three or four people so that when you come to church You can see them recognize them and and greet them and maybe even have lunch afterwards with them I think that that that's the best I can do is to make it make something like that possible and so The ones that that move from place to place are usually the ones who have never rooted and They're not grounded in a place. They're not really committed not to say that some have left because They've been hurt and maybe a real hurt that that wasn't it wasn't really doubt with or whatever But majority of people that that I've seen over these many years of ministry who uproot themselves and moved on is a majority of them have not really been that involved not really made that many friends and So for them it wasn't difficult to get up and leave And that's really something that unfortunately many churches deal with we call it church hopping Where you move from place to place, but the Bible teaches us that we ought to have a community John that That we should know one another to the best of our ability so we could pray for one another and encourage one another Exort one another comfort one another Greet one another there's so many one another verses in scripture because Jesus didn't create some cold Climate he he wanted us to be the body of Christ and also my encouragement to those who may be discouraged in this Fellowship or another is to examine whether or not you're involved to examine how involved are you and if there's a real need of some Sort for for a healing because of a difficulty then Let us know and we'll do everything we can to to bring about the peace that you need Amen. Amen. Well pastor. Thank you so much for sharing on that and then the opportunity if you don't want him to get to know Who you are? More important know Jesus Christ has come to the services Just come to church and come to church and even as a covert restrictions have lifted What a great opportunity to come and be part of the church family church family I want to thank you guys for tuning in remind you that we do have our Sunday morning services at 8 30 and 10 45 Pastor you're taking us through the book of Mark Yes, I am and so a great opportunity inviting friends and family to come on out and then looking ahead just a little bit December 18th save the date the catinas will be coming out. We'll be showing a video a lot of people don't know who they are Never heard their music their Samoan brothers that that they could harmonize like I love these guys in every way They're their servants of the Lord their brothers to us and they they sing like a sanctified Temptations Great amazing guys, I love they'll be out for our services on December 18th Which is a Sunday morning at 8 30 and 10 45? Invite your friends and then even looking a little beyond that we have our Christmas Eve service Which will be Saturday this year at 6 p.m. I in the sanctuary and then we'll have our regular Sunday morning services Sunday Christmas morning 8 30 and 10 45 Again church family great way to invite your friends and family to come and out even invite your enemies But to come out for a blessed time and again pastor David Thank you so much for spending some time with our church family church family. Thank you for tuning in. God bless you We'll see you soon


So I work on it. I've got an Intuos 2 here, a little bit of an off-the-cuff modeling workshop. We're going to talk about a few different things. Dynamic topology sculpting including repairing 3D scan data. We're going to look at actually sculpting with dynamite. If anybody has seen, he's trying to scan basically everyone here. So this is, this is actually the result of one of those scans. This was not done here. This was actually done at SIGGRAP. And it actually includes all the texture data. So this is scanned from an iPad. Actually, tell us if you want to try for lights. Maybe just turn it down a little bit. Okay, so with the scan data, a lot of times you might use this for 3D printing or for prototyping or for doing visualization. But generally, particularly if you look at the actual mesh, there's not a lot of detail in it. So there's a few different things we might want to do. We might want to add in more detail. We might need to clean up the data. There might be holes in the mesh. And so let's actually start a fresh file. And I'm just going to actually import the original OBJ. So this is the actual OBJ that was exported out from the scanner. And there's a couple of things with it. Number one, notice it does actually, it actually has a material, although it's set up with Blender internal. So if I wanted to see the textures, I can just really quickly, but there's a couple of problems with it. So number one, it didn't capture my hat very well. And there's actually a couple of holes in it. So there's a hole here. And so both of these, we would probably want to get rid of if we were printing this, or if we wanted to turn this into an actual model of some kind. We'd probably want to update it. Sorry. There's a little bit more room on the floor and such. And there's some room over here. So if we wanted to build this, just to start by cleaning up the data. And actually, as far as 3D scan data goes, this is really good. Most scan data that you get will often be have basically just a point cloud. There'll be holes all over the place. And, you know, the fact that it actually got under the hat and things like that is pretty good. Now I think that maybe the scanning software has some post-processing to try and fill those holes automatically anyway. So that definitely helps. But what we're going to do is we're just going to fill it easily with Edmode and dynamic typology. So I'm just going to switch in Edmode. Since it's not a super high res mesh, it's actually pretty easy to just go in here. And I can just go into vertex mode and then in wireframe, using just something like a circle select, just grab that whole area and just delete them. I really don't care about it being clean. It's already triangulated and messy and whatnot. So it's not a big deal. Oh, there we go. Is that a little better? So let me turn off the lights. So I don't have, you know, I don't need to worry about it being clean. I can just grab it. And then all I want to do is I can just select all my non-manifold edges. So basically any open edges. And I can do that just by using the select and it's there. It's non-manifold. It's also Ctrl Alt Shift M. And it's just going to select all of those vertices. Now you notice that in a couple of these, it's left a few dangling triangles. And so I can actually just hit X. I'm going to delete faces again, which will just ensure that all of those open triangles get deleted. And then I can select that one. Yeah, edges and then select it. And then we're just going to hit F. There we go. So hitting F to fill it will work. And you can see that it's captured both sides. So both sides are filled. And so then I'll do the other hole. Again, just use the circle select, grab some of those vertices, hit X, delete them, select my non-manifold, hit F to fill it. And that's it. So the holes are filled. Now they're flat. And the thing to note