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Hey Trader,
The Power of Words in Your Trading Journey
In trading, as in life, the words we speak and the thoughts we entertain can shape our mindset and outcomes.
Wisdom guides us to use words that build, while foolishness leads to destruction.
Let wisdom guide your words and actions in both the market and in your relationships.
A wise and gracious approach will always lead you toward growth and success.
Be Relentless In Pursuit Of The Will Which God Has Set Upon Your Heart,
Anthony Speciale
$8.1K PROFIT Targeting Liquidity BEFORE 5:30 AM
Hello traders, Anthony here with Speciale Analysis. I hope you’re having a wonderful day. Today, I’d like to take a few minutes to walk you through the trade I placed earlier this morning.
We’ll dive into the details of when, where, why, and how it all played out, and I’ll also share some charts and images to help you visualize exactly what transpired.
The Trade Overview
This morning, I traded Light Sweet Crude Oil, which is the market I exclusively focus on.
Using a five-minute chart, I was able to identify the setup that led to my entry, and I’ll break it down for you here.
I also reference a four-hour chart for a broader view and use various volume tools that help me see liquidity and key levels.
My goal is to give you a step-by-step overview of the process and show how all of these elements come together in real-time.
Tools of the Trade
In addition to the five-minute and four-hour charts, I utilize a few different tools to analyze the market.
One important tool I use is a Bookmap, which displays the liquidity in the market.
This allows me to see where large orders are sitting and helps guide my decision-making. Another key tool is the footprint chart, which I’ll show you in this post.
It was instrumental in prompting me to trade toward a very specific price point.
I also have a separate screen where I run a reference chart with traditional indicators, as well as a live order flow footprint chart.
This setup gives me a comprehensive view of the market and helps me stay informed on all the moving parts before and during a trade.
Entry and Execution
In this particular trade, I entered after identifying an important area on my footprint chart.
This chart allowed me to see where buying activity was strong and helped me choose an optimal entry point.
The price failed to break through the VWAP's, and once I saw the market hold, I decided it was time to pull the trigger and enter the trade.
I placed my stop just above the retested VWAP's to manage my risk effectively.
This was a strategic move to ensure that if the trade went against me, I wouldn’t experience a large loss.
I also had a clear profit target in mind, which I set based on the next significant area of liquidity displayed on the Bookmap.
Results and Reflection
Unlike every trade, this one played out exactly as expected. After entering, the price moved in my favor, and I was able to secure a profit as the market reached my target.
Watching the order flow and using the footprint chart helped confirm that I was on the right side of the trade, and it was a great example of how patience and precision can pay off in trading.
You can watch the video of the trade to see how it unfolded in real-time:
In the video, you’ll see where my stop was placed, where I took profits, and how the footprint chart helped guide my entry.
I’ve also included images of the footprint chart (imaged above) so you can get a closer look at the specific areas I was focusing on.
This was a straightforward trade that followed the typical setup I look for in Crude Oil.
It’s always important to have a clear plan, stick to your strategy, and manage risk effectively.
I hope this breakdown gives you some insights into how I approach trading and how you can apply similar techniques in your own trades.
Stay informed, stay focused and stay disciplined ! ! !
Thank you for reading, and I look forward to seeing you in our next session . . .
God bless, and have a wonderful day!
If you have any questions or need further guidance, please don't hesitate . . . info@specialeanalysis.com May the markets be ever in your favor!
Happy Trading,
Speciale Analysis
About the Author:
Anthony Speciale is a seasoned market analyst with over 13 years of experience trading. Through his platform, Speciale Analysis, he offers in-depth market analysis, interpretation, and expectations designed to help all types of traders, at every skill levels reach their full potential.
Analysis, Interpretation & Expectations
Day, Swing & Position Trade Analysis
Daily LIVE Market & Orderflow Analysis
NOTE: Trading involves significant risk, and it's essential to approach it with a well-defined strategy and a disciplined mindset. This blog post is intended for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making an financial decisions. For further risk related information, please refer to: www.specialeanalysis.com/disclaimer
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