Hey Trader,
The Power of Words in Trading and Life
In trading, as in life, the words we speak hold incredible power.
Speak life into your trading journey.
Encourage yourself with positivity, patience, and discipline, and you’ll see the fruit of your efforts grow in time.
Let your words empower your path forward.
Be Relentless In Pursuit Of The Will Which God Has Set Upon Your Heart,
Anthony Speciale
$9K+ No News Tuesday - Spotting The Opening Bell Reversal
As traders, we know that every day presents new opportunities, and this morning was no exception.
Whether you’re a seasoned trader or still learning the ropes, the key is to focus on making calculated decisions based on solid market analysis.
Today, I want to share some insights into the trades I made, the opportunities we identified, and how I approach the market with precision.
I’ll explain the rationale behind each move, what I saw developing in the charts, and how I responded in real-time. Let’s dive into the details.
Early Morning Market Analysis
When I entered the market this morning, I noticed we were hanging near the rolling VWAP (Volume-Weighted Average Price) on a 4-hour set.
VWAP is a critical tool for identifying areas of support and resistance, and today, I used it to guide my trades.
I took a couple of small short positions as the market pushed below the VWAP, but quickly exited with minor profits.
The price action was showing signs that we might not retest that area, especially when considering the order flow readings near the prior lows.
The Third Short Trade: Identifying a Key Resistance
The real opportunity came just before the opening bell.
I saw a solid resistance level, and I took a short position for the third time, this time with greater conviction.
As a part of my trading services, I provide these key levels to my clients for both the S&P 500 and Crude Oil markets.
As expected, the market reversed sharply at that key resistance point, and I quickly locked in profits once again.
Timing is everything in trading, and capturing these reversals allowed me to capitalize on the momentum while minimizing risk.
Managing Risk and Advancing Stops
One crucial aspect of my trading strategy is how I manage stops.
I always look for opportunities to protect my gains by advancing my stop as the trade progresses.
This morning was no different. By moving my stop to lock in profits after each significant move, I ensured that even if the market reversed, I was protected.
Right before recording this video, I advised my clients that if the market broke the low of a specific candle, we would likely see a continuation to the downside.
We were eyeing potential targets near previous lows, and possibly even a break below those levels. It’s all about following the evidence the market provides.
No Major News, Just Good Trading
One interesting point about today’s session was the lack of significant news releases.
Without any major economic data to disrupt the market, it was a fairly smooth session.
Sometimes, no news is the best news because it allows the technicals to play out cleanly.
The S&P 500, NASDAQ, and Gold all saw upward momentum early on, providing several great opportunities to go long.
In the Crude Oil market, however, the action was pointing towards a potential move lower, which we were ready to take advantage of.
Lessons for Traders
There are a few key takeaways from today’s trading that I think every retail trader can benefit from:
Identify Key Levels: Use tools like VWAP to spot areas of resistance and support. These levels can provide excellent opportunities for both entry and exit points.
Protect Profits Early: Don’t be afraid to take profits when the market gives you the chance. I exited quickly on a couple of trades this morning, locking in small gains, because I wasn’t convinced we would retest certain areas.
Advance Your Stop: Managing risk is crucial. As a trade moves in your favor, move your stop accordingly to ensure you protect your profits.
Stay Focused, Even Without News: Don’t rely solely on economic releases to guide your trades. Good technical analysis will always give you a framework to operate within, even on quieter days.
What’s Next?
I’ve documented all the trades I placed today in detail—where I entered, where I took profits, and how I managed my stops—inside the blog post.
You can see exactly how I traded, learn from my process, and apply similar strategies to your own trading.
I’ve also discussed the opportunities we identified in Gold, the NASDAQ, and the S&P 500, so make sure to check that out.
If you want to follow along with me live during my analysis sessions or gain access to the real-time levels I provide to my clients, there’s a link below to join.
I hope you found this breakdown helpful.
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
Comments