Hey Trader,
Finding Patience and Trust in Trading
In the fast-paced world of trading, patience can be one of the hardest virtues to maintain.
But as we navigate the ups and downs of the market, it's essential to remember the wisdom found in:
2 Peter 3:9 - "The Lord is not slow in keeping his promise, as some understand slowness. Instead he is patient with you, not wanting anyone to perish, but everyone to come to repentance."
This verse reminds us that patience is not a sign of delay, but of purpose.
Just as the Lord is patient with us, ensuring we have every opportunity to grow and succeed, we too must practice patience in our trading endeavors.
Trust that every step, whether it feels slow or challenging, is part of a bigger plan for your growth and success.
Keep faith in your strategies, trust in your journey, and remember that great results often come to those who wait and persist.
Let this verse inspire you to embrace patience and trust the process, knowing that every moment is a step towards fulfilling your goals.
Wishing you calm and clarity in your trading journey!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
Calling the Session LOW - Profiting from the Break of Prior Day HIGHS
Welcome to the blog! Anthony Speciale here with Speciale Analysis.
I cannot wait to share the live trading insights from this session.
We navigated a strong trending market, and the results were phenomenal.
Setting the Stage: Market Conditions
Our focus was on Crude Oil. While the NASDAQ, S&P, and gold have been tough to trade recently, crude oil presented a clear opportunity.
The NASDAQ and S&P reached new all-time highs, which often leads to a day of consolidation or indecision. But today, crude oil took center stage.
Strategic Focus on Crude Oil
This year, I decided to significantly increase my exposure and risk.
To manage this effectively, I focused on trading just one of the four markets we analyze: NASDAQ, S&P, Crude Oil, and Gold.
This focused approach allowed me to provide the same high-quality analysis and expectations for all four markets while concentrating my trades on Crude Oil.
Analysis, Interpretation and Expectations of the Market
During this session, we entered the market with a clear plan. Despite the choppy overnight trading, a key low point was identified just after 4:30 a.m., which I highlighted as a potential low for the session.
Here’s why:
Previous Day's High and Selloff: The market had a significant high, followed by a notable selloff. It then broke the high and found support, setting the stage for a strong rally up to $80.
Support Levels: This support level was critical, and it served as the foundation for today’s trading strategy.
Live Trading Insights: Speciale Analysis Experience
At 8:00 a.m., we gathered live and discussed the potential low for the day.
I emphasized that while anything can happen, this level was a key area to watch.
Our patience paid off as the market opened and began to trend upward.
By 9:40 a.m., crude oil broke through the identified prior session highs, signaling a strong bullish trend was intact to the upside. We had clear targets set at 80.40, 80.60, and 80.80, with additional targets for further movement should we need them.
Executing the Trade
Upon breaking the highs at 80.05, we employed a disciplined approach:
Profit Targets: At 80.40, we liquidated part of our position to secure profits and moved our stop to the entry point, eliminating risk.
Further Profit Taking: At 80.60, we took more profit, covering two-thirds of our position. This method ensured that we paid ourselves while protecting our capital.
Managing the Trade
As the session progressed, our reference chart showed a break of the 21 EMA, indicating the potential end of the near-term run.
At this point, I expressed consideration for exiting the remaining position or tightening up stop losses. Our strategy allowed us to perfectly identify the session's low, the high break, and two of our three expected profit targets.
The Outcome
Despite not reaching the final target, the trade was highly successful.
Securing profits at 35 and 55 ticks, ensured a comfortable and profitable trading session.
This calculated approach to taking profits and protecting positions is crucial for long-term sustainability and overall success.
If you’re already trading successfully, that's fantastic! If you’re not yet at the level you want to be, consider joining me live in the mornings for market analysis.
Whether you trade stocks, futures, forex, or cryptocurrencies, having access to professional analysis can significantly enhance your trading approach.
Our clients benefit from comprehensive analysis, interpretation and expectations - including the ability to request specific market evaluations.
This morning’s trading session was a perfect example of how disciplined analysis and strategic execution can lead to substantial profits.
If you want to learn more, click the links below, consume the content, and feel free to reach out with any questions. I’m here to help you achieve your trading goals.
Thank you for your time, and I look forward to seeing you in the next session. God bless!
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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