Hey Trader,
Trusting in Provision and Value in Your Trading Journey
As you navigate the complexities and uncertainties of the trading world, I wanted to share a verse that offers reassurance and a reminder of your inherent value:
"Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they?"
Matthew 6:26
In the often volatile and unpredictable market environment, it’s easy to become anxious and stressed about outcomes. This verse reminds us of the assurance that our needs will be met and emphasizes our immense value. Just as the birds are cared for without their effort, we too are under the watchful and providing care of a higher power.
Let this verse inspire you to trust in the provision and guidance that is always available to you. Remember your worth and that you are valued far beyond the immediate successes or setbacks in trading. By focusing on your intrinsic value and trusting in a greater plan, you can approach your trading decisions with confidence and peace of mind. Wishing you confidence, peace, and success in all your trading endeavors!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
Daily LIVE Futures Analysis Room Recap + My Personal Trades: 7/19/24
Anthony here from Speciale Analysis. I hope you’re having a wonderful day.
Today, I want to share a detailed breakdown of my trading strategy and analysis for the morning session, focusing on primarily on Crude Oil and Gold Futures.
This post aims to provide retail traders with insights into identifying key market movements and making informed trading decisions.
Crude Oil Analysis
Here’s how I played crude oil during this session:
Market Behavior: The crude oil market pulled back to the VWAP (Volume Weighted Average Price) and entered a consolidative state. Despite multiple attempts, it couldn’t break through a specific resistance area.
Trade Execution: I advised my clients that if we couldn’t test the highs and fell through the session VWAP (the blue line), there was a good chance we’d reach higher time frame support at 80.67. When the market punched through, I went short and took profit at the identified support.
Trade Reflection: This trade resulted in a 23-tick profit. In hindsight, there was potential for further gains, but given it was Friday, I was content with the outcome. The key takeaway here is the importance of identifying low-risk setups where you can predict price movement with confidence.
Gold Analysis
Gold also presented a significant opportunity this morning:
Setup Identification: Using fast-moving averages, I noted that if gold could hold these levels, it had the potential to push further down. This was exactly what happened.
Trade Execution: Gold broke the prior low, retested the fast-moving averages, and then pushed down by about 150 ticks, targeting key levels and liquidity points along the way.
Trade Reflection: This setup was unique because it provided insight into a two-time frame momentum, allowing for a calculated and profitable trade. The market never retested our entry point, which is a strong indicator of a solid trade.
General Market Observations
The indices had a consolidated state overnight and have been reacting to the tech outage.
Surprisingly, the NASDAQ and S&P 500 were not as affected as I expected them to be.
Weekend Plans and Final Thoughts
As the morning progressed, I planned to leave the office early to enjoy the beautiful weather in Northern New Jersey. Despite it being early in the trading day, I was content with the trades on crude oil and gold, having identified strong setups and executed well.
Join Us Live
If you found this analysis helpful, consider joining us for our live sessions. We dive into stocks, futures, forex, and cryptocurrencies, providing real-time analysis and insights. You can get access to my analysis and join our live sessions by following the link below.
Thank you for being here. Your success is my goal, and I’m here to help you navigate the markets with consistent and disciplined trading strategies!
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
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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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