Hey Trader,
Embracing Generosity and Gratitude in Your Trading Journey
As you navigate the complexities and opportunities of the trading world, I wanted to share a verse that speaks to the spirit of generosity and gratitude:
"But who am I, and who are my people, that we should be able to give as generously as this? Everything comes from you, and we have given you only what comes from your hand."
1 Chronicles 29:14
In the fast-paced and often high-stakes environment of trading, it's important to remember the source of all our successes and blessings. This verse reminds us that everything we have comes from a higher power, and our ability to give generously is a reflection of the abundance we've received.
Let this verse inspire you to approach your trading journey with a heart full of gratitude and a spirit of generosity. Recognize that your successes and resources are gifts, and look for opportunities to give back and support others. By doing so, you not only enrich your own life but also contribute to a more positive and supportive trading community.
Wishing you gratitude, generosity, 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: 7/22/24
Welcome to another insight into my daily trading routine. I’m Anthony from Speciale Analysis, and today I’m going to walk you through my trading activity this morning.
I hope you're having a phenomenal day and are ready to dive into some practical trading insights.
A Snapshot of This Morning’s Market
Today, we entered the market with trending conditions across the board.
Out of all the commodities, crude oil was the standout, showing the most consistent follow-through.
I’ll be sharing some video clips of my trades being executed, so you can see my approach in real time.
This way, you can evaluate whether my trading methodology could be beneficial to your own trading strategy.
Every morning from 8:00 a.m. to 11:00 a.m., I provide live analysis, interpretation, and expectations for the NASDAQ, S&P, Crude Oil, and Gold.
This morning, I concluded my trading shortly after 8:00 a.m., after placing two key trades.
Breaking Down Today’s Trades
First Trade: 0635 ... Failed Attempt Into 78.02 - Stopped Out
I initiated my first trade at 6:35 a.m. The market took a push lower, allowing me to take partial profits before getting stopped out on the remaining position.
Second Trade: 0730 ... Re-Entry and Risk Management 💰
Seeing a pullback, I re-entered the market.
I considered the profits from my first trade as a cushion for the risk on my second trade.
This approach worked out well, and I targeted a higher timeframe support at 78.02.
The market continued to push lower, hitting my target and confirming my analysis.
As of this writing, the market is still under pressure, currently at 77.87.
Regardless of how long this downward trend continues, I’ve done my job by identifying and reacting to key price levels.
The initial push didn’t follow through completely, but that’s the nature of trading.
This is precisely why we use stop losses: to manage risk and exit trades that aren’t working as planned.
Key Takeaways
Stop Losses: Always have a plan for when trades don’t go as expected. Using stop losses helps manage risk effectively.
Re-Entry Strategy: Consider the profits from earlier trades when planning re-entries. This can help in financing the risk of subsequent trades.
Higher Timeframe Analysis: Targeting key levels on higher timeframes can provide clearer direction and better trade opportunities.
Market Overview
Today, there was no scheduled economic news, which often leads to quieter trading sessions. We observed gold and crude oil pushing lower, while the NASDAQ and S&P moved higher. Whether these trends continue throughout the day remains to be seen, but we’ll keep monitoring and updating our clients with our insights.
Wrapping Up
I love days like today when I can enter the market early, make profitable trades, and finish up before 8:30 or 9:00 a.m. It allows me to focus on assisting my clients until 11:00 a.m., and then I can carry on with the rest of my day.
I hope you found this post informative.
If you have any questions, please feel free to reach out via email. If you’d like to join me live tomorrow morning in the futures market, I’ll include a link below.
Thanks for being here, and I look forward to seeing you in the next session.
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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