Hey Trader,
Finding Strength and Support in Your Trading Journey
As you continue to navigate the ever-changing markets, I wanted to share a verse that offers encouragement and a reminder of the support we have available:
"For I am the Lord your God who takes hold of your right hand and says to you, Do not fear; I will help you."
Isaiah 41:13
In trading, as in life, uncertainty and fear can often cloud our judgment. But this verse is a powerful reminder that we are not alone.
The Lord promises to guide and help us, even when the path seems uncertain.
Just as He takes hold of our hand, we can approach each trade with confidence, knowing that we are supported by a strength greater than our own.
Let this verse inspire you to trade with courage and assurance, trusting that you are being guided every step of the way.
Wishing you continued success and peace in your trading journey!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
Easily Repeatable Trade Plan Offers Phenomenal Rally Opportunity
In the dynamic world of trading, finding consistency and profitability can be a challenging journey, especially for retail traders.
Whether you're a seasoned veteran or just starting out, achieving sustained success often boils down to mastering the basics and sticking to a well-defined plan.
In this post, we’ll break down the key elements of a successful trading strategy, focusing on a recent trading session in crude oil, and how you can apply these lessons to enhance your own trading performance.
The Crude Oil Opportunity
Crude oil recently demonstrated a phenomenal move that offered substantial opportunities for traders who were prepared and disciplined.
The session unfolded with a strong upward momentum, culminating in a surge towards the 2:30 PM E.T. session close.
But capturing these moves requires more than just luck; it requires a precise entry and exit strategy grounded in solid analysis.
Understanding the Problem: Why Many Traders Struggle
Before diving into the specifics of the trade, let's address a common issue faced by many traders: inconsistency.
If you're watching this, you may have experienced periods of success followed by frustrating losses.
You might find yourself cutting winners too early or letting losses run too deep, ultimately eroding your account.
These are symptoms of a lack of discipline and a clear, actionable plan.
But here's the good news: this can be fixed. The key lies in developing a consistent approach to trading that eliminates guesswork and relies on proven strategies.
This approach is not about making quick, arbitrary decisions but about following a structured plan.
⬇ Join me as I manage an afternoon trade ⬇
Here's How My Trade Played Out:
Initial Entry Long w/ 20 Contracts: 76.84
First Profit Target: 76.70 (1/2 of the position) +$1,400
Second Profit Taken: 76.65 (1/4 of the position) +$950
Final Exit: 76.75 (remaining 1/4 of the open position) +$450
GAIN: $2,800 - Fees
The Power of a Simplified Trade Plan
Many of my most successful clients have never traded before but committed themselves to a structured approach for 90 to 120 days.
They focused on learning one strategy inside and out, refining it to fit their personal risk tolerance, and only then considered moving to live trading.
This focus on mastering a single strategy before diversifying has proven to be a key factor in their success.
On the other hand, experienced traders who exhibit discipline, consistency, and a lack of ego are also able to achieve outstanding results by sticking to their trade plans.
The Simplistic Strategy: A Checklist for Success
Until you achieve consistent profitability, it’s advisable to follow a singular, simplistic strategy.
The strategy I recommend is based on multiple timeframe momentum and a straightforward checklist.
This approach forces you to be patient—something many traders lack in today’s fast-paced world.
By focusing on a few key indicators—such as computer-populated pivot levels and
volume consistency—you can make informed decisions without the need for advanced analysis.
Case Study: The Ideal Crude Oil Trade
Let’s take a look at the recent crude oil session.
The ideal spot to enter was at a key pivot level where two-timeframe momentum aligned perfectly.
After breaking through resistance, crude oil consolidated and held its fast-moving averages flawlessly.
The consistent buying volume indicated a strong bullish presence, making it an ideal time to enter long.
Once in the trade, it’s crucial to manage it effectively:
First Profit Target: Aim to take partial profits at the next resistance level (e.g., 28 ticks). Move your stop to break even or slightly better to cover any potential slippage.
Second Profit Target: If the market continues in your favor, look to capture additional profits at the next significant level (e.g., 59 ticks). Consider advancing your stop to lock in more gains.
Final Target: If the market continues to move positively, your final target could be as high as 133 ticks. At each stage, you protect yourself by locking in profits and adjusting your stop to minimize risk.
The Importance of Patience and Consistency
Trading is not about making money every day or even every week.
Losses are part of the process, but your wins should outweigh your losses, leading to net profitability.
Net profitability is your ultimate goal—it’s the difference between your wins and losses.
Don’t get discouraged by short-term setbacks. Instead, focus on executing your plan consistently over the long term.
As you become more experienced and confident, you can gradually introduce additional strategies and tools to your arsenal.
Build a Foundation for Long-Term Success
Achieving consistent profitability in trading is not about chasing the latest trends or constantly tweaking your approach.
It’s about building a solid foundation, mastering a single strategy, and applying it with discipline.
By following the steps outlined above, you can increase your chances of success in the crude oil market and beyond.
Remember, the key to trading is not to get rich quick but to build wealth steadily over time. Stick to your plan, protect your capital, and let the market work in your favor.
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.
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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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