Greetings,
Finding Hope In Christ’s Mission
“For the Son of Man came to seek and to save the lost.” — Luke 19:10
What an incredible reminder of God’s boundless love! Jesus didn’t come just for the righteous or the found but for each of us—especially when we feel lost or uncertain.
This verse speaks directly to our hearts, showing us that Christ’s mission was to find and restore those in need of hope, healing, and purpose.
Let’s take this truth to heart today, knowing that no matter where we are, Christ’s love is reaching out to bring us back to Him.
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
My goal is to motivate, educate, inspire and make a positive impact on your trading. Whether you're brand new to trading, or you've invested years into the craft -
I invite you to experience the Speciale Analysis Family of Traders difference!
Break of VWAP's + Retest of 68.00 Liquidity
Welcome to today’s recap. We’ll be diving into two trades I executed this morning, along with the analysis and market structure insights that drove these decisions.
For retail traders, understanding the mindset behind each trade can offer valuable lessons, particularly on days with complex market behavior.
Let’s break down the day’s trades and look at the setups, what worked, and what didn’t.
Trade # 1: Attempting the Long Position
This morning, I placed two trades, starting with a cautious long position. Looking back, I’m not entirely sure this trade was necessary, but I took a calculated approach, aiming to catch a potential breakout. Here’s how it unfolded:
Session High and Liquidity Grab Attempt: Early in the session, I identified a significant high that held consistently as resistance. My plan was to see if we could push beyond this high to grab liquidity. This type of setup can sometimes yield a solid move, especially when we’re testing key levels with liquidity resting above them. I communicated this idea to the traders in our session, explaining my perspective on the high as a critical point in today’s market.
Taking Partial Profits and Moving to Break-Even: I entered a long position, aiming to capitalize on a potential move back toward the 7:25 AM highs. As the trade started to move in my favor, I quickly took a small portion of profit and moved my stop to break-even to minimize risk. However, despite the setup’s potential, the market didn’t break as anticipated, and I was eventually stopped out.
Reviewing the Setup: Reflecting on this trade, I maintained tight stops and remained cautious, gradually tightening my stop as price action progressed. Ultimately, while the setup was valid, the market lacked the momentum needed to push beyond the high. In hindsight, my initial read on the high proved accurate as a significant level that wasn’t meant to break just yet.
Trade # 2: Short Position at Key Resistance
As the market moved on, I noticed a shift in momentum, signaling a possible reversal. Here’s a breakdown of how I managed this second trade:
Spotting the Short Setup: Around the 9:00 AM open, I observed a strong push into resistance near the $78 level, an area that showed signs of exhaustion. Liquidity was broken on this push, setting up an opportunity for a short entry. Recognizing the overextended nature of the move, I went short, targeting a retracement in line with the broader selling pressure.
Executing the Short and Taking Profits: The short entry was well-timed, as the market began to sell off soon after I entered. I started to lock in profits as we saw continued downside pressure, with my target levels based on areas of prior liquidity breaks. As expected, the market continued to move lower, respecting the break and retesting those previous levels.
Order Flow and Liquidity Analysis: I shared order flow visuals with our traders, highlighting the liquidity patterns and why these levels were key to the trade setup. Watching liquidity levels on the book map allowed us to anticipate potential support zones and see where pressure might hold, guiding our exits and stops effectively.
Lessons Learned and Key Takeaways
Importance of Caution with Entry Timing: The long position, while valid in terms of structure, didn’t yield the return I hoped for, partly due to market conditions at the time. Tight stops and partial profit-taking helped mitigate the risk on this setup.
Value of Order Flow in Identifying Reversals: The order flow data played a pivotal role in spotting the right levels for entry and exit on the short position. Analyzing liquidity breaks and support/resistance shifts provides essential insights, particularly when momentum changes.
Market Patience and Flexibility: While my initial trade didn’t play out as expected, the ability to adapt and recognize a shift allowed for a successful short entry later. Flexibility is critical, as the best trades aren’t always the first ideas that come to mind.
Wrapping Up
This session offered valuable insights into how I approach the market, identifying significant levels, and managing risk throughout each trade.
Retail traders can take away several important points from today’s session: patience pays off, staying flexible in market conditions is crucial, and using tools like order flow can enhance decision-making.
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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