Hey Trader,
Finding Strength and Integrity in Trading
I hope this email finds you well. As you continue your journey in the dynamic world of retail trading, I wanted to share an inspiring verse with you:
"The Lord watches over the foreigner and sustains the fatherless and the widow, but he frustrates the ways of the wicked." - Psalm 146:9
In the complex environment of the markets, it's essential to remember that integrity and fairness are key.
This verse reminds us that doing the right thing is always recognized and supported.
Stay true to your values, trade with honesty, and know that the Lord is watching over you, guiding you toward success while upholding justice and integrity.
Keep trading with confidence and a strong moral compass. Your dedication and ethical approach are truly commendable.
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
Targeting Liquidity After Inventory Release
Hey guys, Anthony here from Speciale Analysis. I hope you're having a wonderful day.
I want to walk you through my market analysis from this morning, including the actions I took, even though I planned to be out of the office. Let’s dive into the details.
Morning Routine: Setting the Stage
The first thing I do when I come to the charts in the morning is mark off a few key levels.
This involves spending at least half an hour, sometimes up to an hour, watching the chart to get a feel for what's happening.
It's essential to put everything into context to understand where potential breakouts or pullbacks might occur.
Yesterday, we hit some critical resistance levels around 84 and change, with the next support level below that at 82.42. This number was on my radar all morning.
If we found higher time frame resistance, my goal was to look for higher time frame support to potentially push into those levels.
I was looking for opportunities to flush the lows, but this didn’t happen until after the inventory report.
Key Trade Opportunities
Opportunity Number One: The first setup looked promising, pushing back into the lows. I took some profit, moved my stop just past my entry, and ultimately got stopped out.
Opportunity Number Two: This setup also seemed clean, indicating a potential push. However, it didn’t materialize, and I got stopped out at break-even.
Opportunity Number Three: At the 9:00 AM open, a significant wick appeared on the candle. I got short after it closed, started taking profit slightly below, but again, we failed to flush the lows.
Knowing the inventory report was coming at 10:30, I decided to let the market settle.
A bullish number came out, leading to an aggressive surge higher.
Initially, it seemed we might not go lower for the day, but it soon became clear that the market was heading downwards, targeting liquidity to the downside.
The Critical Trade Post-Inventory Report
Post-inventory report, as we pushed past the VWAP (Volume Weighted Average Price), I felt this level around 83.03 was key.
I got short at this point, aiming for a push into 82.45, which didn't fully materialize.
However, I had profit targets along the way and managed to take profit as the trade moved in my favor.
Detailed Market Analysis
After the initial volatility, the market settled, and we observed significant liquidity levels on the bookmap.
This provided valuable insights into potential profit-taking levels. In the video attached within this blog post, you can see the exact order fills and how the bookmap reacted.
Here's a summary of the trade opportunities:
Opportunity One: Took profit at prior lows, then stopped out at break-even.
Opportunity Two: Stopped out at break-even.
Opportunity Three: Took profit at key levels, then stopped out at break-even.
Post-Inventory Trade: Successfully captured profits on the push lower, targeting 82.45 but falling slightly short.
Throughout the morning, I was monitoring the chart, preparing for the inventory report, and reacting to the bullish number that initially pushed the market higher before reversing.
The key takeaway here is the importance of adaptability and understanding market dynamics.
Reflecting on Market Movements
Trading is about reading the market with precision, which comes from years of experience and hard work.
It's crucial to understand that market movements are driven by the aggression of other traders.
Identifying these aggressive moves can significantly enhance your trading accuracy.
Today’s trading session emphasized the importance of patience and adaptability.
Despite planning to be out of the office, I managed to execute several trades, adjusting my strategy based on real-time market data.
As we head into the Fourth of July holiday, I want to wish everyone a wonderful time with family and friends.
Remember, we celebrate not only our freedom but also the rights and liberties that define our nation.
Reflect on the significance of this day, and never take these freedoms for granted.
Have a fantastic holiday!
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, feel free to reach out. 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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