Hey Trader,
Find Strength in Faith: Your Treasured Position in the Market
I hope this email finds you well and motivated to tackle the challenges and opportunities the market presents.
I wanted to share an inspiring verse that speaks to the heart of resilience and faith, which I believe can resonate deeply with our journey in trading.
“On the day when I act,” says the Lord Almighty, “they will be my treasured possession. I will spare them, just as a father has compassion and spares his son who serves him.” — Malachi 3:17
This powerful verse reminds us of our valued place in God's eyes. As retail traders, we often face volatility and uncertainty, much like the unpredictability of life.
Yet, this scripture assures us that we are treasured and protected, just as a compassionate father spares his devoted son.
In trading, patience and faith are crucial.
Trust that your dedication and strategic planning will be rewarded. Just as the Lord acts at the right moment, your diligent efforts and smart decisions will lead to success.
Remember, every market fluctuation is an opportunity to learn and grow, and your perseverance will set you apart.
Let this verse inspire you to move forward with confidence, knowing you are valued and safeguarded. Your journey in the market is not just about numbers and trends but also about the unwavering faith that guides you through each trade.
Stay motivated, stay faithful, and keep pushing towards your goals. If you need further guidance or wish to discuss strategies, feel free to reach out!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
The Trend Is Your Friend - Just Have Patience
Welcome to today’s market recap. I’m Anthony with Speciale Analysis, and I hope you had a wonderful Father’s Day. Today, I’ll be discussing how we approached the market this morning, focusing on Crude Oil due to the NASDAQ, S&P, and Gold being choppy.
Morning Market Overview
This morning, we observed that NASDAQ, S&P, and Gold exhibited unfavorable price action. They were range-bound and didn't offer much in terms of trading opportunities.
However, crude oil presented a different scenario. From the time we started our session until we wrapped it up, crude oil showed a clear upward bias on a higher time frame. Let's delve into how we navigated this.
During our morning session, crude oil was making higher highs and higher lows, which is a strong indicator of an upward trend. One particularly significant moment was identifying a pullback that provided a quick, efficient rally of about 25 ticks.
Here’s how it unfolded:
Higher Highs and Higher Lows: We observed crude oil consistently making higher highs and higher lows.
Pullback and Support Zone: The price pulled back to retest a prior high and then fell into a support zone.
Quick Rally: This setup facilitated a quick rally of approximately 25 ticks.
Consolidation and Breakout
Following the initial rally, the price pulled back into a deeper correction. During this phase, we identified a consolidation zone around the 78.60 level.
This support level was tested several times, confirming its strength. From here, we witnessed the price pushing through the 79.00 mark, slightly exceeding 79.10.
Liquidity and Market Dynamics
When we started our session, it was clear that liquidity was concentrated around the $79 mark. This was a key point of interest, and as anticipated, the market gravitated towards this level. The day unfolded quickly and efficiently, primarily driven by the trending nature of crude oil.
The Importance of Patience in Trading
In contrast to crude oil, the NASDAQ, S&P, and gold did not offer viable trading opportunities. When faced with range-bound markets, the best course of action is to step away. However, in a trending market like crude oil today, the strategy is to work with the trend.
Identify Support and Resistance: Look for areas of support and potential breakouts.
Be Patient: Allow the market to do its thing. The most significant challenge for traders is the lack of patience. Instant gratification is not how the market works.
Consistency and Discipline: Be consistent and disciplined. Let the market play out and take profits when opportunities arise.
Strategic Trading Plan
A well-defined trading plan is crucial. Your plan should be straightforward and concise, fitting within two sentences. It should outline what actions to take based on market movements:
Example: "If the market does A, I will do B and C. If the market does X, I will do Y and Z."
Today, I identified areas of support and watched the market push higher. By 11:00 AM, my trading day was over. This strategic approach allows you to manage your time effectively, reduce stress, and avoid overtrading.
Join Me For LIVE Market: Analysis, Interpretation & Expectations
I hope you found this analysis informative. If you have any questions, feel free to leave a comment below. Additionally, if you’d like to join me for live trading sessions, I’m available Monday through Friday from 8:00 AM to 11:00 AM Eastern Standard Time.
Trading can be challenging, but with patience, discipline, and a strategic plan, you can navigate the markets successfully. If you need further assistance, don’t hesitate to reach out. My 13 years of experience in the futures market may provide valuable insights to your trading journey. God bless, and I look forward to seeing you in the next video!
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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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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