$6K In A Matter Of Minutes - Targeting Liquidity Below Prior Session Lows
- Anthony Speciale
- Sep 20, 2024
- 4 min read
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!
Hey Trader,
Trading and the Law of Grace
In the world of trading, we strive for results and work hard to achieve success.
But when it comes to our relationship with God, it’s not about our works, but about understanding the grace we’ve been given.
Let this be a reminder that our true strength comes from acknowledging our dependence on God’s grace.
In trading and in life, lean on His wisdom, not just your own efforts.
Be Relentless In Pursuit Of The Will Which God Has Set Upon Your Heart,
Anthony Speciale
$6K In A Matter Of Minutes - Targeting Liquidity Below Prior Session Lows
Welcome to today’s live session recap. I’m Anthony Speciale with Speciale Analysis, and I’ll be breaking down the trade I executed this morning in what turned out to be a rather challenging trading environment.
Today’s session offered a mix of volatility and indecision across the markets, particularly on the indices, but crude oil provided a brief window of opportunity for a profitable trade. Let’s dive into the details.
Morning Market Overview: Indices Stuck in Choppy Waters
The broader market conditions this morning were difficult to navigate, especially in the major indices.
The session started off with some trending action to the downside, but it lacked any significant news or economic events to sustain momentum.
Without a clear catalyst, price action became erratic, and we experienced choppy conditions across the board.
For many traders, including myself, these are the days when discipline and patience are essential.
The lack of consistency in market direction often means stepping aside and waiting for the right opportunity.
Crude Oil Trade Setup: Two-Timeframe Momentum
While the indices were unpredictable, crude oil presented a more defined setup.
I identified two-timeframe momentum aligning to the downside as we dipped below a key level of support.
The opportunity here was based on a combination of price action and liquidity targets, which I believed offered a low-risk entry point.
As crude oil broke through the support level, I quickly positioned myself to capitalize on the downside move.
My target was a quick 20-tick profit, which was achieved as price moved into a zone of liquidity.
This kind of setup is one I look for regularly—where momentum from multiple timeframes converges and provides a high-probability trade.
After hitting my target, I stepped aside, knowing that the market conditions weren’t ideal for extended trades.
A Market Full of Reversals
Immediately after my trade, crude oil reversed sharply, which is something we’ve been seeing quite a bit of lately.
Markets that lack a clear directional bias tend to bounce back and forth between key levels, and today was no exception.
After the initial drop, crude quickly recovered, reversing at higher timeframe resistance.
These rapid reversals can be tricky, and it’s crucial to recognize when the market is signaling a potential reversal before jumping back in.
For traders watching the market this morning, this is a great example of why it's so important to take your profits when the opportunity presents itself.
Crude oil’s price action was far from smooth, and overstaying a position could have easily resulted in giving back gains or even taking a loss.
The ability to recognize when to step out of the way is just as important as knowing when to step in.
Lessons from a Bouncy Session
Today’s session was a reminder that not every day will offer smooth, directional trades.
There will be days when the market is less cooperative, and as traders, we need to adapt.
The best thing you can do in these situations is to know when to step aside and wait for a cleaner setup.
Overtrading in a choppy market often leads to frustration and unnecessary losses, so staying patient and sticking to your plan is critical.
For me, taking that quick 20-tick profit in crude oil and avoiding the temptation to re-enter after the reversal was the right move.
When the market isn’t giving you clear signals, protecting your capital and being selective with your trades is the key to long-term success.
Final Thoughts
Today’s trade was a brief but profitable one in crude oil.
While the broader market conditions were challenging, crude oil’s two-timeframe momentum provided a clear entry and a solid 20-tick gain.
The quick reversal after the trade highlights the importance of recognizing when to take profits and step aside in volatile conditions.
As always, the key takeaway for retail traders is to remain disciplined and patient.
Not every day will offer perfect setups, but by focusing on risk management and only taking high-probability trades, you’ll set yourself up for consistent success in the long run.
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
Comments