Hey Trader,
Trusting in Abundance on Your Trading Journey
I hope you're doing well. I wanted to share a verse that offers a profound message of hope and trust, especially in the context of our trading journey:
"He who did not spare his own Son, but gave him up for us all—how will he not also, along with him, graciously give us all things?"
Romans 8:32
This verse is a powerful reminder of the generosity and abundance that God provides.
If He was willing to give the ultimate gift, how much more can we trust Him to provide for our needs, including in our trading endeavors?
Just as this verse encourages us to trust in His provision, we can approach each day in the market with confidence, knowing that we are cared for in every aspect of our lives.
Let this truth inspire you to trade with faith and assurance, trusting that abundance is within reach when we rely on Him.
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
Crude Oil Gives Back Massive Rally From Prior Session
In the dynamic world of trading, every day presents new challenges and opportunities.
Today, I want to take you through my analysis and trading approach in the crude oil market, particularly focusing on how I navigated the price action following the release of the Producer Price Index (PPI) data.
The Morning Setup: Assessing the Markets
As the market opened, we had the 8:30 AM PPI numbers come out, which typically stirs some volatility across various assets.
This morning was no different. Gold, a usually reliable indicator, was indecisive and didn’t offer any clear trading opportunities.
The NASDAQ showed some ambition, hinting at potential upward momentum, while the S&P 500 lagged behind, creating a divergence between the indices.
However, my attention was primarily focused on crude oil, where I felt we had a strong read on the price action.
The key level I was watching was around the 79.50 area, a prior low that had proven significant in the past.
⬇ Join me as I manage my morning trade ⬇
Here's How My Trade Played Out:
Entry Short w/ 30 Contracts: 79.40
Final Exit: 79.15 (trailed stop loss)
GAIN: $7,500 - Fees
The Key Levels and Initial Trades
As the market approached the 79.50 level, I anticipated a potential breakdown.
My analysis suggested that if we could retest and hold this level, there was a high probability of pushing down to 79.
This scenario played out almost textbook, with crude oil breaking down, retesting 79.50, and then continuing to press lower.
My first trade of the day, however, was a full stop-out resulting in a $3,300 LOSS + Fees.
I entered a long position, hoping to capture a bounce back towards $80 after we fell just one tick short of the prior session high.
Despite the technicals aligning, the market didn’t cooperate, and I was stopped out.
This is a crucial part of trading—accepting that not every setup will work and being disciplined enough to cut losses early.
Scalping Opportunities and the Big Win
After the initial stop-out, I took several other small entries that were essentially breakeven trades, stopped out at or near my entry points.
The market was choppy, and it required quick decision-making to manage risk effectively.
Despite the early setbacks, I managed to capitalize on two successful scalp trades.
These were short-duration trades where the market moved quickly in my favor, allowing me to secure profits before the momentum shifted.
In volatile markets like crude oil, these quick scalps can add up significantly, contributing positively to the day’s overall performance.
The highlight of the day was a short position where I trailed my stop aggressively.
This trade turned out to be the most profitable one of the day, as I managed to lock in substantial gains before the market reversed.
Trailing stops is a technique I often use in trending markets to protect profits while giving the trade room to breathe.
⬇ Identified LIVE: 650+ Tick Nasdaq Futures Market Move Opportunity ⬇
⬆ Identified LIVE: 650+ Tick Nasdaq Futures Market Move Opportunity ⬆
Reflecting on Missed Opportunities and Market Sentiment
Interestingly, yesterday’s trading session offered a massive rally, which I missed due to an unavoidable doctor’s appointment.
This scenario underscores the importance of being present and ready to act when the market offers high-probability setups.
Missing out on such moves can be frustrating, but it’s essential not to let that influence your decision-making in subsequent sessions.
Today’s trading felt like a bit of a redemption after missing out yesterday.
I felt confident in my read of the market, particularly in crude oil, where after a strong rally day, it’s not uncommon to see some giveback.
This sentiment was shared with some of my clients, who were discussing their successes with me the night before.
I cautioned them that the market might face resistance at these levels, which indeed happened.
The Importance of Discipline and Consistency
Today’s trading session was a reminder of the importance of discipline and consistency in trading.
The markets can be unpredictable, and even the best setups don’t always work out.
However, by sticking to a well-defined plan, managing risk effectively, and being adaptable to changing market conditions, it’s possible to navigate these challenges successfully.
For those of you following along, I hope this breakdown gives you insight into how I approach the markets and manage trades in real time.
Trading is not about hitting home runs every day but about consistently executing a strategy that aligns with your analysis and risk tolerance.
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
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