Hey Trader,
Trade with Endurance and Encouragement
Trading can test our patience and resilience, but remember we are not alone in this journey. Scripture reminds us:
As you move through the highs and lows of the market, draw strength from God’s endurance and encouragement.
Approach each day with a Christ-like mindset, offering support to others while you navigate your own path.
Stay strong, and keep trading with faith!
Be Relentless In Pursuit Of The Will Which God Has Set Upon Your Heart,
Anthony Speciale
Pushing Thru Prior Session Lows Into KEY Support Level For $9,600 PROFIT
Welcome, traders! In this post, we’re diving into a real-world example of a midday trade, covering the key principles and strategies that led to its success.
Whether you’re a swing trader, a day trader, or just getting started, these insights will give you valuable takeaways on the importance of patience, identifying opportunities, and managing your emotions in the market.
Life Happens, But Opportunity Awaits
On the day of this trade, I had an early morning doctor’s appointment. I wasn’t glued to my screen at the opening bell, and that's okay—life happens.
For many traders, missing the first part of the trading session can cause stress.
However, it’s critical to understand that opportunities will come at various points during the day, and not every trade setup requires you to be present from market open.
When I got back to my desk, I analyzed the market with no expectations. If I saw an opportunity, I’d take it; if not, I was ready to walk away without placing a trade.
This mindset is key—forcing trades is a fast track to losses.
As traders, we need to recognize when the market is not offering a high-probability setup and be willing to sit out.
The Intraday Lifestyle Is A Personal Preference
Working from home, interacting with clients, and focusing on the market during active hours gives me flexibility and control over my day.
Whether you’re a swing trader checking the markets periodically, or a weekend strategist setting up trades for the week, finding the trading style that fits your life is essential for long-term success.
Intraday trading works for me because I enjoy the analysis, the interpretation of market data, and the challenge of reading the flow of orders.
But it’s not all glamour; intraday trading requires patience—a trait that many traders struggle with initially.
The Difference Between Winning and Losing
Let’s talk about patience. It’s one of the most crucial attributes of a successful trader, yet it’s often the hardest to develop.
Many traders fail not because they lack technical knowledge, but because they cannot wait for the right setup.
Patience is something that you must grow into, especially if you're naturally impulsive or prone to emotional decision-making.
At one point in my life, I wasn’t patient at all. I used to make irrational decisions driven by emotion rather than logic.
This type of behavior led to losses, but through years of experience, I’ve trained myself to control those impulses.
If you're feeling financial pressure or trading with the mindset that "I need to make money today," you're likely to make emotional, irrational decisions.
Trading should come from a place of calm and detachment, not stress.
Stewarding Your Trading Account
Your number one job as a trader is to steward your account, and this means knowing when not to trade. More often than not, the market will not present a clear opportunity.
If you don’t see a setup with a strong probability of success, it's okay to walk away. In fact, avoiding bad trades can often be just as valuable as making profitable ones.
On this particular day, after returning from my morning appointment, I analyzed the market and waited.
The midday session can be slower, with fewer participants, but that doesn't mean there are no opportunities.
I observed the market approaching the prior session lows and identified a potential trade setup.
Even though the market was revisiting these lows for the second time, I saw a chance to capitalize.
Analyzing Liquidity and Order Flow
My approach to this trade was based on careful analysis of the market’s liquidity and order flow.
As the market pushed into the prior session lows, I was monitoring the liquidity levels and observing how the market reacted.
I saw a small candle form, indicating a shift in order flow that suggested a possible break through the previous lows.
Now, this wasn’t just a blind assumption. I had identified a key level of support at 68.95, which had been a pivotal area in previous sessions.
The market often reacts at these significant levels, and my expectation was that if the market pushed through the prior lows, it would seek the liquidity resting at the key level.
Sure enough, the market broke through the previous lows and hit the exact liquidity level I had been targeting.
This wasn’t luck; it was the result of analyzing the market’s movements and understanding the behavior of liquidity zones.
The Best Teacher
One of the reasons I hold live trading sessions daily is to reinforce these principles. Many of the lessons I teach come from my own experiences—especially my failures.
I’ve made plenty of mistakes, and I believe that my failures are one of the greatest assets I can offer to help others overcome the hurdles of trading.
In my live sessions, we focus on repetition, understanding, and application. It’s not enough to just read about trading or watch others trade.
You need to experience the market firsthand. You’ll make mistakes, but those mistakes will teach you valuable lessons—often more valuable than any textbook can provide.
Trading is a Journey
At the end of the day, trading is a journey that requires growth, patience, and discipline.
There will be times when the market offers no clear opportunity, and you must be okay with sitting on the sidelines.
Likewise, there will be days when you see a setup, analyze it carefully, and act decisively, as I did in this example.
If you're under financial stress, take a step back and evaluate your position.
Trading with the mindset that you need to make money today is a recipe for emotional decision-making.
Eventually, the opportunities will come, and you’ll be ready to act.
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