Daily LIVE Futures Analysis Room Recap + My Personal Trades: 7/15/24
- Anthony Speciale
- Jul 15, 2024
- 4 min read
Hey Trader,
Encouragement and Assurance in Your Trading Journey
As you navigate the ups and downs of the trading world, I wanted to share a verse that offers both encouragement and a reminder of the value of integrity:
"For the Lord loves the just and will not forsake his faithful ones. Wrongdoers will be completely destroyed; the offspring of the wicked will perish."
Psalm 37:28
In the competitive and often challenging environment of trading, it's essential to remain committed to ethical practices and integrity.
This verse reassures us that those who act justly and remain faithful will always have the Lord's support and guidance.
While the path of integrity may sometimes seem difficult, it ultimately leads to lasting success and fulfillment.
Let this verse inspire you to stay true to your values and principles.
Trust that your faithfulness and dedication to doing what is right will not go unnoticed.
The Lord's promise is that He will not forsake those who act justly, and this assurance can provide strength and confidence in your trading journey.
Wishing you success and integrity in all your trading endeavors!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
Daily LIVE Futures Analysis Room Recap + My Personal Trades: 7/15/24
Understanding the Why Behind My Trades
Anthony here from Speciale Analysis. I hope everyone is doing well.
Today, I want to share a detailed recap of my morning trading session and shed light on the reasons behind my trades.
As a retail trader, understanding the why behind your trades is crucial for improving your strategy and decision-making process.
An Unusually Active Morning
This morning was quite active for me, which isn't typical. I entered the market more frequently than usual, and there's a straightforward reason for that.
Let me walk you through my trading decisions and the market conditions that influenced them.
The Early Short Trade
I started the morning with a confident short trade into a trend line. I kept my stop tight, anticipating a continued push lower.
However, the market reversed, and I got stopped out.
At 7:50 AM, a candle provided evidence of another potential downward push, prompting me to re-enter the trade. However, it didn't yield much opportunity.
We then moved into a consolidation phase leading up to the opening bell.
Navigating Crude Oil at the Opening Bell
As the market opened, it broke down through the VWAP's, which led me to go short again.
I took profits along the way and documented these trades, which you can see in my recorded video.
The market pushed back up, and I added to my position, taking more profits before getting stopped out.
By 11:45 AM, I was done for the day, having met my profit goals.
Target Missed by a Hair
My downside target for the day was 81.45, but I missed it by just two ticks.
It's a reminder that precision in trading is critical, yet sometimes the market doesn't fully align with our expectations.
Market Analysis: Crude Oil, NASDAQ, and S&P
While I primarily trade crude oil due to its volatility and my larger account size, we had excellent setups in the NASDAQ and S&P today.
For instance, the NASDAQ 100 provided a strong push from the opening range, running over 500 ticks after I alerted my traders about the potential move.
Similarly, the S&P 500 showed promising moves, breaking the opening range and hitting several pivots, yielding up to 80 ticks.
Gold's Performance
Gold also had a notable day. It broke above a prior high and a trend line, showing multiple timeframe momentum and stacked pivots.
The price moved significantly, providing substantial opportunities for profit.
The Bigger Picture: Personal and Emotional Growth
Trading is not just about technical analysis; it's equally about understanding yourself, your emotions, and your reactions.
After my trading session, I focus on personal development.
If you want to be a successful trader, you must work on yourself as much as you work on your trading skills.
The Importance of Personal Development
I've learned that personal growth is vital.
It's not enough to be good at technical analysis; you must also manage your emotions and reactions to market movements.
Spend time reflecting on your trades, understanding your emotional responses, and striving to improve yourself daily.
This continuous self-improvement will enhance your trading performance over time.
Today was a good day overall. We read the market well, showing patience and discipline, especially with the indices and gold trending strongly.
Crude oil required more focus on reversals and short-term continuations.
Remember, trading is a long-term game.
It's about cumulative progress, not just daily wins.
Focus on being a better trader tomorrow than you were today, and the profits will follow.
If you missed my video on setting up trading levels, you can find it on my YouTube page or in my previous blog post.
I provide daily levels for my clients on BOTH Crude Oil and the S&P 500, helping them make informed decisions based on higher timeframes.
If you found this post helpful, please like it and subscribe to my channel for more content. If you have any questions or want to trade live with me, there are links below.
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
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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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