Greetings,
Finding Joy In Every Circumstance
In 2 Corinthians 6:10, we read: “Sorrowful, yet always rejoicing; poor, yet making many rich; having nothing, and yet possessing everything.”
This verse speaks to the paradox of a life in Christ. Even in moments of sorrow or scarcity, we find joy in Him.
Though we may seem to lack in worldly wealth, we possess the richness of God’s grace, and we can share that with others.
Our true treasure is not in material things, but in our relationship with Christ.
Let this remind you that no matter what your circumstances may be, you are abundantly blessed in the Lord.
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
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!
Identifying The Crude Oil HIGH & Nasdaq LOW ... L I V E ! ! !
Welcome traders! This blog post recaps this morning’s live trading session, where I traded Crude Oil futures. Though I had to cut my time short due to a doctor’s appointment, I want to share key takeaways from the hour I spent with my traders.
My goal, as always, is to ensure you walk away with insights you can apply to your trading strategies. So, let’s dive into the day’s key movements and decisions.
The Morning Setup
As you know, I trade crude oil exclusively. When I started analyzing the charts this morning, it was clear that we had been in a strong upward momentum during the overnight session. Both charts showed a clean, consistent rise, with price staying above both volume-weighted average prices (VWAPs), confirming bullish momentum.
However, as we approached a key higher timeframe resistance level, the momentum began to stall. We saw high volume start to transpire at that level. This is when I mentioned to my traders that the market was looking “top-ish.”
What Does "Top-ish" Mean?
When I say something looks “top-ish,” I’m suggesting that we could be nearing a temporary top, unless the price manages to break and hold above the resistance level.
It’s essential to be cautious during these moments. You don’t want to prematurely call a top, but at the same time, you don’t want to ignore signs of waning buying interest. In this case, the high-volume zone suggested that buyers were struggling to push higher.
With that information in hand, I executed a short position right as we were preparing to start the live session. Given my need to focus on guiding my traders and stepping away from my charts for a few minutes, I moved my stop into a slight profit zone to protect myself in case things went south.
The Challenges of Multi-Tasking
As many of you know, trading requires focus. When life happens, whether it's a phone call, an urgent matter, or a doctor’s appointment, you must adjust your risk management accordingly. In this case, I tightened my stop more than usual because I couldn’t monitor the order flow closely. This cautious move led me to get stopped out at essentially break-even, only to see the market move in my favor moments later.
It’s frustrating, but hindsight is always 20/20. Could I have left more risk on the table? Possibly. But sometimes, managing life’s responsibilities takes precedence, and you must protect your capital while stepping away from the screens.
Re-Entering the Market
Once I returned to my screen, I noticed price action retesting the resistance level, still showing signs of downward pressure. Confident that we still had potential to move lower, I re-entered a short position and quickly caught a 14-tick move to the downside.
Due to my appointment, I exited the trade promptly, securing my profit. While I would’ve loved to stay and see how the day unfolded, it’s important to recognize when it’s time to step away. One stop-out and one small profit—that was my day.
Lessons for Retail Traders: Handling Reversals & Life Disruptions
Reversal trading can be a tricky game. While the potential for high reward exists, the risk is equally significant. This morning’s trade was a great example of how spotting key resistance levels and high-volume zones can provide clues for potential reversals. However, as I always remind my clients, it’s critical to proceed with caution.
Here are a few takeaways from today’s session:
Be Cautious with Reversals: It’s difficult to pinpoint the exact top or bottom of a market move. High volume near key levels can provide evidence, but it’s never a sure thing. Today, we saw evidence of a potential top, which allowed for a profitable short trade. However, the market could’ve easily broken above that resistance and continued higher.
Life Happens – Manage Your Risk Accordingly: Trading doesn’t exist in a vacuum. Whether you have to step away for a phone call, a meeting, or an appointment, always manage your risk in a way that protects your capital. Today, I tightened my stop more than usual because I wasn’t able to fully monitor the order flow. While this led to getting stopped out at break-even, it was a necessary trade-off given the circumstances.
Stick to Your Trade Plan: Whether you’re following my analysis or executing your own strategy, it’s crucial to stick to your trade plan. I provide market expectations and analysis to my clients, but ultimately, the decision to place a trade, set stops, and manage risk is in your hands. Your success will depend on your ability to replicate your plan consistently.
Trade with Higher Timeframe Momentum: In my experience, traders find the most success when they trade in alignment with the higher timeframe momentum. This is something I regularly encourage with my clients and was evident in today’s trade setup.
Though I had to step away early today, my traders are fully prepared to continue their trading with the tools I’ve provided. They have access to all the charts, order flow, and analysis, so they can stay ahead of the market as the day unfolds.
Reversal trading requires patience, discipline, and a keen eye for detail. It’s not easy, but with practice and proper risk management, it can be a highly profitable strategy. Remember, the market will always be there. If you miss a trade or need to step away, don’t sweat it—there will always be another opportunity.
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.
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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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