top of page
Search

$10,650 PROFIT, Identified LIVE: VWAP Re-Test Into Support Level

Speciale Analysis

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,


Nourishing Your Growth


Just as a newborn craves milk for nourishment, our spiritual and personal growth requires feeding on the right sources of wisdom and strength.


In trading and in life, we must continually seek what builds us up and strengthens our foundation.


1 Peter 2:2

As you pursue success in the markets, remember to nourish your soul with truth and wisdom, allowing it to guide your decisions and fuel your growth.


Wishing you strength and clarity on your journey!


Be Relentless In Pursuit Of The Will Which God Has Set Upon Your Heart,

Anthony Speciale




$10,650 PROFIT, Identified LIVE: VWAP Re-Test Into Support Level


Welcome, traders! Today is Tuesday, September 24th, 2024, and I want to walk you through a detailed breakdown of the live trade I took this morning.


This trade was executed on crude oil, and I'll be sharing my thought process, key levels, and how I managed the trade.


Whether you're a seasoned trader or just getting started, I believe there are some valuable insights here that can benefit your approach to the markets.


Key Market Setup: Crude Oil's Double Top and Breakdown



Early on, the market formed a double top, which is a key reversal pattern, signaling potential downside if the market fails to break higher.


This double top was clearly visible on the chart, and I identified a significant resistance level (represented by a thick yellow line on my screen) that the market struggled to push through.


The market danced around this level for a bit, but eventually, it failed to make a higher high.


This was my signal that we could see a breakdown, and if price fell below that key level, we’d likely see further downside pressure.


The next target on my radar was the 71.20 level, which I had marked as a key support level.


chart
09/24/2024 @ 0955 ET. [CLX24] - Short 30 @ 71.67, Cover 15 @ 71.45, Cover 15 @ 71.20

The Breakdown: How I Positioned My Trade


Once price broke below that key resistance, I waited for a retest of the session VWAP (Volume Weighted Average Price).


This is an important level for determining intraday value, and the market tends to react around it.



I got short in the vicinity of the VWAP and placed my stop just above the most recent candle that showed a bit of pushback from buyers.


This allowed me to keep my risk small while still giving the trade room to develop.


My first profit target was at 71.45, and I was planning to take more profit at the 71.20 level, where I anticipated stronger buying interest to come in.



Managing the Trade: Profits, Protection, and Exit Strategy


As the market moved lower, it hit my first profit target at 71.45, and I took partial profits.


After testing the 71.20 level, the market rebounded slightly but remained below the VWAP, which told me there was still room for further downside.


Once price hit the 71.20 level again, I decided to take the remainder of my profits.



It’s important to remember that overtrading can often lead to giving back profits, so I chose to stick to my plan and call it a day.


P&L
09/24/2024 @ 0955 ET. [CLX24] - Short 30 @ 71.67, Cover 15 @ 71.45

Avoiding the Chop: Why One Good Trade Was Enough


If you look at the market earlier in the morning, you’ll notice it was pretty choppy.


There wasn’t much directional clarity, and I prefer to avoid trading in such conditions.


Choppy markets increase the likelihood of getting stopped out, and without a clear trend, the probability of success decreases.


It wasn’t until we broke down through that key support level that I felt confident there was going to be continuation to the downside.


Once I had that confirmation, I was ready to take action.


The trade setup aligned with my plan, and everything unfolded according to the risk parameters I had set.



Today was a great example of that. I executed the trade, managed it properly, took profits, and was done.


There’s no need to force additional trades just because the market is moving.


Overtrading often leads to poor decision-making and unnecessary losses.


P&L
09/24/2024 @ 0955 ET. [CLX24] - Short 30 @ 71.67, Cover 15 @ 71.20

The Importance of Trade Discipline


One of the key takeaways from today’s session is the importance of discipline.


If the market isn’t offering a clear setup or direction, I don’t trade.


Whether you’re seeing losses due to market chop or struggling to find a good entry, it’s crucial to know when to step back and wait for the right opportunity.


I was patient today, waiting for the market to define a direction.


Once it did, I identified where the aggressive players were in the market using the footprint chart, which shows order flow.


The footprint chart is an excellent tool for seeing where buying and selling aggression is occurring, and it helps pinpoint low-risk, high-probability entries.


When I saw the breakdown and identified where the aggression was coming in, that’s when I made my move.



stocks and options

Why Less Can Be More in Trading



I found a spot I liked, executed the trade according to my plan, protected myself with a well-placed stop, and took profits at my target levels.


I didn’t overtrade, and I didn’t stick around trying to squeeze out more from the market.


By sticking to a single, well-calculated trade, I was able to hit my profit target and walk away from the screen for the day.


This is the kind of approach that can lead to consistent profitability over 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



Anthony and Anna Speciale

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


Commenting on this post isn't available anymore. Contact the site owner for more info.

Copyright © All Rights Reserved

The Speciale Foundation Corp.     -     ASJR Enterprises, LLC     -     Speciale Analysis     -     Speciale Venture Capital LLC     -     A&T Auto Repair, Inc.

By engaging in this site, emails, videos, social, purchasing or subscribing to products or services you are acknowledging complete disclaimer!

Complete Legal Disclaimer, Terms Of Use, Conditions and Privacy Policy Can Be See @ www.anthonyspeciale.com/disclaimer

By submitting this form or any form and/or contacting us in any manner, you Agree with and Understand all Disclaimers within complete site:

 

U.S. Government Required Disclaimer Stock, Futures, Forex & Options trading has large potential rewards, but also large potential risk and it is not appropriate for everyone. You must be aware of the risks and be willing to accept them in order to speculate in the Stocks, Futures, Forex, and Options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell any securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

 

CFTC RULE 4.41 Hypothetical or simulated performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Cryptocurrency Trading Cryptocurrencies on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before getting involved in Cryptocurrency trading you should carefully consider your personal venture objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial deposit and therefore you should not place funds that you cannot afford to lose. You should be aware of all the risks associated with Cryptocurrency trading, and seek advice from an independent financial advisor if you have any doubts. The information contained on this web page does not constitute financial advice or a solicitation to buy or sell any Cryptocurrency contract or securities of any type. Dyno Trading will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

You should fully understand the risks associated with trading futures, options, ETF’s and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, ETF’s and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Past performance is not necessarily indicative of future results.  NO FINANCIAL, INVESTING OR TRADING ADVICE OFFERED.

Hypothetical Results Hypothetical or simulated performance results have certain inherent limitations - unless noted otherwise that an image or any material discloses live money was used, results displayed or openly discussed are to be assumed simulated for educational purposes only. No live money brokerage accounts will be traded or displayed by request or otherwise.  Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE IS RISK OF LOSS IN ALL TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALL RESULTS ARE HYPOTHETICAL. NO IMPLICATION IS BEING MADE THAT ANYONE UTILIZING ANY OF THE SERVICES OF DYNO TRADING HAS OR CAN OBTAIN SUCH PROFITS AND RESULTS. THIS INFORMATION IS NOT A RECOMMENDATION TO BUY OR SELL AT THIS TIME, BUT MERELY A PRESENTATION OF TRADING STRATEGIES. THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES BELIEVED RELIABLE, BUT IS NOT GUARANTEED AS TO THE ACCURACY OR COMPLETENESS. WE ARE SOFTWARE MARKETERS AND EDUCATORS ONLY. UNDERSTAND THAT TRADING OF ANY KIND IF RISKY AND YOU NEED TO CHECK WITH YOUR FINANCIAL ADVISOR TO DETERMINE IF TRADING IS FOR YOU.

UNDER NO CIRCUMSTANCES WILL THE COMPANY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES WITH RESPECT TO THE SUBJECT MATTER OF THE AGREEMENT, LOSS OF DATA OR LOST PROFITS, REGARDLESS OF WHETHER OR NOT SUCH DAMAGES COULD HAVE BEEN FORESEEN OR PREVENTED.

Educational Purposes. All software materials and presentation materials are for educational purposes only. The information contained on this website or in any product or service that Speciale Analysis provides does not constitute financial advice or a solicitation to buy or sell any securities of any type. Speciale Analysis will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All Product Demos are distributed to potential customers via Video Screencast demonstrating the Software features.

You should fully understand the risks associated with trading futures, options, ETF’s and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, ETF’s and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Past performance is not necessarily indicative of future results.  NO FINANCIAL, INVESTING OR TRADING ADVICE OFFERED.

Copyright Notice: Images Unless Noted Otherwise Have Been Sourced From GOOGLE IMAGES, FOREX FACTORY, TRADING VIEW, OIL PRICE or have received written or verbal consent for use - this applies to all pages of this website, emails, marketing materials and/or social media posts.  

By submitting your information you are opting in to receive email promotions and text messages from us and you agree and acknowledge that you have read and agree to the terms of using this website, receipt of email offers, registration reminders and other communications mentioned here

​Clients are required to self-manage their reoccurring PayPal subscriptions - Speciale Analysis will not be held liable for any aspects of this task.

ALL SALES ARE FINAL - NO REFUNDS - NO PRORATES - NO EXCHANGES - NO CREDITS - NO EXCEPTIONS - NO EXCUSES - NO GUARANTEES - ENGAGE AT YOUR OWN RISK

bottom of page