It Was A One & Done Kinda Morning
- Anthony Speciale
- Jun 6, 2024
- 4 min read
Hey Trader,
Finding Strength in Love and Community
In the world of trading, we often focus on strategies, charts, and market movements.
However, amidst the numbers and analysis, it's essential to remember the human element that binds us all.
This powerful reminder from John 15:12 offers profound wisdom for our journey:
"My command is this: Love each other as I have loved you."
In the trading community, this message resonates deeply.
We are not just individuals striving for success in isolation; we are part of a larger network where support, understanding, and kindness can make all the difference.
As you navigate the complexities of the markets, let love and compassion guide your interactions.
Celebrate each other's successes, offer support during challenging times, and share knowledge generously.
By fostering a spirit of camaraderie and mutual respect, we create an environment where everyone can thrive.
Let this verse inspire you to build meaningful connections, lift others up, and approach each day with a heart full of love and gratitude.
In doing so, you'll find that trading becomes not just a pursuit of financial gain, but a journey enriched by the strength of community. Wishing you love and success!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
It Was A One & Done Kinda Morning
Welcome, traders! Anthony here with today’s LIVE session recap. As always, my goal is to break down the trades I identify, analyze, interpret, and set expectations for.
Today, our focus is primarily on light sweet crude oil, a market I've chosen to intensify my position sizes on. While I continue to provide the same valuable insights for NASDAQ, S&P, and Gold, Crude Oil is where my financial efforts are concentrated.
This morning was particularly choppy across all markets.
Choppiness doesn't imply the absence of opportunities; it requires us to be more proactive and selective.
Earlier today, crude oil presented a high, but the significant moment came when a bunch of buyers got trapped around the $90.74 to $91.00 mark.
This was evident through the order flow, which showed volume clustering at this level, indicating potential resistance.
We had a bunch of trapped sellers below, and breaking through those levels confirmed my analysis. I was waiting for a close below $74.75, and once we had that, it signaled a potential downward movement.
Here’s how it unfolded:
First Target: A close below $74.75 was our initial trigger. The first target was $74.55, yielding 19 ticks.
Second Target: Next, we aimed for $74.30, gaining 43 ticks.
Third Target: Finally, $74.15 for 58 ticks.
While the market didn’t achieve deeper targets based on higher time frame volume profiles, it met the primary ones.
After hitting these targets, the market reversed, pushing back up, highlighting the importance of having multiple targets and adjusting stops to protect profits.
Importance of Order Flow and Price Action
In trading, especially on choppy days like today, relying on order flow and price action becomes crucial.
My charts are filled with hand-drawn analyses to quickly reference previous highs, trend lines, channel structures, and volume nodes.
This visual aid is vital for identifying potential trade setups and making informed decisions.
My trading typically involves a 5-minute chart, with references to a 1 & 3 -minute and higher time frames (weekly, daily, 4-hour) for broader context. This multi-time frame approach helps in understanding both the short-term and long-term market dynamics.
Sharing My Thought Process
I share these videos and blog posts to provide educational insights without any strings attached. I wish someone had offered me such guidance when I started trading.
Yes, I offer an analysis service, but the primary goal is education.
I provide real-time intraday analysis, day trading, swing trading, and position trading levels across futures, stocks, forex, and crypto markets.
My client base is intentionally small.
This allows me to offer personalized attention and build genuine relationships.
Knowing my clients personally – their struggles, their achievements – enables me to serve them better.
My mission is to help you grow as a trader by overcoming psychological and emotional hurdles.
The Value of Patience
One of the biggest lessons in trading is knowing when not to trade.
On choppy days, patience is invaluable. Today’s market condition is a testament to this.
Instead of forcing trades, waiting for clear opportunities is crucial.
This discipline helps in preserving capital and reducing unnecessary losses.
Thank you for taking the time to watch the video recap and explore this blog post.
If you found it insightful, make sure to check back for more educational content.
Feel free to reach out with any questions. My goal is to provide the best version of myself as a market analyst and trader to help you grow in your trading journey.
Until next time, God Bless!
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
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