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Join me as I setup my Levels for Trading Crude Oil LIVE on Monday Morning

Speciale Analysis

Hey Trader,


The Power of Patience and Integrity in Your Trading Journey


As you continue to navigate the complex and often challenging world of trading, I wanted to share a verse that offers valuable wisdom for achieving lasting success:


"Dishonest money dwindles away, but whoever gathers money little by little makes it grow."

  • Proverbs 13:11


In the fast-paced environment of trading, it's tempting to seek quick gains. However, this verse reminds us that true and lasting success comes from patience and integrity.


By diligently and honestly accumulating wealth over time, we build a strong and stable foundation that can weather market fluctuations.


Let this verse inspire you to approach your trading journey with a long-term perspective. Embrace steady and ethical growth, knowing that each step forward, no matter how small, contributes to a prosperous and sustainable future.


Your commitment to integrity and patience will not only lead to financial success but also earn you respect and trust in the trading community.


Wishing you patience, integrity, and success in all your trading endeavors!


Be Relentless In Pursuit Of The Will 

Which God Has Set Upon Your Heart,

Anthony Speciale



Join me as I setup my Levels for Trading Crude Oil LIVE on Monday AM

I hope you're having a great weekend or have enjoyed it by the time you read this.


It's that time of the week again to prepare for the trading week ahead.


As you know, I'm Anthony Speciale, and today, I want to share the critical importance of higher time frame analysis and key level plotting for your trading strategy.


Understanding the Significance of Key Levels


Let's dive into why plotting key levels on your chart is indispensable.


Take a moment to consider last Friday's market action.


Imagine having a specific level marked on your chart, witnessing a correction back to it, finding resistance, experiencing a significant rally, and then observing the market return to this level.


These levels aren't just lines; they are potential pivot points where market action can offer low-risk setups.


For example, if you're a trend trader, you can use these levels for profit-taking.


Conversely, if you're a reversal trader, these levels can guide you to potential reversal points.


This approach helps you identify where to focus your trading efforts, making your strategy more precise and effective.


My Approach to Chart Setup


I want to walk you through my process of preparing for the trading week.


I use a combination of higher time frame charts, reference screens, and a "naked" chart for intraday markings.


  1. Higher Time Frame Analysis: The blue levels you see on my chart come from a weekly chart, providing a broader perspective of market movements.

  2. Reference Screen: I always have a three-minute chart as a reference, which I share with my clients. This screen isolates essential data I need to make informed decisions.

  3. Naked Chart: This chart has no indicators or markings, allowing me to see pure price action and draw real-time analysis based on current market conditions.


By combining these charts, I gain a comprehensive view of the market, enabling me to make better trading decisions.


chart

Plotting Key Levels


The process of plotting key levels is straightforward but highly effective. I clone levels from the weekly chart and apply them to my reference and naked charts.


For instance, my first level might be at 86.91, followed by 86.18. These levels are derived from higher time frame analysis, which I provide to my clients as part of our service.


The Importance of a Trade Plan


Having a trade plan is crucial. It ensures consistency and discipline in your trading approach.


Your trade plan should outline when and where to enter trades, how to manage risk, and where to take profits.


It’s also essential to be mentally conditioned to follow this plan, regardless of the market's behavior.


I offer my analysis and insights to help you grow as a trader.


I share my experiences, including the lessons learned from my failures, to provide you with the knowledge and tools to succeed.


Applying Key Levels in Real-Time


Let’s look at how these levels work in practice. On my 4-hour chart, you can see the significance of these levels in recent market actions:


  • Resistance and Support: Notice how certain levels provided resistance, leading to sell-offs, or support, leading to rallies. For example, a level at 8131 acted as a volume point of control, providing significant resistance and support.

  • Trend Trading: As a trend trader, I prefer trading with the overall market direction. This approach adds validity to my trades and increases the odds of success. When the market breaks a key level, I use these levels to determine profit-taking points.


Simplifying Your Trading


Overtrading is a common issue among retail traders. By focusing on trades around these key levels, you can reduce the number of trades and increase their quality.


Understanding where the market's significant areas are can help you make more informed decisions and avoid unnecessary trades.


Real-Time Examples


Here’s a breakdown of how I applied these principles last Friday:


  • Short Trade: I identified a resistance level where the market got stuck. I told my clients that if the market couldn't break this level, it would fall back. When the market flushed the session VWAP, I entered a short trade and took my profit at a predetermined level, resulting in a successful trade.

  • VWAP and Resistance: The VWAP held as resistance multiple times, leading to market sell-offs. By understanding these dynamics, I could anticipate market movements and plan my trades accordingly.



Knowledge and information are the keys to simplifying your trading.


You can't rely on software or gurus to make trading decisions for you.


Instead, build a plan around solid information and execute it with discipline.


This approach leads to long-term success in trading.


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.



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