Seek Him While He Is Near ... Isaiah 55:6
- Anthony Speciale
- Oct 18, 2024
- 5 min read
Updated: Oct 19, 2024
Greetings,
Seek Him While He Is Near
Isaiah 55:6 reminds us: “Seek the Lord while he may be found; call on him while he is near.”
No matter where we are in life, this verse encourages us to pursue God wholeheartedly.
He is always near, ready to guide and strengthen us, but we must make the choice to seek Him.
Whether in times of uncertainty or peace, let’s prioritize our relationship with the Lord, knowing that He is always within reach to provide comfort, wisdom, and direction.
Now is the time to draw closer to Him!
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 Trapped Buyers Presented Opportunity To Squeeze Towards $69 Liquidity
Welcome to today's session recap! In this post, I’ll walk you through the strategies and insights I used in navigating today's markets.
We’ll dive into key concepts that can help you, as a retail trader, approach the markets with a professional mindset.
Market Overview
Gold: Struggling to Hold New Highs
Gold continues to grapple with resistance every time it tries to break through new highs. This shows hesitation among buyers, and I’ve been cautious with gold trades recently.
NASDAQ: Early Bump from Earnings
The NASDAQ saw a rise early this morning, primarily due to positive earnings reports, especially Netflix. Earnings season is always a volatile time for tech-heavy indices, and it’s important to keep an eye on these key announcements.
S&P 500: Range Bound Amid Uncertainty
The S&P 500 has been largely range-bound. This type of consolidation is often seen during periods of uncertainty, and we are right in the thick of one due to the upcoming presidential election. Markets hate uncertainty more than anything. With two very different candidates running for office, there’s a lot on the line, and that translates into market hesitation.
Crude Oil: Targeting Liquidity Zones
Crude oil has been my focus today. We saw some clear liquidity targets that played out well in today’s session, which I’ll dive into in more detail below.
Trading in Times of Uncertainty
Just because the market is open doesn't mean there’s a good setup. In periods of uncertainty, such as we’re experiencing now, the best trade might be no trade at all.
You have to learn to recognize when the market is indecisive or consolidating, as trying to force trades in such environments can lead to frustration and losses.
It’s vital to respect the market and understand that it’s much larger and more powerful than any individual trader. It’s not about fighting the market; it’s about working with it.
Key Steps for Trading Success
Here’s a breakdown of how I approached today’s crude oil trade, which I’ll walk through step by step to give you actionable insights.
1. Identify the Market Direction
The first thing I do is determine whether the market has a clear direction. Today, crude oil was showing some bearish tendencies, and I wanted to align my trade with that.
2. Find the Best Setup with Low Risk and High Probability
Once the direction is identified, my next step is to find a setup that provides the lowest risk and highest probability of success. Markets were choppy today, and I didn’t want to hold out for large moves. Instead, I aimed for smaller, calculated plays, targeting nearby liquidity.
3. Capture the Closest Liquidity
In choppy markets, it’s not about trying to hit home runs. Today, I was simply aiming to capture small, calculated gains by targeting nearby liquidity levels, which was precisely what I did.
Today’s Trade: Crude Oil Breakdown
The Setup
I only took one trade today. It’s Friday, and I had a decent week, but the market conditions were not ideal for big plays. I focused on a quick, efficient trade in crude oil.
The market was showing signs of pushing lower, and I saw an opportunity around the $69 level. There was significant resting liquidity around this price point, which I targeted as my exit.
Entry and Exit
I entered just below $69.30. There was some light pushback as expected, but I held steady, targeting $69.05 for my exit, where there was a clear liquidity pool.
This trade was over in a minute, capturing around 21 ticks of profit. It was a textbook example of how to execute a precise, calculated trade in a choppy market.
The Evidence Behind the Trade
I used my tools to track aggression in the market. The market moves on aggression—either buyers or sellers must take charge for price to move. Once I saw that sellers were showing aggression, I followed that direction and captured my profit.
Learning from Every Trade
My goal in sharing these recaps is to provide you with valuable lessons that you can apply in your own trading. Whether you’re trading with me or learning from someone else, I want you to gain insights into what works and, just as importantly, what doesn’t.
Learning when not to trade, how to manage risk, and how to capitalize on clear opportunities are all essential skills that will serve you well on your trading journey.
As retail traders, the most critical aspect of success is discipline—knowing when to trade and when to step back. The market doesn’t always provide ideal conditions, and in times like this, patience is key.
Today’s crude oil trade was a perfect example of taking a calculated, quick profit and stepping aside rather than chasing larger moves in a choppy market.
I’ve been trading for over 13 years now, and if there’s one thing I’ve learned, it’s that consistent, disciplined trading beats trying to hit the jackpot every time.
Thank you for joining today’s recap! If you’d like more in-depth insights or to work with me personally, feel free to reach out.
My door is always open to help you on your trading journey!
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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