Trust In His Perfect Way ... 2 Samuel 22:31
- Anthony Speciale
- Oct 28, 2024
- 5 min read
Updated: Nov 4, 2024
Greetings,
Trust In His Perfect Way
2 Samuel 22:31 encourages us with these powerful words: “As for God, his way is perfect: The Lord’s word is flawless; he shields all who take refuge in him.”
In a world full of uncertainty, it’s easy to feel overwhelmed. But remember, God’s ways are perfect, and His promises never fail.
When we place our trust in Him, we are shielded and protected, no matter the challenges we face. Let this truth guide your steps and strengthen your faith each day!
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!
Targeting 67.10 Liquidity For Fast Profits
Welcome to today’s live session recap. I hope you’re doing well and had a relaxing weekend. Today marked the beginning of a new trading week, and with no major news on the calendar, it was a typical "no-news Monday."
Unfortunately, this meant we were dealing with choppy and less-than-ideal price action across the board. Despite the market conditions, I managed to find a single trade opportunity in crude oil, which I’ll break down in detail.
Crude Oil Trade Setup: Analyzing the Opportunity
As many of you know, I focus on trading crude oil, along with Nasdaq, S&P 500, and gold. But today, all markets were exhibiting choppy behavior, making it a day where we had to be particularly patient. In these types of market environments, it's critical to recognize that sometimes the best action is no action. However, I did manage to identify one solid opportunity early in the session.
Here’s how it played out:
At the 8:00 AM candle, I noticed an increase in volume, which caught my attention. Price action had created an area of interest that I was watching closely. My plan was simple: I wanted to see if this level would hold as resistance. Sure enough, as the market approached this area again at around 8:40 AM, I liked what I saw on the footprint chart. The chart confirmed the presence of resting liquidity below, which gave me confidence to enter a short position.
There were key liquidity pools resting at $67.10 and $67.00. I decided to take a conservative approach and placed my short trade, aiming to exit at the first pool of liquidity at $67.10. This provided me with a clear target, and I exited my position as soon as that liquidity was tapped, securing a solid trade for the day.
Trade Execution: In and Out with Precision
The trade unfolded smoothly, and I was out by 9:00 AM. One trade, 15 ticks, and done for the day. After that, I didn’t see anything else worth taking. The price action continued to drift around the VWAP, and the market didn’t show any definitive direction.
Sometimes, less is more in trading, and this was one of those days. Once I secured my profit, I didn’t feel the need to chase any additional trades. It’s important to remember that discipline and patience are as crucial as the trades themselves.
Market Reversal: Why I Stayed Out After My Trade
After I exited my trade, the market started to reverse hard off the 9:00 AM candle. Volume surged again, and I had a strong feeling that a reversal was coming. However, I chose not to jump back in.
Why? Because my trade plan is based on sticking with the trend, and I didn’t want to fight the market. We were clearly in a downtrend, and the high volume at the 9:00 AM candle confirmed that the market was looking for liquidity below.
On the four-hour chart, you could see a significant gap formed due to geopolitical events, which only reinforced the idea of a downward move. But after locking in my profit, I decided to call it a day rather than push my luck in choppy conditions.
Key Takeaways for Retail Traders
Patience is Key: Today’s choppy price action is a reminder that sometimes the best trade is no trade. If the market isn’t offering clear opportunities, there’s no shame in stepping back and waiting for a better setup.
Trust Your Tools: My decision to take a short trade was heavily influenced by what I saw on the footprint chart and the liquidity pools. These tools are essential for understanding where the market is likely to go, especially in tricky conditions.
Discipline Pays Off: I entered the market when I saw a clear opportunity, took my profit, and stepped away. Chasing trades in uncertain market conditions is a recipe for disaster. Always stick to your trade plan.
It was a quiet day in the markets, but I managed to lock in a solid trade early and didn’t feel the need to overextend myself. Some days, it’s all about taking what the market gives you and moving on.
If you have any questions or want to dive deeper into today’s trade, feel free to reach out. My email is listed below, and I’d be happy to help you along your trading journey.
Also, if you’d like to trade live with me, I host live sessions every morning from 8:00 AM to 11:00 AM, covering the Nasdaq, S&P 500, crude oil, and gold.
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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