Greetings,
Seek the Lord with All Your Heart
In Deuteronomy 4:29, we are reminded of this powerful promise:
“But if from there you seek the Lord your God, you will find him if you seek him with all your heart and with all your soul.”
No matter where you are in life, if you truly seek the Lord with all your heart, you will find Him.
He is faithful to those who pursue Him earnestly and with a sincere spirit.
In moments of uncertainty or challenge, remember that your efforts to draw near to God are never in vain.
Keep seeking Him, and He will reveal His presence and guide you along your path.
Stay encouraged and continue seeking Him wholeheartedly!
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!
Tackling A "No News" Wednesday LIVE Trading Session
Welcome to today’s live session recap, where I'll be sharing the key insights and takeaways from my trading experience in the crude oil market.
While we also reviewed the Nasdaq, S&P 500, and gold markets today, the focus will be on crude oil, as that’s where we found the most actionable opportunities.
Before diving into the details, it's worth mentioning that this morning's markets were relatively choppy.
There weren’t any clean, trending movements, which is always a challenge, especially for retail traders.
That being said, we did manage to identify and capitalize on a few key opportunities, especially in crude oil. Let’s break it down.
Crude Oil Market Overview and Key Levels
Today, crude oil presented an interesting setup early in the session.
We were initially looking at the $70.60 level, which, based on the order flow, was a significant area to watch.
I communicated to my traders that if the market held this level, we could see a push through the VWAP (Volume Weighted Average Price) and potentially run up towards the $71 mark. That’s exactly what happened.
For those unfamiliar, liquidity refers to the number of buy or sell orders resting at a particular price.
When these orders get filled, it often leads to a temporary pause or reversal in the market, which is exactly what occurred today.
Navigating the Reversal: A Short Opportunity
After hitting $71, crude oil began to show signs of exhaustion, with the market plotting high-volume nodes within the upper two candles.
High-volume nodes indicate areas where a lot of trading activity occurred, and they can often signal areas of resistance or support.
Seeing this, I identified a potential short opportunity. I entered a short trade around $71, targeting a move back down to $70.70.
This trade worked out well, and I’ve recorded a video of this specific trade, which I’ll be including in this blog post for those interested in seeing the entry and exit points, as well as the reasoning behind them.
Quick Scalps: Long and Short Plays
While I didn’t have time to record this trade, it was a quick scalp that played out in my favor. However, this move happened fast and didn’t offer a significant follow-through.
For retail traders, quick scalps like these can be tricky, as they require fast decision-making and precise execution.
Later in the session, I took another short as the market showed more signs of weakness. This time, we were looking for the market to drop below $70 and target the liquidity resting around $69.65.
As expected, the market pushed through the $70, hitting a low of $69.65 before retracing.
There’s still more liquidity resting at $69.50, and if we see momentum pick up in the downward direction, there’s potential for the market to continue through these lows.
However, I’ve wrapped up my trading for the day.
Today’s session was a great example of how important it is to stay nimble in choppy markets. For retail traders, this can be especially challenging, as we’re often looking for cleaner setups and more defined trends.
Here are a few key lessons from today’s session:
Identify Key Levels with Order Flow – Today’s crude oil trade revolved around the $70.60 and $71 levels, which were identified using order flow analysis. Understanding where large volumes of trading are happening can give you a clear picture of where the market might stall or reverse.
Be Prepared for Reversals – After the market hit $71, the reversal was quick but expected. Being prepared for reversals at key levels, and knowing how to react, can help you capitalize on these moves.
Fast Profit-Taking in Choppy Markets – Today was not a day for holding trades for long periods. The market required relatively fast profit-taking, as the moves were short-lived. For retail traders, recognizing when the market isn’t trending and adapting your strategy to focus on quick profits can be a game-changer.
Patience is Key – While today wasn’t the easiest session, it was profitable. That’s an important reminder that not every day will provide perfect setups, but staying patient and waiting for the right opportunities is critical.
Tomorrow, we’ve got the crude oil inventory reports at 11:00 AM, and some key U.S. economic data releases at 8:30 AM.
These events are likely to introduce more volatility into the market, and I’ll be watching closely for any new setups.
As always, I’ll be recapping tomorrow’s session to share how everything played out.
If you’re interested in learning more about how I trade live with my clients and the services I offer, there will be a link below this post.
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.
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
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