Live Analysis: Real-Time Crude Oil Trade

Join countless traders worldwide who use
the Hawkeye algorithms day in and day out to gain a powerful edge

Live Analysis: Real-Time Crude Oil Trade

Greetings, fellow traders! Anthony Speciale here, and I hope you’re having a wonderful day. Today, I’m excited to walk you through an actual trade, complete with live analysis. This isn’t hindsight analysis or cherry-picking; this is genuine, real-time market analysis, conducted live in front of traders using real money.

The goal is to showcase the credibility and effectiveness of live hawkeye volume and price action analysis, which sets successful traders apart.

Analyzing the Crude Oil Trade

Let’s dive into a specific trade on light sweet crude oil. This is the exact screen I trade on, and I’ll guide you through my thought process and the tools I used to pinpoint high-probability, low-risk entry points.

Real-Time Crude Oil Trade: Insights from Live Analysis
Live analysis

The Setup: Identifying Market Conditions

On the top left of the screen, you’ll see a 4-hour chart, which is my primary tool for analysis. Crude oil had been on a significant uptrend, breaking recent highs from May 20th and continuing to push higher.

However, by early morning, between 4:00 AM and 7:00 AM, the price action entered a consolidative state. This period of stagnation was a key indicator that a correction might be imminent.

The Prediction: Anticipating a Correction

Given the aggressive uptrend, I anticipated a potential correction. Markets that rise rapidly often experience sharp corrections. I advised my audience that we were likely to see a breather or pullback soon. This prediction proved accurate as the price action eventually broke out of the consolidation zone.

The Trade: Entering Based on Volume Analysis

Using Hawkeye volume indicators, I pinpointed the ideal entry points.

Once we broke below the consolidation area, the market confirmed a correction. Specifically, I noted that if we could stay below the 80.20 level, the price had a strong chance of retesting and breaking past prior lows.

Execution: Capturing the Move

Here’s how the trade unfolded:

  • Initial Short Entry: At the 80.20 level, capturing a move that provided over 100 ticks of profit.
  • Secondary Entry: For those who missed the initial entry, a second opportunity arose when the price retraced to the prior low on high buying volume, which then turned into resistance. This provided another chance to enter short, yielding around 75 ticks.

The Key: Understanding Volume and Price Action

Identifying these trading opportunities relies heavily on understanding the relationship between volume and price action. The Hawkeye tools are designed to help traders recognize areas where reversals or continuations are likely to occur.

The Hawkeye Advantage

Hawkeye tools provide the advantage of real-time volume analysis, enabling traders to:

  • Spot Reversals and Continuations: By analyzing volume, traders can make informed decisions about market trends.
  • Access the Hawkeye Mastery Library: This resource offers extensive educational materials to help traders interpret volume and price action effectively.

Trading successfully requires a deep understanding of market dynamics. Whether you’re day trading, swing trading, or position trading, mastering volume and price action is essential. The Hawkeye tools and Mastery classes are invaluable resources that can elevate your trading game.

If you’re ready to take your trading to the next level, I encourage you to explore the Hawkeye indicators and educational resources. Understanding volume and price action will help you navigate the markets with confidence and precision.

Thank you for being here with me today. Keep learning, and stay focused!

Happy Trading,

Anthony Speciale

Hawkeye Traders

Big Energy Profits

[sg_popup id=13743]