Global Market Dynamics: Lack of Buying Interest at Key Resistance Area Identified LIVE
Anthony Speciale here with Hawkeye Traders. I hope you’re having a wonderful day!
Today, I want to take you inside my trading process with a detailed breakdown of a trade I placed this morning.
This isn’t just about sharing my thought process; it’s about helping you understand how to make informed trading decisions in real-time.
In this blog post, I’ll walk you through the trade, the analysis behind it, and the outcomes, all backed by a video of the live trade.
Analyzing the Trade: Sweet Crude Oil
As many of you know, I frequently trade sweet crude oil.
This morning’s trade is a perfect example of how understanding market dynamics and volume can lead to successful trades.
Let’s dive into the setup:
Overnight Market Movement: During the overnight session, the market made a high but then pushed lower, failing to retake that high before continuing to sell off. This initial movement set the stage for our trade.
Identifying Key Levels: As the market pushed higher, it fell into a consolidative state. By cloning the price action, we could clearly see the resistance level where the market was unsuccessful in pushing higher. This resistance was a critical line in the sand.
Volume Analysis: One of the most telling indicators was the lack of new buying interest. Despite occasional pushes in buying volume, there was no significant momentum to break through the resistance. Instead, every push resulted in a lower high, signaling a potential sell-off.
Executing the Trade
https://vimeo.com/987134236?share=copy
Entry Point: Recognizing the signs of weakness and lack of buying enthusiasm, I entered a short position into momentum as the market started to break down from the consolidative state.
Profit Target: I identified a support level from previous analysis and set this as my profit target. The trade played out quickly, moving about 23 ticks in my favor. Though it was a short move, it was highly rewarding due to the leverage involved.
Volume and Price Action: Throughout this trade, volume was the key indicator. The absence of strong buying volume in an area of previous resistance suggested a high probability of a price decline. This understanding allowed me to confidently execute the trade and exit with a profit.
The Bigger Picture: Volume and Price Action
This trade underscores the importance of understanding the relationship between volume and price action. Volume tells the story of market intentions, and by reading these signals accurately, you can make informed trading decisions.
Join Me for an In-Depth Training Webinar
To help you master these concepts, I invite you to join my upcoming training webinar.
In this session, we will:
- Dive deeper into the relationship between volume and price action.
- Analyze real-time market movements and identify trading opportunities.
- Provide access to the Hawkeye indicators and the Volume Mastery series.
- Discuss how to apply these strategies to your own trading.
By attending this webinar, you will gain the tools and insights needed to improve your trading performance.
You’ll learn how to identify low-risk, high-probability trades and execute with confidence.
Why You Should Attend
Understanding volume and price action is crucial for any trader looking to succeed in the markets. This webinar will provide you with practical, actionable knowledge that you can apply immediately. Whether you’re a day trader or a swing trader, these insights will help you navigate the markets more effectively.
Register Now
Don’t miss this opportunity to enhance your trading skills and learn from a seasoned professional. Register for the training webinar today and take the first step towards more successful trading.
Register Here for the Training Webinar
I look forward to seeing you there and helping you achieve your trading goals.
Happy Trading,
Anthony Speciale
Hawkeye Traders
Big Energy Profits
