Welcome, fellow traders, to an insightful exploration of a real trade executed within my Big Energy Profits service, utilizing the powerful Hawkeye Volume Driven Tools.

Today, I’ll break down the specifics of this trade, share the techniques and analysis methods I use, and demonstrate how volume has been crucial in sustaining and potentially amplifying our returns.

The Trade Breakdown

Let’s dive into the specifics of this trade on XOM. We identified a promising entry point at $103.75 with a stop-loss set at $100.00, risking less than 4%. This cautious approach aligns with my trading philosophy: small risks with substantial upside potential.

From this entry, we saw a strong upward movement, hitting our initial targets at $109, $112, and $118. The key to staying in this trade, even as it pulled back, has been understanding the interplay of volume and price action.

Hawkeye’s Volume Driven Tools have been instrumental in this analysis.

Volume and Price Action: The Keys to Trading Success

Volume is the heartbeat of the market. It provides insights into the strength and validity of price movements. In our trade, even as prices pulled back, the selling volume failed to break through significant support levels.

This consistent inability to close below support, despite increased selling volume, indicated that sellers were being absorbed and buyers were stepping in.

This understanding kept us in the trade, allowing us to ride the upward momentum.

By focusing on these volume cues, we identified that the market was likely to test higher levels, potentially revisiting $121 and $123, with potential to continue upward.

The Simplicity of Effective Trading

The charts I use are straightforward. Aside from my annotations, the core elements are volume and price action.

These two factors alone provide a comprehensive view of market dynamics.

While many traders clutter their screens with numerous indicators, it’s essential to recognize that these indicators are lagging, and reflect what has already happened.

Volume and Price Action, however, are LEADING INDICATORS.

They offer predictive power by showing the underlying market sentiment and potential future movements. Understanding this relationship is crucial for any trader aiming to achieve consistent profitability.

Lessons Learned and Moving Forward

In trading, not every expectation will play out perfectly. However, having a robust trade plan and a solid understanding of volume and price action allows for profitable adjustments even when the market deviates from initial predictions.

In our case, the stars aligned for this trade and BIG PROFITS were achieved, by simply adhering to our strategy and managing risks effectively.

Why Volume-Based Trading?

Volume-based trading provides a significant edge in the market. It’s about recognizing the flow of orders and understanding market context. By focusing on these elements, traders can make informed decisions, minimize risks, and maximize returns.

If you’re serious about advancing your trading skills, I invite you to explore more about Hawkeye’s Volume Driven Tools and my Big Energy Profits service.

Whether you’re new to trading or have years of experience, enhancing your understanding of volume and price action will be a game-changer.

Take the Next Step

I encourage you to dive deeper into the resources available below this post. Reach out to me or my team at Hawkeye Traders with any questions. We’re here to support your trading journey and help you become a more proficient and successful trader.

Thank you for reading, and I hope you find this analysis insightful. Stay tuned for more valuable content, and as always, trade smart and manage your risks!

Happy Trading,

Anthony Speciale

Hawkeye Traders

Big Energy Profits