ESU1 Trade on Jul 7, 2021 09:23 from Kingkillabee: Tradervue User Stock Trades.

Managed Trade Right

Reason for entry: On the 15 min, there was an ascending wedge with Hidden Bullish Divergence forming along with Stochs approaching a trend line that has acted as support since July 6th (it was also at the edge of the bearish control zone). On the 5 min the bottom of the ascending wedge had already been tested with a clear reaccumulation pattern and was headed upward. I entered after 5 consecutive bull bars prevented the yellow 21 ema from crossing down through the 55 ema. My goal was to scalp this to about the middle of the range (because hidden bullish divergence doesn't always get a big move, especially when it is a weak signal like this was). I also didn't want to hold this position into the open because I entered in the middle of a range and it could've gone either way.

What could have been done better: I could've entered at the close of the 9:00 bull bar for a reversal up. This would've given me less risk betting on continuation of the range. I also shouldve left 1 contract on as a runner and move it's stoploss to breakeven. With a target profit at the top of the range.

What was done well: Seeing the confluence on a higher time frame to get my bias. Also, making the decision ahead of time that I did not want to hold this position into the open because I didn't have an ideal entry.

What was missed: I didn't notice that price action was getting closer with passing bull bar to the prior All Time High. I shouldve seen this as a magnet and another signal to hold part of my position to the top of the current range.

Emotions: I was pretty calm and relaxed on this trade. I new I wasn't holding it into the open and price action was pretty easy to read in the premarket. I was confident in this scalp.

How could I have responsibly made more money Left 1 contract as a runner with a breakeven stop loss or enter on the High 2 after the bottom of the range got tested.