ESU1 Trade on Jul 7, 2021 11:15 from Kingkillabee: Tradervue User Stock Trades.

Managed Right

Reason for entry: On the 5 min, I shorted on the test of the bottom of the ascending wedge, where the 200ema was getting tested for the first time in a while and at a measured move up from the bullish engulfing reversal bar and a test of the .618 fib retracement. I took trade looking for a 2 point scalp. I started with 2 contracts and allowed myself room to add higher if it continued, which it did so I added 1 more contract 1 point higher than my prior entry.

What could have been done better: It would have been better to enter long at the close of the bullish engulfing, so that I could've traded with the trend and caught the bigger move. But I managed this trade well considering when I saw the opportunity.

What was done well: seeing a quick scalp opportunity with several areas of confluence showing there would likely be profit taking here and other bears selling for a scalp.

What was missed: The earlier entry for the bull trend.

Emotions: Confident