ESU1 Trade on Jul 7, 2021 11:36 from Kingkillabee: Tradervue User Stock Trades.

Managed Wrong

Reason for entry: On the 1 hour, support from prior ascending wedge has turned resistance and is being respected (1st pic). On the 5 min, I entered long after seeing how strong the small pullback bull trend was. I expected a test of the top of the bear channel (which is a magnet).

What could have been done better: I front ran the exit because I was afraid it might not make it all the way to the top of the bear channel. I shouldve realized the strength of this bull leg because it barely had any pullbacks at all in it's rally up.

What was done well: Seeing the momentum and likely target for the bulls.

What was missed: Well I missed the earliest entry after the bullish engulfing at the bottom of the range. I also missed the measured move projection showing higher prices and a test of the prior wedges (see 1st and 3rd pics).

Emotions: Confident the prices were going up.

How could I have responsibly made more money: By acting on earlier entries and constantly trying to draw measured move targets to see if there are multiple that line up with each other.