ESU1 Trade on Jul 7, 2021 12:25 from Kingkillabee: Tradervue User Stock Trades.

Managed Right

Reason for entry: On the 5 min, there was a reversal down from the wedge channel lines. Stochs were giving a fresh cross down from the oversold region and price action was forming a range. I entered short expecting a test near the bottom of the range. I did not enter at the top of the range so I traded small in order to add to my position if it came to the top of the range before hitting my target. I took profit when I saw PA struggle to stay below the yellow 21ema.

What could have been done better: I could've added more on the close of the bull bar following my entry. This would have given me more profit in the end with a better risk/reward.

What was done well: Seeing the range forming at the top of a big move that just occurred. Expecting at least a couple of legs sideways to down (we got a 2-legged pullback off the high). Also the strong bull trend line was broken, forming a final flag.

What was missed: NA. This was the last trade of the day because I wanted to go to the gym. So I wasn't looking for the next move.

Emotions: Confident

How could I have responsibly made more money: Added 1 contract to my position at the close of the bull bar after my entry.