ESU1 Trade on Aug 4, 2021 10:04 from Kingkillabee: Tradervue User Stock Trades.

Reason for entry: The 4 hour chart confirmed Bear Div, 5 min retraced up to the .618 where I was planning on a swing trade entry for the 4 hour signal down to the 55ema on the 4-hour (which was at $4388). The 55ema was also where PA tested every time we had Bear Div recently while we were within this range. Also, the 55ema was just slightly below the middle of the range, which was a reasonable target.

Type of entry: Limit order

Stoploss: 2 points above my entry, in the middle between the .618 and .786.

What could have been done better: The confluence between the 4 hour 55ema and the measured move target off the 5 min was so close that I didnt consider being more flexible with my profit target. It would have been better if I would've recognized that wick down as the test of the measured move and the subsequent bull bar (or 2, or 3) as profit taking and consider target hit. I held it for too long and once it broke the bear channel line (last pic-cyan line) I closed the trade.

What was missed: I did not see (until doing the journal entry) the 3 drive test downward (red line). I wouldve definitely taken at least partial profit at this area had I notice it.

Emotions: Frustrated that I didnt break my record today, but I traded very well and followed my rules better that I have been (by a longshot, I traded well today). So I have to be proud of myself for that.