ESM3 Trade on May 26, 2023 09:30 from Edher0220: Tradervue User Stock Trades.

The set-up: Rally Base Rally

What I did Right: I did a good job of identifying strength in the market, and realizing that buyers were really strong on the tape indicating that price may possibly break through the area of supply.

What I did Wrong: The first thing that I did wrong was entering the market without there being a clear entry. I entered a position because price opened very strong, and I thought that the opening momentum would allow price to rally immediately. Because I was stopped out, I became fearful of entering new positions when the market pulled back, allowing for a good entry. After price was rejected @ 4175.50, the market provided a great opportunity to enter the market when price pulled back, held above the previous supply and bounced immediately. I was too fearful to get in.

Where I could improve: I must really focus on improving my executions when entering a trade. I should have waited for the level to make a clear break, and THEN enter when price comes back to test the level that was previously broken.

Trade grade:
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