Fortunately my memory was never good enough for me to use that facility. C-r is how I always lookup earlier commands.
Can you navigate C-r history, or are you forced to see only the last command?
Search the command history
* Search as you type: Ctrl + r and type the search term; Repeat Ctrl + r to loop through results.
* Search the last remembered search term: Ctrl + r twice.
* End the search at current history entry: Ctrl + j
* Cancel the search and restore original line: Ctrl + g
Try of course at your own risk. But works for me.