Two winners, but a stop out first on one of them. See ES and NQ below.
Net ticks: +0.5 ticks.
As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:
ES:
Mark’s call triggered short at 1524.75 at A and stopped for 7 ticks, then retriggered at B, hit first target for 6 ticks, and stopped the final piece at 1523.75 at C for 4 ticks:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
My call triggered short at A at 2777.00, hit first target for 6 ticks, and stopped the second half over the entry:
