An interesting session. Usually, if a trade triggers and stops quickly, we put it back in. Today, a trade triggered and worked a little, and then much later in the day, the exact same trade was set up and worked better. See NQ section below.

Net ticks: +8 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:

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.

Triggered short at A at 3243.50, hit first target for 6 ticks, and stopped second half over the entry. In the afternoon, the same trade was called as we started to head lower after lunch. Triggered short at B at 3243.50, hit first target for 6 ticks, lowered the stop and stopped the second half 5 ticks in the money:

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