One winner and two losers for the session as the GOOG accidental release of earnings messed up the trading day. See ES and NQ below.
Net ticks: -11.5 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 triggered long at A at 1454.75, hit first target for 6 ticks, and stopped second half under entry. Mark’s short triggered at B at 1450.50 and stopped for 7 ticks:
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.
Long triggered at A into Value Area at 2768.50 and stopped: