Three trades, three winners, although none of them did much for follow through. See ES and NQ sections below.
Net ticks: +9 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:
Mark’s long triggered at A at 1429.00, hit first target for six ticks, stopped second half under the entry. My afternoon call was made long after the ES based against the LBreak and entered at B at 1422.00, hit first target for 6 ticks, and I tightened up the stop and locked in the final piece at 1422.50 because it was getting late:
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 morning call triggered long at A at 2680.50, hit first target for 6 ticks, and stopped the second piece under the entry: