It started out boring, but the Fed minutes got things moving in the afternoon. Two calls for the session, a winner and a loser in the NQ. See that section below.

Net ticks: +12 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 3945.00 and stopped. I did not re-enter but it would have worked the second time. Triggered long at B at 3969.50 from my call. Mark adjusted the stop a couple of times and stopped the final piece at 3985.00:

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