A winner on the NQ and a loser and winner on the ES for the session. See both sections below.
Net ticks: +4.5 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:
Mark’s short triggered at A at 1405.75 and stopped for 7 ticks and he did not re-enter. His long triggered at B at 1410.00, hit first target for 6 ticks, and stopped the second half under the entry:
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 short triggered at A at 2652.50, hit first target for 6 ticks, and I lowered the stop several times and stopped the final piece at 2646.50 at B: