First trigger of the year for futures, and we made some money. See NQ section below. NASDAQ volume was 2.1 billion shares, which was a little deceiving because of news in SIRI.
Net ticks: +8.5 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:
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 long at A at 3521, hit first target for 6 ticks, raised the stop twice and stopped at 3526.50: