Three trades, one winner, in another session that gapped up and started to go higher but finally failed and filled the gap on 1.9 billion NASDAQ shares.
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:
Triggered long at A at 1820.75 and stopped. Did not put it back in:
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.
Mark’s call triggered long at A at 3633.50 and stopped. My short triggered at B at 3623.50, hit first target for 6 ticks, stopped second half over the entry: