A trade that stopped out once and then worked a little the second time (and much better later) on the NQ. See that section below. Volume was crazy low at only 1.4 billion NASDAQ shares.

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:

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 long at A at 2717.50 and stopped for 7 ticks. Took the trade again 10 minutes later, hit first target for 6 ticks, and stopped second half under the entry:

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