A winner on the QM and NQ, and a loser on the NQ (same trade failed first time). See both sections below.

Net ticks: +23 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 3001.00 and stopped for 7 ticks. Put it back in and it triggered again at B, hit first target for 6 ticks and stopped second half under the entry:

QM:

Very nice setup against LPT triggered short at A, hit first target for 6 ticks, lowered stop three times and stopped final piece at B at 93.775 for 36 ticks to final exit:

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