We had a couple of nice setups on the long side early that triggered when both the ES and NQ were getting Comber and Seeker sell signals on the 5-minute charts, so we cut the trades short before they hit targets or stops. See both sections below.
Net ticks: -3 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 call triggered long at 1456.00 at A and was closed at 1455.00 for 4 ticks when the market stalled on the Seeker and Comber signals:
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 NQ triggered long at 2848.50 at A and I closed it at 2849.00 for a tick gain on the Seeker and Comber signals: