A nice winner using the Value Area on the NQ from Mark for the session. See that section below.
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.
Mark’s call triggered long (into Value Area) at A at 3216.00, hit first target for 6 ticks, and he adjusted the stop a few times and stopped 11 ticks in the money at 3221.50 at B: