Not the best start to the year for futures as the market gapped up so big, we didn’t have much for Levels to use for setups. The same trade triggered three times, stopping twice, but working the third time. See ES below. Volume in the market was good though, so hopefully that holds and we can get back to normal trading.
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:
ES:
Triggered short at A at 1446.50 and stopped for 7 ticks. Triggered again at B and stopped. Triggered again at C, hit first target for 6 ticks, and stopped the second half over the entry:
