A loser on the ES, two small winners on the NQ. See both sections below.
Net ticks: -0.5 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:
Mark’s short triggered at A at 1577.50 and stopped:
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.
Mark’s long triggered at A at 2849.00, hit first target for 6 ticks, and stopped the second half under the entry. My short triggered at B at 2844.00, and it was having trouble getting through the combination of the UPT, UBreak, and a TDST, so I closed for 4 ticks at 2842.00:
