What is with the colors? It will all make sense eventually. For now, just understand that at Tradesight moving forward, futures charts will have a blue right and bottom scale background (Forex will be green and stocks will be black).
A nice winner early in the ES and then a loser in the NQ that just missed the first target by a half tick (0.25). See both sections below.
Net ticks: -1 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 1538.75 at A, hit first target for 6 ticks, and stopped final piece at the same 6 tick gain on a lowered stop:
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 short under LPT in the afternoon at A at 2731.00. First target was 2728.00, and it hit 2728.25 before reversing back to the stop inside of a minute:
