Another nice trade to close out the week on the NQ. See that section below. It ended up working even better, but we got stopped out raising the stop in the money.
Net ticks: +8 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:
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 long at A at 3214.00, hit first target for 6 ticks, stopped second half at 3219.00 after raising the stop:
