A really great setup in the NQ triggered over lunch and stopped. I put it back in for the last two hours (which was really the original intent) and it at least triggered and ran to the first target. See NQ section below.
Net ticks: -4 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.
Nice two day breakout triggered long at A at 2728.50 and stopped for 7 ticks. I posted that the trade would be valid again in the last two hours, and that triggered at B, hit first target for 6 ticks, and stopped the second half at the entry:
