Futures Calls Recap for 11/5/14

November 5, 2014
|By Chris Mercer

Two winners, but only to their first targets, and a loser, so offsetting trades for the session after the markets gapped up and headed lower. The NQ’s filled but the ES did not. NASDAQ volume was strong out of the gate but closed only at 1.8 billion shares.

Net ticks: -2 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 2011.50 and stopped for 7 ticks. Triggered short again at B, hit first target for 6 ticks, stopped second half over entry:

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 at A at 4154.50, hit first target, second half stopped over the entry:

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Futures Calls Recap for 1/15/14

January 15, 2014
|In Tradesight
|By Chris

A winner on the ES after the market gapped up and pushed higher for the session. See that section below. NASDAQ volume was 1.9 billion shares.
Net ticks: +6.5 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 long at A at 1839.75, hit first target for 6 ticks, moved stop twice and stopped final piece in the money at 1841.50:

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