A little disappointing considering the volume was up at 1.7 billion NASDAQ shares. We won 1 and lost 3. See ES, NQ, and ER below.
Net ticks: -15 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:
My call triggered long at A at 1375.25 and stopped immediately on news, then triggered again shortly after, hit first target for six ticks, and finally stopped the second half in the money by 8 ticks. Mark’s separate ES long entry into the Value Area triggered at B at 1377.75 and stopped for 7 ticks. Re-entry would have worked:
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.
NQ short under the LBreak never triggered (hit it exactly):
ER:
Triggered long at A at 795.50 and stopped for 8 ticks (we use more on the ER because it is wild):
