Four triggered total, two on the NQ and two on the ES, both swept their entries exactly the first time and worked the second late in the session. See both sections below.
Net ticks: -2.5 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 short at A under the trigger at 1452.75 and stopped for 7 ticks, then retriggered in the afternoon at B and I closed for 4 ticks as it was getting too late in the session to have both trades on:
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 into the Value Area at A at 2729.75 and stopped for 7 ticks. Triggered short again at B, hit first target for six ticks, lowered stop and finally exited at 2725.25:
