The markets gapped up and sold off for the session on 2 billion NASDAQ shares, closing at the low of the week. We are now officially counting the Opening Range plays based on the basic system that we teach in the course for entry and exit.
Net ticks: -36.5 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 and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and didn’t work, triggered short at B and didn’t work:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered short at A at 1943.00 and stopped. I put it back in, triggered short at B, hit first target for 6 ticks and stopped second half over entry:
