Two winners to the firs target only and a loser for the session. Couldn’t quite stick in the trade for what looked like good upward construction. NASDAQ volume closed at 1.8 billion shares. The Fed announcement is tomorrow.
Net ticks: -1.5 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 1855.75, hit first target for 6 ticks, stopped second half under the 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 long at A at 3673.75 and stopped for 7 ticks. Put it back in and it triggered and hit first target for 6 ticks, stopped second half at entry:
