Nice setup on the ES stopped once, then triggered on news, which is never what we want to see. It was a lazy day overall, although volume hit 1.7 billion on the NASDAQ. See ES below.
Net ticks: -7 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 1536.50 after setting the R2 level, but stopped exactly to the tick for 7 ticks loss. I stated it was valid again, but it triggered in the next bar on the better than expected ISM data and faded back. When it hadn’t done anything for ten minutes, I closed it at the entry:
