Well, another joke of a session with only 6 points of range on the ES on 1.6 billion NASDAQ shares. Several triggers on the ES and YM, but both had a stop out before they ended up working. Wasn’t much to bother with after that as we spent the rest of the session near the VWAP. The ES gap did NOT fill (by a tick, of course).
Net ticks: -12 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 at 1542.00, came within a tick of the first target but then reversed and stopped for 7 ticks (the move set the VAH). Second was the Value Area Plays, triggered short at B at 1540.50, hit first target for 6 ticks, I was late adjusting the stop (should have been over entry), so stop went over 1541.00:
YM:
Mark’s call was a nice Value Area setup after the YM bounced off of it early in the session. Triggered short (hit the entry) at A and stopped for 11 ticks. Re-triggered at B and hit first target for 10 ticks, but again, reversed right back up and stopped over the entry:
