Couple of nice winners, one of which could have been even better on the NQ but we stopped to the tick before the next rollover. See ER and NQ sections below.
Net ticks: +19.5 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:
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 at A at 3574, hit first target for 6 ticks, stopped second half at the tip of the arrow at B, just barely, otherwise, would have been a huge winner across the Value Area:
ER:
Triggered short at A under Pivot at 1150.40, hit first target for 8 ticks, lowered stop twice and stopped at 1148.60:
