A winner and a loser in a much more contained session, as expected on a Friday. See ES and NQ sections below. There were nice setups in ER as well that worked.
Net ticks: -4 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 1820.25 at A and stopped, didn’t re-enter, although that would have worked:
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.
Mark’s Value Area call triggered at A at 3471.50, hit first target for 6 ticks, stopped second half at entry:
