One small winner that took forever and eventually would have been a big winner but took too long and stopped out the second half first. The market gapped up and never looked back, especially once it broke the UPT on the ES. Volume was 1.7 billion NASDAQ shares.
Net ticks: +2.5 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:
Well, that’s pretty much an example of what’s wrong with the market recently. The ES call triggered long at A at 1586.50, hit first target for 6 ticks at B, which took long enough, and then we adjusted the stop on the second half under the entry and it stopped after another 30 minutes, and then finally shot up like we would have wanted in the first place and hit R2:
