A trade that swept the trigger and stopped once, then worked a little. Unfortunately, the second half just barely stopped out before the market tanked. Could have been a huge winner. See NQ section below.
Net ticks: -4.5 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 3543.50 and stopped. Put it back in and it triggered, hit first target, and second half stopped over entry. That barely stopped or else it would have been a huge winner:
