A loser and a winner on the Opening Range plays on the ES. Also had a trade trigger over lunch and again later that we will call a wash. See ES section below. The markets opened flat and finally moved up over lunch. NASDAQ volume closed at 1.5 billion shares.
Net ticks: +0 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 and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and didn’t work. Triggered long at B and worked:
NQ Opening Range Play triggered long at A but that was too far above the OR to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
I had a call in to go long over R1 at 2082.50, which was set up after the ES hit that level at A. However, it didn’t triggered until the start of lunch at B. Per the course, that would have been a small size trade due to time of day. It stopped by two ticks. You would have then put it back in and triggered at B and worked. However, I wasn’t around to update:
