Another day of mixed results and false starts before the real move, all of it on light volume. See NQ and ES sections below.
Net ticks: -2.5 ticks.
First, let’s look at the ES and NQ with our market directional lines, Seeker, and VWAP:
ES:
Triggered short at A and 1317.75 and stopped for 7 ticks. Triggered long at B at 1321.50 and stopped for 7 ticks. Triggered long again at C at same price, hit first target for 6 ticks, and moved stop up twice to 1324.50 for 12 ticks:
NQ:
We measure NQ ticks in 1/2 point increments, not 1/4 point. Triggered long at A at 2559.50, hit first target for 6 ticks, stopped under entry: