Mon Apr 19 2021 Trade Signals & Journal

20210419
 
Long 5 MNQ 13985.25, 13985.25, 13985.25, 13985.25, 13985.25, +9.0, +9.0, +9.0, +9.0, +9.0, 
Long 5 MNQ 13968.5, 13968.5, 13968.5, 13968.5, 13968.5, -3.5, -3.5, -3.5, -3.5, -3.5, 
Long 5 MNQ 13953.75, 13953.75, 13953.75, 13953.75, 13953.75, -2.75, -2.75, -2.75, -2.75, -2.75, 
Long 5 MNQ 13950.75, 13950.75, 13950.75, 13950.75, 13950.75, -1.75, -1.75, -1.75, -1.75, -1.75,
Long 5 MNQ 13940.0,  13940.0, 13940.0, 13940.0, 13940.0, 13940.0, -5.25, -5.25, -5.25, -5.25, -5.25,
Long 5 MNQ 13920.75, 13920.75, 13920.75, 13920.75, 13920.75, -3.75, -3.75, -3.75, -3.75, -3.75,
Long 5 MNQ 13915.0, 13915.0, 13915.0, 13915.0, 13915.0, -2.0, -2.0, -2.0, -2.0, -2.0, 
Short 5 MNQ 13936.0,  13936.0,  13936.0,  13936.0,  13936.0, -5.5, -5.5, -5.5, -5.5, -5.5, 
Short 10 MNQ 13940.5, 13940.5, 13940.5, 13940.5, 13940.5, 13940.5, 13940.5, 13940.5, 13940.5, 13940.5,  -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, 
Short 10 MNQ 13940.25,  13940.25, 13940.25, 13940.25, 13940.25, 13940.5, 13940.5, 13940.5, 13940.5, 13940.5,+13.0, +13.0, +13.0, +13.0, +13.0,+23.5, +23.5, +23.5, +23.5, +23.5, 
 
Total MNQ +90.0
 
The public looks to the news for the rationale behind market movements.   And indeed, it is surely a supply of energy to market structure.   But what if there is no news to account for the sudden appearance of a burst of energy?   The market needs no rationale, and indeed, the absence of news to market movement supports the premise that the market has an internal structure, and news simply helps flesh it out in its inevitable course towards structural fulfillment.    
 
Market wisdom in aphorism can be found the chapter headings of Pivots, Patterns and Intraday Swing Trades, attributed to my lovable mentor, Randolph Newman, and the wisdom of the ages as applied to the outrageous fortunes of trading can be found in the chapter headings of the companion book, True Self, as attributed to the great seer, Heraclitus.   ...both books available in inexpensive Kindle Editions on line at Amazon.com. 
 
...and a good trading week remaining to all....