USD index – MACD showing divergence and we will enter next week with bullish harami on daily and weekly graphs.
Our work is not so much to treat or to cure feelings, as to accept and celebrate them. This is a critical difference.
Fundamentalists figure things out and anticipate change. Trend followers join the trend of the moment. Fundamentalists try to solve their feelings. Trend followers join their feelings and observe them evolve and dis-solve. The feelings we accept and enjoy rarely interfere with trading. Trying to treat or cure feelings adds mass.
When a feeling dissolves, it ceases to be your enemy and begins to be one of your allies.
This post has special permission to reprint from ED SEYKOTA – for more please visit ED’s site http://www.seykota.com
Short-term trends are subject of revision on daily basis after market close. Mid-term trends are revised on weekly basis after friday close.
Trends are based on my mechanical trend following system. They are NOT trading recommendations.