Systematic trend follower, Thomas Stidsman, explains his trading philosophy in a recent interview with Currency Trader Magazine:
I am, and have always been, a technical trend follower. Even though I have a degree in macro economics, I don’t care why the markets do what they do—I don’t care about any fundamentals, and I don’t forecast in any way.I read daily briefs from a couple of forecasting analysts—one a fundamentalist, the other is into Elliot Wave and Fibonacci. I think it’s both funny and pathetic how they alter their opinions almost on a daily basis, mixing time frames and reasons, sometimes even without regard to what they wrote yesterday.I read them, anyway, so I can keep up my end of a market discussion, as I have noticed people almost get offended if they ask me about the markets and I give them the true answer, which would be, “I have no clue.” So in short, my philosophy is to just follow the damn trends.
Via Michael Covel
