The Buddhist Trader Feng Shuis her work space

Last week we looked at how to organise, spruce up, or Spring clean one’s office.  Now I’ve come across a piece written by an acquaintance of mine which involves doing Feng Shui on your trading desk.  She suggests: ‘Create harmony and peace in your trading environment to support your mind and body and perform with less effort, more joy, and increased motivation to be your best’.  Ha!

With many years of trading experience behind her, the LinkedIn profile goes:

Mercedes Oestermann van Essen: Mentoring for Financial Professionals & Entrepreneurs/ Transformational Guided Meditation/ HOLISTIC Feng Shui/

Like many people who think independently or differently, she comes across as a curve-ball, coming out of the left field, a surprise.  The so too are R. N. Elliott and W.D. Gann considered eccentric by some.  Recently Ms Essen wrote a piece on her website (https://www.thebuddhisttrader.com/) about why Paul Krugman – he who clings to efficient market hypothesis – was wrong.

Her reasoning kicks off with timing, where we will all probably agree that technical analysis has the upper hand and that Mr Krugman does not realise that ‘timing is a mechanism that has been invented by consciousness’.  She adds, ‘those who use Elliott Wave will be aware that cycles are an energy which can be predicted to a degree, but not with certainty because too many factors impact them’.  Similarly Ichimoku cloud theory is underpinned by time and price being inextricably linked.

We then move on to the concept of shifts in consciousness where if ‘the energetic fabric of the entire world changes, conventional assumptions and calculations…have to fail because they are not in line with the underlying laws of the universe.  They also fail to see that we are moving out of the Newtonian age…since science has discovered quantum physics [so] a very different world is unfolding’.  I agree when she says, ‘it is highly relevant to have an insight into the big picture [as otherwise] you cannot possibly know how the smaller dots connect and interrelate’.

Finally: ‘traders and investors can change their minds faster than you can liquidate your positions’.  Too true!

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The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA.

The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

None of the information on the STA’s blog constitutes investment advice.

About Nicole Elliott

Nicole Elliott

A graduate of the London School of Economics and Political Science (BSc Social Psychology) Nicole Elliott has worked in banks in the City of London for the last 30 years. Whether in sales, trading or forecasting technical analysis has always been the bedrock of her thinking. Key expertise lies within all areas of treasury: foreign exchange, money markets, fixed income and commodities.

She has also added to the body of knowledge of the industry writing the first western book on Ichimoku Cloud Charts. Strong media links and a cult following are due to her prescient calls on the markets and often entertaining format.

Nicole can be contacted at trending@sta-uk.org

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