The STA has been holding monthly lectures and meetings in the City of London since 1968.
As a service to members we video most of the meeting presentations and these are available for members to view free of charge.
to view presentations and videos.
STA Monthly Meeting November 2014
Thursday 6th November 2014 at 6PM
Factor Models in Practice.
Factor models are well-known among long-term investors who favour stock selection models. But there are some exotic factors from which shorter term traders can also benefit. This presentation will discuss the various factor modelling techniques and the more exotic factors that researchers have recently discovered.
Dr Ernie Chan, Managing Member, QTS Capital Management
Ernie is the Managing Member of QTS Capital Management, LLC., a commodity pool operator and trading advisor. He is the author of “Quantitative Trading: How to Build Your Own Algorithmic Trading Business” and “Algorithmic Trading: Winning Strategies and Their Rationale”, both published by Wiley. He maintains a popular blog “Quantitative Trading” at epchan.blogspot.com.
STA Monthly Meeting October 2014
Tuesday 14th October 2014 at 6PM
Charts & the Efficient Market Theory
When the Efficient Market Theory (EMT) emerged in the 1970s it horrified the fundamental fund managers, and disturbed the chartists. But the chartists should have been much more positive in their immediate reaction, since they had been saying since the nineteenth century that all the views of investors were in the share price – just what, at first glance, the EMT people were now claiming – with scientific back-up. But there was a difference. The proponents of the EMT held that the result was PERFECT pricing – 100% efficiency, for shares in large informed markets. The chartists claimed rather that the markets also reflected the emotions and foolishness of investors which could from time to time over-ride reality. David will discuss the middle ground in the EMT debate and why charting is important in the investment process.
David Damant was for many years at Investment Research in Cambridge, which was founded in 1945 by Alec Ellinger, one of the pioneers of technical analysis in Europe.
STA Monthly Meeting September 2014
Tuesday 9th September 2014 at 6PM
The Power of Trading Long-Term Trends
Zaheer’s talk will focus on long-term trading, bringing an understanding of The Turtle Trading system and how it can be still applied today. He will focus on such issues as how to use only the weekly and daily charts to identify trends, managing risk, how to identify target levels once in a trade and compounding to accelerate returns.
Zaheer Anwari, The Dynamic Trader
Zaheer is a full time trend trader and a member of The Dynamic Trader community since 2007. He specialises in FX, stocks and commodities. Zaheer is regularly invited to guest speak on his much sought-after but little understood approach to trading and also contributes to FX Street and FX Trader Magazine. He first presented at the STA back in 2014.
STA Diploma Presentation and Summer Party July 2014
Thursday 10th July 2014 at 6PM
STA Summer Party and Diploma Presentation – July 2014
Diploma certificates were presented to newly qualified MSTA by STA chairman Axel Rudolph at a very well attended Summer Party held at Bloombergs offices in London. We are most grateful to Bloomberg for their generous hospitality and the very well received trading game that followed.
Four candidates gained a distinction: Craig Erlam, Joshua Mahony, Marcin Narloch and Arjan Shah.
Congratulations to them, and to all our new MSTAs.
STA Monthly Meeting June 2014
Tuesday 10th June 2014 at 6PM
Applying technical analysis in a quant world
In his talk Ghassan will focus on the fact that most hedge funds are run by “Quants” with the largest bets placed using options. The fact that market neutral strategies remain the most predominant strategies in hedge funds highlights the strong belief of “Random Walk”. Using Technical Analysis it is possible to highlight pricing anomalies especially in low delta options. Delta trading and dynamic hedging is most suited to technical analysts, yet very little is done by them. Moving price pattern recognition to a quantitative system may be the first step in the right direction, as it allows the “Quant” to relate better and understand more the technical analyst’s point of view.” In Ghassan’s opinion something needs to change dramatically in the TA approach to allow non-TA (Quants) to understand what technical analysts do.
Ghassan bu Chedid MSTA, Director, Cap Trend UK
Ghassan worked as Head of CFD Cash desk at Moore Clayton stock brokers before moving to a boutique hedge fund, Sam Capital Partners, specializing in European equities as a Senior Technical Analyst assisting portfolio managers in choosing Long/Short portfolios as well as intra-day trading Dax futures. Most recently, Ghassan worked as Technical Analyst and Portfolio Manager at BlueCrest Capital where he developed a focus on options and the critical use of TA in options trading.
STA Monthly Meeting May 2014
Tuesday 13th May 2014 at 6PM
Taking an “Isolation approach” to Elliott Wave
In the talk Steve Griffiths will outline his unique “Isolation Approach” to Elliott wave analysis and will show how this resolves the problems and shortfalls of more traditional forms of Elliott wave analysis. Combined with Risk Control and Position Sizing this strategy can be applied to any liquid market, including Stocks, Forex and Futures. Steve will also touch on his favourite trade that he has nicknamed the “Holy Grail” because it allows the trader to take advantage of the strongest and longest of all the Elliott Wave swings, the Wave (3).
Steve Griffiths, Software Developer, MTPredictor
Steve Griffiths has been involved in the markets since 1987 as a Private Trader as well as a Software Developer. In 2001 he launched his MTPredictor software program that utilizes his unique “Isolation approach” to Elliott wave analysis. Thirteen years on and MTPredictor is now used by thousands of Traders and Fund Managers worldwide.
STA Monthly Meeting April 2014
Tuesday 8th April 2014 at 6PM
Measures of Volatility
Oliver will be discussing the properties of different measures of volatility and how these can be exploited and modified to produce innovative technical indicators and combined to form powerful strategies. One example that he will demonstrate is his own Volstall indicator, designed to anticipate reversals by identifying trend deceleration.
Oliver Woolf MSTA, TA Specialist, Bloomberg
Oliver Woolf, CAIA, MSTA is a Technical Analysis Specialist at Bloomberg, working closely with the product development team and with a particular passion for building new and innovative indicators. He writes for various Bloomberg publications such as the Quarterly Technical Analysis BRIEF and has lectured at several universities and appeared on Bloomberg TV in Europe. With a degree in modern languages he previously worked in Bloomberg’s FX business in Iberia.
STA Monthly Meeting March 2014
Tuesday 4th March 2014 at 6PM
Technical Analysis in a “Macro” World
Technicians have a long-held advantage of being able to look beyond just one asset class with more ease than fundamental analysts do. Indeed, over the past several years, it has been essential that analysts are able to have a view on not just their own area of responsibility but on the core drivers from a range of different markets, all of which can sometimes have a direct impact on seemingly unrelated trades and recommendations. David highlights how Credit Suisse Research pulls all the different asset markets together, the approach and methodology it uses, as well as its current views.
David Sneddon MSTA, Managing Director, Credit Suisse
David Sneddon is a managing director of Credit Suisse in the Investment Banking division, based in London. He is global head of Technical Analysis and is responsible for overseeing the entire technical analysis product, covering the Fixed Income, FX, Equity and Commodity markets, as well as the provision of technical analysis education within Credit Suisse and for clients globally.
STA Monthly Meeting January 2014
Tuesday 14th January 2014 at 6pm
Panel Debate: My favorite charts for 2014
Stéphanie Aymès, Societe Generale CIB
Stéphanie is Senior Technical Analyst, joining SG CIB in 2006 where she first developed the Commodity technical analysis before developing and coordinating the cross-asset technical analysis with a special focus on Forex and Rates. Stéphanie has 15 years experience in technical analysis on various financial markets and from 2000 to 2005 she lectured technical analysis at Paris IX Dauphine University to BSc students.
Tim McCullough, Lloyds Bank
Tim manages technical strategy for fixed income and foreign exchange at Lloyds Bank in London. He has over 25 years’ experience of trading, sales and strategy and has been a member of the STA for the last 10 years. Tim applies a blend of trend-following with contrarian indicators, principally Ichimoku and DeMark, across all asset classes and timeframes. In addition to a passion for classical languages, he has also been spotted more recently in the gym.
Phil Roberts, 1618 Technical Trading
Phil has worked as a Technical Strategist on the dealing floor of four major investment banks during a 28 year career in the City. The rigour of trading greatly influenced his philosophy towards Technical Analysis and his focus on the dynamics of supply and demand in particular. Foreign Exchange is his primary trading interest although he generally monitors markets across asset class.
Murray Gunn, Head of Research, Elliott Wave International
Murray Gunn MSTA is Head of Research for Elliott Wave International’s Global Market Perspective, a monthly summary of the firm’s 25 analysts’ views on every major freely traded market in the world. (You can follow his Elliott Wave analysis at www.elliottwave.com)
STA Monthly Meeting & Christmas Party December 2013
Tuesday 10th December 2013 at 6pm
The effect of sentiment on stock prices
Thierry believes that the long term trend in the stock market is driven by fundamentals but in the short term, the stock market is driven by sentiment. He will demonstrate how sentiment can be used to forecast the short term direction of the stock market. It is not clear why sentiment changes but one early clue can be found in the behaviour of investors. Sentiment will often change when prices no longer respond to the news. For example when the market fails to rally on good news or when it fails to decline on bad news. His e-Yield Sentiment Indicator (ESI) measures this.
Thierry Laduguie, e-Yield
Thierry Laduguie’s unique style of analysis is based on Elliott Wave and sentiment analysis. He has developed his own sentiment indicator (ESI) which is used to forecast the short term direction of the FTSE 100 and S&P 500. Thierry is a member of the Society of Technical Analysts and holds the Investment Management Certificate.
STA AGM & Monthly Meeting November 2013
Tuesday 12th November 2013 at 6pm
Major Bull Market or Massive Headfake? An Elliott Wave Overview for 2013-2016
The 2008-09 economic debacle left fundamental analysts struggling to find answers. At the same time, technical analysis flourished, as uncertain investors began to question the status quo. Fast forward five years, and the market’s recovery has emboldened the fundamentalists once again, who are back to using the same flawed logic that previously destroyed centuries-old enterprises. But that complacency is nearing an end. Employing the Elliott wave model of financial price movement and socionomic principles, analyst Brian Whitmer will clarify the market’s current juncture, identifying the key opportunities and major pitfalls facing investors over the coming year.
Brian Whitmer, Elliott Wave International
Brian Whitmer is editor of The European Financial Forecast and contributes the European stock section of Global Market Perspective. Brian joined Elliott Wave International in 2009 after receiving his MBA from Georgia Southern University. He received a degree in civil engineering from the University of Maryland and has served as a designer, planner,vand project manager for $100-million-plus civil andvresidential developments.
STA Monthly Meeting October 2013
Tuesday 8th October 2013 at 6pm
Dynamic Delta Hedging and its Affect on Markets
Richard’s talk will give an introduction to hedge ratio analysis for index options and futures with charts detailing the subsequent dynamic delta hedging and how it affects the leading benchmark indices.
Richard Jones, Hedge Ratio Analysis
Richard started his career in the City in 1983 gaining a lot of knowledge and experience through very turbulent and evolutionary economic times. In the early days he was one of the main participants in the traditional option market, and the then nascent traded option market going on to become one of the principal LIFFE traders in index options. In 2002 Richard left the City and founded a technical and trading system development company and has since gone on to hold several other directorships.
STA Monthly Meeting September 2013
Tuesday 10th September 2013 at 6pm
Quantifying Market Structure and Modelling Persistency of Trend
Linda’s talk will explain the way she quantifies market structure and how she then uses this in her trading models. One of her favourite projects in the past 6 years was modelling instances where there was ‘persistency of trend’ or what she calls, “extended runs”. The frequency of occurrence of these trends and the consistency of the statistics behind them is surprising. Linda will review some of the more common technical conditions or patterns that lead to “extended runs”, and explain the difference in her experience, between modelling price behaviour and actually trading.
Linda Bradford Raschke, President, LBRGroup Inc
Linda Bradford Raschke has been a full time professional trader since 1981, when she began her career as a market maker on the exchange floor. She is President of LBRGroup Inc, a registered CTA since 1991, and President of LBR Asset Management. She has been the principle trader for the Granat Fund LLC since 2004, and her hedge fund was ranked 17th out of 4,5000 by BarclaysHedge for the best five year performance.
STA Monthly Meeting & Summer Party July 2013
Tuesday 9th July 2013 at 6pm
Fractal triangulation and the real world modelling of financial time series
This exciting and fresh presentation will explore the true nature of financial markets and how they evolve through a stochastic, fractal process of expansion and contraction. Supported by a variety of macro to micro charts from decade long to intraday futures data.
Simon Maelzer MSTA CFTe
Simon Maelzer is a Global Macro strategist specialising in fractal time series analysis and stochastic modelling. With a strong background in geo-science, economics and technical analysis (MSTA & CFTe), he has been working in financial market research for over ten years consulting and advising clients on macro opportunities and associated risk. He is based in South West of France from where he runs www.MacroVIGILANCE.com.
STA Monthly Meeting June 2013
Tuesday 11th June 2013 at 6pm
New Ideas in Technical Analysis
In over 30 years of practicing technical analysis a great deal has changed. The talk will challenge some of the conventional thinking and bring old and new ideas together. It will look at some of the challenges that traders and analysts face with a final look at what is happening in global financial markets.
David Linton MSTA, MFTA, Founder and CEO, Updata
David is founder and CEO of Updata, which he founded in 1991. Updata now has technical analysis clients in over 60 countries with offices in London and New York. David is a member of the American Association of Professional Technical Analysts and holds the Master Financial Technical Analyst qualification awarded by the International Federation of Technical Analysts. He is a well known market commentator in the press and on finance TV. He is the author of Cloud Charts: Trading success with the Ichimoku technique.
STA Monthly Meeting May 2013
Tuesday 14th May 2013 at 6pm
A New Way of Looking at Market Profile
Mathew and Market Analyst are now on the cutting edge, providing tools and techniques never seen before in the financial industry. New innovations in 3D models and multi-touch interaction will ensure that Market Analyst will be a driving force in shaping Technical Analysis in the future.
Throughout the whole of Mathew’s career, he has spent a considerable amount of time looking at traditional Technical Analysis techniques in a different way. In this presentation he will cover the mechanics behind how he has taken the tried and true Market Profile and turned it into a momentum based indicator. The rationale behind the development of this technique could be applied to many other techniques in the future.
Mathew Verdouw, Founder and Global CEO, Market Analyst International
Mathew Verdouw is the Founder and Global CEO of Market Analyst International, a group of companies dedicated to developing Technical Analysis software for traders of financial markets. With an honours degree in Computer Systems Engineering from RMIT in Australia, Mathew has taken the company, and the Market Analyst program, from a spare-room start-up in 1996 to a world-wide solution used by traders from large institutions to private traders.
STA Monthly Meeting April 2013
Tuesday 9th April 2013 at 6pm
William Gann’s Law of Vibration
Tony Plummer will address the subject matter of his new book – The Law of Vibration: The Revelation of William D Gann.
The book has been more than 20 years in the making, and it reveals the extraordinary pattern of oscillation that Mr Gann hid in “The Tunnel Thru The Air”. The pattern has a long – and secret – history, and is central to a general ‘law’ of vibration that may well permeate the universe. This law directs the processes of change in collective human behaviour and can be used to anticipate movements in financial markets, to forecast trends in economic activity, and to judge the validity (or otherwise) of economic policy initiatives. The pattern associated with the law of vibration is objective, verifiable, and accurate. It validates the assumptions that underlie technical analysis and it is likely to find applications in a whole range of scientific disciplines.
Tony Plummer FSTA, Helmsman Economics Ltd
Tony has worked in financial markets for more than 40 years, and currently researches group behaviour in financial markets and economic activity. He is also on the investment advisory committee of the Osiris Property Fund, and is a trustee of two pension funds.
STA Monthly Meeting March 2013
Tuesday 12th March 2013 at 6pm
Behavioural Finance and Technical Analysis: A Synergy
The presentation will focus on the behavioural aspects of trading and markets, looking at the emergence of Behavioural Finance and also Neuroeconomics. It will also look at how and why they are relevant for Technical analysis, and how they can add a new perspective and deeper understanding to a technical analyst’s work.
Steven Goldstein, Risk Performance Consultant, Alpha R Cubed Ltd
Steven Goldstein is a Performance Coach and Consultant working with traders and participants in the financial markets. He is the founder of BGT Edge Ltd and coaches traders and managers at a growing number of investment banks and hedge funds in the UK and Europe. In addition to that Steven provides technical analysis on a number of currency pairs for 3CAnalysis.
STA Monthly Meeting February 2013
Friday 1st February 2013 at 6pm
Market Timing using Candle Pattern
Ron William, Founder & Principal Market Strategist, RW Advisory
Ron William is Founder & Principal Market Strategist at RW Market Advisory (RWA). The institutional advisory is based on a macro, semi discretionary technical approach which is primarily driven by cycles and timing models. RWA currently services the global FX trading desk of a tier-one financial institution.
STA Monthly Meeting January 2013
Tuesday 1st January 2013 at 6pm
My Favourite Charts for 2013
Sunil Goel, Continuous Change Charts
Sunil runs a niche research and brokerage firm, Continuous Change Charts, servicing a few selected institutions providing technical advisory services. He brings over 12 years’ experience in analysing, researching, developing and applying simple but effective equity trading strategies. His technical […]
Peter Goodburn MSTA, Founding Partner, WaveTrack International
Peter is the founding partner of WaveTrack International and has published Elliott Wave analysis for all of the four asset classes for over 20 years. He is the author of the monthly institutional EW-Navigator and the biweekly shorter-term EW-Compass reports.
Steve Lucas MSTA, Founder, 3cAnalysis
Steve spent twenty years as a trader in the foreign exchange, fixed income and equity markets for Commonwealth Bank of Australia. As a prop trader and running the bank’s capital, Steve used technical and statistical analysis extensively, and he brings a trader’s perspective to his analytical work. Since 2007, he has provided live technical analysis research to professional traders, most recently founding 3cAnalysis.com.
STA Monthly Meeting & Christmas Party December 2012
Tuesday 11th December 2012
Strategic and Tactical Allocation to Gold
Charlie will discuss his thoughts on the strategic and tactical allocation to gold. There are six strategies, of which five could be described as technical. He will give an applied example (in this case gold) how a flexible model can be constructed using a range of different parameters. The aim is to identify a bull market with longer term models and then position size using tactical models. The final result is an efficient portfolio with a strong attention to risk and reward without over trading. Not one model analyses the gold price in dollars.
Charles Morris, Head of Absolute Return Team, HSBC Investment Management
Charlie Morris is the head of the Absolute Return Team at HSBC Global Asset Management which he co-founded in 2002. He manages a multi-asset portfolio that has since grown to US$2.5bn of assets under management.
STA Monthly Meeting November 2012
Tuesday 13th November 2012
Cross market dynamics for YE and 2013
Shyam will present an examination of the macro markets and the methodology he uses.
Shyam Devani, Senior Technical Strategist, Citigroup Global Markets
Shyam Devani is a Senior Technical Strategist in London for CitiFX Technicals, a multi asset product that aims to provide a coherent view on major global markets. Shyam has worked at Citi since November 2006 and has covered clients globally since. He has been analysing markets as a chartist and cross market strategist since 2004.
STA Monthly Meeting October 2012
Tuesday 9th October 2012
The 3 Ps of trend following
Riccardo follows large- and mid-cap European and U.S. equities, paying attention to domestic and foreign equity indices, currencies, commodities, and interest rates. As a medium-term trend follower, his approach is strongly quantitative in nature; particular attention, however, is devoted to identifying reversal patterns characterized by excessive consensus among investors.
Riccardo will summarise all his knowledge and experience about trend following as an investment and trading technique.
Riccardo Ronco, Head of Technical Analysis, Aviate Global
Riccardo follows large- and mid-cap European and US equities, paying attention to domestic and foreign equity indices, currencies, commodities and interest rates. As a medium-term trend follower, his approach is strongly quantitative in nature; particular attention, however, is devoted to identifying reversal patterns characterized by excessive consensus among investors.
STA Monthly Meeting September 2012
Tuesday 18th September 2012
Translating Gann into a practical trading method
A presentation by Fred Stafford of his 40 year progress in pinpointing exact pre-determined tops and bottoms for all investment vehicles.
Fred will analyse elements of Gann to illustrate his system. He will refer to recorded past analysis predicting precisely the price and time of major turning points for a selection of equities, currencies, commodities etc. At the end of the talk he will leave members with a number of charts indicating future tops and bottoms for their consideration. The future need not necessarily emerge out of the fog but often be planned for with some certainty.
Fred Stafford, Gann Management
Fred Stafford is one of the world’s leading exponents of the works of William D Gann and has enjoyed an uninterrupted career in the Financial Services industry for almost 50 years. During this time he has accumulated an impressive expertise as a teacher and practitioner of the techniques of one of the great traders of the 20th century.
STA Monthly Meeting & Summer Party July 2012
Tuesday 10th July 2012
Investing in the second lost decade
Martin will talk about his latest book, co-authored with partners Joe Turner and Tom Kopas, Investing in the Second Lost Decade. He will show how he uses technical analysis to navigate secular and cyclical trends in stocks, bonds and commodities.
On March 24 2000 the S&P Composite began a secular bear market and by June 1 2012 had lost 17% from that peak. When adjusted for inflation the drop exceeded 30%. In this presentation Martin Pring will explain why he thinks the secular bear market in equities has further to run and why the buy hold approach will continue to be a failed strategy. In doing so he will outline the root causes of secular bears and the conditions that will signal the next secular bull. Long-term trends in commodities and interest rates are germane to this analysis and will also be covered. Finally, he will introduce the Dow Jones Pring Business Cycle Index (DJPRING), a new rules based index that capitalizes on these concepts.
Martin Pring, Chairman, Pring Turner Capital Group
Martin J Pring entered the financial markets in 1969 and has grown to become a leader in the global investment community. He founded Pring Research in 1981 and began providing research for financial institutions and individual investors around the world. Since 1984, he has published the “Intermarket Review”, a monthly market letter offering a longterm synopsis of the world’s major financial markets.