STA Blog

STA Blog

Welcome to the STA’s educational blog which is written by the Nicole Elliott who has worked in banks in the City of London for the last 30 years. For the first time ever we are introducing a blog to our website, a regular feature that is intended to be a forum for new ideas, reviews, and trends in the thinking behind behavioural finance and technical analysis.

Designed to be educational, and hopefully entertaining, we would like to canvass opinion for content that members would feel is useful, enjoyable, and hopefully both! Unlike other blogs, it will not be a trading tip-sheet type of thing – there are probably way too many of those already – but something more along the lines of informed opinion and discussion. Themes are myriad and as well as techniques, tactics, software and publications, we aim to include discussions of the industry in general, employment conditions, and help in Diploma exam preparation.

The Gartley Pattern: ‘Harmonic Trading’

I always enjoy going to the STA’s monthly meetings.  Sometimes the speakers are entertaining and amusing, more often than not they make me sit up and listen. Occasionally I learn to see things in a different way, and even if […]

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Posted in Finance, Markets, STA charts, STA education, STA news, Technical Analysis, Trading, Trending
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For traders, its all in the mind: Says Paul McLaren

Australia’s Paul McLaren literally flew in and flew out to give his talk at the STA’s May monthly meeting.  I know this because his Facebook entry says he’s been on 19 different flights to 13 countries recently.  He also took […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Trading, Trending
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Jesse Livermore Boy Plunger by Tom Rubython

Subtitled ‘The Man Who Sold America Short in 1929’, and with a foreword by famous American trader Paul Tudor Jones, this is a book I can recommend.  I thought it would be a good read because its author, who spoke […]

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STA Poker Night

The STA poker night is usually the stuff of legends, Tom Hicks MSTA, board member and organiser had much to live up to after the last event near Cannon Street. The stage on this occasion was Devonshire Square in the […]

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Posted in STA news, Technical Analysis
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Payback time for QE looms: And it will be pricey

So wrote Merryn Somerset Webb in her Investing column in the FT Money section of the latest Weekend Financial Times.  I attach the chart she used for the article, and am tempted to change the title of my piece to: […]

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Posted in Finance, Markets, STA charts, STA education, STA news, Technical Analysis, Trading, Trending
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Technical Analysis goes full throttle Mood and the quest for speed

A couple of weeks ago we wrote about the book edited by Robert Prechter, Socionomic Studies of Society and Culture.  We return to it this week because Chapter 34 was reprinted with permission from Murray Gunn, an article he had […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Eddie’s pitch for the STA: Not one, but two pitchforks

His talk was entitled ‘Avoiding the Spikes’ (though originally he had thought of something with innuendo), and reminded us that an article on pitchforks was in the latest Market Technician magazine.  Eddie Tofpik is a familiar face with many media […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Trading, Trending
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Socionomic Studies of Society and Culture: Edited by Robert R Prechter

Robert Prechter is a perennial favourite among technical analysts, having revived the work of R. N. Elliott and lectured on the subject all over the world.  More recently he has been concentrating on the Socionomics Institute, a research centre dedicated […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Trading, Trending
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Trending FAANGS Markets, fashion and technical analysis tools

Continuing on from last week’s blog where we looked at the resurgence in the popularity of the Andrews pitchfork, this week’s focus is linked to how fickle is fashion, how suddenly things can change, and when to spot a turn […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Pitching a pitchfork All the vogue this spring

No, the STA isn’t a slavish follower of trends, let alone fashion.  Catwalks, including the IPO and takeover kind, have their place, as do more conventional designer ones – even the Sylvanian Families toy one in Hamleys this Easter.  Yes, […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Towering figures in finance: Take a tumble

Isn’t life funny?  Last week I wrote about Charles Mackay – he of the Extraordinary Popular Delusions and the Madness of Crowds 1841 book – who said, ‘those who sound the alarm over an approaching railway crisis have somewhat exaggerated […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Tim Harford: The undercover economist

Writing for the Financial Times stable as I do, you might assume I’m biased.  More realistically, as a technical analyst you’re probably going to ask, why on earth have I chosen to focus on this chap, this week?   Because he’s […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Peak – AOD Fall Intervals as an indicator of US Stock Market Corrections

In our Spring 2017 Market Technician journal, David McMinn did an article predicting we were due a sell-off in the stock market in December 2017. The actual event arrived later than expected in early February 2018 with two one day […]

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Posted in General

Simply Measured Measures social media

As a financial journalist I get access to all sorts of email – solicited and sack-loads of unsolicited, research papers, books to review, reader comments and so on.  At the STA I am their e-journalist, writing this blog on www.sta-uk.org […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Fib’s fab: Three cheers for Fibonacci!

Most technical analysts will probably agree that Fibonacci retracements are one of our favourite tools.  After drawing trend lines – which might be likened to the kids’ game of joining the dots – and moving averages (simple or otherwise), these […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Dan tips up on pancake day: STA monthly meeting 13th Feb 2018

Industry veteran Daniel Gramza’s address at our new address, the Walkie Talkie building at 20 Fenchurch Street, London EC2M 7QH, was eagerly anticipated.  He reminded us that once before he had travelled to Britain from his native Chicago to address […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Suns, stars and all things lunar: Looking up into the sky

Wednesday January 31st saw a rare super blood moon – turning a fabulous red colour in some parts of the world as the earth passes directly in front of it.  The moon also appeared to be bigger and brighter than […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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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 […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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New Year, clean sweep: Or plan for a Spring clean

As a journalist, I am bombarded with unsolicited mail; the various email inboxes I have are a complete disaster with anything up to 10,000 missives requiring attention.  Much as I’d like to, deleting the lot is not an option.  Sometimes […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Mainstream and technical analysis Writing for the layman

This @STA_ORG blogger wears several hats, all of which have the #technicalanalysis moniker.  I write for a tip top professional audience, Society of Technical Analyst members and some of their friends, in a weekly where I scour for articles, trends, […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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January’s review and outlook: STA Board get grilled

For some years now the STA’s January meeting takes the format of a panel of experts outlining their views for different markets over the coming year.  This week it was a team with a twist, thought up by Head of […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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One hundred most interesting charts of 2017: According to Goldman Sachs

Straight from the vampire squid’s mouth, I kid you not.  For a firm that traditionally has eschewed technical analysis, this piece is quite an eye opener, both in terms of the quantity and range of charts used and the interesting […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Taking a long-term view: with help from a picture

As technical analysts we well know that a picture is worth goodness only knows how many words.  Charts are just one type of picture though; we have photos, video, fine art and cartoons – a list that to which I’m […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Fun and games after the AGM: Food and drinks for sustenance

Yesterday, Tuesday the 12th December 2017, the STA held its 31st annual general meeting.  Some members of the board were lined up in a row at the front of the conference room, desks their only defence against members facing them, […]

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Europe viewed from across the pond: Video from European Financial Forecast

An arm of Elliott Wave International, this video of the editor of European Financial Forecast looks at EU stock indices noticing the 10-year gaps between their highs.  This reminded me of the 10-year gap between the Nikkei 225’s peak in […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Trading
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Market fragility: Are equity markets due a reaction?

This week a familiar face at STA monthly meetings, Ron William, sent me a piece he had co-authored with Robin Griffiths FSTA.  I’m sure they’ll be at our Christmas party on Tuesday 12th December so, if you have any questions […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Filtering out noise: To see the wood for the trees

Free newspaper City AM is my morning tube-ride read of choice.  Topical, relevant, and mercifully concise I can usually get through it by my destination.  On the 31st October, they ran an interesting article called: ‘Why cutting through noise is […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Are you MiFID fit? Second time round, yes (hopefully)

New rules as to how investment research is distributed and gets paid for come into force on the 3rd of January 2018.  They’re called MiFID II because this is the second version of the Markets in Financial Instruments Directive.  Dreamt […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Trading, Trending
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Taking the long view: At the Bank of England

The Old Lady of Threadneedle Street, as Britain’s Central Bank is fondly known, was founded in 1694 but only moved to its current premises in 1734.  Public subscription had raised £1.2 million and it was open for business as the […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Thinking Man’s Trader Report

Context is the critical element in your search for opportunities, not a price and direction forecast. Enthusiasm, what Greenspan called back in the 90’s “irrational exuberance” is the hallmark to a late stage of a Great Bull market, like it […]

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Posted in Finance, General, Markets, STA news, Technical Analysis, Trading, Trending
Disclaimer

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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