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.

Price matters, but Process more so: A lecture by Andy Dodd MSTA of Louis Capital Markets

Introducing himself as an Essex boy who speaks very fast – which he does – and someone not used to giving professional lectures, he’s so engaging the talk went swimming along nicely. He started with a slide his compliance department […]

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Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
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Charting the Markets with IG TV: Special show on the Andrews pitchfork

Recorded and broadcast live on Friday the 8th November, just ahead of Remembrance Sunday 2019, STA Committee member Eddie Tofpik appropriately decided to do a special educational show on the Andrews pitchfork. Church on Sunday reminded me that Isaiah 2:4 […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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‘The Man who Solved the Market: How Jim Simons Launched the Quant Revolution’: A book review by Robin Wrigglesworth

On reading the Weekend FT last Saturday, I stumbled on a piece entitled ‘Algorithm for our times’ about a man I’d never heard of. It’s the American in the photo, taken in 2011, who looks like a grizzled and possibly […]

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Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
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Momentum, Echo and Predictability: Evidence from the London Stock Exchange (1820-1930): Eye catching, as one doesn’t often see stock charts this old

One of the ‘advantages’ of being a journalist is the vast amounts of unsolicited email I receive. The other is that I spend a lot of time on social media and websites looking for information, finding what’s new, and what […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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‘Market action discounts everything’ says Technical Analysis: But sometimes price charts lie

Before reading on, take a close and careful look at the chart that goes with this piece. I’ve deliberately not told you what the financial instrument is, nor what it’s priced in, or where it’s traded. It looks, for all […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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‘Taking the Floor: Models, Morals and Management in a Wall Street Trading Room’ Presentation by Daniel Beunza (Cass Business School, SRC, LSE), 11/Oct/2019

Coinciding with his book launch – of the same title and published by Princeton University Press – I was invited, as a journalist for the Financial Times in London, to a presentation on the subject by the public relations firm […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Charting the Markets with IG TV: Lee Sandford MSTA speaks to host Jeremy Naylor

I must say, I don’t envy men these days; sartorial decisions are so very nuanced. IG TV host Jeremy Naylor this week invited Member of the Society of Technical Analysts’ Lee Sandford of tradingcollege.co.uk onto their regular slot, looking at […]

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Posted in Markets, Technical Analysis, Technical Analysis Courses, Trading
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‘Logical Price Action: Utilising Wyckoffian Principles in Modern Times’: Lecture by William Reardon 8 October 2019 18:30 BST

Invited by STA Executive Committee member David Watts to give this talk (who’d heard about him through the www.trade2win.com forum for active traders), I introduced myself and apologised for knowing nothing about his subject. Unfazed, William told me he was […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Pitchforks at the ready! Just in case Brexit really gets going

I’m not talking French Revolution or anything like that – at least I hope not – but to tie in with this week’s IG TV interview with Eddie Tofpik MSTA, Senior Markets Analysts at ADMISI, where he makes extensive use […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Charting the Markets on IG TV: Victoria Scholar interviews Eddie Tofpik MSTA

Recorded yesterday, October 2nd 2019, and sent over to me today, I cannot believe Eddie described the chart of the Australian dollar versus the US as ‘’a very pretty chart’’ and that cable’s rally was a ‘’fly in the ointment’’. […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Dow and the Decennial Cycle: Article by David McMinn in Market Technician magazine

Like it or not, we are closing in on the end of September and the third quarter of 2019. Some are scurrying around the Federal Reserve Bank of New York desperate for cash to tidy up their books coinciding with […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending
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Charting the Markets with IG TV: Nicole Elliot hits the airwaves as Brexit turmoil bits

IG TV host Jeremy Naylor this week invited Fellow of the Society of Technical Analysts, Nicole Elliott, onto IG’s regular slot looking at the week’s markets from a chartist’s perspective. Both agree that Brexit is dominating the headlines, Britain’s Supreme […]

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Posted in Finance, General, Markets, STA charts, STA education, STA news, Technical Analysis, Technical Analysis Courses
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Grand Gala Dinner goes with a bang: A quick re-cap for those who couldn’t make it

For some time now, every year in early September the STA books the National Liberal Club for a formal sit-down 3-course dinner – because Liberal Party members are away for their annual conference – and we have the club pretty […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis Courses, Trading, Trending

The Role of Subjectivity in Technical Analysis: Read about last week’s STA talk with Tim Parker MSTA

Tim Parker MSTA is a veteran in the field of technical analysis and this was evident in his talk. Tim started the session by asking who in the room was optimistic about the state of the financial markets. Around 30% […]

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Posted in Finance, General, Markets, STA charts, STA education, Technical Analysis, Technical Analysis Courses

Charting the Markets with IG TV: Client Adrian Rye on Elliott Wave Theory

IG TV host Jeremy Naylor this week invited in one of their clients, Adrian Rye, an independent technical analyst. Trained as a commercial financial analyst, he comes across well: honest, believable and clear. Better and better: his charts are superb. […]

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Posted in Finance, General, Markets, STA charts, STA education, Technical Analysis, Technical Analysis Courses

Tim Parker MSTA – the Subjective Technical Analyst: If you missed the talk, read the article

Such a pity I couldn’t make it to the STA’s September 2019 monthly meeting at One Moorgate Place; events beyond my control. A member of our society for many years, Tim Parker is a top-flight technical analyst with a very […]

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Posted in Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending

Charting the Markets with IG TV: Patricia Elbaz goes to school

I think that Patricia Elbaz MSTA just might be IG TV host Jeremy Naylor’s teacher’s pet. In his own words: ‘’through an interesting summer…and a difficult time ahead, it’s back to school’’ – especially for Patricia who lectures at several […]

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Posted in Finance, Markets, Technical Analysis Training, Trading, Trending

Speed Resistance Lines: A new one on me, and a variation on a theme

One of the problems of having my email address plastered all over the place, is that I get a lot of unsolicited mail. There is an upside though, as sometimes I get very nice letters from people I don’t know. […]

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Posted in Finance, STA charts, STA education, STA news, Technical Analysis Courses, Trading, Trending

Charting the Markets with IG TV: Zak Mir after Boris Johnson prorogues Parliament

Just the man for the moment. Rather than throw his hands up and shout things like ‘unprecedented, uncharted and unfair’ as so many in the media do when confronted by the unusual, veteran Zak Mir of ZaksTradersCafe chose to cover […]

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Posted in Markets, STA education, Technical Analysis Courses, Trading

It’s all in the price – as every technical analyst knows: But how good is your arithmetic?

‘’A basic premise of the technical approach is that market action discounts everything: all that is known, or can be known, is ‘in the price’. Technical analysis is therefore not concerned with the underlying value of a security, but with […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending
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Central bankers and their currencies: Too reliant on received wisdom

While teenage climate activist Greta Thunberg is only half-way across the North Atlantic Ocean in her seriously carbon-neutral sailing yacht, central bankers from all over the world flew in yesterday – many in private jets – to Jackson Hole, Wyoming’s […]

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Posted in Finance, General, Markets, STA charts, STA education, STA news, Technical Analysis, Technical Analysis Courses

Charting the Markets with IG TV: Chris Beauchamp on markets post Trump postponement

Recorded on the morning of 14th August 2019, the day after President Trump decided to postpone new trade tariffs on Chinese goods until the 15th of December – just in time for Americans to buy their Christmas presents – Chris […]

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Posted in Finance, General, Markets, STA charts, STA education, STA news, Technical Analysis

Technical Analysis by Clive Lambert MSTA: A journey through a career in the City using Technical Analysis

Technical Analysis is the study of the markets using price action and data. That’s probably the simplest way to describe it, but what does that mean? To explain this I thought I’d take you through my own journey; my 30+ […]

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Posted in Finance, General, Markets, STA charts, STA education, STA news, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending

Putting doji candlesticks into practice: Recent real-life examples

On the 19th of July Jeremy Naylor’s guest on Charting the Markets for IG TV was Patricia Elbaz, independent technical analyst and university lecturer. She gave an excellent introduction to the basics of candlestick charts: how they are constructed, the […]

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Posted in Finance, Markets, STA charts, STA education, Technical Analysis, Technical Analysis Courses, Technical Analysis Training

Charting the Markets with IG TV: Joshua Mahony MSTA rattles through volatile markets

Recorded on the 6th August 2019, the Monday after China allowed to yuan to weaken in response to President Trump’s imposition of new trade tariffs Thursday last week, Joshua, a frequent fixture on the business media circuit, covers a broad […]

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Posted in Markets, STA education, Technical Analysis, Technical Analysis Courses, Trading

Gresham, Gresham Street, Gresham College and the Royal Exchange: Familiar names to bankers

Adding to our recent blogs about central banks and bankers, and there’ll be more fun when Madame Christine Lagarde takes the helm at the European Central Bank, I wanted to give you a peek into the controversial and fabulous life […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending

A peek inside The Old Lady of Threadneedle Street: Mini-series on BBC2 TV

As we mentioned last week, the Bank of England’s been avidly working on their social media profile, partly as a consequence, which they still won’t admit to, of their handling of the finances of the economy this century, which have […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending

Patricia Elbaz on candlesticks for beginners for IG TV: Charting the Markets with Jeremy Naylor

This week’s guest on Jeremy Naylor’s Charting the Markets show is Patricia Elbaz, independent technical analyst and university lecturer. The programme is an excellent introduction to the basics of candlestick charts: how they are constructed, the importance of the bodies […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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The Old Lady banks on Alan Turing: The new face of the (polymer) £50 note

At Threadneedle Street they’ve been working on their social media profile avidly for the last year or so. For the launch of the new £50 pound note they’re in overdrive, an opportunity to show off their softer side. For the […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Lee Sandford on IG TV: Latest Charting the Markets

MACD: what is it, how is it used and looking at its application with EURUSD GBPEUR DAX & GOLD. IGTV speaks with Lee Sandford from TradingCollege.co.uk. Click here to view.

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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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