An educational and entertaining video from IG: More Charting the Markets

On Tuesday 7th May producer and presenter Jeremy Naylor of IG TV writes this of the episode:  ‘Eddie Tofpik of ADM ISI uses his charts SPX, EURUSD, GBPUSD & Nymex. We discuss the Andrews Pitchfork (as well as the modified Jerome Schiff version!) Harami candles, and key reversals up. Lots of education.’ He continues: ‘Eddie even manages to get in the phrase ‘F-word’ [fundamental analysis] after I mention the B-word (Brexit). He makes the programme come alive; can be very dry otherwise.’

As I have mentioned elsewhere, these IG TV people are pretty hot on technical analysis. I too would urge you to watch closely, as this episode is littered with clever and unusual insights (like his choice of simple moving average periods). Less obvious concepts, like Fibonacci projections on the S&P 500 index, are casually bandied around, couched in witty throw-away lines such as ‘’the angle of attack of the market’’.

Look carefully at his daily bar charts – something of a challenge for those brought up on today’s ubiquitous candles – where the concept of a key reversal up and a bearish Harami are explained clearly for a novice layman. Another new one for me is the ‘echo concept’ – not an echo chamber, but a shadow of its former self.

Living and learning with these two, thank you.

Click here to view.

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

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