With precious little interesting to do in lockdown London – other than going for walks and enjoying the beautiful sunshine – I decided to attack paperwork at home. Not the utility bills, insurance policies and income tax, but the piles […]
Member's Blog
Category: STA news
History of the Gartley Pattern: With thanks to Larry Pesavento and Leslie Jouflas
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Fibonacci, Retracement, Swing Trading
Tags: Fibonacci, Retracement, Swing Trading
Q: When is an island not an island? A: No, the answer isn’t Brexit Britain
With lockdown being de rigueur this season, and all the talk of family bubbles, travel corridors, quarantining and social isolation, I happened to spot a few potential island reversals in the charts. Which then set me thinking about their validity, […]
Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: Fibonacci Retracements, gaps, Island Reversals, moving averages
Tags: Fibonacci Retracements, gaps, Island Reversals, moving averages
‘Critical Cycles’: What you need to know and how to take advantage
The rather dry title of this month’s STA webinar presented by Andrew Pancholi who promised us a ‘’40 minute whistle-stop tour of 30 years of work’’. He lived up to his threat and I urge all and sundry to watch […]
Posted in Finance, Markets, STA charts, STA education, STA news, Technical Analysis, Trading, Trending
Tags: cycles, history, timing
Tags: cycles, history, timing
‘Pieces of eight’: And the real value of money
You probably remember this expression from the film ‘Pirates of the Caribbean’. This makes sense, because in those days Spanish coins were minted with silver mined in Latin America, based on a system of 8 ‘reales’ – as Brazil’s currency […]
‘Flash Crash’ in review: Were they looking for just anyone to blame?
Almost exactly 10 years ago – 6 May 2010 at 14:32 US Eastern Time – the Dow Jones Industrial Average suffered its second worst ever intra-day loss of 998 points – in just 5 minutes; it then took half an […]
The world’s most and least expensive cities: Where is the relative value?
Very recently the 2020 Cost of Living Report was published covering 133 cities around the globe, listing which were the most expensive to live in. Tied in top spot were Singapore, Hong Kong and Osaka, with New York in 4th […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Drama, Proportion, Size
Tags: Drama, Proportion, Size
Art is anything and everywhere: The skill is in the interpretation
Artist and prize-winning potter, Grayson Perry, has been busy during the lock-down. A social butterfly by nature, oft-spotted at Royal Academy parties sporting a little girl Alice in Wonderland look, last night he and his wife hosted an hour-long TV […]
Posted in Finance, Markets, STA charts, STA news, Technical Analysis Courses, Trading, Trending
Tags: Interpretation, Language, Symbols
Tags: Interpretation, Language, Symbols
When is parabolic too much? Answer: when it suddenly reverses
Charts for this piece: Tesla, Virgin Galactic (Zero Hedge), palladium, Argentine new bond prices as IMF negotiates, Lebanese bond yields 1000%. Media outlets – and not just financial ones – have been getting terribly excited about the share price of […]
Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: Excess, momentum
Tags: Excess, momentum
Volatile markets can make you sick – literally: John Coates on viruses and volatility
Published on the 10th April 2020 in the Financial Times newspaper, this wasn’t the first time Mr Coates had contributed an article. Acting on a hunch he had had when running a trading desk for Deutsche Bank, he then retrained […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Information, risk appetite, Stress, Technical Analysis Courses, volatility
Tags: Information, risk appetite, Stress, Technical Analysis Courses, volatility
‘Crush it with Clouds’ by Sankar Sharma MSTA: If only we could do the same with Covid-19
As a handful of countries start lifting corona-virus related restrictions, Britain looks set to enter another 3 weeks of lockdown. Tuesday the 14th April was the second STA Monthly Meeting that was held online due to limits to the size […]
Posted in STA news, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending
Tags: Ichimoku Clouds, return, reward, risk, stops
Tags: Ichimoku Clouds, return, reward, risk, stops
‘Beware the Ides of March’: Remembering to keep a sense of proportion
Shakespeare’s Julius Caesar came to a sticky end on the 15th of March, lending the phrase negative connotations ever since. In fact, an Ide is a very ancient word for certain dates in the calendar, the first full moon of […]
Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: Bear, Bull, percentage, Proportion, Technical Analysis Courses
Tags: Bear, Bull, percentage, Proportion, Technical Analysis Courses
Tuesday’s meetings turned on their heads: But we still get to see them
I’m a regular presence at Tuesday’s monthly meetings of the Society of Technical Analysts at the Institute of Chartered Accountants of England and Wales’ lovely premises at One Moorgate Place, City of London. Partly because I so enjoy catching up […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Backtesting, Habits, Home Study Course, Video, Working from Home
Tags: Backtesting, Habits, Home Study Course, Video, Working from Home
How the markets worked a long time ago: And how staff dressed for work
Quite by chance, about 10 days ago, someone put me on to a video available (to those who pay a television licence fee) on BBC iPlayer. Called ‘The Markets’, it was released in 1976 and is an interesting vignette of […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Banking, Jobber, Stockbroker, volatility
Tags: Banking, Jobber, Stockbroker, volatility
Charting the markets with IG TV: Safe havens ahoy! But do you know where they are?
A very brave Joshua Mahoney of the IG platform faces an incredibly tricky time explaining the carnage in all sorts of markets on the morning of Monday 9th March 2020 – plus, trying to forecast the next step. Well done, […]
Posted in Finance, STA news, Technical Analysis, Technical Analysis Courses
Tags: Crashing stock indices, gold, oil, Safe-havens
Tags: Crashing stock indices, gold, oil, Safe-havens
That was the Week that Was: And then the client asks: ’’how are you left?’’
A phrase dreaded by market makers in all areas of finance who, because they are obliged to make two-way prices for existing clients throughout the business day, means there are more difficult orders on the way and the most recent […]
Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: Equities, percentage, Relative Performance, Start Point
Tags: Equities, percentage, Relative Performance, Start Point
Book review: ‘Unchartered: How to map the future together’ by Margaret Heffernan, published by Simon & Schuster
The Weekend FT is strong on book reviews, generally well-written, some good, rarely bad, and never indifferent. Mercifully, they cover a lot more than fiction because, as my friend the Supreme Court judge says: ‘’when you have to read a […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: forecasting, Received Wisdom, Unchartered
Tags: forecasting, Received Wisdom, Unchartered
Robin Griffiths, who has pedigree, overviews the last 50 years: Because the STA also has 50 years under its belt
Well, we’ll have to give it to him, he’s done 53 years as a professional technical analyst/strategist, despite a BA in economics from Nottingham University. His first City job was at stockbrokers Phillips and Drew – one of the many […]
Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: Asset classes, cycles, demographics
Tags: Asset classes, cycles, demographics
‘Harbingers of failure’ versus ‘lead customers’: Notes from Tim Harford provoke contrarian thinking
Earlier this month Tim Harford, a Financial Times (TimHarford@nullft.com) writer and author of best-selling books ‘The Undercover Economist’ and ‘Fifty Inventions That Shaped the Modern Economy’ – who I rate highly, published an article about losers – in which category […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Contrarian, divergence, Market Signals, Technical Analysis Courses
Tags: Contrarian, divergence, Market Signals, Technical Analysis Courses
It’s my birthday this month, so I’m looking at monthly candles: Not blowing them out though
Many markets this January have been a ‘Tale of Two Cities’ – or halves anyway. This has created a series of very interesting, and sometimes rare, single or two-candle patterns, reminding me of the song ‘Candle in the Wind’. Like […]
Tremendous turnout for equities in 2019: Despite Sino-US trade spat
I’m probably preaching to the converted, but: beware media headlines. Bad news is shocking, and shocking sells newspapers. Sensationalist wording gets eyeballs on social media. Slick and surprising video footage gets clicks; so it goes, and has always; therefore journalists […]
Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: Equities, percentage, Relative Performance, Start Point
Tags: Equities, percentage, Relative Performance, Start Point
Charting the Markets on IG TV: With IG’s Senior Market Analyst Joshua Mahony
The TV and media team and IG are a slick lot with a busy production schedule. As well as producing text and video content, they coordinate news feeds for the platform and do their own analysis. From Monday to Friday […]
This is not a blog; this is not even an M&S blog: It’s just seasonal greetings masquerading as a blog
I’m really looking forward to taking some time off over the Christmas and New Year’s Eve weeks. I’ve cut these out of my working diary for many years now, mainly because markets are dead – ergo technical analysis pointless – […]
Posted in Education, Finance, General, Markets, STA charts, STA education, STA news, Technical Analysis, Technical Analysis Courses
Tags: greetings, New Year, seasons, year-end
Tags: greetings, New Year, seasons, year-end
Thirty-third STA AGM: Gets into full swing
Starting a few minutes late, up at the front of the conference hall at One Moorgate Place, London EC2 R 6EA, was new STA Chairman Tom Hicks who had previous incumbent Axel Rudolph’s big shoes to fill. He was flanked […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: AGM, Directors, Executive committee, Report & Accounts
Tags: AGM, Directors, Executive committee, Report & Accounts
The gleaming glass of the South Bank, between Tower and London Bridges: A suitably modern venue for some crusty old fellows
These were not any old fellows, but STA Fellows, I’ll have you know. The second time I’ve been invited, having only been made one of the gang last summer at the City Hall 50th STA birthday bash, the event had […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Fellows, food, London Bridge
Tags: Fellows, food, London Bridge
Scam emails from HMRC – Reported by 900,000 people
The Weekend FT has a small FT Money section which covers personal finance (rather than companies and markets). It often has articles which are relevant to one’s current or future circumstances, or cover aspects that a friend might find helpful. […]
German corporates penalised by the ECB: Banks impose negative interest rates on cash balances
For a nation which prides itself on prudence, saving and balancing the government budget, they are furious at the ECB’s never-ending ‘quantative easing’ and now a minus 50 basis point key ‘lending’ rate. Data published by the Bundesbank, and a […]
Posted in Finance, General, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: bonds, Negative Yields, Zero
Tags: bonds, Negative Yields, Zero
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 […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: candles, Closing Levels, Paper Trading, percentages
Tags: candles, Closing Levels, Paper Trading, percentages
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 […]
Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: Andrews Pitchfork, FX, Indices, Schiff pitchfork
Tags: Andrews Pitchfork, FX, Indices, Schiff pitchfork
‘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 […]
Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
Tags: Algorithm, Big Data, Hedge Fund, Quant, Technical Analysis Courses
Tags: Algorithm, Big Data, Hedge Fund, Quant, Technical Analysis Courses
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 […]
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.
Latest Comments