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Category: Trending

‘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 […]

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‘Fake News’ in focus: Traders and investors, beware

In a week when even President Trump was called out for spreading dubious facts on social media, you know that the format has a big problem. The obvious scare-mongering is often easy to spot, and we all know that screaming […]

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‘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 […]

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Do you really understand technical analysis? Do you know someone who wants to learn?

Sometimes in today’s ‘’instant knowledge at the touch of a smartphone’’ world, it’s very easy to become overconfident. Or assume that everyone, and anyone, could know what they need with a quick Google search. Being rather more rigorous than this, […]

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‘How to Determine Bearish and Bullish Markets!’: Speaker’s capitalisation and exclamation mark

The STA’s May monthly meeting was, unfortunately, conducted via webinar because of the Corona-19 virus; a pity as veteran (3rd time) invitee Zaheer Anwari is someone I look forward to catching up with over networking and drinks at our regular […]

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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 […]

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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 […]

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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 […]

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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 […]

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‘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 […]

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‘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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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‘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 […]

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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 […]

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Posted in STA charts, STA education, STA news, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending
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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 […]

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ACI “the filling in the sandwich”: The economist between the dark side

That’s how Adrian Schmidt said he felt as a fundamental analyst slotted between two technical analysts at yesterday evening’s special panel debate organised at the STA’s usual (and lovely) venue in conjunction with the ACI. To an almost full house […]

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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 […]

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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 […]

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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. […]

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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 […]

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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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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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‘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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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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‘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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‘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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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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