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 markets from a chartist’s perspective. Both weren’t wearing jackets; not sure, but I suppose one mustn’t look too corporate – not to say, looking like stuffed shirts. Jeremy’s striped one and tie looked the part; not so sure about Lee’s pale blue (though also long-sleeved) shirt and no tie. As well as being competent at one’s job, working with the media, be it TV, text, or social outlets, one must consider all sorts of other messages one is signalling.

Expecting a (much welcomed) pick-up in volatility, Lee cautions about aggressive positioning in the DAX index, favours the EUR/USD because it has ‘’a potential trade setting up’’ and it’s a ‘’cheap market to trade’’. Be careful with this thinking because ‘cheap’ is a relative term, and leverage bites back.

In contrast, the Average True Range on the FX cross GBP/NZD he says, ‘’is pretty high’’ and while 68 per cent of IG clients are short this currency pair, he’s bullish and will ‘’hang on for dear life’’. I’m not sure how he sees this exchange rate. First he says its at ‘’two fifty’’; then he calls this a currency and says it’s ‘’twenty fifty’’. By my reckoning I think I’ll get about two and a half Kiwi dollars for my pound sterling.

Jeremy says you’re welcome to contact him with queries. Might be worth following up.

Click here to watch.

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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.

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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 trending@sta-uk.org

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