Academics from the University of Hong Kong and University of Warwick have carried out a large-scale investigation of technical trading rules in the foreign exchange market, using daily data over 45 years for 30 developed and emerging market currencies. Employing […]
All of us would probably like to know what’ll happen next; it’d make life so much easier, knowing what to prepare for and when – no doubt leading to a more fulfilling, if not accepting/fatalistic existence. Mind you, pity the […]
Very recently I came across this chart of the S&P 500 index. It shows the major downturns it has seen four times since the 1970’s, where each one starts at a theoretical 1 (or 100 per cent). Every one of […]
A colleague last week brought to my attention an article in the latest issue of Shares magazine and asked what I had thought of it. Not only did I have to admit that I hadn’t seen it – ‘yet’ I […]
Describing himself as a coach and consultant who teaches on the STA’s Diploma course, veteran City trader Steven Goldstein (the punters’ magician) laid out his cards at yesterday’s STA monthly meeting. Wowing members, one guest was overheard saying later that, […]
Oh not that old chestnut, you groan! No chance, not here that’s for sure. The arguments and discussions surrounding the relative merits of fundamental versus technical analysis are too old hat, blinkered and dreary and only for the bigoted. But […]
Loved by the trading community and developed by Gerald Appel about forty years ago the Moving Average Convergence/Divergence (MACD as it’s usually known) aims to drill down into trends – and when they begin to lose momentum. Calculated by subtracting […]
Dr Keith Anderson, lecturer of accounting and finance at the University of York, and also a guest speaker at one of our monthly STA meetings had an article recently printed in the Interactive Investor. Click on link below to read. […]
To coincide with St Patrick’s Day last week Scientific American posted on social media a short video to help you spot a four-leaf clover. Presented by a self-confessed egg-head, the focus is on pattern recognition and how science can help […]
Looking at the beautiful photos taken by British astronaut Tim Peake from the International Space Station reminded me of how important distance and familiarity are to technical analysis. When charting a new market or instrument I always insist on starting […]
As technical analysts we are all too aware of the sort of chart patterns we should look for at market tops. Double and triple tops, quadruple ones even, the ubiquitous head and shoulders, islands, shooting or evening stars and hanging […]
Introduced by Guido Riolo, Bloomberg’s Head of Charting, as ‘a genius of the world of finance’ whose Sequential®, Combo®, and TD Lines® the terminal supplies, audience expectations were running high at the STA’s monthly meeting. A heavyweight in the world […]
Organised by Tom Hicks MENG MSTA MSCI, and more importantly the STA’s Head of Programmes, for many members it was an opportunity to scale new heights – if you could manage the rather complicated lifts to the 17th floor, that […]
An idea suggested by STA members, and one I wholeheartedly support, is not a ‘Book Club’ as such (way too bourgeois) but a forum to showcase and discuss books that are either new, useful, or beautiful (to paraphrase William Morris); […]
This month’s speaker, Riccardo Ronco of institutional equity brokerage Aviate Global, dashed in on a cold London evening looking just as dapper as you’d expect of an Italian. Claiming his compatriots were no good at cracking jokes to break the […]
We all know that the prime mover of technical analysis is a time series analysis of market prices, sometimes labelled as ‘descriptive statistics’ by statisticians. They then call all further analysis based on this data ‘inductive statistics’ which include forecasts, generalisations, and extrapolations.
Rather than the usual monthly format of guest speaker presentation followed by a handful of questions, January’s get together encourages audience participation and debate between the speakers themselves. The STA was lucky to have a panel of three very different […]
If, like me, you have spent way too many hours, days, and years studying charts – and more often than not staring blankly at computer screens – it’s nice to know some things only have to be done very occasionally; […]
These were the themes of Minouche Shafik, Deputy Governor markets and banking at the Bank of England, who chose the Institute of Directors’ grand premises on Pall Mall as the venue for her first major monetary policy speech. With a […]
Why oh why did I tell Professor Russell Napier that traditionally the speaker at December’s meeting should be brief because he kept STA members from the canapés and drinks at the after-party? The man is quite the maverick and rattled […]
DEFINITION: A characteristic of a time series in which the data experiences regular and predictable changes which recur every calendar year. Any predictable change or pattern in a time series that recurs or repeats over a one-year period can be […]
For those of you who could not make it to the STA Annual Dinner yesterday, we offer a glimpse into what was another successful and enjoyable evening. Pre-dinner drinks in the so-called smoking room (which is only permitted on the […]
At November’s STA monthly meeting we were treated to a very interesting talk by motivational coach Steve Ward (do watch the video which is now on the STA website). But there was an added extra in store for me over […]
I have found the DMI indicator to be a useful tool. The more traditional way to use this index is in conjunction with an ADX signal above 20 (this tells you that a market is trending in the first place). […]
Yesterday something completely different happened at the regular STA monthly meeting: a talk without charts! Well, just one but none of us managed to guess what it was: blood sugar levels of an Israeli parole board, so not an entirely […]
They’re easy to spot, but do we really know what they mean? October saw strong rallies in many equity indices and it got me thinking. First reactions are shock and awe, glee too, but digging a little deeper are the […]
We all know that bear markets work differently to bull ones, whether you look at it from an Elliott Wave perspective (five phases on the way up but only three on the decline), patterns (blow-off tops versus rounded bottoms), and […]
Technical analysis is truly international, not just because it has practitioners spread across the globe but because it is a common language we can all understand and relate to. It is another lingua franca, not like Esperanto but like maths, […]
The STA’s October monthly meeting was a real knock-out – but then what else would one expect from Jeremy? Timed to coincide with the release of his second book – 21st Century Point and Figure (our library has a copy) […]
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