Tim Parker MSTA – the Subjective Technical Analyst: If you missed the talk, read the article

Such a pity I couldn’t make it to the STA’s September 2019 monthly meeting at One Moorgate Place; events beyond my control. A member of our society for many years, Tim Parker is a top-flight technical analyst with a very strong pedigree.

As editor of our Market Technician magazine, I knew he’d contributed to this month’s issue, so I consoled myself with reading that instead. He kicks off saying: ‘’No investment analyst has a monopoly on the best way to make money in the financial markets, but some make better use of analytical toolkits than others.’’ This reminded me of the vintage management book entitled ‘How to make Friends and Influence people’ – but where one substitutes ‘influence’ for ‘alienate’.

You see, Tim has flair in the way he thinks, works, acts and reacts, so while not deliberately trying to be unconventional, he can come across as so. Saying, ‘’technical analysis is moving from the objective to the subjective’’ is bound to ruffle feathers. But I understand where he’s coming from as I too see this form of analysis as not nearly as objective as some make it out to be.

He explains how ‘’the judgement of data-derived information is as important as the information itself’’, where the recognition of patterns and trends is a mix of instinct, experience and intuition. ‘’Judgement overlays calculation’’. He continues: ‘’I maintain that technical analysts rely on both internal and external factors in the market narrative and therefore need to be both subjective (like an artist) and objective (like a scientist), using TA to bridge the gap’’. I totally ‘get that’.

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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.

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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