STA Monthly Meeting January 2006
Implied volatility and put-call ratios are the only exact measure for sentiment that everyone can access. Making simple assumptions on how market-makers and the crowd (retail and institutional) behave, it is possible to derive from implied volatility an excellent gauge of fear and greed. Combined with price analysis, it increases the probability of spotting medium term trend reversals. It also appears that implied volatility obeys Dow theory, and can be analyzed as an asset of its own, therefore calling for trend reversals in volatility.
Valérie will provide recent examples and will share her experience of the methodology’s strengths and weaknesses.
Valérie Gastaldy graduated from ESSEC in 1985 to join immediately France’s largest broker at the time, Meeschaert-Rousselle, where she launched the first OTC index option in 1986, before being a market-maker on MONEP and then a prop ‘trader. Technical analysis appeared more adequate than fundamentals to answer her needs for short-term risk management.
STA Monthly Meeting & Christmas Party December 2005
Bill will not discuss the minutiae of TA very much, but, in his allotted span of 30 minutes, share some insights into his long and colourful career as a trader, broker and market journalist, aka market wisdom.
Bill graduated from the University of Virginia in 1966 and also has an MBA from the Thunderbird Graduate School of International Management, Phoenix. He first joined Morgan Guaranty on the government bond desk. After various stints as a broker to some famous names, he moved to the UK in 1997, when he joined Bloomberg.
STA Monthly Meeting November 2005
David will discuss his approach to analysing markets, with a particular focus on the application of Fibonacci. He will also look at the current outlook for global fixed income markets.
David Sneddon is a managing director of Credit Suisse in the Investment Banking division, based in London. He is global head of Technical Analysis and is responsible for overseeing the entire technical analysis product, covering the Fixed Income, FX, Equity and Commodity markets, as well as the provision of technical analysis education within Credit Suisse and for clients globally.
STA Monthly Meeting October 2005
Kevin will discuss the use of volatility bands as an adaptive tool to gauge the phase of the market. He will then outline a way to adjust oscillators using volatility, to enhance trading performance. Using these measures, he will conclude by focusing on some current observations.
Kevin Edgeley has worked in the city since 1982. He spent 15 years as a floor trader on LIFFE for Bache, HSBC and Goldman Sachs before moving to a technical strategy role within economic research.
STA Monthly Meeting / Extraordinary General Meeting September 2005
Tom will examine the market climate, and use technical analysis to discuss technical scenarios, by way of demonstrating the “rule of confirmation”. He will look at cross markets to formulate trading strategy. For example, looking at the UK interest rate cycle, and how that impacts on the yield curve and resulting fly trading activity. Tom will show how he uses various chart types – candles, bar & line – to confirm signals. He also looks at calendar and yield spread differentials, and in some instances applies objective tools like moving averages and m/a systems, as well as momentum tools.
Tom has 24 years’ experience of financial markets, starting as a technical analyst/strategist with Standard and Poors. After Merrill Lynch, he comanaged Othon Investment, a $2 Billion Hedge Fund, before becoming Head of Technical Strategy at RBS for 10 years.
STA Monthly Meeting & Summer Party July 2005
Jeff will adapt his normal monthly review to cover such international markets, sectors, bonds, commodities and currencies as can be shown within his allotted span of 30 minutes. He will focus mainly on what is hot, and to a lesser extent on what is not.
Jeff Hochman is Director of Technical Strategy at Fidelity Worldwide Investment. In his current role, Jeff manages a team of Technical Analysts with whom he provides support to Equity Fund Managers and Equity Research Analysts at both stock picking and macro asset allocation levels. He also frequently represents Fidelity to clients, the press and at conferences.
STA Monthly Meeting May 2005
David will focus on the latest findings on Ichimoku (Cloud) Charts, which were developed in Japan in the late 1960s, making them one of the most recent developments in Technical Analysis. Although there is still remarkably little written material available on the subject, the technique is becoming more widely followed in western markets. The Ichimoku session was one of the best acclaimed presentations at the Madrid IFTA Conference. David’s presentation follows on from that with the latest findings and observations.
David is founder and CEO of Updata, which he founded in 1991. Updata now has technical analysis clients in over 60 countries with offices in London and New York. David is a member of the American Association of Professional Technical Analysts and holds the Master Financial Technical Analyst qualification awarded by the International Federation of Technical Analysts. He is a well known market commentator in the press and on finance TV. He is the author of Cloud Charts: Trading success with the Ichimoku technique.
STA Monthly Meeting April 2005
David will focus on his theories regarding the behavioural patterns of markets, their underlying psychological associations and the harnessing of internal feelings as one trades the market patterns. He will use recent examples to illustrate his thoughts, and make several key market predictions. He aims to cover as wide a range of markets as possible, including gold, oil, the dollar and US equities.
David read physics and geophysics at university, and has 18 years of experience with J P Morgan and his own firm, in both proprietary trading and investing, using the application of Elliott Wave to foreign exchange, bond and equity markets.
STA Monthly Meeting March 2005
Bill will take as his starting point his recent lecture for the Diploma Course and develop the rather neglected theme of Dow Theory as far his allotted span permits.
STA Monthly Meeting February 2005
The soft commodities are particularly prone to swings on rumour, political events and weather, making careful analysis of the charts for risk/reward opportunities an essential part of any trading plan. During her talk, Elizabeth will cover the background fundamentals of the marketplace, and how to interpret the charts with that knowledge.
Elizabeth has been a member of the Society since 1992, and holds an MSc in Economics from Birkbeck College, University of London. She is well known in the softs market, having been widely quoted on Reuters and other services.
STA Monthly Meeting January 2005
After starting with charts of essential items like Gold, Oil and a few Currencies, he will show charts of the Major Indices before moving on to highlight the Best and Worst from the FTSE 100 list. He will conclude with a selection of the most bullish and promising charts in the FTSE250 and the FTSE SmallCap indices. The charts will be selected on the morning of the 12th January and, hopefully, there will be a few topical messages or themes at the start of 2005.
Richard is well-known to us as a Fellow, a founder member of our predecessor ACTA and a former chairman of the Society as well as an institutional stockbroker of long standing.
STA Monthly Meeting & Christmas Party December 2004
Using the same skills which consistently beat fund managers, a mixture of technicals (trend following, momentum, statistical) and fundamentals Alpesh will discuss his favourite UK and global stocks, including ADRs (especially Brazilian, Indian, Chinese and Russian stocks), and Exchange Traded Funds for 2005. Also, where he sees the major indices going. Keeping with the jovial Christmas spirit, he will also host “Who wants to be a “TA” Millionaire”, and provide “alternative” top trader advice.
Alpesh, a former barrister, left to trade full time on his own account in 1996. He has written for the Financial Times since 1999, and provided regular market views for Barclays, Merrill Lynch and HSBC, as well as investment talks for American Express and Goldman Sachs.
STA Monthly Meeting November 2004
Basically, David will reprise his talk of two years ago, with an emphasis on the advances in the technology/cost equation and systems developed since then. He will focus on the software solutions available to professional practitioners and private investors alike. If time allows he will look at some of the more modern trading technologies available today for the analysis of time series data. Unlike the uncertain background of two years ago, markets and job prospects seem more settled. That said, members should need no reminder that markets can and do turn on a sixpence, (and if they do, they are likely to lose money), so prospects may change…
David is a Trading System Consultant and professional engineer. He first became involved with the LIFFE markets after being commissioned to provide IT support and write a trading model for a number of LIFFE traders in 1992. Since then he has used his engineering expertise on a number of innovative trading projects
STA Monthly Meeting October 2004
Julian will outline some of the methods he uses to trade and how he applies technical analysis across a range of markets and timeframes. He will illustrate how he identifies the “ price acceleration “ trades which make the easiest positive returns.
The approach will outline the more aggressive approach that comes from managing a leveraged trading portfolio and the emphasis that is placed on money management. Julian will also refresh the money management techniques he showed members when last he addressed the STA in May 2002. He will explain why he spends much of his time in perfecting these instead of trying to find the “perfect” entry system.
Julian, a graduate in Business Finance, has been a proprietary trader for over 15 years. He trades the interest rate, foreign exchange and stock markets. During his career he has spent time working for HSBC, Citibank and Erste Bank.
STA Monthly Meeting September 2004
The Wyckoff Method of technical analysis is a pattern recognition system that requires judgment. Although the Wyckoff Method is not a mechanical system per se, nevertheless high reward/low risk opportunities can be routinely and systematically identified using Wyckoff’s three laws and nine tests. Hank will present and illustrate these laws and tests.
Dr. Hank Pruden is a professor in the School of Business at Golden Gate University in San Francisco, where he has been teaching for 37 years. Dr. Pruden is the executive director of the Institute of Technical Market Analysis (ITMA). At Golden Gate University, he developed the accredited courses in technical market analysis in 1976.
Next STA Meeting
Joint Panel Debate with the ACI UK, The Broker Club and The Commodity Trading Club
Future STA Meetings
STA Monthly Meeting – February 2024
STA Montly Meeting – March 2025
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