Author: STA Office

‘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 grumpy old man (says this grumpy old bag). It’s no wonder I, and no doubt many others, are unfamiliar with his name and face as he shunned publicity. In a rare 2006 interview he says, quoting Orwell’s donkey in ‘Animal Farm’: ‘’God gave me a tail to keep off the flies. But I’d rather have had no tail and no flies’’.

Tagged with: , , , ,

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 […]

Tagged with: , , , ,

‘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 […]

Tagged with: , ,

‘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 […]

Tagged with: , , ,

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 […]

Tagged with: , , ,

‘Logical Price Action: Utilising Wyckoffian Principles in Modern Times’: Lecture by William Reardon 8 October 2019 18:30 BST

Invited by STA Executive Committee member David Watts to give this talk (who’d heard about him through the www.trade2win.com forum for active traders), I introduced myself and apologised for knowing nothing about his subject. Unfazed, William told me he was […]

Tagged with: , , , ,

Pitchforks at the ready! Just in case Brexit really gets going

I’m not talking French Revolution or anything like that – at least I hope not – but to tie in with this week’s IG TV interview with Eddie Tofpik MSTA, Senior Markets Analysts at ADMISI, where he makes extensive use […]

Tagged with: , , , ,

Charting the Markets on IG TV: Victoria Scholar interviews Eddie Tofpik MSTA

Recorded yesterday, October 2nd 2019, and sent over to me today, I cannot believe Eddie described the chart of the Australian dollar versus the US as ‘’a very pretty chart’’ and that cable’s rally was a ‘’fly in the ointment’’. […]

Tagged with: , , , ,

Dow and the Decennial Cycle: Article by David McMinn in Market Technician magazine

Like it or not, we are closing in on the end of September and the third quarter of 2019. Some are scurrying around the Federal Reserve Bank of New York desperate for cash to tidy up their books coinciding with […]

Tagged with: , , , ,

Charting the Markets with IG TV: Nicole Elliot hits the airwaves as Brexit turmoil bits

IG TV host Jeremy Naylor this week invited Fellow of the Society of Technical Analysts, Nicole Elliott, onto IG’s regular slot looking at the week’s markets from a chartist’s perspective. Both agree that Brexit is dominating the headlines, Britain’s Supreme […]

Tagged with: , , , ,

Grand Gala Dinner goes with a bang: A quick re-cap for those who couldn’t make it

For some time now, every year in early September the STA books the National Liberal Club for a formal sit-down 3-course dinner – because Liberal Party members are away for their annual conference – and we have the club pretty […]

The Role of Subjectivity in Technical Analysis: Read about last week’s STA talk with Tim Parker MSTA

Tim Parker MSTA is a veteran in the field of technical analysis and this was evident in his talk. Tim started the session by asking who in the room was optimistic about the state of the financial markets. Around 30% […]

Charting the Markets with IG TV: Client Adrian Rye on Elliott Wave Theory

IG TV host Jeremy Naylor this week invited in one of their clients, Adrian Rye, an independent technical analyst. Trained as a commercial financial analyst, he comes across well: honest, believable and clear. Better and better: his charts are superb. […]

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 […]

Charting the Markets with IG TV: Patricia Elbaz goes to school

I think that Patricia Elbaz MSTA just might be IG TV host Jeremy Naylor’s teacher’s pet. In his own words: ‘’through an interesting summer…and a difficult time ahead, it’s back to school’’ – especially for Patricia who lectures at several […]

Speed Resistance Lines: A new one on me, and a variation on a theme

One of the problems of having my email address plastered all over the place, is that I get a lot of unsolicited mail. There is an upside though, as sometimes I get very nice letters from people I don’t know. […]

Charting the Markets with IG TV: Zak Mir after Boris Johnson prorogues Parliament

Just the man for the moment. Rather than throw his hands up and shout things like ‘unprecedented, uncharted and unfair’ as so many in the media do when confronted by the unusual, veteran Zak Mir of ZaksTradersCafe chose to cover […]

It’s all in the price – as every technical analyst knows: But how good is your arithmetic?

‘’A basic premise of the technical approach is that market action discounts everything: all that is known, or can be known, is ‘in the price’. Technical analysis is therefore not concerned with the underlying value of a security, but with […]

Tagged with: , , , , , ,

Central bankers and their currencies: Too reliant on received wisdom

While teenage climate activist Greta Thunberg is only half-way across the North Atlantic Ocean in her seriously carbon-neutral sailing yacht, central bankers from all over the world flew in yesterday – many in private jets – to Jackson Hole, Wyoming’s […]

Charting the Markets with IG TV: Chris Beauchamp on markets post Trump postponement

Recorded on the morning of 14th August 2019, the day after President Trump decided to postpone new trade tariffs on Chinese goods until the 15th of December – just in time for Americans to buy their Christmas presents – Chris […]