STA Blog

Recorded and broadcast live on Thursday the 21st November, Victoria Scholar gets Nicole Elliott FSTA to run through the charts and thinking behind that day’s email sent out to Investors Chronicle subscribers. Daily she covers 3 main indices, 2 currencies and spot gold, adding a little bit of market relevant news and published economic data to set the scene.

Using IG charts – so that readers can see what excellent software is available for free – Nicole admits that several markets are drifting rather than trending properly, maybe because they’re trading in the middle of long-term ranges – and as we face the year-end lull. Importantly, she notes that technical analysis techniques should be adjusted for this and expectations lowered.

She talks of the proliferation of ‘’tiny, insignificant doji candles’’, something she’s ‘’never seen quite so many [of] in a multi-decade career’’. She also reminds us that ‘’size matters’’, comparing a gravestone doji and a shooting star, a Marabuzo and a growing MACD. Momentum is another of her favoured oscillators, stressing that watching for divergence is possibly even more important than the direction the signal is pointing.

STA members will, I’m sure, want to wish Victoria good luck as next week she sits the Part I exam of the STA’s Diploma Course.

Click here to watch.