STA Monthly Meeting May 2009
The predominant market activity is one of range trading; most asset classes trend far less than is commonly perceived. The correct selection of technical indicators will depend on identifying the phase of the market. Kevin will discuss how emotional biases drive price action and can prompt trends to extend beyond the bounds of a normal Gaussian curve into the “fat tails” of the distribution. He has been a user of technical analysis throughout his career and after witnessing behavioural biases first hand in the open outcry-markets now uses trend strength and momentum techniques to disqualify “noise” trading and quantify the intensity of directional moves.
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.
Next STA Meeting
STA Monthly Meeting – October 2023
The main reason for ineffective strategy construction which leads to non-reproducible results in real time and hence inconsistent performance is due to not knowing the 3 critical strategy stats. To overcome this challenge and construct sustainable, scalable and reproducible strategies in a quantitative manner, the Smart Money Framework was developed by the quants in the 1960s. With this framework we will have the 3 critical stats to help us construct optimal entries, stop loss and exits. When this is further combined with volume, our probability of capturing the bigger runners increases. All of the above will be explained further in detail by the presenter.
Future STA Meetings
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