STA Blog

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 onto their regular slot, looking at markets from a chartist’s perspective. Both weren’t wearing jackets; not sure, but I suppose one mustn’t look too corporate – not to say, looking like stuffed shirts. Jeremy’s striped one and tie looked the part; not so sure about Lee’s pale blue (though also long-sleeved) shirt and no tie. As well as being competent at one’s job, working with the media, be it TV, text, or social outlets, one must consider all sorts of other messages one is signalling.

Expecting a (much welcomed) pick-up in volatility, Lee cautions about aggressive positioning in the DAX index, favours the EUR/USD because it has ‘’a potential trade setting up’’ and it’s a ‘’cheap market to trade’’. Be careful with this thinking because ‘cheap’ is a relative term, and leverage bites back.

In contrast, the Average True Range on the FX cross GBP/NZD he says, ‘’is pretty high’’ and while 68 per cent of IG clients are short this currency pair, he’s bullish and will ‘’hang on for dear life’’. I’m not sure how he sees this exchange rate. First he says its at ‘’two fifty’’; then he calls this a currency and says it’s ‘’twenty fifty’’. By my reckoning I think I’ll get about two and a half Kiwi dollars for my pound sterling.

Jeremy says you’re welcome to contact him with queries. Might be worth following up.

Click here to watch.

Posted in Markets, Technical Analysis, Technical Analysis Courses, Trading
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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.

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