The STA Blog - Page 23
There are many rules of thumb involving market moves and the size of these; a ten per cent stock market decline is called a correction and 20 per cent drop a bear market. But what can we conclude when markets […]
How many roll up their sleeves in a hurry, study the price chart of their favourite financial instrument, using the same old methods and time frame, all the time. When questioned, the usual retort is that this is their preferred […]
With the British summer social season at full tilt – Queen’s and Ascot this week, Chelsea and Epsom earlier – I was thinking of how this affects markets. Personally I have never been a great one for cycles, agricultural, Fibonacci […]
So said Dr Keith Anderson yesterday at the STA’s monthly meeting in London. An interesting talk based on lectures given to third year students in finance at York University – and it showed. Perfect timing, good clear slides, lots of […]
This week the euro rallied five US cents in 65 hours, despite on-going Greek drama, and all too many financial analysts were stumped, slaughtered, and lost for words. I have been wondering whether technical analysis can help in predicting surprise, […]
In a week where the Shanghai Composite Index lost 10 per cent of face value in just two days, cries of ‘tears’, and ‘I told you so’ abound. There is also an element of schadenfreude as these same writers didn’t […]
In a week when Britain saw deflation for the first time in 55 years, and too many European government bonds yield less than nothing, one begins to question one’s sanity in this topsy turvy world. It set me thinking about […]
Gerry Celaya, describing himself as a small Aberdeenshire sheep farmer, addressed the STA at May’s monthly meeting yesterday. Needless to say Gerry, who used to be a board member of the Society, is no ordinary farmer with a BA and […]
Walking back from my local polling station today, determined to say my piece in the most unusual and unpredictable British election in living memory, I started thinking about opinion polls. Dictionary definitions of ‘poll’ include: The process of voting in […]
Once upon a time life was easy. If you were a ‘good’ person you saved money, deposited at a bank that you trusted, it would earn interest and then, with a bit of luck, you could buy the big-ticket item […]
The Technical Analyst Awards ceremony was held last Thursday night for the seventh year running at Le Meriden Piccadilly. Several well known people from the industry were there, including Axel Rudolph, chairman of the STA, Deborah Owen, head of education, […]
Media wants attention and like any spoilt child, the beast will do anything to get it. So business headlines scream at us with emotive words like ‘slump’, ‘soar’, ‘crisis’ and ‘opportunity’. It’s difficult not to get swept up in it […]
Famous Belgians are as rare as hen’s teeth, so we are being a little facetious here. His excellent, well-timed talk, with clear slides, on a challenging subject, this Namur resident Julien Camberlin (MFTA, CFTe and CEWA Level 1) was ‘worth […]
Sometimes, only rarely, does one come across something that is, as the kids would say, ‘awesome’. Being a visual sort of person, which I think most technical analysts must be, I recently came across this site and it reminded me […]
Roll up! Sign up! Don’t be frightened by all the big blokes. This really is a fun run which raises money for Cancer Research UK. For the first time ever the STA has entered a team, one of hundreds of […]
You will have probably heard of the great new technological leap forward that is the ability to print in three dimensions. Not only will we eventually be able to make body part replacements, but I have been warned that the […]
We are used to dealing with bars, candles and clouds. Points and figures, ratios and angles. But let’s see how we fare when letters and numbers out of order. Try reading this aloud; be warned, only a few can do […]
Trading the wholesale markets for the last 35 years, I have been thinking about the changes I have seen.
Most obvious of course is technology, the advent of computing power revolutionising the way we technical analysts work, the quantity of data we can deal with, and the choices we have available to us. Not forgetting search engines so that we can quickly double-check details we have forgotten and theories we are a bit flaky on. I find Wikipedia and StockCharts.com invaluable when unsure of which parameter is the default for a particular analysis – and so on.
A long, long, time ago, I can still remember – when moving averages were plain and simple. Nothing weighted or exponential, dynamic or otherwise (nowadays considered moribund perhaps). Traders used to use 10 and 20 day moving average crossovers to generate buy and sell signals; fund managers, who had time on their side, opted for 50 and 200 day ones, again only crossovers.
Only economists use line charts. We technical analysts have developed far more sophisticated methods, first bar charts, then bar charts with opening and closing levels which morphed into candlesticks, not forgetting those with no time scale along the bottom like Point & Figure, Renko, and the Japanese Three Line Break.
- Quick video interview with Elizabeth Miller: A panellist at the STA’s April conference. February 27, 2024
- D’mitri Richardson breezes in from Chicago: Propelled by the cycles of W D Gann February 14, 2024
- STA Podcast with Stephen Hoad: Ahead of the Technicals to Trading Systems Conference February 5, 2024
- Podcast with Alan Dunne MSTA: Ahead of the STA’s Technicals to Trading Systems Conference January 31, 2024
- How NOT to write about the markets: As a technical analyst, economist or media pundit January 22, 2024
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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.