STA Blog

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 strong pedigree.

As editor of our Market Technician magazine, I knew he’d contributed to this month’s issue, so I consoled myself with reading that instead. He kicks off saying: ‘’No investment analyst has a monopoly on the best way to make money in the financial markets, but some make better use of analytical toolkits than others.’’ This reminded me of the vintage management book entitled ‘How to make Friends and Influence people’ – but where one substitutes ‘influence’ for ‘alienate’.

You see, Tim has flair in the way he thinks, works, acts and reacts, so while not deliberately trying to be unconventional, he can come across as so. Saying, ‘’technical analysis is moving from the objective to the subjective’’ is bound to ruffle feathers. But I understand where he’s coming from as I too see this form of analysis as not nearly as objective as some make it out to be.

He explains how ‘’the judgement of data-derived information is as important as the information itself’’, where the recognition of patterns and trends is a mix of instinct, experience and intuition. ‘’Judgement overlays calculation’’. He continues: ‘’I maintain that technical analysts rely on both internal and external factors in the market narrative and therefore need to be both subjective (like an artist) and objective (like a scientist), using TA to bridge the gap’’. I totally ‘get that’.

Posted in Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending

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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