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18
MAY
2016
Which is longer? Which looks longer?

Yet Another Reason Trading Is So Difficult: The Waterfall Effect

I have known it for a long time, staring at the screens makes me see movements which are not actually there. Like the optical illusion of the two arrows, the illusion is always present even though I know the lines are the same. Try as I might, I cannot get my brain to correct its...
23
MAR
2016
Source Bloomberg

Knife Catching for Professionals – Calling the Oil Price Low

The International Energy Agency (IEA) has announced the oil price may have made a bottom. The oil price is a graveyard of experts who have called the low. Catching a falling knife is clearly a very dangerous occupation.   The following bodies have been found so far: Andy...
16
FEB
2016

Chart Lesson: Falling Wedge in the Rand

As those of you who have attended one of my courses will know I always prefer to use live current market examples to illustrate the lesson. What is the point of using a chart from 1972 as a Case Study. It of course worked out perfectly. But in real life we work on the hard right...
13
FEB
2016

Tom DeMark Calls For a Stock Market Market Bottom Right Now

In a Bloomberg TV Interview last week Tom DeMark calls for a market bottom in the next 2-3 market days.  He is not a man to mince his market calls. He does not get it right every time but some of his calls have been simply spectacular.  I’ve known Tom for many years and can...
08
FEB
2016

Where Have All the FX Traders Gone?

FX trading in the U.K. and North America shrank by more than 20 percent in October from a year earlier, according to central banks in those regions. London is the biggest centre for foreign-exchange trading. The investment banking business has shed tens of thousands of positions...
11
JAN
2016

Statistical Test of Three Popular DeMark Technical Indicators

Late last year, Marco Lissandrin ETH Zurich, Donnacha Daly ETH Zurich and Didier Sornette Swiss Finance Institute; ETH Zürich – Department of Management, Technology, and Economics (D-MTEC) published a research piece of great importance to us fans of the work of Tom DeMark....
28
SEP
2015

Courses now approved by CFA Insitute

We are pleased to announce our Introduction and Advanced Technical Analysis, Short Term Trading Techniques and Portfolio Construction Techniques courses operated by The Technical Analyst at CE Approved Activity. You will receive 12 hours credit for each of these two-day courses....
20
MAY
2015

Discretionary or Systematic – Which is Best?

In this blog I take a look at how CTAs using systematic and discretionary processes have fared over the short and longer duration, and what states have discovered the marked difference in their performance track records over time. After several years of lacklustre performance,...
09
APR
2015

ACI Lunch and Learn for FX and Money Market traders

The first of a series of 2015 Lunch and Learn took place on the 24th March hosted by Royal Bank of Canada in their board room in London. Trevor Neil of BETA Group gave an interesting and insightful presentation on the practical application of technical analysis strategies and...
27
JAN
2015

HFT a Spent Force

As markets have grown more accustomed to high-frequency strategies, the profit opportunity for such firms has by some accounts shrunk. Once HFT was seen as a dangerous and destructive force which threatened the future of fair markets. This worry was particularly evident in the...