Last week in Part 7, we looked at Market Breadth. We now start a chain of eight articles covering technical analysis directly carried out on price. We will be looking at patterns, support & resistance, trends, Fibonacci, pivots, moving averages, bands, indicators and Ichimoku. The first of the eight, looks at Trends, Support & Resistance. Understanding these principles will give you the necessary building blocks to understand price action and analysis and evolve your technical analysis learning. [Read more…]
Archives for May 2017
A great session was had by all at today’s outreach session for the year 12’s of the Goodwin Academy at Canterbury Christ Church University.
The aim of the session was to educate and give the students an introduction to the the world of Financial Markets. We looked at how various markets worked: Commodities, FX and Equities. We also used the Bloomberg suite of computers in the dedicated trading room at the University, to give the students an introduction to this most valuable tool. We also looked at some of the best (Buffett, Soros) and worst traders (Leeson) and what makes them tick. One of the more enjoyable elements of the day was the trading game, where the students were allowed to put their new found knowledge and skills into practice!
Already looking forward to next months Outreach session in June! If you’re interested in organising anything like this for your school please do get in touch.
Saturday 13th May 2017, Leicester Square, London.
I was invited by ActivTrades and the Society of Technical Analysts to be one of the guest speakers at the ActivTrades event. I was joined by other market professionals over the course of the event to give the audience an insight into the psychology and mindset behind today’s trader.
I specifically looked at what causes destructive trading, the mindset of the successful trader and how the audience could improve their trading skills by improving their own psychology through the use of such tools as technical analysis and money management. We looked at how the market thinks using practical examples, and how people participate in the markets psychologically (along the way playing some games to get the point across) and how understanding both the markets and yourself is critical to your success. For those interested, the material used for my presentation,was based on my book #Trading Thought Mind Medicine for Traders & Investors.
Last week in Part 6, we looked at Equivolume. This week, we look at one of the more established and quite straight forward technical analytical approaches to gauging the sentiment of any given stock market: Market Breadth.
What is market breadth?
Market breadth is all about upward, downward and sideways movement and range, principally applied to stocks and their stock markets, to gain an understanding of whether the overall market is bullish, bearish or flat. The concept of market breadth is used to measure the ‘health’ of any given stock market. [Read more…]