‘STUDY TA...SOMEDAY WHEN YOU’RE TOO SLOW AS A BROKER, YOU’LL BE ABLE TO USE THIS TO EXTEND YOUR CAREER...’.


So…I started learning about TA, attending meetings, growing as an analyst, concentrating on the disciplines I liked/understood in this wide all-embracing church we call Technical Analysis...until I started to write my own pieces, articles and analysis. This was over thirty years ago and this has grown and metamorphosed into what is now the ‘Eddie’s Crayons...’ series of TA publications on various markets I produce today for ADM Investor Services International Limited (‘ADMISI’), the largest non-bank clearer in the UK, Europe and the World. These are freely available to clients and other interested parties.


I’ve been at ADMISI for close to thirty years, initially starting the Foreign Exchange Desk and running it successfully since 1991 until last year. Due to the increased exposure TA had both within and without ADMISI via social media, I was asked to start up a TA unit and in January 2018 I became Head of Technical Analysis & Senior Markets Analyst. In the middle of 2018 I was pleased to help the STA promote our 50th Anniversary reception at London’s Living Room in City Hall.  to serve on the Board of the STA. I was nevertheless very honoured,  past December as a Director and Executive Committee Member responsible for Marketing the STA.


So...this is my TA journey and where I currently stand...what’s next?


I’ve already mentioned how wide a ‘church’ TA is. We’ve followers of Dow, Elliott and Gann. We’ve lovers of Candlesticks, Point and Figure and Pattern Recognition...all with many years of solid data, pre-dating other analysis not just by decades but by centuries! For example, look to Japan at the work of Munehisa Homma in the mid 1700’s, arguably linked to earlier work in China and possibly as far back as  disciplines. We can even accept those using the ‘F’ word...dare I say it...fundamentals! We can accept fundamentalists, I’m sure there are many sincere, good people who follow ‘fundamentals’. My sadness is...we (Technicians) can accept them...yet so many cannot accept us. Whilst tolerant in other aspects of their lives, many show a malevolent streak when dealing with TA. ‘...Witchcraft...’ is one phrase my son heard recently used describing what I do...not nice! I can see at least part of my/our work will be to try to bring genuine love and tolerance to the minds of these hardened fundamentalists towards Technical Analysis. It may take some time!


Eddie Tofpik E: eddie.tofpik@admisi.com T: +44(0) 20 7716 8201


15 | ADMISI - The Ghost In The Machine | January/February 2019


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