2024 Volume 31 Issue 1

IN THIS ISSUE
1

President’s Report to Colleagues

2

Member News

5

2023 Bronwen Wood Award Winner

62023 John Brooks Memorial Award Winner

7

IFTA 2024 Conference – Hainan, China

8

Congratulations New CFTes!

8

Congratulations New MFTA!

9IFTA Journal 2024

10 Goodwill Ambassadors
11

Calendar-at-a-Glance

15 IFTA Journal Call for Submissions
16 IFTA Member Societies
16 IFTA Update Schedule
16 Board of Directors
16 IFTA Staff

a newsletter for the colleagues of the International Federation of Technical Analysts

President’s Report to Colleagues

Submission Deadline: 15 May
Education Lounge articles: Send
submissions to newsletter@ifta.org.
All other content: Send submissions toadmin@ifta.org.
Advertise in the UPDATE and reach morethan 7,000+ IFTA colleagues worldwide.
For more information, go to www.ifta.org.

International Federation of Technical Analysts
1300 Piccard Drive, Suite LL 14
Rockville, MD 20850 USA
Email: admin@ifta.org • Phone: +1 (240) 404-6508

Dear Colleagues,
It´s already several months since the IFTA 2023
Conference in Jakarta. Still, I am full of ideas on new
tools for analyzing the markets and finding profitable
investment opportunities. Still, I am discussing withnew and old friends from Jakarta about markets. And
still, I remember the fun we had, learning from industry colleagues andchatting while having coffee, lunch, or dinner. I know, events come andgo—what lasts is what we take from them, right?
Now, why am I talking about this and not markets? Because we humans
are the essence of the markets. Human interaction is the result of what
we see day-by-day on our screens. And human interaction is whatbrings people into each member society, and it is also the essence of
all conferences.

Next Issue: June 2024

The IFTA UPDATE is a publication of the International
Federation of Technical Analysts, Inc. www.ifta.org, a notfor-profit professional organization incorporated in 1986.

But, of course, IFTA is not only known for their conferences, IFTA is mostrecognized for the industry leading CFTe and MFTA certification and theexcellent and growing network of technical analysts all over the world.

Speaking of, I would like give a very warm welcome to our two new
developing members of IFTA: the South and Eastern Europe Market
Technicians Association (SEEMT) and the China Information Development
Technical Analysis Association (CIDTAA), which is also the host of theupcoming 37th IFTA conference in Hainan, China, October4–6, 2024.
Welcome, and I hope to see you at our next conference in Hainan!
Best regards,

Wieland Arlt
IFTA President

IFTAUPDATE 2024 Volume 31 Issue 1

page 2

Member News
Canadian Association for Technical Analysis(CATA)
I reported to IFTA readers twice in the past two years.
You may recall that I said both times: “There is a new kid
on the block”.
The Canadian Association for Technical Analysis – CATA
– has now been around 2 1/2 years in Canada. This is a
result of the former IFTA member, the Canadian Societyof Technical Analysts (CSTA) spinning off the non-professional members.
Now at the start of 2024, CATA is maintaining 60 paid and5 honorary members. CATA holds two monthly meetings
via Zoom. Unfortunately, CATA did not proceed with theplanned in-person national conference 14 October 2023
in Calgary, as there were attendance issues that it would
not work for our Calgary members and Calgary speakers.
The twice monthly meetings continue with the start at the
8 PM Eastern time zone. That has the structure of a presentation by a speaker, that leads to Q&A. The speakerand Q&A generally takes 2/3 of the two hour meeting.
The president presents a few minutes of greetings andadministration at the rough mid-point. The last half ofthe meeting is available for the attending members toopen their mike and enter into a live Q&A conversation
with our renowned speaker. In many meetings, the guest
speaker continues with chart questions and comments
posed by the individual members. In this second half ofthe meeting, two of our directors call up the charts, markthe charts, and host the discussion on what is happening.
The meeting will wrap up at the two-hour mark. By then,it’s pretty late throughout the country in six time zones.

I continue to be so pleased that a group of us were able toenact a plan for the non-professional chartists in Canada,
and that we have a viable structure continuing forward. In
the past year we have had 24 meetings in the 12 monthsof two meetings per month. We have had wonderful support from professionals who have been called to support
us. We look forward to the positive relationship with the
IFTA and individual IFTA members.
I have recognized previously in this column, 29 speakers
who have helped us in our first 18 months.
Thank you to the speakers that have helped us in 2023:
David Cox, Dwight Galusha, Don Vialoux, Scott Bennett,
Matt Caruso, Joe Rabel, Tom Bowley, Scott McGregor,
Justin Smythe, Mathew Petrallia, Jake Wujastyk, Jabir
Samji, Javid Mirza, Michael Lamothe, Bruce Fraser, Roman
Bogomazov, Pat Walker, Tyler Bullhorn, Tom McClellan,
David Keller, Dave Landry, Will Tamplin, Hap Sneddon,
Oliver Kell, Jeff Parent, and Mark Kelly.
Thank you again to past speakers & members of the IFTA
community, CATA members, and our board of directors.
Mark Soehner, MBA
President CATA
Mark.Soehner@Canadianata.org
9 February 2024

IFTAUPDATE 2024 Volume 31 Issue 1

page 3

Member News (cont'd)
China Information Development TechnicalAnalysis Association (CIDTAA)The China Information
Development TechnicalAnalysis A ssociation(CIDTAA) is a dynamic virtual research institution,functioning akin to a thinktank, that unites various
industry stakeholders
within China's technology
and innovation ecosystem. Jointly initiated andestablished by prominent entities including the China
Information Development Research Institute, the China
High-Tech Industry Promotion Society's Committee on
Technology Innovation Investment, the China Information
Industry Association's Informationization Promotion
Working Committee, Homily Group, and others, CIDTAA
operates at the intersection of China's national conditions
and global development trends.
CIDTAA's mission encompasses interpreting macro
data, analyzing industries, and conducting research ontechnology investment markets relevant to China's informationization and technological innovation. Our corefocus lies in exploring major economic issues within theframework of the "New Four Modernizations," aiming toprovide profound insights and professional guidance totechnology innovation investors, thus fostering the stability and healthy evolution of China's technology investment landscape. We uphold a commitment to scientific,
objective, and rigorous research methodologies, ensuring
the integrity and reliability of our findings.

Additionally, CIDTAA is dedicated to fostering mutual
exchanges among domestic and international organizations, industry experts, and scholars. We actively
engage in diverse forms of research cooperation, aiming to benchmark professionalism and uniqueness while
establishing high standards of industry ethics and values.

South and Eastern Europe Market
Technicians Association (SEEMT)SEEMT association was formed
from a group oftechnicians who
have the same
mission to promote technicalanalysis as a vital tool in the investment process.
Our vision is to be a leading organization for technicalanalysis in southern and eastern Europe, promoting thehighest standards of professional excellence and fostering a vibrant community of technical analysts.
Our goal is to advance the study and practice of technicalanalysis and to support the professional development ofour members. We want to improve the level of knowledge
and interest related to the trading in our region and bringunique content in a unique structural way.
We will use our knowledge and experience to educate
and introduce our members into the trading world,
encourage logical thinking, creativity and do our own
research as a part of the process in trading and investing.
We aim to achieve these goals by organizing online andoffline courses, workshops, webinars and seminars. We
are still at the beginning and there is a lot of work in frontof us. But one step at a time—or, as people ask, “How doyou eat an elephant?” One bite at a time.
I must add that developing an association in this region
is a big challenge. Our markets are not developed, lesssophisticated, and the mentality of people in this region
is different.
We had our first conference in Skopje, Macedonia. I would
like to give special thanks to Trevor Neil, David Linton,
Eddie Tofpik, and Patrick Pfister who gave their unconditional support and contribution for the success of theconference. We had a lot of fun and enjoyed it together.
We will continue to promote the association and ournext conference is scheduled for 6th and 7th of June in
Ljubljana, Slovenia. We invited a lot of speakers from allaround Europe, and I believe it will be the first of its kind,
where there will be both presentations and workshops.
I strongly believe that we can make this happen and that
our SEEMT will be the leader in teaching and sharing
qualitative knowledge in our region. With like-mindedpeople on the same mission, there is no way that we will
not reach our goal.
Snezhana Popovska,
President

IFTAUPDATE 2024 Volume 31 Issue 1

page 4

Member News (cont'd)
The Society of Technical Analysts (STA)
Our main news is that on April 16, 2024, the STA will behosting its second Technicals to Trading Systems hybrid
conference, taking place in the City of London and Online,
9.00am-5.30pm BST.
We are delighted that IFTA members are able to attend
this event at the discounted member rate.
Take this unique opportunity to see and hear specialists
who have been known to innovate and challenge theprofession, and quantitative specialists who can providea systems/structure to enhance the technical analysis
discipline.
Our expert speaker panel includes:
Linda Bradford Raschke, Founder LBR Group, author,
system developer and commodity trading advisor (via
Virtual Link)
Victor Kouzmanov, Head of the Systematic Energy Book,
Freepoint Commodities
David Linton, CEO, Updata
Alan Dunne, Founder & CEO, Archive Capital
Stephen Hoad, Founder & CEO, The Stop Hunter
Trevor Neil, Fund Manager, Consultant Technical Analyst& Institutional Trader
Jason Ramchandani, Lead Developer Advocate, Refinitiv an LSEG Business

Victoria Scholar, Head of Investment, interactive investor
Elizabeth Miller, Lead Commodity & Macroeconomic
Analyst, Mars Chocolate UK & Wrigley UK
Rustam Lam, CEO, TradeStation International
Matthew Buxton, Co-founder and CEO, FTP Capital
Adam Hartley, Director, SnapDragon Systems
Eddie Tofpik, Head of Technical Analysis, ADMISIClick here to learn more and register your place now tojoin us there—either in-person or Online. This is one event
you will not want to miss!

IFTAUPDATE 2024 Volume 31 Issue 1

page 52023 Bronwen Wood Award WinnerThis award is presented to the candidate who had the best Certified Financial Technician (CFTe) paper for the year.

Simon Hofmann, CFTe

Diedorf, Germany
simon.oggenhof@hotmail.com
Member of: Vereinigung Technischer Analysten Deutschlands e.V.
Simon Hofmann holds a Bachelor of Arts (BA) in international
management from Augsburg University of Applied Sciences.
He also has the additional qualification of a financial analyst.
After completing his studies, he joined the banking industry
as a portfolio manager in the asset management departmentof a medium-sized bank in Munich. He is responsible for the
management of an equity fund and other asset management tasks.
Simon uses technical analysis as an important tool in the selection of stocks and investment ideas, which are evaluated on the basis of promising fundamental and macroeconomic data.

In Memory of Bronwen Wood

Past winners of the award:

Bronwen Wood was one of the founding board members of IFTA’s Societyof Technical Analysts (STA). She wasinstrumental in developing both the CFTe
Diploma Examination and the preparatory courses for the examination. She
wrote and graded all papers in the earlyyears. Ms. Wood was a great technicalanalyst, rated one of the best by her
peers, particularly for her work on theequity indices and individual shares. For
both her contribution to education andher outstanding analytical skills, she wasmade a fellow of the STA in 1993. Ms.
Wood was also a long-standing member of the IFTA board in various capacities. Through this connection, she wasrespected worldwide as an outstanding
technical analyst and an expert in theteaching of technical analysis.

2022 Prof. Dr. Thomas Kunz, CFTe
2021 Thomas Brenning, CFTe
2020 No award given.
2019 Ryan Jin Rong Toh (Singapore)2018 Klaus Horn, CFTe (Germany)
2017 No award given.
2016 Ruslan Mikhailov, CFTe (Russia)
2015 Lorenz Ulrich Weidinger, CFTe
(Germany)
2014 Jörg Rühlicke, CFTe (Germany)2013 Sebastien Duhamed, CFTe (France)
2012 Jean-Francois Owczarczak, CFTe
(Switzerland)
2011 Muhamad Makky Dandytra, CFTe
(Indonesia)
2010 Manasi Kumbhat, CFTe (UAE)2009 Hisham Abdullah A. AlQuohi, CFTe
(Saudi Arabia)
2008 Tamar Gamal Eldin Hassan, CFTe
(Egypt)IFTAUPDATE 2024 Volume 31 Issue 1

page 62023 John Brooks Memorial Award WinnerThis paper is presented for the best Master of Financial Technician (MFTA) research paper written each year.

Edzard Wiener, Ph.D., CFTe, MFTA

Berlin, Germany
edzard.wiener@hotmail.de
Member of: Vereinigung Technischer Analysten Deutschlands e.V.

MFTA Research Paper Title: The Impact of Machine Learning and Computer
Vison to Predict an Opening Range Breakout on E-Mini S&P 500
Dr. Edzard Wiener holds a master’s degree in physics and a
PhD in medicine, specializing as a senior physician in neuroradiology with a significant focus on artificial intelligence,computer vision, and neuroscience. Since 2018, Dr. Wiener
has established a specialized position for himself in the fieldof technical analysis. He offers a unique mix of academic andpractical expertise in physics, neuroscience, and trading.
He has investigated various aspects of market behavior,data science, artificial intelligence, and neural networks. His
intense involvement in exploring the synergy between data
science and trading has not only expanded his professional horizon but also contributed
extensively to his success as a private trader over the past five years. He is recognized
for merging traditional trading methodologies with cutting-edge AI and data analysis,
thereby fostering a blend of human and artificial intelligence in understanding market
movements. His innovative indicators offer promising avenues for understanding andpredicting significant price movements. In 2022, Dr. Wiener obtained the Certified
Financial Technician (CFTe) designation and further strengthened his credentials in
2023 by acquiring the Master of Financial Technical Analysis (MFTA), underscoring his
profound expertise and commitment in technical analysis.

In Memory of John Brooks

Past winners of the award:

John Brooks was a highly respected technical securities analyst who worked at severalof the prominent Wall Street firms, including
Edwards & Hanley, Robinson Humphrey, andLowry Research, where he served as senior vicepresident and senior analyst.

2022 No award given

During his long and distinguished career, John
was the co-founder and past president of theMarket Technicians Association (MTA) andwas one of the first recipients of the Chartered
Market Technician (CMT) designation in the
United States. In 1985, he co-founded theInternational Federation of Technical Analysts(IFTA) and served as chairman from 1996
to 1998. As the long-time chairman of theMarket Technicians Association Educational
Foundation, John was instrumental in establishing accredited college-level courses in technicalsecurities analysis in many universities.

2019 Kersten Wöhrle, MFTA (Germany)

John was also a co-founder of the American
Association of Professional Technical Analysts(AAPTA) and served on its board of directors.
John authored the highly regarded book
Mastering Technical Analysis, publishedby McGraw-Hill in 2005. His many awards
include the prestigious Market Technicians
Association Award for Outstanding Contribution
to the Field of Technical Analysts and theTechnical Securities Analysts Association of
San Francisco’s Lifetime Award for Outstanding
Achievement in Technical Analysis. In recognition of his support of technical securities analysis throughout the world, John was also nameda Fellow of the British Society of TechnicalAnalysts (STA).

2021 Davide Pandini, PhD, CFTe, MFTA,
CMT
2020 Shinji Okada, CMTA, CFTe, MFTA
(Japan)2018 Dr. Oliver Reiss, CFTe, MFTA
(Germany)
2017 Alexander Spreer, MFTA, CIIA,
CEFA, CFTe (Germany)
2016 Tomoya Suzuki, Ph.D., MFTA
(Japan)2015 Miyoko Nishimura, CMTA, CFTe,
MFTA (Japan)
2014 Adam Cox, MFTA (New Zealand)
2013 Alex Neale, MFTA (United Kingdom)2012 Yoshinobu Sakai, CFTe, MFTA
(Japan)2011 Stephan A. Belser, CFTe, MFTA
(Germany)
2010 Mohamed Elaasar, MFTA (Egypt)2009 Pavlos Theodoulos Ioannou, MFTA,
CFTe (Cyprus)
2008 Francesco Caruso, MFTA
(Switzerland)

IFTAUPDATE 2024 Volume 31 Issue 1

SAVE THE DATE!
IFTA 2024 Conference –Hainan, China
Welcome to the 2024 IFTA Annual Conference, hosted by
the China Information Development Technical Analysis
Association (CIDTAA). Here are the key details:
Dates:• 3 October: Annual General Meeting & Board Meeting• 4–6 October: IFTA Annual Conference
Explore cutting-edge developments in technical analysis
and engage with industry leaders during this multi-day
event. Don’t miss the chance to be part of insightful discussions and networking opportunities.
For more information, stay tuned for updates or contact
us at admin@ifta.org.
We look forward to seeing you in Hainan for an enriching and inspiring experience at the 2024 IFTA Annual
Conference!

page 7

IFTAUPDATE 2024 Volume 31 Issue 1

page 8Congratulations New CFTes!

Congratulations New MFTAs!

Karim Abu-Subhieh
Amro Abualkair
Seiji Adachi (NTAA)
Abdullah Alotaibi
Saud Alshammari
Ahmad Ridhwan Anuar (STA)
Shunsuke Arimura (NTAA)
Takayuki Asano (NTAA)
Sharifah Khaidah binti Syed Sahab (STA)
Robert Cedar
Wassim Chiadli (STA)
Bruce DeVault
Alexander Douglas
Etienne Dubi
Ryutaro Fujimaki (NTAA)
Krishnendu Ghosh
Ravi Prakash Hingorani
Aung Htay
Haruka Iwasa (NTAA)
Sudhanshu Joshi
Mamoru Kawashima (NTAA)
Ashish Khajanchi
Osamu Koyama (NTAA)
Yoshihide Kozu (NTAA)

Nashwan Mohammed AlthawrLoïc Bellina (AFATE)

Irene Lenzini
Rajat Mehrotra
Kenji Miura (NTAA)Yash Modani
Shigekazu Nakamura (NTAA)
Takashi Oikawa (NTAA)
Naoto Ooi (NTAA)
Nana Ozaki (NTAA)
Hideaki Ozawa (NTAA)
Vashisth Pandya
Pratik Patil
Cynthia Pietryka
Sebastian Rasinsky
Nicole Patrick Regala
Rupesh Singh
Varunesh Singh
Mudit Somani
Parth Sood
Mukmirin Srininwan
Brad Stych
Koji Sugihara (NTAA)David Walker
Yeong Ming Yew

Jacob Flumerfelt
Nobuaki Kakimoto (NTAA)MFTA and CFTe Dates
Certified Financial Technician (CFTe)–Level I

2024-2025

Date

Offered Year-roundSee our website for further instructions ifta.org/cfte-i-application/
Syllabus and Study Guide ifta.org/wp-content/uploads/2023/08/2023_08_11_IFTA_Syllabus_V20.pdf

Certified Financial Technician (CFTe)–Level II

2024-2025

Exam dates

11 Apr 2024

24 Oct 2024

Registration deadline

7 Mar 2024

12 Sep 2024

Register at ifta.org/application-forms/cfte-ii-application/
Syllabus and Study Guide ifta.org/wp-content/uploads/2023/08/2023_08_11_IFTA_Syllabus_V20.pdf
For more information on the CFTe program, visit www.ifta.org/certifications.

Master of Financial Technical Analysis (MFTA)

2024-2025

Alternative Path Pre-Application Deadline

28 Feb 2024

Application/Outline Deadline

2 May 2024

2 Oct 2024

Paper Deadline

15 Oct 2024

15 Mar 2025

(Session 1) Register at ifta.org/application-forms/mfta-application-session1/(Session 2) Register at ifta.org/application-forms/mfta-application-session-2/

31 July 2024

IFTAUPDATE 2024 Volume 31 Issue 1

IFTA Journal 2024 – Now Available!
We are pleased to announce that the 2024 IFTA Journal is now available for viewing and download from the
IFTA website. Please share with your society colleagues and/or post to your website.
"...It is therefore important that we do our part to promote friendship, cooperation, and togetherness in our sector..."—Dr. Rolf Wetzer, CFTe, MFTA, Journal Editor

Inside this Issue:
MFTA Paper
 The Impact of Machine Learning and Computer Vision to Predict an Opening Range Breakout on E-Mini S&P
500, By Edzard Wiener, PhD, MFTA, CFTe
Articles The Impact of Freely Accessible Large Language Models on Market Sentiment Monitoring, By Andrea Bolognesi
 Multiple Regression Analysis, By Davide Pandini, PhD, MFTA, CFTe, CMT, CSTA
 Minute-Generated Price Values for Time Series Analysis, By Christoph T. Wildensee, PhD, MFTA
 Validation of a Trading System: Monte Carlo Analysis Applied to the IS & OOS Architecture, By Michael
Trequattrini, CSTA
NAAIM Papers
 The 5% Canary, By Andrew Thrasher, CMT
Book Review
 Encyclopedia of Chart Patterns, by Thomas N. Bulkowski, Reviewed by Regina Meani, CFTe

”Even if I knew that tomorrow the world would go to pieces, I would still
plant my apple tree”—Martin Lutherpage 9

IFTAUPDATE 2024 Volume 31 Issue 1

Goodwill Ambassadors
Our es teemed G oodwill
Ambassadors proudly represent the International
Federation of TechnicalAnalysts (IFTA) on the globals t a g e. T h i s p re s t i g i o u s
appointment is duly acknowledged and endorsed by the
IFTA Board of Directors, as a
gesture of gratitude and recognition for their exemplary dedication in advancing theelevated standards, proficiency, and application of technical analysis.

page 10

Advanced
tools fortraders of
all levels

In addition to championing the principles of TechnicalAnalysis, IFTA’s Goodwill Ambassadors play a pivotal
role in fostering a tighter-knit international community ofTechnical Analysts, a mission integral to the character of
the IFTA.
Paul McLaren, CFTe, MSTA LinkedIn
Trevor Neil, FSTA, MCSI, ACI-UK LinkedIn
Indrawijaya Rangkuti, MBA, CTA LinkedIn
The Board of Directors will periodically select an IFTA
Goodwill Ambassador at their discretion. Moreover, any
affiliated Member Society or Association of IFTA may also
nominate a candidate for the role of International Goodwill
Ambassador by sending an email to IFTA.

Get a 1-month free trial at MetaStock.com/ifta
082322 IFTA Journal Ad 13x13.indd 1

8/23/2022 10:50:26 AM

IFTAUPDATE 2024 Volume 31 Issue 1

page 11

Calendar-at-a-Glance
Date

Topic

Host

Speaker

Location

Time

ContactMonthly Monthly Meetings are held monthly in nine cities across Australia. All monthly
meetings are free to members. Visitors are welcome to attend. Bookings are
not required. Visitors are welcome, first visit free.

ATAA

VariesVaries, or online

Variesataa.asn.au/

Monthly Meets monthly on second Tuesday and fourth Thursday

CATA

VariesVia Zoom

8:00 PM US canadianata.ca/
Eastern Time
Zone

Monthly Presentations from local and international speakers on a comprehensive range of
topics (e.g., sharemarket, CFDs, options, futures, FOREX trading, methodologies,
money management, psychology).

STANZ

VariesVaries, or online

Variesstanz.co.nz/

Monthly Monthly Meetings & Events: The STA holds monthly meetings in London, usuallyon the second Tuesday of every month, except for a summer break in August.

STA

STA Varies One Moorgate
Place, Chartered
Accountants Hall,
1 Moorgate Place,
LondonOnline or
One Moorgate Place,
Chartered Accountants Hall,
1 Moorgate Place
LondonVarieswww.technicalanalysts.com/
meetings/

2024
Date

Topic

Host

Speaker

Location

Time

Contact

Mar

28

Canadian Association for Technical Analysts (CATA) Meeting and AGM

CATA

Keith Richards

Online8:00 PM US/
CA Eastern
Time Zone

canadianata.ca/content.aspx?page_
id=4002&club_id=71614&item_
id=2192739

Apr

9

STA Monthly Meeting

STA

NA

via Webinar

6:30 PM BST www.technicalanalysts.com/meetings

9

Canadian Association for Technical Analysts (CATA) Meeting and AGM

CATA

Joe Rabil

Online8:00 PM US/
CA Eastern
Time Zone

canadianata.ca/content.aspx?page_
id=4002&club_id=71614&item_
id=2235563

11

Certified Financial Technician (CFTe) Level II Examination

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

16

Technicals to Trading Systems Conference 2024–From Classic Charting STA
to AI Developments

Varies

1 Moorgate Place, London EC2R 6EA

9:00
am–5:30 pm
BST

www.eventbrite.co.uk/e/technicals-to-trading-systemsconference-2024-tickets737017117037?aff=oddtdtcreator

IFTAUPDATE 2024 Volume 31 Issue 1

page 12

Calendar-at-a-Glance (Continued)
Date
Apr

May

Topic

Host

Speaker

LocationTime

25

STA (UK) Diploma, Part 2 Examination

STA

NA

OnlineTo beannounced

25

Canadian Association for Technical Analysts (CATA) Meeting and AGM

CATAJohn Vialoux

Online8:00 PM US/
CA Eastern
Time Zone

canadianata.ca/content.aspx?page_
id=4002&club_id=71614&item_
id=2235566

1

Certified Financial Technician (CFTe) Level II - registration opens for
October examination through IFTA website.

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

2

Master of Financial Technical Analysis (MFTA) Session 1 application,
outline and fees deadline

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

14

Canadian Association for Technical Analysts (CATA) Meeting and AGM

CATA

Chase Taylor

Online8:00 PM US/
CA Eastern
Time Zone

canadianata.ca/content.aspx?page_
id=4002&club_id=71614&item_
id=2235569

15

IFTA Update submission deadline for all news content (mid-June
release)

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

23

Canadian Association for Technical Analysts (CATA) Meeting and AGM

CATA

Brook Thackray

Online8:00 PM US/
CA Eastern
Time Zone

canadianata.ca/content.aspx?page_
id=4002&club_id=71614&item_
id=2235572

31

IFTA Journal Call for Submissions Deadline

IFTA

NA

NA

NA

ifta.org/wp-content/
uploads/2020/02/d_ifta_journal_
call_for_sub.pdf

Jun
Jul

Contact

No events scheduled for June at this time1

STA (UK) Diploma, Part 1 Examination

31

Master of Financial Technical Analysis (MFTA) Alternative Path, Session
2 application deadline

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

Aug

15

IFTA Update submission deadline for all news content (mid-September
release)

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

Sep

12

Registration deadline for CFTe II on 24 October 2024

IFTA

NA

19

STA (UK) Diploma, Part 2 Examination

STA

NA

Zoom

To be
announced

www.technicalanalysts.com/
education/sta-courses/#course2details

2

Master of Financial Technical Analysis (MFTA), Alternative Path, Session IFTA
2 application deadline

NA

NA

NA

admin@ifta.org; www.ifta.org

3

Annual General Meeting (AGM) / IFTA Board Meeting

IFTA

NA

Hainan, China

Variesadmin@ifta.org

4-6

IFTA Annual Conference, hosted by CIDTAA (China)

CIDTAA

VariesHainan, China

Variesifta.org/ifta-2024-conference-hainan

15

Master of Financial Technical Analysis (MFTA), Session 1 paper deadline IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

20

STA (UK) Diploma, Part 2 Examination

NA

Zoom

To be
announced

www.technicalanalysts.com/
education/sta-courses/#course2details

Oct

STA

IFTAUPDATE 2024 Volume 31 Issue 1

page 13

Calendar-at-a-Glance (Continued)
Date

Topic

Host

Speaker

Location

Time

Contact

Oct

24

Certified Financial Technician (CFTe) Level II Examination via Zoom

IFTA

NA

Zoom

To be
announced

admin@ifta.org; www.ifta.org

Nov

15

IFTA Update submission deadline for all news content (mid-December
release)

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

Dec

1

Journal 2025 Web Publication

IFTA

NA

NA

NA

ifta.org/publications/journal

2

STA (UK) Diploma, Part 1 Examination

STA

NA

Zoom

To be
announced

www.technicalanalysts.com/
education/sta-courses/#course2details

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2025

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15

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release)

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28

Master of Financial Technical Analysis (MFTA), Alternative Path, Session IFTA
1 application deadline

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Registration deadline for CFTe II on 24 April 2025

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Master of Financial Technical Analysis (MFTA), Session 2 paper deadline IFTA

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WHAT WILL IT COVER?

Balance professional development and yourpersonal life with the STA Home Study Course©
WHY PURCHASE THE HOME STUDY COURSE?
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IFTAUPDATE 2024 Volume 31 Issue 1

page 15

CALL FOR SUBMISSIONSThe IFTA Journal is an annual publication establishedby the International Federation of Technical Analysts. It
is collated by a committee of IFTA colleagues. The IFTA
Journal is essential reading for academics, students, andpractitioners of technical analysis in all arenas. It contains
a wealth of resource material and is an excellent reference for anyone interested in technical analysis.

Credibility and Recognition

The IFTA Journal is the only international journal withoriginal contributions from all continents covering developments in technical analysis in global markets. The
Journal reaches leading practitioners and students oftechnical analysis throughout the world.
The IFTA Journal is a major professional resource. Itsarchival online publication on the IFTA website will makeyour original work available as a future resource to theworldwide community of technical analysts.

TopicsIFTA is seeking papers that cover developments impactanalysis; they may be drawn from such areas as:• Basic market analysis techniques• Indicators—sentiment, volume analysis, momentum, etc.
• Global and intraglobal technical analysis• Styles of technical analysis• Data• The changing role of technical analysis in the investment community
We would especially like to see contributions that draw
from areas not previously examined and/or topics tangential to technical analysis.
The above list is just a guide and should in no way beconsidered restrictive. We wish to make the Journal
open to new and innovative ideas from all areas of technical analysis and those that connect with it.

Submitting Contributions

Licenses and CopyrightLanguage

We may publish online. We require that you place yoursubmission under the Creative Commons AttributionNonCommercial 3.0.

Writing Style

Unless another license is noted, we will assume thatyour contribution is under this license.

Registration and submission of contributions is online
via http://www.ifta.org, or by email to the editor at journal@ifta.org.
Contributions must be submitted in English, with British
grammar required.
Pa p e r s s h o u l d b e w r i t t e n i n a t h e s i s s t y l e.
A guidance can be found at the following link:
MFTA_Thesis_IFTA%20Journal_Guide.pdf

Referencing

All texts referred to in the paper must be appropriately
referenced in a list of "References" at the end of the
text. Further all notes are to be included as endnotes("Notes"). A Bibliography is not to be included.
The author is responsible for the accuracy of referencesand quotations. We expect the author to check themthoroughly before submission.

Figures, Charts, and Tables
number and source. Tables must be referred to by table
number and source.

Length of Contribution

Papers should be approximately 1,200 to 3,000 words,
with supporting graphs and charts.

FormatWe ask for submissions in MS Word or other text format,
as well as a PDF. Charts and graphs may be in .GIF or.JPG, but we ask that authors also keep a .TIF format
in case it is required for printing purposes. An Excel
spreadsheet supporting your submission may also be
included.

We require all submissions to include the author’s signature on the Publication Agreement at the end of thisdocument.

Editorial Timeline
DecemberCall for papers distributed

May 31

Deadline for all submissions

May 31

Papers distributed for review

July 31

Reviewer’s comments returned to editor

August 15

N

August 31

Submission to printerOctoberWorldwide distribution

December

Web publication

For more information, see our website
www.ifta.org/publications/journal/.

IFTAUPDATE 2024 Volume 31 Issue 1

IFTA Member Societies

AUSTRALIA—ATAA Australian Technical Analysts Association www.ataa.asn.au
CANADA—CATA* Canadian Association for Technical Analysis www.canadianata.ca
CHINA–CIDTAA* China Information Development Technical Analysis Association
EGYPT—ESTA Egyptian Society of Technical Analysts www.estaegypt.org
FRANCE—AFATE Association Française des Analystes Techniques www.afate.com
GERMANY—VTAD Vereinigung der Technischer Analysten Deutschlands e.V. www.vtad.de
HONG KONG—FTAA Financial Technical Analysts Association www.ftaa.org.hk
INDIA—ATA Association of Technical Analysts www.tataindia.org
INDONESIA—AATI Asosiasi Analis Teknikal Indonesia www.aati.my.id
ITALY—SIAT Società Italiana di Analisi Tecnica www.siat.org
JAPAN—NTAA Nippon Technical Analysts Association www.ntaa.org.jp
LEBANON—LSTA Lebanese Society of Technical Analysts www.lstalebanon.com
MALAYSIA—MATA Malaysia Malaysian Association of Technical Analysts www.matamalaysia.org
NEW ZEALAND—STANZ Society of Technical Analysts of New Zealand www.stanz.co.nz
NORTH MACEDONIA–SEEMT* South and Eastern Europe Market Technicians Association www.seemt.org
PHILIPPINES–STAP* Society of Technical Analysts Philippines www.staphilippines.org
SCANDINAVIA—STAF Skandinaviens Tekniska Analytikers Förening www.staf.nu
SINGAPORE—TASS Technical Analysts Society (Singapore) www.tass.org.sg
SOUTH AFRICA—TASSA Technical Analysts Society of Southern Africa www.tassa.org.za
SPAIN—IEATEC Instituto Español de Analistsas Técnicos y Cuantitativos www.ieatec.es
SWITZERLAND—SAMT Swiss Association of Market Technicians www.samt-org.ch
UNITED KINGDOM—STA Society of Technical Analysts Ltd. www.technicalanalysts.com
USA—TSAASF Technical Securities Analysts Association www.tsaasf.org
USA—AAPTA American Association of Professional Technical Analysts www.aapta.com*Developing Society

IFTA Update Schedule

The IFTA Update is the quarterly electronic newsletter of the International Federation of TechnicalAnalysts, reaching more than 7,000+ IFTA colleagues worldwide. The Update is an efficient and costeffective way to communicate with IFTA’s member societies and colleagues.

PUBLICATION SCHEDULE
June Issue

All content due May 15

September Issue

All content due August 15

December Issue

All content due November 15

March Issue

All content due February 15

Send Education Lounge article submissions to newsletter@ifta.org. Send all other content to admin@ifta.org.
For more information and to advertise, visit our website: www.ifta.org/publications/newsletter/.

page 16

Board of Directors
President Wieland Arlt, CFTe (VTAD)
wieland.arlt@ifta.org
Treasurer Karin Roller, CFTe (VTAD)
karin.roller@vtad.de
Secretary and Membership Director Warren Murnane, Dip TA, CFTe, ST & I (Wealth Within) (ATAA)
warren.murnane@ataa.asn.au
Vice President Middle East and Africa Tamer Gamal, CFTe (ESTA)
tgamal@gmail.com
Vice President Europe, Website Director David Watts, BSc (Hons) CEng MICE MIWEM, FSTA (STA)
Dwatts360@gmail.com
Vice President Asia-Pacific Hiwon Yoon, Ph.D., CMTA (NTAA)
yoon@cmdlab.co.jp
Vice President The Americas, Webinar Director Bruce Fraser (AAPTA)
rdwyckoff@me.com
Development Director Indrawijaya Rangkuti, MBA, CTA (AATI)
Indra.senna@gmail.com
Education Director Saleh Nasser, CMT, CFTe (ESTA)
snasser72@gmail.com
Examination Director Gregor Bauer, Ph.D., CFTe, (VTAD)
gregor.bauer@vtad.deMarketing Director Eddie Tofpik, MSTA (STA)
Eddie.Tofpik@admisi.com
Institutional Director Alessandro Greppi, Ph.D. (SIAT)
greppi.alessandro01@gmail.com
Quant Director Giovanni Trombetta, CFTA, Electronic Engineer (SIAT)
giovanni.trombetta@gandalfproject.com
NonInstitutional Director Shinji Okada, CMTA, CFTe, MFTA (NTAA)
shinjiokadaresearch@gmail.com
Digital Media Director Ron William, MSTA, CFTe, MSTA, CFTe (SAMT)
roniwilliam@gmail.com

Staff

Executive Director Linda Bernetich, CAE
Director of Marketing Melissa Graham, MBAManaging Editor Heather Rigby
Production Manager Jansen Vera
Director of Accounting Services Dawn Rosenfeld

IFTA HEADQUARTERS
International Federation of Technical Analysts
1300 Piccard Drive, Suite LL 14
Rockville, MD 20850 USA

Phone: +1 240-404-6508
Fax: +1 301-990-9771
Email: admin@ifta.org