2023 Volume 30 Issue 4

IN THIS ISSUE
1

President’s Report to Colleagues

2

IFTA 2023 Conference

25 TA for Institutional Investors Call for Papers

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

President’s Report to Colleagues

27 Calendar-at-a-Glance
29 2023 IFTA Board of Directors Nominations
31 Congratulations New CFTes!
31 ATAA 2023 National Conference
34 Society News
37 IFTA Member Societies
37 IFTA Update Schedule
37 Board of Directors
37 IFTA Staff

Dear Colleagues,
While this summer is coming to an end, I continue mytravels through the worldand keep on visiting IFTA
member Societies.
As I write this, I am in Egypt visiting the Egyptian
Society of Technical Analysts (ESTA), andwhere I am part of the ceremony awarding
certificates earned from the Certified Financial
Technician (CFTe) and Certified ESTA TechnicalAnalyst (CETA) exams.

Next Issue: December 2023
Submission Deadline: 15 November
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.

This is not the first time that I have had thehonor of being part of such a ceremony. I also
had the honor to be there when the certifications were awarded in Kuala Lumpur.
Here is what I have learned from these events:
The CFTe exam and certificate is a highlightin the career of technical analysts and opens

the door to unexpected opportunities in thefinancial industry. But that’s not the only takeaway so far. I also learned that there’s a growing number of women entering the financial
industry and becoming financial techniciansby passing the exam.
Therefore, the CFTe certificate opens not only
new opportunities in the financial industry but
also helps everyone interested in our profession. And travelling the world and meeting dearcolleagues everywhere once again reminds
me what we like to say at IFTA—Where Market
Technicians from Around the World Speakthe Same Language. It couldn’t be more true.
I would like to take the opportunity to invite you
to our upcoming IFTA conference in Jakarta. It
will be held October 5–7, and we will host someof the most recognized experts and speakers
from our industry. So, get your tickets now
and join us when the International Federationof Technical Analysts meets once again as

The IFTA UPDATE is a publication of theInternational Federation of Technical Analysts, Inc.
www.ifta.org, a not-for-profit professionalorganization incorporated in 1986.
International Federation of Technical Analysts
1300 Piccard Drive, Suite LL 14
Rockville, MD 20850 USA
Email: admin@ifta.org • Phone: +1 (240) 404-6508

IFTA2023

Annual General Meeting
Wednesday, 4 October 2023
4:00 pm-5:30 pm (local time)

Grand Sahid Hotel
Jakarta, Indonesia
All IFTA colleagues are encouraged
and invited to attend. For further
information, contact IFTA staff.
colleagues, friends, and family! I can’t wait towelcome you in Jakarta! .
Best regards

Wieland Arlt
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&IQNGG^2( 'JKTWJJFHMQZSHMGWJFPIFTAUPDATE 2023 Volume 30 Issue 4

page 25

International Federation of Technical Analysts (IFTA)

Technical Analysis for Institutional Investors CALL FOR PAPERS
Technical Analysis for Institutional Investors is a publication established by the International Federation ofTechnical Analysts (IFTA). It is compiled by a committeeof IFTA colleagues. Technical Analysis for Institutional
Investors is an essential reading for academics, students,
and practitioners of technical analysis in institutional
portfolio management and trading. It contains a wealthof resource material and is an excellent reference foranyone interested in technical analysis.
Technical Analysis for Institutional Investors is the onlyinternational publication with original contributions fromall continents covering developments in technical analysis
in global markets. The publication reaches leading practitioners and students of technical analysis throughout
the world.
Technical Analysis for Institutional Investors is a major
professional resource. Its archival online publication on
the IFTA website will make your original work available asa future resource to the worldwide community of technical analysts.
IFTA is seeking papers that cover developments impacting, either directly or indirectly, the field of technical analysis focusing on institutional portfolio management andtrading; they may be drawn from such areas as:






Market analysis techniques
Global and intraglobal technical analysis
Styles of technical analysis
Commodities and energy trading
Intermarket analysis

 Stocks/bond screening
 Dynamic Asset allocation
 Strategies (i.e., sector rotations…)

The author is responsible for the accuracy of referencesand quotations. We expect the author to check them thoroughly before submission.

We would especially like to see contributions that draw
from areas not previously examined and/or topics tangential to technical analysis.

Figures, Charts, and Tables

The above list is just a guide and should in no way beconsidered restrictive. We wish to make the publication
open to new and innovative ideas from all areas of technical analysis and those that connect with it.

Submitting Contributions

Registration and submission of contributions is online via
www.ifta.org or by email to the editor at institutionals@
ifta.org.

LanguageContributions must be submitted in English, with British
grammar required.

Writing Style

Papers should be written in a thesis style. Guidance
can be found at the following link: www.ifta.org/public/
files/publication-downloads/ MFTA_Thesis_IFTA%20
Journal_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.

Illustrations and charts must be referred to by figure
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 incase it is required for printing purposes. An Excel spreadsheet supporting your submission may also be included.

Licenses and Copyright

We require all submissions to include the author’s signature on the Publication Agreement at the end of thisdocument.
We may publish online. We require that you place
your submission under the Creative Commons
AttributionNonCommercial 3.0.
Unless another license is noted, we will assume that yourcontribution is under this license.

Continued on page 26

IFTAUPDATE 2023 Volume 30 Issue 4

page 26

Technical Analysis for Institutional Investors continued

Editorial Timeline
31 Oct 2023

Deadline for all submissions

31 Oct 2023

Papers distributed for review

31 Dec 2023

Reviewer’s comments returned to editor

15 Jan 2024

Notification of acceptance/rejection

31 Jan 2024

Submission to printerApril 2024

Worldwide distribution

June 2024

Web publication

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

Selection of Contributions

Contributions are selected by the Editorial Committee
based on their content. Please understand that we cannot accept all contributions. Selection depends on thenumber and quality of the submissions and the editor’sfindings. Selections are not negotiable.

Remuneration
IFTA is organised and operated by volunteers and supported by its members. We ask that you understand wewill not be able to pay for contributions.

Questions

For more information, please contact
institutionals@ifta.org.

IFTAUPDATE 2023 Volume 30 Issue 4

page 27

Calendar-at-a-Glance
Month

Topic

Host

Speaker

Location

Time

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

ATAA

VariesVaries, or online

Varieswww.ataa.asn.au

Monthly

Meets monthly on second Tuesday and fourth Thursday

CATA

VariesVia Zoom

8:00 PM Eastern
Time Zone

www.canadianata.ca

Monthly

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

STANZ

VariesVaries, or online

Varieswww.stanz.co.nz

MonthlyMonthly Meetings & Events: The STA holds monthly meetings in
London, usually on the second Tuesday of every month, except fora summer break in August.

STA

STA Varies One Moorgate
Place, Chartered
Accountants Hall,
1 Moorgate Place, London

Online or One Moorgate Place,
Chartered Accountants Hall,
1 Moorgate Place, London

Varieswww.technicalanalysts.com/
meetings

2023
Month

Day

Topic

Host

Speaker

Location

Time

Contact

October2

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

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

4

Annual General Meeting (Held at IFTA’s 36th Annual Conference inJakarta & via Zoom)

IFTA

NA

Zoom/ Jakarta (In-Person)

To be announced

admin@ifta.org; www.ifta.org

5–7

IFTA 36th Annual Conference (Hosted by AATI, Jakarta, Indonesia)

IFTA/AATI

Varies15

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

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

19

Certified Financial Technician (CFTe) Level II Examination via Zoom

IFTA

NA

Zoom

To be announced

admin@ifta.org; www.ifta.org

20

STA (UK) Diploma, Part 2 Examination

STA

NA

Zoom

To be announce

www.technicalanalysts.
com/education/
sta-courses/#course2-details

2022

ATAA (Australia) National Conference:
Market Conquest-Tech and Tools for Success

ATAA

VariesThe Sheraton Grand Hotel,
Hyde Park, Sydney

To be announce

https://ataa.asn.au

November

15

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

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

December

4

STA (UK) Diploma, Part 1 Examination

STA

NA

Zoom

To be announced

www.technicalanalysts.
com/education/
sta-courses/#course1-details

Continued on page 28

IFTAUPDATE 2023 Volume 30 Issue 4

page 28

Calendar continued

2024
Month

Day

January
February

March

April

May

15

IFTA Update submission deadline for all news content (mid-March
release)28

Registration deadline for CFTe II on 11 April 2024

28

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

4

STA (UK) Diploma, Part 1 Examination

15

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

Host

Speaker

Location

Time

Contact

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

20

IFTA Webinar: An Alternative to Candlestick Charts

IFTA

Kevin Bull

NA

2:00 PM US Easternadmin@ifta.org; www.ifta.org

11

Certified Financial Technician (CFTe) Level II Examination

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

25

STA (UK) Diploma, Part 2 Examination

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

15

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

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

June
July

Topic
No events scheduled for January at this time

No events scheduled for June at this time1

STA (UK) Diploma, Part 1 Examination

31

Master of Financial Technical Analysis (MFTA) Session 2 application
deadlinen

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

August15

IFTA Update submission deadline for all news content (midSeptember release)

IFTA

NA

NA

NA

admin@ifta.org; www.ifta.org

September

5

STA (UK) Diploma, Part 2 Examination

STA

NA

Zoom

To be announced

www.technicalanalysts.
com/education/
sta-courses/#course2-details

IFTAUPDATE 2023 Volume 30 Issue 4

page 292023 IFTA Board of Directors Nominations (Term October 2023–October 2026)
Nominations were received for five open positions on the
IFTA board of directors. Elections will be held in Jakarta
at the Annual General Meeting (AGM) and via Zoom on
4 October 2023.
If you would like to contact any of the candidates, pleaseemail the IFTA staff at admin@ifta.org, and we will be glad
to facilitate your communication.
Wieland Arlt, CFTe
Nominated by: VTAD (Germany)
Current Board Member: Yes
Wieland Arlt is a trader, tradingcoach, and trainer who conveys
trading approaches that are easy
to understand and implement.
He is the author of the bestselling books Risk and Money Management – Simplified(German), Risk and Money Management for Day andSwing Trading (English), and 55 Reasons to Become aTrader (German), as well as numerous articles in leading
financial magazines. He is a sought-after speaker andexpert at trader fairs.
Wieland is a board member of the Vereinigung
Technischer Analysten Deutschlands (VTAD) and is incharge of the chapter in Hamburg. He holds a degreein economics.

Gregor Bauer
Nominated by: VTAD (Germany)
Current Board Member: Yes
Dr. Gregor Bauer works as anindependent asset manager for
private clients and companies inGermany. He is also the president of the German Associationof Technical Analysts (VTAD). Gregor authored two bookson technical analysis and covers a regular technical outlook on German TV. He also writes articles on a regularbasis for leading financial newspapers. He is specialized
in applying advanced candlestick techniques in combination with traditional western techniques.
Gregor holds lectures on portfolio management andtechnical analysis at various elite universities in Germany
and Liechtenstein and runs seminars and workshops on
technical analysis for institutional investors.
Together with a partner, he runs a successful, computerbased, medium-term ETF trading system, which is now
also open for institutional investors.

Shinji Okada, MFTA, MS
Nominated by: NTAA (Japan)
Current Board Member: No
Shinji received the 2020 John
Brooks Memorial Award for his
MFTA thesis titled “Observation of
Yield Points of Trends” and spokeat the 2021 Online Conference on”Regression Analysis to Determine Best Use of TechnicalAnalysis Tools.” He serves as the General Manager
of Research Dept. at the Nippon Technical Analysts
Association (NTAA) and introduces not only the classic
theories but also the latest ones to the members.
In addition, he is one of several regular lecturers at theextension course at Meiji University in Tokyo where NTAA
offers several lectures on technical analysis to the public.
He currently works for QUICK Corp., a financial information vendor, covering the clients, e.g., brokers, analysts,
and traders, at banks and securities firms.
His career began when he joined a brokerage firm called
Securities Japan Co., Ltd. after he had earned his master's
degree in political science from the graduate school of
Nihon University. Through his experience as a securities
broker, he had realized how he could help investors withthe various technical analysis tools. It is this experiencethat has driven him to his motivation towards the researchof technical analysis.

Continued on page 30

IFTAUPDATE 2023 Volume 30 Issue 4

page 30

Board of Director Nominations continued

David Watts, BSc (Hons), CEng,
MICE, MIWEM, FSTA
Nominated by: STA (United
Kingdom)
Current Board Member: No
David is a trading system consultant and professional engineer.
He first became involved with the
LIFFE markets after being commissioned to provide IT
support and write a trading model for a number of LIFFE
traders in 1992.
Since then, he has used his engineering expertise on
a number of innovative trading projects. Commissions
include the implementation of Dunnigan’s One Way
Formulae, a technical trading model, the production of
a number of swing timing models for traders within the
Butterworth Group (1997–2000), as well as providing timeseries analysis tools for clients in the banking and fundmanagement industry.

Ron William, CFTe, MSTA
Nominated by: SAMT(Switzerland)
Current Board Member: No
Ron William, CMT, MSTA, is anaccomplished market strategist,
educator, and trader with 20 yearsof financial industry experience
working for leading economic research and institutionalfirms and producing macro research and trading strategies. He specializes in macro, semi-discretionary analysis,
driven by cycles and proprietary timing models.
Ron also serves as an active trading mentor specializingin trading psychology, using the NLP model, and Van
Tharp Peak Performance™. Previously, Ron was a seniortactical and market timing strategist at the ECU Group, a
global macro investment and advisory firm. He was partof the Multi-Asset Research and Advisory Team headedby Robin Griffiths, applying his signature “Roadmap” cycle
model.

Ron’s work, as part of his current institutional market advisory firm (RWA), acquired global industry recognition withthe 2014/2013 Finalist Award for “Best Independent
Research House for FX” and the 2012 Finalist Award for“Best Technical Analyst of the Year.” His market insights
are featured regularly across notable industry publications and financial media programs, most recently featuring U.S. presidential election cycle analysis, GBP/USD
Brexit impact, and EUR/USD parity risk.
Ron dedicated four years to working at Bloomberg L.P.
as a senior technical analyst specialist, responsible fortraining/consultation across the EMEA region, and contributed to the development of charting strategies and thetechnical analysis platform of the Bloomberg Professional
Service™

IFTAUPDATE 2023 Volume 30 Issue 4

page 31Congratulations New CFTes!

ATAA has invited us to attend their 2023 National Conference at theSheraton Grand Hotel, Hyde Park, Sydney
Friday, Saturday, Sunday, 20–22 October 2023

The IFTA Certified Financial Technician (CFTe) consists of CFTe I and II,
which together constitute a complete professional program. The two examinations culminate in theaward of this internationally recognized professional qualification in Technical Analysis.

Mohamed Abdelmonem Mohamed Ahmed Sallam(ESTA)
Amr Elbadry Ali Elbadry (ESTA)
Mohamed Elsayed Abdou Mohamed (ESTA)Heba Alah Fahmy Elmihy (ESTA)
Mohamed Hesham Mohamed Abed (ESTA)
Ahmed Mohamed Abdel Hakeim Aboelyazeid (ESTA)
Hazem Mohamed Mahmoud (ESTA)
Marwa Mohamed Sayed (ESTA)
Essam Mohammed Hosni Abdel Aty (ESTA)
Mohamed Saeed Abdelaziz Hassan (ESTA)
Ahmed Zakaria Mohamed Hassan (ESTA)
Mohammed Alshair
Christopher Bohn
Kamoldech Chujit
John Estevan Javier
Shubham Gandhi
Uppma Ginotra
Shilpi Gupta
Tymofii Melnyk
Marco Nesrallah Ferrari
Kamal PagariaFrank Ritacco
Alexander Sacher
Estevao Santos
Bao Tran Q.
Dae Kyu Yum
Ramzi Abou Abdallah (STA)
Badr AlMeeman (STA)
Ahmad Fauzan Bin Amrullah (STA)
Peter Bryant (STA)
Joel Burke (STA)
Jordi den Hartog (STA)
Dr. James Dorsey (STA)
Pyae Phyo Hein (STA)
Nils Kujath (STA)
Sean Lunn (STA)
Nik Mohd Radzi Nik Wan (STA)
Wei Terd Phang (STA)
Michael Roby (STA)
Harry Springthorpe (STA)
Petros Steriotis (STA)
Theo Theodorou (STA)

Market Conquest: Tech and Tools for SuccessWith markets remaining volatile and unpredictable in a challenging global landscape, it’swell worth arming yourself with the skills and tools to be able to maximise opportunity inthe current uncertain environment. Take the opportunity to learn practical trading ideas androbust risk management strategies from industry leading professionals, that you can takeaway and use to enhance your bottom line. Our conference speakers will talk about how
they use Technology and Tools to assist their trading and investment strategies.
Invest in yourself to improve your trading and investing and take advantage of the early
bird extension – it may be tax deductable.
Continue networking with the speakers and other traders and investors by staying for the
Conference dinner on the Saturday night at the Sheraton Grand Hotel.

New offers
All non-ATAA members are offered:• A free 6-month ATAA membership bonus.
• Plus, a ticket into the drawing to win an ATAA Online Introductory TechnicalAnalysis Course valued at $450
The ATAA Online Introductory Technical Analysis Course is a comprehensive homestudy program designed to teach you how to use charting techniques to makeinformed decisions when buying and selling stocks.

For more information go to their website: ataa.asn.au
Conference Highlights:•••

Listen to top trading and investing professionals as they share practical ways to profit inthese ever-changing markets
13 sessions over 3 full days. Hear from Brett Steenbarger, John Bollinger, Daryl Guppy,
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Don’t miss your chance to meet and mingle with these exceptional speakers.

Balance professional development and yourpersonal life with the STA Home Study Course©
WHAT WILL IT COVER?

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Don’t Get Caught Inside
When You Can Be
Hanging Five
OK, so truth be told, we had a fairly heated discussion at Elliott
Wave International over the direction of this ad. Do we gostraight serious, like just about every other ad? Or do we show
our playful side, in the hope that you won’t just skip past it likeall those other ads?
Because on the one hand, the Certified Elliott Wave Analyst(CEWA) designation is dead serious. The CEWA program is
the standard for Elliott wave analysts. But at the same time, theWave Principle is gnarly, dude – why surf the chop with the
kooks when you could be rippin' the best waves with the locals.
And so, in an exclusive arrangement with our buds at IFTA,
EWI now offers the Certified Elliott Wave Analyst (CEWA)
designation for the coolest dudes: Elliott wave pros, analysts
and traders.
Your CEWA designation lets everyone know that you're alegend in the practical application of the Elliott Wave Principle,
one of the most recognized forms of technical analysis. With
CEWA you can finally paddle out away from the crowds andfind some open water where you can shoot the curl.
Show your CEWA designation to potential employers andprospective clients, so they know YOU know where the bombs-- and the grey fins -- lurk.

Get Started. Visit www.elliottwave.com/wave/GetCertified“Is it just me, or has Wilson gained someconfidence since he became a CEWA?”IFTAUPDATE 2023 Volume 30 Issue 4

page 34

Society NewsSTA (United Kingdom)
The Society of Technical Analysts

ESTA (Egypt)
Egyptian Society of Technical Analysts

Once again, the STA celebrated International Technical Analyst Day (ITAD) on 9
September. We asked everyone to give a special acknowledgement to any TechnicalAnalyst who have inspired or influenced them. It was a chance to shine a spotlight ona favourite technical analyst for one day in the year.

In an exceptional ESTA Day presentation by Mr. Mohamed Abdel Nasser, CFTe, CETA,
the topic of "Discipline During Trading" took centre stage. During his talk, he emphasized the critical role of emotions in trading, specifically addressing the impact of emotions when experiencing profits or losses. Mr. Abdel Nasser offered valuable insights
on how traders can effectively navigate their emotions throughout the various stagesof the trading cycle.

On 14 September the STA and colleagues in the wider financial sector gathered at
London’s iconic National Liberal Club to celebrate the STA’s 55th anniversary, precededby our annual Awards Ceremony for the latest MSTAs.
The STA Diploma Part 1 Course that starts on 11 October will be held online via Zoom
webinar and will be fully interactive with students being able to ask questions as theywould in a classroom. Any students unable to watch live will be able to catch up with arecording post event and email the STA office if any questions. They may also post questions on the STA Student Forum which will be answered by course lecturers. Provision
has been made for candidates to sit the exam(s) in their own personal space, using
Zoom invigilation.

The key message conveyed was the importance of letting go of our emotions during
trading and approaching each phase of the trading process with efficiency and effectiveness. By maintaining discipline, traders can ensure consistency in their actions
and decision-making, effectively manage risks, exercise patience, facilitate continuous
learning, and maintain a long-term perspective. Discipline was underscored as the bedrock upon which successful trading strategies are constructed, enabling traders whoembrace it to increase their likelihood of achieving sustainable and profitable outcomes.

The sessions will be held from 6.00 pm–7.30 pm London time (BST). Near the time
students will be sent login details for the webinar. The Diploma Part 1 examination willtake place during the daytime on Monday, 4 December 2023.
The advantage of holding the course online is that students who live too far from
London to attend the classes will be able to benefit from live lectures (or access thempost event). For dates, price and full details please visit https://www.technicalanalysts.
com/education/sta-courses/#course1-details.
Keep in touch with us via our online blog and follow us on twitter @STA_ORG, LinkedIn,
Instagram, or like our Facebook page.

Continued on page 35

IFTAUPDATE 2023 Volume 30 Issue 4

page 35

Society News continued

IEATEC (Spain)
Instituto Español deAnalistsas Técnicos y
Cuantitativos
Exploring the Potential of
Machine Learning in TechnicalAnalysisT h e S p a n i s h I n s t i t u te o f
Technical and Quantitative
Analysts (IEATEC) has initiateda series of webinars with the
purpose of delving into thepossibilities offered by machinelearning in the realm of technical analysis. Through thesesessions, the aim is to uncover
how the integration of artificial
intelligence can enhance andoptimize technical analysis.
Recently, IEATEC presented awebinar to the New ZealandTechnical Analysts Association(STANZ), where the use of classification algorithms in interpreting candlestick patterns was
examined. The primary objective was to assess the capability of these algorithms to predict the future performance ofdifferent patterns, whether inthe form of bullish reversals,bearish reversals, or trend
continuations.
One of the standout outcomes was the utilization of
the xgboost algorithm, whichyielded a remarkable prediction accuracy of 88%. In comparison, predictions based on
traditional analysis without theapplication of artificial intelligence achieved a precision of
62%. This achievement clearly
underscores the positive impactthat the integration of advanced
techniques can have on technical analysis.
IEATEC's commitment in thisdirection is steadfast. The initiative to share valuable discoveries in collaboration with
Robexia AI Lab will persist.
The aim is to continuously
identify and present otherpertinent advancements to
the International Federation ofTechnical Analysts (IFTA) andother allied associations.

Advanced
tools fortraders of
all levels

This endeavor aims to underscore the significance of staying at the forefront of trends andtechnology in technical analysis. As more breakthroughs are
uncovered and shared, the horizon of this analysis will continue
to expand, offering new tools
and perspectives to professionals in this field.
Sandra Nieto
President of IEATEC

Continued on page 36

Get a 1-month free trial at MetaStock.com/ifta

IFTAUPDATE 2023 Volume 30 Issue 4

page 36

Society News continued

SIAT (Italy)
Societa Italiana di Analisi Tecnica
SIAT ACADEMY2023: Forte dei Marmi
SIAT Academy 2023 - Forte dei Marmi - La Capannina
A dive into the past to gaze upon the future
Tired of the same old slideshow presentations? Imagine
an event where speakers talk about the most disruptive
topics, like the transformation that blockchain will produce
in every single industry, explained through Victor Hugo's
Les Miserables. Or one where the answers about inflation
can be found in the pages of philosophers, the stories offamous writers, or the sheet music of great composers?
At SIAT Academy, we're tearing down the walls between
disciplines and eras. Over three transformative days, discussions soared from cutting-edge science challenges,

like surviving from a hibernation perspective, to the evergrowing importance of Python and AI in the world ofasset management. We’re embracing innovations that
not only offer a competitive edge in forecasting and risk
management and optimization of portfolios but also how
to make them "rise."But, as the old saying goes, "happiness begins in thestomach." So, amid these intellectual feasts, attendees
savoured gourmet meals, exquisite wines, and tales spunat the seaside, all under spellbinding sunsets and the deftleadership of President Davide Bulgarelli. And as night
fell, the iconic rhythms of Mike Joyce, drummer of The
Smiths, set the atmosphere.

knowledge; they were treated to an immersive experiencethat delighted every sense.
Those who attended this event, and there were many,
took a dive into the past in one of the most emblazoned
venues of the Italian dolce vita of the 1970s, with an eye
to the future because "they thought they already knew
everything, but there was a new ocean of knowledge
waiting for them on the horizon."

What truly set SIAT Academy apart was its extraordinary
blend of diverse learning experiences. The seamless
interweaving of deep technological discussions, literature,music, and gastronomy created an ambiance that wasboth unique and captivating. Attendees didn't just gain

Members of Board: (Left to Right) Luca Giusti, Giovanni
Trombetta, Davide Scutti, Gerardo Murano, Enrico Malverti,
President Davide Bulgarelli, Eugenio Sartorelli, Marco Mione,
and Alessandro Greppi.

IFTAUPDATE 2023 Volume 30 Issue 4

page 37

IFTA Member Societies

Board of Directors

CANADA—CATA* Canadian Association for Technical Analysis canadianata.ca

President Wieland Arlt, CFTe (VTAD)
wieland.arlt@ifta.org

AUSTRALIA—ATAA Australian Technical Analysts Association ataa.asn.au
EGYPT—ESTA Egyptian Society of Technical Analysts estaegypt.org

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

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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
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For more information and to advertise, visit our website: ifta.org/publications/newsletter/.

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 Clive Lambert, MSTA, CFTe (STA)
clive@futurestechs.co.uk
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
Conference and Development Director Indarwijaya 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
Eddie.Tofpik@admisi.com
Director Alessandr Greppi (SIAT)
greppi.alessandro01@gmail.com
Quant Director Giovanni Trombetta, CFTA, Electronic Engineer (SIAT)
giovanni.trombetta@gandalfproject.com
Director Yukitoshi Higashino, MFTA (NTAA)
higashino3z@gmail.com
Director Zainal Osman (MATA)
zarif25@gmail.com

Staff

Executive Director Linda Bernetich, CAE
Production Manager Jansen VeraManaging Editor Heather Rigby
Director of Accounting Services Dawn Rosenfeld

IFTA HEADQUARTERS
International Federation of Technical Analysts
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Phone: +1 240-404-6508
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