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Prashant Shah, CMT, CFTe, MFTA, MSTA

Prashant Shah, CMT, CFTe, MFTA, MSTA

Prashant Shah, CMT, CFTe, MFTA, MSTA
Prashant is a founder member and CEO of Definedge solutions, a company which is into developing high quality financial products and research services. He has worked with various financial firms and he has been practicing Technical Analysis and noiseless charts in particular for a number of years. Prashant is a leading practitioner of one-dimensional noiseless charts in India. Prashant has taught the methods and practical aspects of trading to thousands of traders and investors. His mission is to help others become objective, noiseless, and process-oriented trader. He regularly appears on business media channels for his views and opinions on markets.

Prashant Shah is one of the few professionals with number of coveted and renowned designations in the industry. He has been awarded Chartered Market Technician (CMT®) and a Certified Financial Technician (CFTe) by CMT Association and International Federation of Technical Analysts (IFTA) respectively.  He is first in India, who is holder of the right to the Master of Financial Technical Analysis® certification designation by IFTA for the original research conducted by him regarding Line Break charts swing trading techniques. He is also a Member of Society of Technical Analysts (MSTA).

Prashant has written Trading the Markets the Point & Figure Way and Profitable Trading with Renko Charts. His book on Renko charts was ranked as number one best seller on Amazon. Prashant is passionate about building innovative tools and platform for traders and investors.

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            [post_content] => Hello readers!  

We are now in the 12th and final month of a year that has been a roller coaster ride throughoutGlobal indices are now clocking all-time highs after correcting by almost 50% in the beginning of the year. There were those who made money, those who lost money and those who learnt a lot from the markets this year regardless of the monetary gain/loss. And that needs to be our prime focus. As long as the learning is in place, you’ve gained in this market.  

Everything is Relative Strength is everything 

When I was studying for my CMT Level III exam, I came across this chapter by Julius de Kempenaer. I read the title over and over again. I was amazed by that statement and the validity that it holds universally. What we see, believe and feel is all relative. For the most part, we don’t deal with absolute perceptions or ideas. Everything is in relative terms based on the variables we’ve been exposed to in the past. Just as we choose a particular asset class based on its relative strength among other asset classes, we make choices in life based on the relative strength of those decisions over others. Similarly, there are numerous concepts that could be picked up from the market and incorporated in our lives because at the core of these concepts are basic human emotions and reactions.  

Market participants (like myself) who witnessed extreme moves in global indices across the globe this year for the first time, have been exposed to important lessons early in their career. While this year has been difficult for many reasons, it has taught us innumerable lessons in a short span of time. For me, this year has reiterated the importance of basic concepts and understanding which often get clouded by over analysis and over thinking. As an analyst sometimes one’s judgement gets clouded by expectation rather than by reaction. We are not here to dictate or predict patterns and scenarios. We are here to react to the price to the best of our risk management abilities and move with the trend.  

To all the aspirants appearing for their exams this December, make sure your basic foundations are strong, because in turbulent times like the March 2020 crash, the very same basics can bail you out.   

Until next time, Think Technical!  

Rashmi Shastry, CMT
Editor, Technical Insights
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LETTER FROM THE EDITOR

Like every other field of study, technical analysis has a history that is important to study. The history of technical analysis includes research related to charts and indicators. This history also includes the stories of the people who advanced the field. This month we look at one of those individuals in detail. Joe Granville rose to fame as a technical analyst in the 1960’s and 1970’s. In the future, it might not be possible for any other analyst to achieve his level of popularity. Markets are larger now and the time when one individual’s forecasts can move markets has likely passed. But Joe lived when that was possible and he did move the market on several occasions. In addition to the past, articles in this issue of Technically Speaking also cover the present state of technical analysis with several pieces of applied analysis. You can always email us at editor@mta.org to share your perspectives on the past, present and future of technical analysis. Michael Carr [post_title] => Technically Speaking, October 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:33:49 [post_modified_gmt] => 2020-08-03 15:33:49 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=45748 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 387891 [post_id] => 45748 [meta_key] => newsletter_content_3_contributor [meta_value] => a:1:{i:0;s:5:"40129";} ) )

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