On Thursday July 4, 2014 I had the honor and pleasure to host Alfonso Esparza as guest of the Toronto Forex Group, for a very inspiring, useful and practical presentation. Alfonso is a senior, experienced currency analyst with OANDA and publisher of MarketPulse. As a trader and market analyst I am into using a “modern variation” of Fibonacci to spot areas where participation of widespread classes of algorithms can be anticipated. So although I value fundamental analysis, I rarely make reference to it in my trading, as I find it is very difficult to integrate discretionary tools into my rule-based trading. But what I and the other several participants have learned from Alfonso at the July meetup is that there can be identifiable market, economic and geopolitical situations, like those developing from social dislocation (the topic of July presentation) that can be analyzed and explained using well defined conceptual frameworks.
Continue reading Giuseppe Basile’s reflections on Alfonso Esparza’s framework for analysis of social unrest in financial markets