It has been many months since I’ve blogged actively.  During that time, I have been working on several projects. One of my main focuses has been continuing to grow and refine our business at Waverly Advisors. Our work is primarily aimed toward institutional investors or money managers who want a tactical (i.e. technical) input into their decision making process, and frankly probably will not be that relevant for individual traders. However, we do offer a free trial period so you’re welcome to kick the tires and see what you think. (I ask one thing, if you sign up, please use a real email address and contact info. We regularly delete signups from nobody@notarealemail.com with phone numbers like (123) 123-1234. We will not spam you or sell your contact info, but we also do ask common courtesy on the contact. We want to know who our readers are and we care.)

We also have been working on a number of asset management products, a few of which are being actively traded at this point. We eventually will offer futures (in the CTA mold), a tactical equities fund, and most likely a number of complementary allocation models (e.g. equity sector tilt). More info on these to follow soon.

Of course, what has really absorbed my time has been the book. For those of you who don’t know, I have just finished The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies to be published by Wiley in the first part of next year. I’m excited about this project, and in many ways, thanks to the input and constructive discussion with a number of people, it has exceeded my expectations. The process of writing a large book in less than six months was exciting, painful, grueling, discouraging, exhilarating, tedious… fill in the blank… I’ve been through it all in the past months.

I will be blogging regularly here, and plan to focus on four specific areas:

  • I want to create a series of posts that are essentially an Introduction to Technical Trading. Many of my readers of early drafts of my book commented that it was an “advanced” book, but as I looked around I realized that there isn’t a great intro to technical analysis out there. I think I can do this in a format here that will be useful and interesting to many readers.
  • I’m excited about the topics and contents of the book. I’ll share a table of contents soon, and will be happy to discuss some of the concepts in these blogs.  I was able to make some good changes to the book in response to input and discussions with other people, so my hope is that this can lead to some productive discussions with readers.
  • To support both of those topics, I will look at examples drawn from actual market conditions. I cannot be, nor do I want to be, in the business of offering market calls or trades through Twitter. I know there are some people who do that, but it doesn’t make sense for me. I will, however, use actual examples from closed trades, either from our research or from actual trades we have done.
  • I do think it will be interesting and useful to look at some developing trades and market conditions, so there will be the occasional “live” example of something that is playing out. These will be relatively infrequent and not the focus of my work here.

So, that’s it for now. Check back for regular updates.


Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.