- IFTA Speaker
"Miyoko Nishimura, MBA, MFTA is a Technical Analyst and Strategist in the Investment Information Department of Mizuho Securities. (http://www.mizuho-sc.com) Miyoko won the John Brooks Memorial award for the best MFTA paper for 2015. She first became interested in futures markets while studying at the University of Newcastle in Australia. From 2003 to 2015, she worked for one of Japan’s leading commodity brokers. She achieved recognition for three years in a row as a top salesperson and as head of the company’s top-performing branches in Tokyo. While working as a trainer in the HR department, she made presentations to staff throughout Japan. She also contributed to the company’s Diversity Project. During this period, she also found time to earn an MBA at Tama Graduate School of Business and to raise her two young children. She worked for two years as a stock futures broker. In 2014 she joined the company’s Investment Research Division as a Technical Analyst. Since joining Mizuho in 2016, she has presented technical and macro-economic seminars to potential customers throughout Japan and provided market reports and commentaries. Since September 2016 she has provided commentary on Nikkei CNBC. As an NTAA member she has played roles of presenter, coordinator, moderator, and translator of seminars."
|Posted: 21 October, 2016||Subjects: Indicators|
|Source: C2016 IFTA||Available to: Delegates 2016|
This presentation (drawn from the winning MFTA paper) proposes a new method of determining Trend Days (hereafter called Entropy of Market Profile, or EMP) that builds on Steidmayer’s original discoveries by incorporating price action on prior days. EMP is calculated by dividing the area of Market Profile (accumulated quantity of prints) by the height of the daily Market Profile. A Trend Day is considered to have occurred in the event that the EMP value is low. This MFTA paper is scheduled for publication in the 2017 IFTA Journal. In this presentation, a Trend Day usually occurs when EMP 2.0 is less than ‘-1σ’ from the mean. Tests were conducted on four futures markets—Nikkei 225, 10-Year JGB, Gold and Crude Oil—to determine under what conditions EMP 2.0 occurred. These tests concluded that the new method improved on the conventional method in the Nikkei 225 and showed no significant difference in the other three markets.