Brisbane Chapter Monthly Meeting
Saturday 9 December 2023 at 9.30am (AEST)
In-Person only meeting.
Agenda
9:00 - 9:30: Meet and greet with tea & coffee
9:30 - 9:45: Welcome and Introduction
9:45 - 10:15: Reading the Charts. A brief study of the major indices. Also, a study of selected charts for among the top quality stocks in the ASX100.
10:15 - 12:30: A Study of the COPPOCK INDICATOR
The Coppock indicator is a price momentum indicator. Edwin Coppock, an economist, designed the indicator in 1962. Some traders use the Coppock indicator as an overbought or oversold indicator. Other traders use the indicator to generate trading signals.
Edwin Coppock created the indicator to measure, not to trade. Therefore he never added a stop order, a profit target, a signals filter and other components, which are part of most trading strategies.
These are the advantages of the Coppock indicator:
- A precise indicator of price momentum.
- The indicator can be applied to every instrument.
- The indicator can be used in any time frame.
- Easy to understand and easy to use.
This technical analysis indicator has been around for decades, but many traders are still unaware of its potential.
So, what exactly is the Coppock Curve? Simply put, it's a momentum oscillator that helps identify major market trends.
One of the reasons why the Coppock Curve is so effective is because it takes into account both short-term and long-term trends. By analyzing these trends over time, traders can get a better understanding of where the market is headed and adjust their strategies accordingly.
The Coppock Curve can also be used to identify buying opportunities. When the curve crosses above zero, it's a signal that bullish momentum is starting to build.
On the other hand, when it crosses below zero, it's an indication that bearish momentum may be on its way.
12:30 - 3:00: End of Year Lunch at the Lucky Duck Café & Bar - 15 Gladstone Road, Highgate Hill.
A friendly little cafe bar tucked into the eclectic Gladstone Rd shopping strip, Lucky Duck makes a seriously worthy caffeine, food and drinks stop. The outstanding food is a paddock to plate experience, with a daily menu featuring seasonal fresh produce. Breakfast is available until 2.30pm and could include dishes like Butterbeans on housemade brioche, eggs your way with macadamia sambal and kraut or fresh baked cinnamon or creme brulee donuts.
Go here for a look at the menu: https://restaurantguru.com/Lucky-Duck-Cafe-and-Bar-Brisbane/menu
3:00: Meeting closes
Future meetings: Usually held on the second Saturday of the month (except January).