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Newcastle Chapter, Sat, 8 Sep 2018 at 10:00 am

Category
Newcastle Chapter
Date
Sat, 08 Sep 2018 10:00 AM
Venue
Kahibah Sports Club - 63 Kenibea Ave, Kahibah NSW 2290
Telephone
Stephen Blacktop: +614 1041 3972, Peter Thornton: +614 1115 5745
Email
Website

Members: Free

Visitors: First meeting free; subsequent meetings $40

9:30 am: Coffee and chit-chat

10:00 am: Welcome and announcements – Stephen Blacktop

10:10 am: Where are we now? – Stephen Blacktop

Stephen will give an overview of Australian and international indices, selected commodities and ASX sectors.

10:30 am: Options time – The options strategy for repairing stock – Peter Thornton

This stock repairing strategy is used to recover from a loss after a stock has suffered a drop in price.

10:50 am: Jonathan’s view of the markets Jonathan Smadja

11:00 am: Coffee time and networking

11:30 am: Bruce Wood

Topic: The Bondi Special Interest Group Model Portfolio
 
The Bondi Model Portfolio commenced trading in August 2017 and hit a very turbulent market. However, by Christmas time (4 months trading), our profit was up by well over 30% on the capital usage – which was a remarkable result!

In our efforts to improve our risk by implementing risk management strategies, we designed rules which conflicted with each other, and this resulted in an unworkable trading model.

The market correction came in early February 2018, and by mid-February, we had an empty portfolio. Even after giving a lot of our profit back to the market, the profitability of the portfolio after the last trade was still very respectable (approximately 20% pa)!

This presentation will review how the Model Portfolio was designed, the performance of our trades, and whether it was successful. If we had to improve it, what would we do? If it were Bruce’s personal portfolio, how he would incorporate Heiken-Ashi candlesticks to assist with the position sizing and risk mitigation?

This presentation will be very practical, as we are reviewing notional trades which were reported weekly through the SIG website, so all trading decisions were disclosed in advance, and there was full transparency around all trades.

Biography

Bruce Wood is, today, a private trader. His professional career spanning over 35 years was in major corporate Financial Services, covering a diversified range of roles including:

Banking and Finance

Treasury Banking – Foreign Exchange and Money Market and Derivatives

Corporate Investor Relations

Superannuation Administration

Project Manager / Business Analyst

Bruce has been a full-time trader on his own account since 2010. Bruce has been trading Rules Based Trading Systems since 2003, and today devotes a significant portion of his working time to the designing and the ongoing development of Rules Based Trading Systems.

Bruce is currently the ATAA Sydney Chapter President.

1:00 pm Lunch in Club Restaurant (optional)

2:00 pm: Bruce Wood

Topic: Heiken-Ashi candles – a different approach to candlesticks

Heiken-Ashi Candlesticks look just like normal Japanese candlesticks, so why are they different?

In the 1700s, when Munehisa Homma developed Heiken-Ashi candlesticks, what were his objectives in designing a modified version of candlesticks?

Some traders (and in particular FX traders) claim that Heiken-Ashi candlesticks are a very powerful tool for identifying the direction of the trend.

In this presentation, we will look at how Heiken-Ashi candlesticks are constructed, and why they offer a very different approach to normal Candlesticks towards making your trading decisions.

3:00 pm: Meeting concludes

Next Meeting Date:  Sat, 13 Oct 2018

Next Meeting Venue: Kahibah Sports Club - 63 Kenibea Ave, Kahibah NSW

Next Meeting Speakers:  To be Advised

Next Meeting Normally Held:  Generally the Second Saturday of each Month

 

 
 

All Dates

  • Sat, 08 Sep 2018 10:00 AM

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