Melbourne Chapter, Thu, 11 Apr 2019 at 6:00 pm
Your Networking Opportunities:
A key feature of our monthly chapter meetings in this really good meeting venue is the Special Networking Session where you have the opportunity to make new friendships with like-minded colleagues, to help you build your skills and knowledge and to improve your trading / investing results. Of course, you will also be able to network with your existing friends and colleagues and talk about the markets — both past market performance, and where the market might be going to in the near future.
Visitors are welcome. All visitors pay a $30 attendance fee.
All first-time visitors and new members are welcome to join in the “Newbies Huddle” during the networking session. This will provide you with information about the ATAA, and the basics about Technical Analysis, and some tips about going forward.
5:00 to 6:00 pm: Informal Networking Session — Mingling with your colleagues.
ibis Hotel, Level 1, 15-24 Therry Street, Melbourne
6:00 to 6:05 pm: Notices, news events and Updates
6:05 to 6:30pm: Alan Clement — Trading Strategy Designer and Trader
Topic: “A Model Portfolio for The Chapter”
Alan will unpack the ideas delivered by Peter Aubourg in his talk to the chapter late last year to build a strategy which can be used to trend trade Australian stocks. The idea is that we will use this strategy as a model portfolio for the Melbourne Chapter, and we will review the trades for this model on a monthly basis in the room, along with some time for discussion.
Alan Clement is a trading strategy designer and independent trader with over 25 years of experience in the financial industry. Following a successful professional career in both investment management and investment banking, he now manages his own independent trading business. His main focus is in the design and development of quantitative trading systems that trade multiple markets. He is an international speaker on trading and evidence-based market analysis. He also provides development services, consultancy and training in quantitative methods to private and institutional traders and investors. Alan is an IFTA Certified Financial Technician (CFTe) and a National Director of the Australian Technical Analysts Association. His website can be found at helixtrader.com and he tweets as @helixtrader
6:30 to 6:55pm: Robert Brain & Paul Ash
Topic:- Hands-on chart reading interpretation — real demonstration with audience participation
How can we effectively use share price charts to analyse whether a stock should be bought or not? How can we interpret the price action? and the volume? and the various chart indicators that are available?
About 80% of ATAA members are trend traders* on ASX stocks. In this session we will demonstrate the use of real price charts (using a laptop with no internet connection), and ask the audience to offer their thoughts, experiences and suggestions for:
- We want uptrending* stocks — so how do we find them?
- Which stocks to look at?
- Should we focus on specific sectors?
- Does it matter whether we look at large cap, medium cap or small cap stocks?
- Should we firstly look for a confirmed uptrend, and chart patterns?
- What is the best chart indicator to use? (with suggestions from the audience for their favourite indicator).
- What “set up” or “trigger” conditions might we look at for an entry?
In this session we will be sharing collective ideas and experiences so that experienced ATAA members can help to share their knowledge with the less experienced members and visitors, and try to address the above questions.
* — We will focus on a short- to medium-term trend trading strategy idea, rather than a breakout strategy, or pattern strategy, etc. This time frame is perfect for the busy investors/traders who only have a couple of hours each week to do their analysis and stock selection.
6:55 to 7:00pm: Break
7:00 to 8:00pm: John MacLeod Analyst, Consultant and Private Trader
Topic: “Trading with Predictive Analytics”
Predictive analytics is the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes by using current and historical information. Over the last 15 years John MacLeod has researched and applied these methods to the ASX Stock Market to underpin his private trading. Recent research coupled with learning out of the ATAA and member collaborations has further enhanced the predictive power of this modelling through blending TA indicators with regression and support vector machine (SVM) predictive methods.
Trading will always be conducted at some point in the future, so it makes sense to estimate the likely future change of a stock price at future points in time and this is where predictive analytics comes into play. Furthermore, providing a measure of confidence with this prediction is even more useful. John's presentation is intended to prompt his audience to think about:
- using TA attributes in predictive models that estimate the likely future change in price of each stock;
- measuring the strength of each stock estimation;
- how all stocks within a constantly changing market will all have distinct intrinsic drivers price movement behaviours; and
- why models should be constructed and executed in order to accommodate constantly changing markets
John MacLeod has a Master of Science in Physics and 30 years in a professional analyst & consulting background around designing, building and implementing Predictive and Trigger Based analytical models for telco's, local and overseas consumer banking, publishers, FMCG and other mass marketing organisations.
In 2004 John commenced investigating various methods for predicting the direction of stock prices in the ASX in order to run and support his SMSF and this has resulted in the successful ongoing management of his SMSF. Over the last 3 years since joining the ATAA and Quant Trader Special Investigative Group along with collaborating research with other ATAA members these predictive methods have been much enhanced.
Tonight’s presentation will challenge the way we use TA and will introduce predictive analytics and some data science as an alternative way for finding trades in the market.
8.15 pm: Dinner and more networking
Place dinner orders at the bar before 6:30pm.
ibis Melbourne Hotel, 15-21 Therry Street, Melbourne, (near Victoria Street)
How to get there:
Train: Melbourne Central railway station 550 metres
Trams in Elizabeth and Swanston Streets
Car Parking: CBD Car Park, 58 Franklin Street
Please note: At times, the Pay Stations in this car park have refused to take credit cards, and have only accepted cash (so have cash handy). Also, there are some traffic interruptions along parts of Franklin Street due to long-term works for the Metro Rail Tunnel.
Next Meeting Date: Thursday 9th May 2019
Next Meeting Venue: ibis Hotel Melbourne, 15-21 Therry St, Melbourne 3000
Further Information: Paul Ash - Melbourne ATAA Chapter President
Next Meeting Speakers: Gary Stone
Next Meeting Normally Held: Generally the second Thursday of each Month
- Thu, 11 Apr 2019 05:30 PM
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